Slide 1: Exchange filing cover letter: investor presentation for Q1 FY25 results
ODES piping systems 16 August, 2024 Listing Compliance Department BSE Limited The National Stock Exchange of India Ltd. Phiroze Jeejeebhoy Tower, Exchange Plaza, Plot No. C/1, G Block, Bandra Dalal Street, Kurla Complex, Bandra (E), Mumbai - 400001 Mumbai - 400051 Scrip Code: 544198 Symbol: DEEDEV S
Slide 2: Q1 FY25 Earnings Presentation
YODEEpiping systems DEE Development Engineers Limited Q1 FY25 Earnings Presentation
Slide 3: Safe Harbor Statement
Safe Harbor Statement YODEE piping systems This presentation may contain certain “forward-looking statements” within the meaning of applicable securities laws and regulations, which may include those describing the Company's strategies, strategic direction, objectives, future projects and/or prospec
Slide 4: Agenda
YDEE piping systems About DEE Key Financial Highlights Why DEE Shareholding Summary QYODEE piping systems Annexures
Slide 5: Management Commentary
Management Commentary "To start with, |, on behalf of DEE Development Engineers management team, would like to thank the entire Investment Community for the incredible response to our IPO. We really do not know how to thank each one of you for the faith bestowed upon us. Your support and trust in us
Slide 6: About DEE
About DEE LN
Slide 7: An engineering company providing specialized process piping solutions
DEE | An engineering company providing specialized process piping solutions YODEE piping systems DEE Development Engineers Limited was Incorporated by the Chairman & Managing Director Mr. K.L. Bansal in the year 1988. EES Over three and a half decades Largest player in process piping solutions in In
Slide 8: Major events and milestones
Major events and milestones ODEEpiping systems 2024 2020 e Commenced business operations at e Commenced business operations at Anjar Heavy Fabrication Facility in Gujarat Numaligarh Facility in Assam. e Recently started operations at the New Anjar Facility | 2014 e Listed on 26th June 2024 on BSE &
Slide 9: Key Financial Highlights Q1 FY25
Key Financial Highlights QI FY25 eo \
Slide 10: Financial Highlights - Q1 FY25
Financial Highlights - Q1 FY25 YODEE piping systems In INR Millions PTT te Revenue from Operating Profit Before RCI ANAK E Operations EBITDA Ey Ey Q1 FY25 1,850 248 44 32 157 Growth (YOY) 17.6% 76.1% NA NA 153.5% Growth (QOQ) (23.9%) (28.3%) (73.3%) (73.2%) (33.6%) Margin?(%) 13.4% 2.3% 1.7% Margin
Slide 11: Financial Highlights - Q1 FY25
Financial Highlights - Q1 FY25 YDEE piping systems In INR Millions Particulars eV E ley SOS UTA oeyzar RONW(%)2 ROCE(%)?"4 Net Worth 4,415 7,462 8.7% 6.1% 6.0% Total Borrowings 4,384 3,390 reg: 2.1% Total Lease Liabilities 221 230 Ld Cash & Cash Equivalents ' 25 95 m@Mar'24 mJune'24 @ Mar'24 mJune'2
Slide 12: Financial Highlights - Segmental Revenue Breakup
Financial Highlights - Segmental Revenue Breakup YDEEpiping systems In INR Millions Particulars Piping Division Power Division Heavy Fabrication Q1 FY25 1,504 208 137 Sales Contribution 81.3% 11.3% 74% Q4 FY24 2,099 209 124 Sales Contribution 86.3% 8.6% 5.1% Q1 FY24 1,328 210 35 Sales Contribution 8
Slide 13: Summary of Profit and Loss Statement
Summary of Profit and Loss Statement YODEE piping systems In INR Millions ata ley Q1 FY25 oun a 7! YoY Change Q4 FY24 Revenue from Operations 1,850 1,573 17.6% 2,432 (23.9%) 7,888 Operating EBITDA 248 141 76.1% 346 (28.3%) 1,025 Operating EBITDA? (%) 13.4% 8.9% 445 bps 14.2% (81 bps) 13.0% Other Inc
Slide 14: Why DEE
Why DEE
Slide 15: Why DEE: key strengths
Diverse Portfolio Industry Leader Wide range of specialized Leading Indian manufacturer of Vv product offerings and services specialized process piping solutions, making DEE a comprehensive known for its extensive production capabilities and significant entry 2-© @-G solution provider barriers in th
Slide 16: Wide range of specialized product offerings and services
Wide range of specialized product offerings and services... piping systems Industrial Pipe Fittings Industrial Stacks and Wind Turbine Towers Pressure Vessels DEE handles complex metals such as varying grades of carbon steel, stainless steel, super duplex stainless steel, alloy steel and other mater
Slide 17: ...across a spectrum of industries
...across a spectrum of industries YODEE piping systems Recently expanded into new business vertical of design, engineering, fabrication and manufacturing of Pilot Plants. DEE intends to develop pilot plants which cater to the R&D needs of companies in the Oil and Gas, Petrochemicals, Refineries, Sp
Slide 18: Leading player in an industry with significant barriers to entry (1/2)
Leading player in an industry with significant barriers to entry (1/2) YODEE piping systems ( oO Leadership ah, * Largest player in process piping solutions in India, in terms of installed capacity * Currently ranked as one of the leading process pipe solution * providers in the world, in terms of t
Slide 19: Leading player in an industry with significant barriers to entry (2/2)
Leading player in an industry with significant barriers to entry (2/2) YDEE piping systems Manufacturing Facilities have a good mix of a Requirement of skilled labour with @ automation and manual processes 4 complex manufacturing technology = High capital investment DEE . has made and ° expects to c
Slide 20: Long standing customer relationships with a strong order book
Long standing customer relationships with a strong order book... YODEE piping systems Length of Relationship in years with key customers As on June 30, 2024 — DEE had an order book of INR 8,032 Mn e e Order Book Contribution across Sectors in which DEE’s customers operate — Q‘ Sa. 70.1 Figures in IN
Slide 21: Diversified customers across geographies and sectors
... supplemented by diversified customers spread across geographies and sectors ODEE piping systems As of June 30, 2024, DEE has served customers across 27 countries e 9 Select Countries served in June’24 Germany Revenue from Operations Switzerland Split by Geography (Q1 FY25) “Braly > 1 ~ ¥” J Japa
Slide 22: Strategically located state-of-the-art manufacturing facilities
DEE operates through strategically located state-of-the-art manufacturing facilities... ®DEE piping systems Seven strategically located Manufacturing Facilities at Palwal in Haryana, Anjar in Gujarat, Barmer in Rajasthan, Numaligarh in Assam and Bangkok in Thailand e in i. o Manufacturing Facility i
Slide 23: Good mix of automation and manual processes
...equipped with a good mix of automation and manual processes piping systems Fully automated robotic Automatic GMAW Welding welding systems System Semi-automatic shot blasting In-house non-destructive Induction bending process and painting machines examination facilities Automation capabilities ena
Slide 24: Installed Capacity & Capacity Utilization
®DEE Installed Capacity & Capacity Utilization piping systems Capacity: 103,500 MT Q1 FY25 FY 2024 . > Installed Capacity Installed eT FToh al] Capacity Utilization* Capacity Utilization (in MT) (in %) (in MT) (in %) Palwal Facility| 9,000 6.3% 9,000 5.7% Palwal Facility II 3,000 52.6% 3,000 54.2% <
Slide 25: Experienced promoter and skilled management team (1/2)
Experienced & dedicated promoter and skilled management team with deep domain @NMEE expertise (1/2) piping systems Krishan Lalit Bansal - Promoter, Chairman & Managing Director ** Has been associated with the Company since its inception in 1988 and has experience in prefabricated piping systems and
Slide 26: Experienced promoter and skilled management team (2/2)
Experienced & dedicated promoter and skilled management team with deep domain @NEE expertise (2/2) piping systems Pankaj Agarwal - Chief Operating Officer Charu Agarwal- Vice President (Accounts) ** He has been associated with the Company since July 25, 1994 and “* She is involved in strategic plann
Slide 27: Resilient Financials
Resilient Financials WDEE piping systems In INR Millions e——__ Revenue from operations —~~~» e@— Op. EBITDA & Op. EBITDA Margin e @ PAT & PAT Margin \ Op EBITDA = ®==Op EBITDA Margin (%) PAT (INR Mn) PAT Margin (%) 16.8% © ! I n ° argin (7% © I ce I is I Ln I a I o a * ! 10.8% : 68 |1 8g : , ! = 2 I
Slide 28: Powerful Industry Tailwinds: global process piping market
Powerful Industry Tailwinds ©®DEE The global market for process piping systems is expected to reach USD 54.5bn by 2030" os" Demand for process piping is triggered by capacity expansion Global Process Piping solutions market is valued at ~USD projects in industrial sector 39.2bn in 2023E @ e Year-on-
Slide 29: Powerful Industry Tailwinds: Indian process piping market
Powerful Industry Tailwinds ~ DEE Indian process piping solutions market is expected to register a CAGR of nearly 6.1% pingeysiems between FY2023 and FY2030° By 2030, Indian market for process piping solutions is expected to reach INR 38,400 crs Indian Process Piping Industry —- segmentation @ @ Ind
Slide 30: Growth driven by new capex in Oil & Gas, Petroleum and Power
Powerful Industry Tailwinds Growth driven by new wave of Capital Expenditure in the Oil & Gas, Petroleum and Power Sectors Indian Power Project Pipeline— INR Crore ' « India, the second-largest refiner in Asia, has established itself as a global powerhouse in oil processing. With an extensive refini
Slide 31: Strong capital build-up in Indian Chemical and Pharmaceutical Sectors
Powerful Industry Tailwinds ...and strong capital built up in the Indian Chemical and Pharmaceutical Sectors ° ° ° ° ° Indian Chemical Industry 2 Indian Chemicals & Pharmaceuticals Capex P ipeline = INR Crore 1 In USD $ billi a 8.5% | / >» 4,, Till FY26 71,648 1,58,906 2,36,554 297 533 252 63 178 Be
Slide 32: Strategy to capitalize on the accelerating Capex Cycle
Robust Growth Outlook DEE’s strategy to capitalize on the accelerating Capex Cycle in its Key Sectors I DEE’s Capital Expenditure in line with the Industry Capex Cycle I Launch pilot plant offerings in the =\, I near future I Anticipating growth in the power sector, DEE had invested in expanding its
Slide 33: Expansion into adjacent business verticals
Robust Growth Outlook Expansion into adjacent business verticals YDEE piping systems DEE recently expanded its business by entering a new business vertical of design, engineering, fabrication and manufacturing of pilot plants Process to manufacture pilot plants As part of DEE’s growth strategy, the
Slide 34: Shareholding Pattern (June 2024)
Shareholding Pattern (June 2024) ©®DEE piping systems Non-Promoter Shareholdin 9 Key Institutional Shareholders I I Kotak Mahindra Mutual Fund 1 I I Mutual Funds / AIF I HDFC Mutual Fund 1 m Banks, NBFCs & Insurance 1 Pinebridge Global Fund I I = Body Corporate I Total Shareholding 1 Tata Mutual Fun
Slide 35: Thank You!
Thank You! yo > (— YDES Piping systems ll) Uirtus Advisors Chief Financial Officer Investor Relations Advisor Sameer Agarwal Sanjeev Sancheti 4 sameeragarwal@deepiping.com M4 ir Quirtus.iin SA, @nnt Seev j j WWW.UIFtUS.In waey www.deepiping.com X y L
Slide 36: Annexures
Annexures LN
Slide 37: IPO Fund Utilization
IPO Fund Utilization WDEE piping systems In INR Millions Amount to be utilized from Amount Utilized as on Total Un-utilized amount as on Objects of the Issue as per Prospectus Net Proceeds* 30.06.2024 30.06.2024 Funding Working Capital requirements of our Company 750.00 179.82 570.18 Prepayment or r
Slide 38: Overview of Process Piping
Overview of Process Piping YODEE piping systems A process piping system is a specialized piping system that is exclusively used in an industrial plant for transporting input materials that goes into the actual production process. Process piping system typically consists of a network of interlinked p
Slide 39: Manufacturing Facilities (1/2)
Manufacturing Facilities (1/2) - Largest player in process piping solutions in India providing specialized process solutions YDEE piping systems in terms of installed capacity Velen a3 *~ Te iF Yt a we a) od i oo ee ’ iy Anjar Heavy Palwal Facility | Palwal Facility II Palwal Facility. III Barmer Fa
Slide 40: Manufacturing Facilities (2/2) - Two biomass power generation plants
Manufacturing Facilities (2/2) - Two biomass power generation plants YDEE piping systems Abohar Biomass Power Plant Muktsar Biomass Power Plant e e Abohar Biomass Power Plant spans an area of approximately 205,681.48 Muktsar Biomass Power Plant spans an area of approximately 141,829.67 square meters