Bharat Wire Ropes Ltd. · NSE:BHARATWIRE
Bharat Wire Ropes — Q4 FY24 Earnings Presentation
21 slides from Bharat Wire Ropes's earnings presentation, May 3, 2024
Slide 1: Regulation 30 Earnings Presentation Cover Letter
Ref.: BWRL/2024-25/SE/Misc./03 Date: 03rd May, 2024 To, National Stock Exchange of India Ltd. BSE Limited Exchange Plaza, C-1, Block G, Phiroze Jeejeebhoy Towers, Bandra Kurla Complex, Dalal Street, Bandra (E), Mumbai – 400 051. Mumbai – 400 001. NSE Symbol: BHARATWIRE BSE Scrip Code: 539799 Dear Si
Slide 2: Q4FY24/FY24 Earnings Presentation
Q4FY24/FY24 Earnings Presentation Bharat Wire Ropes Ltd. “Engineering Excellence”
Slide 3: Company Snapshot
Company Snapshot One of the largest manufacturer of Manufacturing capability of Steel Wires, Steel Wire Ropes in India Strands, Slings and Wire Ropes with over thousands of varieties Management with combined Integrated state-of-the-art wire rope plants experience of over three decades with a Total M
Slide 4: Key Drivers for Bottomline
Key Drivers for Bottomline Optimization Of Focus on Value Major Costs Added products Reduction in Debt, Interest & Debottlenecking Improved Capacities Liquidity Wider Improved geographical acceptability of penetration BWR products 3
Slide 5: Company Overview
Company Overview • Bharat Wire Ropes Limited (“BWR”) was originally incorporated in the year 1986, and later in 2010, it Revenues (INR Mn) and EBITDA Margins (%) was acquired by Mr. M L Mittal, current promoter and managing director. The company is headquartered in Mumbai, Maharashtra. 6,218 5,891 •
Slide 6: Product Mix
Product Mix Wire Ropes Strands Slings Steel Wire 6-100 MM of various Mechanically Spliced, Hand High carbon steel wires Description Stay Wire, Structural ranging from 0.3mm to 5.5 construction like 6*19, Spliced, Spelter Sockets and 6*36, 8*19, 35*7 etc. Strands and Earth Wire mm upto 2,360 N/mm^2 S
Slide 7: Applications
Applications Oil & Gas Cranes Mining Offshore Marine Elevator Structural Ship Mooring Roof Structure Ropes Industrial Cranes Speed Arresters Transmission Tower Industrial Cranes Offshore Cranes Suspension Bridge Ropes Elevator Ropes Dragline Drag & Hoist Trawl Warps Mobile Lattice Boom Cranes 6
Slide 8: Product Presence in 55+ countries across the Globe
Product Presence in 55+ countries across the Globe Europe Finland Denmark Estonia Canada Poland UK Germany Ukraine Netherland Belgium Bulgaria North America Italy USA Turkey Azerbaijan Spain Nepal Kuwait Egypt Qatar Bangladesh Saudi UAE Asia Oman India Thailand Arabia Africa Singapore Uganda Indones
Slide 9: Strategic Overview
Strategic Overview Catering to a wider customer base on account of its diversified product offering 4 Industrial Promotion Subsidy equivalent to 100% of eligible Efforts been made to focus on productivity and occupy the investments as per SGST for a maximum of INR 4,350 Mn, of maximum number of mach
Slide 10: Financial Overview
Financial Overview
Slide 11: Key Financial & Operational Highlights
Key Financial & Operational Highlights Operational Highlights: Q4-FY21 Financial Q4-FY24 FinancialPerformance Performance 1. Geopolitical disturbances resulted in delayed supplies in Revenue from Q3FY24 and Q4FY24 Operations EBITDA EBITDA Margins INR 1,472 Mn INR 373 Mn 25.34% 2. Increase in FY24 EB
Slide 12: Key Operational Highlights – Q4-FY24
Key Operational Highlights – Q4-FY24 Volume (In MT) Operational Revenue (INR Mn) 11,000 10,689 1,623 10,500 10,050 1,472 10,000 9,500 9,000 8,500 8,000 Q4-FY23 Q4-FY24 Q4-FY23 Q4-FY24 EBITDA (INR Mn) & EBITDA Margin (%) PAT (INR Mn) & PAT Margins (%) 457 373 217 159 26.16% 25.34% 14.74% 9.80% Q4-FY2
Slide 13: Key Operational Highlights – FY24
Key Operational Highlights – FY24 Volume (In MT) Operational Revenue (INR Mn) 41,196 6,218 5,891 38,536 FY23 FY24 FY23 FY24 EBITDA (INR Mn) & EBITDA Margin (%) PAT (INR Mn) & PAT Margins (%) 1,641 26.39% 962 1,388 622 23.56% 15.47% 10.56% FY23 FY24 FY23 FY24 12
Slide 14: Quarterly Financial Performance
Quarterly Financial Performance Particulars (INR Mn) Q4-FY24 Q4-FY23 Y-o-Y Q3-FY24 Q-o-Q Revenue from Operations 1,472 1,623 (9.3)% 1,572 (6.4)% Total Expenses 1,099 1,166 (5.7)% 1,134 (3.1)% EBIDTA 373 457 (18.4)% 438 (14.8)% EBIDTA Margins (%) 25.34% 28.16% (282) Bps 27.86% (252) Bps Depreciation
Slide 15: Yearly Financial Performance
Yearly Financial Performance Particulars (INR Mn) FY24 FY23 Y-o-Y Revenue from Operations 6,218 5,891 5.6% Total Expenses 4,577 4,503 1.6% EBIDTA 1,641 1,388 18.2% EBIDTA Margins (%) 26.39% 23.56% 283 Bps Depreciation and amortisation expenses 212 207 2.4% Finance costs 148 222 (33.3)% Other Income
Slide 16: Historical Income Statement
Historical Income Statement Particulars (INR Mn) FY24 FY23 FY22 FY21 Revenue from Operations 6,218 5,891 4,107 2,502 Total Expenses 4,577 4,503 3,486 2,177 EBIDTA 1,641 1,388 621 325 EBIDTA Margins (%) 26.39% 23.56% 15.12% 12.99% Depreciation and amortisation expenses 212 207 214 217 Finance costs 1
Slide 17: Historical Balance Sheet
Historical Balance Sheet Particulars (INR Mn) FY24 FY23 FY22 Particulars (INR Mn) FY24 FY23 FY22 Equity 6,606 5,602 4,517 Non-Current Assets 4,842 5,069 5,583 (a) Equity Share Capital 680 679 638 (a) Property, Plant and Equipment 4,750 4,809 4,915 (b) Other Equity 5,926 4,923 3,879 (b) Capital Work
Slide 18: Financial Highlights
Financial Highlights Operational Revenue (INR Mn) EBITDA (INR Mn) & EBITDA Margin (%) PAT (INR Mn) & PAT Margins (%) 6,218 5,891 1641 962 1,388 4,107 622 2,502 15.47% 621 23.56% 26.39% 137 10.56% 325 15.12% 3.34% 12.99% FY21 FY22 FY23 FY24 FY21 FY22 FY23 FY24 -6.71% FY21 FY22 FY23 FY24 -168 Total De
Slide 19: Capital Market Data
Capital Market Data Stock Price (Upto 31ST March, 2024) 180% BWR SENSEX 130% 80% 30% -20% Apr-2023 May-2023 Jun-2023 Jul-2023 Aug-2023 Sep-2023 Oct-2023 Nov-2023 Dec-2023 Jan-2024 Feb-2024 Mar-2024 Price Data (As on 31ST March, 2024) INR Shareholding Pattern (As on 31ST March, 2024) Face Value 10.0
Slide 20: Disclaimer
Disclaimer No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Such information and opinions are in all events not current after the d
Slide 21: Thank You
Thank You