Lloyds Engineering Works Ltd · NSE:LLOYDSENGG
Lloyds Engineering Works — Q3 FY2024 Earnings Presentation
37 slides from Lloyds Engineering Works's earnings presentation, January 2024
Slide 1: Exchange filing cover letter: Earnings/Investors Presentation
± www.lloydsengg.in © CIN: L28900MH1994PLC081235 LLOYD S ENG IN EERIN G W ORKS LIM ITED * infoengg@lloyds.in (Formerly known as Lloyds Steels Industries Limited) RS/LLOYDSENGG/BSEL-NSEL/2024/257 Date: 23.01.2024 The Department of Corporate The National Stock Exchange of India Services, Limited BSE L
Slide 2: Lloyds Engineering Works Ltd (LEWL) Investor Presentation January 2024
LLOYDS ENGINEERING WORKS LTD (LEWL) Investor Presentation January 2024
Slide 3: Disclaimer
Disclaimer The information contained herein has been prepared by Lloyds Engineering Works Ltd.(LEWL”) relying on information obtained from sources believed to be reliable but LEWL does not guarantee the accuracy or completeness of such information. Except for statements of historical facts, the info
Slide 4: Contents
Contents . Quarterly Results About Us Business Overview Investment Thesis Financials & Shareholding
Slide 5: Q3 & 9MFY24
-' a : Q3 & IMFY24
Slide 6: Q3 & 9MFY24 - Snapshot
Q3 & 9MFY24- Snapshot Highest Ever Quarterly Revenue up 214% YoY EBITDA up by 79% YoY Revenue at ₹201 cr for 9MFY24 at ₹436cr for 9MFY24 at ₹79 cr Order book grown by Robust PAT up by 93% YoY at 55% YoY for 9MFY24 Pipeline/enquiries for ₹59 cr for 9MFY24 to ₹746 cr Orders of ₹450 cr Area under Marin
Slide 7: Q3FY24 & 9MFY24 – Result Highlights
Q3FY24 & 9MFY24 – Result Highlights ₹ Crores Revenue EBITDA PAT 36.9 27.1 201.4 245% 76% 112% YoY YoY YoY 21.0 12.8 58.4 Q3FY23 Q3FY24 Q3FY23 Q3FY24 Q3FY23 Q3FY24 78.7 58.7 93% 436.3 214% 79% YoY YoY YoY # 43.9 30.4 138.8 9MFY23 9MFY24 9MFY23 9MFY24 9MFY23 9MFY24 #Excliuding Exceptional item (loss):
Slide 8: Few project/product deliveries- 9MFY24
Few project/product deliveries- 9MFY24 7
Slide 9: Key Highlights
Key Highlights Q3FY24 reported its best quarterly Revenue; it exhibited a growth of 245% YoY, backed by solid execution of orders. Strong order inflows coupled with swift execution helped the company to report such robust growth. 9MFY24 revenue growth was 214% YoY. EBITDA for Q3FY24 grew to ₹36.9 cr
Slide 10: Key Highlights: Two Technological Tie-ups
Key Highlights Tw o Te ch n o lo g ica l Tie -u p s The company has firmed up various technological tie-ups in the likes of: i) A Memorandum of Understanding (MOU) with The Material Works, Ltd. (TMW) for the transfer of cutting-edge and environmentally friendly technology, Eco Pickled Surface (EPS G
Slide 11: Management Commentary
Management Commentary Mr Mukesh Gupta, the Chairman, commented on 9MFY24’s performance: “We are pleased to share the exceptional achievements of our company in Q3 and 9M FY24, representing a transformative phase in our journey. We are proud to announce that we have achieved the highest quarterly rev
Slide 12: Q3 & 9MFY24 – Profit & Loss (standalone)
Q3 & 9MFY24 – Profit & Loss (standalone) Particulars (₹ crores) Q3FY24 Q3FY23 YoY Q2FY24 QoQ 9MFY24 9MFY23 YoY Revenue 201.4 58.4 245% 121.8 65% 436.3 138.8 214% Other Income 1.2 1.1 9% 1.4 -14% 4.5 4.5 0% RM consumed incl WIP 128.4 15.3 739% 69.3 85% 271.1 45 502% Employee 8.1 5.4 50% 7 16% 22.2 13
Slide 13: Balance Sheet
Balance Sheet Particulars (₹ Crores) FY23 H1FY24 Fixed Assets 27.07 20.66 Capital Work In Progress 25.55 27.40 Goodwill 0.96 0.96 Right To Use 5.30 16.41 Other Assets 3.28 19.13 Sub-Total Non Current Assets 62.17 84.56 Inventories 114.58 191.63 Trade Receivables 29.09 35.40 Cash & Cash Equivalents 8
Slide 14: About Us
LLOYDS ENGINEERING WORKS
Slide 15: About Us: Providing Innovated Industrial Solutions
About Us Providing Innovated Industrial Solutions A Product Engineering Solutions company We have developed a host of capabilities to deliver The e ngine e ring b usine ss was starte d by its superior and customised solutions to our client op e rations in 1974 and is a com p le te Proce ss p lant e
Slide 16: Sector Variegation- Catering to diversified sectors
Sector Variegation- Catering to diversified sectors Partnering to bridge the gap in the nation’s infrastructure needs with our sustainable & efficient business model Hydrocarbon Steel Ports, Jetties& Power Nuclear Marine /Navy Refineries Fabrication of Manufacturing Design, Manufacturing LEWL is reg
Slide 17: Business Overview
Bu s in e s s Ov e r v ie w
Slide 18: Our Forces – Unified and Client-Centric approach
Our Forces – Unified and Client-Centric approach Playing on Strengths to deliver robust output in the most efficient manner Single Location Manufacturing Five Decades of Experience The company has its state-of-the-Art Enriched experienced has facilities located in Murbad, Thane. All established Bran
Slide 19: Strategic Plant Location
Strategic Plant Location All workshops being adjacent to each other brings in the logistic advantage. The single location of the plant with all workshops adjacent to each other helps in better absorption Shop A of Overhead costs Shop B & C A centralised Raw Murbad, Thane Material procurement system
Slide 20: Multi Product offerings – Product portfolio across Multiple Sectors
Multi Product offerings – Product portfolio across Multiple Sectors Order Book (Sector-Wise) Boilers / Hydrocarbons Ports, jetties/ As of 31st Dec 2023 Power/ / Dryers/ Steel Plant marine/ Chemicals Refineries Equipment POWER Defence 30% STEEL 40% HYDRO CARBON 12% CIVIL DEFENCE MARINE/PORT 16% 1% 1%
Slide 21: Our Offerings and Solutions: Pressure Vessels, Column
Our Offerings and Solutions Pressure Vessels Column 20
Slide 22: Our Offerings and Solutions: Heat Exchangers, Air/Gas Drying Systems
Our Offerings and Solutions Heat Exchangers Air/Gas Drying Systems 21
Slide 23: Our Offerings and Solutions: Boilers, Steel Plants Equipment
Our Offerings and Solutions Boilers Steel Plants Equipment 22
Slide 24: Broad-Based Clientele
Broad-Based Clientele i LLouns mass ] TOTAL SS aa a BNBEC . DITYA BIRLA GROUP B&O Al “om oe TATA PROJECTS LIMITED AM/NS INDIA WELSPUN SMS © group VY IndianOil ale Petrofac
Slide 25: Certifications & Approvals
Certifications & Approvals 24
Slide 26: More than Four Decades of Experience
More than Four Decades of Experience Mr Shree Krishna Gupta Shri. Mukesh R. Gupta Executive Vice President Chairman & Whole Time Director Krishna has great experience as an entrepreneur and A Commerce Graduate and successful Industrialist has successfully started and created two brands in very havin
Slide 27: Investing in Lloyds Engineering Works
In v e s t in g in Llo y d s En g in e e r in g Wo r k s
Slide 28: Sustainability, Profitability and Quality of Growth
Investing in Lloyds Engineering Works: Sustainability, Profitability and Quality of Growth Profitable Sustainable Equitable Building large capacities to pave the way Capacity for future growth Its 14.9x of FY22 & 2.4x of FY23 Sales. Order Book The order book has grown 55% YoY. The company’s Debt: eq
Slide 29: Robust Order Book – A Growth Driver
Robust Order Book – A Growth Driver Order Book Movement (₹ Crores) With a larger base of the Efficient Execution order book to begin FY24; the roadmap is relatively steady to deliver higher growth in the coming years. The company plans to 745.9 systematically grow to build over the more extensive ba
Slide 30: Order Book Status
Order Book Status Order Book -April 2023 New Orders – 9MFY24 Order Book –Dec 2023 ₹683 cr ₹484 cr ₹746 cr 224.6 270.2 POWER 191.9 231.5 STEEL 83.4 30% POWER STEEL 56% POWER 298.7 28% 34% 17% STEEL 40% 100.8 91.4 HYDRO 23.2 HYDRO CARBON HYDRO CARBON 15% CARBON 12% 5% 9.4 140.8 23.4 6.2 7.9 117.1 2.9
Slide 31: Capex: New Manufacturing Capacities
New Manufacturing Capacities – To support increasing order book & Future growth LEWL has already begun enhancing its capacities. LEWL has already spent ₹40 cr in FY23 Plans to further spent ₹50 crore during FY24 for capcity enhancement. Capacity expansion of ~2x underway, thus providing soli
Slide 32: Industry Tailwinds – Long-term Play on Structural growth story
Industry Tailwinds – Long-term Play on Structural growth story National Infrastructure Pipeline to unleash mega Capex : On a structural upswing (₹ trn) opportunities (Fy20-25) 23 21 ₹ 36.66 trn Ports, Roads, railways 18.9 sector 14.6 16 12.7 14.5 ₹ 26.90 trn Energy & Power sector Industrial & Other
Slide 33: Value Creation
Aiming towards higher returns… To be established as an advanced and critical equipment manufacturing company, giving 2030 complete solutions to various industries in a customised manner Building Technological Bandwith to get into new sectors • Strong Pipeline to its Robust Value Creation Delivering
Slide 34: Financials
Fin a n cia ls
Slide 35: Financials At a Glance
Financials At a Glance Annual Revenue EBITDA & PAT Return Ratios (%) ₹ Crores 312.6 23.02 58.0 19.01 36.8 114.5 8.37 70.1 14.5 50.1 4.39 4.5 2.9 5.4 6.0 2.5 3.1 9.7 0.5 1.28 0.93 FY19 FY20 FY21 FY22 FY23 FY21 FY22 FY23 FY19 FY20 FY21 FY22 FY23 EBITDA PAT RoCE RoE Quarterly Revenue EBITDA PAT 36.9 27
Slide 36: Shareholding Structure
Shareholding Structure Price Movement (₹) Shareholding as of 31st Dec 2023 (%) 60 50 40 Public, 40.22% 30 Promoters, 20 59.78% 10 0 Jul-21 Jul-22 Jul-23 Jun-21 Jun-22 Jun-23 Nov-21 Nov-22 Nov-23 Apr-21 May-21 Apr-22 May-22 Apr-23 May-23 Aug-21 Aug-22 Aug-23 Jan-21 Feb-21 Mar-21 Sep-21 Dec-21 Jan-22
Slide 37: Thank You
Thank You lloyds_ir@lloyds.in www.lloydsengg.in +91 9892183389
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