Electrotherm (india) Limited · NSE:ELECTHERM

Electrotherm (india) — Q3 FY2010 Earnings Presentation

20 slides from Electrotherm (india)'s earnings presentation, February 2010

  1. Slide 1: Electrotherm (India) Ltd Investors Update Q3 Dec'09

    Diversified Performance of Global Excellence Electrotherm (India) Ltd Investors Update Q3 Dec‘09 © 2010. All rights reserved. Privileged and confidential information www.arc-fs.com | 0

  2. Slide 2: Key figures Q3 31 December'09

    key figures Q3 31 December’09 st 4,391 693 78 million revenues million EBITDA million net profit +23.0% +33.0% +35.8% growth in revenues growth in EBITDA growth in net profit 15.8% 1.8% EBITDA margin net profit margin Numbers in Indian Rupee © 2010. All rights reserved. Privileged and confidential i

  3. Slide 3: Performance Review

    Performance Review Revenue (INR M) EBITDA (INR M) Net Profit (INR M) 693 78 4,391 3,569 58 521 Q3FY'09 Q3 FY'10 Q3 FY'09 Q3 FY'10 Q3 FY'09 Q3 FY'10  Net Revenues increased by INR 822M from INR 3,569M in Q3 FY’09 to INR 4,391M in Q3 FY’10, growing at 23.0% YoY  Driven primarily due to 55% increase

  4. Slide 4: Consolidated Income Statement (Q3 Dec'09)

    Consolidated Income Statement (Q3 Dec’09) Figures in INR million Q3 FY’09 Q3 FY’10 YoY Growth Total Revenues 3,569 4,391 23.0% Increase (Decrease) in Stock 202 (373) Consumption of Raw materials (2,558) (2,378) Employee Cost (110) (113) Other Expense (582) (834) EBITDA 521 693 33.0% Depreciation & A

  5. Slide 5: Consolidated Income Statement (Q1 – Q3)

    Consolidated Income Statement (Q1 – Q3) Figures in INR million 9M FY’09 9M FY’10 YoY Growth Total Revenues 12,043 13,339 10.8% Increase (Decrease) in Stock 698 64 Consumption of Raw materials (8,833) (8,639) Employee Cost (364) (359) Other Expense (1,772) (2,290) EBITDA 1,772 2,115 19.4% Depreciatio

  6. Slide 6: Revenue Breakdown

    Revenue Breakdown Q3 FY’09 – INR 3,569M Q3 FY’10 – INR 4,391M (3%) (1%) 111 54 (73%) (7%) 320 2,594 (92%) (24%) 864 4,017 Engineering Steel Electric Vehicles Engineering Steel Electric Vehicles 9M FY’09 – INR 12,043M 9M FY’10 – INR 13,339M (3%) (2%) 402 221 Engineering division share declined due to

  7. Slide 7: Consolidated Revenues

    Consolidated Revenues Revenues = INR M 4,785 4,625 4,402 4,546 4,391 3,849 3,569 Q1 FY'09 Q2 FY'09 Q3 FY'09 Q4 FY'09 Q1 FY'10 Q2 FY'10 Q3 FY'10 YoY Growth rate 14.4% (1.7%) 23.0% © 2010. All rights reserved. Privileged and confidential information www.arc-fs.com | 6

  8. Slide 8: Operating Income (EBITDA)

    Operating Income (EBITDA) EBITDA = INR M EBITDA Margin = %age 900 20.0% 18.6% 17.3% 18.0% 800 15.8% 700 15.1% 14.7% 16.0% 13.2% 13.0% 14.0% 600 12.0% 500 10.0% 400 8.0% 300 634 817 670 693 540 6.0% 666 601 200 4.0% 100 2.0% 0 0.0% Q1 FY'09 Q2 FY'09 Q3 FY'09 Q4 FY'09 Q1 FY'10 Q2 FY'10 Q3 FY'10 YoY Gr

  9. Slide 9: Global Steel Consumption

    Global Steel Consumption Apparent Steel Consumption Growth (in %) 18.8 12.1 13.1 8.5 8.6 9.2 8.9 5.0 (8.6) (22.1) (24.4) (29.5) China Russia Brazil World India World Excl China 2009A 2010E © 2010. All rights reserved. Privileged and confidential information www.arc-fs.com | 8

  10. Slide 10: India's Steel Consumption & Production

    India’s Steel Consumption & Production Steel Production vs. Consumption Steel Imports vs. Exports (Metric Tonnes) (Metric Tonnes) 45.98 5.21 4.47 44.11 3.29 42.50 42.43 2.10 Imports Exports Production Apparent Consumption Apr-Dec'08 Apr-Dec'09 Apr-Dec'08 Apr-Dec'09 © 2010. All rights reserved. Privi

  11. Slide 11: Special Steel Segment

    Special Steel Segment Revenues (INR M) EBIT (INR M) 4,014 4,017 487 430 2,594 325 Q3 FY'09 Q2 FY'10 Q3 FY'10 Q3 FY'09 Q2 FY'10 Q3 FY'10  Revenues increased from INR 2,594M in Q3  EBIT increased from INR 325M in Q3 FY’09 to INR FY’09 to INR 4,017M in Q3 FY’10, graphing an 487M in Q3 FY’10, growing

  12. Slide 12: Production – Steel Segment

    Production – Steel Segment Metric Tonnes 59,270 54,159 52,390 53,632 53,621 48,187 25,249 42,668 21,042 19,993 19,399 17,722 17,834 18,267 MS Billets TMT Bars Q1 FY'09 Q2 FY'09 Q3 FY'09 Q4 FY'09 Q1 FY'10 Q2 FY'10 Q3 FY'10 Q1 FY'09 Q2 FY'09 Q3 FY'09 Q4 FY'09 Q1 FY'10 Q2 FY'10 Q3 FY'10 14,636 14,998 1

  13. Slide 13: Engineering & Product Segment

    Engineering & Product Segment Revenues (INR M) EBIT (INR M) 864 428 320 116 47 34 Q3 FY'09 Q2 FY'10 Q3 FY'10 Q3 FY'09 Q2 FY'10 Q3 FY'10  Net Revenues decreased from INR 864M in Q3  EBIT decreased from INR 116M in Q3 FY’09 to INR FY’09 to INR 320M in Q3 FY’10, graphing a 34M in Q3 FY’10, declining

  14. Slide 14: Electric Vehicle Segment

    Electric Vehicle Segment Revenues (INR M) EBIT (INR M) 111 104 3 0 54 (4) Q3 FY'09 Q2 FY'10 Q3 FY'10 Q3 FY'09 Q2 FY'10 Q3 FY"10  Net Revenues decreased from INR 111M in Q3  EBIT declined to negative territory from INR 0.49M in FY’09 to INR 54M in Q3 FY’10, graphing a Q3 FY’09 to INR 4M in Q3 FY’10

  15. Slide 15: Production – Electric Bikes

    Production – Electric Bikes Volume 6,824 3,917 3,636 2,811 2,297 2,295 1,596 Q1 FY09 Q2 FY09 Q3 FY09 Q4 FY09 Q1 FY10 Q2 FY10 Q3 FY10 © 2010. All rights reserved. Privileged and confidential information www.arc-fs.com | 14

  16. Slide 16: Shareholding Pattern … 31 Dec'09

    Shareholding Pattern…31 Dec’09 st %age Shareholding 1.20% 0.09% Shareholder Type No. of Shares 10.43% Promoters 3,853,075 12.09% Mutual Funds 9,800 Financial Institutions 21,275 11.92% FII’s 1,366,666 Body Corporates 3,521,879 33.57% Individuals 1,197,189 Trusts 1,368,333 Others 138,157 30.69% Total

  17. Slide 17: Shareholding Pattern

    Shareholding Pattern Investor Jun’08 Sep’08 Dec’08 Mar’09 Jun’09 Sep’09 Dec’09 Promoters (A) 29.16 32.27 32.27 33.57 33.57 33.57 33.57 Institutional Investors DIIs 1.64 1.53 1.40 0.10 0.09 0.09 0.09 FIIs 12.66 12.11 12.09 12.09 12.09 12.09 12.09 Sub Total (B) 14.30 13.64 13.49 12.19 12.18 12.18 12.1

  18. Slide 18: Outshining the Benchmark Index

    Outshining the Benchmark Index Stock performance 1st Jul’09 – 31st Jan’10 In % Since 1st Jul’09 6 Months 3 Months 2 Months 1 Month Electrotherm 60% 43% 26% 25% 18% BSE Sensex 12% 6% (3%) (3%) (6%) Electrotherm +60% BSE Sensex +12% As of 15th Feb’09 CMP INR 298 EV* (INR M) 14,999 Market Cap (B) INR 3

  19. Slide 19: Thank You

    Reach Us Thank You Bhavesh Jain TapanJindal Electrotherm India Ltd ARC Financial Services bvj@electrotherm.com tapan@arc-fs.com +91 2717 234 553 +91 11 4562 2127 © 2010. All rights reserved. Privileged and confidential information www.arc-fs.com | 18

  20. Slide 20: Disclaimer

    Disclaimer Forward Looking Statements Certain statements in this document with words or phrases such as “will”, “should”, etc., and similar expressions or variation of these expressions or those concerning our future prospects are forward looking statements. Actual results may differ materially from

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