Cords Cable Industries Limited · NSE:CORDSCABLE
Cords Cable Industries — Q2 FY20 Earnings Presentation
32 slides from Cords Cable Industries's earnings presentation, Dec 6, 2019
Slide 1: Cover letter to stock exchanges
C@RDS” CORDS CABLE INDUSTRIES LTD. REGD. OFFICE : 94, 1st Floor, Shambhu Dayal Bagh Marg, Near Okhla Industrial Area Phase-lil, Old Ishwar Nagar, New Delhi - 110020 Tel : +91-11-40551200 ; Fax : +91-11-40551281 Website : www.cordscable.com ; Email : ccil@cordscable.com CIN’: L74999DL1991 PLC046092 D
Slide 2: Investor Presentation November 2019
Ol IDEAL CONNECTION Investor Presentation November 2019
Slide 3: Safe Harbor
Safe Harbor Ol IDEAL CONNECTION Vv A This presentation and the accompanying slides (the “Presentation”), which have been prepared by Cords Cable Industries Limite (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purc
Slide 4: Strong Overall Performance in H1FY20
Strong Overall Performance in H1FY20 He IDeA connecTon A \ Revenues EBITDA \. \ X2 10 Crores tT 10% YoY — <x? 1 e 1 crores 15% YoY ° EBITDA Margin PAT ; 10% tT 40 bps <3 oO Crores tT 22% YoY 1 I © I PAT Margin Order Book 1.8% tT... ~X148 .....; ; ‘ y N , mm meme eee eee eee = *
Slide 5: Q2FY20 Financial Performance
Q2FY20 Financial Performance CORDS Vv at. —~ en nt tt J J a me ay, Revenue (Rs. Crs.) EBITDA (Rs. Crs.) po So ‘oo ot ot —(1%) —> 99.2 a 100.4 6%), 9.8 Q2FY19 Q2FY20 Q2FY19 Q2FY20 eo! EBITDA Margin % PAT (Rs. Crs.) ——— py a See __ 1.8 9.8% Q2FY19 Q2FY20 Q2FY19 Q2FY20
Slide 6: H1FY20 Financial Performance
H1FY20 Financial Performance CORDS at. —~ en nt tt J J a me ay, Revenue (Rs. Crs.) EBITDA (Rs. Crs.) po So ‘oo ot ot $0). 6), 190.8 18.3 H1FY19 H1FY20 H1FY19 H1FY20 eo! EBITDA Margin % PAT (Rs. Crs.) ——— py a See <> __ iy 9.6% 10.0% 3.1 H1FY19 H1FY20 H1FY19 H1FY20
Slide 7: Q2FY20 Profit & Loss Statement
Q2FY20 Profit & Loss Statement CORDS Vv at. —~ Particulars (Rs. Crs.) Q2 FY20 Q2 FY19 H1 FY20 H1 FY19 Revenue 100.4 99.2 210.3 190.8 Direct Expenses Employee Expenses Other Expenses a=] DA EBITDA Margin Other Income Depreciation aod EBIT Margin Finance costs PBT Tax AN PAT Margin
Slide 8: Balance Sheet
CQRDS QRDS Balance Sheet Vv at. —~ Particulars (Rs. Crs.) Sep-19 Mar-19 Particulars (Rs. Crs.) Mar-19 ASSETS EQUITY & LIABILITIES Non-current assets 99.1 97.9 Sens Define Equity Share capital 12.9 12.9 Property, plant and equipment 97.4 96.4 Other equity 125.5 121.7 Security Deposit 1.6 1.5 Non-curr
Slide 9: Cash Flow Statement
Cash Flow Statement CORDS Vv A Cash Flow Statement (Rs. Crs.) H1 FY20 H1 FY19 Profit Before Tax 6.4 4.8 Adjustments for Depreciation and Non-Cash Items 15.1 13.6 Operating profit before working capital changes 21.5 18.4 Changes in working capital 1.0 -18.5 Cash generated from operations 22.5 -0.2 In
Slide 10: Debt Profile
Debt Profile Ol IDEAL CONMECTION Vv at. ™ =4, Total Debt Structure as of 30** Sept-19 a ee Q2FY20 Finance Cost Break up Ne ee oe pe === Cash Credit Interest on Suppliers Bank Discounting Preference Total Interest TermLoan Interest Charges & Dividend Factorinig* mTermLoans mm Working Capital Loans 4“
Slide 11: About the Company
About the Company
Slide 12: A Specialized Control and Instrumentation Cable Company
A Specialized Control and Instrumentation Cable Company O THE IDEAL CONMECTION Vv Cords in a Nutshell 95% of our orders are based on customer specifications 81% of our cables constitute Instrumentation & Control Cables and 19% is Power Cables We have approvals from large public sector as well as pri
Slide 13: Speciality Cables offering Wide Range of Products to Multiple Industries
.. offering Wide Range of Products to Multiple Industries b>». yy at. —~ 7 ~ Fieldbus Cables EPR Cables Special Cables for Oil & Gas Instrumentation Cables Special Cables for Water Desalination Silicon Rubber Cables Thermocouple Fire Survival Cables Control Cables Speciality Cables Low Smoke Halogen
Slide 14: With a Diverse Portfolio of Products
... With a Diverse Portfolio of Products Ol IDEAL CONMECTION Vv at. —~ Application Thermocouple v¥ Used to extend thermocouple circuits from the sensor to (OF) 0) [=15 reference unit Sales Composition Application Y Control Cables: Used in interconnection of process control, Control & Electrical comm
Slide 15: Bringing Constant Innovation
... bringing Constant Innovation CORDS Vv at. —~ Fire retardant low smoke Railway jelly field Quad Cables Cables Field Bus Cables Fire Survival Cables Silicon Rubber Cables EPR Cables Water Desalination Cables Low Temperature Cables Eurobaslise Railway Safety Cables Oil & Gas Cables Low smoke zero H
Slide 16: With Focus on Quality
... with Focus on Quality CORDS Vv at. —~ Consistent Quality check at every stage Garnered a name for Quality Test Labs | Customer Interface | Customer Product Design | Choice of Vendors| Centric Y Customer service Manufacturing Process | Human Resource Y Timely deliveries Development | Customer ser
Slide 17: Experienced Management Team
.. Experienced Management Team Ol IDEAL CONMECTION Vv at. —~ Naveen Sawhney Chairman & MD A Mechanical Engineer and a PG Diploma in Marketing Management. Has an experience of over 45 years in the Cables Industry. His Vast experience, long-term vision, entrepreneurial abilities & strategic planning h
Slide 18: With Strong Core Values
.. with Strong Core Values CORDS L CONNECTION Vv at. —~ @- Honour Commitments = Consistently maintain High Quality Strive for long-term relations and partnerships with customers, vendors and business associates Focus on product-development based on ever-changing needs of our customers ©- Ensure Dign
Slide 19: Long Term Customer Relationship
... Long Term Customer Relationship Ol IDEAL CONMECTION b>». y at. —~ Domestic International ( Over 20 years of Relationship : 1 ( LARSEN & TOUBRO ! ) GADISO m clap dorgauli AS cs) cIq_ial s Saudi Electricity Company ADNOC polio | ciljmaill jrsiol ae eadia ,id jig SBE, stearate = GED BOMBARDIER ze E
Slide 20: State of the Art Manufacturing Facilities
... State of the Art Manufacturing Facilities CORDS b>». yy at. —~ (— Chopanki Unit Chopanki & Kahrani “* Capacity of 30,000 Kms “* Manufactures LV Power, Instrumentation, Control & Speciality cables Rajasthan ._ - Kahrani Unit “* Capacity of 35,000 Kms “¢ Manufactures Control, Instrumentation, Fiel
Slide 21: Certifications & Client Approvals
. Certifications & Client Approvals Ol IDEAL CONMECTION Vv at. —~ Manufacture cables conforming Type Tested by Major Approvals ¢ to International standards such ie as: EN, BS, IEC, VDE Es, Hold BIS certification for all types i , ¢ of cables conforming F* HN cy neey: to 1S:1554(1)/1988 and IS:694-90
Slide 22: Key beneficiary of Modernisation and Upgradation of India
Key beneficiary of Modernisation and Upgradation of India THE IDEAL CONNECTION Renewable Power Freight Corridor Oil & Gas Smart Cities Ferrous & non Ferrous Metals Transmission & Distribution Metro Rail LPG Bottling i) ry be . vs 1} . a } . i; Mtn, ot) vty Pct T sii ret: F . 4 e ” ii . Nuclear & The
Slide 23: With Multiple Growth Drivers across Sectors
.. With Multiple Growth Drivers across Sectors Ol IDEAL CONNECTION Vv \ “~° Oil & Gas ‘ = Increase in safety measures, Replacement and new demand for speciality cables such as fire retardant and control cables to pick up as safety standards increase =» 2018-19 Budget set aside Rs. 87,000 crores for
Slide 24: Dominance to grow beyond the Industry
. Dominance to grow beyond the Industry 0 THE IDEAL CONMECTION Vv at. —~ Indian Wire & Cables industry Sectors Driving Increase in Demand 15.6% CAGR 686 596 518 451 ** Hydrocarbon Sector 392 “* Airport Modernization FY16 FY17 FY18 FY19 FY20E “* Freight Corridor Projects @ Rs. Bn. Speciality Cables a
Slide 25: Supported by Technologically Advanced Facilities
Supported by Technologically Advanced Facilities b>». yy Chopanki Unit Kahrani Unit
Slide 26: With the Capabilities to Double the Production
With the Capabilities to Double the Production O THE IDEAL CONMECTION Vv at. —~ Key initiatives leading to strong = With Cords leadership in Cable Space Industrial growth Low Investment for growth Y Emphasis on Quality v Valued long term Client Relationships Y Current Capacity — 65,000 Kms p.a. ¥ In
Slide 27: Segmental Revenue Highlights
Segmental Revenue Highlights 0 THE IDEAL CONMECTION Vv at. —~ 4 (ee et eo Revenue Contribution , ay Metros & Freight Corridors Hydrocarbons Power Sector Sa ee 8, te = = a 11% 54% 40% FY15 FY16 FY17 FY18 FY19 FY15 FY16 FY17 FY18 FY19 FY15 FY16 FY17 FY18 FY19
Slide 28: Order Book Details
Order Book Details CORDS Vv A eee! mins Order Book Break- Up , FMCG & Industry Sector, 2.7% Fertilizers & Chemicals, Water, 2.0% = Hydrocarbons 2.0% Total Order book of ~Rs. 148 Crores as = Metro & Freight corridors Cement, Met on 30° Sep 2019 = Power =m Cement, Metals Hydrocarbons, 64.4% Order book
Slide 29: Approvals from esteemed clients (1/2)
Approvals from esteemed clients (1/2) Ol IDEAL CONNECTION Vv at. —~ Approved vendor for RDSO (Research Design & Standards Organization) under Government of India — Ministry of Railways = This approval enables the company to offer "Underground Railway Jelly Filled Quad Cable for Signalling & Telecom
Slide 30: Approvals from esteemed clients (2/2)
Approvals from esteemed clients (2/2) Ol IDEAL CONNECTION Vv at. —~ Approval from Abu Dhabi National Approval from Samsung Revalidation of Enlistment from Oil Company [ADNOC] Engineering Co. Ltd. Engineers India Limited (EIL) = Registered & Prequalified with ADNOC = Registered as a Prequalified supp
Slide 31: Consistent Performance over the years
Consistent Performance over the years Ol IDEAL CONMECTION Vv at. —~ J a me ay, By, Revenue (Rs. Crs) EBITDA (Rs. Crs) Sa ee po po ‘oo ot ot me (12%) 416.7 39.2 365.4 323.4 265.0 283.3 FY15 FY16 FY17 FY18 FY19 FY15 FY16 FY17 FY18 FY19 ! PAT (Rs. Crs) | Margins % 10% 10% 10% 10% 9% 1% 1% 2% 2% 2% FY15
Slide 32: Contact details
Ol IDEAL CONMECTION Vv A cC© RDS S G A Strategic Growth Advisors Cords Cable Industries Limited Strategic Growth Advisors Pvt. Limited CIN: L74999DL1991PLC046092 CIN: U74140MH2010PTC204285 Mrs. Garima Pant, Company Secretary Mr. Pratik R. Shah csco@cordscable.com pratik.shah@sgapl.net +91 97692 6076
Cords Cable Industries — Q2 FY20 Earnings Presentation on 6ix