Apar Industries Limited · NSE:APARINDS
Apar Industries — Q1 FY24 Earnings Presentation
20 slides from Apar Industries's earnings presentation, Jul 28, 2023
Slide 1: Exchange filing cover letter for Q1 FY24 investor update
SEC/2807/2023 By E-Filing July 28, 2023 National Stock Exchange of India Limited BSE Limited “Exchange Plaza”, Corporate Relations Department, C-1, Block G, Phiroze Jeejeebhoy Towers, Bandra- Kurla Complex, Dalal Street, Bandra (E), Fort, Mumbai – 400 051. Mumbai - 400 001. Scrip Symbol : APARINDS S
Slide 2: Earnings Call Update July 2023
EARNINGS CALL UPDATE July 2023
Slide 3: Q1 FY24: Strong start with revenues up 22% and PAT up 61%
Q1 FY24: Strong start to FY24 with revenues growing 22% and PAT growing 61% Revenue EBITDA PAT 22 YoY 54% YoY 61% YoY INR 3,773 crores INR 369* INR 197 crores crores Margin at 9.8% up 210 bps YoY Margin at 5.2% up 120 bps YoY o Q1 FY24 revenue up 22% YoY with volume-led growth across all divisions S
Slide 4: Conductors: Q1 FY24 highlights
Conductors: Q1 FY24 highlights Revenue Volume EBITDA 15% YOY 27% YOY 108% YOY INR 1,774 crores 45,565 MT INR 177 crores INR 85 crore (Q1 FY23) Margin at 9.9%; 5.5% (Q1 FY23) EBITDA per MT EBITDA post adj* EBITDA* per MT 64% YOY 124% YOY 77% YOY INR 38,740 INR 177 crores INR 38,740 INR 23,670 (Q1 FY2
Slide 5: Speciality Oils & Lubricants: Q1 FY24 highlights
Speciality Oils & Lubricants : Q1 FY24 highlights Revenue Volume EBITDA 13% YOY 13% YOY 34% YOY INR 1,198 crores 1,30,654 KL INR 78 crores INR 118 crores (Q1 FY23) Margin at 6.5%; 11.1% (Q1 FY23) EBITDA per KL EBITDA post adj* EBITDA* per KL 41% YOY 30% YOY 38% YOY INR 5,996 INR 78 crores INR 6,035
Slide 6: Lubricants: Q1 FY24 highlights
Lubricants : Q1 FY24 highlights Revenue Volume 11% YOY 1% YOY INR 241 crores 17,470 KL o Revenue is up by 11% in Q1 FY24 vs Q1 FY23 o Industrial volume is up 13% YoY, Automotive volume is down by 6% YoY o This year Agriculture seasonal demand from both OEMs and retail was weaker than anticipated. o
Slide 7: Cables: Q1 FY24 highlights
Cables : Q1 FY24 highlights Revenue EBITDA EBITDA post adj* 52% YOY 112% YOY 127% YOY INR 967 crores INR 110 crores INR 110 crores INR 52 crores (Q1 FY23) INR 49 crores (Q1 FY23) Margin at 11.3%; 8.1% (Q1 FY23) Margin at 11.4%; 7.6% (Q1 FY23) o Revenue up 52% v/s LY due to increase in Elastomeric pr
Slide 8: Q1 FY24 Division-wise EBITDA to PAT
Q1 FY24 Division-wise EBITDA to PAT Particulars Oil Conductor Cable Others Total EBITDA pre-open period forex (Note 1) 78 177 110 3 368 Open period forex (Note 2) (1) (0) (1) 0 (1) EBIDTA post open period forex 78 177 110 3 369 Finance cost (ex open period forex) (Note 3) 22 27 15 0 65 Unallocable f
Slide 9: Annexures
ANNEXURES
Slide 10: Q1 FY24: Consolidated Profit & Loss Statement
Q1 FY24: Consolidated Profit & Loss Statement Particulars Q1 FY24 Q1 FY23 % Chg YoY Q4 FY23 % Chg QoQ Gross sales 3,741.2 3,083.4 21.3% 4,056.5 (7.8%) Other Operating Income 31.8 9.8 224.5% 32.1 (0.9%) Total Operating Income 3,773.0 3,093.2 22.0% 4,088.6 (7.7%) Total Expenditure 3,426.9 2,855.8 20.0
Slide 11: Q1 FY24: Consolidated Segment Analysis
Q1 FY24: Consolidated Segment Analysis Segments Q1 FY24 Q1 FY23 % Chg YoY Q4 FY23 % Chg QoQ Revenue Conductors 1,774.2 1,548.2 14.6% 2,121.3 (16.4%) Transformer & Specialty Oils 1,198.0 1,063.8 12.6% 1,179.4 1.6% Power & Telecom Cables 966.8 637.8 51.6% 943.0 2.5% Others/Unallocated 28.9 27.7 4.3% 2
Slide 12: Q1 FY24: Consolidated Segment Analysis
Q1 FY24: Consolidated Segment Analysis Segment Q1 FY24 Q1 FY23 % Chg YoY Q4 FY23 % Chg QoQ Segment Results before Interest and Tax Conductors 170.5 77.4 120.3% 275.1 (38.0%) Transformer & Specialty Oils 72.7 112.2 (35.2%) 40.6 79.1% Power and Telecom Cables 101.9 44.4 129.5% 107.1 (4.9%) Others/Unal
Slide 13: Q1 FY24: Financials
Q1 FY24: Financials Key Ratios Q1 FY24 Q1 FY23 Q4 FY23 EBITDA Margin 9.5% 7.8% 10.6% Net Margin 5.2% 4.0% 5.9% Total Expenditure/ Total Net Operating Income 90.8% 92.3% 89.6% Raw Material Cost/ Total Net Operating Income 75.5% 75.6% 72.9% Staff Cost/ Total Net Operating Income 1.7% 1.6% 1.7% Other E
Slide 14: 12M FY23: Consolidated Profit & Loss Statement
12M FY23: Consolidated Profit & Loss Statement Particulars 12M FY23 12M FY22 % Chg YoY Gross sales 14,272.6 9,287.2 53.7% Other Operating Income 79.5 29.4 170.4% Total Operating Income 14,352.2 9,316.6 54.0% Total Expenditure 13,125.2 8,768.7 49.7% Cost of Raw Materials 10,708.8 7,207.8 48.6% Employ
Slide 15: 12M FY23: Consolidated Segment Analysis
12M FY23: Consolidated Segment Analysis Segment 12M FY23 12M FY22 % Chg YoY Revenue Conductors 7,013.1 4,200.4 67.0% Transformer & Specialty Oils 4,656.7 3,544.2 31.4% Power & Telecom Cables 3,263.5 1,993.7 63.7% Others/Unallocated 107.3 73.0 47.0% Total Revenue 15,040.5 9,811.4 53.3% Less: Inter -
Slide 16: 12M FY23: Consolidated Segment Analysis
12M FY23: Consolidated Segment Analysis Segment 12M FY23 12M FY22 % Chg YoY Segment Results before Interest and Tax Conductors 682.5 162.8 319.2% Transformer & Specialty Oils 225.0 267.6 (15.9%) Power and Telecom Cables 316.8 79.8 297.0% Others/Unallocated 6.8 4.5 51.1% Total 1,231.2 514.6 139.2% Le
Slide 17: 12M FY23: Financials
12M FY23: Financials Key Ratios 12M FY23 12M FY22 EBITDA Margin 8.8% 6.2% Net Margin 4.4% 2.8% Total Expenditure/ Total Net Operating Income 91.5% 94.1% Raw Material Cost/ Total Net Operating Income 74.6% 77.4% Staff Cost/ Total Net Operating Income 1.5% 1.9% Other Expenditure/ Total Net Operating I
Slide 18: Shareholding Pattern
SHAREHOLDING PATTERN
Slide 19: Market performance and shareholding structure
Market performance and shareholding structure APAR has been consistently outperforming market 470 257% 370 270 170 56% 22% 70 Apar Capital Goods Sensex Chart has been rebased to 100 As on June 30, 2023 Outstanding shares – 3,82,68,619 12.8% Major Non-Promoter Shareholders Shareholding (%) 1.1% Promo
Slide 20: Thank You
For Institutional enquiries Mr. Ambesh Tiwari Mr. Ramesh Iyer Contact No : +91 84248 93404 CFO & Investor Relations E-mail – ambesh@s-ancial.com Contact No : +91 22 67800400 #215, Shiv Shakti Industrial Estate, 2nd Floor, E-mail – ramesh.iyer@apar.com J R Boricha Marg, Lower Parel, Mumbai - 400011 F