Hi-tech Pipes Ltd. · NSE:HITECH
Hi-tech Pipes — H1 FY2023 Earnings Presentation
37 slides from Hi-tech Pipes's earnings presentation, Nov 14, 2022
Slide 1: Slide 1
Slide 2: Investor Presentation H1FY23
Investor Presentation H1LFY23 NOVEMBER 2022 Assure sustainability Be the reliable partner of environment See 6 a
Slide 3: Safe Harbour
Safe Harbour This presentation and the accompanying slides (the “Presentation”), which have been prepared by Hi-Tech Pipes Ltd. (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securitie
Slide 4: Table of Content
Table of Content • Financial and Operational Highlights • Company Overview • New Initiatives • Strategic Focus & Future Prospects • Historical Financial Performance • Team Hi-Tech
Slide 5: H1FY23 Highlights
H1FY23 Highlights Revenue (Rs Crore) EBITDA (Rs Crore) PAT (Rs Crore) +32.07% -9.17% -53.43% 18.94 1114.70 45.58 844.05 41.4 8.82 H1FY22 H1FY22 H1FY22 H1FY23 H1FY23 H1FY23 Sales Volume (MT) EBITDA Per MT (Rs) -26.77% +24.04% 3605 156857 2640 126456 H1FY22 H1FY22 H1FY23 H1FY23
Slide 6: Q2FY23 Highlights
Q2FY23 Highlights Revenue (Rs Crore) PAT (Rs Crore) EBITDA (Rs Crore) -2.72% +29.89% -56.72% 24.23 23.57 598.52 10.05 460.79 4.35 Q2FY22 Q2FY22 Q2FY22 Q2FY23 Q2FY23 Q2FY23 Sales Volume (MT) EBITDA Per MT (Rs) -26.24% +32.02% 3742 85500 2760 64765 Q2FY22 Q2FY22 Q2FY23 Q2FY23
Slide 7: Consolidated Profitability Highlights – H1 & Q2 FY23
Consolidated Profitability Highlights – H1 & Q2 FY23 Particulars (Rs crore) Q2 FY23 Q2 FY22 Y-o-Y % Q1 FY23 Q-o-Q % H1 FY23 H1 FY22 Y-o-Y % FY22 Total Income from 598.52 460.79 29.89% 516.17 15.95% 1114.70 844.05 32.07 % 1878.85 Operations Raw Materials 549.19 414.83 32.39 % 476.43 15.27% 1025.63 76
Slide 8: Balance Sheet Highlights – H1 & Q2 FY23
Balance Sheet Highlights – H1 & Q2 FY23 Particulars (Rs. Lakhs) Consolidated Particulars (Rs. Lakhs) Consolidated As at Sept 30, As at March 31, As at Sept 30, As at March 2022 2022 2022 31, Unaudited Audited 2022 II. Equity & Liabilities Unaudited Audited (1) Shareholder's Funds I. ASSETS (a) Equit
Slide 9: Cash Flow Highlights – H1FY23
Cash Flow Highlights – H1FY23 Consolidated For the year Standalone For the year ended ended PARTICULARS 30.09.2022 31.03.2022 30.09.2022 31.03.2022 NET CASH FLOW FROM THE A. OPERATING ACTIVITIES 9371.14 949.99 4380.48 1189.07 NET CASH FLOW FROM B. INVESTMENT ACTIVITIES (2135.27) (4608.83) (1888.45)
Slide 10: Operational Highlights
OPERATIONAL HIGHLIGHTS The Company has commenced the Trial Run of COLOR COATING LINE at its SKD Facility under the brand name “Hi-Tech Color Star” -Value Added Product. Revenue from operations grown by 32% to Rs.1114.70 Crore as compared to Rs. 844.05 Crore in H1 FY22 and by 30% to Rs. 598 Crore to
Slide 11: Company Overview
COMPANY OVERVIEW 2019-2021 Started Colled Rolling 2012-2016 expansion project for wider product of HRoP, Sikanderabad Unit –II CRCA, CRFH, GPGC facility commenced for Commenced Khopoli, manufacture ‘Steel Maharashtra facility of Tubes & Hollow 80,000 MTPA – Unit V Sections’ Started commercial produc
Slide 12: Strategic Locations for a Pan-India Presence and Distribution
…with Strategic Locations for a Pan-India Presence and Distribution Encompassing 580,000 MTPA of production ambience and a strong network of 400+ Dealers & Distributors Pan India Plant Location Capacity (MTPA) Product Portfolio MS Steel Pipes, Hollow Sections, GI Pipes, Cold Sikandrabad, UP 2,55,000
Slide 13: Continued Investment in Building Competencies to Cater to Demand
Continued Investment in Building Competencies to Cater to Demand… Enhancing Capacities Year-on-Year (Metric Tonnes per Annum) One of the India’s leading manufacturer of Steel Pipes with presence in more than 5,000 retail stores 5,80,000 Continuously enhancing manufacturing capabilities while diversi
Slide 14: Our Manufacturing Facilities
Our Manufacturing Facilities Sikandrabad, Uttar Pradesh Unit-1 Sikandrabad, Uttar Pradesh Unit-2 Hindupur, Andhra Pradesh Khopoli, Maharashtra Sanand, Gujarat
Slide 15: Hi-Tech Pipes | Capabilities Built So Far
Hi-Tech Pipes | Capabilities Built So Far… Built Core Installed Capacity Diversified Presence Business Experience Employees Strength 5,80,000 MTPA 5 Plants across 4 states 35+ years ~1,150+ Strong Dealers & Distributors SKUs Contractor Consumers OEM Customers Distribution 400+ 590+ 100+ 160+ Credit
Slide 16: Steel Pipes and Tubes
Widening and Deepening the Product Range for Diversified Applications Coated Products Flat Steel GP COILS GC SHEETS Cold Rolled Coils Cold Rolled Strips Color Coated Coils Metal Beam ERW & GI/GP Steel Tubes & Pipes Steel Pipes and Tubes MS Steel Pipes Steel Hollow Section Galvanised Steel Tube Solar
Slide 17: Products and Applications
Product: GI Pipes Product: MS & GI Pipes Product: Large Dia Hollow Section Product: MS & GI Casing Pipes Application: Borewell, Application: Fire Safety - Buildings Application: Infra, Airport, Metro Application: Borewell Water, Agriculture Station Product: GI Pipes Product: Large D Hollow Section P
Slide 18: Update on Colour Coated Sheet Project
Update on Colour Coated Sheet Project (HI-TECH PIPES LIMITED HAS BECOME 3RD PLAYER IN NORTH INDIA HAVING FULLY INTEGRATED FACILITY FOR MANUFACTURING FROM HR COIL TO COLOR COATED COIL)
Slide 19: Update on Colour Coated Coil Project
Update on Colour Coated Coil Project- Commenced the Trial Run of Color Coating Line KEY FEATURES: • Forward integration to our existing Cold Rolling and Continuous Galvanizing Line facility • Value Added Product for the Company • Increase in overall capacity utilization of existing facilities • Enha
Slide 20: Applications of Colour Coated Sheets
APPLICATIONS OF COLOUR COATED SHEETS - Industrial Roofing - Garages - Garden Building - Construction Backyard - Household Roof Top
Slide 21: Our Color Coating Line Facility at SKD
OUR COLOR COATING LINE FACILITY AT SKD.
Slide 22: Large Dia Pipe Mill, Makhiyav
Hi-Tech Pipes- Large Dia Pipe Mill, Makhiyav The Company is commissioning the Large Dia Pipes Project at its strategic location of Makhiyav, Sanand. KEY FEATURES OF THE PROJECT: Green Field setup at Makhiyav, Sanand, Ahmedabad mainly to Cater West India and Export Market. Entry into Large Dia segmen
Slide 23: Applications of Large Dia Pipe Project
LDP/3LPE/API PROJECT AT MAKHIYAV, GUJARAT – “APPLICATIONS OF PROJECT” Water Transmission City Gas Distribution Oil Distribution Construction Sector Mechanical Engineering Energy Chemical & Petrochemical
Slide 24: Social Media Campaign Update
Social Media Campaign Update ACTIVE LINKS OF SOCIAL MEDIA PLATFORMS OF HI-TECH PIPES https://instagram.com/hitechpipesofficial?igshid= YmMyMTA2M2Y= https://www.facebook.com/hitechpipesind ia/ https://youtube.com/channel/UCg3lYD8G4 gvBuQGD1wkesDw https://www.linkedin.com/company/hi- tech-pipes-offici
Slide 25: Huge Opportunity in the Indian Steel Pipes & Tubes Industry
Strategic Focus & Future Prospects Huge Opportunity in the Indian Steel Pipes & Tubes Industry Indian Steel Pipes & Tubes Industry Per Capita Consumption (Kgs) - Steel 568 • Market Size: ~Rs 500 billion (~8% of total domestic steel market) • Total Domestic Consumption: ~8.5 million tonnes (FY21) • G
Slide 26: Huge demand from various sectors aided by Government Schemes
Huge demand from various sectors aided by Government Schemes Infrastructure & Housing Defence Urban development program – Smart cities, Amrut Scheme, Major application of Structural Steel in the manufacturing of Hriday, National Infrastructure Pipeline (NIP) equipments for Indian Defence Forces
Slide 27: Big Push on demand recovery backed by Government Capex revival
Big Push on demand recovery backed by Government Capex revival Indian government to incur capex of Rs 111 lakh crore for infrastructure development • 24% of this will go towards Energy sector, a big demand driver of steel under NIP (National Infrastructure Pipeline) over FY20-25E pipes and tubes • M
Slide 28: Focus on New Value Added Products, Strengthening Distribution Network
Focus Focus on newValue on New value-added products, Added products, Strengthening Strengthening Distribution Distribution Network Network Focus on expanding share of value-added products With recent capacity expansions, strengthening our base in the Western & Southern market Expanding Value-Add
Slide 29: Key Performance Highlights
HISTORIC FINANCIAL PERFORMANCE Key Performance Highlights Volume (‘000 MT) EBITDA Per Metric Ton 283.20 3,634 269.00 271.20 277.00 226.00 2,661 2,789 2,611 2,091 FY18 FY18 FY19 FY19 FY20 FY20 FY21 FY21 FY22 FY22 EBITDA/ton improved sharply in FY22 led by improvement in sales realization; Increase in
Slide 30: Key Performance Highlights Continued
Key Performance Highlights Continued….. Revenue EBITDA & EBITDA Margin % 1878.85 5.3% 5.5% 1360.00 5.9% 4.9% 5.3% 100.52 1016.00 1209.60 1340.60 60.1 74.8 59.2 70.8 FY18 FY19 FY18 FY19 FY20 FY20 FY21 FY21 FY22 FY22 PAT & PAT Margin % Networth 2.15% 258.6 2.1% 1.6% 1.7% 1.7% 40.3 173.6 205.2 27.5 146
Slide 31: Key Financial Ratios
Key Financial Ratios Debt/ Equity (x) EPS (Rs.) 2.24 1.76 33.77 1.7 1.45 1.42 25.79 20.39 18.85 20.85 FY18 FY19 FY20 FY18 FY19 FY21 FY20 FY22 FY21 FY22 Return on Capital Employed % Return on Equity % 19% 18.70% 22.10% 20.80% 16.20% 12.30% 13% 17.41 12.70% 12% FY18 FY18 FY19 FY19 FY20 FY20 FY21 FY21
Slide 32: Consolidated P&L – Last 5 Years
Consolidated P&L – Last 5 Years Particulars (Rs crore) FY18 FY19 FY20 FY21 FY22 Total Income from 1,015.7 1,360.4 1,209.6 1,340.6 1878.84 Operations Raw Materials 913.3 1,236.4 1,095.4 1,210.2 1699.28 Employee Cost 12.1 13.7 17.8 18.8 21.98 Other Cost 30.1 35.6 37.2 40.8 57.07 EBITDA 60.1 74.8 59.2
Slide 33: Historical Consolidated Balance Sheet
Historical Consolidated Balance Sheet Mar- Mar- Mar- Mar- Mar- Mar- Mar- Mar- Particulars (Rs crore) Particulars (Rs crore) 19 20 21 22 19 20 21 22 Equity 146.8 173.6 205.2 258.61 Non-current Assets 177.4 209.0 241.8 278.95 Equity Share Capital 10.7 10.9 11.2 12.27 Property, Plant and 169.1 173.0 20
Slide 34: Team HI-TECH: Board of Directors
Team HI-TECH: Board of Directors Mr. Anish Bansal Mr. Ajay Kumar Bansal Whole-Time Director Chairman & Managing Director B.Sc. (Economics ) in Banking & Finance graduate from An Industry stalwart with over 37 years of experience the Cardiff University, England, with over 13 years of in the steel
Slide 35: Marquee Projects and Marquee Clients
…Leading to Long Standing Relationships with Marquee Clientele.. Marquee Clients Marquee Projects which used Hi-Tech Products Crash Barrier at Curtain Walling Structure at Toll Plaza at Fire Fighting Pipes at Grandstand Roofing at Yamuna Expressway Mumbai Int’l Airport Bandra-Worli Sea Link Seven Hi
Slide 36: Validated by Quality Certifications and Client Awards
…Validated by Quality Certifications and Client Awards CERTIFICATE EXEMPLARY DNV OF GROWTH & BUSINESS RECOGNITIO ASSURANCE INNOVATION N AWARD CERTIFICATE PERFORMANCE MINISTRY OF SUPER SME EXCELLENCE AWARD COMMERCE MINISRY OF STEEL, INDUSTRY GOVERNMENT OF INDIA BEST COMPANY OF THE YEAR AWARD AMONG TO
Slide 37: For Further Information, Please Contact
For Further Information, Please Contact: Mr. Anish Bansal, Whole Time Director Arun Kumar, CS & Compliance Officer info@hitechpipes.in cs@hitechpipes.in For more details please visit www.hitechpipes.in