Sterling Tools Limited · NSE:STERTOOLS
Sterling Tools — Q4 FY2024 Earnings Presentation
30 slides from Sterling Tools's earnings presentation, May 11, 2024
Slide 1: Filing cover letter to stock exchanges
STERLING TOOLS LIMITED Cl N : L29222DL 1979PLC009668 WORKS : 5-A DLF Indu strial Estate Faridabad - 121 003 Haryana India Tel : 91 -129-227 0621 to 25/225 5551 to 53 Fax : 91 -129-227 7359 E-mail . st '? rling@ stlfasteners.com website : stlfa steners com B~ NEAPS B~ Listing Centre National Stock Ex
Slide 2: Investor Presentation May 2024
DRIVING TRANSFORMATION, POWERING THE FUTURE Sterling Tools Limited Investor Presentation May 2024
Slide 3: Table of Contents
® TABLE OF CONTENTS . """f. 7' E "f_.. ~·~ STERLING GTAKE E-MOBILITY RELIABLE 8U8TAINA8LE TRANSFORMATIONAL. Page No. 1 Q4 & FY24 Business Highlights 04 2 Financial Highlights 11 3 Historical Financials 16 4 Annexure 20 DRIVING TRANSFORMATION, POWERING THE FUTURE
Slide 4: Safe Harbor Statement
SAFE HARBOR STATEMENT • STERLING GTAKE ~pi' E-MOBILITY RELIABLE. SUSTAINABLE TU,N8FOltMATIONAL This presentation and the accompanying slides (the "Presentation") have been prepared by Sterling Tools Ltd (the "Company") solely for informational purposes and do not constitute an offer, recommendation,
Slide 5: Q4 & FY24 Business Highlights
® • ..,,of_. . ..t,.. "tEII .. • STERLING GTAKE ~pi' E-MOBILITY RELIABLE. SUSTAINABLE. TRANSFORMATIONAL Q STERLING TOOlS ll ITED Q4 & FY24 Business Highlights
Slide 6: Management Commentary
® • .l!i 11 Management Commentary "" . "f _., r • ~ ,E... __________________________________________________________________________________________________ : : STERLING GTAKE E-MOBILITY RELIABLE. SUSTAINA8lE . TUNSFORMAT IONAL. ______________ _ Commenting on the results and performance for Q4 & FY2
Slide 7: Consolidated Financial Highlights
® Consolidated Financial Highlights • .l!i 11 . ,.,."f. )" E'.,.. f_. STERLING GTAKE E-MOBILITY RELIABLE. SUSTAINA8LE . TUNSFORMAT IONAL. Rs. in Crs. Total Income Adjusted EBITDA# 938.5 11.0% 12.0% 12.5% 13.0% 12.4% 774.9 270.2 116.3 REVENUE MIX FY24** 234.0 100.4 212.7 33.8 28.1 23.4 Q4FY23 Q3FY24
Slide 8: Standalone Financial Highlights
® Standalone Financial Highlights • .l!i 11 . ,.,."f. )" E'.,.. f_. STERLING GTAKE E-MOBILITY RELIABLE. SUSTAINA8LE . TUNSFORMAT IONAL. Rs. in Crs. Total Income EBITDA 603.5 613.7 13.3% 14.9% 15.3% 15.3% 14.8% 158.7 167.0 92.3 90.6 142.7 25.6 21.1 21.3 Q4FY23 Q3FY24 Q4FY24 FY23 FY24 Q4FY23 Q3FY24 Q4
Slide 9: Well Diversified Revenue Mix
Well Diversified Revenue Mix • STERLING GTAKE ~pi' E-MOBILITY RELIABLE. SUSTAINA8lE . nANSFORMAT I ONAL. STL (Standalone) SGEM Channel-wise mix End-user segment-wise mix End-user segment-wise mix FY24 FY24 FY24 2% 2% 12% 12% 2% 27% 13% 22% 24% 86% 98% •• OEM Exports •• •• PV 2W Farm Equipment & Off
Slide 10: Continuous Dividend Payout Over The Years
® .l!i 11 Continuous Dividend Payout Over The Years… • "" "f _., ,E... "'l"Etl,.. . STERLING GTAKE E-MOBILITY RELIABLE. SUSTAINA8lE . TUNSFORMAT IONAL. I I --------- -- \ I ,. --- ' --14.7% ,. --- -- ',, ,. --- -- ',, ,. --- ' --18.6% Dividend 12.1% I I I ,, l I l I 17.4% l I ,, l Payout -- - -.- --
Slide 11: Sterling Tools Signs MoU With Yongin Electronics
® Sterling Tools Signs MoU With Yongin Electronics • .l!i 11 . ,.,."f. )" E'.,.. f_. STERLING GTAKE E-MOBILITY RELIABLE. SUSTAINA8LE . TUNSFORMAT IONAL. Sterling Tools Limited (STL) has inked an MoU with South Korea’s Yongin Electronics Co. Ltd. (Yongin), to produce a full range of magnetic componen
Slide 12: Financial Highlights
. . STERLING GTAKE ~p E-MOBILITY RELIABLE. SUSTAINABLE. TRANSFORMATIONAL. FINANCIAL HIGHLIGHTS
Slide 13: Consolidated Profit & Loss Statement
® • .l!i 11 Consolidated Profit & Loss Statement . """f ,t )" E'.,.. f_.. STERLING GTAKE E-MOBILITY RELIABLE. SUSTAINA8LE . TUNSFORMAT IONAL. Rs. in Crs. Particulars Q4FY24 Q4FY23 YoY (%) Q3FY24 QoQ (%) FY24 FY23 YoY (%) Total Income 270.2 212.7 27.0% 234.0 15.4% 938.5 774.9 21.1% Cost of Goods Sold
Slide 14: Consolidated Balance Sheet Statement
® • .l!i 11 Consolidated Balance Sheet Statement . """f ,t )" E'.,.. f_.. STERLING GTAKE E-MOBILITY RELIABLE. SUSTAINA8LE . TUNSFORMAT IONAL. Rs. in Crs. Particulars Mar-24 Mar-23 Particulars Mar-24 Mar-23 EQUITY AND LIABILITIES ASSETS Equity Non-current assets Equity Share Capital 7.2 7.2 Property,
Slide 15: Standalone Profit & Loss Statement
® • .l!i 11 Standalone Profit & Loss Statement . """f ,t )" E'.,.. f_.. STERLING GTAKE E-MOBILITY RELIABLE. SUSTAINA8LE . TUNSFORMAT IONAL. Rs. in Crs. Particulars Q4FY24 Q4FY23 YoY (%) Q3FY24 QoQ (%) FY24 FY23 YoY (%) Total Income 167.0 158.7 5.2% 142.7 17.0% 613.7 603.5 1.7% Cost of Goods Sold 65.
Slide 16: Standalone Balance Sheet Statement
® • .l!i 11 Standalone Balance Sheet Statement . """f ,t )" E'.,.. f_.. STERLING GTAKE E-MOBILITY RELIABLE. SUSTAINA8LE . TUNSFORMAT IONAL. Rs. in Crs. Particulars Mar-24 Mar-23 Particulars Mar-24 Mar-23 EQUITY AND LIABILITIES ASSETS Equity Non-current assets Equity Share Capital 7.2 7.2 Property, P
Slide 17: Historical Financials
e ~~~: ,~TA KE RELIABLE. SUSTAINAB LE. TR ANSFORMA TIONAL. HISTORICAL FINANCIALS
Slide 18: Consolidated Financial Highlights
® Consolidated Financial Highlights • .l!i 11 . ,.,."f. )" E'.,.. f_. STERLING GTAKE E-MOBILITY RELIABLE. SUSTAINA8LE . TUNSFORMAT IONAL. Total Income Rs. in Crs. Adjusted EBITDA# 512.6 774.9 938.5 18.1% 18.1% 13.6% 13.0% 100.4 - 12.4% 116.3 370.5 358.5 67.1 64.8 69.6 FY20 FY21 FY22 FY23 FY24 FY20 F
Slide 19: Standalone Financial Highlights
® Standalone Financial Highlights .l!i 11 • ,.,. "'• .£. l"Etl,.. . STERLING GTAKE E-MOBILITY RELIABLE. SUSTAINA8lE . TUNSFORMAT IONAL. Rs. in Crs. Total Income EBITDA 603.5 613.7 18.2% 18.9% 15.4% 15.3% 14.8% 474.6 92.3 90.6 370.3 358.1 73.3 67.5 67.5 FY20 FY21 FY22 FY23 FY24 FY20 FY21 FY22 FY23 FY
Slide 20: Key Ratios
® Key Ratios • .l!i 11 . ,.,."f. )" E'.,.. f_. STERLING GTAKE E-MOBILITY RELIABLE. SUSTAINA8LE . TUNSFORMAT IONAL. Debt / Equity (x) Current Ratio (x) Networth (Rs. Cr.) Net Fixed Asset Turnover (x) STANDALONE 0.34 2.70 431.6 2.39 0.31 0.31 401.4 2.23 2.25 363.1 2.05 2.01 1.92 308.7 334.6 1.76 0.23
Slide 21: Annexure
® • ..,,of_. . ..t,.. "tEII .. • STERLING GTAKE ~pi' E-MOBILITY RELIABLE. SUSTAINABLE. TRANSFORMATIONAL Q STERLING TOOlS ll ITED ANNEXURE
Slide 22: At A Glance
® • .l!i At A Glance - - - - - - - - - - - - - - - - - . """'•,-at1.•• ~ STERLING GTAKE E-MOBILITY RELIABLE.SUSTAINA8lE . TUN8FORMAT I ONAL. Sterling Tools Limited (STL) is a premier manufacturer _ _ _ _) 1 of cold forged, hi-tensile fasteners and supplies to all major auto OEMs STL’s state of the a
Slide 23: History & Milestones
History & Milestones • STERLING GTAKE ~pi' E-MOBILITY RELIABLE. SUSTAINA8lE . nANSFORMAT I ONAL. 2023 - 2024 ▪ SGEM secured 2020 - 2022 business from 20 customers ▪ Capacity Expansion ▪ Diversification into 1999 - 2019 to 6,00,000 EV Components – units/pa initiated through 100% ▪ Second Plant - Wire
Slide 24: Product Portfolio
® .l!i 11 Product Portfolio • . """f ,t )" E'.,.. f_.. STERLING GTAKE E-MOBILITY RELIABLE. SUSTAINA8LE. TUNSFORMAT IONAL. Quality & Reliability Certified Products Wide Range Applications Competitive Pricing Preferred supplier to OEM [' d • ~~~~~'~TAKE : -Y. t Ii 'ii. f.."° RELIABLE. SUSTAI NABLE. TR
Slide 25: Key Clientele – STL (Standalone)
Key Clientele – STL (Standalone) • STERLING GTAKE ~pi' E-MOBILITY RELIABLE. SUSTAINA8lE . nANSFORMAT I ONAL. ----------------------------------------, I -----------------------------. I Passenger Wheelers ~ Vehicles I I ~~ ! Two MARUTI ~.ii $ SUZUKI Way DI Life! <8> HYUn □ RI - ~ Hero $ SUZUKI : I H
Slide 26: Pan India Presence
Pan India Presence STL (STANDALONE) rru::ui (00000) 4 Manufacturing Plants • Faridabad • Ballabhgarh • Palwal • Bangalore 18 Warehouses at 14 Locations fil fil SGEM fil 1 Manufacturing Plant • Faridabad 2 Tech Centres • Faridabad • Bangalore Note – Maps not to scale. All data, information, and maps
Slide 27: Our Key Strengths
Our Key Strengths • STERLING GTAKE ~pi' E-MOBILITY RELIABLE. SUSTAINA8lE . nANSFORMAT I ONAL. To partner and First Mover Leading player in Sustainable growth Team Credibility explore possible Advantage in EV the automotive and profitability synergies Component fastener segment To explore growth SGEM
Slide 28: Board Of Directors
® • .l!i 11 Board Of Directors . """f ,t )" E'.,.. f_.. STERLING GTAKE E-MOBILITY RELIABLE. SUSTAINA8LE . TUNSFORMAT IONAL. Mr. Anil Aggarwal, Chairman & Whole Time Director Mr. Atul Aggarwal, Managing Director 38+ years of experience, Expertise in 34+ years of experience, Expertise in Marketing, Ma
Slide 29: Annual Results
Annual Results • STERLING GTAKE ~pi' E-MOBILITY RELIABLE. SUSTAINA8lE . nANSFORMAT I ONAL. Financial Year PDF Link FY24 [] FY23 [] FY22 [] FY21 [] FY20 [] DRIVING TRANSFORMATION, POWERING THE FUTURE 28
Slide 30: Contact: STL Group and Investor Relations Advisors
• STERLING GTAKE ~pi' E-MOBILITY RELIABLE. SUSTAINA8lE . nANSFORMATIONAL. For further information, please contact STL Group : Investor Relations Advisors : • Sterling Tools Limited ~pi' E-MOBILITY STERLING GTAKE SGA Strategic Growth Advisors RELIABLE . SUSTAINABLE. TRANSFORMATIONAL. CIN: L29222DL197