Electrotherm (india) Limited · NSE:ELECTHERM
Electrotherm (india) — Q2 FY2010 Earnings Presentation
19 slides from Electrotherm (india)'s earnings presentation, Nov 1, 2009
Slide 1: Investors Update Q2 Sep'09
Investors Update Q2 Sep‘09 1 November 2009 © 2009. All rights reserved. Privileged and confidential information www.arc-fs.com | 0
Slide 2: Key figures Q2 30 September'09
key figures Q2 30 September’09 th 4,546 670 108 million revenues million EBITDA million net profit -1.7% +11.4% -20.5% decline in revenues growth in EBITDA decline in net profit 14.7% 2.4% EBITDA margin net profit margin © 2009. All rights reserved. Privileged and confidential information www.arc-fs
Slide 3: Performance Review
Performance Review Revenue INR MM EBITDA INR MM Net Profit INR MM 670 4,625 4,546 135 601 108 Q2 FY'09 Q2 FY'10 Q2 FY'09 Q2 FY'10 Q2 FY'09 Q2 FY'10 Net Revenues were down by INR 79MM from INR 4,625MM in Q2 FY’09 to INR 4,546MM in Q2 FY’10, graphing a downward trend of 1.7% Driven primarily by re
Slide 4: Consolidated Income Statement (Q2)
Consolidated Income Statement (Q2) Figures in INR million Q2 FY’09 Q2 FY’10 YoY Growth Total Revenues 4,625 4,546 -1.7% Other Operating Income - - Increase (Decrease) in Stock (109) 210 Material Costs (3,022) (3,040) Employee remuneration (139) (122) Other Expense (754) (925) EBITDA 601 670 11.4% De
Slide 5: Consolidated Income Statement (Q1 – Q2)
Consolidated Income Statement (Q1 – Q2) Figures in INR million H1 FY’09 H1 FY’10 YoY Growth Total Revenues 8,474 8,948 5.6% Other Operating Income - - Increase (Decrease) in Stock 496 437 Material Costs (6,276) (6,261) Employee remuneration (254) (246) Other Expense (1,173) (1,391) EBITDA 1,267 1,48
Slide 6: Revenue Breakdown
Revenue Breakdown Q2 FY’09 – INR 4,625 MM Q2 FY’10 – INR 4,546 MM (4%) (2%) 200 104 (68%) (9%) 3,153 (88%) 428 (28%) 4,014 1,272 Engineering Steel Electric Vehicles Engineering Steel Electric Vehicles H1 FY’09 – INR 8,474 MM H1 FY’10 – INR 8,948 MM (3%) (2%) 291 167 (75%) (87%) (12%) 1,040 6,324 (22
Slide 7: Consolidated Revenues
Consolidated Revenues Revenues = INR MM 4,785 4,625 4,402 4,546 3,849 3,569 Q1 FY'09 Q2 FY'09 Q3 FY'09 Q4 FY'09 Q1 FY'10 Q2 FY'10 © 2009. All rights reserved. Privileged and confidential information www.arc-fs.com | 6
Slide 8: Operating Income (EBITDA)
Operating Income (EBITDA) EBITDA = INR MM EBITDA Margin = %age 900 20% 19% 17% 18% 800 700 15% 15% 16% 13% 13% 14% 600 12% 500 10% 400 8% 300 540 634 817 670 6% 666 601 200 4% 100 2% 0 0% Q1 FY'09 Q2 FY'09 Q3 FY'09 Q4 FY'09 Q1 FY'10 Q2 FY'10 © 2009. All rights reserved. Privileged and confidential i
Slide 9: Special Steel Segment
Special Steel Segment Revenues INR MM EBIT INR MM 4,014 515 3,727 430 3,153 280 Q2 FY'09 Q1 FY'10 Q2 FY'10 Q2 FY'09 Q1 FY'10 Q2 FY'10 Revenues increased from INR 3,153MM in Q2 EBIT increased from INR 280MM in Q2 FY’09 to INR FY’09 to INR 4,014MM in Q2 FY’10, graphing an 430MM in Q2 FY’10, growin
Slide 10: Production – Steel Segment
Production – Steel Segment Metric tonnes 54,159 52,390 53,632 53,621 48,187 25,249 42,668 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 Q1 FY'09 Q2 FY'09 Q3 FY'09 Q4 FY'09 Q1 FY'10 Q2 FY'10 14,636 14,998 17,941 11,719 10,076 13,267 8,823
Slide 11: Engineering & Product Segment
Engineering & Product Segment Revenues INR MM EBIT INR MM 1,272 612 428 211 113 47 Q2 FY'09 Q1 FY'10 Q2 FY'10 Q2 FY'09 Q1 FY'10 Q2 FY'10 Net Revenues decreased from INR 1,272MM in EBIT decreased from INR 211MM in Q2 FY’09 to INR Q2 FY’09 to INR 428MM in Q2 FY’10, graphing a 47MM in Q2 FY’10, dec
Slide 12: Electric Vehicle Segment
Electric Vehicle Segment Revenues INR MM EBIT INR MM 200 13 104 63 3 1 Q2 FY'09 Q1 FY'10 Q2 FY'10 Q2 FY'09 Q1 FY'10 Q2 FY'10 Net Revenues decreased from INR 200MM in Q2 EBIT decreased from INR 13MM in Q2 FY’09 to INR FY’09 to INR 104MM in Q2 FY’10, graphing a 3MM in Q2 FY’10, declined by 76.9% Y
Slide 13: Production – Electric Bikes
Production – Electric Bikes Volume 6,824 3,917 3,636 2,811 2,297 2,295 Q1 FY09 Q2 FY09 Q3 FY09 Q4 FY09 Q1 FY10 Q2 FY10 © 2009. All rights reserved. Privileged and confidential information www.arc-fs.com | 12
Slide 14: Shareholding Pattern … 30 Sep'09
Shareholding Pattern…30 Sep’09 %age Shareholding 1.2% 10.8% 0.2% Shareholder Type No. of Shares 11.9% Promoters 3,853,075 Mutual Funds 9,800 Financial Institutions 21,275 11.9% FII’s 1,366,666 Body Corporates 3,489,417 33.6% Individuals 1,235,485 Trusts 1,368,333 Others 132,323 Total 11,476,374 30.4
Slide 15: Shareholding Pattern
Shareholding Pattern Investor Jun’08 Sep’08 Dec’08 Mar’09 Jun’09 Sep’09 Promoters (A) 29.16 32.27 32.27 33.57 33.57 33.57 Institutional Investors DIIs 1.64 1.53 1.40 0.10 0.09 0.09 FIIs 12.66 12.11 12.09 12.09 12.09 12.09 Sub Total (B) 14.30 13.64 13.49 12.19 12.18 12.18 Non Institutional Investors
Slide 16: Outshining the Benchmark Index
Outshining the Benchmark Index Stock performance 1st Apr’09 – 30th Sep’09 350 300 250 +150% 200 +73% 150 100 As of 03rd Nov’09 50 CMP INR 238 EV* (INR MM) 14,408 Market Cap ( bn) INR 2.73 52 week range (INR) 307/76 0 01 Apr'09 16 Apr'09 01 May'09 16 May'09 31 May'09 15 Jun'09 30 Jun'09 15 Jul'09 30
Slide 17: Clients We Serve
Clients We Serve © 2009. All rights reserved. Privileged and confidential information www.arc-fs.com | 16
Slide 18: 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 © 2009. All rights reserved. Privileged and confidential information www.arc-fs.com | 17
Slide 19: 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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