Wendt India Limited · NSE:WENDT
Wendt India — Shareholder Meeting (July 2023)
49 slides from Wendt India's shareholder meeting presentation, Jul 21, 2023
Slide 1: Welcome to 41st AGM
WELCOME TO 41ST AGM Wendt (India) Limited 21ST of July 2023
Slide 2: Disclaimer
DISCLAIMER This presentation may contain forward-looking information relating to future business developments & prospects, company’s financial results and economic performance that involve substantial risks and uncertainties. While such forward-looking statements represent the company’s judgements a
Slide 3: Brief on Wendt
BRIEF ON WENDT Situated at Hosur, Tamil Nadu - 40 Kms from Bangalore, Total Area: 16.28 Acres Team Strength: 507
Slide 4: Our Vision & Mission
OUR VISION & MISSION VISION A dream to become a Multinational Company, Operating manufacturing plants and Sales offices in Asia / Pacific. A dream to assume Global Leadership in Wheels / Tools / Hones manufacture in the Wendt Group A dream to become The Company with the highest market capitali
Slide 5: Fundamental Strengths
FUNDAMENTAL STRENGTHS Well Nurtured Talent Comprehensive Product Range High Level State-of-the-art Manufacturing Customization Process Sound Financial Position
Slide 6: Our Manufacturing Program
OUR MANUFACTURING PROGRAM From Tools To Machines To Components ! Components Machines Product Innovation Tools Continues…
Slide 7: Industry & Product Profile
Automotive Cutting Tools Engineering Refractory Ceramics Vitrified Tiles Glass Steel (Wire Rod Mills) Defence Power Aerospace Construction INDUSTRY & Segments PRODUCT PROFILE PCD/PCBN @© WENDT
Slide 8: Business Verticals
BUSINESS VERTICALS WENDT : FY 22-23 Standalone Revenue : Rs. 19095L PBT : Rs. 5249L PAT : Rs. 4012L Super Abrasives Machines Precision Products Revenue : Rs.13455 L Revenue : Rs.2777 L Revenue : Rs.2863 L 70.47% 14.54% 14.99% Machines Precision Components Figures in Rs Lakhs
Slide 9: Wendt Grinding Technology Ltd Thailand
Wendt Grinding Technology Ltd Thailand • Mother Plant: Hosur, India • Subsidiary: WGTL, Thailand • Sales 22-23: Rs. 1974L
Slide 10: Our Global Reach
OUR GLOBAL REACH Germany, UK, USA, France, Spain, Russia USA, China, UK, Russia, Australia, Korea, Austria, Taiwan, Brazil, Turkey, Sri Lanka Singapore, Indonesia, Thailand, Malaysia, South Africa, UAE
Slide 11: Major Customers
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Slide 12: Major Customers
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Slide 13: Safety Tree Trend – Y22-23
Safety Tree Trend – Y22-23 Safety Trend Apr-22 May-22 Jun-22 Jul-22 Aug-22 Sep-22 Oct-22 Nov-22 Dec-22 Jan-23 Feb-23 Mar-23 Total Reportable 0 0 0 0 0 0 0 0 0 0 0 1 1 Non Reportable 0 0 0 0 0 0 0 0 0 0 0 0 0 First Aid 0 1 0 0 1 1 0 1 0 1 0 0 5 Near Miss 0 4 6 3 3 4 6 12 6 4 6 7 61
Slide 14: Management Systems
MANAGEMENT SYSTEMS ISO 9001:2015 ISO 14001 : 2015 ISO 45001:2018 EN13236:2015
Slide 15: Management Systems
MANAGEMENT SYSTEMS EN9100:2018 IATF 16949: 2016 Aerospace certificate AS9100D
Slide 16: Super Abrasive Product Range
SUPER ABRASIVE PRODUCT RANGE Resin Bond Metal Hones Bond Super Abrasive Sales 22-23: Rs. 13455 L Galvanic Brazed Bond 70 % of Total Sales Bond Stationary Rotary Vitrified Dresser Bond Dressers & STAR
Slide 17: Industry Segments
Industry Segments F @ WEND! a -B Defence & Aerospace
Slide 18: Wendt Offerings
Wendt Offerings • CNC Horizontal & Vertical Honing Machines • Cylindrical Grinders , Creep Feed Grinding • Rotary Surface Grinding - Horizontal & Vertical • Automotive, Defense & Aerospace Industry
Slide 19: Wendt Offerings
Wendt Offerings Fuel Injector DP Pump Assembly Carbide Inserts Fuel Injector CSR
Slide 20: Financial - Standalone FY2022-23
Financial - Standalone Fy2022-23 FY’22-23 FY’22-23 Particulars Actuals Actuals Growth 15812 Total Sales 19095 21% 3803 EBITDA 5371 41% 24% EBITDA % 28% 3615 PBT 5249 45% 23% PBT% 27% 2710 PAT 4012 48% 17% PAT% 21% All values are in INR Lakhs
Slide 21: Capex Ordered & Open for Execution
Approved Plan for the year 2022-2023 2000 Lacs Capex Ordered & Open for Execution as on End Mar’23 886 Lacs Capex received & capitalized during April’22 to Mar’23 1152 Lacs
Slide 22: Highlights for 2022-23
Highlights for 2022-23 • People • Engagement Improvement • Active Participation & Involvement • Process • Improvement through Method Engineering • Products • Good Progress in Import Substitutes • Few Milestones achievement in Machine Tool • Performance • 95% to Plan • 21% Growth over last year
Slide 23: Super Abrasives
Super Abrasives Domestic • 12% Growth over 21-22 • Product Launch done @ Chennai • Good Progress in sales against Imported Exports Products • 38% Sales growth over YTD 21-22 • Focused approach in 10 countries helped us increase our Sales • Sales of High Precision dressing roll increased
Slide 24: Non-Super Abrasive Business: 2022-23 Key Highlights
Non-Super Abrasive Business: 2022-23: Key Highlights • 1st time executed 11 meters length longest bed Twin Spindle – Twin Bed Grinding machine, Model WXG 750 • All the machines supplied between Q1 to Q3 - installation & prove out completed
Slide 25: Precision Product Category: 2022-23 Key Highlights
Precision Product Category: 2022-23: Key Highlights Precision Products • Sales:- Rs 2863L Highest • Existing Customer – New products sales established • Rotors and Rings Projects had been awarded and got PO including Tooling’s and Development. • Established Inserts Grinding facility in PUNE & Starte
Slide 26: Marketing Events
Marketing Events IMTEX RAIPUR FARIDABAD NAGPUR
Slide 27: Marketing Events
Marketing Events Ceramic Customer Meet at Hosur Dealer Meet with CUMI @ Coimbatore
Slide 28: Technology Day
Technology Day Delphi ZF Pune Schaeffler - M Schaeffler -S
Slide 29: Technology Day
Technology Day Sansera Sandvik Nachi Maruti
Slide 30: Dealer Training Session
Dealer Training Session Cutmac Pune – Sunrise/ Precitech / Trident Powerful Marketing solution
Slide 31: Quantapol Wheel Launch at Chennai
Quantapol Wheel Launch at Chennai
Slide 32: ICAI Awards for Excellence in Financial Reporting 2021-22
“ICAI Awards for Excellence in Financial Reporting 2021-22” Your Company’s Annual Report and financial statement for the year ended 31st March 2022 has been adjudged as winner in the category Plaque, for Excellence in Financial Reporting for 2021-22 from the Institute of Chartered Accountants of Ind
Slide 33: Events
Events
Slide 34: Events
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Slide 35: Events
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Slide 36: Wendt FY22-23 Consolidated Performance
Wendt FY22-23 Consolidated Performance (Rs L) FY22-23 FY21-22 Particulars %YOY Actuals Actuals Total Sales 20761 17724 17% ⌂ EBIDTA 5615 4167 35% ⌂ EBIDTA % 27% 24% PBT 5302 3691 44% ⌂ PBT% 26% 21% PAT 4009 2707 48% ⌂ PAT% 19% 15% All values are in INR Lakhs
Slide 37: Wendt FY22-23 Performance
Wendt FY22-23 Performance (Rs L) Rs.19095 L CAGR from 1983-84 to 2022-23: 20% 83- 84- 85- 86- 88- 89- 90- 91- 92- 93- 94- 95- 96- 97- 98- 99- 00- 01- 02- 03- 04- 05- 06- 07- 08- 09- 10- 11- 12- 13- 14- 15- 16- 17- 18- 19- 20- 21- 22- 84 85 86 88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06
Slide 38: Wendt Share Price Movement
Wendt share Price movement 9000.00 8509.00 8000.00 7000.00 SHARE PRICE (RS.) 6000.00 5060.00 5000.00 4000.00 3162.00 3000.00 3232.85 1702.25 2433.65 2000.00 1900.00 1642.20 1749.00 1000.00 1058.90 1123.10 1740.00 703.50 408.45 1102.35 0.00 MAR-13 MAR-09 MAR-10 MAR-11 MAR-12 MAR-14 MAR-15 MAR-16 MAR-
Slide 39: Earning per share
Earning per share 2012-2023 250 200.58 200 150 135.49 100 86.45 59.34 74.24 58.47 67.33 50 50.59 61.49 46.7 64.56 52.06 0 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Slide 40: Dividend %
Wendt dividend 2012-2023 900 800 800 Dividend % 700 650 600 500 400 300 300 300 250 250 250 250 250 250 250 200 150 100 0 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 Year
Slide 41: Total Shareholder Return
Total Shareholder Return y During the year 1981 Share Holder Invested per share (Purchase Price) (a) 10 Considering Two Bonus issue, 1 share had become 4 shares - post bonus issues Dividend paid to share holder Since inception (Considering Bonus Share issued) (b) 2326 Current Market price per Share
Slide 42: Year 23-24 Head Winds and Tail Winds
Year 23-24 Head Winds Tail Winds • Global Economy expected to • Auto Industry revival in have rough whether due to Domestic Market Geopolitical challenges • Steel Industry expected to grow • Input Price increase • Infrastructure Projects • Continue to have Supply Chain • Good Festival Demand Challen
Slide 43: Super Abrasives
Super Abrasives: • Continue Customer Engagement through Application Engineering strategy • Market share Improvement - Import Substitutes , Horizontal Deployment of established products • Continue New Product Development Drive • Strengthening Dealer Management • Focus on 6 countries for growing Expor
Slide 44: Machines & Precision Components
Machines & Precision Components: • Focus only Established Machines and achieve the sales by Using 2 P’s • Moving from Industry Specific machines to Application based machines with few design changes • Commercializing the developed product sales in Precision Components • Developing Capabilities for A
Slide 45: Focus Industries
Focus Industries GLASS INDUSTRY MEDICAL INDUSTRY CNC Edge Milling Grinding Bevelling AUTO INDUSTRY Valve DEFENCE & AVIATION I Crank Shaft NDUSTRY Dressing Roll, EP Wheel Dressing Roll, Vit CBN Cylindrical Block Diamond Dressing WXG 300 - CNC Creep Feed Rolls for Turbine Grinder For HAL Helicopter Bl
Slide 46: Focus Industries
Focus Industries © WENDT DUSTRY CUTTING TOOL INDUSTRY Gear Box Cutting & Forming Taps Carbide Insert Hobs Broches Dressing Roll Fuel Injector Dressing Roll, Metal Bond Wheels & - / Steering Mechanism 7] & @ is va ce) BEARING INDUSTRY ver RACE GROOVE PHOPMEGRNONG. — jie See Spark Plug INFLTRATED «FOR
Slide 47: Focus Industries
Focus Industries Wendt Product — Resin Bond Wheels TC Roll & Guide Roll CNC Profiling & Notch Milling Machine Grinding Machine Dressing Machine General Engineering Applications: Bearing Rings ircular Knives
Slide 48: Current year Q1 Performance - Standalone
Current year Q1 Performance - Standalone Q1'23-24 Sales 4595 • Sales Growth 7 % YOY EBIDTA 1195 • PAT Growth 25% YOY PBT 1166 PAT 868 All values are in INR Lakhs
Slide 49: Thank You
THANK YOU