Macpower Cnc Machines Limited · NSE:MACPOWER
Macpower Cnc Machines — H1 FY2025 Earnings Presentation
38 slides from Macpower Cnc Machines's earnings presentation, Nov 12, 2024
Slide 1: Cover letter to National Stock Exchange of India
CIN : L30009GJ2003PLC043419 November 12, 2024 L30009GJ2003PLC043419L300 09GJ2003PLC043419L30009GJ To, 2003PLC043419L30009GJ2003P Listing Compliance Department, LC043419L30009GJ2003PLC04 National Stock Exchange of India Limited Exchange Plaza, Plot no. C/1, G Block, 3419L30009GJ2003PLC043419L Bandra
Slide 2: Macpower CNC Machines Limited Investor Presentation Q2 & H1FY25
We Are MACPOWER CNC Machines Limited Investor Presentation Q2 & H1FY25 Refer to Disclaimer
Slide 3: Disclaimer
DISCLAIMER This document has been prepared for information purposes only and is not an offer or invitation or recommendation to buy or sell any securities of Macpower CNC Machines Ltd (“Macpower”, "Company“), nor shall part, or all, of this document form the basis of, or be relied on in connection w
Slide 4: Contents
CONTENTS Performance Highlights Performance highlights | Annual Highlights & Capex | Increasing focus on Defense | Management Commentary | Financial overview | Order book details Way Forward Future growth strategy & drivers | Competitive Advantage | Our ESG Efforts About Us Profile | Our Journey | K
Slide 5: Key Performance Highlights for Q2 FY25
KEY PERFORMANCE HIGHLIGHTS FOR Q2 FY25 High Value Machines sales and order inflows continue to grow 81 NOS The company has manufactured and sold 81 high value machines during the quarter. Against this the company has received orders for 105 high value machines during the quarter Total Machines sold
Slide 6: Key Performance Highlights for Q2FY25
KEY PERFORMANCE HIGHLIGHTS FOR Q2FY25 Revenue (₹ Mn.) EBITDA (₹ Mn.) & EBITDA Margin (%) PAT (₹ Mn.) & PAT Margin (%) 17.9% 11.7% 14.3% 13.1% 9.8% 8.0% 711 631 127.4 83.0 502 90.4 61.6 65.7 40.1 Q2FY24 Q1FY25 Q2FY25 Q2FY24 Q1FY25 Q2FY25 Q2FY24 Q1FY25 Q2FY25 REVENUE EBITDA PROFIT AFTER TAX +13% YoY +
Slide 7: Key Performance Highlights for H1FY25
KEY PERFORMANCE HIGHLIGHTS FOR H1FY25 Revenue (₹ Mn.) EBITDA (₹ Mn.) & EBITDA Margin (%) PAT (₹ Mn.) & PAT Margin (%) 15.9% 10.2% 12.0% 7.9% 1213 193 1036 123 124 82 H1FY24 H1FY25 H1FY24 H1FY25 H1FY24 H1FY25 REVENUE EBITDA PROFIT AFTER TAX +17% YoY +56% YoY +50% YoY Highest ever revenue for H1 Highe
Slide 8: Income Statement – Q2 & H1FY25
INCOME STATEMENT – Q2 & H1FY25 PARTICULARS (INR mn) Q2FY25 Q1FY25 Q2FY24 YoY% QoQ% H1FY25 H1FY24 YoY% Revenue from Operations 711.0 502.2 631.0 12.68 41.59 1213.2 1035.6 17.14 Total Expenditure 583.6 436.5 540.6 7.94 33.71 1020.0 911.5 11.90 EBITDA 127.4 65.7 90.4 40.99 93.96 193.1 124.1 55.65 EBITD
Slide 9: Our Increasing Focus on Defence & Aerospace Sectors
OUR INCREASING FOCUS ON DEFENCE & AEROSPACE SECTORS T90 Bhishma ISRO (Chandrayaan-3) HAL (LCA MK IA) Image sourced from Image sourced from Image sourced from https://avnl.co.in/ https://www.isro.gov.in https://www.hal-india.co.in/ 200+ Machines supplied to 35 Factories of 100+ Machines supplied Mach
Slide 10: Management Commentary
Mr. Rupesh Mehta, CMD Management Commentary “We have continued on the growth front by delivering best ever performance on all fronts namely Revenue, EBITDA, PAT, Margins and Order book for any quarter. Our order inflow continues to outpace our execution. NEXA continues to grow, contributing to 35.5%
Slide 11: Order Book Break Up (As on 30th Sep, 2024)
ORDER BOOK BREAK UP (As on 30th Sep, 2024) Number of Total Value of Advance ORDER BOOK As on 30 Sep 2024 ORDER BOOK DETAILS Machines (Nos) Orders (₹ Mn) Received (₹ Mn) Turning Center 1,180 1,832.07 55.22 Description No. of Units Value (₹ Mn) VMC 406 989.17 21.89 Opening order book (01.07.24) 1,542
Slide 12: Annual Financial Highlights & Capex
ANNUAL FINANCIAL HIGHLIGHTS & CAPEX REVENUE (₹ Mn.) EBITDA (₹ Mn.) & EBITDA MARGIN (%) CAPACITY (Nos) & UTILIZATION (%) 14.7% 87% 88% 10.8% 10.2% 2410 2019 353 1901 1500 205 207 1200 FY22 FY23 FY24 FY22 FY23 FY24 FY23 FY24 PAT (₹ Mn.) & PAT MARGIN (%) EPS (₹) CAPEX 10.1% ₹ 5.46 Cr ₹ 9.16 Cr 6.8% 6.4
Slide 13: Annual Income Statement
ANNUAL INCOME STATEMENT 31% PARTICULARS (INR Mn) FY20 FY21 FY22 FY23 FY24 REVENUE CAGR Revenue From Operations 819.8 1,128.7 1,901.2 2,018.9 2,410.4 FY20-24 Total Expenses 771.7 1,036.9 1,696.1 1,812.2 2,057.1 EBITDA 48.1 91.8 205.1 206.7 353.3 65% EBITDA Margin 8.10% 11.00% 10.79% 10.24% 14.66% Oth
Slide 14: Balance Sheet – H1FY25
BALANCE SHEET – H1FY25 Equity & Liabilities (INR Mn) FY23 FY24 H1FY25 Assets (INR Mn) FY23 FY24 H1FY25 Share Capital 100.00 100.04 100.04 Fixed Asset 430.30 466.40 482.88 Reserves & Surplus 866.10 1,091.13 1,213.33 Right To Use Asset 3.80 4.39 29.23 Total Equity 966.10 1,191.17 1,313.37 Work-In-Prog
Slide 15: Way Forward
WAY FORWARD Competitive advantage 14
Slide 16: Future Growth Drivers
FUTURE GROWTH DRIVERS Expand Capacity by 25% Capacity expansion from 2000 machines to 2500 machines per annum to be completed by Q4FY25. Growing Order Book Import replacement & growing domestic demand auger well for an order book of Rs. 3,065 Mn NEXA Group NEXA group to focus on the sales and market
Slide 17: Competitive Advantage
COMPETITIVE ADVANTAGE Lowest cost producer Zero Debt, FCF Positive Amongst all its peers, Macpower is the Macpower is one of the few net debt lowest cost producer, generating negative companies in the sector and amongst the highest EBITDA and PAT has generated positive free cash flow margin in the i
Slide 18: About Us
ABOUT US Corporate Video (click here) 17
Slide 19: Company Profile
COMPANY PROFILE ▪ Established in 2003, Macpower CNC Machines Limited is engaged in the manufacture of Computerised Numerically Controlled (CNC) machines. ▪ It has a CNC Machine manufacturing unit in an area of around 8 acres at Metoda G.I.D.C., Rajkot, Gujarat (India). ▪ The company listed (IPO) in
Slide 20: Our Journey
OUR JOURNEY Setup Machining 1980 Established as Modern Machine Tools to 2005 In house machining capability developed trade in small machine tools. Small beginnings USP 1985 Started manufacturing unit for conventional 2007 Developed models with advantages of our own USP machines. CNC Machines CNC Mac
Slide 21: Our Journey
OUR JOURNEY Expansion Capacity Enhanced Expansion of manufacturing facilities & Enhanced capacity to 1100 machines p.a 2016 product categories to meet growing 2022 and started debottlenecking to 1500 demand machines p.a Going Public Capacity Enhanced Company raises money through IPO for Enhanced cap
Slide 22: Key Management
Mr. Rupesh Mehta Promoter, Chairman & Managing Director KEY MANAGEMENT Rupesh Mehta has an experience of more than 28 years in the Machine Tool Industry. He holds a degree in Bachelor of Commerce from Saurashtra University. He looks after all the corporate decision and is responsible for the entire
Slide 23: Our Network
OUR NETWORK 6 Branch Offices 5 Tech Centers 39 Destinations 9 Business Associates 22
Slide 24: Infrastructure
INFRASTRUCTURE Head Office & Plant 23
Slide 25: Tech Centres
TECH CENTRES Upcoming R&D Center ▪ Bangalore Ahmedabad Tech Centre Coimbatore Tech Centre Mohali Tech Centre Upcoming Tech Centers ▪ Faridabad ▪ Hyderabad Coimbatore Tech Centre ▪ Bangalore Jamnagar Tech Centre Shapar Tech Centre ▪ Pune 24
Slide 26: Organisation Structure
ORGANISATION STRUCTURE Rupesh Mehta Managing Director Electrical & Costing H.R. Account Q.A./Q.M.S. Sales & Service Design/R&D Application Assembly Admin & Civil EHS Electronics Vimal Manshukh Kamlesh Dipali Dod Rajnikant Raja Rushiraj Nikesh Mehta Ashish Nakum Vishal Pawar Amit Sakhiya Vishal Mehta
Slide 27: Business Overview
mm, f Business Overview Mrcpower
Slide 28: Widest Range of Products
WIDEST RANGE OF PRODUCTS 10935+ installations to date. 27 315+ 3000+ 27+ Industry Segments Product Variants Application Product Serviced & Models Solutions Segments 27
Slide 29: Key Products at a Glance (1/2)
KEY PRODUCTS AT A GLANCE (1/2) Turning Centre Vertical Machining Centre Horizontal Machining Centre Twin Spindle - VMC In today’s competitive market, you Our new generation Vertical Machining The rush in requirement for high tech- "Double the production for similar job“. need robust CNC turning cent
Slide 30: Key Products at a Glance (2/2)
KEY PRODUCTS AT A GLANCE (2/2) Twin Spindle - Turning Vertical Turret Lathe Drill Tap Centre Double Column Machine In demanding times of machining accuracy Combination of high power performance Designed specifically for drill tap applica- In today’s competitive market, you need and productivity, Mac
Slide 31: Competitive Strengths
COMPETITIVE STRENGTHS Fastest Growing Continuous Nearly 0% Debt Flexibility and Negative Cash Personal approach Company & improvement Company Adaptability Requirement and flat Hierarchy First Generation of existing Promoters product range + + + + + Delivering Widest Range of Strong knowledge of Reli
Slide 32: User Industry & Clientele at a Glance
USER INDUSTRY & CLIENTELE AT A GLANCE Auto / Auto Ancs Defence / Aerospace Engineering / Capital Goods and 1250 more ……… and 54 more ……… and 775 more ……… Government: PSUs & Education Sector Die Mould Sector Agriculture and 22 more ……… and 157 more ……… and 87 more ……… 31
Slide 33: Our ESG Efforts
OUR ESG EFFORTS Environment Social Governance Existing 200 KW Installed roof top solar Meal is provided to all plant employees, Well diversified Board of Directors with 6 plants at factory and will also install another everyday. number of directors out of 3 being independent 600 KW rooftop solar pow
Slide 34: CNC Machines
CNC Machines Industry, Sector and Macpower 33
Slide 35: What are CNC Machines?
CNC Machines? Machine Tools What are CNC Machines? (CNC machine in use – video1 video2 (click on link) ▪ Computer Numerical Control (CNC) is a machine in which pre-programmed software are used, combined with Engineering Designing to achieve desired cuts (shapes) based on end use of the product shape
Slide 36: Market Size & Opportunity
Domestic manufacturer profile for machines & machine tools Market Size & Opportunity ▪ India occupies 9 rank in production and 7 rank in consumption globally, as per the latest 'World 33% 67% Machine Tool Survey 2022’ by Gardner Intelligence. Organized Unorganized ▪ The Indian machine tool industry
Slide 37: Awards & Achievements
AWARDS & ACHIEVEMENTS MSE-1 certification for highest financial strength and operational ability by CRISIL FIE Foundation Award at IMTEX 2017 for Twin Spindle VMC V855 Twin Head FIE Foundation Award at IMTEX 2015 for Multi Tasking Machine Turn O' Mill Y S FIE Foundation Award at IMTEX 2013, Bangalor
Slide 38: Thank You
Strategy & Investor Relations | Consulting Email: info@kaptify.in Ph. +91 845 288 6099 Website: www.kaptify.in Email : cs@macpowercnc.com Ph. +91 2827 287930 / 31 Website : www.macpowercnc.com THANK YOU ! 37
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