Skipper Ltd · NSE:SKIPPER
Skipper — H1 FY2023 Earnings Presentation
29 slides from Skipper's earnings presentation, Nov 12, 2022
Slide 1: Intimation regarding Investors Presentation (exchange cover letter)
9KIPPER ---- Limited---- Date: 12th November, 2022 The Manager The Manager National Stock Exchange of India Limited BSE Limited Exchange Plaza, 5th Floor, Phiroze Jeejeebhoy Towers, Dalal Street Plot No. C-1, Block-G Mumbai- 400 001 Bandra Kurla Complex, Bandra (E) Mumbai- 400 051 Ref: NSE Scrip Nam
Slide 2: Investor Presentation Q2 & H1 FY'23 Results
Q2 & H1 PERFORMANCE, 2022 - 23 9KIPPER Lifted SKIPPER LIMITED INVESTOR PRESENTATION Q2 &H1 FY’23 Results • &I ft Ii- Q. e IJ. Q O. 11 H &II"� II• C 11 0 0. 0 19 ■ 5 a a. 12th November, 2022
Slide 3: Disclaimer
DISCLAIMER This Investor Presentation has been prepared by Skipper Limited for investors, solely for informational purposes. The information contained herein has been prepared to assist prospective investors in making their own evaluation of the Company and does not purport to be all-inclusive or to
Slide 4: India's largest and world's only integrated T&D company
@KIPPER ] W H O W E A R E Lifted Great Place To Work. Certified JAN 2022 - JAN 2023 INDIA Company is India’s largest and world's only Integrated T&D company having its own Structure rolling, manufacturing, Tower Load Testing Station & Transmission Line EPC. 3
Slide 5: Skipper: One-Stop Solution Provider
@KIPPER ] P R O D U C T O F F E R I N G S Lifted SKIPPER: ONE -STOP SOLUTION PROVIDER Engineering products Polymer products Infrastructure projects Capacity: 300,000 MTPA Capacity: 51,000 MTPA M I S S•I Transmission ON Line EPC • Power Transmission Tower • UPVC Pipes • Railway Electrification EPC •
Slide 6: Performance Update Q2 & H1 FY'23
9KIPPER Lifted SKIPPER LIMITED Performance Update Q2 & H1 FY’23 Updatee • &I ft Ii- Q. IJ. Q O. 11 H &II"� II• C 11 0 0. 0 19 ■ 5 a a.
Slide 7: Standalone Financial Performance Q2 FY'23
@KIPPER ] S t a n d A l o n e F i n a n c i a l P e r f o r m a n c e Q 2 F Y ’ 2 3 Lifted Rs in Mn YoY QoQ Sl Profit & Loss Summary Q2 FY’23 Q2 FY’22 Q1 FY’23 Change % Change % 1 Revenues 4,620.0 4,792.9 -3.6% 4,160.9 11.0% 2 Operating EBITDA (without forex) 519.7 358.2 45.1% 490.9 5.9% Operating E
Slide 8: Standalone Financial Performance H1 FY'23
@KIPPER ] S t a n d A l o n e F i n a n c i a l P e r f o r m a n c e - H 1 F y ’ 2 3 Lifted Rs in Mn Sl Profit & Loss Summary H1 FY’23 H1 FY’22 Change % 1 Revenues 8,780.9 7,539.3 16.5% 2 Operating EBITDA (without Forex) 1,010.5 476.5 112.1 % % of Revenue 11.5% 6.3% +520 Bps 3 (+) Other Income 23.2
Slide 9: Performance Highlights – H1 FY'23
@KIPPER ] P E F R O R M A C E H I G H L I G H T S – H 1 F y ’ 2 3 Lifted Strong Revenue Performance across major business segments Rs in Mn Rs in Mn Stand Alone - Revenue Segment - Revenue 8,781 17% 9,000 + 15 % 7,539 8,000 6,895 7,000 5,991 6,000 5,000 + 25 % 4,000 3,000 1,592 1,275 +8% 2,000 1,000
Slide 10: Business Update – Q2 & H1 FY'23
Great Place To @KIPPER ] B U S I N E S S U P D A T E – Q 2 & H 1 F Y ’ 2 3 Limited Work.. Certified Performance Update Key Performance Highlights Strong revenue performance across major business segments in spite of inflationary cost push and geo- political related challenges; Stand Alone Operat
Slide 11: Performance Highlights
@KIPPER ] P E F R O R M A C E H I G H L I G H T S Lifted Q4 Fy’22 Revenue performance improved on account of - Q2 & H1 Fy’23 EBITDA Margin improved on account of - Increased share of Engineering export business and parting away with majority of old legacy and CIF contracts aided to better margin p
Slide 12: Improvement Trends: Operating EBITDA
@KIPPER ] I M P R O V E M E N T T R E N D S Lifted Consistent & Improved Operating Margin Performance 15.0% 11.8% 10.9% 11.2% 10.1% 10.0% 7.5% 5.0% 4.3% 0.0% Q1 '22 Q2 '22 Q3 '22 Q4 '22 Q1 '23 Q2 '23 ■ Stand Alone Operating EBITDA (Without Forex) Note: Operating EBITDA is net of Forex derivative gai
Slide 13: Segment Report
@KIPPER ] S E G M E N T R E P O R T Lifted Segment Performance Q2 & H1 FY’23 Rs in Mn Infra 3% Segment Profit & Loss Summary Q2 FY'23 Q2 FY'22 Change % H1 FY'23 H1 FY'22 Change % Net Sales 3,798.4 3,943.8 -3.7% 6,894.6 5,991.3 15.1% Engg EBITDA - Operating 505.7 413.1 22.4% 926.7 524.7 76.6% Product
Slide 14: Efficient Debt Management
@KIPPER ] E f f i c i e n t D e b t M a n a g e m e n t Lifted Rs in Million Debt Details 30.09.2022 30.09.2021 Inc / (Dec) Long Term Debt 2,269 2,059 210 Current Maturities of Long 639 648 (9) Term Debt Total Long Term Debt 2,908 2,707 201 Short Term Debt 2,945 3,576 (631) Gross Debt Level 5,853 6,
Slide 15: Order Book Composition
@KIPPER ] O R D E R B O O K P I E Lfniteti Engineering Products – Order Book Composition – Sep 2022 Total Order Book Segment Break up Rs 21,630 million J Domestic 55% J 45% 29% Export 11 Order Breakup 45% 14% 12% ■ Domestic ■ Export ■ PGCIL ■ SEB & Others ■ Export ■ Non T&D Domestic Non T&D Products
Slide 16: Consistent Order Inflow
@KIPPER ] C o n s i s t e n t O r d e r I n f l o w --Limited-- Engineering Products – Order Inflow Composition • New Order Intake of Rs 4,605 million in Q2 FY’23 and YTD inflows of Rs 8,630 million for engineering products supply from PGCIL, SEB’s , South East Asia, Asia Pacific, Middle East, Afric
Slide 17: Strong Bidding Pipeline
@KIPPER ] S t r o n g B i d d i n g P i p e l i n e -Li:ite=m = d �----------------------7,• Highest Ever Bidding Pipeline of 105,000 Million as on 30th Sep 2022; International – 54,000 Mn & Domestic - 51,000 Mn • Expecting International Ordering & Execution to gain pace in H2 FY’23 ; • In advanced
Slide 18: Polymer Products Segment
@KIPPER ] P O LY M E R P R O D U C T S S E G M E N T Lifted SKIPPER’S POLYMER BUSINESS Polymer Plants invested Guwahati Fittings Among few Indian One of few Indian manufacturing state-of-the-art Plant enjoys tax companies assured companies with capacity of 51,000 manufacturing exemption of CPVC for
Slide 19: Theory of Constraints
@KIPPER ] T H E O R Y O F C O N S T R A I N T S Lifted OUR USP • Partnering benefits: • Exponential Sales Growth & Gain in Market Share Skipper is the only Indian polymer pipe company to • Robust Processes & Systems in place to improve implement Theory of profitability Constraints (TOC) approach in
Slide 20: Polymer Highlights
@KIPPER ] P o l y m e r H i g h l i g h t s Lfniteti Polymer – Improving Revenue Performance Major Highlights TTM Revenue of Rs 3,517 million Only Polymer Pipe company in India to implement TOC into its operation Growing National Presence ; Deriving 85 % of overall revenue through 1,592 25 % T
Slide 21: Business Outlook
@KIPPER ] B u s i n e s s O u t l o o k .................................................................................... --- Limited PERFORMANCE OUTLOOK Company expects to clock high double digit annual revenue growth in Fy’23 on back of strong pending execution of engineering contracts and st
Slide 22: Shareholding Pattern
@KIPPER ] S h a r e h o l d i n g P a t t e r n Lifted Shareholding pattern Major Institutional Shareholders a s o n 3 1 st O c t o b e r 2 2 A s o n 3 1 st O c t o b e r 2 2 Name % Promoters Baillie Gifford - Pacific Horizon 4.3% 71.89% Investment Trust Ocean Dial Asset Management India 4.1% Foreig
Slide 23: Future Ready
9KIPPER SKIPPER RGD Future Ready • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • •
Slide 24: Exploring New Geographies
@KIPPER ] E X P L O R I N G N E W G E O G R A P H I E S Lifted FOCUS ON GROWING EXPORTS • Optimistic outlook: Positioned to grow exports to 50% of Engineering revenue in current year (FY’23) and to 75 % by International certifications next year (FY’24). Certification Country • Opportunity-ready: Cer
Slide 25: Leadership Position
9KIPPER Lifted LEADERSHIP POSITION S K I P P E R I S C L E A R LY P O I S E D T O B E I N T H E W I N N I N G S P O T I N T H E I N T E R N AT I O N A L T & D S E C T O R • Skipper is the highest accredited manufacturers in India for supplying to global markets • Largest and lowest cost manufacturer
Slide 26: Telecom Sector
@KIPPER ] T E L E C O M S E C T O R --- Limited --- TELECOM TOWER • India needs around 800,000 additional towers to address digital growth and 5G Roll out • • 1.4 bn 1.94 mn • China • National Telecom Policy aims to inspire $100 bn investment in Customers Telecom tower • •• five years • '' '' • •• •
Slide 27: Leadership Position – Telecom Sector
@KIPPER ] L E A D E R S H I P P O S I T I O N Lifted S K I P P E R I S C L E A R LY S E T T O B E I N T H E W I N N I N G S P O T IN THE TELECOM SECTOR • Large engineering capacity to support manufacturing of Telecom structures • Proximity to focus Telcos markets - East & North East • Tie up with on
Slide 28: Transmission Line Tower Testing Station
@KIPPER ] T r a n s m i s s i o n L i n e To w e r Te s t i n g S t a t i o n -Limited- $ $KIPPER R&D Skipper boasts of India ‘s largest Tower & Monopole Load Testing Station - • All new large T&D projects in domestic markets now comes along with Design and Load testing scope; • Our new R&D centre w
Slide 29: Thank You
Thank You For any queries please contact: Aditya Dujari (Investor Relations) Skipper Limited 3A, Loudon Street, 1St Floor, Kolkata 700 017 E-Mail: aditya.dujari@skipperlimited.com Tel: + 91 33 2289 2327/5731 Mobile: 9830806906 28