Xpro India Limited · NSE:XPROINDIA
Xpro India — Q4 FY2022 Earnings Presentation
41 slides from Xpro India's earnings presentation, May 2022
Slide 1: Xpro India Limited Investor Presentation Q4-FY 2022
Xpro India Limited Investor Presentation Q4-FY 2022
Slide 2: Performance Overview
Performance Overview Q4 FY22 FINANCIAL HIGHLIGHTS
Slide 3: Performance Overview
Performance Overview FY22 (Y-o-Y) Q4 FY22 (Y-o-Y) Highlights • Results signify steady operations, sustained market opportunities Revenue Revenue for Xpro’s technically robust product offerings and the impact of 26.3% -3.2 % strategic initiatives over past few years; 471.7 Crs 142.8 Crs • Results ach
Slide 4: Q4FY22 Financial Performance (Consolidated)
Q4FY22 Financial Performance (Consolidated) Revenues (Rs. Crs) EBITDA (Rs. Crs) PAT (Rs. Crs) -3.2% -1.7% +82.3% 147.5 142.8 17.5 17.2 17.5 9.6 Q4 FY21 Q4 FY22 Q4 FY21 Q4 FY22 Q4 FY21 Q4 FY22 EPS (in Rs.) EBITDA Margin (%) PAT Margin (%) +81.0% 14.8 11.9% 12.1% 12.2% 8.2 6.5% Q4 FY21 Q4 FY22 Q4 FY21
Slide 5: FY22 Financial Performance (Consolidated)
FY22 Financial Performance (Consolidated) Revenues (Rs. Crs) EBITDA (Rs. Crs) PAT (Rs. Crs) +26.3% +58.3% +434.5% 471.7 63.8 44.9 373.4 40.3 8.4 FY21 FY22 FY21 FY22 FY21 FY22 EPS (in Rs.) EBITDA Margin (%) PAT Margin (%) +437.9% 38.0 13.5% 9.5% 10.8% 7.1 2.2% FY21 FY22 FY21 FY22 FY21 FY22 Investor P
Slide 6: Q4FY22 Profit & Loss Statement
Q4FY22 Profit & Loss Statement Particulars (Rs. Crs) Q4 FY22 Q4 FY21 Y-o-Y Q3 FY22 Q-o-Q FY22 FY21 Y-o-Y (%) Revenue from Operations 142.8 147.5 -3.2% 111.2 28.4% 471.7 373.4 26.3% Cost of Materials Consumed 97.7 108.1 79.9 328.0 262.0 Change in Inventories of finished goods, WIP and stock-in- trade
Slide 7: Balance Sheet (Consolidated)
Balance Sheet (Consolidated) EQUITY & LIABILITIES (Rs. Crs) Mar-22 Mar-21 ASSETS (Rs. Crs) Mar-22 Mar-21 Equity Share Capital 11.8 11.8 Property, Plant and Equipment 159.4 170.2 Right of Use of Assets 8.8 8.9 Other Equity 160.2 78.1 Capital Work-in-progress 0.4 0.3 Total Equity 172.0 89.9 Financial
Slide 8: Abridged Cash Flow Statement
Abridged Cash Flow Statement Particulars (Rs in Cr) Mar-22 Mar-21 Profit before Tax 40.6 13.4 Operating profit before working capital changes 65.0 41.1 Changes in working capital (15.6) 7.3 Cash generated from operations 49.3 48.5 Direct taxes paid (net of refund) (0.7) (0.6) Net Cash from Operating
Slide 9: Historical Performance Overview
Historical Performance Overview HISTORICAL FINANCIAL HIGHLIGHTS
Slide 10: Historical Performance (Consolidated)
Historical Performance (Consolidated) Revenue (Rs. Crs) EBITDA (Rs. Crs) PAT (Rs. Crs) +26.3% +58.3% +434.5% 471.7 63.8 44.9 346.8 354.8 373.4 40.3 26.5 29.7 8.4 2.3 0.4 FY 19 FY 20 FY 21 FY 22 FY 19 FY 20 FY 21 FY 22 FY 19 FY 20 FY 21 FY 22 EPS (in Rs) EBITDA Margin (%) PAT Margin (%) +437.9% 38.0
Slide 11: Capital Disciplined Growth
Capital Disciplined Growth RoCE* (%) RoE# (%) Net Debt to Equity (x) 22.5% 34.3% 2.1 1.9 15.8% 1.4 10.0% 9.9% 9.7% 0.4 2.9% 0.5% FY 19 FY 20 FY 21 FY 22 FY 19 FY 20 FY 21 FY 22 FY 19 FY 20 FY 21 FY 22 Cash Flow from Operations (Rs. Crs.) 47.8 48.6 38.5 28.8 FY 19 FY 20 FY 21 FY 22 #RoE = Net Profit/
Slide 12: Historical Profit & Loss Statement (Consolidated)
Historical Profit & Loss Statement (Consolidated) Particulars (Rs. Crs) FY22 FY21 FY20 FY19 Revenue from Operations 471.7 373.4 354.8 346.8 Cost of Materials Consumed 328.0 262.0 262.5 248.7 Change in Inventories of finished goods, work-in-progress -2.4 3.1 -6.4 1.2 and stock-in-trade Gross Profit 1
Slide 13: Historical Balance Sheet (Consolidated)
Historical Balance Sheet (Consolidated) EQUITY & LIABILITIES (Rs. Crs) Mar-22 Mar-21 Mar-20 Mar-19 ASSETS (Rs. Crs) Mar-22 Mar-21 Mar-20 Mar-19 Equity Share Capital 11.8 11.8 11.8 11.8 Property, Plant and Equipment 159.4 170.2 178.9 187.8 Right of Use of Assets 8.8 8.9 9.2 - Other Equity 160.2 78.1
Slide 14: Historical Cash Flow Statement (Consolidated)
Historical Cash Flow Statement (Consolidated) Particulars (Rs in Cr) Mar-22 Mar-21 Mar-20 Mar-19 Profit before Tax 40.6 13.4 0.4 2.4 Operating profit before working capital changes 65.0 41.1 30.3 29.9 Changes in working capital (15.6) 7.3 8.9 0.0 Cash generated from operations 49.3 48.5 39.1 29.9 Di
Slide 15: The Exciting Future Biax Division
The Exciting Future ∙ The only manufacturer of dielectric films in India meeting about 33% of domestic needs. The balance presently met through imports offers a natural market. ∙ Capacitors essential to electricity distribution and consumption; A growing market with added thrust on infrastructure; B
Slide 16: The Company
The Company An introduction…
Slide 17: Diversified Business Operating In Niche Segments
Diversified Business Operating In Niche Segments Xpro India Limited: Is a diversified multi-divisional, multi-locational business catering to multiple end user industry segments and enjoying a strong Brand Equity Has core competencies in the polymer processing and co-extrusion industry with technica
Slide 18: Diverse Product Range for Specialized Applications
Diverse Product Range for Specialized Applications Dielectric / Capacitor Films Speciality Biaxially Oriented Polypropylene Films Coextruded Plastic Sheets Thermoformed Liners Cast Coextruded Films Investor Presentation Q4-FY22 18
Slide 19: Diversified End Use
Diversified End Use Essential application in high growth & sunrise sectors White Goods, EV & Hybrid vehicles … Investor Presentation Q4-FY22 19
Slide 20: Multi Location
Multi Location Faridabad Coex Division, Greater Noida Delhi Biax Division, Barjora Kolkata Production Mumbai Facilities Coex Division, Hyderabad Ranjangaon Registered Office Corporate Chennai Office Other Offices Investor Presentation Q4-FY22 20
Slide 21: Some of our Valued Partner Clients…
Some of our Valued Partner Clients… • Impressive list of customers comprising leading Indian, and Transnational Companies • Xpro a key partner over many years • Customers recognise that Xpro builds in Quality and consistency • Xpro does not compromise in Safety, environment or regulatory requirement
Slide 22: Biax Division
Biax Division THE ONLY DOMESTIC PRODUCER OF CAPACITOR/DIELECTRIC FILMS
Slide 23: Potential Uses of Biax Dielectric films
Potential Uses of Biax Dielectric films Capacitors for hybrid cars and EVs Application areas include ∙ Capacitors for use in Fan, Cooler, ∙ Microwave Oven Capacitors Washing Machine and Air ∙ Low Voltage industrial Power Conditioners Factor Correction Capacitors ∙ Power Transmission & Distribution ∙
Slide 24: Product Portfolio
Product Portfolio Dielectric Grade BOPP Film Dielectric / Capacitor Films • Specialty Biaxially Oriented BOPP Film – very different from packaging grade and other types of BOPP Films; • Xpro Biax Dielectric Films are specially designed polypropylene films manufactured by the stenter process on highl
Slide 25: Manufacturing Facilities
Manufacturing Facilities • Xpro is the only domestic producer of Capacitor/Dielectric Films; • BOPP films produced with main equipment from Bruckner, Germany; • Film technology originally sourced from U.K.; • Dielectric film technology developed in-house is constantly updated; Barjora, West Bengal •
Slide 26: Dielectric Film Unit at a glance
Dielectric Film Unit at a glance Investor Presentation Q4-FY22 26
Slide 27: Key Milestones – Biax Division
Key Milestones – Biax Division 1992 Barjora Established 2002 Metalliser 2003 Pithampur Acquired 2005-09 Pithampur (JV) 2011 Pithampur Merged (exit in 2018) 2015 New Dielectric Film Unit Investor Presentation Q4-FY22 27
Slide 28: Coex Division
Coex Division LEADERSHIP POSITION IN SUPPLIES OF SHEETS/LINERS TO REFRIGERATOR INDUSTRY
Slide 29: Product Portfolio - Coextruded Plastic Sheets
Product Portfolio - Coextruded Plastic Sheets Coextruded Plastic Sheets Multi-layer Co-extruded Sheets • Xpro offers a wide range of mono-layer and coextruded plastic sheets, produced on highly sophisticated equipment based on various thermoplastic resins (such as PS, PP, ABS, PE etc.) specially des
Slide 30: Product Portfolio – Sheet & Thermoformed Components
Product Portfolio – Sheet & Thermoformed Components Sheet Applications • XPRO COEX have several fully automatic specialized lines for continuous vacuum forming for thickwall applications at the Greater Noida and Ranjangaon units; • Thermoforming plants specially designed for high production requirem
Slide 31: Product Portfolio - Cast Coextruded Films
Product Portfolio - Cast Coextruded Films Cast Coextruded Films Xpro Cast Films are produced on the most sophisticated multilayer coextrusion film lines. A wide range of speciality cast films are offered including Release Films Hygiene Films Stretch Wrap Film Soft Blister Film Polyethylene based emb
Slide 32: Manufacturing Facilities
Manufacturing Facilities Greater Noida, (Uttar Pradesh) Ranjangaon, Maharashtra • Xpro is the predominant player and leader in supplies of Sheet/liner to the Indian Refrigerator Industry; • The Coex Division is engaged in the manufacture of Coextruded Multilayer Plastic Sheets and Coextruded Multila
Slide 33: Coex Division at a glance
Coex Division at a glance Investor Presentation Q4-FY22 33
Slide 34: Key Milestones – Coex Division
Key Milestones – Coex Division 1984 1985 1993 & 1996 2001 Sheets Cast Films Significant Significant (Faridabad) (Faridabad) expansion expansion (sheets) (cast films) 2003 2004 2008 2008 Thermoforming Sheets Sheets Thermoforming (Gr. Noida) (new unit (new unit (Ranjangaon) Gr. Noida) Ranjangaon) 2010
Slide 35: Well Recognised…..
Well Recognised….. A sample representation of awards and other recognition earned by Biax and Coex Divisions of the Company for vendor support, product development, quality and excellence Investor Presentation Q4-FY22 35
Slide 36: Certification
Certification At Xpro, we firmly recognize that total customer satisfaction is the key to our success. Our aim is to build sound customer relationships through creation of value for them, and in the process earn an equitable return for ourselves. Quality is built into products through appropriate ma
Slide 37: Board of Directors
Board of Directors Sri Sidharth Birla (Chairman) Sri K Balakrishnan (Independent Director) A qualified Chartered Accountant and Company Secretary with over three decades of professional Industrialist with experience in industry and business of about 44 years, is a Science Honors Graduate and experie
Slide 38: Board of Directors
Board of Directors Sri Ashok Kumar Jha (Independent Director) Sri Bharat Jhaver (Non-Independent Director) A Chemical Engineer with a Master’s degree from Cornell, USA. Presently President of family-owned An IAS Officer -1969 batch, he has had a 39 years stint in the Civil Services and held crucial
Slide 39: Board of Directors
Board of Directors Sri S Ragothaman (Independent Director) Sri C Bhaskar (Managing Director & Chief Executive Officer) A Chemical Engineer and a post-graduate from IIM, Calcutta, with experience of over 43 years in A Commerce Graduate and Chartered Accountant. Presently a self-employed professional.
Slide 40: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Xpro India Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities
Slide 41: Thank You
Thank You Company Investor Relations Advisor Xpro India Limited Orient Capital (a division of Link Group) CIN: L25209WB1997PLC085972 Mr. Irfan Raeen : +91 9773778669 irfan.raeen@linkintime.co.in Mr. Amit Dhanuka amit.dhanuka@xproindia.com Mr. Rajesh Agrawal:+91 9967491495 rajesh.agrawal@linkintime.c