Gmm Pfaudler Limited · NSE:GMMPFAUDLR
Gmm Pfaudler — Q2 FY2023 Earnings Presentation
27 slides from Gmm Pfaudler's earnings presentation, Nov 3, 2022
Slide 1: Earnings Presentation Q2FY23
GmMmM— LPfaudier ~ a Moving Forward | with Purpose Earnings Presen' ation Q2FY23 Uf November 20225 in vy o
Slide 2: Disclaimer
— Disclaimer This presentation has been prepared by GMM Pfaudller Limited (the ‘Company’) and forms a part of its intellectual property which is solely for the purposes of your general information and shall not be taken away, distributed, reproduced, or redistributed or passed on, directly or indire
Slide 3: Q2 FY23 Performance
Q2 FY23 Performance GMM Pfaudler
Slide 4: Snapshot
Snapshot =119 crore EBITDA 297 crore PAT =2,119 crore Order Backlog *EPS is adjusted for the bonus issue of 2:1 completed in July 2022 Cc GMM “— Pfaudler ~
Slide 5: Quarter Highlights
— Quarter Highlights T= Revenue growth of 21% YoY = EBITDA margin at 15.2% = Order intake increased by 6% YoY = Order Backlog stands at %2,119 crore = Completed the acquisition of Hydro Air Research Italia S.r. = Completed the acquisition of the balance 46% stake in GMM International S.a.r.| (GMMI),
Slide 6: Consolidated Results
— Consolidated Results —= REVENUE —= EBITDA 1 6% 1 121% 1 121% 1 _ 7 647 98 Q2 FY23 QIFY23 Q2 FY22 Q2 FY23 QIFY23 — PROFIT AFTER TAX — ORDER BACKLOG 1 58% | 1 150% | 3%. 219 2182 39 Q2 FY23 QIFY23 Q2 FY22 Q2 FY23 QIFY23 Backlog is net of POC. Margin and growth percentages are calculated on absolute
Slide 7: Business Highlights
— Business Highlights " Technologies (Glass-lined & Non Glass-lined) —- Revenue and Order intake improves by 35% and 2% YoY, respectively =" Systems — Revenue and Order intake reduces by 7% and 17% YoY, respectively = Services — Revenue and Order intake improves by 6% and 30% YoY respectively * Sour
Slide 8: Consolidated Cash Flow Statement - H1 FY23
— Consolidated Cash Flow Statement - H1 FY23 Figures in ® crore -------- a I I ! BUSINESS CASH APPLICATION) =e 4 INVESTMENTS & beeeee ra GENERATION i\,/, OFCASH f\ jo” i FUNDING 1 ~s I belieeiieeieeieietietie “ HI === ' | 7 eee \ ! if ‘ 1 il 1 i 1 H it 173 H 1 i 1 1 i 1 f i 201 | | 46 I 1 H -214 = H
Slide 9: Consolidated Balance Sheet
— Consolidated Balance Sheet Figures in % crore Particulars 30.09.22 31.03.22 Particulars 30.09.22 31.03.22 Shareholder's equity 664 527 Fixed Assets 553 560 Non-controlling interests - 141 Goodwill & Intangibles 487 455 Debt 505 Receivables 386 356 Pension liabilities 373 Inventory 710 670 Trade pa
Slide 10: Working Capital Summary
— Working Capital Summary Figures in ® crore a CONSOLIDATED ! /w STANDALONE — Summary 30.09.22 31.03.22 » Inventory Summary 30.09.22 31.03.22 » Inventory 710 670 Inventory 261 231 Customer advances 372 422 Customer advances 79 94 Net funding required for inventor, DI Net funding required for inven 1
Slide 11: Consolidated Profitability Metrics
— Consolidated Profitability Metrics = EARNINGS PER SHARE (EPS) = — RETURN METRICS Figures in = i% 272% 28.0% _ . 9.2% 12 21. 1S 18.8% 16.8% : L] [ —®ROCE —®-ROE FY19 FY20 FY21* FY22* =HIFY23** FY19 FY20 FY21* FY22* H1FY23 (Annualised) *Consolidated figures exclude PPA, and other acquisition related
Slide 12: Shareholding Pattern
— Shareholder Sy 22 or Sontemoer 3, 2027____s on dune 3, 2022-______Gaungs—___ Particulars Public Mutual Funds 15,70,177 3.49% 15,17,352 3.46% 52,825 48% Foreign Portfolio Investors 52,65,128 11.71% 51,94,266 11.84% 70,862 6.4% Alternate Investments Funds 6,37,984 142% 716,442 1.63% -78,458 -7.1% In
Slide 13: Annexures
Annexures GMM Pfaudler
Slide 14: Consolidated Results
14 Consolidated Results GMM Pfaudler
Slide 15: Consolidated Results - H1 FY23
— Consolidated Results - H1 FY23 _ REVENUE 1,519 a 7 H1FY23 H1FY22 — PROFIT AFTER TAX ——— 1 654% ! 158 21 H1FY23 H1FY22 5 Margin and growth percentages are calculated on absolute figures. EBITDA 217 H1FY23 ORDER INTAKE 1,827 H1FY23 Figures in ® crore HI FY22 CoN Pfaudler J
Slide 16: Segmental Overview
— Segmental Overview Standalone International qi 6% 10%, Revenue R \ (Q2 FY23) Consolidated Technologies Systems Services Standalone International 3% 21% ler Intake y \ > q> Consolidated / Technologies Systems Services “Note: Standalone and International breakdown excluded inter-company eliminations
Slide 17: Order Intake and Backlog Trend
— Order Intake and Backlog Trend 7 Figures in % crore 783 Order Intake Trend 998 895 829 : ; | Q2 FY22 Q3FY22 Q4FY22) QIFY23 Q2 FY23 Order Backlog Trend 2,067 2182 2,119 1,932 : Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 ce MM —J Pfaudler
Slide 18: Quarterly Consolidated Financial Performance
Quarterly Consolidated Financial Performance Particulars (2 crore) Q2 FY23 Q1FY23 Q-0-Q Q2 FY22 Operational Income 780 739 6% 647 21% Material Cost 312 300 4% 255 22% Other Costs 349 341 3% 298 17% Total Operating Expenses 661 641 3% 553, 19% EBITDA ng 98 21% 94 27% EBITDA Margin (%) 18.2% 13.2% 200
Slide 19: Standalone Results
19 Standalone Results GMM Pfaudler
Slide 20: Standalone Results - Q2 FY23
— Standalone Results - Q2 FY23 Figures in ® crore = REVENUE = EBITDA — L 3% 1 124% 1 L o% 1 17% | 256 249 51 206 Al Q2 FY23 QIFY23 Q2 FY22 Q2 FY23 QIFY23 Q2 FY22 — PROFIT AFTER TAX = ORDER BACKLOG r--"-1 r--- ===4 =—==5 1 2% 4 1 -27% | 1 16% 1 118% 1 29 oO 562 549 21 B4A% 14.2% Q2 FY23 QIFY23 Q2 FY2
Slide 21: Standalone Results - H1 FY23
— Standalone Results - H1 FY23 Figures in ® crore = REVENUE = EBITDA —_—_ | 34% | 1 13%! 505 95 377 H1FY23 H1FY22 H1FY23 H1FY22 — PROFIT AFTER TAX — ORDERINTAKE -—- rr [ ieee 1 -23% ! 1 23% ! 55 641 40 521 14.6% H1FY23 H1FY22 H1FY23 H1FY22 oa Backlog is net of POC. Margin and growth percentages are
Slide 22: Quarterly Standalone Financial Performance
Quarterly Standalone Financial Performance Particulars (2 crore) FY23 Q1FY23 Q-0-Q Q2 FY22 Operational Income 256 249 3% 206 24% Material Cost 17 124 (5%) 87 35% Other Costs 97 84 15% 68 42% Total Operating Expenses 214 208 3% 155 38% EBITDA 42 41 4% 51 (17%) EBITDA Margins (%) 16.5% 16.3% 18 bps 24
Slide 23: Standalone Balance Sheet
— Standalone Balance Sheet Figures in ® crore Particulars 30.09.22 31.03.22 Particulars 30.09.22 31.03.22 Shareholder's equity 654 445 Fixed Assets ZED Zs Goodwill & Intangibles 21 25 Debt 380 128 Receivables 162 121 Trade payables 184 159 Inventory 261 251 Cash and equivalents 6 15 Other liabilitie
Slide 24: International Results
24 International Results GMM Pfaudler
Slide 25: International Results - Q2 FY23
— International* Results - Q2 FY23 Figures in ® crore = REVENUE = EBITDA —_ L 8% | 20% 1 30% 1 38% S05 540 470 50 Q2 FY23 QIFY23 Q2 FY22 Q2 FY23 QIFY23 Q2 FY22 — PROFIT AFTER TAX — ORDER BACKLOG Tel Tae) Cael Sieh 1,590 1,678 $6 1,359 15 Q2 FY23 QIFY23 Q2 FY22 Q2 FY23 QIFY23 Q2 FY22 * Includes Mavag
Slide 26: International Results - H1 FY23
— International* Results - H1 FY23 — PROFIT AFTER TAX 108 ' REVENUE 1,105 H1FY23 H1FY23 H1FY22 H1FY22 * Includes Mavag & PFI, Excluding inter-company eliminations. Backlog is net of POC. Margin and growth percentages are calculated on absolute figures EBITDA 123 H1FY23 ORDER INTAKE 1,286 H1FY23 Figu
Slide 27: Thank You
GMM ce Pfaudier J Thank You Investor Relations Contact Priyanka Daga GMM Pfaudler Limited T: +91 22 6650 3900 E: investorrelations@gmmpfaudler.com Anuj Sonpal Valorem Advisors T: +91 22 4903 9500 E: gmmpfaudler@valoremadvisors.com