Gmm Pfaudler Limited · NSE:GMMPFAUDLR
Gmm Pfaudler — Q2 FY22 Earnings Presentation
30 slides from Gmm Pfaudler's earnings presentation, Oct 28, 2021
Slide 1: Earnings Presentation – Q2 FY22
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by GMM Pfaudler Limited (the "Company’) solely for your information and for your use and may not be taken away, distributed, reproduced, or redistributed or passed on, directly or indirectly, to any other person (whether within or outside your organizat
Slide 3: Agenda
Agenda ceeee Welcome Address Executive Summary Performance Update Integration Update Q&A GMM Pfaudler Defining the standard @
Slide 4: Executive Summary
Ex ecutive Summary * Improvement in revenue and earnings continue * China plus one strategy driving growth * Strong order intake across verticals Investment across international markets driving strong order intake No significant impact on manufacturing operations * Operational excellence program gai
Slide 5: Other updates
Other updates Management Team Employee Stock Options* Raw material and Energy 5 “Subject to shareholders’ approval GMM Pfaudler = Aseem Joshi appointed as CEO, India business = Previously worked at Honeywell, Eaton Corporation, McKinsey & Company, IBM Corporation = MBA (INSEAD, France), MS — Industr
Slide 6: Consolidated
Consolidated GMM Pfaudler™ Defining the standard
Slide 7: Consolidated Results — Q2 FY22
Consolidated Results — Q2 FY22 \_Y sare > > 5,517 1,863 Q2FY22 Qury22 Q2FY21 269 QorY22 Qory21 “Excluding PPA adjustments related to PFI acquisition. Backlog is net of POC. Figures in INR Mn EBITDA* 938 Q2FY22 Qury22 Q2FY21 ORDER BACKLOG 17,135 L Z — Q2FY22 Qury22 Q2FY21 GMM Pfaudler Defining the st
Slide 8: Consolidated Balance Sheet
Consolidated Balance Sheet \ Sf Figures in INR Mn 30.09.21 31.03.21 Particulars 30.09.21 31.03.21 Shareholder's equity 4502 4,071 Fixed Assets 5,740 5,240 Non-controlling interests 1127 1,233 Goodwill & Intangibles 4841 5,166 Debt 5,287 4,917 Receivables 2,931 3,096 Pension liabilities 4a7a 4,535 In
Slide 9: Standalone
Standalone GMM Pfaudler™ Defining the standard
Slide 10: Standalone Results — Q2 FY22
Standalone Results — Q2 FY22 \ Sf Figures in INR Mn REVENUE EBITDA 437 367 26% Q2FY22 QIFY22 Q2FY21 Q2FY22 QIFY22 Q2FY21 PROFIT AFTER TAX ORDER BACKLOG 292 5,488 5,461 Q2FY22 QUFY22 Q2Fy21 QOFY22 QUFY22 QOFY21 Backlog is net of POC GMM Pfaudler 10 Defining the standard @
Slide 11: Performance Analysis
Performance Analysis GMM Pfaudler™ Defining the standard
Slide 12: Income Statement Summary — Q2 FY22
Income Statement Summary — Q2 FY22 BUSINESS PERFORMANCE IMPROVED — BOTTOM-LINE CONTAINS NON-CASH PPA ADJUSTMENTS International Results (in Rs Million) Standalone Results Q2 FY22 later Ce B PPA iminatiorn Q1 FY22 Q2 FY22 (Note (Note ii) s B Revenue from Operations 4,702 Cost of materials consumed 695
Slide 13: Segmental Overview — Q2 FY22
Segmental Overview — Q2 FY22 { Standalone 5% 3% Revenue International Consolidated Standalone 9 4% ~ 9% N 13 International Consolidated " N GMM Pfaudler Defining the standard @
Slide 14: Integration Update
Integration Update GMM Pfaudler™ Defining the standard
Slide 15: Project Apollo
Project Apollo Operational Excellence Value Sourcing Cross-Selling i ! Capture customer wallet share through ' ! cross selling and product portfolio \ | enhancement \ Implement GMM's lean- production model Leverage GMM's low-cost capabilities to H Hl , increase market share and margins across Hl H t
Slide 16: Appendix
Appendix GMM Pfaudler™ Defining the standard
Slide 17: Consolidated
Consolidated GMM Pfaudler™ Defining the standard
Slide 18: Consolidated Results — H1 FY22
Consolidated Results — H1 FY22 \_Y 18 REVENUE 11,989 3,407 H1FY22 HIFY21 PROFIT AFTER TAX* 831 460 H1IFY22 HIFY21 “Excluding PPA adjustments related to PFI acquisition. Backlog is net of POC. Figures in INR Mn EBITDA* 1,763 H1FY22 H1FY21 ORDER BACKLOG 18,135 4,027 H1IFY22 H1FY21 GMM Pfaudler Definin
Slide 19: Consolidated Cash Flow Statement — H1 FY22
Consolidated Cash Flow Statement — H1 FY22 Figures in INR Mn Bee eee ee pe eee ees Be _) BUSINESS CASH | APPLICATION |. ---I INVESTMENTS & Li. ? GENERATION OF CASH S47 FUNDING ~ foes bol Ia ¢ L---------- ! V7 . I 842 i I : thi " Ih me | rough interna | 400 -527 - —i ___ i ! met 24 — 2435 | Hn 44 i |
Slide 20: Standalone
Standalone GMM Pfaudler™ Defining the standard
Slide 21: Standalone Results — H1 FY22
Standalone Results — H1 FY22 \ Sf Figures in INR Mn REVENUE EBITDA 947 3,773 2,850 H1FY22 HIFY21 H1FY22 H1FY21 PROFIT AFTER TAX ORDER INTAKE 550 5,214 & 414 3,348 H1IFY22 HIFY21 H1IFY22 HIFY21 21 GMM Pfaudler Defining the standard @
Slide 22: Standalone Balance Sheet
Standalone Balance Sheet Particulars 30.09.21 31.03.21 Figures in INR Mn Ss 30.09.21 31.03.21 Shareholder's equity 4,070 3,574 Fixed Assets 2,070 L474 Non-controlling interests ie) ie) Goodwill & Intangibles 284 320 Debt 1447 1054 Receivables 946 1130 Pension liabilities fe} ie} Inventory 1554 1127
Slide 23: Standalone Revenue (Legacy Segments)
Standalone Revenue (Legacy Segments) Figures in INR Mn Po H1 FY22 H1 FY21 FY21 FY20 Glass lined Equipment 2,496 1,708 4,013 3,547 Heavy Engineering S94 568 959 502 Proprietary Products 1,436 1114 = Legacy segments are being disclosed this year additionally for reference/comparison purposes only = Pr
Slide 24: International
International GMM Pfaudler™ Defining the standard
Slide 25: International Results — Q2 FY22
International* Results — Q2 FY22 REVENUE oe 2 4,089 Q2FY22 QIFY22 Q2FyY21"* 6,279 3,370 Q2FY22 QIFY22 Q2FY21"* S04 EBITDA Figures in INR Mn ORDER INTAKE Q2FY22 13,587 8,610 Q2FY22 QIFY22 Q2FY21"* * Includes Mavag & PFI, Excluding inter-company eliminations. ** Q2FY21 includes PFI (management reporti
Slide 26: International Results — H1 FY22
International* Results — H1 FY22 Figures in INR Mn REVENUE EBITDA 910 8791 7,386 10% 601 HIFY22 HIFY21"* HIFY22 H1FY21** ORDER INTAKE 11,529 13,587 9% 7,238 a oo 8,610 H1FY22 H1FY21** H1FY22 H1FY21** * Includes Mavag & PFI, Excluding inter-company eliminations. ** HIFY21 includes PFI (management rep
Slide 27: Other Updates
Other Updates GMM Pfaudler™ Defining the standard
Slide 28: Working Capital Summary
Working Capital Summary Figures in INR Mn CONSOLIDATED STANDALONE QW Inventory Summary 30.09.21 31.03.21 Inventory Summary 30.09.21 31.03.21 Inventory 6,103 5,384* Inventory 1554 1127 Customer advances 3,709 2,879 Customer advances 957 564 Net funding required for inventory 2,394 2,505 Net funding r
Slide 29: Consolidated Profitability Metrics
Consolidated Profitability Metrices 1 EARNINGS PER SHARE (EPS) \ (' RETURN METRICES Figures in INR 972 316% | C ; - FY19 FY20 + EV21 * HIFY22 FY19 FY20 Restated + FY2L + HLFY22 (Annualised) (Annualised) —®-RoE —*-RoCE < *Consolidated figures exclude acquisition costs and PPA adjustments related to P
Slide 30: Thank You
Thank You GMM Pfaudler™ Defining the standard