Aeroflex Industries Ltd. · NSE:AEROFLEX
Aeroflex Industries — H1 FY24 Earnings Presentation
30 slides from Aeroflex Industries's earnings presentation
Slide 1: Aeroflex Industries Limited Q2 & H1 FY24 Investor Presentation
Aeroflex Industries Limited Q2 & H1 FY24 Investor Presentation
Slide 2: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Aeroflex Industries 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 s
Slide 3: MD's Message
MD’s Message Commenting on the results, Mr. Asad Daud – Managing Director said, “This has been a momentous quarter for the company with the listing on stock exchanges, we would like to thank all our shareholders, employees and all other stakeholders. We are pleased to registered the healthy performa
Slide 4: IPO Listing
IPO Listing ▪ Aeroflex Industries IPO comprised of a fresh issue of equity shares of the value of ₹162 crore and an offer-for-sale (OFS) of the value of ₹189 crore equity shares by the promoter, Sat Industries Limited (BSE & NSE Listed Company) ▪ IPO subscribed 97.11 times ▪ The public issue subscri
Slide 5: Q2 & H1 FY24 Performance Highlights
Q2 & H1 FY24 PERFORMANCE HIGHLIGHTS
Slide 6: Q2 & H1FY24 Performance Highlights
Q2 & H1FY24 Performance Highlights Total Income EBITDA (Rs. Crs) PAT (Rs. Crs) (Rs. Crs) 17.83% 21.35% 11.04% 13.71% 84.43 Q2FY24 18.02 11.58 68.15 12.15 7.52 Q2FY23 Q2FY24 Q2FY23 Q2FY24 Q2FY23 Q2FY24 Margin 18.07% 20.73% 11.60% 13.46% 34.90 22.66 168.35 25.03 16.07 138.51 H1FY24 H1FY23 H1FY24 H1FY2
Slide 7: Consolidated Profit & Loss Statement
Consolidated Profit & Loss Statement Profit & Loss (Rs. Crs) Q2 FY24 Q2 FY23 YoY H1 FY24 H1 FY23 YoY FY23 Revenue from Operations 84.08 68.15 23.3% 167.01 138.50 20.6% 269.46 Other Income 0.36 0.00 1.35 0.00 0.04 Total Income 84.43 68.15 23.8% 168.35 138.51 21.5% 269.50 Cost of Material Consumed 52.
Slide 8: Consolidated Balance Sheet
Consolidated Balance Sheet Assets (Rs. Crs) Sept-23 Mar-23 Equity & Liabilities (Rs. Crs) Sept-23 Mar-23 Non - Current Assets 77.4 59.54 Total Equity 274.07 114.09 a. Property Plant & Equipment 56.03 55.54 Share Capital 25.86 22.86 b. CWIP 15.95 0.64 Other Equity 248.21 91.23 c. Intangible assets 0.
Slide 9: Cash Flow Statement
Cash Flow Statement Particulars (Rs. Crs) Sept-23 Sept-22 Net Profit Before Tax 29.95 21.22 Adjustments for: Non -Cash Items / Other Investment or Financial Items (2.69) (1.35) Operating profit before working capital changes 27.27 19.87 Changes in working capital (13.95) (19.30) Net Cash from Operat
Slide 10: India's leading flexible flow solution provider
India’s leading flexible flow solution provider
Slide 11: Distinctive Capabilities
Distinctive Capabilities Leading Manufacturer of Metallic Responsible Corporate flexible flow solutions 01 07 Scalable and Customized flexible flow 02 06 Innovation & Strong R&D led Business solution products 03 05 De-risk and Diversified Portfolio State of the art Infrastructure 04 Serving multiple
Slide 12: Leading Manufacturer of Metallic flexible flow solutions
1. Leading Manufacturer of Metallic flexible flow solutions Incorporated in 1993, part of the promoter group Sat Industries Limited (BSE & NSE Listed In-House R&D Company) XX% NABL Accredited Lab Leading Manufacturer of Metallic flexible flow solutions XX% Used for controlled flow of all forms of su
Slide 13: Scalable and Customized flexible flow solution products
2. Scalable and Customized flexible flow solution products SS Flexible Hoses with Others Assemblies & Fittings & without Braiding 63.8% 27.6% 8.6% • SS hoses are designed to withstand • Fittings affixed to both ends of flexible • Braiding: Single braid, Multiple braid high pressures, extreme tempera
Slide 14: De-risk and diversified Portfolio
3. De-risk and diversified Portfolio Product Segments Domestic: Export Mix 9% SS Flexible Hoses with & without Braiding 15% Exports 27% Assemblies & Fittings Domestic 64% Others 85% Geographical Split End user Industries 1% Steel Europe 2% 11% 28% 24% Oil, Gas & Refineries America 28% Asia Chemicals
Slide 15: Serving multiple end user Industries
4. Serving multiple end user Industries Wherever There's Critical Flow, Aeroflex Leads the Way Current Major Industries New Age Industries Steel & Metal Oil & Gas Chemicals Semiconductors Aerospace and Electric Mobility Satellite Sea Port Terminal Paper and Pulp Pharmaceutical Solar Fire Sprinklers
Slide 16: State of the art Infrastructure
5. State of the art Infrastructure Well-equipped Infrastructure Situated at Production Capacity Machine Lines Employee strength 12.5 million meters 80+ lines 400+ people Taloja, Navi Mumbai Presence in Strategically Located H1FY24 Capacity Utilisation In-house Design And R&D Laboratory 80+ Countries
Slide 17: Innovation & Strong R&D led Business
6. Innovation & Strong R&D led Business Key Products developed recently / under research and development Bronze Metal Flexible Flow Solutions Bronze hoses for HVAC (Heat Ventilation and Air-conditioning) 55+ 11 A-704 Hoses Higher thickness hose and longer lengths without joint (Mechanical Formed) Pr
Slide 18: Responsible Corporate
7. Responsible Corporate Sustainability Integrated across the Use of Non-emitting Technology and Operations Recycled Consumables • Green process with negligible use of fossil fuels • The production technologies are zero emission • 100% recycling of water with an In-house water treatment • Use of pac
Slide 19: Putting Employees Wellbeing First
Putting Employees Wellbeing First Aeroflex has an Occupational Healthcare Center and Mind & Body Wellness Center, at its facility in Taloja, Navi Mumbai, to address any emergencies and health and well being of employees ▪ Well equipped with trained & qualified nurses and medical equipment ▪ Dedicate
Slide 20: Way Forward
VW AEROFLEX INDUSTRIES LIMITED ‘Commitment to Excellence Way Forward
Slide 21: Capacity Expansion plans
Capacity Expansion plans Capacity Expansion (Mn Mtrs) 16.5 13.5 3.0 11.0 1.0 1.5 Capacity Phase 1 - Phase 1 - Ongoing Post Phase 1 Phase 2 - Pipeline Post Phase 2 (Mar-23) Completed (FY 24) Completion (FY25e) Expansion (Sept-23) • As part of Phase 1's capacity expansion project, 1.5 million meters w
Slide 22: Backed by strong Industry growth
Backed by strong Industry growth Global Market (USD Bn) ▪ Global market for SS flexible hose has grown at a CAGR of 8.2% to value at approximately USD 3.3 Bn in 2022 ▪ Traditionally, the demand for Flexible Flow Solutions made with Stainless Steel Corrugation was largely driven by the industrial sec
Slide 23: Way Forward
Way Forward Capacity Expansion The company will expand Higher Value Added products existing capacity in a phased manner from 12.5 mn mtrs to 13.5 mn mtrs by Mar’24. The company aims to augment its revenue share by Entering New Industries focusing on the high-margin product segment, specifically With
Slide 24: Annexures
VW AEROFLEX INDUSTRIES LIMITED ‘Commitment to Excellence Annexures
Slide 25: Board of Directors
Board of Directors Asad Daud Ramesh Soni Partha Sarathi Sarkar Shilpa Bhatia Managing Director Independent Director Independent Director Independent Director • Masters in Accounting and Finance from • Bachelor’s and master’s degree in law London School of Economics • Practicing CA with an experience
Slide 26: Restated Consolidated Profit & Loss Statement
Restated Consolidated Profit & Loss Statement Profit and Loss (in Rs. Crs) FY23 FY22 FY21 Revenue from Operations 269.46 240.80 144.77 Other Income 0.02 0.19 0.06 Total Income 269.48 240.99 144.84 Cost of Materials Consumed 187.85 156.33 94.48 Changes in Inventories (17.78) (0.27) (0.92) Employee Co
Slide 27: Restated Consolidated Balance Sheet Statement
Restated Consolidated Balance Sheet Statement Assets (Rs. Crs) FY23 FY22 FY21 Equity & Liabilities (Rs. Crs) FY23 FY22 FY21 Non - Current Assets 59.54 54.47 46.21 Total Equity 114.09 86.22 58.72 a. Property Plant & Equipment 55.54 45.82 43.02 Share Capital 22.86 22.86 22.86 b. CWIP 0.64 6.35 - Other
Slide 28: Key Ratios
Key Ratios Revenue (Rs. Cr) EBITDA (Rs. Cr) PAT (Rs. Cr) 54.1 30.2 46.9 27.5 269.5 240.8 144.7 22.4 6.0 FY21 FY22 FY23 FY21 FY22 FY23 FY21 FY22 FY23 RoCE (%) RoE (%) Net Debt-Equity (x) 36.3% 31.9% 0.9 31.9% 26.4% 0.5 17.1% 0.4 10.2% FY21 FY22 FY23 FY21 FY22 FY23 FY21 FY22 FY23 28
Slide 29: Glossary
Glossary TERM DETAIL SKU Stock Keeping Units SS Stainless Steel OEM Original Equipment Manufacturers MRO Maintenance, Repair and Operations NABL National Accreditation Board for Testing and Calibration Laboratories PTFE Polytetrafluoroethylene Mn Mtrs Million Meters 29
Slide 30: Thank You!
THANK YOU! Strategic Growth Advisors Pvt. Ltd. CIN - U74140MH2010PTC204285 Aeroflex Industries Limited Ms. Manasi Bodas/ Ms. Shaily Patwa CIN - U24110MH1993PLC074576 manasi.bodas@sgapl.net/ shaily.p@sgapl.net Email: corporate@aeroflexindia.com +91 9821043510 / +91 9819494608