Elgi Equipments Limited · NSE:ELGIEQUIP
Elgi Equipments — Q3 FY25 Earnings Presentation
17 slides from Elgi Equipments's earnings presentation, Feb 11, 2025
Slide 1: Presentation of Analyst/Investor Concall cover letter
February 11, 2025 National Stock Exchange of lndia Ltd. BSE Limited Exchange Plaza Phiroze Jeejeebhoy Towers C-1, Block G Bandra Kurla Complex Dalal Street Bandra (E) Mumbai - 400 001 Mumbai - 400 051 Through: NEAPS Through: BSE Listing Centre Dear Sir/Madam, Subject: Presentation of Analyst/Investo
Slide 2: Analyst Call Q3 FY25
Analyst Call Q3 FY25 11 February 2025
Slide 3: EBITDA reconciliation Q3 FY25 vs Q3 FY24
Q3 FY 25 VS Q3 FY 24 EBITDA reconciliation INR Mn ❑ Sales grew by 3.1%, Contribution by 3.5% mainly due to product mix ❑ EBITDA should have been INR 1,453 Mn based on the contribution of increased sales ❑ However, EBITDA is INR 1,230 Mn. This is on account of ❑ Increase in Employee cost – INR 39 Mn
Slide 4: Sales highlights
Q3 FY 25 Sales highlights INR Mn 120+ Countries where ELGi does business 28 vs. Previous year Countries with INDIA direct presence NORTH AMERICA EUROPE AUSTRALIA 3 ATS Countries with MIDDLE EAST manufacturing presence BRAZIL SOUTH EAST ASIA Confidential. For Internal Circulation Only | Copyright © EL
Slide 5: Financial highlights
Q3 FY 25 Financial highlights INR Mn Revenue PBT FY25 Q3 8,476 FY25 Q3 1,086 FY25 Q2 8,689 FY25 Q2 1,307 FY25 Q1 8,011 FY25 Q1 1,000 FY24 Q3 8,218 FY24 Q3 1,143 Revenue PBT ❑ Growth over Previous year by 3% ❑ Declined from Previous year by 5% Confidential. For Internal Circulation Only | Copyright ©
Slide 6: Sales Mix
Q3 FY 25 Sales Mix Compressors Vs. Automotive 9% 8% 8% 8% 8% 9% 8% 91% 92% 92% 92% 92% 91% 92% Q1 FY24 Q2 FY24 Q3 FY24 Q4 FY24 Q1 FY25 Q2 FY25 Q3 FY25 Compressors Automotive Compressors - India vs ROW 47% 55% 52% 46% 51% 50% 51% 53% 45% 48% 54% 49% 50% 49% Q1 FY24 Q2 FY24 Q3 FY24 Q4 FY24 Q1 FY25 Q2
Slide 7: Consolidated financials
Consolidated financials INR Mn INR Mn Q3 FY24 Q2 FY25 Q3 FY25 YTD Dec 23 YTD Dec 24 Sales 8,218 8,689 8,476 23,518 25,175 Material Cost 4,016 4,125 4,127 11,423 12,100 Employee Cost 1,689 1,696 1,727 4,853 5,107 Other Expenses 1,207 1,450 1,391 3,655 4,154 EBITDA 1,306 1,418 1,230 3,587 3,814 Deprec
Slide 8: Net Cash Position
Q3 FY 25 Net Cash Position INR Mn Net cash 3,627 2,140 2,033 1,897 1,381 Particulars Mar-24 Dec-24 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Debt (5,605) (4,098) Cash 7,745 7,725 Net Cash 2,140 3,627 Confidential. For Internal Circulation Only | Copyright © ELGI EQUIPMENTS LIMITED 2024 | All Rights Reserved
Slide 9: Revolutionizing Air Compressor Operation
Revolutionizing Air Compressor Operation Enhanced Reliability and Efficiency through Stability Confidential. For Internal Circulation Only | Copyright © ELGI EQUIPMENTS LIMITED 2025 | All Rights Reserved 8
Slide 10: Compressor Usage in a Typical Plant
Compressor Usage in a Typical Plant UE1 UE : User Equipment Supply Air Compressor UE2 UE3 UE4 UE5 Varying Plant Plant Demand ▪ The gap between compressor Supply and plant Demand will cause unstable compressor operation leading to Efficiency and Reliability Challenges. ▪ Variable Frequency Drive (VFD
Slide 11: Compressor Operation Without and With VFD
Compressor Operation Without and With VFD Fixed Speed Compressor Compressor with VFD 30% more Resultant line Pressure expensive ▪ The compressor operation is unstable due to fluctuation in demand with or without VFD. ▪ VFD will have failures on electrical components due to speed and current variatio
Slide 12: Introducing – "Stabilisor"
Introducing – “Stabilisor” The Principle is Simple: “Recirculate” & “Recover” Recirculate the Excess Capacity within the system Capitalize all possible avenues for any loss Recovery. The Technique and Control are Novel Confidential. For Internal Circulation Only | Copyright © ELGI EQUIPMENTS LIMITED
Slide 13: Stabilisor Architecture
Stabilisor Architecture Stabilisor Stabilisor valve-2 valve-1 Stabilisor row r="4" spans="1:10" x14ac:dyDescent="0.2"> <c r="A4" s="34" t="s"> <v>56</v> <row r="5" stabilisor="1:10" x14ac:dyDescent="0.2"> <Stabilisor=B52+D54+ + Intelligent Logic Confidential. For Internal Circulation Only | Copyright
Slide 14: Compressor Operation With VFD and Stabilisor
Compressor Operation With VFD and Stabilisor Compressor Compressor + VFD Compressor-Stabilisor Periodic Random Unload 30% more expensive Resultant line Pressure Unstable Operation Stable Operation There will not be any fluctuations in the compressor with the Stabilisor System Confidential. For Intern
Slide 15: Pressure Fluctuations: Field Condition – Standard vs Stable
Field Condition – Standard vs Stable Standard Machine Excessive Fluctuations Pressure Fluctuations Highly Unstable Machine With Stabilisor No Fluctuations Highly Stable Confidential. For Internal Circulation Only | Copyright © ELGI EQUIPMENTS LIMITED 2025 | All Rights Reserved 14
Slide 16: Customer Testimonial
Customer Testimonial Based on the savings envisaged at this site conditions ▪ The complete machine will be paid back in 2 years ▪ The Stabilisor system will be paid back in Couple of Months Confidential. For Internal Circulation Only | Copyright © ELGI EQUIPMENTS LIMITED 2025 | All Rights Reserved 15
Slide 17: Thank you
Thank you