Jtl Industries Limited · NSE:JTLIND
Jtl Industries — JTL Infra — Q2 FY22 Earnings Presentation
40 slides from Jtl Industries's earnings presentation, Oct 14, 2021
Slide 1: Electronic filing cover letter to stock exchanges
ELECTRONIC FILING JTL/CHD/SE/2021-22/041 October 14, 2021 Corporate Relationship Services Corporate Relationship Services BSE Limited Metropolitan Stock Exchange of India Limited 25TH Floor, P.J. Towers, 4th Floor, Vibgyor tower, Opposite Trident Dalal Street, Hotel Bandra- Kurla Complex Mumbai 400
Slide 2: JTL Infra Limited Q2 & H1 FY22
JTL INFRA Limited Q2 & H1 FY22 JTL Infra Limited
Slide 3: Table of Contents
Table of Contents Financial Highlights Company Overview Industry Overview Business Overview Way Ahead JTL Infra Limited 2
Slide 4: Safe Harbour
Safe Harbour This presentation has been prepared by JTL Infra Limited (the “Company”) solely for information purposes and does not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form the basis or be relied on in connection with any contr
Slide 5: Financial Highlights
JTL Infra Limited Financial Highlights
Slide 6: Financial Highlights – Q2 FY22
Financial Highlights – Q2 FY22 Rs. Cr Q2 FY22 Q2 FY21 Y-o-Y(%) Q1 FY22 Revenue from Operations 263.09 79.88 229.36% 179.02 Raw Materials 235.67 71.81 165.05 • Company recorded Employee Cost 4.00 0.69 0.71 highest ever Other Expenses 3.98 2.01 2.39 quarterly Sales Total Expenditure 243.66 74.51 168.1
Slide 7: Financial Highlights – H1 FY22
Financial Highlights – H1 FY22 Rs. Cr H1 FY22 H1 FY21 Y-o-Y(%) Revenue from Operations 442.11 130.63 238.44% Raw Materials 400.72 118.34 Employee Cost 4.72 1.20 • 173% increase in Other Expenses 6.37 3.36 volume sold coupled Total Expenditure 411.81 122.90 with higher EBITDA 30.30 7.73 292.07% reali
Slide 8: Recent Developments – H1 FY22
Recent Developments – H1 FY22 Board approved - Sub-division of each equity share of face value of Rs.10/- each into 5 equity shares, each of face value of Rs.2 – Record Date being October 16, 2021 Also approved a dividend of Rs.2/- per equity share of Rs.10 each In line with Company's well-t
Slide 9: Financial Performance
Financial Performance Revenue (Rs. Cr.) EBITDA (Rs. Cr.) / Margin (%) 500 435.8 442.1 7.5% 35 8.7% 10% 7.4% 30.3 400 30 7.1% 321.9 8% 25 300 229.9 32.8 20 23.7 16.4 6% 14.7 200 169.7 15 3.3% 6.9% 114.1 4% 10 100 2% 5 3.8 0 0 0% FY17 FY18 FY19 FY20 FY21 H1 FY22 FY17 FY18 FY19 FY20 FY21 H1 FY22 PAT (R
Slide 10: Revenue Mix
Revenue Mix Product wise Sales Volume (MT) Revenues (Rs. Crore) Total volume Total volume Total volume Total volume Total Total Total Total 58,061 47,627 86,771 69,457 Rs. 320 Cr Rs. 436 Cr Rs. 442.11 Cr Rs. 230 Cr 44,191 246 32,449 184 171 26,433 27,739 153 24,596 21,229 133 122 18,154 17,154 85 84
Slide 11: Balance Sheet Highlights
Balance Sheet Highlights As on 30th As on 31st As on 30th As on 31st Rs. Crs Rs. Crs Sept’21 Mar’21 Sept’21 Mar’21 Shareholders Funds 125.89 96.91 Non-current Assets 32.46 29.49 Share Capital 10.61 10.61 Fixed Assets 31.45 28.48 R&S 115.28 86.30 Capital work in progress 0.00 0.00 Non Current Liabili
Slide 12: Key Financial Data
Key Financial Data Net Working Capital Days Net Debt (Rs. Cr.) 140 140 129 120 120 96 100 100 81 80 62.5 80 65 57.5 60 60 40 34.9 40 21.2 20 20 0 0 FY18 FY19 FY20 FY21 FY18 FY19 FY20 FY21 EBITDA/Ton (Rs.) 5,000 4,575 4,500 4,078 4,000 3,779 3,447 3,500 3,000 2,500 2,000 1,500 1,000 FY18 FY19 FY20 FY
Slide 13: Key Financial Data
Key Financial Data Debt/Equity (x) RoA (%) 0.91 0.95 13.44% 0.80 0.65 11.10% 9.58% 7.14% FY18 FY19 FY20 FY21 FY18 FY19 FY20 FY21 RoCE (%) RoE (%) 32.23% 30.00% 32.87% 34.15% 22.36% 20.70% 14.83% 16.46% FY18 FY19 FY20 FY21 FY18 FY19 FY20 FY21 ROE = Net Profit/ Net Worth, ROA = Net Profit/ Total Asset
Slide 14: Company Overview
JTL Infra Limited Company Overview
Slide 15: JTL Infra at a Glance
JTL Infra at a Glance Among India’s Leading manufacturer of ERW steel tube pipes Flagship company of the Jagan Group Incorporated as Jagan Tubes Pvt. Ltd. in 1991, name changed to JTL Infra Ltd. in year 2008 Strong & Diversified Product Portfolio Hot dipped Galvanized Steel Tubes and Pipes B
Slide 16: Our Business Motto
Our Business Motto Discover our strength We have opted for the latest technology and more efficient equipment in its on-going expansion projects. With the state- of-the- art facilities, JTL shall be able to substantially improve the techno-economic parameters. With expanded units opting for latest t
Slide 17: Strong Management
Strong Management • 30 years of rich experience in steel industry Mr. Madan Mohan Singla • In depth knowledge of steel & pipe Industry Managing Director • Known for his business finance and strategic abilities • More than 27 years of experience in steel industry Mr. Rakesh Garg • Specifically assign
Slide 18: 6 16
6 16
Slide 19: Strong Management
Strong Management • M.Com from Delhi School of Economics, LLB from Law Centre, University of Delhi, CAIIB Mr. Bhupinder Nayyar • 38 years of vast exposure in Banking Industry in different areas of its operations Independent Director • Rich experience of capital markets, banking, regulatory affairs &
Slide 20: Key Strengths & Unique Capabilities
Key Strengths & Unique Capabilities 01 02 03 04 05 State of Art Manufacturing Facilities Rich Managerial Quality Standard and & Advanced R&D Capabilities Experience Assurance Diversified Dynamic & Rich Adherence to quality Well equipped with latest experience in special standards across all st
Slide 21: Industry Overview
JTL Infra Limited Industry Overview
Slide 22: Industry We Cater To
Industry We Cater To Welded Ductile Iron Seamless ERW SAW ERW Precision Oil & Gas, (Structural/ Commercial) Potable Water & (HSAW & LSAW) (DOM) Engineering, Sewage Automotive and Transportation Traditional: Engineering, Auto, Power, Oil & Power Oil & Gas, Gas(Last mile, city gas distribution), Water
Slide 23: Strong Demand for Steel Tubes & Pipes
Strong Demand for Steel Tubes & Pipes* JTL Infra Limited *1 Research Reports/Company Estimates 2. Including Oil and Gas Segment 21
Slide 24: India at the start of Structural Steel Usage
India at the start of Structural Steel Usage Structural Steel Tubes Market as % of Steel Potential Structural Steel Tubes Market in Market (2019) India (Mn Tons) 11 22 9 9 8 8 7 13 4 4 Global Europe Latam Japan Middle North India 2019 2023E 2030E East America Structural Steel Tube Market India has h
Slide 25: Structural Steel Tubes essential for new age construction
Structural Steel Tubes essential for new age construction Growth Drivers Benefits Growing vertical model of development Environmentally friendly Increased Spending on Skyscrapers Recyclable & lower greenhouse gas emission Higher expenditure on infrastructure No underwater usage unlike co
Slide 26: Industry Structure-ERW Pipes
Industry Structure-ERW Pipes 4-5% 7-8% Current Market Organisation Formalisation of Economy – Organised as ERW pipe market Unorganised 45% becomes more and more 55% quality conscious, there Growth in Estimated Growth would be some pressure on the unorganized players for last 5 years in coming 5 year
Slide 27: New Opportunities to revolutionize construction industry
New Opportunities to revolutionize construction industry JLL (a global real estate services firm) projects that there will be 344 Mn sq. ft of warehousing space in Warehousing India by 2022 Logistics, engineering, auto and ancillaries, e-commerce, FMCG, retail and telecom, and white goods have r
Slide 28: Industry Revolution
Industry Revolution Conventional Why Structural Steel Tube replaces Applications Construction Products these products? Uniform Strength, Lower steel consumption Low Diameter Steel Tubes/Low Cost Effective, Termite Proof, Load Bearing Environmentally Friendly Cost Effective, Higher Strength Faster Co
Slide 29: Ready to Capitalize on Opportunities
Ready to Capitalize on Opportunities Potential structural steel market size of: Opportunity 13Mn ton by 2023 Size.. 22Mn by 2030 Where we FY21 sales volume was 86,771 MT are.. Current capacity is 3 lakhs MT Future capacity addition linked to market potential New innovative products Our
Slide 30: On path of Premiumization..
On path of Premiumization.. 1 2 3 4 5 › Moving towards › Focusing on products › Consumer centric › Leveraging JTL Infra › Innovative sizes/new solution driven which are approach brand equity applications where offerings and heavy aesthetically competition is behind weight structural steel appealing
Slide 31: Business Overview
JTL Infra Limited Business Overview
Slide 32: Products & Uses
Products & Uses Product Description Uses Hot dipped Galvanized Steel Tubes and Pipes Automotive and industrial applications ERW Pipes for water, gas & sewerage, Steel tubes ERW Black & Hollow for idlers of belt conveyors, water wells and Lancing Steel Tubes and Pipes Pipes for various automotive & i
Slide 33: Uses of ERW Steel Tubes
Uses of ERW Steel Tubes Irrigation & Agriculture Construction & Building Energy & Engineering Core Infrastructure Heavy Vehicles Material Agriculture Green Constructions Solar Plants Airports Truck & Bus Implements Buildings/Structures Power Plants Ports Body Drip Irrigatio
Slide 34: Dominant Exports
Dominant Exports Export Rs. In Crore 80 67 70 60 50 43 46 46 40 30 20 10 0 FY18 FY19 FY20 FY21 - JTL is Only Integrated GI pipe and Solar Structure production unit in Punjab - Proximity to regions of Himachal, Jammu & Kashmir and Leh where there are no other such units present - Location of JTL Mang
Slide 35: Product Mix
Product Mix* Industry wise Mix (Sales Value) Product wise Mix (Volume) Solar Tubes 1.24% Engineering & Coils & Others Heavy Vehicles (including Construction Irrig. & Water 12.59% scrap) 17.46% 35.14% Transport Black Pipe & Hollow 12.67% Section 47.26% GI Pipe 34.04% Core Infra 39.60% * As per full y
Slide 36: Way Ahead
JTL Infra Limited Way Ahead
Slide 37: Mission 1 Million MT: Blueprint
Mission 1 Million MT : Blueprint Phase II Phase IV 3 lakhs MTPA capacities Increase in capacity in to be added in line with Mandi-Gobindgarh long term pre-defined (Punjab) by 1 lakhs business plans at Phase I MTPA different locations Completed modernization and Addition of another 1 Phase II
Slide 38: Solid Future Outlook
Solid Future Outlook Targeting above-industry average growth rate Investing in technology, resources Think Tank and Execution Team, to further increase EBIDT, Net Manufacturing, Operations, Marketing plans Margin per MT and return ratios already in place and we are committed to 01 thereby in
Slide 39: ESG Initiatives
ESG Initiatives Environment Social Governance M/s Suresh K Aggarwal & Co. for Committed towards a cleaner, Contribute towards skill statutory audit, M/s. Arvind Singla greener and healthier environment development among the local & Associates for internal audit and Optimise energy consumpti
Slide 40: Thank You!
THANK YOU! Any questions? For further information, please contact: Mr. Pranav Singla Executive Director Email: finance@jtlinfra.com Website: www.jtlinfra.com JTL Infra Limited 38