Apar Industries Limited · NSE:APARINDS
Apar Industries — Investor Day (August 2024)
151 slides from Apar Industries's investor day presentation, Aug 28, 2024
Slide 1: Exchange filing: submission of audio recording and presentation
SEC/2808/2024 E-Filing August 28, 2024 National Stock Exchange of India Limited BSE Limited “Exchange Plaza”, Corporate Relations Department, C-1, Block G, Phiroze Jeejeebhoy Towers, Bandra- Kurla Complex, Dalal Street, Bandra (E), Mumbai – 400 051. Fort, Mumbai - 400 001. Scrip Symbol : APARINDS Sc
Slide 2: Investor Day August 28, 2024
INVESTOR DAY AUGUST 28, 2024 11 EMPOWERING THE GLOBAL ENERGY TRANSITION Investor Day Investor Presentation Day – August 2024 2023
Slide 3: Business Overview
INVESTOR DAY PRESENTATION Business Overview Mr. Kushal Desai – Chairman and Managing Director 2 EMPOWERING THE GLOBAL ENERGY TRANSITION Investor Day – August 2024
Slide 4: About APAR
About APAR Our Mission (Why we exist): Our Values: To design & manufacture Building Blocks for Energy Infrastructure, Transportation & Telecommunication Sectors that contribute meaningfully to make this world a more energy efficient, environmentally sustainable and safer place. A P A R I A N Our Vis
Slide 5: Our Businesses
Our Businesses Leading the innovation curve as the world’s 3rd largest transformer oil manufacturer and with a comprehensive range of over 350 products in speciality oils, process oils & lubricants. Largest exporter of Transformer oils from India. One of the top 10 players in the lubricants industry
Slide 6: The Global Energy Perspective
The Global Energy Perspective Energy Consumption to Double; Electricity to Increase 4x o Greenhouse gases (GHG) are emitted locally but the effect is o Of the incremental consumption, 75-95% to come from renewable global, causing global warming. sources with zero emissions. o Governments and busines
Slide 7: Our Growth Drivers Remain Intact
Fundamentally, Our Growth Drivers Remain Intact Addition of Renewable energy Transmission Infrastructure Wind, Solar & Expansion Development Nuclear Business Cables, Overhead conductors Overhead conductors, Cables, Lubricants verticals CTC, Transformer oils Transformer oils, CTC Public Manufacturing
Slide 8: Renewables Set to Dominate New Generation Energy
Renewables Set to Dominate New Generation Energy (40-65) (20-40) Historical Projection 1 – Excludes generation from storage 2 – Others includes bio energy Source: Mckinsey global energy perspective 2023 3 – Includes gas & coal plants 77 EMPOWERING THE GLOBAL ENERGY TRANSITION Investor Day – August 2
Slide 9: Renewables – Strong Opportunity for all Business Verticals
Renewables – Strong Opportunity for all Business Verticals Renewable Power Generation Power Transmission (Sub Station/Grid) Power Distribution String Cables, Low Voltage Cables, Nacelle Wiring, Transformer Oil, CTC Conductors PICC Conductors, T&D Traditional Application based Cables and Wires, APAR
Slide 10: Products Spanning Generation, Transmission and Distribution
We are Unique – We have Products Spanning Generation, Transmission and Distribution Nacelle Cable Low Voltage cable Torsion cable Control cable Earthing cable Fire Resistant LAN cable OFC cable Generation Transformer Oil CTC Conductor PICC Conductor Traditional New Generation OPGW Turnkey Transmissi
Slide 11: Renewables: Global Tracking Progress
Global: Tracking Progress of Key Energy System Components Progress Indicators Recent years 2030 2050 (off/on track) Electrification with renewables Share of renewables in 17% 35% 82% final energy consumption Share of renewables in electricity generation 28% 68% 91% Renewable power 295 GWyr 975 GWyr
Slide 12: Renewables: India Tracking Progress
India: Tracking Progress of Key Energy System Components Indicators Recent years 2030 Electrification with renewables Share of renewables in 40% 50% final energy consumption Renewable power 191 GW 500 GW Renewables capacity Annual solar 87 GW 170 GW PV additions Annual wind energy 47 GW 100 GW Inves
Slide 13: Business Overview
INVESTOR DAY PRESENTATION Business Overview Mr. Chaitanya Desai – Managing Director 12 EMPOWERING THE GLOBAL ENERGY TRANSITION Investor Day – August 2024
Slide 14: Generation of RE – India
Generation of RE – India o India – Strong demand on the back of Renewables, Grid strengthening, technically upgraded products replacing conventional older technology products o Solar Generation - concentrated where there is maximum sunshine (Max cap in Rajasthan, Gujarat) o Wind Generation - concent
Slide 15: Remarkable Growth in Transmission Sector
Remarkable Growth in Transmission Sector Particulars Transformation Capacity Transmission Lines o India - fastest country in the world in implementing transmission project 800 KV 18,000 MVA 9,655 ckm 500 KV 13,500 MVA 9,432 ckm o Well established ecosystem in terms of 320 KV 2,000 MVA 288 ckm regula
Slide 16: Beyond Conventional Products: Premium Conductors
Augmenting Electricity Demand Impelled Exploration Beyond Conventional Products Why Premium Conductors? o Growing Urbanisation o Increased standard of living o Rapid electricity transition o Scarcity of land, ROW issues o Power = Voltage * Ampacity o Solutions to increase Ampacity from Premium condu
Slide 17: Additional Revenue Opportunity in OPGW
Additional Revenue Generation Opportunity in OPGW Optical Ground Wire o Utilities monetizing on opportunities in (OPGW Cable) earthing lines by use of OPGW o Seamless data transmission with less hindrances; less risk of damage of fibre when installed overhead as opposed to underground where there is
Slide 18: Devising Products through Innovative Solutions
Devising Products through Innovative Solutions Transmission companies are becoming stringent on Ohmic losses Evaluation of Ohmic Losses and Differential Price Loading Based on the conductor parameters guaranteed by the bidders, average ohmic losses for different type of conductors offered by the bid
Slide 19: Strengthen Distribution Network in Near Future
Focus will be to Strengthen Distribution Network in Near Future o Network grids are adding / upgrading distribution lines o Different solutions for improving reliability Underground cable and longevity of distribution network with (<20 km from coast) minimal cost o Weakest link in the power spectrum
Slide 20: Changing Trends in Distribution Side
Changing Trends in Distribution Side o Ultimate benefit to consumers to get reliable good quality power 365 days o Focused initiative to deliver uninterrupted power at our doorsteps o Reforms in the Distribution Segment ensuring less Commercial losses & Conditional Support from the Central Reforms u
Slide 21: Clear Visibility for Growth in Indian T&D Industry
In summary, there is a clear visibility for growth in Indian T&D industry for short, medium & long term And that, there is change in competitive landscape due to widening gap between large & small players Plus, we are witnessing these trends globally 20 km – 60 km > 60 km 20 EMPOWERING THE GLOBAL EN
Slide 22: Investing in Getting Ourselves Future Ready
At APAR we are Investing in Getting Ourselves Future Ready We continue to invest in Capex & Fungibility 21 EMPOWERING THE GLOBAL ENERGY TRANSITION Investor Day – August 2024
Slide 23: Innovations & Capability Building on Skills, ESG
Innovations & Capability Building on Skills, ESG Sonu Sood as brand ambassador for APAR Anushakti Wires High efficiency covered conductors Specialized turnkey solutions Road movement of hot metal in Jharsuguda 22 EMPOWERING THE GLOBAL ENERGY TRANSITION Investor Day – August 2024
Slide 24: Conductors and Turnkey Solutions
INVESTOR DAY PRESENTATION Conductors and Turnkey Solutions Mr. Manish Agrawal CEO (Conductor & Telecommunications Businesses) and MD (Apar T&D) 23 EMPOWERING THE GLOBAL ENERGY TRANSITION Investor Day – August 2024
Slide 25: Mega Trends Driving Electricity Demand in India
Mega Trends Driving Electricity Demand in India Decarbonization of Economy – #1 India GDP | $ 5-Trillion Target #2 H2 Mission Expected outcome, 2030 Per Capita ~3,000 Electricity Consumption India’s Green Hydrogen , kWh Production Capacity ~ RE Capacity addition of ~ 3rd 125 GW ~1300 5 MMT Annually
Slide 26: Climate Action Will Accelerate Investment in RE & Power Grids
Climate Action will Accelerate Investment in RE & Power Grids Global Investment in Clean Energy, $ Trillion #5 India’s Climate Commitment Historical Investment & need in 2030 under ‘Net Zero by 2050’ Committed to reducing Scenario (IEA) Net ZERO by 2070 emissions intensity (wrt 5 2005) of its GDP by
Slide 27: Massive Infrastructure Push Presenting Multi Year Opportunity
Massive Infrastructure Push Presenting Multi Year Opportunity Offshore Wind, #6 Indicative Auction Trajectory until 2030, GW HVDC ‘Mega Transmission Highways’ under planning or bidding – '23-24 4.5 '25 3.5 o Multiple HVDC '26 7 37 o + 800kV, 6000MW Bhadla – Fatehpur (UP) HVDC System '27 7 GW o + 800
Slide 28: Diverse Portfolio
Diverse Portfolio Products: Wire of Dominant player in Products: ACSR, Electrical grade AL alloy, manufacturing of AL-59 AAAC, ACAR, AAC, Mechanical grade Al conductors GUY WIRE alloy, Welding grade AL TBCB Project and ‘TAL,STAL,XTAL’ Exporting to 100+ landscape have Conventional countries Specialty
Slide 29: Transformation Journey of APAR Conductors
Transformation Journey of APAR Conductors o Bus Bar is launched for use in high voltage & low voltage equipment o Introduced a premium product line viz., o Introduced Copper Railway conductors as per RDSO o One of the first company to successfully test 765 HTLS- ACCC & Turnkey project – specificatio
Slide 30: State-of-the-Art Facilities Strategically Located
APAR’s State-of-the-Art facilities Strategically Located INR 512 crore invested in FY17-FY24 in Conductor Business Manufactures: Conductors Cables Umbergaon Gujarat Utilization 90%; Logistical benefits with proximity to smelters, capture growing generation capacity in Jharsuguda eastern India Manufa
Slide 31: Conventional & HEC Conductors
Conventional & HEC Conductors o Products: ACSR, AAAC, ACAR, AAC, GUY WIRE, AL-59 Growth of Transmission Line, India (220 kV and above), CEA o Industries we cater to: Power Transmission & Distribution 4,85,544 14,203 o Customers: Power Utilities, EPC, Contractors and Distributors 14,895 14,625 16,750
Slide 32: HTLS Conductors – ACCC, ACSS, GAP, STACIR
HTLS Conductors – ACCC,ACSS, GAP, STACIR Technology tie-up with CTC-Global, USA, for ACCC conductors APAR’S PRESENCE IN HTLS….50,000 KMS HTLS o Supplied in Domestic & Export Markets 35,000+ KMs HTLS which is working Satisfactorily o Completed 140+ Power Transmission Lines Reconductoring Projects | ~
Slide 33: Optical Ground Wire (OPGW)
Optical Ground Wire (OPGW) o APAR OPGW in-house design and development. OPGW PROJECT: o We can provide end to end customized solutions. Safely OPGW Installation work on tallest tower 125M under 400kv Chamera-Jalandhar link. o We cater OPGW for special conditions & applications for snow-bound locatio
Slide 34: Aluminium Specialty Alloy Rods & Wires
Aluminium Specialty Alloy Rods & Wires – Largest Global Exporter o Electrical grade aluminium alloy wires - 6101, 6201 grade Industries we cater to, o Mechanical grade aluminium alloy wires - 5052, 5154, 5050, 6061 grade o Cable Industries, Nut & Bolt Manufacturing o Welding grade aluminium wires -
Slide 35: Railway Overhead Conductors
Railway Overhead Conductors o We are No.1 among largest manufacturer in India o 70% of market share Copper Magnesium/ Bronze Jumper Wire o Supplied 31,000 KMs to Indian Railways out of 45,000 KMs of Electrification o Developed special conductors for high-speed & bullet trains. Briddle Wire Stitch Wi
Slide 36: CTC/PICC Conductors
CTC/PICC Conductors CTC/PICC enamelled strips are widely used in transformers, generators and as winding material in the motor industry. o PICC Aluminium o EPICC Copper Industries we cater: o EPICC Aluminium o BEPICC Copper o Power Transformer Industries o BPICC Aluminium o CTC Aluminium o BEPICC Al
Slide 37: Copper Rods/Wires/Busbars/Strips
Copper Rods/Wires/Busbars/Strips Industries we cater to: o Switchgear Industries Copper alloy rod Copper strips Copper busbar o Electrical Panel Manufacturers o Electrical Substations Copper wire Copper conductor Sections copper 36 EMPOWERING THE GLOBAL ENERGY TRANSITION Investor Day – August 2024
Slide 38: Solution Matrix: Uprating
Uprating has Gained Steam; Apar holds ~ 50% Market Share in Uprate Based Projects Uprate Indicators New Tx Line Upgrade (Voltage) (Reconductoring) Apar NA 100-200% 50-150% Typical Capacity Increase 33kV-400kV 165+ Projects Completed Permitting & Use of Existing RoW Design and 45+ Solution Matrix Con
Slide 39: Specialized Turnkey Solutions for Power Sector
Specialized Turnkey Solutions for Power Sector HTLS HTLS OPGW Turnkey – MVCC Transmission Distribution Live Line Substation Augmentation Telecom Integration Other HTLS Turnkey - UG Cable 38 EMPOWERING THE GLOBAL ENERGY TRANSITION Investor Day – August 2024
Slide 40: APAR Laboratory (Testing & Research Centre)
APAR Laboratory (Testing & Research Centre) Advanced testing and research facility for Specific areas in which R & D is carried out by the Company evaluation of conductor and life cycle o Development of 4000/5000 series Alloys for various specialized application. assessment with global recognition m
Slide 41: Extensive Global Presence Driving Exports
Extensive Global Presence Driving Exports Prominent presence with established Utilities, EPC’s & channel partners in USA Canada Mexico Colombia Brazil Peru Chile Spain France Great Britain Romania Norway Sweden Finland Poland Italy Montenegro North Macedonia Australia GCC Middle East (UAE) Iraq Keny
Slide 42: Competitive Advantage
Competitive Advantage o Global leadership with 6+ decades of experience o Technology Tie-up for Advanced Products o Large capacities; Wide array of product offering o Catering to both, Transmission & Distribution; o Raw material supply security with access to molten metal o Quality customers and glo
Slide 43: New Product Development Journey
New Product Development Journey Expected Increase by Q4 - FY25 CTC/PICC 196% 01 Capacity Expansion Program – Bus Bar 166% Expected Increase by H1 - FY25 FY25 AL59 140% Khanvel – New Capex & Odisha– Repurposed existing machines to Manufacture AL-59 02 Coated Conductors Proof of Concept stage; reducin
Slide 44: Way Forward
Way Forward o Maintain leadership & market share in core segments Market – Strong domestic demand o Increase market access in select global markets. o On Time-In Full execution of Capex program o Amplify effort on high-value products Market –Business Strong domestic demand o Sharpen focus on product
Slide 45: Cable Solutions
INVESTOR DAY PRESENTATION Cable Solutions Mr. Shashi Amin – CEO 44 EMPOWERING THE GLOBAL ENERGY TRANSITION Investor Day – August 2024
Slide 46: APAR Industry Pioneer in Cables Solutions
APAR has been Industry Pioneer in Cables Solutions… Pioneering cables solutions Early entrant in emerging sectors India's largest Leader electron beam in renewables capacity (Solar and Wind) Trusted partner for Leading innovations Indian Navy and in specialty cables shipbuilding such as MVCC compani
Slide 47: Diversified Product Portfolio Across Segments
… and Offer Diversified Product Portfolio Across Segments Power Cables & Elastomeric & House wires & Cables for Cable Harness Wires E-beam Cables Flexibles USA Market Building Wire o XLPE LV Power Cables o Solar Cables o House Wires o RW75/RW90/RHH/RHW/RHW o Automotive & EV o XLPE MV Power Cables o
Slide 48: APAR Cables Growing at 25% CAGR
APAR Cables has been Growing at 25% CAGR Over Last 5 Years… APAR growth journey: Cable division sales (in Rs. CR) CAGR for FY20 to FY24 3,859 3,263 +25% 1,994 25% 1,603 1,270 FY20 FY21 FY22 FY23 FY24 47 EMPOWERING THE GLOBAL ENERGY TRANSITION Investor Day – August 2024
Slide 49: Superior Performance vs Industry Peers
…and has Delivered Superior Performance vs Industry Peers APAR has grown at 25% CAGR with higher than industry avg. CAGR of 20% Revenue1 (INR Cr) & CAGR (%) 16,000 POLYCAB 20% KEI 17% HAVELLS 21% 6,000 RR KABEL 26% FINOLEX 16% 4,000 APAR 25% 2,000 KEC 14% 0 2020 2021 2022 2023 2024 1. Revenue for wi
Slide 50: Ambition to Grow at 25% to Reach 10k+ Cr by FY29
Ambition to Grow at 25% to Reach 10k+ Cr by FY29 3.8k+ Cr to 10k+ Cr FY24 Target for next 5 years Ambition to keep growing at 25% CAGR Strong growth of 25% over last 5 years to achieve INR 10k Cr Focused strategy activated across all fronts to reach INR 10k Cr 49 EMPOWERING THE GLOBAL ENERGY TRANSIT
Slide 51: India W&C Market Size
India W&C Market Size Rs. 70-75k1 Cr. in FY24 India W&C market size, Rs Cr 65-701 % of total market 1. IEEMA FY24, sector-wise break up based on capex/ opex spends across sectors 50 EMPOWERING THE GLOBAL ENERGY TRANSITION Investor Day – August 2024
Slide 52: Unlocking Institutional Sales (1/2)
Unlocking Institutional Sales Through Opportunity Areas (1/2) Sector Growth Drivers Current APAR strength Opportunities for APAR o 20%+ market share supplying to o Govt. target to reach ~290 GW most of the top EPCs and o Leverage existing relationships for larger share installed capacity by 2030 fro
Slide 53: Unlocking Institutional Sales (2/2)
Unlocking Institutional Sales Through Opportunity Areas (2/2) Sector Growth Drivers Current APAR strength Opportunities for APAR o Government push for indigenization with large o Presence across most public and spending on Capex (2x in 6 o Explore entry into supply for manufacturing of private shipy
Slide 54: B2B Channel Build: 1k+ Cr Sales by FY29
B2B Channel Build: Ambition to Reach 1k+ Cr Sales by FY29 Initiated focused B2B distribution build to serve Real Estate, infra and industrial projects Planned cities for B2B channel 30+ expansion covering 80% market 50+ Target no of distributors across 30+ cities 1k+ Target revenue from B2B channel
Slide 55: Scaling B2C Business: 30k Counters by FY29
Scaling B2C Business: Target Presence at 30k Counters by FY29 Strong momentum seen in retail business in FY24, focus to expand coverage to retailers across white spaces Retail Business Improvement FY 23 FY 24 FY29 key metrics over FY23 Distributor presence 120 339 +219 800 District presence 94 181 +
Slide 56: Exports: Global W&C Market
Exports: Large Opportunity with Global W&C Market at 210-220 B$ Global Wires & Cables market size ($B) Key Highlights 5-6% o US W&C market at 45-50 B$, expected to grow at 5-6% CAGR o Europe W&C market at INR 40-50 B$, projected to grow at 3-4% CAGR 270-300 o Market Size of ROW estimated at 120- 210
Slide 57: US: Leverage Strong Starting Point
US: Leverage Strong Starting Point to Improve Share US W&C market is 4-5X of Indian …with 45-50% import reliance APAR is well positioned to market… double down on the US market: Size in bn$ Size in bn$ (2023)2 5-6% 25.5 o Most UL approvals - covering all 6.0 major sectors solar, wind, real 0.5 estat
Slide 58: EU: Focus on Niche Plays to Improve Margins
EU: Focus on Niche Plays to Improve Margins 45-50 bn$ market growing @ 3-4% CAGR …with ~20 bn$ of imports from ex-EU Whitespaces identified in EU markets market to grow share Size in bn$ Size in bn$ (2023)3 21.0 3-4% o Approvals under process to play in specific geographies 8.6 0.4 o Targeted region
Slide 59: Capex Plan at Factories
Capex Plan at Factories o Major green field expansion project planned at Khatalwada facility in 43 acres land parcel o Construction work is currently in progress and project is expected to be commissioned by FY26 o This new expansion will increase revenue potential up to 10,000 crores o De-bottlenec
Slide 60: Lean Six Sigma & Industry 4.0
Lean Six Sigma & Industry 4.0 Lean Six Sigma o Enhanced Product Quality: “We’ve achieved a 50% reduction in defect rates, resulting in higher customer satisfaction and fewer returns.” o Increased Productivity: “We have increased our production throughput by 15%, allowing us to meet growing market de
Slide 61: Target 10k+ Cr Sales by FY29 Across Channels
Focused Efforts Across Channels to Target 10k+ Cr Sales by FY29 Channel wise target, FY29 (Rs Cr) 10k+ ~10% ~10% 40-45% 40-45% B2B Institutional Exports B2C Retail B2B Channel Total 60 EMPOWERING THE GLOBAL ENERGY TRANSITION Investor Day – August 2024
Slide 62: Telecom Solutions
INVESTOR DAY PRESENTATION Telecom Solutions Mr. Girish Gupta – Senior Vice President & Business Head 61 EMPOWERING THE GLOBAL ENERGY TRANSITION Investor Day – August 2024
Slide 63: Convergence of Human, Physical and Digital World
Convergence of Human, Physical and Digital World Technology in 2030 will significantly extend the scope of newer possibilities by connecting human, physical and digital world Performance resiliency & agility o Real time Performance Digital o Analytics and fault prediction Data & Information & Actuat
Slide 64: What's Driving Exponential Demand
What’s Exactly Driving this Exponential Demand… Current use cases Global mobile Data consumption in EB/month Future use cases Video Consumption Artificial Intelligence HD/4K / Videos (AI as a Service) 70% of total traffic Growing at CAGR of 25% high uploads, creation -$250 Bn/annum by 2030 Entertain
Slide 65: Telco's Transformation to Address Demand
Telco’s Transformation Happening to Address this Demand Embracing Newer Technologies Partnering for Low Earth Orbit Satellite Communication to remain relevant Augmenting Core Networks and Network Platforms Making them cloud native ready for scalability, adaptability and Q-o-S Investing in Edge Data
Slide 66: APAR Telecom Solutions
APAR Telecom Solutions Creating Value by enabling environmentally sustainable connectivity solutions Uniflex - acquired 2008 Since 2017 Launched FY’24 Launched FY’24 Launched FY’24 Business Portfolio Optical Fiber Cable Powerline Telecom Tower & IOT Enterprise / Data Fiber Network Solution Solution
Slide 67: OFC Solutions for all Telecom Network Needs
Providing OFC Solutions for all Telecom Network Needs.. 66 EMPOWERING THE GLOBAL ENERGY TRANSITION Investor Day – August 2024
Slide 68: Launched Tower & IoT Connectivity Solution
Launched Tower & IoT Connectivity Solution Global Market Hybrid Cables- Giga Volt Potential Antenna $ 200 A Solution for 5G Networks Mn/annum The Giga-Volt hybrid solution incorporates both fiber and copper conductors in one cable that deliver power and data to a remote device through copper and fib
Slide 69: Data Cables for Data Centres
Established Data Cables to Cater Data Centres Investments… 2X DC Capacity in next 3 Years $ 5.7 Bn Investments For Data Center capacity additions 791 MW Investments Taking industry capacity to 1645 MW 80% in MEP With 10mn sq.ft real estate demand Invested in Data Cables Manufacturing Initial manufac
Slide 70: Established Fiber Network Services
Established Fiber Network Services Customer Priorities Our Solutions Deliverables All Environment Execution A Hassle Free Building Telecom Network National back bone and last mile fiber Deployment connectivity across PAN India including high span aerial solution Soil Strata Inter/Intra City RoW Mana
Slide 71: Connecting Rural India – BHARATNET
Connecting Rural India – BHARATNET Bharat-net Current Scope of Bharat-net Ph-III ~250,000 Gram Panchayat o New roll-out of remaining 47K GPs into ring topology with IP-MPLS ~625,000 Villages o Upgradation of existing BN Ph-I & II (~ 1.16 Lakh GPs) with IP-MPLS Connectivity Project o On demand connec
Slide 72: Aligned to Upcoming Industry Investments
Strategically Aligned to Upcoming Industry Investments o India Tower Fiberisation will go up to 80% in next 5 years from existing 38% and plans to add 5 Mn homes on FTTH on annual basis - $1 bn by 2030 APAR approved with all CSP’s for Products and Services o UK & EU plans to connect 95% Homes with 1
Slide 73: Competitive Advantage
Competitive Advantage Growth – additional market access o Largest range of UL and CPR Certifications from India to address Last Mile European markets. o Larger global access to all Power Utilities and EPC Companies in US & Europe to address evolving Telecom demand. Premiumisation – Technology lead m
Slide 74: Summary: Enabling Millions of Lives
To Summarize.. Market to remain flat in next 5 years but big enough for APAR Telecom growth Augmented ourselves with innovative products and approvals for upcoming investments Building a strong competitive edge to expand market presence with relevancy & premium Expanding ourselves beyond Products to
Slide 75: Auto and Industrial Lubricants
INVESTOR DAY PRESENTATION Auto and Industrial Lubricants Mr. Sundar Subramanian – Senior Vice President 74 EMPOWERING THE GLOBAL ENERGY TRANSITION Investor Day – August 2024
Slide 76: Demand & Growth Drivers
Demand & Growth Drivers India Market Scenario o Largest 2 & 3 Wheeler market – EV just about 5% in 2 Wheeler but over 50% in 3 wheeler o Largest Tractor Market – Will remain Diesel led. Impact of EV will be seen in low HP special application tractors o Second Largest Construction Equipment market –
Slide 77: Demand & Growth Drivers
Demand & Growth Drivers Growth Drivers o Given the current scenario it is our view that the market shall grow at a CAGR of 3%: • Automotive Lubes will grow atleast for the next 5 years at a CAGR of over 2.5% • Industrial lubes will grow at a faster pace over the next 5 years at a CAGR of over 4% o A
Slide 78: Lubricants - Overview
Lubricants - Overview 9th Largest Lubricant player in the Indian market o Volumes in FY 24 – Addivated Lubricants - 72000 KL o Among the top three players in the Agriculture segment o Among the top three private players in the Industrial segment o Established office in the Middle East with an eye on
Slide 79: Product Offering
Product Offering AUTOMOTIVE LUBRICANTS INDUSTRIAL LUBRICANTS On Road Off Road Maintenance Metal Working Motorcycle Passenger Car Diesel Construction Agricultural Reduction Hydraulic Turbine Compressor Soluble & Neat Quenching Oils oils Engine Oils & Infrastructure Oils Gear Box oils Oils Oils cuttin
Slide 80: Manufacturing Plant and Warehouse Network
Zirakpur 1 Manufacturing Plant 1 Central Warehouse Jaipur RDC Gaziabad Guwahati Patna 4 Regional Warehouse Ahmedabad 14 Satellite Depots Kolkata RDC Indore Baroda Total space - 2,34,843 Sq Ft. Aurangabad Cuttack Rabale Plant Mumbai CDC Pune Hubli Hyderabad RDC 1 Manufacturing Plant Bangalore RDC 8 O
Slide 81: Staff Strength and Distribution
MLP/RLP Stats STAFF STRENGTH 197 71 23 15 4 9 28 7 11 29 v Total Mechanic Base Active Mechanics 110311 25215 MLP/RLP Stats ENI RETAIL SUPPLY COMMERCIAL MARKETING OEM + TECH POWEROIL EXPORT ENI INDUSTRIAL ARKOS CHAIN SERVICES INDUSTRIAL DISTRIBUTION STRENGTH 485 Total Retailer Base Active Retailers 1
Slide 82: Competitive Advantage
Competitive Advantage Largest private player in the Indian market by volume of base oils o Economy of scales o Association with Eni Italy for high end Lubricants o Established long term association with key Tractor OEM’s with unique cost optimized solutions for domestic and International markets o A
Slide 83: Key OEM Clients – Agriculture sector
Key OEM Clients – Agriculture sector 82 EMPOWERING THE GLOBAL ENERGY TRANSITION Investor Day – August 2024
Slide 84: Key OEM Clients – Other Sectors
Key OEM Clients – Other Sectors 83 EMPOWERING THE GLOBAL ENERGY TRANSITION Investor Day – August 2024
Slide 85: Areas of Strength
Areas of Strength Automotive Sector Industrial Sector o Leader in Tractor Transmission Products o Leader in Industrial Maintenance grades o Leading brand in ultra light Commercial o Special products in Port & Infrastructure Vehicles o Specialized Lubricant solutions for CNG o Strong OEM associations
Slide 86: Product Introductions - Automotive
Product Introductions - Automotive Theme – Durability with Fuel Economy o Tractor Maxx FE 15W-40 - 2.5% FE & 600 Hrs Drain Interval o Dedicated low viscosity line of UTTO for Hydrostatic Transmissions – Sole supplier status with Tractor OEM’s o Eni I Sigma Performance Syntech 5W-30 – Low viscosity l
Slide 87: Product Introductions - Industrial
Product Introductions - Industrial Theme – Eco Friendly o Cutting Fluids – Poweroil Ultra Grind & Ultra Edge - 90% Bio- degradable Ester based fluids o Power Cool POE – Refrigerating compressor fluids for energy saving and extended drain intervals o Eni CNG Booster compressor Lubricants – for Gas di
Slide 88: Future Plan & Outlook
Future Plan & Outlook Key Focus Areas: o Remain focused on the Indian market • Significant opportunities in the Automotive and Industrial segments • Remain focused on the OEM side of business • Expand product offering into non lube segments – Car and bike care products o Export focus into Middle Eas
Slide 89: Speciality Oils
INVESTOR DAY PRESENTATION Speciality Oils Mr. Rishabh Desai – Director 88 EMPOWERING THE GLOBAL ENERGY TRANSITION Investor Day – August 2024
Slide 90: Meet POWEROIL
Meet POWEROIL Entire range of products include TECHNICAL PHARMACEUTIC TRANSFORMER RUBBER GRADE WHITE AL GRADE OILS PROCESS OILS OILS WHITE OILS Used in EPDM, tyres 30+ grades 15+ grades 15+ grades and rubbers 15+ grades Despite having developed numerous grades products can/are customized to meet the
Slide 91: Global Approvals
Global Approvals We have below UTILITY approvals in foreign countries which are few of many OEMS Approvals Meets international standards a. SEC Saudi Arabia 1. General Electric b. OETC Oman 2. Schnider 1. IEC Standard c. MEW Kuwait 3. Tyree 2. ASTM Standard d. TNB Malaysia 4. Areva 3. BS e. ADWEA an
Slide 92: Synthetic Esters
Synthetic Esters 91 EMPOWERING THE GLOBAL ENERGY TRANSITION Investor Day – August 2024
Slide 93: Sustainable Products as Building Blocks
Sustainable Products as Building Blocks Improved Operational Lower Readily Biodegradable Stable & Consistent Machine Safety & Carbon Footprint Envt. Friendly Performance availability Safe Disposal 92 EMPOWERING THE GLOBAL ENERGY TRANSITION Investor Day – August 2024
Slide 94: Superior Oxidation Life, High Flash Point Products
Experts in Providing Products with Superior Oxidation Life, High Flash Point & Minimum Carbon Footprint 93 EMPOWERING THE GLOBAL ENERGY TRANSITION Investor Day – August 2024
Slide 95: Chip Cooling
Chip Cooling 94 EMPOWERING THE GLOBAL ENERGY TRANSITION Investor Day – August 2024
Slide 96: Applications: Eco Sensitive Zones and Critical Areas
Applications: Eco Sensitive Zones and Critical Areas Aquatic Urban and Remote Land Solar Power Transformers Solar Power 95 EMPOWERING THE GLOBAL ENERGY TRANSITION Investor Day – August 2024
Slide 97: Cooling Systems: Why Cooling is Necessary?
Cooling Systems: Why Cooling is Necessary? Electronics/Electrochemical reactions generate as much heat as they consume electricity. Air is an excellent insulator: not a good conductor of heat Liquids are excellent conductors of heat. Water is very good heat transfer fluids, but highly conductive : C
Slide 98: Challenges in Thermal Management
Challenges in Thermal Management o Heat Dissipation is the limiting factor for Electronics performance o In New multi-core CPUs / GPUs / FPGAs / ASICs waste heat can now exceed >4000W per device. o Air cooling is extremely power inefficient –consuming 40% to 50% of total facility energy usage: o 30
Slide 99: White Oil General
White Oil General o Global white oil demand outside of India and China is 950 KT o Even split between technical and pharmaceutical grade o APAR Exported 1,30,000 MT in FY 23-24 of all white oil grades combined 98 EMPOWERING THE GLOBAL ENERGY TRANSITION Investor Day – August 2024
Slide 100: Hot Melt Pressure Sensitive Adhesive
Hot Melt Pressure Sensitive Adhesive 99 EMPOWERING THE GLOBAL ENERGY TRANSITION Investor Day – August 2024
Slide 101: Countries of Success
Countries of Success 100 100 EMPOWERING THE GLOBAL ENERGY TRANSITION Investor Day – August 2024
Slide 102: Countries of Success: Turkey, South Africa
Countries of Success 1.Turkey o Bulk Storage (3500 MT) in bonded tanks in Gebze Port o Local blending facility in Istanbul o Market share of 50% overall and 85% for the paraffinic grade o Total volume 15000 MT and Revenue over $20 million 2. South Africa o APAR provides the raw material/finished pro
Slide 103: Countries of Success: Australia, Malaysia
Countries of Success 3. Australia o Working with DKSH Australia o Storage tanks with 2000 KL capacity o Market share 50% in transformer oil o Market share 57 % in white oil o Volume in 2021: 6,175 MT Volume in 2023: 7,200 MT Over 16% growth in the last 2 years 4. Malaysia o Local blending facility i
Slide 104: Countries of Success: UAE, Saudi Arabia
Countries of Success 5. United Arab Emirates o 100% owned subsidiary o Crossed volume sales of 100,000 MT in FY 23-24 o Storage expansion project underway o Over 70% market share in transformer oil in the GCC 6. Saudi Arabia o Neom, Expo 2028 and the FIFA World Cup o SEC Approval in place for APAR I
Slide 105: Financial Overview
INVESTOR DAY PRESENTATION Financial Overview Mr. Ramesh Iyer – Chief Financial Officer 104 EMPOWERING THE GLOBAL ENERGY TRANSITION Investor Day – August 2024
Slide 106: Transformation Initiatives Driving Financial Outcome
Transformation Initiatives Driving Financial Outcome Initiatives Outcome Innovation and Customer o Gaining First-mover advantage Revenue Centricity o HTLS, MVCC conductors, CTC, Bus bars CAGR FY 24 FY 21 o Wind cables & cables used for Specific industry applications 6,388 cr 36% 16,153 cr o Pioneer
Slide 107: Optimal Allocation of Capital
Optimal Allocation of in Higher Margin has Improved Capital… Outer pie represents FY24 Products… Efficiency Inner pie represents FY 20 (FY24) FY20 FY24 (FY24) (FY20) Conductor: EBITDA/MT 10,790 42,141 (FY20) (FY20) (FY24) (FY20) Conductor: (FY24) EBITDA Margin% 4.7% 10.8% Net WDV of Fixed Assets Cab
Slide 108: Robust Financials: Free Cash Flow
Robust Financials Indicating Strong Capability to Generate Positive Strong capability to generate positive FCF over a time Free Cash Flow Free Cash Flow (FCF) is calculated as operating cash flows adjusted for income tax payment and Net Capex 107 107 EMPOWERING THE GLOBAL ENERGY TRANSITION Investor
Slide 109: Drive Operational Efficiency and Maximise Cash Flows
Drive Operational Efficiency and Maximise Cash Flows Revenue and EBITDA growth o Revenue grew at 15% (5y CAGR) o EBITDA grew at 27% (5y CAGR) Accelerate Improved EBITDA Margin by 3.6% Operational o EBITDA 6.5% in FY20 to 10.1% in FY24 Growth Strong monitoring of working capital Drivers of o Average
Slide 110: QIP Funds Further Strengthening Balance Sheet
QIP Funds Further Strengthening Balance Sheet Offer price QIP Size 1,000 crores 5,264/- per share Issue cost 17 crores Shares allotted Net QIP size 983 crores 18,99,696 Deployed in Working capital 983 crores (Q3 FY24 Rs 320; Q4 FY24 663) Drive down finance cost Optimize Gearing ratio FY 24 FY 23 Deb
Slide 111: Appropriately Positioned to Tap Long Term Opportunities
We are Appropriately Positioned to Tap Long Term Opportunities Robust Growth Drivers Dominant Market Position o Exists strong headroom for growth based on o Leadership positions: renewables / transmission expansion # 1 global aluminum alloy conductor o Growth opportunities from differentiations & ma
Slide 112: EPS Growth Journey
EPS Growth Journey 212.1/- 23.1/- 2.0/- 36.9/- 114.5/- 35.6/- FY 19 Conductor Cable Oil Others FY24 Expand business across the Globe (predominantly in US,EU and AUS) Focus on premiumisation Innovation and Customer centric Accelerate per unit EBITDA realization 111 111 EMPOWERING THE GLOBAL ENERGY TR
Slide 113: Through FY 2028
Through FY 2028….. Conductors Oil Cables Maintain leadership position Maintain leadership in Further scale up topline across verticals transformer oil Improve EBITDA margin with Continuous Innovation and Improve per unit profitability economies of scale cutting-edge products Focused CapEx Focused Ca
Slide 114: ESG and Sustainability
INVESTOR DAY PRESENTATION ESG and Sustainability Mr. Suyash Saraogi – President (Strategy & Projects) 113 EMPOWERING THE GLOBAL ENERGY TRANSITION Investor Day – August 2024
Slide 115: Table of Contents
Table of Contents Need for Sustainability Sustainability @ APAR o Alignment of organization’s purpose, strategy, business & governance o Measurement, Disclosure & Target setting o Path to Net Zero o Great Place to Work (GPTW) o Challenges & Forward Path 114 EMPOWERING THE GLOBAL ENERGY TRANSITION In
Slide 116: What the World is Doing to Mitigate Climate Change
What the World is Doing to Mitigate the Impact of Climate Change? COPs, location and year COP 1: Berlin, Germany (1995) o COP stands for Conference of Parties. It is the main decision-making body of the UNFCCC COP 2: Geneva, Switzerland (1996) (United Nations Framework Convention on Climate Change).
Slide 117: Need for Sustainability
Need for Sustainability Market Demand o Each country has accordingly declared its NDC (National Determined Contribution) and is requiring their corporates to reduce emissions in their operations and across their supply chain. o Accordingly, APAR’s customers who have committed to Net Zero as per thei
Slide 118: Table of Contents
Table of Contents Need for Sustainability Sustainability @ APAR Structure Alignment of organization’s purpose, strategy, business & governance Strategy Systems o APAR’s mission o Sustainability is integral part of APAR’s business o Board level Committee & Board Oversight Sustainability @ APAR o Meas
Slide 119: Sustainability is Integral Part of APAR's Business
Sustainability is Integral Part of APAR’s Business 61,497 EPR KL RWH 7.3 % 314,642 KL ENVIRONMENT Water Renewable N-N-L footprint Energy Biodiversity GHG Waste emission management 124,908 APAR has integrated sustainability into its tCO2e core business operations: sourcing It involved adopting eco-fr
Slide 120: Board level Committee & Board Oversight
Board level Committee & Board Oversight APAR had formed a board-level committee, the Corporate Social Responsibility and Sustainability (CSR&S) Committee, to enhance its focus on sustainability. The purpose of this committee is to review sustainability goals, ESG risks and opportunities, ESG targets
Slide 121: Table of Contents
Table of Contents Sustainability @ APAR o Alignment of organization’s purpose, strategy, business & governance o Measurement, Disclosure & Target setting o Emission & Intensity trend carbon footprint water footprint o Carbon Footprint Assurance o Water management o Disclosures: CDP, EcoVadis, BRSR R
Slide 122: Emission & Intensity Trend
Emission & Intensity Trend Total Scope-1 & Scope-2 emission (FY 2023-24): 124,908 tCO2e Total Scope-1 & Scope-2 emission (FY 2023- 24): 124,908 tCO2e Oil Business GHG emission intensity has gone down at GHG emission intensity has gone down at APAR due to various initiatives (elaborated APAR due to v
Slide 123: Carbon Footprint Assurance
Carbon Footprint Assurance Our carbon footprint numbers are verified by an independent third-party assurance provider Scope-1 & 2 Assurance Scope-1 & Scope-2 GHG emission assurance by DNV, FY 2023-24 Scope-3 Assurance Scope-3, Category-1 GHG emission assurance by DNV, FY 2023-24 Commenced assurance
Slide 124: Water Management
Water Management Water footprint Due to various measures taken by APAR, not only the water (A) Demand Side Management footprint intensity, but also the total absolute water consumption Monitoring o (A) Demand and SideEvaluation Management has gone down (in-spite of increased production). o ▪ Leak De
Slide 125: Disclosures: CDP
Disclosures (a) CDP disclosure APAR started voluntary disclosure of climate related emissions to CDP (Carbon Disclosure Projects) since last 2 years. CDP Scoring Tiers We were awarded a score of ‘B’ in year 2023 by CDP. Leadership -- Implementing current A best practices A- Management -- Taking coor
Slide 126: Disclosures: EcoVadis
Disclosures (b) EcoVadis disclosure Disclosure to EcoVadis being made every year. EcoVadis is a renowned evidence-based online platform, providing supplier sustainability ratings and allowing companies to assess the ESG performance of their global suppliers. Received a silver medal from EcoVadis wit
Slide 127: Disclosures: BRSR Report
Disclosures (c) Disclosure through BRSR Report As mandated by SEBI, we had published our BRSR (Business Responsibility and Sustainability Report) for FY 2023-24. It is a part of our Annual Report and can be accessed from our website. FY 2022-23 FY 2023-24 BRSR report for FY 2024-25 need to be audite
Slide 128: Disclosures: ESG Report
Disclosures (d) Disclosure through ESG Report ESG Report: 3rd edition of our ESG report at available at our website. It can be accessed at https://apar.com/wp- content/uploads/2023/10/APAR_ESG_Report_FY_2022_23.pdf FY 2020-21 FY 2021-22 FY 2022-23 127 EMPOWERING THE GLOBAL ENERGY TRANSITION Investor
Slide 129: TCFD
TCFD (Task Force on Climate related Financial Disclosure) APAR’s APAR’s TCFD TCFD strategy: strategy: We areWe working are working onontotodevelop develop a a comprehensive comprehensive TCFD strategy TCFD that covers four key areas: strategy that covers four key areas: ▪ Governance Governance ▪ Gov
Slide 130: Environmental Product Declaration (EPD)
Environmental Product Declaration (EPD) We have measured and reported the EPD for AL 59 conductors, Aluminium EC Wire Rod Grade 1350, Aluminium Alloy Wire Rod Grade 6201 and Aluminium EC Wire Rod Grade 8176 at our website, www.apar.com It communicates the carbon emission through entire life cycle of
Slide 131: Aligning with the Science-Based Targets Initiative
Aligning with the Science-Based Targets Initiative The Science-Based Targets initiative (SBTi) is a global collaboration that helps companies set ambitious emissions reduction targets in line with the latest climate science. APAR is proud to have committed to the SBTi, pledging to set science- based
Slide 132: Table of Contents
Table of Contents Sustainability @ APAR o Alignment of organization’s purpose, strategy, business & governance o Measurement, Disclosure & Target setting o Path to Net Zero o APAR’s energy transition plan o Development of low carbon products o Reduction of value chain emissions (sustainable procurem
Slide 133: APAR's Energy Transition Plan
APAR’s Energy Transition Plan Mar-23 4% Mar-24 7% Mar-25 14% Est. Mar-26 29% Est. 1 Renewable Energy Adoption Mar-27 39% Est. Mar-28 45% Est. 29% short term RE% target (by Mar 2026) This includes investing in on-site solar installations, as well as procuring renewable energy through wind-solar hybri
Slide 134: Development of Low Carbon Products (1 of 2)
Development of Low Carbon Products (1 of 2) Low carbon products and services are ACCC Conductors Poweroil NE/ Poweroil NE Premium those that minimize greenhouse gas Aluminium Conductor Composite Core Poweroil NE/ Powerline NE emissions throughout their life cycle, from (ACCC) have higher current car
Slide 135: Development of Low Carbon Products (2 of 2)
Development of Low Carbon Products (2 of 2) Natural Ester-Based & Synthetic Ester-Based Transformer Fluids APAR's natural ester-based fluids offer high biodegradability and exceptional fire safety, ideal for fire-sensitive applications. APAR’s Synthetic ester-based alternatives provide higher bio-de
Slide 136: Reduction of Value Chain Emissions
Reduction of Value Chain Emissions (Sustainable Procurement) o Over 95% of our emission is on account of Scope-3 emission (indirect emission, outside the boundary of APAR) o Of the above, over 80% emission is on account of emission from Category-1 (purchased goods & services). Base Oil and Aluminium
Slide 137: Table of Contents
Table of Contents Sustainability @ APAR o Alignment of organization’s purpose, strategy, business & governance o Measurement, Disclosure & Target setting o Path to Net Zero o Great Place to Work (GPTW) o Challenges & Forward Path 136 EMPOWERING THE GLOBAL ENERGY TRANSITION Investor Day – August 2024
Slide 138: Great Place To Work (GPTW)
Great Place To Work (GPTW) o APAR Industries has completed the ▪ APAR assessment Industriesconducted by GPTW has completed the (Great Place assessment to Work), conducted India and by GPTW is (Great Placecertified to Work),as aIndia GreatandWorkplace is certified from as a GreatFebruary Workplace202
Slide 139: Table of Contents
Table of Contents Sustainability @ APAR o Alignment of organization’s purpose, strategy, business & governance o Measurement, Disclosure & Target setting o Path to Net Zero o Great Place to Work (GPTW) o Challenges & Forward Path 138 EMPOWERING THE GLOBAL ENERGY TRANSITION Investor Day – August 2024
Slide 140: Challenges: CBAM (1 of 2)
Challenges: CBAM (1 of 2) Carbon Border Adjustment Mechanism (CBAM) o The European Union's CBAM is a new policy aimed at reducing carbon emissions. o As a major aluminum conductor exporter, APAR faces potential challenges in navigating this evolving trade landscape. o Understanding CBAM's impact is
Slide 141: Challenges: CBAM (2 of 2)
Challenges: CBAM (2 of 2) Carbon Border Adjustment Mechanism (CBAM) mechanism Carbon Emissions Compliance The CBAM will require Indian exporters, including APAR to EU producer Non-EU producer monitor and report the carbon footprint of their aluminum products, adding administrative complexity. Are EU
Slide 142: Forward Path
Forward Path Climate Risk assessment & quantification 1 (TCFD report) 2 Disclosure to CDP & EcoVadis 141 EMPOWERING THE GLOBAL ENERGY TRANSITION Investor Day – August 2024
Slide 143: Forward Path
Forward Path 3 Augment Wind-Solar hybrid RE capacity 4 Supplier engagement for Scope-3 reduction 5 Cable Products – EPD 6 Increase scrap processing 142 EMPOWERING THE GLOBAL ENERGY TRANSITION Investor Day – August 2024
Slide 144: Thank You
Thank You 143 EMPOWERING THE GLOBAL ENERGY TRANSITION Investor Day – August 2024
Slide 145: Investor Day – August 2024
144 144 EMPOWERING THE GLOBAL ENERGY TRANSITION Investor Day – August 2024
Slide 146: 5 Years Consolidated Segment Performance
5 Years Consolidated Segment Performance Conductor FY20 FY21 FY22 FY23 FY24 Volume 158,104 128,462 107,357 160,131 2,06,633 EBITDA post open period forex 171 104 184 706 871 EBITDA/MT 10,790 8,079 17,095 44,112 42,141 Oil FY20 FY21 FY22 FY23 FY24 Volume 403,626 399,214 461,589 486,582 5,37,862 EBITD
Slide 147: Key Metrics
Key Metrics Total FY20 FY21 FY22 FY23 FY24 Cashflow from Operations (CFO) 94 281 244 698 699* EBITDA post open period forex (EBITDA) 482 455 587 1,320 1,632 CFO as % of EBITDA 20% 62% 42% 53% 43% Total FY20 FY21 FY22 FY23 FY24 ROE 11.5% 12.6% 16.5% 32.3% 27.0% * Ex-QIP 146 146 EMPOWERING THE GLOBAL
Slide 148: Healthy Customer Mix
Healthy Customer Mix Segment FY23 FY24 Exports 48.7% 45.2% * Industries/Corporate 16.7% 16.4% Specific industry groups 8.6% 6.6% OEM's 6.5% 8.7% EPC - Transmission companies 4.8% 5.8% Utilities - Transmission companies 7.1% 7.6% Renewables 2.7% 4.2% Utilities - Electricity Distribution Boards (Govt.
Slide 149: 12M FY24: Consolidated Profit & Loss Statement
12M FY24: Consolidated Profit & Loss Statement Particulars 12M FY24 12M FY23 % Chg YoY Gross sales 16,045.2 14,257.84 12.5% Other operating income 107.8 78.46 37.4% Revenue from operation 16,153.0 14,336.30 12.7% Other income 86.4 37.47 130.7% Total income 16,239.4 14,373.77 13.0% Cost of raw materi
Slide 150: 12M FY24: Consolidated Segment Analysis
12M FY24: Consolidated Segment Analysis Segment 12M FY24 12M FY23 % Chg YoY Revenue Conductors 8,031.0 7,013.1 14.5% Transformer & Specialty Oils 4,836.9 4,640.8 4.2% Power & Telecom Cables 3,858.9 3,263.5 18.2% Others/Unallocated 123.3 107.3 14.9% Total Revenue 16,850.1 15,024.6 12.1% Less: Inter -
Slide 151: 12M FY24: Consolidated Segment Analysis
12M FY24: Consolidated Segment Analysis Segment 12M FY24 12M FY23 % Chg YoY Segment Results before Interest and Tax Conductors 857.5 682.5 25.6% Transformer & Specialty Oils 291.8 225.1 29.6% Power and Telecom Cables 405.1 316.8 27.9% Others/Unallocated 12.0 6.8 77.0% Total 1566.4 1231.2 27.2% Less