Oriental Rail Infrastructure Ltd. · BSE:ORIRAIL
Oriental Rail Infrastructure — FY2022 Earnings Presentation
40 slides from Oriental Rail Infrastructure's earnings presentation, Apr 28, 2022
Slide 1: Oriental Rail Infrastructure Limited
ORIENTAL RAIL INFRASTRUCTURE LIMITED {Formerly known as Oriental Veneer Products Limited) April 28, 2022 BSE Limited 1st Floor, New Trading Wing, Rotunda Bldg, P.J Towers, Dalal Street, Mumbai- 400 001 Dear Sir/Madam, Ref: BSE Security Code: 531859 Sub: Investor Presentation in connection with Audit
Slide 2: Oriental Rail Infrastructure Ltd. Investor Presentation
Oriental Rail Infrastructure Ltd. Investor Presentation Actual Product Image April 2022
Slide 3: Table of Content
Table of Content Business Overview Company Overview Industry Opportunities Financial Highlights Way Ahead
Slide 4: Business Overview
Business Overview
Slide 5: ORIENTAL: At a Glance
ORIENTAL: At a Glance Oriental Rail Infrastructure Limited (ORIL) (formerly know as Oriental Veneer Products Limited) is engaged in manufacturing and supply of Vision rail products predominantly for Indian Railways(IR). It manufactures We will be a Company of choice for its Seats and Berths, Chairs,
Slide 6: Infrastructure in Place - OFPL
Infrastructure in Place - OFPL Oriental has set up state of the art manufacturing facility which is coupled with great technological superiority. Manufacturing facilities have been set up across two locations in Gujarat: Unit – I Unit – II • Bogie capacity 3,000 • Wagons capacity 1,200 • Coupler cap
Slide 7: Infrastructure in Place - ORIL
Infrastructure in Place - ORIL Location Experience Manufacturing Facility for • Factory is situated in Aghai, • Oriental has been supplying Railway • Seats and Berth Shahpur, Thane district Rolling Stock to IR from more than • Rexine • Spread in 44 acres 25 years and has developed a very • Compreg B
Slide 8: Product Portfolio - OFPL
Product Portfolio - OFPL Wagon Bogie Coupler Draft Gear All the products to IR are approved by the Research Designs Standards Organization (RDSO) which is the sole vendor approving body for the consumer organization. Products are also RITES (erstwhile Rail Technical Economic Service) certified which
Slide 9: Product Portfolio - ORIL
Product Portfolio - ORIL Seat and Berth • Oriental manufactures Seats and Berths for IR, made up of Rexine, Board, Silicon Foam, PU Foam etc. • Used across all types of railway passenger coaches, new and existing, from premium trains like Rajdhani Express & Duronto Express to regular & local passeng
Slide 10: Product Portfolio - ORIL
Product Portfolio - ORIL Compreg Board and Allied Products • Oriental manufactures high and medium density Compreg wood sheets possess excellent electrical, physical & mechanical properties and find applications in electrical insulation like Rings, Blocks, Segments, etc. • Used by railways in its ne
Slide 11: Product Portfolio - ORIL
Product Portfolio - ORIL Artificial Leather(Rexine) –Orvin • Oriental has set up a backward integration project to manufacture Rexine with a capacity of 24 lakh meters per annum • Widely used in manufacturing of Seats and Berths • Oriental has its brand ORVIN to supply Artificial Leather or Syntheti
Slide 12: Company Overview
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Slide 13: Milestones
Milestones • New product development PU Foam • Second order from IR for 636 New product launch: Silicon Wagons with option of 30% increase 2022 Foam for Seats & Berths • Set up of second line of Bogie & 2020 Coupler First order for 500 Wagons from IR 2019 2021 Successfully delivered 500 Wagons to IR
Slide 14: Founders
Founders Late Shree Nooruddin Mithiborwala, Late Shree Najmuddin Mithiborwala & Late Shree Saifuddin Mithiborwala
Slide 15: Promoters
Promoters He holds a Bachelor’s degree in Commerce from Mumbai Mr. Saleh N. Mithiborwala University and has rich experience of more than thirty Chairman, Whole-Time Director years. After completing his studies, he joined his family and CFO business. His dynamic thinking and Leadership Skills, added
Slide 16: Board of Directors
Board of Directors Mr. Karim N. Mithiborwala He is a Bachelor of Commerce(Hons.) from Mumbai University. He is a Managing Director promoter shareholder and has been working as Managing Director of the Company since 1999. He has an eminent personality and has a vast and rich experience of more than t
Slide 17: Management Team
Management Team Ms. Sonam Gupta She is an associate member of the Institute of Company Secretaries of India and Company Secretary holds Bachelor of Commerce degree from University of Mumbai. She has also obtained a Bachelor's degree in Law from SNDT University. She has been in Secretarial Compliance
Slide 18: Management Team
Management Team Mr. Somak Mitra He is a Graduate in Commerce and associated with the Company as a Marketing Marketing Head Head since 1989. He has an overall experience of thirty three years in the field of ORIL Marketing. Mr. Manish Dave He is Science Graduate and he has been associated with the Co
Slide 19: Clientele
Clientele \otegray BRAITHWAITE & CO. LIMITED (AGOVT. OF INDIA UNDERTAKING) Ministry of Railways (= a Bie CONCOR Geonre) JINDAL RAIL INFRASTRUCTURE easeeeic onsen an name ROLLING INNOVATION A ee vetre avai
Slide 20: Certifications - OFPL
Certifications - OFPL ISO 9001 Certification Cast Steel Casnub Bogie High Tensile Centre & its components Buffer Coupler & its approval Components for Freight Class A Certification Cast Steel Bogies & its Stock components for Concor Flat Wagons
Slide 21: Certifications - ORIL
Certifications - ORIL IATF Certificate RDSO Approval ISO 9001 Certification MCF Approval for PU Foam
Slide 22: Industry Overview
Industry Overview
Slide 23: Indian Railways
Indian Railways • IR is among world’s largest rail network, and its route length network is spread over 67,956 km, with 13,169 passenger trains and 8,479 freight trains, plying 23 million travelers and 3 million tonnes of freight daily from 7,349 stations. India's railway network is recognised as on
Slide 24: Freight: Major Revenue Earning source for Railways
Freight : Major Revenue Earning source for Railways Freight remains the key revenue earning segment for the Indian Railways, accounting for 79.1% of the total revenue in FY22 (until August 2021), followed by the passenger segment In FY21, IR recorded the highest loading in freight transportation of
Slide 25: Railway Procurement Plan
Railway Procurement Plan Amid rising demand for coal freight and an aggressive push towards diversifying its 01 freight basket, IR is planning to buy 1,00,000 more Wagons over the next three financial years Total Wagons with IR Wagon Type Total Qty IR has come out with a tender to procure 90,000 Wag
Slide 26: Increasing Demand of Wagons
Increasing Demand of Wagons • IR also need to replace its old and obsolete • IR had allegedly not provided wagons to overhaul its supply system enough rakes for the supply of coal • Current fleet of wagons has 10-12 per cent to thermal power plants that needs replacement • Against a demand of 441 ra
Slide 27: Opportunity for Oriental
Opportunity for Oriental Wagons Opportunity size : Rs 1 lakh crore in next 10 years. Bids submitted for 90,000 Wagons in IR Industry has a capacity of manufacturing ~30,000 wagons a year, but they could not manufacture up to their capacities as past annual procurement was about 9,600 wagons only
Slide 28: Financials
Financials
Slide 29: Charts
Charts Revenue (Rs. in Cr.) EBITDA (Rs. in Cr.) / Margin (%) 50 20% 16.34% 17.52% 45 18% 266.67 40 14.51% 14.29% 16% 220.17 43.58 35 30.23 14% 172.60 30 12% 139.24 31.47 25 10% 20.20 20 8% 15 6% 10 4% 5 2% FY19 FY20 FY21 FY22 0 0% FY19 FY20 FY21 FY22 PAT (Rs. In Cr.) / Margin (%) Networth (Rs. in Cr
Slide 30: Consolidated Profit & Loss Statement
Consolidated Profit & Loss Statement Rs. in Cr. FY19 FY20 FY21 FY22 Revenue from Operation 139.24 266.67 220.17 172.60 Cost of Material Consumed 96.47 186.05 152.62 113.50 Purchase of Goods 5.18 8.13 2.71 5.41 Changes in Inventory -15.48 -13.47 1.11 -17.28 Total Raw Material cost 86.17 180.71 156.44
Slide 31: Consolidated Balance Sheet
Consolidated Balance Sheet Rs. in Cr. FY19 FY20 FY21 FY22 Shareholders Funds 52.67 75.71 90.05 104.29 Share Capital 5.39 5.39 5.39 5.39 Other Equity 47.28 70.32 84.66 98.90 Non Current Liabilities 94.48 93.83 90.06 115.37 Long Term Borrowing 92.83 90.95 86.48 110.97 LT Provisions 0.61 0.76 0.57 0.86
Slide 32: Consolidated Balance Sheet (Continued)
Consolidated Balance Sheet ...Continued Rs. in Cr. FY19 FY20 FY21 FY22 Non Current Assets 101.09 121.12 118.05 133.11 Plant, Property & Equipment 34.22 78.10 73.68 107.40 Capital Work In Progress 45.43 13.89 21.11 0.00 Goodwill 0.21 0.00 0.00 0.00 Investments 0.05 0.06 0.06 0.06 Trade Receivables 10
Slide 33: Key Ratios
Key Ratios Return on Equity Return on Capital Employed 32.1% 16.8% 12.2% 22.3% 10.1% 9.7% 17.1% 14.9% FY19 FY20 FY21 FY22 FY19 FY20 FY21 FY22 Return on Assets Total Debt Equity Ratio 7.7% 3.03 2.47 5.0% 4.6% 4.4% 1.76 1.64 FY19 FY20 FY21 FY22 FY19 FY20 FY21 FY22
Slide 34: Way Ahead
Way Ahead
Slide 35: Achieving leadership position through…
Achieving leadership position through… Client Diversification High Value Products Capacity Expansion Backward Integration 1 2 3 4
Slide 36: Future Expansion Programs
Future Expansion Programs • Doubling the capacity of Wagons in the fourth quarter of FY23 Increasing the • Increasing the capacity of Rexine to 48 lacs meter per annum by Capacity of Existing the end of first quarter of FY23 Geared for fast Plants • Set-up a new plant for manufacturing ‘Bogie’ and ‘
Slide 37: Current and Future Capacity
Current and Future Capacity Existing Capacities New Capacity Total Capacity FY2022 In FY2023 FY2024 Existing Products Per annum Per annum Per annum Wagon 1,200 Nos. 1,200 Nos. 2400 Nos. Bogie 3,000 Nos. 3,000 Nos. 6,000 Nos. Coupler 2,500 Nos. 2,500 Nos. 5,000 Nos. Seats & Berths 3,000 Coach Set - 3
Slide 38: Growth Drivers
Growth Drivers Expansion of Wagon Capacity from 1200 units to 2400 units per annum New Capacity of Bogie and Coupler Expansion of Rexine Capacity from 24 Lac to 48 Lac meter per annum New Capacity of Bogie Spring
Slide 39: Competitive Advantage
Competitive Advantage 01 02 03 Focus on R&D and Being a small player in the Among the few players who continuous development of industry, well poised to has backward integration of New Products compete with big players Bogie & Couplers 04 05 Dividend paying Company Total Rail Solution provider from
Slide 40: Thank You
Thank You For more information, please contact Oriental Rail Infrastructure Limited Corporate Office: 16, Mascarenhas Road, Mazgaon, Mumbai - 400 010 Registered Office: Survey No. 49, Village Aghai, Taluka Shahpur, District Thane, Maharashtra - 421601 Tel: +91 22 6138 9400 Email: investors@orientalr
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