Ador Welding Limited · NSE:ADOR
Ador Welding — Q3 FY2023 Earnings Presentation
17 slides from Ador Welding's earnings presentation, Feb 8, 2023
Slide 1: Investor Presentation 8th February 2023
INVESTOR PRESENTATION 8th February 2023 Creating The Best Welding Experience 1
Slide 2: Agenda
Agenda I Business Overview I Performance I Status of Merger I Achievements Creating The Best Welding Experience 2
Slide 3: Disclaimer
Disclaimer I This Investor Presentation by Ador Welding Ltd. (“Ador / the Company”) is solely for informational purposes. This presentation does not constitute an offer or invitation, directly or indirectly, to purchase or subscribe for any securities of Ador. I The information contained herein has
Slide 4: Business Overview
Business Overview Q3 Sales Q3 PBT 9-months PBT Rs. 199 Cr. 11% 9.3% • Highest sales in Q3 • Expansion of 380 bps from Q3-FY’22 • Expansion of 200 bps from 9-months FY’22 • Q-o-Q increase of 7% • Best ever quarterly performance • Expansion of 190 bps from FY’22 • Robust demand • Central Budget propos
Slide 5: Performance
Performance Creating the best welding experience 5
Slide 6: PBT and RoCE
PBT and RoCE 23 11.1 18 9.5 9.3 15 7.4 7.2 5.6 11 10 4.1 3.6 7 2.1 FY'18 FY'19 FY'20 FY'21 FY'22 Q-1 Q-2 Q-3 9-months FY'18 FY'19 FY'20 FY'21 FY'22 9-months FY'23 FY'23 FY'23 FY'23 FY'23 (Annualized) PBT Margins (%) RoCE (%) All numbers are w/o exceptional items Creating The Best Welding Experience
Slide 7: Working Capital & Borrowings
Working Capital & Borrowings 81 82 0.4 193 0.33 173 65 163 160 147 146 0.26 125 156 107 118 120 87 77 79 28 0.12 69 74 18 1 15 0.002 0.07 0.05 9 0.03 FY'18 FY'19 FY'20 FY'21 FY'22 Q1 Q2 Q3 FY 18 FY 19 FY 20 FY 21 FY 22 Q1 Q2 Q3 FY 18 FY 19 FY 20 FY 21 FY 22 Q1 Q2 Q3 FY'23 FY'23 FY'23 FY'23 FY'23 FY'
Slide 8: Segment Performance - Consumables
Segment Performance - Consumables 16% 15% 15% 180 169 35 158 15% 160 148 142 30 14% 140 128 121 13% 120 25 13% 106 100 24 12% 11% 20 80 11% 11% 11% 18 19 18 60 16 15 10% 10% 40 13 10 20 11 9% - 5 8% Q1 FY'22 Q2 FY'22 Q3 FY'22 Q4 FY'22 Q1 FY'23 Q2 FY'23 Q3 FY'23 Q1 FY'22 Q2 FY'22 Q3 FY'22 Q4 FY'22 Q1
Slide 9: Segment Performance - Equipment
Segment Performance - Equipment 20% 18% 30 28 28 5.0 16% 25 4.5 25 24 22 23 4.0 14% 12% 12% 3.5 12% 20 18 3.0 10% 3.1 9% 15 2.5 8% 6% 6% 2.4 2.0 10 2.2 6% 5% 1.5 1.7 3% 1.5 4% 1.0 5 1.0 2% 0.7 0.5 - - 0% Q1 FY'22 Q2 FY'22 Q3 FY'22 Q4 FY'22 Q1 FY'23 Q2 FY'23 Q3 FY'23 Q1 FY'22 Q2 FY'22 Q3 FY'22 Q4 FY'
Slide 10: Ador International
Ador International 20 18 18 16 14 12 12 9 • Division is scaling new heights 10 9 9 8 8 • Aggressive entry in key markets 5 6 4 2 - Q1 FY'22 Q2 FY'22 Q3 FY'22 Q4 FY'22 Q1 FY'23 Q2 FY'23 Q3 FY'23 AI sales (Rs. Cr.) Creating the best welding experience 10
Slide 11: Segment Performance - FPED
Segment Performance - FPED 20% 16 6.0 14% 15% 13% 14 14 5.0 12 10% 12 4.0 5% 10 5% 10 3.0 1% 0% 8 0% 8 7 2.0 6 2.0 -5% 6 1.6 1.0 4 -10% 4 0.5 0.0 -13% 0.1 0.0 2 -1.0 -15% -18% -0.7 -0.8 - -2.0 -20% Q1 FY'22 Q2 FY'22 Q3 FY'22 Q4 FY'22 Q1 FY'23 Q2 FY'23 Q3 FY'23 Q1 FY'22 Q2 FY'22 Q3 FY'22 Q4 FY'22 Q1
Slide 12: Status of Merger
Status of Merger Updates on Amalgamation of ADFL with AWL : • Company has filled application with NCLT. Creating the best welding experience 12
Slide 13: Achievements
Achievements Creating the best welding experience 13
Slide 14: Certified Quality
Certified Quality Creating the best welding experience 14
Slide 15: Q&A
Q&A Creating The Best Welding Experience 15
Slide 16: Guidelines
Guidelines • Due to the time constraints, we would be limiting a maximum of 2 to 3 questions per participant. Please be quick & precise with your questions • Please avoid asking questions, already answered or covered in the presentation • Anyone interested in asking questions are requested to put th
Slide 17: Thank You
THANK YOU Creating The Best Welding Experience 17