Lloyds Engineering Works Ltd · NSE:LLOYDSENGG
Lloyds Engineering Works — Q1 FY25 Earnings Presentation
39 slides from Lloyds Engineering Works's earnings presentation, Jul 30, 2024
Slide 1: Stock exchange filing cover letter
± www.lloydsengg.in © CIN: L28900MH1994PLC081235 LLOYD S ENG IN EER IN G W OR KS LIM ITED * infoengg@lloyds.in (Formerly known as Lloyds Steels Industries Limited) RS/LLOYDSENGG/BSEL-NSEL/2024/421 Date: 30th July 2024 The Department of Corporate The National Stock Exchange of India Services, Limited
Slide 2: Lloyds Engineering Works Ltd Investor Presentation July 2024
LLOYDS ENGINEERING WORKS LTD (LEWL) Investor Presentation July 2024
Slide 3: Disclaimer
Disclaimer The information contained herein has been prepared by Lloyds Engineering Works Ltd.(LEWL”) relying on information obtained from sources believed to be reliable but LEWL does not guarantee the accuracy or completeness of such information. Except for statements of historical facts, the info
Slide 4: Contents
Contents . Quarterly Results About Us Business Overview Investment Thesis Financials & Shareholding
Slide 5: Q1 FY25
3 : Q1 FY25
Slide 6: Q1 FY25 Snapshot
Q1 FY25- Snapshot Revenue Growth of EBITDA Growth of PAT growth of 65.26% 19.72% YoY 63.53% YoY YoY Share Purchase EBITDA margins Order book growth of agreement to Acquire higher 534bps YoY 10% YoY TECHNO INDUSTRIES Company received Strong Pipeline of Robust Order book at Fresh orders for Eco orders
Slide 7: Q1FY25 Result Highlights
Q1FY25– Result Highlights ₹ Crores Revenue EBITDA PAT 26.99 135.42 21.22 19.72% 63.53% 65.26% YoY YoY YoY 16.51 12.84 113.12 Q1FY24 Q1FY25 Q1FY24 Q1FY25 Q1FY24 Q1FY25 # #Excliuding Exceptional item (loss):₹2.5cr 6
Slide 8: Key Highlights
Key Highlights Q1FY25 continued its robust performance, with revenue growing by 19.72% YoY led by efficient execution. EBITDA for Q1FY25 grew to ₹26.99 cr from ₹16.51 cr in Q1FY24; a growth of robust 63.53% YoY ; Margins For Q1FY25 stood healthy at 19.93%. Timely booking of raw materials, efficient
Slide 9: Q1 FY25 Profit & Loss
Q1 FY25 – Profit & Loss Particulars (₹ crores) Q1FY25 Q1FY24 YoY Q4FY24 QoQ Revenue 135.42 113.12 19.71% 187.9 -27.93% Other Income 1.84 1.95 -5.64% 2.96 -37.84% RM consumed 78.76 73.38 7.33% 131.56 -40.13% Employee 8.63 7.04 22.59% 7.84 10.08% Other expenses 22.87 18.14 26.07% 21.73 5.25% EBITDA 27
Slide 10: Balance Sheet
Balance Sheet Particulars (₹ Crores) FY23 FY24 Fixed Assets 27.07 61.94 Capital Work In Progress 25.55 10.65 Goodwill 0.96 0.96 Right To Use 5.30 14.59 Other Assets 3.28 34.87 Sub-Total Non Current Assets 62.17 123.00 Inventories 114.58 101.98 Trade Receivables 29.09 151.81 Cash & Cash Equivalents 8
Slide 11: LEWL's Entry into Electrical Engineering
LEWL’s Entry into “Electrical Engineering” (LEWL) to acquire a 77% share in Techno Industries Pvt Ltd (TI) About Techno Industries ● Established in 2000, Techno Industries Pvt Ltd has established itself as a leading player in the elevator and escalator space with a significant presence in India’s mo
Slide 12: Future Strategy Post-Acquisition
Future Strategy Post-Acquisition Building and Compounding on Existing Strong Base and grow Multifold in next 5 years Overall Strategy • Expanding capacities • Adding new channel dealers Broadening Marketing Team- Motors & Pumps • Leveraging pre-qualification with • New Branches entities like NTPC, B
Slide 13: Strengthening LEWL Future Prospects
Strengthening LEWL Future Prospects Diversification of existing Enhanced Margins Product portfolio Mark LEWL's strong entry Techno’s robust margin into the electrical : and profile is expected to mechanical engineering support and enhance space. LEWL's overall margins. B2C Market Potential Broader G
Slide 14: Key Products & Services by Techno Industries
Key Products & Services by Techno Industries Brief Product profile across its verticals Motors and Pumps Key Strengths: Elevators Division Passenger Lifts Fire Fighting Pumps ❑ Diversified Product Mix, Products & Services Industrial Elevators Solar Pumps offered Kits Submersible Pumps ❑ Wide existin
Slide 15: About Us
LLOYDS ENGINEERING WORKS
Slide 16: About Us: Providing Innovated Industrial Solutions
About Us Providing Innovated Industrial Solutions A Product Engineering Solutions company We have developed a host of capabilities to deliver The engineering business was started by its superior and customised solutions to our client operations in 1974 and is a complete Process plant equipment-provi
Slide 17: Sector Variegation: Catering to diversified sectors
Sector Variegation- Catering to diversified sectors Partnering to bridge the gap in the nation’s infrastructure needs with our sustainable & efficient business model Hydrocarbon Steel Ports, Jetties& Power Nuclear Marine /Navy Refineries Fabrication of Manufacturing Manufacturing Design, various equ
Slide 18: Business Overview
LLOYDS ENGINEERING Hees Business Overview VV Se a | : “~~ > ———_ > * mM > fj - FLAG ~ a Jam. mr oe —— *
Slide 19: Our Forces: Unified and Client-Centric approach
Our Forces – Unified and Client-Centric approach Playing on Strengths to deliver robust output in the most efficient manner Single Location Manufacturing Five Decades of Experience The company has its state-of-the-Art Enriched experienced has facilities located in Murbad, Thane. All established Bran
Slide 20: Strategic Plant Location
Strategic Plant Location All workshops being adjacent to each other brings in the logistic advantage. The single location of the plant with all workshops adjacent to each other helps in better absorption Shop A of Overhead costs Shop B & C A centralised Raw Murbad, Thane Material procurement system
Slide 21: Multi Product offerings across Multiple Sectors
Multi Product offerings – Product portfolio across Multiple Sectors Order Book (Sector-Wise) Boilers / Hydrocarbons Ports, jetties/ As of 30th June 2024 Power/ / Dryers/ Steel Plant marine/ Chemicals Refineries Equipment Defence Steel 60.75% Power 8.11% HydroCarbon Marine/Port 6.50% 0.78% Naval & De
Slide 22: Our Offerings and Solutions
Our Offerings and Solutions Pressure Vessels Column 21
Slide 23: Our Offerings and Solutions
Our Offerings and Solutions Heat Exchangers Air/Gas Drying Systems 22
Slide 24: Our Offerings and Solutions
Our Offerings and Solutions Boilers Steel Plants Equipment 23
Slide 25: Broad-Based Clientele
Broad-Based Clientele & ® ? TOTAL Ww ihyssenkrupp ae ADITYA BIRLA GROUP i oe oe TATA ‘TATA PROJECTS LIMITED IndianOil ci BNBEC PDIL Rashtriya Chemicals and Fertilizers Limited WELSPUN
Slide 26: Certifications & Approvals
Certifications & Approvals 25
Slide 27: Technological Tie-ups
Technological Tie-ups The company in FY24 firmed up various technological tie-ups in the likes of: i) A Memorandum of Understanding (MOU) with The Material Works, Ltd. (TMW) for the transfer of cutting-edge and environmentally friendly technology, Eco Pickled Surface (EPS Gen 4), for pickling of all
Slide 28: More than Four Decades of Experience
More than Four Decades of Experience Mr Shreekrishna Gupta Shri. Mukesh R. Gupta Whole Time Director Chairman & Whole Time Director Krishna has great experience as an entrepreneur and A Commerce Graduate and successful Industrialist has successfully started and created two brands in very having a va
Slide 29: Investing in Lloyds Engineering Works
Investing in Lloyds Engineering Works
Slide 30: Sustainability, Profitability and Quality of Growth
Investing in Lloyds Engineering Works: Sustainability, Profitability and Quality of Growth Profitable Sustainable Equitable Building large capacities to pave the way Capacity for future growth Its 2.88x of FY23 & 1.44x of FY24 Sales. Order Book The order book has grown 10% YoY. The company’s Debt: e
Slide 31: Robust Order Book: A Growth Driver
Robust Order Book – A Growth Driver Order Book Movement (₹ Crores) • With a larger base of the Efficient Execution order book to begin FY24; the roadmap is relatively steady to deliver higher growth in the coming years. The company plans to systematically grow to # build over the more extensive base
Slide 32: Order Book Status
Order Book Status Order Book -April 2023 New Orders –Q1FY25 Order Book –June 2024 ₹904.32 cr ₹130.08 cr ₹899.19 cr Steel Civil 60.75% Steel 19.30% Eco Pickling 68.49% 38.44% Power 8.11% Naval & Defence 23.30% Marine/ Port Power HydroCarbon 0.78% 9.42% Marine/Ports 6.50% Marine 0.09% HydroCarbon 0.81
Slide 33: Capex: New Manufacturing Capacities
New Manufacturing Capacities – To support increasing order book & Future growth ▪ LEWL has already begun enhancing its capacities. ▪ Capacity expansion of ~2x underway, thus providing solid headroom to grow. ▪ Modernising & overhauling the asset base to deliver superior growth. Enhancing & Enabling
Slide 34: Industry Tailwinds: Long-term Play on Structural growth story
Industry Tailwinds – Long-term Play on Structural growth story National Infrastructure Pipeline to unleash mega Capex : On a structural upswing (₹ trn) opportunities (Fy20-25) 21 23 ₹ 36.66 trn Ports, Roads, railways 18.9 sector 14.6 16 12.7 14.5 ₹ 26.90 trn Energy & Power sector Industrial & Other
Slide 35: Value Creation
Aiming towards higher returns… To be established as an advanced and critical equipment manufacturing company, giving 2030 complete solutions to various industries in a customised manner Building Technological Bandwith to get into new sectors • Strong Pipeline to its Robust Value Creation Delivering
Slide 36: Financials
Financials
Slide 37: Financials At a Glance
Financials At a Glance ₹ Crores Annual Revenue EBITDA & PAT Return Ratios (%) 624.24 108.44 26.32 22.27 22.12 79.84 21.99 312.61 58.04 8.37 36.82 114.46 70.05 1.28 4.39 50.10 14.46 0.93 5.39 2.49 3.06 0.50 5.95 FY21 FY22 FY23 FY24 FY20 FY21 FY22 FY23 FY24 RoCE RoE FY20 FY21 FY22 FY23 FY24 Quarterly
Slide 38: Shareholding Structure
Shareholding Structure Price Movement (₹) Shareholding as of 30th June 2024 (%) 100 90 80 70 60 Public, 40.63% 50 40 30 Promoters, 20 57.25% 10 0 Jun-22 Jul-22 Jun-23 Jul-23 Jun-24 Jul-24 Apr-23 May-23 Aug-22 Nov-22 Aug-23 Nov-23 Apr-24 May-24 Sep-22 Dec-22 Jan-23 Feb-23 Mar-23 Sep-23 Dec-23 Jan-24
Slide 39: Thank You
Thank You lloyds_ir@lloyds.in www.lloydsengg.in +91 9892183389
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