Alicon Castalloy Limited · NSE:ALICON
Alicon Castalloy — Q3 FY23 Earnings Presentation
25 slides from Alicon Castalloy's earnings presentation, Feb 11, 2023
Slide 1: Alicon Castalloy Ltd Q3 & 9M FY23 Results Presentation
Alicon Castalloy Ltd Q3 & 9M FY23 Results Presentation February 11, 2023
Slide 2: Forward-looking statements disclaimer
Except for the historical information contained herein, statements in this presentation and the subsequent discussions, which include words or phrases such as "will", "aim", "will likely result", "would", "believe", "may", "expect", "will continue", "anticipate", "estimate", "intend", "plan", "conte
Slide 3: About Q3 & 9M FY23 Concall
About Q3 & 9M FY23 Concall Alicon Highlights Details 3
Slide 4: About Alicon Castalloy
About Alicon Castalloy
Slide 5: End-to-end solutions across the entire spectrum of aluminum casting needs
Offers end-to-end solutions spanning the entire spectrum of aluminum casting needs across multiple user industries Offers - Design, Diversified Pioneer in Engineering, marquee Robust track India for Casting, Customer record of 49 processes of Operates one Leaders in the Machining and base across yea
Slide 6: Alicon key figures
1,081 116 93 customers with.. 4 INR crore of Total INR crore of Manufacturing Income in FY22 EBITDA in FY22 813 Live Parts Units 131 999 Presence in No. of product 18 No. of permanent innovations FY20-22 countries employees 6
Slide 7: A blend of European engineering skills, Japanese quality and Indian ingenuity
Enkei Corporation Alicon Castalloy Leading Japanese Largest Foundry in India – motor cycle and offering frugal engineering passenger car solutions wheel A blend of manufacturer European 70+ years of 49 years of track record 230+ engineering skills, experience Years of Cumulative Japanese quality Sil
Slide 8: Catering to key sectors of the Indian economy
Prototype Design Tool Design & Painting & Manufacturing Simulation Machining & Tool Sub-Assembly Manufacturing VA/VE Casting Fixture Design & Suggestions Manufacturing Manufacturing Catering to key sectors of the Indian economy Automobile Infrastructure Aerospace Medical Energy Agriculture 8
Slide 9: Strategic locations enable shorter time-to-market and enhanced cost optimization
Strategic locations enable shorter time-to-market and enhanced cost optimization 4 modern plants (1 international) High-end machines France Slovakia Advanced Technology Centre USA Austria Binola Pune Globally competent Tool Rooms (20 tools/ a month USA Marketing Franchise Full-edged Machine Shop (in
Slide 10: Diversity across markets and industries provides a natural hedge
Diversity across markets and industries provides a natural hedge TWO WHEELER OEM FOUR WHEELER OEM TIER 1 & NON AUTO Not reliant on a single ‘anchor’ customer None of the customers contribute >15% of turnover AND MANY MORE…. 10
Slide 11: Q3 & 9M FY2023 Operational & Financial Highlights
Q3 & 9M FY2023 Operational & Financial Highlights
Slide 12: Business & Macro-demand Highlights
Business & Macro-demand Highlights: • In Q3, the domestic PV industry witnessed robust growth of 21% YoY, due to a strong order book and increased production. The domestic CV sector grew by 12% YoY, driven by improved freight availability, higher infra spend and demand for replacements. • The domest
Slide 13: Union Budget 2023 – Key Highlights for the EV industry
Union Budget 2023 – Key Highlights for the EV industry: • The Government announced the Union Budget 2023 in February. One of the key themes was faster transition towards green mobility • The subsidy under the FAME scheme for fiscal 2024 is estimated to rise to Rs 5,172 crore as compared to Rs 2,897
Slide 14: Key Highlights for the EV industry
Key Highlights for the EV industry: • Global EV Sales remained strong with a total of 10.5 million new BEVs and PHEVs delivered during CY2022, an increase of 55% compared to CY2021. • Global light vehicle sales for CY2022 were 81 Million units, still 0.5% lower than CY2021 and 15% below pre-COVID le
Slide 15: Key Motto for FY 23: 3R
• In Q3 FY23, the Company has booked • Lower fixed expenses 4 new parts from 3 customers • Lean and Agile manufacturing • This includes 1 part for PV and 3 part processes Sustainable Cost- New optimisation Business for 2W • Focus on reducing overheads Wins: • Of these 4 parts, 1 part are added in •
Slide 16: Auto industry challenges and how Alicon combated these 7Cs
Auto Industry is faced with seven key challenges impacting demand & Alicon combated these 7Cs consumer sentiments through: Focus on enriched product mix and driving improved volumes 1. COVID pandemic-related of higher margin products 2. Chip (semiconductor) disruptions shortages • Demand slowdown an
Slide 17: Q3 FY23 Total Income, EBITDA, PBT, PAT
• In Q3, Alicon delivered strong growth Total Income with total Income higher by 29% on a EBITDA YoY basis led by start of production on new orders and improved 378.0 362.0 43.5 42.4 production schedules of OEM 279.6 33.8 customers • Other income stood at Rs. 0.7 crore • Gross profit was Rs. 178.0 c
Slide 18: Q3 revenue mix: auto vs non-auto, domestic vs global
Non-Auto, 7% Global, 21% Auto, 93% Domestic , 79% 18
Slide 19: 9M FY23 Total Income, EBITDA, PBT, PAT
• Alicon outperformed the industry with robust revenue growth of 43% YoY in Total Income EBITDA 9MFY23. • Start of Production of large orders 1,084.0 123.8 awarded in recent quarters has 760.0 77.1 driven this performance. Further supported by improved contribution from international subsidiary – 9M
Slide 20: 9M revenue mix: auto vs non-auto, domestic vs global
Non-Auto, Global, 6% 22% Domestic , Auto, 94% 78% 20
Slide 21: Consolidated profit and loss statement
Particulars (Rs. crore) Q3 FY23 Q3 FY22 Y-o-Y Shift 9M FY23 9M FY22 Y-o-Y Shift Net Revenue from Operations 361.31 278.94 30% 1,081.90 757.49 43% Other Income 0.72 0.64 12% 2.08 2.51 -17% Total Income 362.03 279.58 29% 1,083.98 760.00 43% Total Expenditure 319.67 245.80 30% 960.22 682.92 41% Raw Mat
Slide 22: Commentary from Group CEO Rajeev Sikand
Commenting on the performance, Mr. Rajeev Sikand, Group CEO , Alicon Castalloy said, “We are delighted to report a strong set of results in Q3 with consolidated total income of Rs. 362.03 Crore, higher by 29% YoY. Our transformation initiatives built on our 5 pillar strategy continue to underscore o
Slide 23: Concall Details
Concall Details
Slide 24: Q3 & 9M FY23 Earnings Conference Call
Alicon Castalloy’s Q3 & 9M FY23 Earnings Conference Call Time & Date • 12:00 PM IST on Monday, February 13, 2023 Local dial-in numbers • +91 22 6280 1141 • +91 22 7115 8042 International Toll Free Number • Hong Kong: 800 964 448 • Singapore: 800 101 2045 • UK: 0 808 101 1573 • USA: 1 866 746 2133 24
Slide 25: Thank You
Thank You For further information, please contact: Gaurav Agrawal Alicon Castalloy Ltd Tel: +91 95119 11290 E-mail: gaurav.agrawal@alicongroup.co.in Mayank Vaswani / Mit Shah CDR, India Tel: +91 22 98209 40953 / 99201 68314 Email: mayank@cdr-india.com mit@cdr-india.com For more information, visit ww