Pitti Engineering Ltd. · NSE:PITTIENG
Pitti Engineering — H1 FY23 Earnings Presentation
26 slides from Pitti Engineering's earnings presentation, Nov 11, 2022
Slide 1: Pitti Engineering Limited filing cover letter
Pitti Engineering Limited [Formerly Pitti Laminations Limited] .£ I50 9001-2015 www.pitti.in 1IS0 14001.2015 PITTI November 11, 2022 To To BSE Ltd National Stock Exchange of India Limited Floor 25, P J Towers, Dalal Street Exchange Plaza, Bandra Kurla Complex Mumbai - 400 001 Bandra (E), Mumbai - 40
Slide 2: Investor Presentation Q2 - FY23 & H1 - FY23
.0 PITTI Pitti Engineering Limited INVESTOR PRESENTATION Q2 - FY23 & H1 - FY23
Slide 3: Disclaimer
Disclaimer PITTI .0 This presentation has been prepared by the Company based on information and data which the Company considers reliable, but the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairn
Slide 4: Quarterly highlights
.0 PITTI Quarterly highlights Revenue of ₹ 304.53 Crores in Q2FY23 - up by 25.57% on YoY basis EBDITA of ₹ 36.55 Crores in Q2FY23- up by 4.31% on YoY basis PITTI ENGINEERING LIMITED 3
Slide 5: Q2 - Key performance indicators
.0 Q2 - Key performance indicators PITTI .·" -i-, (₹ in Cr) I %" Particulars Revenue EBITDA PAT "· a a Q2FY23 304.53 36.55 10.15 ·", a a»a • .·•, ·· ·.° • • •• • • • • • • Q2FY22 Year-on-Year 242.51 25.57% 35.04 4.31% 13.15 (22.81)% Q2FY21 135.37 24.03 10.09 PITTI ENGINEERING LIMITED 4
Slide 6: Q2 - Key performance indicators
Q2 - Key performance indicators PITTI .0 Revenue EBITDA PAT Cash Generation EPS (₹ in Cr) (₹ in Cr) (₹ in Cr) (₹ in Cr) (₹) ■ Q2FY21 ■ Q2FY22 ■ Q2FY23 ■ Q2FY21 ■ Q2FY22 ■ Q2FY23 ■ Q2FY21 ■ Q2FY22 ■ Q2FY23 ■ Q2FY21 ■ Q2FY22 ■ Q2FY23 ■ Q2FY21 ■ Q2FY22 ■ Q2FY23 304.53 13.15 23.06 36.55 4.11 35.04 20.97
Slide 7: Q2 - Performance snapshot
Q2 - Performance snapshot PITTI .0 (₹ in Cr) Particulars Q2 FY23 Q2 FY22 YoY change Q2 FY21 Revenue from operations 304.17 242.23 25.57% 134.95 Other income 0.36 0.28 28.57% 0.42 Total Income / Revenue 304.53 242.51 25.57% 135.37 RM consumed & Change in 222.90 169.42 31.57% 85.85 Inventory Employee
Slide 8: Q2 - Performance snapshot
Q2 - Performance snapshot PITTI .0 (₹ in Cr) Particulars Q2 FY23 Q2 FY22 YoY change Q2 FY21 EBITDA excl. other income 36.55 35.04 4.31% 24.03 Other income 0.36 0.28 28.57% 0.42 Finance costs 12.03 8.19 46.89% 6.29 Depreciation and amortisation 10.61 9.31 13.96% 7.23 Tax expenses 4.12 4.67 (11.78)% 0
Slide 9: Q2 - Operational highlights
Q2 - Operational highlights PITTI .0 Annual Capacity as at the quarter end Q2 FY23 Q2 FY22 YoY Change Q2 FY21 Sheet Metal – MTs 50,200 41,000 22.44% 36,000 Machining - Hours 4,03,200 3,70,000 8.97% 2,90,800 Capacity utilisation for the quarter Sheet Metal 71. 29% 88.11% 60.52% Machining 82.18% 83.89
Slide 10: Q2 - End-user application revenue breakup
Q2 - End- End-user application revenue breakup Prrrf Q2 - FY23 Q2 - FY22 Appliances & Automotive ■ Appliances & Automotive Consumer 0.6% Consumer 0.0% 0.5% 2.5% Mining, Oil & Gas 3.5% Special Purpose Motors 10.9% PITTI ENGINEERING LIMITED 9
Slide 11: Q2 - End-user application revenue breakup
Q2 - End- End-user application revenue breakup PITTI .0 (₹ in Cr) Q2 FY23 Q2 FY22 % of % of Applications Revenue Revenue Revenue Revenue Appliances & Consumer 1.48 0.49% 6.06 2.50% Automotive 1.71 0.56% - - Data Centre 5.39 1.77% 5.94 2.45% Industrial & Commercial 37.38 12.27% 46.32 19.10% Mining, O
Slide 12: Half yearly highlights
.0 PITTI Half yearly highlights Revenue of ₹ 615.59 Crores in H1FY23 - up by 47.15% on YoY basis EBDITA of ₹ 72.01 Crores in H1FY23 – up by 14.32% on YoY basis PAT of ₹ 21.86 Crores in H1FY23 – up by 6.58% on YoY basis PITTI ENGINEERING LIMITED 11
Slide 13: H1 - Key performance indicators
.0 H1 - Key performance indicators PITTI (₹ in Cr) .·" -i-, %" I Particulars Revenue EBITDA PAT "· a a H1FY23 615.59 72.01 21.86 ·", a a»a • .·•, ·· ·.° • • •• • • • • • • H1FY22 Year-on-Year 418.34 47.15% 62.99 14.32% 20.51 6.58% H1FY21 197.46 26.11 0.31 PITTI ENGINEERING LIMITED 12
Slide 14: H1 - Key performance indicators
H1 - Key performance indicators PITTI .0 Revenue EBITDA PAT Cash Generation EPS (₹ in Cr) (₹ in Cr) (₹ in Cr) (₹ in Cr) (₹) ■ H1FY21 ■ H1FY22 ■ H1FY23 ■ H1FY21 ■ H1FY22 ■ H1FY23 ■ H1FY21 ■ H1FY22 ■ H1FY23 ■ H1FY21 ■ H1FY22 ■ H1FY23 ■ H1FY21 ■ H1FY22 ■ H1FY23 615.59 21.86 42.96 72.01 6.82 20.51 39.26
Slide 15: H1 - Key performance indicators
H1 - Key performance indicators PITTI .0 DE Ratio Total Working Capital Days ■ H1FY21 ■ H1FY22 ■ H1FY23 ■ H1FY21 ■ H1FY22 ■ H1FY23 172 1.27 1.16 0.99 99 89 PITTI ENGINEERING LIMITED 14
Slide 16: H1 - Performance snapshot
H1 - Performance snapshot PITTI .0 (₹ in Cr) Particulars H1 FY23 H1 FY22 YoY change H1 FY21 Revenue from operations 614.71 417.60 47.20% 196.50 Other income 0.88 0.74 18.92% 0.96 Total Income / Revenue 615.59 418.34 47.15% 197.46 RM consumed & Change in 454.29 284.50 59.68% 126.78 Inventory Employee
Slide 17: H1 - Performance snapshot
H1 - Performance snapshot PITTI .0 (₹ in Cr) Particulars H1 FY23 H1 FY22 YoY change H1 FY21 EBITDA excl. other income 72.01 62.99 14.32% 26.11 Other income 0.88 0.74 18.92% 0.96 Finance costs 22.74 17.44 30.39% 12.80 Depreciation and amortisation 20.89 18.30 14.15% 14.13 Tax expenses 7.40 7.48 (1.07
Slide 18: H1 - Operational highlights
H1 - Operational highlights PITTI .0 Annual Capacity as at the half year end H1 FY23 H1 F 22 YoY Change H1 FY21 Sheet Metal – MTs 50,200 41,000 22.44% 36,000 Machining - Hours 4,03,200 3,70,000 8.97% 2,90,800 Capacity utilisation for the half year Sheet Metal 72.45% 73.58% 43.61% Machining 80.64% 86
Slide 19: H1 - End-user application revenue breakup
H1 - End- End-user application revenue breakup Prrrf H1 - FY23 H1 - FY22 Appliances & Automotive ■ Appliances & Automotive Consumer 0.5% Consumer 0.0% 0.5% 2.0% Mining, Oil & Gas 5.0% Special Purpose Motors 10.2% PITTI ENGINEERING LIMITED 18
Slide 20: H1 - End-user application revenue breakup
H1 - End- End-user application revenue breakup PITTI .0 (₹ in Cr) H1 FY23 H1 FY22 % of % of Applications Revenue Revenue Revenue Revenue Appliances & Consumer 2.92 0.47% 8.43 2.02% Automotive 2.97 0.48% - - Data Centre 10.94 1.78% 7.96 1.90% Industrial & Commercial 83.81 13.61% 74.85 17.89% Mining,
Slide 21: Corporate overview
.0 PITTI Corporate overview PITTI ENGINEERING LIMITED 20
Slide 22: Delivering engineering excellence
Delivering PITTI .0 engineering excellence One of the One of the As one of the leading engineering companies, we are focused on Manufacturers and exporters of of assemblies for large electrical laminations in India alternators and motors in India manufacturing value- added and assembled components t
Slide 23: Focused on the long-term
Focused on the long- long-term PITTI .0 Financial Operational Sustainable 20.51% 3 Vertically integrated *5-year CAGR Revenue State-of-the-art manufacturing plants Manufacturing process 19.43% 11 Diverse *5-year CAGR EBITDA Countries of export presence Product portfolio catering to several downstrea
Slide 24: Industries we serve
.0 Industries we serve PITTI s {AS c. t etot E .... --i n «fee Appliances Cement Construction Data Centres DG sets Electrical vehicle motor Freight rail m s w f Hydro generations Lift irrigations Medical equipment Minning Mass urban transport Other industries Oxygen plants vow4 «I Pumps Passenger ra
Slide 25: Serving leading brands
Serving leading brands PITTI .0 IA I RAP ANRTL @@ sharat Bilee G Smart solutions Strong relationships « 0 1§ (fi)L&T ,Mf-MHPS Marathon MEDHA MOOG $ MrsuBISHI ra ii~Cf~ Changes for the Better SIEMENS lngeteam SIEMENS Gamesa TMEiC We drive industry VOITH PITTI ENGINEERING LIMITED 24
Slide 26: Contact us
Contact us PITTI .0 For further information visit www.pitti.in PITTI ENGINEERING LIMITED Mr. CS Rama Naidu (Formerly Pitti Laminations Limited) Intellect PR 6-3-648/401, 4th Floor, Padmaja Landmark, Mobile: +91 99202 09623 Somajiguda Hyderabad 500082. Telangana , India. Email: rama@intellectpr.com T