Pitti Engineering Ltd. · NSE:PITTIENG
Pitti Engineering — Q4 FY2023 Earnings Presentation
29 slides from Pitti Engineering's earnings presentation, May 29, 2023
Slide 1: Regulation 30 cover letter to stock exchanges
29th May 2023 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 – 400 051 Scrip Code: 513519 Scrip Code: PITTIENG Dear Sirs, Sub: Regulation 30 of SEBI (Listing Obligations and Disclosure
Slide 2: Investor Presentation Q4 - FY23 & FY 2022-23
Pitti Engineering Limited INVESTOR PRESENTATION Q4 - FY23 & FY 2022- 2022-23
Slide 3: Disclaimer
Disclaimer 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, fairness and r
Slide 4: Leadership insight
Leadership insight “Pitti Engineering Limited has achieved exceptional milestones, recording its highest-ever annual revenue of Rs. 1,111.78 Crores with a YoY growth of 15.22%. Our annual EBITDA reached a record high of Rs. 151.39 Crores, reflecting a YoY growth of 14.14%, while the net profit surge
Slide 5: Sectoral update
Sectoral update PITTI ENGINEERING LIMITED 4 @2023
Slide 6: Key macroeconomic indicators
Key macroeconomic indicators • Indian GDP is projected to rise to 6.9 percent in the following two financial years — 2024-25 and 2025-26 and rising to 7.1 percent in 2026-27 - S&P Global said. • Inflation is now moderating - CPI inflation eased slightly in March 2023 to 5.6% from 6.4% in February 20
Slide 7: Quarterly highlights
Quarterly highlights Sales volume is 9,591 MT in Q4FY23 – up by 10.91% on YoY basis (Q4FY22 – 8,647 MT), even though the revenue is down by 8.08% on YoY basis EBDITA of ₹ 40.56 Crores in Q4FY23 - up by 14.67% on YoY basis, PAT of ₹ 24.83 Crores in Q4FY23 - up by 25.47% on YoY basis PITTI ENGINEERING
Slide 8: Q4 - Key performance indicators
Q4 - Key performance indicators (₹ in Cr) Particulars Revenue EBITDA PAT Q4 FY23 263.31 40.56 24.83 Q4 FY22 286.46 35.37 19.79 Year-on-Year (8.08)% 14.67% 25.47% Q4 FY21 189.51 26.72 21.21 PITTI ENGINEERING LIMITED 7 @2023
Slide 9: Q4 - Key performance indicators
Q4 - Key performance indicators Revenue EBITDA PAT Cash Accruals EPS (₹ in Cr) (₹ in Cr) (₹ in Cr) (₹ in Cr) (₹) Q4 FY21 Q4 FY22 Q4 FY23 Q4 FY21 Q4 FY22 Q4 FY23 Q4 FY21 Q4 FY22 Q4 FY23 Q4 FY21 Q4 FY22 Q4 FY23 Q4 FY21 Q4 FY22 Q4 FY23 286.46 40.56 24.83 37.59 7.75 263.31 35.37 21.21 6.62 30.93 19.79 2
Slide 10: Q4 - Performance snapshot
Q4 - Performance snapshot (₹ in Cr) Particulars Q4 FY23 Q4 FY22 YoY change Q4 FY21 Revenue from operations 247.50 271.39 (8.80)% 170.34 Other income 15.81 15.07 4.91% 19.17 Total Income / Revenue 263.31 286.46 (8.08)% 189.51 RM consumed & Change in Inventory 168.97 199.72 (15.40)% 111.59 Employee co
Slide 11: Q4 - Performance snapshot
Q4 - Performance snapshot (₹ in Cr) Particulars Q4 FY23 Q4 FY22 YoY change Q4 FY21 EBITDA excl. other income 40.56 35.37 14.67% 26.72 Other income 15.81 15.07 4.91% 19.17 Finance costs 9.93 12.29 (19.20)% 9.11 Depreciation and amortisation 12.76 11.14 14.54% 8.46 Tax expenses 8.85 7.22 22.58% 7.11 P
Slide 12: Q4 - Operational highlights
Q4 - Operational highlights Annual Capacity as at the quarter end Q4 FY23 Q4 FY22 YoY Change Q4 FY21 Sheet Metal – MTs 50,200 46,000 9.13% 39,600 Machining - Hours 4,60,800 4,03,200 14.29% 3,62,800 Capacity utilisation for the quarter Sheet Metal 74.14% 74.79% NA 66.69% Machining 75.82% 84.69% NA 75
Slide 13: Q4 - End-user application revenue breakup
Q4 - End- End-user application revenue breakup Q4 FY23 Q4 FY22 Appliances & Automotive Consumer 0.76% Appliances & Automotive 0.00% Consumer… 0.00% PITTI ENGINEERING LIMITED 12 @2023
Slide 14: Q4 - End-user application revenue breakup
Q4 - End- End-user application revenue breakup (₹ in Cr) Q4 FY23 Q4 FY22 Applications Revenue % of Revenue Revenue % of Revenue Appliances & Consumer 0.00 0.00% 3.59 1.25% Automotive 2.00 0.76% - - Data Centre 8.00 3.04% 6.08 2.12% Industrial & Commercial 35.00 13.29% 37.54 13.10% Mining, Oil & Gas
Slide 15: FY 2022-23 Annual performance
FY 2022- 2022-23 Annual performance PITTI ENGINEERING LIMITED 14 @2023
Slide 16: Annual - Key performance indicators
Annual - Key performance indicators (₹ in Cr) Particulars Revenue EBITDA PAT FY 2022-23 1117.98 151.39 58.83 FY 2021-22 970.26 132.63 51.90 Year-on-Year 15.22% 14.14% 13.35% FY 2020-21 538.67 78.05 28.78 3 Year CAGR % 44.06% 39.28% 42.97% PITTI ENGINEERING LIMITED 15 @2023
Slide 17: Annual - Key performance indicators
Annual - Key performance indicators Revenue EBITDA PAT Cash Accruals EPS (₹ in Cr) (₹ in Cr) (₹ in Cr) (₹ in Cr) (₹) FY 2021 FY 2022 FY 2023 FY 2021 FY 2022 FY 2023 FY 2021 FY 2022 FY 2023 FY 2021 FY 2022 FY 2023 FY 2021 FY 2022 FY 2023 1117.98 151.39 103.48 58.83 18.36 132.63 970.26 51.90 16.19 90.
Slide 18: Annual - Key performance indicators
Annual - Key performance indicators Net Worth ROCE ROE DE Ratio Total Working (₹ in Cr) (%) (%) Capital Days FY 2021 FY 2022 FY 2023 FY 2021 FY 2022 FY 2023 FY 2021 FY 2022 FY 2023 FY 2021 FY 2022 FY 2023 FY 2021 FY 2022 FY 2023 334.09 18.28% 18.20% 17.78% 17.61% 152 1.15 1.08 283.97 235.82 0.87 12.
Slide 19: Annual - Performance snapshot
Annual - Performance snapshot (₹ in Cr) Particulars FY 2022-23 FY 2021-22 YoY change FY 2020-21 Revenue from operations 1100.17 953.82 15.34% 518.17 Other income 17.81 16.44 8.33% 20.50 Total Income / Revenue 1117.98 970.26 15.22% 538.67 RM consumed & Change in Inventory 782.31 678.15 15.36% 335.27
Slide 20: Annual - Performance snapshot
Annual - Performance snapshot (₹ in Cr) Particulars FY 2022-23 FY 2021-22 YoY change FY 2020-21 EBITDA excl. other income 151.39 132.63 14.14% 78.05 Other income 17.81 16.44 8.33% 20.50 Finance costs 44.66 39.60 12.78% 29.60 Depreciation and amortisation 44.65 38.87 14.87% 30.38 Tax expenses 21.06 1
Slide 21: Annual - Operational highlights
Annual - Operational highlights Annual Capacity as at the Year End FY 2022-23 FY 2021-22 YoY change FY 2020-21 Sheet Metal – MTs 50,200 46,000 9.13% 39,600 Machining – Hours 4,60,800 4,03,200 14.29% 3,62,800 Capacity utilisation Sheet Metal 71.32% 69.74% NA 54.82% Machining 74.32% 76.31% NA 61.11% S
Slide 22: Annual - End-user application revenue breakup
Annual - End- End-user application revenue breakup FY 2022-23 FY 2021-22 Appliances & Automotive Appliances & Automotive Consumer 0.61% Consumer 0.00% 0.30% 1.64% PITTI ENGINEERING LIMITED 21 @2023
Slide 23: Annual - End-user application revenue breakup
Annual - End- End-user application revenue breakup (₹ in Cr) FY 2022-23 FY 2021-22 Applications Revenue % of Revenue Revenue % of Revenue Appliances & Consumer 3.35 0.30% 15.91 1.64% Automotive 6.80 0.61% - - Data Centre 24.86 2.22% 20.95 2.16% Industrial & Commercial 151.60 13.56% 153.03 15.77% Min
Slide 24: Corporate overview
Corporate overview PITTI ENGINEERING LIMITED 23 @2023
Slide 25: Delivering engineering excellence
Delivering engineering excellence As one of the leading One of the One of the engineering companies, we are focused on manufacturing value- Manufacturers and exporters of of assemblies for large electrical laminations in India alternators and motors in India added and assembled components through ma
Slide 26: Focused on the long-term
Focused on the long- long-term Financial Operational Sustainable 44.06% 3 Vertically integrated *3-year CAGR Revenue State-of-the-art manufacturing plants Manufacturing process 39.27% 11 Diverse *3-year CAGR EBDITA Countries of export presence Product portfolio catering to several downstream industr
Slide 27: Industries we serve
Industries we serve Appliances Cement Construction Data Centres DG sets Electrical vehicle motor Freight rail Hydro generations Lift irrigations Medical equipment Minning Mass urban transport Other industries Oxygen plants Pumps Passenger rail Steel Sugar Thermal power Wind mill generations Wind mil
Slide 28: Serving leading brands
Serving leading brands PITTI ENGINEERING LIMITED 27 @2023
Slide 29: Contact us
Contact us For further information visit www.pitti.in PITTI ENGINEERING LIMITED Mr. M Pavan Kumar (Formerly Pitti Laminations Limited) Chief Financial Officer 6-3-648/401, 4th Floor, Padmaja Landmark, Mr. CS Rama Naidu Somajiguda Hyderabad 500082. Telangana , India. Intellect PR T:+91 40 2331 2774 /