Jupiter Wagons Limited · NSE:JWL

Jupiter Wagons — Non-Deal Roadshow (June 2024)

40 slides from Jupiter Wagons's roadshow presentation, Jun 24, 2024

  1. Slide 1: Exchange filing cover letter

    June 24,2024 To, The Corporate Relationship Department, The Manager, Listing Department, BSE Limited, National Stock Exchange of India Limited, Phiroze Jeejeebhoy Towers, Exchange Plaza, Bandra Kurla Complex, Dalal Street, Bandra (E), Mumbai - 400 001. Mumbai - 400 051. Security Code: 533272 NSE Sym

  2. Slide 2: Jupiter Wagons Limited

    Private & Confidential JUPITER WAGONS LIMITED Bloomberg code: JWL IN

  3. Slide 3: Index

    Index Title Nos. Industry 1 About Jupiter Wagons Products & Offerings 2 State of the art Infrastructure 3 Management Team 4 Existing and Proposed Joint Ventures 5 Consolidated Financial overview 6 2

  4. Slide 4: Industry Overview

    Industry Overview

  5. Slide 5: Indian Railways undergoing dynamic growth with world-class advancements

    Indian Railways undergoing dynamic growth with world-class advancements… Indian Railway Capex over the years (INR bn) Highest Allocation of Railway Capex (INR bn) 2,600 2,700 2,350 2,010 361 1,910 1,334 300 411 1,480 344 351 172 404 244 163 256 166 208 135 87 107 68 Doubling New Lines Track Renewals

  6. Slide 6: Growth in both freight and passenger transportation

    …in both freight and passenger transportation Growth of Indian Railways  Government expects to spend USD 750 billion on Indian railways over 2018 to 2030  Market share to increase from ~26% in FY22 to 45% by FY30 as per the National Rail Plan  Demand for goods movement is expected to grow more th

  7. Slide 7: India taking a quantum leap in building new freight corridors

    India taking a quantum leap in building new freight corridors Highest Capex by DFCCIL in 2022-23 (INR bn) Month-wise average no of trains across corridors 128 132 129 125 222 226 214 194 100 175 150 140 135 142 122 108 87 14 10 80 80 86 5 4 6 63 67 72 2018-19 2019-20 2020-21 2021-22 2022-23 Oct 22 N

  8. Slide 8: Government Initiatives for Private Sector Investments

    Government Initiatives for Private Sector Investments  Scheme allows investment in procurement of general purpose wagon by end users, PSUs, Port owners, Logistics provider & Mines owners General Purpose 1 Wagon Investment  Indian Railways halted new applications from April, 2023 for inducting new

  9. Slide 9: Latest initiatives by Government for Indian Railways

    Latest initiatives by Government for Indian Railways  Programme will incentivize setting up of new manufacturing units, or expanding existing ones to supply PLI scheme for train coach and engine parts that are otherwise imported 1 parts  Another focus will be on assessing export potential of Vande

  10. Slide 10: About Company

    About Company

  11. Slide 11: Jupiter Wagons – one of the largest players in India's Railway sector

    Jupiter Wagons – one of the largest player in India’s dynamic Railway sector Company Overview Certifications  JWL is based out of Kolkata, West Bengal  Pursuant to a scheme of amalgamation erstwhile Jupiter Wagons Limited was amalgamated, with Commercial Engineers & Body Builders About the Co. Pri

  12. Slide 12: Strong Product Portfolio

    Strong Product Portfolio

  13. Slide 13: Product portfolio (1/3)

    Product portfolio (1/3) Wagons Open Wagons Flat Wagons/ BLC Wagons for Containers Covered Wagons BRN Wagons for Steel Rails and Flats Car Carrier Wagons Hopper Wagons for Iron Ore BCFC Wagons for Cement and FlyAsh 12

  14. Slide 14: Product portfolio (2/3)

    Product portfolio (2/3) Passenger Coach & Wagon Accessories Draft Gear Passenger Coupler with Alloy Steel balance Draft Gear Cast Bogie Brake System (Dako JV) Brake Disc (Kovis JV) CMS Crossings Wheels Wheelset Assembly Axle 13

  15. Slide 15: Product portfolio (3/3)

    Product portfolio (3/3) Load Bodies for Commercial and Heavy Vehicles Ribless Tipper Tipper Side Wall Semi Trailer Load Cargo Refrigerator fitted Tip Trailers Container Car Carrier Box Trailers Water Bowser Bodies Skeletal Trailers Heavy Fabrication ISO Marine Containers Power Plant Fabrication & ES

  16. Slide 16: State of the Art Infrastructure

    State of the Art Infrastructure

  17. Slide 17: State of the art manufacturing units

    State of the art manufacturing units Madhya Pradesh Maharashtra Jharkhand West Bengal 1 Plant in Plant 1 in Plant 2 in 1 Plant in 1 Plant in 1 JV & 3 Plants Jamshedpur Kolkata Kolkata Indore Aurangabad in Jabalpur Load bodies for Wagons, couplers, Brake System (Dako JV) Wheelsets & Axles Commercial

  18. Slide 18: State of the art manufacturing operations with significant capabilities

    State of the art manufacturing operations with significant capabilities Infrastructure Order Book (INR bn) Quarterly Manufactured Units 3273 2911 2,520 1,924 2,431 2,161 2,191 1,850 1,713 Q4FY23 1,532 Q1FY24 61.2 59.5 70.8 71.0 58.2 Q2FY24 309 145 112 157 126 226 158 131 190 200 Q3FY24 Q4FY24 Q4FY23

  19. Slide 19: Foundry infrastructure facilities to enhance production

    Foundry infrastructure facilities to enhance production…  2 units of 15 Tons Electric Arc Furnace For Steel Melting  Argon Purging System,  Heat-treatment Furnace,  Quenching Facility,  Bend Correction Press etc.  Sand Preparation Plant With Compact-strength Testing Laboratory  Metallurgical

  20. Slide 20: Modern automation and robotics technology

    …along with modern automation and robotics technology 19

  21. Slide 21: Strong Leadership & Management

    Strong Leadership & Management

  22. Slide 22: Leadership Team and The Board of Directors (1/3)

    Leadership Team and The Board of Directors (1/3) • The company is governed by strong leadership with experience and very renowned, experienced, and resourceful Board of Directors. • Shri Murari Lal Lohia has extensive leadership experience in the wagon industry. • Graduate in Engineering from Birla

  23. Slide 23: Leadership Team and The Board of Directors (2/3)

    Leadership Team and The Board of Directors (2/3) • Qualified CA with more than 39 years of experience • He was on board of many Cummins entities in India • Previously worked with Tata Motors for 12+ years and Cummins India Limited for 19+ years Prakash Yashwant Gurav Independent Director • Vast expe

  24. Slide 24: Leadership Team and The Board of Directors (3/3)

    Leadership Team and The Board of Directors (3/3) • 35+ years of experience, associated with JWL in 2007 as Wholetime Director • Previously worked with Burn Standard Co. Ltd. for 35 years, Braithweight & Co. Ltd • Alumni of IIT, Kharagpur and hold B.Tech in Mechanical Engineering Asim Ranjan Das Gupt

  25. Slide 25: Existing and Proposed Joint Ventures

    Existing and Proposed Joint Ventures

  26. Slide 26: Existing Joint Ventures, Subsidiary & Proposed Initiatives

    Existing Joint Ventures, Subsidiary & Proposed Initiatives Existing JV Subsidiary Proposed Initiatives CAF Green Power Metro Coaches Electric Commercial (MOU 50:50) Vehicles (MOU 50:50) JWL: 50% JWL: 50% JWL: 50% Jupiter Electric Habitation Real Stone India Bonatrans Kovis: 50% Dako: 50% Talleres: 5

  27. Slide 27: Backward integration to manufacture Wheels – Acquisition of Bonatrans

    Backward integration to manufacture Wheels – Acquisition of Bonatrans About Bonatrans India CERTIFICATIONS – IRIS & ISO 9001 • JWL acquires Bonatrans India for € 30mn (Rs 2.7bn), this strategic move marks a significant milestone • Bonatrans India was incorporated in 2013, manufacturing facility is s

  28. Slide 28: JWL - KOVIS (50:50) Joint Venture

    JWL - KOVIS (50:50) Joint Venture About JV Products and Clientele • JWL-KOVIS was incorporated on September,2019 in collaboration with Kovis D.O.O. Approval received from RDSO for Brake Disc, • The objective of JWL-KOVIS is to manufacture, assemble and supply brake discs, axel Axles & gear boxes for

  29. Slide 29: JWL – DAKO-CZ (50:50) Joint Venture

    JWL – DAKO-CZ (50:50) Joint Venture About JV Approvals and Clientele • JWL DAKO-CZ, was incorporated on May,2017 in collaborative efforts with DAKO-CZ RDSO Approval was received for • The objective of JWL DAKO-CZ is to design manufacture and supply brake systems for LHB Passenger coaches in Mar’23 h

  30. Slide 30: JWL – Talleres Alegria (50:50) Joint Venture

    JWL – Talleres Alegria (50:50) Joint Venture Approvals and Clientele RDSO Approval received for CMS welded crossings and Expected freight movement and railway track commercial production started in FY24 • Freight by weight is projected at 6366 Million Tons in 2026 Approvals • The same is pegged at 8

  31. Slide 31: JWL – RITES Joint Venture

    JWL – RITES Joint Venture MoU signed between the two companies Jupiter Wagons Limited RITES Limited Business Highlights • JWL signed MoU with RITES to bid in the global rolling stock projects • JWL along with RITES is looking to bid in other nations like Mozambique, Bangladesh, etc 30

  32. Slide 32: Jupiter Electric Mobility (60% stake) – eLCV

    Jupiter Electric Mobility (60% stake) – subsidiary of Jupiter Wagons Ltd. (eLCV) Approvals • MOU signed with GreenPower, which is a wholly owned subsidiary of GreenPower Motor Company Inc • E-LCVs-JEM TEZ of 2.2 Ton and EV Star CC of 7 Ton GVW has been displayed in Auto Expo in Jan 2023 • Currently

  33. Slide 33: Technology transfer partnerships with global leaders (1/2)

    Track record of having technology transfer partnerships with global leaders (1/2) • Partnership with Tatravagonka A.S. (CSG Group, Czech Republic and Budamar Logistics, Slovakia) for manufacturing wagons • Leading railway engineering company in the European Union named Tatravagonka A.S. • Leader in

  34. Slide 34: Technology transfer partnerships with global leaders (2/2)

    Track record of having technology transfer partnerships with global leaders (2/2) • Partnership with Talleres Alegría S.A. (Spain) for Weldable cast manganese steel (WCMS) crossings for both BG (broad gauge) and metro • Company is accredited with the UNE-EN ISO 9001:2000 and UNE-EN ISO 14001 certifi

  35. Slide 35: Consolidated Financial Summary

    Consolidated Financial Summary

  36. Slide 36: Strong revenue and profit growth with superior margins

    Strong revenue and profit growth with superior margins Revenue (INR mn) EBITDA and PAT Margin EBITDA% PAT% 13.4% 12.2% 10.7% 9.7% 9.1% 36,437 5.4% 5.8% 4.2% 20,682 9,958 11,784 FY21A FY22A FY23A FY24A FY21A FY22A FY23A FY24A ROE and ROCE Debt to Equity 24.9% 0.37 21.6% 20.5% 0.22 0.21 0.21 11.6% 11.

  37. Slide 37: Consolidated Quarterly Performance

    Consolidated Quarterly Performance Particulars (INR mn) Q4FY23 Q1FY24 Q2FY24 Q3FY24 Q4FY24 % QoQ % YoY Revenues 7,117.0 7,531.9 8,793.0 8,958.4 11,154.1 24.5 56.7 Gross Profit 1,624.2 1,697.1 1,919.7 2,071.2 2,459.4 18.7 51.4 Gross profit margin (%) 22.8% 22.5% 21.8% 23.1% 22.0% -107Bps -77Bps EBITD

  38. Slide 38: Consolidated Profit & Loss

    Consolidated Profit & Loss Particulars (INR mn) FY21A* FY22A FY23A FY24A Revenue from Operations 9,958 11,784 20,682 36,437 Total Revenue 9,976 11,817 20,733 36,683 YoY Growth - 18.45% 75.45% 76.93% Material Costs 7,396 9,169 15,801 28,461 Changes in inventories 20 -200 -56 -171 Gross Profit 2,542 2

  39. Slide 39: Consolidated Balance Sheet

    Consolidated Balance Sheet Particulars (INR mn) FY22A FY23A FY24A Particulars (INR mn) FY22A FY23A FY24A ASSETS EQUITY Non-current assets Equity share capital 3,874 3,874 4,123 Property, plant and equipment 3,951 4,335 6,186 Other Equity 2,952 4,159 12,039 Intangible Assets (including Goodwill) 314

  40. Slide 40: Thank You

    Thank You

Jupiter Wagons — Non-Deal Roadshow (June 2024) on 6ix