Harsha Engineers International Ltd. · NSE:HARSHA
Harsha Engineers International — Q2 FY24 Earnings Presentation
18 slides from Harsha Engineers International's earnings presentation, Nov 7, 2023
Slide 1: Exchange filing cover letter
HEIL/SE-55/2023-24 November 7, 2023 To, To, The Manager (Listing), The Manager (Listing), The BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, "Exchange Plaza", C-l, Block - G, Dalal Street, Bandra - Kurla Complex, Bandra (E) Mumbai – 400 001 Mumbai – 400 051 Script Co
Slide 2: Earnings Presentation – For Q2 / H1 of FY24
Harsha Engineers International Limited Earnings Presentation – For Q2 / H1 of FY24
Slide 3: Disclaimer/ Safe Harbor
Disclaimer/ Safe Harbor Cautionary statement regarding forward-looking statements ● This presentation may contain certain forward-looking statements relating to Harsha Engineers International Limited (“HEIL”, or “Company””) and its future business, development and economic performance. These stateme
Slide 4: Index
Index Quarter Highlights Business Update Summary on use of IPO Proceeds Company Overview 3 Privileged & Confidential, © 2022, All Rights Reserved.
Slide 5: Quarter Highlights
WN Yue Y) _ Y —_l x Y x QUARTER
Slide 6: Financial Highlights
Financial Highlights ₹ in Lakhs Revenue - Engineering CONSOLIDATED EBITDA - Engineering CONSOLIDATED PAT - Engineering CONSOLIDATED EBITDA EBITDA % PAT PAT % Revenue outside 61.2% 64.7% 63.5% 16.2% 8.7% India (%) 14.7% 8.1% 5,500 35000 13.6% 3,000 5,153 4,875 30000 4,500 2,500 2,770 2,695 6.5% 4,053
Slide 7: Business Update
Business Update • Sustained market in India & Americas is the only positive for demand in Q2. Europe and China are showing weak demand resulting in degrowth. • Between Harsha China and Harsha Romania combined negative bottom line impact in H1 2023 is negative EBITDA of around (Rs. 4) crores and nega
Slide 8: Consolidated P & L Statement
Consolidated P & L Statement (₹ in Lakhs) Particulars Q2 FY24 Q2 FY23 H1 FY24 H1 FY23 FY 22-23 REVENUE : Revenue from Operations 33,949 32,197 68,745 71,965 1,36,402 Other Income 665 427 1,065 1,047 2,979 TOTAL REVENUE 34,614 32,624 69,810 73,012 1,39,381 EXPENSES : Cost of Material Consumed 18,440
Slide 9: Certain Key Parameters and Break Up
Certain Key Parameters and Break Up (₹ in Lakhs) Particulars Q2 FY24 Q2 FY23 H1 FY24 H1 FY23 FY 22-23 Revenue from Operations - Engineering & Others - Consolidated 29,761 31,817 62,858 67,670 1,29,866 - Engineering & Others - India 22,653 23,849 46,570 50,764 95,936 - Solar - EPC and O & M 4,188 380
Slide 10: Working Capital – Consolidated
Working Capital – Consolidated Amount ₹ in Lakhs Sr. Particulars H1 FY24 H1 FY23 FY22-23 1 Inventories a. Raw Material - Amount 7,379 9,296 9,017 No. of Days 20 24 23 b. Semi Finished- Amount 2,131 2,892 2,627 No. of Days 6 7 7 c. Finished - Amount 11,387 13,339 12,550 No. of Days 30 34 33 d. Stores
Slide 11: Utilisation of IPO Proceeds as on 30th Sep, 2023
Utilisation of IPO Proceeds as on 30th Sep, 2023 Amount (₹ Particulars Lakhs) Total IPO Proceeds 45,500 Less: IPO Expenses (2,560) Net Proceeds as per Prospectus 42,940 Less: IPO Expenses (excess contingencies hold) - Net Proceeds available 42,940 ₹ in Lakhs Amount as proposed in Amount Unutilised S
Slide 12: Company Overview
Company Overview
Slide 13: Harsha At A Glance
Harsha At A Glance Largest manufacturer of precision bearing cages in India* 50-60% of domestic 6.5% of the market share in the global organized bearing brass, steel and polyamide market share cages market^ 4 strategically located manufacturing facilities with various warehouses at different locatio
Slide 14: Bearing cages | ~US$5.2bn market expected to grow at ~6.4%
Bearing cages | ~US$5.2bn market expected to grow at ~6.4% Bearing cages form an important component Bearing cages have increasing usage across High growth bearing cages market within Bearings key fast-growing end user industries Global Bearings Market Domestic Bearings Market Global Bearing Cages M
Slide 15: Comprehensive solution provider offering diversified suite of precision engineering products
Comprehensive solution provider offering diversified suite of precision engineering products Bearing Cages Different designs of bearing cages with diverse applications Thrust Roller Spherical Roller Cylindrical Roller Sand Casting Bronze Precision Stamping Taper Roller Deep Grove Angular Contact Bal
Slide 16: Expertise in tooling, design development and automation
Expertise in tooling, design development and automation Full-service capabilities Tooling Design Tool Manufacturing under one roof • Expertise to design and develop • Comprehensive tooling, testing and advance tooling inhouse which measurement infrastructure enables HEIL to manufacture • Dedicated t
Slide 17: Key Strategies going forward
Key Strategies going forward Enhance market leadership in bearing cages and customer base expansion Growing bronze bushings and specialised component segment Increased focus on developing products suited to capture market opportunity in the growing EV segment Retain and strengthen technological lead
Slide 18: Thank You
THANKYOU (uarsua ENGINEERS
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