Bmw Industries Ltd · BSE:BMW
Bmw Industries — Q4 FY24 Earnings Presentation
23 slides from Bmw Industries's earnings presentation, May 15, 2024
Slide 1: Cover letter to stock exchanges
Date: 15-05-2024 To, To, The Manager The Manager Listing Department Listing Department BSE Limited The Calcutta Stock Exchange Limited Phiroze Jeejeebhoy Towers Lyons Range, Dalal Street, Mumbai- 400001 Kolkata – 700 001 Scrip Code: 542669 Scrip Code: 12141- CSE Dear Sir / Madam, Subject: Investors
Slide 2: BMW Industries Ltd. Q4 FY24 Earnings Presentation
BMW Industries Ltd. Q4 FY24 Earnings Presentation
Slide 3: Safe Harbor Statement
Safe Harbor Statement This presentation may contain certain “forward-looking statements” within the meaning of applicable securities laws and regulations, which may include those describing the Company’s strategies, strategic direction, objectives, future projects and/or prospects, estimates etc. In
Slide 4: Inside this Presentation
Inside this Presentation COMPANY SNAPSHOT 04 MANAGEMENT COMMENTARY 05 KEY HIGHLIGHTS 06 QUARTERLY HIGHLIGHTS 07 – 10 OPERATIONAL HIGHLIGHTS 11 – 12 FINANCIAL HIGHLIGHTS 13 – 15 GROWTH STRATEGIES 16 - 19 SHAREHOLDING PATTERN 20 KEY INVESTMENT HIGHLIGHTS 21 THANK YOU 22 3
Slide 5: Company Snapshot
Company Snapshot ABOUT US ▪ BMW Industries Limited (BMWIL), incorporated in 1981, is one of the largest steel processing companies in India ▪ Engaged in the manufacture & processing of HRPO Coils, CR Coils, GP Coils, GC Sheets, MS & GI pipes, TMT rebars, etc. for marquee steel manufacturers ▪ Proces
Slide 6: Management Commentary
Management Commentary “We are happy to announce that our company's operating revenue grew by 6.4% year-over-year to ₹59,819 lakhs for FY24, while Q4’FY24 showed growth of 1.5% YoY and stood at ₹13,731 lakhs. We are also pleased to announce that the Board of Directors has recommended a final dividend
Slide 7: Key Highlights
Key Highlights ▪ Operating Income up 1.5% YoY at ₹13,731 Lacs ▪ Gross Profit up 33.9% YoY at ₹10,899 Lacs ▪ Operating EBITDA up 36.0% YoY at ₹ 3,900 Lacs and Margin stood at 28.4% ▪ PAT increased by 16.8% YoY to ₹ 1,903 Lacs ▪ Dividend Payout of ~15% for FY 24 ▪ ROE improved to 10.1% in Mar’24 from
Slide 8: Quarterly Highlights (1/4)
Quarterly Highlights (1/4) ₹ Lacs Operating Gross Operating PBDT PBT PAT Cash Income Profit EBITDA Profit1 Q4 FY24 13,731 10,899 3,900 3,511 2,484 1,903 2,931 Growth (YOY) 1.5% 33.9% 36.0% 34.2% (2.3%) 16.8% 71.9% Growth (QOQ) (4.6%) 11.0% (8.1%) 24.6% 59.8% 65.7% 21.5% Margin2 (%) 79.4% 28.40% 25.5
Slide 9: Quarterly Highlights (2/4)
Quarterly Highlights (2/4) ₹ Lacs Particulars 31-Mar-23 31-Dec-23 31-Mar-24 12.5% 11.5% 11.7% 9.5% 10.1% 9.4% Net Worth 60,373 64,862 66,247 Gross Debt 21,928 16,291 8,528 Lease Liabilities 1,831 1,915 2,033 Cash & Cash Equivalents 762 627 624 Mar'23 Dec'23 Mar'24 Net Debt 22,998 17,579 9,937 ROCE*
Slide 10: Quarterly Highlights (3/4)
Quarterly Highlights (3/4) ₹ Lacs Revenue Breakup Q4 FY24 Q4 FY23 YoY Change Q3 FY24 QoQ Change CRM Complex 7,913 8,137 (2.8%) 9,390 (15.7%) Rolling Mill (TMT Bars) 2,401 3,020 (20.5%) 2,064 16.3% Pipes and Tubes 1,389 830 67.4% 1,284 8.2% Logistics 1,484 1,090 36.2% 1,175 26.3% Others 544 447 21.9%
Slide 11: Quarterly Highlights (4/4)
Quarterly Highlights (4/4) CRM Complex Rolling Mill (TMT) Pipes and Tubes 2,09,110 ₹ 3,020 57,881 34,677 2,06,578 33,091 56,386 31,050 1,88,325 29,501 ₹ 9,390 ₹ 2,064 ₹ 2,400 52,718 53,352 ₹ 8,137 51,142 20,049 20,358 1,17,543 ₹ 7,913 ₹ 1,389 ₹ 1,284 1,02,047 48,295 ₹ 830 1,13,610 Q4 FY23 Q3 FY24 Q4
Slide 12: Operational Highlights
Operational Highlights #2 BMWIL BMW Industries Ltd.
Slide 13: Operational Update
Operational Update Installed Actual Annualized Particulars Utilization Capacity (MT) Production (MT) CRM Complex 10,14,000 8,24,132 81.3% Rolling Mill (TMT Bars) 3,00,000 1,79,139 59.7% Pipes & Tubes 4,14,000 1,13,849 27.5% Others 4,10,000 2,03,073 49.5% Revenue by Business Verticals Others 8% 13% L
Slide 14: Financial Highlights
Financial Highlights #2 BMWIL BMW Industries Ltd.
Slide 15: Quarterly Profit & Loss Summary
Quarterly Profit & Loss Summary ₹ Lacs Particulars Q4 FY24 Q4 FY23 YoY Change Q3 FY24 QoQ Change FY24 FY23 YoY Change Operating Income 13,731 13,524 1.5% 14,393 (4.6%) 59,819 56,234 6.4% Gross Profit 10,899 8,143 33.9% 9,818 11.0% 41,091 34,070 20.6% Gross Profit Margin (%) 79.4% 60.2% 1917 bps
Slide 16: Strong Cashflow
Strong Cashflow ▪ The company has strong and consistent operating cash flow. NCOA/Operating EBITDA is PAT & Dividend Payout at healthy levels 16.0% ▪ Due to strong Cashflow from Operations, Net Debt/Equity as well as Net 15.2% ₹ LACS 14.0% Debt/Operating EBITDA has been falling. Net Debt/Equity is a
Slide 17: Growth Strategies
Growth Strategies #2 BMWIL BMW Industries Ltd.
Slide 18: Stepping-up the existing capacity
Stepping – up the existing capacity Pipes & Tubes Capacity Expansion Plans Increased Pipes & Tubes Capacity/Production (MT) 10,02,000 ▪ Expansion of Pipes & Tubes Production Capacity at existing plants in Kolkata & Jamshedpur 6,69,500 5,34,000 ▪ Out of the proposed capacity of 5,34,000 MT by the end
Slide 19: Strong Revenue Visibility
Strong Revenue Visibility Agreement for conversion of GP/GC sheets through the CRM Complex has been extended up to Expected Revenue of Rs. 2,000 Cr. over 1 September 2024 and is currently undergoing negotiation for the long-term contract the contracted period of 5 years KEY ENTRY BARRIERS: Capital R
Slide 20: Building our own Brand
Building our own Brand ASSET LIGHT MODEL ▪ Efficiently outsourcing manufacturing facilities FOCUS ON POSITIVE CASHFLOW ▪ Conversion Agreement for own brand in place ESTABLISH BRAND VALUE ▪ Introduction of adjacent product categories DISTRIBUTION IN PLACE & GROWING ▪ Cautious spending on building a r
Slide 21: Shareholding Pattern
Shareholding Pattern As on March 2024 0.2% 11.1% Promoter & Promoter Group 14.7% Bodies Corporate Resident Individuals NRIs 74.0% 20
Slide 22: Key Investment Highlights
Key Investment Highlights Stable margins despite Established strong relationships volatile steel prices with key customers Efficient service environment Strong Cashflow built to serve its customers Strong Industry growth Proximity to major customers drivers and raw material suppliers 21
Slide 23: Thank You
Thank You For further details please contact: Chief Financial Officer Investor Relations Advisor Abhishek Agarwal Sanjeev Sancheti Email: abhishekagarwal@bmwil.co.in Email: ir@uirtus.in Phone No.: +91 8420555215 Website: www.uirtus.in 22