Action Construction Equipment Limited · NSE:ACE
Action Construction Equipment — Q2 FY2024 Earnings Presentation
19 slides from Action Construction Equipment's earnings presentation, Nov 9, 2023
Slide 1: Action Construction Equipment Limited
Action Construction Equipment Limited Corporate & Registered Office Dudhola Link Road, Dudhola, Distt. Palwal-121102, Haryana, India Date: November 09, 2023 To, The Manager Listing BSE Limited Scrip Code: 532762 5th Floor, P.J. Towers, Dalal Street, Mumbai-400001 The Manager Listing National Stock E
Slide 2: Earnings Presentation Q2 / H1-FY24
EARNINGS PRESENTATION Q2 / H1-FY24
Slide 3: At a Glance
At a Glance India’s most diversified CE Manufacturer Established Brand with over 28 years of Operating across Infra, Construction, Industry Presence Manufacturing, Logistics and Agri sectors World’s largest Pick & Carry Crane Manufacturer Customer Centric Organization with In-depth with Pan India an
Slide 4: Company Overview
Company Overview • ACTION CONSTRUCTION EQUIPMENT LIMITED was established in 1995 by Mr. Consolidated Financial Highlights (INR Mn) Vijay Agarwal, a technocrat, who has over 50 years of industry experience and is run by a team of experienced professionals. 22,008 15.03% 16,404 • ACE is an established
Slide 5: Product Portfolio
Product Portfolio Cranes Pick & Carry Crane Lorry Loaders Crane Self Erecting Tower Crane Crawler Crane Truck Crane Tower Crane Construction Equipment Backhoe Loader Wheel Loader Soil Compactor & Tandem Vibratory Roller Motor Grader Material Handling Equipment Forklift Trucks Warehousing Equipment P
Slide 6: Sectoral Growth Drivers
Sectoral Growth Drivers • The Centre has allocated INR 10,00,000 Crs capital investment, a steep increase of 33% for third year in a row, to enhance growth potential of the country. • Investment of INR 75,000 Crs, for one hundred critical transport infrastructure projects, for last and first mile La
Slide 7: Sectoral Growth Drivers
Sectoral Growth Drivers • In the 2023-24 Union Budget, Ministry of Agriculture and Farmers' Welfare has been allocated INR 1,25,000 Crs. The government has given a clear signal to rural India that it is committed to their cause. • Indian tractor market stands at ~9,45,000 units and the Indian agricu
Slide 8: Opportunities & New Products
Opportunities & New Products • ACE intends to increase the contribution of exports in total revenues to a significant share over the medium term • Tapping Opportunities in the Defence Sector • Increasing Utilisation Levels of Construction Equipment. • New Product Launches: • India’s First Fully Elec
Slide 9: Financial Overview Q2 / H1-FY24
FINANCIAL OVERVIEW Q2 / H1-FY24 8
Slide 10: Q2/H1-FY24 Financial & Operational Highlights
Q2/H1-FY24 Financial & Operational Highlights Q2-FY24 Financial Highlights (Consolidated) Q2-FY24 Operational Highlights INR 6,902 Mn INR 1,061 Mn 15.37% • The company achieved its highest ever Quarterly Revenues and Margins. Total Income* EBITDA EBITDA Margin • Strong growth momentum continued with
Slide 11: Segment wise – Quarterly Sales Volume
Segment wise – Quarterly Sales Volume Cranes Construction Equipment 1,959 315 1,856 263 1,435 146 Q2-FY23 Q1-FY24 Q2-FY24 Q2-FY23 Q1-FY24 Q2-FY24 Material Handling Equipment Agriculture Equipment 339 352 285 875 818 761 Q2-FY23 Q1-FY24 Q2-FY24 Q2-FY23 Q1-FY24 Q2-FY24 10
Slide 12: Quarterly Consolidated Financial Performance
Quarterly Consolidated Financial Performance Particulars (INR Mn) Q2-FY24 Q2-FY23 Y-o-Y Q1-FY24 Q-o-Q Total Income* 6,902 4,978 38.7% 6,679 3.3% Total Expenses 5,841 4,468 30.7% 5,701 2.5% EBITDA 1,061 510 NA 978 8.5% EBITDA Margins (%) 15.37% 10.25% 512 Bps 14.64% 73 Bps Depreciation 54 40 35.0% 52
Slide 13: YTD Consolidated Financial Performance
YTD Consolidated Financial Performance Particulars (INR Mn) H1-FY24 H1-FY23^ Y-o-Y Total Income* 13,581 10,198^ 33.2% Total Expenses 11,540 9,037 27.7% EBITDA 2,041 1,161 75.8% EBITDA Margin (%) 15.03% 11.38% 364 Bps Depreciation 106 86 23.3% Finance Cost 70 38 84.2% PBT 1,865 1,037 79.8% Tax 450 24
Slide 14: Historical Consolidated Financial Performance
Historical Consolidated Financial Performance Particulars (INR Mn) FY21 FY22 FY23 ^ H1-FY24 Total Income* 12,425 16,404 22,008 13,581 Total Expenses 11,083 14,782 19,387 11,540 EBITDA 1,342 1,622 2,621 2,041 EBITDA Margins (%) 10.80% 9.89% 11.91% 15.03% Depreciation 139 154 180 106 Finance Cost 122
Slide 15: Historical Consolidated Balance Sheet
Historical Consolidated Balance Sheet Equities & Liabilities (INR Mn) FY22 FY23 H1-FY24 Assets (INR Mn) FY22 FY23 H1-FY24 (A) Share Capital 238 238 238 (A) Property plant & Equipment 4,355 4,723 5,006 (B) Other Equity 7,303 8,948 10,207 (B) Capital Work in Progress 243 244 550 Non Controlling Intere
Slide 16: Key Consolidated Financial Highlights
Key Consolidated Financial Highlights Total Income* (INR Mn) EBITDA and EBITDA Margins (INR Mn) PAT and PAT Margins (INR Mn) 22,008 2,621 1,415 1,730 16,404 2,041 1,050 12,425 13,581 1,622 10.42% 1,342 798 15.03% 7.86% 6.42% 6.40% 11.91% 10.80% 9.89% FY21 FY22 FY23 H1-FY24 FY21 FY22 FY23^ H1-FY24 FY
Slide 17: Capital Market Data
Capital Market Data Stock Market Performance (as on 30th September,2023) 200% 180% 160% 140% 120% 100% 80% 60% 40% 20% 0% -20%Oct 22 Nov 22 Dec 22 Jan 23 Jan 23 Mar 23 Apr 23 May 23 May 23 Jun 23 Jul 23 Aug 23 Sep 23 ACE Sensex Price Data (As on 30th September, 2023) Shareholding Holding pattern (As
Slide 18: Disclaimer
Disclamer Action Construction Equipment Limited No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Such information and opinions are
Slide 19: Thank You
THANK YOU
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