Steelcast Ltd. · NSE:STEELCAS
Steelcast — Q4 FY24 Earnings Presentation
34 slides from Steelcast's earnings presentation, May 30, 2024
Slide 1: Covering letter to stock exchanges
AC/2079 30.05.2024 The Secretary, National Stock Exchange of India Limited, BSE Limited, Exchange Plaza, 5th Floor, Phiroze Jeejeebhoy Towers, Plot No.C/1, G Block, Dalal Street, Bandra-Kurla Complex, MUMBAI - 400 001 Bandra (E), Mumbai - 400 051 Scrip Code: 513517 Scrip Symbol: STEELCAS Dear Sir/Ma
Slide 2: Steelcast Limited Investor Presentation Q4FY24
STEELCAST LIMITED Investor Presentation | Q4FY24
Slide 3: Safe Harbor
Safe Harbor This presentation has been prepared by and is the sole responsibility of Steelcast Limited (the “Company”). By accessing this presentation, you are agreeing to be bound by the trailing restrictions. This presentation does not constitute or form part of any offer or invitation or induceme
Slide 4: Company Overview
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Slide 5: Over 7 decades of legacy
Over 7 decades of legacy Premier Position Diverse Industrial Sectors Company enjoys a Premier Position in Catering to diverse Industrial sectors like the steel Casting Industry in India Earth Moving, Mining & Mineral Processing, Locomotives, Rail Road, construction One of the few companies in India
Slide 6: Steelcast at a Glance
Steelcast at a Glance Manufacturing Capacity Varied Products Manufacturing Process Machining Excellence Experience Weights 30,000 TPA Sand & Shell 70% Castings 63 Years 5 Kgs-2,500 Kgs Casting shipped as fully machined Advanced Manufacturing Facility Competes with Global Sectors Catering Renewable P
Slide 7: We're growing steadily…
We’re growing steadily… Installing and commissioning of State of Art Automated No-Bake Commissioning of State of Art in- Flaskless Moulding Line. Accreditation of Laboratory by house CNC Machine Shop & Class A Foundry Certification National Accreditation Board for Setting up of Shell Moulding Expans
Slide 8: …With a focused approach: Vision and Mission
…With a focused approach Vision Mission Vision To be a reputed global provider of reliable, ready to use high integrity Mission To continuously interact with customers to understand their needs castings, especially structural steel castings To offer best-in-class customer service and provide them va
Slide 9: Locational Advantage
Locational Advantage Situated in Bhavnagar, Gujarat, which Company’s own 66KV power transmission is a power surplus state station with 10 MW power available 24*7 01 02 Scrap - the major raw material is available with Well connected with major cities of high degree of purity and at competitive price
Slide 10: Preferred choice of Customers – Steelcast
Preferred choice of Customers – Steelcast Quality Products Manufacturing facilities • Delivered at competitive approved by Quality Assurance Adequate Capacity price & right time organisations & clients Reliable Alternate Responsible and Transparent dealing source Competent Team Investor Presentation
Slide 11: Strong presence amongst peers
Strong presence amongst peers Recognized player in steel Experienced Management State of the art manufacturing Significant product castings business Team & Board of Directors and R & D facilities development capacity i. Leadership position in i. Strong Management and i. Three manufacturing plants i.
Slide 12: Diversified Business Model catering to Varied OEMs
Diversified Business Model catering to Varied OEMs in Different Industries… Existing Segments Earth Moving Industry Mining Mineral Processing Industry Electro Locomotive Steel Plants Cement Construction Investor Presentation | Q4FY24 11
Slide 13: Expanding our footprint to new segments
Expanding our footprint to new segments Foray into New Segments Railways Ground Engaging Tools (GETs) Defence Investor Presentation | Q4FY24 12
Slide 14: Presence across the Globe
Presence across the Globe Denmark “Two-Star Export House Canada Germany Poland South Korea Status holder” Slovakia USA Japan China India We have presence in 15 Headquartered Thailand Mexico countries and we expect to Singapore increase the same in 18+ countries Brazil in the next 1 to 2 years Austra
Slide 15: Key Strengths
Key Strengths Well Experienced Team Unique Business Model Experienced Board back by a Diversified Business Model, strong management team catering to varied sectors Green Energy Technology and R&D 5 MW Solar Power Plant & Strong R&D and Technological Capabilities. These also 4.5 MW Hybrid Power Plant
Slide 16: Certifications & Recognitions
Certifications & Recognitions An ISO: 9001-2015 An ISO:45001-2018 An ISO:14001-2015 An EN:9100:2018 D An NABL (National Certified by Transportation Company certified by TUV Company certified by TUV Company certified by TUV company certified by TUV Accreditation Board for & Power Generation NORD, Ger
Slide 17: Financial & Operating Highlights Q4 FY24 & FY24
Financial & Operating Highlights Q4 FY24 & FY24
Slide 18: Q4 & FY24 Performance Highlights
Q4 & FY24 Performance Highlights Highlights Revenue dropped year-on-year due to subdued economic activity in Western countries and the resulting inventory build-up of OEMs. We expect demand to revive starting from the second half of FY25. Q4FY24 Revenue EBITDA PAT 98.4 Crs 28.8 Crs 18.7 Crs EBITDA a
Slide 19: Q4 FY24 Consolidated Key Highlights
Q4 FY24 Consolidated Key Highlights Revenue (Rs. in Crs) EBIDTA (Rs. in Crs) PAT (Rs. in Crs) -18.2% -6.9% +7.4% -4.3% +5.4% 120.3 31.0 19.5 28.8 28.8 18.7 18.7 +9.0% 27.3 17.4 98.4 98.4 90.3 Q4FY24 Q3FY24 Q4FY24 Q4FY23 Q4FY24 Q3FY24 Q4FY24 Q4FY23 Q4FY24 Q3FY24 Q4FY24 Q4FY23 Q-o-Q Y-o-Y Q-o-Q Y-o-Y
Slide 20: FY24 Consolidated Key Highlights
FY24 Consolidated Key Highlights Revenue (Rs. in Crs) EBIDTA (Rs. in Crs) PAT (Rs. in Crs) 2.8% 6.3% -14.1% 476.8 117.2 75.0 114.0 70.5 409.8 FY24 FY23 FY24 FY23 FY24 FY23 Y-o-Y Y-o-Y Y-o-Y Investor Presentation | Q4FY24 19
Slide 21: Geographical Revenue growth (Quarterly)
Geographical Revenue growth Exports (Rs. in Crs) Domestic (Rs. in Crs) -24.7% -10.6% 64.7 +37.2% 55.6 -10.0% 49.7 49.7 54.1 48.7 48.7 36.3 Q4FY24 Q3FY24 Q4FY24 Q4FY23 Q4FY24 Q3FY24 Q4FY24 Q4FY23 Q-o-Q Y-o-Y Q-o-Q Y-o-Y Investor Presentation | Q4FY24 20
Slide 22: Geographical Revenue growth (Annual)
Geographical Revenue growth Exports (Rs. in Crs) Domestic (Rs. in Crs) -19.1% -6.0% 292.3 184.5 173.4 236.5 FY24 FY23 FY24 FY23 Investor Presentation | Q4FY24 21
Slide 23: Revenue Breakup (FY24)
Revenue Breakup (FY24) Segment-wise Revenue (%) Geography-wise Revenue (%) 42.3% Total Revenue Rs 409.8 Cr 57.7% 100.0% OEM Sales Domestic Exports Investor Presentation | Q4FY24 22
Slide 24: Quarterly Profit & Loss Statement
Quarterly Profit & Loss Statement Particulars (Rs.Crs ) Q4 FY24 Q4 FY23 Y-o-Y Q3 FY24 Q-o-Q FY24 FY23 Y-o-Y Revenue from Operations 98.4 120.3 -18.2% 90.3 9.0% 409.8 476.8 -14.1% Cost of Materials consumed 18.6 29.4 18.9 86.3 121.4 Changes in Inventories of finished goods & work in progress 1.7 0.5
Slide 25: Balance Sheet
Balance Sheet Assets (Rs.Crs ) Mar-24 Mar-23 Liabilities (Rs.Crs ) Mar-24 Mar-23 Equity Non – Current Assets Equity Share Capital 10.1 10.1 Property, plant and equipment 138.0 141.5 Other Equity 259.5 205.1 Capital work-in-progress 0.1 0.1 Total Equity 269.6 215.2 Intangible Assets 0.2 0.4 Liabiliti
Slide 26: Cash Flow Statement
Cash Flow Statement Cash Flow Statement (Rs. Crs ) Mar-24 Mar-23 Profit before Tax 100.9 94.5 Adjustment for Non-Operating Items 16.2 19.4 Operating Profit before Working Capital Changes 117.1 114.0 Changes in Working Capital -23.8 17.0 Cash Generated from Operations 93.3 131.0 Less: Direct Taxes pa
Slide 27: Q4 FY24 Result analysis
Q4 FY24 Result analysis 30% % of Revenue Q4FY24 Q3FY24 Q4FY23 25.5 25.9 25% 24.4 21.8 21.0 20% 18.9 19.0 19.3 16.2 15.3 15% 14.3 13.2 12.6 10.9 11.4 11.3 10.6 10.1 9.7 10% 8.2 8.5 5% 3.8 3.9 2.7 0.2 0.1 0.6 0% Materials Employee Cost Finance Cost Mfg Expense Power & Fuel Stores & Spares Other Exp PB
Slide 28: Balance Sheet Ratios
Balance Sheet Ratios Long term Debt (Rs. Crs.) Short term Debt (Rs. Crs) Debt to Equity (x) Repaid Short 63.0 term debt and The company has been 13 the Company is 0.40 long term debt-free for totally debt free the past three years 9 0.25 23.6 0.18 14.0 17.0 0.10 0.00 Mar-24 Mar-23 Mar-22 Mar-21 Mar-
Slide 29: Outlook & Rationalization Measures
Outlook & Rationalization Measures
Slide 30: Building Excellence: Key Pillars of Steelcast's Enduring Success
Building Excellence: Key Pillars of Steelcast's Enduring Success Seasoned and Reliable quality supplier China + 1 scenario experienced with long association with helping steelcast to be a management team and marquee customers preferred supplier skilled work force Six decades robust Balanced portfoli
Slide 31: Strategy to Explore Potential Growth Opportunities
Strategy to Explore Potential Growth Opportunities Strengthening business Entry in New Adding new Enhancing component Provides ready to relationship with the Geographies sectors basket through new use/machined parts existing customers product development Short Term Long Term • Recovery from current
Slide 32: Rationalization Measures
Rationalization Measures 01 02 03 04 05 Company has set up Hybrid power plant Both these plants will Reduction in As a result of our 5 MW Solar Power has also been meet around 80% of the throughput time for continuous efforts to Plant in Bhavnagar, commissioned in total power requirement processing
Slide 33: Five-Year CAGR Snapshot: Unveiling Business Growth Trends
Five-Year CAGR Snapshot: Unveiling Business Growth Trends Revenue from Operations EBITDA +19.6% 477 +33.1% 114 117 410 302 64 201 158 37 31 2020 2021 2022 2023 2024 2020 2021 2022 2023 2024 EBIT PAT 97 101 75 +46.7% +75.0% 71 46 33 22 19 8 12 2020 2021 2022 2023 2024 2020 2021 2022 2023 2024 Investo
Slide 34: THANK YOU
Company: CIN: L27310GJ1972PLC002033 Name: Mr. Subhash Sharma, ED & CFO Email ID: ss@steelcast.net THANK YOU Investor Relations Advisors: Mr. Ronak Jain Mr. Rajesh Agrawal +91 9820950544 +91 9967491495 ronak.jain@linkintime.co.in rajesh.agrawal@linkintime.co.in