Slide 1: Exchange filing cover letter
Date: 30th April 2025 The Manager The Manager National Stock Exchange of India Limited BSE Limited Exchange Plaza, 5th Floor, Phiroze Jeejeebhoy Towers, Dalal Street Plot No. C-1, Block-G Mumbai- 400 001 Bandra Kurla Complex, Bandra (E) Scrip Code- 538562 Mumbai- 400 051 Symbol- SKIPPER Subject: Inv
Slide 2: Seizing the Multi Decadal Opportunity – Investor Presentation April 2025
SEIZING THE MULTI DECADAL OPPORTUNITY Positioned to Power Growth in the Global Transmission sector INVESTOR PRESENTATION April 2025
Slide 3: Table of Contents
Table of Contents 1. Q4 & 12M FY ’25 Performance Highlights 2. Growth Strategies 3. Company overview ` 4. Key Strengths 5. Industry Overview 6. Financial Trends 7. ESG, Awards & Recognition
Slide 4: Performance & Financial Highlights – Q4 & 12M'25
Performance & Financial Highlights – Q4 & 12M’25
Slide 5: FY'25 – The year of Many Firsts
Product FY’25 – The Portfolio year of Many Firsts Engineering Infrastructure Polymer Power Registered its highest ever Annual Recorded its highest-ever Profit Achieved highest ever annual order The year end closing order book ( 31st Transmission Railway Transmission UPVC revenue of Rs 46,245 MnTower
Slide 6: Director Speaks
Director Speaks “I am pleased to report that our company has continued its strong performance trajectory, delivering record-breaking results and reinforcing our position as a leading force in the power infrastructure space. During the fourth quarter, we recorded our highest-ever revenue of ₹12,878 m
Slide 7: Business Update – Q4 FY'25
Business Update– Q4 FY’25 Revenue Performance Highlights Company registered its highest-ever quarterly revenue of Rs 12,878 million on back of strong execution in Engineering & Polymer business segments, achieved growth of 11.6 % over previous year quarter The engineering business achieved its highe
Slide 8: Business Update – 12M FY'25
Business Update– 12M FY’25 Revenue Performance Highlights Achieved its best ever annual revenue performance; Revenue increased to Rs 46,245 million against Rs 32,820 million, registering a stupendous growth of 41 % Engineering business segment achieved its best ever annual Revenue performance of Rs
Slide 9: Other Major Update
Other Major Update Capacity Expansion Plan The capex plan for capacity addition is on schedule, with trial production currently underway. We expect 75,000 MT of additional engineering capacities to be fully available from the end of May’25 onwards. Major USA order Secured Achieved a landmark break t
Slide 10: Consolidated Financial Performance Q4 FY'25
Consolidated Financial Performance Q4 FY’25 Rs in Mn YoY QoQ Sl Profit & Loss Summary Q4 FY’25 Q4 FY’24 Change % Q3 FY’25 Change % 1 Revenues 12,877.52 11,535.08 11.6% 11,352.47 13.4 % 2 Reported EBITDA 1,236.51 1,085.37 13.9% 1,109.07 11.5 % EBITDA Margins (%) 9.60% 9.41% +19 Bps 9.77% -17 Bps 3 (+
Slide 11: Consolidated Financial Performance 12M FY'25
Consolidated Financial Performance 12M FY’25 Rs in Mn YoY Sl Profit & Loss Summary 12M FY’25 12M FY’24 Change % 1 Revenues 46,244.80 32,820.43 40.9% 2 Reported EBITDA 4,516.58 3,194.34 41.4% EBITDA Margins (%) 9.77% 9.73% +4 Bps 3 (+) Other Income 195.19 85.95 4 (-) Depreciation 632.96 525.30 5 (-)
Slide 12: Segment Report
Segment Report Segment Profit & Loşs Summary Q4 FY'25 Q4 FY'24 12M FY25 12M FY'24 Net Sales 9,375.6 7,009.7 35,184.9 22,310.4 Engg Products EBITDA 1,062.0 810.3 3,929.8 2,595.4 Polymer % of Sales 11.3% 11.6% 11.2% 11.6% 9.34% Net şales 1,388.4 1,035.0 4,317.4 4,526.4 Infra 14.58% PVC Products EBITDA
Slide 13: Key Performance highlights
Key Performance highlights Rs in Million Consolidated - Revenue EBITDA & Margin PAT & Margin Rs in Mn + 12 % + 14 44 % + 90 % 1,237 479 12,878 1,109 11,535 11,352 1,085 361 252 3.7% 9.8% 3.2% 9.6% 9.4% 2.2% Q4 FY'24 Q3 FY '25 Q4 FY '25 Q4 FY'24 Q3 Fy'25 Q4 FY '25 Q4 FY'24 Q3 Fy'25 Q4 FY '25 12M’25 V
Slide 14: Efficient Debt Management
Efficient Debt Management Debt Details 31.03.2025 31.03.2024 Inc / (Dec) Long Term Debt 2,317 3,008 (691) Current Maturities of Long Term Debt 754 541 213 Total Long Term Debt 3,071 3,549 (478) Short Term Debt 3,944 2,224 1,720 Gross Debt Level 7,015 5,773 1,242 Net Debt Level ( Adj of Cash & Bank)
Slide 15: Performance & Leverage Ratios
Performance & Leverage Ratios Particulars 31.03.25 31.03.24 Working Capital Ratios (+) Inventory Days 95 135 (+) Debtor Days 62 89 (-) Trade Payable Days (Excluding acceptances) 62 60 Net Working Capital Days (Excl. Bills Payable) 95 164 Leverage Ratios Debt Equity (X) 0.59 0.64 Debt to EBITDA (X) 1
Slide 16: Cash Flow & Utilization 12M FY'25
Cash Flow & Utilization 12 M FY’25 Cash Flow from Cash used in Operations Capex Investments Rs 4,722 million Rs 2,379 million Total Inflows Rs 7,718 Million Increase in Cash used in Interest, Total Outflow Borrowings & Tax and Dividend Rs 7,679 Million Lease Liabilities Rs 2,490 million Rs 1,144 mil
Slide 17: Order Book Highlights
Order Book Highlights Geographical Breakup ₹ 74,584 Mn ₹ 53,353 Mn Highest ever closing Highest ever Order ₹ 15,920 Mn Orderbook as of March New Orders in Q4 FY25 Inflows in 12MFY25 2025 Export Domestic 11.68% 88.32% ✓ ✓ ✓ Domestic contracts International Share of non-T&D from PGCIL and contracts ac
Slide 18: Order Inflow Trend
Order Inflow Trend 12M FY25 Total Inflow – Rs 53,353 mn 12M FY25 Total Export Inflow – Rs 7,924 Mn Achieved highest ever order 28,639 inflow for any quarter FY’25 - Secured highest ever annual order inflow of Rs 53,353 mn Rs mn 16,599 15,920 15,286 13,182 12,148 11,405 7,652 4,534 5,010 4,605 4,225
Slide 19: Growth Strategies
Growth Strategies
Slide 20: Inflection Point with Growth Ahead
Inflection Point with Growth Ahead Well-positioned to capture long-term industry tailwinds and to be a proxy play on China +1 theme for export markets Focus on strengthening EHV Market share through capacity expansion and focus on R&D initiatives Skipper is well positioned to seize the multi - decad
Slide 21: Company Overview
Company Overview
Slide 22: Skipper at a Glance
Skipper at a Glance Multi-sectoral expertise 43+ India’s largest Amongst top 10 globally FY24 Revenue Mix manufacturer of in manufacturing of T&D 9.3% Engineering integrated T&D structures structures Infrastructure 14.6% 76.1% Years of Operations (based on FY24 capacity) (based on FY24 capacity) Pol
Slide 23: Our Journey – a legacy of 4+ decades
Our Journey – a legacy of 4+ decades - Commissioned one of India’s largest Tower & Monopole Load Testing Station - Set up DSIR approved R&D Centre 2020 2024 - Commissioned our first Transmission line EPC - Secured 9 projects from project 400 KV Panchkula Patiala for PGCIL PGCIL, including 8 key - Di
Slide 24: Key Management
Key Management Whole Time Directors Sajan Kumar Bansal Sharan Bansal Devesh Bansal Siddharth Bansal Yash Pall Jain Chairman and Managing Director Director Director Director Director Independent Directors Mr. Ashok Bhandari Mrs. Richa M Goyal Mr. Raj Kumar Patodi Mr. Pramod Shah Mr. Desh Raj Dogra In
Slide 25: Key Strengths
Key Strengths
Slide 26: Investment Highlights
Investment Highlights • India’s largest (top 10 globally) integrated T&D tower structures manufacturer • Experienced Promoter with 4 decades of expertise in the manufacturing business Market Leadership • One of the largest manufacturers of T&D structures with tower testing facilities to serve their
Slide 27: Diverse Product Portfolio (1/2)
Diverse Product Portfolio (1/2) We manufacture a range of Power Transmission structures, Telecom Towers, and Railway Electrification Infrastructure Engineering Infrastructure Power Transmission Railway Structures Power Distribution MS & High Tensile Tower & Substation EPC Telecom EPC Tower Poles Ang
Slide 28: Diverse Product Portfolio (2/2)
Diverse Product Portfolio (2/2) Leading manufacturer of Polymer pipes and fittings, catering to both plumbing and agricultural sectors with expanding reach and strengthening market share. Polymer ✓ One of the largest manufacturer of ✓ Leveraging Economies of Scale in polymer pipes and fittings produ
Slide 29: Core Competencies in Manufacturing
Core Competencies in Manufacturing Integrate manufacturing facilities with advanced technology ✓ ✓ In-House Availability of Automated State-of-the-Art Products, Accessories, and Equipment Technical Services ✓ Value Optimization through ✓ Engineering and Design Single location plant leading Excellenc
Slide 30: Manufacturing Value Chain
Manufacturing Value Chain Our Value Chain Scale & Size Steel Billets & blooms as Wire Rod as Input input Strategic location Manufacture MS & HT Manufacture Bolts & Manufacture D-shackles & Angles Nuts Hangars Backward integration Competitive Advantage Fabricate & Galvanize Complete EPC Line Construc
Slide 31: Powering growth through R&D
Powering growth through R&D Leading through innovation • We have strengthened our innovation capabilities backed by our Tested towers & monopoles talented designing and R&D teams. • In-house research & development Centre - Howrah, West Bengal 765 kV D/C 500 kV D/C 220 kV Tower Tower D/C Tower • DSIR
Slide 32: Strong Global presence
Strong Global presence Exporting to 17 % 50+ countries FY25 Export contribution to Overall Revenue 24.5% 8,708 mn FY22-FY25 Export Revenue Share of Exports in 12M Africa South America Middle East South and SE Asia CAGR FY25 Orderbook (Rs mn) 18 9 7 9 North America Oceania Europe 3 2 6 We are focused
Slide 33: Industry Overview
Industry Overview
Slide 34: Power T&D Lines a Multi Decadal Opportunity
Power T&D Lines a Multi Decadal Opportunity Addition of 7.4 mn of transmission lines Global grid investment to nearly double in Asia pacific and North America continue to hold globally till CY50 next 5 years lion’s share with 70% of total investments Region wise split of CY24-29 investment (USD 3,05
Slide 35: Power T&D super-cycle underway in India
Power T&D super-cycle underway in India ➢ The GOI (combined NEP + State) to add 1.15 lakh ckm of lines in the period FY22-27 and 0.77 lakh ckm of Rs 9.2 tn lines during FY27-32 NEP Capex outlay during ➢ Additionally, 33 GW of HVDC Bipole links are in the process of planning FY22–32 on High Voltage ➢
Slide 36: Importance of New Transmission lines for Renewables
Importance of New Transmission lines for Renewables New transmission lines are a crucial part of our renewable energy future – They ensure reliable, efficient and widespread renewable power supply Resource Location Energy Reliability Grid Integration Capacity Expansion ✓ Many renewable sources are i
Slide 37: Strong tailwinds in Telecom and Railway sector
Strong tailwinds in Telecom and Railway sector Telecom sector in India - 2nd largest Telecom market in the world Growth Drivers for Telecom sector ➢ 2nd largest Telecom market in the world with a subscriber base of ~1.18 bn ➢ Internet penetration up 75% as of CY24 (CY20 -54%) , to reach 86% by CY28
Slide 38: Polymer sector outlook
Polymer sector outlook In India’ CPVC pipes market grow > 2x by CY29rivers Key Growth Drivers Drivers ✓ Government Infrastructure Initiatives 799 • Jal Jeevan Mission to provide tap water connections to all rural households by 2024 251 • AMRUT for sustainable urban development 480 • Housing for All
Slide 39: Financial Highlights
Financial Highlights mv
Slide 40: Key Performance highlights
Key Performance highlights Rs in mn Revenue EBITDA & Margin PAT & Margin Rs in Mn CAGR CAGR CAGR 81.11% 39.10% 39.40% 2.49% 3.23% 9.72% 9.73% 9.77% 1.80% 46,244.80 1,493.46 9.83% 1.47% 4,516.58 32,820.43 3,194.34 816.65 17,070.80 19,803.00 1,678.30 1,925.48 355.66 251.47 FY22 FY23 FY24 FY25 FY22 FY2
Slide 41: Consolidated Profit & Loss
Consolidated Profit & Loss Rs in mn Sl Particulars FY22 FY23 FY24 FY25 1 Revenues 17,070.80 19,803.00 32,820.43 46,244.80 2 Reported EBITDA 1,678.30 1,925.48 3,194.34 4,516.58 EBITDA Margins (%) 9.83% 9.72% 9.73% 9.77% 3 (+) Other Income 40.12 53.17 85.95 195.19 4 (-) Depreciation 484.92 467.80 525.
Slide 42: Segment Report
Segment Report Rs in mn Segment Profit & Loss Summary FY22 FY23 FY24 FY25 Net Sales 13,218.48 15,238.54 22,310.42 35,184.94 Engineering Products EBITDA 1,607.92 1,718.34 2,595.44 3,929.81 EBITDA margin (%) 12.16% 11.28% 11.63% 11.17% Net şales 3,200.21 4,059.49 4,526.38 4,317.41 Polymer Products EBI
Slide 43: Consolidated Balance Sheet
Consolidated Balance Sheet Rs in mn Assets FY22 FY23 FY24 FY25 Equity and Liabilities FY22 FY23 FY24 FY25 Non-Current Assets Equity Equity Share Capital 102.67 102.67 105.24 112.85 Fixed Assets (Incl. CWIP) 6,709.31 7,041.05 7,653.99 10,343.62 Other Equity 7,218.64 7,571.46 8,870.96 11,818.18 Other
Slide 44: Shareholding Pattern
Shareholding Pattern Shareholding pattern As on 31st March 25 Major Shareholders List Name % Foreign Chartered Finance & Leasing 1.76% Portfliio Investors Ocean Dial Asset Management India (ICGF) 1.72% Promoters 5.13% 66.48% Ajay Upadhyaya 1.60% The Prudential Assurance Company Ltd 1.21% William Bla
Slide 45: ESG, Awards & Recognition
ESG, Awards & Recognition iG oe
Slide 46: Environmental, Social and Governance (ESG)
Environmental, Social and Governance (ESG) ➢ Obtained certificate of LCA and EPD for our Towers and Pole products. This is required for export of products to Europe as well as USA. ➢ Installed 90 KLD capacity STP to promote water conservation and explore opportunities for reusing of treated sewage w
Slide 47: Social and Environment Initiatives (1/2)
Social and Environment Initiatives (1/2) Skipper cares Our company's journey towards contributing to society began long ago, and we have always believed that it's an integral part of our ecosystem. To ensure that our efforts are focused and effective, we have developed a CSR Framework in line with S
Slide 48: Social and Environment Initiatives (2/2)
Social and Environment Initiatives (2/2) Investor Presentation | April 2025 47
Slide 49: Skipper Pipes – 100% Lead Free Campaign
Skipper Pipes – 100% Lead Free Campaign • Awarded the Green Pro Certification by CII-IGBC (Indian Green Building Council). Skipper Pipes have been certified with highest standard of NSF 14. Investor Presentation | April 2025 48
Slide 50: Recognition
Recognition Recognized Great place to work 3 years consecutively AWARD: THE LARGEST TOWER SUPPLIER AWARD: AWARD: AWARD: FOR 3rd CONSECUTIVE YEAR EMERGING POWER EPC GLOBAL HR EXCELLENCE NO. 1 EMERGING BRAND GIVEN BY: PLAYER GIVEN BY: EPC GIVEN BY: IN POLYMER PIPES & POWER GRID CORPORATION WORLD WORLD
Slide 51: Disclaimer
DISCLAIMER This presentation (“Presentation”) does not constitute a prospectus, a statement in lieu of a prospectus, an offering circular, an advertisement, an offer document or an offering memorandum, under the Companies Act, 2013, the Securities and Exchange Board of India (Issue of Capital and Di