Bmw Industries Ltd · BSE:BMW
Bmw Industries — Q2 FY24 Earnings Presentation
20 slides from Bmw Industries's earnings presentation, Nov 9, 2023
Slide 1: Cover letter to stock exchanges on Investors Presentation
Date: 09-11-2023 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 Limited Q2 FY24 Earnings Presentation
BMW Industries Limited Q2 FY24 Earnings Presentation Trust | Consistency | Stability
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 Particulars Page No. Company Snapshot 4 Management Commentary 5 Key Highlights 6 Quarterly Highlights 7–9 Operational Highlights 10 Quarterly Profit and Loss 11 Strong Cash Flows 12 Growth Strategies 13 – 16 Shareholding Pattern 17 Key Investment Highlights 18 Thank You 19 3
Slide 5: Company Snapshot
Company Snapshot Product Portfolio About BMWIL ▪ BMW Industry Limited (BMWIL), incorporated in 1981, is one of the largest steel processing company in India, having multi location manufacturing units in the Steel sector ▪ Engaged in the Manufacturing & Processing of HRPO Coils, CR Coils, GP Coils, G
Slide 6: Management Commentary
Management Commentary “ We are pleased to announce an all-round growth in the financial performance for the quarter gone by. Operating revenue grew by 6.5% YoY to ₹ 15,942 lacs in Q2 FY 24. Gross profit has risen to ₹ 10,125 lacs from ₹ 9,117 in the same quarter previous year. Gross Profit margin ha
Slide 7: Key Highlights
Key Highlights ▪ Operating Income up 6.5% YoY at ₹ 15,942 lacs ▪ Gross Profit up 11.1% YoY at ₹10,125 lacs and Margin stood at 63.5%. ▪ Operating EBITDA up 17.7% YoY at ₹ 3,895 lacs and Margin stood at 24.4% ▪ PAT grew by 43.6% YoY at ₹ 1,767 lacs, while PAT Margin stood at 11.0% ▪ ROE* improved to
Slide 8: Quarterly Highlights
Quarterly Highlights Rs in lacs Q2 FY 24 Operating Gross Operating PBT PAT Cash Income Profit EBITDA Profit1 15,942 10,125 3,895 2,459 1,767 2,868 Growth (YOY) 6.5% 11.1% 17.7% 58.2% 43.6% 14.5% Growth (QOQ) 1.2% (1.2%) 6.2% 15.2% 13.5% 9.7% Margin2 (%) 63.5% 24.4% 15.3% 11.0% Margin –YoY 259 bps 23
Slide 9: Quarterly Highlights (Cont.)
Quarterly Highlights (Cont.) Rs in lacs 13.0% Particulars 30-Sep-22 31-Mar-23 30-Jun-23 30-Sep-23 12.3% 11.5% 10.2% 10.7% 9.3% 9.4% Net Worth 57,537 60,373 61,978 63,705 7.4% Net Debt 24,758 22,998 22,072 18,103 Net Fixed Assets 46,181 47,667 47,793 51,454 Spet'22 Mar'23 June'23 Sept'23 ROCE* ROE* N
Slide 10: Quarterly Highlights (Cont.) - Revenue Breakup
Quarterly Highlights (Cont.) Rs in lacs Revenue Breakup Q2 FY 24 Q2 FY 23 YoY Change Q1 FY 24 QoQ Change CRM Complex 11,211 11,169 0.4% 10,396 7.8% Rolling Mill (TMT Bars) 1,690 1,590 6.3% 3,246 (47.9%) Pipes and Tubes 1,272 672 89.3% 983 29.4% Logistics 1,294 1,116 15.9% 740 74.8% Others 475 418 13
Slide 11: Operational Highlights
Operational Highlights Installed Actual Annualized Particulars Capacity Production1 Utilization CRM Complex 10,14,000 4,26,697 84.2% Rollin Mill (TMT Bars) 3,00,000 71,610 47.7% Pipes & Tubes 1,32,000 49,708 75.3% Others 4,10,000 92,955 45.3% Note: 1. Data for H1 FY 24 10
Slide 12: Quarterly Profit and Loss Summary
Quarterly Profit and Loss Summary Rs in lacs Particulars Q2 FY24 Q2 FY23 YoY Change Q1 FY24 QoQ Change H1 FY24 H1 FY23 YoY Change FY23 Operating Income 15,942 14,965 6.5% 15,752 1.2% 31,695 28,533 11.1% 56,234 Gross Profit 10,125 9,117 11.1% 10,248 (1.2%) 20,373 16,281 25.1% 34,070 Gross Profit
Slide 13: Strong Cashflow
Strong Cashflow 14,000 1.28 1.46 1.60 12,000 1.40 12,563 ▪ 12,183 The company has strong and consistent operating cash flow. 1.20 11,015 NCOA/Operating EBITDA is at healthy levels 10,000 0.97 1.00 8,000 ₹ LACS ▪ Due to strong cash flow from operations, net debt/equity as well as net 0.61 0.80 6,000
Slide 14: Growth Strategies
Growth Strategies 13
Slide 15: Step-up the existing capacity
Step-up the existing capacity Increased Pipes & Tubes Capacity/Production (in MT) Pipes & Tubes Capacity Expansion Plans • Expansion of the Pipes & Tubes production capacity is at the existing plants in 10,02,000 Kolkata and Jamshedpur. • Increased Capacity will operate at ~70-80% 6,69,500 5,34,000
Slide 16: Strong Revenue Visibility
Strong Revenue Visibility Agreement for conversion of GP/GC sheets through the CRM Complex, is coming up Expected Revenue of Rs. 2,000 crores over the 1 for renewal in April 2024 contracted period of 5 years Key Entry Barriers: Capital Requirements Geographical Advantage Relationship Competitive cos
Slide 17: Build Own Brand
Build Own Brand Distribution in Place Establish Brand Asset Light Model and Growing Value ▪ Creation of strong distribution ▪ Introduction of adjacent network ▪ Efficiently outsourcing product categories manufacturing facilities ▪ Focused penetration in under- ▪ BMWIL cautiously spending on serviced
Slide 18: Shareholding Pattern
Shareholding Pattern 3.07% 0.04% 22.89% Promoter & Promoter Group Bodies Corporate Resident Individuals NRIs 74.00% As on 30th September’23 17
Slide 19: Key Investment Highlights
Key Investment Highlights Stable margins Established strong despite volatile relationship with steel prices key customers Built an efficient Strong Financial service & Cashflow environment to serve its customers Proximity to major Strong Industry customers and raw growth drivers material supplier 18
Slide 20: 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: ss@uirtus.in Phone No.: +91 8420555215 Website: www.uirtus.in Phone No.: +91 9836244222 19