Slide 1: Jash Engineering Ltd. Investor Presentation Q2FY23
When every drop counts… JASH ENGINEERING LTD. Contributing to a sustainable environment worldwide… Investor Presentation Q2FY23, November 2022 Mahr 11 Maschinenbau Mahr Maschinenbau
Slide 2: Disclaimer
DISCLAIMER This presentation and the accompanying slides (the “Presentation”), which have been prepared by Jash Engineering Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any secur
Slide 3: What's Inside
WHAT’S INSIDE Company Overview Products Overview Financial Performance Business Outlook 33 Mahr Maschinenbau
Slide 4: Company Overview
COMPANY OVERVIEW Head Office at Unit 1 in Indore 4
Slide 5: Jash at-a-glance
JASH AT-A-GLANCE Incorporation 1973 of Company Jash Engineering Ltd. › An ISO-9001:2015 / ISO-14001:2015 / 45+ Exports OHSAS ISO 45000:2018 certified company Countries Global 5 Manufacturing Units dedicated to offering varied products for use in Water and Wastewater Pumping Stations and Treatment Pl
Slide 6: Evolution of the Company
EVOLUTION OF THE COMPANY 2019 Established plant of 50,000 Sqft at SEZ for Fabricated 1996 2009 products. Acquisition of Sureseal to Technical Collaboration with Biggest Water Control add Water Hammer 2012 Invent, Germany for gates company of India & control valve range Established new plant Disc Fil
Slide 7: Evolution Through Acquisition
EVOLUTION THROUGH ACQUISITION Rodney Hunt Inc., USA To add world renowned brand and get (FY-22 revenue ₹ 132.5 Cr.) access into north American market of water (Acquired at US$ 4 million) 2016 control gates. To get access to top representatives in states so that they can Mahr Maschinenbau GmbH, AUSTR
Slide 8: State of Art Facilities & Turnover Capability
STATE OF ART FACILITIES & TURNOVER CAPABILITY Total Turnover Potential from existing facility UNIT-1 CAST PRODUCTS PLANT ₹ 500+ Cr UNIT-2 FABRICATED PRODUCTS PLANT BUILT UP AREA: 125,000 Sq. ft. BUILT UP AREA: 155,000 Sq. ft. Turnover Capability : ₹ 75 Crore Turnover Capability : ₹ 175* Crore UNIT-3
Slide 9: Plant Capabilities
PLANT CAPABILITIES Positive Material Physical & Chemical Casting weighing up Machine job with Water jet Cutting of Bend & shear Fabricating capacity Identification testing of material to 20,000 kgs. maximum size of upto stainless stainless steel up to for jobs up to 50 10,000 x 4000 x steel plates u
Slide 10: Products Overview
PRODUCTS Jash Fabricated Products Plant Unit-2 OVERVIEW 10
Slide 11: Product at a Glance
PRODUCT AT A GLANCE .Water Control Gates Penstocks / Sluice Gates Open Channel Gates Downward Opening Weir Gates Flap Gates Stop Logs . Heavy Fabricated Gates Bulk Head Slide Butterfly Gates Radial / Tainter Gates Roller Gates Crest Gates Bonneted Gates Gates 11 11 Mahr Maschinenbau
Slide 12: Product at a Glance
PRODUCT AT A GLANCE . Coarse Screening Equipment Trash Rack Jash MMR Screen “JMR” Multi-rake Screen Jash Back Rake Screen Suspended Trash Rack Fine Screening Equipment . Rotoclean Rotary Rotobrush Rotary Screenmat Step Screen Drum Screen Screen Mahr Perscalator Screen Travelling Band Screen 12 12 Ma
Slide 13: Product at a Glance
PRODUCT AT A GLANCE Screening . Conveying Equipment Belt Conveyor Screw Conveyor Screw Conveyor Jet Breaker Washer Compactor with wash compactor 13 13 13 13 Mahr Maschinenbau
Slide 14: Product at a Glance
PRODUCT AT A GLANCE . Knife Gate Valves . Special Purpose Valves “ZFI” Series “MONO” Series Zero Velocity Valve Air Cushion Valve Energy Dissipating Valve Knife Gate Valve Knife Gate Valve . Bulk Solid Handling Valve Slide Gate Valve – Swing Gate Valve – Double Flap Valve – Fabricated Slide Slide Ga
Slide 15: Product at a Glance
PRODUCT AT A GLANCE . Process Equipment Detritor Slow speed Clarifier Clarifloculator Slow speed floating aerator fixed aerator . Hydro Power Equipment . Screw Pumps . Filtering Equipment Hydropower Screw Generator Archimedean Screw Pump iFILT® Diamond Disc Filter 15 15 Mahr Maschinenbau
Slide 16: Application of Products
APPLICATION OF PRODUCTS Water intake systems Storm water pumping stations Water & waste water treatment plants Steelsystems Irrigation plant Power plants Paper & pulp plants Petrochemical plants Steel plants 16 16 Mahr Maschinenbau
Slide 17: Product Offerings with Revenue Contribution (H1FY23)
PRODUCT OFFERINGS WITH REVENUE CONTRIBUTION (H1FY23) Water Control Gates Screening Equipment 42% 34% FY22 - 50% FY22 - 25% Hydropower & Pumping , Valves Process Equipment and others 10% 13% FY22 - 14% FY22 - 11% 17 17 Mahr Maschinenbau
Slide 18: Making the World Our Market
MAKING THE WORLD OUR MARKET From predominant sales in single geography of India in early nineties, the company is today present in multiple (over 45 countries) regions with each region having significant contribution in turnover. EUROPE Sweden MIDDLE Norway EAST & AFRICA Canada United Kingdom H1 FY2
Slide 19: Clients & Consultants - India
CLIENTS & CONSULTANTS - INDIA KEY CONSULTANT CONTRACTORS KHILARI 19 19 Mahr Maschinenbau
Slide 20: Clients & Consultants - International
CLIENTS & CONSULTANTS - INTERNATIONAL KEY CONSULTANT CONTRACTORS 20 20 Mahr Maschinenbau
Slide 21: Financial Performance
FINANCIAL PERFORMANCE Crest Gate at Landsberg Fish Passage Ravensdale, WA, USA 21
Slide 22: Standalone Performance – Jash, Shivpad & Jash USA
STANDALONE PERFORMANCE – JASH, SHIVPAD & JASH USA JASH ENGINEERING LTD. SHIVPAD ENGINEERING PVT. LTD. JASH USA / RODNEY HUNT Revenue (₹Cr) Revenue (₹Cr) Revenue (₹Cr/ US$ Mn) ₹ 46.3 / $ 5.7 105.3 ₹ 34.0 / $4.2 9.8 80.6 7.9 H1FY22 H1FY23 H1FY22 H1FY23 H1FY22 H1FY23 PAT (₹Cr) PAT (₹Cr) PAT (US$ Mn) 18
Slide 23: Consolidated Financial Snapshot
CONSOLIDATED FINANCIAL SNAPSHOT Revenues (₹Cr) Gross Profit (₹Cr) & Margin (%) EBITDA (₹Cr) & Margin (%) 123.1 66.0% 62.8% 108.9 81.3 68.3 12.1 3.8 3.5% 9.8% H1FY22 H1FY23 H1FY22 H1FY23 H1FY22 H1FY23 Profit Before Tax (₹Cr) Profit After Tax (₹Cr) H1FY22 2.7 H1FY22 1.5 H1FY23 H1FY23 -4.2 -4.9 23 23 M
Slide 24: Consolidated Income Statement
CONSOLIDATED INCOME STATEMENT Particulars (₹ Cr) Q2FY23 Q1FY23 Q2FY22 H1FY23 H1FY22 Total Income 74.8 48.5 61.8 123.1 108.9 Total Expenses 67.9 52.5 62.2 120.4 113.1 EBITDA 11.6 0.5 3.6 12.1 3.8 EBITDA Margin (%) 15.5% 1.1% 5.9% 9.8% 3.5% Finance Cost (Net) 2.3 2.1 2.0 4.3 3.8 Depreciation 2.6 2.5 2
Slide 25: Consolidated Balance Sheet
CONSOLIDATED BALANCE SHEET Particulars (₹ Cr) H1FY23 FY22 Particulars (₹ Cr) H1FY23 FY22 Equity & Liabilities ASSETS Shareholder's Funds Non-Current Assets Share Capital 11.9 11.9 Property, Plant & Equipment 84.1 81.3 Other Equity 177.2 174.7 Capital Work in Progress 1.5 0.9 Total Shareholder's Fund
Slide 26: Business Outlook
BUSINESS OUTLOOK Sluice Gates at Storage Reservoir Colorado River Front, Colorado, USA 26
Slide 27: Consolidated Order Book as on 1st November 2022
CONSOLIDATED ORDER BOOK AS ON 1ST NOVEMBER 2022 Shivpad Engineering With In India Outside India Engineering & Manufacturing Pvt Ltd Jash Ltd ₹ 481 cr ₹ 16 cr Nil ₹ 207 cr Domestic & Subsidiaries Combined order book Export Jash USA Inc stood at ₹ 688 cr ₹ 283 cr 27 27 Mahr Maschinenbau
Slide 28: Consolidated Order Pipeline as on 1st November 2022
CONSOLIDATED ORDER PIPE LINE AS ON 1ST NOVEMBER 2022 Within India Within India Outside India Outside India ₹ 9 cr ₹ 12 cr ₹ 11 cr ₹ 30 cr ALREADY UNDER Combined NEGOTIATED NEGOTIATION Combined ₹ 21 cr ₹ 41 cr Orders already negotiated with clients by 1st November 2022 will generally be received with
Slide 29: Consolidated Sales Outlook for FY 22-23
CONSOLIDATED SALES OUTLOOK FOR FY 22-23 Shivpad Engineering Within India Outside India Engineering & Manufacturing Pvt Ltd Jash Ltd ₹ 230 cr ₹ 25 cr ₹ 1 cr ₹ 200 cr Domestic & Subsidiaries Jash Combined Export USA Inc ₹ 430 cr ₹ 165 cr Projections are subject to adverse conditions due to Covid-19 &
Slide 30: Other Developments
OTHER DEVELOPMENTS 1. Rodney Hunt order booking is significantly improving and as of 30th Sept the order book has crossed USD 37 million. 2. Rodney Hunt has shortlisted land in Houston for its new plant and if all the clearances are found in order than this land will be bought in Q4. If everything g
Slide 31: Management Commentary
MANAGEMENT COMMENTARY Mr. Pratik Patel Managing Director “The first half results are encouraging. We delivered a strong revenue growth of 13% to ₹ 123.1 crores in H1FY23 and EBIDTA grew by 215% year on year (YoY) to ₹ 12.1 crores . This half year the Company’s profitability has increased significant
Slide 32: Shareholders Information
SHAREHOLDERS INFORMATION STOCK DATA SHAREHOLDING PATTERN (As on 11th November 2022) Symbol (NSE) Employee Trusts JASH 0.9% Market Shares ₹ Capitalization Public (As on 30th Promoters Outstanding (₹ Cr) 1.19 Cr 896.07 47% Sept 2022) 53% Stock Price (₹) 753.00 32 32 Mahr Maschinenbau
Slide 33: Thank You
THANK YOU For further information, contact: Dharmendra Jain Siddesh Chawan Jash Engineering Limited Ernst & Young LLP/ Investor Relations E-mail: dharmendrajain@jashindia.com E-mail: Siddesh.Chawan@in.ey.com Ph.:0731-6732700, 0731-2720143 Ph.: +91 022 6192 0000 JASHENGINEERINGLTD RODNEYHUNT INC JASH