Steelcast Ltd. · NSE:STEELCAS
Steelcast — Q4 FY2022 Earnings Presentation
32 slides from Steelcast's earnings presentation, May 19, 2022
Slide 1: Covering letter to stock exchanges
CIN L27310GJ1972PLC002033 AC/2079 19.05.2022 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 Stock Code: 513517 Stock Sy
Slide 2: Investor Presentation – Q4 & FY22
Investor Presentation – Q4 & FY22
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: Q4 & FY22 Financial Performance
Q4 & FY22 Financial Performance 3
Slide 5: Q4 & FY22 Performance Highlights
Q4 & FY22 Performance Highlights Q4 FY22 (Y-o-Y) FY22 (Y-o-Y) Highlights Robust revenue and profitability growth was on the back of Revenue Revenue 67.7% 91.5% strong orderbook from customers across all industry and was 93.0 Crs 302.0 Crs driven by good volumes and better operational efficiencies CA
Slide 6: Q4 & FY22 Consolidated Key Highlights
Q4 & FY22 Consolidated Key Highlights Revenue (Rs. in Crs) EBIDTA (Rs. in Crs) PAT (Rs. in Crs) +92% +103% +180% 302.0 63.7 33.3 157.7 31.4 68% 118% 59% 11.9 93.0 9.6 17.6 55.5 11.1 4.4 Q4FY21 Q4FY22 FY21 FY22 Q4FY21 Q4FY22 FY21 FY22 Q4FY21 Q4FY22 FY21 FY22 5
Slide 7: Geographical Revenue growth (Y-o-Y)
Geographical Revenue growth (Y-o-Y) Exports Domestic +700 bps -700 bps 56.0% 51.0% 49.0% 44.0% FY21 FY22 FY21 FY22 6
Slide 8: Revenue Breakup (FY22)
Revenue Breakup (FY22) Segment-wise Revenue (%) Geography-wise Revenue (%) 1.0% Total revenue 44.0% Total revenue Rs. 302 Cr Rs. 302 Cr 56.0% 99.0% OEM Sales Domestic Replacement Market Exports 7
Slide 9: Quarterly Profit & Loss Statement
Quarterly Profit & Loss Statement Particulars (Rs.Crs ) Q4FY22 Q4FY21 Y-o-Y Q3FY22 Q-o-Q FY22 FY21 Y-o-Y Revenue from Operations 93.0 55.5 67.7% 79.0 17.8% 302.0 157.7 91.5% Cost of Materials consumed 26.8 15.4 27.2 95.0 36.3 Changes in Inventories -2.7 -3.0 -11.6 -26.9 -2.3 Total Raw Material 24.2
Slide 10: Profit & Loss Statement
Profit & Loss Statement Particulars (Rs. Crs.) FY22 FY21 FY20 FY19 FY18 Total Revenue 302.0 157.7 200.6 317.9 231.2 Cost of Material Consumed 95.0 36.3 46.3 73.7 54.7 Change in Inventories -26.9 -2.3 0.4 14.3 -12.4 Total Raw Material 68.0 34.0 46.7 88.0 42.3 Value Addition 234.0 123.7 153.9 229.9 18
Slide 11: Balance Sheet – Assets (1/2)
Balance Sheet – Assets (1/2) ASSET (Rs. Crs.) Mar-22 Mar-21 Mar-20 Mar-19 Mar-18 Non ‐ Current Assets Property, plant and equipment 108.7 97.1 105.1 114.5 120.1 Capital work‐in‐progress 5.0 0.8 0.0 0.4 2.3 Intangible Assets 0.7 1.1 1.7 2.3 2.9 Financial Assets (i) Investments 0.1 0.1 0.1 0.1 0.1 (ii
Slide 12: Balance Sheet – Equity & Liabilities (2/2)
Balance Sheet – Equity & Liabilities (2/2) EQUITY & LIABILITIES (Rs. Crs.) Mar-22 Mar-21 Mar-20 Mar-19 Mar-18 Equity Equity Share Capital 10.1 10.1 10.1 10.1 10.1 Other Equity 146.4 118.7 107.8 104.8 83.2 Total Equity 156.6 128.8 117.9 115.0 93.3 Liabilities Non ‐ Current Liabilities Financial Liabi
Slide 13: Cash Flow Statement
Cash Flow Statement Cash Flow Statement (Rs. Crs.) FY22 FY21 FY20 FY19 FY18 Profit before Tax 44.7 15.6 17.0 35.1 19.0 Adjustment for Non-Operating Items 18.7 16.2 20.4 22.7 22.1 Operating Profit before Working Capital Changes 63.4 31.8 37.4 57.8 41.1 Changes in Working Capital -50.6 0.9 6.7 7.1 -26
Slide 14: Balance Sheet Ratios
Balance Sheet Ratios Long term Debt (Rs. Crs.) Short term Debt (Rs. Crs) Debt to Equity 70 28 Due to increase in 63 0.91 business activity Repaid entire LT debt 14 13 0.45 25 0.40 9 17 0.25 14 0.18 0 Mar-18 Mar-19 Mar-20 Mar-21 Mar-22 Mar-18 Mar-19 Mar-20 Mar-21 Mar-22 Mar-18 Mar-19 Mar-20 Mar-21 Ma
Slide 15: Company Overview
Company Overview 14
Slide 16: Company Overview
Company Overview One of the few companies in India and Globally manufacturing Steelcastings based on Sand and Shell Casting Process Premier Position Diverse Industrial Sectors Catering to diverse Industrial sectors like Earth Moving, Company enjoys a Premier Position in the Steel Casting Mining & Mi
Slide 17: Key Strengths
Key Strengths Experienced Board back by a strong management team Diversified Business Model, catering to varied sectors Well Unique Business Experienced Model Team Strong R&D and Technological Capabilities. These also are entry barriers Recognitions & Technology in the business Certifications and R&
Slide 18: Diversified Business Model catering to Varied Industries
Diversified Business Model catering to Varied Industries Existing Segments* Mineral Processing Earth Moving Industry Mining Steel Plants Cement Construction Industry Foray into New Segments Railways Electro Locomotive Ground Engaging Tools (GETs) 17 * Business done is with all OEMs
Slide 19: Focus on Research & Development…
Focus on Research & Development… Cost Reduction De-Sulphorise and De-Phosphorise • R&D team constantly involved in • Our R&D Team has developed successfully a process Cost reduction techniques and to De-Sulphorise and De-Phosphorise the liquid metal activities In Induction Furnace Product Developmen
Slide 20: … with continuous Technology Upgradation
… with continuous Technology Upgradation State of the Art mechanical and thermal reclamation Plants for ensuring consistent quality of mold backing and facing sand; one 1 of vital element for producing quality castings, at both the plants Benefits from newer Processes & Conversion of all heat treatm
Slide 21: Locational Advantage
Locational Advantage Situated in Bhavnagar, Gujarat, which is a power Skilled manpower is easily available with surplus state minimal labor cost Availability of Natural Gas by Gujarat Gas Company’s own 66KV power transmission Limited for all fuel requirements through station with 10MW power availabl
Slide 22: Best in Class Manufacturing Capabilities…
Best in Class Manufacturing Capabilities… Company manufactures steel casting products by adopting sand-based manufacturing process by using No Bake and Shell Molding techniques Capacity expansion to 30,000 MTPA from 13,000 MTPA and simultaneously upgraded its production processes and introduced newe
Slide 23: … with focus on Design & Engineering
… with focus on Design & Engineering Design & Engineering No Bake Molding Shell Molding Process Heat Treatment In house magma software for pouring • Use resin coated quartz sand • Battery of Gas fired furnaces having capacities of 3 to Fully automated flaskless molding line with simulation pro engin
Slide 24: State of Art Manufacturing Facilities
State of Art Manufacturing Facilities P1 P2 P5 12,000 tonnes per annum 6,000 tonnes per annum 12,000 tonnes per annum Process Type : Sand Molding - Process Type : Sand Molding - Mold box Process Type : Shell Molding (Corning) Automated loop line and Flask less Molding based molding facility Process
Slide 25: Presence across the Globe
Presence across the Globe Denmark South Korea Germany USA China Japan India - Headquartered Mexico Thailand Singapore Brazil Export Presence “One-Star Export House Status holder” Expected to increase the presence 15+ countries in the next 5 years Disclaimer: Map not to scale. All data, information a
Slide 26: Recognitions & Certifications
Recognitions & Certifications ✓ 1st Steel Foundry in India to get ISO:9002 Certification ✓ An EN 9100:2018 certified by TUV NORD, Germany (for Aerospace). ✓ An ISO:9001-2015 Company certified by TUV NORD, Germany (for Quality) ✓ Class A approved foundry by Ministry of Railways, India ✓ An ISO:14001-
Slide 27: Recognitions & Certifications (contd…)
Recognitions & Certifications (contd…) Company’s Products, Processes, Safety Standards and Environment Friendly Mechanism meets with Global standards and certification Recipient of Recipient of Award for Shri Laxmanrao achieving Highest Approved Foundry Kirloskar Best Foundry Rating in the ranking o
Slide 28: Experienced Board of Directors
Experienced Board of Directors Mr. Chetan M. Tamboli, Managing Director & CEO • Aged 60 years, a third-generation entrepreneur, is a commerce graduate armed with an MBA Finance from USA • Serving as a CEO since 2003 with total experience of more than 30 years. Looks after strategy, policy making and
Slide 29: Future Strategy
Future Strategy 28
Slide 30: Clear Focus on De-Risking Business
Clear Focus on De-Risking Business Strategy for THEN NOW Steelcast 2.0 De-risking Business Strategies Capacity Expansion 13,000 MTPA 30,000 MTPA Focus to reduce concentration to a No. of Parts manufactured 104 300+ particular segment No. of Customers 11 36 Company will be focusing on railroad Geogra
Slide 31: Rationalization Measures
Rationalization Measures Product Development Business Development Initiated a rationalization plan since last 2 years Company to set up 5 MW Solar Power 25 years PPA to be signed for solar & wind Reduced manpower cost per unit by Plant in Gujarat region for captive hybrid power project which will br
Slide 32: THANK YOU
THANK YOU Company: CIN: L27310GJ1972PLC002033 Name: Mr. Subhash Sharma, CFO Email ID: ss@steelcast.net Investor Relations Advisors: Mr. Rajesh Agrawal Mr. Jinal Fofalia +91 9967491495 +91 7738327567 rajesh.agrawal@linkintime.co.in jinal.fofalia@linkintime.co.in 31