Titagarh Rail Systems Ltd · NSE:TITAGARH
Titagarh Rail Systems — Titagarh Wagons — H1 FY2020 Earnings Presentation
15 slides from Titagarh Rail Systems's earnings presentation, Nov 7, 2019
Slide 1: Stock exchange filing letter for Earnings Presentation H1 FY2020
TITAGARH ih November, 2019 1. National Stock Exchange of India Limited Exchange Plaza, Bandra Kurla Complex, Bandra (East), Mumbai 400051 Scrip Code: TWL(EQ) 2. Bombay Stock Exchange Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai 400001 Scrip Code: 532966 Re.: Earnings Presentation H1 FY 20
Slide 2: Earnings Presentation H1 FY2020
MOBILITY FOR MILLIONS. GLOBALLY. Titagarh Wagons Ltd (BSE:532966 ; NSE:TWL) Earnings Presentation H1 FY2020
Slide 3: H1 FY2020 Financial Highlights
H1 FY2020 Financial Highlights Delivered strong financial performance from core standalone business Total Income EBITDA PAT Standalone (Rs. Cr) 96% 206% 252% 8.2% 4.1% 5.2% 2.3% 635 52 26 324 17 7 H1 FY19 H1 FY20 H1 FY19 H1 FY20 H1 FY19 H1 FY20 Margin Margin Total Income EBITDA Profit/ Loss from Con
Slide 4: Management Commentary
Management Commentary Commenting on the results, Mr. Umesh Chowdhary, Vice Chairman and Managing Director said: Recent Project Wins I am pleased to report that the Company delivered strong performance during the quarter on both standalone and consolidated basis. The margins recorded significant impr
Slide 5: Order Book: Consolidated
Order Book: Consolidated During H1 FY2020 executed orders worth of Rs. 912 Cr; Total order book as on Sep-2019: Rs. 5,128 Cr 1% New Orders 5% IR Wagons 23% Private Wagons 5,128 Order Book as Passengers 3% 1,062 1,062 on Sep 30, 2019 Shipbuilding 4,978 68% 4,066 Defence & Bridges Others Order Book as
Slide 6: Financial Performance: Consolidated
Financial Performance: Consolidated Q2 Q1 Half Year YoY QoQ YoY Rs. Crores Growth Growth Growth FY2020 FY2019 FY2020 FY2020 FY2019 Total Income 425 315 35.0% 497 (14.5)% 922 597 54.4% EBITDA 30 15 94.4% 28 4.9% 56 19 192.4% Margin (%) 7.0% 4.9% 5.7% 6.1% 3.2% Profit/ Loss from 8 (10) nm 10 (19.0)% 1
Slide 7: Segment Performance: Consolidated
Segment Performance: Consolidated Q2 Q1 Half Year YoY QoQ YoY Rs. Crores Growth Growth Growth FY2020 FY2019 FY2020 FY2020 FY2019 Wagons & Coaches Revenue 289 131 119.8% 305 (5.5)% 594 223 166.0% EBIT 28 5 458.7% 31 (8.4)% 59 6 812.9% Margin (%) 9.3% 2.7% 9.3% 9.3% 2.0% Specialised Equipment & Bridge
Slide 8: Financial Performance: Standalone
Financial Performance: Standalone Q2 Q1 Half Year YoY QoQ YoY Rs. Crores Growth Growth Growth FY2020 FY2019 FY2020 FY2020 FY2019 Total Income 303 188 61.3% 332 (8.6)% 635 324 96.0% EBITDA 24 11 110.7% 28 (16.4)% 52 17 205.6% Margin (%) 7.8% 6.0% 8.5% 8.2% 5.2% Profit After Tax (PAT) 12 5 137.0% 14 (
Slide 9: Financial Performance Trend: Standalone
Financial Performance Trend: Standalone Timely execution of orders and delivering consistent quarterly performance Revenue (Rs. Cr) EBITDA (Rs. Cr) 61% 8.5% 7.8% 6.7% 6.0% 5.7% 28 24 22 11 15 Q2 FY19 Q3 FY19 Q4 FY19 Q1 FY20 Q2 FY20 EBITDA Margin (%) Profit/ Loss from Continuing Operations (Rs. Cr) 3
Slide 10: Capital Structure: Consolidated
Capital Structure: Consolidated Higher asset utilization and reduction in gross debt Rs. Crores Mar-2019 Sep-2019 Fixed Assets (Rs. Cr) and Asset Turnover (x)* 2.2x Short Term Debt 294 272 1.9x 1.4x 914 885 806 Long Term Debt 576 567 FY18 FY19 H1FY20 Gross Debt 870 839 Fixed Assets Asset Turnover (x
Slide 11: Working Capital Cycle
Working Capital Cycle Standalone Consolidated 333 233 306 221 213 173 178 161 149 150 154 103 125 96 113 116 77 85 89 71 67 81 47 61 FY18 FY19 H1 FY20 FY18 FY19 H1 FY20 Inventory Days Receivable Days Inventory Days Receivable Days Payable Days Working Capital Cycle Payable Days Working Capital Cycle
Slide 12: Titagarh Wagons: Overview
Titagarh Wagons: Overview The Titagarh Edge Year of Establishment 1997 • 150 years experience through organic and inorganic growth in various rolling stock products Market • Manufacturing presence in two countries (India and Italy) Cap1 Rs. 515 Cr • Focused on the high growth areas in the infrastruc
Slide 13: Strategy and Outlook
Strategy and Outlook 1 Management is focused on profitable growth, optimizing working capital, improve Reduction of Debt cash flows and reduce debt 2 Expand into Global Leveraging Italy business experience and advanced technology, the Company plans to Markets expand its footprint into global markets
Slide 14: Disclaimer
Disclaimer This presentation contains statements that are “forward looking statements” including, but without limitation, statements relating to the implementation of strategic initiatives, and other statements relating to Titagarh Wagons’ future business developments and economic performance. While
Slide 15: Titagarh Wagons Limited
Titagarh Wagons Limited Kolkata Registered & Corporate Office Titagarh Towers, 756, Anandapur, E.M. Bypass Kolkata – 700107, West Bengal, India T: +91 33 4019 0800 F: +91 33 4019 0823 E: corp@titagarh.in Delhi Office A-50 Type A, Hortron Complex Electronic City, Sector -18 Gurugram - 122015, Haryana, In