Pennar Industries Limited · NSE:PENIND
Pennar Industries — Q1 FY2015 Earnings Presentation
25 slides from Pennar Industries's earnings presentation, 2014
Slide 1: Pennar Industries Limited – Engineering Excellence
Pennar Industries Limited Engineering Excellence Investor Presentation Q1FY15 1
Slide 2: Disclaimer
Disclaimer This presentation contains statements that contain “forward looking statements” including, but without limitation, statements relating to the implementation of strategic initiatives, and other statements relating to Pennar Industries Limited and its subsidiary companies (“Pennar”) future
Slide 3: Agenda
Agenda Quarter Performance • Financial Performance 5–6 • New Customers and Products 7 • Business Verticals: Q1FY15 Highlights 8 – 16 • Continue the move to create an “Engineering Enterprise” 17 • Distributed Manufacturing 18 • Share Price Performance 19 Pennar’s Business • Pennar Group – Business St
Slide 4: Q1 FY15 Performance
) PENNAR INDUSTRIES LIMITED Q1 FY15 Performance
Slide 5: Financial Performance – Q1 FY15
Financial Performance – Q1 FY15 Standalone Consolidated 250 8% 9% 350 12% 8% 10% 276.7 7% 300 10% 200 6% 7% 168.5 250 6% 7% 8% 8% 150 5% 200 6% 4% 150 308.0 100 192.3 189.7 3% 253.6 4% 100 50 2% 50 2% 1% 0 0% 0 0% Q1FY14 Q4FY14 Q1FY15 Q1FY14 Q4FY14 Q1FY15 Net Revenues (Rs. Crs) EBITDA margins Net Re
Slide 6: Segment Performance
Segment Performance Net Revenues (Rs. Crores) and EBITDA margins (%) Steel Products Tubes Industrial Components 140 6.3% 7.0% 40 36.2 7.0% 20 18.4 14.7% 16.0% 34.5 14.0% 118.0 35 6.2%6.0% 18 120 6.0% 32.3 14.0% 106.8 14.7 101.4 30 16 14.3 100 5.0% 5.9% 5.0% 12.0% 14 5.2% 25 12.0% 10.0% 80 5.0% 4.0%
Slide 7: New Customers and New Products added in Q1FY15
New Customers and New Products added in Q1FY15 15% of Q1 revenues came from new products/customers Steel Products Systems and Projects Tubes Added Central Railways as a new customer during the quarter. Industrial Components Pre-Engineered Buildings Pennar Enviro 6 new customers 12 new customers * No
Slide 8: Business Vertical – Steel Products
Business Vertical – Steel Products Q1 FY15 Highlights o Sales for Q1FY15 at Rs. 101 crores o Repeat Orders received from VECV, Ashok Leyland, Prabha Engineers, Tata Group (Auto), Johnson Lifts Ltd. o Other major customers - L&T, Lanco Group, Thermax, Simplex and BGR Energy. o New customers added: Ne
Slide 9: Business Vertical – Industrial Components
Business Vertical – Industrial Components Q1 FY15 Highlights o Sales for Q1FY15 at Rs.14.7 crores. o Major Customers- Emerson Climate Technologies, Tecumseh, India Nippon Electricals, Endurance, Wabco, FSTVS, Letrika Roots, Yamaha, Xylem, FNSS, BEML o White good Industries slide continues. o Automot
Slide 10: Business Vertical – Industrial Components
Business Vertical – Industrial Components Guide Bracket Rotor cup for Yamaha Bead Plate Wedge Barriers Yoke 10
Slide 11: Business Vertical – Tubes
Business Vertical – Tubes Q1 FY15 Highlights o Sales of Rs 36.2 Crore in Q1; up 12% YoY with CDW volume has grown by 37% . o Currently at close to 100 customers. o 60% of business is repeat customers like Isgec, Thermax, ALF Engg, Gabriel, VECV, M.G Auto, Tata Vendors, PHI ,PHA ,LMW, BGR, Patton, TT
Slide 12: Business Vertical – Systems & Projects
Business Vertical – Systems & Projects Q1 FY15 Highlights o First quarter begun with order book of Rs. 50 crores. o Q1 sales at Rs. 16 crore for both coach and wagon. o New client added - Central Railway; 3.5% of the Q1 revenue. Railways Solar • Integral Coach Factory has indicated outsourcing compl
Slide 13: Subsidiary – Pre-Engineered Buildings Systems
Subsidiary – Pre-Engineered Buildings Systems Q1 FY15 Highlights o Major Customers are - Reliance, L&T, Schindler India, Sobha Developers, Ultratech, Gland Pharma and NSC Projects o Installed Capacity of 90000 MT o 50% revenues from new products/customers. o 12 new clients added during the quarter-
Slide 14: PEBS - Completed Projects
PEBS - Completed Projects UltraTech Birla White Cement, Jodhpur, Rajasthan - Stacker reclaimer shed of 75m clear span IOT Infra, Dhahej, Gujarat - Warehouse building of length 1km and 145000 Sqm area 14
Slide 15: PEBS - Completed Projects
PEBS - Completed Projects Jayabheri Orange County, Hyderabad - G+10 floor commercial building for Jayabheri Properties at Hyderabad Schindler India, Pune, Maharashtra - Factory building covering an area of 25,500 Sqm Tata Steel Processing & Distribution Limited, Chennai, Tamil Nadu - Factory buildin
Slide 16: Subsidiary – Pennar Enviro
Subsidiary – Pennar Enviro Q1 FY15 Highlights o Total customers: 18 Water Projects and 200+ in Chemicals and O&M. o Major Customers are- Hero Cycles, Deepak Nitrate, Goodyear India, Silk Road Sugars, SLN Coffee, Lavgan and JSW. o Added 6 new customers in the quarter - Jaypee Balaji Cement, SR Intern
Slide 17: Continue the move to create an “Engineering Enterprise”
Continue the move to create an “Engineering Enterprise” Component Facility in Hydraulics Chennai Wind Energy Components Tubes Expansion International Business Warehousing Solutions Global Supply Chains, Security Industrial Racking, Material Solutions, Components, ESP, Handling & Warehouse Hydraulics
Slide 18: Distributed Manufacturing
Distributed Manufacturing Chennai Patancheru Coaches CR Components/ Hydraulics Wagons Auto Profiles Compressor Shells Building Products Sheet Piles Solar ESP 4 Locations Tarapur Isnapur Solar CR Auto Profiles Tubes Building Products Profiles ESP Fabrication Solar ……………….DRIVING DOWN OPERATIONAL COST
Slide 19: Pennar underperformed BSE Small Cap Index by 17%
Pennar underperformed BSE Small Cap Index by 17% 175 Stock Movement — July 1, 2013 to June 30, 2014 155 135 115 95 75 Jul-13 Aug-13 Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Pennar Sensex BSE small Cap *Rebased to 100 19
Slide 20: Business Structure, Segments & Leadership Team
Business Structure, Segments & Leadership Team 20
Slide 21: Pennar Group – Business Structure, Holdings
Pennar Group – Business Structure, Holdings Shareholding Pattern (June 30, 2014) Market Cap as of June 30 2014 (BSE) : Rs.4,896 million; ~120 million shares Pennar Industries Limited Steel Products; Steel Tubes; Pre-engineered building Systems Industrial water treatment Industrial Components; System
Slide 22: Business Segments and Products
Business Segments and Products Diversified Product Portfolio Across Industries Steel Products Systems and Projects Tubes o Automobiles o Railways: Coaches and Wagons o Automobiles o General Engineering o Solar: Solar Mounting Structures o Power o Infrastructure o White Goods Industrial Components Pr
Slide 23: Segment Composition
Segment Composition Transformation through organization structure, engineering capabilities and human capital ... Q1FY15 Net Revenues Pennar Enviro Steel Products o Pennar Enviro: 3% 3% o General Engg: 10% Pre-Engineered Buildings o Automobile: 10% 37% o Buildings: 4% o Pre-Engineered Buildings: 36%
Slide 24: Leadership Team; Management
Leadership Team; Management Leadership Team Nrupender Rao Aditya N. Rao P. V. Rao Shreepad Purkar Executive Chairman President and CEO Vice Chairman & Executive Director Pennar Group Managing Director Pennar Enviro PEBS Pennar Pennar Group Business Units Dayasagar Rao M. Bhoopal Reddy Shiva Kumar K
Slide 25: Investor Relations
Contact Details: Pennar Industries Limited Floor: 3, DHFLVC Silicon Towers Kondapur, Hyderabad - 500 084, Andhra Pradesh Investor Relations investorrelations@pennarindia.com Engineering Excellence