Isgec Heavy Engineering Ltd. · NSE:ISGEC
Isgec Heavy Engineering — Q3 & 9M FY24 Earnings Presentation
30 slides from Isgec Heavy Engineering's earnings presentation, Feb 14, 2024
Slide 1: SACHIN Digitally SALUJA 08:04:24 +05'30'
SACHIN Digitally signed by SACHIN SALUJA SALUJA 08:04:24 +05'30' Date: 2024.02.14
Slide 2: Isgec Heavy Engineering Ltd. Investor Presentation Q3 & 9M FY24
www.reallygreatsite.com Isgec Heavy Engineering Ltd. Investor Presentation Q3 & 9M FY24
Slide 3: Safe Harbour
Safe Harbour This Presentation and the accompanying slides (the “Presentation”), which have been prepared by Isgec Heavy 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
Slide 4: Table of Contents
Table of Contents Company Overview Q3 & 9M FY24 Performance Highlights Order Book Position Annual Performance Highlights Annexures
Slide 5: Company Overview
ISGEG Company Overview
Slide 6: Isgec at Glance: 90 Years and Going Strong
Isgec at Glance Diversified Company Distinguished Board and (Manufacturing, EPC and Management Team Sugar & Ethanol) Technology Partnerships with Serving Marquee Clients Leading Global Companies Robust Order Book & Strong Global Reach with Credit Profile equipment supply in 91 (AA Stable and A1+ by
Slide 7: 90 Years & Going Strong
90 Years & Going Strong Incorporated in 1933 as a Sugar Manufacturing Company. Transformed into a Diversified Heavy Engineering Company with 84% Consolidated Revenues* coming from Engineering Products and Projects 1933 2023 Company (erstwhile Saraswati Company turnover crosses Sugar Syndicate Ltd.)
Slide 8: Diversified Business Model
Diversified Business Model Process Equipment Sugar Plants & Distilleries Air Pollution Control Iron & Steel Castings Equipment & Projects Industrial Boilers Boiler Tubes & Panels Manufacturing EPC 34% Power Projects 50% Revenue* Revenue* Presses Bulk Material handling Equipment & Projects Civil Cons
Slide 9: Serving Marquee Clientele across Sectors
Serving Marquee Clientele across Sectors 8
Slide 10: Manufacturing Facilities ensuring Pan-India Presence
Manufacturing Facilities ensuring Pan-India Presence EPC Offices Manufacturing Facilities Yamunanagar, Pressure Vessels & Heat Haryana Exchangers, Presses, Boilers, Noida, Containers, Castings, Sugar & Uttar Pradesh Other Industrial Machinery Rattangarh, Boiler Components, Headers, Haryana Reactors,
Slide 11: Revenue Diversification across Geographies
Revenue Diversification across Geographies Equipements supplied in 91 countries across 6 continents 100% 10% 9% 90% 22% 18% 17% 80% 70% 60% 50% 90% 91% 40% 78% 82% 83% 30% 20% 10% 0% FY20 FY21 FY22 FY23 9MFY24 Domestic International International Sales contributed ~9% Revenue in 9MFY24 and ~12% of t
Slide 12: Strategic Technology Partnerships
Strategic Technology Partnerships Amec Foster Wheeler, USA NEM Energy B.V., CB&I Technology Inc., Babcock Power Thermal Engineering Fuel Tech Inc., (now with Wood Group, UK) Netherlands USA Environmental Inc., International (TEi), USA USA USA AP&T, Sumitomo SHI FW BHI FW Corporation, Sweden Energia
Slide 13: Distinguished Board of Directors
Distinguished Board of Directors Mr. Ranjit Puri Mr. Aditya Puri Chairman Managing Director Education: B.Sc. Industrial Management from MIT, USA. Education: Experience: B.A. (Hons.) from St. Stephen’s College, India, and M.A. Over 60 years of rich and versatile experience in the Economics from Cambr
Slide 14: Distinguished Board of Directors
Distinguished Board of Directors Mr. Vishal Kirti Keshav Marwaha Mr. Sidharth Prasad Independent Director Independent Director Education: Education: C.A and B.Com (Honours) from the University of Delhi, India B.Com from Lucknow University, and an Executive MBA from IIM, Lucknow Experience: Experienc
Slide 15: Performance Highlights Q3 & 9M FY24
Performance Highlights Q3 & 9M FY24
Slide 16: 9MFY24 Snapshot
9MFY24 Snapshot 0.2% 62.7% Revenue Growth YoY PAT Growth YoY 28.7% 3.8% EBITDA Growth YoY Key Financials Segmental EPC Revenue Growth YoY 4.6% 25.1% Manufacturing Sugar & Ethanol Revenue Growth YoY Revenue Growth YoY *Consolidated Financials 15
Slide 17: Key Financial Highlights – Q3 & 9M FY24
Key Financial Highlights – Q3 & 9M FY24 (in Rs. Mn) Revenue EBITDA & EBITDA Margin (%) PAT & PAT Margin (%) 2,500 2,000 8.1% 8.3% 8.3% 9.3% 8.6% 1,800 4.1% 4.5% 3.8% 4.3% 4.5% 2,000 1,600 1,400 1,500 1,200 1,000 20,484 1,000 800 15,980 14,767 14,978 1,700 13,988 600 1,287 1,371 1,287 500 1,166 400 9
Slide 18: Segmental Highlights – Q3 & 9M FY24
Segmental Highlights – Q3 & 9M FY24 (in Rs. Mn) Revenue & EBIT Margin (%) Manufacturing EPC Sugar & Ethanol (Excludes Ethanol Plant under construction) 8,000 5.1% 8.1% 9.9% 11.9% 9.2% 4.4% 3.8% 4.0% 4.0% 3.6% 7.5% 14.1% 12.3% 14.8% 8.2% 7,000 12,000 12,000 6,000 10,000 10,000 5,000 8,000 8,000 4,000
Slide 19: Order Book Position
Order Book Position
Slide 20: Robust Order Book (Consolidated)
Robust Order Book (Consolidated) Orders Booked during the Quarter (in Rs. Mn) Order Book as at end of Quarter/Financial Year (in Rs. Mn) 83,210 85,840 69,350 73,220 24,820 67,650 13,880 15,450 13,650 11,520 Q3FY23 Q4FY23 Q1FY24 Q2FY24 Q3FY24 FY20 FY21 FY22 FY23 9MFY24 19
Slide 21: Order Book Composition (Consolidated)
Order Book Composition (Consolidated) Sector wise Geography wise Segment wise 12% 34% 29% 71% 66% 88% PSU & Government Private International Domestic Projects Manufacturing Order Book Rs. 85,840 Mn (as on 31ST December 2023) 20
Slide 22: Diversified across Sectors
Diversified across Sectors Consolidated Order Book Rs. 85,840 Mn * Railways Power Fertilizer Cement Mines Ports Oil & Gas Steel Chemical Space Automobile Defence Sugar Distillery Paper Water Treatment Composition by Industry 28% 17% 13% 14% 16% 6% 6% Refineries Power Steel, Sugar Chemicals, Automobi
Slide 23: Annual Performance Highlights
Annual Performance Highlights
Slide 24: Key Financial Highlights – Annual
Key Financial Highlights – Annual (in Rs. Mn) Revenue EBITDA & EBITDA Margin (%) PAT & PAT Margin (%) 6.0% 9.3% 5.9% 7.3% 2.5% 4.6% 2.1% 3.2% 64,117 59,142 54,773 55,126 5,067 4,673 3,567 3,246 2,531 2,055 1,491 1,150 FY20 FY21 FY22 FY23 FY20 FY21 FY22 FY23 FY20 FY21 FY22 FY23 *Consolidated Financia
Slide 25: Segmental Highlights – Annual
Segmental Highlights – Annual (in Rs. Mn) Revenue & EBIT Margin (%) Manufacturing EPC Sugar & Ethanol 25000 35000 0.15 50000 0.14 5.2% 10.5% 6.9% 6.9% 3.9% 5.0% 2.9% 4.4% 0.14 8.3% 13.1% 9.2% 9.2% 45000 0.13 30000 20000 0.12 40000 0.12 0.11 25000 35000 0.1 0.1 0.09 15000 30000 20000 0.08 0.08 0.07 2
Slide 26: Annexures
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Slide 27: Corporate Structure (Subsidiaries & Joint Ventures)
Corporate Structure (Subsidiaries & Joint Ventures) Cavite Biofuel Isgec Titan JV with Titan Metal Bioethanol Plant under Producers Inc., Metal Fabricators, USA construction in the Philippines * Fabricators to manufacture corrosion Philippines Pvt. Ltd., India resistant Process Equipment JV with Hit
Slide 28: Shareholders Information
Shareholders Information Shareholding structure – 31st December 2023 Shareholder Information as on 31st December 2023 BSE Ticker 533033 25.31% NSE Symbol ISGEC Market Cap (in Rs. Mn) 72,161.9 % Free- float 37.6% 0.70% 62.43% Free Float Market Cap (in Rs. Mn) 27,111.2 3.53% Shares Outstanding (Mn) 73
Slide 29: Isgec as a good Corporate Citizen addressing ESG topics
Isgec as a good Corporate Citizen has been addressing ESG topics since a long time Transitioning to a comparatively clean fuel Utmost importance to the health and safety for (shift from Diesel to RLNG) at our factories everyone working at the site or factory Over the years, increased the mix of Ensu
Slide 30: Thank You
Thank You Isgec Heavy Engineering Limited, INDIA chatnani@Isgec.com | www.isgec.com Registered Office Radaur Road, Yamunanagar - 135001, Haryana, India CIN No.: L23423HR1933PLC000097 For more information contact: Ernst & Young LLP Rohit Anand I Riddhant Kapur rohit.anand4@in.ey.com I riddhant.kapur@
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