Bharat Wire Ropes Ltd. · NSE:BHARATWIRE
Bharat Wire Ropes — Q2 FY2025 Earnings Presentation
21 slides from Bharat Wire Ropes's earnings presentation, Nov 14, 2024
Slide 1: Regulation 30 Investor Presentation Filing Letter
Ref.: BWRL/2024-25/SE/Misc./19 Date: 14th November, 2024 To, National Stock Exchange of India Ltd. BSE Limited Exchange Plaza, C-1, Block G, Phiroze Jeejeebhoy Towers, Bandra Kurla Complex, Dalal Street, Bandra (E), Mumbai – 400 051. Mumbai – 400 001. NSE Symbol: BHARATWIRE BSE Scrip Code: 539799 De
Slide 2: Q2/H1-FY25 Earnings Presentation
Q2/H1-FY25 Earnings Presentation Bharat Wire Ropes Ltd. “Engineering Excellence”
Slide 3: Company Snapshot
Company Snapshot One of the largest manufacturer of Manufacturing capability of Steel Wires, Steel Wire Ropes in India Strands, Slings and Wire Ropes with over thousands of varieties Management with combined Integrated state-of-the-art wire rope plants experience of over three decades with a Total M
Slide 4: Key Drivers for Bottomline
Key Drivers for Bottomline Optimization Of Focus on Value Major Costs Added products Reduction in Debt, Interest & Debottlenecking Improved Capacities Liquidity Wider Improved geographical acceptability of penetration BWR products 3
Slide 5: Company Overview
Company Overview • Bharat Wire Ropes Limited (“BWR”) was originally incorporated in the year 1986, and later in 2010, it Revenues (INR Mn) and EBITDA Margins (%) was acquired by Mr. M L Mittal, current promoter and managing director. The company is headquartered in Mumbai, Maharashtra. 6,218 5,891 •
Slide 6: Product Mix
Product Mix Wire Ropes Strands Slings Steel Wire 6-100 MM of various Mechanically Spliced, Hand High carbon steel wires Description Stay Wire, Structural ranging from 0.3mm to 5.5 construction like 6*19, Spliced, Spelter Sockets and 6*36, 8*19, 35*7 etc. Strands and Earth Wire mm upto 2,360 N/mm^2 S
Slide 7: Applications
Applications Oil & Gas Cranes Mining Offshore Marine Elevator Structural Ship Mooring Roof Structure Ropes Industrial Cranes Speed Arresters Transmission Tower Industrial Cranes Offshore Cranes Suspension Bridge Ropes Elevator Ropes Dragline Drag & Hoist Trawl Warps Mobile Lattice Boom Cranes 6
Slide 8: Product Presence in 55+ countries across the Globe
Product Presence in 55+ countries across the Globe Europe Finland Denmark Estonia Canada Poland UK Germany Ukraine Netherland Belgium Bulgaria North America Italy USA Turkey Azerbaijan Spain Nepal Kuwait Egypt Qatar Bangladesh Saudi UAE Asia Oman India Thailand Arabia Africa Singapore Uganda Indones
Slide 9: Strategic Overview
Strategic Overview Catering to a wider customer base on account of its diversified product offering 4 Industrial Promotion Subsidy equivalent to 100% of eligible Efforts been made to focus on productivity and occupy the investments as per SGST for a maximum of INR 4,350 Mn, of maximum number of mach
Slide 10: Financial Overview
Financial Overview
Slide 11: Key Financial & Operational Highlights
Key Financial & Operational Highlights Q4-FY21 Financial Q2-FY25 FinancialPerformance Performance Revenue from Operational Highlights: Operations EBITDA EBITDA Margins INR 1,522 Mn INR 336 Mn 22.08% (4.3)% YoY (19.0)% YoY (400)Bps • Geopolitical disturbances in Red Sea continued to affect supply cha
Slide 12: Key Operational Highlights – Q2-FY25
Key Operational Highlights – Q2-FY25 Volume (In MT) Operational Revenue (INR Mn) 3.6% 1,591 10,978 1,522 10,592 Q2-FY24 Q2-FY25 Q2-FY24 Q2-FY25 EBITDA (INR Mn) & EBITDA Margin (%) PAT (INR Mn) & PAT Margins (%) 415 336 244 189 26.08% 22.08% 15.34% 12.42% Q2-FY24 Q2-FY25 Q2-FY24 Q2-FY25 11
Slide 13: Key Operational Highlights – H1-FY25
Key Operational Highlights – H1-FY25 Volume (In MT) Operational Revenue (INR Mn) 20,908 20,129 3,175 2,857 H1-FY24 H1-FY25 H1-FY24 H1-FY25 EBITDA (INR Mn) & EBITDA Margin (%) PAT (INR Mn) & PAT Margins (%) 828 663 482 369 26.08% 23.21% 15.18% 12.92% H1-FY24 H1-FY25 H1-FY24 H1-FY25 12
Slide 14: Quarterly Financial Performance
Quarterly Financial Performance Particulars (INR Mn) Q2-FY25 Q2-FY24 Y-o-Y Q1-FY25 Q-o-Q Revenue from Operations 1,522 1,591 (4.3)% 1,335 14.0% Total Expenses 1,186 1,176 0.9% 1,010 17.4% EBIDTA 336 415 (19.0)% 325 3.4% EBIDTA Margins (%) 22.08% 26.08% (400) Bps 24.34% (226) Bps Depreciation and amo
Slide 15: YTD Financial Performance
YTD Financial Performance Particulars (INR Mn) H1-FY25 H1-FY24 Y-o-Y Revenue from Operations 2,857 3,175 (10.0)% Total Expenses 2,194 2,347 (6.5)% EBIDTA 663 828 (19.9)% EBIDTA Margins (%) 23.21% 26.08% (287) Bps Depreciation and amortisation expenses 108 106 1.9% Finance costs 61 77 (20.8)% Other I
Slide 16: Historical Income Statement
Historical Income Statement Particulars (INR Mn) H1-FY25 FY24 FY23 FY22 Revenue from Operations 2,857 6,218 5,891 4,107 Total Expenses 2,194 4,577 4,503 3,486 EBIDTA 663 1,641 1,388 621 EBIDTA Margins (%) 23.21% 26.39% 23.56% 15.12% Depreciation and amortisation expenses 108 212 207 214 Finance cost
Slide 17: Historical Balance Sheet
Historical Balance Sheet Particulars (INR Mn) H1-FY25 FY24 FY23 Particulars (INR Mn) H1-FY25 FY24 FY23 Equity 7,002 6,606 5,602 Non-Current Assets 4,933 4,842 5,069 (a) Equity Share Capital 684 680 679 (a) Property, Plant and Equipment 4,746 4,750 4,809 (b) Other Equity 6,318 5,926 4,923 (b) Capital
Slide 18: Financial Highlights
Financial Highlights Operational Revenue (INR Mn) EBITDA (INR Mn) & EBITDA Margin (%) PAT (INR Mn) & PAT Margins (%) 962 6,218 1,641 5,891 1,388 4,107 622 15.47% 12.92% 2,857 10.56% 621 23.56% 26.39% 663 369 15.12% 23.21% 137 3.34% FY22 FY23 FY24 H1-FY25 FY22 FY23 FY24 H1-FY25 FY22 FY23 FY24 H1-FY25
Slide 19: Capital Market Data
Capital Market Data Stock Price (As on 30th September, 2024) 60% BWR SENSEX 50% 40% 30% 20% 10% 0% -10% -20% Oct-2023 Nov-2023 Dec-2023 Jan-2024 Feb-2024 Mar-2024 Apr-2024 May-2024 Jun-2024 Jul-2024 Aug-2024 Sep-2024 Price Data (As on 30th September, 2024) INR Shareholding Pattern (As on 30th Septem
Slide 20: Disclaimer
Disclaimer No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Such information and opinions are in all events not current after the d
Slide 21: Thank You
Thank You