Bharat Wire Ropes Ltd. · NSE:BHARATWIRE
Bharat Wire Ropes — Investor Presentation (March 2023)
28 slides from Bharat Wire Ropes's investor presentation, Mar 10, 2023
Slide 1: Regulation 30 – Investor Presentation filing letter
Ref.: BWRL/2022-23/SE/Misc./33 Date: 10th March, 2023 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 Dear
Slide 2: 1
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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: Company Overview
Company Overview
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. 4,107 4,267 •
Slide 6: Board of Directors
Board of Directors Mr. Sanjiv Swarup (Chairman & Non-Executive Independent Director): Mr. Sushil Sharda (Director and Head of Finance): He has been associated with the Company since 2010. He holds a degree of He holds a degree in Bachelor of Commerce from the University of Calcutta and a Bachelor of
Slide 7: Key Management Personnel
Key Management Personnel Mr. Mahender Singh Arora (CEO): He possesses an overall industry experience of 27 years. He holds a degree in Bachelors of Engineering from NIT, Bhopal, and has held executive positions with leading multinational companies spread over diverse sectors. He has been instrumenta
Slide 8: Key Milestones
Key Milestones Equity of INR 10 crores raised from Passionate 2021, debt restructuring Commencement of Investment Management completed the manufacturing Raised INR 70 April 2022, credit rating from Pvt. Ltd. backed by facility at Atgaon, crores through CARE upgraded to Raamdeo Agarawal and Thane, Mu
Slide 9: Exporting to 50+ countries across the Globe
Exporting to 50+ countries across the Globe Europe Finland Denmark Estonia Canada P oland UK Germany Ukraine Netherland Belgium Bulgaria North America Italy USA Turkey Azerbaijan Spain Nepal K uwait Egypt Q atar Bangladesh Saudi UAE Asia O man India Thailand Arabia Africa Singapore Uganda Indonesia
Slide 10: Awards, Approvals, Accreditations and Certifications
Awards, Approvals, Accreditations and Certifications British Standard TUV (Quality SUD (Quality ISO 9001:2015 Institute and ANSI Management) Management) – ASQ National Accreditation Board EepcIndia 51st Export Awards Excellent Export performance Highest growth in Exports (2019) ISO 14001:2015 ISO 45
Slide 11: Business Overview
Business Overview
Slide 12: Product Mix
Product Mix Wire Ropes Strands Slings Steel Wire 6-90 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 Sw
Slide 13: 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 12
Slide 14: Manufacturing Facility – Chalisgaon, Maharashtra
Manufacturing Facility – Chalisgaon, Maharashtra Commercialized in 2018 for an initial investment of approx. INR 5,500 Mn The highest tensile range covered is 2,360 N/mm^2 The patenting and Galvanizing furnace is a state-of-art 66,000 MTPA installed capacity facility covering a range of 0.90mm-12.0m
Slide 15: Products
Products Wire Ropes • A wire rope is a mechanical device made up of parts that work together to move, support a load and/or an object. • BWR is one of the largest manufacturers & exporter of high-quality wire ropes, that continues to create discernible value for Indian & Global clientele. • Steel Wi
Slide 16: Products
Products Strands • Strands can be galvanized steel wire strands, finding varied applications in the electrical industry in the form of stay wires; they also come in highly durable, pre- stretched varieties that are used for building small and large structures. • Earth Wires are a type of strand that
Slide 17: Strategic Overview
Strategic Overview
Slide 18: Debt Restructuring
Debt Restructuring • BWR initiated a greenfield capacity expansion plan at MIDC, Chalisgaon in 2014, for approx INR 4,900 Mn funded by Bank Loans of INR 3,300 Mn and rest from IPO proceeds of INR 700 Mn, promoters equity and internal accruals. • The project was commercialized in March 2018, but the
Slide 19: Strategic Overview
Strategic Overview Catering to a wider customer base on account of its diversified product offering 1 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 20: Industry Overview
Industry Overview
Slide 21: Industry Overview
Industry Overview • The Global Steel Wire Rope market is expected to grow at a CAGR of 6.0% from USD 93.2 Bn in 2020 to USD 124.7 Bn in 2025. Europe is expected to be the fastest growing end-use industry in steel wire market. • The Global Steel Wire Rope Industry is significantly being led by the As
Slide 22: Financial Overview
Financial Overview
Slide 23: Historical Income Statement
Historical Income Statement Particulars (INR Mn) 9M-FY23 FY22 FY21 FY20 Revenue from Operations 4,267 4,107 2,502 2,577 Total Expenses 3,337 3,485 2,177 2,287 EBIDTA 930 622 325 290 EBIDTA Margins (%) 21.80% 15.14% 12.99% 11.25% Depreciation and amortisation expenses 154 214 217 218 Finance costs 16
Slide 24: Historical Balance Sheet
Historical Balance Sheet Particulars (INR Mn) H1-FY23 FY22 FY21 Particulars (INR Mn) H1-FY23 FY22 FY21 Equity 4,807 4,517 4,351 Non-Current Assets 5,423 5,583 5,784 (a) Equity Share Capital 644 638 626 (a) Property, Plant and Equipment 4,816 4,915 5,126 (b) Other Equity 4,163 3,879 3,725 (b) Capital
Slide 25: Financial Highlights
Financial Highlights Operational Revenue (INR Mn) EBITDA (INR Mn) & EBITDA Margin (%) PAT (INR Mn) & PAT Margins (%) 463 930 4,267 10.85% 4,107 137 622 3.34% 2,577 2,502 21.80% FY20 FY21 FY22 9M-FY23 325 -6.71% 290 -168 15.14% 12.99% 11.25% -23.67% -610 FY20 FY21 FY22 9M-FY23 FY20 FY21 FY22 9M-FY23
Slide 26: Capital Market Data
Capital Market Data 150% Stock Price (Upto 31st December, 2022) 130% 110% 90% 70% 50% 30% 10% -10% -30% -50% Jan-2022 Feb-2022 Mar-2022 Apr-2022 May-2022 Jun-2022 Jul-2022 Aug-2022 Sep-2022 Oct-2022 Nov-2022 Dec-2022 BWR NSE Price Data (As on 31st December, 2022) INR Shareholding Pattern (As on 31 s
Slide 27: 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 28: Thank You
Thank You
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