John Cockerill India Limited · BSE:COCKERILL
John Cockerill India — Q2 CY2025 Earnings Presentation
43 slides from John Cockerill India's earnings presentation, July 2025
Slide 1: John Cockerill India Limited Investor Presentation – July 2025
John Cockerill India Limited Investor Presentation – July 2025 Revolutionising the Steel Industry…
Slide 2: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by John Cockerill India Limited (the “Company” / “JCIL”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe
Slide 3: Executive Summary
Executive Summary John Cockerill develops large scale industrial solutions with expertise in Designing, Integration, Maintenance and Upgrading equipment • Expertise across – industry, Defense, Energy solutions, Hydrogen and Maintenance services Overview JCIL is John Cockerill Industry’s Indian hub a
Slide 4: About Us
About Us ENGINEERING | DESIGN | MANUFACTURING | ERECTION & COMMISSIONING | AFTER SALES
Slide 5: Group Overview
Group Overview 200+ years of Experience Headquartered in Seraing (BE), a Belgian based privately-owned industrial group Areas of Expertise Industry Defense Energy Solutions Metallurgic expert and Technology Technological leader in Diversified & combinable partner to major industrial companies multif
Slide 6: Industry Segment Portfolio
Industry Segment Portfolio Global Industry Segment Portfolio Metals Surface Treatment Metals Business Portfolio Processing and Rolling Iron and Steel Making Technology Services and Energy Efficiency A trusted global supplier of sustainable & high-performance solutions for the steelmaking industry 6
Slide 7: John Cockerill - Metals Business
John Cockerill - Metals Business Processing & Rolling 01* Metals Business • Product portfolio for both, carbon and silicon steel • Processing, coating & pickling lines, cold rolling mill, acid regeneration plant, etc. Iron & Steel Making Technology 02 # Operating out of 4 regions (North America, Ser
Slide 8: Key Products
Key Products 01 Processing & Rolling 02 Iron & Steel Making Technology 03 Services & Energy Efficiency • Largely Focused on Downstream • Largely Focused on Upstream Steel • Key focus on revamping existing steel Steel Manufacturing Processes Manufacturing Processes plants • Key Products includes • Vo
Slide 9: Portfolio Focused on Downstream Steel Processes
Portfolio Focused on Downstream Steel Processes Carbon Steel Silicon Steel JC Metals portfolio Continuous Casting Continuous Casting JC Premium/Innovation Technology Slabs Reheat Furnace JC Premium Technology included (*) HOT ROLLNG Reheat Furnace Mini Mill HSM - Hot Strip Mill HSM - Hot Strip Mill
Slide 10: Revolutionary Technology - Jet Vapor Deposition (JVD)
Revolutionary Technology - Jet Vapor Deposition (JVD)* A breakthrough and Innovative Technology on Zinc Coating Process in downstream steel making process An advanced coating process that vaporizes zinc in a vacuum and deposits it onto steel at sonic speeds, creating a uniform, adaptable coating. Ke
Slide 11: Roadmap to Enter Upstream Steel Process
Roadmap to Enter Upstream Steel Process Conventional Routes New Routes Upstream expansion roadmap BF-BOF Scrap-EAF DRI-EAF H2 DRI-EAF Electrolysis iron ore gas H2 JC Premium / Innovation Tech RAW MATERIALS coal iron ore limestone scrap steel electricity limestone iron ore limestone hydrogen iron ore
Slide 12: Volteron
VolteronTM Innovative electrochemical process revolutionising upstream steelmaking - VolteronTM - co-developed by John Cockerill and ArcelorMittal Innovative Process New Technology Platform A first of its kind carbon-free iron extraction and steel The iron plates are processed into steel in an elect
Slide 13: Steel Sector Outlook
Steel Sector Outlook ENGINEERING | DESIGN | MANUFACTURING | ERECTION & COMMISSIONING | AFTER SALES
Slide 14: Global trends: Steel Demand Outlook
Steel Demand Outlook • Modest growth expected in the global steel demand, mainly driven by infrastructure projects in developing economies. Steel market : regional context • Three megatrends are likely to play a crucial role in the steel sector’s transition pathway to reach net-zero emissions: drivi
Slide 15: Opportunities in India
Opportunities in India Growing demand for steel Policy support o 100% Foreign Direct Investment, hike in export duty on iron ore, etc. are supportive policies. India’s competitiveness Capacity expansions & revamping o Ministry of Steel has set targets to of older capacities reduce carbon emissions b
Slide 16: JCIL and its Growth Strategy
JCIL and its Growth Strategy ENGINEERING | DESIGN | MANUFACTURING | ERECTION & COMMISSIONING | AFTER SALES
Slide 17: John Cockerill India Limited (JCIL)
John Cockerill India Limited (JCIL) Background History / Timelines 1 JCIL is John Cockerill Industry’s Indian hub and center of excellence for cold rolling mill complexes. 1986 Incorporation Incorporated as Flat Product JCIL is a global leader in the conception, manufacture, and Equipments (India) L
Slide 18: Manufacturing Sites in India
Manufacturing Sites in India Taloja Hedavali Centre of Excellence for Manufacturing of Cold Rolling Mills with Fabrication, Sandblasting and painting facility Spread across quality norms Spread across 25,000 sq. mt. 1,00,000+ sq. mt. Machining Capacity of 1,800 Assembly Capacity of 1,500 products Fa
Slide 19: JCIL Development Plan in India
JCIL Development Plan in India A pivotal step toward bolstering operational capacity, mitigating challenges posed by seasonal conditions and enhancing long-term productivity Shed Expansion – Taloja Increase in production capacity • The addition of 24 assembly stations under a permanent shed will 01
Slide 20: Rolls Coating services – Augmenting JCIL's After-Sale Capabilities
Rolls Coating services – Augmenting JCIL’s After-Sale Capabilities JCIL partners with Advanced Coatings SA to provide high-performance Rolls Coating services in India Advanced Coatings SA (“AC”) Offers Thermal Spray, Grinding and Finishing services to Steel and Aerospace industries Single, State-of-
Slide 21: Growth Drivers
Growth Drivers Innovation & Technology To move from conventional steel manufacturing processes to new routes for better efficiencies (e.g. JVD, Volteron) Market shift Business becomes more regional with local footprint required and effective cost structure Steel Decarbonisation Setting up of new pro
Slide 22: Business Strategy
Business Strategy Establishing a portfolio of technologies in Establish a market relevant portfolio of technologies in green steel, high strength steel and become a 1 steelmaking global Tier 1 steelmaking solutions provider Foray into upstream steel making processes with focus on decarbonization by
Slide 23: Way Forward - Action Plan
Way Forward - Action Plan New technology and enhancing manufacturing Becoming a trustable partner to develop world class steel plant in partnership with a steel maker and showcase the innovation technologies developed/acquired by John Cockerill. Revamping and strengthening customer services Increase
Slide 24: Key Management Personnel
Key Management Personnel Mr. Francois-David MARTINO Mr. Michael KOTAS Mr. Marc DUMONT Mr. Haresh VALA Chairman Managing Director Chief Financial Officer Company Secretary 25+ years of international management 20+ years of international business 25+ years of finance experience in mfg. & Qualified CS
Slide 25: Board of Directors
Board of Directors Mr. Francois-David MARTINO Mr. Michael KOTAS Mr. Vivek BHIDE Mr. Frederic LEMAITRE Chairman Managing Director Non-Executive Director Non-Executive Director 25+ years of international management 20+ years of international business 30+ years of international 25+ years of experience
Slide 26: Global Recognition and Industry Leadership
Global Recognition and Industry Leadership Her Highness Princess Astrid of Belgium visits JCIL’s Taloja facility A highlight of the year was the Royal visit by Her Highness Princess Astrid of Belgium to our Taloja facility—a proud moment that reinforced the global relevance of our Indian operations
Slide 27: Financial Performance
Financial Performance ENGINEERING | DESIGN | MANUFACTURING | ERECTION & COMMISSIONING | AFTER SALES
Slide 28: Chairman's Message
Chairman's Message Commenting on the Q2CY25 performance, Mr. Francois-David MARTINO – Chairman said, “Steel producers in India faced a double whammy last year. While global geopolitical volatility and domestic election period slowdown impacted demand, influx of low-cost supply from China hurt their
Slide 29: Profit and Loss Statement – Quarter-on-Quarter Evolution
Profit and Loss Statement – Quarter-on-Quarter Evolution 1,471 ❖ Revenue over the past year impacted by delays in capex announcements by steel Revenue (INR mn) manufacturers due to hit on their profitability 933 760 723 764 821 and macroeconomic volatility. ❖ Steel prices dropped to unsustainably lo
Slide 30: Q2CY25 Financial Highlights
Q2CY25 Financial Highlights Revenue (INR Mn) EBITDA (INR Mn) PAT (INR Mn) Key Highlights ❖ Following signs of stabilization last 933 19 17 quarter, the business environment has 821 764 continued to improve, offering encouraging momentum. The 6 sequential growth in revenue reflects this positive tren
Slide 31: Profit and Loss Statement – Q2CY25
Profit and Loss Statement – Q2CY25 Particulars (INR Mn) Q2CY25 Q2CY24 Y-o-Y * Q1CY25 Q-o-Q * Revenue from Operations 821.2 932.9 -12.0% 764.2 7.4% Raw Material Cost 426.6 545.5 388.7 Material Margin 394.5 387.4 1.8% 375.5 5.1% Material Margin (%) 48.0% 41.5% 650 bps 49.1% -110 bps Employee Cost 185.
Slide 32: Balance Sheet – June 2025
Balance Sheet – June 2025 ASSETS (INR Mn) Jun-25 Dec-24 EQUITY AND LIABILITIES (INR Mn) Jun-25 Dec-24 Non-Current Assets Shareholders' Funds Property, Plant and Equipment 456.8 474.0 Share Capital 49.4 49.4 Capital WIP 58.7 47.9 Reserves & Surplus 1,976.0 1,962.1 Investment Properties 44.3 44.9 Tota
Slide 33: Abridged Cash Flow Statement – H1CY25
Abridged Cash Flow Statement – H1CY25 Cash Flow Statement (INR Mn) H1CY25 H1CY24 Profit/(Loss) Before Tax 13.0 47.0 Adjustments for Non-Cash and Non-Operational Expenses / (Incomes) -0.7 1.0 Operating Profit / (Loss) Before Working Capital Changes 12.2 48.0 Changes in Working Capital 541.1 -572.0 Ca
Slide 34: ESG
ESG ENGINEERING | DESIGN | MANUFACTURING | ERECTION & COMMISSIONING | AFTER SALES
Slide 35: Environment Social Governance (ESG) 1/2
Environment Social Governance (ESG) 1/2 Promoting sustainable downstream Promoting sustainable upstream processes processes This technology requires low energy consumption and fastens the Technologies like - Direct Reduced Iron (DRI) using production by 2x times, thus resulting in lower CO2 emission
Slide 36: Environment Social Governance (ESG) 2/2
Environment Social Governance (ESG) 2/2 JCIL is actively implementing energy conservation measures, such as upgrading equipment and Commitment to optimizing factory operations. These initiatives aim to reduce reliance on non-renewable energy and Renewable improve environmental sustainability. Energy
Slide 37: Historical Performance
Historical Performance ENGINEERING | DESIGN | MANUFACTURING | ERECTION & COMMISSIONING | AFTER SALES
Slide 38: Profit and Loss Statement
Profit and Loss Statement Profit and Loss Statement (INR Mn) CY24 9M ended Dec-23 * FY23 FY22 Revenue from Operations 3,887.3 6,666.3 4,837.0 3,827.8 Raw Material Cost 2,446.8 4,976.2 3,320.3 2,674.1 Material Margin 1,440.5 1,690.0 1,516.7 1,153.7 Material Margin (%) 37.1% 25.4% 31.4% 30.1% Employee
Slide 39: Balance Sheet
Balance Sheet ASSETS (INR Mn) Dec-24 Dec-23 Mar-23 Mar-22 EQUITY AND LIABILITIES (INR Mn) Dec-24 Dec-23 Mar-23 Mar-22 Non-Current Assets Shareholders' Funds Property, Plant and Equipment 474.0 489.1 469.2 484.0 Share Capital 49.4 49.4 49.4 49.4 Capital WIP 47.9 7.2 15.5 6.6 Reserves & Surplus 1,962.
Slide 40: Abridged Cash Flow Statement
Abridged Cash Flow Statement 9M ended Abridged Cash Flow Statement (INR Mn) CY24 FY23 FY22 Dec-23* Profit/(Loss) Before Tax -71.7 260.7 161.8 44.3 Adjustments for Non-Cash and Non-Operational Expenses / (Incomes) 49.4 16.0 -59.5 -22.6 Operating Profit / (Loss) Before Working Capital Changes -22.3 27
Slide 41: Historical Performance
Historical Performance Revenue (INR Mn) EBITDA (INR Mn) Profit Before Tax (INR Mn) 6,666 261 261 4,837 162 3,828 3,887 95 66 44 FY22 FY23 9M ended CY24 -38 -72 Dec-23* FY22 FY23 9M ended CY24 FY22 FY23 9M ended CY24 Dec-23* Dec-23* Material Margin (%) EBITDA Margin (%) Profit After Tax (INR Mn) 37.1
Slide 42: Key Ratios
Key Ratios Working Capital Days Return on Assets (%) Dividend Payout (%) 41 2.6% 21% 2.2% 19% 16% 1.2% -5 -24 0% -56 -0.8% FY22 FY23 9M ended CY24 FY22 FY23 9M ended CY24 FY22 FY23 9M ended CY24 Dec-23* Dec-23* Dec-23* Return on Capital Employed (%) Return on Equity (%) Return on Invested Capital (%
Slide 43: Thank You..
Thank You.. For more information, please contact Company: Investor Relations Advisor: John Cockerill India Limited Strategic Growth Advisors Pvt. Ltd. CIN - L99999MH1986PLC039921 CIN - U74140MH2010PTC204285 Mr. Haresh Vala Mr. Sagar Shroff / Mr. Tanay Shah haresh.vala@johncockerill.com sagar.shroff@
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