Pitti Engineering Ltd. · NSE:PITTIENG
Pitti Engineering — Q1 FY23 Earnings Presentation
26 slides from Pitti Engineering's earnings presentation, Aug 10, 2022
Slide 1: Outcome of Board Meeting
.0 PITTI Pitti Engineering Limited Pitti Engineering Limited (Formerty Pitti (Formerly IS0 Pitti Laminations lS0 9001.2015 Laminations Limited] 9001:2015 IlS0 www.pitti.in www.pitti.in S0 14001-2015 Limitedl 14001:2015 PITTI 10« August 2022 10fr August 2022 To, To, To, To, BSE BSE Ltd National Natio
Slide 2: Annexure-1: Appointment of Talati & Talati LLP as Statutory Auditors
.o .s PITTI Pitti Engineering Engineering Limited Limited lFormerly Pitti [Formerly IS0 Pitti Laminations lS0 9001-2015 Laminations Limited] 9001:2015 IS0 www.pitti.in www.pitti.in lS0 14001-2015 Limitedl 12,001:2015 PITTI Annexure-1 Annexure-1 Appointment of Appointment of Talati Talati &Talati &Ta
Slide 3: Independent Auditor's Review Report on Standalone Results
C' LaxminiwasCo Laxminiwas& chartered \A'- Co accountants chartered accountants INDEPENDENT AUDITOR'S INDEPENDENT AUDITOR'S REVIEW REVIEW REPORT ON REVIEW REPORT ON REVIEW OF OF INTERIM INTERIM FINANCIALS FINANCIALS RESULTS RESULTS OF OF PITTI PITTI ENGINEERING PITII ENGINEERING LIMITED PURSUANT TO
Slide 4: 1 t -{ur., &e' d
Based Based onon our our review review conducted conducted asas above, nothing has above, nothing has come come toto our our attention attenhon that that causes causes us us to to believe believe that that the accompanying statement the accompanying statement ofof unaudited unaudited financial finan
Slide 5: Statement of Un-Audited Standalone Financial Results
' .0 rl-, p',ff PITTI ,- PITTI ENGINEERING LIMITED :*-INEERING r.rMrrEo (Formerly Pitti Laminations Limited) Laminations limited) Statement of Un-Audited Standalone Standalone Financial Results for Financial Results for the the Quarter euarter ended ended 30th 3oth June June 2022 2022 «{ inin lakhs
Slide 6: Notes to the financial results
Notes Notes to the the financial tinangial results: results: 1 The financial results for the quarter ended 30th June 2022 has been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on 10th August 2022. 2022. 2 The financial results have been pre
Slide 7: Independent Auditor's Review Report on Consolidated Results
0. LaxminiwasCo chartered accountants "l"*x.*:*jyas$r9o INDEPENDENT INDEPENDENT AUDITOR'S AUDITOR'S REVIEW REVIEW REPORT REPORT ON ON THE THE UNAUDITED UNAUDITED CONSOLIDATED QUARTERLY FINANCIAL QUARTERLY FINANCIAL RESULTS RESULTS OF OF PITTI PITTI ENGINEERING ENGINEERING LIMITED PURSUANT PURSUANT T
Slide 8: us to tl-rat causes causes us
Based Based ono1 our our review review conducted conducted as as above, above, nothing has has come come to our our attention that tl-rat causes causes us us to believe believe that that the accompanying statement the accompanying statement of of unaudited unaudited financial results prepared in acc
Slide 9: Statement of Un-Audited Consolidated Financial Results
.0 PITTI ENGINEERING LIMITED PITTI ENGINEERING LIMITED PITTI Pitti Laminations (Formerly Pitti Laminations Limited) Statement of of Un-Audited Un'Audited Consolidated Consolidated Financial Results for tor the the Quarter euarter ended ende d 30.06.2022 FinancialResults 30.06.2022 « in lakhs SI.No.
Slide 10: Notes
Notes Notes to to the the financial linan.ial results: results: 1 The financial results for the quarter ended 30th June 2022 has been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on 10th August 2022. 2022. 2 The The consolidated consolidate
Slide 11: Pitti Engineering Limited Q1 FY23
.0 PITTI Pitti Engineering Limited INVESTOR PRESENTATION Q1 - FY 23
Slide 12: Disclaimer
.0 Disclaimer PITTI .0 This presentation has been prepared by the Company based on information and data which the Company considers reliable, but the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fa
Slide 13: Quarterly highlights
.0 .0 PITTI Quarterly highlights Highest ever quarterly revenue of ₹ 311.06 Crores in Q1FY23 - up by 76.90% on YoY basis PAT ₹ 11.71 Crores - up by 59.10% on YoY basis Commenced commercial supplies to Automotive industry PITTI ENGENEERING LIMITED 3
Slide 14: Key performance indicators
.0 .0 Key performance indicators PITTI (₹ in Cr) Particulars Revenue EBITDA PAT .·" %" %" -i-, II Q1FY23 Q1FY22 311.06 175.84 35.45 27.95 11.71 7.36 "· a a ·",", .·• .·•,, a Year-on-Year 76.90% 26.83% 59.10% a»a a»a • ·· ·.° Q1FY21* 62.09 2.08 (9.78) •• •• •• •• • •• •• •• • • * During Q1FY21, the C
Slide 15: Key performance indicators
.0 Key performance indicators .0 PITTI Revenue EBITDA PAT Cash Generation EPS (₹ in Cr) (₹ in Cr) (₹ in Cr) (₹ in Cr) (₹) ■ FY21 ■ FY22 ■ FY23 ■ FY21 ■ FY22 ■ FY23 ■ FY21 ■ FY22 ■ FY23 ■ FY21 ■ FY22 ■ FY23 ■ FY21 ■ FY22 ■ FY23 35.45 3.65 11.71 21.99 311.06 2.29 27.95 7.36 16.19 175.84 II 62.09 2.08
Slide 16: Performance snapshot
.0 Performance snapshot .0 PITTI (₹ in Cr) Particulars Q1 FY23 Q1 FY22 YoY change Q1 FY 21* Revenue from operations 310.54 175.38 77.07% 61.55 Other income 0.52 0.46 13.04% 0.53 Total Income 311.06 175.84 76.90% 62.08 Raw material consumed 231.39 115.09 101.50% 40.93 Employee costs 21.39 17.96 19.10
Slide 17: Performance snapshot
Performance snapshot .0 PITTI (₹ in Cr) Particulars Q1 FY23 Q1 FY22 YoY change Q1 FY 21* EBITDA 35.45 27.95 26.83% 2.09 Other income 0.52 0.46 13.04% 0.53 Finance costs 10.70 9.25 15.68% 6.51 Depreciation and amortisation 10.28 8.98 14.48% 6.90 Tax expenses 3.28 2.82 16.31% (1.01) PAT 11.71 7.36 59.
Slide 18: Operational highlights
.0 Operational highlights PITTI .0 Annual Capacity as at the quarter end Q1 FY 23 Q1 FY 22 YoY Change Q1 FY 21* Sheet Metal – MTs 50,200 39,600 26.76% 36,000 Machining - Hours 4,03,200 3,62,800 11.13% 2,47,600 Capacity utilisation for the quarter Sheet Metal 73.62% 61.13% 26.70% Machining 79.10% 90.
Slide 19: End-user application revenue breakup
End- End-user application revenue breakup .0 PITTI Q1 - FY 23 Q1 - FY 22 ■ Appliances & ■ Automotive ■ Appliances & Automotive Consumer 0.14% Consumer 0.0% 0.5% 1.3% Mining, Oil Mining, & Ga5 Oil & Ga5 Oil & Ga° Mining, Oil Mining, Ga° 7.3% 7.3% 7.0% Power Generation 12.8% Power Generation 14.7% PIT
Slide 20: End-user application revenue breakup
End- End-user application revenue breakup PITTI .0 (₹ in Cr) Q1 FY 23 Q1 FY 22 % of % of Applications Revenue Revenue Revenue Revenue Appliances & Consumer Durables 1.44 0.46% 2.37 1.35% Automotive 1.26 0.41% - - Data Centre Backup Power System 5.55 1.78% 2.02 1.15% Industrial & Commercial Motors 46
Slide 21: Corporate overview
.0 .0 PITTI Corporate overview PITTI ENGENEERING LIMITED 11
Slide 22: Delivering engineering excellence
.0 Delivering PITTI .0 engineering excellence One of the One of the As one of the leading engineering companies, we are focused on Manufacturers and exporters of of assemblies for large electrical laminations in India alternators and motors in India manufacturing value- added and assembled component
Slide 23: Focused on the long-term
.0 Focused on the long- long-term PITTI .0 Financial Operational Sustainable 20.51% 3 Vertically integrated *5-year CAGR Revenue State-of-the-art manufacturing plants Manufacturing process 19.43% 11 Diverse *5-year CAGR EBITDA Countries of export presence Product portfolio catering to several downst
Slide 24: Industries we serve
.0 Industries we serve PITTI s {AS {AS c. c. t t etot E etot E ........ ----ii nn «fee Appliances Cement Construction Data Centres DG sets Electrical vehicle motor Freight rail m m s w f f Hydro generations Lift irrigations Medical equipment Minning Mass urban transport Other industries Oxygen plant
Slide 25: Serving leading brands
Serving leading brands PITTI .0 RAP RAP I IA I IA ANRTL ANRTL @@ sharat @@ sharat Bilee Bilee CATERPILLAR Smart solutions Smart solutions Strong relationships Strong relationships € 1§ 1§ ,Mf-MHPS (fi)L&T ,Mf-MHPS Marathon MEDHA MEDHA MOOG ra $ MrsuBISHI ra ii~Cf~ Changes for Changes for the Better
Slide 26: Contact us
.0 Contact us PITTI .0 For further information visit www.pitti.in PITTI ENGINEERING LIMITED Mr. CS Rama Naidu (Formerly Pitti Laminations Limited) Intellect PR 6-3-648/401, 4th Floor, Padmaja Landmark, Mobile: +91 99202 09623 Somajiguda Hyderabad 500082. Telangana , India. Email: rama@intellectpr.co