Slide 1: Covering letter to stock exchanges
AZA D cs/rP- Q4 (2023-24) ^N Date: 21.', Mry, 2024 i m , lo, : To, i The Listing Department The Listing Department i BSE Limited National Stock Exchange of India Ltd. i Department of Corporate Affairs ExchangePlaza, Plot No. C/L, G Block i Phiro ze lee)eebhoy Towers Bandra-Kurla Complex, i Dalal Str
Slide 2: Azad Engineering Limited Investor Presentation May 2024
Azad Engineering Limited Investor Presentation May 2024
Slide 3: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Azad 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 any secu
Slide 4: Year gone by
eee eee Year gone by azap
Slide 5: FY24 - Highest ever performance
FY24 - Highest ever performance Rs. 3,408 Mn 1,166 Mn Rs. 586 Mn Rs. 35% 34% margin I 61% 17% margin I 589%; 6.9x FY23 PAT Revenue Reported EBITDA PAT (Rs. Mn) Energy & Oil & Gas Aerospace & Defence Other operating Revenues Revenues Revenues* Growth momentum 30% building across 2,846 95% 22% segm
Slide 6: Performance Highlights
Performance Highlights “FY24 has been a milestone year for Azad Engineering on account of our listing, offtake of our Aerospace & Defence Segment and major order wins Rakesh Chopdar across segments. We delivered our best-ever performance in FY24 with a topline of ~Rs. 3,400 Mn with 34% EBITDA margin
Slide 7: Revenue Mix
Revenue Mix (Rs. Mn) FY24 FY23 YoY Q4FY24 Q4FY23 YoY Revenue from operations Energy and Oil & Gas 2,846.1 2,190.8 30% 712.0 688.4 3% ▪ Energy and Oil & Gas segment grew by 30% in FY24. Domestic 226.1 341.7 73.8 100.3 – Energy segment continues to build capacity and win further Exports 2,620.1 1,849.
Slide 8: Profit & Loss Account
Profit & Loss Account (Rs. Mn) FY24 FY23 YoY Q4FY24 Q4FY23 YoY Revenue from Operations 3,407.7 2,516.8 35% 928.0 849.1 9% ▪ Non-recurring expenses include: Consumption 460.2 301.5 157.9 106.2 ▪ Fire related expenses Employee expenses 742.7 592.7 196.6 173.3 ▪ Provision for credit impaired trade rece
Slide 9: Update on Business Development & Growth
Update on Business Development & Growth Signed a 7 year contract with Rolls Royce to produce / supply critical engine parts for their Defence / Military Aircraft Engines Entered into a 5 year agreement with a subsidiary of Baker Hughes. This SSA involves the supply of high – complex and critical com
Slide 10: Company Overview
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Slide 11: Azad Engineering Ltd.: Snapshot
Azad Engineering Ltd.: Snapshot Preferred name in the manufacturing of highly-engineered, complex and mission & life-critical components Supplying to highly regulated industries having significant entry barriers End-markets with massive TAM FY27 Aerospace & Defence INR 1,530 bn TAM Substantial exper
Slide 12: Project and Life Critical Portfolio of Diversified Products (1/2)
Project and Life Critical Portfolio of Diversified Products (1/2) Energy and Oil & Gas Industry Product Category Products End-Use Industry/Application Last Stage Airfoil – Rotary & Fixed Airfoil Last Stage Airfoil - Stationary Welding Chamfers Electric Power Generation Nuclear Power Turbine – Turbin
Slide 13: Project and Life Critical Portfolio of Diversified Products (2/2)
Project and Life Critical Portfolio of Diversified Products (2/2) Aerospace Aerospace and and Defence Defence Industry Industry Product Category Products End-Use Industry/Application Housing, Compressor & Airfoils, Unison Rings, Arm, Levers Body, Assembly Aero Engine Assembly Mount Business Jet Airc
Slide 14: Significant Entry Barriers at Each Stage
Significant Entry Barriers at Each Stage Azad has delivered over 3 million mission critical parts with Zero parts per million defects requirement to its customers. It has demonstrated efficiencies pursuant to machining time reduction and adherence to strict quality, resulting in a massive competitiv
Slide 15: Critical Source Supplier to OEMs - Aerospace & Defence
Critical Source Supplier to OEMs with High Global Market Penetration - Aerospace & Defence Azad is a supplier to six of the key manufacturers in aerospace and defence industry Addressable market Growth Drivers Key components used in an aircraft Aerospace & Defence1 • Opportunity to increase wallet s
Slide 16: Critical Source Supplier to OEMs – Energy Turbine
Critical Source Supplier to OEMs with High Global Market Penetration – Energy Turbine Industries Azad, being a critical components supplier, is a key link in the global supply chain for the OEMs Azad’s customer market share in Global turbine components1 Gas power turbine Player 4 Player 5 5% Azad’s
Slide 17: Long-standing and Deep Customer Relationships With OEMs
Long-standing and Deep Customer Relationships With OEMs As a strategic and growth partner to customers across highly regulated industries, Azad enjoys long-term relationships with high customer stickiness and a high percentage of repeat business, which allows us to have long-term contracts, a stable
Slide 18: Well-diversified Business with Global Operations
Well-diversified Business with Global Operations Azad caters to multiple customers across the globe has average relationship for over 10 years with key customers Revenue Breakup FY24 Q4FY24 Domestic UK Switzerland Domestic 13% 17% Hungary Poland France Sweden Germany Italy 87% 83% Exports Exports Ot
Slide 19: Advanced Manufacturing Facilities With Focus on Innovation
Advanced Manufacturing Facilities With Focus on Innovation and Cost Competitiveness Azad’s all facilities (except which are earmarked for specific clients) are fungible in nature Four manufacturing facilities in Hyderabad Facilities in Pipeline Spread across 20,000 Sq.mts Facility 1 Facility 2 ~95,0
Slide 20: Experienced Promoter and Board of Directors
Experienced Promoter and Board of Directors…. Rakesh Chopdar Jyoti Chopdar Vishnu Malpani Chairman & CEO Whole-Time Director Whole-Time Director • Involved with Azad since 2003 • Passed the examination for • Holds a bachelor’s degree in pic with two decades of experience pic bachelor’s degree in art
Slide 21: Strong Management Team
….with Strong Management Team Ronak Jajoo Ashok Gentyala Balaji PR Chief Financial Officer Head - Engineering & Operations Head – Business Growth • Passed the examination for post • Holds a diploma in mechanical • Previously worked with Miranda graduate degree in business engineering Tools, Helix To
Slide 22: Way Forward
eee eee Way Forward AZA SS
Slide 23: Way Forward: Positioning and Strategic Priorities
Best-in-class engineering portfolio lending a strong moat with significant entry barriers Supplier of choice to highly regulated industries Producer of mission critical components; High complexity and precision requirements Unique Long haul journey with vendor qualifications taking up to 30-48 m
Slide 24: Historical financials
Historical financials
Slide 25: Consistent Track Record of Financial Performance
Consistent Track Record of Financial Performance Margin Revenue From Operations Adj. EBITDA* & EBITDA Margin PAT and PAT Margin In Rs. Mn 30.2% 32.5% 31.6% 34.5% 9.4% 15.1% 3.4% 17.2% 3,408 +40.6% 1,175 2,517 +46.8% 586 1,945 796 +72.1% 632 1,227 295 371 115 85 FY21 FY22 FY23 FY24 FY21 FY22 FY23 FY2
Slide 26: Restated Consolidated Statement of Profit and Loss
Restated Consolidated Statement of Profit and Loss (Rs. Mn) FY24 FY23 FY22 FY21 CAGR (FY21- 24) Revenue from Operations 3,407.7 2,516.8 1,944.7 1,227.2 41% Consumption 460.2 301.5 207.6 138.1 ▪ Non-recurring expenses include: Employee expenses 742.7 592.7 462.7 326.0 ▪ Fire related expenses Other Ex
Slide 27: Restated Consolidated Balance Sheet
Restated Consolidated Balance Sheet Assets (Rs. Mn) Mar-24 Mar-23 Mar-22 Mar-21 Equity and liabilities (Rs. Mn) Mar-24 Mar-23 Mar-22 Mar-21 Non-current assets Equity Equity share capital 118.2 16.5 15.1 15.1 Property, plant and equipment 2,545.4 2,166.5 1,444.0 1,210.8 Other equity 6,332.4 2,023.4 1
Slide 28: Restated Consolidated Cash Flow Statement
Restated Consolidated Cash Flow Statement (Rs. Mn) Mar-24 Mar-23 Mar-22 Mar-21 Profit Before Taxes 807.9 131.9 401.3 162.4 Adjustments for Non-Cash / Non-Operating items 756.7 672.0 254.5 127.7 Operating profit before working capital changes 1,564.5 803.9 655.9 290.1 Changes in working capital -1,48
Slide 29: EBITDA & PBT Bridge
EBITDA & PBT Bridge (Rs. Mn)$ Q4FY24 Q4FY23 FY24 FY23 FY22 FY21 (A) Adj EBITDA 318.0 310.8 1,174.5 795.8 631.7 370.9 (B) Non - Recurring Expenses Fire related expenses 0.0 0.0 0.0 63.0 0.0 0.0 Provision for credit impaired trade receivable 4.4 1.2 8.6 4.8 2.4 7.9 Professional and consultancy charges
Slide 30: Annexures
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Slide 31: Utilisation of IPO Proceeds
Utilisation of IPO Proceeds Net Proceeds from IPO – Rs.2,227.49 Mn Rs. 604 Mn Funding Capital Expenditure Rs. 1,382 Mn Repayment of borrowings in part or full Rs.242 Mn General Corporate Purpose The amount utilized for general corporate purposes does not exceed 25% of the Gross Proceeds 30
Slide 32: For more information Please contact
For more information Please contact: Company: Investor Relations Advisor: Azad Engineering Limited: Strategic Growth Advisors Pvt Ltd. CIN: U74210TG1983PLC004132 CIN: U74140MH2010PTC204285 Mr. Ful Kumar Gautam, Company Secretary & Shikha Puri / Riddhish Bhayani Compliance Officer Email id: shikha.pu