Sanghvi Movers Limited · NSE:SANGHVIMOV
Sanghvi Movers — FY2023 Earnings Presentation
28 slides from Sanghvi Movers's earnings presentation, May 24, 2023
Slide 1: Regulation 30 filing cover letter for Investor Presentation
SANGHVI MOVERS LIMITED Regd. Office : Survey No. 92, Tathawade, Taluka - Mulshi , Pune, Maharashtra - 411033, INDIA Tel. : 8669674701/2/3/4, 020-27400700 E-mail : sanghvi@sanghvicranes.com Web. : www.sanghvicranes.com SANGHVI CIN No. : L29150PN1989PLC054143 REF: SML/SEC/SE/23-24/12 Date: 24 May 2023
Slide 2: Investors Presentation FY 2022-23
INVESTORS PRESENTATION FY 2022-23 1
Slide 3: Financial Performance For FY 2022-23
Financial Performance For FY 2022-23 Total Turnover Profit after Tax Average CU Avg. Blended Yield ₹ 486 Crores ₹ 112 Crores 83% 1.97% Per Month 2
Slide 4: Capex For FY 2022-23
Capex For FY 2022-23 The Company has completed Capex of Rs. 162 Crores during FY 2022-23. The details of Cranes, Prime Movers and Trailers purchased in FY 2022-23 are as under: Cranes Purchased till date : Crane Model/ OEM 110 Ton 160 Ton 200 Ton 500 Ton 750 Ton 800 Ton Total Sany (Brand New) 2 3 2
Slide 5: Financial Performance for FY 2022-23
Financial Performance for FY 2022-23 Net Debt to Net Worth Net Debt Equity ₹ 161 Crores Ratio ₹ 841 Crores 0.19:1 Avg. Borrowing Cost ₹ 8.90% p.a 4
Slide 6: Sector-wise Revenue for FY 2022-23
Sector-wise Revenue for FY 2022-23 FY 2022- 2023 FY 2021-2022 44% 40% 20% 16% 14% 11% 11% 10% 9% 9% 8% 6% 1% 1% 0% 0% Wind Mill Power Refinery & Gas Steel & Metal Cement Wind EPC Project EPC Other Sectors
Slide 7: Order-book Position
Order-book Position Particulars Rs. In Crores Order Book as on 4th May 2023 to be executed during the period of 1 April 2023 To 299.00 31st March 2024 Order Book as on 4th May 2022 to be executed during the period of 1 April 2022 To 236.00 31st March 2023 6
Slide 8: Financial Performance
Financial Performance Amount in Crores Sr Particulars FY 22-23 (A) Q4FY23 Q3FY23 Q2 FY23 Q1 FY23 FY 22 (A) a) Income from Operations 455.79 126.83 122.48 109.24 97.24 335.25 b) Other Income 29.76 4.69 6.48 14.91 3.68 36.99 c) Total Income (a) + (b) 485.55 131.52 128.96 124.15 100.92 372.24 d) Operat
Slide 9: Financial Performance: Revenue Break Up
Financial Performance Revenue Break Up for the Year Ended 31st March 2023 Sr. Particulars Amount in Crores 1 Income From Operations – Crane Rental 444.98 2 Income From Wind EPC Business 5.20 3 Income From Project EPC Business 5.61 Total :- 455.79 Details of Other Income for the Year Ended 31st March
Slide 10: Summarized Profitability Statement
Summarized Profitability Statement 600 Amount in Crores 500 486 400 372 326 295 287 300 253 193 197 199 200 166 175 160 137 116 102 100 - FY 2018-19 FY 2019-20 FY 2020-21 FY 2021-22 FY 2022-23 Total Income 295 326 253 372 486 Total Expenditure (#) 193 166 137 197 199 PBIDT 102 160 116 175 287 9
Slide 11: Year on Year Summarised Profitability Statement
Year on Year Summarised Profitability Statement 500 450 Amount in Crores 400 350 300 250 200 150 100 50 - (50) (100) FY 2018-19 FY 2019-20 FY 2020-21 FY 2021-22 FY 2022-23 Total Income 295 326 253 372 486 Net Profit / (Loss) (58) (7) (22) 29 112 Cash Profit 83 134 100 148 233 10
Slide 12: Year on Year PBIDT in %
Year on Year PBIDT in % 70% 60% 59% 49% 50% 47% 46% 40% 35% 30% 20% 10% 0% FY 2018-19 FY 2019-20 FY 2020-21 FY 2021-22 FY 2022-23 11
Slide 13: Year on Year Average Capacity Utilisation of Crane Fleet
Year on Year Average Capacity Utilisation of Crane Fleet 90% 82% 80% 76% 72% 70% 59% 60% 56% 50% 40% 30% 20% 10% 0% FY 2018-19 FY 2019-20 FY 2020-21 FY 2021-22 FY 2022-23 Average Capacity Utilisation 12
Slide 14: Year on Year Average Blended Yield
Year on Year Average Blended Yield 2.50% 1.97% 2.00% 1.85% 1.70% 1.71% 1.50% 1.50% 1.00% 0.50% 0.00% FY 2018-19 FY 2019-20 FY 2020-21 FY 2021-22 FY 2022-23 13
Slide 15: Year wise Capex by the Company
Year wise Capex by the Company 180 Amount in Crores 162 160 140 120 111 100 80 60 40 19 20 2 1 0 FY19 FY20 FY21 FY22 FY22 14
Slide 16: Year wise position of Total Borrowings
Year wise position of Total Borrowings 500 446 Amount in Crores 450 400 350 313 300 250 197 200 167 161 150 100 50 - 31.03.2019 31.03.2020 31.03.2021 31.03.2022 31.03.2023 15
Slide 17: Year wise Debt : Equity Ratio
Year wise Debt : Equity Ratio 0.70 0.61 0.60 0.50 0.43 0.40 0.30 0.28 0.23 0.19 0.20 0.10 - 31.03.2019 31.03.2020 31.03.2021 31.03.2022 31.03.2023 16
Slide 18: Year Wise Debt Repayment Made During Last 5 Years
YEAR WISE DEBT REPAYMENT MADE BY THE COMPANY DURING LAST 5 YEARS 140 133 Amount in Crores 122 120 109 100 96 80 62 60 40 20 - FY 2018-19 FY 2019-20 FY 2020-21 FY 2021-22 FY 2022-23 Note : Above Debt repayment figures includes pre-payment of term loan obligations in subsequent financial years. 17
Slide 19: Year Wise Interest Payment Made During Last 5 Years
YEAR WISE INTEREST PAYMENT MADE BY THE COMPANY DURING LAST 5 YEARS 50 48 Amount in Crores 45 41 40 35 30 26 25 20 17 17 15 10 5 - FY 2018-19 FY 2019-20 FY 2020-21 FY 2021-22 FY 2022-23 18
Slide 20: Year Wise Interest Coverage Ratio During Last 5 Years
YEAR WISE INTEREST COVERAGE RATIO DURING LAST 5 YEARS 20.00 18.00 17.23 16.00 14.00 12.00 10.29 10.00 8.00 6.00 4.43 3.90 4.00 2.15 2.00 - FY 2018-19 FY 2019-20 FY 2020-21 FY 2021-22 FY 2022-23 19
Slide 21: Gradual Improvement in Average Receivable Days
GRADUAL IMPROVEMENT IN AVERAGE RECEIVABLE DAYS 200 180 No of Days 180 160 140 120 116 108 99 100 90 80 72 60 40 20 0 FY 2017-18 FY 2018-19 FY 2019-20 FY 2020-21 FY 2021-22 FY 2022-23 20
Slide 22: Significant Reduction in Accumulated Provision for Doubtful Debts
SIGNIFICANT REDUCTION IN ACCUMULATED PROVISION FOR 21 DOUBTFUL DEBTS 160 Amount in Crores 140 120 100 80 60 40 20 - FY 2018-19 FY 2019-20 FY 2020-21 FY 2021-22 FY 2022-23 Trade Receivables 141 120 103 101 112 Accumulated Provision for Doubtful Debts 51 57 46 21 13 Net Trade Receivables 90 62 57 79 9
Slide 23: Crane Fleet: Lifting Capacity (MT)
CRANE FLEET : LIFTING CAPACITY (MT) 82,000 81,006 81,000 80,000 79,212 79,000 78,332 78,000 77,000 76,516 76,434 76,000 75,024 75,000 74,000 73,000 72,000 FY 2017-18 FY 2018-19 FY 2019-20 FY 2020-21 FY 2021-22 FY 2022-23 22
Slide 24: Crane Fleet: Capacity Wise Count of Cranes
CRANE FLEET : CAPACITY WISE | COUNT OF CRANES 450 413 400 389 394 377 387 400 257 252 244 246 256 350 238 300 250 200 150 156 148 145 139 141 138 100 50 0 FY 18 FY 19 FY 20 FY 21 FY 22 FY 23 > 100 MT <100 MT 23
Slide 25: Age-Wise Debtors Analysis
Age-Wise Debtors Analysis Particulars Amount in Crores Debtors Less than 90 days 120.62 Debtors between 91 days to 180 days 11.12 Debtors between 181 days to 360 days (Net of ECL Provision Made) 8.51 Debtors 360 days and above (Net of Provision of Doubtful Debts) NIL Reported Sundry Debtors (Includi
Slide 26: Proposed Capex Plan for FY 2023-24
Proposed Capex Plan for FY 2023-24 The Board of Directors have approved Capex Plan of Rs. 264 Crores in FY 2023-24. The Breakup of which is as under : Sr Particulars Amount in Crores 1 30 Nos. brand new cranes 237.00 2 10 Nos. Pick & Carry Cranes 3.00 3 8 x 6 Multi Axle Lines 6.50 4 6 Nos. Prime Mov
Slide 27: Update on Wholly Owned Subsidiary of SML in Vietnam
Update on Wholly Owned Subsidiary of SML in Vietnam. • Sanghvi Movers Vietnam Company Limited was incorporated on 16th September 2021 which is Wholly Owned Subsidiary (WOS) of SML. SML have subscribed Charter Capital of USD 35,000. • Purpose of Incorporating Company in Vietnam was to explore crane r
Slide 28: Disclaimer
Disclaimer SANGHVI This presentation contains certain forward looking statements concerning Sanghvi Movers Limited’s future business prospects and business profitability, which are subject to a number of risks and uncertainties and the actual results could materially differ from those in such forwar