Greaves Cotton Limited · NSE:GREAVESCOT
Greaves Cotton — Q4 FY19 Earnings Presentation
20 slides from Greaves Cotton's earnings presentation, May 2, 2019
Slide 1: Intimation of Analyst Meet and Presentation
GREAVES SINCE 1859 2nd May, 2019 Stock Code: BSE- 501455 NSE - GREAVESCOT The Secretary The Secretary BSE Limited National Stock Exchange of India Limited Corporate Relationship Department Exchange Plaza, 5th Floor 2nd Floor, New Trading Wing Plot No. C /1, G Block Rotunda Building, Phiroze Jeejeebh
Slide 2: Invitation to Quarterly Earnings Call
Mr. Nagesh Basavanhalli Managing Director & CEO Cordially invite you for a Quarterly Earnings Call To discuss the company’s financial performance for Q4FY19 and the way forward Day/Date: Thursday, May 02, 2019 Time: 16.00hrs IST Conference Dial-In Numbers Please dial the below number at least 5-10 m
Slide 3: Investor Presentation Q4 and FY19
Investor Presentation Q4 and FY19
Slide 4: Disclaimer
Disclaimer • Statements in this presentation, particularly those which relate to management’s views and analysis, describing the Company’s objectives, projections, estimates and expectations may constitute “forward looking statements” within the meaning of applicable laws and regulations. • Actual r
Slide 5: Leveraging a rich legacy to deliver impact to society
GREAVES: Leveraging a rich legacy to deliver impact to the society and build a better tomorrow Impacting billion lives everyday 5 Million+ Livelihoods generated Market Leader in 3W Diesel Serving India since last Engine 160 Years 3 Million+ Farmer income increased Complete portfolio of Oil and Elect
Slide 6: Performance Q4 & FY19
Performance Q4 & FY19 4
Slide 7: Financial Performance Snapshot
Financial Performance Snapshot Rs Cr Rs Cr 528 +9% 486 1,988 +11% 1,792 +8% 70 48 57 70 46 255 171 203 275 181 169 37 FY 18 FY 19 FY 18 FY 19 Revenue EBITDA Revenue EBITDA PAT before exceptional items Reported PAT PAT before exceptional items Reported PAT Key Highlights Q4 Revenue at Rs.528Cr (+9%
Slide 8: Quarterly Revenues (Rs Cr)
Quarterly Revenues ( Rs Cr ) Quarterly Average Quarterly Average Quarterly Average FY17 Rs 409 cr FY18 Rs 448 cr FY19 Rs 497 cr 495 506 528 452 486 458 439 447 401 404 391 406 Jun-16 Sep-16 Dec-16 Mar-17 Jun-17 Sep-17 Dec-17 Mar-18 Jun-18 Sep-18 Dec-18 Mar-19 Revenues are GST comparable numbers 6
Slide 9: Revenue by Business (12M FY19)
Revenue by Business (12M FY19) 12M FY 19 26% 49% 24% Engines Aftermarket Others • Others includes Genset, Agri equipment and Trading 7
Slide 10: Volumes by Business
Volumes by Business Business Q4 FY19 FY19 Q4 FY18 FY18 Engines 3W 74,060 2,84,454 68,861 2,72,890 Others 12,587 43,147 12,269 45,990 Total Engines 86,647 3,27,601 81,130 3,18,880 Auxillary Power Gensets 1,130 4,168 969 3,519 Others 772 1,881 242 955 Total Auxillary Power 1,902 6,049 1,211 4,474 Agri
Slide 11: Financial Results Q4
Financial Results Particulars (Rs Cr) Q4 FY 18 Q4 FY 19 Growth % Net Income from Operations 486 528 9% Material Consumed 332 368 Employee Cost 38 42 Others Expenses 46 48 EBIDTA 70 70 0% EBIDTA Margin 14.4% 13.3% PBT before exceptional item 71 66 PAT before exceptional item 48 46 Post tax exceptiona
Slide 12: Financial Results 12M FY19
Financial Results Particulars (Rs Cr) 12M FY 18 12M FY 19 Growth % Net Income from Operations 1792 1988 11% Material Consumed 1210 1358 Employee Cost 167 175 Others Expenses 160 180 EBIDTA 255 275 8% EBIDTA Margin 14.2% 13.8% PBT before exceptional item 247 264 PAT before exceptional item 171 181 6%
Slide 13: Key Financial Metrics
Key Financial Metrics ROE% ROCE% 18% 19% 27% 26% Mar 18 Mar 19 Mar 18 Mar 19 EPS (Rs) ROCE% (without surplus fund) 8.3 48% 46% 6.9 Mar 18 Mar 19 Mar 18 Mar 19 11
Slide 14: Profit & Loss – Ampere
Profit & Loss – Ampere Particulars (Rs Cr) FY 18 FY 19 Oct Mar 19 Net Revenue 18.5 53.6 27.5 RMC % 85.4% 82.0% 84.3% EBIDTA -8.1 -2.4 2.2 EBIDTA % -43.8% -4.4% 8% FY19 impact on GCL consolidated financials (Rs.2.4 cr) PAT -5.2 -9.0 -3.5 CFS PAT Reconciliation (Rs. Cr) 2017-18 2018-19 Greaves Cotton
Slide 15: Share Holding Pattern
Share Holding Pattern AS ON 31ST MAR 2019 Non Institutional 18% Promoters 52% Institutional 30% 13
Slide 16: New strategic assets created as part of 'AND – AND' Strategy
New strategic assets created as part of ‘AND – AND’ Strategy; Company showcases strong results delivery New Revenue streams added for a stronger Business Portfolio Auto PT BSVI-D CNG-4XX/ 2XX Elec 3W Engine – BS IV Diesel BS VI Aftermarket GCL MB – 3W, 2W, 3rd Party engine Single Clean Mobility e2W
Slide 17: New Business generates 10% of total revenue
New Business generates 10% of total revenue Milestones FY19 BSVI emissions met for 3W applications| Promising results achieved on CREST CNG engine – 25%+ fuel efficiency gains New business accelerates: Accounts for 10% of FY19 Revenue ~2X growth in CNG 3W Engines ~2X growth in Non-Auto Engines sales
Slide 18: Building a stronger business portfolio
Building a stronger business portfolio: New Products/ New Applications/ New Customers Expanding Portfolio: Offering New Energy-efficient Products CNG EV- 2W EV- 3W Wide body CNG E-rickshaw Ampere e-scooters: Current range Irrigation CREST CNG 3W engine New high speed scooter Electric pumps Building
Slide 19: Getting closer to customers with 300+ Greaves Retail outlets
Building a stronger business portfolio: Getting closer to customers with 300+ ‘Greaves Retail’ outlets Greaves Retail – PAN India network of unique Clean Mobility focussed 3S outlets Transforming Greaves into a formidable B2C Player in Last Mile Mobility 15,000+ clean electric 300 + Touching lives o
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