Apar Industries Limited · NSE:APARINDS
Apar Industries — Q4 FY23 Earnings Presentation
25 slides from Apar Industries's earnings presentation, May 8, 2023
Slide 1: Exchange cover letter for Investor Update Q4FY23
SEC/0805/2023 May 08, 2023 National Stock Exchange of India Ltd. BSE Ltd. “Exchange Plaza”, Corporate Relationship Department, C-1, Block G, 27th Floor, Phiroze Jeejeebhoy Towers, Bandra- Kurla Complex, Dalal Street, Bandra (E), Fort, Mumbai – 400 051. Mumbai - 400 001. Scrip Symbol : APARINDS Scrip
Slide 2: Earnings Call Update - Corporate Presentation May 2023
EARNINGS CALL UPDATE May 2023 CORPORATE PRESENTATION
Slide 3: Q4 FY23: Highest Q4 Revenue; Profitability at 3x
Q4 FY23: Highest Q4 Revenue; Profitability at 3x v/s LY for 2nd consecutive quarter Revenue EBITDA PAT 36% YoY 146% YoY 194% YoY INR 4,089 INR 445 INR 243 crores crores crores Margin at 10.9% up 490 bps YoY Margin at 5.9% up 320 bps YoY o Q4 FY23 revenue up 36% YoY with volume-led growths across all
Slide 4: 12M FY23: All time high revenue and profitability
12M FY23: All time high revenue at 54% growth and profitability at 2.5x v/s LY Revenue EBITDA PAT 54% YoY 130% YoY 148% YoY INR 14,352 INR 1,320 crores INR 638 crores crores Margin at 9.2% up 300 bps YoY Margin at 4.4% up 160 bps YoY o 12M FY23 revenue up 54% YoY with growths coming in from all the
Slide 5: Conductors: Q4 FY23 highlights
Conductors: Q4 FY23 highlights Revenue Volume EBITDA 41% YOY 46% YOY 333% YOY INR 2,121 crores 49,489 MT INR 282 crores INR 65 crore (Q4 FY22) Margin at 13.3%; 4.3% (Q4 FY22) EBITDA per MT EBITDA post adj* EBITDA* per MT 196% YOY 378% YOY 230% YOY INR 56,926 INR 287 crores INR 58,006 INR 19,227 (Q4
Slide 6: Conductors: 12M FY23 highlights
Conductors: 12M FY23 highlights Revenue Volume EBITDA 67% YOY 49% YOY 267% YOY INR 7,013 crores 1,60,131 MT INR 716 crores INR 195 crore (12M FY22) Margin at 10.2%; 4.6% (12M FY22) EBITDA per MT EBITDA post adj* EBITDA* per MT 147% YOY 284% YOY 158% YOY INR 44,700 INR 706 crores INR 44,114 INR 18,13
Slide 7: Speciality Oils & Lubricants: Q4 FY23 highlights
Speciality Oils & Lubricants : Q4 FY23 highlights Revenue Volume EBITDA 28% YOY 12% YOY 35% YOY INR 1,179 crores 1,31,132 KL INR 46 crores INR 71 crores (Q4 FY22) Margin at 3.9%; 7.7% (Q4 FY22) EBITDA per KL EBITDA post adj* EBITDA* per KL 42% YOY 31% YOY 38% YOY INR 3,528 INR 48 crores INR 3,697 IN
Slide 8: Speciality Oils & Lubricants: 12M FY23 highlights
Speciality Oils & Lubricants : 12M FY23 highlights Revenue Volume EBITDA 31% YOY 5% YOY 14% YOY INR 4,656 crores 4,86,582 KL INR 248 crores INR 290 crores (12M FY22) Margin at 5.3%; 8.2% (12M FY22) EBITDA per KL EBITDA post adj* EBITDA* per KL 19% YOY 20% YOY 24% YOY INR 5,102 INR 233 crores INR 4,7
Slide 9: Lubricants: Q4 FY23 highlights
Lubricants : Q4 FY23 highlights Revenue Volume 9% YOY 7% YOY INR 231 crores 18,370 KL o Revenue is up by 9% in Q4 FY23 vs Q4 FY22 o Industrial volume is down 17% YoY, Automotive volume is up by 22% YoY Note: Above numbers are given only for analytical purpose. These numbers are already included in S
Slide 10: Lubricants: 12M FY23 highlights
Lubricants : 12M FY23 highlights Revenue Volume 14% YOY 10% YOY INR 893 crores 69,646 KL o Revenue up 14% YoY driven by growth of industrial and automotive volumes o Industrial volume up 9% YoY , Automotive volume up 10% YoY Note: Above numbers are given only for analytical purpose. These numbers ar
Slide 11: Cables: Q4 FY23 highlights
Cables : Q4 FY23 highlights Revenue EBITDA EBITDA post adj* 38% YOY 130% YOY 143% YOY INR 943 crores INR 115 crores INR 117 crores INR 50 crores (Q4 FY22) INR 48 crores (Q4 FY22) Margin at 12.2%; 7.3% (Q4 FY22) Margin at 12.4%; 7.0% (Q4 FY22) o Revenue up 38% v/s LY due to significant increase in El
Slide 12: Cables: 12M FY23 highlights
Cables : 12M FY23 highlights Revenue EBITDA EBITDA post adj* 64% YOY 216% YOY 225% YOY INR 3,263 crores INR 348 crores INR 344 crores INR 110 crores (12M FY22) INR 106 crore (12M FY22) Margin at 10.7%; 5.5% (12M FY22) Margin at 10.5%; 5.3% (12M FY22) o Revenue up by 64% YoY due to significant increa
Slide 13: 12M FY23 Division-wise EBITDA to PAT
12M FY23 Division-wise EBITDA to PAT Particulars Oil Conductor Cable Others Total EBITDA pre-open period forex (Note 1) 249 716 348 7 1,320 Open period forex (Note 2) 16 9 4 0 29 EBIDTA post open period forex 233 706 344 7 1,291 Finance cost (ex open period forex) (Note 3) 73 148 46 0 267 Unallocabl
Slide 14: Annexures
ANNEXURES
Slide 15: Q4 FY23: Consolidated Profit & Loss Statement
Q4 FY23: Consolidated Profit & Loss Statement Particulars Q4 FY23 Q4 FY22 % Chg YoY Q3 FY23 % Chg QoQ Gross sales 4,056.5 3,003.9 35.0% 3,916.9 3.6% Other Operating Income 32.1 8.6 274.9% 22.0 45.5% Total Operating Income 4,088.6 3,012.5 35.7% 3,938.9 3.8% Total Expenditure 3,664.7 2,838.9 29.1% 3,5
Slide 16: Q4 FY23: Consolidated Segment Analysis
Q4 FY23: Consolidated Segment Analysis Segments Q4 FY23 Q4 FY22 % Chg YoY Q3 FY23 % Chg QoQ Revenue Conductors 2,121.3 1,503.4 41.1% 1,908.1 11.2% Transformer & Specialty Oils 1,179.4 920.8 28.1% 1,241.2 (5.0%) Power & Telecom Cables 943.0 682.7 38.1% 921.1 2.4% Others/Unallocated 25.5 23.2 9.9% 27.
Slide 17: Q4 FY23: Consolidated Segment Analysis
Q4 FY23: Consolidated Segment Analysis Segment Q4 FY23 Q4 FY22 % Chg YoY Q3 FY23 % Chg QoQ Segment Results before Interest and Tax Conductors 275.1 57.3 380.0% 216.8 26.9% Transformer & Specialty Oils 40.6 64.6 -37.2% 20.8 95.2% Power and Telecom Cables 107.2 42.4 152.8% 101.4 5.7% Others/Unallocate
Slide 18: Q4 FY23: Financials
Q4 FY23: Financials Key Ratios Q4 FY23 Q4 FY22 Q3 FY23 EBITDA Margin 10.7% 6.1% 8.9% Net Margin 6.0% 2.7% 4.3% Total Expenditure/ Total Net Operating Income 89.6% 94.2% 91.3% Raw Material Cost/ Total Net Operating Income 72.9% 77.8% 74.6% Staff Cost/ Total Net Operating Income 1.7% 1.5% 1.3% Other E
Slide 19: 12M FY23: Consolidated Profit & Loss Statement
12M FY23: Consolidated Profit & Loss Statement Particulars 12M FY23 12M FY22 % Chg YoY Gross sales 14,272.6 9,287.2 53.7% Other Operating Income 79.5 29.4 170.4% Total Operating Income 14,352.2 9,316.6 54.0% Total Expenditure 13,125.2 8,768.7 49.7% Cost of Raw Materials 10,708.8 7,207.8 48.6% Employ
Slide 20: 12M FY23: Consolidated Segment Analysis
12M FY23: Consolidated Segment Analysis Segment 12M FY23 12M FY22 % Chg YoY Revenue Conductors 7,013.1 4,200.4 67.0% Transformer & Specialty Oils 4,656.7 3,544.2 31.4% Power & Telecom Cables 3,263.5 1,993.7 63.7% Others/Unallocated 107.3 73.0 47.0% Total Revenue 15,040.5 9,811.4 53.3% Less: Inter -
Slide 21: 12M FY23: Consolidated Segment Analysis
12M FY23: Consolidated Segment Analysis Segment 12M FY23 12M FY22 % Chg YoY Segment Results before Interest and Tax Conductors 682.5 162.8 319.2% Transformer & Specialty Oils 225.0 267.6 (15.9%) Power and Telecom Cables 316.8 79.8 297.0% Others/Unallocated 6.8 4.5 51.1% Total 1,231.2 514.6 139.2% Le
Slide 22: 12M FY23: Financials
12M FY23: Financials Key Ratios 12M FY23 12M FY22 EBITDA Margin 8.8% 6.2% Net Margin 4.4% 2.8% Total Expenditure/ Total Net Operating Income 91.5% 94.1% Raw Material Cost/ Total Net Operating Income 74.6% 77.4% Staff Cost/ Total Net Operating Income 1.5% 1.9% Other Expenditure/ Total Net Operating I
Slide 23: Shareholding Pattern
SHAREHOLDING PATTERN
Slide 24: Market performance and shareholding structure
Market performance and shareholding structure APAR has been consistently outperforming market 470 270% 370 270 170 24% -0.5% 70 Apr-22 May-22 May-22 Jun-22 Jul-22 Aug-22 Sep-22 Oct-22 Nov-22 Dec-22 Jan-23 Feb-23 Mar-23 Apar Industries Capital Goods Sensex Chart has been rebased to 100 As on March 31
Slide 25: Thank You
For Institutional enquiries Mr. Ramesh Iyer CFO & Investor Relations Mr. Ambesh Tiwari Contact No : +91 22 67800400 Contact No : +91 84248 93404 E-mail – ramesh.iyer@apar.com E-mail – ambesh@s-ancial.com #215, Shiv Shakti Industrial Estate, 2Nd Floor, For Investor Grievances J R Boricha Marg, Lower