Steelcast Ltd. · NSE:STEELCAS
Steelcast — Q4 FY23 Earnings Presentation
24 slides from Steelcast's earnings presentation, May 23, 2023
Slide 1: Submission of Investor Presentation under Regulation 30
AC/2079 23.05.2023 The Secretary, National Stock Exchange of India Limited, BSE Limited, Exchange Plaza, 5th Floor, Phiroze Jeejeebhoy Towers, Plot No.C/1, G Block, Dalal Street, Bandra-Kurla Complex, MUMBAI - 400 001 Bandra (E), Mumbai - 400 051 Scrip Code: 513517 Scrip Symbol: STEELCAS Dear Sir/Ma
Slide 2: Investor Presentation – Q4 & FY23
Investor Presentation – Q4 & FY23
Slide 3: Safe Harbor
Safe Harbor This presentation has been prepared by and is the sole responsibility of Steelcast Limited (the “Company”). By accessing this presentation, you are agreeing to be bound by the trailing restrictions. This presentation does not constitute or form part of any offer or invitation or induceme
Slide 4: Q4 & FY23 Financial Performance
Q4 & FY23 Financial Performance 3
Slide 5: Q4 & FY23 Performance Highlights
Q4 & FY23 Performance Highlights Q4 FY23 (Y-o-Y) FY23 (Y-o-Y) Highlights The Revenue from Operations saw an increase of 58% on a Revenue Revenue 29.3 % 57.9 % Y-o-Y basis. The higher demand of casting in global and 120.3 Crs 476.8 Crs domestic market led to better volumes The EBITDA margins for FY23
Slide 6: Q4FY23 Consolidated Key Highlights
Q4FY23 Consolidated Key Highlights Revenue (Rs. in Crs) EBIDTA (Rs. in Crs) PAT (Rs. in Crs) 29% 76% 103% 120.3 31.0 19.5 93.0 17.6 9.6 Q4FY22 Q4FY23 Q4FY22 Q4FY23 Q4FY22 Q4FY23 5
Slide 7: FY23 Consolidated Key Highlights
FY23 Consolidated Key Highlights Revenue (Rs. in Crs) EBIDTA (Rs. in Crs) PAT (Rs. in Crs) 58% +79% 112% 476.8 114.0 70.5 302.0 63.7 33.2 FY22 FY23 FY22 FY23 FY22 FY23 Y-o-Y Y-o-Y Y-o-Y 6
Slide 8: Geographical Revenue growth (Y-o-Y)
Geographical Revenue growth (Y-o-Y) Exports Domestic +400 bps -400 bps 60.0% 44.0% 56.0% 40.0% FY22 FY23 FY22 FY23 Y-o-Y Y-o-Y 7
Slide 9: Revenue Breakup (FY23)
Revenue Breakup (FY23) Segment-wise Revenue (%) Geography-wise Revenue (%) 40.0% Total Total revenue revenue Rs. Rs. 476.8 Cr 476.8 Cr 60.0% 100.0% OEM Sales Domestic Exports 8
Slide 10: Quarterly Profit & Loss Statement
Quarterly Profit & Loss Statement Particulars (Rs.Crs ) Q4 FY23 Q4 FY22 Y-o-Y Q3FY23 Q-o-Q FY23 FY22 Y-o-Y Revenue from Operations 120.3 93.0 29.0% 119.7 0.5% 476.8 302.0 57.9% Cost of Materials consumed 29.4 26.8 33.9 121.4 95.0 Changes in Inventories of finished goods & work in progress 0.5 -2.7 -
Slide 11: Profit & Loss Statement
Profit & Loss Statement Particulars (Rs.Crs ) FY23 FY22 FY21 FY20 FY19 Revenue from Operations 476.8 302.0 157.7 200.6 317.9 Cost of Materials consumed 121.4 95.0 36.3 46.3 73.7 Changes in Inventories of finished goods & work in progress 11.9 -26.9 -2.3 0.4 14.3 Total Raw Material 133.2 68.0 34.0 46
Slide 12: Balance Sheet – Assets (1/2)
Balance Sheet – Assets (1/2) Assets (Rs.Crs ) Mar-23 Mar-22 Mar-21 Mar-20 Mar-19 Non – Current Assets Property, plant and equipment 141.5 108.7 97.1 105.1 114.5 Capital work-in-progress 0.1 5.0 0.8 0.0 0.4 Intangible Assets 0.4 0.7 1.1 1.7 2.3 Financial Assets (i) Investments 4.5 0.1 0.1 0.1 0.1 (ii
Slide 13: Balance Sheet – Liabilities (1/2)
Balance Sheet – Liabilities (1/2) Liabilities (Rs.Crs ) Mar-23 Mar-22 Mar-21 Mar-20 Mar-19 Equity Equity Share Capital 10.1 10.1 10.1 10.1 10.1 Other Equity 205.1 146.4 118.7 107.8 104.8 Total Equity 215.2 156.6 128.8 117.9 115.0 Liabilities Non-Current Liabilities Financial Liabilities (1) Borrowin
Slide 14: Cash Flow Statement
Cash Flow Statement Cash Flow Statement (Rs. Crs ) FY23 FY22 FY21 FY20 FY19 Profit before Tax 94.5 44.7 15.6 17.0 19.0 Adjustment for Non-Operating Items -19.4 18.7 16.2 20.4 22.1 Operating Profit before Working Capital Changes 114.0 63.4 31.8 37.4 41.1 Changes in Working Capital 17.4 -50.6 0.9 6.7
Slide 15: Balance Sheet Ratios
Balance Sheet Ratios Long term Debt (Rs. Crs.) Short term Debt (Rs. Crs) Debt to Equity 63.0 28 0.45 0.40 0.25 13 25.0 23.6 0.18 9 17.0 14.0 0.10 0 0 Mar-19 Mar-20 Mar-21 Mar-22 Mar-23 Mar-19 Mar-20 Mar-21 Mar-22 Mar-23 Mar-19 Mar-20 Mar-21 Mar-22 Mar-23 RoCE RoE Working Capital (in Days) 42.3% 37.9
Slide 16: Company Overview
Company Overview 15
Slide 17: Diversified Business Model catering to Varied OEMs in Different Industries
Diversified Business Model catering to Varied OEMs in Different Industries Existing Segments* Earth Moving Industry Mining Mineral Processing Industry Electro Locomotive Steel Plants Cement Construction 16 * Business done is with all OEMs
Slide 18: Diversified Business Model Continued (Future Growth Drivers)
Diversified Business Model catering to Varied OEMs in Different Industries Continued (Future Growth Drivers) Foray into New Segments* Railways Ground Engaging Tools (GETs) Defence 17 * Business done is with all OEMs
Slide 19: Presence across the Globe
Presence across the Globe Denmark Poland South Korea Germany Slovakia USA China Japan India - Headquartered Mexico Thailand Singapore Brazil Australia Export Presence “Two-Star Export House Status holder” Expected to increase the presence in 15+ countries in the next 1 to 2 years Disclaimer: Map not
Slide 20: Experienced Board of Directors
Experienced Board of Directors Mr. Chetan M. Tamboli, Managing Director & CEO • Aged 63 years, a third-generation entrepreneur, is a commerce graduate armed with an MBA Finance from USA • Serving as a CEO since 2003 with total experience of more than 32 years. Looks after strategy, policy making and
Slide 21: Experienced Board of Directors Continued…
Experienced Board of Directors Continued… Mr. Harsh R Gandhi (Independent Non-Executive Director) Mr. Rajiv D Gandhi (Independent Non-Executive Director) • Aged 45 years, is a Bachelor of Science in Management and Owner President • Aged 60 years, is a Commerce Graduate from Bombay University and fir
Slide 22: Future Strategy
Future Strategy 21
Slide 23: Rationalization Measures
Rationalization Measures Initiated a rationalization plan since last 2 years 01 02 03 04 05 Company has set up 5 Hybrid power plant to be Both these plants will Reduction in throughput As a result of our MW Solar Power Plant commissioned on or meet around 80% of the time for processing of continuous
Slide 24: THANK YOU
THANK YOU Company: CIN: L27310GJ1972PLC002033 Name: Mr. Subhash Sharma, CFO Email ID: ss@steelcast.net Investor Relations Advisors: Mr. Ronak Jain Mr. Rajesh Agrawal +91 9820950544 +91 9967491495 ronak.jain@linkintime.co.in rajesh.agrawal@linkintime.co.in 23