Gmm Pfaudler Limited · NSE:GMMPFAUDLR
Gmm Pfaudler — Q4 FY21 Earnings Presentation
28 slides from Gmm Pfaudler's earnings presentation, May 28, 2021
Slide 1: Earnings Presentation – Q4 2021
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by GMM Pfaudler Limited (the "Company’) solely for your information and for your use and may not be taken away, distributed, reproduced, or redistributed or passed on, directly or indirectly, to any other person (whether within or outside your organizat
Slide 3: Agenda
Agenda Oi Welcome address — Priyanka Daga CL) Business update — Tarak Patel Q) Financial performance update — Manish Poddar / Alexander Poempner Q) Integration update — Tarak Patel OQ) Outlook — Tarak Patel L) Q&A session GMM Pfaudler™ 3 Defining the standard
Slide 4: Business Update
Business Update : Resilient |! M&A i | it . ' + Robust | |_Business__ | Completed || “HoPal Company; j Rs Tooor rere Outlook * DDPSI * 40% global * Strong Hyderabad market share Alealtemy . . 0 [FAIL order financial + Pfaudler O als consolidated backl performance International manufacturing to a © .
Slide 5: Standalone
Standalone GMM Pfaudler™ Defining the standard
Slide 6: Standalone Results — Q4 FY21
Standalone Results — Q4 FY21 \_Y REVENUE 1,900 68% 1,134 = ws QUFY20 Q4FY21 PAT 315 100 Q4FY20 Q4FY21 Figures in INR Mn EBITDA Q4FY20 523 Q4FY21 1,274 Q4FY20, ORDER INTAKE 1,907 Q4FY21 GMM Pfaudler Defining the standard @
Slide 7: Standalone Results — FY21
Standalone Results — FY21 \_Y REVENUE 6,408 5,164 24% FY20 FY21 PAT 621 53% FY20 FY21 Figures in INR Mn EBITDA 1,536 FY20 FY21 ORDER BACKLOG 4,158 3,223 FY20 FY21 GMM Pfaudler Defining the standard @
Slide 8: Standalone & Mavag*
Standalone & Mavag* G M M Pfa ud ler *Excluding Pfaudler International acquisition Defining the standard
Slide 9: Standalone & Mavag* Results — Q4 FY21
Standalone & Mavag* Results — Q4 FY21 \_Y 9 REVENUE 63% 2147 * a Q4FY20 QUFY21 PAT 362 116 Q4FY20 Q4FY21 Figures in INR Mn EBITDA Q4FY20, Q4FY21 *Excluding Pfaudler International acquisition ORDER INTAKE 2,395 1,453 Q4FY20, Q4FY21 GMM Pfaudler Defining the standard @
Slide 10: Standalone & Mavag* Results — FY21
Standalone & Mavag* Results — FY21 10 REVENUE FY20. 7572 5911 28% FY20 FY21 PAT 1,053 FY21 *Excluding Pfaudler International acquisition \_Y Figures in INR Mn EBITDA 4111 FY20 FY21 3,819 FY20. ORDER BACKLOG 5,565 FY21 GMM Pfaudler Defining the standard @
Slide 11: Pfaudler International (PFI)
Pfaudler International (PFI) GMM Pfaudler™ Defining the standard
Slide 12: Business Update
Business Update Pfaudler International business has shown resilience with improved revenue, profitability and order intake QO) Site modernization projects in Germany, China and Italy completed and now fully operational QO Europe: Solid operational and financial performance * Turnaround measures in G
Slide 13: PFI Results* — Last Twelve Months (LTM) ending March
PFI Results* — Last Twelve Months (LTM) ending March 13 VENUE 13,740 12,827 7% LTM Mar '20 LTM Mar '21 ORDER BACKLOG 9,268 7,843 18% Mar '20 Mar '21 *Pro-forma Management Reporting converted to IFRS (unaudited) Fx rates assumed constant for Mar’ 20 and Mar ‘21 ** Adjusted for one-time / non-recurrin
Slide 14: Consolidated Results
Consolidated Results GMM Pfaudler™ Defining the standard
Slide 15: Consolidated Results — FY21 (1/2)
Consolidated Results — FY21 (1/2) BUSINESS PERFORMANCE IMPROVED —- BOTTOM-LINE CONTAINS ONE-TIME COSTS AND NON-CASH PPA ADJUSTMENTS (in Rs Million) Particulars Revenue from Operations sults FY20 Standalone & Mavag PFI Results FY21 (Note i) PFI Acquisition Related (Feb+Mar '21) PPA Impact (Note iii)
Slide 16: Consolidated Results — FY21 (2/2)
Consolidated Results — FY21 (2/2) BALANCE SHEET Particulars FY21 FY20 Particulars FY21 FY20 Fixed Assets 5,240 1,108 Shareholder's equity 4,071 3,291 Goodwill & Intangibles 5,166 244 Non-controlling interests 1,233 ie) Receivables 3,096 743 Debt 4917 112 Inventory 5,849 1,258 Pension liabilities 4,5
Slide 17: Integration Update
Integration Update GMM Pfaudler™ Defining the standard
Slide 18: Project Apollo
Project Apollo Phase 1 Planning Phase 2 Execution 18 Senior management decided to initiate work on company-wide integration project Steering committee and PMO formed Project Apollo formally launched on March 1, 2021 and communication rolled out to all employees Define project charters and various wo
Slide 19: On Track to Achieve Synergies
On Track to Achieve Synergies Steel Cost Savings | 34 Operational Excellence Value Sourcing mplement GMM's lean- production model cross manufacturing sites to increase een Leverage GMM's low-cost capabilities to | : increase market share and margins across | H tot roa H Hl Capture customer wallet sh
Slide 20: GMM Pfaudler™
GMM Pfaudler™ Defining the standard
Slide 21: Outlook - India
Outlook —- India OQ) Growth momentum to continue with steady margins Q) Robust order backlog across all business lines QO) Focus on growing after-market business with addition of new service centers QO) Leveraging Pfaudler’s global network to increase exports Q) Nacharam facility fully operational w
Slide 22: Outlook — International
Outlook — International 22 QO) Focus on business stabilization and margin improvement QO) Order backlog remains strong driven by capacity expansions in Europe and Americas Q All site relocations complete and manufacturing momentum picking up across all locations QO) Integration and cost optimization
Slide 23: Appendix
Appendix GMM Pfaudler™ Defining the standard
Slide 24: Standalone Results — FY21
Standalone Results — FY21 Figures in INR Mn BALANCE SHEET Particulars FY21 FY20 Particulars FY21 FY20 Fixed Assets LA74 1,048 Shareholder's equity 3,574 2711 Goodwill & Intangibles 320 241 Non-controlling interests Oo ie) Receivables 1130 595 Debt 1054 112 Inventory 1127 1110 Pension liabilities ie)
Slide 25: Consolidated Results — Q4 FY21
Consolidated Results —Q4 FY21 BUSINESS PERFORMANCE IMPROVED —- BOTTOM-LINE CONTAINS ONE-TIME COSTS AND NON-CASH PPA ADJUSTMENTS (in Rs Million) Standalone & PFI Acquisition Related (Feb+Mar '21) Parenter Mtewelg PFI Acquisition PPA Impact Consol/ ' (Note i) Related (Note iii) Eliminations Q4 FY21 Cc
Slide 26: Pfaudler International Acquisition Related
Pfaudler International Acquisition Related Total Particulars PFI Acquisition Related PPA Impact A B C A+B+C Revenue from Operations 2,558 2,558 Cost of materials consumed 845 845 Changes in inventories of FG and WIP 9 457 466 Employee benefits expense 990 990 Labour Charges 18 18 Other expenses 519
Slide 27: PPA and Acquisition Related Costs
PPA and Acquisition Related Costs Figures in INR Mn PPA Adjustments é#é#### —-——[(](——[[[[[——_—_———_— \isishssisiaisaiataisistsisialslststsitisisssisaiiasiaaae | P&L impact d aN Per IND AS 103 Business Combination; assets valued at FMV and intangibles valued (with respective amortisation period) - P
Slide 28: Thank You
Thank You GMM Pfaudler™ Defining the standard