Slide 1: Cover letter to BSE for earnings presentation
(vg) WPIL Limited 84/1A, TOPSIA ROAD (SOUTH), KOLKATA - 700 046 TEL. : (91 33) 4055 6800, FAX: (91 33) 4055 6835 WEE : hitp:/Avww.wpil.co.in CIN No. L36900WB1952PLC020274 Date: February 05, 2024 To The Listing Compliance BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street Mumbai — 400 001 Ref: Regul
Slide 2: Earnings Presentation Q3/9M-FY24
EARNINGS PRESENTATION Q3/9M-FY24
Slide 3: Company Snapshot
CO MPANY S NA P S HOT Market Leader in 10 Strategic International End to End Rich Experience Pumps & Manufacturing Presence Across Integrated Pumping of 71 Years Pumping Locations 6 Locations Solutions Systems Strong global presence via Consolidated Partner of choice Proud to be part of focused Orde
Slide 4: Company Overview
COMPANY OVERVIEW
Slide 5: Company Overview
COMPANY OV ERVI EW Operating Revenue (INR Mn) and EBITDA Margins (%) • WPIL Limited is a multinational pumps and systems company, headquartered out of India, with diversified operations covering the entire gamut of the pumping industry incorporated in 1952. 20,000 50.00% 18,000 16,055 45.00% • The C
Slide 6: Global Operations
G LOBAL OPE RATI ONS • After 10 years of growth in exports and experience in global markets it was clear that the next step would need strong local presence 9M-FY24 Revenue Mix (INR Mn) as the engineered pumps clients need life cycle support which has to be built on long term relationships. • Over t
Slide 7: India Operations - State-of-Art Manufacturing Facilities
I NDI A O PE RATI ONS - S T ATE -OF- ART MA NU FACTURI NG F A C I LI TI ES Kolkata Engineered Pump Division is Located about 25 KM from Kolkata, the plant has ~20,000 sq. meters of floorspace. Delhi Delhi Industrial Pump Division is Located about 20 KM from Delhi, the plant has ~49,000 sq. meters of
Slide 8: Business Structure
B U S I NESS ST RUC TURE WPIL Ltd. India International 60% 40% Project Product South Africa Italy Australia 74% 26% 21% 63% 16% Gruppo Aturia Conventional Engineered Drainage Irrigation Municipal Industry Pumps Pumps Pumps AUDOLI & ARIS BERTOLA CHIAPPA % numbers are revenue share as on Q3-FY24 end E
Slide 9: Varied Range of Applications
VA R I ED R A NGE OF A PPL I CATI ONS Irrigation Industrial Municipal Large lift irrigation networks to provide surface water to Used in industries for variety of purposes such as fire fighting, Water Supply & Drainage solutions for Rural and Urban farmers and borehole installations for ground water
Slide 10: Value Proposition
VA LUE PROPOSI TI ON Global Operations Strong R&D Forward integrated Wide product basket Dominant player in supported by Marquee clients recognized by Govt. by providing Turnkey catering to a Industrial Pump subsidiaries and from Top class Of India and solutions and O&M widespread market Sector agen
Slide 11: Q3/9M-FY24 Financial Overview
Q3/9M-FY24 FINANCIAL OVERVIEW EARNINGS PRESENTATION 10
Slide 12: Financial Highlights
F I NANCI AL H I GHLI GHTS Q3-FY24 Standalone Performance Q3-FY24 Consolidated Performance 19.10% INR 4,307 Mn INR 699 Mn 16.24% INR 2,743 Mn INR 524 Mn Operating EBITDA Operating Income Operating EBITDA Operating EBITDA Operating Income Operating EBITDA Margins Margins INR 406 Mn 14.80% INR 41.56/S
Slide 13: Q3-FY24 Operational Highlights
Q 3- F Y24 OPE RATI ONAL H I GHLI GHTS • The completion of the Rutschi sale transaction in the quarter was a watershed event as it greatly strengthened the balance sheet and provided capital for inorganic growth • Project revenues regained traction and improved from INR 130 crores to INR 214 crores
Slide 14: Quarterly Segmental Revenue
S EGMENTAL R E VENUE Product Revenue (INR Mn) Project Revenue (INR Mn) 1.2 1.2 2,231 1 2,178 1 2,321 2,129 QUARTERLY 0.8 0.8 0.6 0.6 0.4 0.4 0.2 0.2 0 0 Q3-FY23 Q3-FY24 Q3-FY23 Q3-FY24 5,999 5,681 5,169 NINE MONTHLY 4,731 9M-FY23 9M-FY24 9M-FY23 9M-FY24 EARNINGS PRESENTATION 13
Slide 15: Order Book
O R DER B OOK Domestic Order Book (INR Mn) 9M - FY24 International Order Book Breakup (%) 39,550 38,350 40,000 35,000 South Africa 30,000 28,040 23% 24,117 Italy 25,000 47% 20,000 15,000 Australia 10,000 30% 5,000 - FY21 FY22 FY23 9M-FY24 Total : ~ 4,521 INR Mn EARNINGS PRESENTATION 14
Slide 16: Quarterly Standalone Financial Performance
Q UART ERLY STANDALONE F I NANCI AL PE R FORMANCE Particulars (INR Mn) Q3-FY24 Q2-FY24 Q-o-Q Q3-FY23 Y-o-Y Revenue from Operations 2,743 1,853 48.0% 2,728 0.6% Operating Expenses 2,219 1,542 43.9% 2,257 (1.7)% EBITDA 524 311 68.5% 471 11.3% EBITDA Margins (%) 19.10% 16.78% 232 Bps 17.27% 183 Bps Dep
Slide 17: YTD Standalone Financial Performance
Y T D STA NDALONE F I NA NCI AL P E R FORMANCE Particulars (INR Mn) 9M-FY24 9M-FY23 Y-o-Y Revenue from Operations 6,419 6,510 (1.4)% Operating Expenses 5,286 5,505 (4.0)% EBITDA 1,132 1,005 12.7% EBITDA Margins (%) 17.64% 15.44% 221 Bps Depreciation 52 42 23.8% Finance Cost 128 83 54.2% Other Income
Slide 18: Quarterly Consolidated Financial Performance
Q UART ERLY CONSOLI DATED F I NA NCI AL PE R FORMANCE Particulars (INR Mn) Q3-FY24 Q2-FY24 Q-o-Q Q3-FY23 Y-o-Y Revenue from Operations 4,307 3,187 35.1% 4,552 (5.4)% Operating Expenses 3,607 2,521 43.1% 3,676 (1.9)% EBITDA 699 667 4.9% 875 (20.1)% EBITDA Margins (%) 16.24% 20.91% (467) Bps 19.23% (2
Slide 19: YTD Consolidated Financial Performance
Y T D CO NSOLI DATED F I NANCI AL PE R FORMANCE Particulars (INR Mn) 9M-FY24^ 9M-FY23 Y-o-Y Revenue from Operations 10,730 10,850 (1.1)% Operating Expenses 8,769 9,198 (4.7)% EBITDA 1,961 1,653 18.6% EBITDA Margins (%) 18.27% 15.23% 304 Bps Depreciation 221 210 5.2% Finance Cost 239 164 45.7% Other
Slide 20: Historical Financial Overview
HISTORICAL FINANCIAL OVERVIEW EARNINGS PRESENTATION 19
Slide 21: Standalone Financial Performance
STANDA LONE F I NANCI AL P E R FORMANCE Particulars (INR in Mn) FY21 FY22 FY23 9M-FY24 Revenue from Operations 3,403 5,298 10,024 6,419 Operating Expenses 2,631 4,432 8,264 5,286 EBITDA 772 866 1,760 1,133 EBITDA Margins (%) 22.69% 16.35% 17.56% 17.65% Depreciation 55 56 55 52 Finance Cost 96 89 121
Slide 22: Standalone Balance Sheet
STANDA LONE BA L ANCE S H EET Particulars (INR Mn) FY22 FY23 H1-FY24 Particulars (INR Mn) FY22 FY23 H1-FY24 EQUITY AND LIABILITIES ASSETS Non-Current Assets a) Equity Share Capital 98 98 98 a) Property, Plant and Equipment 341 741 750 b) Other Equity 5,143 6,472 6,729 b) Capital Work-in-progress - 1
Slide 23: Consolidated Financial Performance
CO NS OLI DATED F I NA NCI AL P E R FORMANCE Particulars (INR in Mn) FY21 FY22 FY23 9M-FY24 Revenue from Operations 9,948 11,813 16,055 10,730 Operating Expenses 8,382 9,710 13,380 8,769 EBITDA 1,565 2,104 2,674 1,961 EBITDA Margins (%) 15.73% 17.81% 16.66% 18.27% Depreciation 369 373 279 221 Financ
Slide 24: Consolidated Balance Sheet
CO NS OLI DATED BA L ANCE S H EET Particulars (INR Mn) FY22 FY223 H1-FY24 Particulars (INR Mn) FY22 FY23 H1-FY24 EQUITY AND LIABILITIES ASSETS a) Equity Share Capital 98 98 98 Non-Current Assets b) Other Equity 6,247 8,001 8,472 a) Property, Plant and Equipment 3,164 3,649 3,599 b) Capital Work-in-p
Slide 25: Consolidated Financial Graphs
CO NS OLI DATED F I NA NCI AL G R A PHS Revenue (INR Mn) EBITDA (INR Mn) & EBIDTA Margins (%) PAT (INR Mn) & PAT Margins (%) 4,00 0 50. 00% 16,055 45. 00% 60. 00% 6179 700 0 3,50 0 40. 00% 2,674 600 0 50. 00% 3,00 0 35. 00% 11,813 10,730 1,961 500 0 9,948 2,50 0 2,104 30. 00% 40. 00% 400 0 1,565 2,0
Slide 26: Capital Market Information
C A P I TAL MA R KET I NFORMATI ON Stock Performance Data (As on 31st December, 2023) 250% 200% 150% 100% 50% 0% -50% Jan-23 Feb-23 Mar-23 Apr-23 May-23 Jun-23 Jul-23 Aug-23 Sep-23 Oct-23 Nov-23 Dec-23 WPIL Return Sensex Price Data (As on 31st December, 2023) INR Shareholding Pattern (As on 31st Dec
Slide 27: Disclaimer
D I S CLAI MER WPIL Limited Disclaimer: No representation or warranty, express or implied, is made as to, and no reliance should be placed on the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Such information and opinions are in all ev
Slide 28: Thank You
Thank You EARNINGS PRESENTATION 27