Lloyds Engineering Works Ltd · NSE:LLOYDSENGG
Lloyds Engineering Works — FY2024 Earnings Presentation
37 slides from Lloyds Engineering Works's earnings presentation, May 2024
Slide 1: Cover letter to stock exchanges
± www.lloydsengg.in © CIN: L28900MH1994PLC081235 L L O YD S E NG IN EE R IN G W O R K S L IM ITED * infoengg@lloyds.in (Formerly known as Lloyds Steels Industries Limited) RS/LLOYDSENGG/BSEL-NSEL/2023/347 Date: 02.05.2024 The Department of Corporate The National Stock Exchange of India Services, Lim
Slide 2: Lloyds Engineering Works Ltd Investor Presentation May 2024
LLOYDS ENGINEERING WORKS LTD (LEWL) Investor Presentation May 2024
Slide 3: Disclaimer
Disclaimer The information contained herein has been prepared by Lloyds Engineering Works Ltd.(LEWL”) relying on information obtained from sources believed to be reliable but LEWL does not guarantee the accuracy or completeness of such information. Except for statements of historical facts, the info
Slide 4: Contents
Contents . Quarterly Results About Us Business Overview Investment Thesis Financials & Shareholding
Slide 5: Q4 & 12MFY24
: : Q4 & 12MFY24
Slide 6: Q4 & FY24 - Snapshot
Q4 & FY24- Snapshot Highest Annual EBITDA Growth of Revenue of ₹624 cr ; PAT growth of ~2x YoY 87% YoY for FY24 growth of ~100% YoY The area under Q4 EBITDA grew by Manufacturing has FY24 EBITDA margins 110% YoY grown by 2.6x in the at 17.17% last 2 years. Company received Strong Pipeline of Robust
Slide 7: Q4FY24 & FY24 – Result Highlights
Q4FY24 & FY24 – Result Highlights ₹ Crores Revenue EBITDA PAT 187.90 29.73 21.13 8.08% 110.32% 229.26% YoY YoY YoY 14.13 173.85 6.42 Q4FY23 Q4FY24 Q4FY23 Q4FY24 Q4FY23 Q4FY24 108.44 79.84 624.24 99.69% 86.82% 116.82% YoY YoY YoY 58.04 312.61 36.82 # FY23 FY24 FY23 FY24 FY23 FY24 #Excliuding Exceptio
Slide 8: Few project/product deliveries- FY24
Few project/product deliveries- FY24 7
Slide 9: Key Highlights
Key Highlights Q4FY24 continued its robust performance, with revenue growing by 8.08% YoY led by efficient execution. For FY24 revenue grew robustly by 99.69% YoY to ₹624.24 cr EBITDA for Q4FY24 grew to ₹29.73 cr from ₹14.13 cr in Q4FY23; a growth of robust 110.32% YoY ; Margins For Q4FY24 stood hea
Slide 10: Management Commentary
Management Commentary Mr Shreekrishna Gupta, the Whole time Director commented on FY24’s performance: “We are delighted to announce the exceptional performance of Lloyds Engineering in FY24, showcasing robust revenue growth fueled by our unwavering commitment to efficient execution and operational e
Slide 11: Q4 & FY24 – Profit & Loss
Q4 & FY24 – Profit & Loss Particulars (₹ crores) Q4FY24 Q4FY23 YoY Q3FY24 QoQ FY24 FY23 YoY Revenue 187.90 173.85 8.08% 201.44 -6.72% 624.24 312.61 99.69% Other Income 2.96 1.25 136.32% 1.17 152.73% 7.44 5.80 28.36% RM consumed 131.56 143.15 -8.10% 128.42 2.44% 402.65 188.15 114.01% Employee 7.84 5.
Slide 12: Balance Sheet
Balance Sheet Particulars (₹ Crores) FY23 FY24 Fixed Assets 27.07 61.94 Capital Work In Progress 25.55 10.65 Goodwill 0.96 0.96 Right To Use 5.30 14.59 Other Assets 3.28 34.87 Sub-Total Non Current Assets 62.17 123.00 Inventories 114.58 101.98 Trade Receivables 29.09 151.81 Cash & Cash Equivalents 8
Slide 13: About Us
LLOYDS: ENGINEERING WORKS
Slide 14: About Us: Providing Innovated Industrial Solutions
About Us Providing Innovated Industrial Solutions A Product Engineering Solutions company We have developed a host of capabilities to deliver The engineering business was started by its superior and customised solutions to our client operations in 1974 and is a complete Process plant equipment-provi
Slide 15: Sector Variegation- Catering to diversified sectors
Sector Variegation- Catering to diversified sectors Partnering to bridge the gap in the nation’s infrastructure needs with our sustainable & efficient business model Hydrocarbon Steel Ports, Jetties& Power Nuclear Marine /Navy Refineries Fabrication of Manufacturing Design, Manufacturing various equ
Slide 16: Business Overview
Business Overview wr, —s at “ a be G. é > —— > e aN a > ‘) J A "7, 7 — es) / Vey 2 NJ ze, me — *
Slide 17: Our Forces – Unified and Client-Centric approach
Our Forces – Unified and Client-Centric approach Playing on Strengths to deliver robust output in the most efficient manner Single Location Manufacturing Five Decades of Experience The company has its state-of-the-Art Enriched experienced has facilities located in Murbad, Thane. All established Bran
Slide 18: Strategic Plant Location
Strategic Plant Location All workshops being adjacent to each other brings in the logistic advantage. The single location of the plant with all workshops adjacent to each other helps in better absorption Shop A of Overhead costs Shop B & C A centralised Raw Murbad, Thane Material procurement system
Slide 19: Multi Product offerings – Product portfolio across Multiple Sectors
Multi Product offerings – Product portfolio across Multiple Sectors Order Book (Sector-Wise) Boilers / Hydrocarbons Ports, jetties/ As of 31st March 2024 Power/ / Dryers/ Steel Plant marine/ Chemicals Refineries Equipment Defence POWER 39.50% STEEL 38.41% HYDRO CARBON CIVIL 7.00% 8.36% DEFENCE MARIN
Slide 20: Our Offerings and Solutions
Our Offerings and Solutions Pressure Vessels Column 19
Slide 21: Our Offerings and Solutions
Our Offerings and Solutions Heat Exchangers Air/Gas Drying Systems 20
Slide 22: Our Offerings and Solutions
Our Offerings and Solutions Boilers Steel Plants Equipment 21
Slide 23: Broad-Based Clientele
Broad-Based Clientele il, Lowes i Mi, ® 2? TOTAL SS (EIL) — BNBEC Pree | ww thyssenkrupp Re [oc> @ ADITYA BIRLA GROUP | tt a aR a = Ppl | {8} Le) AM/NS INDIA Rashtriya Chemicals and Fertilizers Limited a» & oe WELSPUN CPCT SMS © group NY IndianOil |
Slide 24: Certifications & Approvals
Certifications & Approvals 23
Slide 25: Technological Tie-ups
Technological Tie-ups The company in FY24 firmed up various technological tie-ups in the likes of: i) A Memorandum of Understanding (MOU) with The Material Works, Ltd. (TMW) for the transfer of cutting-edge and environmentally friendly technology, Eco Pickled Surface (EPS Gen 4), for pickling of all
Slide 26: More than Four Decades of Experience
More than Four Decades of Experience Mr Shreekrishna Gupta Shri. Mukesh R. Gupta Whole Time Director Chairman & Whole Time Director Krishna has great experience as an entrepreneur and A Commerce Graduate and successful Industrialist has successfully started and created two brands in very having a va
Slide 27: Investing in Lloyds Engineering Works
Investing in Lloyds Engineering Works
Slide 28: Sustainability, Profitability and Quality of Growth
Investing in Lloyds Engineering Works: Sustainability, Profitability and Quality of Growth Profitable Sustainable Equitable Building large capacities to pave the way Capacity for future growth Its 2.89x of FY23 & 1.45x of FY24 Sales. Order Book The order book has grown 32.42% YoY. The company’s Debt
Slide 29: Robust Order Book – A Growth Driver
Robust Order Book – A Growth Driver Order Book Movement (₹ Crores) With a larger base of the Efficient Execution order book to begin FY24; the roadmap is relatively steady to deliver higher growth in the coming years. The company plans to systematically grow to build # over the more extensive base.
Slide 30: Order Book Status
Order Book Status Order Book -April 2023 New Orders –FY24 Order Book –Mar 2024 ₹682.94 cr ₹849.51 cr ₹904.32 cr POWER POWER 29.22% STEEL 39.50% POWER STEEL 43.61% 28.10% 33.90% STEEL 38.41% HYDRO HYDRO CARBON CARBON HYDRO 14.76% 5.60% CIVIL CARBON 10.33% 7.00% CIVIL 8.36% DEFENCE CIVIL Misc DEFENCE
Slide 31: Capex: New Manufacturing Capacities
New Manufacturing Capacities – To support increasing order book & Future growth ▪ LEWL has already begun enhancing its capacities. ▪ Capacity expansion of ~2x underway, thus providing solid headroom to grow. ▪ Modernising & overhauling the asset base to deliver superior growth. Enhancing & Enabling
Slide 32: Industry Tailwinds – Long-term Play on Structural growth story
Industry Tailwinds – Long-term Play on Structural growth story National Infrastructure Pipeline to unleash mega Capex : On a structural upswing (₹ trn) opportunities (Fy20-25) 23 21 ₹ 36.66 trn Ports, Roads, railways 18.9 sector 14.6 16 12.7 14.5 ₹ 26.90 trn Energy & Power sector Industrial & Other
Slide 33: Value Creation
Aiming towards higher returns… To be established as an advanced and critical equipment manufacturing company, giving 2030 complete solutions to various industries in a customised manner Building Technological Bandwith to get into new sectors • Strong Pipeline to its Robust Value Creation Delivering
Slide 34: Financials
Financials
Slide 35: Financials At a Glance
Financials At a Glance Annual Revenue EBITDA & PAT Return Ratios (%) ₹ Crores 26.02 624.24 108.4 24.18 79.8 19.42 18.85 312.6 58.0 8.37 36.8 114.5 14.5 70.1 1.28 4.39 50.1 5.4 2.5 3.1 0.5 6.0 0.93 FY20 FY21 FY22 FY23 FY24 FY21 FY22 FY23 FY24 FY20 FY21 FY22 FY23 FY24 Series1 Series2 RoCE RoE Quarterl
Slide 36: Shareholding Structure
Shareholding Structure Price Movement (₹) Shareholding as of 31st March 2024 (%) 80.00 70.00 60.00 50.00 40.00 Public, 42.55% 30.00 Promoters, 20.00 57.25% 10.00 0.00 Particulars Number of shares 114.46 crore shares Exchange NSE: LLOYDSENGG BSE: LLOYDSENGG, 539992 Market cap (as on 31st March 2024)
Slide 37: Thank You
Thank You lloyds_ir@lloyds.in www.lloydsengg.in +91 9892183389
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