Xpro India Limited · NSE:XPROINDIA
Xpro India — Q3 FY2022 Earnings Presentation
36 slides from Xpro India's earnings presentation, Feb 7, 2022
Slide 1: Disclosure under Regulation 30 - Investor Presentation
XPRO INDIA LIMITED xDroindi"d ,. .....aar Birla Building (2nd Floor), 9/1, R. N. Mukherjee Road, Kolkata - 700 001, India Tel. : +91-33-40823700122200600 e-mail : xprocal @xproindia.com February 7,2A?2 National Stock Exchange of lndia Ltd The Dy General Manager "Exchange Plaza", BSE Limited Bandra-K
Slide 2: Xpro India Limited Investor Presentation Q3-FY 2022
Xpro India Limited Investor Presentation Q3-FY 2022
Slide 3: Performance Overview
Performance Overview Q3 FY22 FINANCIAL HIGHLIGHTS
Slide 4: Q3FY22 Results Highlights
Performance Overview Q3FY22 Results Highlights: Total Revenue ❖ Another quarter of strong performance; Rs. 111 Crs ❖ Revenue for Q3FY22 at Rs.111 crs. increased 9% Y-o-Y; + 9% ❖ EBITDA and PAT have increased by 38% and 90% respectively; Y-o-Y ❖ Sustained demand for Dielectric film from domestic and
Slide 5: Key Updates
Key Updates Xpro India Limited intends to pursue material expansion of capacity by adding new manufacturing lines for Dielectric and other technical grades of biaxially oriented BIAX Division Capacity polypropylene film. The first phase would double capacity at its existing facility at Expansion Bar
Slide 6: Q3 FY22 Consolidated Financial Performance
Q3 FY22 Consolidated Financial Performance Revenues (Rs. Crs) EBITDA (Rs. Crs) PAT (Rs. Crs) +9.0% +37.7% +90.2% 102 111 17.9 11.6 13.0 6.1 Q3 FY21 Q3 FY22 Q3 FY21 Q3 FY22 Q3 FY21 Q3 FY22 EPS (in Rs.) EBITDA Margin (%) PAT Margin (%) +88.5% 9.8 16.0% 10.0% 13.0% 6.0% 5.2 Q3 FY21 Q3 FY22 Q3 FY21 Q3 F
Slide 7: 9M FY22 Consolidated Financial Performance
9M FY22 Consolidated Financial Performance Revenues (Rs. Crs) EBITDA (Rs. Crs) PAT (Rs. Crs) Recovery - +45.6% +104.4% (Pandemic impact in Q1FY21) 328.9 46.6 27.5 225.9 22.8 9M FY21 9M FY22 9M FY21 9M FY22 -1.3 9MFY21 9M FY22 EPS (in Rs.) EBITDA Margin (%) PAT Margin (%) Positive Margin 23 14.0% 8.0
Slide 8: Q3 FY22 Profit & Loss Statement
Q3 FY22 Profit & Loss Statement Particulars (Rs. Crs) Q3 FY22 Q3 FY21 Y-o-Y Q2 FY22 Q-o-Q 9M FY22 9M FY21 Y-o-Y (%) Revenue from Operations 111.2 102.0 9% 126.5 -12% 328.9 225.9 46% Cost of Materials Consumed 79.9 73.8 88.3 230.3 153.9 Change in Inventories of finished goods, work-in- -6.6 -3.6 1.2
Slide 9: Historical Performance
Historical Performance Revenue (Rs. Crs) EBITDA (Rs. Crs) PAT (Rs. Crs) +13.4% +248.1% 346.8 354.8 373.4 46.6 27.5 328.9 41.1 30.6 26.5 7.9 2.3 1.2 FY 19 FY 20 FY 21 9M FY22 FY 19 FY 20 FY 21 9M FY22 FY 19 FY 20 FY 21 9M FY22 EPS (in Rs) EBITDA Margin (%) PAT Margin (%) +247.8% 23.3 14.0% 8.0% 11.0%
Slide 10: Capital Disciplined Growth
Capital Disciplined Growth RoCE* (%) RoE# (%) Net Debt to Equity (x) 25.3% 30.0% 2.07 1.89 15.8% 1.42 1.07 10.0% 9.9% 9.2% 2.9% 1.5% FY 19 FY 20 FY 21 TTM H1 FY 19 FY 20 FY 21 TTM H1 FY 19 FY 20 FY 21 TTM H1 Cash Flow from Operations (Rs. Crs.) 47.9 39.3 28.7 21.6 FY 19 FY 20 FY 21 H1 FY22 #RoE = Ne
Slide 11: The Exciting Future
The Exciting Future ∙ The only manufacturer of dielectric films in India meeting about 33% of domestic needs. The balance presently met through imports offers a natural market. ∙ Capacitors essential to electricity distribution and consumption; A growing market with added thrust on infrastructure; B
Slide 12: The Company
The Company An introduction…
Slide 13: Diversified Business Operating In Niche Segments
Diversified Business Operating In Niche Segments Xpro India Limited: Is a diversified multi-divisional, multi-locational business catering to multiple end user industry segments and enjoying a strong Brand Equity Has core competencies in the polymer processing and co-extrusion industry with technica
Slide 14: Diverse Product Range for Specialized Applications
Diverse Product Range for Specialized Applications Dielectric / Capacitor Films Speciality Biaxially Oriented Polypropylene Films Coextruded Plastic Sheets Thermoformed Liners Cast Coextruded Films Investor Presentation Q3-FY22 13
Slide 15: Diversified End Use
Diversified End Use Essential application in high growth & sunrise sectors White Goods, EV & Hybrid vehicles … Investor Presentation Q3-FY22 14
Slide 16: Multi Location
Multi Location Faridabad Coex Division, Greater Noida Delhi Biax Division, Barjora Kolkata Production Mumbai Facilities Coex Division, Hyderabad Ranjangaon Registered Office Corporate Chennai Office Other Offices Investor Presentation Q3-FY22 15
Slide 17: Some of our Valued Partner Clients
Some of our Valued Partner Clients… • Impressive list of customers comprising leading Indian, and Transnational Companies • Xpro a key partner over many years • Customers recognise that Xpro builds in Quality and consistency • Xpro does not compromise in Safety, environment or regulatory requirement
Slide 18: Biax Division
Biax Division THE ONLY DOMESTIC PRODUCER OF CAPACITOR/DIELECTRIC FILMS
Slide 19: Potential Uses of Biax Dielectric films
Potential Uses of Biax Dielectric films Capacitors for hybrid cars and EVs Application areas include ∙ Capacitors for use in Fan, Cooler, ∙ Microwave Oven Capacitors Washing Machine and Air ∙ Low Voltage industrial Power Conditioners Factor Correction Capacitors ∙ Power Transmission & Distribution ∙
Slide 20: Product Portfolio
Product Portfolio Dielectric Grade BOPP Film Dielectric / Capacitor Films • Specialty Biaxially Oriented BOPP Film – very different from packaging grade and other types of BOPP Films; • Xpro Biax Dielectric Films are specially designed polypropylene films manufactured by the stenter process on highl
Slide 21: Manufacturing Facilities
Manufacturing Facilities • Xpro is the only domestic producer of Capacitor/Dielectric Films; • BOPP films produced with main equipment from Bruckner, Germany; • Film technology originally sourced from U.K.; • Dielectric film technology developed in-house is constantly updated; Barjora, West Bengal •
Slide 22: Dielectric Film Unit at a glance
Dielectric Film Unit at a glance Investor Presentation Q3-FY22 21
Slide 23: Key Milestones – Biax Division
Key Milestones – Biax Division 1992 Barjora Established 2002 Metalliser 2003 Pithampur Acquired 2005-09 Pithampur (JV) 2011 Pithampur Merged (exit in 2018) 2015 New Dielectric Film Unit Investor Presentation Q3-FY22 22
Slide 24: Coex Division
Coex Division LEADERSHIP POSITION IN SUPPLIES OF SHEETS/LINERS TO REFRIGERATOR INDUSTRY
Slide 25: Product Portfolio - Coextruded Plastic Sheets
Product Portfolio - Coextruded Plastic Sheets Coextruded Plastic Sheets Multi-layer Co-extruded Sheets • Xpro offers a wide range of mono-layer and coextruded plastic sheets, produced on highly sophisticated equipment based on various thermoplastic resins (such as PS, PP, ABS, PE etc.) specially des
Slide 26: Product Portfolio – Sheet & Thermoformed Components
Product Portfolio – Sheet & Thermoformed Components Sheet Applications • XPRO COEX have several fully automatic specialized lines for continuous vacuum forming for thickwall applications at the Greater Noida and Ranjangaon units; • Thermoforming plants specially designed for high production requirem
Slide 27: Product Portfolio - Cast Coextruded Films
Product Portfolio - Cast Coextruded Films Cast Coextruded Films Xpro Cast Films are produced on the most sophisticated multilayer coextrusion film lines. A wide range of speciality cast films are offered including Release Films Hygiene Films Stretch Wrap Film Soft Blister Film Polyethylene based emb
Slide 28: Manufacturing Facilities
Manufacturing Facilities Greater Noida, (Uttar Pradesh) Ranjangaon, Maharashtra • Xpro is the predominant player and leader in supplies of Sheet/liner to the Indian Refrigerator Industry; • The Coex Division is engaged in the manufacture of Coextruded Multilayer Plastic Sheets and Coextruded Multila
Slide 29: Coex Division at a glance
Coex Division at a glance Investor Presentation Q3-FY22 28
Slide 30: Key Milestones – Coex Division
Key Milestones – Coex Division 1984 1985 1993 & 1996 2001 Sheets Cast Films Significant Significant (Faridabad) (Faridabad) expansion expansion (sheets) (cast films) 2003 2004 2008 2008 Thermoforming Sheets Sheets Thermoforming (Gr. Noida) (new unit (new unit (Ranjangaon) Gr. Noida) Ranjangaon) 2010
Slide 31: Well Recognised
Well Recognised….. A sample representation of awards and other recognition earned by Biax and Coex Divisions of the Company for vendor support, product development, quality and excellence Investor Presentation Q3-FY22 30
Slide 32: Certification
Certification At Xpro, we firmly recognize that total customer satisfaction is the key to our success. Our aim is to build sound customer relationships through creation of value for them, and in the process earn an equitable return for ourselves. Quality is built into products through appropriate ma
Slide 33: Board of Directors
Board of Directors Sri Sidharth Birla (Chairman) Smt. Madhushree Birla (Director) Industrialist with experience in industry and business of about 43 years, is a Science Honors Graduate and Graduate from University of Ahmedabad, was first appointed on the Board of the Company holds a Master’s D egree
Slide 34: Board of Directors
Board of Directors Ms. Suhana Murshed (Independent Director) Sri Utsav Parekh (Independent Director) Holds a Bachelor’s Degree in Commerce with honours. H e has vast and continuing experience of about Ms. Suhana Murshed i s a Partner at Khaitan & Co and is based in Kolkata, West Bengal. She has exte
Slide 35: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Xpro India Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities
Slide 36: Thank You
Thank You Company Investor Relations Advisor Xpro India Limited Orient Capital (a division of Link Group) CIN: L25209WB1997PLC085972 Mr. Faraz Ahmed : +91 9619705150 faraz.ahmed@linkintime.co.in Mr. Amit Dhanuka amit.dhanuka@xproindia.com Mr. Rajesh Agrawal:+91 9967491495 rajesh.agrawal@linkintime.c