Slide 1: Investor Update FY'09 – Electrotherm (India) Limited
29 June 2009 Investor Update FY’09… Electrotherm (India) Limited Diversified performance of global excellence
Slide 2: Performance Review – FY'09
Performance Review – FY’09 -16.41% 26.97% 14.09% Revenue EBITDA PAT INR 16,828MM INR 2,441MM INR 515MM Total Revenues up 26.97% from INR 13,254MM in FY08 to INR 16,828MM in FY09 driven by growth in Special steel segment where revenues jumped by 35% in FY’09 Export sales jumped by 50% in FY’09 to
Slide 3: Revenue Breakdown
Revenue Breakdown FY’08 FY’09 3.49% 2.76% 24.61% 21.05% 71.90% 76.19% Engineering Steel Electric Vehicles Engineering Steel Electric Vehicles FY’08 Revenues: INR 13,254MM FY’09 Revenues: INR 16,828MM 2
Slide 4: Consolidated Revenues
Consolidated Revenues (INR million) 16,828 18,000 16,000 13,254 14,000 12,000 10,000 7,248 8,000 6,000 3,447 4,000 1,838 2,000 0 FY05 FY06 FY07 FY08 FY09 3
Slide 5: Consolidated Operating Income (EBITDA)
Consolidated Operating Income (EBITDA) EBITDA = INR million EBITDA Margin = % 3,000 18.0% 16.1% 16.0% 2,500 15.8% 14.5% 13.2% 14.0% 2,000 12.0% 10.0% 1,500 9.4% 8.0% 2,140 2,441 1,000 1,142 6.0% 4.0% 500 172 455 2.0% - 0.0% FY05 FY06 FY07 FY08 FY09 EBITDA EBITDA margin 4
Slide 6: Engineering & Project Division
Engineering & Project Division Revenues (INR million) Recent Development Electrotherm started its Transformer Division and the 3,578 3,500 1st order of transformer was executed in Jan’09. The 3,281 division is now in commercial operations. 3,000 2,500 2,000 FY08 FY09 Future Plans The company has
Slide 7: Special Steel Division
Special Steel Division Revenues (INR million) Recent Development 1st indigenously designed Micro Mini Blast Furnace 15,000 (MBF) became fully operational and the 2nd MBF 12,951 12,000 which is under erection was supervised by Chinese 9,585 technicians and will go on stream by Aug 09 9,000 6,000 3,
Slide 8: Special Steel Division
Special Steel Division Production (Metric Tonne) 202,849 80,798 250,000 163,952 100,000 68,537 138,967 200,000 80,000 46,873 150,000 60,000 100,000 40,000 MS Billets TMT Bars 50,000 20,000 0 0 FY07 FY08 FY09 FY07 FY08 FY09 47,031 42,298 37,340 50,000 50,000 40,000 21,476 40,000 30,000 30,000 12,291
Slide 9: Electric Vehicles Division
Electric Vehicles Division Revenues (INR million) Recent Development Launched new models which will compete with 500 scooters (previous models were competing with 400 Mopeds) The speed at which Yo-bykes can run has been 300 increased to 50KM per hour 200 469 464 100 - FY08 FY09 Future Plans Pl
Slide 10: Shareholding Pattern (%)
Shareholding Pattern (%) Investor Jun’08 Sep’08 Dec’08 Mar’09 Promoters (A) 29.16 32.27 32.27 33.57 Institutional Investors DIIs 1.64 1.53 1.40 0.10 FIIs 12.66 12.11 12.09 12.09 Sub Total (B) 14.30 13.64 13.49 12.19 Non Institutional Investors Individuals 11.90 11.52 11.47 11.60 Body Corporate 31.00
Slide 11: Clients we Serve
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Slide 12: Major Interventions for Organization Transformation
Major Interventions for Organization Transformation Engaged IBM for implementation of SAP to improve overall effectiveness of organization by managing various resources through SAP. Engaged KPMG for Organization building through HR capability building. Launched “People First Initiatives” for H
Slide 13: Recent Happenings
Recent Happenings Electrotherm has deferred its demerger scheme for the time being till the markets get back on the right track. The company has taken the decision after consulting its equity partners. 12
Slide 14: Consolidated Income Statement
Consolidated Income Statement Figures in INR million FY'08 FY'09 Y-oY Growth Total Revenues 13,254 16,828 27.0% Other Income 68 87 Increase (Decrease) in Stock 63 903 Material Costs (8,677) (11,896) 37.1% Power & Fuel charges (915) (966) 5.6% Other Manufacturing expenses (760) (1,145) 50.7% Employee
Slide 15: Key Ratios
Key Ratios Ratio Analysis FY'08 FY'09 Growth Ratios Net Sales 82.9% 27.0% EBITDA 87.4% 14.1% EBIT 89.0% 5.6% Net Profits 44.6% (16.4%) Return ratios EBITDA margin 16.1% 14.5% EBIT margin 13.7% 11.4% Net Profits margin 4.7% 3.1% RoE* 22.9% 13.7% RoCE** 20.6% 13.6% Per Share Data (INR) EPS 67.44 45.81
Slide 16: Thank You
Thank You Tapan Jindal / Manoj Goel ARC Financial Services (P) Ltd tapan@arc-fs.com / manoj@arc-fs.com +91 11 4562 2127 / +91 11 4562 2128
Slide 17: Disclaimer
Disclaimer Forward Looking Statements Certain statements in this document with words or phrases such as “will”, “should”, etc., and similar expressions or variation of these expressions or those concerning our future prospects are forward looking statements. Actual results may differ materially from