Tega Industries Ltd. · NSE:TEGA
Tega Industries — Q1 FY23 Earnings Presentation
21 slides from Tega Industries's earnings presentation, Aug 8, 2022
Slide 1: Tega Industries Limited Investor Presentation August 2022
TEGA INDUSTRIES LIMITED PART NE RS HIP S I N P RAC T I C E Investor Presentation August 2022 1
Slide 2: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Tega Industries 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 secur
Slide 3: Tega Industries Limited – Company Overview
Tega Industries Limited – Company Overview Immunity from Capex Cycles ▪ Cater to after-market spend recurring revenues Continuous Design Innovation ▪ Launched DynaPrime in 2018 – a composite liner of rubber & steel Leading manufacturer & Commenced Catering to global mineral Inorganic Strategy distri
Slide 4: Evolution into a Global Multi-product Player
Evolution into a Global Multi-product Player Foundation Buyout Intellectual Property, Initial Public Additional Patent, Acquisition Offering Greenfield Project Collaboration of our Buyout by Madan Mohan • Grant of patent in relation The shares of the company Promoter, Madan Mohan Mohanka of Skega AB
Slide 5: Corporate Structure
Corporate Structure Tega Industries Ltd Material Subsidiaries1 100% 100% 100% 100% 50% JV Tega Industries Tega Industries Tega Holdings Africa Proprietary Losugen Pty Ltd Hosch Chile SpA Pte Ltd Ltd. Holdings Pte Ltd 1 Shown above are material subsidiaries. The company also holds other wholly owned
Slide 6: Q1 FY23 Performance Highlights
Q1 FY23 PERFORMANCE 6 HIGHLIGHTS
Slide 7: Q1 FY23 Performance Highlights
Q1 FY23 Performance Highlights Q1 FY23 YoY Operating Revenue +41% Rs. 2,444 mn Operating EBITDA +96% Rs. 461 mn Margin at 18.9% PAT +94% Rs. 230 mn Margin at 9.4% 7
Slide 8: Consolidated Financial Performance
Consolidated Financial Performance Operating Revenue Operating EBITDA & PAT & PAT Margin Margin +41.1% 2,444 19% 9% 14% +96.2% 1,732 7% 461 +94.0% 231 235 119 Q1 FY22 Q1 FY23 Q1 FY22 Q1 FY23 Q1 FY22 Q1 FY23 All figures in Rs mn
Slide 9: Key Investment Highlights
KEY INVESTMENT HIGHLIGHTS 9
Slide 10: Key Investment Highlights
Key Investment Highlights Diverse & Innovative Products Insulated from Capex with Low Substitution Threat 1 2 Cyclicity of Mining Players Diverse Global Presence with Strong R&D leading to Multiple Patents, with focus on Quality 3 Strong Global Manufacturing 4 & Sales Capabilities Consistent Growth
Slide 11: 1. Diverse & Innovative Products
1. Diverse & Innovative Products Specialized, ‘critical to operate’ and recurring consumable Sale of Sale of Products Services products Flagship products Specialized Plant Audit Mill liners Hydrocyclones Screens & Trommels Conveyor Products Consultancy Spillex Supply of Individual Spare Rapido Parts
Slide 12: 2. Insulated from Capex Cyclicity of Mining Players
2. Insulated from Capex Cyclicity of Mining Players Upfront capex & After-market spend over the lifecycle of a mill 1x 3x Approx. split Upfront After market spend Capex Recurring cost for miners Majority of our products are linked to the operating expenditure budget of a mining site, thus immune fro
Slide 13: 3. Strong R&D leading to Multiple Patents
3. Strong R&D leading to Multiple Patents Track record of bringing multiple innovative products to the market 2018 – Rapido 2018 – DynaPrime 2016 – Chutes 2015 – Trommels • In-house R&D team comprises 36 personnel • We do not rely on outsourcing: reduces our dependence • R&D & manufacturing capabili
Slide 14: 4. Diverse Global Presence - Manufacturing & Sales Capabilities
4. Diverse Global Presence - Manufacturing & Sales Capabilities Chile South Africa Australia International Commissioning/Acquisition: 2011 Commissioning/Acquisition : 2006 manufacturing Product capabilities: Commissioning/Acquisition: 2010 Product capabilities: Mill liners, Trommels, Chute liners, P
Slide 15: 5. Consistent Growth & Long-Term Repeat Business
5. Consistent Growth & Long-Term Repeat Business Entry barriers helps maintain high margins over Robust market position time with revenues from operations growing at 14.5% CAGR (FY19-22) Successfully maintained operational efficiency levels whilst completing acquisitions, JVs & Built Inherent Streng
Slide 16: 6. Track Record of Successful Inorganic Growth Strategy
6. Track Record of Successful Inorganic Growth Strategy JV in 1991 Acquisition in 2006 Acquisition in 2010 Acquisition in 2011 • Assistance from Hosch • Expand operations globally • Increased market share in • Access to the Latin American England covering aspects Australia by acquiring markets inclu
Slide 17: Key Growth Drivers Going Forward
Key Growth Drivers Going Forward Gain market share & Leverage in-house R&D to Expand manufacturing Explore opportunities for Operational efficiencies & customer wallet share grow product offerings & capabilities to optimise inorganic growth margin expansion across high growth capitalize on future ec
Slide 18: Leadership Team
LEADERSHIP TEAM 18
Slide 19: Experienced Board of Directors
Experienced Board of Directors Madan M. Mohanka Mehul Mohanka Syed Yaver Imam Chairman and Executive Managing Director and Executive Director Director Group CEO Appointed: Since inception Appointed: Jun-02 Appointed: Jul-05 Background: Background: Background: • Promoter, Founder and Chairman • One o
Slide 20: Management Team
Management Team • One of the Promoters of the Company, MD & Group CEO • Associated with Tega for four decades Mehul Mohanka • Associated with Tega for almost two decades Syed Yaver Imam • Joined as a Trainee in 1981 and climbed up MD and Group CEO Director – Global the ladder • Master’s degree in Bu
Slide 21: Thank You
THANK YOU Mr. Manoj Kumar Agarwal Director Global Finance, Chief Financial Officer investor.relations@tegaindustries.com Mr. Nachiket Kale +91 9920940808 nachiket.kale@linkintime.co.in Mr. Rajesh Agrawal Sr. Vice President +91 99674 91495 Rajesh.Agrawal@linkintime.co.in