John Cockerill India Limited · BSE:COCKERILL
John Cockerill India — FY2024 Earnings Presentation
43 slides from John Cockerill India's earnings presentation, Feb 25, 2025
Slide 1: BSE filing cover letter for investor presentation
rJ John ~ Cockerill Ref. : JCIL/BSE/2025 Date : February 20, 2025 To The Secretary, BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai - 400 001 Dear Sir, Scrip Code: 500147 Sub: Investor Presentation for the quarter and year ended December 31, 2024 Ref: Regulation 30 of SEBI (Listing Oblig
Slide 2: John Cockerill India Limited Investor Presentation – February 2025
.... - - - - - - - - - - - - - - - - - - - - - -· John Cockerill India Limited Investor Presentation – February 2025 Revolutionising the Steel Industry… ••••
Slide 3: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by John Cockerill India Limited (the “Company” / “JCIL”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe
Slide 4: Executive Summary
Executive Summary ,., John ~ Cockerill John Cockerill develops large scale industrial solutions with expertise in Designing, Integration, Maintenance and Upgrading equipment • Expertise across – industry, Defense, Energy solutions, Hydrogen and Maintenance services Overview JCIL is John Cockerill In
Slide 5: About Us
About Us ENGINEERING | DESIGN | MANUFACTURING | ERECTION & COMMISSIONING | AFTER SALES
Slide 6: Group Overview
Group Overview rJ John Cockerill 200+ years of Experience Headquartered in Seraing (BE), a Belgian based privately-owned industrial group :------- Areas of Expertise I I 'II I I I I I Industry Defense Energy Solutions I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I
Slide 7: Industry Segment Portfolio
Industry Segment Portfolio John Cockerill Global Industry Segment Portfolio Metals Surface Treatment Metals Business Portfolio Processing and Rolling Iron and Steel Making Technology Services and Energy Efficiency A trusted global supplier of sustainable & high-performance solutions for the steelmak
Slide 8: John Cockerill - Metals Business
John Cockerill - Metals Business ,., John ~ Cockerill Processing & Rolling 01* Metals Business • Product portfolio for both carbon and silicon steel • Processing, coating & pickling lines, cold rolling mill, acid regeneration plant, etc. Iron & Steel Making Technology 02 # Operating out of 4 regions
Slide 9: Key Products
Key Products rJ John Cockerill 01 Processing & Rolling 02 Iron & Steel Making Technology 03 Services & Energy Efficiency • Largely Focused on Downstream • Largely Focused on Upstream Steel • Key focus on revamping of existing Steel Steel Manufacturing Processes Manufacturing Processes Producers Plan
Slide 10: Portfolio Focused on Downstream Steel Processes
Portfolio Focused on Downstream Steel Processes (J u4or ~ ll!J8)1:>0O Carbon Steel Silicon Steel J JC Metals portfolio I Continuous Casting Continuous Casting ¥ t JC Premium/Innovation Technology Slabs f I y t Reheat Furnace JC Premium Techno included (*) HOT ROLLNG Reheat Furnace • t Mini - Mill HS
Slide 11: Revolutionary Technology - Jet Vapor Deposition (JVD)
Revolutionary Technology - Jet Vapor Deposition (JVD)* rJ John Cockerill A breakthrough and Innovative Technology on Zinc Coating Process in downstream steel making process An advanced coating process that vaporizes zinc in a vacuum and deposits it onto steel at sonic speeds, creating a uniform, ada
Slide 12: Roadmap to Enter Upstream Steel Process
Roadmap to Enter Upstream Steel Process UljO(: c ) ll!J8)1:>0O Conventional Routes New Routes I Upstream Expansion roadmap I BF-BOF Scrap-EAF DRI-EAF H2 DRI-EAF Electrolysis ~ T T f T T T ¥ iron ore gas H2 JC Premium / Innovation Tech RAW MATERIALS coal iron ore limestone scrap steel electricity lim
Slide 13: Volteron TM
VolteronTM rJ John 'i; Cockerill Innovative electrochemical process revolutionising upstream steelmaking - VolteronTM co developed between John Cockerill and ArcelorMittal Innovative Process New Technology Platform A first of its kind carbon-free iron extraction and steel The iron plates are process
Slide 14: Steel Sector Outlook
Steel Sector Outlook ENGINEERING | DESIGN | MANUFACTURING | ERECTION & COMMISSIONING | AFTER SALES
Slide 15: Steel Demand Outlook
Steel Demand Outlook rJ Cockerill ~ John • Modest growth expected in the global steel demand, mainly driven by infrastructure projects in developing economies. Steel market : regional context • Three megatrends are likely to play a crucial role in the steel sector’s transition pathway to reach net-z
Slide 16: Opportunities in India
Opportunities in India (?John Cockerill Growing demand for steel Policy support o 100% Foreign Direct Investment, hike in export duty on iron ore, etc. are supportive policies. India’s competitiveness Capacity expansions & revamping o Ministry of Steel has set targets to of older capacities o Availa
Slide 17: JCIL and its Growth Strategy
JCIL and its Growth Strategy ENGINEERING | DESIGN | MANUFACTURING | ERECTION & COMMISSIONING | AFTER SALES
Slide 18: John Cockerill India Limited (JCIL)
John Cockerill India Limited (JCIL)* ~ Cockerill John Background History / Timelines 1 JCIL is John Cockerill Industry’s Indian hub and center of excellence for cold rolling mill complexes. 1986 Incorporation Incorporated as Flat Product JCIL is a global leader in the conception, manufacture, and Eq
Slide 19: Manufacturing Sites in India
Manufacturing Sites in India rJ John 'i; Cockerill Taloja Hedavali Centre of Excellence for Manufacturing of Cold Rolling Mills with Fabrication, Sandblasting and painting facility Spread across quality norms Spread across 25,000 sq. mt. 1,00,000+ sq. mt. Machining Capacity of 1,800 Assembly Capacit
Slide 20: JCIL Development Plan in India
JCIL Development Plan in India ~., John . .;t Cockenll A pivotal step toward bolstering operational capacity, mitigating challenges posed by seasonal conditions and enhancing long-term productivity Increase in production capacity • The addition of 24 assembly stations under a permanent shed will She
Slide 21: Growth Drivers
Growth Drivers ~., John . ~ Cockenll Innovation & Technology To move from conventional steel manufacturing processes to new routes for better efficiencies (e.g. JVD, Volteron) • Market shift Business becomes more regional with local footprint required and effective cost structure Steel Decarbonisati
Slide 22: Business Strategy
Business Strategy r/J John Cockerill l1 Establishing a portfolio of technologies in steelmaking Establish a market relevant portfolio of technologies in green steel, high strength steel and become a global Tier 1 steelmaking solutions provider Foray into upstream steel making processes with focus on
Slide 23: Way Forward - Action Plan
Way Forward - Action Plan New technology and enhancing manufacturing Becoming a trustable partner to develop world class steel plant in partnership with a steel maker and showcase the innovation technologies developed/acquired by John Cockerill. Revamping and strengthening customer services Increase
Slide 24: Key Management Personnels
Key Management Personnels rJ Cockerill ~ John Mr. Francois-David MARTINO Mr. Michael KOTAS Mr. Marc DUMONT Mr. Haresh VALA Chairman Managing Director Chief Financial Officer Company Secretary 25+ years of international management 20+ years of international business 25+ years of finance experience in
Slide 25: Board of Directors
Board of Directors rJ Cockerill ~ John Mr. Francois-David MARTINO Mr. Michael KOTAS Mr. Vivek BHIDE Mr. Frederic LEMAITRE Chairman Managing Director Non-Executive Director Non-Executive Director 25+ years of international management 20+ years of international business 30+ years of international 25+
Slide 26: Exhibiting the JCIL Know-how
Exhibiting the JCIL Know-how r, John ~ Cockerill John Cockerill showcased its latest advancements in sustainable steelmaking METEC INDIA INTERNATIONAL METALLURGICAL TECHNOLOGY, --- -0 i"t'II u:J I technologies and high efficiency manufacturing solutions to empower the nation’s drive towards a greene
Slide 27: Financial Performance
Financial Performance ENGINEERING | DESIGN | MANUFACTURING | ERECTION & COMMISSIONING | AFTER SALES
Slide 28: Chairman's Message
Chairman's Message rJ Cockerill ~ John Commenting on the CY24 results, Mr. Francois-David MARTINO – Chairman says, “JCIL has demonstrated remarkable resilience inspite of prevalent uncertainties across global and domestic markets. This year has been marked by complex economic challenges, including v
Slide 29: Key Highlights for 2024
Key Highlights for 2024 r-J ~ John Cockerill Order Wins ~ Jindal India ArcelorMittal • Signed order for ~INR 1,050 Mn with • Consortium partner for an order of Jindal India ArcelorMittal USA (JCIL Contract value: ~INR 1,030 Mn). • Expected completion by Dec 2025 for Colour Coating Line. • Expected c
Slide 30: Q4 & CY24 Financial Highlights
Q4 & CY24 Financial Highlights ,., John ~ Cockerill Revenue (INR Mn) EBITDA (INR Mn) PAT (INR Mn) ] __ .... - -- --- -- ----- -- --- -- ----- -- --- -- ----- -- --- -- --- /,,,,,-- 6,666 Key Highlights 261 216 3,887 ❖ CY24 has been a challenging period. 127 Revenues for JCIL has been impacted 2,539
Slide 31: Q4 & CY24 Summary of P&L
Q4 & CY24 Summary of P&L ,., John ~ Cockerill Particulars (INR Mn) Q4 CY24 Q4 CY23 YoY CY24 9M Dec’23 Revenue from Operations 723.4 2,539.0 -71.5% 3,887.3 6,666.3 Raw Material Cost 405.4 1,964.3 2,446.8 4,976.2 Gross Profit 318.0 574.7 -44.7% 1,440.5 1,690.0 Gross Margin (%) 44.0% 22.6% 37.1% 25.4%
Slide 32: CY24 Balance Sheet
CY24 Balance Sheet ,., John ~ Cockerill ASSETS (INR Mn) Dec-24 Dec-23 EQUITY AND LIABILITIES (INR Mn) Dec-24 Dec-23 Non-Current Assets Shareholders' Funds Property, Plant and Equipment 474.0 489.1 Share Capital 49.4 49.4 Capital WIP 47.9 7.2 Reserves & Surplus 1,962.1 2,064.5 Investment Properties 4
Slide 33: CY24 Abridged Cash Flow Statement
CY24 Abridged Cash Flow Statement ,., John ~ Cockerill Particulars (INR Mn) CY24 9M Dec’23 Profit/(Loss) Before Tax -71.7 260.7 Adjustments for Non-Cash and Non-Operational Expenses / (Incomes) 49.4 16.0 Operating Profit / (Loss) Before Working Capital Changes -22.3 276.7 Changes in Working Capital
Slide 34: ESG
ESG E Environmental s G Social Governance ENGINEERING | DESIGN | MANUFACTURING | ERECTION & COMMISSIONING | AFTER SALES
Slide 35: Environment Social Governance (ESG) 1/2
Environment Social Governance (ESG) 1/2 ,., John ~ Cockerill Promoting sustainable downstream Promoting sustainable upstream processes processes This technology requires low energy consumption and fastens the Technologies like - Direct Reduced Iron (DRI) using production by 2x times, thus resulting
Slide 36: Environment Social Governance (ESG) 2/2
Environment Social Governance (ESG) 2/2 ,., John ~ Cockerill JCIL is actively implementing energy conservation measures, such as upgrading equipment and Commitment to optimizing factory operations. These initiatives aim to reduce reliance on non-renewable energy and Renewable improve environmental s
Slide 37: Historical Performance
-~-: Qiii 1 Historical Performance ENGINEERING | DESIGN | MANUFACTURING | ERECTION & COMMISSIONING | AFTER SALES
Slide 38: Summary of P&L
Summary of P&L ,., John ~ Cockerill P&L (INR Mn) 9M Dec’23* FY23 FY22 FY21 Revenue from Operations 6,666.3 4,837.0 3,827.8 1,980.6 Raw Material Cost 4,976.2 3,320.3 2,674.1 1,301.5 Gross Profit 1,690.0 1,516.7 1,153.7 679.1 Gross Margin (%) 25.4% 31.4% 30.1% 34.3% Employee Cost 524.9 565.3 497.6 476
Slide 39: Summary of Balance Sheet
Summary of Balance Sheet ,., John ~ Cockerill ASSETS (INR Mn) Dec-23 Mar-23 Mar-22 Mar-21 EQUITY AND LIABILITIES (INR Mn) Dec-23 Mar-23 Mar-22 Mar-21 Non-Current Assets Shareholders' Funds Property, Plant and Equipment 489.1 469.2 484.0 510.1 Share Capital 49.4 49.4 49.4 49.4 Capital WIP 7.2 15.5 6.
Slide 40: Abridged Cash Flow Statement
Abridged Cash Flow Statement ,., John ~ Cockerill Cash Flow Statement (INR Mn) 9M Dec’23* FY23 FY22 FY21 Profit/(Loss) Before Tax 260.7 161.8 44.3 -302.1 Adjustments for Non-Cash and Non-Operational Expenses / (Incomes) 16.0 -59.5 -22.6 111.5 Operating Profit / (Loss) Before Working Capital Changes
Slide 41: Historical Performance
Historical Performance rJ John Cockerill Revenue (INR Mn) EBITDA (INR Mn) Profit Before Tax (INR Mn) 6,666 260.6 260.7 161.8 4,837 94.9 66.5 44.3 3,828 1,981 FY21 FY22 FY23 9M Dec’23* -272.9 -302.1 FY21 FY22 FY23 9M Dec’23* FY21 FY22 FY23 9M Dec’23* I --------------------, I I --------------------,
Slide 42: Key Ratios
Key Ratios rJ John Cockerill Working Capital Days Return on Assets (%) Dividend Payout (%) 98 2.6% 21% 2.2% 19% 1.2% 16% 41 26 0% -24 -6.4% FY21 FY22 FY23 9M Dec’23* FY21 FY22 FY23 9M Dec’23* FY21 FY22 FY23 9M Dec’23* I I --------------------, Return on Capital Employed (%) I I --------------------,
Slide 43: Thank You
Thank You.. For more information, please contact Company: Investor Relations Advisor: rJ John s GAStrat egic Growth Advisors ~ Cockerill John Cockerill India Limited Strategic Growth Advisors Pvt. Ltd. CIN - L99999MH1986PLC039921 CIN - U74140MH2010PTC204285 Mr. Haresh Vala Mr. Nishant Dudhoria / Mr.