Kabra Extrusiontechnik Ltd. · NSE:KABRAEXTRU
Kabra Extrusiontechnik — Q4 FY2023 Earnings Presentation
32 slides from Kabra Extrusiontechnik's earnings presentation, May 16, 2023
Slide 1: Exchange filing cover letter
KET/SEC/SE/2023-24/15 May 16, 2023 BSE Limited National Stock Exchange India Ltd. Floor 25, Phiroze Jeejeebhoy Tower, Exchange Plaza, C-1, Block-G, Dalal Street, Bandra Kurla Complex, Bandra (East), Mumbai – 400 001 Mumbai-400051 Scrip Code: 524109 Stock Code: KABRAEXTRU Dear Sirs, Sub: Investor Pre
Slide 2: Kabra ExtrusionTechnik Ltd Investor Presentation May 2023
Kabra ExtrusionTechnik Ltd Investor Presentation | May 2023
Slide 3: Table of Content
Table of Content Company Snapshot 3 Battrixx Business 5 Extrusion Machinery Business 15 Financial Highlights 18 Annexures 25
Slide 4: Company Snapshot
Company Snapshot
Slide 5: Company Snapshot
Company Snapshot Extrusion Machinery Business Battrixx Particulars (Established Market Leader) (Emerging Leader in an EVolving Segment) • Battrixx is a battery related solutions for electric mobility and • India’s premier manufacturer & exporter of extrusion plants energy storage Business Overview •
Slide 6: Battrixx Business
Battrixx Business
Slide 7: Our Journey so Far
Our Journey so Far Started as low Became co-design, technology & low development and automation manufacturing battery pack partners for the Partner of Choice assembler OEMs for our customers 1 2 3 4 5 6 Acquired Licence Design Invested in advanced Added capabilities & Manufacturing manufacturing and
Slide 8: Battrixx – Where We Aspire for Leadership
Battrixx – Where We Aspire for Leadership Largest chemistry agnostic battery pack manufacturer Culture of continuous innovation through strong R&D capabilities Real time data feedback loops Capability to manufacture safe, optimum and regulatory compliant battery packs Enjoys long term co-development
Slide 9: Largest Chemistry Agnostic Battery Pack Manufacturer
Largest Chemistry Agnostic Battery Pack Manufacturer Strategic choices made – (i) Not Manufacturing Cells (ii) Capabilities to Handle Multiple Chemistries & Types of Cells One of the few players with Component Production • The ability to handle multiple chemistries & types of cells Battery Value Cha
Slide 10: Building an Ecosystem for Continuous Innovation
Building an Ecosystem for Continuous Innovation R&D Access Areas worked upon Inhouse Engineering & Design Team Future Chemistries Acqui-hired Team from Varos Technologies Electronics & Data Analytics Absorb Technology & Customize it for Local Access to Global Universities Conditions Foreign Collabor
Slide 11: Investing in R&D for Sustainable Growth
Investing in R&D for Sustainable Growth Growing R&D Human Capital Working towards Future Innovations Engineering & Design Electrical & Electronics Material Science & Cell Technology Chemistry Absorption Applying material science Efficient thermal for efficient thermal management & Safe management &
Slide 12: Harnessing Data for Continuous Improvement
Harnessing Data for Continuous Improvement Design & develop • Data collected from battery new products packs helps in designing more efficient battery packs improving our right to win. 90%+ of customer now use 1 Battrixx designed products as 5 compared to less than 40% a Insights/Learnings Use of ba
Slide 13: Safe & Custom-made Optimized Battery Packs
Safe & Custom-made Optimized Battery Packs Safety and Performance Optimization are integrated at every level of battery design Cell Cell level protection to mitigate thermal Level runways (avoiding fire incidents) Advanced weld technology which provides Module high strength, tensile force and least
Slide 14: Enduring & Growing Partnerships with OEMs
Enduring & Growing Partnerships with OEMs Success Story 1: New Client Win Success Story 2: Increased OEM’s Wallet Share Engaged with the prospective client to understand their An existing & growing large OEM client experienced higher specific requirements demand for their products R&D team proposes
Slide 15: AIS Compliant Product within the stringent timeline
Our Capabilities enabled us to have Automotive Industry Standard (AIS) Compliant Product within the stringent timeline • Ministry of Road Transport and Highways (MoRTH) proposed safety norms to be complied in a battery pack mandatory from 1st December 2022 (Phase I) and 31st March 2023 (Phase II), e
Slide 16: Extrusion Machinery Business
Extrusion Machinery Business
Slide 17: Extrusion Machinery Business: Pillars of Strength
Extrusion Machinery Business Pillars of Strength Strong Parentage Technical Collaboration R&D Focus Market Positioning Part of Kolsite Group Forged meaningful Invest in R&D to churn Brand enjoys leadership with over six decades partnerships/JVs/investments to innovative products status with 40% mark
Slide 18: Right to Win Quotient
Right to Win Quotient Customer Centric Approach R&D’s: Drip Line Success Story Continual Improvement towards Diverse Areas Low Ownership Cost Manufacturing Diverse Product Portfolio Application development Design Enhanced Productivity & Reliability Control and Automation Optimal Power Consumption Re
Slide 19: Financial Highlights
Financial Highlights
Slide 20: Consolidated Quarterly Highlights
Consolidated Quarterly Highlights (in ₹ Mn) (in ₹ Mn) OPERATING REVENUE GROSS PROFIT & GROSS MARGINS (%) o Operating revenues grew by 28.0 30.1 9.4% YoY to ₹ 1,780 Mn in Q4 700 35. 0 9.4% 17.3% 600 15. 0 FY23 500 400 -5.0 -25.0 o EBITDA surged by 18.7% YoY 300 200 -45.0 to ₹ 234 Mn during the 1,626
Slide 21: Quarter-wise Operational Highlights
Quarter-wise Operational Highlights (in ₹ Mn) EXTRUSION MACHINERY REVENUES 2.5% YoY 1,038 1,200 o Extrusion Machinery 1,000 1,013 878 704 revenues grew by 2.5% 800 600 578 YoY at ₹ 1,038 Mn in Q4 400 200 FY23 0 Q4FY22 Q1FY23 Q2FY23 Q3FY23 Q4FY23 o Battrixx revenues surged (in ₹ Mn) BATTRIXX REVENUES
Slide 22: Consolidated Profit & Loss Statement: Q4 & FY23
Consolidated Profit & Loss Statement: Q4 & FY23 (in ₹ Mn) Particulars Q4FY23 Q4FY22 YoY FY23 FY22 YoY Revenues 1,780 1,626 9.4% 6,700 4,059 65.1% Cost of Goods Sold 1,245 1,170 6.3% 4,862 2,736 77.7% Gross Profit 535 456 17.3% 1,838 1,323 38.9% Gross Profit margin (%) 30.1% 28.0% 203 bps 27.4% 32.6%
Slide 23: Consolidated Balance Sheet Statement
Consolidated Balance Sheet Statement (in ₹ Mn) Particulars FY19 FY20 FY21 FY22 FY23 ASSETS Non-current Assets 1,664 1,738 1,966 2,028 2,098 Current Assets 1,762 1,955 2,025 3,657 4,250 TOTAL ASSETS 3,426 3,694 3,991 5,685 6,348 EQUITY AND LIABILITIES Equity 2,461 2,322 2,781 3,289 3,835 Non-current
Slide 24: Consolidated Financial Highlights
Consolidated Financial Highlights (in ₹ Mn) (in ₹ Mn) OPERATING REVENUE GROSS PROFIT & GROSS MARGINS (in %) 6,700 39.0 o Operating revenues 4,059 2,00 0 1,80 0 38.8 36.1 32.6 27.4 30. 0 1,60 0 grew by 28.6% CAGR 10. 0 2,762 1,40 0 2,451 2,202 1,20 0 -10.0 1,00 0 -30.0 during FY19-23 800 -50.0 600 40
Slide 25: Key Financial Ratios
Key Financial Ratios (in ₹ Mn) (in ₹ Mn) NETWORTH & ROCE CASH & CASH EQUIVALENTS & ROE 13.9 13.1 4,0 00 11.9 15 9.8 9.9 650 11.2 9.2 11 8.8 3,5 00 10 550 3.0 9 3,0 00 450 5 2,5 00 7 2,0 00 0 350 3.2 5 o Continues to fuel 1,5 00 250 -5 3 1,0 00 150 1 -10 2,461 2,322 2,781 3,289 3,835 500 27 84 322 58
Slide 26: Annexures
Annexures
Slide 27: EV: Industry Dynamics
EV: Industry Dynamics EV Sales growth in India FY19-23 Annual Lithium-ion battery capacity additions (in ‘000s units) for auto industry in india (GWh) 104.4 1186 73.5 53.5 446 38.8 28.4 21.9 147 173 141 6.1 9.7 1.5 2.3 3.5 FY19 FY20 FY21 FY22 FY23 Until FY21 FY22F FY23F FY24F FY25F FY26F FY27F FY28F
Slide 28: EVs and Component Manufacturing: Policy Support
EVs and Component Manufacturing: Policy Support Steps taken by the government to localize EV and component manufacturing Fame II: Target vs: Actuals (FY21) (in units) 2015 Launched FAME I scheme with an initial outlay of INR100 crores to achieve fuel security and sustainable environment through EVs.
Slide 29: Battery Value Chain: Strategic Focus
Battery Value Chain: Strategic Focus Component Cell Modules Pack Vehicle Reuse & Use production production production assembly integration recycling Manufacture of Production and Configuration of Installation of Integration of Use during Battery reuse; anode and assembly of cells into larger modules
Slide 30: Evolving Cell Chemistries
Evolving Cell Chemistries Mainstream li-ion as Current state-of-the- Solid-state breakthroughs Cathode break- of 2020 art (2020) (2020-2030) throughs (after 2030) Li-ion Improvement Novel ways of Li-ion and solid New cathode materials to Li-ion incorporating high state, Shift to li- silicon in anode
Slide 31: Safe Harbour Statement
Safe Harbour Statement This presentation and the accompanying slides (the “Presentation”), which have been prepared by Kabra Extrusiontechnik Ltd. (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscrib
Slide 32: Thank You
Daulat Jain Chief Financial Officer daulat.jain@kolsitegroup.com T: +91 22 2673 4822 CORPORATE OFFICE Fortune Terraces, 10th Floor, B Wing, Opp. Citi Mall, Link Road, Andheri (West), Mumbai - 400 053, Maharashtra, India. T: +91 22 2673 4822 THANK F: +91 22 2673 5041 www.kolsite.com YOU www.battrixx.
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