Isgec Heavy Engineering Ltd. · NSE:ISGEC
Isgec Heavy Engineering — Q1 FY2023 Earnings Presentation
33 slides from Isgec Heavy Engineering's earnings presentation, Aug 12, 2022
Slide 1: Stock exchange covering letter for investor presentation
HO-425-S Date: 12.08.2022 To, To, The BSE Ltd. National Stock Exchange of India Limited Registered Office: Floor 25, Exchange Plaza, C-1, Block G, P J Towers, Dalal Street, Bandra Kurla Complex, Bandra (E) Mumbai – 400 001 Mumbai – 400 051 Company Scrip Code: 533033 Company Symbol: ISGEC Dear Sir/Ma
Slide 2: Isgec Heavy Engineering Ltd. Investor Presentation Q1FY2023
Isgec Heavy Engineering Ltd. Investor Presentation Q1FY2023 03 February 2020 1
Slide 3: Safe Harbour
Safe Harbour This presentation and the accompanying slides (the “Presentation”), which have been prepared by Isgec Heavy Engineering Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for
Slide 4: Contents
Contents 1 Company Overview 2 Investment Rationale 3 Financial Highlights 4 Annexures 03 February 2020 3 3
Slide 5: Company Overview
Contents 1 Company Overview 03 February 2020 4 4
Slide 6: Isgec at a glance
Isgec at a glance Diversified Heavy Engineering Company Robust Order Book, with strong credit Mix of Manufacturing and Project (EPC) Businesses profile Wide Spectrum of User Industries Stands at INR 77,359 Mn as on 30th June 2022 Mix of Domestic & Export Revenues Strong Credit Rating Highly Experien
Slide 7: 89 years of Isgec
89 years of Isgec Incorporated in 1933 as a Sugar Manufacturing Company. Transformed into a Diversified Heavy Engineering Company with 87% Consolidated Revenues coming from Engineering Products and Projects 1933-2010 2011-2021 1933 Company (erstwhile named as Saraswati Sugar Syndicate Ltd) 2007 Desi
Slide 8: Manufacturing Facilities
Manufacturing Facilities Yamunanagar, Haryana Muzaffarnagar, UP Isgec Hitachi Zosen Ltd., Pressure Vessels & Heat Steel Castings Dahej, Gujarat Exchangers, Presses, Pressure Vessels, Columns, Boilers, Containers, Heat Castings, Sugar and other Exchangers, Reactors Industrial Machinery Rattangarh, Ha
Slide 9: Experienced Board
Experienced Board Mr. Ranjit Puri Mr. Aditya Puri Mr. Kishore Chatnani Mr. Sanjay Gulati Chairman Managing Director Whole-time Director and Whole-time Director and Chief Financial Officer Head – Manufacturing Units Education: B.Sc. Industrial Education: B.A. (Hons.) from St. Education: B.E (with spe
Slide 10: Experienced Board
Experienced Board Mr. Vishal Kirti Mr. Sidharth Prasad Mr. Arvind Sagar Mrs. Rashi Sikka Keshav Marwaha Independent Director Independent Director Independent Director Independent Director Education: A C.A and B.Com Education: B.Com from Lucknow Education: B.Tech. in Mechanical Education: PGD in Mana
Slide 11: Investment Rationale
Contents 2 Investment Rationale 03 February 2020 10 10
Slide 12: Investment Rationale
Investment Rationale 1 Diversification to 2 Rich Technology 3 Strong Credibility 4 Robust Order its Core Capabilities among clients Book 03 February 2020 11 11
Slide 13: Diversified Business Model
1. Diversified Business Model Isgec is a significant global player across business areas in Manufacturing and EPC Manufacturing (29% revenue) * EPC (58% revenue) * Process Equipment Sugar Plants & Distilleries Iron & Steel Castings Air Pollution Control Equipment Industrial Boilers Boiler Tubes & Pa
Slide 14: Diversified across Sectors
Diversified across Sectors Composition by Industry Others 15% Power Railways Power Fertilizer Cement Mines 28% Steel, Cement & Aluminum 14% Ports Oil & Gas Steel Chemical Space Chemicals, Petrochemicals & Fertilizers Sugar 6% 15% Railways Refineries 5% Automobiles Defence Sugar Distillery Paper Wate
Slide 15: Diversification across Geographies
Diversification across Geographies Presence in 91 countries across 6 continents, Global India 75% 77% 77% 82% 90% 25% 23% 23% 18% 10% FY18 FY19 FY20 FY21 FY22 Exports contributed 10% of revenue, and ~14% of the total orderbook Exports expected to pick up as travel has opened up after COVID 03 Februa
Slide 16: Building Strength with JVs & Acquisitions
Building Strength with JVs & Acquisitions Saraswati Sugar Mills Ltd. Eagle Press & Equipment Co. Ltd. With cane crushing capacity of 100% Press manufacturing company in ~ 10000 TCD, having highest Windsor (Ontario) Canada sugar recovery in Punjab and Haryana for the past 10 years, Cavite Biofuel Pro
Slide 17: Investment Rationale
Investment Rationale 1 Diversification to 2 Rich Technology 3 Strong Credibility 4 Robust Order its Core Capabilities among clients Book 03 February 2020 16 16
Slide 18: Technology Infusion across the Years
2. Technology Infusion across the Years 1964 1985 1998 200 200 2010 2012 2016 2017 2020 2021 6 9 Babcock John Thompson, Power USA UK Wet FGDs Boilers Envirotherm, Germany ESPs Riley HITZ Power USA Critical Process BHI FW Corporation USA, Process Rovetta Presse, Italy Equipment Combustion modificatio
Slide 19: Standing Strong with Global Quality Benchmarks
Standing Strong with Global Quality Benchmarks Conformitè Europëenne Quality Management System–Approved by Lloyds Register of Quality Assurance Environment Management Occupational Health & Safety Management System-Approved by DNV GL System Business Assurance National Board, USA, 'R’ Symbol, 'S' 'U'
Slide 20: Investment Rationale
Investment Rationale 1 Diversification to 2 Rich Technology 3 Strong Credibility 4 Robust Order its Core Capabilities among clients Book 03 February 2020 19 19
Slide 21: Positioned at No.1 / No. 2 in most Business Lines
3. Positioned at No.1 / No. 2 in most Business Lines Reactors and Critical Equipment for Refinery, Hydraulic & Mechanical Presses Petrochemical and Fertilizer Sectors Sugar Plants Oil & Gas Boilers Circulating Fluidized Bed Boiler Bubbling Bed Boilers Traveling Grate Boilers Made to order large stee
Slide 22: Serving Marquee Clientele
Serving Marquee Clientele 03 February 2020 21 21
Slide 23: Investment Rationale
Investment Rationale 1 Diversification to 2 Rich Technology 3 Strong Credibility 4 Robust Order its Core Capabilities among clients Book 03 February 2020 22 22
Slide 24: Robust Order Book
4. Robust Order Book In INR Mn 77,359 73,220 69,350 67,650 FY20 FY21 FY22 30.06.22 Figures as per consolidated financials 03 February 2020 23 23
Slide 25: Order Book Composition (Consolidated)
Order Book Composition (Consolidated) Others 15% Private Power 58% 28% PSU & Government 42% Sector wise Steel, Cement & Aluminum 14% Industry wise Chemicals, composition Manufacturing Petrochemicals & Export Fertilizers Sugar 27% 14% 6% 15% Segment Geography wise Railways wise Projects 5% Refineries
Slide 26: Financial Highlights
Contents 3 Financial Highlights 03 February 2020 25 25
Slide 27: Performance Highlights
Performance Highlights In INR Mn Revenue EBITDA PAT 15,973 1,076 392 11,335 12,502 753 534 YoY YoY QoQ YoY QoQ 138 QoQ 180 10% 22% 41% 30% 31% 54% Q1FY22 Q4FY22 Q1FY23 Q1FY22 Q4FY22 Q1FY23 Q1FY22 Q4FY22 Q1FY23 In INR Mn Revenue EBITDA PAT 59,142 5,067 2,531 54,773 55,126 50,507 3,350 3,567 3,246 1,4
Slide 28: Performance Highlights
Performance Highlights In INR Mn EBIDTA Margin EBIT Margin PAT Margin 6.7% 5.0% 2.5% 6.0% 4.7% 3.9% 2.6% 1.2% 1.4% Q1FY22 Q4FY22 Q1FY23 Q1FY22 Q4FY22 Q1FY23 Q1FY22 Q4FY22 Q1FY23 In INR Mn Manufacturing EBIT Margin EPC EBIT Margin Sugar EBIT Margin 13.1% 10.5% 5.4% 9.2% 5.0% 10.2% 9.7% 6.9% 3.7% 3.9%
Slide 29: Highlights of new orders booked
Highlights of new orders booked • 3 Gas/Waste Heat Recovery Boilers from a leading refinery • Order for Dry Sorbent Injection Package from State Run Power generation company • Repeat Export Order for a Press Tandem Line from largest automobile manufacture in Vietnam • Export Order for a Milling Tand
Slide 30: Financial Performance Trend
Financial Performance Trend Total Debt/ Equity Interest Coverage Ratio Fixed Asset Turnover ratio 0.5 0.5 7.5 7.6 0.5 0.5 9.9 6.8 6.3 8.1 5.3 6.2 0.2 3.4 2.5 FY19 FY20 FY21 FY22 Q1FY23 FY19 FY20 FY21 FY22 Q1FY23 FY19 FY20 FY21 FY22 Q1FY23 Total Debt includes all interest bearing liabilities Interest
Slide 31: Annexures
Contents 4 Annexures 03 February 2020 30 30
Slide 32: Shareholder Information
Shareholder Information Shareholding structure – 30th June 2022 Shareholder Information as on 30th June 2022 Promoter BSE Ticker 533033 NSE Symbol ISGEC 27.8% Mutual Funds Market Cap (INR Mn) 35,941 % Free- float 38% FPIs Free Float Market Cap (INR Mn) 13,503 0.4% 2.4% 62.4% Shares Outstanding (Mn)
Slide 33: Thank You
THANK YOU ISGEC HEAVY ENGINEERING LIMITED, INDIA chatnani@Isgec.com | www.isgec.com Registered Office Radaur Road, Yamunanagar - 135001, Haryana, India CIN No.: L23423HR1933PLC000097 03 February 2020 32
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