Apar Industries Limited · NSE:APARINDS
Apar Industries — Q4 FY2022 Earnings Presentation
30 slides from Apar Industries's earnings presentation, May 27, 2022
Slide 1: Investor Update Q4FY22 filing cover letter
APAR Tomorrow's solutions today SEC/2705/2022 27th May, 2022 National Stock Exchange of India Ltd. BSE Ltd. "Exchange Plaza", Corporate Relationship Department, C-1, Block G, 27th Floor, Phiroze Jeejeebhoy Towers, Bandra- Kurla Complex, Dalal Street, Bandra (E), Fort, Mumbai — 400 051. Mumbai -400 0
Slide 2: APAR Industries Ltd. Q4 & FY22 Investor Update
APAR Industries Ltd. Q4 & FY22 Investor Update
Slide 3: Safe Harbour
Safe Harbour This presentation may have certain statements that may be “forward looking” including those relating to general business plans and strategy of APAR Industries Ltd., its outlook and growth prospects. The actual results may differ materially from these forward- looking statements due to s
Slide 4: FY22: Revenue up 46% YoY even as headwinds continue
FY22: Revenue up 46% YoY even as headwinds continue Consolidated Financials | Figures in INR crore Revenue EBITDA PAT 9,346 574 257 Up 46% YoY Up 36% YoY Up 60% YoY Margin at 6.1%; 6.6% in FY21 Margin at 2.7% up 24 bps YoY ▪ FY22 saw smart recovery with revenue up 46% YoY with increase in commodity
Slide 5: Q4 FY22: Strongest revenue quarter, sequential momentum continues
Q4 FY22: Strongest revenue quarter, sequential momentum continues Consolidated Financials | Figures in INR crore Revenue EBITDA PAT 3,018 181 83 Up 58% YoY Up 70% YoY Up 73% YoY Margin at 6.0% up 43 bps YoY Margin at 2.7% up 26 bps YoY ▪ Highest ever quarterly revenue recorded ,up 58% YoY, driven by
Slide 6: Business Performance
Business Performance APAR
Slide 7: Conductors: FY22 Highlights
Conductors: FY22 Highlights Revenue Volume ▪ Revenue up 44% YoY as company focussed on profitable execution and INR 4,200 crore 1,07,357 MT premiumization. Up 44% YoY 1,28,460 MT (FY21) o Exports revenue remained flat at FY21 levels due to multiple headwinds throughout the year, especially freight.
Slide 8: Conductors: Q4 FY22 Highlights
Conductors: Q4 FY22 Highlights Revenue Volume INR 1,502 crore 33,849 MT ▪ Revenue up 80% YoY with 9% increase in volumes driven by 72% YoY Up 80% YoY Up 9% YoY increased in exports. o Exports up 72% YoY, contributing 44% to revenues versus 49% in Q4FY21. EBITDA EBITDA per MT ▪ Higher value products
Slide 9: Speciality Oils & Lubricants: FY22 Highlights
Speciality Oils & Lubricants: FY22 Highlights Revenue Volume ▪ Revenue up 51% YoY with strong volume growth as the business recorded all-time high volumes at 4,61,589 kL. Exports contributed 44% INR 3,560 crore 4,61,589 KL to revenues versus 41% in FY21. Up 51% YoY Up 16% YoY ▪ Hamriyah plant’s capa
Slide 10: Speciality Oils & Lubricants: Q4 FY22 Highlights
Speciality Oils & Lubricants: Q4 FY22 Highlights Revenue Volume INR 928 crore 1,17,021 KL Up 29% YoY Up 13% YoY ▪ Revenue up 29% YoY with a 13% YoY increase in volumes. ▪ Hamriyah plant’s capacity utilization up at 104% from 63% in EBITDA EBITDA per KL Q4FY21. ▪ Speciality Oils revenue up 37% YoY dr
Slide 11: Lubricants: Q4 & FY22 Highlights
Lubricants: Q4 & FY22 Highlights Revenue Volume ▪ Revenues in Q4FY22 up 7% YoY driven by strong Q4 FY22 growth in Industrial Oil volumes. INR 211 crore 17,098 KL o Industrial Oil volumes up 20% YoY. o Automotive Oil volumes down 26% YoY. Up 7% YoY 19,890 MT (Q4FY21) Revenue Volume FY22 ▪ Revenue for
Slide 12: Cables: FY22 Highlights
Cables: FY22 Highlights ▪ Revenue up 57% YoY driven by 129% YoY jump in exports as the company continued to focus on international opportunities. o Amidst the challenging domestic environment for XLPE business, the focus on exports and B2C sales from Light Duty Cables (LDC)in domestic markets. Reven
Slide 13: Cables: Q4 FY22 Highlights
Cables: Q4 FY22 Highlights Revenue EBITDA INR 682 crore INR 50 crore ▪ Revenue up 54% YoY with strong growth across all sub-segments Up 256% YoY except OFC sales which were impacted by muted Telco’s Up 54% YoY business. Margin at 7.4%, Up 418 bps YoY o Strategic focus on exports continues to deliver
Slide 14: Company Overview
Company Overview APAR
Slide 15: APAR Industries: Tomorrow's solutions today
APAR Industries: Tomorrow’s solutions today #1 3rd #1 INR 9,346 Cr Largest global aluminum & alloy Cables manufacturer for FY22 Consolidate Revenue, Largest global manufacturer of conductors’ manufacturer renewables in India 14.1% FY17-FY22 CAGR Transformer oils Leveraging global network Leading the
Slide 16: Well-diversified across industries & segments
Well-diversified across industries & segments APAR today targets: ▪ Power Transmission & Distribution (T&D) and Renewable Energy sectors through Conductors, Cables and Transformer oils (T-oils). ▪ Railways through Copper Catenary Conductors, XLPE & Elastomeric cables & Harnesses. ▪ Defence through E
Slide 17: Extensive global presence driving exports
Extensive global presence driving exports Export revenues up 34.7% YoY, contributed 38.1% to FY22 revenues. ▪ Present in 125 countries with a focus on Southeast Asia, Middle East, Africa & South America. ▪ Hub and spoke manufacturing & distribution model for specialty oils - allows efficient deliver
Slide 18: Conductors – One of the largest global manufacturers
Conductors – One of the largest global manufacturers Strong leadership & competitive edge Strategic focus on higher-value products (49% in FY22 up from 33% in FY21) 1.8 lakh MT p.a. capacity Adj. EBITDA* per MT at INR 17,095 in FY22 FY22 revenue of INR 4,200 crore, 13.3% FY17-FY22 CAGR INR 343 crore
Slide 19: Specialty Oils & Lubricants – 3rd largest in Transformer-Oils globally
Specialty Oils & Lubricants – 3rd largest in Transformer-Oils globally Strong leadership & competitive edge Strategic focus on higher-value products Leading domestic player in auto lubes. INR 229 crore invested in FY16-FY22 FY22 revenue of INR 3,564 crore, 16% FY17-FY22CAGR. Lubricants (Auto lubes &
Slide 20: Cables - Largest domestic player in renewables
Cables - Largest domestic player in renewables Strong leadership & competitive edge Strategic focus on higher-value products 60% share in domestic wind sector INR 309 crore invested in FY16-FY22 FY22 revenue of INR 1,993 crore, 18.2% FY17-FY22 CAGR. ▪ Green-field Khatalwad plant for E-beam Elastomer
Slide 21: Strong financial performance sustained over the years
Strong financial performance sustained over the years Consolidated Revenue Exports contribution at 38% in FY22 EBITDA* & margin Exports Domestic 9,346 574 5,774 20% 7,971 5,528 7,438 4,956 475 560 468 18% 425 422 510 16% 6,405 3,736 3,751 412 5,823 14% 460 3,297 12% 4,840 410 10% 360 8% 1,544 3,550
Slide 22: Multiple demand drivers to sustain growth momentum
Multiple demand drivers to sustain growth momentum Economic Recovery Expansion of Telecom Industry Indian Railways accelerating Strengthening Defence Sector ▪ Indian economy bounced back in ▪ Increased investments in FY23-24 ▪ Highest ever capex planned for ▪ Budget allocation of ₹ 5.3 tn, up FY22 t
Slide 23: Annexure
Annexure APAR
Slide 24: Q4 FY22: Consolidated Profit & Loss Statement
Q4 FY22: Consolidated Profit & Loss Statement Figures in INR crore Particulars Q4FY22 Q4FY21 % Chg YoY Q3FY22 % Chg QoQ FY22 FY21 % Chg YoY Gross sales 3,003.9 1,894.6 59% 2,221.3 35% 9,290.6 6,359.5 46% Other Operating Income 8.6 4.8 77% 7.6 13% 29.4 28.5 3% Total Operating Income 3,012.5 1,899.4 5
Slide 25: Q4 FY22: Financials
Q4 FY22: Financials Key Ratios Q4FY22 Q4FY21 Q3FY22 FY22 FY21 EBITDA Margin 6.1% 5.8% 5.6% 6.2% 6.9% Net Margin 2.7% 2.5% 2.5% 2.8% 2.5% Total Expenditure/ Total Net Operating Income 94.2% 94.6% 94.7% 94.1% 93.4% Raw Material Cost/ Total Net Operating Income 77.8% 76.3% 77.4% 77.3% 75.1% Staff Cost/
Slide 26: Q4 FY22: Consolidated Segment Analysis
Q4 FY22: Consolidated Segment Analysis Figures in INR crore Segment Q4FY22 Q4FY21 % Chg YoY Q3FY22 % Chg QoQ FY22 FY21 % Chg YoY Revenue Conductors 1,503.4 836.6 79.7% 940.4 59.9% 4,203.9 2,908 44.6% Transformer & Specialty Oils 928.2 718.7 29.6% 905.3 2.6% 3,560.4 2,363.8 50.6% Power & Telecom Cabl
Slide 27: Consolidated Balance Sheet Statement as on Mar 31, 2022
Consolidated Balance Sheet Statement as on Mar 31, 2022 Figures in INR crore Sr.No Particulars As at 33.03.2022 As at 31.03.2021 Sr.No Particulars As at 31.03.2022 As at 31.03.2021 A Assets B Equity And Liabilities 1 Non-Current assets 1 Equity a) Property, Plant and Equipment 817.5 819.1 b) Right-o
Slide 28: Consolidated Cash Flow Statement for year ended Mar31, 2022
Consolidated Cash Flow Statement for year ended Mar31, 2022 Figures in INR crore Particulars FY22 FY21 Particulars FY22 FY21 Cash flow from operating activities Cash flow from investing activities Acquisition of property, plant and equipment -130.0 -55.6 Profit before tax 341.9 208.3 Acquisition of
Slide 29: Shareholding Pattern
Shareholding Pattern As on March 31, 2022 Outstanding shares – 3,82,68,619 Others, 13.58% Major Non-Promoter Shareholders Shareholding (%) Corporate Bodies, HDFC Trustee Company Ltd. 8.65 1.83% L & T Mutual Fund Trustee Ltd. 4.30 DII, 18.50% Nippon Life India Trustee Ltd. 3.39 Promoter, Raiffeisen -
Slide 30: Contact us
Contact us For any Investor Relations queries, please contact: Sanjaya Kunder APAR Industries Ltd Nitesh Kumar Seema Shukla Phone: +91 22 67800400 Phone: +91 98915 70250 Phone: +91 124 425 1443 Email: sr.kunder@apar.com nitesh.kumar@four-s.com seema@four-s.com Safe Harbor: This presentation may have