Wendt India Limited · NSE:WENDT
Wendt India — Shareholder Meeting (July 2024)
39 slides from Wendt India's shareholder meeting presentation, Jul 22, 2024
Slide 1: Welcome to 42nd AGM
WELCOME TO 42nd AGM Wendt (India) Limited 22nd of July 2024
Slide 2: Disclaimer
DISCLAIMER This presentation may contain forward-looking information relating to future business developments & prospects, company’s financial results and economic performance that involve substantial risks and uncertainties. While such forward-looking statements represent the company’s judgements a
Slide 3: Brief on Wendt
BRIEF ON WENDT Situated at Hosur, Tamil Nadu - 40 Kms from Bangalore, Total Area: 16.28 Acres Team Strength: 517 Entrance to the factory Logo Inauguration New Block for New Block for Company Path way Security Office Application Lab TQM Shine New Block for New Block for Garden Effluent Treatment Plan
Slide 4: Fundamental Strengths
FUNDAMENTAL STRENGTHS Well Nurtured Talent Comprehensive Product Range High Level State-of-the-art Manufacturing Process Sound Financial Position Customization
Slide 5: Our Manufacturing Program
OUR MANUFACTURING PROGRAM From Tools To Machines To Components ! Components Machines Product Innovation Tools Continues…
Slide 6: Industry & Product Profile
INDUSTRY & PRODUCT PROFILE SA MTD PP Preci. Products VertifiedBond Dressing Rolls Electroplated Brazed Bond Metal Bond Resin Bond PCD/PCBN Segments Machines Hones D&ST Industry Automotive Cutting Tools Engineering Refractory Ceramics Vitrified Tiles Glass Steel(Wire Rod Mills) Defence Power Aerospac
Slide 7: Business Verticals
BUSINESS VERTICALS WENDT : FY 23-24 Standalone Revenue : Rs. 206.3 cr PBT : Rs. 52.3 cr PAT : Rs. 39.5 cr Super Abrasives Machines Precision Products Revenue : Rs.131.6 cr Revenue : Rs.47.3 cr Revenue : Rs.27.3 cr 64% 23% 13% Machines Precision Components Figures in Rs crores
Slide 8: Wendt Grinding Technology Ltd. Thailand
Wendt Grinding Technology Ltd. Thailand • Mother Plant: Hosur, India • Subsidiary: WGTL, Thailand • Sales 23-24: Rs 21.5 cr Figures in Rs crores
Slide 9: Our Global Reach
OUR GLOBAL REACH Germany, UK, USA, France, Spain USA, China, UK, Russia, Australia, Korea, Austria, Taiwan, Turkey, Italy, Bangladesh Singapore, Indonesia, Thailand, Malaysia, South Africa, UAE, Vietnam, Japan
Slide 10: Major Customers
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Slide 11: Management Standard Systems
MANAGEMENT STANDARD SYSTEMS ISO 9001:2015 ISO 14001 : 2015 ISO 45001:2018 EN13236:2019
Slide 12: Super Abrasive Product Range
SUPER ABRASIVE PRODUCT RANGE Metal Bond Hones Resin Bond Super Abrasive Sales 23-24: Galvanic Brazed Rs. 131.6 crores Bond Bond 64 % of Total Sales Rotary Stationary Dresser Dressers & STAR Vitrified Bond Figures in Rs crores
Slide 13: Industry Segments
we ea Se = 3 ; : Defence & Aerospace Refractory
Slide 14: Wendt Offerings-MTD
Wendt Offerings-MTD • CNC Horizontal & Vertical Honing Machines • Cylindrical Grinders , Creep Feed Grinding • Rotary Surface Grinding - Horizontal & Vertical • Automotive, Defense & Aerospace Industry Vertical Dressing Machine Dressing Machine Rotary Surface Grinder Cylindrical Grinder Double Disc
Slide 15: Wendt Offerings-PC
Wendt Offerings-PC Fuel Injector DP Lithoz Carbide Inserts silicon nitride roller
Slide 16: Financial - Standalone FY2023-24
Financial - Standalone FY2023-24 FY23-24 FY22-23 Growth Particulars Actuals Actuals % Total Sales 206.3 190.9 8% EBIDTA 53.8 53.7 0% EBIDTA % 26% 28% PBT 52.3 52.5 0% PBT% 25% 27% PAT 39.5 40.1 -2% PAT% 19% 21% Figures in Rs crores
Slide 17: Approved Capex Plan for 2023-2024
Approved Plan for the year 2023-2024 35 crs Capex Ordered & Open for Execution as on End Mar’24 16.4 crs Capex received & capitalized during April’23 to Mar’24 28.6 crs Figures in Rs crores
Slide 18: Highlights for 2023-24
Highlights for 2023-24 • People • Engagement Improvement • Active Participation & Involvement • Process • Improvement through Method Engineering • Products • Good Progress in Import Substitutes • Few Milestones achievement in Machine Tool • Performance • 86% to Plan • 8% Growth over last year
Slide 19: Super Abrasives Key Highlights
Super Abrasives Key Highlights Domestic • 7% Growth over FY 22-23 • Highest ever SA domestic sales • Key account management for top customers • Appointment of precision dealers • Horizontal deployment of successful applications Exports • New product launches • 19% Sales degrowth over FY 22-23 • One
Slide 20: MTD Business: Key Highlights
MTD Business: Key Highlights • Highest ever Machine sales 70% growth over FY 22-23 • Manufactured 45 machine during the year • Better planning, bulk ordering of critical plan for the year • Advanced schedule release for timely execution • Standardization of design parts • Dynamic contract review and
Slide 21: Precision Product: Key Highlights
Precision Product : Key Highlights • Sales degrew by 5% over FY 22-23 • Scheduled deferment and lower off take by end customer • Delay in establishing new products
Slide 22: External Events
External Events Kick Off Meeting Quantapol launch at Bangalore
Slide 23: Exhibitions
Exhibitions Exhibition at Bosch Bidadi Engimach Exhibition, Steel Expo - Raipur Gandhinagar Indomach Exhibition at India Machine Tool Show TECHFEST AT M & M , Hyderabad Exhibition Delhi CHAKAN
Slide 24: Technology Day
Technology Day Training on Super Abrasives Titan Aerospace Technology Day Avtec Hosur Technology Day Stanadyne, Chennai
Slide 25: Awards
Awards “ICAI Awards for Excellence in Financial Reporting 2021-22” ICAI Sustainability Reporting Award FY22-23 CFO Roll of Honor, 2024 from CFO Collective (IMA India) ICMAI National Awards for Excellence in Cost Management
Slide 26: In house Events
In house Events International Yoga Day World Environment Day Rangoli Competition Surprise Mock Drill Felicitation to our MD Independence Day Ayudha Pooja Big 5S Day Christmas Day Safety Day Felicitation Sundariya Women’s Day
Slide 27: In house Events
In house Events Department Inauguration Health Awareness Talk to Employees by Glimpses of Communication New HR Initiative – Counseling to employees Vijay Hospital meeting
Slide 28: Wendt FY23-24 Consolidated Performance
Wendt FY23-24 Consolidated Performance FY 23-24 FY 22-23 Particulars Actuals Actuals % YOY Total Sales 224.8 207.6 8% EBITDA 55.6 56.2 -1% EBITDA % 25% 27% PBT 54.2 53 2% PBT % 24% 26% PAT 40.9 40 2% PAT % 18% 19% Figures in Rs crores
Slide 29: Wendt FY23-24 Performance
Wendt FY23-24 Performance Rs.206.26 crores 83-84 84-85 85-86 86-88 88-89 89-90 90-91 91-92 92-93 93-94 94-95 95-96 96-97 97-98 98-99 99-00 00-01 01-02 02-03 03-04 04-05 05-06 06-07 07-08 08-09 09-10 10-11 11-12 12-13 13-14 14-15 15-16 16-17 17-18 18-19 19-20 20-21 21-22 22-23 23-24 Series1 17 111 13
Slide 30: Share Price (Rs.)
Wendt share Price movement 12000.00 11233.80 10000.00 8509.00 SHARE PRICE (RS.) 8000.00 6000.00 5060.00 4000.00 3162.00 3232.85 1702.25 2433.65 2000.00 1900.00 1642.20 1749.00 1058.90 1123.10 1740.00 703.50 408.45 0.00 1102.35 M AR - 0 9 M AR - 1 0 M AR - 1 1 M AR - 1 2 M AR - 1 3 M AR - 1 4 M AR -
Slide 31: Earning per share
Earning per share 2014-2024 250 200.58 197.49 200 150 135.49 100 59.34 74.24 58.47 67.33 50 61.49 46.7 64.56 52.06 0 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Figures in Rs per share
Slide 32: Dividend %
Wendt dividend 2014-2024 900 800 800 Unbroken dividend track record 700 650 600 Dividend % 500 500 400 300 300 300 250 250 250 250 250 250 200 100 0 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Figures in Rs Lakhs
Slide 33: Total Shareholder Return since 1981
Particulars Amount in Rs During the year 1981 Share Holder Invested per share (Purchase Price) (a) 10 Bonus Share was issued twice, share holders holding 1 share received 4 shares post bonus issues Dividend paid to shareholder since inception (Considering Bonus Share issued) (b) 2526 Market price pe
Slide 34: Focus Industries
Focus Industries GLASS INDUSTRY MEDICAL INDUSTRY CNC Edge Milling Grinding Bevelling AUTO Valve DEFENCE & AVIATION INDUSTRY Crank Shaft Dressing Roll, EP Wheel Dressing Roll, Vit CBN Cylindrical Block Diamond Dressing Rolls WXG 300 - CNC Creep Feed for Turbine Blade Grinder For HAL Helicopter Grindi
Slide 35: Focus Industries
AUTO INDUSTRY CUTTING TOOL INDUSTRY Gear Box Cutting & Forming Taps Carbide Insert Hobs Broches Fuel Injector Dressing Roll, Metal Bond Wheels Dressing Roll Steering Mechanism f=) BEARING INDUSTRY = TROHLE GANONG. Spark Plug MEASURING FINGERS FOR INNER RACE ats DIGES el M ao [PCD WEAR PARTS FOR INNE
Slide 36: Focus Industries
a i TC Roll Grinding Wheel Wendt Product — Resin Bond Wheels TC Roll & Guide Roll CNC Profiling & Grinding Machine Dressing Machine General Engineering Notch Milling Machine DOUBLE DISC { FINE GRINDING Applications: Bearing Rings Circular Knives
Slide 37: Current year Q1 Performance - Standalone
Current year Q1 Performance - Standalone Q1 24-25 Q1 23-24 Particulars Actuals Actuals % YOY Total Sales 43.8 45.9 -5% EBITDA 10.3 11.9 -14% EBITDA % 24% 26% PBT 9.9 11.7 -14% PBT % 23% 25% PAT 7.4 8.7 -14% PAT % 17% 19% Figures in Rs crores
Slide 38: Thank You
THANK YOU
Slide 39: Our Vision & Mission
OUR VISION & MISSION VISION A dream to become a Multinational Company, Operating manufacturing plants and Sales offices in Asia / Pacific. A dream to assume Global Leadership in Wheels / Tools / Hones manufacture in the Wendt Group. A dream to become The Company with the highest market capital