Jtl Industries Limited · NSE:JTLIND
Jtl Industries — JTL Infra — Q4 FY21 Earnings Presentation
37 slides from Jtl Industries's earnings presentation, May 6, 2021
Slide 1: Electronic Filing Cover Letter to Stock Exchanges
ELECTRONIC FILING JTL/CHD/SE/2021-22/013 May 06, 2021 Corporate Relationship Services Corporate Relationship Services BSE Limited Metropolitan Stock Exchange of India Limited 25TH Floor, P.J. Towers, 4th Floor, Vibgyor tower, Opposite Trident Dalal Street, Hotel Bandra- Kurla Complex Mumbai 400 001
Slide 2: JTL Infra Limited May 2021
JTL INFRA Limited May 2021 JTL Infra Limited
Slide 3: Table of Contents
Table of Contents Company Overview Industry Overview Business Overview Financial Highlights Way Ahead JTL Infra Limited 2
Slide 4: Safe Harbour
Safe Harbour This presentation has been prepared by JTL Infra Limited (the “Company”) solely for information purposes and does not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form the basis or be relied on in connection with any contr
Slide 5: Company Overview
JTL Infra Limited Company Overview
Slide 6: JTL Infra at a Glance
JTL Infra at a Glance Among India’s Leading manufacturer of ERW steel tube pipes ▪ Flagship company of the Jagan Group ▪ Incorporated as Jagan Tubes Pvt. Ltd. in 1991, name changed to JTL Infra Ltd. in year 2008 Strong & Diversified Product Portfolio ▪ Hot dipped Galvanized Steel Tubes and Pipes ▪ B
Slide 7: Our Business Motto, Vision and Mission
Our Business Motto Discover our strength We have opted for the latest technology and more efficient equipment in its on-going expansion projects. With the state- of-the- art facilities, JTL shall be able to substantially improve the techno-economic parameters. With expanded units opting for latest t
Slide 8: Strong Management
Strong Management Mr. Madan Mohan Singla Mr. Rakesh Garg Mr. Dhruv Singla Mr. Mohinder Singh Managing Director Whole Time Director Chief Financial Officer Company Secretary • More than 27 years of experience • 10 years of experience in this • More than 15 years of experience in in steel industry ind
Slide 9: Key Strengths & Unique Capabilities
Key Strengths & Unique Capabilities 01 02 03 04 05 State of Art Manufacturing Facilities Rich Managerial Quality Standard and & Advanced R&D Capabilities Experience Assurance Diversified ▪ Dynamic & Rich ▪ Adherence to quality ▪ Well equipped with latest experience in special standards across all st
Slide 10: Industry Overview
JTL Infra Limited Industry Overview
Slide 11: Industry We Cater To
Industry We Cater To Welded Ductile Iron Seamless ERW SAW ERW Precision Oil & Gas, (Structural/ Commercial) Potable Water & (HSAW & LSAW) (DOM) Engineering, Sewage Automotive and Transportation Traditional: Engineering, Auto, Power, Oil & Power Oil & Gas, Gas(Last mile, city gas distribution), Water
Slide 12: Strong Demand for Steel Tubes & Pipes
Strong Demand for Steel Tubes & Pipes* JTL Infra Limited *1 Research Reports/Company Estimates 2. Including Oil and Gas Segment 11
Slide 13: India at the start of Structural Steel Usage
India at the start of Structural Steel Usage Structural Steel Tubes Market as % of Steel Potential Structural Steel Tubes Market in Market (2019) India (Mn Tons) 11 22 9 9 8 8 7 13 4 4 Global Europe Latam Japan Middle North India 2019 2023E 2030E East America Structural Steel Tube Market India has h
Slide 14: Structural Steel Tubes essential for new age construction
Structural Steel Tubes essential for new age construction Growth Drivers Benefits ▪ Growing vertical model of development ▪ Environmentally friendly ✓ Increased Spending on Skyscrapers ✓ Recyclable & lower greenhouse gas emission ▪ Higher expenditure on infrastructure ▪ No underwater usage unlike co
Slide 15: Industry Structure-ERW Pipes
Industry Structure-ERW Pipes 4-5% 7-8% Current Market Organisation Formalisation of Economy – Organised as ERW pipe market Unorganised 45% becomes more and more 55% quality conscious, there Growth in Estimated Growth would be some pressure on the unorganized players for last 5 years in coming 5 year
Slide 16: New Opportunities to revolutionize construction industry
New Opportunities to revolutionize construction industry ▪ JLL (a global real estate services firm) projects that there will be 344 Mn sq. ft of warehousing space in Warehousing India by 2022 ▪ Logistics, engineering, auto and ancillaries, e-commerce, FMCG, retail and telecom, and white goods have r
Slide 17: Industry Revolution
Industry Revolution Conventional Why Structural Steel Tube replaces Applications Construction Products these products? Uniform Strength, Lower steel consumption Low Diameter Steel Tubes/Low Cost Effective, Termite Proof, Load Bearing Environmentally Friendly Cost Effective, Higher Strength Faster Co
Slide 18: Ready to Capitalize on Opportunities
Ready to Capitalize on Opportunities Potential structural steel market size of: Opportunity ▪ 13Mn ton by 2023 Size.. ▪ 22Mn by 2030 Where we FY21 sales volume was 86,771 MT are.. ▪ Current capacity is 3 lakhs MT ▪ Future capacity addition linked to market potential New innovative products Our ▪ Bra
Slide 19: On path of Premiumization..
On path of Premiumization.. 1 2 3 4 5 › Moving towards › Focusing on products › Consumer centric › Leveraging JTL Infra › Innovative sizes/new solution driven which are approach brand equity applications where offerings and heavy aesthetically competition is behind weight structural steel appealing
Slide 20: Business Overview
JTL Infra Limited Business Overview
Slide 21: Products & Uses
Products & Uses Product Description Uses Hot dipped Galvanized Steel Tubes and Pipes Automotive and industrial applications ERW Pipes for water, gas & sewerage, Steel tubes ERW Black & Hollow for idlers of belt conveyors, water wells and Lancing Steel Tubes and Pipes Pipes for various automotive & i
Slide 22: Uses of ERW Steel Tubes
Uses of ERW Steel Tubes Irrigation & Agriculture Construction & Building Energy & Engineering Core Infrastructure Heavy Vehicles Material ▪ Agriculture ▪ Green Constructions ▪ Solar Plants ▪ Airports ▪ Truck & Bus Implements ▪ Buildings/Structures ▪ Power Plants ▪ Ports Body ▪ Drip Irrigation ▪ Fenc
Slide 23: Dominant Exports
Dominant Exports Export Rs. In Crore 80 67 70 60 50 43 46 46 40 30 20 10 0 FY18 FY19 FY20 FY21 - JTL is Only Integrated GI pipe and Solar Structure production unit in Punjab - Proximity to regions of Himachal, Jammu & Kashmir and Leh where there are no other such units present - Location of JTL Mang
Slide 24: Product Mix
Product Mix Industry wise Mix (Sales Value) Product wise Mix (Volume) Engineering & Coils & Others Heavy Vehicles Construction (including Black Pipe & Hollow Irrig. & Water 12.59% 35.14% scrap) 21.77% Section 31.69% Transport 12.67% Solar Tubes 7.64% Core Infra 39.60% GI Pipe 38.90% JTL Infra Limite
Slide 25: Financial Highlights
JTL Infra Limited Financial Highlights
Slide 26: Financial Highlights – Q4 FY21
Financial Highlights – Q4 FY21 Rs. Cr Q4 FY21 Q4 FY20 Y-o-Y(%) Q3 FY21 Revenue from Operations 204.19 77.18 164.57% 100.94 Raw Materials 185.48 70.17 88.50 • Revenue from Employee Cost 1.11 1.36 0.69 Operations Other Expenses 1.11 1.51 3.18 increased by Total Expenditure 187.70 73.05 92.37 164.57% Y
Slide 27: Financial Highlights – FY21
Financial Highlights – FY21 Rs. Cr FY21 FY20 Y-o-Y(%) Revenue from Operations 435.76 229.93 89.52% Raw Materials 392.33 203.33 • Revenue from Employee Cost 2.99 3.21 Operations increased by 89.52% Y-o-Y Other Expenses 7.65 6.97 mainly on account of Total Expenditure 402.97 213.51 higher volumes and
Slide 28: Financial Performance
Financial Performance Revenue (Rs. Cr.) EBITDA (Rs. Cr.) / Margin (%) 500 435.8 35 8.7% 32.8 10% 400 30 7.4% 7.1% 7.5% 321.9 8% 25 300 229.9 20 23.7 16.4 6% 14.7 200 169.7 15 3.3% 4% 114.1 10 100 2% 5 3.8 0 0 0% FY17 FY18 FY19 FY20 FY21 FY17 FY18 FY19 FY20 FY21 PAT (Rs. Cr.) / Margin (%) 25 6% 4.7%
Slide 29: Revenue Mix
Revenue Mix Product wise Sales Volume (MT) Revenues (Rs. Crore) 44,191 246 32,449 184 24,596 26,433 133 122 18,060 18,154 96 85 11,687 8,209 53 6,494 6,375 41 41 42 5,865 4,850 26 31 3,764 4,478 2,822 2,839 3360 15 17 13 9 2 FY18 FY19 FY20 FY21 FY18 FY19 FY20 FY21 Black Pipe & Hollow Section GI Pipe
Slide 30: Balance Sheet Highlights
Balance Sheet Highlights As on 31st As on 31st As on 31st As on 31st Rs. Crs Rs. Crs Mar’21 Mar’20 Mar’21 Mar’20 Shareholders Funds 96.91 61.23 Non-current Assets 29.49 24.69 Share Capital 10.61 10.61 Fixed Assets 28.48 23.68 R&S 86.30 50.62 Capital work in progress 0.00 0.00 Financial Assets Non Cu
Slide 31: Key Financial Data
Key Financial Data Net Working Capital Days Net Debt (Rs. Cr.) 140 140 129 120 120 96 100 100 81 80 62.5 80 65 57.5 60 60 34.9 40 21.2 40 20 20 0 0 FY18 FY19 FY20 FY21 FY18 FY19 FY20 FY21 EBITDA/Ton (Rs.) 5,000 4,575 4,500 4,078 4,000 3,779 3,447 3,500 3,000 2,500 2,000 1,500 1,000 FY18 FY19 FY20 FY
Slide 32: Key Financial Data
Key Financial Data Debt/Equity (x) RoA (%) 0.91 0.95 13.44% 0.80 0.65 11.10% 9.58% 7.14% FY18 FY19 FY20 FY21 FY18 FY19 FY20 FY21 RoCE (%) RoE (%) 32.23% 30.00% 32.87% 34.15% 22.36% 20.70% 14.83% 16.46% FY18 FY19 FY20 FY21 FY18 FY19 FY20 FY21 ROE = Net Profit/ Net Worth, ROA = Net Profit/ Total Asset
Slide 33: Way Ahead
JTL Infra Limited Way Ahead
Slide 34: Mission 1 Million MT: Blueprint
Mission 1 Million MT : Blueprint Phase II Phase IV ▪ 3 lakhs MTPA capacities ▪ Increase in capacity in to be added in line with Mandi-Gobindgarh long term pre-defined (Punjab) by 1 lakhs business plans at Phase I MTPA different locations ▪ Completed modernization and ▪ Addition of another 1 Phase II
Slide 35: Solid Future Outlook
Solid Future Outlook ▪ Targeting above-industry average growth rate ▪ Investing in technology, resources ▪ Think Tank and Execution Team, to further increase EBIDT, Net ▪ Manufacturing, Operations, Marketing plans Margin per MT and return ratios already in place and we are committed to 01 thereby in
Slide 36: ESG Initiatives
ESG Initiatives Environment Social Governance ▪ M/s Suresh K Aggarwal & Co. for ▪ Committed towards a cleaner, ▪ Contribute towards skill statutory audit, M/s. Arvind Singla greener and healthier environment development among the local & Associates for internal audit and ▪ Optimise energy consumptio
Slide 37: Thank You!
THANK YOU! Any questions? For further information, please contact: Mr. Dhruv Singla Ms. Disha Shah JTL Infra Ltd Bridge Investor Relations Pvt. Ltd. Tel: +91 98763250004 Tel: +91 9699060134 Email: ds@jtlinfra.com Email: disha@bridge-ir.com Website: www.jtlinfra.com JTL Infra Limited 36