Slide 1: Cover letter to BSE under Regulation 30(6)
= WPIL Limited —4 REGD. OFF. : "TRINITY PLAZA" 84/1A, TOPSIA ROAD (SOUTH), KOLKATA - 700 046 TEL. : (91 33) 4055 6800, FAX : (91 33) 4055 6835 WEB : http:/fwww.wpil.co.in CIN No. L36900WB1952PLC020274 Date: November 03, 2023 To The Listing Compliance BSE Limited Phiroze Jeejeebhoy Towers, Dalal Stre
Slide 2: Earnings Presentation Q2/H1-FY24
EARNINGS P R E S E N TAT I O N Q1-FY24 EARNINGS PRESENTATION Q2/H1-FY24 EARNINGS PRESENTATION 1
Slide 3: Company Snapshot
Company Snapshot Market Leader 12 Strategic International End to End Rich Experience in Pumps & Manufacturing Presence Across Integrated of 71 Years Pumping Locations 8 Locations Pumping Solutions Systems Strong global presence via Consolidated Partner of choice Proud to be part of focused Orderbook
Slide 4: Company Overview
Company Overview
Slide 5: Company Overview
Company Overview Operating Revenue (INR Mn) and EBITDA Margins (%) • WPIL Limited is a multinational pumps and systems company, headquartered out of India, with diversified operations covering the entire gamut of the pumping industry incorporated in 1952. 20,000 17,848 50.00% 18,000 45.00% • 16,000
Slide 6: Global Operations
Global Operations • After 10 years of growth in exports and experience in global markets it was clear that the next step would need strong local H1-FY24 Revenue Mix (INR Mn) presence as the engineered pumps clients need life cycle support which has to be built on long term relationships. • Over the
Slide 7: India Operations - State-of-art manufacturing facilities
India Operations - State-of-art manufacturing facilities Kolkata Engineered Pump Division is Located about 25 KM from Kolkata, the plant has ~20,000 sq. meters of floorspace. Delhi Delhi Industrial Pump Division is Located about 20 KM from Delhi, the plant has ~49,000 sq. meters of floorspace. Nagpu
Slide 8: Business Structure
Business Structure WPIL Ltd. India International 52% 48% Project Product South Africa Italy Australia 71% 29% 18% 71% 11% Gruppo Aturia Conventional Engineered Drainage Irrigation Municipal Industry Pumps Pumps Pumps AUDOLI & ARIS BERTOLA CHIAPPA % numbers are revenue share as on Q2-FY24 end EARNING
Slide 9: Varied Range of Applications
Varied Range of Applications Irrigation Industrial Municipal Large lift irrigation networks to provide surface water to Used in industries for variety of purposes such as fire fighting, Water Supply & Drainage solutions for Rural and Urban farmers and borehole installations for ground water to small
Slide 10: Value Proposition
Value Proposition Global Operations Strong R&D Forward integrated Wide product basket Dominant player in supported by Marquee clients recognized by Govt. by providing Turnkey catering to a Industrial Pump subsidiaries and from Top class Of India and solutions and O&M widespread market Sector agent n
Slide 11: Q2/H1-FY24 Financial Overview
Q2/H1-FY24 Financial Overview EARNINGS PRESENTATION 10
Slide 12: Financial Highlights
Financial Highlights Q2-FY24 Standalone Performance Q2-FY24 Consolidated Performance INR 1,853 Mn INR 311 Mn 16.78% INR 3,481 Mn INR 709 Mn 20.37% Operating Income Operating EBITDA Operating EBITDA Operating Income Operating EBITDA Operating EBITDA Margins Margins INR 234 Mn 12.63% INR 23.99/Share I
Slide 13: Q2/H1-FY24 Operational Highlights
Q2/H1-FY24 Operational Highlights • The quarter saw stable revenues with improving margins • Project revenue growth for the quarter was affected by supply chain challenges, however it is expected to recover in the second half based on all round improvement • Product business seeing good traction bot
Slide 14: Segmental Revenue
Segmental Revenue Product Revenue (INR Mn) Project Revenue (INR Mn) 3,000 2,123 1.2 1.2 2,000 2,500 1 1 1,920 2,058 1,423 2,000 1,500 QUARTERLY 0.8 0.8 1,500 0.6 0.6 1,000 1,000 0.4 0.4 500 500 0.2 0.2 - - 0 0 Q2-FY23 Q2-FY24 Q2-FY23 Q2-FY24 Revenue Revenue 4,000 4,500 3,107 3,500 4,400 4,300 3,000
Slide 15: Order Book
Order Book Domestic Order Book (INR Mn) H1 - FY24 International Order Book Breakup (%) 39,550 South Africa 40,000 37,394 35,000 10% 28,040 Australia 30,000 24,117 17% 25,000 20,000 18,274 Italy 15,000 73% 10,000 5,000 - FY20 FY21 FY22 FY23 H1-FY24 Total : ~ 8,275 INR Mn EARNINGS PRESENTATION 14
Slide 16: Quarterly Standalone Financial Performance
Quarterly Standalone Financial Performance Particulars (INR Mn) Q2-FY24 Q1-FY24 Q-o-Q Q2-FY23 Y-o-Y Revenue from Operations 1,853 1,822 1.7% 2,469 (24.9)% Operating Expenses 1,542 1,526 1.0% 2,204 (30.0)% EBITDA 311 296 5.1% 265 17.4% EBITDA Margins (%) 16.78% 16.25% 53 Bps 10.73% 605 Bps Depreciati
Slide 17: Half Yearly Standalone Financial Performance
Half Yearly Standalone Financial Performance Particulars (INR Mn) H1-FY24 H1-FY23 Y-o-Y Revenue from Operations 3,675 3,781 (2.8)% Operating Expenses 3,068 3,303 (7.1)% EBITDA 607 478 27.0% EBITDA Margins (%) 16.52% 12.64% 388 Bps Depreciation 34 29 17.2% Finance Cost 82 54 51.9% Other Income 121 87
Slide 18: Quarterly Consolidated Financial Performance
Quarterly Consolidated Financial Performance Particulars (INR Mn) Q2-FY24 Q1-FY24 Q-o-Q Q2-FY23 Y-o-Y Revenue from Operations 3,481 3,577 (2.7)% 4,043 (13.9)% Operating Expenses 2,772 2,914 (4.9)% 3,550 (21.9)% EBITDA 709 663 6.9% 493 43.8% EBITDA Margins (%) 20.37% 18.54% 183 Bps 12.19% 818 Bps Dep
Slide 19: Half Yearly Consolidated Financial Performance
Half Yearly Consolidated Financial Performance Particulars (INR Mn) H1-FY24 H1-FY23 Y-o-Y Revenue from Operations 7,058 7,035 0.3% Operating Expenses 5,686 6,039 (5.8)% EBITDA 1,372 996 37.8% EBITDA Margins (%) 19.44% 14.16% 528 Bps Depreciation 188 174 8.0% Finance Cost 152 111 36.9% Other Income 1
Slide 20: Historical Financial Overview
Historical Financial Overview EARNINGS PRESENTATION 19
Slide 21: Standalone Financial Performance
Standalone Financial Performance Particulars (INR in Mn) FY21 FY22 FY23 H1-FY24 Revenue from Operations 3,403 5,298 10,024 3,675 Operating Expenses 2,631 4,432 8,264 3,068 EBITDA 772 866 1,760 607 EBITDA Margins (%) 22.69% 16.35% 17.56% 16.52% Depreciation 55 56 55 34 Finance Cost 96 89 121 82 Other
Slide 22: Standalone Balance Sheet
Standalone Balance Sheet Particulars (INR Mn) FY22 FY23 H1-FY24 Particulars (INR Mn) FY22 FY23 H1-FY24 EQUITY AND LIABILITIES ASSETS Non-Current Assets a) Equity Share Capital 98 98 98 a) Property, Plant and Equipment 341 741 750 b) Other Equity 5,143 6,472 6,729 b) Capital Work-in-progress - 1 - Sh
Slide 23: Consolidated Financial Performance
Consolidated Financial Performance Particulars (INR in Mn) FY21 FY22 FY23 H1-FY24 Revenue from Operations 9,948 11,813 17,848 7,058 Operating Expenses 8,382 9,710 14,602 5,686 EBITDA 1,565 2,104 3,246 1,372 EBITDA Margins (%) 15.73% 17.81% 18.19% 19.44% Depreciation 369 373 358 188 Finance Cost 225
Slide 24: Consolidated Balance Sheet
Consolidated Balance Sheet Particulars (INR Mn) FY22 FY223 H1-FY24 Particulars (INR Mn) FY22 FY23 H1-FY24 EQUITY AND LIABILITIES ASSETS a) Equity Share Capital 98 98 98 Non-Current Assets b) Other Equity 6,247 8,001 8,472 a) Property, Plant and Equipment 3,164 3,649 3,599 b) Capital Work-in-progress
Slide 25: Consolidated Financial Graphs
Consolidated Financial Graphs Revenue (INR Mn) EBITDA (INR Mn) & EBIDTA Margins (%) PAT (INR Mn) & PAT Margins (%) 4,00 0 50. 00% 17,848 3,50 0 3,246 45. 00% 30. 00% 2,197 250 0 40. 00% 25. 00% 3,00 0 200 0 35. 00% 11,813 2,104 2,50 0 20. 00% 30. 00% 9,948 150 0 2,00 0 1,565 1,372 25. 00% 1,182 15.
Slide 26: Capital Market Information
Capital Market Information Stock Performance Data (As on 30th September, 2023) 200% 150% 100% 50% 0% -50% Oct-22 Nov-22 Dec-22 Jan-23 Feb-23 Mar-23 Apr-23 May-23 Jun-23 Jul-23 Aug-23 Sep-23 WPIL Sensex Price Data (As on 30th September, 2023) INR Shareholding Pattern (As on 30th September, 2023) Face
Slide 27: Disclaimer
Disclaimer WPIL Limited Disclaimer: No representation or warranty, express or implied, is made as to, and no reliance should be placed on the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Such information and opinions are in all events
Slide 28: Thank You
Thank You EARNINGS PRESENTATION 27