Welspun Corp Limited · NSE:WELCORP
Welspun — Q3 FY2019 Earnings Presentation
13 slides from Welspun's earnings presentation, February 2019
Slide 1: World's Leading Line Pipe Manufacturer
Welspun Corp Ltd (WCL) World’s Leading Line Pipe Manufacturer Investor Presentation Q3 FY19
Slide 2: Safe Harbour
SAFE HARBOUR This presentation and the accompanying slides (the “Presentation”), which have been prepared by Welspun Corp Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securit
Slide 3: Orderbook Trend (including Saudi Arabia operations)
ORDERBOOK TREND (including Saudi Arabia operations) 1,721 1,656 Nos. in KMT 1,602 1,657 936 1,279 632 661 423 339 254 267 318 304 274 212 Q3 17-18 Q4 17-18 Q1 18-19 Q2 18-19 Q3 18-19 Q4 18-19 Opening Order Book Booked Executed 3
Slide 4: Orderbook Analysis (including Saudi Arabia operations)
ORDERBOOK ANALYSIS (including Saudi Arabia operations) Order book by Region Order book by Type (KMT) (KMT) 1,721 1,656 1,721 1,656 124 72 326 1,278 446 1,278 524 203 457 388 1,308 1,519 329 935 871 823 493 141 276 78 Q3FY18 Q2FY19 Q3FY19 Q3FY18 Q2FY19 Q3FY19 ROW Americas Saudi Arabia ERW HSAW LSAW N
Slide 5: Financial Highlights Q3FY19
FINANCIAL HIGHLIGHTS Q3FY19 135 Cr Rs. 26,578 mn 15% YoY 135 Cr Rs. 2,234 mn 36% YoY Operating Profit Operating Profit Income from Operations EBITDA 135 Cr Rs. 816 mn 155% YoY 135 Rs. 301 Cr mn 55% YoY Operating Profit PBT 135 Cr Rs. 3,120 mn vs. Rs 3,947 mn Operating Profit Operating in Q2FY19Profi
Slide 6: Financial Highlights 9MFY19
FINANCIAL HIGHLIGHTS 9MFY19 135 Cr Rs. 70,359 mn 19% YoY 135 Cr Rs. 6,816 mn 4% YoY Operating Profit Operating Profit Income from Operations EBITDA 135 Cr Rs. 2,555 mn 14% YoY 135 Crmn Rs. 1,355 17% YoY Operating Profit PBT 135 Cr Rs. 3,120 mn vs. Rs 4,216 mn Operating Profit Operating in Q4FY18Prof
Slide 7: Q3FY19 Operating Performance
Q3FY19 OPERATING PERFORMANCE Pipe production Plate/ Coils production (KMT) (KMT) 138 248 263 76 Q3FY18 Q3FY19 Q3FY18 Q3FY19 Pipe sales Plate/ Coils sales (KMT) (KMT) 135 305 261 80 Q3FY18 Q3FY19 Q3FY18 Q3FY19 Note: All numbers on this page excludes JV operations – Saudi Arabia, unless specified ; To
Slide 8: Sales Volume Break-up
SALES VOLUME BREAK-UP Q3FY19 Pipe Sales Volume : 339 KMT (including Saudi Arabia operations – 78KMT) 9% 19% 23% 38% 72% 39% LSAW HSAW ERW India US Saudi Arabia Sales by Type Sales by Plant
Slide 9: Healthy Balance Sheet to Support Growth
HEALTHY BALANCE SHEET TO SUPPORT GROWTH Net debt was reduced by INR 3,301 mn YoY YoY Improvement on Net Debt/EBIDTA and Net debt/ Equity ratios Rs mn 31-Dec-17 31-Mar-18 30-Sep-18 31-Dec-18 Gross Debt 12,883 13,864 14,863 14,621 Cash & Cash Equivalent 6,463 9,649 10,916 11,501 Net Debt 6,421 4,2
Slide 10: Net Working Capital Under Control
NET WORKING CAPITAL UNDER CONTROL IND AS Basis 36 32 46 Days Days Days 115 117 71 54 60 47 Inventory Debtors Creditors -83 -138 -131 Q3FY18 Q2FY19 Q3FY19 *Includes Debtors + Inventory – Creditors
Slide 11: Consolidated Profit & Loss – Q3 YoY
Consolidated Profit & Loss – Q3 YoY Rs mn Q3 FY19 Q3 FY18 Income from operations 26,578 23,042 EBIDTA 2,234 1,644 Depreciation/Amortization 944 949 Finance Cost 475 374 Profit before tax and share of JVs 816 320 Tax 301 (565) Non-Controlling interest (22) 27 Share of Profit/ (Loss) from JVs (236) (1
Slide 12: Consolidated Profit & Loss – 9M YoY
Consolidated Profit & Loss – 9M YoY Rs mn 9M FY19 9M FY18 Income from operations 70,359 59,284 EBIDTA 6,816 6,568 Depreciation/Amortization 2,856 2,886 Finance Cost 1,405 1,442 Profit before tax and share of JVs 2,555 2,240 Tax 450 32 Non-Controlling interest (81) (22) Share of Profit/ (Loss) from J
Slide 13: Thank You
THANK YOU Welspun Corp Limited CIN: L27100GJ1995PLC025609 Mr. Harish Venkateswaran harish_venkateswaran@welspun.com www.welspuncorp.com