Hle Glascoat Ltd · NSE:HLEGLAS
Hle Glascoat — Q4 FY2023 Earnings Presentation
37 slides from Hle Glascoat's earnings presentation, May 30, 2023
Slide 1: Stock exchange cover letter
Date: May 30, 2023 To, To, The Manager (CRD) The Manager - Listing Department BSE Limited National Stock Exchange of India Ltd Phiroze Jeejeebhoy Towers, Exchange Plaza, Plot no. C/1, G Block, Dalal Street, Fort, Bandra-Kurla Complex, Bandra (East) Mumbai - 400 001 Mumbai - 400 051 Scrip Code: 52221
Slide 2: Investor Presentation May 2023
INVESTOR PRESENTATION HLE Glascoat Limited HLE Glascoat Corporate Limited Presentation May 2023 May 2023
Slide 3: Safe Harbor
Safe Harbor This presentation has been prepared by and is the sole responsibility of HLE Glascoat Limited (the “Company”). By accessing this presentation, you are agreeing to be bound by the trailing restrictions. This presentation does not constitute or form part of any offer or invitation or induc
Slide 4: Financial Performance
Financial Performance Key Operating Ratios and Financial Statements 3
Slide 5: HLE Glascoat Overview
HLE Glascoat Overview Leading Manufacturer of specialised Operating in a segment with a high barrier Well diversified revenue streams processing equipment critical for chemical to entry from multiple products and pharmaceutical industries Modern certified manufacturing facilities of Diversified orde
Slide 6: Financial Performance Highlights
Financial Performance Highlights ₹ 93,152.2 Lakhs ₹ 14,507.3 Lakhs ₹ 6,980.7 Lakhs FY2023 Revenue From Operations EBITDA PAT 42.8% YoY 23.3% YoY 19.9% YoY ₹ 29,834.2 Lakhs ₹ 4,730.4 Lakhs ₹ 2,278.8 Lakhs Q4FY23 Revenue From Operations EBITDA PAT 19.7% YoY 19.4% YoY -2.3% YoY Orderbook of Rs. 45,740.
Slide 7: Q4FY23 Highlights
Q4FY23 Highlights Revenue from Operations EBITDA PAT +86% +39% +67% 2,278.8 29,834.2 4,730.4 21,422.9 2,828.1 1,227.5 Quarterly Performance Q3FY23 Q4FY23 Q3FY23 Q4FY23 Q3FY23 Q4FY23 EBITDA Margins PAT Margins 270 Bps 190 Bps 15.9% 7.6% 13.2% 5.7% Q3FY23 Q4FY23 Q3FY23 Q4FY23 6
Slide 8: Revenue Breakup
Revenue Breakup INDUSTRY-WISE REVENUE BREAK-UP PRODUCT-WISE REVENUE BREAK-UP Others ANF 4% 8% API & Pharma 38% Reactors 37% ANFD 31% 41% Speciality Chemicals 13% 10% 18% Agrochemicals & Pesticides Tanks Others Our customers are spread predominantly across the Well diversified revenue streams Chemica
Slide 9: Segmental Performance
Segmental Performance Segment Revenue Segment Result - EBIT Segment Assets & Liabilities Filtration, Drying and Other +13% Assets +20% 34,420.9 4,595.8 32,410.6 Liabilities 4,377.8 4,442.9 31,410.6 29,115.3 Equipment 24,175.0 3,040.2 19,926.5 9,052.4 7,390.4 FY20 FY21 FY22 FY23 FY20 FY21 FY22 FY23 M
Slide 10: Financial Performance - Consolidated
Financial Performance - Consolidated Revenue from Operations (Rs. Lakhs) Order Book (Rs. Lakhs) EBITDA (Rs. Lakhs) & EBITDA Margin EBITDA Margin 93,152.2 45,740.7 EBITDA 40,265.1 19.6% 11,763 14,507 65,221.8 17.7% 17.8% 15.6% 48,448.9 9,559 42,647.4 20,618.0 19,006.6 7,623 FY20 FY21 FY22 FY23 FY20 F
Slide 11: Working Capital Analysis
Working Capital Analysis Inventory Receivables Days Days 122 116 77 113 105 61 43 33 FY20 FY21 FY22 FY23 FY20 FY21 FY22 FY23 Payables Net Working Capital Days Days 118 72 74 109 105 108 46 38 FY20 FY21 FY22 FY23 FY20 FY21 FY22 FY23 10
Slide 12: Profit & Loss: Q4 & FY23
Profit & Loss: Q4 & FY23 Rs. In Lakhs Particulars Q4 FY23 Q4 FY22 Y-o-Y Q3FY23 Q-o-Q FY23 FY22 Y-o-Y Revenue from Operations 29,834.2 24,922.8 19.7% 21,422.9 39.3% 93,152.2 65,221.8 42.8% Other Income 294.2 180.2 247.2 805.2 775.7 Total Revenues 30,128.4 25,103.0 20.0% 21,670.1 39.0% 93,957.4 65,997
Slide 13: Balance Sheet: As on 31st March 2023
Balance Sheet: As on 31st March 2023 Rs. In Lakhs Particulars Mar-23 Mar-22 Particulars Mar-23 Mar-22 Non-Current Assets Equity Share Capital 1,365.3 1,365.3 Property, Plant and Equipment 29,902.1 22,503.7 Other Equity 31,304.3 23,987.5 Right of use assets 1,406.2 1,437.8 Non Controlling Interest 13
Slide 14: Cash Flow Statement: As on 31st March 2023
Cash Flow Statement: As on 31st March 2023 Rs. In Lakhs Cash Flow Statement Mar-23 Mar-22 Cash Flow from Operating Activities Profit before Tax 9,932.8 8,431.3 Adjustment for Non-Operating Items 4,475.4 2,242.2 Operating Profit before Working Capital Changes 14,408.3 10,673.5 Changes in Working Capi
Slide 15: Evolution of the Group
Evolution of the Group Growth from Engineering Excellence 14
Slide 16: Background
Background “ Late Dr. K. H Patel, obtained his Master’s Degree in Chemical Engineering from University of Southern California and PhD from Columbia University New York, returned home to ” contribute to a newly independent India. Over the years, the Group has expanded its horizon. The Group is a The
Slide 17: Our Products: Application and Functioning
Our Products: Application and Functioning Glass Lined Equipment Filtration & Drying Equipment 16
Slide 18: Diversified Product Portfolio
Diversified Product Portfolio Filtration Drying Custom Jobs Agitated Nutsche Filters Rotary Vacuum Paddle Dryers Tailor made equipment in a range of Agitated Nutsche Filter-Dryers Rapid Disc Dryers/Coolers MOCs fabricated up to 75mm thick, 60 Kilo-lab Filter-Dryers Spherical Dryers m3 capacity and o
Slide 19: Our Journey: Key Milestones
Our Journey: Key Milestones 18
Slide 20: Our Journey: Key Milestones
Our Journey: Key Milestones Largest One of the Largest 30+ Player in India 25+ Players in India Years of Filtration Years of Glass and Drying “Preferred Supplier” Lining In Glass Lined Equipment Leading Global Presence Acquisition of Thaletec Manufacturer of ANFDs 600+ 2,000+ Filters p.a. GL Equipme
Slide 21: Highlights of Thaletec
Highlights of Thaletec Leading Innovator 40,000 m2 Plant Area Glass Lining Plant in Germany Several Patents, Registered Designs & Trademarks among other IP Highlights of Global Player Technical Glass Lining Major Global Player in the Glass 6 application specific Glass Lined Equipment segment Linings
Slide 22: Manufacturing Facilities
Manufacturing Facilities MAROLI WORKS ANAND WORKS • 15,000 m2 built-up area with nearly 13,000 m2 covered under 40 EOT • 20,000 m2 floor area covered by 33 EOT cranes. cranes. • Five SCADA controlled electric and gas fired furnaces for glass • Machine shop including VMCs, CNC Turn-mill, CNC drilling
Slide 23: Manufacturing Facilities
Manufacturing Facilities THALETEC, GERMANY • Operates a 40,000 sq. m., manufacturing facility with more than 160 employees • ISO 9001 : 2015 and EN ISO 50001 : 2018 • Capabilities to manufacture equipment with dimensions of up to 100,000 liters volume • Unmatched product offering; offers multiple on
Slide 24: Manufacturing Facilities
Manufacturing Facilities SILVASSA WORKS • 8600 m2 floor area covered by 18 EOT cranes. • Well developed welding capabilities with pulsed arc welding systems and over 30 qualified welders. • Jigs, fixtures, welding manipulators and specialized tooling for fast and repeatable performance. • Machine sh
Slide 25: Competitive Edge: Product Engineering
Competitive Edge: Product Engineering Pilot Plant and R&D Facility Application Center Fully Equipped Design and Engineering Capabilities • Pilot plant and R&D facility present at With • Design & Engineering team of more than 35 Maroli • Filtration & Drying Equipment – ANFDs, RVPDs engineers. • Our p
Slide 26: Competitive Edge: Product Engineering
Competitive Edge: Product Engineering Special Purpose Machines (SPMs) and Tooling • Optimized every step of the fabrication process with SPMs developed and built by our team of process engineers. • Our SPMs dramatically reduce the manhours required for a job and increase process repeatability. At th
Slide 27: Robust Systems
Robust Systems ASME Accreditation CE Compliance JIS Compliance Authorized to use Designing and manufacturing Designing and ASME ‘U’, ‘NB’ and ‘R’ in compliance with CE as per manufacturing in Stamps for pressure Pressure Equipment, ATEX, compliance with ‘JIS’. vessels. Machinery, Electromagnetic, Lo
Slide 28: Project Showcase: Glass Lined Equipment
Project Showcase: Glass Lined Equipment Tilting Multifunction ANFD 8KL Pharma RVPD USA India Reactor, Filter, Dryer and Crystallizer built into A cantilever RVPD, supplied with a quick one opening front cover. ASME U-Stamp Certified MOC: SS316L MOC: SS316L ANFD for Sterile Application Australia 30KL
Slide 29: Project Showcase: Glass Lined Equipment
Project Showcase: Glass Lined Equipment Delivered 50 and 65 KL Tanks 32 and 40KL GMP Reactors Products at India India Scale Glass lined vessels supplied in the Indian Glass lined GMP reactors manufactured market followed by a repeat orders, and sold in the country. taking the total to 8 installation
Slide 30: Project Showcase: Custom and Exotic Metal Equipment
Project Showcase: Custom and Exotic Metal Equipment Continuous Pan Filter Oyster Filter Germany Germany 6m diameter pan for a continuous type filter 6m Diameter rotating type continuous filter, rotating within the tolerance of 3mm compliant with ASME, CE and JIS Standards MOC: Inconel MOC: SS316L Hi
Slide 31: Geographical Presence
Geographical Presence Strong Domestic Sales Network and Global Footprint Europe Russia Sales Network Channel Partner USA Ahmedabad Sales Network Saudi Arabia Channel Partner Channel Partner Vadodara Thailand Anand Channel Partner Channel Partner Regd. Office Surat Hyderabad Singapore Sales Office Ch
Slide 32: Experienced Management Team
Experienced Management Team Himanshu Patel He is a qualified Electrical Engineer graduating from the University of Bombay in the year 1976 and has more than 45 years of experience in the business of chemicals and engineering. Nilesh Patel He has completed his BSc (Chemistry) from the University of B
Slide 33: Professional Management Team – India
Professional Management Team – India Chief Financial Officer Director Sales and Vice President Sales Vice President – Product Chief People Officer Marketing and People and Marketing Excellence Success Total Experience: 17 years Total Experience: 18 years Total Experience: 23 years Total Experience:
Slide 34: Professional Management Team – Germany
Professional Management Team – Germany Managing Managing Head of Finance & Head of Head of Director Director Administration (CFO) Operations Sales & Service Associated with Thaletec for Associated with Thaletec for Associated with Thaletec for Associated with Thaletec for Associated with Thaletec fo
Slide 35: Future Outlook
Future Outlook Well-Positioned to Capture Future Growth Opportunities 34
Slide 36: Well-Positioned to Capture Future Growth Opportunities
Professional Management Team – Germany Order Book 1 • Robust order book for both HLE Glascoat and Thaletec Well-Positioned to Capture Future Capacities & New Products 2 • Additional capacities onstream at all the threee manufacturing sites in India Growth Opportunities • Multiple Product innovations
Slide 37: Thank You
Thank You Company : Investor Relations Advisors : Mr. Naveen Kandpal Chief Financial Officer Orient Capital (a division of Link Group) investor.relations@hleglascoat.com Mr. Rajesh Agrawal CIN: L26100GJ1991PLC016173 +91 99674 91495 Rajesh.agrawal@linkintime.co.in Ms. Payal Dave +91 98199 16314 Payal