Steelcast Ltd. · NSE:STEELCAS
Steelcast — Q3 FY2024 Earnings Presentation
31 slides from Steelcast's earnings presentation, Jan 31, 2024
Slide 1: Covering letter to stock exchanges
AC/2079 31.01.2024 The Secretary, National Stock Exchange of India Limited, BSE Limited, Exchange Plaza, 5th Floor, Phiroze Jeejeebhoy Towers, Plot No.C/1, G Block, Dalal Street, Bandra-Kurla Complex, MUMBAI - 400 001 Bandra (E), Mumbai - 400 051 Scrip Code: 513517 Scrip Symbol: STEELCAS Dear Sir/Ma
Slide 2: Steelcast Limited Investor Presentation Q3FY24
STEELCAST LIMITED Investor Presentation | Q3FY24
Slide 3: Safe Harbor
Safe Harbor This presentation has been prepared by and is the sole responsibility of Steelcast 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 induceme
Slide 4: Company Overview
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Slide 5: Over 7 decades of legacy
Over 7 decades of legacy Premier Position Diverse Industrial Sectors Company enjoys a Premier Position in Catering to diverse Industrial sectors like the steel Casting Industry in India Earth Moving, Mining & Mineral Processing, Locomotives, Rail Road, construction One of the few companies in India
Slide 6: Steelcast at a Glance
Steelcast at a Glance Manufacturing Capacity Varied Products Manufacturing Process Machining Excellence Experience Weights 30,000 TPA Sand & Shell 70% Castings 63 Years 5 Kgs-2,500 Kgs Casting shipped as fully machined Advanced Manufacturing Facility Competes with Global Sectors Catering Renewable P
Slide 7: We're growing steadily…
We’re growing steadily… Installing and commissioning of State of Art Automated No-Bake Commissioning of State of Art in- Flaskless Moulding Line. Accreditation of Laboratory by house CNC Machine Shop & Class A Foundry Certification National Accreditation Board for Setting up of Shell Moulding Expans
Slide 8: …With a focused approach
…With a focused approach Vision Mission Vision To be a reputed global provider of reliable, ready to use high integrity Mission To continuously interact with customers to understand their needs castings, especially structural steel castings To offer best-in-class customer service and provide them va
Slide 9: Locational Advantage
Locational Advantage Situated in Bhavnagar, Gujarat, which Company’s own 66KV power transmission is a power surplus state station with 10 MW power available 24*7 01 02 Scrap - the major raw material is available with Well connected with major cities of high degree of purity and at competitive price
Slide 10: Preferred choice of Customers – Steelcast
Preferred choice of Customers – Steelcast Quality Products Manufacturing facilities • Delivered at competitive approved by Quality Assurance Adequate Capacity price & right time organisations & clients Reliable Alternate Responsible and Transparent dealing source Competent Team Investor Presentation
Slide 11: Strong presence amongst peers
Strong presence amongst peers Recognized player in steel Experienced Management State of the art manufacturing Significant product castings business Team & Board of Directors and R & D facilities development capacity i. Leadership position in i. Strong Management and i. Three manufacturing plants i.
Slide 12: Diversified Business Model catering to Varied OEMs in Different Industries
Diversified Business Model catering to Varied OEMs in Different Industries… Existing Segments Earth Moving Industry Mining Mineral Processing Industry Electro Locomotive Steel Plants Cement Construction Investor Presentation | Q3FY24 11
Slide 13: Expanding our footprint to new segments
Expanding our footprint to new segments Foray into New Segments Railways Ground Engaging Tools (GETs) Defence Investor Presentation | Q3FY24 12
Slide 14: Presence across the Globe
Presence across the Globe Denmark Germany “Two-Star Export House Poland South Korea Slovakia Status holder” USA Japan China India Headquartered Thailand Expected to increase the Mexico presence in Singapore 15+ countries in the next 1 to 2 years Brazil Australia Export Presence Disclaimer: Map not t
Slide 15: Key Strengths
Key Strengths Well Experienced Team Unique Business Model Experienced Board back by a Diversified Business Model, strong management team catering to varied sectors Green Energy Technology and R&D 5 MW Solar Power Plant & Strong R&D and Technological Capabilities. These also 4.5 MW Hybrid Power Plant
Slide 16: Certifications & Recognitions
Certifications & Recognitions An ISO: 9001-2015 An ISO:45001-2018 An ISO:14001-2015 An EN:9100:2018 D An NABL (National Certified by Transportation Company certified by TUV Company certified by TUV Company certified by TUV company certified by TUV Accreditation Board for & Power Generation NORD, Ger
Slide 17: Financial & Operating Highlights Q3FY24 & 9M FY24
Financial & Operating Highlights Q3FY24 & 9M FY24
Slide 18: Q3 & 9MFY24 Performance Highlights
Q3 & 9MFY24 Performance Highlights Highlights The revenue dropped both on Y-o-Y and Q-o-Q basis indicating impact of anticipated slow-down on account of global turmoil. We are hopeful of improvement in global situation from Q3FY25 onwards. Despite de-growth in revenue, EBITDA and PAT margins have sh
Slide 19: Q3 FY24 Consolidated Key Highlights
Q3 FY24 Consolidated Key Highlights Revenue (Rs. in Crs) EBIDTA (Rs. in Crs) PAT (Rs. in Crs) -24.6% -10.8% -9.6% -4.9% -6.4% 119.7 30.7 19.3 -11.1% 28.7 18.6 27.3 27.3 17.4 17.4 101.6 90.3 90.3 Q3FY24 Q2FY24 Q3FY24 Q3FY23 Q3FY24 Q2FY24 Q3FY24 Q3FY23 Q3FY24 Q2FY24 Q3FY24 Q3FY23 Q-o-Q Y-o-Y Q-o-Q Y-o
Slide 20: 9M FY24 Consolidated Key Highlights
9M FY24 Consolidated Key Highlights Revenue (Rs. in Crs) EBIDTA (Rs. in Crs) PAT (Rs. in Crs) 6.4% 10.4% -12.7% 356.5 88.4 56.3 83.0 51.0 311.4 9M FY24 9M FY23 9M FY24 9M FY23 9M FY24 9M FY23 Y-o-Y Y-o-Y Y-o-Y Investor Presentation | Q3FY24 19
Slide 21: Geographical Revenue growth
Geographical Revenue growth Exports (Rs. in Crs) Domestic (Rs. in Crs) -30.6% -13.2% -23.7% 78.0 41.7 +17.9% 70.9 36.2 36.2 30.7 54.1 54.1 Q3FY24 Q2FY24 Q3FY24 Q3FY23 Q3FY24 Q2FY24 Q3FY24 Q3FY23 Q-o-Q Y-o-Y Q-o-Q Y-o-Y Investor Presentation | Q3FY24 20
Slide 22: Revenue Breakup (Q3FY24)
Revenue Breakup (Q3FY24) Segment-wise Revenue (%) Geography-wise Revenue (%) 40.0% Total Revenue Rs 90.3 Cr 60.0% 100.0% OEM Sales Domestic Exports Investor Presentation | Q3FY24 21
Slide 23: Quarterly Profit & Loss Statement
Quarterly Profit & Loss Statement Particulars (Rs.Crs ) Q3 FY24 Q3 FY23 Y-o-Y Q2 FY24 Q-o-Q 9M FY24 9M FY23 Y-o-Y Revenue from Operations 90.3 119.7 -24.6% 101.6 -11.1% 311.4 356.5 -12.7% Cost of Materials consumed 18.9 33.9 20.7 67.7 92.0 Changes in Inventories of finished goods & work in progress
Slide 24: Q3 FY24 Result analysis
Q3 FY24 Result analysis 30% % of Revenue 28.3 Q3FY24 Q2FY24 Q3FY23 25.9 25% 24.5 21.5 21.0 20.4 20% 19.3 18.3 16.1 15% 14.0 12.6 12.7 11.9 11.7 11.4 10.6 10.0 10% 9.0 9.1 8.5 7.9 5% 3.9 3.6 4.0 0.5 0.0 0.1 0% Materials Employee Cost Finance Cost Mfg Expense Power & Fuel Stores & Spares Other Exp PBT
Slide 25: Balance Sheet Ratios
Balance Sheet Ratios Long term Debt (Rs. Crs.) Short term Debt (Rs. Crs) Debt to Equity (x) Repaid Short 63.0 term debt and The company has been 13 the Company is 0.40 long term debt-free for totally debt free the past three years 9 0.25 23.6 0.18 14.0 17.0 0.10 0.00 Sep-23 Mar-23 Mar-22 Mar-21 Mar-
Slide 26: Outlook & Rationalization Measures
Outlook & Rationalization Measures
Slide 27: Building Excellence: Key Pillars of Steelcast's Enduring Success
Building Excellence: Key Pillars of Steelcast's Enduring Success Seasoned and Reliable quality supplier China + 1 scenario experienced with long association with helping steelcast to be a management team and marquee customers preferred supplier skilled work force Six decades robust Balanced portfoli
Slide 28: Strategy to Explore Potential Growth Opportunities
Strategy to Explore Potential Growth Opportunities Strengthening business Entry in New Adding new Enhancing component Provides ready to relationship with the Geographies sectors basket through new use/machined parts existing customers product development Short Term Long Term • Recovery from current
Slide 29: Rationalization Measures
Rationalization Measures 01 02 03 04 05 Company has set up Hybrid power plant Both these plants will Reduction in As a result of our 5 MW Solar Power is commissioned in meet around 80% of the throughput time for continuous efforts to Plant in Gujarat July, 2023. Annual total power requirement proces
Slide 30: Five-Year CAGR Snapshot: Unveiling Business Growth Trends
Five-Year CAGR Snapshot: Unveiling Business Growth Trends Revenue from Operations EBITDA +10.7% 477 114 +18.1% 318 302 59 64 201 158 37 31 2019 2020 2021 2022 2023 2019 2020 2021 2022 2023 EBIT PAT 97 71 +21.5% +29.7% 44 46 33 25 22 19 12 8 2019 2020 2021 2022 2023 2019 2020 2021 2022 2023 Investor
Slide 31: Thank You
Company: CIN: L27310GJ1972PLC002033 Name: Mr. Subhash Sharma, ED & CFO Email ID: ss@steelcast.net THANK YOU Investor Relations Advisors: Mr. Ronak Jain Mr. Rajesh Agrawal +91 9820950544 +91 9967491495 ronak.jain@linkintime.co.in rajesh.agrawal@linkintime.co.in