Escorts Kubota Limited · NSE:ESCORTS

Escorts Kubota — Q1 FY25 Earnings Presentation

27 slides from Escorts Kubota's earnings presentation, Aug 1, 2024

  1. Slide 1: Intimation of Earning Presentation to stock exchanges

    August 01, 2024 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, Bandra Kurla Complex, Dalal Street, Mumbai – 400001 Bandra East, Mumbai – 400051 BSE – 500495 NSE - ESCORTS Sub: Intimation of Earning Presentation Dear Sir/ Ma’am, Please find enclosed he

  2. Slide 2: Q1 FY25 Earning Presentation

    Q1 FY25 | EARNING PRESENTATION 1st August 2024 BSE: 500495 | NSE: ESCORTS 01-08-2024 Escorts Kubota Limited 1

  3. Slide 3: Safe Harbor

    SAFE HARBOR Certain statements in this document may include forward-looking comments and information concerning the company’s plans and projections for the future, including estimates and assumptions with respect to economic, political, technological, weather, market acceptance and other factors tha

  4. Slide 4: Contents

    CONTENTS 01 02 03 Company Q1 Standalone Segment Wise Overview Highlights Performance 04 05 06 Shareholding Q1 Consolidated Annexure & Pattern Highlights Narrations 01-08-2024 Escorts Kubota Limited 3

  5. Slide 5: Escorts Kubota Limited: Overview

    Escorts Kubota Limited: Overview (Formerly Escorts Limited) Standalone Revenue from Operations in ₹. Crore. Escorts Kubota Limited (EKL) A leading engineering conglomerate with Q1FY25 2,293 a history of over seven decades, steering India’s socio-economic growth through pioneering contribution in cri

  6. Slide 6: …a true wealth creator…

    …a true wealth creator… EKL Market Capitalization (₹ Crores) 46,141 30,690 24,950 22,310 18,710 10,030 9,760 8,120 6,600 610 1,480 1,560 1,710 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 Jul-24 As on 31 March for corresponding year. S&P BSE 200 ~ 5.1X Nifty 50 ~ 4.4X EKL Credit Ratin

  7. Slide 7: Standalone Highlights – Q1FY25 YoY

    Standalone Highlights – Q1FY25 YoY Industry EKL Particulars Variance Growth Growth Domestic Tractor Volume 0.5% -1.9% -2.3% Export Tractor Volume 1.8% -29.1% -30.9% Total Tractor Volume 0.6% -3.2% -3.8% PNC Volume -2.5% -0.8% 1.7% BHL Volume 1.1% -5.1% -6.2% Compactor Volume 16.8% -37.3% -54.2% Serv

  8. Slide 8: Q1 Standalone Highlights – EKL at a Glance

    Q1 Standalone Highlights –EKL at a Glance 25,720 1,325 ₹ 244.7 Crore Tractors Volumes Construction Equipment’s Volume Revenue from Railway Equipment -3.2% 21.0% -3.5% -26.3% -17.8% 14.7% (Y-o-Y) (Q-o-Q) (Y-o-Y) (Q-o-Q) (Y-o-Y) (Q-o-Q) ₹ 2,292.5 Crore ₹ 327.1 Crore ₹ 289.6 Crore Revenue from operatio

  9. Slide 9: Q1 Standalone Highlights – P&L at a Glance

    Q1 Standalone Highlights – P&L at a Glance YoY QoQ Particulars Unit Q1FY25 Q1FY24 Q4FY24 (Change) (Change) Revenue from Operations ₹ Cr. 2,292.5 2,327.7 2,082.5 -1.5% 10.1% Material Cost % 68.1 69.8 68.1 -173 bps -1 bps Manpower Cost % 7.0 6.4 7.6 63 bps -57 bps EBIDTA ₹ Cr. 327.1 326.9 265.9 0.1% 2

  10. Slide 10: Segmental Revenue Contribution

    Segmental Revenue Contribution 11% 13% 10% 16% 15% 23% Q1FY25 Q1FY24 Q4FY24 67% 73% 72% XX% Segmental Contribution to total Operating revenue 01-08-2024 Escorts Kubota Limited 9

  11. Slide 11: Q1 - YoY Revenue down by 1.5%; EBIT up by 2.2%

    Q1 - YoY Revenue down by 1.5%; EBIT up by 2.2% ₹ Cr. Revenue Key Highlights • Tractor Sales down by 3.2% at 25,720 units • Construction Equipment Sales down by 3.5% at 1,325 units • Railway Equipment revenue down by 17.8% at ₹ 244.7 Crore. ₹ Cr. EBIT Key Highlights • Better product mix and price rea

  12. Slide 12: Q1 - QoQ Revenue up by 10.1%; EBIT up by 19.1%

    Q1 - QoQ Revenue up by 10.1%; EBIT up by 19.1% ₹ Cr. Revenue Key Highlights • Tractor Sales up by 21.0% at 25,720 units • Construction Equipment Sales down by 26.3% at 1,325 units • Railway Equipment revenue up by 14.7% at ₹ 244.7 Crore. ₹ Cr. EBIT Key Highlights • Operating leverage in Agri Machine

  13. Slide 13: Q1FY25 Standalone Highlights – EKL at a Glance

    Q1FY25 Standalone Highlights –EKL at a Glance ₹ 26.69 16.6% 12.4% Earning Per Share Return on Capital Employed Return on Equity (Annualized) (Annualized) ~75% ~55% ~₹ 880 Crore Capacity Utilization Capacity Utilization Of Order Book Agri Machinery Construction Equipment Railway Equipment Division (a

  14. Slide 14: Segment Wise Performance

    Segment Wise Performance 01-08-2024 Escorts Kubota Limited 13

  15. Slide 15: Agri Machinery

    Agri Machinery Powering The Dreams Of Farmer 01-08-2024 Escorts Kubota Limited 14

  16. Slide 16: Q1 Tractor Domestic Performance

    Q1 Tractor Domestic Performance Domestic Tractor Industry (in Lakhs) EKL Domestic Tractor Volumes -1.9% YoY 0.5% YoY 25,226 24,759 2.6 2.6 24.3% QoQ 53.0% QoQ 19,912 1.7 Q1FY24 Q4FY24 Q1FY25 Q1FY24 Q4FY24 Q1FY25 EKL-Tractor Share of Market at 9.5% in Q1FY25 Growth De-Growth rounded off to nearest si

  17. Slide 17: Q1 Tractor Export Performance

    Q1 Tractor Export Performance Export Tractor Industry (in ‘000s) EKL Export Tractor Volumes -6.9% QoQ 26.5 -29.1% YoY 1.8% YoY 1,356 1,341 -28.3% QoQ 24.6 24.2 961 Q1FY24 Q4FY24 Q1FY25 Q1FY24 Q4FY24 Q1FY25 Export through Kubota channel ~21% 3.9% Share of Market in Q1FY25 of total Export volume Growt

  18. Slide 18: Agri Machinery Performance – Q1FY25 Highlights

    Agri Machinery Performance – Q1FY25Highlights Particulars Unit Q1FY25 YoY QoQ Revenue ₹ Cr. 1,676.0 0.5% 20.5% EBIT % 13.2% 19 bps 206 bps Capacity Utilization % ~75 ROCE (Annualized) % 37.2% Q1FY25 • FT:PT Domestic sales ratio at 45:55 as against 44:56 YoY and 47:53 QoQ. • Less than 40 HP : Greater

  19. Slide 19: Construction Equipment

    Construction Equipment Building a Better Tomorrow Preferred Partner In Nation Building 01-08-2024 Escorts Kubota Limited 18

  20. Slide 20: Q1 - Construction Equipment Performance

    Q1 - Construction Equipment Performance Served Industry Performance (000’s) EKL Construction Equipment Volumes 21.9 1,798 -26.3% QoQ -34.2% QoQ -3.5% YoY 1,373 1,325 1.5% YoY 14.2 14.4 Q1FY24 Q4FY24 Q1FY25 Q1FY24 Q4FY24 Q1FY25 BHL Industry up by 1.1% YoY PnC Industry down by 2.5% YoY Compactors Indu

  21. Slide 21: Construction Equipment Performance – Q1FY25 Highlights

    Construction Equipment Performance – Q1FY25 Highlights YoY QoQ Particulars (EKL) Unit Q1FY25 (Change) (Change) PNC SOM % 39.4% 69 bps 353 bps Compactor SOM % 4.2% -362 bps -166 bps BHL SOM % 1.3% -8 bps 25 bps Capacity Utilization* % ~55 Revenue ₹ Cr. 369.7 2.7% -22.4% EBIT % 10.4% 279 bps -37 bps R

  22. Slide 22: Railway Equipment Division

    Railway Equipment Division Mobility Solutions Of the future ENSURING SAFETY AND COMFORT IN RAIL TRANSPORT 01-08-2024 Escorts Kubota Limited 21

  23. Slide 23: Railway Equipment Performance – Q1FY25 Highlights

    Railway Equipment Performance – Q1FY25 Highlights YoY QoQ Particulars (EKL) Unit Q1FY25 (Change) (Change) Revenue ₹ Cr. 244.7 -17.8% 14.7% EBIT % 20.5% -45 bps 361 bps Order Book ₹ Cr. ~ 880 ROCE (Annualized) % 57.7% Up Down At Par Positive Negative Standalone Financials % rounded off to nearest sin

  24. Slide 24: Shareholding Pattern

    Shareholding Pattern In % Category June'2023 Sept'2023 Dec'2023 Mar'2024 June'2024 Promoters 67.6 67.6 67.6 67.6 67.6 Institutions# 15.5 16.0 15.3 15.6 16.8 Public 15.0 14.4 15.2 14.9 13.8 Non Promoter Non Public 2.0 1.9 1.9 1.9 1.7 Total 100.0 100.0 100.0 100.0 100.0 # FPI/Financial Institutions/ B

  25. Slide 25: Q1 Consolidated Highlights – P&L at a Glance

    Q1 Consolidated Highlights – P&L at a Glance YoY QoQ Particulars Unit Q1FY25 Q1FY24 Q4FY24 (Change) (Change) Revenue from Operations ₹ Cr. 2,310.0 2,355.2 2,093.5 -1.9% 10.3% Material Cost % 68.1% 69.8% 68.0% -171 bps -8 bps Manpower Cost % 7.1% 6.4% 7.7% 70 bps -57 bps EBIDTA ₹ Cr. 325.3 331.1 260.

  26. Slide 26: Narrations

    Narrations • EKL - Escorts Kubota Limited • AM – Agri Machinery Products • FY – Fiscal Year represents the 12 months period from 1st • CE – Construction Equipment April to 31st March. • RED – Railway Equipment • Q1FY24 – Represents the 3 months period from 1st April • BHL – Backhoe Loader 2023 to 30

  27. Slide 27: Thank You

    THANK YOU Contact Details Prateek Singhal Investor Relations & ESG Escorts Kubota Ltd. (CIN: L74899HR1944PLC039088) Corporate Centre 15/5 Mathura Road, Faridabad – 121003 Phone: +91 129 2250222 www.escortskubota.com Email - Investor.relation@escortskubota.com / prateek.Singhal@escortskubota.com 01-0

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