Escorts Kubota Limited · NSE:ESCORTS
Escorts Kubota — Q1 FY25 Earnings Presentation
27 slides from Escorts Kubota's earnings presentation, Aug 1, 2024
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
Slide 2: Q1 FY25 Earning Presentation
Q1 FY25 | EARNING PRESENTATION 1st August 2024 BSE: 500495 | NSE: ESCORTS 01-08-2024 Escorts Kubota Limited 1
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
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
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
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
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
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
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
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
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
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
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
Slide 14: Segment Wise Performance
Segment Wise Performance 01-08-2024 Escorts Kubota Limited 13
Slide 15: Agri Machinery
Agri Machinery Powering The Dreams Of Farmer 01-08-2024 Escorts Kubota Limited 14
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
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
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
Slide 19: Construction Equipment
Construction Equipment Building a Better Tomorrow Preferred Partner In Nation Building 01-08-2024 Escorts Kubota Limited 18
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
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
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
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
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
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.
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
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