Electrotherm (india) Limited · NSE:ELECTHERM
Electrotherm (india) — Q1 FY2011 Earnings Presentation
16 slides from Electrotherm (india)'s earnings presentation, November 2010
Slide 1: Electrotherm (India) Ltd. Investor Presentation Q1 June'10
Electrotherm (India) Ltd. Investor Presentation Q1 June’10 (FY 2010 – 2011) A world class engineering major, catering to manufacturing and metallurgical sector © 2010 All rights reserved. Electrotherm (India) Ltd. www.arc-fs.com | 1
Slide 2: Disclaimer
Disclaimer This presentation may not be copied, published, distributed or transmitted. The information in this presentation is being provided by Electrotherm (India) Ltd. The information contained in this presentation is only current as of its date. All actions and statements made herein or otherwis
Slide 3: Electrotherm – At a Glance
Electrotherm – At a Glance An Engineering Conglomerate with three lines of businesses – Engineering & Projects, Steel and Business Electric Vehicles Net Revenues for FY’10 – `20,028 million Size Market Cap of `3,702 million Market leader with more than 60% share in Induction furnace manufacturing
Slide 4: Performance Review – Q1 June 2010
Performance Review – Q1 June 2010 41.85% PAT 1.72% 27.28% Revenues EBITDA ` 6,244M ` 831M ` 123M Revenues increased by 42% Y-o-Y basis, driven by increase in revenues from steel segment Steel Segment witnessed a jump of 57% in revenues as the company commenced new DI Pipe plant with installed ca
Slide 5: Revenue Breakdown
Revenue Breakdown Q1 June’09 Q1 June’10 1.42% 0.78% 13.91% 5.81% 84.67% 93.41% Engineering Steel Electric Vehicles Engineering Steel Electric Vehicles Q1 June’09 Revenues: ` 4,402M Q1 June’10 Revenues: ` 6,244M © 2010 All rights reserved. Electrotherm (India) Ltd. www.arc-fs.com | 5
Slide 6: Revenue Breakdown
Revenue Breakdown Q1 June’08 Revenues: Q1 June’09 Revenues: Q1 June’10 Revenues: ` 3,849M ` 4,402M ` 6,244M 49 91 63 363 587 612 5,833 3,171 3,727 Steel Engineering Electric Vehicles Steel Segment witnessed a jump of Y-o-Y 57% in revenues as the company commenced new DI Pipe plant with installed cap
Slide 7: Quarter-on-Quarter Performance
Quarter-on-Quarter Performance Revenue (` Million) Operating Income (EBIT) (` Million) 6,689 14.3% 9.7% 6,244 7.6% 11.8% 10.6% 4,402 4,546 4,391 517 509 629 480 606 Q1 June'09 Q2 Sep'09 Q3 Dec'09 Q4 Mar'10 Q1 June'10 Q1 June'09 Q2 Sep'09 Q3 Dec'09 Q4 Mar'10 Q1 June'10 Net Profit (` Million) 2.8% 3.9
Slide 8: The Story So Far …
The Story So Far … Revenues = ` Million EBITDA Margin = %age Steady EBITDA Margins and a whopping revenue CAGR of 61% 25,000 18.0% 16.1% 15.8% 16.0% 14.5% 14.3% 13.2% 20,000 14.0% 12.0% 15,000 10.0% 9.4% 8.0% 10,000 6.0% 16,828 20,028 13,254 7,248 4.0% 5,000 3,447 2.0% 1,838 - 0.0% FY'05 FY'06 FY'07
Slide 9: Engineering & Project Division
Engineering & Project Division Revenues (` Million) 1,272 864 855 770 587 612 428 320 363 Q1 June'08 Q2 Sep'08 Q3 Dec'08 Q4 Mar'09 Q1 June'09 Q2 Sep'09 Q3 Dec'09 Q4 Mar'10 Q1 June'10 Q1 June’10 saw decline in topline as the export sales fell to just `60M in current quarter. Electrotherm has increase
Slide 10: Special Steel Division
Special Steel Division Revenues (` Million) 5,991 5,833 4,031 4,014 4,017 3,171 3,153 3,727 2,594 Q1 June'08 Q2 Sep'08 Q3 Dec'08 Q4 Mar'09 Q1 June'09 Q2 Sep'09 Q3 Dec'09 Q4 Mar'10 Q1 June'10 Steel segment outperformed the overall growth in topline as the phase IV of the expansion plans was initiated
Slide 11: Special Steel Division
Special Steel Division MS Billets* TMT Bars* 64,663 25,249 24,160 24,745 59,270 60,297 53,621 21,042 19,399 48,187 18,267 42,668 Q4 FY'09 Q1 FY'10 Q2 FY'10 Q3 FY'10 Q4 FY'10 Q1 FY'11 Q4 FY'09 Q1 FY'10 Q2 FY'10 Q3 FY'10 Q4 FY'10 Q1 FY'11 DI Pipes* Stainless / Structural* 24,681 14,636 14,998 13,201 1
Slide 12: Recent Acquisitions
Recent Acquisitions Announcement Date 21 April 2010 Announcement Date 10 May 2010 Completion Date 20 May 2010 Completion Date 02 June 2010 Target Shree Ram Electro Cast Target Hans Ispat Stake Acquired 100% Stake Acquired 100% Deal Price `850M Deal Price ` 600M Target Location Kolkata Target Locatio
Slide 13: Shareholding Pattern… as on 30 June 2010
Shareholding Pattern…as on 30 June 2010 th %age Shareholding Total Shares: 11.48 million 1.00% 10.95% 11.93% 11.92% Listing BSE, NSE 33.57% Share Price `323 52 Week High `415 30.62% 52 Week Low `231 Market Cap `3,702M Enterprise Value `16,995M Promoters Body Corporates Trusts FII's Individuals Other
Slide 14: Consolidated Income Statement - Abstracts
Consolidated Income Statement - Abstracts (` Million) Q1 June’09 Q4 Mar’10 Q1 June’10 Y-o-Y Growth Revenues 4,402 6,689 6,244 41.85% Consumption of Raw Material (3,002) (4,401) (4,407) Employee Costs (123) (159) (137) Other Expenditure (497) (1,526) (872) Other Income 37 42 3 EBITDA 817 646 831 1.72
Slide 15: Consolidated Balance Sheet – Abstracts (Mar'10)
Consolidated Balance Sheet – Abstracts (Mar’10) Liabilities (` Million) Mar'09 Mar'10 Assets (` Million) Mar'09 Mar'10 Pref. Share Capital 120 120 Fixed Assets 10,972 15,734 Equity Shareholders Fund 4,598 7,041 Investments 22 73 Loan Funds 12,294 15,157 Current Assets Deferred Taxes 694 815 Inventor
Slide 16: Thank You
Electrotherm (India) Ltd. Thank You Bhavesh Jain TapanJindal Electrotherm India Ltd ARC Financial Services bvj@electrotherm.com tapan@arc-fs.com +91 2717 234 553 +91 11 4562 2127 © 2010 All rights reserved. Electrotherm (India) Ltd. www.arc-fs.com | 16
Electrotherm (India) — Q1 FY2011 Earnings Presentation on 6ix