Azad Engineering Limited · NSE:AZAD

Azad Engineering — Q4 FY2025 Earnings Presentation

37 slides from Azad Engineering's earnings presentation, May 23, 2025

  1. Slide 1: Filing cover letter to stock exchanges

    AZA D cs/rP-Q4 (2024-2s) Date: May 23,2025 To, !r i lo, The Listing Department i The Listing Department i BSE Limited i National Stock Exchange of India Ltd. : Department of Corporate Affairs i Exchange Plaza, Plot No. C/1, G Block ; Phiro ze leeleebhoy Towers ' Bandra-Kurla Complex, j Dalal Street

  2. Slide 2: Azad Engineering Limited Investor Presentation May 2025

    Azad Engineering Limited Investor Presentation May 2025

  3. Slide 3: Safe Harbor

    Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Azad Engineering Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any secu

  4. Slide 4: Performance Update

    Performance Update

  5. Slide 5: Highest ever full year and quarterly performance

    Highest ever full year and quarterly performance FY25 vs FY24 Q4FY25 Vs Q4FY24 Revenue Rs. 4,529.3 Mn Rs.1,245.2 Mn Growth%  32.9%  34.2% Adj EBITDA Rs. 1,645.7 Mn Rs. 454.4 Mn Growth% 36.3% margin  40.1% 36.5% margin  42.9% Adj PBT Rs. 1,295.9 Mn Rs. 367.9 Mn Growth% 28.6% margin  56.1% 29.5%

  6. Slide 6: Performance Highlights

    Performance Highlights We are pleased to report that the company concluded the financial year with outstanding performance, delivering our highest-ever Rakesh Chopdar quarterly and annual results. We surpassed our given revenue and margin guidance, reflecting the effectiveness of our strategic Chair

  7. Slide 7: Revenue Mix - Growth momentum building across segments

    Revenue Mix - Growth momentum building across segments Energy & Oil & Gas Aerospace & Defence Other Operating* Exports# Domestic# (Rs. Mn) Standalone 83.5% 79.1% 12.9% 17.9% 3.6% 3.0% 87.5% 91.9% 12.5% 8.1% % Revenue contribution 26.0% 39.7% 3,586.3 84.1% 4,164.0 2,846.1 807.4 10.1% 2,981.7 -14.3% ▪

  8. Slide 8: Consistent Track Record of Financial Performance (Standalone)

    Consistent Track Record of Financial Performance (Standalone) Margin Revenue From Operations Adj. EBITDA* & EBITDA Margin PAT and PAT Margin In Rs. Mn 31.2% 32.5% 31.6% 34.5% 36.3% 11.2% 14.4% 3.4% 17.2% 19.5% 4,529.3 1,645.7 +39.2% 3,407.7 885.3 +44.6% 1,174.5 +60.0% 2,516.8 585.8 1,944.7 795.4 631

  9. Slide 9: Multiple order wins during FY25 leading to strong orderbook position

    Multiple order wins during FY25 leading to strong orderbook position Arabelle Solutions BHEL Baker Hughes GE Vernova 1. Signed a supply agreement for the 1. Secured a purchase order from Bharat Heavy 1. Signed an MoU to setup a facility to manufacture 1. Secured agreement to supply of highly enginee

  10. Slide 10: Inaugurated two new lean facilities as part of proposed expansion

    Inaugurated two new lean facilities as part of proposed expansion Lean Manufacturing Facility (GE Vernova) at Tunikibollaram IP, Lean Manufacturing Facility (Mitsubishi) at Tunikibollaram, Hyderabad Hyderabad Area: 7,600 sq. mts Area: 7,200 sq. mts Inaugurated in April 2025 Inaugurated in March 2025

  11. Slide 11: Qualified Institutional Placement

    Qualified Institutional Placement The company has raised a sum of Rs. 7,000 Mn through QIP in February 2025 The proceeds from the QIP will be used for funding • Capital expenditure such as purchase of machinery and equipment: Rs. 5,250 Mn • General corporate purposes: Rs. 1,562 Mn The management is

  12. Slide 12: Standalone Profit & Loss Account

    Standalone Profit & Loss Account Particulars (Rs. Mn) Q4FY25 Q4FY24 YoY Q3FY25 QoQ FY25 FY24 YoY Revenue from Operations 1,245.2 928.0 34.2% 1,185.9 5.0% 4,529.3 3,407.7 32.9% Consumption 156.5 157.9 157.6 627.2 460.2 Employee expenses 245.7 196.6 240.6 909.9 742.7 Key Highlights Other Expenses 388.

  13. Slide 13: Standalone Balance Sheet

    Standalone Balance Sheet Assets (Rs. Mn) Mar-25 Mar-24 Equity and liabilities (Rs. Mn) Mar-25 Mar-24 Non-current assets Equity Equity share capital 129.2 118.2 Property, plant and equipment 4,010.2 2,545.4 Other equity 14,046.9 6,332.8 Right of use assets 131.3 27.3 Total equity (A) 14,176.0 6,451.1

  14. Slide 14: Standalone Cash Flow Statement

    Standalone Cash Flow Statement (Rs. Mn) Mar-25 Mar-24 Profit Before Taxes 1,260.2 807.9 Adjustments for Non Cash / Non Operating items 423.3 756.7 Operating profit before working capital changes 1,683.5 1,564.5 Changes in working capital -879.5 -1,487.7 Cash generated from operations 804.0 76.8 Dire

  15. Slide 15: Company Overview

    :Gompany Overview AZA NS

  16. Slide 16: Azad Engineering Ltd.: Snapshot

    Azad Engineering Ltd.: Snapshot Preferred name in the manufacturing of highly-engineered, complex and mission & life-critical components Supplying to highly regulated industries having large Direct TAM and significant entry barriers End-markets with massive TAM CY29 Aerospace & Defence INR 2,190 bn

  17. Slide 17: Project and Life Critical Portfolio of Diversified Products (1/2)

    Project and Life Critical Portfolio of Diversified Products (1/2) Energy and Oil & Gas Industry Product Category Products End-Use Industry/Application Last Stage Airfoil – Rotary & Fixed Airfoil Last Stage Airfoil - Stationary Welding Chamfers Electric Power Generation Nuclear Power Turbine – Turbin

  18. Slide 18: Project and Life Critical Portfolio of Diversified Products (2/2)

    Project and Life Critical Portfolio of Diversified Products (2/2) Aerospace Aerospace and and Defence Defence Industry Industry Product Category Products End-Use Industry/Application Housing, Compressor & Airfoils, Unison Rings, Arm, Levers Body, Assembly Aero Engine Assembly Mount Business Jet Airc

  19. Slide 19: Significant Entry Barriers at Each Stage

    Significant Entry Barriers at Each Stage Azad has delivered over 3 million mission critical parts with Zero parts per million defects requirement to its customers. Demonstrated efficiencies pursuant to machining time reduction and adherence to strict quality, resulting in competitive strength agains

  20. Slide 20: Critical Source Supplier to OEMs - Aerospace & Defence

    Critical Source Supplier to OEMs with High Global Market Penetration - Aerospace & Defence Azad is a supplier to six of the key manufacturers in aerospace and defence industry Addressable market Growth Drivers Key components used in an aircraft Aerospace & Defence1 • Opportunity to increase wallet s

  21. Slide 21: Critical Source Supplier to OEMs – Energy Turbine

    Critical Source Supplier to OEMs with High Global Market Penetration – Energy Turbine Industries Azad, being a critical components supplier, is a key link in the global supply chain for the OEMs Azad’s customer market share in Global turbine components1 Rs. 310 Bn Supplier to five of the key manufac

  22. Slide 22: Long-standing and Deep Customer Relationships With OEMs

    Long-standing and Deep Customer Relationships With OEMs As a strategic and growth partner to customers across highly regulated industries, Azad enjoys long-term relationships with high customer stickiness and a high percentage of repeat business, which allows us to have long-term contracts, a stable

  23. Slide 23: Well-diversified Business with Global Operations

    Well-diversified Business with Global Operations Azad caters to multiple customers across the globe has average relationship for over 10 years with key customers Standalone Revenue Breakup FY25 Q4FY25 Domestic Domestic UK Switzerland 8.1% 11.7% Hungary Poland France Sweden Germany Italy 91.9% 88.3%

  24. Slide 24: Advanced Manufacturing Facilities With Focus on Innovation and Cost Competitiveness

    Advanced Manufacturing Facilities With Focus on Innovation and Cost Competitiveness Azad’s all facilities (except which are earmarked for specific clients) are fungible in nature Skilled workforce of 1,313+ personnel 2 Area Customers Existing facilities 4 facilities in Hyderabad 20,000 sq. mts Multi

  25. Slide 25: Experienced Promoter and Board of Directors

    Experienced Promoter and Board of Directors…. Rakesh Chopdar Murli Krishna Bhupatiraju Vishnu Malpani Chairman & CEO Managing Director Whole-Time Director pic • Involved with Azad since 2003 with • Holds PhD (Ohio State University), • Previously worked with Wipro two decades of experience MBA (Michi

  26. Slide 26: With Strong Management Team

    ….with Strong Management Team Ronak Jajoo Ashok Gentyala Balaji PR Chief Financial Officer Head - Engineering & Operations Head – Business Growth • Passed the examination for post • Holds a diploma in mechanical • Previously worked with Miranda graduate degree in business engineering Tools, Helix To

  27. Slide 27: Unique positioning

    Best-in-class engineering portfolio lending a strong moat with significant entry barriers  Supplier of choice to highly regulated industries  Producer of mission critical components; High complexity and precision requirements  Long haul journey with vendor qualifications taking up to 30-48 months

  28. Slide 28: Way Forward

    Way Forward AZA SS

  29. Slide 29: Key Strategies Going Forward

    Key Strategies Going Forward • Wallet share gains driving revenue from existing long-standing clients Increasingly catering to diverse component needs for clients, reflected in growing order book across key clientsMultiple customers • Utilizing existing product and technology capabilities to serve n

  30. Slide 30: Historical financials

    Historical financials

  31. Slide 31: Restated Standalone Statement of Profit and Loss

    Restated Standalone Statement of Profit and Loss CAGR (FY21- (Rs. Mn) FY25 FY24 FY23 FY22 FY21 25) Revenue from Operations 4,529.3 3,407.7 2,516.8 1,944.7 1,205.1 39.2% Consumption 627.2 460.2 301.5 207.6 137.5 ▪ Non-recurring expenses include: Employee expenses 909.9 742.7 592.7 462.7 316.2 ▪ Fire

  32. Slide 32: Restated Standalone Balance Sheet

    Restated Standalone Balance Sheet Assets (Rs. Mn) Mar-25 Mar-24 Mar-23 Mar-22 Mar-21 Equity and liabilities (Rs. Mn) Mar-25 Mar-24 Mar-23 Mar-22 Mar-21 Non-current assets Equity Property, plant and equipment 4,010.2 2,545.4 2,096.8 1,374.3 1,140.6 Equity share capital 129.2 118.2 16.5 15.1 15.1 Righ

  33. Slide 33: Restated Standalone Cash Flow Statement

    Restated Standalone Cash Flow Statement (Rs. Mn) Mar-25 Mar-24 Mar-23 Mar-22 Mar-21 Profit Before Taxes 1,260.2 807.9 131.9 386.7 190.9 Adjustments for Non Cash / Non Operating items 423.3 756.7 672.3 254.5 127.7 Operating profit before working capital changes 1,683.5 1,564.5 804.3 641.3 283.2 Chang

  34. Slide 34: Restated Consolidated Statement of Profit and Loss

    Restated Consolidated Statement of Profit and Loss Particulars (Rs. Mn) FY25 FY24 FY23 FY22 Revenue from Operations 4,573.5 3,407.7 2,516.8 1,944.7 Consumption 636.8 460.2 301.5 207.6 Employee expenses 928.7 742.7 592.7 462.7 Other Expenses 1,395.0 1,039.0 899.8 651.7 Reported EBITDA 1,613.1 1,165.9

  35. Slide 35: Restated Consolidated Balance Sheet

    Restated Consolidated Balance Sheet Assets (Rs. Mn) Mar-25 Mar-24 Equity and liabilities (Rs. Mn) Mar-25 Mar-24 Non-current assets Equity share capital 129.2 118.2 Property, plant and equipment 4,166.5 2,545.4 Other equity 13,808.7 6,332.4 Right-of-use assets 193.9 27.3 Equity attributable to the ow

  36. Slide 36: Adj EBITDA & Reported EBITDA Bridge

    Adj EBITDA & Reported EBITDA Bridge (Rs. Mn)$ FY25 FY24 FY23 FY22 FY21 (A) Adj EBITDA 1,645.7 1,174.5 795.4 631.5 376.3 (B) Non - Recurring Expenses Fire related expenses 0.0 0.0 63.0 0.0 0.0 Provision for credit impaired trade receivable 35.8 8.6 4.8 2.4 7.9 Professional and consultancy charges 0.0

  37. Slide 37: For more information Please contact

    For more information Please contact: Company: Investor Relations Advisor: Azad Engineering Limited: Strategic Growth Advisors Pvt Ltd. CIN: L74210TG1983PLC004L32 CIN: U74140MH2010PTC204285 Mr. Ful Kumar Gautam, Company Secretary & Shikha Puri / Srushti Pathak Compliance Officer Email id: shikha.puri

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