Isgec Heavy Engineering Ltd. · NSE:ISGEC
Isgec Heavy Engineering — Q2 FY25 Earnings Presentation
34 slides from Isgec Heavy Engineering's earnings presentation, Nov 29, 2024
Slide 1: Filing cover letter to stock exchanges
~ ISGEC ISGEC HEAVY ENGINEERING LTD. ~ A-4. Sector-24. Noida - 201 301 (U.P) India (GST No. : 09AAACT5540K2Z4) Tel.: +91-120-4085000/01 /02 Fax: +91-120-2412250 E-mail: corpcomm@lsgec.com www.lsgec.com Date: November 29, 2024 H0-425-S To To BSE Limited National Stock Exchange oflndia Limited Floor 2
Slide 2: Isgec Heavy Engineering Ltd. Investor Presentation Q2 & H1 FY25
www.reallygreatsite.com Isgec Heavy Engineering Ltd. Investor Presentation Q2 & H1 FY25
Slide 3: Safe Harbour
Safe Harbour This Presentation and the accompanying slides (the “Presentation”), which have been prepared by Isgec Heavy 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
Slide 4: Table of Contents
I ~ ISGEC ~ Table of Contents Company Overview Q2 & H1 FY25 Performance Highlights Order Book Annual Performance Highlights Annexures
Slide 5: Company Overview
ISGEG Company Overview
Slide 6: Isgec at a Glance
Isgec at a Glance Diversified Company Distinguished Board and (Manufacturing of Machinery & Management Team Equipment, Industrial Projects and Technology Partnerships with Sugar & Ethanol) Leading Global Companies Serving Marquee Clients Robust Order Book & Strong Global Reach with Credit Profile eq
Slide 7: 90+ Years & Going Strong
90+ Years & Going Strong Incorporated in 1933 as a Sugar Manufacturing Company. Transformed into a Diversified Heavy Engineering Company with 86% Consolidated Revenue* from Engineering Products and Projects 1933 2023 Isgec, then known as Saraswati Capacity in Ethanol Plant at Saraswati Sugar Sugar S
Slide 8: Diversified Business Model
Diversified Business Model Process Plant Equipment Sugar Plants & Distilleries Air Pollution Control Iron & Steel Castings Equipments Industrial Boilers Boiler Tubes & Panels Industrial Manufacturing Projects 34% Power Plants 52% Revenue* Presses & Press Brakes Bulk Material handling Revenue* Equipm
Slide 9: Serving Marquee Clientele across Sectors
, ~ ISGEC Serving Marquee Clientele across Sectors \. ~ ~ $ ~ IMARUTI SUZUKI •T•TATA TOSHIBA + •• MITSUBISHI V/D fflahindra 0 Reliance Indu s tri es Limite d ALSTQ 1M 9 e Technip Jl 1111 ..,1•1• SIEMENS • ADITYA BIRLA GROUP ~ lllf~- • ~ TOYOTA 0 thyssenkrupp Bharat Petroleum AIRe; PRODUCTS _,, adanr
Slide 10: Operating Facilities ensuring Pan-India Presence
Operating Facilities ensuring Pan-India Presence 8 Manufacturing Plants located across the world Industrial Projects Manufacturing Facilities Offices Yamunanagar, Pressure Vessels & Heat Haryana Exchangers, Presses, Boilers, Noida, Containers, Iron Castings, Sugar & Uttar Pradesh Other Industrial Ma
Slide 11: Revenue Diversification across Geographies
Revenue Diversification across Geographies Equipments supplied in 93 countries across 6 continents 100% 10% 13% 90% 22% 18% 17% 80% 70% 60% 50% 90% 87% 40% 78% 82% 83% 30% 20% 10% 0% FY20 FY21 FY22 FY23 FY24 Domestic International *Consolidated Revenue 10
Slide 12: Strategic Technology Partnerships
Strategic Technology Partnerships Amec Foster Wheeler, NEM Energy B.V., CB&I Technology Inc., Babcock Power Thermal Engineering Fuel Tech Inc., (now with Wood Group, UK) Netherlands USA Environmental Inc., International (TEi), USA USA USA USA AP&T, Sumitomo SHI FW BHI FW Corporation, Sweden Energia
Slide 13: Distinguished Board of Directors
Distinguished Board of Directors Mr. Ranjit Puri Mr. Aditya Puri Chairman Managing Director Education: B.Sc. Industrial Management from MIT, USA. Education: Experience: B.A. (Hons.) from St. Stephen’s College, India, and M.A. Over 60 years of rich and versatile experience in the Economics from Cambr
Slide 14: Distinguished Board of Directors
Distinguished Board of Directors Mr. Vishal Kirti Keshav Marwaha Mr. Sidharth Prasad Independent Director Independent Director Education: Education: C.A and B.Com (Honours) from the University of Delhi, India B.Com from Lucknow University, and an Executive MBA from IIM, Lucknow Experience: Experienc
Slide 15: Performance Highlights Q2 & H1 FY25
Performance Highlights Q2 & H1 FY25
Slide 16: Q2FY25 Snapshot
Q2FY25 Snapshot 12.9% 50.2% Revenue Growth YoY PAT Growth YoY 18.6% 12.4% EBITDA Growth YoY Key Financials Segmental Industrial Projects Revenue Growth YoY 19.6% 26.3% Manufacturing of Sugar & Ethanol Machinery & Equipment Revenue Growth YoY Revenue Growth YoY *Consolidated Financials 15
Slide 17: H1 FY25 Snapshot
H1 FY25 Snapshot 11.8% 40.1% Revenue Growth YoY PAT Growth YoY 16.8% 7.8% EBITDA Growth YoY Key Financials Segmental Industrial Projects Revenue Growth YoY 26.6% 15.2% Manufacturing of Sugar & Ethanol Machinery & Equipment Revenue Growth YoY Revenue Growth YoY *Consolidated Financials 16
Slide 18: Key Financial Highlights – Q2 & H1 FY25
Key Financial Highlights – Q2 & H1 FY25 (in Rs. Mn) Revenue 3,000 EBITDA & EBITDA Margin (%) PAT & PAT Margin (%) 2,500 9.3% 8.6% 7.6% 8.6% 9.8% 4.3% 4.5% 3.9% 4.3% 5.7% 1,400 2,000 1,200 1,500 1,000 18,720 800 16,674 1,000 14,767 14,978 15,485 1,627 600 1,371 1,287 1,416 1,335 957 721 400 666 672 5
Slide 19: Segmental Highlights – Q2 & H1 FY25
Segmental Highlights – Q2 & H1 FY25 (in Rs. Mn) Revenue & EBIT Margin (%) 18,000 Manufacturing of Machinery & Equipment Industrial Projects Sugar & Ethanol (Excludes Ethanol Plant 8,000 16,000 under construction) 7,000 14,000 11.9% 9.2% 9.9% 13.6% 10.9% 4.0% 3.6% 3.9% 4.5% 4.8% 6,000 14.8% 8.2% 5.4%
Slide 20: Order Book
Order Book
Slide 21: Robust Order Book (Consolidated)
Robust Order Book (Consolidated) Orders Booked during the Quarter (in Rs. Mn) Order Book as at end of Quarter/Financial Year (in Rs. Mn) 83,210 79,050 73,220 70,660 67,650 15,450 14,160 13,650 11,240 8,890 Q2FY24 Q3FY24 Q4FY24 Q1FY25 Q2FY25 FY21 FY22 FY23 FY24 H1FY25 20
Slide 22: Order Book Composition (Consolidated)
Order Book Composition (Consolidated) Sector wise Geography wise Segment wise 23% 26% 30% 70% 74% 77% PSU & Government Private International Domestic Industrial Projects Manufacturing of Machinery & Equipment Order Book Rs. 70,660 Mn (as on 30th September 2024) 21
Slide 23: Diversified across Sectors
Diversified across Sectors Consolidated Order Book Rs. 70,660 Mn * Railways Power Fertilizer Cement Mines Ports Oil & Gas Steel Chemical Space Automobile Defence Sugar Distillery Paper Water Treatment Composition by Industry 30% 14% 12% 13% 15% 5% 11% Refineries Power Steel, Sugar Chemicals, Automob
Slide 24: Annual Performance Highlights
Annual Performance Highlights
Slide 25: Business Highlights – Industrial Projects Segment (1/2)
Business Highlights – Industrial Projects Segment (1/2) First Wet Flue Gas Desulphurisation (FGD) 10,000 TCD Refined Sugar Plant with 210 Expansion of integrated Sugar complex Unit Commissioned for 800 MW TPH /125 BAR, bagasse fired boiler with 120 KLPD Ethanol plant Successfully commissioned our fi
Slide 26: Business Highlights – Industrial Projects Segment (2/2)
Business Highlights – Industrial Projects Segment (2/2) First Semi Dry FGD Unit 100th order received for Atmospheric World’s largest Waste Heat Recovery Fluidised Bed Combustion (AFBC) Boiler Boiler (WHRB) Successfully commissioned our first Semi Dry Received an order for the world’s largest Waste H
Slide 27: Key Financial Highlights – Annual
Key Financial Highlights – Annual (in Rs. Mn) Revenue EBITDA & EBITDA Margin (%) PAT & PAT Margin (%) 9.3% 5.9% 7.3% 8.4% 4.6% 2.1% 3.2% 4.1% 64,117 62,452 54,773 55,126 5,067 5,240 4,673 3,246 2,531 2,549 2,055 1,150 FY21 FY22 FY23 FY24 FY21 FY22 FY23 FY24 FY21 FY22 FY23 FY24 *Consolidated Financia
Slide 28: Key Ratios – Annual
Key Ratios – Annual Return on Capital Employed Interest Coverage Ratio (x) Debt – Equity Ratio (x) 16% 8.12 14% 6.53 0.55 13% 0.50 0.45 4.97 8% 3.43 0.30 FY21 FY22 FY23 FY24 FY21 FY22 FY23 FY24 FY21 FY22 FY23 FY24 27
Slide 29: Segmental Highlights – Annual
Segmental Highlights – Annual (in Rs. Mn) Revenue & EBIT Margin (%) Manufacturing of Machinery & Equipment Industrial Projects Sugar & Ethanol 25000 35000 0.15 50000 0.14 10.5% 6.9% 6.9% 10.2% 5.0% 2.9% 4.4% 3.9% 13.1% 9.2% 9.2% 9.9% 0.14 45000 0.13 30000 20000 0.12 40000 0.12 0.11 25000 35000 0.1 0
Slide 30: Annexures
Annexures
Slide 31: Corporate Structure (Subsidiaries & Joint Ventures)
Corporate Structure (Subsidiaries & Joint Ventures) JV with Titan Metal Isgec Titan Fabricators USA, based in Metal Yamunanagar, India, for Fabricators manufacturing corrosion- Step-down subsidiary in Cavite Biofuel Pvt. Ltd., India resistant process plant Cavite Philippines, Producers Inc., - 2015
Slide 32: Shareholders Information
Shareholders Information Shareholding structure – 30th September 2024 Shareholder Information as on 30th September 2024 BSE Ticker 533033 22.41% NSE Symbol ISGEC Market Cap (in Rs. Mn) 1,01,529.5 1.33% % Free- float 37.6% 62.43% Free Float Market Cap (in Rs. Mn) 3.90% 38,144.7 Shares Outstanding (Mn
Slide 33: Isgec working to address ESG topics
Isgec as a good Corporate Citizen is persistently working to address ESG topics Transitioning to a comparatively clean fuel Utmost importance to the health and safety for (shift from Diesel to RLNG) in our factories everyone working at the site or factory Over the years, increased the mix of Ensurin
Slide 34: Thank You
Thank You Isgec Heavy Engineering Limited, INDIA chatnani@Isgec.com | www.isgec.com Registered Office Radaur Road, Yamunanagar - 135001, Haryana, India CIN No.: L23423HR1933PLC000097 For more information contact: Ernst & Young LLP Rohit Anand I Riddhant Kapur | Anubhav Khandelwal rohit.anand4@in.ey.
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