Hle Glascoat Ltd · NSE:HLEGLAS
Hle Glascoat — Investor Presentation (February 2022)
39 slides from Hle Glascoat's investor presentation, February 2022
Slide 1: Investor Presentation February 2022
INVESTOR PRESENTATION February 2022 HLE Glascoat Limited (Formerly known as Swiss Glascoat Equipments Ltd.)
Slide 2: Safe Harbor
Safe Harbor This presentation has been prepared by and is the sole responsibility of HLE Glascoat Limited (the “Company”). By accessing this presentation, you are agreeing to be bound by the trailing restrictions. This presentation does not constitute or form part of any offer or invitation or induc
Slide 3: Financial Performance
Financial Performance Key Operating Ratios and Financial Statements 3
Slide 4: Financial Performance: Q3 FY22
Financial Performance: Q3 FY22 Revenue from Operations EBITDA Profit Before Tax^ Rs. 155 crores Rs. 30 crores Rs. 24 crores +17% +1% -6% ^Company had exceptional item of Rs. 8.4 crores in 3Q FY22 relating to acquisition of Thaletec Filtration, Drying and Other Equipment Glass Lined Equipment Rs. In
Slide 5: Financial Performance: 9M FY22
Financial Performance: 9M FY22 Revenue from Operations EBITDA Profit Before Tax^ Rs. 403 crores Rs. 78 crores Rs. 63 crores +20% +17% +20% ^Company had exceptional item of Rs. 8.4 crores in 3Q FY22 relating to acquisition of Thaletec Filtration, Drying and Other Equipment Glass Lined Equipment Rs. I
Slide 6: Profit & Loss: Q3 & 9M FY22
Profit & Loss: Q3 & 9M FY22 Particulars (in Rs. Crs) Q3 FY22 Q3 FY21 Y-o-Y 9M FY22 9M FY21 Y-o-Y Revenue from Contract with Customers 154.74 131.73 402.99 336.99 Other Income 4.11 0.77 6.23 1.69 Total Revenues 158.85 132.50 19.9% 409.22 338.67 20.8% Cost of Materials Consumed 91.61 65.58 225.25 153.
Slide 7: Record Orderbook Position
Record Orderbook Position Order book (No. of months) (1) Working Capital (Rs. In Crs.) (2) Inventory Break-up (Rs. In Crs.) (2) 8 9 176 53 14 57 6 6 176 81 Thaletec 84 96 72 HLE Glascoat Higher Inventory on Most of the inventory the back of higher is blocked in raw order book materials and WIP Filtr
Slide 8: Acquisition of the global business of Thaletec GmbH
Acquisition of the global business of Thaletec GmbH 8
Slide 9: Transaction Closure: Global Business of Thaletec GmbH
Transaction Closure: Global Business of Thaletec GmbH The acquisition will enhance efficiencies On 17 December 2021, the Company The Company intends to provide its global and combine similar business interests for completed acquisition of the global business expertise and management capabilities to
Slide 10: Valuation and Terms of Acquisition
Valuation and Terms of Acquisition Acquisition of Target Company shares from HLE Glascoat has purchased 100% of As a part of the deal, both the equity shares in Thaletec, from companies have mutually agreed Selling Shareholders the Selling Shareholders on 17 that Thaletec will continue to have Decem
Slide 11: Thaletec GmbH – Financials
Thaletec GmbH – Financials Particulars 17th – 31st 2018 2019 2020 2021 (Euro Mn.) Dec 2021^ Sales Revenue 22.24 24.26 26.27 27.99 0.88 EBITDA 1.54 1.83 2.56 3.91 -0.02 EBITDA % 6.94% 7.55% 9.73% 13.98% -1.74% Depreciation 0.31 0.36 0.40 0.44 0.03 Interest 0.18 0.18 0.19 0.19 0.01 PBT 1.06 1.29 1.96
Slide 12: Highlights of Thaletec
Highlights of Thaletec 40,000 m2 Plant Area >50% Market Share Leading Innovator Largest Glass Lining Plant in Market Leader in the most Several Patents, Registered Designs & Europe demanding German market Trademarks among other IP Highlights of Centuries of Legacy Technology Driven Facility establis
Slide 13: Evolution of the Group
Evolution of the Group From Chemicals to Excellence in Engineering 13
Slide 14: Foundation of Patel Group in 1951
FOUNDATION OF PATEL GROUP in 1951 “ A farmer’s son, who obtained his PhD in Chemical Engineering from Columbia University New York, returned home in the year 1950 to contribute to a newly independent ” India. The foundation of Patel Group was laid by late Dr. K. H. Patel Over the last 70 years,
Slide 15: Evolution from Chemicals to Engineering
Evolution from Chemicals to Engineering 2019 2021 2017 HLE Glascoat 2003 Ltd Thaletec GmbH HLE acquires HL Equipments & HLE Glascoat 1960 1981 R&D Facility Swiss Glascoat Operations of HLE & Swiss Glascoat are acquires the global HLE expands into Glass CDCC HL Engineers Engineering business starts c
Slide 16: Combination of Leaders: Combined Performance is Greater than Individual
Combination of Leaders: Combined Performance is Greater than Individual • Today HLE Glascoat is one of the largest chemical process equipment manufacturers in the country • Has the capability to cater to customized process needs and large projects with a wide range of equipment. • Market leader in t
Slide 17: Preferred Supplier: Largest Player in Filtration & Drying
Preferred Supplier: Largest Player in Filtration & Drying Largest Technology HLE Glascoat market share Leader Competitor 1 “Preferred Supplier” Competitor 2 Others World’s Largest 0% 20% 40% 60% 80% Manufacturer of ANFDs Filtration & Drying Market Share in India 500 Filters p.a. 17% CAGR Over the pa
Slide 18: Preferred Supplier: Glass Lined Equipment
Preferred Supplier: Glass Lined Equipment One of the Largest Players In Glass Lined Equipment ~30% Market Share In Glass Lined Equipment in India 18
Slide 19: De-risking and Diversification: A Business Imperative
De-risking and Diversification: A Business Imperative Product-wise Revenue Break- Industry-wise Revenue Break- up ANF up GLRs 8% 30% Others API & 5% Pharma Not more than 35% 37% Revenue is generated ANFD from a single 37% Speciality product Chemicals 42% GL Tanks & Others Other 16% Engineering produ
Slide 20: Foundation for Growth
Foundation for Growth Enabling us to adapt to the changing needs of the business 20
Slide 21: Diversified Product Portfolio
Diversified Product Portfolio Filtration Glass Lined Equipment Agitated Nutsche Filters GL Reactors Agitated Nutsche Filter-Dryers GL Tanks Kilo-lab Filter-Dryers GL Heat Exchangers GL Columns GL Pipes & Fittings Drying GL Filters & Dryers Rotary Vacuum Paddle Dryers Rapid Disc Dryers/Coolers Spheri
Slide 22: Project Showcase: Filtration and Drying
Project Showcase: Filtration and Drying Tilting Multifunction ANFD 6KL Pharma RVPD USA India Reactor, Filter, Dryer and Crystallizer Largest cantilever RVPD, supplied with a built into one quick opening front cover. ASME U-Stamp Certified MOC: SS316L MOC: SS316L 30KL RVPD ANFD for Sterile Applicatio
Slide 23: Project Showcase: Glass Lined Equipment
Project Showcase: Glass Lined Equipment 50 and 65 KL Tanks We consistently 32 and 40KL GMP Reactors India India deliver some of the, The largest glass lined vessels The largest glass lined GMP supplied in the Indian market reactors manufactured and followed by a repeat orders, sold in the country. t
Slide 24: Project Showcase: Custom and Exotic Metal Equipment
Project Showcase: Custom and Exotic Metal Equipment Continuous Pan Filter Oyster Filter Canada Germany 6m diameter pan for a continuous type 6m Diameter rotating type continuous filter rotating within the tolerance of filter, compliant with ASME, CE and JIS 3mm Standards MOC: Inconel MOC: SS316L Hig
Slide 25: State-of-the-art Manufacturing Facilities
State-of-the-art Manufacturing Facilities MAROLI WORKS ANAND WORKS • 10,000 m2 built-up area with nearly 8,000 m2 covered under 26 EOT • 20,000 m2 floor area covered by 33 EOT cranes. cranes. • Five state-of-the-art SCADA controlled electric and gas fired furnaces for • State-of-the-art machine shop
Slide 26: State-of-the-art Manufacturing Facilities
State-of-the-art Manufacturing Facilities HL EQUIPMENTS, SILVASSA THALETEC, GERMANY • 4,200 m2 floor area covered by 8 EOT cranes. • Operates a 40,000 sq. m., manufacturing facility with more than 160 employees • Well developed welding capabilities with pulsed arc welding systems and over 15 qualifi
Slide 27: Competitive Edge: Product Engineering
Competitive Edge: Product Engineering “ Pilot Plant and R&D Facility: The only pilot plant & R&D Facility of its kind among any process equipment manufacturer. Chemical Engineering Solution ” Our pilot plant enables our customers to conduct thorough Providers and not just trials on out ANFDs and
Slide 28: Competitive Edge: Process Engineering
Competitive Edge: Process Engineering Special Purpose Machines (SPMs) and Tooling Optimized every step of the fabrication process with SPMs developed and built by our team of process engineers. Our SPMs dramatically reduce the manhours required for a job and increase process repeatability. At th
Slide 29: Geographical Presence
Geographical Presence Strong Domestic Sales Network and Global Footprint Canada Europe Russia Channel Partner Channel Partner Channel Partner Delhi NCR Sales Office USA Ahmedabad Channel Partner Channel Partner Vadodara Thailand Anand Channel Partner Israel Channel Regd. Office Channel Partner Partn
Slide 30: Marquee Client Relationships
Marquee Client Relationships 30
Slide 31: Experienced Management Team
Experienced Management Team Himanshu Patel He is a qualified Electrical Engineer graduating from the University of Bombay in the year 1976 and has more than 45 years of experience in the business of chemicals and engineering. Nilesh Patel He has completed his BSc (Chemistry) from the University of B
Slide 32: Professional Management Team – India
Professional Management Team – India Sr. Vice President Sr. Vice President Vice President Strategic Advisor Corporate Development Operations at Maroli Engineering Total Experience: 35 years+ Total Experience: 18 years+ Total Experience: 33 years+ Total Experience: 32 years+ B.Com, CA ME Chemical, MB
Slide 33: Professional Management Team – Germany
Professional Management Team – Germany Managing Director Managing Director Total Experience: 28 years Total Experience: 27 years Mechanical Engineer Process Engineer (PhD) Associated with Associated with Thaletec for 14 years Thaletec for 13 years Chief Financial Officer Head - Operations Head - Sal
Slide 34: Robust Systems
Robust Systems 101 ASME Accreditation Authorized to use ASME ‘U’, ‘NB’ and ‘R’ Stamps for pressure vessels. 2 CE Compliance 02 Designing and manufacturing in compliance with CE as per Pressure Equipment, ATEX, Machinery, Electromagnetic, Low Voltage and other Directives. 303 JIS Compliance Designing
Slide 35: Future Outlook
Future Outlook Well-Positioned to Capture Future Growth Opportunities 35
Slide 36: Identified Thrust Areas for Growth
Identified Thrust Areas for Growth Industry Potential Strong Balance Sheet Tailwinds in the various chemical sectors will continue to drive Robust liquidity position with increasing profit margins growth. Recent policy changes and need for domestic combined with a reducing working capital cycle will
Slide 37: Capacity Ramp-up for future growth
Capacity Ramp-up for future growth Fabrication Shop at Maroli The project for addition of the manufacturing sheds adjacent to the existing facility at Maroli adding over 25% more floor area for manufacturing of Filtration, Drying and Other Equipment is ongoing. The implementation is likely to be com
Slide 38: Well-Positioned to Capture Future Growth Opportunities
Future Outlook Future Growth Opportunities Order Book Well-Positioned to Capture 1 • Robust order book for both HLE Glascoat and Thaletec Capacities 2 • Additional capacities onstream to generate revenues from next fiscal Thaletec Acquisition 3 • Completion of Thaletec’s acquisition which will help
Slide 39: Thank You
Thank You Company Name: HLE Glascoat Limited (Formerly known as Swiss Glascoat Equipments Ltd.) CIN: L26100GJ1991PLC016173 Contact Person: Email Address: Mr. K.V. Unnikrishnan, CFO investor.relations@glascoat.com Investor Relations Advisors : Mr. Ashish Chovatia Ms. Rasika Sawant +91 9930044680 +91