Alicon Castalloy Limited · NSE:ALICON
Alicon Castalloy — Q2 FY2021 Earnings Presentation
24 slides from Alicon Castalloy's earnings presentation, Oct 27, 2020
Slide 1: Alicon Castalloy Ltd Q2 & H1 FY21 Results Presentation
Alicon Castalloy Ltd Q2 & H1 FY21 Results Presentation October 27, 2020
Slide 2: Forward-looking statements disclaimer
Except for the historical information contained herein, statements in this presentation and the subsequent discussions, which include words or phrases such as "will", "aim", "will likely result", "would", "believe", "may", "expect", "will continue", "anticipate", "estimate", "intend", "plan", "conte
Slide 3: Concall Details, About Alicon, Q2 & H1 FY2021 Highlights
Concall Details Q2 & H1 About Alicon FY2021 Highlights 3
Slide 4: About Alicon Castalloy
About Alicon Castalloy
Slide 5: End-to-end solutions across aluminum casting needs
Offers end-to-end solutions spanning the entire spectrum of aluminum casting needs across multiple user industries Offers - Design, Diversified Pioneer in Engineering, marquee Robust track India for Casting, Customer record of 44 processes of Operates one Leaders in the Machining and base across yea
Slide 6: Key company facts: income, EBITDA, plants, employees
960.0 108.7 88 customers with.. 4 INR crore of Total INR crore of Manufacturing Income in FY20 EBITDA in FY20 719 Live Parts Units 131 1,039 Presence in No. of product 18 No. of permanent innovations during FY20 countries employees 6
Slide 7: A blend of European engineering skills, Japanese quality and Indian ingenuity
Enkei Corporation Alicon Castalloy Leading Japanese Largest Foundry in India – motor cycle and offering frugal engineering passenger car solutions wheel A blend of manufacturer European 70+ years of 50+ years of track record 230+ engineering skills, experience Years of Cumulative Japanese quality Si
Slide 8: Catering to key sectors of the Indian economy
Prototype Design Tool Design & Painting & Manufacturing Simulation Machining & Tool Sub-Assembly Manufacturing VA/VE Casting Fixture Design & Suggestions Manufacturing Manufacturing Catering to key sectors of the Indian economy Automobile Infrastructure Aerospace Medical Energy Agriculture 8
Slide 9: Strategic locations enable better speed-to-market and cost optimization
Strategic locations enable better speed-to-market and increased cost optimization 4 modern plants France (1 international) Slovakia High-end machines Austria Binola USA Pune Advanced Technology Centre Globally competent Tool Rooms (20 tools/ a month USA Marketing Franchise Full-edged Machine Shop (i
Slide 10: Diversity across markets and industries provides a natural hedge
Diversity across markets and industries provides a natural hedge TWO WHEELER OEM FOUR WHEELER OEM TIER 1 & NON AUTO Not reliant on a single ‘anchor’ customer None of the customers contribute >15% of turnover AND MANY MORE…. 10
Slide 11: Q2 & H1 FY2021 Operational & Financial Highlights
Q2 & H1 FY2021 Operational & Financial Highlights
Slide 12: Business & Macro-demand Highlights
Business & Macro-demand Highlights: • Alicon delivered an encouraging uptick in performance on a sequential basis, led by improved demand during the quarter • As the country moved to the un-lockdown phase, the domestic industry witnessed initial recovery in auto sales due to pent-up demand • The dem
Slide 13: Operational Highlights
• Lower fixed expenses • Lean and Agile manufacturing processes • Improved gross margins on a YoY basis • In Quarter 2 FY21 we have booked 14 parts • Key Motto for FY 20-21 : 3R • This includes 7 parts in the Domestic Sustainable Cost- New business from existing Customers - M&M, optimisation Busines
Slide 14: Q2 FY21 Total Income, EBITDA, PBT, PAT
• The Company reported a rebound in Total Income EBITDA performance on a sequential quarter basis 35.3 • In Q2, Total Income was 266.9 26.7 Rs. 205.1 crore. This was in a sharp 205.1 contrast to the immediately 53.7 preceding quarter revenues, which -23.4 were impacted due to the lockdown Q2FY20 Q1F
Slide 15: Q2 revenue mix: auto vs non-auto, domestic vs exports
Non-auto, 11% Exports, 22% Domestic, Auto, 89% 78% 15
Slide 16: H1 FY21 Total Income, EBITDA, PBT, PAT
Total Income • Total Income was Rs. 258.8 EBITDA crore as against Rs. 533.9 533.9 crore in H1 FY20 63.2 258.8 • Other income stood at Rs. 1.2 crore, lower by 5% 3.3 • Gross margins improved by H1 FY20 H1 FY21 H1 FY20 H1 FY21 405 bps to 51.9% on account EBITDA % 11.8 1.3 of cost-optimisation measures
Slide 17: H1 revenue mix: auto vs non-auto, domestic vs exports
Non-auto, 12% Exports, 26% Domestic, 74% Auto, 88% 17
Slide 18: Consolidated profit and loss statement
Particulars (Rs. crore) Q2FY21 Q2FY20 Y-o-Y Shift H1 FY21 H1FY20 Y-o-Y Shift Net Revenue from Operations 204.59 266.21 -23% 257.57 532.60 -52% Other Income 0.56 0.64 -13% 1.24 1.30 -5% Total Income 205.15 266.86 -23% 258.81 533.90 -52% Total Expenditure 178.44 231.51 -23% 255.51 470.71 -46% Raw Mate
Slide 19: Balance sheet as on September 30, 2020
As on As on As on March As on March Liabilities (Rs. Crore) September Assets (Rs. Crore) September 31, 2020 31, 2020 30, 2020 30, 2020 a) Shareholders’ Funds 278.64 314.93 a) Non-current Assets 409.22 417.08 b) Non-current Liabilities (NCL) 160.74 161.84 a) Current Assets 438.77 484.33 - Long-term B
Slide 20: Balance sheet & Cash Flow Update
Balance sheet & Cash Flow Update: • Net debt stood at Rs. 321.2 crore as against Rs. 326.5 crore as on March 31, 2020 • For the half year ended September 30, 2020, the Company generated net cash from operations of Rs. 37.9 crore • On the capex front, the Company is estimating approximately Rs. 40 to
Slide 21: CEO commentary on performance
Commenting on the performance, Mr. Rajeev Sikand, Group CEO , Alicon Castalloy said, “We have delivered an encouraging performance during the quarter led by improved demand across the domestic and international markets. Following an unprecedented first quarter, our customers have witnessed a steady
Slide 22: Concall Details
Concall Details
Slide 23: Q2 & H1 FY21 Earnings Conference Call
Alicon Castalloy’s Q2 & H1 FY21 Earnings Conference Call Time & Date • 2 PM IST on Wednesday, October 28, 2020 Local dial-in numbers • +91 22 6280 1141 • +91 22 7115 8042 International Toll Free Number • Hong Kong: 800 964 448 • Singapore: 800 101 2045 • UK: 0 808 101 1573 • USA: 1 866 746 2133 23
Slide 24: Thank You
Thank You For further information, please contact: Tarunkumar Vyas Alicon Castalloy Ltd Tel: +91 74200 73369 E-mail: tarun.vyas@alicongroup.co.in Mayank Vaswani / Shikha Kshirsagar / Mit Shah CDR India Tel: +91 98209 40953 / 99201 68314 Email: mayank@cdr-india.com shikha@cdr-india.com For more infor