Hle Glascoat Ltd · NSE:HLEGLAS
Hle Glascoat — Investor Presentation (November 2024)
46 slides from Hle Glascoat's investor presentation, Nov 13, 2024
Slide 1: Regulation 30 disclosure cover letter to exchanges
November 13, 2024 To, To, The Manager (CRD) The Manager - Listing Department BSE Limited National Stock Exchange of India Ltd Phiroze Jeejeebhoy Towers, Exchange Plaza, Plot no. C/1, G Block, Dalal Street, Fort, Bandra-Kurla Complex, Bandra (East) Mumbai - 400 001 Mumbai - 400 051 Scrip Code: 522215
Slide 2: HLE Glascoat Corporate Presentation November 2024
INVESTOR PRESENTATION HLE Glascoat Limited HLE Glascoat Corporate Limited Presentation November 2024 May 2023
Slide 3: 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 4: Financial Performance
Financial Performance Key Operating Ratios and Financial Statements 3
Slide 5: HLE Glascoat Overview
HLE Glascoat Overview Leading Manufacturer of specialised Operating in segments with high barriers to Well diversified revenue streams processing equipment critical for chemical entry from multiple products and pharmaceutical industries Modern certified manufacturing facilities of Diversified order
Slide 6: Quarter at a Glance
Quarter at a Glance : Order Book Growth, Strong Financials, and Strategic Focus Propel Performance Q2 FY25 ₹ 23,577.9 Lakhs ₹ 3,548.8 Lakhs ₹ 1,442.1 Lakhs Revenue From Operations EBITDA PAT 5.1% Y-o-Y 18.9% Y-o-Y 33.3% Y-o-Y H1 FY25 ₹ 46,285.1 Lakhs ₹ 5,911.7 Lakhs ₹ 1,984.2 Lakhs Revenue From Oper
Slide 7: Fueling Growth: Strong Orders, New Products, and Wider Reach
Fueling Growth: Strong Orders, New Products, and Wider Reach Strong topline growth driven by a robust order book and Product Expansion inquiries Order Book Visibility (No. of months) Successfully Thaletec 8 Launched SS products are now Reactors. launched in India 5 Pharmaskid and The Heat Transfer C
Slide 8: Quarterly Performance
Q2FY25 Highlights Revenue from Operations EBITDA PAT +5% +19% +33% 22,442.1 22,707.2 23,577.9 3,548.8 1,442.1 2,985.3 1,082.1 2,363.0 Quarterly Performance (₹ in lakhs) 542.0 Q2FY24 Q1FY25 Q2FY25 Q2FY24 Q1FY25 Q2FY25 Q2FY24 Q1FY25 Q2FY25 EBITDA Margins PAT Margins 15.1% 6.1% 13.3% 4.8% 10.4% 2.4% Q2
Slide 9: Half Yearly Performance
H1FY25 Highlights Revenue from Operations EBITDA PAT +10% +10% -1% 2,011.2 1,984.2 46,285.1 5,911.7 42,160.7 5,371.7 Half Yearly Performance (Rs in lakhs) H1FY24 H1FY25 H1FY24 H1FY25 H1FY24 H1FY25 EBITDA Margins PAT Margins 12.7% 12.8% 4.8% 4.3% H1FY24 H1FY25 H1FY24 H1FY25 8
Slide 10: Q2FY25 Revenue Breakup
Q2FY25- Revenue Breakup INDUSTRY-WISE REVENUE BREAK-UP PRODUCT-WISE REVENUE BREAK-UP Others ANF 10% 13% Reactors 29% API & Pharma 39% 27% Speciality Chemicals 39% Tank 1% ANFD 12% 30% Agrochemicals & Pesticides Others Our customers are spread predominantly across the Well diversified revenue streams
Slide 11: Profit & Loss: Q2 FY25
Profit & Loss: Q2 FY25 ₹ in Lakhs Particulars Q2 FY25 Q2 FY24 Y-o-Y Q1 FY25 Q-o-Q H1 FY25 H1 FY24 Y-o-Y Revenue from Contract with Customers 23,577.9 22,442.1 5.1% 22,707.2 3.8% 46,285.1 42,160.7 9.8% Other Income 138.8 339.0 178.4 317.2 407.3 Total Revenues 23,716.6 22,781.1 4.1% 22,885.6 3.6% 46,6
Slide 12: Balance Sheet: As on 30th September 2024
Balance Sheet: As on 30th September 2024 Particulars Sep-24 Mar-24 Particulars Sep-24 Mar-24 Non-Current Assets Equity Share Capital 1,365.3 1,365.3 Property, Plant and Equipment 32,225.0 31,467.2 Other Equity 41,751.4 40,314.8 Right of use assets 3,192.5 3,008.3 Non-Controlling Interest 8,356.5 7,9
Slide 13: Cash Flow Statement: As on 30th September 2024
Cash Flow Statement: As on 30th September 2024 Cash Flow Statement HYSep-24 FYMar-24 HYSep-23 Cash Flow from Operating Activities Profit before Tax 2,646.0 5,867.7 2,927.0 Adjustment for Non-Operating Items 3,199.2 6,220.6 2,249.9 Operating Profit before Working Capital Changes 5,845.2 12,088.3 5,17
Slide 14: Segmental Performance: Filtration, Drying and Glass Lined Equipment
Segmental Performance ₹ in Lakhs Segment Revenue Segment Result - EBIT Segment Assets & Liabilities Filtration, Drying and Other +15.6% +5% 37,366.7 5,135.2 34,418.8 4,595.8 30,955.9 31,410.6 4,377.8 4,442.9 Assets Equipment 30,467.7 24,175.0 Liabilities 13,377.3 1,626.7 5,958.9 7,541.8 FY21 FY22 FY
Slide 15: Segmental Performance: Heat Transfer Equipment
Segmental Performance ₹ in Lakhs Segment Revenue Segment Result - EBIT Segment Assets & Liabilities Heat Transfer Equipment 8,869.6 2,160.3 29,015.5 29,684.8 Assets 5,946.9 1,255.2 Liabilities 4,583.0 860.4 2,922.7 455.9 5,694.9 6,119.0 FY24 Q3FY24 Q4FY24 H1 FY25 FY24 Q3FY24 Q4FY24 H1 FY25 Jun-24 Se
Slide 16: Financial Performance - Consolidated
Financial Performance - Consolidated Revenue from Operations (₹ Lakhs) Order Book (₹ Lakhs) EBITDA (₹ Lakhs) & EBITDA Margin 93,202.3 96,792.0 60,247.1 19.7% 18.0% 45,740.7 47,936.1 15.6% 65,221.8 40,265.1 12.5% 12.8% 48,448.9 46,285.1 14,507 11,776 12,088 19,006.6 9,559 5,912 FY21 FY22 FY23 FY24 H1
Slide 17: Working Capital Analysis
Working Capital Analysis Inventory Receivables Days Days 125 90 113 116 105 109 77 67 61 43 FY21 FY22 FY23 FY24 H1 FY25 FY21 FY22 FY23 FY24 H1 FY25 Payables Net Working Capital Days Days 118 119 105 108 104 95 73 72 74 38 FY21 FY22 FY23 FY24 H1 FY25 FY21 FY22 FY23 FY24 H1 FY25 16
Slide 18: Evolution of the Group
Evolution of the Group Growth from Engineering Excellence 17
Slide 19: Background
Background “ Late Dr. K. H Patel, obtained his Master’s Degree in Chemical Engineering from University of Southern California and PhD from Columbia University New York, returned home to ” contribute to a newly independent India. Over the years, the Group has expanded its horizon. The Group is a lead
Slide 20: Our Products: Application and Functioning
Our Products: Application and Functioning Glass Lined Equipment Filtration & Drying Equipment 19
Slide 21: Diversified Product Portfolio
Diversified Product Portfolio Filtration Drying Custom Jobs Agitated Nutsche Filters Rotary Vacuum Paddle Dryers Tailor made equipment in a range of Agitated Nutsche Filter-Dryers Rapid Disc Dryers/Coolers MOCs fabricated up to 75mm thick, 60 Kilo-lab Filter-Dryers Spherical Dryers m3 capacity and o
Slide 22: Our Journey: Key Milestones
Our Journey: Key Milestones 1981 2017 2021 Operations Begin- HLE acquires Swiss Acquisition – HL Engineers Glasscoat Thaletec GmbH HLE begins operations, HLE expands into Glass HLE Glascoat acquires the manufactures machinery for Lined Equipment with the global business of leading Group chemical pla
Slide 23: Our Journey: Key Milestones
Our Journey: Key Milestones Largest One of the Largest 30+ Player in India 25+ Players in India Years of Filtration Years of Glass and Drying “Preferred Supplier” Lining In Glass Lined Equipment Leading Global Presence Acquisition of Thaletec Manufacturer of ANFDs 600+ 2,000+ Filters p.a. GL Equipme
Slide 24: Manufacturing Facilities
Manufacturing Facilities MAROLI WORKS ANAND WORKS • 15,000 m2 built-up area with nearly 13,000 m2 covered under 40 EOT • 20,000 m2 floor area covered by 33 EOT cranes. cranes. • Five SCADA controlled electric and gas fired furnaces for glass • Machine shop including VMCs, CNC Turn-mill, CNC drilling
Slide 25: Manufacturing Facilities
Manufacturing Facilities SILVASSA WORKS • 8600 m2 floor area covered by 18 EOT cranes. • Well developed welding capabilities with pulsed arc welding systems and over 30 qualified welders. • Jigs, fixtures, welding manipulators and specialized tooling for fast and repeatable performance. • Machine sh
Slide 26: Competitive Edge: Product Engineering
Competitive Edge: Product Engineering Pilot Plant and R&D Facility Application Center Fully Equipped Design and Engineering Capabilities • Pilot plant and R&D facility present at With • Design & Engineering team of more than 35 Maroli • Filtration & Drying Equipment – ANFDs, RVPDs engineers. • Our p
Slide 27: Competitive Edge: Product Engineering
Competitive Edge: Product 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 28: Robust Systems
Robust Systems ASME Accreditation CE Compliance JIS Compliance Authorized to use Designing and manufacturing Designing and ASME ‘U’, ‘NB’ and ‘R’ in compliance with CE as per manufacturing in Stamps for pressure Pressure Equipment, ATEX, compliance with ‘JIS’. vessels. Machinery, Electromagnetic, Lo
Slide 29: Project Showcase: Glass Lined Equipment
Project Showcase: Glass Lined Equipment Tilting Multifunction ANFD 8KL Pharma RVPD USA India Reactor, Filter, Dryer and Crystallizer built into A cantilever RVPD, supplied with a quick one opening front cover. ASME U-Stamp Certified MOC: SS316L MOC: SS316L ANFD for Sterile Application Australia 30KL
Slide 30: Project Showcase: Glass Lined Equipment
Project Showcase: Glass Lined Equipment Delivered 50 and 65 KL Tanks 32 and 40KL GMP Reactors Products at India India Scale Glass lined vessels supplied in the Indian Glass lined GMP reactors manufactured market followed by a repeat orders, and sold in the country. taking the total to 8 installation
Slide 31: Project Showcase: Custom and Exotic Metal Equipment
Project Showcase: Custom and Exotic Metal Equipment Continuous Pan Filter Oyster Filter Germany Germany 6m diameter pan for a continuous type filter 6m Diameter rotating type continuous filter, rotating within the tolerance of 3mm compliant with ASME, CE and JIS Standards MOC: Inconel MOC: SS316L Hi
Slide 32: Geographical Presence
Geographical Presence Strong Domestic Sales Network and Global Footprint Europe Russia Sales Network Channel Partner USA Ahmedabad Sales Network Saudi Arabia Channel Partner Channel Partner Vadodara Thailand Anand Channel Partner Channel Partner Regd. Office Surat Hyderabad Singapore Sales Office Ch
Slide 33: 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 34: Professional Management Team – India
Professional Management Team – India Chief Financial Officer Director Sales and Vice President Sales Vice President – Product Marketing and People and Marketing Excellence Success Total Experience: 18 years Total Experience: 18 years Total Experience: 23 years Total Experience: 30 years B Com, CA M.
Slide 35: Corporate Structure of HLE
Corporate Structure of HLE HLE Glascoat Limited 100% 70%* 99% Thaletec GmbH Kinam Engineering Industries Thaletec (Firm in India) Private Limited (Kinam) 100% Thaletec Inc *The Company directly owns 35.56% in Kinam. Post approval of the amalgamation with Kinam Enterprise Private Limited (which owns
Slide 36: Thaletec GmbH
Thaletec GmbH Leader in Glass Lined Equipment 35
Slide 37: Thaletec GmbH :- Overview
Thaletec GmbH :- Overview • Thaletec GmbH is a wholly owned subsidiary of HLE Glascoat Limited, acquired in December 2021 • A technology driven company specializing in designing and manufacturing Glass Lined Equipment for the chemical and pharmaceutical industries • Market leader in its segment in t
Slide 38: Highlights- Thaletec GmbH
Highlights- Thaletec GmbH 37,000 m2 Plant Area >50% Market Share Leading Innovator Largest Glass Lining Plant Market Leader in the most 17 Patents, Designs and in Europe demanding DACH markets Trademarks Centuries of Legacy Technology Driven Manufacturing since 1686, Continuing to innovate Glassing
Slide 39: Manufacturing Facilities
Manufacturing Facilities THALETEC, GERMANY • Operates a 40,000 sq. m., manufacturing facility with more than 160 employees • ISO 9001 : 2015 and EN ISO 50001 : 2018 • Capabilities to manufacture equipment with dimensions of up to 100,000 liters volume • Unmatched product offering; offers multiple on
Slide 40: Kinam Engineering Industries
Kinam Engineering Industries Leader in Heat Transfer Equipment 39
Slide 41: Kinam Engineering Industries - Overview
Kinam Engineering Industries - Overview Cumulative for FY19 to FY22 Chemicals and pharmaceutical sectors account for 60 – 70% of Kinam Engineering Industries Private Limited (Kinam) is engaged in the business of revenues manufacturing heat exchangers for the chemical and pharmaceutical industries. K
Slide 42: Widest Product Range in the Industry
Widest Product Range in the Industry Shell & Tube Heat Exchanger Corrugated Tube Heat Exchanger Spiral Heat Exchanger Box Heat Exchanger Brand & product • Integrated with KICC corrugated • Similar to conventional tubular Comprises of circular units tube technology • Consists of a shell with a bundle
Slide 43: Capabilities
Capabilities Dedicated and Specialists in Pioneer Team led by State-of-the- Supports experienced heat among Indian professionals art software project engineering, exchangers - players on and capability for specific design & knowledge multiple experienced designing, customised proposal base technolog
Slide 44: Manufacturing Facility
Manufacturing Facility • The Manufacturing Facility is situated at Ambernath (near Mumbai), with a total area of 1,10,000 sq fts, area under cranes ~ 70,000 sq ft. in a leased premises o It is well equipped with state-of-the-art equipment, a single EOT crane of 50T capacity o The Facility is capable
Slide 45: Capitalizing on Opportunities
Capitalizing on Opportunities Only manufacturer that One of the largest players offers the full range of in this space heat transfer solutions Adjacencies in the business in Also caters to other than terms of customer profile, chemical – Paint, Petrochem, manufacturing etc. Bulk Chemicals etc. Has r
Slide 46: Thank You
Thank You Company : Investor Relations Advisors : Mr. Naveen Kandpal Chief Financial Officer investor.relations@hleglascoat.com Orient Capital (a division of Link Group) investor.relations@hleglascoat.com Mr. Ronak Jain CIN: L26100GJ1991PLC016173 +91 98209 50544 ronak.jain@linkintime.co.in ronak.jai