Electrotherm (india) Limited · NSE:ELECTHERM
Electrotherm (india) — Q1 FY2010 Earnings Presentation
18 slides from Electrotherm (india)'s earnings presentation, Aug 18, 2009
Slide 1: Investors Update - Q1 FY'10 (June'09)
18 August 2009 Electrotherm (India) Ltd Investors Update - Q1 FY’10 (June’09) Steady Growth In Spite of Heavy Weather 0
Slide 2: Key figures Q1 30th June'09
key figures Q1 30th June’09 4,402 817 170 million revenues million EBITDA million net profit +14.4% +22.7% -6.1% growth in revenues growth in EBITDA decline in net profit 18.6% 3.9% EBITDA margin net profit margin Numbers in INR except % 1 1
Slide 3: Outshining the BSE Sensex
Outshining the BSE Sensex Stock performance 1st Apr’09 – 30th June’09 300 250 200 +96% 150 +46% 100 As of 18th Aug’09 50 CMP INR 215.4 EV (INR MM) 14,105 Market Cap (MM) INR 2,472 52 week range (INR) 360/76 0 01 Apr'09 16 Apr'09 01 May'09 16 May'09 31 May'09 15 Jun'09 30 Jun'09 Electrotherm BSE sens
Slide 4: Performance Review
Performance Review Revenue INR MM EBITDA INR MM Net Profit INR MM 4,402 817 181 170 3,849 666 Q1 FY'09 Q1 FY'10 Q1 FY'09 Q1 FY'10 Q1 FY'09 Q1 FY'10 Net Revenues were up INR 553MM from INR 3,849MM in Q1’09 to INR 4,402MM in Q1’FY10, graphing an upward trend of 14.4%. Driven primarily by increase
Slide 5: Superior Business Model
Superior Business Model Business Which Is Built For Growth Revenue Mix Steel Segment 1.42% (INR 3,727MM) As India is once again poised for growth after the tumultuous weather, steel is 84.67% 13.91% one commodity which will be in high demand over the coming years. Electrotherm generates about 85% fr
Slide 6: Superior Business Model: Growing Business In Spite Of Tough Headwinds
Superior Business Model Growing Business In Spite Of Tough Headwinds Revenue Q1 FY’08 Revenue Q1 FY’09 Revenue Q1 FY’10 INR 2,466 MM INR 3,849 MM INR 4,402 MM 63 91 90 612 357 587 3,727 2,019 3,171 Engineering Steel Electric Vehicles Segments Q1’09 YoY Q1’10 YoY Engineering 64% 4% Steel 57% 18% Elec
Slide 7: Superior Business Model: Healthy Growth and Profitability
Superior Business Model Healthy Growth and Profitability Revenue (INR MM) 4,625 4,785 4,402 3,849 3,569 Q1 FY'09 Q2 FY'09 Q3 FY'09 Q4 FY'09 Q1 FY'10 EBITDA (INR MM) 817 666 601 634 540 Q1 FY'09 Q2 FY'09 Q3 FY'09 Q4 FY'09 Q1 FY'10 6 6
Slide 8: Segment Information: Engineering & Project Division
Segment Information Engineering & Project Division Revenue INR MM Net Revenues increased from INR 587MM in Q1’09 to INR 612MM in Q1’10, graphing an upward trend of 4.4% 620 612 Driven primarily by domestic demand 600 587 EBITincreased from INR 95MM in Q1’09 to INR 113MM 580 in Q1’10, growing a
Slide 9: Segment Information: Special Steel Division
Segment Information Special Steel Division Net Revenues increased from INR 3,171MM in Q1’09 to INR 3,727MM in Q1’10, graphing an upward trend of 17.5% Revenue INR MM Driven primarily by selling increased quantity of steel and DI Pipes 3,800 3,727 3,600 EBIT increased from INR 469MM in Q1’09 to
Slide 10: Special Steel Segment
Special Steel Segment Production (Metric Tonne) 54,159 52,390 53,632 53,621 25,249 42,668 19,993 17,722 17,834 18,267 MS Billets TMT Bars Q1 FY09 Q2 FY09 Q3 FY09 Q4 FY09 Q1 FY10 Q1 FY09 Q2 FY09 Q3 FY09 Q4 FY09 Q1 FY10 14,636 17,941 11,719 10,076 13,267 8,823 10,805 10,240 7,120 8,045 Structural DI P
Slide 11: Segment Information: Electric Vehicles Division
Segment Information Electric Vehicles Division Revenue INR MM Net Revenues declined 31% from INR 91MM in Q1’09 to INR 63MM in Q1’10 100.0 91.3 Driven primarily by lower demand 75.0 62.7 EBIT declined 80% to INR 1.2MM in Q1’10 from INR 50.0 6.3MM in Q1’09 EBIT margin declined primarily due to
Slide 12: Electric Vehicle Segment
Electric Vehicle Segment eBike Production - Volume 6,824 7,000 6,000 5,000 3,636 4,000 2,811 2,297 2,295 3,000 2,000 1,000 0 Q1 FY09 Q2 FY09 Q3 FY09 Q4 FY09 Q1 FY10 11 11
Slide 13: Shareholding Pattern as on June'09
Shareholding Pattern…as on 30 June’09 %age Shareholding 0.09% 10.87% Shareholder Type No. of Shares 1.54% 3,853,075 11.92% Promoters Mutual Funds 9,800 Financial Institutions 21,275 12.09% FII’s 1,366,666 Body Corporates 3,432,248 33.57% Individuals 1,247,920 Trusts 1,368,333 Others 177,057 29.91% T
Slide 14: Shareholding Pattern %
Shareholding Pattern % Investors June’08 Sep’08 Dec’08 Mar’09 June’09 Promoters (A) 29.16 32.27 32.27 33.57 33.57 Institutional Investors DIIs 1.64 1.53 1.40 0.10 0.09 FIIs 12.66 12.11 12.09 12.09 12.09 Sub Total (B) 14.30 13.64 13.49 12.19 12.18 Non Institutional Investors Individuals 11.90 11.52 1
Slide 15: Clients we Serve
~ JELECTROTHERM Clients we Serve > Surat Municipal Corporation (GR RACER-TARU @ wen enure uae Sz http:/ /www.suratmunicipal.gov.in POWER TRANSMISSION LIMITED : | —" TATA ESSAR TATA MOTORS Q © > ie 511 Sreeni Reliance 2g ~~ Be wp Industries Limited ADANI Adina igo coll sens </ L \i | | Yea a r roy Hi
Slide 16: Consolidated Income Statement
Consolidated Income Statement Figures in INR million Q1’09 Q1’10 YoYGrowth Total Revenues 3,848.7 4,401.9 14% Other Income 9.6 36.9 285% Increase (Decrease) in Stock 604.9 226.9 Material Costs (3,253.1) (3,221.3) -1% Employee remuneration (114.7) (123.5) 8% Other Expense (429.3) (503.7) 17% EBITDA 6
Slide 17: Thank You
Contact Us Thank You Bhavesh Jain TapanJindal Electrotherm India Ltd ARC Financial Services bvj@electrotherm.com tapan@arc-fs.com +91 2717 234 553 +91 11 4562 2127 16
Slide 18: Disclaimer
Disclaimer Forward Looking Statements Certain statements in this document with words or phrases such as “will”, “should”, etc., and similar expressions or variation of these expressions or those concerning our future prospects are forward looking statements. Actual results may differ materially from
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