Precision Camshafts Ltd. · NSE:PRECAM
Precision Camshafts — Q3 FY17 Earnings Presentation
14 slides from Precision Camshafts's earnings presentation, Feb 24, 2017
Slide 1: Submission of revised Investors Presentation to stock exchanges
Precision Camshafts Limited DPECIS'ON Sec/Feb/SE/N&B/05 (100% EOU Division) Works : D-5,D-6 ,7 ,7-1 , M I D C, Chincholi, Solapur 413 255 w f-_s Date: 24th February, 2017 BSE Limited, The National Stock Exchange of India Limited Towers, Ph i roze .leejeebhoy Exchange Plaza, Bandra kurla Complex, Dal
Slide 2: Results Presentation – Q3 & 9M FY17
RESULTS PRESENTATION – Q3 & 9M FY17 FEBRUARY 2017 PRECISION CAMSHAFTS LIMITED
Slide 3: Disclaimer
DISCLAIMER This presentation and the following discussion may contain “forward looking statements” by Precision Camshafts Limited (“Precision Camshafts” or “PCL” or the “Company”) that are not historical in nature. These forward looking statements, which may include statements relating to future res
Slide 4: Discussion Summary
DISCUSSION SUMMARY Q3 & 9M FY17 RESULT ANALYSIS COMPANY OVERVIEW SHAREHOLDING SRUCTURE 3
Slide 5: Key Highlights
Q3 & 9M FY17 RESULT ANALYSIS KEY HIGHLIGHTS Based on Standalone Financials 9M FY17 YoY Analysis In Rs Mn REVENUES & GROSS MARGIN EBITDA & EBITDA MARGIN PAT & PAT MARGIN 71.3% 71.4% 26.3% 14.0% 23.6% 13.1% 3,444.5 3,455.7 905.6 817.0 482.1 452.4 9M FY16 9M FY17 9M FY16 9M FY17 9M FY16 9M FY17 Revenue
Slide 6: Revenue Analysis – 9M FY17 YoY
Q3 & 9M FY17 RESULT ANALYSIS REVENUE ANALYSIS Based on Standalone Financials 9M FY17 YoY Analysis PRODUCT REVENUES - CASTINGS VS MACHINED CAMSHAFTS PRODUCT REVENUES - DOMESTIC VS EXPORTS 3,219.1 3,219.5 3,219.1 3,219.5 33.9% 34.9 % 885.6 1,186.1 752.8 1,015.3 2,333.5 12.9% 2,466.3 10.6 % 2,033.4 2,2
Slide 7: Revenue Analysis – Q3 FY17 YoY
Q3 & 9M FY17 RESULT ANALYSIS REVENUE ANALYSIS Based on Standalone Financials Q3 FY17 YoY Analysis PRODUCT REVENUES - CASTINGS VS MACHINED CAMSHAFTS PRODUCT REVENUES - DOMESTIC VS EXPORTS 1,015.7 1,015.7 921.7 921.7 65.2 % 56.0 % 219.1 341.9 257.8 426.0 11.2 % 702.6 4.1 % 673.8 663.9 589.6 Q3 FY16 Q3
Slide 8: Continued Focus on Increasing the Share of Machined Camshafts
Q3 & 9M FY17 RESULT ANALYSIS REVENUE ANALYSIS CONTINUED FOCUS ON INCREASING THE SHARE OF MACHINED CAMSHAFTS Revenue from Machined Camshafts (Rs Mn) 65% 22% 20% 416.7 426.0 342.2 343.3 285.5 257.8 YoY Growth Q1 FY16 Q2 FY16 Q3 FY16 Q1 FY17 Q2 FY17 Q3 FY17 Volume of Machined Camshafts in ‘000 80% 32%
Slide 9: Result Highlights
Q3 FY17 RESULT ANALYSIS RESULT HIGHLIGHTS Q3 FY17 Total Revenues increased by 11.0% to Rs 1,094.4 mn. • Domestic revenues increased by 56.0% and export revenues declined by 4.1%. • Share of domestic vs. exports was 34:66 in Q3 FY17 compared to 24:76 in Q3 FY16. • Sales of casting camshafts declined
Slide 10: Standalone P&L Statement
Q3 & 9M FY17 RESULT HIGHLIGHTS STANDALONE P&L STATEMENT Particulars (In Rs Mn) Q3 FY17 Q3 FY16 YoY % Q2 FY17 QoQ % 9M FY17 9M FY16 YoY% Revenue from Operations 1,080.2 947.9 14.0% 1,114.2 -3.0% 3,396.7 3,330.1 2.0% Other Operating Income 14.2 38.1 -62.8% 19.9 -28.8% 59.0 114.4 -48.4% Total Revenues
Slide 11: Marquee Customers and Global Footprint
COMPANY OVERVIEW MARQUEE CUSTOMERS AND GLOBAL FOOTPRINT MARQUEE CUSTOMERS GEOGRAPHICAL FOOTPRINT Canada Germany Russia UK Spain Uzbekistan Austria South Korea USA Hungary China India Brazil Geographies in which customers are serviced by PCL MARKETING NETWORK 4 continents serviced through various age
Slide 12: Capacity Expansion – Addition of New Machine Shop
COMPANY OVERVIEW CAPACITY EXPANSION – ADDITION OF NEW MACHINE SHOP CAPACITY EXPANSION: ADDITION OF MACHINE SHOP New machine shop for ductile / assembled / chilled cast iron camshafts at EOU division in Solapur Proposed capacity – 2.0 mn units / year Total capex – Rs 2,302 mn Capacity additio
Slide 13: Shareholding Structure
SHAREHOLDING STRUCURE % Shareholding – 31st December 2016 Key Institutional Investors – As on 31st December 2016 Promoters and Public, 19.07% Promoter SBI MF 7.22% Group, 63.90% IDFC PREMIER EQUITY FUND 3.60% Institutions, 17.03% ICICI PRUDENTIAL MF 1.96% Canara ROBECO MF 1.48% HDFC MF 1.12% Source:
Slide 14: For Further Queries
FOR FURTHER QUERIES: Mr Ravindra R Joshi Precision Camshafts Limited Director & CFO Email ID: rrjoshi@pclindia.in Contact No: 91 217 23295433 Nilesh Dalvi / Yashesh Parekh Dickenson Seagull IR IR Consultant Email ID: nilesh.dalvi@dickensonir.com yashesh.parekh@dickensonir.com Contact No:+91 98192891