Bmw Industries Ltd · BSE:BMW
Bmw Industries — Q3 FY24 Earnings Presentation
20 slides from Bmw Industries's earnings presentation, Feb 11, 2024
Slide 1: Cover letter to stock exchanges
Date: 11-02-2024 To, To, The Manager The Manager Listing Department Listing Department BSE Limited The Calcutta Stock Exchange Limited Phiroze Jeejeebhoy Towers Lyons Range, Dalal Street, Mumbai- 400001 Kolkata – 700 001 Scrip Code: 542669 Scrip Code: 12141- CSE Dear Sir / Madam, Subject: Investors
Slide 2: BMW Industries Limited Q3 FY24 Earnings Presentation
BMW Industries Limited Q3 FY24 Earnings Presentation Trust | Consistency | Stability
Slide 3: Safe Harbor Statement
Safe Harbor Statement This presentation may contain certain “forward-looking statements” within the meaning of applicable securities laws and regulations, which may include those describing the Company’s strategies, strategic direction, objectives, future projects and/or prospects, estimates etc. In
Slide 4: Inside this Presentation
Inside this Presentation Particulars Page No. Company Snapshot 4 Management Commentary 5 Quarterly Highlights 6–9 Operational Highlights 10 Quarterly Profit and Loss 11 Strong Cash Flows 12 Growth Strategies 13 – 16 Shareholding Pattern 17 Key Investment Highlights 18 Thank You 19 3
Slide 5: Company Snapshot
Company Snapshot Product Portfolio About BMWIL ▪ BMW Industry Limited (BMWIL), incorporated in 1981, is one of the largest steel processing company in India, having multi location manufacturing units in the Steel sector ▪ Engaged in the Manufacturing & Processing of HRPO Coils, CR Coils, GP Coils, G
Slide 6: Management Commentary
Management Commentary “Operating revenue grew by 1.5% YoY to ₹ 14,393 lacs in Q3FY24. However, the operating revenue fell by 9.7% QoQ largely due to fall in Zinc prices, which is a pass through. Gross profit has risen to ₹ 9,818 lacs from₹ 9,646 year on year. Gross Profit margin has increased slight
Slide 7: Quarterly Highlights
Quarterly Highlights ₹ Lacs Q3 FY 24 Operating Gross Operating PBT PAT Cash Income Profit EBITDA Profit1 14,393 9,818 4,242 1,555 1,149 2,413 Growth (YOY) 1.5% 1.8% 3.1% (31.9%) (33.6%) (22.5%) Growth (QOQ) (9.7%) (3.0%) 8.9% (36.8%) (35.0%) (15.9%) Margin2 (%) 68.2% 29.5% 10.7% 7.9% Margin –YoY 17
Slide 8: Quarterly Highlights (Cont.)
Quarterly Highlights (Cont.) ₹ Lacs 13.0% 11.5% 11.7% Particulars 31-Dec-22 31-Mar-23 30-Sep-23 31-Dec-23 10.6% 10.7% 8.9% 9.4% 9.5% Net Worth 59,078 60,373 63,705 64,862 Gross Debt 22,461 21,928 16,336 16,291 Lease Liabilities 1,861 1,831 1,920 1,915 Cash & Cash Equivalents 142 762 153 627 Dec'22 M
Slide 9: Quarterly Highlights (Cont.)
Quarterly Highlights (Cont.) CRM Complex Rolling Mill (TMT) Pipes and Tubes 2,30,000 2,24,014 15,000 4,000 51,142 31,050 2,25,000 13,000 3,500 2,20,000 ₹ 11,211 11,000 3,000 24,607 2,15,000 2,09,110 ₹ 9,987 34,837 2,10,000 ₹ 9,390 9,000 2,500 19,291 2,05,000 ₹ 2,064 7,000 ₹ 1,854 ₹ 1,690 2,000 2,00,
Slide 10: Quarterly Highlights (Cont.) - Revenue Breakup
Quarterly Highlights (Cont.) ₹ Lacs Revenue Breakup Q3 FY 24 Q3 FY 23 YoY Change Q2 FY 24 QoQ Change CRM Complex 9,390 9,987 (6.0%) 11,211 (16.2%) Rolling Mill (TMT Bars) 2,064 1,854 11.3% 1,690 22.1% Pipes and Tubes 1,284 736 74.4% 1,272 0.9% Logistics 1,175 1,165 0.9% 1,294 (9.2%) Others 480 435 1
Slide 11: Operational Highlights
Operational Highlights Installed Actual Annualized Particulars Capacity Production1 Utilization CRM Complex 10,14,000 6,35,807 83.6% Rolling Mill (TMT Bars) 3,00,000 1,22,752 54.6% Pipes & Tubes 1,32,000 80,758 81.6% Others 4,10,000 1,51,542 49.3% Note: 1. Data for 9M FY24 10
Slide 12: Quarterly Profit and Loss Summary
Quarterly Profit and Loss Summary Rs in lacs Particulars Q3 FY24 Q3 FY23 YoY Change Q2 FY24 QoQ Change 9M FY24 9M FY23 YoY Change FY23 Operating Income 14,393 14,177 1.5% 15,942 (9.7%) 46,088 42,710 7.9% 56,234 Gross Profit 9,818 9,646 1.8% 10,125 (3.0%) 30,191 25,927 16.4% 34,070 Gross Profit
Slide 13: Strong Cashflow
Strong Cashflow 18,000 1.28 1.40 ▪ The company has strong and consistent operating cash flow. NCOA/Operating 16,000 EBITDA is at healthy levels 1.03 1.20 16,160 14,000 0.97 1.00 12,000 ▪ 12,563 Due to strong cash flow from operations, Net Debt/Equity as well as 12,183 10,000 0.61 0.80 Net Debt/Opera
Slide 14: Growth Strategies
Growth Strategies 13
Slide 15: Step-up the existing capacity
Step-up the existing capacity Increased Pipes & Tubes Capacity/Production (in MT) Pipes & Tubes Capacity Expansion Plans 10,02,000 • Expansion of the Pipes & Tubes production capacity is at the existing plants in Kolkata and Jamshedpur. 6,69,500 • Increased Capacity will operate at ~70-80% 5,34,000
Slide 16: Strong Revenue Visibility
Strong Revenue Visibility Agreement for conversion of GP/GC sheets through the CRM Complex, is coming up On renewal, revenue expectation of Rs. 2,000 crores over 1 for renewal in April 2024 the contracted period of 5 years Key Entry Barriers: Capital Requirements Geographical Advantage Relationship
Slide 17: Build Own Brand
Build Own Brand Distribution in Place Establish Brand Asset Light Model and Growing Value ▪ Creation of strong distribution ▪ Introduction of adjacent network ▪ Efficiently outsourcing product categories manufacturing facilities ▪ Focused penetration in under- ▪ BMWIL cautiously spending on serviced
Slide 18: Shareholding Pattern
Shareholding Pattern 7.8% 0.1% 18.1% Promoter & Promoter Group Bodies Corporate Resident Individuals 74.0% NRIs As on December 2023 17
Slide 19: Key Investment Highlights
Key Investment Highlights Stable margins Established strong despite volatile relationship with steel prices key customers Built an efficient Strong Financial service & Cashflow environment to serve its customers Proximity to major Strong Industry customers and raw growth drivers material supplier 18
Slide 20: Thank You
Thank You For further details please contact Chief Financial Officer Investor Relations Advisor Abhishek Agarwal Sanjeev Sancheti Email: abhishekagarwal@bmwil.co.in Email: ir@uirtus.in Website: www.uirtus.in 19