Precision Camshafts Ltd. · NSE:PRECAM
Precision Camshafts — Q4 FY2017 Earnings Presentation
16 slides from Precision Camshafts's earnings presentation, May 29, 2017
Slide 1: Submission of investors presentation to stock exchanges
Precision Gamshafts Limited ,S Prtctttox (100% EOU Division) Works: D-5,D-6,7,7-1,M I D C, Chincholi, Solapur413 255 w Sec/May/SE/N&B/ OB / 20 17 Date: 29th May, 2Ol7 BSE Limited, The National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, Bandra kurla Complex, Dalal Stre
Slide 2: Investor Presentation May 2017
PRECISION INVESTOR PRESENTATION May 2017 PRECISION CAMSHAFTS LIMITED Wi ary *
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 Q4 & FY17 RESULT ANALYSIS COMPANY OVERVIEW SHAREHOLDING SRUCTURE 3
Slide 5: Quarterly Result Highlights (Standalone)
Quarterly Result Highlights (Standalone) 125.00 30.00% 24.70% 23.43% 25.00% 120.00 20.00% 115.00 15.96% In Rs. Crore 15.00% 110.00 12.63% 12.62% 10.00% 9.64% 105.00 5.00% 109.33 108.62 123.69 100.00 0.00% Q4FY16 Q3FY17 Q4FY17 Total Revenue EBITDA Margin PAT Margin 4
Slide 6: FY17 Result Highlights (Standalone & Consolidated)
FY17 Result Highlights (Standalone & Consolidated) 500.00 35.00% 28.65% 30.00% 400.00 23.50% 25.00% In Rs. Crore 300.00 20.00% Total Revenue 200.00 15.00% EBITDA Margin 12.99% 13.03% 10.00% PAT Margin 100.00 5.00% 452.36 467.01 0.00 0.00% FY16 FY17 On Standalone Basis 500.00 28.35% 30.00% 23.27% 400
Slide 7: Quarterly Revenue & Volume Break-up (Standalone)
Quarterly Revenue & Volume Break-up (Standalone) 80.00 71.88 100.00 61.59 78.28 76.84 60.00 50.55 80.00 In Rs. Crore In Rs. Crore 40.00 60.00 29.38 35.31 40.00 20.00 22.97 20.00 0.00 0.00 Casting Machined Domestic Exports Q4FY16 Q4FY17 Q4FY16 Q4FY17 2,500 1,914 1,903 2,000 1,500 In 000’s 1,000 467 5
Slide 8: Yearly Revenue & Volume Break-up (Standalone)
Yearly Revenue & Volume Break-up (Standalone) 350.00 305.23 324.91 350.00 264.93 297.25 280.00 280.00 In Rs. Crore In Rs. Crore 210.00 169.16 210.00 140.00 117.93 136.83 140.00 98.25 70.00 70.00 - 0.00 Casting Machined Domestic Exports FY16 FY17 FY16 FY17 10,000 7,910 7,643 8,000 6,000 In 000’s 4,00
Slide 9: Q4FY17 Result Analysis: Result Highlights
Q4FY17 RESULT ANALYSIS RESULT HIGHLIGHTS Q4FY17 Total Revenues increased by 13.13% to Rs. 123.69 crore • Domestic revenues increased by 53.70% and export revenues decreased by 1.85% • Share of domestic vs. exports was 31:69 in Q4FY17 compared to 23:77 in Q4FY16 • Sales of casting camshafts declined
Slide 10: Q4FY17 PAT grew by 48.10% to Rs. 15.61 crore
• Q4FY17 PAT grew by 48.10% to Rs. 15.61 crore. PAT margins improved by 298 bps from 9.64% to 12.62%. Despite of decrease in EBITDA margin, the Company is able to retain its PAT margin due to decrease in- FINANCE COST: There is decrease in the finance cost due to repayment of ECB loan and we have av
Slide 11: Q4 & FY17 Result Highlights: Standalone P&L Statement
Q4 & FY17 RESULT HIGHLIGHTS STANDALONE P&L STATEMENT Particulars (In Rs Crore) Q4FY17 Q4FY16 Y-o-Y % Q3FY17 Q-o-Q % FY17 FY16 Y-o-Y% Revenue from Operations 123.69 109.33 13.13% 108.62 13.87% 467.01 452.36 3.24% Other Income 0.89 1.19 -25.21% 5.52 -83.88% 9.17 12.41 -26.11% Total Revenues 124.58 110
Slide 12: Company Overview: 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 13: 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 14: Disclosure of Material Events
DISCLOSURE OF MATERIAL EVENTS • We are pleased to inform that the Company has won a global contract from Ford for the delivery of circa 8 million camshafts over the life of the program, which is expected to commence supplies from 2018 - 19. • The aggregate value of this program over its life time is
Slide 15: Shareholding Structure
SHAREHOLDING STRUCURE % Shareholding – 31st March 2017 Key Institutional Investors – As on 31st March 2017 Promoters and Public, 19.46% Promoter Group, SBI MF 7.17% 63.88% IDFC MF 3.60% Institutions, 16.66% ICICI PRUDENTIAL MF 1.54% Canara ROBECO MF 1.21% HDFC MF 1.11% Source: BSE Source: Thomson Re
Slide 16: Contact details
Mr Ravindra R. Joshi (Chief Financial Officer) Precision Camshafts Limited Ph: +91-217-23295433 Email: rrjoshi@pclindia.in Mr. Parin Narichania Concept Investor Relations Mo: +91 9930025733 Email: parin@conceptir.com 15
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