Slide 1: Q2FY15 Results
Q2FY15 Results surface to air 1
Slide 2: Contents
Contents 1. Business Performance 2. Key highlights 3. About PEL 2
Slide 3: Business performance
Business performance The company’s income from operations was up by 4.3% YoY at IN R 352.9mn for Q2FY15. The rise was supported by 6.3% YoY growth in the explosives business especially packaged explosives . However, postponement of delivery of propellants and delay in orders for tear gas grenades
Slide 4: Result update – Profit & Loss
Result update – Profit & Loss Particulars (INR mn) Q2FY15 Q2FY14 YoY (%) Q1FY15 QoQ (%) Net sales 352.9 338.5 4.3% 351.6 0.4% Total expenses 315.1 303.1 3.9% 333.7 -5.6% Operating profit 37.8 35.3 7.0% 17.9 111.1% OPM (%) 10.7% 10.4% 5.1% Other income 0.9 1.4 -34.9% 1.9 -53.2% Depreciation 8.9 6.0 4
Slide 5: Quarterly – Profit & Loss
Quarterly – Profit & Loss Q3 Q4 Q1 Q2 Particulars (INR mn) FY13 FY14 FY13 FY14 FY14 FY15 FY14 FY15 Net sales 275.7 333.5 359.6 414.1 367.9 351.6 338.5 352.9 Total expenses 264.0 289.9 318.0 383.7 314.7 333.7 303.1 315.1 Operating profit 11.7 43.6 41.5 30.4 53.3 17.9 35.3 37.8 OPM (%) 4.2% 13.1% 11.5
Slide 6: Profit & Loss – Key indicators
Profit & Loss – Key indicators Particulars (INR mn) FY12 FY13 FY14 1HFY15 Net sales 1083.2 1094.0 1454.0 704.5 Growth in net sales (%) 14.8% 1.0% 32.9% -0.3% Operating profit 174.9 97.7 162.6 55.7 OPM (%) 16.1% 8.9% 11.2% 7.9% Other income 17.0 20.6 14.1 2.8 Depreciation 18.7 21.5 23.5 17.6 Interest
Slide 7: Balance sheet – Key indicators
Balance sheet – Key indicators Particulars (INR mn) FY12 FY13 FY14 1HFY15 Share capital 81.3 81.3 83.6 88.6 Reserves & surplus 373.7 403.3 488.7 521.5 Non-current liabilities 90.8 115.6 115.4 101.5 Current liabilities 235.1 298.9 385.6 278.3 Total 780.8 899.0 1073.3 989.9 Non-current assets 430.5 49
Slide 8: Performance snapshot
Performance snapshot Revenue breakup (INR mn) Revenue breakup (%) Explosives Defence products Services Windpower Explosives Defence products Services Windpower 450 1 400 1.0% 34 0.2% 0.1% 0.5% 0.7% 2 2 100% 350 3 1 10% 13% 8% 11% 12% 97 38 40 300 33 44 15% 12% 43 80% 19% 24% 18% 51 62 250 62 60% 200
Slide 9: Performance snapshot
Performance snapshot Operating profit PAT and PAT margins (%) Operating profit (INR mn) OPM (%) (LHS) PAT (INR mn) PATM (%) (LHS) 30 7.0% 50 13.1% 14.0% 6.2% 45 12.0% 6.0% 25 5.8% 40 10.4% 10.7% 5.4% 5.0% 10.0% 5.0% 35 44 20 7.3% 24 30 38 4.0% 8.0% 21 25 15 18 30 5.1% 6.0% 3.0% 20 35 18 10 15 4.0% 2
Slide 10: Key highlights – Defence products
Key highlights – Defence products Union Budget allocation to defence for FY15 is INR 2,290bn. Projects worth INR 800bn cleared in October 2014. Make-in-India program and raising of FDI cap – a leap forward in indigenization. PEL has signed NDAs and MOU with global missile players to capitalise
Slide 11: Key highlights – Explosives
Key highlights – Explosives The growth in coal production in India has remained slow during entire Q2FY15, resulting in lower demand and subdued prices for detonators. Cancellation of coal auctions by Supreme Court and subsequent enabling ordinance by Central Government are expected to clear the
Slide 12: Key highlights – Services
Key highlights – Services PEL gets ~10% revenues by operating and maintaining solid propellant production facilities of ISRO at SHAR, Sriharikota (A.P.) and Solid Fuel Complex (SFC) at Jagdalpur (Chattisgarh). This Government Owned Company Operated (GOCO) model gives PEL an advantage in terms of
Slide 13: About PEL - Technology minded management
About PEL - Technology minded management Promoted by first-generation technocrat Dr. A.N.Gupta. M.E. (Mining Engineering) Recipient of ‘Pickering and ISM Medal’ from Indian School of Mines, Dhanbad Executive Director – Mr. T.V.Chowdary, Chemical engineer with 31 years experience in production of
Slide 14: Major milestones
Premier Explosives a limited Major milestones 2014 e Collaboration with IIT Madras for research in high energy materials 2012¢ Launched NHN detonator as a superior alternative to ASA NABL Accreditation _———_— | 2010¢ 2009 eo Started wind mill. SMS Plant Neyveli 2006* Setup Solid Mr. A.N.Gupta appoin
Slide 15: Strategic presence across India
Strategic presence across India Peddakandukur (Telangana) Detonator, Detonating fuse, Packaged explosives, product research & Special Products Divisions Bulk Explosives Singrauli (Madhya Pradesh) Chandrapur (Maharashtra) Godavarikhani (Telangana) Pushpathur (Tamil Nadu) Manuguru (Telangana) Windmill
Slide 16: For further queries:
For further queries: Premier Explosives Limited S-Ancial Advisors Pvt. Ltd. “Premier House”, 503, Gundecha Chambers, 11, Ishaq Colony, (Near AOC Centre), Nagindas Master Road, Secunderabad – 500015. Fort, Mumbai 400 001 Contact No. : 040-66146824 Email: info@s-ancial.com Contact No.: 022 6635 1001/2