Isgec Heavy Engineering Ltd. · NSE:ISGEC
Isgec Heavy Engineering — Q1 FY25 Earnings Presentation
33 slides from Isgec Heavy Engineering's earnings presentation, Aug 14, 2024
Slide 1: Cover letter to stock exchanges on investor presentation
� ISGEC ISGEC HEAVY ENGINEERING LTD. � A-4, Sector-24, Noida - 201 301 (U.P.) lnd/s (GST No.: 09AAACT5540K2Z4) Tel.: +91-120-4085000 IO1 I 02 Fax: +91-120-2412250 E-mail: corpcomm@isgec.com www.isgec.com Date: August 14, 2024 H0-425-S To To BSE Limited National Stock Exchange of India Limited Floor
Slide 2: Isgec Heavy Engineering Ltd. Investor Presentation Q1FY25
www.reallygreatsite.com Isgec Heavy Engineering Ltd. Investor Presentation Q1FY25
Slide 3: Safe Harbour
Safe Harbour This Presentation and the accompanying slides (the “Presentation”), which have been prepared by Isgec Heavy Engineering Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for
Slide 4: Table of Contents
Table of Contents Company Overview Q1FY25 Performance Highlights Order Book Annual Performance Highlights Annexures
Slide 5: Company Overview
Company Overview
Slide 6: Isgec at a Glance
Isgec at a Glance Diversified Company Distinguished Board and (Manufacturing of Machinery & Management Team Equipment, Industrial Projects and Technology Partnerships with Sugar & Ethanol) Leading Global Companies Serving Marquee Clients Robust Order Book & Strong Global Reach with Credit Profile eq
Slide 7: 90+ Years & Going Strong
90+ Years & Going Strong Incorporated in 1933 as a Sugar Manufacturing Company. Transformed into a Diversified Heavy Engineering Company with 86% Consolidated Revenue* from Engineering Products and Projects 1933 2023 Isgec, then known as Saraswati Capacity in Ethanol Plant at Saraswati Sugar Sugar S
Slide 8: Diversified Business Model
Diversified Business Model Process Plant Equipment Sugar Plants & Distilleries Air Pollution Control Iron & Steel Castings Equipments Industrial Boilers Boiler Tubes & Panels Industrial Manufacturing Projects 34% Power Plants 52% Revenue* Presses & Press Brakes Bulk Material handling Revenue* Equipm
Slide 9: Serving Marquee Clientele across Sectors
Serving Marquee Clientele across Sectors 8
Slide 10: Operating Facilities ensuring Pan-India Presence
Operating Facilities ensuring Pan-India Presence 8 Manufacturing Plants located across the world Industrial Projects Manufacturing Facilities Offices Yamunanagar, Pressure Vessels & Heat Haryana Exchangers, Presses, Boilers, Noida, Containers, Iron Castings, Sugar & Uttar Pradesh Other Industrial Ma
Slide 11: Revenue Diversification across Geographies
Revenue Diversification across Geographies Equipments supplied in 93 countries across 6 continents 100% 10% 13% 90% 22% 18% 17% 80% 70% 60% 50% 90% 87% 40% 78% 82% 83% 30% 20% 10% 0% FY20 FY21 FY22 FY23 FY24 Domestic International *Consolidated Revenue 10
Slide 12: Strategic Technology Partnerships
Strategic Technology Partnerships Amec Foster Wheeler, NEM Energy B.V., CB&I Technology Inc., Babcock Power Thermal Engineering Fuel Tech Inc., (now with Wood Group, UK) Netherlands USA Environmental Inc., International (TEi), USA USA USA USA AP&T, Sumitomo SHI FW BHI FW Corporation, Sweden Energia
Slide 13: Distinguished Board of Directors
Distinguished Board of Directors Mr. Ranjit Puri Mr. Aditya Puri Chairman Managing Director Education: B.Sc. Industrial Management from MIT, USA. Education: Experience: B.A. (Hons.) from St. Stephen’s College, India, and M.A. Over 60 years of rich and versatile experience in the Economics from Cambr
Slide 14: Distinguished Board of Directors
Distinguished Board of Directors Mr. Vishal Kirti Keshav Marwaha Mr. Sidharth Prasad Independent Director Independent Director Education: Education: C.A and B.Com (Honours) from the University of Delhi, India B.Com from Lucknow University, and an Executive MBA from IIM, Lucknow Experience: Experienc
Slide 15: Performance Highlights Q1FY25
Performance Highlights Q1FY25
Slide 16: Q1FY25 Snapshot
Q1FY25 Snapshot 10.7% 27.8% Revenue Growth YoY PAT Growth YoY 14.5% 3.7% EBITDA Growth YoY Key Financials Segmental Industrial Projects Revenue Growth YoY 36.5% 4.7% Manufacturing of Sugar & Ethanol Machinery & Equipment Revenue Growth YoY Revenue Growth YoY *Consolidated Financials 15
Slide 17: Key Financial Highlights – Q1FY25
Key Financial Highlights – Q1FY25 (in Rs. Mn) Revenue EBITDA & EBITDA Margin (%) PAT & PAT Margin (%) 8.3% 9.3% 8.6% 7.6% 8.6% 3.8% 4.3% 4.5% 3.9% 4.3% 2,500 2,000 2,000 1,800 1,600 1,400 1,500 1,200 1,000 18,720 1,000 14,767 14,978 15,485 800 13,988 1,371 1,416 1,335 1,287 600 500 1,166 400 637 666
Slide 18: Segmental Highlights – Q1FY25
Segmental Highlights – Q1FY25 (in Rs. Mn) Revenue & EBIT Margin (%) Manufacturing of Machinery & Equipment Industrial Projects Sugar & Ethanol (Excludes Ethanol Plant under construction) 8,000 9.9% 11.9% 9.2% 9.9% 13.6% 4.0% 4.0% 3.6% 3.9% 4.5% 7,000 12.3% 14.8% 8.2% 5.4% 11.1% 12,000 12,000 6,000 1
Slide 19: Order Book
Order Book
Slide 20: Robust Order Book (Consolidated)
Robust Order Book (Consolidated) Orders Booked during the Quarter (in Rs. Mn) Order Book as at end of Quarter/Financial Year (in Rs. Mn) 83,210 79,050 77,410 73,220 67,650 15,450 14,160 13,650 11,520 11,240 Q1FY24 Q2FY24 Q3FY24 Q4FY24 Q1FY25 FY21 FY22 FY23 FY24 Q1FY25 19
Slide 21: Order Book Composition (Consolidated)
Order Book Composition (Consolidated) Sector wise Geography wise Segment wise 17% 27% 31% 69% 73% 83% PSU & Government Private International Domestic Industrial Projects Manufacturing of Machinery & Equipment Order Book Rs. 77,410 Mn (as on 30th June 2024) 20
Slide 22: Diversified across Sectors
Diversified across Sectors Consolidated Order Book Rs. 77,410 Mn * Railways Power Fertilizer Cement Mines Ports Oil & Gas Steel Chemical Space Automobile Defence Sugar Distillery Paper Water Treatment Composition by Industry 32% 15% 13% 10% 15% 5% 10% Refineries Power Steel, Sugar Chemicals, Automob
Slide 23: Annual Performance Highlights
Annual Performance Highlights
Slide 24: Business Highlights – Industrial Projects Segment (1/2)
Business Highlights – Industrial Projects Segment (1/2) First Wet Flue Gas Desulphurisation (FGD) 10,000 TCD Refined Sugar Plant with 210 Expansion of integrated Sugar complex Unit Commissioned for 800 MW TPH /125 BAR, bagasse fired boiler with 120 KLPD Ethanol plant Successfully commissioned our fi
Slide 25: Business Highlights – Industrial Projects Segment (2/2)
Business Highlights – Industrial Projects Segment (2/2) First Semi Dry FGD Unit 100th order received for Atmospheric World’s largest Waste Heat Recovery Fluidised Bed Combustion (AFBC) Boiler Boiler (WHRB) Successfully commissioned our first Semi Dry Received an order for the world’s largest Waste H
Slide 26: Key Financial Highlights – Annual
Key Financial Highlights – Annual (in Rs. Mn) Revenue EBITDA & EBITDA Margin (%) PAT & PAT Margin (%) 9.3% 5.9% 7.3% 8.4% 4.6% 2.1% 3.2% 4.1% 64,117 62,452 54,773 55,126 5,067 5,240 4,673 3,246 2,531 2,549 2,055 1,150 FY21 FY22 FY23 FY24 FY21 FY22 FY23 FY24 FY21 FY22 FY23 FY24 *Consolidated Financia
Slide 27: Key Ratios – Annual
Key Ratios – Annual Return on Capital Employed Interest Coverage Ratio (x) Debt – Equity Ratio (x) 16% 8.12 14% 6.53 0.55 13% 0.50 0.45 4.97 8% 3.43 0.30 FY21 FY22 FY23 FY24 FY21 FY22 FY23 FY24 FY21 FY22 FY23 FY24 26
Slide 28: Segmental Highlights – Annual
Segmental Highlights – Annual (in Rs. Mn) Revenue & EBIT Margin (%) Manufacturing of Machinery & Equipment Industrial Projects Sugar & Ethanol 25000 35000 0.15 50000 0.14 10.5% 6.9% 6.9% 10.2% 5.0% 2.9% 4.4% 3.9% 13.1% 9.2% 9.2% 9.9% 0.14 45000 0.13 30000 20000 0.12 40000 0.12 0.11 25000 35000 0.1 0
Slide 29: Annexures
= Annexures
Slide 30: Corporate Structure (Subsidiaries & Joint Ventures)
Corporate Structure (Subsidiaries & Joint Ventures) JV with Titan Metal Isgec Titan Fabricators USA, based in Metal Yamunanagar, India, for Fabricators manufacturing corrosion- Step-down subsidiary in Cavite Biofuel Pvt. Ltd., India resistant process plant Cavite Philippines, Producers Inc., - 2015
Slide 31: Shareholders Information
Shareholders Information Shareholding structure – 30th June 2024 Shareholder Information as on 30th June 2024 BSE Ticker 533033 25.25% NSE Symbol ISGEC Market Cap (in Rs. Mn) 91,544.2 % Free- float 37.6% 0.71% 62.43% Free Float Market Cap (in Rs. Mn) 34,393.2 3.51% Shares Outstanding (Mn) 73.5 8.10%
Slide 32: Isgec as a good Corporate Citizen is persistently working to address ESG topics
Isgec as a good Corporate Citizen is persistently working to address ESG topics Transitioning to a comparatively clean fuel Utmost importance to the health and safety for (shift from Diesel to RLNG) in our factories everyone working at the site or factory Over the years, increased the mix of Ensurin
Slide 33: Thank You
Thank You Isgec Heavy Engineering Limited, INDIA chatnani@Isgec.com | www.isgec.com Registered Office Radaur Road, Yamunanagar - 135001, Haryana, India CIN No.: L23423HR1933PLC000097 For more information contact: Ernst & Young LLP Rohit Anand I Riddhant Kapur | Anubhav Khandelwal rohit.anand4@in.ey.
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