Jupiter Wagons Limited · NSE:JWL
Jupiter Wagons — Q1 FY2023 Earnings Presentation
44 slides from Jupiter Wagons's earnings presentation, Aug 12, 2022
Slide 1: Investor Presentation on Q1 FY2022-23 results cover letter
(formerly known as Commercial Engineers & Body Builders Co Limited) (CIN No – L28100MP1979PLC049375) Date – 12 August 2022 To, The Corporate Relationship Department, The Manager, Listing Department, BSE Limited, National Stock Exchange of India Limited, Phiroze Jeejeebhoy Towers, Exchange Plaza, Ban
Slide 2: Jupiter Wagons Limited
Private & Confidential JUPITER WAGONS LIMITED
Slide 3: Index
Index Title Nos. About Jupiter Wagons Products & Offerings 1 State of the art Infrastructure 2 Key Customers 3 About CEBBCO Products & Offerings 4 State of the art Infrastructure 5 Key Customers 6 Amalgamation: JWL & CEBBCO 7 Existing and Proposed Joint Ventures 8 Consolidated Financial overview 9 2
Slide 4: Jupiter
JUPITER ENGINEERING THE FUTURE
Slide 5: Jupiter Wagons – one of the largest player in India's dynamic Railway sector
Jupiter Wagons – one of the largest player in India’s dynamic Railway sector Company Overview Certifications ▪ Incorporated in 2006 and based out of Kolkata, West Bengal About the Company ▪ Jupiter Wagons manufactures railway wagons, high-speed bogies, couplers, draft gears and railway castings ▪ Pr
Slide 6: Strong Product Portfolio
1 Strong Product Portfolio
Slide 7: Product portfolio (1/2)
Product portfolio (1/2) Wagons Open Wagons Flat Wagons/ BLC Wagons for Containers Covered Wagons BRN Wagons for Steel Rails and Flats Car Carrier Wagons Hopper Wagons for Iron Ore BCFC Wagons for Cement and FlyAsh 6
Slide 8: Product portfolio (2/2)
Product portfolio (2/2) Passenger Coach & Wagon Accessories Draft Gear Passenger Coupler with balance Draft Gear Alloy Steel Cast Bogie Brake System (through JV with Dako) Brake Disc (through JV with Kovis) CMS Crossings for Indian Railways 7
Slide 9: State of the Art Infrastructure
2 State of the Art Infrastructure
Slide 10: State of the art manufacturing operations with significant capabilities
State of the art manufacturing operations with significant capabilities Located at West Bengal and spread across 100 acres of industrial land with 4km of railway siding and captive power substation Total Capacity Infrastructure Annual Production Product Capacity (units) Wagons 4,200 High Tensile Cou
Slide 11: Cutting edge foundry infrastructure facilities to enhance production
Cutting edge foundry infrastructure facilities to enhance production… ▪ 2 units of 15 Tons Electric Arc Furnace For Steel Melting ▪ Argon Purging System, ▪ Heat-treatment Furnace, ▪ Quenching Facility, ▪ Bend Correction Press etc. ▪ Sand Preparation Plant With Compact-strength Testing Laboratory ▪ M
Slide 12: Ultra modern automation and robotics technology
…along with ultra modern automation and robotics technology 11
Slide 13: Plant & Machinery: Wagon division
Plant & Machinery: Wagon division Preparation Bay: ▪ CNC Hi definition Plasma cutting ▪ CNC Press Brake ▪ CRF Mill ▪ CNC shearing Fabrication Bay: ▪ Semi-automatic MIG welding ▪ Mechanized sub ARC welding ▪ Robotic Welding ▪ Jigs, Fixtures & Manipulators Finishing Bay: ▪ Shot Blasting ▪ Painting ▪ B
Slide 14: Marquee Customer Base
3 Marquee Customer Base
Slide 15: Key Clientele
Key Clientele Blue Chip Companies Public Sector/ Indian Government 14
Slide 16: CEBBCO ...bodies in motion...
3CO ...bodies in motion...
Slide 17: CEBBCO - One of the leading manufacturer of Load Bodies of Commercial Vehicle
CEBBCO - One of the leading manufacturer of Load Bodies of Commercial Vehicle Company Overview Certifications ▪ Incorporated in 1979 and based in Jabalpur, Madhya Pradesh About the ▪ CEBBCO produces Load bodies for Commercial Vehicles and Company locomotive bodies for diverse applications for road a
Slide 18: Strong Product Portfolio
1 Strong Product Portfolio
Slide 19: Product portfolio across various applications (1/2)
Product portfolio across various applications (1/2) Mining & Road Construction Goods Transportation Ribless Tipper Tipper Side Wall Semi Trailer Load Cargo Refrigerator fitted Tip Trailers Container Car Carrier Box Trailers Flat Bed Trailers Skeletal Trailers Solid Waste Management Municipal Applica
Slide 20: Product portfolio across various applications (2/2)
Product portfolio across various applications (2/2) Defence Sector Railway Products Troop Carrier Water Bowser Bodies Stainless Steel Upgradation and refurbishment of Railway Wagons BOXN wagons LRV bodies Components for Locomotives Miscellaneous Applications Heavy Fabrication Animal Transport Ambula
Slide 21: State of the Art Infrastructure
2 State of the Art Infrastructure
Slide 22: State of the art manufacturing units
State of the art manufacturing units Madhya Pradesh Jharkhand 1 Plant in 1 JV & 3 Plants in 1 Plant in Indore Jamshedpur Jabalpur Load bodies for Load bodies for Commercial Vehicle Commercial Vehicle & Containers Plant 1 Plant 2 Plant 3 Joint Venture Load bodies for Load bodies for Wagons Brake disc
Slide 23: Manufacturing Facilities
Manufacturing Facilities Integrated manufacturing of over 24,000 vehicle bodies per annum.; 3,000 wagons per annum; 6,000 tons per annum of heavy fabrication facilities; and container manufacturing of 2,400 per annum 22
Slide 24: In-house conversion facility for Corrugation
In-house conversion facility for Corrugation 6 Mtr Bed Brake Press : 340T 3 Mtr Bed Brake press to handle corrugation Company Owned Die Punches For Corrugation 23
Slide 25: Marquee Customer Base
3 Marquee Customer Base
Slide 26: Key Clientele
Key Clientele Blue Chip Companies Public Sector/ Indian Government 25
Slide 27: Amalgamation: JWL & CEBBCO
Amalgamation: JWL & CEBBCO
Slide 28: Amalgamation between JWL and CEBBCO
Amalgamation between JWL and CEBBCO Company name changed from Commercial Engineers & Body Builders Co Limited to Jupiter Wagons Limited w.e.f. May 25, 2022 ▪ Board of Directors of JWL and CEBBCO approved ▪ NCLT, Kolkata bench has pronounced the order on ▪ The Allotment of shares to shareholders was
Slide 29: Existing and Proposed Joint Ventures
Existing and Proposed Joint Ventures
Slide 30: Existing Joint Ventures & Proposed Initiatives
Existing Joint Ventures & Proposed Initiatives Proposed Existing JV Initiatives Electric Metro Coaches Commercial Vehicles JWL: 50% JWL: 51% Kovis: 50% Dako: 49% 29
Slide 31: Existing Joint Ventures
Existing Joint Ventures KOVIS JV Company is currently setting up infrastructure, and is Clients: Passenger Transport 1 expected to commence production and generate Revenue from FY23 Brake Disc for LHB coaches JWL: 50% Kovis: 50% Clients: Freight Transport Approved by RDSO DAKO-CZ JV Company is curre
Slide 32: Track record of having technology transfer partnerships with global leaders
Track record of having technology transfer partnerships with global leaders Tatravagonka, a.s. Slovakia: Wagon manufacturing technology Talleres Alegria S.A, Spain: Welded CMS Crossings for high speed track LAF (CIM Group), France: CBC Coupler with Balanced Draft Gear for LHB coaches: 31
Slide 33: Consolidated Financial Summary
Consolidated Financial Summary
Slide 34: Revenue has grown at CAGR of 12% with strong profitability
Revenue has grown at CAGR of 12% with strong profitability Revenue (INR mn) EBITDA and PAT Margin CAGR @ 12% EBITDA% PAT% 10.7% 10.2% 9.7% 11,784 5.5% 5.4% 9,384 9,958 4.2% FY20A FY21A FY22A FY20A FY21A FY22A ROE ROCE 10.4% 8.4% 7.3% 12.1% 11.3% 11.5% FY20A FY21A FY22A FY20A FY21A FY22A *FY20 & FY21
Slide 35: Consolidated Profit & Loss
Consolidated Profit & Loss Particulars (INR mn) FY20A* FY21A* FY22A Revenue from Operations 9,384 9,958 11,784 Other Income 52 18 34 Total Revenue 9,436 9,976 11,817 YoY Growth 23.8% 5.7% 18.5% Material Costs 7,089 7,396 9,169 Changes in inventories - 20 -200 Gross Profit 2,295 2,542 2,815 Gross Mar
Slide 36: Consolidated Balance Sheet
Consolidated Balance Sheet Particulars (INR mn) FY20A* FY21A* FY22A Particulars (INR mn) FY20A* FY21A* FY22A ASSETS EQUITY Non-current assets Equity share capital 3,278 3,874 3,874 Property, plant and equipment 3,767 3,842 3,951 Other Equity 1,674 2,456 2,952 Intangible Assets 337 330 314 Non contro
Slide 37: Thank You
Thank You
Slide 38: Q1, Financial Year 2022-23 result
Q1, Financial Year 2022 - 23 result
Slide 39: Q1, Financial Year 2022-23 highlights
Q1, Financial Year 2022 - 23 highlights • Revenue from operations at Rs. 29,540.10 lakh as against Rs. 26,497.03 lakh in corresponding quarter of the previous year, FY- 2021 -22, a growth of 11.48%; • EBITDA reported at Rs 3,027.04 lakhs as against to Rs. 2,604.33 lakh in corresponding quarter of th
Slide 40: Q1, Financial Year 2023 result
Q1, Financial Year 2023 result Amount in lakh For the period ended For the period ended 30 June 2022 30 June 2021 % of % of Amount Amount revenue revenue Income Revenue from operations 29,540.10 26,497.03 Total income 29,540.10 26,497.03 Expenses Raw materials cost and changes in inventories of 21,6
Slide 41: Key developments
Key developments Company having order book of Rs. 468,631 lakh of manufacturing products across all plants. • Total wagon manufacturing order of Rs. 4,00,156 lakh from Indian Railway and private companies; • Containers manufacturing order of Rs. 5,961 lakh; • Order for design, fabrication and supply
Slide 42: Update of JV companies – JWL - KOVIS
Update of JV companies – JWL - KOVIS • Production facility has got approval from RDSO to produce Brake Discs for LHB type of coaches • Production to be commenced from 3rd quarter Financial Year 2022 23 • Initial order of Rs. 8,000 lakh (including export) received. 5
Slide 43: Update of JV companies – JWL - KOVIS
Update of JV companies – JWL - KOVIS 6
Slide 44: Update of JV companies – JWL - Dako
Update of JV companies – JWL - Dako • Product approval from RDSO to supply Axle Mounted Disc Brake System • Commissioning of Failure Indication cum Brake Application device completed successfully in Rail Coach factory, Kapurthala. • RDSO given clearance for Bogie Mounted Brake System for manufacturi