Vst Tillers Tractors Limited · NSE:VSTTILLERS
Vst Tillers Tractors — B & K Securities 15th Annual Global Conference (May 2025)
25 slides from Vst Tillers Tractors's conference presentation, May 29, 2025
Slide 1: Exchange filing cover letter under Regulation 30
VSTL/SE/2025-26 May 29, 2025 The General Manager – Listing, The Manager Listing, National Stock Exchange of India Ltd. BSE Ltd., Plot No. C/1, G Block, Floor 25, P.J. Towers, Bandra – Kurla Complex, Dalal Street, Bandra (E), MUMBAI – 400 051 MUMBAI – 400 001 Dear Sir/Madam, Sub: Regulation 30 of the
Slide 2: Antony Cherukara, CEO, 29-May-2025
Antony Cherukara 29-May-2025 CEO Mumbai
Slide 3: Disclaimer
Disclaime r Certain statements in this release concerning our future growth prospects, or our future financial or operating performance, are forward-looking statements intended to qualify for the 'safe harbor' under the Private Securities Litigation Reform Act of 1995, which involve a number of risk
Slide 4: Agenda
01. Macro MacroEconomy Economy -Its impact in FY 25 02. Key highlights 03. Sales volume 04. Financial Performance 05. FY’26 Outlook 06. Product pipeline 07. Key Priority and growth projects 3
Slide 5: Macro economy and its impact in FY25
Disclaime MONSOON Q1 was impacted by below normal monsoon and above normal monsoon from Q2 r onwards led to pick up in agricultural activities GENERAL ELECTIONS Government subsidy spending was delayed during the main Kharif season due to the April–May 2024 general elections INTERNATIONAL TRADE Softe
Slide 6: Key highlights
Power Weeder Tractor -Power Series Highest ever sales- 63% YoY growth 06 01 Sales jumped by ~180 % Power Reaper AT AN International Business YoY Sales growth by 22% 05 INFLECTION 02 Expanded into new geographies: POINT Cyprus, Czech Republic, Russia, Angola, 5 Turkey, and Mali. Precision Component D
Slide 7: Sales volume
(In Nos) VST ZETOR TRACTOR Product Q4 FY 25 Q4 FY24 % Growth FY25 FY24 % Growth 13,278 11,566 14.80% 37,297 36,480 2.24% Power Tiller 157 115 36.52% 2,403 1,964 22.35% Power Reaper 2,318 1,385 67.36% 7,458 4,567 63.30% Power Weeder 1,030 960 7.29% 3,876 3,708 4.53% Tractors Domestic Tractors Export
Slide 8: Revenue and Operational EBITDA
( Rs Cr ) VST ZETOR Revenue TRACTOR Opr EBITDA 332 UNITS 10% 301.43 13.39% 14.57% 273.44 1% 40.37 39.83 7458 UNITS CY PY CY PY 3% 994.55 968.05 12.83% 11.17% 2403 -12% 111.09 124.19 CY PY SPEED CY PY Note: Operational EBIDTA is EBITDA excluding other income and net gain/(loss) on fair value changes
Slide 9: Profit after tax
( Rs Cr ) 5% • *PAT for the quarter is excluding the impact of the fair value change on investment Loss of Rs 3.85 Cr in Q4 CY PY FY’25, compared to Gain of Rs 7.65 Cr in Q4 FY’24 75 -7% • Similarly , *PAT for full year is excluding the impact of the fair value change on investment Gain is Rs 24.69
Slide 10: Key Results
Key Results • Revenue • Operational EBIDTA & PAT • Net Working Capital • Cash Generation from Operations
Slide 11: CAGR of 11% from FY20, need to accelerate
CAGR of 11% from FY20 , Need to Accelerate… FY21 FY22 FY23 FY24 FY25 43% 10% 18% -3.8% 2.7% 764 Cr 854 Cr 1006 Cr 968 Cr 994 Cr High Inflation (Rs Cr) Covid 1031 1028 1033 Rs Cr 888 809 810 704 659 658 Total Revenue 563 567 1006 968 994 615 854 764 764 647 678 552 544 Opr. Revenue FY 2014-15 FY 2015
Slide 12: Profit margins maintained despite disruptions and inflation
Profit margins maintained despite Covid, Supply chain Disruptions , Runaway inflation through focus on ZBC and others 16.5 % Opr EBITDA 15.5 14.2 14.5 13.7 13.8 12.6 12.8 12.3 12.0 % PAT 11.8 11.8 11.3 11.2 11.2 11.2 9.0 9.2 7.5 7.0 B’lore Union Settlement 3.2 Growth div project TQM – Kaizen Hansei
Slide 13: Process and systems implemented to guide company through disruptions
Process & Systems implemented to guide company through disruptions, build transparency & continuously improve Inventory Payables (No. of days) 140 Receivables Net Working capital 120 91 94 96 100 89 78 73 75 80 72 71 69 66 62 65 66 76 57 54 59 60 53 51 45 43 44 38 37 39 37 37 40 36 18 20 20 20 11 0
Slide 14: Cash is king, even before COVID hit we had worked on it
Cash is king, even before COVID hit we had worked on it 155 (Rs Crs) 124 86 87 72 75 43 48 33 36 26 Cash Generated from operations FY 2014-15 FY 2015-16 FY 2016-17 FY 2017-18 FY 2018-19 FY 2019-20 FY 2020-21 FY 2021-22 FY 2022-23 FY 2023-24 FY 2024-25 Rs 510 Crore Adding back Union Settlement, non g
Slide 15: FY'26 Outlook
FY’26 Outlook
Slide 16: FY'26 Outlook
Disclaime r India Meteorological Department (IMD) The company expects healthy demand during We foresee increased growth for Small Farm Global geopolitical challenges continue predicts an above- Machines in key states the Kharif season normal monsoon Overall outlook is Company expects The Operational
Slide 17: Product pipeline
Product pipeline • FY25 update • Upcoming
Slide 18: Tractor product pipeline: FY25 update
Classic Refresh – Narrow Track Power Series with LT EU Stage V EGT Range Narrow Track VST Zetor with RPTO Cabin tractor NT: Narrow track| RPTO: Reverse Power Take-off| LT: Large Tyre Confidential & Proprietary information of VST Tillers Tractors Ltd. Reproducing & circulating is strictly prohibited.
Slide 19: Power Weeder and Power Reaper variants
Power Weeder Power Weeder Power Reaper Rear rotary Front rotary Maize special Confidential & Proprietary information of VST Tillers Tractors Ltd. Reproducing & circulating is strictly prohibited. 18
Slide 20: Upcoming tractors and small farm machines
TRACTORS SMALL FARM MACHINES • Domestic: In FY’26 • Classic and Series 9 upgrade FY’26 • Power Weeder- New variants • Exports: • SCORE product • Global platform FY’27 : 3 platforms with 8 Models with • Electric Power Tiller 16 variants (Gear & HST) • Electric Power Weeder Confidential & Proprietary
Slide 21: Strategic directions
Strategic directions • Key priorities • Growth Projects
Slide 22: Strategic directions: key priorities
Evolve Power Tillers Leadership To Small Farm Machines and going Global. Leadership in Compact Tractor Segment HHP Tractor Implements Maximize capacity Utilization. Promote Precision Implements (PCD) Technology Evolutions Rural Distribution Participate in technology evolutions Exploring Opportunitie
Slide 23: Financials and expanding business
Financials Expanding business: Expanding business: Evolve PT to SFM Rural distribution 1. Revenue growth 1. Tiller business to grow by 15-20% 1. Electric pump business scale-up 2. Operational EBITDA guidance @ 11% 2. Expansion of Power Weeder 2. Explore other opportunities to 13% despite investments
Slide 24: Growth projects
Leadership in Compact Maximize capacity Business development Technology evolution segment utilization a) Core business, tractor to grow by a) VST Zetor, Volume scaleup of a) Aggregate business Products are at different stage of 10% to 15% HHP tractors development in both ICE and Electric b) Precisio
Slide 25: Contact
Disclaime r VST TILLERS TRACTORS LTD. For queries please contact: CIN- L34101KA1967PLC001706 Plot No- 1, Dyavasandra Indl. Layout, Mr. Chinmaya Khatua Whitefield Road, Mahadevapura Post, Company Secretary Bengaluru-560048, Karnataka chinmaya@vsttractors.com Phone: +91 - 80 - 67141111 Toll Free No: 1
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