Harsha Engineers International Ltd. · NSE:HARSHA
Harsha Engineers International — Q3 FY23 Earnings Presentation
18 slides from Harsha Engineers International's earnings presentation, Feb 14, 2023
Slide 1: Exchange filing cover letter for results presentation
HEIL/SE-29/2022-23 February 14 , 2023 To, To, The Manager (Listing), The Manager (Listing), The BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, "Exchange Plaza", C-l, Block - G, Dalal Street, Bandra - Kurla Complex, Bandra (E) Mumbai – 400 001 Mumbai – 400 051 Script
Slide 2: Earnings Presentation - For and Upto Q3 of FY23
Harsha Engineers International Limited Earnings Presentation - For and Upto Q3 of FY23
Slide 3: Disclaimer/ Safe Harbor
Disclaimer/ Safe Harbor Cautionary statement regarding forward-looking statements ● This presentation may contain certain forward-looking statements relating to Harsha Engineers International Limited (“HEIL”, or “Company””) and its future business, development and economic performance. These stateme
Slide 4: Index
Index Quarter Highlights Summary on use of IPO Proceeds Business Update Company Overview 3 Privileged & Confidential, © 2022, All Rights Reserved.
Slide 5: Quarter Highlights
WN Yue Y) -_ w) = _ Y = QUARTER
Slide 6: Financial Highlights
Financial Highlights ₹ in Lakhs Revenue - Engineering CONSOLIDATED EBITDA - Engineering CONSOLIDATED PAT - Engineering CONSOLIDATED EBITDA EBITDA % PAT PAT % Revenue outside 62.7% 61.2% 65.2% India (%) 35000 5,153 5,490 3,213 30000 3,500 25000 6,000 20.0% 2,770 4,448 3,000 2,000 18.0% 20000 5,000 18
Slide 7: Consolidated P & L Statement
Consolidated P & L Statement (₹ in Lakhs) Particulars Q3 FY23 Q2 FY23 Q3 FY22 9M FY23 9M FY22 REVENUE : Revenue from Operations 30,068 32,197 32,314 102,033 95,260 Other Income 1,350 427 259 2,397 1,076 TOTAL REVENUE 31,418 32,624 32,573 104,430 96,336 EXPENSES : Cost of Material Consumed 15,448 17,
Slide 8: Certain Key Parameters and Break Up
Certain Key Parameters and Break Up ₹ in Lakhs Particulars Q3 FY23 Q2 FY23 Q3 FY22 9M FY23 9M FY22 Revenue from Operations - Engineering & Others - Consolidated 29,719 31,817 31,160 97,389 90,531 - Engineering & Others - India 22,290 23,849 22,032 73,054 63,309 - Solar - EPC and O & M 349 380 1,154
Slide 9: Working Capital – Consolidated
Working Capital – Consolidated ₹ in Lakhs Sr. Particulars 9M FY23 9M FY22 2021-22 1 Inventories a. Raw Material - Amount 9,340 8,492 8,203 No. of Days 25 24 23 b. WIP & FG - Amount 16,003 15,644 16,893 No. of Days 43 45 47 c. Stores & Spares and Tooling - Amount 12,381 10,278 10,902 No. of Days 33 3
Slide 10: Utilisation of IPO Proceeds as on 31st December 2022
Utilisation of IPO Proceeds as on 31st December 2022 Amount (₹ Particulars Lakhs) Total IPO Proceeds 45,500 Less: IPO Expenses (2,560) Net Proceeds as per Prospectus 42,940 Less: IPO Expenses (excess contingencies hold) - Net Proceeds available 42,940 (₹ Lakhs) Amount as proposed in Amount Unutilise
Slide 11: Business Update
Business Update • The top line of Q3 is primarily impacted due to continued reduction in metal prices; impact of Europe slow down in Harsha Romania (due to energy crisis) and also to some extent in Harsha India. The Harsha China top line was also impacted in Q3 due to strict zero Covid policy implem
Slide 12: Company Overview
Company Overview
Slide 13: Harsha At A Glance
Harsha At A Glance Largest manufacturer of precision bearing cages in India* 50-60% of domestic 6.5% of the market share in the global organized bearing brass, steel and polyamide market share cages market^ 4 strategically located manufacturing facilities with various warehouses at different locatio
Slide 14: Bearing cages | ~US$5.2bn market expected to grow at ~6.4%
Bearing cages | ~US$5.2bn market expected to grow at ~6.4% Bearing cages form an important component Bearing cages have increasing usage across High growth bearing cages market within Bearings key fast-growing end user industries Global Bearings Market Domestic Bearings Market Global Bearing Cages M
Slide 15: Comprehensive solution provider offering diversified suite of precision engineering products
Comprehensive solution provider offering diversified suite of precision engineering products Bearing Cages Different designs of bearing cages with diverse applications Thrust Roller Spherical Roller Cylindrical Roller Sand Casting Bronze Precision Stamping Taper Roller Deep Grove Angular Contact Bal
Slide 16: Expertise in tooling, design development and automation
Expertise in tooling, design development and automation Full-service capabilities Tooling Design Tool Manufacturing under one roof • Expertise to design and develop • Comprehensive tooling, testing and advance tooling inhouse which measurement infrastructure enables HEIL to manufacture • Dedicated t
Slide 17: Key Strategies going forward
Key Strategies going forward Enhance market leadership in bearing cages and customer base expansion Growing bronze bushings and specialised component segment Increased focus on developing products suited to capture market opportunity in the growing EV segment Retain and strengthen technological lead
Slide 18: Thank You
THANKYOU (uarsua ENGINEERS
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