Welspun Corp Limited · NSE:WELCORP
Welspun — Q1 FY25 Earnings Presentation
25 slides from Welspun's earnings presentation, Aug 8, 2024
Slide 1: Revised Business Update and Investors' Presentation cover letter
WCL/SEC/2024 August 08, 2024 To, BSE Ltd. National Stock Exchange of India Ltd. Listing Department, Exchange Plaza, P. J. Towers, Dalal Street, Bandra-Kurla Complex, Mumbai – 400 001. Bandra (E), Mumbai – 400 051. (Scrip Code: Equity - 532144), (Symbol: WELCORP, Series EQ) (NCD – 960491 and 973309)
Slide 2: Business Update: Consistent Performance with Improved Profitability
BUSINESS UPDATE Consistent Performance with Improved Profitability Foray into Plastic Pipes on track August 07, 2024, Mumbai: Welspun Corp Ltd. (WCL), a flagship Company of the Welspun Group, announced its consolidated financial results for the quarter and financial year ended June 30, 2024. FINANCI
Slide 3: Sintex BAPL Acquires Weetek Plastics
BUSINESS UPDATE Sintex BAPL Acquires Weetek Plastics Pvt Ltd- accelerating its foray into Plastic Pipes Business On the back of exponential growth opportunity in Plastic Pipes market in India and with an objective of fast track entry, Sintex BAPL, the wholly owned subsidiary of Welspun Corp has deci
Slide 4: Outlook: Pipe Solutions
BUSINESS UPDATE OUTLOOK: PIPE SOLUTIONS India- Oil & Gas (Domestic and Exports): Strong potential WCL has become the first Indian pipe mill to produce API X65 grade ERW pipes for transportation of gaseous hydrogen. This is an important achievement for future business growth opportunity and sustain
Slide 5: SS Bars & Pipes and Building Materials Outlook
BUSINESS UPDATE SS Bars & Pipes: Good potential Geography, territory and customer base expansion continues. New grades development & introduction continues thereby enhancing the product range, capability & offerings Bagged NTPC Talcher project BHEL tender of Pipes 1,400 MT for ~INR 117 Crore (in
Slide 6: Management Comments
BUSINESS UPDATE MANAGEMENT COMMENTS “I am happy to share that our Q1FY25 performance has been stable and satisfactory and in line with the guidance for FY25. This also reflects our de-risking strategy which aims towards more stability in our performance. This has been possible due to consistent ramp
Slide 7: Consolidated Performance Snapshot
BUSINESS UPDATE CONSOLIDATED PERFORMANCE SNAPSHOT: Sales Volumes Q1FY25 Q4FY24 Q1FY24 FY24 FY23 Steel Pipes (KMT) 229 368 212 1,180 696 SS Bars (MT) 4,738 3,610 3,022 15,904 6,869 SS Pipes (MT) 1,139 1,118 1,275 4,785 4,059 SINTEX (MT) 5,534 6,204 4,962 21,461 18,475 TMT Bars (KMT) 57 42 21 121 18 S
Slide 8: About Welspun Corp Ltd and Conference Call
BUSINESS UPDATE Q1FY25 Investor & Analyst conference call: Thursday, August 08, 2024 at 10.00 AM (IST) Primary Access: +91 22 6280 1366 / +91 22 7115 8267 International Toll-Free numbers o Hong Kong: 800 964 448 o Singapore: 800 101 2045 o UK: 0808 101 1573 o USA: 1866 746 2133 ABOUT WELSPUN COR
Slide 9: Welspun Corp Limited Q1FY25
Welspun Corp Limited Investor Presentation Q1FY25 Date: 7th August, 2024
Slide 10: Disclaimer
Disclaimer For any financial disclosures, the information contained herein is provided by Welspun Corp Limited (the “Company”), although care has been taken t o ensure that the information in this presentation is accurate, and that the opinions expressed are fair and reasonable, the information is s
Slide 11: Welspun Corp: Business Verticals
Welspun Corp: Business Verticals Pipe Solutions Building Materials LARGE DIAMETER DUCTILE IRON STAINLESS STEEL WATER STORAGE TMT REBARS LINE PIPES PIPES BARS & PIPES TANKS, INTERIORS & PLASTIC PIPES Our position Amongst the Integrated Integrated National iconic Integrated producer Top 3 producer fro
Slide 12: Sales Volumes at a Glance: Q1 FY25
Sales Volumes at a Glance: Q1 FY25 WCL Pipe Solutions Building Materials Steel Pipes SS Pipes SS Bars Sintex TMT Q1 229 1.14 4.74 5.5 57 % YoY +8% -11% +57% +12% +175% Notes: 1. Steel Pipe Sales volumes include India & US Line pipes and India DI Pipes Volumes In KMT 2. YoY is comparison with Q1FY24
Slide 13: Consolidated Financial Performance: Q1FY25
Consolidated Financial Performance: Q1FY25 Improved Profitability PARTICULARS (INR crore) Q 1 FY25 Q1 FY24 YoY Total Income 3,180 4,119 (23%) Other income 42 50 (14%) Reported EBITDA 416 418 (0%) Depreciation and Amortisation 85 86 (1%) Finance Cost 66 92 (28%) Profit before tax and share of JVs 265
Slide 14: Pipe Solutions Vertical
Pipe Solutions Vertical
Slide 15: Key Drivers
Key Drivers INDIA USA SAUDI ARABIA • Focus on water infrastructure – • Major driver for global oil production • Vision 2030 to continue boost Policy initiatives and execution to outside OPEC. US Crude Oil the demand continue support demand for pipes Production is likely to go up to 14.5 (line pipes,
Slide 16: Line Pipes
Line Pipes Key Global Approvals Top Among Line Approvals from Mn Metric Ton Pipe O&G majors; Pipes delivered Manufacturers Qualifies for since inception globally global bidding with multiple repeat orders 2.3 5 Manufacturing Used in Oil & Gas, Mn Metric ton Facilities in Water Pipes Capacity 3 count
Slide 17: Ductile Iron Pipes
Ductile Iron Pipes Exponential growth opportunity in water Huge focus on creating drinking sector backed by Govt focus water supply infrastructure One of the focus areas: Strong • Jal Jeevan Mission order book- Har Ghar Nal Se Jal 300KMT Scheme Amrut Scheme • Swachh Bharat (Gramin) Robust Demand at
Slide 18: SS Bars and Pipes
SS Bars and Pipes Key Markets Market update: • Bagged NTPC Talcher project BHEL tender of Pipes 1,400 MT for ~INR 117 Crore (inclusive of taxes) • Geography, territory and customer base expansion continues. New grades development & introduction continues thereby enhancing the product range, capabili
Slide 19: Building Materials Vertical
Building Materials Vertical
Slide 20: Sintex: Developmental Work Underway
Sintex: Developmental Work Underway Strengthening Channel : Reinvigorating the brand: Capability building of existing Continued Distributors, retailers and distributors and appointing new ones plumbers meet during the Quarter in areas of whitespaces National roll out of Sintex Pride New reta
Slide 21: Sintex: Glimpses of Market Activation
Sintex: Glimpses of Market Activation Holding Retailers and Plumbers meet across country Building Brand visibility
Slide 22: Sintex: Foray into Plastic Pipes Accelerates
Sintex: Foray into Plastic Pipes Accelerates Weetek Plastics Acquisition: Water Storage Tank Market Size (INR Crores) Combined Capacity: 19 KMTPA; Enterprise Value: Rs 85 Crore Products: CPVC, UPVC, SWR Pipes, Fittings and Water Storage Accelerating Market Entry and Presence Unique opportunity to
Slide 23: TMT: Drivers and our Differentiated Strategy
TMT: Drivers and our Differentiated Strategy Growth Drivers Infrastructure: PM Gati Shakti Pradhan Mantri Private Sector Individual Massive National Master Awas Yojana-Urban's Capital House spending Plan: an (PMAY-U) 'Housing Expenditure Builders expected in the expected outlay for All' mission sect
Slide 24: ESG
ESG Long Term Carbon Neutrality Water Neutrality Zero waste to Sustainability Goals by 2040 by 2040 landfill 59 CRISIL Environment Social Governance 52 48 73 Across in Industrials & ESG Metals (Ferrous & RATINGS Non- Ferrous) sectors 19% over previous rating 68 Environment Social Governance DJSI ESG
Slide 25: Thank You!
Thank You! Welspun Corp Limited CIN: L27100GJ1995PLC025609 For further queries, contact Name : Mr. Goutam Chakraborty Name : Mr. Salil Bawa Email : goutam_chakraborty@welspun.com Email : salil_bawa@welspun.com www.welspuncorp.com Connect with us: /TheWelspunGroup /WelspunGroup /welspungroup /company