Slide 1: Q1FY15 Results
Q1FY15 Results surface to air 1
Slide 2: Contents
Contents 1. Business Performance 2. Key highlights 3. About PEL 2
Slide 3: Business performance
Business performance The company revenues were down by 4.2% YoY at INR 351mn for Q1FY15 Operating margins were 5.1% in Q1FY15 compared to 14.5% in Q1FY14. In contrast to our expectation, the realizations of detonators continued to drop due to sluggish demand. The drop in margins is also on accou
Slide 4: Result update – Profit & Loss
Result update – Profit & Loss Particulars (INR mn) Q1FY15 Q1FY14 YoY (%) Q4FY14 QoQ (%) Net Revenues 351.6 367.9 -4.4% 414.1 -15.1% Total expenses 333.7 314.7 6.0% 383.7 -13.0% Operating profit 17.9 53.3 -66.4% 30.4 -41.1% OPM (%) 5.1% 14.5% 7.3% Other income 1.9 0.8 135.3% 11.9 -83.7% Depreciation
Slide 5: Quarterly – Profit & Loss
Quarterly – Profit & Loss Q2 Q3 Q4 Q1 Particulars (INR mn) FY13 FY14 FY13 FY14 FY13 FY14 FY14 FY15 Net sales 204.1 338.5 275.7 333.5 359.6 414.1 367.9 351.6 Total expenses 205.8 303.1 264.0 289.9 318.0 383.7 314.7 333.7 Operating profit -1.6 35.3 11.7 43.6 41.5 30.4 53.3 17.9 OPM (%) -0.8% 10.4% 4.2
Slide 6: Profit & Loss – Key indicators
Profit & Loss – Key indicators Particulars (INR mn) FY12 FY13 FY14 Net sales 1083.2 1094.0 1454.0 Growth in net sales (%) 14.8% 1.0% 32.9% Operating profit 174.9 97.7 162.6 OPM (%) 16.1% 8.9% 11.2% Other income 17.0 20.6 14.1 Depreciation 18.7 21.5 23.5 Interest 11.2 18.8 23.6 PBT 162.0 78.1 129.6 P
Slide 7: Balance sheet – Key indicators
Balance sheet – Key indicators Particulars (INR mn) FY12 FY13 FY14 Share capital 81.3 81.3 83.6 Reserves & surplus 373.7 403.3 488.7 Non-current liabilities 90.8 115.6 115.4 Current liabilities 235.1 298.9 385.6 Total 780.8 899.0 1073.3 Non-current assets 430.5 491.7 520.9 Current assets 350.3 407.3
Slide 8: Performance snapshot
Performance snapshot Revenue breakup (INR mn) Revenue breakup (%) Explosives Defence products Services Windpower Explosives Defence products Services Windpower 450 1 400 34 0.6% 2 1.0% 0.2% 0.1% 0.5% 2 100% 350 3 1 10% 10% 8% 11% 35 13% 97 38 33 44 300 58 80% 16% 15% 24% 18% 51 62 19% 250 62 60% 200
Slide 9: Performance snapshot
Performance snapshot Operating profit PAT and PAT margins (%) Operating profit (INR mn) OPM (%) (LHS) PAT (INR mn) PATM (%) (LHS) 35 10.0% 60 18.0% 30 8.0% 50 14.5% 15.0% 8.0% 13.1% 25 5.8% 6.2% 40 10.4% 12.0% 29 5.4% 6.0% 53 20 44 30 7.3% 9.0% 15 21 24 35 4.0% 18 20 5.1% 6.0% 30 10 1.5% 2.0% 10 3.0
Slide 10: Key highlights – Defence products
Key highlights – Defence products Union Budget increases allocation to defence by 12.4% to INR 2,290bn, for FY15 New Government’s first steps toward indigenizing defence industry: a. FDI cap raised to 49% from 26% b. More than one Indian company will be allowed to hold balance 51% c. 100% overse
Slide 11: Key highlights – Explosives
Key highlights – Explosives Demand for detonators, which are sold through trade channels, continue to be weak from mining and infrastructure sector Revival in detonator demand is expected in Q3FY15 (after monsoon) Indian explosives industry is estimated to be INR 30bn p.a. and is expected to g
Slide 12: Key highlights – Services
Key highlights – Services PEL gets ~10% revenues by operating and maintaining solid propellant production facilities of ISRO at SHAR, Sriharikota (A.P.) and Solid Fuel Complex (SFC) at Jagdalpur (Chattisgarh) This Government Owned Company Operated (GOCO) model gives PEL an advantage in terms of
Slide 13: About PEL - Technology minded management
About PEL - Technology minded management Promoted by first-generation technocrat Dr. A.N.Gupta. M.E. (Mining Engineering) Recipient of ‘Pickering and ISM Medal’ from Indian School of Mines, Dhanbad Executive Director – Mr. T.V.Chowdary, Chemical engineer with 31 years experience in production of
Slide 14: Major milestones
Premier Explosives a limited Major milestones 2014 e Collaboration with IIT Madras for research in high energy materials 2012¢ Launched NHN detonator as a superior alternative to ASA NABL Accreditation 2010¢ Setup Solid Mr. A.N.Gupta appointed as Propellant plant Chairman, Explosives Dev. Council, M
Slide 15: Strategic presence across India
Strategic presence across India Peddakandukur (Telangana) Detonator, Detonating fuse, Packaged explosives, product research & Special Products Divisions Bulk Explosives Singrauli (Madhya Pradesh) Chandrapur (Maharashtra) Godavarikhani (Telangana) Pushpathur (Tamil Nadu) Manuguru (Telangana) Windmill
Slide 16: For further queries:
For further queries: Premier Explosives Limited S-Ancial Advisors Pvt. Ltd. “Premier House”, 503, Gundecha Chambers, 11, Ishaq Colony, (Near AOC Centre), Nagindas Master Road, Secunderabad – 500015. Fort, Mumbai 400 001 Contact No. : 040-66146824 Email: info@s-ancial.com Contact No.: 022 6635 1001/2