Skipper Ltd · NSE:SKIPPER
Skipper — Q2 FY2021 Earnings Presentation
22 slides from Skipper's earnings presentation, Oct 19, 2020
Slide 1: Cover letter to stock exchanges
SKIPPER Date: 19 October 2020 The Manager The Manager National Stock Exchange of India Limited BSE Limited Exchange Plaza, 5th Floor, Phiroze Jeejeebhoy Towers, Dalal Street Plot No. C-1, Block-G Mumbai- 400 001 Bandra Kurla Complex, Bandra (E) Mumbai- 400 051 NSE Scrip Name- SKIPPER/BSE Scrip Code-
Slide 2: Q2 & H1 Performance 2020-21 Investor Presentation
Q2& H1 PERFORMANCE, 2020 - 21 SKIPPER LIMITED INVESTOR PRESENTATION Q2 & H1 FY’21 Results
Slide 3: Who We Are
WHO WE ARE Skipper Limited is India’s largest and world's most competitive integrated transmission tower manufacturing company 2
Slide 4: Key Facts
K E Y FA C T S • Flagship company of • Four Power Grid • Widely respected the S.K. Bansal Group Corporation of India- player; awarded Largest (incorporated 1981). approved transmission Tower Supplier Award by tower and pole Power Grid for 3rd • Angle rolling, tower, manufacturing plants consecutive
Slide 5: Skipper: One-Stop Solution Provider
PRODUCT OFFERINGS SKIPPER: ONE -STOP SOLUTION PROVIDER Engineering products Polymer products Infrastructure projects Capacity: 300,000 MTPA Capacity: 51,000 MTPA M I S S•I Transmission ON Line EPC • Power Transmission Tower • UPVC Pipes • Railway Electrification EPC • Power Distribution Poles • CPVC
Slide 6: Global Presence
FOOTPRINTS GLOBAL PRESENCE SOUTH AMERICA Peru, Colombia, Chile, Paraguay, Panama EUROPE UK, Germany, Spain AFRICA Kenya, Egypt, Ghana, Nigeria, Zambia, Sierra Leone Guinea, South Africa, Botswana, Burundi, Angola MIDDLE EAST Jordan, Saudi Arabia, UAE SOUTH AND SOUTH EAST ASIA Nepal, Bangladesh, Sri
Slide 7: Q2 & H1 FY'21 Performance Update
SKIPPER LIMITED Performance Update Q2 & H1 FY’21 Update
Slide 8: Financial Performance Q2 & H1 FY'21
BUSINESS REPORT CARD Financial Performance Q2& H1 FY’21 Rs in Mn Sl Profit & Loss Summary Q2 FY’21 Q2 FY’20 H1 FY’21 H1 FY’20 1 Revenues 4,036.0 3,132.5 6,243.1 6,518.2 2 Reported EBITDA 477.6 345.6 568.1 772.1 % of Revenue 11.8% 11.0% 9.1% 11.8% 3 Forex Gain / (Loss) 138.4 (11.0) 184.1 22.2 4 Opera
Slide 9: Strong Revenue Performance across all business segments
PEFRORMACE HIGHLIGHTS Strong Revenue Performance across all business segments Stand Alone - Revenue Segment - Revenue 3,185 + 21% 29% 2,644 4,036 + 45 % 3,133 + 121 % 436 301 415 188 Engg Polymer Infra Q2 FY '21 Q2 FY'20 Q2 Fy'21 Q2 FY'20 Our Integrated Plant functions, close proximity to raw materi
Slide 10: Performance Update
PEFRORMACE HIGHLIGHTS Performance Update Strong Revenue performance across all the business segments ; Stand Alone operating EBITDA margins rebounded to 8.4%; The Engineering operating EBITDA margin got impacted on account of inventory damages and losses booked (One time) due to continuous lockd
Slide 11: Improvement Trends: Operating EBITDA Margin
IMPROVEMENT TRENDS Op. EBITDA Margin (without Forex) 20.0% 15.0% 12.9% 13.1% 12.9% 12.0% 9.1% 10.0% 11.6% 11.4% 11.0% 10.7% 5.6% 8.4% 5.0% 7.6% 7.1% 2.2% 2.8% 3.9% 0.0% 2.0% -5.0% -6.7% -10.0% Q1 Fy'20 Q2 Fy'20 Q3 Fy'20 Q4 Fy'20 Q1 Fy'21 Q2 Fy'21 Engineering Polymer Stand Alone • Strong rebound in m
Slide 12: Segment Performance Q2 & H1 FY'21
SEGMENT REPORT Segment Performance Q2 & H1FY’21 Q2 Q2 H1 H1 Segment Financial Summary FY’21 FY’20 FY’21 FY’20 Net revenue 3,184.6 2,643.7 4,777.1 5,576.0 Engg. Polymer EBIDTA - Operating 290.9 345.1 379.7 724.3 Infra Products 12% 11% % of Revenue 9.1% 13.1% 7.9% 13.0% Net revenue 436.2 301.1 747.5 5
Slide 13: Efficient Debt Management
Efficient Debt Management Debt Details Rs in Million 31.03.2020 30.09.2020 Inc / (Dec) Long Term Debt 1,569 2,272 703 Current Maturities of Long 344 626 282 Term Debt Short Term Debt 2,624 1,411 (1213) Gross Debt Level 4,538 4,309 (229) Debt Equity Ratio (X) 0.66 0.63 (0.03) Net Working Capital (Day
Slide 14: Order Book to Sales stands at 1.5X
ORDER BOOK PIE Engineering Products – Order Book Composition – Sep 2020 Total Order Book T&D Order Book Rs 17,110 million Rs 15,540 million 3% 6% 36% T&D Breakup 36% 91% 28% T&D Telecom Railways PGCIL SEB & Others Export Domestic – 69% Export – 31% Order Book to Sales stands at 1.5 X 13
Slide 15: Strong Bidding Pipeline
Strong Bidding Pipeline Strong Bidding Pipeline of 46,500 Million as on 30th Sep 2020; International – 31,000 Mn & Domestic - 15,500 Mn The domestic T&D activities are showing signs of strong recovery and rebound after a 2 years of lull, The company expects Ordering & Execution to gain pace in H2 FY
Slide 16: Export - Positioned for Growth
Export - Positioned for Growth FY’19 & 20 FY’ 21 Time to ripe the benefits • Major regulatory approval done International Certifications • Established relations with 100 global EPC players Credential Establishments • Our International bidding pipeline of 31,000 million are at the highest level in co
Slide 17: Performance Outlook
BUSINESS OUTLOOK PERFORMANCE OUTLOOK Covid Lockdown impact is more of a Revenue deferment for us rather than revenue loss, Any Revenue Shortfall on account of this will be made up in subsequent quarter; None of our projects got cancelled neither faced any significant deferment. Company expects to cl
Slide 18: Future Ready
Fully Integrated In-House Research & Development Centre Future Ready
Slide 19: Future Ready: Tower & Monopole Load Testing Station
FUTURE READY Skipper boasts of largest Tower & Monopole Load Testing Station in India, which is also one of the largest in the world. Started Operations in the state of art Transmission Line Tower Testing Station is spread across 14 acres of land in Howrah, West Bengal commissioned in March’20.
Slide 20: Transmission Line Tower Testing Station
T r a n s m i s s i o n L i n e To w e r Te s t i n g S t a t i o n 19
Slide 21: Transmission Line Tower Testing Station
T r a n s m i s s i o n L i n e To w e r Te s t i n g S t a t i o n 20
Slide 22: Disclaimer
DISCLAIMER This Investor Presentation has been prepared by Skipper Limited for investors, solely for informational purposes. The information contained herein has been prepared to assist prospective investors in making their own evaluation of the Company and does not purport to be all-inclusive or to