Slide 1: Cover letter to stock exchanges
Xpro India Limited Birla Building (2nd Floor) 9/1 R.N. Mukherjee Road xproindia Kolkata 700 001, India. +91 (033) 4082 3700/2220 0600 ; xprocal@xproindia.com May 29, 2024 National Stock Exchange of India Ltd. BSE Limited “Exchange Plaza”, Corporate Relationship Department Bandra-Kurla Complex, 1st F
Slide 2: Xpro India Limited Investor Presentation Q4-FY24 / FY24
xproindia Xpro India Limited Investor Presentation Q4-FY24 / FY24
Slide 3: Performance Overview
Performance Overview Q4 FY24 / FY24 FINANCIAL HIGHLIGHTS
Slide 4: Performance Overview
Performance Overview xproindia FY24 (Y-o-Y) Q4 FY24 (Q-o-Q) Highlights • Resilient bottom-line signifying steady operations, sustained market Revenue Revenue opportunities for Xpro’s technically robust product offerings and the impact of 8.9 % 33.6 % strategic initiatives over past few years, unders
Slide 5: Q4FY24 Financial Performance (Consolidated)
Q4FY24 Financial Performance (Consolidated) xproindia Revenues (Rs. Crs) *EBITDA (Rs. Crs) PAT (Rs. Crs) -2.3% -10.1% -29.1% 142.8 19.3 17.5 124.3 128.4 17.2 16.8 12.4 4.3 Q4 FY22 Q4 FY23 Q4 FY24 Q4 FY22 Q4 FY23 Q4 FY24 Q4 FY22 Q4 FY23 Q4 FY24 EPS (in Rs.) *EBITDA Margin (%) PAT Margin (%) +8.3% -20
Slide 6: FY24 Financial Performance (Consolidated)
FY24 Financial Performance (Consolidated) xproindia Revenues (Rs. Crs) EBITDA* (Rs. Crs) PAT (Rs. Crs) -11.2% -3.3% -8.9% 511.0 74.4 45.4 43.9 465.4 66.1 FY23 FY24 FY23 FY24 FY23 FY24 EPS (in Rs.) EBITDA Margin (%) PAT Margin (%) -14.7% -2.7% +5.6% 25.6 14.6 14.2 8.9 9.4 21.8 FY23 FY24 FY23 FY24 FY2
Slide 7: Q4FY24 Profit & Loss Statement (Consolidated)
Q4FY24 Profit & Loss Statement (Consolidated) xproindia Particulars (Rs. Crs) Q4 FY24 Q4 FY23 Y-o-Y Q3 FY24 Q-o-Q FY24 FY23 Y-o-Y Revenue from Operations 128.4 124.3 3.3% 96.1 33.6% 465.4 511.0 -8.9% Cost of Materials Consumed 89.1 81.0 62.4 0 317.2 347.0 Change in Inventories of finished goods, WIP
Slide 8: Balance Sheet (Consolidated)
Balance Sheet (Consolidated) xproindia EQUITY & LIABILITIES (Rs. Crs) Mar-24 Mar-23 ASSETS (Rs. Crs) Mar-24 Mar-23 Equity Share Capital 22.0 18.2 Property, Plant and Equipment 142.4 150.8 Other Equity 538.5 215.4 Right of Use of Assets 8.6 9.1 Capital Work-in-progress 21.7 2.6 Total Equity 560.5 233
Slide 9: Abridged Cash Flow Statement (Consolidated)
Abridged Cash Flow Statement (Consolidated) xproindia Particulars (Rs in Cr) Mar-24 Mar-23 Profit before Tax 60.2 59.2 Operating profit before working capital changes 67.8 75.9 Changes in working capital (15.1) 5.8 Cash generated from operations 52.7 81.8 Direct taxes paid (net of refund) (8.7) 1.1
Slide 10: Capital raise..
Capital raise.. xproindia The Company had allotted on a preferential basis 16,40,000 warrants to Malabar India Fund Limited (“Malabar”), a category I foreign portfolio investor (non-promoter, public) and 3,28,000 warrants to promoter group entities at a price of INR 762 per warrant, with initial pay
Slide 11: Historical Performance Overview
Historical Performance Overview HISTORICAL FINANCIAL HIGHLIGHTS
Slide 12: Consolidated Historical Performance
Consolidated Historical Performance xproindia Revenue (Rs. Crs) *EBITDA (Rs. Crs) PAT (Rs. Crs) 471.7 511.0 74.4 44.9 45.4 43.9 465.4 63.8 66.1 373.4 40.3 8.4 FY 21 FY 22 FY 23 FY 24 FY 21 FY 22 FY 23 FY24 FY 21 FY 22 FY 23 FY 24 Basic EPS (in Rs) *EBITDA Margin (%) PAT Margin (%) 25.36 25.57 13.5%
Slide 13: Capital Disciplined Growth
Capital Disciplined Growth xproindia * Net Worth stands at Rs.560.51 crores (Rs.233.55 crores previous year) RoCE# (%) RoE# (%) Net Debt to Equity (x) 27.0% 34.3% 1.4 22.5% 15.8% *16.1% 22.4% Net Debt 0.4 Negative 9.7% *11.1% 0.0 FY 21 FY 22 FY 23 FY 24 FY 21 FY 22 FY 23 FY 24 *-0.5 FY 21 FY 22 FY 2
Slide 14: Historical Profit & Loss Statement (Consolidated)
Historical Profit & Loss Statement (Consolidated) xproindia Particulars (Rs. Crs) FY24 FY23 FY22 FY21 Revenue from Operations 465.4 511.0 471.7 373.4 Cost of Materials Consumed 317.2 347.0 328.0 262.0 Change in Inventories of finished goods, work-in-progress -1.7 3.2 -2.4 3.1 and stock-in-trade Gros
Slide 15: Historical Balance Sheet (Consolidated)
Historical Balance Sheet (Consolidated) xproindia EQUITY & LIABILITIES (Rs. Crs) Mar-24 Mar-23 Mar-22 Mar-21 ASSETS (Rs. Crs) Mar-24 Mar-23 Mar-22 Mar-21 Equity Share Capital 22.0 18.2 11.8 11.8 Property, Plant and Equipment 142.4 150.8 159.4 170.2 Right of Use of Assets 8.6 9.1 8.8 8.9 Other Equity
Slide 16: Historical Cash Flow Statement (Consolidated)
Historical Cash Flow Statement (Consolidated) xproindia Particulars (Rs in Cr) Mar-24 Mar-23 Mar-22 Mar-21 Profit before Tax 60.2 59.2 40.6 13.4 Operating profit before working capital changes 67.8 75.9 65.0 41.1 Changes in working capital (15.1) 5.8 (15.6) 7.3 Cash generated from operations 52.7 81
Slide 17: Future Journey
Future Journey: xproindia ∙ The significant manufacturer of dielectric films in India meeting about 33% of domestic needs. The balance presently met significantly through imports offers a natural market. ∙ Capacitors essential to electricity distribution and consumption; A growing market with added
Slide 18: Future Journey (Contd.)
Future Journey (Contd.): xproindia Our preferred approach to increasing business value is by investing for organic growth. The Company intends to maintain a leadership position and increase market presence in its niche product areas, building on manufacturing assets and skills, development, marketin
Slide 19: The Company: An introduction
The Company An introduction…
Slide 20: Diversified Business Operating In Niche Segments
Diversified Business Operating In Niche Segments xproindia Xpro India Limited: Is a diversified multi-divisional, multi-locational business catering to multiple end user industry segments and enjoying a strong Brand Equity Has core competencies in the polymer processing and co-extrusion industry wit
Slide 21: Diverse Product Range for Specialized Applications
Diverse Product Range for Specialized Applications xproindia Dielectric / Capacitor Films Speciality Biaxially Oriented Polypropylene Films Coextruded Plastic Sheets Thermoformed Liners Cast Coextruded Films Investor Presentation Q4-FY24 / FY24 20
Slide 22: Diversified End Use
Diversified End Use xproindia Essential application in high growth & sunrise sectors White Goods, EV & Hybrid vehicles … Investor Presentation Q4-FY24 / FY24 21
Slide 23: Multi Location
Multi Location xproindia Greater Noida Delhi Barjora Kolkata Production Mumbai Facilities Ranjangaon Hyderabad Registered Office Corporate Chennai Office Other Offices Investor Presentation Q4-FY24 / FY24 22
Slide 24: Some of our Valued Partner Clients
Some of our Valued Partner Clients… xproindia • Impressive list of customers comprising leading Indian, and Transnational Companies • Xpro a key partner over many years • Customers recognise that Xpro builds in Quality and consistency • Xpro does not compromise in Safety, environment or regulatory r
Slide 25: Dielectric Films
Dielectric Films SIGNIFICANT DOMESTIC PRODUCER OF CAPACITOR/DIELECTRIC FILMS
Slide 26: Potential Uses of Biax Dielectric films
Potential Uses of Biax Dielectric films xproindia Capacitors for hybrid cars and EVs Application areas include ∙ Capacitors for use in Fan, Cooler, ∙ Microwave Oven Capacitors Washing Machine and Air ∙ Low Voltage industrial Power Conditioners Factor Correction Capacitors ∙ Power Transmission & Dist
Slide 27: Product Portfolio
Product Portfolio xproindia Dielectric Grade BOPP Film Dielectric / Capacitor Films • Specialty Biaxially Oriented BOPP Film – very different from packaging grade and other types of BOPP Films; • Xpro Biax Dielectric Films are specially designed polypropylene films manufactured by the stenter proces
Slide 28: Manufacturing Facilities
Manufacturing Facilities xproindia • Xpro is the significant domestic producer of Capacitor/Dielectric Films; • BOPP films produced with main equipment from leading European machine builders; • Core Film technology originally sourced from U.K.; • Dielectric film technology developed in-house and is
Slide 29: Dielectric Film Unit at a glance
Dielectric Film Unit at a glance xproindia Investor Presentation Q4-FY24 / FY24 28
Slide 30: Key Milestones – Dielectric Films / Specialised BOPP Films
Key Milestones – Dielectric Films / Specialised BOPP Films xproindia 1992 Barjora Established 2002 Metalliser 2003 Pithampur Acquired 2005-09 Pithampur (JV) 2011 Pithampur Merged (exit in 2018) 2015 Dedicated Dielectric Film Unit 2024 New Dielectric Film Unit Investor Presentation Q4-FY24 / FY24 29
Slide 31: Coextruded Sheets & Cast Films
Coextruded Sheets & Cast Films LEADERSHIP POSITION IN SUPPLIES OF SHEETS/LINERS TO REFRIGERATOR INDUSTRY
Slide 32: Product Portfolio - Coextruded Plastic Sheets
Product Portfolio - Coextruded Plastic Sheets xproindia Coextruded Plastic Sheets Multi-layer Co-extruded Sheets • Xpro offers a wide range of mono-layer and coextruded plastic sheets, produced on highly sophisticated equipment based on various thermoplastic resins (such as PS, PP, ABS, PE etc.) spe
Slide 33: Product Portfolio – Sheet & Thermoformed Components
Product Portfolio – Sheet & Thermoformed Components xproindia Sheet Applications • XPRO have several fully automatic specialized lines for continuous vacuum forming for thickwall applications at the Greater Noida and Ranjangaon units; • Thermoforming plants specially designed for high production req
Slide 34: Product Portfolio - Cast Coextruded Films
Product Portfolio - Cast Coextruded Films xproindia Cast Coextruded Films Xpro Cast Films are produced on the most sophisticated multilayer coextrusion film lines. A wide range of speciality cast films are offered including Release Films Hygiene Films Stretch Wrap Film Soft Blister Film Polyethylene
Slide 35: Manufacturing Facilities
Manufacturing Facilities xproindia Greater Noida, (Uttar Pradesh) Ranjangaon, Maharashtra • Xpro is the predominant player and leader in supplies of Sheet/liner to the Indian Refrigerator Industry; • The Ranjangaon and Greater Noida Units are engaged in the manufacture of Coextruded Multilayer Plast
Slide 36: Coex Division at a glance
Coex Division at a glance xproindia Investor Presentation Q4-FY24 / FY24 35
Slide 37: Key Milestones – Coex Division
Key Milestones – Coex Division xproindia 1984 1985 1993 & 1996 2001 Sheets Cast Films Significant Significant (Faridabad) (Faridabad) expansion expansion (sheets) (cast films) 2003 2004 2008 2008 Thermoforming Sheets Sheets Thermoforming (Gr. Noida) (new unit (new unit (Ranjangaon) Gr. Noida) Ranjan
Slide 38: Well Recognised…..
Well Recognised….. xproindia A sample representation of awards and other recognition earned by the Company for vendor support, product development, quality and excellence Investor Presentation Q4-FY24 / FY24 37
Slide 39: Certification
Certification xproindia At Xpro, we firmly recognize that total customer satisfaction is the key to our success. Our aim is to build sound customer relationships through creation of value for them, and in the process earn an equitable return for ourselves. Quality is built into products through appr
Slide 40: Board of Directors
Board of Directors xproindia Sri Sidharth Birla (Chairman) Sri K Balakrishnan (Independent Director) Entrepreneur with experience in industry and business of about 46 years, is a B.Sc. (Hons.) graduate from A qualified Chartered Accountant and Company Secretary with over three decades of professiona
Slide 41: Board of Directors
Board of Directors xproindia Sri Ashok Kumar Jha (Independent Director) Sri Bharat Jhaver (Non-Independent Director) A Chemical Engineer with a Master’s degree from Cornell, USA, he is presently President of his family- owned Tablets (India) Limited. He has an experience of over a decade in managing
Slide 42: Board of Directors
Board of Directors xproindia Ms. Suhana Murshed (Independent Director) Sri Utsav Parekh (Independent Director) Over 17 years of experience in Corporate and Commercial Laws, with core expertise including private Holds a Bachelor’s Degree in Commerce with honours. He has vast and continuing experience
Slide 43: Safe Harbor
Safe Harbor xproindia This presentation and the accompanying slides (the “Presentation”), which have been prepared by Xpro India Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any
Slide 44: Company and Investor Relations Advisor contacts
Company Investor Relations Advisor Xpro India Limited Orient Capital (a division of Link Group) CIN: L25209WB1997PLC085972 Mr. Irfan Raeen : +91 9773778669 Mr. Kamal Kishor Sewoda irfan.raeen@linkintime.co.in xproindia kamal.sewoda@xproindia.com www.xproindia.com Mr. Parth Patel: +91 98197 85972 par