Apar Industries Limited · NSE:APARINDS
Apar Industries — Q1 FY2021 Earnings Presentation
24 slides from Apar Industries's earnings presentation, Aug 6, 2020
Slide 1: Exchange filing cover letter for Investor Update
SEC/0608/2020 6th August, 2020 National Stock Exchange of India Ltd. BSE Ltd. “Exchange Plaza”, Corporate Relationship Department, C-1, Block G, 27th Floor, Phiroze Jeejeebhoy Towers, Bandra- Kurla Complex, Dalal Street, Bandra (E), Fort, Mumbai – 400 051. Mumbai - 400 001. Scrip Symbol : APARINDS S
Slide 2: Apar Industries Q1 FY21 Investor Update
APAR INDUSTRIES LTD. Q1 FY21 Investor update Powering Ahead! Corporate Presentation 1 Apar Industries Apar Limited Industries Limited Q1 FY21 Corporate Investor Update Presentation
Slide 3: Safe Harbor
Safe Harbor This presentation may have certain statements that may be “forward looking” including those relating to general business plans and strategy of Apar Industries Ltd., its future outlook and growth prospects. The actual results may differ materially from these forward looking statements due
Slide 4: Q1 FY21 Highlights: COVID-19 lockdown impacts operations
Q1 FY21 Highlights: COVID-19 lockdown impacts operations Domestic revenues decline 52% YoY with lockdown in April, lower scale of operations in May-June; Exports up 11% YoY Consolidated financials. Revenue EBITDA Loss After Tax Rs 1,293 crore Rs 35 crore Rs 23 crore Down 35% YoY EBITDA margin at 2.7
Slide 5: Indian power sector update
Indian power sector update COVID-19 response/ structural reforms update Power minister has proposed a new scheme worth Rs 3 lakh crore spanning over 5 years to the Finance Commission (FC) to restructure the power system to make states responsible for the financial health of their discoms. FC’s final
Slide 6: Table of Contents: Financial Performance
Table of Contents Financial Performance Business Performance Company Overview Annexure 5 AparApar Industries Limited Industries Limited Q1 FY21 Corporate Investor Update Presentation
Slide 7: Q1 FY21: COVID19 lockdown & phased re-opening results in quarterly loss
Q1 FY21: COVID19 lockdown & phased re-opening results in quarterly loss Consolidated financials, Figures in Rs crore Consolidated Revenue EBITDA (Margin %) PAT (Margin %) Q1 FY21 1,293 35 (2.7%) -23 (-1.8%) 35% 74% Q1 FY20 1,984 137 (6.9%) 41 (2.1%) Revenue down 35% YoY as national lockdown in April
Slide 8: Table of Contents: Business Performance
Table of Contents Financial Performance Business Performance Company Overview Annexure 7 AparApar Industries Limited Industries Limited Q1 FY21 Corporate Investor Update Presentation
Slide 9: Conductors: Exports up 26% YoY but COVID disrupts domestic market
Conductors: Exports up 26% YoY but COVID 19 disrupts domestic market Consolidated financials, Figures in Rs crore Revenue EBITDA EBITDA per MT EBITDA EBITDA post adj* Volume (MT) (Margin %) (Rs per MT) (post adj*) (Rs per MT) Q1 FY21 709 31,861 23 (3.2%) 7,089 20 (2.8%) 6,185 31% 53% 39% 61% 49% 24%
Slide 10: Oils: Lockdown impacts performance
Oils: Lockdown impacts performance Consolidated financials, Figures in Rs crore EBITDA (Margin EBITDA EBITDA EBITDA post Revenue %) (Rs per KL) (post adj*) adj* (Rs per KL) Volume (KL) Q1 FY21 352 8 (2.4%) 1,350 5 (1.3%) 732 61,624 43% 80% 66% 89% 81% 42% Q1 FY20 619 42 (6.7%) 3,917 42 (6.7%) 3,907
Slide 11: Cables: COVID-19 impacts domestic revenues, exports up 109%
Cables: COVID-19 impacts domestic revenues, exports up 109% Consolidated financials, Figures in Rs crore Revenue EBITDA (Margin %) EBITDA (post adj*) Q1 FY21 250 9 (3.4%) 7 (2.9%) 37% 83% 86% Q1 FY20 394 52 (13.1%) 52 (13.2%) * After adjusting open period forex Revenue at Rs 250 crore, down 37% YoY
Slide 12: Table of Contents: Company Overview
Table of Contents Financial Performance Business Performance Company Overview Annexure 11 AparApar Industries Limited Industries Limited Q1 FY21 Corporate Investor Update Presentation
Slide 13: Apar Industries at a glance
Apar Industries at a glance Strong & Sustainable leadership Among the largest global manufacturer of Conductors FY21 to be a year of COVID19 led disruption but 4th largest global manufacturer of Transformer oils medium-term demand drivers are strong #1 domestic Cable manufacturer for renewables A le
Slide 14: Conductors: One of the largest global manufacturers
Conductors: One of the largest global manufacturers Strong leadership & competitive edge One of the largest global manufacturers – 1.8 lakh MT p.a. capacity, FY20 revenue of Rs 3,624 crore, 9% FY16-FY20 CAGR • Largest manufacturer in India. • Pioneer in aluminium alloy rod & conductors. • Technology
Slide 15: Speciality Oils: 4th largest global manufacturer of Transformer Oils
Speciality Oils: 4th largest global manufacturer of Transformer Oils Strong leadership & competitive edge 4th largest global manufacturer of transformer oils, 45% market share. Leading domestic player in auto lubes. FY20 revenue of Rs 2,323 crore, 6% FY16-FY20 CAGR. 5.42 lakh KL capacity. • Preferre
Slide 16: Cables: Largest domestic manufacturer in renewables
Cables: Largest domestic manufacturer in renewables Strong leadership & competitive edge Largest domestic manufacturer for renewables – 60% share in wind sector. FY20 revenue of Rs 1,601 crore, 24% FY16-FY20 CAGR. • Launched India’s most advanced E-beam facility. • Largest & most innovative Indian s
Slide 17: Sustained financial performance over the years
Sustained financial performance over the years Increased share of new higher-value added products sustains profitability in challenging markets Consolidated financials, Figures in Rs crore Consolidated Revenue Exports contribution at 34% EBITDA & margin 475 468 7,971 5,528 4,910 500 425 412 20% 7,46
Slide 18: Huge global presence driving exports
Huge global presence driving exports Presence in 100 countries, Exports contributing 34% to FY20 revenues Adopted a hub and spoke manufacturing and distribution model for specialty oils - allows efficient delivery cycles to global transformer OEM’s across Asia, Africa and Australia. Presence in
Slide 19: Table of Contents: Annexure
Table of Contents Financial Performance Business Performance Company Overview Annexure 18 AparApar Industries Limited Industries Limited Q1 FY21 Corporate Investor Update Presentation
Slide 20: Q1 FY21: Consolidated Profit & Loss Statement
Q1 FY21: Consolidated Profit & Loss Statement Particulars (Rs crore) Q1 FY21 Q1 FY20 % Chg YoY Q4 FY20 % Chg QoQ FY20 Gross sales 1,284.1 1,967.9 -35% 1,800.9 -29% 7,403.9 Other Operating Income 8.9 13.7 -35% 13.6 -35% 57.8 Total Operating Income 1,293.0 1,981.6 -35% 1,814.5 -29% 7,461.7 Total Expen
Slide 21: Q1 FY21 Financials
Q1 FY21 Financials Key Ratios Key Ratios (%) Q1 FY21 Q1 FY20 Q4 FY20 FY20 EBITDA Margin 3.0% 7.1% 5.9% 6.5% Net Margin -1.8% 2.1% 1.3% 1.8% Total Expenditure/ Total Net Operating Income 97.0% 93.1% 94.1% 93.6% Raw Material Cost/ Total Net Operating 80.3% 78.0% 76.5% 77.1% Income Staff Cost/ Total Ne
Slide 22: Q1 FY21: Consolidated Segment Analysis
Q1 FY21: Consolidated Segment Analysis Segment (Rs crore) Q1 FY21 Q1 FY20 % Chg YoY Q4 FY20 % Chg QoQ FY20 Revenue Conductors 709.1 1,021.7 -31% 838.1 -15% 3,624.0 Transformer & Specialty Oils 351.6 619.4 -43% 544.8 -35% 2,322.8 Power & Telecom Cables 249.8 393.9 -37% 446.7 -44% 1,600.8 Others/Unall
Slide 23: Shareholding pattern
Shareholding pattern As on June 30, 2020 Outstanding shares – 3,82,68,619 Others, 9.67% Major Non-Promoter Shareholders Shareholding (%) Corporate Bodies, HDFC Trustee company 9.25 1.20% Reliance Capital 6.27 DII, 23.59% L & T Mutual Fund Trustee Ltd 6.10 Goldman Sachs 2.35 Promoter, Raiffeisen -Eur
Slide 24: Contact us
Contact us For any Investor Relations queries, please contact: Sanjaya Kunder Rupam Prasad Seema Shukla Apar industries Ltd Phone: +91 83750 48395 Phone: +91 124 425 1443 Phone: +91 22 67800400 rupam.prasad@four-s.com seema@four-s.com Email: sr.kunder@apar.com Safe Harbor: This presentation may have