Cords Cable Industries Limited · NSE:CORDSCABLE
Cords Cable Industries — Q4 FY21 Earnings Presentation
30 slides from Cords Cable Industries's earnings presentation, August 2021
Slide 1: Investor Presentation Q4FY21
Investor Presentation Q4FY21 1
Slide 2: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Cords Cable Industries Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for an
Slide 3: Q4FY21 Performance Snapshot
Q4FY21 Performance Snapshot Revenue Gross Profit ₹100.9 Crores ₹27.3 Crores EBITDA EBITDA Margin ₹11.0 Crores 10.9% EBIT PAT ₹9.6 Crores ₹1.9 Crore 3
Slide 4: FY21 Performance Snapshot
FY21 Performance Snapshot Revenue Gross Profit ₹323.4 Crores ₹81.7 Crores EBITDA EBITDA Margin ₹34.7 Crores 10.7% PAT Order Book ₹4.4 Crores ₹172 Crore 4
Slide 5: Q4FY21 Financial Performance – Recovery continues..
Q4FY21 Financial Performance – Recovery continues.. Revenue (Rs. Crs.) EBITDA (Rs. Crs.) +12.0% +13.3% 100.9 11.0 • Company continues to 90.1 9.7 recover strongly in Q4FY21 as Covid-19 lockdowns restrictions were eased and capex activities gained traction across the industries Q3FY21 Q4FY21 Q3FY21 Q
Slide 6: FY21 Financial Performance
FY21 Financial Performance Revenue (Rs. Crs.) EBITDA (Rs. Crs.) -23.2% -16.4% 420.9 41.6 34.7 • FY21 Financial Performance 323.4 is not exactly comparable to FY20 as a significant period of FY21 went under covid-19 induced lockdown FY20 FY21 FY20 FY21 • Q1FY21 was the worst impacted and witnessed EB
Slide 7: Order Book Details
Order Book Details Order Book Break- Up FMCG & Industry Water, 11.6% Hydrocarbons Hydrocarbons, 31.1% Sector, 5.9% Total Order book of ~Rs. 172 Crores as Metro & Freight corridors on 31st July 2021 Fertilizers & Chemicals, Power 3.1% Cement, Metals Cement, Metals, 13.85% Fertilizers & Chemicals Orde
Slide 8: Q4 & FY21 Profit & Loss Statement
Q4 & FY21 Profit & Loss Statement Particulars (Rs. Crs.) Q4FY21 Q4FY20 YoY Q3FY21 QoQ FY21 FY20 YoY Revenue 100.9 97.4 4% 90.1 12% 323.4 420.9 -23% Cost of Goods Sold 73.6 73.5 68.1 241.6 326.6 Employee Expenses 5.5 6.2 5.4 20.0 23.5 Other Expenses 10.9 8.7 6.9 27.0 29.3 EBITDA 11.0 8.9 24% 9.7 13%
Slide 9: Balance Sheet
Balance Sheet Assets (Rs. Crs.) Mar-21 Mar-20 Equity & Liabilities (Rs. Crs.) Mar-21 Mar-20 Non-Current assets 94.4 97.7 Equity 145.7 141.3 Property, plant and equipment 68.1 71.6 Equity Share capital 12.9 12.9 Right of use Assets 24.6 24.4 Other equity 132.8 128.4 Security Deposit 1.7 1.7 Non-Curre
Slide 10: Debt Profile
Debt Profile Debt Structure as on 31st Mar-21 FY21 Finance Cost Break up Rs. Crs. 22.83 28% 6.89 0.16 4.92 72% 2.14 6.93 1.79 Cash Credit Interest on Suppliers Bank Discounting Preference Total Interest Term Loan Interest Charges ^ & Dividend Factorinig* Term Loans Working Capital Loans ^ Bank Charg
Slide 11: About the Company
About the Company 11
Slide 12: A Specialized Control and Instrumentation Cable Company
A Specialized Control and Instrumentation Cable Company CORDS in a Nutshell 95% of our orders are based on customer specifications 78% of our cables constitute Instrumentation & Control Cables and 22% is Power Cables We have approvals from large public sector as well as private customers Current Cap
Slide 13: Speciality Cables: Wide Range of Products to Multiple Industries
… offering Wide Range of Products to Multiple Industries Fieldbus Cables EPR Cables Special Cables for Oil & Gas Instrumentation Cables Special Cables for Water Desalination Silicon Rubber Cables Thermocouple Cables Fire Survival Cables Control Cables Speciality Cables Low Smoke Halogen Free Cables
Slide 14: … with a Diverse Portfolio of Products
… with a Diverse Portfolio of Products Application Thermocouple ✓ Used to extend thermocouple circuits from the sensor to Cables reference unit Sales Composition Application ✓ Control Cables: Used in interconnection of process control, Control & Electrical communication and panel control systems 22%
Slide 15: Special cables … bringing Constant Innovation
… bringing Constant Innovation Fire retardant low smoke Railway jelly field Quad Cables Cables Field Bus Cables Fire Survival Cables Silicon Rubber Cables EPR Cables Special Water Desalination Cables cables Low Temperature Cables Eurobaslise Railway Safety Cables Oil & Gas Cables Low smoke zero Halo
Slide 16: … with Focus on Quality
… with Focus on Quality Consistent Quality check at every stage Garnered a name for Quality Test Labs | Customer Interface | Quality Customer Product Design |Choice of Vendors| Checks Centric ✓ Customer service Manufacturing Process |Human Resource ✓ Timely deliveries Development | Customer service
Slide 17: … Experienced Management Team
… Experienced Management Team Naveen Sawhney Chairman & MD A Mechanical Engineer and a PG Diploma in Marketing Management. Has an experience of over 45 years in the Cables Industry. His Vast experience, long-term vision, entrepreneurial abilities & strategic planning have led the Company towards gro
Slide 18: … with Strong Core Values
… with Strong Core Values Honour Commitments Consistently maintain High Quality Strive for long-term relations and partnerships with customers, vendors and business associates Focus on product-development based on ever-changing needs of our customers Ensure Dignity of Labour Advancement in Technolog
Slide 19: … Long Term Customer Relationship
… Long Term Customer Relationship Domestic International Over 20 years of Relationship 19
Slide 20: … State of the Art Manufacturing Facilities
… State of the Art Manufacturing Facilities Chopanki & Kahrani Chopanki Unit ❖ Capacity of 30,000 Kms ❖ Manufactures LV Power, Rajasthan Instrumentation, Control & Speciality cables Kahrani Unit ❖ Capacity of 35,000 Kms ❖ Manufactures Control, Instrumentation, Fieldbus, PV Solar, EPR Insulated & oth
Slide 21: … Certifications & Client Approvals
… Certifications & Client Approvals ❖ Manufacture cables conforming Type Tested by Major Approvals to International standards such as: EN, BS, IEC, VDE ❖ Hold BIS certification for all types of cables conforming to IS:1554(1)/1988 and IS:694-90 ❖ Quality Management System is ISO 9001:2008 Certified
Slide 22: Key beneficiary of Modernisation and Upgradation of India
Key beneficiary of Modernisation and Upgradation of India Renewable Power Freight Corridor Oil & Gas FMCG Smart Cities Ferrous & non Ferrous Metals Transmission & Distribution Metro Rail Refineries Chemicals Cement LPG Bottling Nuclear & Thermal Power Airport Development Water Desalination Fertilise
Slide 23: … Dominance to grow beyond the Industry
… Dominance to grow beyond the Industry Indian Wire & Cables industry (Volumes in Mn Kms. ) Sectors Driving Increase in Demand 26.2 ❖ Hydrocarbon Sector 13.5 14.5 11.5 6.3 9.1 ❖ Airport Modernization FY14 FY15 FY16 FY17 FY18 FY23 ❖ Freight Corridor Projects ❖ Metro Rail Projects Indian Wire & Cables
Slide 24: Supported by Technologically Advanced Facilities
Supported by Technologically Advanced Facilities Chopanki Unit Kahrani Unit 24
Slide 25: With the Capabilities to Double the Production
With the Capabilities to Double the Production Key initiatives leading to strong With Cords leadership in Cable Space Industrial growth Low Investment for growth ✓ Emphasis on Quality ✓ Valued long term Client Relationships ✓ Current Capacity – 65,000 Kms p.a. ✓ Indian Wire & Cables industry ✓ Diver
Slide 26: Segmental Revenue Highlights
Segmental Revenue Highlights Revenue Contribution Metros & Freight Corridors Hydrocarbons Power Sector 11% 69% 67% 29% 28% 54% 8% 7% 19% 6% 36% 5% 11% 18% 6% FY17 FY18 FY19 FY20 FY21 FY17 FY18 FY19 FY20 FY21 FY17 FY18 FY19 FY20 FY21 26
Slide 27: Approvals from esteemed clients (1/2)
Approvals from esteemed clients (1/2) Approved vendor for RDSO (Research Design & Standards Organization) under Government of India – Ministry of Railways ▪ This approval enables the company to offer "Underground Railway Jelly Filled Quad Cable for Signalling & Telecom Installations” to the Indian R
Slide 28: Approvals from esteemed clients (2/2)
Approvals from esteemed clients (2/2) Approval from Abu Dhabi National Oil Company Approval from Samsung Engineering Co. Ltd. [ADNOC] ▪ Registered as a Prequalified supplier for their International orders ▪ Registered & Prequalified with ADNOC and Arabian Gulf ▪ This Global level Approval is for 5 y
Slide 29: Consistent Performance over the years
Consistent Performance over the years Revenue (Rs. Crs) EBITDA (Rs. Crs) 416.7 420.9 41.6 39.2 365.4 35.5 34.7 323.4 323.4 33.1 FY17 FY18 FY19 FY20 FY21 FY17 FY18 FY19 FY20 FY21 PAT (Rs. Crs) Margins % 10.2% 10.7% 9.7% 9.4% 9.9% 10.7 7.4 6.3 5.2 1.7% 1.8% 2.5% 4.4 1.6% 1.3% FY17 FY18 FY19 FY20 FY21
Slide 30: Cords Cable Industries Limited Contact Details
Cords Cable Industries Limited Strategic Growth Advisors Pvt. Limited CIN: L74999DL1991PLC046092 CIN: U74140MH2010PTC204285 Mrs. Garima Pant, Company Secretary Mr. Shogun Jain csco@cordscable.com shogun.jain@sgap.net +91 77383 77756 Mr. Sandeep Kumar, CFO sandeep@cordscable.com Mr. Shrenik Shah shre
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