Gmm Pfaudler Limited · NSE:GMMPFAUDLR
Gmm Pfaudler — Q4 FY22 Earnings Presentation
30 slides from Gmm Pfaudler's earnings presentation, May 25, 2022
Slide 1: Earnings Presentation Q4 FY22
GMM —F c= Pfaudler Earnings Presentation Q4 FY22 May 25, 2022
Slide 2: Disclaimer
— Disclaimer This presentation has been prepared by GMM Pfaudler Limited (the Company’) and forms a part of its intellectual property which is_ solely for the purposes of your general information and shall not be taken away, distributed, reproduced, or redistributed or passed on, directly or indirec
Slide 3: Welcome Address
Welcome Address Executive Summary Performance Update Integration Update Questions & Answers ce MM —J Pfaudler
Slide 4: Executive Summary
- 01 Resurgent India Capex continues in Agro and Specialty chemicals PLI scheme driving investment in pharma Hyderabad new furnace operational Vatva ramp up complete and all bays operational — Executive Summary - 02 Global Resilience Backlog continues to remain strong All sites at high capacity util
Slide 5: Consolidated
Consolidated GMM Pfaudler
Slide 6: Consolidated Results - Q4 FY22
— Consolidated Results - Q4 FY22 — - REVENUE - EBITDA* — a a rect (eet : ea 699 642 76 459 Q4 FY22 Q3 FY22 Q4 FY21 Q4 FY22 Q3 FY22 Q4 FY21 —= PROFIT AFTER TAX* = ORDER BACKLOG r---! === =—==94 =—==5 1 8% 1 1 5% _| ize 30% | a3 38 1,932 2,067 1,483 Q4 FY22 Q3 FY22 Q4 FY21 Q4 FY22 Q3 FY22 Q4 FY21 “Exc
Slide 7: Consolidated Results - FY22
— Consolidated Results - FY22 — REVENUE Figures in ® crore _ EBITDA* —_—_— 1 154% _! 1 79% _! 2,541 330 184 1,001 FY22 FY21 FY22 FY21 — PROFIT AFTER TAX* _ ORDER INTAKE 1 55% | 1 154% ! 165 2,956 107 1,165 FY22 FY21 FY22 FY21 *Excluding PPA and acquisition related adjustments (non-cash) related to P
Slide 8: Consolidated Cash Flow Statement - FY22
— Consolidated Cash Flow Statement - FY22 Figures in ® crore 4 BUSINESS CASH Ly | APPLICATION INVESTMENTS & Le. |, GENERATION 1, ¢1 OF CASH FUNDING oN | aa Vp TTT fF SS ee ee ee ‘ H 39 ! I prone s seers a] I 98 1 i Vatva partly funded ad I a! | — | through internal | 1 133 | | I | -27 || } accruals
Slide 9: Consolidated Balance Sheet
— Consolidated Balance Sheet Particulars 31.03.22 31.03.21* Particulars 31.03.22 31.03.21* Figures in ® crore Total Liabilities and Equity Total Assets Q Working capital in control with healthy collections and funding by customer advances Q Credit Ratings reaffirmed at AA-/A1+ with Stable outlook (o
Slide 10: Consolidated Profitability Metrices
— Consolidated Profitability Metrices = EARNINGS PER SHARE (EPS) = — RETURN METRICES Figures in INR 4 27.2% 28.0% 23.8% 25.4% 66.2 48.7 21.8% 34.6 18.8% 16.8% L | =®@ROCE —®-ROE FY 19 FY 20 FY 21* FY 22* FY 19 FY 20 FY 21* FY 22* *Consolidated figures exclude PPA, and other acquisition related adjus
Slide 11: Integration Update
Integration Update GMM Pfaudler
Slide 12: Branded Product Lines
Branded Product Lines GMM —J C- Pfaud ler u Corporate Brand PFAUDLER NORMAG MAVAG MIXION INTERSEAL EQUILLOY EDLON "= Glass-Lined Technology "= Lob & Process Glass Business Functions = Filtration & Drying =m Mixing Technology GMM — cé Pfaudler Services Our services branch ranges from the provision of
Slide 13: Project Apollo
Project Apollo Operational Excellence Implement lean production model across manufacturing sites to increase throughput Strategy alignment across global operational footprint New furnace in Hyderabad and US under commissioning Indian-built vessels delivered to Europe, Americas and China Made in Indi
Slide 14: Performance Analysis
Performance Analysis GMM Pfaudler
Slide 15: Income Summary Statement - Q4 FY22
— Income Summary Statement - Q4 FY22 Standalone Results ins a hierBe Sol aire Change a3ry22 | @ary22 Business |PPA/Adj. Eliminations; ,¢y9 | @3ry22 % (Note i) (Note ii) A+B+C+D Revenue from Operations 209 229 526 -56 699 642 9% Cost of materials consumed 110 133 234 -61 305 287 Changes in inventory
Slide 16: Segmental Overview - Q4 FY22
— Segmental Overview - Q4 FY22 errr cc nero ee = ~ ‘ . . » { Standalone International Consolidated \ l | af) H recmoioses | \ | 1 BT services ‘ See ee LL LL LL LL Le LLL LL LL LLL LL LLL LL LL 7 , enna ~ ‘ { Standalone International Consolidated \ l | om I recmoioses | ! Order Intake ON i | ! | HT s
Slide 17: Thank You
GMM —F c= Pfaudler Thank You
Slide 18: Appendix
Appendix GMM Pfaudler
Slide 19: Standalone
Standalone GMM Pfaudler
Slide 20: Standalone Results - Q4 FY22
— Standalone Results - Q4 FY22 Figures in ® crore = REVENUE = EBITDA —_ i 2% 20% 1 L 4% 1 128% | 229 209 190 52 38 Q4 FY22 Q3 FY22 Q4 FY21 Q4 FY22 Q3 FY22 Q4 FY21 — PROFIT AFTER TAX — ORDER BACKLOG =—==4 r- += === === 4% 135% 1 8%! 1.26% 1 31 524 568 Q4 FY22 Q3 FY22 Q4 FY21 Q4 FY22 Q3 FY22 Q4 FY21 2
Slide 21: Standalone Results - FY22
— Standalone Results - FY22 21 _ REVENUE 815 FY22 FY21 Margin and growth percentages are calculated on absolute figures. EBITDA 172 FY22 ORDER INTAKE 874 FY22 Figures in ® crore FY21 ce MM —J Pfaudler
Slide 22: Standalone Balance Sheet
— Standalone Balance Sheet Figures in ® crore Particulars 31.03.22 31.03.21 Particulars 31.03.22 31.03.21 Shareholder's equity 445 357 fixedlAssets ais US? Goodwill & Intangibles 25 32 Debt 128 105 Receivables 121 113 Trade payables 159 93 Inventory 23) NS Cash and equivalents 15 29 Other liabilitie
Slide 23: Standalone Revenue (Legacy Segments)
— Standalone Revenue (Legacy Segments) Figures in ® crore Particulars FY22 FY21 FY20 Glass lined Equipment 499 401 S55) Heavy Engineering 141 96 50 Proprietary Products 176 144 m Total Revenue 815 641 516 GMM —J 23 ce Pfaudler
Slide 24: International
International GMM Pfaudler
Slide 25: International Results - Q4 FY22
— International* Results - Q4 FY22 Figures in ® crore — REVENUE — EBITDA* — 23% | L3% 1 526 427 42 98% PFI: PFI: 389 37 Q4 FY22 Q3 FY22 Q4 FY21** Q4 FY22 Q3 FY22 Q4 FY21** —_ ORDER INTAKE = ORDER BACKLOG 151% | 21% 1 {710% | 134% | 696 1,425 1,589 343 436 ,067 a 927 Q4 FY22 Q3 FY22 Q4 FY21** Q4 FY22
Slide 26: International Results - FY22
— International* Results - FY22 — REVENUE Figures in ® crore _ EBITDA* —__ 1 24% | | 34% | 1881 tsp 180 134 - 8mm ea ac FY22 FY21** FY22 FY21** = ORDER INTAKE — ORDER BACKLOG one a 1 29% | 1,425 1 34% _ | — 1696 1067 PFI: PFI: 1,488 927 FY22 FY21** FY22 FY21 * , _ ae + : 26 Includes Mavag & PFI, Exc
Slide 27: Other Updates
Other Updates GMM Pfaudler
Slide 28: Shareholder Summary
— Shareholder Summary DIVERSIFIED INVESTOR BASE - TOP 10 INSTITUTIONAL INVESTORS HOLD 13.0% SHARES. Particulars (in %) Pre-acquisition Post acquisition Current i (June 30, 2020) (September 30, 2020) (March 31, 2022) [Total Promoter Shareholding (A) 75.0 54.9 54.9 A. i. DBAG. 50.4 32.7 32.7 A. ii. Pa
Slide 29: FY22 Income Summary Statement (in Crore)
(in = Crore) Standalone Results International Results FY22 Inter-Co . Business |PPA/Adj. Eliminations Particulars FY21 FY22 (Note i) (Note ii) Results FY22 FY21 % Revenue from Operations 641 815 1,881 =5S 2,541 1,001 154% Cost of materials consumed 264 402 763 121 1,045 386 Changes in inventory (WIP
Slide 30: Working Capital Summary
— Working Capital Summary Figures in ® crore a CONSOLIDATED a STANDALONE ! — Summary 31.03.22 31.03.21* \ Inventory Summary 31.03.22 31.03.21 » Inventory 670 530** Inventory 231 113 Customer advances 422 288 Customer advances 94 56 INet funding required for inventory 247 242 Net funding required for