Godawari Power & Ispat Ltd. · NSE:GPIL
Godawari Power & Ispat — Q1 FY2024 Earnings Presentation
25 slides from Godawari Power & Ispat's earnings presentation, Jul 27, 2023
Slide 1: Exchange filing cover letter
isiE rm t5 tnI q" ti 3ih HIFEL GODAWARI POWER & lspAT REF: GPILINSE&BSE/2023/5193 Date: 27.07.2023 To' To, BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, C/I , Block G, Dalal Street, Bandra Kurla Complex, Bandra (East), Mumbai-400001. Mumbai400051. Sc
Slide 2: Q1FY24 Investor Presentation
Q1FY24 Investor Presentation 27th July’2023
Slide 3: Disclaimer
Disclaimer This presentation and the accompanying slides (the “Presentation”), which have been prepared by Godawari Power and Ispat Limited (the “Company”) solely for the information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, a
Slide 4: Q1FY24 Key Highlights
Q1FY24 Key Highlights o Revenue increased to Rs. 1,326 Cr. – up 1% QoQ but decreased by 20% on YoY Financial Performance basis due to fall in sales volume as well as realization across all products (Consolidated) o EBITDA increased by 14% to Rs. 305 Cr. on QoQ basis and EBITDA Margin also increased
Slide 5: Glimpse of Financial & Operational Performance
Glimpse of Financial & Operational Performance Financial Performance REVENUE EBITDA PAT Rs. 1,326 Cr. Rs. 305 Cr. Rs. 231 Cr. 1% 14% %36 Operational Performance Steel Billets Production Sponge Iron Sales Pellets Realization 100,535 T 31,567 T Rs. 10,200/T 111% 315% 3% Comparison made on QoQ basis; T
Slide 6: Guidance – Status Check
Guidance – Status Check Q1FY24 Particulars FY24 Guidance % Achieved Performance Iron Ore Mining 3MnT 572,523 T 19% Iron Ore Pellets 2.6MnT 523,950 T 20% Sponge Iron 0.495MnT 149,216 T 30% Steel Billets 0.4MnT 100,535 T 25% Ferro Alloys 80,000T 15,203 T 19% Rolled Products 0.2MnT 57,183 T 28%
Slide 7: Ongoing Capex Plan
Ongoing Capex Plan Capex (in Rs. Cr.) Capacity Particulars Already Balance to FY24E Total Current Status incurred be incurred 30 MW Land acquisition and procurement of Solar (Capacity modules completed. Construction activities GPIL – Khairagarh 125 104 21 enhanced from started. Project Commissioning
Slide 8: Next Leg of Growth – Capex Plan
Next Leg of Growth – Capex Plan Category Capacity (MnT) Capex (approx.) Est. Time Iron Ore Mining 2.35 3.65 6MnT 15 (Ari Dongri Mines) ₹ 200Cr Months Iron Ore Beneficiation Plant 6 6MnT (Ari Dongri) 30 Pellets 5.7MnT ₹ 800Cr 2.7 3 Months Integrated Steel Plant 0.5 1.0 36 1.5MnT ₹ 2500 Cr Months Exis
Slide 9: Detailed Production Summary
Detailed Production Summary Description of Goods M.T./ KWH Q1FY24 Q4FY23 QoQ (%) Q1FY23 YoY (%) FY23 Iron ore Mining M.T.s 572,523 570,276 0% 758,306 -24% 2,595,953 Iron ore Pellets - GPIL M.T.s 523,950 662,200 -21% 667,350 -21% 2,616,500 Sponge Iron M.T.s 149,216 62,552 139% 161,001 -7% 494,991 Ste
Slide 10: Detailed Sales Volume Summary
Detailed Sales Volume Summary Description of Goods M.T./ KWH Q1FY24 Q4FY23 QoQ (%) Q1FY23 YoY (%) FY23 Iron Ore Pellet - GPIL M.T.s 297,656 573,278 -48% 410,667 -28% 1,979,415 Sponge Iron M.T.s 31,567 7,601 315% 50,262 -37% 125,575 Steel Billets M.T.s 42,323 22,995 84% 43,942 -4% 145,186 M.S. Round/
Slide 11: Detailed Realisation Summary
Detailed Realisation Summary (Ex plant realisation excluding export freight and expenses) Description of Goods M.T./ KWH Q1FY24 Q4FY23 QoQ (%) Q1FY23 YoY (%) FY23 Iron Ore Pellet - GPIL INR/M.T.s 10,200 9,883 3% 11,596 -12% 9,409 Sponge Iron INR/M.T.s 30,290 33,707 -10% 34,457 -12% 33,804 Steel Bill
Slide 12: GPIL Consolidated - Profit & Loss
GPIL Consolidated - Profit & Loss All figures in INR Crore Particulars Q1FY24 Q4FY23 QoQ% Q1FY23 YoY% FY23 Net Sales 1,326 1,317 1% 1,666 -20% 5,753 Total Expenses 1,020 1,049 -3% 1,206 -15% 4,620 Other Income 19 26 -27% 16 17% 104 EBIDTA 305 268 14% 461 -34% 1,133 EBIDTA Margin (%) 23% 20% 28% 20%
Slide 13: GPIL Standalone Profit and Loss
GPIL Standalone Profit and Loss All figures in INR Crore Particulars Q1FY24 Q4FY23 QoQ% Q1FY23 YoY% FY23 Net Sales 1,207 1,223 -1% 1,483 -19% 5,285 Total Expenses 907 949 -4% 1,054 -14% 4,173 Other Income 19 25 -24% 11 67% 96 EBIDTA 300 274 9% 428 -30% 1,112 EBIDTA Margin (%) 25% 22% 29% 21% Depreci
Slide 14: International & Domestic Tailwinds
International & Domestic Tailwinds International Market o Global iron ore prices touched $133/t CIF China in Mid-March’2023 on back of reopening of China's economy. However sharp increase in iron ore supplies by global major and lower than expected demand pick up in China has led to a correction to
Slide 15: Appendix
GODAWARI POWER & ISPAT APPENDIX Lite eed IL led
Slide 16: Unique Presence Across Steel Value Chain
Unique Presence Across Steel Value Chain Asset Capacity FY23 Utilisation (%) Asset Capacity FY23 Utilisation (%) Iron Ore MS 0.4 MT 43% Mining 3.05 MT Rounds 85% Iron Ore 2.7 MT HB 0.10 MT 97% 54% Pellets 92% Wires Sponge Ferro 16,500 T 0.5 MT 93% Alloys 60500* T Iron 99.99% 99.95% Steel 75% Power**
Slide 17: Large Portfolio of Long-life Assets
Large Portfolio of Long-life Assets Pelletisation Plant Odisha Keonjhar: 0.8 mn MTPA Siltara Integrated Plant Chhattisgarh 3.3 mn MTPA Iron ore beneficiation 2.4 mn MTPA Iron ore pellets 0.5 mn MTPA Sponge iron 0.4 mn MTPA Steel billets Bemetara, Chhattisgarh 0.2 mn MTPA Wire-Rod Mill 30MW HFAL Sola
Slide 18: Board of Directors
Board of Directors Mr. Shashi Kumar (Chairman & Mr. BL Agarwal (Managing Mr Raj Kamal Bindal (Independent Independent Director) Director) Director) 4+ decades of experience; B.Sc. In 1st generation entrepreneur with MCOM, CA & MBA; 22 years experience Mining Engineering; Advisor to almost 4 decades
Slide 19: Shareholding Pattern on 30th June 2023
Shareholding Pattern on 30th June’2023 Shareholding Pattern 30th June’2023 Particulars No of Shares % of Total Sh. Promoter 9,20,04,908 67.68 32.32% Domestic Institutions 15,62,903 1.15 FPI 49,55,765 3.65 67.68% Non Institution 3,74,21,412 27.53 Total 13,59,44,988 100.00 Promoter Public
Slide 20: Strong focus on Sustainability
Strong focus on Sustainability Strengthening the ESG Framework Aligned with United Nations’ 10 principles for manufacturing responsibility and environmental sustainability Environment Responsibility Social Responsibility Governance Framework o Investing in o Strong community o Strategic Clarity – en
Slide 21: GPIL – Consolidated Balance Sheet
GPIL – Consolidated Balance Sheet All figures in INR Crore Particulars 31.03.2023 31.03.2022 Particulars 31.03.2023 31.03.2022 ASSETS EQUITY AND LIABILITIES Non Current assets EQUITY (a) Property, Plant and Equipment 1,965 1,413 (a) Equity share capital 65 66 (b) Capital work-in-progress 443 643 (b)
Slide 22: GPIL – Standalone Balance Sheet
GPIL – Standalone Balance Sheet All figures in INR Crore Particulars 31.03.2023 31.03.2022 Particulars 31.03.2023 31.03.2022 ASSETS EQUITY AND LIABILITIES Non Current assets EQUITY (a) Property, Plant and Equipment 1,674 1,300 (a) Equity share capital 68 68 (b) Capital work-in-progress 240 416 (b) O
Slide 23: GPIL Consolidated – Historical Profit & Loss
GPIL Consolidated – Historical Profit & Loss All figures in INR Crore Particulars FY23 FY22 FY21 FY20 FY19 FY18 Net Sales 5,753 5,399 3,958 3,289 3,322 2,527 Total Expenses 4,620 3,535 2,821 2,664 2,532 1,931 Other Income 104 29 3 5 6 9 EBITDA 1,133 1,864 1,137 629 795 606 EBITDA Margin (%) 20% 35%
Slide 24: GPIL Consolidated – Historical Balance Sheet
GPIL Consolidated – Historical Balance Sheet All figures in INR Crore Particulars FY23 FY22 FY21 FY20 FY19 FY18 Net Worth 3,947 3442 2,108 1,503 1,336 1,084 Debt Long Term Debt 9 10 771 1,465 1,643 1,873 Short Term Debt 307 418 125 160 139 134 Other Long Term Liabilities 256 189 187 61 13 10 Current
Slide 25: Thank You
Thank You Investor Relations Contact: Company Contact: Sana Kapoor Sheetal Khanduja Sanjay Bothra YC Rao Go India Advisors Go India Advisors sanjay.bothra@hiragroup.com Yarra.rao@hiragroup.com sana@GoIndiaAdvisors.com sheetal@GoIndiaAdvisors.com Godawari Power and Ispat Ltd. Godawari Power and Ispat
Godawari Power & Ispat — Q1 FY2024 Earnings Presentation on 6ix