Godawari Power & Ispat Ltd. · NSE:GPIL
Godawari Power & Ispat — Q4 FY2024 Earnings Presentation
36 slides from Godawari Power & Ispat's earnings presentation, May 21, 2024
Slide 1: Stock exchange cover letter for Q4 & FY24 investor presentation
E±EE=EE q; qRT Hgiv qR 3in ullEL OODAWARI POWER & lspAT REF: GPILINSE & BSE/2024/5453 Date: 21.05.2024 To 1. The Listing Department, 2. The corporate Relation Department, The National stock Exchange of India Ltd, The BSE Limited, Exchange plaza, Bandra Kurla complex, First Floor, Rotunda Building, B
Slide 2: Q4FY24 Investor Presentation
Godawari Power & Ispat Limited Q4FY24 Investor Presentation SCALABILITY. 21st May’2024 RESPONSIBILITY. SUSTAINABILITY. SUSTAINABLITY. Three words that represent the core of our company
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: Business at a Glance
Business at a Glance Incorporated in 1999 & Backward integrated Large product portfolio Captive Iron Ore Mines and Growing under leadership of with captive iron ore mines & ranging from Iron Ore pellets to manufacturing plants are Mr. B.L. Agarwal, 1st Captive Power Generation Sponge Iron, Steel Bil
Slide 5: Investment Thesis
Investment Thesis 01 02 03 04 Captive Iron ore mines with Unique presence across High Grade Pellets Strong Growth Plan 165MnT Reserves and 35+ steel value chain Manufactures high grade To more than double the years of mine life. Present Iron Ore Mining & pellets which earn premium capacities of iron
Slide 6: Strategic Updates – FY24
Strategic Updates – FY24 Appointed 2 Industry Experts (Mr. Sunil Duggal and Mrs. Roma Balwani) as New High-Efficiency 48MW Power Independent Directors on the Board; High- Turbine Generator has been Improved commissioned and synchronized with Independent Directors comprise 50% of BOD Efficiency Corpo
Slide 7: Q4FY24 Performance Highlights
Q4FY24 Performance Highlights Financial Performance (Consolidated) Operational Performance Revenue (Rs. Cr.) Operating EBITDA (Rs. Cr.) o Highest ever production of Steel Billets and Captive 1530 1317 Power Generation. o Increase in Production Volume of Iron Ore Mining, 329 Sponge Iron, Steel Billet
Slide 8: FY24 Performance Highlights
FY24 Performance Highlights Financial Performance (Consolidated) Operational Performance o Highest ever production of Sponge Iron, Steel Billet, Revenue (Rs. Cr.) Operating EBITDA Power (GPIL) and captive power generation (Rs. Cr.) 5753 5455 o Production of Sponge Iron, Steel Billets, MS Rounds, 132
Slide 9: FY24 Report Card – What we promised vs What we delivered
FY24 Report Card – What we promised vs What we delivered Particulars FY24 Guidance FY24 Performance % Achieved Remarks Iron Ore Mining 2.3MnT 2.3MnT 100% Successfully achieved the target Slight miss because of maintenance Iron Ore Pellets 2.6MnT 2.44MnT 94% shutdown in Q1FY24 Successfully achieved m
Slide 10: FY25 Volume Guidance
FY25 Volume Guidance Iron Ore Iron Ore Sponge Steel Ferro Rolled Mining Pellets Iron Billets Alloys Products 1 2 3 4 5 6 3.0 MnT 2.44 MnT 0.594 MnT 0.50 MnT 0.08 MnT 0.325 MnT
Slide 11: Ongoing Capex Plan
Ongoing Capex Plan Capex (in Rs. Cr.) Particulars Capacity FY24 ( E ) Already Balance to Current Status Total incurred be incurred Plant commissioned & synchronised with Grid on GPIL – Khairagarh 23 MW 108 99.20 0 06.02.2024. The project will meet the captive power requirement of Rolling Mill and fa
Slide 12: Next Leg of Growth – Capex Plan
Next Leg of Growth – Capex Plan Proposed Total Capex ( Apprx. in Rs Cr ) Existing Project Capacity Capacity Capacity Expected Timeline Current Status Particulars Expansion After Poject Cost Balance to ( Mn T) (MnT) Expansion Cost Incurred be Incurred Enhanced Mining Revised Mining Plan Capacity shal
Slide 13: Captive Mining Provides Competitive Edge
Captive Mining Provides Competitive Edge 7,300 6,800 6,200 5,500 4,346 4,270 3,500 3,200 3,000 2,750 3,000 2,800 2,800 2,600 2,462 2,310 2,375 2,050 2,181 1,800 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 Market Price of Iron Ore Captive Ore Landed Cost Note – Prices are indicative only
Slide 14: Detailed Production Summary
Detailed Production Summary Description of Goods M.T./ KWH Q4FY24 Q3FY24 QoQ (%) Q4FY23 YoY (%) FY24 FY23 YoY (%) Iron ore Mining M.T.s 648,662 565,255 15% 570,276 14% 2,307,075 2,595,953 -11% Iron ore Pellets - GPIL M.T.s 631,800 647,000 -2% 662,200 -5% 2,438,950 2,616,500 -7% Sponge Iron M.T.s 135
Slide 15: Detailed Sales Volume Summary
Detailed Sales Volume Summary Description of Goods M.T./ KWH Q4FY24 Q3FY24 QoQ (%) Q4FY23 YoY (%) FY24 FY23 YoY (%) Iron Ore Pellet - GPIL M.T.s 484,073 367,369 32% 573,278 -16% 1,581,795 1,979,415 -20% Sponge Iron M.T.s 5,360 12,411 -57% 7,601 -29% 60,198 125,575 -52% Steel Billets M.T.s 68,944 62,
Slide 16: Detailed Realisation Summary
Detailed Realisation Summary (Ex plant realisation excluding export freight and expenses) M.T./ KWH Q4FY24 Q3FY24 QoQ (%) Q4FY23 YoY (%) FY24 FY23 YoY (%) Description of Goods Iron Ore Pellet - GPIL INR/M.T.s 10,092 10,505 -4% 9,883 2% 10,171 9,409 8% Sponge Iron INR/M.T.s 28,979 31,490 -8% 33,707 -
Slide 17: GPIL Consolidated - Profit & Loss
GPIL Consolidated - Profit & Loss All figures in INR Crore Particulars Q4FY24 Q3FY24 QoQ% Q4FY23 YoY% FY24 FY23 YoY% Net Sales 1,530 1,309 17% 1,317 16% 5,455 5,753 -5% Total Expenses 1,201 978 23% 1,041 15% 4,127 4,589 -10% Other Income 40 16 154% 26 56% 98 104 -6% Operating EBIDTA 329 331 -1% 276
Slide 18: GPIL Standalone Profit and Loss
GPIL Standalone Profit and Loss All figures in INR Crore Particulars Q4FY24 Q3FY24 QoQ% Q4FY23 YoY% FY24 FY23 YoY% Net Sales 1,403 1,214 16% 1,223 15% 5,042 5,285 -5% Total Expenses 1,082 890 22% 941 15% 3,735 4,142 -10% Other Income 29 21 40% 25 15% 90 96 -7% Operating EBIDTA 320 324 -1% 282 14% 1,
Slide 19: GPIL – Consolidated Balance Sheet
GPIL – Consolidated Balance Sheet All figures in INR Crore Particulars 31.03.2024 31.03.2023 Particulars 31.03.2024 31.03.2023 ASSETS EQUITY AND LIABILITIES Non Current assets EQUITY (a) Property, Plant and Equipment 2,273 1,965 (a) Equity share capital 62 65 (b) Capital work-in-progress 431 443 (b)
Slide 20: GPIL – Standalone Balance Sheet
GPIL – Standalone Balance Sheet All figures in INR Crore Particulars 31.03.2024 31.03.2023 Particulars 31.03.2024 31.03.2023 ASSETS EQUITY AND LIABILITIES Non Current assets EQUITY (a) Property, Plant and Equipment 1,857 1,674 (a) Equity share capital 66 68 (b) Capital work-in-progress 340 240 (b) O
Slide 21: Strong Net Cash Balance Sheet
Strong Net Cash Balance Sheet Healthy Balance Sheet to support Capex Plans through internal accruals Consolidated Net Debt (Rs Crores) 1,929 1,821 1,604 1,436 720 -565 -791 -1,056 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 Short term borrowings are not included in calculation of Net Debt.
Slide 22: Unique Presence Across Steel Value Chain
Unique Presence Across Steel Value Chain Asset Capacity FY24 Utilization (%) Asset Capacity FY24 Utilization (%) Iron Ore MS 0.4 MT 60% Mining 3.05 MT Rounds 76% Iron Ore 2.7 MT HB 0.10 MT 90% 81.50% Pellets 92% Wires Sponge Ferro 91,500T 0.594 MT 93% Alloys Iron 99.99% 79% Power Steel (Incl 0.525 M
Slide 23: Large Portfolio of Long-life Assets
Large Portfolio of Long-life Assets Pelletisation Plant Odisha – Ardent Steel Keonjhar: 0.8 mn MTPA Siltara Integrated Plant Chhattisgarh 3.3 mn MTPA Iron Ore Beneficiation 2.7 mn MTPA Iron Ore Pellets 0.594 mn MTPA Sponge Iron Bemetara, Chhattisgarh 0.525 mn MTPA Steel Billets 52MW HFAL Solar Power
Slide 24: Simplified Group Structure
Simplified Group Structure Associates JVs Godawari Power and Ispat Limited 37.85% 33.30% Ardent Steel Private Raipur Infrastructure Limited Company Limited 91.82% 100% 25.93% Hira Ferro Alloys Limited Godawari Energy Limited Chhattisgarh Captive Coal Mining Private 8.29% Limited 35.36% 78.96% 12.53%
Slide 25: 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 26: CSR Activities – Serving Society through Industry
CSR Activities – Serving Society through Industry Education , Health & Infrastructure
Slide 27: International & Domestic Tailwinds
International & Domestic Tailwinds International Market o Global iron ore prices surged to $144/t in Jan’2024 up from US$103/t at the start of the year and is currently at $115/t. China's import were strong as this year there were no explicit steel production cuts announced. At the same time, China'
Slide 28: Appendix
GODAWARI POWER & ISPAT APPENDIX Lite eed IL led
Slide 29: Board of Directors
Board of Directors Mr. Shashi Kumar (Chairman & Mr. BL Agrawal Mr Raj Kamal Bindal Independent Director) (Managing Director) (Independent Director) 4+ decades of experience; B.Sc. In 1st generation entrepreneur with MCOM, CA & MBA; 22 years experience in Mining Engineering; Advisor to almost 4 decad
Slide 30: Shareholding Pattern on 31st March 2024
Shareholding Pattern on 31st March’2024 Shareholding Pattern 31st March’24 Particulars No of Shares % of Total Sh. Promoter 8,60,04,908 63.26 36.74% Domestic Institutions 28,31,391 2.08 FPI 75,31,470 5.54 63.26% Non Institution 3,95,77,219 29.11 Total 13,59,44,988 100.00 Promoter Public
Slide 31: Past Operational Performance at a Glance…
Past Operational Performance at a Glance… Trend of Iron Ore Mining (mt) Trend of Pellet Production (mt) 2,616,500 2,595,953 1,933,250 2,399,500 2,438,950 2,312,888 2,256,550 1,580,850 1,999,150 1,547,384 2,307,075 1,841,050 1,532,200 1,495,100 1,699,920 1,579,693 1,657,629 902,550 619,620 326,358 1,
Slide 32: Past Operational Performance at a Glance (Ctd.)...
Past Operational Performance at a Glance (Ctd.)... Trend of Steel Production (mt) Trend of Silico Manganese - GPIL (mt) 16,492 16,152 16,444 479,800 13,772 14,178 350,865 325070 13,700 13,136 11,116 11,403 10,517 344,610 10,537 327,050 9,434 188,190 204,162 298,418 227,581 197,596 185,021 177,970 FY
Slide 33: Past Sales Realisations
Past Sales Realisations Iron ore Pellet Sponge Iron Steel Billets 30,418 12,390 33,804 49,512 7,798 31,746 10,171 28,681 43,427 43,937 9,017 9,409 18,277 8,607 7,872 20,964 31947 21,830 33,072 33,545 6,8097,091 18,934 19,736 20,645 29,493 27,720 28,590 16,678 16,897 22,689 5,067 5,365 4,360 13,310 1
Slide 34: GPIL Consolidated – Historical Profit & Loss
GPIL Consolidated – Historical Profit & Loss All figures in INR Crore Particulars FY24 FY23 FY22 FY21 FY20 FY19 FY18 Net Sales 5,455 5,753 5,399 3,958 3,289 3,322 2,527 Total Expenses 4,127 4,589 3,535 2,821 2,664 2,532 1,931 Other Income 98 104 29 3 5 6 9 EBITDA 1,328 1,164 1,864 1,137 629 795 606
Slide 35: GPIL Consolidated – Historical Balance Sheet
GPIL Consolidated – Historical Balance Sheet All figures in INR Crore Particulars FY24 FY23 FY22 FY21 FY20 FY19 FY18 Net Worth 4,554 3,947 3,442 2,108 1,503 1,336 1,084 Debt Long Term Debt 9 9 10 771 1,465 1,643 1,873 Short Term Debt 42 307 418 125 160 139 134 Other Long Term Liabilities 237 256 189
Slide 36: Thank You
Thank You Investor Relations Contact: Sana Kapoor Go India Advisors sana@GoIndiaAdvisors.com M:+91 81465 50469 Sheetal Khanduja Go India Advisors sheetal@GoIndiaAdvisors.com M:+91 97693 64166 Company Contact: Sanjay Bothra Chief Financial Officer (CFO) sanjay.bothra@hiragroup.com Godawari Power and
Godawari Power & Ispat — Q4 FY2024 Earnings Presentation on 6ix