Slide 1: Cover letter to stock exchanges
Date: 26th November, 2024 The Manager The Manager National Stock Exchange of India Limited BSE Limited Exchange Plaza, 5th Floor, Phiroze Jeejeebhoy Towers, Dalal Street Plot No. C-1, Block-G Mumbai- 400 001 Bandra Kurla Complex, Bandra (E) Scrip Code- 538562 Mumbai- 400 051 Symbol- SKIPPER Subject:
Slide 2: Seizing the Multi Decadal Opportunity - Investor Presentation November 2024
SEIZING THE MULTI DECADAL OPPORTUNITY Positioned to Power Growth in the Global Transmission sector INVESTOR PRESENTATION November 2024
Slide 3: Table of Contents
Table of Contents 1. Company overview 2. Key Strengths 3. Industry Overview ` 4. Growth Strategies 5. Financial Highlights 6. Annexures
Slide 4: Company Overview
Company Overview
Slide 5: Skipper at a Glance
Skipper at a Glance Multi-sectoral expertise 43+ India’s largest Amongst top 10 globally FY24 Revenue Mix manufacturer of in manufacturing of T&D 13.79% Engineering integrated T&D structures structures Infrastructure Years of Operations (based on FY24 capacity) (based on FY24 capacity) 67.98% 18.23%
Slide 6: Our Journey – a legacy of 4+ decades
Our Journey – a legacy of 4+ decades - Commissioned one of India’s largest Tower & Monopole Load Testing Station - Set up DSIR approved R&D Centre 2020 2024 - Commissioned our first Transmission line EPC - Secured 9 projects from project 400 KV Panchkula Patiala for PGCIL PGCIL, including 8 key - Di
Slide 7: Key Management
Key Management Whole Time Directors Sajan Kumar Bansal Sharan Bansal Devesh Bansal Siddharth Bansal Yash Pall Jain Chairman and Managing Director Director Director Director Director Independent Directors Mr. Ashok Bhandari Mrs. Mamta Binani Mr. Raj Kumar Patodi Mr. Pramod Shah Mr. Desh Raj Dogra Ind
Slide 8: Key Strengths
Key Strengths
Slide 9: Investment Highlights
Investment Highlights • India’s largest (top 10 globally) integrated T&D tower structures manufacturer • Experienced Promoter with 4 decades of expertise in the manufacturing business Market Leadership • One of the largest manufacturers of T&D structures with tower testing facilities to serve their
Slide 10: Diverse Product Portfolio (1/2)
Diverse Product Portfolio (1/2) We manufacture a range of Power Transmission structures, Telecom Towers, and Railway Electrification Infrastructure Engineering Infrastructure Power Transmission Railway Structures Power Distribution MS & High Tensile Tower EPC Telecom EPC Tower Poles Angles Monopoles
Slide 11: Diverse Product Portfolio (2/2)
Diverse Product Portfolio (2/2) Leading manufacturer of Polymer pipes and fittings, catering to both plumbing and agricultural sectors with expanding reach and strengthening market share. Polymer ✓ One of the largest manufacturer of ✓ Leveraging Economies of Scale in polymer pipes and fittings produ
Slide 12: Core Competencies in Manufacturing
Core Competencies in Manufacturing Integrate manufacturing facilities with advanced technology ✓ ✓ In-House Availability of Automated State-of-the-Art Products, Accessories, and Equipment Technical Services ✓ Value Optimization through ✓ Engineering and Design Single location plant leading Excellenc
Slide 13: Manufacturing Value Chain
Manufacturing Value Chain Our Value Chain Scale & Size Steel Billets & blooms as Wire Rod as Input input Strategic location Manufacture MS & HT Manufacture Bolts & Manufacture D-shackles & Angles Nuts Hangars Backward integration Competitive Advantage Fabricate & Galvanize Complete EPC Line Construc
Slide 14: Powering growth through R&D
Powering growth through R&D Leading through innovation • We have strengthened our innovation capabilities backed by our Tested towers & monopoles talented designing and R&D teams. • In-house research & development Centre - Howrah, West Bengal 765 kV D/C 500 kV D/C 220 kV Tower Tower D/C Tower • DSIR
Slide 15: Strong Global presence
Strong Global presence Exporting to 19.37% 50+ countries FY24 Export contribution to Revenue 26.14% 9,874.40 mn FY22-FY24 Export Revenue Share of Exports in H1FY25 Africa South America Middle East South and SE Asia CAGR Orderbook (Rs mn) 18 9 7 9 North America Oceania Europe 3 2 6 We are focused on
Slide 16: Industry Overview
Industry Overview
Slide 17: Power T&D Lines a Multi Decadal Opportunity
Power T&D Lines a Multi Decadal Opportunity Addition of 7.4 mn of transmission lines Global grid investment to nearly double in Asia pacific and North America continue to hold globally till CY50 next 5 years lion’s share with 70% of total investments Region wise split of CY24-29 investment (USD 3,05
Slide 18: Power T&D super-cycle underway in India
Power T&D super-cycle underway in India ➢ The GOI (combined NEP + State) to add 1.15 lakh ckm of lines in the period FY22-27 and 0.77 lakh ckm of Rs 9.2 tn lines during FY27-32 NEP Capex outlay during ➢ Additionally, 33 GW of HVDC Bipole links are in the process of planning FY22–32 on High Voltage ➢
Slide 19: Strong tailwinds in Telecom and Railway sector
Strong tailwinds in Telecom and Railway sector Telecom sector in India - 2nd largest Telecom market in the world Growth Drivers for Telecom sector ➢ 2nd largest Telecom market in the world with a subscriber base of ~1.18 bn ➢ Internet penetration up 75% as of CY24 (CY20 -54%) , to reach 86% by CY28
Slide 20: Polymer sector outlook
Polymer sector outlook In India’ CPVC pipes market grow > 2x by CY29rivers Key Growth Drivers Drivers ✓ Government Infrastructure Initiatives 799 • Jal Jeevan Mission to provide tap water connections to all rural households by 2024 251 • AMRUT for sustainable urban development 480 • Housing for All
Slide 21: Key Strategies
Key Strategies
Slide 22: Inflection Point with Growth Ahead
Inflection Point with Growth Ahead Well-positioned to capture long-term industry tailwinds and to be a proxy play on China +1 theme for export markets Focus on strengthening EHV Market share through capacity expansion and focus on R&D initiatives Skipper is well positioned to seize the multi - decad
Slide 23: Financial Highlights
Financial Highlights
Slide 24: Key Performance highlights
Key Performance highlights Rs in mn Revenue EBITDA & Margin PAT & Margin Rs in Mn CAGR CAGR 37.96% CAGR 38.66% 80.21% 9.72% 9.73% 9.86% 32,820.43 9.83% 3,194.34 1.80% 2.49% 2.97% 22,014.81 816.65 19,803.00 2,171.00 1.47% 17,070.80 1,925.48 653.54 1,678.30 355.66 251.47 FY22 FY23 FY24 H1FY25 FY22 FY2
Slide 25: Order Book Highlights
Order Book Highlights Geographical Breakup 65,900.40 24,250.82 16,598.72 Orderbook as of Sep Order Inflows in H1FY25 New Orders in Q2FY25 2024 (Rs mn) (Rs mn) (Rs mn) Export 14.98% Domestic 85.02% ✓ ✓ ✓ Share of non-T&D Domestic contracts International products, including from PGCIL and contracts ac
Slide 26: Order Inflow Trend
Order Inflow Trend H1 FY25 Total Inflow – Rs 24,250.82 mn Achieved highest ever order Trail 12M Total Inflow – Rs 39,672.15 mn inflow for any quarter 28,638.99 FY’24 - Secured highest ever annual order inflow of Rs 42,855.75 mn Rs mn 16,598.72 Consistently clocked inflows in excess of 15,286.21 Rs 4
Slide 27: Environmental, Social and Governance (ESG)
Environmental, Social and Governance (ESG) ➢ Installed 90 KLD capacity STP to promote water conservation and explore opportunities for reusing of treated sewage water. Specially designed engineered bacteria have been used for treatment of generated sewage ➢ Encapsulated GI process with integrated AP
Slide 28: Recognition
Recognition Recognized Great place to work 3 years consecutively AWARD: THE LARGEST TOWER SUPPLIER AWARD: AWARD: AWARD: FOR 3rd CONSECUTIVE YEAR EMERGING POWER EPC GLOBAL HR EXCELLENCE NO. 1 EMERGING BRAND GIVEN BY: PLAYER GIVEN BY: EPC GIVEN BY: IN POLYMER PIPES & POWER GRID CORPORATION WORLD WORLD
Slide 29: Annexures
Annexures
Slide 30: About Us
About Us Vision Mission To produce quality 1 2 3 4 5 products ensuring robust To continue to To continue to To continue to To ensure the To reduce carbon National Infrastructure add value-added focus on sectors tap newer greater scale and footprints, and development and making products and of power
Slide 31: Skipper Pipes – 100% Lead Free Campaign
Skipper Pipes – 100% Lead Free Campaign • Awarded the Green Pro Certification by CII-IGBC (Indian Green Building Council). Skipper Pipes have been certified with highest standard of NSF 14. Investor Presentation | Nov 2024 30
Slide 32: Social and Environment Initiatives (1/2)
Social and Environment Initiatives (1/2) Skipper cares Our company's journey towards contributing to society began long ago, and we have always believed that it's an integral part of our ecosystem. To ensure that our efforts are focused and effective, we have developed a CSR Framework in line with S
Slide 33: Social and Environment Initiatives (2/2)
Social and Environment Initiatives (2/2) Investor Presentation | Nov 2024 32
Slide 34: Importance of New Transmission lines for Renewables
Importance of New Transmission lines for Renewables New transmission lines are a crucial part of our renewable energy future – They ensure reliable, efficient and widespread renewable power supply Resource Location Energy Reliability Grid Integration Capacity Expansion ✓ Many renewable sources are i
Slide 35: Consolidated Profit & Loss
Consolidated Profit & Loss Rs in mn Sl Particulars FY22 FY23 FY24 H1 FY25 1 Revenues 17,070.80 19,803.00 32,820.43 22,014.81 2 Reported EBITDA 1,678.30 1,925.48 3,194.34 2,171.00 EBITDA Margins (%) 9.83% 9.72% 9.73% 9.86% 3 (+) Other Income 40.12 53.17 85.95 67.32 4 (-) Depreciation 484.92 467.80 52
Slide 36: Consolidated Balance Sheet
Consolidated Balance Sheet Rs in mn Assets FY22 FY23 FY24 H1 FY25 Equity and Liabilities FY22 FY23 FY24 H1 FY25 Non-Current Assets Equity Equity Share Capital 102.67 102.67 105.24 105.24 Fixed Assets (Incl. CWIP) 6,709.31 7,041.05 7,653.99 8,099.56 Other Equity 7,218.64 7,571.46 8,870.96 9,504.50 Ot
Slide 37: Segment Report
Segment Report Rs in mn Segment Profit & Loss Summary FY22 FY23 FY24 H1 FY25 Net Sales 13,218.48 15,238.54 22,310.42 16,742.55 Engineering Products EBITDA 1,607.92 1,718.34 2,595.44 1,877.19 EBITDA margin (%) 12.16% 11.28% 11.63% 11.21% Net şales 3,200.21 4,059.49 4,526.38 1,993.72 Polymer Products
Slide 38: Disclaimer
DISCLAIMER This presentation (“Presentation”) does not constitute a prospectus, a statement in lieu of a prospectus, an offering circular, an advertisement, an offer document or an offering memorandum, under the Companies Act, 2013, the Securities and Exchange Board of India (Issue of Capital and Di