Welspun Corp Limited · NSE:WELCORP
Welspun — Q2 FY19 Earnings Presentation
12 slides from Welspun's earnings presentation, November 2018
Slide 1: World's Leading Line Pipe Manufacturer
Welspun Corp Ltd (WCL) World’s Leading Line Pipe Manufacturer Investor Presentation Q2 FY19
Slide 2: Safe Harbour
SAFE HARBOUR This presentation and the accompanying slides (the “Presentation”), which have been prepared by Welspun Corp Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securit
Slide 3: Orderbook Trend (including Saudi Arabia operations)
ORDERBOOK TREND (including Saudi Arabia operations) Buoyancy across major markets has led to all time high Order book Order Book trend QoQ KMT Highest Ever 1721 Order Book 1657 1602 1279 936 Valued @ 700 661 632 USD 2.05 bn 267 423 318 304 254 254 212 293 Q2 17-18 Q3 17-18 Q4 17-18 Q1 18-19 Q2 18-19
Slide 4: Orderbook Analysis (including Saudi Arabia operations)
ORDERBOOK ANALYSIS (including Saudi Arabia operations) Order book by Region Order book by Type (KMT) (KMT) 1,721 1,602 1,721 1,602 124 326 170 292 379 524 661 661 1,307 1,519 92 359 932 871 359 160 142 210 125 78 Q2FY18 Q1FY19 Q2FY19 Q2FY18 Q1FY19 Q2FY19 ROW Americas Saudi Arabia ERW HSAW LSAW Note:
Slide 5: Financial Highlights Q2FY19
FINANCIAL HIGHLIGHTS Q2FY19 135 Cr Rs. 23,547 mn 17% YoY 135 Cr Rs. 2,385 mn 7% YoY Operating Profit Operating Profit Income from Operations EBITDA 135 Cr Rs. 587 mn 41% YoY 135 Cr Rs. 3,947 mn vs. Rs 4,756 mn Operating Profit in Q1FY19Profit Operating PAT Net Debt Note: * Excludes Saudi Arabia oper
Slide 6: Q2FY19 Operating Performance
Q2FY19 OPERATING PERFORMANCE Pipe production Plate/ Coils production (KMT) (KMT) 276 271 100 65 EBITDA/Ton for Pipes (Rs. ‘000) Q2FY18 Q2FY19 Q2FY18 Q2FY19 8.4 6.7 Pipe sales Plate/ Coils sales (KMT) (KMT) Q2FY18 Q2FY19 273 260 92 63 Q2FY18 Q2FY19 Q2FY18 Q2FY19 Note: All numbers on this page exclude
Slide 7: Healthy Balance Sheet to Support Growth
HEALTHY BALANCE SHEET TO SUPPORT GROWTH Net debt was reduced by INR 6,098 mn YoY Gross debt as on 30 Sep 2018 increased marginally by INR 373 mn YoY YoY Improvement on Net Debt/EBIDTA and Net debt/ Equity ratios Rs mn 30-Sep-17 31-Mar-18 30-Jun-18 30-Sep-18 Gross Debt 14,489 13,864 14,333 14,8
Slide 8: Net Working Capital Under Control
NET WORKING CAPITAL UNDER CONTROL IND AS Basis 48 30 32 Days Days Days 115 98 98 83 55 54 Inventory Debtors Creditors -133 -123 -138 Q2FY18 Q1FY19 Q2FY19 *Includes Debtors + Inventory – Creditors
Slide 9: Sales Volume Break-up
SALES VOLUME BREAK-UP Q2FY19 Pipe Sales Volume : 304 KMT (including Saudi Arabia operations – 44KMT) 14% 15% 25% 49% 37% 61% LSAW HSAW ERW India US Saudi Arabia Sales by Type Sales by Plant
Slide 10: Consolidated Profit & Loss – Q2 YoY
Consolidated Profit & Loss – Q2 YoY Rs mn Q2 FY18 Q2 FY19 Income from operations 20,060 23,547 EBIDTA 2,226 2,385 Depreciation/Amortization 980 954 Finance Cost 535 507 Profit before tax and share of JVs 711 924 Tax 150 43 Non-Controlling interest (14) (28) Share of Profit/ (Loss) from JVs (157) (32
Slide 11: Consolidated Profit & Loss – H1 YoY
Consolidated Profit & Loss – H1 YoY Rs mn H1 FY18 H1FY19 Income from operations 36,242 43,781 EBIDTA 4,924 4,582 Depreciation/Amortization 1,937 1,912 Finance Cost 1,068 931 Profit before tax and share of JVs 1,919 1,739 Tax 597 149 Non-Controlling interest (49) (59) Share of Profit/ (Loss) from JVs
Slide 12: Thank You
THANK YOU Welspun Corp Limited CIN: L27100GJ1995PLC025609 Mr. Harish Venkateswaran harish_venkateswaran@welspun.com www.welspuncorp.com