Slide 1: Investor Presentation Q2 & H1FY23
Investor Presentation Q2 & H1FY23 November 2022 1
Slide 2: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Cords Cable Industries Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for an
Slide 3: Q2 FY23 Performance Snapshot
Q2 FY23 Performance Snapshot Revenue Gross Profit ₹ 131.7 Crores ₹ 27.3 Crores EBITDA EBITDA Margin ₹ 9.5 Crores 7.2% EBIT PAT ₹ 7.9 Crore ₹ 1.7 Crore 3
Slide 4: H1 FY23 Performance Snapshot
H1 FY23 Performance Snapshot Revenue Gross Profit ₹ 254.9 Crores ₹ 50.8 Crores EBITDA EBITDA Margin ₹ 18.6 Crores 7.3% PAT Order Book (As on 31st Oct 2022) ₹ 3.5 Crore ₹ 177.7 Crores 4
Slide 5: Q2 FY23 Financial Performance
Q2 FY23 Financial Performance Revenue (Rs. Crs.) EBITDA (Rs. Crs.) +24% -5% 123.2 131.7 10.0 9.5 9.1 106.0 Q2FY22 Q1FY23 Q2FY23 Q2FY22 Q1FY23 Q2FY23 EBITDA Margin % PAT (Rs. Crs.) +13% 9.4% 1.7 1.7 1.5 7.4% 7.2% Q2FY22 Q1FY23 Q2FY23 Q1FY22 Q1FY23 Q2FY23 5
Slide 6: H1 FY23 Financial Performance
H1 FY23 Financial Performance Revenue (Rs. Crs.) EBITDA (Rs. Crs.) +31% -4% 254.9 19.4 18.6 194.4 H1FY22 H1FY23 H1FY22 H1FY23 EBITDA Margin % PAT (Rs. Crs.) +16% 10.0% 3.5 3.0 7.3% H1FY22 H1FY23 H1FY22 H1FY23 6
Slide 7: Order Book Details
Order Book Details Order Book Break- Up Water, 12.2% Hydrocarbons FMCG & Industry Sector, 1.7% Total Order book of ~Rs. 177.7 Crores as on 31st October 2022 Fertilizers & Chemicals, 1.2% Metro & Freight corridors Power Cement, Metals, 15.8% Cement, Metals Hydrocarbons, 58.1% Order book to be execute
Slide 8: Q2 & H1FY23 Profit & Loss Statement
Q2 & H1FY23 Profit & Loss Statement Particulars (Rs. Crs.) Q2FY23 Q2FY22 YoY Q1FY23 QoQ H1FY23 H1FY22 YoY Revenue 131.7 106.0 24% 123.2 7% 254.9 194.4 31% Cost of Goods Sold 104.4 81.5 99.7 204.1 148.2 Employee Expenses 6.2 5.6 5.7 11.9 10.6 Other Expenses 11.7 8.9 8.6 20.3 16.1 EBITDA 9.5 10.0 -5%
Slide 9: Balance Sheet as on 30th September 2022
Balance Sheet as on 30th September 2022 Particulars (Rs. Crs.) Sep-22 Mar-22 Particulars (Rs. Crs.) Sep-22 Mar-22 ASSETS EQUITY & LIABILITIES Non-current assets 95.4 96.5 Equity 155.5 152.1 Property, plant and equipment 63.3 64.8 Equity Share capital 12.9 12.9 Capital Work-in Progress 6.3 5.6 Other
Slide 10: Debt Profile
Debt Profile Debt Structure as on 30th Sept - 22 Q2FY23 Finance Cost Break up Rs. Crs. 2.02 0.12 5.48 20% 0.74 0.55 0.51 1.54 80% Cash Credit Interest on Suppliers Bank Discounting Preference Total Interest Term Loan Interest Charges^ & Factoring* Dividend Term Loans Working Capital Loans ^ Bank Cha
Slide 11: About the Company
About the Company 11
Slide 12: A Specialized Control and Instrumentation Cable Company
A Specialized Control and Instrumentation Cable Company CORDS in a Nutshell 95% of our orders are based on customer specifications 74% of our cables constitute Instrumentation & Control Cables and 26% is Power Cables We have approvals from large public sector as well as private customers Current Cap
Slide 13: Speciality Cables: Wide Range of Products to Multiple Industries
… offering Wide Range of Products to Multiple Industries Fieldbus Cables EPR Cables Special Cables for Oil & Gas Instrumentation Cables Special Cables for Water Desalination Silicon Rubber Cables Thermocouple Cables Fire Survival Cables Control Cables Speciality Cables Low Smoke Halogen Free Cables
Slide 14: A Diverse Portfolio of Products
… with a Diverse Portfolio of Products Application Thermocouple ✓ Used to extend thermocouple circuits from the sensor to Cables reference unit Sales Composition Application ✓ Control Cables: Used in interconnection of process control, Control & Electrical communication and panel control systems Wir
Slide 15: Constant Innovation: Special Cables
… bringing Constant Innovation Fire retardant low smoke Railway jelly field Quad Cables Cables Field Bus Cables Fire Survival Cables Silicon Rubber Cables EPR Cables Special Water Desalination Cables cables Low Temperature Cables Eurobaslise Railway Safety Cables Oil & Gas Cables Low smoke zero Halo
Slide 16: Focus on Quality
… with Focus on Quality Consistent Quality check at every stage Garnered a name for Quality Test Labs | Customer Interface | Quality Customer Product Design |Choice of Vendors| Checks Centric ✓ Customer service Manufacturing Process |Human Resource ✓ Timely deliveries Development | Customer service
Slide 17: Experienced Management Team
… Experienced Management Team Naveen Sawhney Chairman & MD A Mechanical Engineer and a PG Diploma in Marketing Management. Has an experience of over 45 years in the Cables Industry. His Vast experience, long-term vision, entrepreneurial abilities & strategic planning have led the Company towards gro
Slide 18: Strong Core Values
… with Strong Core Values Honour Commitments Consistently maintain High Quality Strive for long-term relations and partnerships with customers, vendors and business associates Focus on product-development based on ever-changing needs of our customers Ensure Dignity of Labour Advancement in Technolog
Slide 19: Long Term Customer Relationship
… Long Term Customer Relationship Domestic International Over 20 years of Relationship 19
Slide 20: State of the Art Manufacturing Facilities
… State of the Art Manufacturing Facilities Chopanki & Kahrani Chopanki Unit ❖ Capacity of ~30,000 Kms ❖ Manufactures LV Power, Rajasthan Instrumentation, Control & Speciality cables Kahrani Unit ❖ Capacity of ~35,000 Kms ❖ Manufactures Control, Instrumentation, Fieldbus, PV Solar, EPR Insulated & o
Slide 21: Certifications & Client Approvals
… Certifications & Client Approvals ❖ Manufacture cables conforming Type Tested by Major Approvals to International standards such as: EN, BS, IEC, VDE ❖ Hold BIS certification for all types of cables conforming to IS:1554(1)/1988 and IS:694-90 ❖ Quality Management System is ISO 9001:2008 Certified
Slide 22: Key Beneficiary of Modernisation and Upgradation of India
Key beneficiary of Modernisation and Upgradation of India Renewable Power Freight Corridor Oil & Gas FMCG Smart Cities Ferrous & non Ferrous Metals Transmission & Distribution Metro Rail Refineries Chemicals Cement LPG Bottling Nuclear & Thermal Power Airport Development Water Desalination Fertilise
Slide 23: Dominance to Grow Beyond the Industry
… Dominance to grow beyond the Industry Domestic Wires & Cables industry volumes (Volumes in Mn Kms.) Sectors Driving Increase in Demand 23.0 20.0 ❖ Hydrocarbon Sector 17.5 14.0 15.0 12.0 ❖ Airport Modernization ❖ Freight Corridor Projects FY20 FY21 FY22 FY23E FY24E FY25E ❖ Metro Rail Projects India
Slide 24: Supported by Technologically Advanced Facilities
Supported by Technologically Advanced Facilities Chopanki Unit Kahrani Unit 24
Slide 25: Capabilities to Double the Production
With the Capabilities to Double the Production Key initiatives leading to strong With Cords leadership in Cable Space Industrial growth Low Investment for growth ✓ Emphasis on Quality ✓ Valued long term Client Relationships ✓ Current Capacity is ~65,000 Kms p.a. ✓ Indian Wire & Cables industry ✓ Div
Slide 26: Segmental Revenue Highlights
Segmental Revenue Highlights Revenue Contribution Metros & Freight Corridors Hydrocarbons Power Sector 11% 69% 67% 28% 66% 54% 8% 19% 17% 6% 36% 5% 5% 11% 6% FY18 FY19 FY20 FY21 FY22 FY18 FY19 FY20 FY21 FY22 FY18 FY19 FY20 FY21 FY22 26
Slide 27: Approvals from esteemed clients (1/2)
Approvals from esteemed clients (1/2) Approved vendor for RDSO (Research Design & Standards Organization) under Government of India – Ministry of Railways ▪ This approval enables the company to offer "Underground Railway Jelly Filled Quad Cable for Signalling & Telecom Installations” to the Indian R
Slide 28: Approvals from esteemed clients (2/2)
Approvals from esteemed clients (2/2) Approval from Abu Dhabi National Oil Company Approval from Samsung Engineering Co. Ltd. [ADNOC] ▪ Registered as a Prequalified supplier for their International orders ▪ Registered & Prequalified with ADNOC and Arabian Gulf ▪ This Global level Approval is for 5 y
Slide 29: Consistent Performance over the years
Consistent Performance over the years Revenue (Rs. Crs) EBITDA (Rs. Crs) 416.7 420.9 438.0 41.6 39.2 38.2 365.4 35.5 34.7 323.4 FY18 FY19 FY20 FY21 FY22 FY18 FY19 FY20 FY21 FY22 PAT (Rs. Crs) Margins % 10.7% 9.7% 9.4% 9.9% 10.7 8.7% 7.4 6.3 6.4 1.7% 1.8% 2.5% 4.4 1.3% 1.5% FY18 FY19 FY20 FY21 FY22 F
Slide 30: Cords Cable Industries Limited contact details
Cords Cable Industries Limited Strategic Growth Advisors Pvt. Limited CIN: L74999DL1991PLC046092 CIN: U74140MH2010PTC204285 Mrs. Garima Pant, Company Secretary Mr. Abhishek Shah csco@cordscable.com abhishek.shah@sgapl.net +91 99306 51660 Mr. Sandeep Kumar, CFO sandeep@cordscable.com Mr. Vatsal Shah