Steelcast Ltd. · NSE:STEELCAS
Steelcast — Q1 FY2023 Earnings Presentation
28 slides from Steelcast's earnings presentation, Aug 4, 2022
Slide 1: Covering letter to stock exchanges
AC/2079 04.08.2022 The Secretary, National Stock Exchange of India Limited, BSE Limited, Exchange Plaza, 5th Floor, Phiroze Jeejeebhoy Towers, Plot No.C/1, G Block, Dalal Street, Bandra-Kurla Complex, MUMBAI - 400 001 Bandra (E), Mumbai - 400 051 Scrip Code: 513517 Scrip Symbol: STEELCAS Dear Sir/Ma
Slide 2: Investor Presentation – Q1FY23
Investor Presentation – Q1FY23
Slide 3: Safe Harbor
Safe Harbor This presentation has been prepared by and is the sole responsibility of Steelcast Limited (the “Company”). By accessing this presentation, you are agreeing to be bound by the trailing restrictions. This presentation does not constitute or form part of any offer or invitation or induceme
Slide 4: Q1FY23 Financial Performance
Q1FY23 Financial Performance 3
Slide 5: Q1FY23 (Y-o-Y) Highlights
Q1FY23 Performance Highlights Q1FY23 (Y-o-Y) Highlights Revenue 120% Robust revenue and profitability growth was on the back of strong orderbook from customers across all industry and was driven by good 115.6 Crs volumes and better operational efficiencies Revenue from Operations for Q1FY23 is Rs.11
Slide 6: Q1FY23 Consolidated Key Highlights
Q1FY23 Consolidated Key Highlights Revenue (Rs. in Crs) EBIDTA (Rs. in Crs) PAT (Rs. in Crs) +92% +103% +180% 302.0 63.7 33.3 157.7 167% 120% 108% 31.4 14.1 115.6 24.1 11.9 52.6 11.6 5.3 Q1FY22 Q1FY23 FY21 FY22 Q1FY22 Q1FY23 FY21 FY22 Q1FY22 Q1FY23 FY21 FY22 5
Slide 7: Geographical Revenue growth (Y-o-Y)
Geographical Revenue growth (Y-o-Y) Exports Domestic +100 bps -100 bps 60.0% 61.0% 40.0% 39.0% Q1FY22 Q1FY23 Q1FY22 Q1FY23 6
Slide 8: Revenue Breakup (Q1FY23)
Revenue Breakup (Q1FY23) Segment-wise Revenue (%) Geography-wise Revenue (%) 1.0% 39.0% Total Total revenue revenue Rs. Rs. 116 Cr 116 Cr 61.0% 99.0% OEM Sales Domestic Replacement Market Exports 7
Slide 9: Quarterly Profit & Loss Statement
Quarterly Profit & Loss Statement Particulars (Rs.Crs ) Q1 FY23 Q1 FY22 Y-o-Y Q4 FY22 Q-o-Q FY22 Revenue from Operations 115.6 52.6 119.8% 93.0 24.3% 302.0 Cost of Materials consumed 28.5 15.2 26.8 95.0 Changes in Inventories of finished goods & work in progress 7.9 -3.7 -2.7 -26.9 Manufacturing Exp
Slide 10: Balance Sheet Ratios
Balance Sheet Ratios Long term Debt (Rs. Crs.) Short term Debt (Rs. Crs) Debt to Equity 70 28 Due to increase in 63 0.91 business activity Repaid entire LT debt 14 13 0.45 25 0.40 9 17 0.25 14 0.18 0 Mar-18 Mar-19 Mar-20 Mar-21 Mar-22 Mar-18 Mar-19 Mar-20 Mar-21 Mar-22 Mar-18 Mar-19 Mar-20 Mar-21 Ma
Slide 11: Company Overview
Company Overview 10
Slide 12: Company Overview
Company Overview One of the few companies in India and Globally manufacturing Steelcastings based on Sand and Shell Casting Process Premier Position Diverse Industrial Sectors Catering to diverse Industrial sectors like Earth Moving, Company enjoys a Premier Position in the Steel Casting Mining & Mi
Slide 13: Key Strengths
Key Strengths Experienced Board back by a strong management team Diversified Business Model, catering to varied sectors Well Experienced Unique Business Team Model Strong R&D and Technological Capabilities. These also are entry barriers in the Recognitions & Technology business Certifications and R&
Slide 14: Diversified Business Model catering to Varied Industries
Diversified Business Model catering to Varied Industries Existing Segments* Mineral Processing Earth Moving Industry Mining Steel Plants Cement Construction Industry Foray into New Segments Railways Electro Locomotive Ground Engaging Tools (GETs) 13 * Business done is with all OEMs
Slide 15: Focus on Research & Development…
Focus on Research & Development… Cost Reduction De-Sulphorise and De-Phosphorise • R&D team constantly involved in Cost • Our R&D Team has developed successfully a process to reduction techniques and activities De-Sulphorise and De-Phosphorise the liquid metal In Induction Furnace Product Developmen
Slide 16: … with continuous Technology Upgradation
… with continuous Technology Upgradation State of the Art mechanical and thermal reclamation Plants for ensuring consistent quality of mold backing and facing sand; one of 1 vital element for producing quality castings, at both the plants Benefits from newer Processes & Conversion of all heat treatm
Slide 17: Locational Advantage
Locational Advantage Situated in Bhavnagar, Gujarat, which is a power Skilled manpower is easily available with surplus state minimal labor cost Availability of Natural Gas by Gujarat Gas Company’s own 66KV power transmission Limited for all fuel requirements through pipeline station with 10MW power
Slide 18: Best in Class Manufacturing Capabilities…
Best in Class Manufacturing Capabilities… Company manufactures steel casting products by adopting sand-based manufacturing process by using No Bake and Shell Molding techniques Capacity expansion to 30,000 MTPA from 13,000 MTPA and simultaneously upgraded its production processes and introduced newe
Slide 19: … with focus on Design & Engineering
… with focus on Design & Engineering Design & Engineering No Bake Molding Shell Molding Process Heat Treatment In house magma software for pouring Fully automated flaskless molding line with • Use resin coated quartz sand • Battery of Gas fired furnaces having capacities of 3 to 5 simulation pro eng
Slide 20: State of Art Manufacturing Facilities
State of Art Manufacturing Facilities P1 P2 P5 12,000 tonnes per annum 6,000 tonnes per annum 12,000 tonnes per annum Process Type : Sand Molding - Process Type : Sand Molding - Mold box Process Type : Shell Molding (Corning) Automated loop line and Flask less Molding based molding facility Process
Slide 21: Presence across the Globe
Presence across the Globe Denmark South Korea Germany USA China Japan India - Headquartered Mexico Thailand Singapore Brazil Australia Export Presence “Two-Star Export House Status holder” Expected to increase the presence 15+ countries in the next 5 years Disclaimer: Map not to scale. All data, inf
Slide 22: Recognitions & Certifications
Recognitions & Certifications 1st Steel Foundry in India to get ISO:9002 An EN 9100:2018 certified by TUV NORD, Certification Germany (for Aerospace). An ISO:9001-2015 Company certified by TUV Class A approved foundry by Ministry of NORD, Germany (for Quality) Railways, India An ISO:14001-
Slide 23: Recognitions & Certifications (contd…)
Recognitions & Certifications (contd…) Company’s Products, Processes, Safety Standards and Environment Friendly Mechanism meets with Global standards and certification Recipient of Recipient of Award for Shri Laxmanrao achieving Highest Approved Foundry Kirloskar Best Foundry Rating in the ranking o
Slide 24: Experienced Board of Directors
Experienced Board of Directors Mr. Chetan M. Tamboli, Managing Director & CEO • Aged 60 years, a third-generation entrepreneur, is a commerce graduate armed with an MBA Finance from USA • Serving as a CEO since 2003 with total experience of more than 30 years. Looks after strategy, policy making and
Slide 25: Future Strategy
Future Strategy 24
Slide 26: Clear Focus on De-Risking Business
Clear Focus on De-Risking Business Strategy for THEN NOW Steelcast 2.0 De-Risking Business Strategies Capacity Expansion 13,000 MTPA 30,000 MTPA Focus to reduce concentration to a particular segment No. of Parts manufactured 104 300+ No. of Customers 11 42 Company will be focusing on railroad indust
Slide 27: Rationalization Measures
Rationalization Measures Product Development Business Development Initiated a rationalization plan since last 2 years 25 years PPA signed for solar & wind hybrid Reduced manpower cost per unit by Company to set up 5 MW Solar Power Plant power project which will bring considerable increasing producti
Slide 28: THANK YOU
THANK YOU Company: CIN: L27310GJ1972PLC002033 Name: Mr. Subhash Sharma, CFO Email ID: ss@steelcast.net Investor Relations Advisors: Mr. Rajesh Agrawal Mr. Faraz Ahmed +91 9967491495 +91 9619705150 rajesh.agrawal@linkintime.co.in faraz.ahmed@linkintime.co.in 27