Pitti Engineering Ltd. · NSE:PITTIENG
Pitti Engineering — Merger or Acquisition (June 2023)
21 slides from Pitti Engineering's merger presentation, Jun 15, 2023
Slide 1: Stock exchange filing cover letter
15th June 2023 To To BSE Ltd National Stock Exchange of India Limited Floor 25, P J Towers, Dalal Street Exchange Plaza, Bandra Kurla Complex Mumbai – 400 001 Bandra (E), Mumbai – 400 051 Scrip Code: 513519 Scrip Code: PITTIENG Dear Sirs, Sub: Regulation 30 of SEBI (Listing Obligations and Disclosur
Slide 2: Investor Presentation on the Proposed Scheme of Amalgamation
Pitti Engineering Limited INVESTOR PRESENTATION ON THE PROPOSED SCHEME OF AMALGAMATION
Slide 3: Disclaimer
Disclaimer The contents of this document are for your information only and are intended to provide an overview of the material aspects of the proposed transaction. This document does not purport to provide all and complete details, as may be required to make a full analysis of the proposed transacti
Slide 4: Pitti Engineering Limited – Business Philosophy
Pitti Engineering Limited – Business Philosophy As part of our larger vision, we continue to focus on remodelling our strategic framework that focuses on building a differentiated product by understanding the needs of the customers and adding value to our product thus creating a new market for the s
Slide 5: Agenda
Agenda 01 02 03 Company Profile Transaction Overview Steps & Indicative Timelines 04 05 Advisors Abbreviations PITTI ENGINEERING LIMITED 4 @2023
Slide 6: Agenda
Agenda 01 02 03 Company Profile Transaction Overview Steps & Indicative Timelines 04 05 Advisors Abbreviations PITTI ENGINEERING LIMITED 5 @2023
Slide 7: Pitti Engineering Limited – Company Profile
Pitti Engineering Limited – Company Profile Key Product Lines Sales and Distribution Network - INDIA Sheet Metal Precision Machining Assemblies 39 11 Years of Industry Regions Served Specifications Specifications Specifications experience o Sheet metal laminations o Equipped with fabrication facilit
Slide 8: Pitti Castings Private Limited – Company Profile
Pitti Castings Private Limited – Company Profile Company Background Some Products Manufactured Pitti Castings Private Limited was incorporated in 2011. The Company is engaged in the manufacturing Sheet Metal of high-quality Precision casting in grey Machining iron, ductile iron, low carbon and a
Slide 9: Pitti Castings Private Limited – Company Profile
Pitti Castings Private Limited – Company Profile PCPL has set up a World Class, Eco- Eco-Friendly, and State- State-of- of-the- the- art Foundry, with a team of qualified technical professionals, man manufactures High Quality Castings in Ductile Iron, Grey Iron and Low Carbon, High Manganese / High
Slide 10: Agenda
Agenda 01 02 03 Company Profile Transaction Overview Steps & Indicative Timelines 04 05 Advisors Abbreviations PITTI ENGINEERING LIMITED 9 @2023
Slide 11: Transaction Overview
Transaction Overview Proposed Transaction Resultant Structure Public Promoter Group Public Promoter Group 40.71% 59.29% 38.11% 61.89% Pitti Engg Pitti Engg Proposed Equity – 3.28% Merger RPS - INR 12.33 Cr (100%) Equity – 96.72% PCPL Key Notes: 1. Redeemable Preference Shares and Equity Shares of PC
Slide 12: Key Highlights - PCPL
Key Highlights - PCPL Capacity Utilisation 10,000 70.0% 9,000 8,071 7,990 7,624 60.0% Capacity utlised in MT 8,000 Capacity utilised (%) 7,000 56.0% 55.5% 50.0% 52.9% 6,000 40.0% 5,000 4,000 30.0% 3,000 20.0% 2,000 10.0% 1,000 - 0.0% FY21 FY22 FY23 Capacity utilised Capacity utilisation % • Revenue
Slide 13: Transaction Rationale
Transaction Rationale Broaden its footprint across the supply chain Vertical Integration of Business Enhanced control over the supply and inventory management of its raw materials Diversification of business with access to a new set of Improved Customer Access customers (domestic and internationa
Slide 14: Transaction Summary
Transaction Summary Transaction ► Merger of PCPL and PRECL with Pitti Engineering Limited Overview ► Shareholders of PCPL to receive shares of Pitti Engineering Limited ► Appointed Date for the Scheme – 01st April 2023 Appointed Date ► Accounting for the merger to be done based on the applicable acc
Slide 15: Agenda
Agenda 01 02 03 Company Profile Transaction Overview Steps & Indicative Timelines 04 05 Advisors Abbreviations PITTI ENGINEERING LIMITED 14 @2023
Slide 16: Steps & Indicative Timelines
Steps & Indicative Timelines June 2023 July Aug Sep Oct Nov Dec 2023 Jan 2024 Feb March April May June Board Approval Filing of scheme with Stock Exchanges Receipt of Stock Exchanges approval and filing with NCLT Filing with NCLT Shareholders / creditors meeting NCLT / other regulatory process NCLT
Slide 17: Agenda
Agenda 01 02 03 Company Profile Transaction Overview Steps & Indicative Timelines 04 05 Advisors Abbreviations PITTI ENGINEERING LIMITED 16 @2023
Slide 18: Advisors
Advisors Transaction and Diligence Advisors Independent Valuers Fairness Opinion Provider Legal Advisor PITTI ENGINEERING LIMITED 17 @2023
Slide 19: Agenda
Agenda 01 02 03 Company Profile Transaction Overview Steps & Indicative Timelines 04 05 Advisors Abbreviations PITTI ENGINEERING LIMITED 18 @2023
Slide 20: Abbreviations
Abbreviations Abbreviation Full Form Abbreviation Full Form Pitti Engg Pitti Engineering Limited KW Kilo Watt PCPL Pitti Castings Private Limited FY Financial Year Pitti Rail and Engineering Components Earnings Before Interest, Tax, Depreciation PRECL EBITDA Limited and Amortization mm Milli metre N
Slide 21: Thank You
Thank You PITTI ENGINEERING LIMITED 20 @2023
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