Ptc Industries Ltd · NSE:PTCIL
Ptc Industries — Q2 & H1 FY24 Earnings Presentation
39 slides from Ptc Industries's earnings presentation, Nov 10, 2023
Slide 1: Regulation 30 disclosure cover letter to stock exchanges
PTC INDUSTRIES LIMITED Advanced Manufacturing & Technology Centre NH 25A, Sarai Shahjadi, Lucknow 227 101 Uttar Pradesh, India Date: November 10, 2023 To, To National Stock Exchange of India Limited BSE Limited Exchange Plaza, C-1, Block G Bandra Kurla Department of Corporate Services - Listing Comp
Slide 2: Towards Parity: Investor Presentation Q2 & H1 FY24
PTC Industries Limited TO WA R D S PA R I T Y INVESTOR PRESENTATION – Q2 & H1 FY24 November 2023 1
Slide 3: Safe Harbor
Safe Harbor • This presentation and the following discussion may contain “forward looking statements” by PTC Industries Limited (“PTC” or the Company) that are not historical in nature. These forward- looking statements, which may include statements relating to future results of operations, financia
Slide 4: Company Overview
Company Overview For the detailed Investor Presentation, please visit the Link below PTCIL Investor Presentation June 2023 © 2023 ptcil.com 3
Slide 5: It's the proficient team which are the strong pillar of the company
It’s the proficient team which are the strong pillar of the company MBA in Operations – Mr. Priya Ranjan Agarwal Mr. Alok Agarwal University of Tulsa, Director, Marketing Director, Quality & Technical Oklahoma & M. Sc in Finance - Boston College, Massachusetts Industry Experience Ms. Smita Agarwal J
Slide 6: Our Core Values
Our Core Values Our values define who we are, how we operate, and where we're headed. Our values are defined by the word ASPIRE, which stands for : Agility Sustainability Passion Integrity Respect Endurance responding and taking responsibility for inspiring others with own being known for honesty, c
Slide 7: Our focus on Human Resource Development
Our focus on Human Resource Development Comprehensive HR Trasformation Scope with detailed timeline and project plan. High Level Project Timeline Nov-22 Dec-22 Jan-23 Feb-23 Mar-23 Apr-23 May-23 jun-23 jul-23 Aug-23 W1 W2 W3 W4 W5 W6 W7 W8 W9 W10 W11 W12 W13 W14 W15 W16 W17 W18 W19 W20 W21 W22 W23 W
Slide 8: Our focus on Human Resource Development: Training and Competency Framework
Our focus on Human Resource Development Training and Competency Development Framework. This relates to ability to manage job and develop LEADERSHIP interaction with the other Create COMPETENCY persons. For example- (L4) Problem solving. Evaluate JOB/ (L4) This relates to functional TECHNICAL capacit
Slide 9: Our recognitions and rewards
Our recognitions and rewards PO Handover by SAFRAN AIRCRAFT ENGINES at #AeroIndia 2023 MoU Signing with DASSAULT AVIATION at #AeroIndia 2023 Raksha Mantri’s Award at #DefExpo2022 Aerolloy exhibited at Paris Air Show 2023 © 2023 ptcil.com 8
Slide 10: Certification
Certification ATL is an Approved AS/EN 9100 Supplier to Israel Approved Aerospace since 2021 Industries (IAI) ATL Is an Approved Supplier to Honeywell after completion of NSI Audit and Compliance ATL is an Approved Safran Aircraft Supplier to Engines Approval BAE Systems © 2023 ptcil.com 9
Slide 11: Certifications
Certifications PTC GROUP HAVE AN ON-SITE NABL / ISO17025 ACCREDITED NADCAP STATUS TESTING LABORATORY Casting Weld Chemical Thermal Treatment Correction Processing (HIP) Approval awarded June 2023 Under approval - 2023 Under approval – 2023 NDT Thermal Treatment ISO14001 & ISO45001 (FPI, X-ray) (VacH
Slide 12: Technology driven opportunities
Technology driven opportunities 1 2 3 Global Supply Chain Disruption Russia Ukraine War Implications Defence Spending and Indigenisation in India is on rise Opens a huge opportunity for PTC Have opened gates for supply of Titanium PTC’s vision of PARITY gives opportunity. in Industrial as well as Ae
Slide 13: Towards Parity
Towards Parity Therefore, It Is Our Dharma To Work Towards Building Equality In Respect of Capability, Technology, Skill,Workmanship,Talent, Knowledge,Quality, Productivity, Efficiency, & Sustainability in the country to allow us to become a nation that is at par with the world. © 2023 ptcil.com 12
Slide 14: Technology Pyramid
Technology Pyramid Platforms & Equipment Design & Engineering Technology Assembly | Integration Systems & & Testing Technology Products Core Manufacturing Technology Components Processed Critical Materials Processing Technology Materials © 2023 ptcil.com 13
Slide 15: Platform Independent Core Manufacturing Technologies
Platform Independent Core Manufacturing Technologies Established Capabilities to Cater Civil Aviation Air Defence Land Defence Naval Defence to entire Spectrum Torque tubes Airframe Structures Suspension arms Pump components of A&D Sector airframe structural Intermediate casings Muzzle Brakes valves
Slide 16: PTC & Aerolloy Technology Verticals
PTC & Aerolloy Technology Verticals © 2023 ptcil.com 15
Slide 17: Technology – Rapidcast, Replicast, Investment Casting
Technology – Rapidcast, Replicast, Investment Casting Quality – Value – Speed Near net shape casting solutions Microstructure controlled castings up to 5,000 kgs single piece using ceramic shells with weight (Single Crystals and Directionally range up to 2,500 kg Solidified) for Aeroengines 7-Axis C
Slide 18: Technology – Ti Cast, Controlled Microstructure, ForgeCast
Technology – Ti Cast, Controlled Microstructure, ForgeCast Controlled Hot Isostatic Micro-Structure Press (HIP) Vacuum melt casting Technology helps to control Where castings and Used to eliminate pores of Reactive alloys both the cast microstructure forgings converge in metal components and defect
Slide 19: New Aerospace Castings Facility
New Aerospace Castings Facility DIC Campus – Aerospace Castings New Aerospace Castings facility of 15,000 sqm at the new 50 acre land in Lucknow in the UP Defence Industrial Corridor © 2023 ptcil.com 18
Slide 20: Aerospace Castings Group – Future Capability & Additions
Aerospace Castings Group – Future Capability & Additions Large Titanium Large Super Alloy Robotic Shelling System: Dewaxing AutoClave: Flashfire Furnace: Casting VAR: Casting VIM: Make: VA Tech; 1 Robot System; 1200 mm (dia) X 1000X1000X1200 mm Make: ALD; Make: Consarc Max Shell Dim: 600mm (dia)X 15
Slide 21: Aerospace Materials Group
AEROSPACE MATERIALS GROUP UPDIC Campus – Aerospace Materials Mill Future Capability & Additions Titanium and Super Alloy Mill – Ingots, Billets, Rods, Bars, Slabs, Plates © 2023 ptcil.com 20
Slide 22: New Aerospace Materials Mill
New Aerospace Materials Mill Acquired - Electron Beam Cold Hearth Remelting (EBCHR) furnace and Vacuum Arc Remelter (VAR) through its wholly owned subsidiary “Aerolloy Technologies Limited (ATL)” Manufacturing Titainum Manufacture Ti Ingots from Recent Supply (Ti) Ingots Recycled / Scrap Titanium Ca
Slide 23: Technology – Titanium & Super Alloy material manufacturing
Technology – Titanium & Super Alloy material manufacturing Vacuum Arc Electron Beam Cold Hearth Plasma Arc Cold Vacuum Induction Remelter (VAR) Remelting (EBCHR) Hearth Melting (PAM) Melting (VIM) This process is of great A secondary melting process for Used for melting and remelting of A primary me
Slide 24: Metals Recycling
Metals Recycling Shows that GreenTitanium® will avoid 26.4 tonnes CO2 per tonne of Titanium produced by recycling compared to traditional methods. The volume of emissions avoided is expected to increase in the future as operations reach their nominal production rate. Using this benchmark at full cap
Slide 25: Sustainability
Sustainability Ingots Vaccum Arc Remelting VAR Hot Isostatic Pressing (HIP) & Vaccum Heat Treatment CNC Machining Pattern Robotic Shelling Making ATL TITANIUM MILL Quality & Testings Forging Design & bars / Slabs Simulation Processing:Billets, Bars, Tubes, Rods, Sheets, Blooms… ATL FORGING MILL & &
Slide 26: Current & Future Renewable Energy Sources
Current & Future Renewable Energy Sources PTC Industries and Aerolloy is committed to comply to Carbon CURRENT footprint reduction and GHG protocols, in accordance with International standards, meeting the Paris Agreement targets 750kW Roof Top Solar (AMTC) 750kW Wind Turbine (Mehsana) FUTURE 10-12M
Slide 27: Roadmap for Carbon Footprint
Roadmap for Carbon Footprint © 2023 ptcil.com 26
Slide 28: Recent Milestones & Built Capabilities
Recent Milestones Land at UP Allotment of 50 Acres of land next to Brahmos facility, by UPEIDA, in Lucknow node of the UP Defence Industrial Corridor Defence Corridor Fabrication and Assembly Line Fabrication and Assembly Line for BAE Systems Built Capabilities Acquisition of the This Facility is cr
Slide 29: Q2 & H1 FY24: Result Highlights
Q2 & H1 FY24: Result Highlights © 2023 ptcil.com 28
Slide 30: H1 FY24 Consolidated Highlights
H1 FY24 Consolidated Highlights In Rs Crores Total Income EBITDA PAT 30.6% 32.5% 84.6% YoY YoY YoY 41.1 134.7 31.0 19.4 103.15 10.5 H1FY23 H1FY24 H1FY23 H1FY24 H1FY23 H1FY24 © 2023 ptcil.com 29
Slide 31: Q2 & H1 FY24 Consolidated Highlights
Q2 & H1 FY24 Consolidated Highlights Particulars INR Crores Q2FY24 Q2FY23 YoY H1FY24 H1FY23 YoY Total Income 60.3 56.0 7.7% 134.7 103.2 30.6% EBITDA 18.5 19.0 -3.4% 41.1 31.0 32.5% EBITDA Margin% 30.6% 34.0% (340 bps) 30.5% 30.1% 40 bps Profit Before Tax 10.5 10.3 1.9% 25.4 14.4 76.5% Profit After T
Slide 32: Management Remarks
Management Remarks Mr. Sachin Agarwal, Chairman & Managing Director: “PTC Industries is committed to its objective of achieving Parity in the country for a wide range of aerospace and defence applications. Through value-driven practices, strategic partnerships, technological advancements, and partic
Slide 33: Key Financial Trends
Key Financial Trends Total Income EBITDA 226.7 66.1 175.3 185.2 48.4 155.5 168.5 134.7 40.1 41.1 35.5 28.4 FY19 FY20 FY21 FY22 FY23 H1FY24 FY19 FY20 FY21 FY22 FY23 H1FY24 PAT EBITDA Margin % 25.8 30.5% 29.2% 19.4 26.1% 23.8% 12.8 18.2% 20.2% 10.9 10.5 4.4 FY19 FY20 FY21 FY22 FY23 H1FY24 FY19 FY20 FY
Slide 34: Key Financial Trends
Key Financial Trends Gross Property, Total Equity Debt to Equity (x) Plant & Equipment 234.4 225.5 232.6 370.6 209.5 208.4 306.7 1.17 1.16 129.1 1.02 1 168.5 140.4 150.7 155.3 0.57 0.5 FY19 FY20 FY21 FY22 FY23 H1FY23 FY19 FY20 FY21 FY22 FY23 H1FY24 FY19 FY20 FY21 FY22 FY23 H1FY24 In Rs. Cr © 2023 pt
Slide 35: Accounting Ratios
Accounting Ratios As at As at As at As at As at Profitability Ratios Particulars March 31, March 31, March 31, March 31, Sep 30, 2020 2021 2022 2023 2023 35% Profitability Ratios 30% EBITDA Margin 20.25% 23.00% 26.12% 29.16% 30.52% 25% Operating Profit 15.04% 15.75% 18.86% 22.55% 24.44% 20% Margin [
Slide 36: Accounting Ratios
Accounting Ratios Leverage Ratios 6 As at As at As at As at 5 Particulars) March 31, March 31, March 31, March 31, 4 2020 2021 2022 2023 3 Leverage Ratios 2 Long Term Debt / 1 3.04 2.69 2.22 1.64 Operating EBITDA 0 Mar-20 Mar-21 Mar-22 Mar-23 Total Bank Loan / 5.32 4.75 4.66 3.01 Operating EBITDA Lo
Slide 37: Update on Status of Ongoing CAPEX
Update on Status of Ongoing CAPEX The company has acquired necessary equipment for its aerospace and defence material manufacturing facility. This includes a Vacuum Arc Remelter, an Electron Beam Cold Hearth Remelting furnace, a Plasma Arc Melting furnace, and a Vacuum Induction Melting furnace. The
Slide 38: Successful Fund Raise to Fund the Expansion
Successful Fund Raise to Fund the Expansion Mode of Fund Raise Instrument Aggregate Fund Raise The company offered 78,58,594 Fully Paid-Up Equity Shares for cash Rights + Preferential Issue Rights Issue at a price of Rs 10/- each, totalling Rs. 7.9 crores, and the transaction has been successfully c
Slide 39: Passion & Collaboration: Contact Us
PASSION & COLLABORATION Contact Us PTC Industries Limited Smita Agarwal, Director & CFO www.ptcil.com Ernst & Young LLP Vikash Verma Abhishek Bhatt vikash.verma1@in.ey.com abhishek.bhatt3@in.ey.com © 2023 ptcil.com 38