Prakash Industries Limited · NSE:PRAKASH
Prakash Industries — Q2 FY2018 Earnings Presentation
22 slides from Prakash Industries's earnings presentation, November 2017
Slide 1: Prakash Industries Limited Q2 & H1 FY18 Result Presentation
Prakash Industries Limited People... Prosperity... Progress Q2 & H1 FY18 Result Presentation
Slide 2: Disclaimer
Disclaimer This presentation and the accompanying slides (the “Presentation”), which have been prepared by Prakash Industries Limited (the “Company”) solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall n
Slide 3: Agenda
Agenda 01 Result Highlights 02 Company Overview 3
Slide 4: Result Highlights
Result Highlights 4
Slide 5: Financial Highlights – Q2FY18
Financial Highlights – Q2FY18 Revenue (Rs. Cr) EBITDA (Rs. Cr) PAT (Rs. Cr) +376% YoY +29% YoY +118% YoY 648 65 124 501 57 14 Q2FY17* Q2FY18 Q2FY17 Q2FY18 Q2FY17 Q2FY18 * Revenue for Q2FY17 adjusted as per GST 5
Slide 6: Financial Highlights – H1FY18
Financial Highlights – H1FY18 Revenue (Rs. Cr) EBITDA (Rs. Cr) PAT (Rs. Cr) +361% YoY +15% YoY +106% YoY 234 124 1,370 114 1,195 27 H1FY17 H1FY18 H1FY17 H1FY18 H1FY17 H1FY18 6
Slide 7: Business Updates
Business Updates Expansion in Sponge Iron & Power Co-generation capacity • Setting up 6th Sponge Iron Rotary Kiln of 0.2 Mn TPA with 15 MW Co-generation plant • To be commissioned by September 2018; increasing the Integrated Steel capacity to 1.2 Mn TPA Secured Additional Long Term Coal Linkages
Slide 8: Debt Updates
Debt Updates Allotment of Equity shares to FCCB holders • During the Q2FY18, Company allotted 30,20,881 equity shares pursuant to the conversion option exercised by certain FCCB holders • After conversion of FCCB, paid-up share capital of the Company has increased from Rs 149.49 Cr to Rs 152.51 Cr
Slide 9: Profitability Highlights
Profitability Highlights Rs. in Cr Q2FY18 Q2FY17 YoY H1FY18 H1FY17 YoY FY17 Revenues 648 556 16% 1,370 1,195 15% 2,415 Other Income 5.5 1.2 6.8 1.7 3.3 Total Income 653 558 17% 1,377 1,197 15% 2,418 Raw Material 413 343 832 754 1,482 Employee Expenses 43 38 90 76 155 Other Operating Expenses 73 119
Slide 10: Balance Sheet Highlights
Balance Sheet Highlights Rs. Crore Sep-17 Mar-17 Rs. Crore Sep-17 Mar-17 Shareholder’s Funds 2,398 2,221 Non-current assets 3,114 3,093 Share capital 153 139 Fixed assets 2,840 2,771 Other Equity 2,245 2,082 Non Current Tax Asset 3 3 Other non-current assets 272 319 Non-current liabilities 607 694 L
Slide 11: Company at Glance
Company at Glance 11
Slide 12: Company Overview
Company Overview One of the Largest Integrated Steel Manufacturers in India Strategically located plants in Chhattisgarh, one of the major coal and Iron ore belts Captive Iron ore mines in Odisha & Chhattisgarh; Step towards Backward integration 230MW captive power plant at its integrated steel plan
Slide 13: Diversified Business Segments
Diversified Business Segments Steel Power PVC Pipes 13
Slide 14: Integrated Steel Business
Integrated Steel Business 01 Fully Integrated steel plant at Chhattisgarh 02 Produces steel through coal based Sponge Iron Route ; Technical collaboration with Lugri GmbH, Germany Secured Supply of Key Raw material – (i) Iron Ore through allotted mines in the state of 03 Chhattisgarh & Odisha (ii) C
Slide 15: Steel Business – Product Offerings
Steel Business – Product Offerings Wire Rods HB Wire Structural Steel TMT bars Ferro Alloy 15
Slide 16: Power Business
Power Business Operating 230 MW captive power at its Integrated Steel Plant Power generated partly by harnessing waste gases emanating from Sponge Iron process and partly through Thermal route Newly commenced Fifth Sponge Iron Rotary Kiln generating additional 15MW power 16
Slide 17: Key Growth Drivers – Steel & Power Business
Key Growth Drivers – Steel & Power Business National Steel Policy 2017 Focus on Affordable Housing & Infrastructure Build a globally competitive industry with a crude steel Emphasis on Housing for All by 2022 by the Government capacity of 300 MT by 2030-31 Aim to build 50 million new low-cost
Slide 18: Rigid PVC Pipes Business
Rigid PVC Pipes Business Plant Strategically located in Uttrakhand; with current capacity of 55,000 MTPA Strong Brand presence in the states of UP, Uttrakhand, Delhi, Haryana & Punjab Witnessing Revenue Growth of 16% CAGR in last 5 years Operating profit margin growth at 26% CAGR since last 5 years
Slide 19: Rigid PVC Pipes – Product Portfolio
Rigid PVC Pipes – Product Portfolio UPVC Pipes Column Pipes SWR Pipes UPVC Fittings Plumbing Pipes Casing Pipes
Slide 20: Key Growth Drivers – PVC Pipes Business
Key Growth Drivers – PVC Pipes Business Government thrust on Agriculture & Infrastructure Swachh Bharat Abhiyan “Affordable Housing” and “Housing for All” Higher Union Budget allocation for Irrigation sector GST to give edge to the organised players over unorganised sector 20
Slide 21: Capacity Expansion Update
Capacity Expansion Update Existing Product Location Future Capacity Total Capacity Time Line Capacity Integrated Steel Raipur, Finished Steel 1.1 Mn Tons - 1.1 Mn Tons - Chhattisgarh Champa, Sponge Iron 1.0 Mn Tons 0.20 Mn Tons 1.2 Mn Tons Sept, 2018 Chhattisgarh Champa, Steel Billets 1.1 Mn Tons -
Slide 22: Thank You
Thank You For more information visit: www.prakash.com 22