Welspun Corp Limited · NSE:WELCORP
Welspun — Q2 FY2017 Earnings Presentation
11 slides from Welspun's earnings presentation, November 2016
Slide 1: World's Leading Line Pipe Manufacturer
Welspun Corp Ltd (WCL) World’s Leading Line Pipe Manufacturer Investor Presentation Q2FY17
Slide 2: Safe Harbour
SAFE HARBOUR This presentation and the accompanying slides (the “Presentation”), which have been prepared by Welspun Corp Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securit
Slide 3: Performance Highlights Q2FY17
PERFORMANCE HIGHLIGHTS Q2FY17 135 Cr 135 Cr 135 Cr Rs. 12,068 mn 43% YoY 137** KMT 48% YoY Rs. 1,140 mn 59% YoY Operating Profit Operating Profit Operating Profit Income from Operations Pipe sales volume** Reported EBIDTA 135 Rs. 947Cr mn 135 Rs. 754Cr 65% YoY mn 135 Rs. 8,023Cr mn 61% YoY vs. Rs 15
Slide 4: Q2FY17 Operating Performance
Q2FY17 OPERATING PERFORMANCE Pipe production EBITDA*/Ton for Pipes Total pipe production (KMT) (Rs. ‘000) excludes 66 KMT/ 37 KMT 9.3 for Dammam, Saudi Arabia 241 156 5.6 plant in Q2 FY16 and Q2 FY17 Total pipe sales excludes Q2FY16 Q2FY17 Q2FY16 Q2FY17 63 KMT/ 46 KMT for Dammam, Saudi Arabia Pi
Slide 5: Diversified Business Across Regions & Products
DIVERSIFIED BUSINESS ACROSS REGIONS & PRODUCTS H1 FY17 Pipe Sales Volume : 434 KMT (including Saudi Arabia operations) 4% 23% 22% 58% 20% 73% LSAW HSAW ERW India US Saudi Arabia Sales by Type Sales by Plant Note: All numbers on this page includes all JV operations – Saudi Arabia and CWC 5
Slide 6: Healthy Balance Sheet to Support Growth
HEALTHY BALANCE SHEET TO SUPPORT GROWTH Rs mn Q2FY17 IND AS I-GAAP Gross Debt 20,739 26,637 Cash & Equivalent 12,715 13,019 Net Debt 8,023 13,618 Current Ratio 1.54x 1.69x Net Debt/ Reported EBITDA 1.15x 1.85x Gross debt (including all Net Debt/ Equity 0.30x 0.45x operations) as on 30 September 20
Slide 7: Net Working Capital Under Control
NET WORKING CAPITAL UNDER CONTROL I-GAAP Basis 56 45 39 Days Days Days Inventory 104 Debtors 72 69 70 Creditors 53 29 85 78 94 Q2FY16 Q1FY17 Q2FY17 FY17 cash conversion cycle is expected in the region of 50-55 days *Includes Debtors + Inventory – Creditors All numbers on this page includes all opera
Slide 8: Orderbook Analysis (including Saudi Arabia operations)
ORDERBOOK ANALYSIS (including Saudi Arabia operations) Order book by Region Order book by Type (KMT) (KMT) 958 958 883 883 852 852 131 100 152 289 587 608 501 426 450 456 317 178 326 357 250 107 97 54 Q2FY16 Q1FY17 Q2FY17 Q2FY16 Q1FY17 Q2FY17 India & A-Pac Americas EU & MENA LSAW HSAW ERW Note: All
Slide 9: Reported & Operating EBITDA Reconciliation
REPORTED & OPERATING EBITDA RECONCILIATION Details (Rs. mn) Q2FY16 Q2FY17 Reported EBITDA 2,793 1,140 Less : Other Income 281 448 Add : Unrealized FX (Loss)/Profit (191) (256) Operating EBITDA 2,702 947 9
Slide 10: Profit & Loss – Quarterly
PROFIT & LOSS – QUARTERLY Rs mn Q2FY16 Q2FY17 Income from operations 21,329 12,068 Reported EBIDTA 2,793 1,140 Operating EBITDA* 2,702 947 Depreciation/Amortization 986 976 Finance Cost 635 585 Profit Before Tax 1,171 (421) Tax 403 (165) PAT before minority interest, Associates & JVs 769 (256) Minor
Slide 11: Thank You
THANK YOU Welspun Corp Limited CIN: L27100GJ1995PLC025609 Mr. Deepak Khetan ir_wcl@welspun.com +91-2266136584 Mr. Harish Venkateswaran harish_venkateswaran@welspun.com www.welspuncorp.com