Ador Welding Limited · NSE:ADOR
Ador Welding — Annual Institutional Investor Conference 2025 (B&K Securities)
29 slides from Ador Welding's conference presentation, May 29, 2025
Slide 1: Cover letter to stock exchanges
sieador peace of mind AWL/SEC/SE/2025-26/13 29% May, 2025 BSELTD. NATIONAL STOCK EXCHANGE OF INDIA LTD. Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block G, 1st Floor, Dalal Street, Bandra-Kurla Complex Fort, Mumbai - 400 023 Bandra (East), Mumbai - 400 051 Dear Sir/Madam, Sub: Presentation made
Slide 2: Investor Presentation
ADOR WELDING LIMITED INVESTOR PRESENTATION Date: May 29, 2025
Slide 3: Disclaimer
DISCLAIMER s¢ador « This Investor Presentation by Ador Welding Ltd. (“Ador / the Company”) is solely for informational purposes. This presentation does not constitute an offer or invitation, directly or indirectly, to purchase or subscribe for any securities of Ador. + The information contained here
Slide 4: What We Do
WHAT WE DO #eador 1. Welding Consumables 2. Welding & Cutting Equipment AUTOMOTIVE DEFENCE HEAVY FABRICATION 3. Industrial Repair & Maintenance ( Products & Services) @ 4. Welding & Cutting Automation INFRASTRUCTURE OIL&GAS RAILWAYS 5. Flares & Process Equipment SHIPBUILDING THERMAL, HYDRO, WIND & N
Slide 5: Vision, Mission, Values, Target
VISION MISSION VALUES TARGET A = Y CREATING THE TO BE INDIA'S CUSTOMER EXPERIENCE REVENUE ~% 2000 Crs. BEST WELDING NO. 1 WELDING TRUST BY 2029 EXPERIENCE COMPANY PERFOMANCE
Slide 6: Management Team
MANAGEMENT TEAM seador MR. ADITYAT. MALKANI MR. LAJPAT YADAV MR. KRISHNAMURTHY SURYANARAYAN MANAGING DIRECTOR COO - INDIA WELDING BUSINESS HEAD - CORPORATE STRATEGY MR. MUSTAFA FAIZULLABHOY MR. SURYAKANT SETHIA MR. VINAYAK M. BHIDE HEAD - INTERNATIONAL OPERATIONS CHIEF FINANCIAL OFFICER HEAD - HR, A
Slide 7: Company Overview
COMPANY OVERVIEW s¢ador 850+ Employees 5 Manufacturing Facilities India — Serving 31,235 pin codes Global — 15+ countries M 90,000 MT of Welding Consumables/year (@D 30,000 Welding Power Sources/year Annual Sales of over INR 1100 Cr. Gouvt. of India Recognised R & D Centre Creating The Best Welding
Slide 8: Research & Development
RESEARCH & DEVELOPMENT seador R&D Centre for Equipment and Consumables recognized by The Department of Scientific and Industrial Research (GOI). * Accredited Laboratory as per 1ISO17025. * Team of 38 researchers. * >1000 Case studies. * NPCIL (Nuclear Power Corporation of India Limited) Approvals. C
Slide 9: Financial Performance
FINANCIAL PERFORMANCE seador Revenue (% crs.) 1 EBITDA ® crs.) 1067 120 104 594 40 CAGR 17% CAGR 27%* FY21 FY22 FY23 FY24 FY25 FY21 FY2s PBT (Z crs.) 21 Working Capital (No. of days) 102 82 76 76 o 57 30 CAGR 36%* I I l !1 FY22 FY23 FY24 FY25 FY21 Fy22 FY23 FY2a FY25 *Without exceptional items Creat
Slide 10: Update - FY25
UPDATE - FY25 sicador * Revenue Growth - 5% over FY24. » Strong Operating cash flow of -INR 139 Crs. * Working capital management improved by 18 days. * Net Debt Free. * New Markets: USA and Australia. * International business grew by more than 25%. * Merger completed. PARTICULARS MARCH 25 (Days) MA
Slide 11: Maintenance & Repair (Ador Fontech)
MAINTENANCE & REPAIR (ADOR FONTECH) seador Merger Completed in Sept'24 . Integration completed. Focus on key product segments. Focus on revenue growth. Creating The Best Welding Experience
Slide 12: Flares & Process Equipment - Update
FLARES & PROCESS EQUIPMENT - UPDATE »¢ador Turnaround of Division » Timely execution of Projects. * Projects with improved margins. * Focus on Flares , Process equipment & Heat Exchangers. * Focus on Cost Optimisation & Manufacturing efficiency. Update on Special Project (ONGC — URAN) * Final stages
Slide 13: Our Target
OUR TARGET seador Turnover to surpass Rs 2000 Crs. by FY Key Revenue Drivers 29. Inorganic Growth — ~._M&A Focus on margin expansion. New Geographies Core Organic Growth Expand our customer & distribution reach. Innovation & New Product / \ Development Focus on high end technology products. Creating
Slide 14: Pillars of Our Strategy - Building for Profitable Growth
PILLARS OF OUR STRATEGY - BUILDING FOR PROFITABLE GROWTH '):!'ador OUR FOUR VALUE DRIVERS ‘ QQ ’ @ GROWTH OPERATIONAL CUSTOMER PEOPLE EXCELLENCE FOCUS FOCUS Creating The Best Welding Experience
Slide 15: Pillars of Our Strategy
PILLARS OF OUR STRATEGY sicador & GROWTH OPERATIONAL CUSTOMER PEOPLE EXCELLENCE FOCUS FOCUS « Create a Performance Culture « Focus on Cost, Quality and « Customer Engagement « Enhance our Talent Pool Productivity « Strengthen our distribution + Employee Stock options Policy « Focus on Volume growth
Slide 16: Focus Industry Segments - Future Growth
FOCUS INDUSTRY SEGMENTS - FUTURE GROWTH wador e 6 © AREAS RENEWABLE ENERGY DEFENCE INFRASTRUCTURE SHIPBUILDING * Double Digit Growth Industry Segments for coming decade. » Biggest Opportunity areas for us — Presently low share of Business. * Product Mix available for these Industry Segments. * Techn
Slide 17: Building and Growing Capabilities - Future Growth
BUILDING AND GROWING CAPABILITIES - FUTURE GROWTH s¢ador STRONG DISTRIBUTION NETWORK ®KEY ACCOUNT MANAGEMENT © NEW PRODUCT DEVELOPMENT + Utilizing and Strengthen Strong Distribution Network. * Focus Key Account Management - Increase share of Business. + Identify and fill Product Gaps - Enter High En
Slide 18: Ador International Presence
ADOR INTERNATIONAL PRESENCE seador Creating The Best Welding Experience ———
Slide 19: Sales Performance (Ador International)
SALES PERFORMANCE ( ADOR INTERNATIONAL) #¢ador Revenue (% crs.) 152 31 CAGR 58% 25 I FY 21 FY 22 FY 23 FY 24 FY 25 Creating The Best Welding Experience ———
Slide 20: Key Focus Markets for Ador International
KEY FOCUS MARKETS FOR ADOR INTERNATIONAL seador Established Markets: UAE/Oman « ADNOC (Abu Dhabi National Oil Company) / PDO (Petroleum Development Oman) Approved. « Strong distribution networks. « Long term supply contracts & Newly Established contracts. Growth Markets: KSA/QATAR « Aramco and QE ap
Slide 21: Key Focus Markets for Ador International
KEY FOCUS MARKETS FOR ADOR INTERNATIONAL seador Developing Markets: USA « Ador brand acceptance has been high. < Target Audience- Independent distribution with approx. 6 plus branches and 2-3 state coverage. This makes import justified. « Established distribution channels — Upper Midwest and South (
Slide 22: Q&A
eador Q&A Creating The Best Welding Experience
Slide 23: Thank You
eador THANK YOU Creating The Best Welding Experience
Slide 24: Additional Slides
eador ADDITIONAL SLIDES Creating The Best Welding Experience ———
Slide 25: FY25 Results
FY25 #¢ador rter Year Ended Particulars Q4 FY25 Q3 FY25 Q4 FY24 FY25 FY24 Revenue from Operations 308 273 296 1m17 1067 COGS 204 176 192 724 686 Manufacturing Expenses 21 16 19 74 71 Gross Margin 83 82 85 319 310 Gross Margin % 26.9% 29.9% 28.7% 28.6% 29.1% Employee Benefit cost 25 28 25 108 98 Othe
Slide 26: Segment Overview
SEGMENT OVERVIEW seador Particulars Product M&R Services Total Product M&R Services Revenue 246 33 28 308 234 25 14 273 Growth 5% 33% 102% 13% EBIT 35 6 -5 36 29 4 -3 30 EBIT Margins 14.3% 19.0% -18.8% 1.8% 12.3% 17.1% -20.9% Mm% FY'25 FY24 Particulars Product M&R Services Total Product M&R Services
Slide 27: Manufacturing Plants
MANUFACTURING PLANTS Manufacturing Plants spread across 1.2 million sq ft. 3 strategically located Welding Consumables manufacturing facilities in: * Raipur + Silvassa * Bengaluru - 2 Units 1 Equipment manufacturing facility in Pune 1 Maintenance & Repair facility in Nagpur Creating The Best Welding
Slide 28: Our Products and Services
OUR PRODUCTS AND SERVICES
Slide 29: Our Products and Services
OUR PRODUCTS AND SERVICES
Ador Welding — Annual Institutional Investor Conference 2025 (B&K Securities) on 6ix