Wpil Limited · NSE:WPIL
Wpil — Q4 FY2024 Earnings Presentation
30 slides from Wpil's earnings presentation, May 27, 2024
Slide 1: WPIL Limited filing cover letter to BSE
(2 WPIL Limited REGD. OFF. : "TRINITY PLAZA" 84/1A, TOPSIA ROAD (SOUTH}, KOLKATA - 700 046 TEL. : (91 33) 4055 6800, FAX : (91 33) 4055 6835 WEB : http:/Awww.wpil.co.in CIN No. L36900WB1952PLC020274 Date: May 27, 2024 To The Listing Compliance BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street Mumb
Slide 2: Earnings Presentation Q4-FY24/FY24
E A R NING S P R E S E NTAT IO N Q 4- F Y 2 4/F Y 2 4
Slide 3: Company Snapshot
COMPANY SN AP SH OT Market Leader in 10 Strategic International End to End Rich Experience Pumps & Manufacturing Presence Across Integrated Pumping of 71 Years Pumping Locations 4 Locations Solutions Systems Strong global presence via Consolidated Partner of choice Proud to be part of focussed Order
Slide 4: Company Overview
COMPANY OVERVIEW
Slide 5: Company Overview
CO MPANY OVE RVI EW Operating Revenue (INR Mn) and EBITDA Margins (%) • WPIL Limited is a multinational pumps and systems company, headquartered out of India, with diversified operations covering the entire gamut of the pumping industry incorporated in 1952. 20,000 16,644 50.00% 18,000 16,055 45.00%
Slide 6: Global Operations
G LO BAL O P ERATI ONS • After 10 years of growth in exports and experience in global markets it was clear that the next step would need strong local presence FY24 Revenue Mix (INR Mn) as the engineered pumps clients need life cycle support which has to be built on long term relationships. • Over th
Slide 7: India Operations - State-of-Art Manufacturing Facilities
I N DI A O P ERATI ONS - S TA TE- OF -ART MAN UF ACTURI NG F A CI L ITI E S Kolkata Engineered Pump Division is Located about 25 KM from Kolkata, the plant has ~20,000 sq. meters of floorspace. Delhi Delhi Industrial Pump Division is Located about 20 KM from Delhi, the plant has ~49,000 sq. meters o
Slide 8: Business Structure
B U SI NES S ST RUC TURE WPIL Ltd. India International 65% 35% Project Product South Africa Italy Australia 76% 24% 20% 63% 17% Gruppo Aturia Conventional Engineered Drainage Irrigation Municipal Industry Pumps Pumps Pumps AUDOLI & ARIS BERTOLA CHIAPPA % numbers are revenue share as on FY24 end EARN
Slide 9: Varied Range of Applications
VAR IE D R AN GE OF AP P L I CATI ONS Irrigation Industrial Municipal Large lift irrigation networks to provide surface water to Used in industries for variety of purposes such as fire fighting, Water Supply & Drainage solutions for Rural and Urban farmers and borehole installations for ground water
Slide 10: Value Proposition
VALUE P RO POS ITI ON Global Operations Strong R&D Forward integrated Wide product basket Dominant player in supported by Marquee clients recognized by Govt. by providing Turnkey catering to a Industrial Pump subsidiaries and from Top class Of India and solutions and O&M widespread market Sector age
Slide 11: Q4-FY24 / FY24 Financial Overview
Q4-FY24 / FY24 FINANCIAL OVERVIEW EARNINGS PRESENTATION 10
Slide 12: Financial Highlights
F I N ANCI AL H I G HL IGH TS Q4-FY24 Standalone Performance Q4-FY24 Consolidated Performance 18.34 % 17.31 % INR 4,351 Mn INR 798 Mn INR 5,914 Mn INR 1,024 Mn Operating EBITDA Operating EBITDA Operating Income Operating EBITDA Operating Income Operating EBITDA Margins Margins INR 559 Mn 12.85 % INR
Slide 13: Q4 FY24/FY24 Highlights - Domestic
Q 4 FY 24/F Y2 4 H I GH L I GHTS - DO MESTI C Domestic revenues grew 7.4% YoY in FY24 to INR 10,769 Mn Product Business - Product division revenues grew 18% YoY in FY24 to INR 2,600 Mn while the order book grew 10.5% YoY to INR 3,470 Mn, giving a strong revenue visibility and outlook for FY25 - The
Slide 14: Q4 FY24/FY24 Highlights - International
Q 4 FY 24/F Y2 4 H I GH L I GHTS - I NT ERNATI ONAL - The outlook for core industrial pumps business of Gruppo Aturia, Italy remains strong driven by strong demand in MENA region and strong after- market revenues from Finder - Successful divestment of the nuclear business of Rutschi has allowed us t
Slide 15: Domestic - Project Revenue
D OMESTIC - P ROJ EC T RE V ENUE Project Revenue (INR Mn) 3,428 8,161 7,836 2,955 QUARTERLY ANNUAL Q4 - FY23 Q4 - FY24 FY 23 FY 24 EARNINGS PRESENTATION 14
Slide 16: Domestic - Product Revenue
D OMESTIC - P RODU CT RE VE NUE Product Revenue (INR Mn) 2,608 920 QUARTERLY 559 ANNUAL 2,188 Q4 FY23 Q4 FY24 FY 23 FY 24 EARNINGS PRESENTATION 15
Slide 17: Order Book
O RDER B OOK Domestic Order Book (INR Mn) FY24 International Order Book Breakup (%) 36,410 30,540 Construction Construction South Africa 31,510 25,250 Italy 24% 42% Australia 34% 3,140 3,477 O/M O/M 4,900 5,290 Total : ~ 4,580 INR Mn FY 23 FY 24 Project Product EARNINGS PRESENTATION 16
Slide 18: Quarterly Standalone Financial Performance
Q UARTERLY STANDALONE F I N ANCI AL P E RFORMANCE Particulars (INR Mn) Q4-FY24 Q4-FY23 Y-o-Y Q3-FY24 Q-o-Q Revenue from Operations 4,351 3,515 23.8% 2,743 58.6% Operating Expenses 3,553 2,760 28.7% 2,219 60.1% EBITDA 798 755 5.7% 524 52.3% EBITDA Margins (%) 18.34% 21.48% (314) Bps 19.10% (76) Bps D
Slide 19: Annual Standalone Financial Performance
AN NUA L STANDALONE F I N ANCI AL P E RFORMANCE Particulars (INR Mn) FY24 FY23 Y-o-Y Revenue from Operations 10,769 10,024 7.4% Operating Expenses 8,839 8,264 7.0% EBITDA 1,930 1,760 9.7% EBITDA Margins (%) 17.92% 17.56% 36 Bps Depreciation 70 55 27.3% Finance Cost 172 121 42.1% Other Income 304 317
Slide 20: Quarterly Consolidated Financial Performance
Q UARTERLY CON SOLI DATED F I N ANCI AL P E RFORMANCE Particulars (INR Mn) Q4-FY24 Q4-FY23 Y-o-Y Q3-FY24 Q-o-Q Revenue from Operations 5,914 5,204 13.6% 4,307 37.3% Operating Expenses 4,890 4,181 17.0% 3,607 35.6% EBITDA 1,024 1,023 0.1% 700 46.3% EBITDA Margins (%) 17.31% 19.66% (235) Bps 16.25% 10
Slide 21: Annual Consolidated Financial Performance
AN NUA L CONSO LI DATED F I N ANCI AL P E RFORMANCE Particulars (INR Mn) FY24 FY23 Y-o-Y Revenue from Operations 16,644 16,055 3.7% Operating Expenses 13,662 13,381 2.1% EBITDA 2,982 2,674 11.5% EBITDA Margins (%) 17.92% 16.66% 126 Bps Depreciation 301 279 7.9% Finance Cost 308 237 30.0% Other Incom
Slide 22: Historical Financial Overview
HISTORICAL FINANCIAL OVERVIEW EARNINGS PRESENTATION 21
Slide 23: Standalone Financial Performance
STANDALON E F I N ANCI AL P E RFORMANC E Particulars (INR in Mn) FY21 FY22 FY23 FY24 Revenue from Operations 3,403 5,298 10,024 10,769 Operating Expenses 2,631 4,432 8,264 8,839 EBITDA 772 866 1,760 1,930 EBITDA Margins (%) 22.69% 16.35% 17.56% 17.92% Depreciation 55 56 55 70 Finance Cost 96 89 121
Slide 24: Standalone Balance Sheet
STANDALON E BA LANC E SH E ET Particulars (INR Mn) FY22 FY23 FY24 Particulars (INR Mn) FY22 FY23 FY24 EQUITY AND LIABILITIES ASSETS Non-Current Assets a) Equity Share Capital 98 98 98 a) Property, Plant and Equipment 341 742 864 b) Other Equity 5,143 6,472 7,502 - 1 22 b) Capital Work-in-progress Sh
Slide 25: Consolidated Financial Performance
CO NSOL I DATE D F I N ANCI AL P E RFORMANCE Particulars (INR in Mn) FY21 FY22 FY23 FY24 Revenue from Operations 9,948 11,813 16,055 16,644 Operating Expenses 8,382 9,710 13,380 13,662 EBITDA 1,565 2,104 2,674 2,982 EBITDA Margins (%) 15.73% 17.81% 16.66% 17.92% Depreciation 369 373 279 301 Finance
Slide 26: Consolidated Balance Sheet
CO NSOL I DATE D BAL ANC E S H E ET Particulars (INR Mn) FY22 FY23 FY24 Particulars (INR Mn) FY22 FY23 FY24 EQUITY AND LIABILITIES ASSETS a) Equity Share Capital 98 98 98 Non-Current Assets b) Other Equity 6,247 8,001 12,361 a) Property, Plant and Equipment 3,164 3,649 3,415 Equity attributable to e
Slide 27: Consolidated Financial Graphs
CO NSOL I DATE D F I N ANCI AL G RAP HS Revenue (INR Mn) EBITDA (INR Mn) & EBIDTA Margins (%) PAT (INR Mn) & PAT Margins (%) 4,000 50.00% 16,055 16,644 2,982 60.00% 2500 45.00% 3,500 2,674 40.00% 1930 1,779 50.00% 3,000 2000 11,813 35.00% 9,948 2,500 2,104 30.00% 40.00% 1,182 1500 1,565 2,000 25.00%
Slide 28: Capital Market Information
C AP I TAL M ARKET I N FORMATIO N Stock Performance Data (As on 31st March, 2024) 85% 75% 65% 55% 45% 35% 25% 15% 5% -5% Apr-23 May-23 Jun-23 Jul-23 Aug-23 Sep-23 Oct-23 Nov-23 Dec-23 Jan-24 Feb-24 Mar-24 WPIL Sensex Price Data (As on 31st March, 2024) INR Shareholding Pattern (As on 31st March, 202
Slide 29: Disclaimer
D I SC LAI MER WPIL Limited Disclaimer: No representation or warranty, express or implied, is made as to, and no reliance should be placed on the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Such information and opinions are in all ev
Slide 30: Thank You
Thank You EARNINGS PRESENTATION 29