Ptc Industries Ltd · NSE:PTCIL
Ptc Industries — Q1 FY2024 Earnings Presentation
37 slides from Ptc Industries's earnings presentation, Aug 12, 2023
Slide 1: PTC Industries Limited – Investor Presentation Q1FY24
PTC Industries Limited TO WA R D S PA R I T Y INVESTOR PRESENTATION – Q1FY24 August 12, 2023 1
Slide 2: 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 3: Company Overview
Company Overview For the detailed Investor Presentation, please visit the Link below PTCIL Investor Presentation June 2023 © 2023 ptcil.com 3
Slide 4: 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 5: 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 5
Slide 6: 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 6
Slide 7: 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 8: Journey Towards Building PTC - Innovations & Technological Capabilities
Journey Towards Building PTC - Innovations & Technological Capabilities India’s 1st Technology Building Customers Technological Being & Innovation Focused Foundry & Going Global Evolution Future Ready 1960-1980 1980-2000 2000-2010 2010-2023 Establishment of a Established Global Footprint Developed i
Slide 9: Our team: Strong pillars for the Company
Our team: Strong pillars for the Company MBA in Operations - Industry Responsible for University of Tulsa, Experience new technologies Oklahoma & M. Sc in of 25+ years & continuous Sachin Agarwal Finance - Boston R&D efforts Chairman & MD College, Massachusetts Mr. Priya Ranjan Agarwal Mr. Alok Agar
Slide 10: Our Core Values
Our Core Values Focus on sustainability is Our thrust for passion is an Agility is a key value for PTC internal motivator, a driving success in today’s extremely important at PTC in protecting our environment following of one’s values, ever-changing, globally of one’s intrinsic, unique competitive e
Slide 11: 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 11
Slide 12: 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 12
Slide 13: Our focus on Human Resource Development
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 14: 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 15: Roadmap for Carbon Footprint
Roadmap for Carbon Footprint © 2023 ptcil.com 15
Slide 16: Built Capabilities – Recent Milestones
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 17: PTC & Aerolloy Technology Verticals
PTC & Aerolloy Technology Verticals © 2023 ptcil.com 17
Slide 18: 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 19: 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 20: 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 20
Slide 21: Aerospace Castings Group – Future Capability & Additions
Aerospace Castings Group – Future Capability & Additions 3D Printed Wax Injection Press: Robotic Shelling System: Dewaxing AutoClave: Flashfire Furnace: (SLA) Pattern: : 1) 6 Tonne, 1000 cc, Make: VA Tech; 1 Robot System; 1200 mm (dia) X 1000X1000X1200 mm 600X600X500 mm 350X350X350 mm; Max Shell Dim
Slide 22: 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 22
Slide 23: 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 24: 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 25: 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 26: 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 27: Q1FY24: Result Highlights
Q1FY24: Result Highlights © 2023 ptcil.com 27
Slide 28: Q1FY24 Consolidated Highlights
Q1FY24 Consolidated Highlights Total Income EBITDA PAT 57.7% 88.8% 292.1% Q1FY24 (Rs.Cr) YoY 74.42 YoY 22.67 YoY 11.28 47.18 12.01 2.88 Q1FY23 Q1FY24 Q1FY23 Q1FY24 Q1FY23 Q1FY24 Gross Profit Margin (%) EBITDA Margin (%) PAT Margin (%) 74.2% 30.5% 15.2% +404 bps +501 bps +906 bps YoY YoY YoY © 2023 p
Slide 29: Q1FY24 Consolidated Highlights
Q1FY24 Consolidated Highlights Particulars INR Cr Q1FY24 Q1FY23 YoY Q4FY23 QoQ Total Income 74.4 47.2 57.7% 62.7 18.7% EBITDA 22.7 12.0 88.8% 18.9 19.7% EBITDA Margin (%) 30.5% 25.5% 501 bps 30.2% 30 bps Profit Before Tax 14.9 4.1 266.1% 11.4 29.9% Profit After Tax 11.3 2.9 292.1% 9.2 22.6% PAT Marg
Slide 30: Q1FY24 Business Highlights
Q1FY24 Business Highlights Aerolloy Technologies Limited Participated in the International Paris Air Show 2023 The event served as a great platform to showcase the Company’s capabilities for the manufacture of critical aerospace components and strategic materials. This participation reaffirmed PTC’s
Slide 31: Appointment of Statutory, Internal and Secretarial Auditors
Appointment of Statutory, Internal and Secretarial Auditors Appointment of M/S. S. N. Dhawan & Co. LLP, CA as Statutory Auditors for a period of 5 years ▪ The Board has recommended the appointment of M/S S. N. Dhawan & CO LLP, Chartered Accountants as Statutory Auditors of the Company for a period o
Slide 32: Management Remarks
Management Remarks Mr. Sachin Agarwal, Chairman & Managing Director: “We are delighted to begin the new fiscal year with a robust financial performance in Q1FY24. Notably, we also participated in the International Paris Air Show 2023 during this quarter where we showcased our exceptional capabilitie
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 40.1 35.5 28.4 74.4 22.7 FY19 FY20 FY21 FY22 FY23 Q1FY24 FY19 FY20 FY21 FY22 FY23 Q1FY24 PAT EBITDA Margin % 25.8 30.5% 29.2% 26.1% 23.8% 12.8 18.2% 20.2% 10.9 10.5 11.3 4.4 FY19 FY20 FY21 FY22 FY23 Q1FY24 FY19 FY20 FY2
Slide 34: Key Financial Trends
Key Financial Trends Gross Property, Total Equity Debt to Equity (x) Plant & Equipment 234.4 225.5 209.5 208.4 306.7 1.17 1.16 129.1 1.02 1 150.7 155.3 168.5 140.4 0.57 FY19 FY20 FY21 FY22 FY23 FY19 FY20 FY21 FY22 FY23 FY19 FY20 FY21 FY22 FY23 In Rs. Cr © 2023 ptcil.com 34
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, June 30, 2020 2021 2022 2023 2023 35% Profitability Ratios 30% EBITDA Margin 20.25% 23.00% 26.12% 29.16% 30.46% 25% Operating Profit 15.04% 15.75% 18.86% 22.55% 25.53% 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: 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 37