Hi-tech Pipes Ltd. · NSE:HITECH
Hi-tech Pipes — H1 FY19 Earnings Presentation
36 slides from Hi-tech Pipes's earnings presentation, Nov 14, 2018
Slide 1: Cover letter to National Stock Exchange
HI-TECH PIPES LIMITED To, ; 14- November-2018 National Stock Exchange of India Limited Exchange Plaza, Plot No.C/1, G Block, Bandra Kurla Complex (E), Mumbai-400051, Symbol: HITECH Subject: Result updates Presentation Dear Sir/ Madam, In reference to the above captioned subject, please find enclosed
Slide 2: Q2 & H1 FY19 Result Update Presentation
Hi Tech Pipes Limited Q2 & H1 FY19 Result Update Presentation Multiplying Growth Through Value Addition
Slide 3: Disclaimer
Disclaimer This presentation has been prepared by Hi-Tech Pipes Limited (the “Company”) solely for information purposes and does not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form the basis or be relied on in connection with any con
Slide 4: Table of Contents
Table of Contents Chairman’s Message Consolidated Financial Highlights Company Overview Business Overview Way Ahead 3
Slide 5: Chairman's Message
Chairman’s Message Consolidated Financial Highlights Company Overview Business Overview Way Ahead
Slide 6: Chairman's Message
Chairman’s Message Commenting on the quarterly and half yearly results, Mr. Ajay Kumar Bansal, Chairman and Managing Director, HI - Tech Pipes Limited said : “I am happy to share with you the performance of the Company for the Quarter and half year ended 30th September 2018. Our continuous efforts a
Slide 7: Consolidated Financial Highlights
Chairman’s Message Consolidated Financial Highlights Company Overview Business Overview Way Ahead
Slide 8: Consolidated P&L Highlights – Q2 FY19 vs. Q2 FY18
Consolidated P&L Highlights – Q2 FY19 vs. Q2 FY18 Sales Volume (MT) Net Revenues (Rs. Crore) EBITDA (Rs. Crore) PAT (Rs. Crore) Growth : 8% Growth : 34% Growth : 12% Growth : 3% 339.4 18.8 65,947 6.6 252.5 60,823 16.7 6.4 Q2 FY18 Q2 FY19 Q2 FY18 Q2 FY19 Q2 FY18 Q2 FY19 Q2 FY18 Q2 FY19 Margin as % of
Slide 9: Consolidated P&L Highlights – H1 FY19 vs. H1 FY18
Consolidated P&L Highlights – H1 FY19 vs. H1 FY18 Sales Volume (MT) Net Revenues (Rs. Crore) EBITDA (Rs. Crore) PAT (Rs. Crore) Growth : 15% Growth : 45% Growth : 21% Growth : 23% 1,25,968 36.2 13.1 660.9 30.0 10.7 454.3 1,09,423 H1 FY18 H1 FY19 H1 FY18 H1 FY19 H1 FY18 H1 FY19 H1 FY18 H1 FY19 Margin
Slide 10: Consolidated Quarterly & Half Yearly P&L Highlights
Consolidated Quarterly & Half Yearly P&L Highlights Rs. in Cr Q2 FY19 Q2 FY18 Y-o-Y % Q1 FY19 Q-o-Q % H1 FY19 H1 FY18 Y-o-Y % Total Income from 339.4 252.5 34% 321.5 6% 660.9 454.3 45% Operations Raw Materials 309.3 225.7 292.1 601.4 404.9 Employee Cost 3.6 3.3 3.3 6.9 6.1 Other Cost 7.7 6.8 8.7 16.
Slide 11: Segment Wise Volume Break Up – H1 FY19 & H1 FY18
Segment Wise Volume Break Up – H1 FY19 & H1 FY 18 H1 FY19 H1 FY18 Engineered Engineered Products Products 3% 3% Flat Steel 19% Flat Steel 18% Tubular Tubular 79% 78% * Numbers as per Ind AS guidelines 10
Slide 12: Consolidated Balance Sheet
Consolidated Balance Sheet As on As on As on As on Rs. in Cr th st Rs. in Cr th st 30 Sept – 18 31 March – 18 30 Sept – 18 31 March – 18 Equity 132.7 113.6 Non-current Assets 159.7 149.4 Equity Share Capital 10.7 10.5 Property, Plant and Equipment 126.4 123.9 Other Equity 122.0 103.1 Liabilities Cap
Slide 13: Consolidated Financial Highlights
Consolidated Financial Highlights Volume MT (in 000’s) Revenue (Rs. Cr) 360 360 Capacity Sales 300 1015.7 240 226.0 180 180 660.9 158.4 637.4 137.8 126.0 503.9 458.4 95.7 100.1 384.8 FY14 FY15 FY16 FY17 FY18 H1 FY19 FY14 FY15 FY16 FY17 FY18 H1 FY19 EBITDA (Rs. Cr) / Margin (%) PAT (Rs. Cr) / Margin
Slide 14: Consolidated Financials Ratios
Consolidated Financials Ratios ROA (%)** RoCE (%)# 5.4% 19.1% 17.9% 4.7% 15.2% 15.8% 14.7% 11.9% 2.9% 2.3% 2.3% 1.2% FY14 FY15 FY16 FY17 FY18 H1 FY19* FY14 FY15 FY16 FY17 FY18 H1 FY19* RoE (%)^ 22.1% 21.3% 14.5% 11.9% 11.4% 7.8% FY14 FY15 FY16 FY17 FY18 H1 FY19* (*H1 FY19 Annualized figures) (**ROA
Slide 15: Consolidated Annual P&L Highlights
Consolidated Annual P&L Highlights Rs. in Cr FY18 FY17 Y-o-Y % Sales Volume ( in MT ) 226,023 158,428 43.0% Total Income from Operations 1,015.7 637.4 59.3% Raw Materials 913.3 562.7 Employee Cost 12.1 10.6 Other Cost 30.1 24.3 Total Expenditure 955.5 597.5 EBITDA 60.1 39.9 50.8% Other Income 1.3 2.
Slide 16: Segment Wise Revenue Break Up – FY18 & FY17
Segment Wise Revenue Break Up – FY 18 & FY 17 Contribution – FY18 Contribution – FY17 Engineered Engineered Products Products 6% 8% Flat Steel Flat Steel 25% 21% Tubular Tubular 73% 67% * Numbers as per Ind AS guidelines 15
Slide 17: Consolidated Balance Sheet
Consolidated Balance Sheet st st st st As on 31 As on 31 As on 31 As on 31 Rs. in Cr Rs. in Cr Mar - 18 Mar - 17 Mar - 18 Mar - 17 Equity 113.6 76.9 Non-current Assets 149.4 96.0 Equity Share Capital 10.5 10.3 Property, Plant and Equipment 123.9 81.1 Other Equity 103.1 66.6 Capital Work in Progress
Slide 18: Company Overview
Chairman’s Message Consolidated Financial Highlights Company Overview Business Overview Way Ahead
Slide 19: Company Overview
Company Overview Incorporated in 1985 ▪ Amongst leading steel processing companies in India providing world class innovative products for nearly 3 decades Powerhouse of Engineering Excellence ▪ Presence in steel pipes, hollow sections, tubes, cold rolled coils & strips, road crash barriers, solar mo
Slide 20: Journey So Far
Journey So Far ▪ Unit 2 at Sikandrabad to manufacture steel tubes ▪ Installation of & hollow sections continuous galvanising ▪ Started commercial line production of Steel ▪ Installation of Hot tubes & hollow section Dipped Galvanised at State of Art Sanand Facility (Gujarat) facility ▪ Listing in NS
Slide 21: Professional Management
Professional Management • Commerce Graduate from Delhi University • Industry Stalwart with more than 35 years of rich experience Mr. Ajay Kumar Bansal • Nominated as Chairman of Federation of Indian Industries (Steel Tube Panel) representing entire steel tubes industries at various National and Chai
Slide 22: Business Overview
Chairman’s Message Consolidated Financial Highlights Company Overview Business Overview Way Ahead
Slide 23: Business Overview
Business Overview Flat Steel Cold Rolled sheets & strips Galvanized Coils Engineering Tubular Steel Tubes & Pipes Products Hollow Sections Metal crash Barriers Pre Galvanized Tubes Solar Structures Hot dipped GI pipes 22
Slide 24: Different Products – Flat Steel
Different Products... ...Catering to wide array of applications Flat Steel CR Sheets & Strips Galvanized Coils Cold Formed Sections Stampings Construction Automobile Industry Auto & Auto Ancillaries Agriculture Civil Construction Transmission Chain Automobile Solar Mounting Structures Bicycle Parts
Slide 25: Different Products – Tubular
Different Products... ...Catering to wide array of applications Tubular Steel Tubes & Pipes Hollow Sections Pre Galvanized Tubes Hot Dipped GI Pipes Water Gas & Air Pipeline Casing HVAC Agriculture Automobiles Columns & Fence Cladding Plumbing Power & Industrial Boilers Handrails Roofing Green House
Slide 26: Different Products – Engineering Products
Different Products... ...Catering to wide array of applications Engineering Products Metal Crash Barriers Solar Structures Water Gas & Air Pipeline Ground mounted solar Automobiles power plants Power & Industrial Boilers Rooftop solar Transformers Street lighting Superheaters Solar water pumps Econo
Slide 27: Key Business Strengths
Key Business Strengths • Manufacturing facilities – strategically • Diversified, specialized located in key high growth markets of products North & West India • Catering to wide array of • Resulting in increased operational sector applications efficiencies • Market leader in Crash Barrier • Supplies
Slide 28: State-of-Art Manufacturing facilities
State-of- Art Manufacturing facilities • Manufacturing plant Sikandrabad, Uttar • Manufacturing unit in Hindupur Pradesh (UP) • Installed capacity of 1,20,000 mtpa • Installed capacity of 1,80,000 mtpa • Manufacturing unit in Sanand (Gujarat) • Installed capacity of 60,000 mtpa 27
Slide 29: Internationally certified
Internationally certified... ... Demonstrating our commitment to highest standards of Quality 28
Slide 30: Our Esteemed Customers
Our Esteemed Customers : a a ee oe es & Qe PS Reliance < ~ elian RELIANCE ® ‘ i ee : we salt \ ! BAJAJ i | H 1 i ! i 1 H 1 i 1 H 1 i ! i 1 H 1 i 1 H 1 i ! i 1 H 1 i 1 Gp oar wT i : - 1 | TATA a ae YE if H Pubucvrortal = Soni THERMAX | AN Oy) | i 1 H eae &® ? sons crn 0s i St ue et J AXFEREE Re PDIL
Slide 31: Marquee Projects using Hi-tech products
Marquee Projects using Hi-tech products Grandstand Roofing Structure- Buddh International Circuit Toll Plaza- Bandra-Worli Sea Link Tensile Membrane Structures- Mumbai Airport Main Supporting Structures- Common Station Structure & Railing- Delhi Metro Structural Support Members- Foot Over Module Mou
Slide 32: Marquee Projects using Hi-tech products
Marquee Projects using Hi-tech products Fire Fighting Pipes- Seven Hills Hospital Mumbai Crash Barriers- Yamuna Expressway Towers- Suzlon Wind Farms Curtain Walling Structure- Mumbai New Structural Glazing Structure- Delhi T3 Walkways – Mumbai Skywalks Substation Tubular Structure- Powergrid Airport
Slide 33: Way Ahead
Chairman’s Message Consolidated Financial Highlights Company Overview Business Overview Way Ahead
Slide 34: Government Impetus creating significant industry growth opportunity
Government Impetus creating significant industry growth opportunity • MS Black Tubes & Hollow Section for Roofing, Rails, Grills, Gate Etc. • Tubes And Pipes Used for Prefab home and shelters Housing for all • Large Hollow Section Pipe & Poles Used in Infrastructure Projects, Street Lighting, Sewage
Slide 35: Way Ahead
Way Ahead Aspiring to achieve one million ton installed capacity Become Globally Reputed Steel Processing Company Be known for technology and high quality specialized products 34
Slide 36: Thank you
Thank you HITECH HITECH:IN HITC.NS For further information, please contact: Company : Hi- Tech Pipes Ltd. Mr. Arvind Bansal Chief Financial Officer cfo@hitechpipes.in http://www.hitechpipes.in