Hle Glascoat Ltd · NSE:HLEGLAS
Hle Glascoat — Investor Presentation (May 2022)
40 slides from Hle Glascoat's investor presentation, May 2022
Slide 1: Investor Presentation May 2022
INVESTOR PRESENTATION May 2022 HLE Glascoat Limited (Formerly known as Swiss Glascoat Equipments Ltd.)
Slide 2: Safe Harbor
Safe Harbor This presentation has been prepared by and is the sole responsibility of HLE Glascoat Limited (the “Company”). By accessing this presentation, you are agreeing to be bound by the trailing restrictions. This presentation does not constitute or form part of any offer or invitation or induc
Slide 3: Financial Performance
Financial Performance Key Operating Ratios and Financial Statements 3
Slide 4: Financial Performance: Q4 FY22 Segmental Performance
Financial Performance: Q4 FY22 Revenue from Operations EBITDA Profit After Tax Rs. 249 crores Rs. 40 crores Rs. 23 crores +69% +37% +30% Filtration, Drying and Other Equipment Glass Lined Equipment Rs. In Crs Segmental Performance +47% +114% 103.7 143.1 70.6 Segment Revenue 66.9 Q4 FY21 Q4 FY22 Q4 F
Slide 5: Financial Performance: FY22 Segmental Performance
Financial Performance: FY22 Revenue from Operations EBITDA Profit After Tax Rs. 652 crores Rs. 118 crores Rs. 58 crores +35% +23% +9% Filtration, Drying and Other Equipment Glass Lined Equipment Rs. In Crs Segmental Performance +30% +65% 314.1 330.0 241.7 200.2 Segment Revenue FY21 FY22 FY21 FY22 +5
Slide 6: Profit & Loss: Q4 & FY22
Profit & Loss: Q4 & FY22 Particulars (in Rs. Crs) Q4 FY22 Q4 FY21 Y-o-Y FY22 FY21 Y-o-Y Revenue from Contract with Customers 249.23 147.50 69% 652.22 484.49 35% Other Income 1.8 2.25 8.04 3.93 Total Revenues 251.03 149.75 68% 660.25 488.42 35% Cost of Materials Consumed 113.83 76.76 339.08 230.42 Ch
Slide 7: Balance Sheet: As on 31st March 2022
Balance Sheet: As on 31st March 2022 Particulars (in Rs. Crs) Mar-22 Mar-21 Particulars (in Rs. Crs) Mar-22 Mar-21 Non-Current Assets Equity Share Capital 13.65 13.10 Property, Plant and Equipment 228.33 108.61 Other Equity 239.88 121.61 Right of use assets 11.08 6.12 Non Controlling Interest 0.08 0
Slide 8: Cash Flow Statement: As on 31st March 2022
Cash Flow Statement: As on 31st March 2022 Cash Flow Statement (Rs. Crs.) Mar-22 Mar-21 Cash Flow from Operating Activities Profit before Tax 93.43 77.24 Adjustment for Non-Operating Items 22.56 18.85 Operating Profit before Working Capital Changes 115.98 96.09 Changes in Working Capital -72.26 -26.
Slide 9: Strong Orderbook Position
Strong Orderbook Position Order book (No. of months) (1) Working Capital (Rs. In Crs.) (2) Inventory Break-up (Rs. In Crs.) (2) 8 8 267 37 14 5-6 5-6 148 132 111 267 246 Thaletec 134 HLE Glascoat Most of the inventory Higher Inventory on is blocked in raw the back of higher materials and WIP order b
Slide 10: Acquisition of the global business of Thaletec GmbH
Acquisition of the global business of Thaletec GmbH 10
Slide 11: Transaction Closure: Global Business of Thaletec GmbH
Transaction Closure: Global Business of Thaletec GmbH • On 17 December 2021, the Company completed acquisition of the global business of Thaletec GmbH (“Thaletec”), along with its wholly owned subsidiary Thaletec Inc., USA, after receiving all necessary regulatory Transaction approvals. The consider
Slide 12: Thaletec GmbH – Financials
Thaletec GmbH – Financials Particulars Quarter Ended 2018 2019 2020 2021 (Euro Mn.) 31st March, 2022 Sales Revenue 22.24 24.26 26.27 27.99 8.95 EBITDA 1.54 1.83 2.56 3.91 1.35 EBITDA % 6.94% 7.55% 9.73% 13.98% 15.08% Depreciation 0.31 0.36 0.40 0.44 0.21 Interest 0.18 0.18 0.19 0.19 0.06 PBT 1.06 1.
Slide 13: Highlights of Thaletec
Highlights of Thaletec 40,000 m2 Plant Area >50% Market Share Leading Innovator Largest Glass Lining Plant in Market Leader in the most Several Patents, Registered Designs & Europe demanding German market Trademarks among other IP Highlights of Centuries of Legacy Technology Driven Facility establis
Slide 14: Evolution of the Group
Evolution of the Group From Chemicals to Excellence in Engineering 14
Slide 15: Foundation of Patel Group in 1951
FOUNDATION OF PATEL GROUP in 1951 “ A farmer’s son, who obtained his PhD in Chemical Engineering from Columbia University New York, returned home in the year 1950 to contribute to a newly independent India. ▪ The foundation of Patel Group was laid by late Dr. K. H. Patel in 1951 with – ▪ ” Over the
Slide 16: Evolution from Chemicals to Engineering
Evolution from Chemicals to Engineering 2019 2021 2017 HLE Glascoat 2003 Ltd Thaletec GmbH HLE acquires HL Equipments & HLE Glascoat 1960 1981 R&D Facility Swiss Glascoat Operations of HLE & Swiss Glascoat are acquires the global HLE expands into Glass CDCC HL Engineers Engineering business starts c
Slide 17: Combination of Leaders: Combined Performance is Greater than Individual
Combination of Leaders: Combined Performance is Greater than Individual • Today HLE Glascoat is one of the largest chemical process equipment manufacturers in the country • Has the capability to cater to customized process needs and large projects with a wide range of equipment. • Market leader in t
Slide 18: Preferred Supplier: Largest Player in Both Segments
Preferred Supplier: Largest Player in Both Segments Filtration & Drying in India Glass Lined Equipment in India Largest Market Share HLE… One of the Largest Players In Glass Lined Equipment Competit… Competit… Others 0% 20% 40% 60% 80% World’s Largest Manufacturer of ANFDs 600 Filters p.a. Technolog
Slide 19: De-risking and Diversification: A Business Imperative
De-risking and Diversification: A Business Imperative Product-wise Revenue Break-up Industry-wise Revenue Break-up ANF GLRs 10% 30% Not more than 60% Revenue Others 11% ANFD is generated API & Pharma 30% from a ANFD & 33% GLR product GL Tanks & Others 10% Other Engineering products 20% Region-wise R
Slide 20: Foundation for Growth
Foundation for Growth Enabling us to adapt to the changing needs of the business 20
Slide 21: Diversified Product Portfolio
Diversified Product Portfolio Filtration Glass Lined Equipment Agitated Nutsche Filters GL Reactors Agitated Nutsche Filter-Dryers GL Tanks Kilo-lab Filter-Dryers GL Heat Exchangers GL Columns GL Pipes & Fittings Drying GL Filters & Dryers Rotary Vacuum Paddle Dryers Rapid Disc Dryers/Coolers Spheri
Slide 22: Project Showcase: Filtration and Drying
Project Showcase: Filtration and Drying Tilting Multifunction ANFD 6KL Pharma RVPD USA India Reactor, Filter, Dryer and Crystallizer Largest cantilever RVPD, supplied with a built into one quick opening front cover. ASME U-Stamp Certified MOC: SS316L MOC: SS316L 30KL RVPD ANFD for Sterile Applicatio
Slide 23: Project Showcase: Glass Lined Equipment and KL Tanks
Project Showcase: Glass Lined Equipment 50 and 65 KL Tanks We consistently 32 and 40KL GMP Reactors India India deliver some of the, The largest glass lined vessels The largest glass lined GMP supplied in the Indian market reactors manufactured and followed by a repeat orders, sold in the country. t
Slide 24: Project Showcase: Custom and Exotic Metal Equipment
Project Showcase: Custom and Exotic Metal Equipment Continuous Pan Filter Oyster Filter Canada Germany 6m diameter pan for a continuous type 6m Diameter rotating type continuous filter, filter rotating within the tolerance of compliant with ASME, CE and JIS Standards 3mm MOC: SS316L MOC: Inconel Hig
Slide 25: State-of-the-art Manufacturing Facilities
State-of-the-art Manufacturing Facilities MAROLI WORKS ANAND WORKS • 15,000 m2 built-up area with nearly 13,000 m2 covered under 40 EOT • 20,000 m2 floor area covered by 33 EOT cranes. cranes. • Five state-of-the-art SCADA controlled electric and gas fired furnaces for • State-of-the-art machine sho
Slide 26: State-of-the-art Manufacturing Facilities
State-of-the-art Manufacturing Facilities HL EQUIPMENTS, SILVASSA THALETEC, GERMANY • 4,200 m2 floor area covered by 8 EOT cranes. • Operates a 40,000 sq. m., manufacturing facility with more than 160 employees • Well developed welding capabilities with pulsed arc welding systems and over 15 qualifi
Slide 27: State-of-the-art Manufacturing Facilities
State-of-the-art Manufacturing Facilities SILVASSA WORKS • 8600 m2 floor area covered by 18 EOT cranes. • Well developed welding capabilities with pulsed arc welding systems and over 30 qualified welders. • Jigs, fixtures, welding manipulators and specialized tooling for fast and repeatable performa
Slide 28: Competitive Edge: Product Engineering
Competitive Edge: Product Engineering “ Pilot Plant and R&D Facility: ▪ The only pilot plant & R&D Facility of its kind among any process equipment manufacturer. Chemical Engineering Solution ▪ Our pilot plant enables our customers to conduct thorough Providers and not just ” trials on out ANFDs and
Slide 29: Competitive Edge: Process Engineering
Competitive Edge: Process Engineering Special Purpose Machines (SPMs) and Tooling ▪ Optimized every step of the fabrication process with SPMs developed and built by our team of process engineers. ▪ Our SPMs dramatically reduce the manhours required for a job and increase process repeatability. At th
Slide 30: Geographical Presence
Geographical Presence Strong Domestic Sales Network and Global Footprint Canada Europe Russia Channel Partner Channel Partner Channel Partner Delhi NCR Sales Office USA Ahmedabad Channel Partner Channel Partner Vadodara Thailand Anand Channel Partner Israel Channel Regd. Office Channel Partner Partn
Slide 31: Marquee Client Relationships
Marquee Client Relationships 31
Slide 32: Experienced Management Team
Experienced Management Team Himanshu Patel He is a qualified Electrical Engineer graduating from the University of Bombay in the year 1976 and has more than 45 years of experience in the business of chemicals and engineering. Nilesh Patel He has completed his BSc (Chemistry) from the University of B
Slide 33: Professional Management Team – India
Professional Management Team – India Sr. Vice President Sr. Vice President Vice President Strategic Advisor Corporate Operations at Chief Financial Officer Engineering Development Maroli Total Experience: 37 years+ Total Experience: 18 years+ Total Experience: 33 years+ Total Experience: 32 years+ T
Slide 34: Professional Management Team – Germany
Professional Management Team – Germany Managing Director Managing Director Total Experience: 28 years Total Experience: 27 years Mechanical Engineer Process Engineer (PhD) Associated with Associated with Thaletec for 14 years Thaletec for 13 years Chief Financial Officer Head - Operations Head - Sal
Slide 35: Robust Systems
Robust Systems 101 ASME Accreditation Authorized to use ASME ‘U’, ‘NB’ and ‘R’ Stamps for pressure vessels. 202 CE Compliance Designing and manufacturing in compliance with CE as per Pressure Equipment, ATEX, Machinery, Electromagnetic, Low Voltage and other Directives. 303 JIS Compliance Designing
Slide 36: Future Outlook
Future Outlook Well-Positioned to Capture Future Growth Opportunities 36
Slide 37: Identified Thrust Areas for Growth
Identified Thrust Areas for Growth Industry Potential Strong Balance Sheet Tailwinds in the various chemical sectors will continue to drive Robust liquidity position with increasing profit margins growth. Recent policy changes and need for domestic sourcing combined with a reducing working capital c
Slide 38: Well-Positioned to Capture Future Growth Opportunities
Future Outlook Future Growth Opportunities Well-Positioned to Capture Order Book 1 • Robust order book for both HLE Glascoat and Thaletec Capacities 2 • Additional capacities onstream to generate revenues from next fiscal Thaletec Acquisition 3 • Completion of Thaletec’s acquisition which will help
Slide 39: New Products, New Business Segment
New Products, New Business Segment HLE Glascoat has been certified by LR Marines and the Indian Register of Shipping, making it eligible to supply Class 1 pressure vessels to the Indian Navy for non naval applications involving pressure vessels. This unique capabilities is likely to open up new mark
Slide 40: Thank You
Thank You Company Name: HLE Glascoat Limited (Formerly known as Swiss Glascoat Equipments Ltd.) CIN: L26100GJ1991PLC016173 Contact Person: Email Address: Mr. Naveen Kandpal, CFO investor.relations@hleglascoat.com Investor Relations Advisors : Mr. Ashish Chovatia Ms. Rasika Sawant +91 9930044680 +91