Slide 1: Exchange filing cover letter
AZA D cs/rP- Q2 (2024-2s) Date: 11,.11,.24 i ro, i To, i The Listing Department i The Listing Department i BSE Limited : National Stock Exchange of India Ltd. ; Department of Corporate Affairs : Exchange Plaza, Plot No. C/1, G Block i Phiro ze leejeebhoy Towers i Bandra-Kurla Complex, ; Dalal Street
Slide 2: Azad Engineering Limited Investor Presentation November 2024
Azad Engineering Limited Investor Presentation November 2024
Slide 3: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Azad Engineering Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any secu
Slide 4: Performance Update
Performance Update AZA SS
Slide 5: Recent Order Wins and Results Highlights
Recent Order Wins Baker Hughes Honeywell Aerospace ▪ Signed an MoU to setup a facility to ▪ Received a business award from, for manufacture and supply of precision manufacturing and supply of high complex Highest ever quarterly and half early performance components, sub-assemblies, assemblies compon
Slide 6: Performance Highlights
Performance Highlights “I am pleased to report that we achieved outstanding performance during both Q2FY25 and H1FY25, with a robust 30%+ growth Rakesh Chopdar in topline in both the periods. This growth is a result of deeper client engagement across all our verticals and underscores a Chairman & CE
Slide 7: Revenue Mix - Growth momentum building across segments
Revenue Mix - Growth momentum building across segments (Rs. Mn) Energy & Oil & Gas Aerospace & Defence Other Operating* Exports# Domestic# % Revenue contribution 88.7% 79.4% 8.6% 17.2% 2.6% 3.4% 89.7% 92.6% 10.3% 7.4% 18.3% 36.4% 163.9% 1,666.2 1,942.6 1,408.8 ▪ Energy and Oil & Gas segment grew by
Slide 8: Standalone Profit & Loss Account
Standalone Profit & Loss Account (Rs. Mn) H1FY25 H1FY24 YoY Q2FY25 Q2FY24 YoY ▪ Non-recurring expenses include: Revenue from Operations 2,098.2 1,587.5 32.2% 1,114.1 828.4 34.5% ▪ Provision for credit impaired trade receivable ▪ Non-recurring other income includes: Consumption 313.1 199.0 159.9 121.
Slide 9: Standalone Balance Sheet
Standalone Balance Sheet Assets (Rs. Mn) Sep-24 Mar-24 Equity and liabilities (Rs. Mn) Sep-24 Mar-24 Non-current assets Equity Equity share capital 118.2 118.2 Property, plant and equipment 2,630.0 2,545.4 Other equity 6,711.7 6,332.8 Right of use assets 140.5 27.3 Total equity (A) 6,829.9 6,451.1 C
Slide 10: Standalone Cash Flow Statement
Standalone Cash Flow Statement (Rs. Mn) Sep-24 Sep-23 Profit Before Taxes 543.0 315.8 Adjustments for Non-Cash / Non-Operating items 210.1 221.6 Operating profit before working capital changes 753.1 537.4 Changes in working capital -670.6 -522.9 Cash generated from operations 82.5 14.5 Direct taxes
Slide 11: Company Overview
Company Overview AZA NS
Slide 12: Azad Engineering Ltd.: Snapshot
Azad Engineering Ltd.: Snapshot Preferred name in the manufacturing of highly-engineered, complex and mission & life-critical components Supplying to highly regulated industries having significant entry barriers End-markets with massive TAM FY27 Aerospace & Defence INR 1,530 bn TAM Substantial exper
Slide 13: Project and Life Critical Portfolio of Diversified Products (1/2)
Project and Life Critical Portfolio of Diversified Products (1/2) Energy and Oil & Gas Industry Product Category Products End-Use Industry/Application Last Stage Airfoil – Rotary & Fixed Airfoil Last Stage Airfoil - Stationary Welding Chamfers Electric Power Generation Nuclear Power Turbine – Turbin
Slide 14: Project and Life Critical Portfolio of Diversified Products (2/2)
Project and Life Critical Portfolio of Diversified Products (2/2) Aerospace Aerospace and and Defence Defence Industry Industry Product Category Products End-Use Industry/Application Housing, Compressor & Airfoils, Unison Rings, Arm, Levers Body, Assembly Aero Engine Assembly Mount Business Jet Airc
Slide 15: Significant Entry Barriers at Each Stage
Significant Entry Barriers at Each Stage Azad has delivered over 3 million mission critical parts with Zero parts per million defects requirement to its customers. It has demonstrated efficiencies pursuant to machining time reduction and adherence to strict quality, resulting in a massive competitiv
Slide 16: Critical Source Supplier to OEMs - Aerospace & Defence
Critical Source Supplier to OEMs with High Global Market Penetration - Aerospace & Defence Azad is a supplier to six of the key manufacturers in aerospace and defence industry Addressable market Growth Drivers Key components used in an aircraft Aerospace & Defence1 • Opportunity to increase wallet s
Slide 17: Critical Source Supplier to OEMs - Energy Turbine
Critical Source Supplier to OEMs with High Global Market Penetration – Energy Turbine Industries Azad, being a critical components supplier, is a key link in the global supply chain for the OEMs Azad’s customer market share in Global turbine components1 Gas power turbine Player 4 Player 5 5% Azad’s
Slide 18: Long-standing and Deep Customer Relationships With OEMs
Long-standing and Deep Customer Relationships With OEMs As a strategic and growth partner to customers across highly regulated industries, Azad enjoys long-term relationships with high customer stickiness and a high percentage of repeat business, which allows us to have long-term contracts, a stable
Slide 19: Well-diversified Business with Global Operations
Well-diversified Business with Global Operations Azad caters to multiple customers across the globe has average relationship for over 10 years with key customers Revenue Breakup H1FY25 Q2FY25 Domestic Domestic UK Switzerland 5.6% 7.4% Hungary Poland France Sweden Germany Italy 92.6% 94.4% Exports Ex
Slide 20: Advanced Manufacturing Facilities With Focus on Innovation
Advanced Manufacturing Facilities With Focus on Innovation and Cost Competitiveness Azad’s all facilities (except which are earmarked for specific clients) are fungible in nature Four manufacturing facilities in Hyderabad Facilities in Pipeline Spread across 20,000 Sq.mts Facility 1 Facility 2 ~95,0
Slide 21: Experienced Promoter and Board of Directors
Experienced Promoter and Board of Directors…. Rakesh Chopdar Jyoti Chopdar Vishnu Malpani Chairman & CEO Whole-Time Director Whole-Time Director • Involved with Azad since 2003 • Passed the examination for • Holds a bachelor’s degree in pic with two decades of experience pic bachelor’s degree in art
Slide 22: With Strong Management Team
….with Strong Management Team Ronak Jajoo Ashok Gentyala Balaji PR Chief Financial Officer Head - Engineering & Operations Head – Business Growth • Passed the examination for post • Holds a diploma in mechanical • Previously worked with Miranda graduate degree in business engineering Tools, Helix To
Slide 23: Way Forward
Way Forward AZA SS
Slide 24: Best-in-class engineering portfolio lending a strong moat
Best-in-class engineering portfolio lending a strong moat with significant entry barriers Supplier of choice to highly regulated industries Producer of mission critical components; High complexity and precision requirements Unique Long haul journey with vendor qualifications taking up to 30-48 m
Slide 25: Update on Business Development & Growth
Update on Business Development & Growth Signed an agreement for a tenure of 5 years from Siemens Energy Global GmbH & Co. to manufacture and supply critical rotating components for their global demands of advanced gas and thermal turbine engines Secured a prestigious nation pride contract from GTRE
Slide 26: Historical financials
Historical financials acADS
Slide 27: Consistent Track Record of Financial Performance
Consistent Track Record of Financial Performance Margin Revenue From Operations Adj. EBITDA* & EBITDA Margin PAT and PAT Margin In Rs. Mn 30.2% 32.5% 31.6% 34.5% 9.4% 15.1% 3.4% 17.2% 3,407.7 +40.6% 1,174.5 2,516.8 +46.8% 585.8 +72.1% 1,944.7 795.8 631.7 1,227.2 294.6 370.9 115.0 85.1 FY21 FY22 FY23
Slide 28: Restated Consolidated Statement of Profit and Loss
Restated Consolidated Statement of Profit and Loss (Rs. Mn) FY24 FY23 FY22 FY21 CAGR (FY21- 24) Revenue from Operations 3,407.7 2,516.8 1,944.7 1,227.2 40.6% Consumption 460.2 301.5 207.6 138.1 ▪ Non-recurring expenses include: Employee expenses 742.7 592.7 462.7 326.0 ▪ Fire related expenses Other
Slide 29: Restated Consolidated Balance Sheet
Restated Consolidated Balance Sheet Assets (Rs. Mn) Mar-24 Mar-23 Mar-22 Mar-21 Equity and liabilities (Rs. Mn) Mar-24 Mar-23 Mar-22 Mar-21 Non-current assets Equity Equity share capital 118.2 16.5 15.1 15.1 Property, plant and equipment 2,545.4 2,166.5 1,444.0 1,210.8 Other equity 6,332.4 2,023.4 1
Slide 30: Restated Consolidated Cash Flow Statement
Restated Consolidated Cash Flow Statement (Rs. Mn) Mar-24 Mar-23 Mar-22 Mar-21 Profit Before Taxes 807.9 131.9 401.3 162.4 Adjustments for Non-Cash / Non-Operating items 756.7 672.0 254.5 127.7 Operating profit before working capital changes 1,564.5 803.9 655.9 290.1 Changes in working capital -1,48
Slide 31: EBITDA & PBT Bridge
EBITDA & PBT Bridge (Rs. Mn)$ Q2FY25 Q2FY24 H1FY25 H1FY24 FY24 FY23 FY22 FY21 (A) Adj EBITDA 412.9 267.3 752.1 528.9 1,174.5 795.8 631.7 370.9 (B) Non - Recurring Expenses Fire related expenses 0.0 0.0 0.0 63.0 0.0 0.0 Provision for credit impaired trade receivable 15.0 4.4 23.7 4.0 8.6 4.8 2.4 7.9
Slide 32: Annexures
Annexures AZA SS
Slide 33: Utilisation of IPO Proceeds
Utilisation of IPO Proceeds Net Proceeds from IPO – Rs.2,227.49 Mn Rs. 604 Mn Funding Capital Expenditure Rs. 1,382 Mn Repayment of borrowings in part or full Rs.242 Mn General Corporate Purpose The amount utilized for general corporate purposes does not exceed 25% of the Gross Proceeds 32
Slide 34: For more information Please contact
For more information Please contact: Company: Investor Relations Advisor: Azad Engineering Limited: Strategic Growth Advisors Pvt Ltd. CIN: U74210TG1983PLC004132 CIN: U74140MH2010PTC204285 Mr. Ful Kumar Gautam, Company Secretary & Shikha Puri / Riddhish Bhayani Compliance Officer Email id: shikha.pu