Bmw Industries Ltd · BSE:BMW
Bmw Industries — Q1 FY25 Earnings Presentation
23 slides from Bmw Industries's earnings presentation, Jul 16, 2024
Slide 1: Cover letter to stock exchanges
Date: 16-07-2024 To, To, The Manager The Manager Listing Department Listing Department BSE Limited The Calcutta Stock Exchange Limited Phiroze Jeejeebhoy Towers Lyons Range, Dalal Street, Mumbai- 400001 Kolkata – 700 001 Scrip Code: 542669 Scrip Code: 12141- CSE Dear Sir / Madam, Subject: Investors
Slide 2: BMW Industries Ltd. Q1 FY25 Earnings Presentation
BMW Industries Ltd. Q1 FY25 Earnings Presentation
Slide 3: Safe Harbor Statement
Safe Harbor Statement This presentation may contain certain “forward-looking statements” within the meaning of applicable securities laws and regulations, which may include those describing the Company’s strategies, strategic direction, objectives, future projects and/or prospects, estimates etc. In
Slide 4: Inside this Presentation
Inside this Presentation COMPANY SNAPSHOT 04 MANAGEMENT COMMENTARY 05 KEY HIGHLIGHTS 06 QUARTERLY HIGHLIGHTS 07 – 10 OPERATIONAL HIGHLIGHTS 11 – 12 FINANCIAL HIGHLIGHTS 13 – 15 GROWTH STRATEGIES 16 - 19 SHAREHOLDING PATTERN 20 KEY INVESTMENT HIGHLIGHTS 21 THANK YOU 22 3
Slide 5: Company Snapshot
Company Snapshot ABOUT US ▪ BMW Industries Limited (BMWIL), incorporated in 1981, is one of the largest steel processing companies in India ▪ Engaged in the manufacture & processing of HRPO Coils, CR Coils, GP Coils, GC Sheets, MS & GI pipes, TMT rebars, etc. for marquee steel manufacturers ▪ Proces
Slide 6: Management Commentary
Management Commentary “We are delighted to announce that our company achieved its highest quarterly profits to date. In Q1 FY25, our Operating Revenue increased by 26.5% QoQ and 10.2% YoY, totaling ₹17,365 Lakhs. We also recorded our highest-ever production volumes in our key segments - CRM Complex,
Slide 7: Key Highlights
Key Highlights ▪ Operating Income up 10.2% YoY at ₹17,365 Lacs ▪ Gross Profit up 10.5% YoY at ₹11,327 Lacs ▪ Operating EBITDA up 15.5% YoY at ₹ 4,239 Lacs; the margin stood at 24.4% ▪ Recorded Highest-ever quarterly PAT of ₹2,234, showcasing a growth of 43.5% YoY; and the margin stood at 12.7% ▪ ROE
Slide 8: Quarterly Highlights (1/4)
Quarterly Highlights (1/4) ₹ Lacs Operating Gross Operating PBT PAT Cash Income Profit EBITDA Profit 1 Q1 FY25 17,365 11,327 4,239 2,940 2,234 3,309 Growth (YOY) 10.2% 10.5% 15.5% 37.8% 43.5% 26.5% Growth (QOQ) 26.5% 3.9% 8.7% 18.4% 17.4% 13.0% Margin (%) 2 65.2% 24.4% 16.8% 12.7% Margin –YoY 17 bps
Slide 9: Quarterly Highlights (2/4)
Quarterly Highlights (2/4) ₹ Lacs Particulars 30-Jun-23 31-Mar-24 30-Jun-24 16.0% 12.5% 13.3% Net Worth 61,978 66,247 68,464 12.3% 10.2% 10.1% Gross Debt 20,886 8,528 10,773 Lease Liabilities 1,904 2,033 2,096 Cash & Cash Equivalents 718 624 1,108 Jun'23 Mar'24 Jun'24 Net Debt 22,072 9,937 11,761 RO
Slide 10: Quarterly Highlights (3/4)
Quarterly Highlights (3/4) ₹ Lacs Revenue Breakup Q1 FY25 Q1 FY24 YoY Change Q4 FY24 QoQ Change CRM Complex 10,222 10,397 (1.7%) 7,913 29.2% Rolling Mill (TMT Bars) 3,591 3,245 10.7% 2,401 49.6% Pipes and Tubes 1,897 984 92.8% 1,389 36.6% Logistics 1,214 730 66.4% 1,484 (18.2%) Others 440 396 11.0%
Slide 11: Quarterly Highlights (4/4)
Quarterly Highlights (4/4) CRM Complex Rolling Mill (TMT) 1 Pipes and Tubes 47,293 47,537 2,13,734 61,147 2,02,683 1,88,325 60,162 ₹ 10,397 57,126 33,091 34,677 ₹ 7,913 ₹ 10,222 ₹ 1,897 ₹ 2,483 56,386 ₹ 2,926 25,101 23,953 1,10,585 1,13,610 ₹ 2,277 52,740 52,836 ₹ 1,389 1,12,084 ₹ 984 Q1 FY24 Q4 FY2
Slide 12: Operational Highlights
Operational Highlights @> BMWIL BMW Industries Ltd.
Slide 13: Operational Update
Operational Update Installed Production in Annualized Particulars Capacity (MT) Q1 FY25 (MT) Utilization CRM Complex 10,14,000 2,13,734 84% Rolling Mill 3,00,000 61,147 82% (TMT Bars) Pipes & Tubes 4,14,000 47,293 46% Others 4,10,000 57,466 56% Revenue by Business Verticals Others 13% 14% 16% 21% Lo
Slide 14: Financial Highlights
Financial Highlights ¢2 BMWIL BMW Industries Ltd.
Slide 15: Quarterly Profit & Loss Summary
Quarterly Profit & Loss Summary ₹ Lacs Particulars Q1 FY25 Q1 FY24 YoY Change Q4 FY24 QoQ Change FY24 Operating Income 17,365 15,752 10.2% 13,731 26.5% 59,819 Gross Profit 11,327 10,248 10.5% 10,899 3.9% 41,091 Gross Profit Margin (%) 65.2% 65.1% 17 bps 79.4% (1414 bps) 68.7% Operating EBITDA 4
Slide 16: Strong Cashflow
Strong Cashflow PAT & Dividend Payout 15.2% 16.0% ▪ Net Debt/Equity as well as Net Debt/Operating EBITDA continues to remain low. Net ₹ LACS 14.0% 6,375 Debt/Equity is at a comfortable level of 0.17 12.0% 5,447 10.0% 8.3% 8.0% ▪ Judicious deployment of capital has enabled the company to consistently
Slide 17: Growth Strategies
Growth Strategies ¢2 BMWIL BMW Industries Ltd.
Slide 18: Stepping up the existing capacity
Stepping – up the existing capacity Pipes & Tubes Capacity Expansion Plans Increased Pipes & Tubes Capacity/Production (MT) 10,02,000 ▪ Expansion of Pipes & Tubes Production Capacity at existing plants in Kolkata & Jamshedpur 6,69,500 5,34,000 ▪ Out of the proposed capacity of 5,34,000 MT by the end
Slide 19: Strong Revenue Visibility
Strong Revenue Visibility Agreement for conversion of GP/GC sheets through the CRM Complex has been extended up to Expected Revenue of Rs. 2,000 Cr. over 1 September 2024 and is currently undergoing negotiation for the long-term contract the contracted period of 5 years KEY ENTRY BARRIERS: Capital R
Slide 20: Building our own Brand
Building our own Brand ASSET LIGHT MODEL ▪ Efficiently outsourcing manufacturing facilities FOCUS ON POSITIVE CASHFLOW ▪ Conversion Agreement for own brand in place ESTABLISH BRAND VALUE ▪ Introduction of adjacent product categories DISTRIBUTION IN PLACE & GROWING ▪ Cautious spending on building a r
Slide 21: Shareholding Pattern
Shareholding Pattern As on 30th June 2024 0.2% 13.8% Promoter & Promoter Group 12.0% Bodies Corporate Resident Individuals NRIs 74.0% 20
Slide 22: Key Investment Highlights
Key Investment Highlights Stable margins despite Established strong relationships volatile steel prices with key customers Efficient service environment Strong Cashflow built to serve its customers Strong Industry growth Proximity to major customers drivers and raw material suppliers 21
Slide 23: Thank You
Thank You For further details please contact: Chief Financial Officer Investor Relations Advisor Abhishek Agarwal Sanjeev Sancheti Email: abhishekagarwal@bmwil.co.in Email: ir@uirtus.in Phone No.: +91 8420555215 Website: www.uirtus.in 22