Steelcast Ltd. · NSE:STEELCAS
Steelcast — Q3FY25 Earnings Presentation
28 slides from Steelcast's earnings presentation, Jan 28, 2025
Slide 1: Covering letter to stock exchanges
AC/2079 28.01.2025 The Secretary, National Stock Exchange of India Limited, BSE Limited, Exchange Plaza, 5th Floor, Phiroze Jeejeebhoy Towers, Plot No.C/1, G Block, Dalal Street, Bandra-Kurla Complex, MUMBAI - 400 001 Bandra (E), Mumbai - 400 051 Scrip Code: 513517 Scrip Symbol: STEELCAS Dear Sir/Ma
Slide 2: Steelcast Investor Presentation Q3FY25 & 9MFY25
STEELCAST INVESTOR PRESENTATION Q3FY25 & 9MFY25
Slide 3: Table of Contents
TABLE OF CONTENTS Company Overview Financial Performance Strong Business Model Outlook & Rationalization Measures Page 2
Slide 4: Company Overview
01. Company Overview Page 3
Slide 5: Steelcast – In a Nutshell
Steelcast – In a Nutshell 65 Years 9 80% Manufacturing Sectors Renewable Power Plants Experience Catered Currently Captive Power Supply 29,000 TPA 75% Castings shipped as Two Star Export House fully machined Capacity Competes with Global shipped as fully machined players 5 Kgs-2,500 Kgs Sand & Shell
Slide 6: Steelcast – Over 6 Decades of Legacy
Steelcast – Over 6 Decades of Legacy Company enjoys a Premier Position in the steel Casting Industry in India Sectors catered Earth Moving One of the few companies in India and Globally manufacturing structural steelcastings based on sand and shell casting process Mining Wide range of casting produc
Slide 7: Financial Performance
02. Financial Performance (Q3FY25 & 9MFY25) Page 6
Slide 8: Q3FY25 & 9MFY25 Performance Highlights
Q3FY25 & 9MFY25 Performance Highlights Highlights The company reported better performance in this quarter on account of supply chain inventory liquidation and improved domestic demand. Overall profitability improved compared to Q2FY25 driven by Q3FY25 higher volumes, Exchange Rate Gain, improved Ope
Slide 9: Q3FY25 Result Highlights
Q3FY25 Result Highlights QoQ Highlights Revenue from Operations (₹ crore) EBIDTA* (₹ crore) & EBITDA Margin * (%) PAT (₹ crore) & PAT Margin (%) 101.8 28.3 30.0 28.0% 25.0 19.5% 19.2 18.5% 75.9 25.0 19.6 27.8% 27.0% 20.0 17.5% 20.0 13.3 18.9% 16.5% 25.8% 15.0 15.5% 34.1% 15.0 26.0% 44.7% 44.5% 10.0
Slide 10: Quarterly Profit & Loss Statement
Quarterly Profit & Loss Statement Particulars (Rs.Crs ) Q3FY25 Q3FY24 Y-o-Y Q2FY25 Q-o-Q 9MFY25 9MFY24 Y-o-Y Revenue from Operations 101.8 90.3 12.7% 75.9 34.1% 255.4 311.4 -18.0% Cost of Materials consumed 24.9 18.9 31.3% 18.3 36.2% 58.1 67.7 -14.1% Changes in Inventories of finished goods & WIP -6
Slide 11: Revenue Breakup – 9MFY25
Revenue Breakup – 9MFY25 Segment-wise Revenue (%) Geography-wise Revenue (%) Total Revenue 49.0% 51.0% Rs 255.4 Cr 100% OEM Sales Domestic Exports ‹#› Page 10
Slide 12: Quarterly Result analysis
Quarterly Result analysis % of Revenue 30% Q3FY25 Q2FY25 Q3FY24 25% 25.9 25.4 24.4 24.0 23.6 20% 21.0 18.9 19.3 17.5 15% 14.9 13.7 13.2 12.9 12.6 11.8 12.2 10% 11.4 11.5 11.6 10.6 8.5 5% 6.0 5.2 3.9 0.2 0.0 0.1 0% Materials Consumed Employee Cost Finance Cost Mfg Expense Power & Fuel Stores & Spares
Slide 13: Key Highlights for Q3FY25
Key Highlights for Q3FY25 Operational & Financial Performance • In Q3FY25, Capacity Utilization increased to 50% compared to 40% in Q2FY25 to meet the growing demand. • Domestic segment has shown improvement in growth of 53% YoY, contributing 55% to the overall revenue. • The revenue from operations
Slide 14: Five-Year CAGR Snapshot: Unveiling Business Growth Trends
Five-Year CAGR Snapshot: Unveiling Business Growth Trends Revenue from operations EBIDTA (Excluding Other Income) 114 117 +19.6% 477 +33.1% 410 302 64 201 37 158 31 2020 2021 2022 2023 2024 2020 2021 2022 2023 2024 EBIT (Excluding Other Income) PAT 96 99 71 75 +47.0% +75.0% 46 33 21 18 12 8 2020 202
Slide 15: Strong Business Model of Steelcast
03. Strong Business Model of Steelcast Page 14
Slide 16: Diversified Business Model catering to Varied OEMs in Different Industries
Diversified Business Model catering to Varied OEMs in Different Industries… Existing Segments Earth Moving Industry Mining Mineral Processing Industry Electro Locomotive Steel Plants Cement Construction ‹#› Page 15
Slide 17: Expanding our footprint to new segments
Expanding our footprint to new segments Foray into New Segments Ground Engaging Tools Railways Defence (GETs) ‹#› Page 16
Slide 18: Moats
Moats Moats of the company : Cost Barrier High margin due to cost plus model Expertise spanning over decades Debt Free Entry barrier due to high replacement cost and Strong R&D and Technological Capabilities. Customer loyalty Well Experienced Team & Balanced / professional BOD Green Energy Global Fo
Slide 19: Hybrid and Solar Power Plants-Existing
Hybrid and Solar Power Plants-Existing Summary of Hybrid Power Plant Total Saving in Estimated Landed Cost Hybrid Capacity Current cost of Cr Rs/Year after Sr. No. Offer Generation in Cr Rs/KWH at Saving rate MW power fixed charges Units/Yr Consumer Bus deduction Group Captive 1 after revised 4.5 2.
Slide 20: Hybrid and Solar Power Plants-Proposed
Hybrid and Solar Power Plants-Proposed Summary of Hybrid Power Plant Estimated Landed Cost Total Saving in Hybrid Total Investment in Sr. Generation Rs/KWH at Current cost Rs Cr /Year after Payback Period Offer Capacity Saving rate Rs Cr. No. in Cr Consumer of power fixed charges in Years MW Units/Y
Slide 21: Locational Advantage
Locational Advantage Situated in Bhavnagar, Gujarat, which is a power surplus Company’s own 66KV power transmission station with state 10 MW power available 24*7 The major raw material (scrap) is available with high degree of purity and at competitive price from Well connected with major cities of G
Slide 22: Presence across the Globe
Presence across the Globe “Two-Star Export Denmark House Status holder” Canada Germany Poland South Korea Slovakia USA Japan China We have presence in 15 India Headquartered Thailand countries, and we expect Mexico to increase the same in Singapore 18+ countries in the next 1 to 2 years Brazil Austr
Slide 23: Certifications & Recognitions
Certifications & Recognitions An ISO: 9001-2015 An ISO:45001-2018 An ISO:14001-2015 An EN:9100:2018 D An NABL (National Certified by Transportation Company certified by TUV Company certified by TUV Company certified by TUV company certified by TUV Accreditation Board for & Power Generation NORD, Ger
Slide 24: Outlook & Rationalization Measures
04. Outlook & Rationalization Measures Page 23
Slide 25: Building Excellence: Key Pillars of Steelcast's Enduring Success
Building Excellence: Key Pillars of Steelcast's Enduring Success Reliable quality supplier with long association with marquee customers Adequate capacity with ramp-up capabilities Seasoned and experienced management team and skilled work force Six decades robust experience of surviving and sustainin
Slide 26: Strategy to Explore Potential Growth Opportunities
Strategy to Explore Potential Growth Opportunities Strengthening business Enhancing component Entry in New Provides ready to relationship with the Adding new sectors basket through new Geographies use/machined parts existing customers product development Short Term Future Long Term • Recovery from s
Slide 27: Safe Harbour
Safe Harbour This presentation has been prepared by and is the sole responsibility of Steelcast 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 inducem
Slide 28: Thank You
THANK YOU Kanav Khanna / Arpit Mundra Mr. Subhash Sharma, ED & CFO Email: kanav.khanna@in.ey.com / Email : ss@steelcast.com arpit.mundra@in.ey.com Phone Number : +91-9910036240 / +91- 9265185627 Page 27