Cords Cable Industries Limited · NSE:CORDSCABLE
Cords Cable Industries — Q3 FY2020 Earnings Presentation
31 slides from Cords Cable Industries's earnings presentation, February 2020
Slide 1: Investor Presentation February 2020
Investor Presentation February 2020 1
Slide 2: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Cords Cable Industries Limite (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any
Slide 3: Strong Overall Performance in 9MFY20
Strong Overall Performance in 9MFY20 Revenues EBITDA ₹323.5 Crores 7% YoY ₹32.7 Crores 15% YoY EBITDA Margin PAT 10.10% 72 bps ₹5.9 Crores 17% YoY PAT Margin Order Book 1.83% 16 bps ~₹146 Crores 3
Slide 4: Q3FY20 Financial Performance
Q3FY20 Financial Performance Revenue (Rs. Crs.) EBITDA (Rs. Crs.) +1% +15% 112.3 113.1 11.6 10.1 Q3FY19 Q3FY20 Q3FY19 Q3FY20 EBITDA Margin % PAT (Rs. Crs.) +124 bps +8% 10.22% 2.1 8.98% 1.9 4 Q3FY19 Q3FY20 Q3FY19 Q3FY20
Slide 5: 9MFY20 Financial Performance
9MFY20 Financial Performance Revenue (Rs. Crs.) EBITDA (Rs. Crs.) +7% +15% 323.5 32.7 303.2 28.4 9MFY19 9MFY20 9MFY19 9MFY20 EBITDA Margin % PAT (Rs. Crs.) +72 bps +17% 10.10% 5.9 9.38% 5.1 5 9MFY19 9MFY20 9MFY19 9MFY20
Slide 6: Recent Business Updates
Recent Business Updates Wins order worth ~Rs. 22 Crores from Indian arm of a Taiwan based EPC services major Order • Awarded a prestigious order estimated at approximately Rs. 22 crores (gross of GST) from an Indian Win arm of a Taiwan based Engineering, Procurement and Construction services major •
Slide 7: Order Book Details
Order Book Details Order Book Break- Up FMCG & Industry Sector, 1.6% Water, 2.4% Hydrocarbons Fertilizers & Chemicals, 2.4% Total Order book of ~Rs. 146 Crores as Cement, Metals, 4.0% Metro & Freight corridors on 31st Dec 2019 Power, 17.5% Power Cement, Metals Hydrocarbons, 66.7% Order book to be ex
Slide 8: Q3FY20 Profit & Loss Statement
Q3FY20 Profit & Loss Statement Particulars (Rs. Crs.) Q3 FY20 Q3 FY19 YoY 9M FY20 9M FY19 YoY Revenue 113.1 112.3 0.7% 323.5 303.2 6.7% Cost of Goods Sold 87.2 91.8 253.0 244.5 Employee Expenses 6.5 5.0 17.3 13.5 Other Expenses 7.9 5.5 20.5 16.8 EBITDA 11.6 10.1 14.6% 32.7 28.4 14.9% EBITDA Margin 1
Slide 9: Balance Sheet
Balance Sheet Particulars (Rs. Crs.) Sep-19 Mar-19 Particulars (Rs. Crs.) Sep-19 Mar-19 ASSETS EQUITY & LIABILITIES Equity 138.4 134.6 Non-current assets 99.1 97.9 Equity Share capital 12.9 12.9 Property, plant and equipment 97.4 96.4 Other equity 125.5 121.7 Security Deposit 1.6 1.5 Non-current lia
Slide 10: Debt Profile
Debt Profile Debt Structure as on 30th Sept-19 Q3FY20 Finance Cost Break up Rs. Crs. 1.54 6.89 0.05 1.75 17% 0.96 0.46 2.14 83% Cash Credit Interest on Suppliers Bank Discounting Preference Total Interest Term Loan Interest Charges ^ & Dividend Factorinig* Term Loans Working Capital Loans ^ Bank Cha
Slide 11: About the Company
About the Company 11
Slide 12: A Specialized Control and Instrumentation Cable Company
A Specialized Control and Instrumentation Cable Company CORDS in a Nutshell 95% of our orders are based on customer specifications 81% of our cables constitute Instrumentation & Control Cables and 19% is Power Cables We have approvals from large public sector as well as private customers Current Cap
Slide 13: Speciality Cables: Wide Range of Products to Multiple Industries
… offering Wide Range of Products to Multiple Industries Fieldbus Cables EPR Cables Special Cables for Oil & Gas Instrumentation Cables Special Cables for Water Desalination Silicon Rubber Cables Thermocouple Cables Fire Survival Cables Control Cables Speciality Cables Low Smoke Halogen Free Cables
Slide 14: A Diverse Portfolio of Products
… with a Diverse Portfolio of Products Application Thermocouple ✓ Used to extend thermocouple circuits from the sensor to Cables reference unit Sales Composition Application ✓ Control Cables: Used in interconnection of process control, Control & Electrical communication and panel control systems 19%
Slide 15: Special Cables: Constant Innovation
… bringing Constant Innovation Fire retardant low smoke Railway jelly field Quad Cables Cables Field Bus Cables Fire Survival Cables Silicon Rubber Cables EPR Cables Special Water Desalination Cables cables Low Temperature Cables Eurobaslise Railway Safety Cables Oil & Gas Cables Low smoke zero Halo
Slide 16: With Focus on Quality
… with Focus on Quality Consistent Quality check at every stage Garnered a name for Quality Test Labs | Customer Interface | Quality Customer Product Design |Choice of Vendors| Checks Centric ✓ Customer service Manufacturing Process |Human Resource ✓ Timely deliveries Development | Customer service
Slide 17: Experienced Management Team
… Experienced Management Team Naveen Sawhney Chairman & MD A Mechanical Engineer and a PG Diploma in Marketing Management. Has an experience of over 45 years in the Cables Industry. His Vast experience, long-term vision, entrepreneurial abilities & strategic planning have led the Company towards gro
Slide 18: With Strong Core Values
… with Strong Core Values Honour Commitments Consistently maintain High Quality Strive for long-term relations and partnerships with customers, vendors and business associates Focus on product-development based on ever-changing needs of our customers Ensure Dignity of Labour Advancement in Technolog
Slide 19: Long Term Customer Relationship
… Long Term Customer Relationship Domestic International Over 20 years of Relationship 19
Slide 20: State of the Art Manufacturing Facilities
… State of the Art Manufacturing Facilities Chopanki Unit Chopanki & Kahrani ❖ Capacity of 30,000 Kms ❖ Manufactures LV Power, Instrumentation, Control & Speciality cables Rajasthan Kahrani Unit ❖ Capacity of 35,000 Kms ❖ Manufactures Control, Instrumentation, Fieldbus, PV Solar, EPR Insulated & oth
Slide 21: Certifications & Client Approvals
… Certifications & Client Approvals ❖ Manufacture cables conforming Type Tested by Major Approvals to International standards such as: EN, BS, IEC, VDE ❖ Hold BIS certification for all types of cables conforming to IS:1554(1)/1988 and IS:694-90 ❖ Quality Management System is ISO 9001:2008 Certified
Slide 22: Key Beneficiary of Modernisation and Upgradation of India
Key beneficiary of Modernisation and Upgradation of India Renewable Power Freight Corridor Oil & Gas FMCG Smart Cities Ferrous & non Ferrous Metals Transmission & Distribution Metro Rail Refineries Chemicals Cement LPG Bottling Nuclear & Thermal Power Airport Development Water Desalination Fertilise
Slide 23: Multiple Growth Drivers across Sectors
… with Multiple Growth Drivers across Sectors ❖ Oil & Gas ▪ Increase in safety measures, Replacement and new demand for speciality cables such as fire retardant and control cables to pick up as safety standards increase ▪ 2018-19 Budget set aside Rs. 87,000 crores for Exploration and production + Re
Slide 24: Dominance to Grow beyond the Industry
… Dominance to grow beyond the Industry Indian Wire & Cables industry Sectors Driving Increase in Demand 686 596 518 392 451 ❖ Hydrocarbon Sector ❖ Airport Modernization FY16 FY17 FY18 FY19 FY20E Rs. Bn. ❖ Freight Corridor Projects Speciality Cables at the cusp of growth ❖ Metro Rail Projects 31.0%
Slide 25: Supported by Technologically Advanced Facilities
Supported by Technologically Advanced Facilities Chopanki Unit Kahrani Unit 25
Slide 26: With the Capabilities to Double the Production
With the Capabilities to Double the Production Key initiatives leading to strong With Cords leadership in Cable Space Industrial growth Low Investment for growth ✓ Emphasis on Quality ✓ Valued long term Client Relationships ✓ Current Capacity – 65,000 Kms p.a. ✓ Indian Wire & Cables industry ✓ Diver
Slide 27: Segmental Revenue Highlights
Segmental Revenue Highlights Revenue Contribution Metros & Freight Corridors Hydrocarbons Power Sector 11% 54% 40% 36% 8% 29% 28% 36% 7% 19% 18% 3% 2% 9% 6% FY15 FY16 FY17 FY18 FY19 FY15 FY16 FY17 FY18 FY19 FY15 FY16 FY17 FY18 FY19 27
Slide 28: Approvals from esteemed clients (1/2)
Approvals from esteemed clients (1/2) Approved vendor for RDSO (Research Design & Standards Organization) under Government of India – Ministry of Railways ▪ This approval enables the company to offer "Underground Railway Jelly Filled Quad Cable for Signalling & Telecom Installations” to the Indian R
Slide 29: Approvals from esteemed clients (2/2)
Approvals from esteemed clients (2/2) Approval from Abu Dhabi National Approval from Samsung Revalidation of Enlistment from Oil Company [ADNOC] Engineering Co. Ltd. Engineers India Limited (EIL) ▪ Registered & Prequalified with ADNOC ▪ Registered as a Prequalified supplier for ▪ New validity of thi
Slide 30: Consistent Performance over the years
Consistent Performance over the years Revenue (Rs. Crs) EBITDA (Rs. Crs) 9% 12% 416.7 39.2 365.4 35.5 33.1 323.4 29.3 283.3 27.3 265.0 FY15 FY16 FY17 FY18 FY19 FY15 FY16 FY17 FY18 FY19 PAT (Rs. Crs) Margins % 10% 10% 10% 10% 9% 28% 7.4 6.3 5.2 3.1 1% 2% 2% 2% 2.7 1% FY15 FY16 FY17 FY18 FY19 FY15 FY1
Slide 31: Cords Cable Industries Limited contact details
Cords Cable Industries Limited Strategic Growth Advisors Pvt. Limited CIN: L74999DL1991PLC046092 CIN: U74140MH2010PTC204285 Mrs. Garima Pant, Company Secretary Mr. Pratik R. Shah csco@cordscable.com pratik.shah@sgapl.net +91 97692 60769 Mr. Sandeep Kumar, General Manager sandeep@cordscable.com Mr. S
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