Skipper Ltd · NSE:SKIPPER
Skipper — Q1 FY2024 Earnings Presentation
35 slides from Skipper's earnings presentation, Aug 10, 2023
Slide 1: Embracing Triumph, Shaping Tomorrow
Rediscovering Roots Embracing Triumph, Shaping Tomorrow INVESTOR PRESENTATION Q1 FY’24 Results 10th August 2023
Slide 2: About Us
About Us Vision Mission To produce world - class 1 2 3 4 5 quality products ensuring To continue to To continue to To continue to To ensure the To reduce carbon robust National add value-added focus on sectors tap newer greater scale and footprints, and Infrastructure products and of power and geogr
Slide 3: Core Strengths
Core Strengths 41+ India’s largest and world's only Integrated T&D company having its own Structure Largest rolling, manufacturing, Tower Load Testing manufacturer of Station & Transmission Line EPC T&D structures Years of Excellence in India Awarded as “Largest Tower 2450+ Exporting to 50+ One of t
Slide 4: Inflection Point with Growth Ahead
Sustainable, diversified Confidence Boost with International & profitable businesses well- winning key projects puts domestic opportunities positioned to continue to us as front runner in for growth in key segments Inflection generate compelling long- term growth key segments – Power Transmission, T
Slide 5: Management
Management Whole Time Sajan Kumar Bansal Sharan Bansal Devesh Bansal Siddharth Bansal Yash Pall Jain Managing Director Director Director Director Director Independent Mr. Amit Kiran Deb Mrs. Mamta Binani Mr. Raj Kumar Patodi Mr. Ashok Bhandari Sri Pramod Kumar Shah Chairman Independent Director Inde
Slide 6: Core differentiators
Core differentiators Broad Based Portfolio Exciting Opportunities Ahead Our Ability to Win Enhanced Profitability Diversified Products Build on Long-Standing India’s largest and world's only end Operational delivering sustainable Relationships with our to end Integrated T&D company efficiencies & gr
Slide 7: Product Portfolio
Product Portfolio Engineering Infrastructure Polymer Power Transmission Railway Transmission UPVC Tower Structures Line EPC Pipes MS & Power High Distribution Tensile Telecom CPVC Poles Angles EPC Pipes Test Station and R&D Railway HDPE Monopoles Center Electrification Pipes Fasteners & Telecom Towe
Slide 8: R&D Capabilities
R&D Capabilities Leading through innovation Tested towers & monopoles • We have strengthened our • We are assuring our clients by innovation capabilities backed by our talented designing and R&D conducting prototype tests in our state-of-art test centers. 765 kV S/C 220 kV 765 kV D/C Monopole D/C To
Slide 9: Performance & Financial Highlights – Q1'24
Performance & Financial Highlights – Q1’24
Slide 10: Business Update – Q1 FY'24
Business Update– Q1 FY’24 Revenue Performance Highlights Operational Highlights Strong revenue performance across Export share in overall engineering Focus continues on Bottom-line improvement ; major business segments; achieved revenue stood at 36 % in Q1 Fy’24 • Consolidated PBT increased to Rs 23
Slide 11: Consolidated Financial Performance Q1 FY'24
Consolidated Financial Performance Q1 FY’24 Rs in Mn YoY Sl Profit & Loss Summary Q1 FY’24 Q1 FY’23 Change % 1 Revenues 5,545.8 4,160.9 33.3% 2 Operating EBITDA (without forex & JV) 566.4 490.9 15.4% Operating EBITDA Margins (%) 10.2% 11.8% 3 (+) Other Income 14.6 11.5 4 (-) Depreciation 124.3 126.2
Slide 12: Segment Report
Segment Report Segment Profit & Loşs Summary Q1 FY'24 Q1 FY'23 Change % Net Sales 3,577.9 3,096.1 15.6% Engineering EBITDA - Operating 428.1 420.7 1.8% Products % of Sales 12.0% 13.6% Net şales 1,282.2 878.8 45.9% Infra Polymer Polymer 12% EBITDA - Operating 95.1 60.7 56.6% Products 23% %of şales 7.
Slide 13: Performance highlights – Q1 FY'24
Performance highlights – Q1 Fy ’24 Strong Revenue Performance across major business segments Stand Alone - Revenue Rs in Mn Rs in Mn Segment - Revenue 5,545 33 % 5,000 + 16 % 4,161 4,000 3,578 3,096 3,000 + 46 % 2,000 + 269 % 1,282 879 685 1,000 186 0 Q1 FY '24 Q1 FY'23 Engg Polymer Infra Q1 Fy'24 Q
Slide 14: Improvement Trends
Improvement Trends Consistent & Improved Operating Margin Performance 15.0% 12.7% 12.8% 12.0% 10.8% 10.7% 10.0% 11.1% 8.8% 11.0% 9.8% 10.2% 8.7% 7.3% 7.4% 5.0% 4.8% 4.1% 3.3% 3.4% 2.1% 0.0% Fy'19 Fy'20 Fy'21 Fy'22 Fy'23 Q1 FY'24 Stand Alone Engineering Polymer • Engineering margin have been improvin
Slide 15: Order Book Update – 30th June 2023
Order Book Update – 30th June 2023 Order Book Highlights The order book, as on June 30th , 2023, stands at The company has a robust bidding pipeline, The company has secured new orders Rs 53,720 million, and is well-diversified actively pursuing projects worth worth Rs 12,150 million, during the Qua
Slide 16: Order Book Pie
Order Book Pie Engineering Products Order Book Composition – June 2023 Total Order Book Segment Break up Rs 53,720 million Domestic 24% Export 50% 76% 24% Order Breakup 26% Domestic Export T&D Export Non T&D Domestic Non T&D Products includes - Telecom, Railways, Solar, Fasteners & other Steel Struc
Slide 17: Order Inflow Trend
Order Inflow Trend Q1 ’24 Total inflows - Rs 12,150 Mn Q1’ 24 Export Inflow - Rs 4,790 Mn Achieved highest ever order inflow for any 28,630 quarter Rs in Miilion Achieved Best ever First Quarter Inflow Consistently clocked inflows in excess of 12,150 4,000 mn for the past many quarters 4,530 5,010 4
Slide 18: Strong Bidding Pipeline
Strong Bidding Pipeline Strong Bidding Pipeline of 125,500 Million as on 30th June 2023; International – 60,000 Mn & Domestic - 65,500 Mn Expecting International Ordering & Execution to gain further pace in FY’24; In advanced Stages of negotiation to secure some good size International contract Larg
Slide 19: Optimistic Outlook
Optimistic Outlook The massive global and Post Covid India has emerged The Inter-state transmission India plans to generate and As the global focus on renewables domestic focus and as a preferred sourcing location system for evacuation and integrate 500 GW Of energy continues to grow, many investmen
Slide 20: Emphasizing Export Expansion
Emphasizing Export Expansion International Certifications Increased Export Favorable Business Enhanced Brand Certification Country Growth Potential Climate Positioning CFE/LAPEM Mexico Targeting a significant increase in Post Covid India has emerged as a Recent establishment of an R&D Centre CWB Can
Slide 21: Global Footprints
Global Footprints South America Europe • Peru • UK • Colombia • Spain • Chile • Finland • Paraguay • Panama Africa • Uruguay •Kenya •Egypt •Ghana Middle east •Nigeria • Jordan •Zambia • Saudi Arabia •Sierra Leone •Guinea UAE •South Africa • Qatar •Botswana • Israel •Burundi •Angola South and South E
Slide 22: Polymer Products Business
Polymer Products Business >
Slide 23: Polymer Highlights
Polymer Highlights Leading manufacturer Cumulative Production Company on boarded two Growing National Presence Largest manufacturer and distributor of polymer Capacity of 62,000 renowned cricketers with Over 31,000 Retail of PVC pipes in West Bengal pipes and fittings, catering TPA Mr. M.S.Dhoni and
Slide 24: Polymer Performance Highlights
Polymer Performance Highlights Achieved Best ever First Quarter Revenue performance on back of strong volume growth Sales Tonnage (MT) Revenue (Rs in Mn) EBITDA (Rs in Mn) Rs in Million Rs in Miilion Qty in MT 8,880 1,282 95 879 61 4,501 Q1 FY'24 Q1 FY'23 Q1 FY'24 Q1 FY'23 Q1 FY'24 Q1 FY'23 Manageme
Slide 25: Polymer Growth Drivers
Polymer Growth Drivers The PVC and Fittings market, estimated to be Growing PVC pipe demand in India The Jal Jeevan Mission (JJM) initiative worth approximately Rs 300 billion in FY 2020, is fueled by government initiatives like aims to provide tap water predicted to reach Rs 500 billion by FY 2025,
Slide 26: Skipper Pipes – 100% Lead Free Campaign
Skipper Pipes – 100% Lead Free Campaign Skipper Pipes have been certified with highest standard of NSF 14. Investor Presentation | May 2023 26
Slide 27: Skipper Pipes – 100% Lead Free Campaign
Skipper Pipes – 100% Lead Free Campaign The campaign aims at creating awareness about 100% lead free and NSF 14 certified CPVC pipes for Indian households and the importance of using best in class lead free pipes for potable water solutions was very well appreciated across all the market place. Inve
Slide 28: Future Performance Outlook
Future Performance Outlook Company expects to clock revenue growth in excess of 25% CAGR for the next 3 financial years on back of strong pending execution engineering contracts and strong polymer segment performance ; Diversification into international markets and sectors will help us to pick choos
Slide 29: Shareholding Pattern
Shareholding Pattern Shareholding pattern As on 31st July’ 23 Major Shareholders As on 31st July 23 Name % Promoters Baillie Gifford - Pacific Horizon Investment Trust 4.3% 72% India Capital Growth Fund (ICGF) 3.2 % Foreign Portfliio Ajay Upadhyaya 1.3% Investors Aakarshan Tracom Pvt Ltd 1.2% 10% Cr
Slide 30: Social and Environment Initiatives
Social and Environment Initiatives Skipper cares Our company's journey towards contributing to society began long ago, and we have always believed that it's an integral part of our ecosystem. To ensure that our efforts are focused and effective, we have developed a CSR Framework in line with Schedul
Slide 31: Social and Environment Initiatives
Social and Environment Initiatives Investor Presentation | May 2023 31
Slide 32: Environmental, Social and Governance (ESG)
Environmental, Social and Governance (ESG) In April 2022, installed 90 KLD capacity STP to promote water conservation and explore opportunities for reusing of treated sewage water. Especially designed engineered bacteria have been used for treatment of generated sewage Clean Fuel for Furnace Operati
Slide 33: Environmental, Social and Governance (ESG)
Environmental, Social and Governance (ESG) Investor Presentation | May 2023 33
Slide 34: Recognition
Recognition Recognized Great place to work 2 years consecutively AWARD: AWARD: AWARD: AWARD: THE LARGEST TOWER EMERGING POWER EPC GLOBAL HR NO. 1 EMERGING BRAND SUPPLIER FOR 3rd PLAYER GIVEN BY: EPC EXCELLENCE IN POLYMER PIPES & CONSECUTIVE YEAR GIVEN WORLD GIVEN BY: FITTINGS BY: Image to Come WORLD
Slide 35: Thank you
DISCLAIMER This Investor Presentation has been prepared by Skipper Limited for investors, solely for informational purposes. The information contained herein has been prepared to assist prospective investors in making their own evaluation of the Company and does not purport to be all-inclusive or to