John Cockerill India Limited · BSE:COCKERILL
John Cockerill India — Q2 2025 Earnings Presentation
44 slides from John Cockerill India's earnings presentation, Jul 30, 2025
Slide 1: Cover letter to BSE
rJ John ~ Cockerill Ref. : JCIL/BSE/2025 Date : July 30, 2025 To The Secretary, BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai - 400 001 Dear Sir, Scrip Code: 500147 Sub: Investor Presentation on the Unaudited Financial Results for the quarter and six months ended June 30, 2025 Ref: Reg
Slide 2: Investor Presentation – July 2025
.... ---------------------- John Cockerill India Limited Investor Presentation – July 2025 Revolutionising the Steel Industry… ••••
Slide 3: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by John Cockerill India Limited (the “Company” / “JCIL”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe
Slide 4: Executive Summary
Executive Summary rJ Cockerill ~ John John Cockerill develops large scale industrial solutions with expertise in Designing, Integration, Maintenance and Upgrading equipment • Expertise across – industry, Defense, Energy solutions, Hydrogen and Maintenance services Overview JCIL is John Cockerill Ind
Slide 5: About Us
About Us ENGINEERING | DESIGN | MANUFACTURING | ERECTION & COMMISSIONING | AFTER SALES
Slide 6: Group Overview
Group Overview r2 John Cockerill 200+ years of Experience Headquartered in Seraing (BE), a Belgian based privately-owned industrial group :------- Areas of Expertise I I 'II I I I I I Industry Defense Energy Solutions I I I I I I I I I I I I I I I I I I I I I I I I I I I ...., I I I I I I I I I I I
Slide 7: Industry Segment Portfolio
Industry Segment Portfolio ~ Cockerill John Global Industry Segment Portfolio Metals Surface Treatment Metals Business Portfolio I I I I ' I I I I I ' I 'I I I I I I Processing and Rolling Iron and Steel Making Technology Services and Energy Efficiency I I L. - - - - - - - - - - - - - - - - - - - -
Slide 8: John Cockerill - Metals Business
John Cockerill - Metals Business ,., John . ~ Cockerill Processing & Rolling 01* Metals Business • Product portfolio for both, carbon and silicon steel • Processing, coating & pickling lines, cold rolling mill, acid regeneration plant, etc. Iron & Steel Making Technology 02 # Operating out of 4 regi
Slide 9: Key Products
Key Products ,., John ~ Cockerill 01 Processing & Rolling 02 Iron & Steel Making Technology 03 Services & Energy Efficiency • Largely Focused on Downstream • Largely Focused on Upstream Steel • Key focus on revamping existing steel Steel Manufacturing Processes Manufacturing Processes plants • Key P
Slide 10: Portfolio Focused on Downstream Steel Processes
Portfolio Focused on Downstream Steel Processes Carbon Steel Continuous Casting Silicon Steel Continuous Casting + JC Metals portfolio I t JC Premium/Innovation Technology /" Slabs f I :i!t I f Reheat Furnace I I JC Premium Technology included (*) HOT ROLLNG Reheat Furnace t • Mini Mill HSM - Hot St
Slide 11: Revolutionary Technology - Jet Vapor Deposition (JVD)
Revolutionary Technology - Jet Vapor Deposition (JVD)* rJ John Cockerill A breakthrough and Innovative Technology on Zinc Coating Process in downstream steel making process An advanced coating process that vaporizes zinc in a vacuum and deposits it onto steel at sonic speeds, creating a uniform, ada
Slide 12: Roadmap to Enter Upstream Steel Process
Roadmap to Enter Upstream Steel Process u1.1or ~ ~ ll!J8>t~OO Conventional Routes New Routes I Upstream expansion roadmap I BF-BOF Scrap-EAF T DRI-EAF T ' T H2 DRI-EAF T T Electrolysis ¥ ¥ iron ore gas H2 JC Premium / Innovation Tech RAW MATERIALS coal iron ore i limestone i scrap steel electricity
Slide 13: Volteron
VolteronTM rJ Cockerill ~ John Innovative electrochemical process revolutionising upstream steelmaking - VolteronTM - co-developed by John Cockerill and ArcelorMittal Innovative Process New Technology Platform A first of its kind carbon-free iron extraction and steel The iron plates are processed in
Slide 14: Steel Sector Outlook
Steel Sector Outlook ENGINEERING | DESIGN | MANUFACTURING | ERECTION & COMMISSIONING | AFTER SALES
Slide 15: Steel Demand Outlook
Steel Demand Outlook r-J Cockerill ~ John • Modest growth expected in the global steel demand, mainly driven by infrastructure projects in developing economies. Steel market : regional context • Three megatrends are likely to play a crucial role in the steel sector’s transition pathway to reach net-
Slide 16: Opportunities in India
Opportunities in India rJ~n Growing demand for steel Policy support o 100% Foreign Direct Investment, hike in export duty on iron ore, etc. are supportive policies. /,,,. ., ..... ---~- .........,~ India’s competitiveness Capacity expansions & revamping r \ o Ministry of Steel has set targets to of
Slide 17: JCIL and its Growth Strategy
JCIL and its Growth Strategy ENGINEERING | DESIGN | MANUFACTURING | ERECTION & COMMISSIONING | AFTER SALES
Slide 18: John Cockerill India Limited (JCIL)
John Cockerill India Limited (JCIL) ~ Cockerill John Background History / Timelines 1 JCIL is John Cockerill Industry’s Indian hub and center of excellence for cold rolling mill complexes. 1986 Incorporation Incorporated as Flat Product JCIL is a global leader in the conception, manufacture, and Equ
Slide 19: Manufacturing Sites in India
Manufacturing Sites in India rJ Cockerill ~ John Taloja Hedavali Centre of Excellence for Manufacturing of Cold Rolling Mills with Fabrication, Sandblasting and painting facility Spread across quality norms Spread across 25,000 sq. mt. 1,00,000+ sq. mt. Machining Capacity of 1,800 Assembly Capacity
Slide 20: JCIL Development Plan in India
JCIL Development Plan in India r} John Cockerill A pivotal step toward bolstering operational capacity, mitigating challenges posed by seasonal conditions and enhancing long-term productivity Shed Expansion – Taloja Increase in production capacity 01 • The addition of 24 assembly stations under a pe
Slide 21: Rolls Coating services – Augmenting After-Sale Capabilities
Rolls Coating services – Augmenting JCIL’s After-Sale Capabilities ~ Cockerill John JCIL partners with Advanced Coatings SA to provide high-performance Rolls Coating services in India Advanced Coatings SA (“AC”) Offers Thermal Spray, Grinding and Finishing services to Steel and Aerospace industries
Slide 22: Growth Drivers
Growth Drivers ~., John . ~ Cocker1II Innovation & Technology • To move from conventional steel manufacturing processes to new routes for better efficiencies (e.g. JVD, Volteron) Market shift Business becomes more regional with local footprint required and effective cost structure Steel Decarbonisat
Slide 23: Business Strategy
Business Strategy ,., John ~ Cockerill Establishing a portfolio of technologies in Establish a market relevant portfolio of technologies in green steel, high strength steel and become a 1 steelmaking global Tier 1 steelmaking solutions provider Foray into upstream steel making processes with focus o
Slide 24: Way Forward - Action Plan
Way Forward - Action Plan r i =ertll New technology and enhancing manufacturing Becoming a trustable partner to develop world class steel plant in partnership with a steel maker and showcase the innovation technologies developed/acquired by John Cockerill. Revamping and strengthening customer servic
Slide 25: Key Management Personnel
Key Management Personnel r/J John Cockerill Mr. Francois-David MARTINO Mr. Michael KOTAS Mr. Marc DUMONT Mr. Haresh VALA Chairman Managing Director Chief Financial Officer Company Secretary 25+ years of international management 20+ years of international business 25+ years of finance experience in m
Slide 26: Board of Directors
Board of Directors r-J John ~ Cockerill Mr. Francois-David MARTINO Mr. Michael KOTAS Mr. Vivek BHIDE Mr. Frederic LEMAITRE Chairman Managing Director Non-Executive Director Non-Executive Director 25+ years of international management 20+ years of international business 30+ years of international 25+
Slide 27: Global Recognition and Industry Leadership
Global Recognition and Industry Leadership rJ Cockerill ~ John Her Highness Princess Astrid of Belgium visits JCIL’s Taloja facility A highlight of the year was the Royal visit by Her Highness Princess Astrid of Belgium to our Taloja facility—a proud moment that reinforced the global relevance of ou
Slide 28: Financial Performance
Financial Performance ENGINEERING | DESIGN | MANUFACTURING | ERECTION & COMMISSIONING | AFTER SALES
Slide 29: Chairman's Message
Chairman's Message rJ Cockerill ~ John Commenting on the Q2CY25 performance, Mr. Francois-David MARTINO – Chairman said, “Steel producers in India faced a double whammy last year. While global geopolitical volatility and domestic election period slowdown impacted demand, influx of low-cost supply fr
Slide 30: Profit and Loss Statement – Quarter-on-Quarter Evolution
Profit and Loss Statement – Quarter-on-Quarter Evolution rJ John Cockerill 1,471 ❖ Revenue over the past year impacted by delays in capex announcements by steel Revenue (INR mn) manufacturers due to hit on their profitability 933 760 723 764 821 and macroeconomic volatility. ❖ Steel prices dropped t
Slide 31: Q2CY25 Financial Highlights
Q2CY25 Financial Highlights ,., John ~ Cockerill -... --- -- --- -- ----- -- --- -- ----- -- --- -- ----- -- --- -- ----......... [ Revenue (INR Mn) EBITDA (INR Mn) ] [ PAT (INR Mn) /,,/ Key Highlights ',,\ 'I '' '' ❖ Following signs of stabilization last 933 19 17 quarter, the business environment
Slide 32: Profit and Loss Statement – Q2CY25
Profit and Loss Statement – Q2CY25 ,., John ~ Cockerill Particulars (INR Mn) Q2CY25 Q2CY24 Y-o-Y * Q1CY25 Q-o-Q * Revenue from Operations 821.2 932.9 -12.0% 764.2 7.4% Raw Material Cost 426.6 545.5 388.7 Material Margin 394.5 387.4 1.8% 375.5 5.1% Material Margin (%) 48.0% 41.5% 650 bps 49.1% -110 b
Slide 33: Balance Sheet – June 2025
Balance Sheet – June 2025 ,., John ~ Cockerill ASSETS (INR Mn) Jun-25 Dec-24 EQUITY AND LIABILITIES (INR Mn) Jun-25 Dec-24 Non-Current Assets Shareholders' Funds Property, Plant and Equipment 456.8 474.0 Share Capital 49.4 49.4 Capital WIP 58.7 47.9 Reserves & Surplus 1,976.0 1,962.1 Investment Prop
Slide 34: Abridged Cash Flow Statement – H1CY25
Abridged Cash Flow Statement – H1CY25 ,., John ~ Cockerill Cash Flow Statement (INR Mn) H1CY25 H1CY24 Profit/(Loss) Before Tax 13.0 47.0 Adjustments for Non-Cash and Non-Operational Expenses / (Incomes) -0.7 1.0 Operating Profit / (Loss) Before Working Capital Changes 12.2 48.0 I Changes in Working
Slide 35: ESG
ESG E Environmental s G Social Governance ENGINEERING | DESIGN | MANUFACTURING | ERECTION & COMMISSIONING | AFTER SALES
Slide 36: Environment Social Governance (ESG) 1/2
Environment Social Governance (ESG) 1/2 ,., John ~ Cockerill Promoting sustainable downstream Promoting sustainable upstream processes processes This technology requires low energy consumption and fastens the Technologies like - Direct Reduced Iron (DRI) using production by 2x times, thus resulting
Slide 37: Environment Social Governance (ESG) 2/2
Environment Social Governance (ESG) 2/2 ,., John ~ Cockerill JCIL is actively implementing energy conservation measures, such as upgrading equipment and Commitment to optimizing factory operations. These initiatives aim to reduce reliance on non-renewable energy and Renewable improve environmental s
Slide 38: Historical Performance
- ~ ~- ,, - . ;~~~ I .. ~~-- - I - ,: . ll t!~~ - ·-- '-- J . . . _._ fi!C? II - I 1 Historical Performance ENGINEERING | DESIGN | MANUFACTURING | ERECTION & COMMISSIONING | AFTER SALES
Slide 39: Profit and Loss Statement
Profit and Loss Statement ,., John ~ Cockerill Profit and Loss Statement (INR Mn) CY24 9M ended Dec-23 * FY23 FY22 Revenue from Operations 3,887.3 6,666.3 4,837.0 3,827.8 Raw Material Cost 2,446.8 4,976.2 3,320.3 2,674.1 Material Margin 1,440.5 1,690.0 1,516.7 1,153.7 Material Margin (%) 37.1% 25.4%
Slide 40: Balance Sheet
Balance Sheet ,., John ~ Cockerill ASSETS (INR Mn) Dec-24 Dec-23 Mar-23 Mar-22 EQUITY AND LIABILITIES (INR Mn) Dec-24 Dec-23 Mar-23 Mar-22 Non-Current Assets Shareholders' Funds Property, Plant and Equipment 474.0 489.1 469.2 484.0 Share Capital 49.4 49.4 49.4 49.4 Capital WIP 47.9 7.2 15.5 6.6 Rese
Slide 41: Abridged Cash Flow Statement
Abridged Cash Flow Statement ,., John ~ Cockerill 9M ended Abridged Cash Flow Statement (INR Mn) CY24 FY23 FY22 Dec-23* Profit/(Loss) Before Tax -71.7 260.7 161.8 44.3 Adjustments for Non-Cash and Non-Operational Expenses / (Incomes) 49.4 16.0 -59.5 -22.6 Operating Profit / (Loss) Before Working Cap
Slide 42: Historical Performance
Historical Performance rJ John Cockerill Revenue (INR Mn) EBITDA (INR Mn) Profit Before Tax (INR Mn) 6,666 261 261 4,837 162 3,828 3,887 95 66 44 FY22 FY23 9M ended CY24 -38 -72 Dec-23* FY22 FY23 9M ended CY24 FY22 FY23 9M ended CY24 Dec-23* Dec-23* I --------------------, I I --------------------,
Slide 43: Key Ratios
Key Ratios rJ John Cockerill Working Capital Days Return on Assets (%) Dividend Payout (%) 41 2.6% 21% 2.2% 19% 16% 1.2% -5 -24 0% -56 -0.8% FY22 FY23 9M ended CY24 FY22 FY23 9M ended CY24 FY22 FY23 9M ended CY24 Dec-23* Dec-23* Dec-23* I I --------------------, Return on Capital Employed (%) I I --
Slide 44: Thank You
Thank You.. For more information, please contact Company: Investor Relations Advisor: r, John ~ Cockerill sGA St rat egic Gr owth Advisors John Cockerill India Limited Strategic Growth Advisors Pvt. Ltd. CIN - L99999MH1986PLC039921 CIN - U74140MH2010PTC204285 Mr. Haresh Vala Mr. Sagar Shroff / Mr. T