Olectra Greentech Limited · NSE:OLECTRA
Olectra Greentech — Q3 FY2024 Earnings Presentation
29 slides from Olectra Greentech's earnings presentation, Jan 31, 2024
Slide 1: +E Buses on Indian roads
* +E Buses on Indian roads *As at September 30, 2023
Slide 2: Disclaimer
Disclaimer This presentation (“Presentation”) does not constitute a prospectus, a statement in lieu of a prospectus, an offering circular, an advertisement, an offer document or and offering memorandum, under the Companies Act, 2013, the Securities and Exchange Board of India (Issue of Capital and D
Slide 3: Company Overview
Company Overview
Slide 4: Olectra Greentech: Company Snapshot
Olectra Greentech : Company Snapshot Incorporated in 2000, a leading Manufacturing Setting up new manufacturer of electric buses in India facilities located in One of the largest greenfield plant with Primarily engaged (1), and completed homologation of first Hyderabad, with manufacturers of capacit
Slide 5: Olectra E-Bus and E-Tipper Product Range
Olectra E-Bus and E-Tipper Product Range Olectra V2 -7m Olecra iX - 9m Olectra X2 - 12m Olectra CX2 – 12M Olectra E-Tipper 6x4 Coach Type I Type II Type I Luxe Type I Type II Type III E-Tipper Tarmac 150 Kms 180 – 220 Kms 200 – 300 Kms 300 Kms Estimated Range 5
Slide 6: Olectra: Timeline
Olectra : Timeline 7m,9m,12m Electric AC bus launched 5,831 8,088 Orders On hand 2,625 754 2023 Homologated 4 Models with 135 Electric bus variants and 2022 the E-Tipper 6x4 545 2021 “Limca Book of Records” – 513 2020 - First electric bus service in India for Manali- Rohtang Operations 2019 E-buses
Slide 7: Industry Scenario
% Industry Scenario
Slide 8: Industry Overview: Global E-bus penetration
Industry Overview: Global E-bus penetration Penetration of electric buses across most geographies remains low Penetration in key markets is gradually picking up E-bus sales across key automobile markets in CY2021 Trend in fully electric bus sales in key geographies (excluding China) 4.0 New e-bus re
Slide 9: Electrification Scenario in India
Electrification Scenario in India E-buses remain a key focus area in India; subsidies offered to reduce capital Significant capital outlay set aside to promote e-bus adoption under costs FAME II Allocation under the flagship FAME* scheme for electrification in India Higher subsidies (Rs. 35-55 lakh
Slide 10: Penetration of e-buses on a steady rise aided by Government support
Penetration of e-buses on a steady rise aided by Government support Trend in fully electric bus sales in India Status of e-buses under FAME II as of October 11, 2022 1,400 7% (in Units) 6% 1,200 4% 6% 1,000 5% 4% 800 3% 600 2% 1% 2% 400 0% 0% 0% 1% 200 0% 0 -1% FY2017 FY2018 FY2019 FY2020 FY2021 FY2
Slide 11: Key Investment Themes
Key Investment Themes
Slide 12: Key Investment Themes
Key Investment Themes Strong technology capabilities with a diverse Professional management and experienced product portfolio and significant market share leadership team in India Leverage experience in the manufacturing of E- Track record of robust financial and operating Buses and Composite Insula
Slide 13: Future Road Map
Future Road Map… Company has acquired 150 Company proposes to establish a Company plans to Acres of land from Telangana greenfield electric vehicle manufacture electric buses State Industrial Infrastructure manufacturing plant for which and other EV products in new Corporation Limited 150 acres of l
Slide 14: Financial Snapshot
Financial Snapshot
Slide 15: Standalone Results for the Quarter and Nine Months Ended December 2023
STANDALONE RESULTS FOR THE QUARTER AND NINE MONTHS ENDED 31 DECEMBER 2023 In Rs Lakhs REVENUE – 34% EBITDA – 56% PBT – 73% 33,195 2,992 4,984 24,864 3,194 1,730 Q3 FY23 Q3 FY24 Q3 FY23 Q3 FY24 Q3 FY23 Q3 FY24 REVENUE – 9% EBITDA – 33% PBT - 46% 13,263 83,584 8,283 9,980 5,669 76,600 9M FY23 9M FY24
Slide 16: Financial Performance Snapshot
Financial Performance Snapshot Revenue from Operations (INR Lakhs) Adjusted EBITDA* (INR Lakhs) PAT (INR Lakhs) 1,09,076 15.3% 14.1% 6.0% 6.1% 11.3% 2.9% 6,689 59,326 3,536 28,138 15,397 9,090 807 3,170 FY21 FY22 FY23 FY21 FY22 FY23 FY21 FY22 FY23 Adjusted EBITDA EBITDA Margin PAT PAT Margin Number
Slide 17: EV Division Results for the Quarter and Nine Months Ended December 2023
EV DIVISION RESULTS FOR THE QUARTER AND NINE MONTHS ENDED 31DECEMBER 2023 Rs in Lakhs Q3 FY23 Q3 FY24 % Change 9 ME FY23 9 ME FY24 % Change Revenue 21,121 29,587 33.8% 68,944 73,830 7.0% EBITDA 2,551 4,157 62.9% 8,360 10,744 28.5% EBITDA Margin 12% 14% 12% 15% Profit before interest & tax 1,989 3,57
Slide 18: Insulator Division Results for the Quarter and Nine Months Ended 31 December 2023
INSULATOR DIVISION RESULTS FOR THE QUARTER AND NINE MONTHS ENDED 31 DECEMBER 2023 Rs in Lakhs I Q3 FY23 Q3 FY24 % Change 9 ME FY23 9 ME FY24 % Change Revenue 2742 3607 31.5% 7,655 9,752 27.4% EBITDA 624 817 30.7% 1,570 2,488 58.4% EBITDA Margin 23% 23% 21% 26% Profit before interest & tax 530 714 34
Slide 19: Consolidated Segmental Results for the Quarter and Nine Months Ended 31 December 2023
CONSOLIDATED SEGMENTAL RESULTS FOR THE QUARTER AND NINE MONTHS ENDED 31 DECEMBER 2023 Q3 FY23 Q3 FY24 % Change 9 ME FY23 9 ME FY24 % Change FY22 FY23 % Change Segmental Revenue a) Insulator Division 2,742 3,607 31.5% 7,655 9,752 27.4% 10,805 12,382 14.6% b)e-bus division 22,900 28,241 23.3% 63,829 7
Slide 20: Annexure
Annexure
Slide 21: Olectra Bus Fleet
Olectra Bus Fleet PMPL – Pune TSRTC – Hyderabad HRTC - Himachal Pradesh KSRTC - Kerala GSRTC - Gujarat BEST - Mumbai 21
Slide 22: Olectra Bus Fleet
Olectra Bus Fleet SSCL - Silvassa NMC – Nagpur SMC – Surat KTCL – Panjim Tirupati DSCL – Dehradun 22
Slide 23: Olectra Bus Fleet
Olectra Bus Fleet MSRTC – Central Mumbai KSRTC – Bangalore TTD – Tirumala TMTU – Thane 23
Slide 24: Statement of Profit and Loss
Statement of Profit and Loss For the Nine months For the Nine months Particulars (All amounts in Indian Rupees Lakhs For the year ended For the year ended For the year ended ended ended unless otherwise stated) 31 March 2021 31 March 2022 31 March 2023 31 December 2022 31 December 2023 Income Revenu
Slide 25: Statement of Assets and Liabilities (1/2)
Statement of Assets and Liabilities (1/2) As at Particulars (All amounts in Indian Rupees Lakhs unless otherwise stated) 31 March 2021 31 March 2022 31 March 2023 30 September 2022 30 September 2023 ASSETS Non-current assets Property, plant and equipment 28,502.72 31,180.60 34,257.73 32,751.25 32,85
Slide 26: Statement of Assets and Liabilities (2/2)
Statement of Assets and Liabilities (2/2) As at Particulars (All amounts in Indian Rupees Lakhs unless otherwise stated) 31 March 2021 31 March 2022 31 March 2023 30 September 2022 30 September 2023 EQUITY & LIABILITIES Equity Equity share capital 3,283.23 3,283.23 3,283.23 3,283.23 3,283.23 Other E
Slide 27: Statement of Cash Flows (1/2)
Statement of Cash Flows (1/2) For the six months For the six months Particulars (All amounts in Indian Rupees Lakhs unless For the year ended For the year ended For the year ended ended ended otherwise stated) 31 March 2021 31 March 2022 31 March 2023 30 September 2022 30 September 2023 A. Cash flow
Slide 28: Statement of Cash Flows (2/2)
Statement of Cash Flows (2/2) For the six months For the six months For the year ended For the year ended For the year ended Particulars (All amounts in Indian Rupees Lakhs, unless otherwise stated) ended ended 31 March 2021 31 March 2022 31 March 2023 30 September 2022 30 September 2023 II. Cash fl
Slide 29: Thank You
THANK YOU