Alicon Castalloy Limited · NSE:ALICON
Alicon Castalloy — FY2023 Earnings Presentation
25 slides from Alicon Castalloy's earnings presentation, May 17, 2023
Slide 1: Alicon Castalloy Ltd Q4 & FY23 Results Presentation
Alicon Castalloy Ltd Q4 & FY23 Results Presentation May 17, 2023
Slide 2: Forward-looking statements disclaimer
Except for the historical information contained herein, statements in this presentation and the subsequent discussions, which include words or phrases such as "will", "aim", "will likely result", "would", "believe", "may", "expect", "will continue", "anticipate", "estimate", "intend", "plan", "conte
Slide 3: About Alicon, Q4 & FY23 Highlights, Concall Details
About Q4 & FY23 Concall Alicon Highlights Details 3
Slide 4: About Alicon Castalloy
About Alicon Castalloy
Slide 5: End-to-end solutions across aluminum casting needs
Offers end-to-end solutions spanning the entire spectrum of aluminum casting needs across multiple user industries Offers - Design, Diversified Pioneer in Engineering, marquee Robust track India for Casting, Customer record of 49 processes of Operates one Leaders in the Machining and base across yea
Slide 6: Alicon key figures at a glance
1,405 157 93 customers with.. 4 INR crore of Total INR crore of Manufacturing Income in FY23 EBITDA in FY23 815 Live Parts Units 133 1,014 Presence in No. of product 18 No. of permanent innovations FY20-23 countries employees 6
Slide 7: A blend of European engineering skills, Japanese quality
Enkei Corporation Alicon Castalloy Leading Japanese Largest Foundry in India – motor cycle and offering frugal engineering passenger car solutions wheel A blend of manufacturer European 70+ years of 49 years of track record 230+ engineering skills, experience Years of Cumulative Japanese quality Sil
Slide 8: Catering to key sectors of the Indian economy
Prototype Design Tool Design & Painting & Manufacturing Simulation Machining & Tool Sub-Assembly Manufacturing VA/VE Casting Fixture Design & Suggestions Manufacturing Manufacturing Catering to key sectors of the Indian economy Automobile Infrastructure Aerospace Medical Energy Agriculture 8
Slide 9: Strategic locations enable shorter time-to-market
Strategic locations enable shorter time-to-market and enhanced cost optimization 4 modern plants (1 international) High-end machines Slovakia Advanced Technology Centre Austria Binola Pune Globally competent Tool Rooms (20 tools/ a month Full-edged Machine Shop (including assembly facility) Chinchwa
Slide 10: Diversity across markets and industries provides a natural hedge
Diversity across markets and industries provides a natural hedge TWO WHEELER OEM FOUR WHEELER OEM TIER 1 & NON AUTO Not reliant on a single ‘anchor’ customer None of the customers contribute >15% of turnover AND MANY MORE…. 10
Slide 11: Q4 & FY2023 Operational & Financial Highlights
Q4 & FY2023 Operational & Financial Highlights
Slide 12: Business & Macro-demand Highlights
Business & Macro-demand Highlights: • In Q4FY23, domestic automobile market witnessed 0.6% growth on a yoy basis, driven by – 13% growth in PV segment on a yoy basis – 6.5% growth in CV segment on a yoy basis – 3% decline in 2W segment on a yoy basis • PVs witnessed strong growth ahead of initial ex
Slide 13: Key Highlights for the EV industry
Key Highlights for the EV industry: • Global EV Sales remained strong with a total of 10.5 million new BEVs and PHEVs delivered during CY2022, an increase of 55% compared to CY2021. • Global light vehicle sales for CY2022 were 81 Million units, still 0.5% lower than CY2021 and 15% below pre-COVID le
Slide 14: Key Motto for FY23: 3R
• Lower fixed expenses • In Q4 FY23, the Company has booked • Lean and Agile manufacturing 2 new parts from 2 existing customers processes Sustainable Cost- New optimisation Business • This includes 2 part from PV and both • Focus on reducing overheads Wins: parts pertain to the EV / Carbon • Progra
Slide 15: Auto industry challenges and Alicon's 7Cs response
Auto Industry is faced with seven key challenges impacting demand & Alicon combated these 7Cs consumer sentiments through: Focus on enriched product mix and driving improved volumes 1. COVID pandemic-related of higher margin products 2. Chip (semiconductor) disruptions shortages • Demand slowdown an
Slide 16: FY23 Total Income, EBITDA, PBT, PAT
• Alicon outperformed the industry with Total Income robust revenue growth of 30% YoY in EBITDA FY23 1,404.7 1,081.4 • Revenue growth has been driven by 156.9 higher volumes on a y-o-y basis and 115.8 start of production on new business. This has been supported by improved contribution from internat
Slide 17: FY23 revenue split by auto/non-auto and domestic/global
Non-Auto, Global, 7% 22% Domestic , Auto, 93% 78% 17
Slide 18: Q4 FY23 Total Income, EBITDA, PBT, PAT
• In Q4, Alicon delivered stable Total Income revenues on a yoy basis and de- EBITDA growth of 11% on a qoq basis. Revenue and volume during the 362.0 42.4 quarter was impacted by dip in 2W 321.4 320.7 38.7 33.4 volumes due to scaled down production schedules by OEMs to incorporate upgrades in produ
Slide 19: Q4 revenue split by auto/non-auto and domestic/global
Non-auto, 8% Global, 21% Auto, 92% Domestic , 79% 19
Slide 20: Consolidated profit and loss statement
Particulars (Rs. crore) Q4 FY23 Q4 FY22 Y-o-Y Shift FY23 FY22 Y-o-Y Shift Net Revenue from Operations 319.25 320.56 0% 1,401.16 1,078.05 30% Other Income 1.42 0.81 76% 3.50 3.32 6% Total Income 320.67 321.37 0% 1,404.65 1,081.37 30% Total Expenditure 287.53 282.65 2% 1,247.75 965.57 29% Raw Material
Slide 21: Consolidated balance sheet
As on March As on March As on March As on March Liabilities (Rs. Crore) Assets (Rs. Crore) 31, 2023 31, 2022 31, 2023 31, 2022 a) Shareholders’ Funds 487.85 449.07 a) Non-current Assets 459.13 441.98 b) Non-current Liabilities (NCL) 134.20 152.15 a) Current Assets 628.43 560.38 - Long-term Borrowing
Slide 22: Commentary from Group CEO Rajeev Sikand
Commenting on the performance, Mr. Rajeev Sikand, Group CEO, Alicon Castalloy said, “We are pleased to end fiscal year 22-23 with a consolidated total income of Rs. 1,405 crore, representing 30% growth on a year-on-year basis. Our transformation initiatives, firmly rooted in our comprehensive 5-pill
Slide 23: Concall Details
Concall Details
Slide 24: Q4 & FY23 Earnings Conference Call
Alicon Castalloy’s Q4 & FY23 Earnings Conference Call Time & Date • 12:00 PM IST on Thursday, May 18, 2023 Local dial-in numbers • +91 22 6280 1141 • +91 22 7115 8042 International Toll Free Number • Hong Kong: 800 964 448 • Singapore: 800 101 2045 • UK: 0 808 101 1573 • USA: 1 866 746 2133 24
Slide 25: Thank You
Thank You For further information, please contact: Gaurav Agrawal Alicon Castalloy Ltd Tel: +91 95119 11290 E-mail: [email protected] Mayank Vaswani / Mit Shah CDR, India Tel: +91 22 98209 40953 / 99201 68314 Email: [email protected] [email protected] For more information, visit ww