Welspun Corp Limited · NSE:WELCORP
Welspun — Q4 FY2024 Earnings Presentation
28 slides from Welspun's earnings presentation, May 31, 2024
Slide 1: Letter to stock exchanges: Business Update and Investors' Presentation
WCL/SEC/2024 May 30, 2024 To, BSE Ltd. National Stock Exchange of India Ltd. Listing Department, Exchange Plaza, P. J. Towers, Dalal Street, Bandra-Kurla Complex, Mumbai – 400 001. Bandra (E), Mumbai – 400 051. (Scrip Code: Equity - 532144), (Symbol: WELCORP, Series EQ) (NCD – 960491 and 973309) The
Slide 2: Business Update: Robust FY24 performance surpasses guidance
BUSINESS UPDATE Robust FY24 performance surpasses Guidance New Businesses Continue to Ramp up Ranked in the top 5 percentile in DJSI ESG Rating May 30, 2024, Mumbai: Welspun Corp Ltd. (WCL), a flagship Company of the Welspun Group, announced its consolidated financial results for the quarter and fin
Slide 3: Outlook: Pipe Solutions
BUSINESS UPDATE OUTLOOK: PIPE SOLUTIONS Business Outlook Line Pipes Strong demand for Oil & Gas Segment Demand has recovered with further expansion of gas pipeline grid across the country. Additional 10,000 km of pipelines are likely to be installed in the next 2- 3 years India Oil & Gas City Ga
Slide 4: Robust Demand: DI Pipes
BUSINESS UPDATE Robust Demand The “Jal Jeevan Mission”, “Nal Se Jal” and “Amrut” schemes of the GOI aims to provide safe and sufficient drinking water to all the households in both rural and urban India. The “Swachh Bharat Mission Grameen” aims to provide solid and waste DI Pipes management acro
Slide 5: Guidance for FY25 and Management Comments
BUSINESS UPDATE GUIDANCE FOR FY25 • Top line of INR 17,000 Cr • EBIDTA of INR 1,700 Cr • Volume and margins growth across all the verticals – Line Pipes, Sintex, DI Pipes and WSSL • ROCE of 20% MANAGEMENT COMMENTS “I am pleased to share that we have satisfactorily surpassed our guidance for FY24 off
Slide 6: Consolidated Performance Snapshot
BUSINESS UPDATE CONSOLIDATED PERFORMANCE SNAPSHOT: Sales Volumes Q4FY24 Q3FY24 Q4FY23 FY24 FY23 Line Pipes (KMT) 302 291 249 980 659 DI Pipes (KMT) 66 62 23 200 37 SS Bars (MT) 3,610 3,921 2,783 15,904 6,869 SS Pipes (MT) 1,118 1,183 1,079 4,785 4,059 WST (MT) 3,659 3,411 3,368 14,172 12,802 TMT Bar
Slide 7: Investor call details and About Welspun Corp
BUSINESS UPDATE Q4FY24 Investor & Analyst conference call: On Friday, May 31, 2024 at 10.00 AM (IST) Primary Access: +91 22 6280 1143 / +91 22 7115 8044 International Toll-Free numbers o Hong Kong: 800 964 448 o Singapore: 800 1012 045 o UK: 0808 101 1573 o USA: 1866 746 2133 ABOUT WELSPUN CORP
Slide 8: Welspun Corp Limited Q4&FY24
Welspun Corp Limited Investor Presentation Q4&FY24 Date: 30th May, 2024
Slide 9: Disclaimer
Disclaimer For any financial disclosures, the information contained herein is provided by Welspun Corp Limited (the “Company”), although care has been taken t o ensure that the information in this presentation is accurate, and that the opinions expressed are fair and reasonable, the information is s
Slide 10: Business and Our Position
Transforming: Creating Value Pipe Solutions Building Materials Large Current: Water Storage Tanks, Business Diameter Interiors, Liquid Storage Solutions, DI Pipes SS Pipes TMT Rebars Pipe and Electrical Boxes Coating Foray into: Plastics Pipes Our position Amongst the Integrated Integrated Top 3 pro
Slide 11: Sales Volumes at a Glance: Q4 and FY24
Sales Volumes at a Glance: Q4 and FY24 WCL Pipe Solutions Building Materials Line Pipes DI Pipes SS Pipes SS Bars WST TMT Q4 302 66 1.1 3.6 3.7 42 % YoY +22% +300% +4% +30% +9% +161% FY24 980 200 4.8 15.9 14.2 121 % YoY +49% +550% +18% +132% +11% +700% Notes: 1. Line Pipe Sales volumes does not incl
Slide 12: Consolidated Financial Performance: FY24
Consolidated Financial Performance: FY24 PARTICULARS (INR crore) FY24 FY23 YoY Total Income 17,582 10,078 74% Other income 242 320 (24%) Reported EBITDA 1,804 805 124% Depreciation and Amortisation 348 303 15% Finance Cost 304 243 25% Profit before tax and share of JVs 1,152 258 4.5x Share of profit
Slide 13: Consolidated Financial Performance: Q4FY24
Consolidated Financial Performance: Q4FY24 PARTICULARS (INR crore) Q 4 FY24 Q4 FY23 YoY Total Income 4,544 4,132 10% Other income 83 62 33% Reported EBITDA 413 483 (15%) Depreciation and Amortisation 87 91 (5%) Finance Cost 75 95 (21%) Profit before tax and share of JVs 251 297 (15%) Share of profit
Slide 14: Achievement
Achievement EPS (Rs) 42.3 Gross Debt (Rs Crore) 3,316 1,908 16.8 7.9 FY22 FY23 FY24 Mar-23 Mar-24 ROCE 20% Net Debt (Rs Crore) 1,138 11% 387 8% FY22 FY23 FY24 Mar-23 Mar-24
Slide 15: Financial Achievement and Guidance
Financial Achievement and Guidance Guidance vs Achievement- FY24 Guidance for FY25 FY24 FY24 PARTICULARS (INR crore) FY25E PARTICULARS (INR crore) Guidance Actual Guidance Topline 15,000 17,340 Topline 17,000 EBITDA 1,500 1804* EBITDA 1,700 ROCE (%) 16% 20% ROCE (%) 20% Note: * Includes non recurrin
Slide 16: Pipe Solutions Vertical
Pipe Solutions Vertical
Slide 17: Key Drivers
Key Drivers INDIA USA SAUDI ARABIA • Focus on water infrastructure – • Natural Gas exports natural gas • Vision 2030 to continue boost Policy initiatives and execution to production is likely to grow by ~2% the demand continue support demand for pipes to 1,081 billion cubic meter in 2024. (line pipe
Slide 18: WCL: Line Pipes
WCL: Line Pipes 50+ 16+ Top 3 Approvals from million Among Line O&G majors; metric Pipe Qualifies for ton Manufacturers global bidding Pipes delivered since globally inception with multiple repeat orders 2.2 mn MT 5 manufacturing Used in Oil & Gas, Pipes Capacity facilities in 3 countries Water indu
Slide 19: Ductile Iron Pipes
Ductile Iron Pipes Huge Focus on creating drinking water supply infrastructure in India Exponential growth opportunity in water sector backed by Governmenet focus. The Department of Drinking Water and Sanitation (DoDWS) has been allocated a budget of INR 77,390 Crores. Out of this amount, INR 69,9
Slide 20: Stainless Steel Pipes and Bars
Stainless Steel Pipes and Bars • Geography and territory expansion continues. New grades development & introduction continues • Government’s continuing spent on infrastructure, energy and other strategic sectors providing thrust to the industry. Domestic industry specially benefitting under “Make in
Slide 21: Building Materials Vertical
Building Materials Vertical
Slide 22: Sintex: On a Growth Path
Sintex: On a Growth Path Post CIRP acquisition; Reviving Reinvigorating the brand: Channel : Associate sponsor of Women’s Rebuilding confidence with Trade Premier League. partners. Distributors meet, retailers meet and Redesigning the engagement program plumbers meet through out the year wit
Slide 23: Sintex: Glimpses of Market Activation
Sintex: Glimpses of Market Activation Building Brand visibility. Holding Retailers and Influencers meet across country.
Slide 24: Sintex: Foray into Plastic Pipes
Sintex: Foray into Plastic Pipes Total capex of Rs 2,355 Crore to be spent in two years Welspun Corp Ltd Manufacturing of Plastic Pipes and Water Storage with a total capacity of ~200,000 MT Sintex Pan India Presence – MP, Telangana, Odisha and J&K BAPL Sintex Advance Plastics Ltd (SAPL) Plast
Slide 25: Market Outlook: WST and Plastic Pipes
Market Outlook: WST and Plastic Pipes Water Storage Tank Market Size (INR Crores) Plastic Pipe Market Size (INR Crores) 9586 9% CAGR 5200 FY23 FY30 • Tailwind support from increasing urbanization and Govt schemes around Water.
Slide 26: TMT: Our Differentiated Strategy
TMT: Our Differentiated Strategy Key Growth Drivers Infrastructure: Massive spending expected in the sector including – • PM Gati Shakti National Master Plan: an expected outlay of INR 100 lakh Cr • Pradhan Mantri Awas Yojana-Urban's (PMAY-U) 'Housing for All' mission • Massive growth in housing mar
Slide 27: ESG Initiatives
ESG Initiatives Ranks in the Top 5% in Global Steel Industry in S&P Global’s DJSI Corporate Sustainability Assessment with total score of 68 higher by 16% against previous score. Also WCL is now ranked in the top 1 percentile in the steel sector globally on Governance scores. Achieved highest score
Slide 28: Thank You!
Thank You! Welspun Corp Limited CIN: L27100GJ1995PLC025609 For further queries, contact Name : Mr. Goutam Chakraborty Name : Mr. Salil Bawa Email : [email protected] Email : [email protected] www.welspuncorp.com Connect with us: /TheWelspunGroup /WelspunGroup /welspungroup /company