Alicon Castalloy Limited · NSE:ALICON
Alicon Castalloy — Q2 FY2023 Earnings Presentation
25 slides from Alicon Castalloy's earnings presentation, Nov 15, 2022
Slide 1: Q2 & H1 FY23 Results Presentation
Alicon Castalloy Ltd Q2 & H1 FY23 Results Presentation November 15, 2022
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 Q2 & H1 FY2023 Concall
About Q2 & H1 FY2023 Concall Alicon Highlights Details 3
Slide 4: About Alicon Castalloy
About Alicon Castalloy
Slide 5: End-to-end solutions across the aluminum casting spectrum
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 facts and figures
1,081 116 92 customers with.. 4 INR crore of Total INR crore of Manufacturing Income in FY22 EBITDA in FY22 809 Live Parts Units 131 967 Presence in No. of product 18 No. of permanent innovations FY20-22 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 and cost optimization
Strategic locations enable shorter time-to-market and enhanced cost optimization 4 modern plants (1 international) High-end machines France Slovakia Advanced Technology Centre USA Austria Binola Pune Globally competent Tool Rooms (20 tools/ a month USA Marketing Franchise Full-edged Machine Shop (in
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: Q2 & H1 FY2023 Operational & Financial Highlights
Q2 & H1 FY2023 Operational & Financial Highlights
Slide 12: Business & Macro-demand Highlights
Business & Macro-demand Highlights: • Indian Automotive market as a whole reported growth of 13% YoY. Within this, PVs reported growth of 38% YoY and CVs witnessed growth of 36% YoY while 2Ws grew 8% YoY • This was the first normal festive season after 2 years - Dealers indicated very strong respons
Slide 13: Key Highlights for the EV industry
Key Highlights for the EV industry: • The domestic EV industry continues to boom fueled by festival demand, subsidies, expanding product options, and closing gap in total cost of ownership vs ICE vehicles • Cumulative Retail EV sales in Q2 FY23 in India were 257,258 units which is higher by 183% YoY
Slide 14: Key Motto for FY23: 3R
• In Q2 FY23, the Company has booked • Lower fixed expenses 10 new parts from 4 customers • Lean and Agile manufacturing • This includes 9 parts for PV and 1 part processes Sustainable Cost- New optimisation Business for 2W • Focus on reducing overheads Wins: • Of these 10 parts, 7 parts are added i
Slide 15: Auto industry challenges and how Alicon combated them
Auto Industry has been facing six key challenges impacting demand & Alicon combated these 6Cs consumer sentiments through: Focus on enriched product mix and driving improved volumes of higher margin products 1. COVID pandemic-related 2. Chip (semiconductor) disruptions shortages Collaboratively work
Slide 16: Q2 FY23 Total Income, EBITDA, PBT, PAT
• In Q2, Alicon delivered strong growth Total Income EBITDA with total Income higher by 41% on a YoY basis due to normalizing 378.0 38.0 43.5 production schedules of customers 344.0 268.7 25.3 accompanied by commencement of orders won in recent quarters • Other income stood at Rs. 0.70 crore Q2FY22
Slide 17: Q2 revenue mix: auto vs non-auto, domestic vs global
Non-Auto, 6% Global, 21% Auto, 94% Domestic, 79% 17
Slide 18: H1 FY23 Total Income, EBITDA, PBT, PAT
Total Income EBITDA • Alicon outperformed the industry with robust revenue growth of 50% YoY in 722.0 81.4 H1FY23. This is despite recessionary 480.4 headwinds in global markets and 43.3 gradual normalisation in domestic market post 2 years of pandemic. • Start of Production of large orders H1 FY22
Slide 19: H1 revenue mix: auto vs non-auto, domestic vs global
Non-Auto, Global, 6% 22% Auto, 94% Domestic, 78% 19
Slide 20: Consolidated profit and loss statement
Particulars (Rs. crore) Q2 FY23 Q2 FY22 Y-o-Y Shift H1 FY23 H1 FY22 Y-o-Y Shift Net Revenue from Operations 377.26 267.80 41% 720.60 478.55 51% Other Income 0.70 0.93 -25% 1.36 1.87 -27% Total Income 377.96 268.73 41% 721.96 480.41 50% Total Expenditure 334.50 243.47 37% 640.54 437.12 47% Raw Materi
Slide 21: Consolidated balance sheet
As on As on As on March As on March Liabilities (Rs. Crore) September Assets (Rs. Crore) September 31, 2022 31, 2022 30, 2022 30, 2022 a) Shareholders’ Funds 473.24 449.07 a) Non-current Assets 448.43 441.98 b) Non-current Liabilities (NCL) 165.62 152.15 - Long-term Borrowings 129.28 114.90 a) Curre
Slide 22: Group CEO commentary on performance
Commenting on the performance, Mr. Rajeev Sikand, Group CEO , Alicon Castalloy said, “I am pleased to share that we have delivered a strong set of results on the back of initiatives undertaken in the last 24 months which have helped us to emerge as a preferred partner for global OEMs enabling us to
Slide 23: Concall Details
Concall Details
Slide 24: Q2 & H1 FY23 Earnings Conference Call
Alicon Castalloy’s Q2 & H1 FY23 Earnings Conference Call Time & Date • 11:30 AM IST on Wednesday, November 16, 2022 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
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