Q1 PERFORMANCE, 2019 - 20 SKIPPER LIMITED INVESTOR PRESENTATION Broad-basing the pyramid
SKIPPER LIMITED INVESTOR PRESENTATION About Us
W H O W E A R E Skipper Limited is India’s largest and world's most competitive integrated transmission tower manufacturing company 3
K E Y FA C T S • Flagship company of • Four Power Grid • Widely respected the S.K. Bansal Group Corporation of India- player; awarded Largest (incorporated 1981). approved transmission Tower Supplier Award by Power Grid for 3 rd tower and pole • Angle rolling, tower, manufacturing plants consecutive year accessories and fastener (combined engineering manufacture coupled • Awarded Best Industry capacity 300,000 MTPA) with EPC line in Water Resources construction • Among the most sector by Central Board effective knowledge of Irrigation and Power. • One of India’s largest pools in the sector and fastest growing comprising 2,450+ polymer pipes & fittings members companies 4
SKIPPER LIMITED INVESTOR PRESENTATION Key Management
B O A R D O F D I R E C TO R S – W H O L E T I M E Yash Pall Jain Sajan Kumar Bansal Devesh Bansal Siddharth Bansal Sharan Bansal Director Managing Director Director Director Director He is the driving force A mechanical With a Master's in Heading the company's He is a B.com graduate behind the company's engineering graduate, International Business first diversification into from Punjab University exponential growth since he is heading the Tower degree under his belt, non steel products, he is and has an experience the beginning of the new manufacturing and EPC he is heading the Tubes responsible for the of over 35 years in millennium. Under his business of the and Tubular products Polymer product various leading Industrial visionary leadership, the company. He's taken divisions of the manufacturing divisions. houses. In his corporate company has grown from the company to a company. He is also He has a degree in career he has held a single unit, single leadership position in responsible for the Entrepreneurship from several responsible and product manufacturer to this industry. group's upstream University of Illinois, USA. important portfolios. multi-unit, multi product expansions. manufacturing, ranging from Steel to Polymer. 6
B O A R D O F D I R E C TO R S - I N D E P E N D E N T Sri Pramod Kumar Mrs. Mamta Binani Mr. Joginder Pal Dua Mr. Ashok Bhandari Mr. Amit Kiran Deb Shah C.A Immediate Past Ex CMD - Allahabad C. A. IAS (Retd.), He is a Fellow President ICSl Bank Chairman member of the He has profound Institute of She is one of the He has been with experience in He has held several Chartered leading Practicing Allahabad Bank for 5 working with responsible and Accountants of Company years and retired as different industries. important portfolios India and has 35 Secretary from Chairman of (B.I.F.R.). He has held in the West Bengal years of experience Eastern India and He has held several various notable State Government, in practicing her professional portfolios in reputed positions in before finally retiring accountancy with career includes 17 banking different sectors as Chief Secretary an expertise in the years of experience organizations and and finally retired and Tourism area of internal in corporate was on the as the CFO in Secretary. He has audit. He has consultation & governing board of Shree Cement profound graduated with a advisory. several education Limited, a B.G. knowledge and Bachelor's Degree in institutions. Bangur Company. experience in Commerce from various industries. Calcutta University. 7
P R O D U C T O F F E R I N G S S K I P P E R : O N E - S TO P S O LU T I O N P R O V I D E R Engineering products Polymer products Infrastructure projects Capacity: 300,000 MTPA Capacity: 51,000 MTPA M I S S I O N • Transmission Line EPC • Power Transmission Tower • UPVC Pipes • Railway Electrification EPC • Power Distribution Poles • CPVC Pipes • Underground Utility laying by HDD • Monopoles • SWR Pipes • MS & High Tensile Angles • HDPE Pipes • Solar Structures • Fittings • Fasteners • Tower Accessories • Railway Structures Highlights Highlights Highlights Positioned as one of the world's • Only polymer pipe company in • Forward integration activity leading transmission tower India to implement TOC in its • Aimed at high -margin projects manufacturer; largest in India operations Revenues Revenues Revenues (FY’19) (FY’19) (FY’19) Rs16,452mn Rs1,598mn Rs 658mn
F O O T P R I N T S G L O B A L P R E S E N C E SOUTH AMERICA Peru, Colombia, Chile, Paraguay, Panama EUROPE UK, Germany, Spain AFRICA Kenya, Egypt, Ghana, Nigeria, Zambia, Sierra Leone Guinea, South Africa, Botswana, Burundi, Angola MIDDLE EAST Jordan, Saudi Arabia, UAE SOUTH AND SOUTH EAST ASIA Nepal, Bangladesh, Sri Lanka, Indonesia, Philippines, Malaysia AUSTRALIA
SKIPPER LIMITED Performance Update Q1 FY’20 Update
B U S I N E S S R E P O R T C A R D F i n a n c i a l P e r fo r m a n c e Q 1 F Y ’ 2 0 Rs in Mn Q1 FY’20 Sl Profit & Loss Summary Q1 FY’19 Change % 3,385.6 1 Revenues 4,787.0 -29.3% 426.5 2 Reported EBITDA 449.7 -5.2% 12.6% % of Revenue 9.4% 33.2 3 Forex Gain / (Loss) (58.6) 393.3 4 508.4 -22.6% Operating EBITDA (without Forex) (2-3) 11.6% % of Revenue 10.6% 93.5 5 Depreciation 115.2 215.6 6 Interest Expenses 274.0 2.7 7 Other Income 3.2 120.0 8 Profit Before Tax (2-5-6+7) 63.8 88.2% 3.5% % of Revenue 1.3% 37.8 9 Tax 18.8 82.2 10 Profit After Tax (8-9) 45.0 82.6% 2.4% % of Revenue 0.9% 11
P E F R O R M A C E H I G H L I G H T S Performance Update Q1 FY’20 Revenue impacted on account of – Slower than expected off take on account of general elections related challenges with in the country Consciously slowed down supplies to the customer unwilling to give secured payment terms Considering the liquidity situation in the market, Limited our credit risk exposure across our customers ; at this stage we find it more prudent to consolidate on our balance sheet and cash flow from operations rather than chase growth in revenue at the cost of financial discipline. Lack of short term orders in market Structural changes undergoing implementation in Polymer Segment Considering current liquidity situation in the domestic market - Management ideology of not chasing growth at the cost of financial discipline will be maintained and adhered. 12
P E F R O R M A C E H I G H L I G H T S Performance Update Operational Performance Highlights Stand Alone operating EBITDA margins improved to 11.6% in spite of lower sales; The margins of engineering business are back to their normal historical range of 13%. Stable raw material prices and corrective steps undertaken to reduce overhead and fixed costs leaded to improved margin performance ; Stronger expected execution in our Engineering business going forth will further boost its performance. Efforts continues on cash flow & balance sheet consolidation; Interest expenses down by 21 % in compare to previous year quarter Focus on Bottom-line improvement; PBT & PAT grew by 88% and 83% respectively in compare to previous year quarter. Actively pursuing projects worth Rs 2,530 crore on international front and about Rs 1,340 Crores on the Domestic front which are at the highest level in company history. 13
S E G M E N T R E P O R T S e g m e n t P e r f o r m a n c e Q 1 F Y ’ 2 0 Infra Segment Financial Summary Q1 FY’20 Q1 FY’19 Polymer 6% 7% Net revenue 2,932.2 4,040.9 Engg. Products EBIDTA (w/o forex) 379.2 478.1 % of Revenue 12.9% 11.8% Net revenue 239.9 560.9 Polymer products EBIDTA (w/o forex) 5.2 6.5 % of Revenue 2.2% 1.2% Net revenue 213.5 185.2 Infra projects EBIDTA (w/o forex) 8.9 23.8 Engg 87% % of Revenue 4.2% 12.9% Net revenue 3,385.6 4,787.0 Total EBIDTA (w/o forex) 393.3 508.4 Revenue Mix – Q1 FY’20 % of Revenue 11.6% 10.6% Note: Segment EBITDA is net of Forex and includes allocation of un-allocable expenditure in pro-rata share of sales in their respective segment 14
I M P R O V E M E N T T R E N D S Op. EBITDA Margin (without Forex) 20% Engineering Stand Alone 13% 12% 13% 11% 12% 12% 10% 11% 10% 7% 6% 0% Q1'19 Q2'19 Q3'19 Q4'19 Q1 Fy'20 • Engineering & Stand Alone EBITDA margin are back to its normal range of 13% & 12 % respectively , Clocked the desired range for past 2 consecutive quarters. • Improved margin performance despite of lower sales in Q1 FY’20 ; Corrective steps undertaken to reduce fixed cost, Stable Raw material prices and better operational efficiencies resulted in such improvement. • Margins to get better with expected increase in Engineering execution on both domestic and international front going forth. Note: Engineering EBITDA is net of Forex and includes allocation of un-allocable expenditure in pro-rata share of its sales 15
O R D E R B O O K P I E E n g i n e e r i n g P r o d u c t s – O r d e r B o o k C o m p o s i t i o n – J u n e 2 0 1 9 Total Order Book T&D Order Book Rs 2,363 Crores Rs 1,985 Crores 6% 40% 40% 10% T&D Breakup 84% 20% T&D Telecom Railways PGCIL SEB & Others Export Domestic – 83% Export – 17% Order Book to Sales stands at 1.5 X 16
Recommend
More recommend
