Earnings Call Presentation Q4 FY24 9th May 2024
DISCLAIMER & SAFE HARBOR STATEMENT
Statements in this presentation, particularly those which relate to management's views and analysis, describing the Company's objectives, projections, estimates and expectations may constitute "forward looking statements" within the meaning of applicable laws and regulations. Actual results might differ materially from those either expressed or implied. Actual results may differ materially from those anticipated in the forward-looking statements. The company assumes no obligation to update forward looking statements to reflect actual results, changed assumptions or other factors.
The presentation has been prepared by the Company based on the information and data which the Company considers reliable, but the Company makes no representation or warranty, expressed or implied, whatsoever, and no reliance shall be placed on the truth, accuracy, completeness, fairness, and reasonableness of the contents of this presentation. This presentation may not be all inclusive and may not contain all the information that you may consider material. Any liability in respect of the contents of, or any omission from, this presentation is expressly excluded.
This presentation has been prepared solely for information purposes and do not constitute any offer, recommendation, or invitation to purchase or subscribe for any securities, and shall not form the basis or be relied on in connection with any contract binding commitment whatsoever. No offering of the securities of the Company will be made except by means of a statutory offering document containing detailed information about the Company.
All amounts in INR Crore | 2 |
All numbers are rounded off to the nearest unit |
KOEL GROUP
KOEL- Earnings Call - Q4 FY24 - KOEL Group
La-Gajjar
Machineries
(P) Ltd1 (100%)
Optiqua Pipes &
Electricals (P) Ltd4
(100%)
ESVA Pumps India
(P) Ltd (49% JV)6
Kirloskar Americas
Corporation2
(100%)
Engines LPG, LLC
dba Wildcat Power
Gen8 (51%)
Arka Financial
Holdings (P) Ltd5
(100%)
Arka Fincap Ltd3 | Arka Investment |
Advisory Services | |
(99.998%) | |
(P) Ltd7 (100%) | |
1 76% with effect from 1st August 2017 and 100% with effect from 26th September 2022.
2 with effect from 1st July 2015, formerly known as KOEL Americas Corp.
3 with effect from 20th April 2018, formerly known as Kirloskar Capital Ltd.
4 with effect from 19th February 2021. The appointed date for amalgamation of LGM and OPEPL, is 1 April 2023.
5 with effect from 13th July 2021.
6 with effect from 4th October 2021 (Optiqua has entered JV agreement with ESVA pumps).
7 with effect from 30th March 2022.
8 with effect from 29th November 2023.
3
CONTENT
- STRATEGY
- BUSINESS OVERVIEW
- FINANCIAL OVERVIEW
4
- Earnings Call - Q4 FY24 - Strategy
OUR 2X-3Y STRATEGY
Looking to drive exponential growth from FY 2022 - FY 2025
2X-3Y Strategy: Grow 2 times in 3 years | ||
Revenue ₹ 65 Bn | ||
@ double digit | ||
EBITDA | ||
Our progress, FY24 | ||
Goal | Revenue ₹ 48.06 Bn | |
@ 11.9% EBITDA* | ||
Actions driven | ||
by strategy |
Our progress, FY23 Revenue ₹ 40.73 Bn @ 11.1% EBITDA*
Where we were in FY22 Revenue ~₹ 32.60 Bn @ 8.1% EBITDA
Time
2X-3Y Strategy Pillars
Growth
Strategy
Channel & Path to Market
Technology
Roadmap
Operations
Excellence
People &
Talent
Development
KOEL
- Numbers excluding provision/(reversal) for overdue receivables made for a customer towards sales made in previous year. For details, please refer 'Note to the Unaudited Financial Results' published on the stock exchanges.
5
WE ARE PROGRESSING WELL
18% | ₹ 4,806 | |
Top line growth (FY24) | Cr Revenue (FY24) |
11.9% | 26% | ₹ ~269 Cr | ||||||||
EBITDA # Margin (FY24) | PAT # growth (FY24 YOY) | Strong net cash* position | ||||||||
Call- Q4 FY24 - Strategy | ||||||||||
26% | 7 | |||||||||
- Earnings | EBITDA # growth ( FY24 YOY) | consecutive quarters of over ₹ 1,000 Cr revenue | ||||||||
* Net of debt; includes treasury investments and excludes unclaimed dividends. | from operations | |||||||||
KOEL | # Numbers excluding provision/(reversal) for overdue receivables made for a customer towards sales made in previous year. For details, please refer 'Note to the Unaudited Financial Results' published on the | |||||||||
stock exchanges. | 6 | |||||||||
Deploying the 2X-3Y strategy to deliver value to all stakeholders
KOEL- Earnings Call - Q4 FY24 - Strategy
65Bn @ | Customer | Employer |
double- | ||
Delight | of Choice | |
digit | ||
EBITDA |
7
CONTENT
- STRATEGY
- BUSINESS OVERVIEW
- STANDALONE
- SALES HIGHLIGHTS
- CONSOLIDATED
- SEGMENT OVERVIEW
- FINANCIAL OVERVIEW
8
Products to Business Segments…
Product Lines
Engines and Gensets | ||||
Industrial Engines | ||||
Power Solutions for Large / Institutional Project Clients (Marine, | ||||
Defence etc) | ||||
After Sales Support | ||||
Overview | Retail Channel - Tractor spares, Oil, Batteries | |||
Engine based Pump Sets | ||||
Business | ||||
Electric Pumps (KOEL) | ||||
FY24 - | ||||
Electric Pumps (LGM) | ||||
Call - Q4 | ||||
Farm Equipment | ||||
- Earnings | ||||
Financial Services | ||||
KOEL |
Business Segments
B2B Business Segment | |
Power Gen | |
Industrial | |
Aftermarket | |
and | |
Distribution | International |
Business | |
B2C Business Segment | |
Water | Farm |
Management | |
Mechanisation | |
Solutions | |
Arka Group |
9
STANDALONE SALES HIGHLIGHTS - Q4 FY24 YoY
B2B Sales | Power Gen | Industrial | |||
22% | 1210 | 11% | 518 | 28% | |
988 | 468 | 242 | 309 | ||
Q4 FY23 | Q4 FY24 | Q4 FY23 | Q4 FY24 | Q4 FY23 | Q4 FY24 |
B2C Sales | WMS | ||||
10% | 168 | 22% | |||
153 | 153 | ||||
Business Overview | 125 | ||||
Q4 FY24 | Q4 FY23 | Q4 FY24 | |||
Q4 FY23 |
Distribution & After
Market
19% | |
176 | 210 |
Q4 FY23 | Q4 FY24 |
FMS | |
-45% | |
28 | |
15 | |
Q4 FY23 | Q4 FY24 |
International | |
70% | 173 |
102 | |
Q4 FY23 | Q4 FY24 |
Standalone | Total Sales | 1141 | 1,378 | ||
21% | 186, | ||||
- | 1,378 | 119, | 13% | ||
Q4 FY24 | 1,141 | ||||
10% | |||||
Exports | |||||
- | 1022, | ||||
Call | Domestic | 1192, | |||
90% | |||||
-Earnings | 87% | ||||
Q4 FY23 | Q4 FY24 | Q4 FY23 | Q4 FY24 | ||
KOEL | |||||
12 | 186 | |||
WMS + FMS | 119 | 13 | ||
7 | 62 | |||
Distribution & After | 12 | |||
Market | ||||
Industrial | 56 | 99 | ||
Power Gen | 53 | |||
Q4 FY23 | Q4 FY24 | |||
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Disclaimer
Kirloskar Oil Engines Ltd. published this content on 09 May 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 May 2024 08:34:08 UTC.