Rolex Rings Limited has informed the Exchange about Investor Presentation
Rolex Rings Limited Update on earnings for Q3FY22
Safe Harbor
This presentation and the accompanying slides (the “Presentation”), which have been prepared by Rolex Rings Ltd (the “Company”), have 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 or binding
commitment whatsoever. No offering of securities of the Company will be made except by means of a statutory offering document containing detailed information about the Company. This
Presentation has been prepared by the Company based on information and data which the Company considers reliable, but the Company makes no representation or warranty, express 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 of the information that you may consider material. Any liability in respect of the contents of, or any omission from, this Presentation is expressly excluded.
Certain matters discussed in this Presentation may contain statements regarding the Company’s market opportunity and business prospects that are individually and collectively forward-
looking statements. Such forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and assumptions that are difficult
to predict. These risks and uncertainties include, but are not limited to, the performance of the Indian economy and of the economies of various international markets, the performance of the
industry in India and world-wide, competition, the company’s ability to successfully implement its strategy, the Company’s future levels of growth and expansion, technological
implementation, changes and advancements, changes in revenue, income or cash flows, the Company’s market preferences and its exposure to market risks, as well as other risks. The
Company’s actual results, levels of activity, performance or achievements could differ materially and adversely from results expressed in or implied by this Presentation. The Company
assumes no obligation to update any forward-looking information contained in this Presentation. Any forward-looking statements and projections made by third parties included in this
Presentation are not adopted by the Company and the Company is not responsible for such third party statements and projections
.
2
Q3 FY22 financials and business developments
Financial Performance - Quarterly
Total Income (₹ mn)
EBITDA and margins
PBT/ PAT (₹ mn)
4 9 5 2
,
7 2 4 2
,
3,000.0
2,500.0
2,000.0
1,500.0
1,000.0
500.0
-
8 9 7 1
,
EBITDA (INR mn)
EBITDA Margin %
22.4%
21.7%
18.6%
334
581
527
700.00
600.00
500.00
400.00
300.00
200.00
100.00
-
PBT (INR Mn)
PAT (INR Mn)
456
439
327
298
228
216
500.00
450.00
400.00
350.00
300.00
250.00
200.00
150.00
100.00
50.00
-
Q3FY21
Q2FY22
Q3FY22
Q3FY21
Q2FY22
Q3FY22
Q3FY21
Q2FY22
Q3FY22
Revenues from Operations (excluding scrap) for Q3 FY22
40%
39%
Bearing Rings
Auto Components
60%
Exports
Domestic
61%
o Continued momentum in business with indicative despatches of >INR 1,000mn in January for the 1st time in the history of the Company;
o We are witnessing strong demand pull across domestic as well as
export markets;
o Onboarded new clients with a revenue potential of >INR 1,000mn pa. in FY24; this includes order from a US based bearing rings company, European plant of an existing global bearing rings customer and a Europe based auto-component company;
o We have completed installation and are in the process of getting final regulatory consents for 4.2MW of ground mounted solar; and are planning to commission additional 12MW in ground mounted solar by June 2022
.
4
Revenue mix by indicative end-user industries
Revenues from operations (excluding scrap sales and other operating income)
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
FY19*
45.0%
27.4%
26.3%
0.2%
1.2%
FY20*
36.8%
30.6%
32.3%
0.2%
0.3%
FY21*
38.2%
29.6%
26.8%
4.1%
1.3%
9M FY22
40.6%
27.4%
24.6%
6.8%
PV
Industrial
CV & HCV
2W
BEV & Hybrid
0.6%
Rolex continues to maintain growth momentum with focus on margins and strengthening balance sheet
Total Revenues from Operations (₹ mn)
EBITDA and margins
PBT/ PAT (₹ mn)
Inside India
Outside India
10,000.00
9,000.00
8,000.00
7,000.00
6,000.00
5,000.00
4,000.00
3,000.00
2,000.00
1,000.00
-
5,089
4,769
3,585
3,459
3,877
3,074
3,955
3,075
2,704
3,412
FY18*
FY19*
FY20*
FY21*
9M FY22
Operating Cash Flows & Capex (₹ mn)
2,500.00
2,000.00
1,500.00
1,000.00
500.00
-
8 5 3 1
,
CFO (INR Mn)
Capex (INR Mn)
8 3 9 1
,
8 3 8 1
,
1 6 3
7 6 3
2 9 5
1 6 1
7 8 3
4 8 1
6 4 3
2,500.00
2,000.00
1,500.00
1,000.00
500.00
-
6,000.00
5,000.00
4,000.00
3,000.00
2,000.00
1,000.00
-
EBITDA (INR mn) 22.8%
EBITDA Margin % 23.0%
21.3%
0 8 0 2
,
3 8 6 1
,
19.4%
18.1%
8 0 3 1
,
3 2 1 1
,
3 8 6 1
,
PBT (INR Mn)
PAT (INR Mn)
6 0 4 1
,
1 4 9
9 2 7
0 7 8
2 5 7
0 9 5
1 2 7
9 2 5
1 4 3 1
,
8 2 9
1,600.00
1,400.00
1,200.00
1,000.00
800.00
600.00
400.00
200.00
-
FY18*
FY19*
FY20*
FY21*
9M FY22
FY18*
FY19*
FY20*
FY21*
9M FY22
Net Debt(₹ mn) and Net Debt: Equity
RoE/ RoCE (₹ mn)
Net Debt (INR mn)
Net Debt: Equity
3.23
4 4 0 5
,
1.79
0 5 8 3
,
0.95
0.69
0.43
7 7 5 2
,
9 4 4 2
,
5 6 0 2
,
47%
RoE (%)
RoCE (%)
38%
28%
27%
36%
27%
24%
24%
20%
21%
50.00%
45.00%
40.00%
35.00%
30.00%
25.00%
20.00%
15.00%
10.00%
5.00%
0.00%
FY18*
FY19*
FY20*
FY21*
H1 FY22
FY18*
FY19*
FY20*
FY21*
H1 FY22
FY18*
FY19*
FY20*
FY21*
H1 FY22
Note : Return on Net Worth = Profit After Tax / Total Equity ;ROCE = EBIT/(Total Assets – Current Liabilities + Current Maturities of long-term debt); * indicates that numbers are based on Restated Financials .
6
Statement of Profit and Loss
Particulars (₹ mn)
Income
Revenue from operations
Other income
Total income (I)
Expenses Cost of raw materials and components consumed
Decrease/ (increase) in inventories of finished goods and work-in progress
Employee benefits expense
Finance costs
Depreciation and amortization expense
Other expenses
Total expenses (II)
Profit before tax (III) = (I - II)
Tax expense
Current tax expenses
Deferred tax charge / (Credit)
Total tax expense (IV)
Profit for the period (V) = (III - IV)
.
Q3FY22
Q3FY21
2,421
6
2,427
1,294
(198)
146
22
66
659
1,988
439
150
(9)
141
298
2,585
9
2,594
1,325
(124)
155
61
64
658
2,138
456
152
(22)
129
327
Q-o-Q %
-6%
-4%
-9%
Q2FY22
1,832
(34)
1,798
974
(96)
127
53
65
458
1,582
216
35
(46)
(11)
228
Y-o-Y %
35%
103%
31%
7
Balance Sheet - Snapshot
Particulars (₹ mn)
Assets
Non-current assets
Property, plant, and equipment
Capital work in progress
Right-of-use assets
Intangible assets
Financial assets
a) Loans
b) Other financial assets
Income tax assets (net)
Other non-current assets
Current assets
Inventories
Financial assets
a) Loans
b) Trade receivables
c) Cash and cash equivalents
d) Bank balances other than Cash and cash equivalents
e) Other financial assets
Other current assets
H1FY22
FY21
FY20
FY19
3,755
221
0
9
-
79
20
219
3,714
3,730
3,808
12
1
9
-
140
20
288
-
1
12
25
34
20
111
10
1
14
33
125
20
131
2,217
1,711
1,306
1,602
1
1,859
31
156
194
165
1
1,708
46
58
68
195
31
1,277
12
152
60
92
1
1,815
1
45
102
113
Particulars (₹ mn) Equity and liabilities Equity Equity share capital Other equity Total equity Liabilities Non-current liabilities Financial liabilities a) Borrowings b) Lease liabilities Income tax liabilities (net) Deferred tax liabilities (net) Provisions
Current liabilities Financial Liabilities a) Borrowings b) Lease liabilities c) Trade payables d) Other financial liabilities Other liabilities Provisions Income tax liabilities (net)
H1FY22
FY21
FY20
FY19
272 4,482 4,755
240 3,328 3,567
240 2,441 2,681
240 1,914 2,153
246 1 179 439 29
2,007 0 1,156 55 12 8 41
323 1 179 324 31
1,836 0 1,176 434 15 7 75
442 1 179 569 31
1,939 0 738 261 8 7 3
913 1 171 506 23
2,343 0 913 671 13 7 107
Total liabilities
4,171
4,402
4,181
5,669
Total assets
8,926
7,969
6,862
7,823
Total equity and liabilities
8,926
7,969
6,862
7,823
.
8
Contact Us
For further information, please contact:
+91 281 6699 577/ 677
info@rolexrings.com
Mr. Hiren Doshi – Chief Financial Officer
.
9