Tega Industries Limited has informed the Exchange about Investor Presentation
November 14, 2022
To,
The Corporate Services Department, Bombay Stock Exchange Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai- 400 001 BSE Scrip Code: 543413
Manager - Listing Department The National Stock Exchange of India Ltd. Exchange Plaza, Plot no. C/1, G Block, Bandra-Kurla Complex Bandra (E), Mumbai - 400 051 NSE Symbol: TEGA
Subject: Investor Presentation for the Quarter and Half Year ended September 30, 2022
Dear Sir/Madam,
Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith Investor Presentation for the Quarter and Half Year ended September 30, 2022.
Kindly take the information on your record.
Thanking you,
Yours faithfully,
For Tega Industries Limited
Manjuree Rai Company Secretary & Compliance Officer
Enclosed: As stated above
TEGA INDUSTRIES LTD.
Investor Presentation
Q2 & H1 FY23
Safe Harbor
This presentation and the accompanying slides (the “Presentation”), which have been prepared by Tega Industries Limited (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.
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Tega Industries Limited
Immunity from Capex Cycles
▪
Cater to after-market spend recurring revenues
Continuous Design Innovation
▪
Launched DynaPrime in 2018 – a composite liner of rubber & steel
Commenced operations in India in 1978, in collaboration with Skega AB, Sweden
Leading manufacturer & distributor of specialized ‘critical to operate’ & recurring consumable products1
Catering to global mineral beneficiation, mining & bulk solids handling industry
Inorganic Strategy
▪
Successfully integrated 3 acquisitions
1.
For the global mineral beneficiation, mining & bulk solids handling industry
3
Q2 & H1 FY23 PERFORMANCE HIGHLIGHTS
4
Q2 & H1 FY23 (Y-o-Y) Performance Highlights
2 2 Y F s V 3 2 Y F
) Y O Y ( 2 Q
2 2 Y F s V 3 2 Y F
) Y O Y ( 1 H
Operating Revenue
Operating EBITDA
PAT
Rs. 2,762 mn
Rs. 5,206 mn
+19.7%
YoY
+28.9%
YoY
Rs. 541 mn
Rs. 1,003 mn
+37.5%
YoY
+59.4%
YoY
Rs. 353 mn
Rs. 584 mn
+56.7%
YoY
+69.6%
YoY
5
Consolidated Financial Performance
Operating Revenue
Operating EBITDA & Margin
PAT & PAT Margin
(All figures in Rs mn)
+19.7%
2,444.0
2,761.9
17.1%
+13.0%
2,307.1
19.6%
541.1
18.9%
+37.5%
461.8
393.4
+17.2%
9.8%
9.4%
+56.8%
12.8%
353.5
225.5
230.5
+53.4%
Q2 FY22
Q1 FY23
Q2 FY23
Q2 FY22
Q1 FY23
Q2 FY23
Q2 FY22
Q1 FY23
Q2 FY23
+28.9%
5,206.3
4,039.2
+59.4%
19.3%
1,002.9
15.6%
629.1
11.2%
584.0
8.5%
+69.6%
344.3
H1 FY22
H1 FY23
H1 FY22
H1 FY23
H1 FY22
H1 FY23
Salient Updates
Working capital days have improved to 143 days in Sept 22 from 169 days in Mar 22;
Cash and Cash equivalents including Mutual Funds stood at INR 2,199 Mn against INR 2,146 Mn
Current Ratio is at 2.53 (Sept 22) Vs 2.36 (Mar 22)
Cash from operations during the period April 22 – Sept 22 stood at INR 975 Mn against INR 1 Mn during April 21 – Sept 21. Attributable to better working capital management during the current period
Gross Debt reduced to INR 1,924 Mn in Sept 22 against INR 2,149 Mn in Mar 22, Entire capex of INR 575 Mn has been funded through internal accruals
Debt Equity Ratio has improved to 0.25 as on Sept 22 from 0.29 as on Mar 22
ROCE and ROE has improved to 19% and 18% respectively based on the trailing twelve months performance
Visible improvement in the supply chain and logistics
Order Book as on September 30, 2022 – INR 3,448 Mn
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THANK YOU
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Mr. Manoj Kumar Agarwal
Director Global Finance,
Chief Financial Officer
investor.relations@tegaindustries.com
Mr. Nachiket Kale
+91 9920940808 nachiket.kale@linkintime.co.in
Mr. Rajesh Agrawal
Sr. Vice President
+91 99674 91495 Rajesh.Agrawal@linkintime.co.in