Steelcast Limited has informed the Exchange about Investor Presentation

AC/2079

23.01.2023

The Secretary, BSE Limited, Phiroze Jeejeebhoy Towers, Dalal Street, MUMBAI - 400 001

National Stock Exchange of India Limited, Exchange Plaza, 5th Floor, Plot No.C/1, G Block, Bandra-Kurla Complex, Bandra (E), Mumbai - 400 051

Scrip Code: 513517

Scrip Symbol: STEELCAS

Dear Sir/Madam,

Subject:

Submission of Investor Presentation under Regulation 30 of the SEBI (Listing obligations and Disclosure Requirements) Regulations, 2015.

In accordance with Regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find the Investor Presentation for the Quarter and nine months ended 31st December, 2022 (Q322-23) as an attachment. This is for the general information of the investors and public at large. This Investor Presentation may also be accessed on the website of the company at www.steelcast.net

We request you to take the same on record and disseminate on your respective websites.

Thanking you,

For STEELCAST LIMITED,

(Umesh V Bhatt) COMPANY SECRETARY

L:\AC\2079\COMPLIANCES\SECRETARIAL\NSE and BSE Announcements\Presentation\2023.01.24\Covering Letter.docx

Bhatt Umeshkumar VasantrayDigitally signed by Bhatt Umeshkumar Vasantray Date: 2023.01.23 18:50:32 +05'30' Investor Presentation – Q3FY23

Safe Harbor

This presentation has been prepared by and is the sole responsibility of Steelcast Limited (the “Company”). By accessing this presentation, you are agreeing to be bound by the

trailing restrictions.

This presentation does not constitute or form part of any offer or invitation or inducement to sell or issue, or any solicitation of any offer or recommendation to purchase or subscribe

for, any securities of the Company, nor shall it or any part of it or the fact of its distribution form the basis of, or be relied on in connection with, any contract or commitment thereof. In

particular, this presentation is not intended to be a prospectus or offer document under the applicable laws of any jurisdiction, including India. No representation or warranty, express

or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Such

information and opinions are in all events not current after the date of this presentation. There is no obligation to update, modify or amend this communication or to otherwise notify

the recipient if the information, opinion, projection, forecast or estimate set forth herein, changes or subsequently becomes inaccurate.

Certain statements contained in this presentation that are not statements of historical fact constitute “forward-looking statements.” You can generally identify forward-looking

statements by terminology such as “aim”, “anticipate”, “believe”, “continue”, “could”, “estimate”, “expect”, “intend”, “may”, “objective”, “goal”, “plan”, “potential”, “project”, “pursue”, “shall”,

“should”, “will”, “would”, or other words or phrases of similar import. These forward-looking statements involve known and unknown risks, uncertainties, assumptions and other

factors that may cause the Company’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or

implied by such forward-looking statements or other projections. Important factors that could cause actual results, performance or achievements to differ materially include, among

others: (a) our ability to successfully implement our strategy, (b) our growth and expansion plans, (c) changes in regulatory norms applicable to the Company, (d) technological

changes, (e) investment income, (f) cash flow projections, and (g) other risks.

This presentation is for general information purposes only, without regard to any specific objectives, financial situations or informational needs of any particular person. The

Company may alter, modify or otherwise change in any manner the content of this presentation, without obligation to notify any person of such change or changes.

2

Q3 & 9MFY23 Financial Performance

3

Q3FY23 Performance Highlights

Q3FY23 (Y-o-Y)

Highlights

Revenue 119.7 Crs

EBITDA 30.7 Crs

PAT 19.3 Crs

52%

The Revenue from Operations saw an increase of 52% on a Y-o-Y basis. The gain from foreign exchange and lower input prices contributed to the better profitability during the quarter.

84%

The EBITDA margins for this quarter stood at 25.6%, which is an increase of 450 basis points on a Y-o-Y basis

The company has reported a PAT of Rs 19.3 crores, an increase of 126% on a Y-o-Y basis with an increased PAT margin of 16.1%

126%

The audit from Association of American Railroad(AAR) has concluded and the result for the same would be updated soon.

4

Q3FY23 Consolidated Key Highlights

Revenue (Rs. in Crs)

EBIDTA (Rs. in Crs)

PAT (Rs. in Crs)

52%

-1%

119.7

121.2

119.7

84%

+8%

126%

+10%

30.7

30.7

19.3

19.3

28.3

17.6

79.0

16.7

8.5

Q3FY22

Q3FY23

Q2FY23

Q3FY23

Q3FY22

Q3FY23

Q2FY23

Q3FY23

Q3FY22

Q3FY23

Q2FY23

Q3FY23

Y-o-Y

Q-o-Q

Y-o-Y

Q-o-Q

Y-o-Y

Q-o-Q

5

9M FY23 Consolidated Key Highlights

Revenue (Rs. in Crs)

EBIDTA (Rs. in Crs)

PAT (Rs. in Crs)

71%

356.5

80%

83.0

116%

51.0

209.0

46.1

23.6

9MFY22

9MFY23

9MFY22

9MFY23

9MFY22

9MFY23

Y-o-Y

Y-o-Y

Y-o-Y

6

Geographical Revenue growth

Exports

Domestic

+1600 bps

+200 bps

65.0%

63.0%

65.0%

49.0%

-1600 bps

51.0%

-200 bps

35.0%

37.0%

35.0%

Q3FY22

Q3FY23

Q2FY23

Q3FY23

Y-o-Y

Q-o-Q

Q3FY22

Q3FY23

Q2FY23

Q3FY23

Y-o-Y

Q-o-Q

7

Revenue Breakup (Q3FY23)

Segment-wise Revenue (%)

Geography-wise Revenue (%)

1.0%

Total revenue Rs. 119.7 Cr

99.0%

35.0%

Total revenue Rs. 119.7 Cr

65.0%

OEM Sales Replacement Market

Domestic Exports

8

Quarterly Profit & Loss Statement

Particulars (Rs.Crs )

Revenue from Operations

Cost of Materials consumed

Changes in Inventories of finished goods & work in progress

Manufacturing Expense

Power, Fuel & Water Charges

Consumption of Stores & Spares

Total Raw Material

Value Addition

Employee Expenses

Other Expenses

EBITDA

EBITDA %

Depreciation and Amortisation Expense

Finance Costs

Other Income

PBT

PBT Margin

Tax Expenses

PAT

PAT %

EPS (₹)

Q3 FY23

Q3 FY22

119.7

33.9

-1.9

10.9

16.8

15.2

74.9

44.8

9.4

4.8

30.7

79.0

27.2

-11.6

9.0

14.1

13.7

52.3

26.7

7.6

2.4

16.7

25.6%

21.1%

4.4

0.5

0.1

25.8

21.5%

6.5

19.3

16.1%

9.5

4.4

0.8

0.1

11.5

14.5%

2.9

8.5

10.8%

4.2

Y-o-Y

52%

68%

84%

124%

126%

Q2FY23

Q-o-Q

9MFY23

9MFY22

121.2

-1%

356.5

29.6

5.3

11.1

16.1

15.7

77.8

43.3

9.5

5.6

28.3

23.4%

4.7

0.7

0.6

23.5

19.4%

6.0

17.6

14.5%

8.7

4%

8%

10%

10%

92.0

11.4

33.2

49.3

46.5

232.4

124.1

27.1

14.0

83.0

209.0

68.1

-24.3

23.0

34.5

34.5

135.8

73.2

20.7

6.4

46.1

23.3%

22.1%

13.8

2.0

1.0

68.3

19.2%

17.3

51.0

14.3%

25.2

13.4

1.2

0.2

31.7

15.2%

8.1

23.6

11.3%

11.7

Y-o-Y

71%

69%

80%

115%

116%

9

Balance Sheet Ratios

Long term Debt (Rs. Crs.)

Short term Debt (Rs. Crs)

Debt to Equity

28

No LT debt has been taken by Steelcast until now

70.0

Short term borrowing has reduced for H1FY23

-26.0%

63.0

0.91

46.6

to

Equity

has Debt reduced by 37.5% from FY22 to H1FY23

14

13

9

Mar-18 Mar-19

Mar-20

Mar-21

0 Mar-22

0 Sep-22

25.0

17.0

14.0

0.45

0.25

0.18

-37.5%

0.40

0.25

Mar-18

Mar-19

Mar-20

Mar-21 Mar-22

Sep-22

Mar-18 Mar-19 Mar-20 Mar-21 Mar-22 Sep-22

RoCE

RoE

Working Capital (in Days)

26.6%

28.4%

22.3%

21.7%

23.3%

147

143

16.8%

14.7%

13.2%

9.8%

6.8%

100

74

74

100

Mar-18

Mar-19

Mar-20

Mar-21

Mar-22

Mar-18

Mar-19

Mar-20

Mar-21

Mar-22

Mar-18 Mar-19 Mar-20

Mar-21

Mar-22

Sep-22

10

Company Overview

11

Diversified Business Model catering to Varied Industries

Existing Segments*

Earth Moving Industry

Mining

Mineral Processing Industry

Steel Plants

Cement

Construction

Foray into New Segments

Railways

Electro Locomotive

Ground Engaging Tools (GETs)

* Business done is with all OEMs

12

Presence across the Globe

Denmark

USA

Mexico

Germany

India - Headquartered

South Korea

China

Japan

Thailand

Singapore

Brazil

Australia

Export Presence

“Two-Star Export House Status holder”

Expected to increase the presence 15+ countries in the next 5 years

Disclaimer: Map not to scale. All data, information and maps are provided “as is” without warranty or any representation of accuracy, timeliness or completeness

13

Experienced Board of Directors

Mr. Chetan M. Tamboli, Managing Director & CEO

• Aged 62 years, a third-generation entrepreneur, is a commerce graduate armed with an MBA Finance from USA

• Serving as a CEO since 2003 with total experience of more than 30 years. Looks after strategy, policy making and overall management

• Served as the Chairman Board of Governors, Government Engineering College, Bhavnagar, Gujarat since 2014

Mr. Rushil C Tamboli (Non-Executive Non-Independent Director)

• Aged 33 years, is an Engineering graduate with Industrial Engineering (I.E.)

• Heading various departments and contributed to improve fuel efficiency of heat treatment operations, developing new parts, achieving improvement in Man hours per ton

Mr. Hemant D Dholakia (Independent Non- Executive Director) • Aged 57 years, he has completed his master’s degree in Marketing and Finance

from University of Scranton, USA and has experience in manufacturing industries more than 38 Years. He is the Managing Director at Goran Pharma Pvt. Ltd.

• Director at Hansrx Pvt. Ltd. & Partner at Parag Perfumes, Sihor

Ms. Vidhi C Tamboli (Non-Executive Non-Independent Director) • Aged 30 years, is a Master of Arts & Master of Education (Psychology)

• Heading Human Resource department of the Company

• She is having experience as career counselor in India and overseas and is involved in

various Corporate Social Responsibility (CSR) activities

Mr. Apurva R Shah (Independent Non- Executive Director) • Aged 52 years, he has received his undergraduate degree from London School of

Economics and Political Sciences and has an experience of more than 15 years.

• He is an Independent Director at GRP Limited, Acrysil Limited, Florican Chemicals and

Resins Private Limited

Mrs. Aarushi M Ganatra (Independent Non-Executive Director) • Aged 64 years, is a graduate in Commerce

• She also heads a consultancy firm to advise in business, finance & investments

• Has worked for over 3 decades at various levels in the field of Statutory audits, internal

audits and human resource training.

Mr. T Kumar (Permanent Invitee ) • Aged 82 years, is a B. Tech graduate (IIT, Khadagpur) armed with M.E. (Foundry) (IISc, Bangaluru). He is a permanent Invitee to the Board and its committee meetings since September 2018 with total experience of about 50 years in the Company.

• He also served as CFO

14

Future Strategy

15

Rationalization Measures

Product Development

Business Development

Initiated a rationalization plan since last 2 years

in Gujarat

Company to set up 5 MW Solar Power region for captive Plant bring will consumption considerable savings.

which

Hybrid and solar power plants to be commissioned on or before 31st March, 2023. Savings in power cost will be realised from April 2023 with annual savings in excess of Rs 10 crores.

25 years PPA signed for solar & wind hybrid power project which will bring considerable savings

Reduction in throughput time for processing of castings – thus unlocking of capital from working capital needs

Both these plants will meet around 80% of the total power requirement at present and balance 20% will be met through the state electricity board.

utilization

capacity

As a result of our continuous efforts to be a one stop solution for our customers, 70% of our turnover is in the form of machined castings.

16

THANK YOU

Company:

CIN: L27310GJ1972PLC002033

Name: Mr. Subhash Sharma, CFO

Email ID: ss@steelcast.net

Investor Relations Advisors:

Mr. Faraz Ahmed +91 9619705150 faraz.ahmed@linkintime.co.in

Mr. Rajesh Agrawal +91 9967491495 rajesh.agrawal@linkintime.co.in

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