ROLEXRINGSNSE11 August 2023

Rolex Rings Limited has informed the Exchange about Investor Presentation

Rolex Rings Limited

Rolex Rings Limited Update on earnings for Q1FY24

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

Q1 FY24 financials and business developments

Financial Performance - Quarterly

Revenues from Operations (₹ mn)

EBITDA (₹ mn) and margins

PBT/ PAT (₹ mn)

7 4 8 2

5 9 9 2

3 1 1 3

3,500.0

3,000.0

2,500.0

2,000.0

1,500.0

1,000.0

500.0

EBITDA (INR mn)

EBITDA Margin %

PBT (INR Mn)

PAT (INR Mn)

24.3%

709

800.00

700.00

600.00

500.00

400.00

300.00

200.00

100.00

21.6%

23.1%

723

648

700.00

600.00

500.00

400.00

300.00

200.00

100.00

608

497

571

464

650

484

Q1FY23

Q4FY23

Q1FY24

Q1FY23

Q4FY23

Q1FY24

Q1FY23

Q4FY23

Q1FY24

Revenues from Operations (excluding scrap and other operating income) for Quarter ended June 30, 2023

Bearing Rings

43%

Auto Components

56%

Exports

Domestic

57%

44%

o Slight recovery from European market, expecting further to be built up

in coming couple of quarters.

o US based auto component business for EV & Hybrid expected to be started for their plant at Brazil, Mexico by Nov/Dec-23. Further ramp up by June-24.

o Tier-II India based auto component mfg, awarded program for EV components to be supplied to their customer @ US. SOP from June- 24 onwards.

o Replacing traditional bearing ring mfd through Tube route to forging route. One of the existing customer has released PPAP order, SOP by Dec-23.

o Net Debt of the Company as at end of Quarter has reduced to below

INR 200 mn;

Revenue mix by indicative end-user industries

Revenues from operations (excluding scrap sales and other operating income)

FY19

FY20

FY21

FY22

FY23

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

45.0%

27.4%

26.3%

0.2%

36.8%

38.2%

40.0%

42.5%

30.6%

32.3%

29.6%

26.4%

26.8%

26.1%

24.1%

27.8%

1.2%

0.2%

4.1%

7.1%

5.6%

0.3%

1.3%

0.5%

0.0%

Q1FY24

38.5%

24.3%

28.1%

9.1%

Industrial

CV & HCV

BEV & Hybrid

Rolex continues to maintain growth momentum with focus on margins and strengthening balance sheet

Total Revenues from Operations (₹ mn)

EBITDA (₹ mn) and margins

PBT/ PAT (₹ mn)

Inside India

Outside India

14,000.00

12,000.00

10,000.00

8,000.00

6,000.00

4,000.00

2,000.00

9,043

5,089

10,102

6,660

3,585

6,163

5,472

3,459

11,790

6,523

3,955

3,075

2,704

4,630

5,267

3,113

1,798 1,316

FY19*

FY20*

FY21*

FY22

FY23 Q1FY24

Operating Cash Flows & Capex (₹ mn)

2,500.00

2,000.00

1,500.00

1,000.00

500.00

CFO (INR Mn)

Capex (INR Mn)

8 3 9 1

8 3 8 1

9 2 1 2

7 6 3

1 6 1

2 9 5

7 8 3

5 9 6

9 8 5

3 2 4

3,000.00

2,500.00

2,000.00

1,500.00

1,000.00

500.00

4,500.00

4,000.00

3,500.00

3,000.00

2,500.00

2,000.00

1,500.00

1,000.00

500.00

EBITDA (INR mn)

19.4%

18.1%

22.8%

0 8 0 2

8 0 3 1

3 2 1 1

EBITDA Margin % 23.1%

23.4%

0 0 8 2

3 0 4 2

3 2 7

3,000.00

2,500.00

2,000.00

1,500.00

1,000.00

500.00

6 0 4 1

PBT (INR Mn)

PAT (INR Mn)

0 3 4 2

1 8 9 1

4 4 9 1

9 1 3 1

0 5 6

4 8 4

0 9 5

1 2 7

9 2 5

0 7 8

2 5 7

FY19*

FY20*

FY21*

FY22

FY23 Q1FY24

FY19*

FY20*

FY21*

FY22

FY23 Q1FY24

Net Debt (₹ mn) and Net Debt: Equity

Return on Equity (%)

Net Debt (INR mn)

Net Debt: Equity

1.79

0 5 8 3

0.95

0.69

0.37

0.06

7 7 5 2

9 4 4 2

0 3 0 2

1 7 4

27%

30.00%

28.00%

26.00%

24.00%

22.00%

20.00%

18.00%

16.00%

14.00%

12.00%

10.00%

20%

RoE (%)

24%

27%

24%

FY19*

FY20*

FY21*

FY22

FY23

FY19*

FY20*

FY21*

FY22

FY23

FY19*

FY20*

FY21*

FY22

FY23

Note : Return on Equity = Profit After Tax / Total Equity; * indicates that numbers are based on Restated Financials; .

Statement of Profit and Loss (Quarterly)

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)

Q4FY23

Q3FY23

Q-o-Q %

Q4FY22

3,113

3,137

2,995

2,997

1,522

1,443

126

150

617

2,487

650

164

166

484

196

147

563

2,426

571

141

(35)

107

464

2,847

2,916

1,405

(31)

146

687

2,308

608

155

(44)

110

497

14%

Y-o-Y %

(3%)

Statement of Profit and Loss (Annual)

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)

FY23

FY22

FY21

FY20

FY19

11,790

193

11,983

5,860

139

592

101

269

2,593

9,553

2,430

612

(163)

449

1,981

10,102

114

10,217

5,195

(554)

588

204

256

2,584

8,273

1,944

666

(41)

625

1,319

6,163

6,198

3,166

(292)

519

117

254

1,682

5,446

752

130

(248)

(118)

870

6,660

6,753

3,137

156

527

322

265

1,626

6,032

721

127

191

529

9,043

9,113

4,529

(190)

608

420

254

2,085

7,707

1,406

309

506

815

590

Balance Sheet - Snapshot

Particulars (₹ mn)

FY23

FY22

FY21

FY20

FY19

Assets

Non-current assets

Property, plant, and equipment

Capital work in progress

3,902

458

3,789

460

116

20 184

20 155

3,714

3,730

3,808

140

288

111

125

131

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

2,556

2,617

1,711

1,306

1,602

b) Trade receivables

2,285

2,305

1,708

1,277

1,815

c) Cash and cash equivalents

d) Bank balances other Cash and cash equivalents

than

e) Other financial assets

Other current assets

217

127

186

162

104

152

195

152

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)

FY23

FY22

FY21

FY20

FY19

272 7,158 7,430

272 5,176 5,448

240 3,328 3,567

240 2,441 2,681

240 1,914 2,153

0 32 179 445

815 0 1,110 47 22 7

205

0 34 179 608

2,024 0 1,197 58 23 8

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 assets

10,133

9,850

7,969

6,862

7,823

Total equity and liabilities

10,133

9,850

7,969

6,862

7,823

Total liabilities

2,703

4,402

4,181

5,669

For further information, please contact:

+91 281 6699 577/ 677

info@rolexrings.com

Mr. Hiren Doshi – Chief Financial Officer

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Rolex Rings Limited has informed the Exchange about Investor Presentation

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