WENDTNSE22 February 2025

Wendt (India) Limited

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Company Overview Business Segments 01 02 Financial Performance 03 Transaction Update & Others 04 RESTRICTED 33 3 1. Company Overview Wendt (India) Limited (WIL) is a market leader in super abras
18.2%
1st One of the market leaders in super abrasives sector in India 1980 Year of Establishment 18.2% FY24 PAT margin ₹ 22,482 lakhs 24.7% FY24 Net Revenue FY24 EBITDA margin 1 Mfg. facility in H
₹ 22,482 lakh
leaders in super abrasives sector in India 1980 Year of Establishment 18.2% FY24 PAT margin ₹ 22,482 lakhs 24.7% FY24 Net Revenue FY24 EBITDA margin 1 Mfg. facility in Hosur 1 Re-profiling Unit in Tha
24.7%
r abrasives sector in India 1980 Year of Establishment 18.2% FY24 PAT margin ₹ 22,482 lakhs 24.7% FY24 Net Revenue FY24 EBITDA margin 1 Mfg. facility in Hosur 1 Re-profiling Unit in Thailand 1
64%
facility in Hosur 1 Re-profiling Unit in Thailand 1 Insert Grinding unit in Pune 118 customers (64% of sales) 78 dealers (16% of sales) Direct sales channel with professional service provided by h
16%
iling Unit in Thailand 1 Insert Grinding unit in Pune 118 customers (64% of sales) 78 dealers (16% of sales) Direct sales channel with professional service provided by highly trained application-
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es channel with professional service provided by highly trained application-oriented sales engineers 30.2% 20.4% 25.4% FY24 Export share FY24 ROE1 FY24 ROCE1 Significant export sales to US, UK, Ger
20.4%
with professional service provided by highly trained application-oriented sales engineers 30.2% 20.4% 25.4% FY24 Export share FY24 ROE1 FY24 ROCE1 Significant export sales to US, UK, Germany, S
25.4%
ofessional service provided by highly trained application-oriented sales engineers 30.2% 20.4% 25.4% FY24 Export share FY24 ROE1 FY24 ROCE1 Significant export sales to US, UK, Germany, South Ko
₹ 204.8
OE1 FY24 ROCE1 Significant export sales to US, UK, Germany, South Korea, Taiwan, and Australia ₹ 204.8 / 50.0 FY24 EPS / DPS ₹ 54.6 lakhs FY24 Sales per employee ₹ 2,512 crs. Market Capitalizatio
₹ 54.6 lakh
ort sales to US, UK, Germany, South Korea, Taiwan, and Australia ₹ 204.8 / 50.0 FY24 EPS / DPS ₹ 54.6 lakhs FY24 Sales per employee ₹ 2,512 crs. Market Capitalization2 Zero-debt company with strong b
₹ 2,512
ea, Taiwan, and Australia ₹ 204.8 / 50.0 FY24 EPS / DPS ₹ 54.6 lakhs FY24 Sales per employee ₹ 2,512 crs. Market Capitalization2 Zero-debt company with strong balance sheet and unbroken dividend t
Guidance — 6 items
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In Compliance with the Regulation 30 of the Listing Regulations, this presentation will be uploaded at the Company's website RESTRICTED 22 2 Table of Contents Company Overview Business Segments 01 02 Financial Performance 03 Transaction Update & Others 04 RESTRICTED 33 3 1.
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8.4 6.7 1.7 2024 CAGR: 9% CAGR: 11% 1 TAM Potential 2 Indian electronics market to grow at 25-30% CAGR FY23-30E to become a USD480-625bn market driven by rising demand of consumer electronics Indian super abrasives market outlook USDm High reserves supports increasing exploration activities which in turn boost demand for super abrasives Indian auto ancillary market to grow at 18-20% CAGR FY24-30E to become USD200m market driven by govt.
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thrust 363 318 45 2024 CAGR: 10% CAGR: 17% 1 2 TAM Potential 14.0 10.8 3.2 2030E 640 527 113 2030E Source: Company information, NITI Aayog, AIA (All India Association of Industries), McKinsey report (Sep-2024)
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1) TP blade: Tuck point blade RESTRICTED 2424 24 Auto ancillary Cutting tool Engineering FY22 FY23 FY24 9M'FY25 Precision products (2/2) Product range Vanes Distance piece CB 18 sub assembly pump Grinding of inserts and Ceramics Transfer blades Shoe cam roller RESTRICTED 2525 25 3.
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Financial Performance Consolidated Financials Performance (1/2) Total Income1 (₹ in lakhs) Net Revenue (₹ in lakhs) 21,523 23,395 18,268 16,477 17,724 20,761 22,482 15,620 FY22 FY23 FY24 9M'FY25 FY22 FY23 FY24 9M'FY25 Operating EBITDA2 (₹ in lakhs) PAT (₹ in lakhs) 23.5% 27.0% 24.7% 21.9% 15.3% 19.3% 18.2% 17.0% 5,615 5,564 4,167 3,424 2,707 2,659 4,009 4,095 FY22 FY23 FY24 9M'FY25 FY22 FY23 FY24 9M'FY25
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1) 2) Includes other operating income and other income Excludes exceptional items and other income Margin % RESTRICTED 2727 27 Consolidated Financials Performance (2/2) Earnings Per Share (₹ share) Dividend per share (₹ share) 200.5 204.8 Dividend %3 650% 135.3 132.9 65.0 800% 80.0 500% 300% 50.0 30.0 FY22 FY23 FY24 9M'FY25 FY22 FY23 FY24 9M'FY25 Net Working Capital Days1 ROCE2 and ROE2 78 79 93 FY22 FY23 FY24
Risks & concerns — 2 flagged
Market Capitalization2 Zero-debt company with strong balance sheet and unbroken dividend track record External credit rating of AA(-) stable (Long term rating) and A1(+) low credit risk & stable (Short term) by ICRA Shareholders: Wendt GMBH (37.5%), Carborundum Universal Ltd.
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1) Wafer Bevel Machine RESTRICTED 1414 14 Case study on Crank Shaft Pin Grinding Challenge Solution Results To Reduce grinding cost Reduction in cost per component ?
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Opening remarks
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Presentation_22th-Feb_vF.pdf https://wendtindia.com/wp-content/uploads/2025/02/Wendt-India_-Investor- Request you to kindly take the above on record. Thanking you Yours faithfully For Wendt (India) Limited Arjun Raj P Company Secretary Regd. Office: Flat. No. A2-105, 1st Floor, Cauvery Block, National Games Housing Complex, Koramangala, Bangalore-47. Phone + 91 80 2570 1423/ 24, Fax + 91 80 2570 1425. Wendt (India) Limited Investor Presentation February 2025 Disclaimer This presentation contains statements relating to future business developments and economic performance that could constitute 'forward looking statement'. While these forward-looking statements represent the Company's judgments and future expectations, several factors could cause actual developments and results to differ materially from expectations. The Company undertakes no obligation to publicly revise any forward-looking statements to reflect future events or circumstances. Further investors are requested to exercise
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1. 2. PLI: Production Linked Incentive Scheme Over 2020-21 levels RESTRICTED 88 8 Global super abrasive market expected to grow at ~9% CAGR and reach USD14bn Global super abrasives market Indian abrasives market Growing demand for high end technology and their benefits Global super abrasives market outlook USDbn Conventional abrasives are being substituted by super abrasives for difficult to grind materials Super abrasives being preferred due to long life cycle, high scale hardness and superlative performance Increasing super abrasive use in automotive sector to cater for hardness of materials, close tolerances, high accuracy needs and boost productivity Growing usage of super abrasive products for various medical applications such as Surgical Instruments, Hypodermic Needles, Dental implants etc. 8.4 6.7 1.7 2024 CAGR: 9% CAGR: 11% 1 TAM Potential 2 Indian electronics market to grow at 25-30% CAGR FY23-30E to become a USD480-625bn market driven by rising demand of consumer electronics
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1. TAM includes businesses of Semiconductor and Medical by 2030. India Super Abrasives 2030E TAM includes USD15m Semiconductor Business 2. Potential includes businesses of Construction, Natural Stones, Marble, Ceramic Tiles and Others RESTRICTED 99 9 Well diversified product offering with market leadership in Super Abrasives segment 1 Super Abrasives (59% of total FY24 Net revenue1) 2 Machines and Accessories (21% of total FY24 Net revenue1) 3 Precision Products (12% of total FY24 Net revenue1) Wide range of Diamond & CBN2 products for Precision Grinding of Hard materials from Steel, Ceramics, Carbide to Exotic materials CNC3 Grinders for the grinding of Carbide and Steel parts with built in gauging & probing facility Precision Ground parts (Steel, Carbide) Comprehensive offering with high product quality and high level of customization Strong product development momentum with application-based approach Certified to produce parts for Aerospace & Auto industry Fine Grinding Wheels, Wear
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1) Based on consolidated basis, others contribute 8% 2) CBN: Cubic Boron Nitride 3) CNC: Computerized Numerical Control RESTRICTED 1010 10 From tools to machines to components… Supporting a diversified set of end-markets including high growth sectors End market industry Resin Bond Metal Bond Electro- plated Vitrified Bond Dressing Rolls Hones Segments D&ST4 PCD5/PCBN6 Brazed Bond Machines Precision Products SA1 MTD2 PP3 Automotive Cutting tools Engineering Refractory Ceramics Glass Steel Defense Power Aerospace Construction Gems, Jewelry s t e k r a m d n e d e h s i l b a t s E s t e k r a m d n e g n g r e m E i
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1) 2) 3) 4) Super Abrasives 5) Polycrystalline Diamond Machines and Accessories 6) Polycrystalline Cubic Boron Nitride Precision Products Dressers & STAR RESTRICTED 1111 11 From tools to machines to components… State-of-the-art manufacturing facilities and global distributor network Manufacturing facilities Global footprint 16.38 acres of area 490+ team strength TQM Shrine New block for purchase New block for stores Capacity utilization at Hosur plant for various products 70% 77% 87% 89% 75% Resin Metal Vitrification Rotary EP a i d n I , r u s o H d n a l i a h T , L T G W 30.2% FY24 Revenue1 69.8% Domestic Exports Production site Sales offices / Distributor Network
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1) Consolidated financials RESTRICTED 1212 12 R&D competencies and latest initiatives to capture the future growth trend Total R&D investments (₹ lakhs) R&D projects in progress for Super Abrasives segment % of sales 0.9% 2.2% 1.3% 421 Automotive and others • Wheels for fettling application • Combi rolls • Single pass honing tool for automotive industries 144 FY22 298 • Vitrified Diamond & CBN2 wheels for Crank & Cam shaft applications • Wheels for round tool industry grinding wheels • Wheels for solar glass & automotive glass grinding FY23 FY24 R&D competencies Technology absorption for manufacture, sales and service of insert grinding machines Strong process competence like sintering, vitrification, vacuum brazing, and electro-plasting Testing and validation capabilities for high performance super abrasive materials Deep application knowledge for TC1, medical, and super alloy materials Received Department of Scientific and Industrial Research (DSIR) recognition (Govt. of India) for i
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