Skipper Limited has informed the Exchange about Investor Presentation
Date: 5th February, 2025
The Manager National Stock Exchange of India Limited Exchange Plaza, 5th Floor, Plot No. C-1, Block-G Bandra Kurla Complex, Bandra (E) Mumbai- 400 051 Symbol- SKIPPER
The Manager BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street Mumbai- 400 001 Scrip Code- 538562
Subject: Investor Presentation on Unaudited Standalone and Consolidated Financial Results for the quarter ended 31st December, 2024.
Dear Sir,
In compliance with the provisions of Regulation 30 read with Schedule III of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith the copy of Investor Presentation in connection with Unaudited Standalone and Consolidated Financial Results for the quarter ended 31st December, 2024.
Kindly take the same on record.
Thanking you,
Yours faithfully, For Skipper Limited
Anu Singh Company Secretary & Compliance Officer
Encl: As above
SEIZING THE MULTI DECADAL OPPORTUNITY Positioned to Power Growth in the Global Transmission sector
INVESTOR PRESENTATION
February 2025
Table of Contents
1. Q3 FY ’25 Performance Highlights
2. Growth Strategies
3. Company overview
`
4. Key Strengths
5.
Industry Overview
6. ESG, Awards & Recognition
Performance & Financial Highlights – Q3 & 9M’25
Director Speaks
Mr Sharan Bansal, Director
“ I am pleased to share that our company continues to deliver strong and consistent performance, maintaining its trajectory of order book expansion, revenue growth and profitability improvements over multiple quarters. We achieved our highest-ever third quarter revenue of ₹11,352 million, reflecting 42% year-on-year growth. For the nine-month period, our revenue stands at ₹33,367 million, marking a 57% increase. This strong performance has been driven by robust execution, particularly in our engineering business segment.
Our EBITDA margin remained steady at 9.8%, while our sharp focus on profitability led to a 76% increase in PAT for the quarter and an 80% rise for the nine-month period, with Net profit exceeding Rs 1,000 million for the first time in a nine-month period.
We secured ₹13,182 million in new orders, bringing our year-to-date inflow to ₹37,433 million, up 19% year-on-year. Our order book now stands at ₹63,540 million, reflecting a well-diversified and nearly all-time high backlog. Our leadership in domestic power T&D has been reinforced with major contract wins from PGCIL and SEBs, while international expansion will accelerate as additional capacity comes online next year.
The ₹9.15 lakh crore investment in power transmission projected by the CEA by 2032, coupled with the global shift towards renewable energy, presents immense opportunities, and we are well-positioned to capitalize on these trends. Additionally, our Substation EPC segment is favorably placed to secure its first major breakthrough, complementing our established expertise in transmission lines. We are also advancing SAP S/4HANA RISE implementation, marking a significant step in our digital transformation journey.
On the financial front, we have received ₹1,480 million from the pending call money proceeds of the rights issue, further strengthening our working capital position and optimising interest costs .
With strong financial performance, a robust order pipeline, and strategic expansion into new growth areas, we are well- positioned for sustained long-term value creation. Thank you for your continued trust and support as we lead the way in advancing power infrastructure and meeting global energy demands”
4
Business Update– Q3 FY’25
Revenue Performance Highlights
Company registered its best ever third quarter revenue of Rs 11,352 million on back of strong execution in Engineering business segments, achieved growth of 42% over previous year quarter
The engineering business achieved its highest ever revenue quarter of Rs 9,067 million against Rs 5,177 million in the previous year quarter, registering a stupendous growth of 75% ; Export share in overall engineering revenue stood at 20 % in Q3 ‘25
Operational & Financial Performance Highlights
EBITDA increased to Rs 1,109 million against Rs 771 million, up by 44 %
Consolidated EBITDA margins improved to 9.8 % against 9.6% in previous year quarter
Finance cost as % of sales improved to 4.4% against 4.9% in previous year quarter
Robust growth in bottom line – Consolidated PAT increased to Rs 361 million against Rs 205 million in previous year quarter, showcasing a growth of 76% ; PAT Margin improved to 3.2 % of sales.
5
Business Update– 9M FY’25
Revenue Performance Highlights
Achieved its best ever nine month revenue performance; Revenue of 9M Fy’25 increased to Rs 33,367 million against Rs 21,285 million in 9M FY’24, registering a stupendous growth of 57 %
Engineering business segment achieved Revenue of Rs 25,809 million against Rs 15,301 million in the previous year nine month period, registering a growth of 69 %
9M Fy’25 export revenue grew 36 %, to Rs 5,946 million from Rs 4,369 million last year ; Export share in overall engineering segment business stood at 23%
Infrastructure business achieved its best ever 9M revenue performance ; Revenue increased to Rs 4,629 million against Rs 2,493 million, up by 86 %
Operational & Financial Performance Highlights
Consolidated EBITDA margins stood at 9.8 % for 9M Fy’25
Consolidated PAT increased to Rs.1,014 million against Rs 565 Million in previous year period , registering a growth of 80 % ; The PAT margin improved to 3.0 % of sales
Finance cost was stable at 4.7% of sales, with ongoing initiatives aimed at bringing it down in subsequent quarters
6
Other Major Update
Implementation of SAP S4 HANA RISE
The company is in advanced process of implementing SAP S4 HANA RISE, an advanced enterprise resource planning (ERP) solution. This implementation will empower the business to streamline operations, enhance efficiency, and gain real time insights for informed decision making, marking a significant milestone in our broader digital transformation journey
New Business Vertical – Substation EPC
The company has commenced the development of specialized capabilities in substation EPC fieldwork, complementing its established expertise in power transmission lines. As part of this strategic expansion, the company is favorably positioned to secure its first major substation EPC contract, marking a significant milestone in its growth with in the power transmission sector.
Right issue Proceeds
The company has received the majority pending proceeds of the right issue call money, totaling approx. Rs 148 crores. These funds will be utilized for working capital, leading to interest savings and supporting business growth.
7
Consolidated Financial Performance Q3 FY’25
Rs in Mn
Sl
Profit & Loss Summary
Q3 FY’25
Q3 FY’24
1
2
3
4
5
6
7
8
9
Revenues
Reported EBITDA
EBITDA Margins (%)
(+) Other Income
(-) Depreciation
(-) Finance Cost
Finance cost as % to Revenue
(+) Share of Profit / (Loss) of JV
Profit Before Tax (2+3-4-5+6)
PBT Margins (%)
Tax
Profit / Loss After Tax (7-8)
PAT Margins (%)
11,352.47
8,015.81
1,109.07
9.77%
37.22
166.48
497.27
4.38%
1.73
484.27
4.27%
123.40
360.87
3.18%
770.68
9.61%
22.55
134.84
394.76
4.92%
26.93
290.55
3.62%
85.86
204.69
2.55%
YoY Change %
41.6%
43.9%
+16 Bps
66.7%
+65 Bps
76.3%
+63 Bps
Q2 FY’25
11,097.37
1,124.35
10.13%
33.73
149.18
554.50
5.0%
(10.03)
444.37
4.0%
115.05
329.32
2.97%
QoQ Change %
2.3%
-1.4%
-36 Bps
9.0 %
+27 Bps
9.6 %
+21 Bps
8
Consolidated Financial Performance 9M FY’25
Rs in Mn
Sl
1
2
3
4
5
6
7
8
9
Profit & Loss Summary
Revenues
Reported EBITDA
EBITDA Margins (%)
(+) Other Income
(-) Depreciation
(-) Finance Cost
Finance cost as % to Revenue
(+) Share of Profit / (Loss) of JV
Profit Before Tax (2+3-4-5+6)
PBT Margins (%)
Tax
Profit / Loss After Tax (7-8)
PAT Margins (%)
9M FY’25
33,367.28
3,280.07
9.83%
104.54
460.76
9M FY’24
21,285.35
2,108.97
9.91%
55.91
388.49
1,564.23
1,024.63
4.69%
0.02
1,359.64
4.07%
345.23
1,014.41
3.04%
4.81%
57.23
808.99
3.80%
243.93
565.06
2.65%
YoY Change %
56.8%
55.5%
- 8 Bps
68.1%
+27 Bps
79.5 %
+39 Bps
9
Segment Report
Segment
Profit & Loşs Summary
Q3 FY'25
Q3 FY'24
Change %
9M FY25
9M FY'24
Change %
Net Sales
9,066.78
5,176.58
75.15%
25,809.33
15,300.68
68.68%
Engg Products
EBITDA
990.60
611.80
61.92%
2,867.80
1,785.11
60.65%
% of Sales
Net şales
10.93%
11.82%
11.11%
11.67%
935.31
1,086.17
-13.89%
2,929.03
3,491.35
-16.11%
PVC Products
EBITDA
40.22
48.49
-17.04%
129.56
188.69
-31.34%
%of şales
Net şales
4.30%
4.46%
4.42%
5.40%
1,350.38
1,753.06
-22.97 %
4,628.92
2,493.32
85.65%
Infra Projects
EBITDA
78.25
110.40
-29.12%
282.72
135.18
109.13%
Polymer 8.78%
Infra 13.87%
% of şales
5.79%
6.30%
6.11%
5.42%
Net şales Total
11,352.47
8,015.81
41.63%
33,367.28
21,285.35
56.76%
Engg 77.35%
Total
EBITDA Total
1,109.07
770.68
43.91%
3,280.07
2,108.97
55.53%
% of Sales
9.77%
9.61%
9.83%
9.91%
Revenue Mix – 9M FY’25
Note: Segment EBITDA includes allocation of un-allocable expenditure in pro-rata share of Sales and Capital Employed in their respective segment
10
Key Performance highlights
Rs in Million
Stand Alone - Revenue
EBITDA & Margin
PAT & Margin
Rs in Mn
8,016
+ 42 %
11,097
11,352
Q3 FY'24
Q2 FY '25
Q3 FY '25
9M’25 Vs 9M’24
+ 57%
33,367
21,285
9M FY'24 Investor Presentation | May 2023
9M FY'25
+ 44 %
+ 76 %
+ 56 %
+ 80%
11
Order Book Highlights
63,540.84 Orderbook as of Dec 2024 (Rs mn)
37,432.82 Order Inflows in 9MFY25 (Rs mn)
13,182.00 New Orders in Q3 FY25 (Rs mn)
Share of non-T&D products, including Railways and Telecom, in the overall order book stood at 22.87%
Domestic contracts from PGCIL and several SEB’s, reinforced leadership in power T&D Sector
International contracts across North and South America helping us to become global industry leader
Orderbook has shown consistent growth
n m
s R
21,150.81
45,505.63
62,145.88
63,540.84
Mar'22
Mar'23
Mar'24
Dec'24
Investor Presentation | Feb 2025
Geographical Breakup
Export 10.80%
Domestic 89.20%
Segmental Breakup
22.87%
10.80%
66.33%
T&D Domestic
Export
Non T&D Domestic
Note: Non T&D products includes - Telecom, Railways, Solar, Water EPC & other Steel Structural items
12
Order Inflow Trend
9M FY25 Total Inflow – Rs 37,432.82 mn
Trail 12M Total Inflow – Rs 48,837.90 mn
28,638.99
Achieved highest ever order inflow for any quarter
FY’24 - Secured highest ever annual order inflow of Rs 42,855.75 mn
n m
s R
4,533.70 5,010.45
4,225.15
4,027.17 4,605.43
2,709.58
15,286.21
12,148.21
11,405.08
16,598.72
13182.00
4,096.54
4,016.25
7,652.10
Q1 FY'22 Q2 FY'22 Q3 FY'22 Q4 FY'22 Q1 FY'23 Q2 FY'23 Q3 FY'23 Q4 FY'23 Q1 FY'24 Q2 FY'24 Q3 FY'24 Q4 FY'24 Q1 FY'25 Q2 FY'25 Q3 FY'25
Investor Presentation | Feb 2025
13
Key Strategies
Inflection Point with Growth Ahead
Well-positioned to capture long-term industry tailwinds and to be a proxy play on China +1 theme for export markets
Skipper is well positioned to seize the multi - decadal opportunities for exponential growth!
Focus on strengthening EHV Market share through capacity expansion and focus on R&D initiatives
Scale up exports by increasing penetration into developed markets for key segments – Power Transmission and Telecom
Enhance retail distribution network of polymer business
Improvement in operational efficiency through economies of scale and cost reduction initiatives
Investor Presentation | Feb 2025
15
Company Overview
Skipper at a Glance
43+
Years of Operations
India’s largest manufacturer of integrated T&D structures (based on FY24 capacity)
Amongst top 10 globally in manufacturing of T&D structures (based on FY24 capacity)
Multi-sectoral expertise
FY24 Revenue Mix
13.79%
67.98%
18.23%
Engineering
Infrastructure
Polymer
4
Manufacturing facilities in India
3,00,000 MTPA Engg products capacity
62,000 MTPA Polymer pipes and fitting products capacity
Exporting to 50+ countries
3,416 Employees as of H1FY25
32,820.43 FY24 Revenue (Rs mn)
3,194.34 FY24 EBITDA (Rs mn)
816.65 FY24 PAT (Rs mn)
6,356.24 FY24 Export Revenue (Rs mn)
63,540.84 9M FY25 Orderbook (Rs mn)
38.66% FY22-FY24 Revenue CAGR
9.73% FY24 EBITDA margin
19.15% FY24 ROCE
87 days FY24 Working Capital Days
2.25x Orderbook to FY24 Sales1
Investor Presentation | Feb 2025
1. Orderbook to Sales Ratio = 9M FY25 Orderbook / FY24 Revenue for Eng & Infra segments only
17
Our Journey – a legacy of 4+ decades
- Commissioned one of India’s largest
Tower & Monopole Load Testing Station Set up DSIR approved R&D Centre
-
2020
- Commissioned our first Transmission line EPC project 400 KV Panchkula Patiala for PGCIL - Diversified into Transmission EPC segment by way of forward integration
2016
Backward integration through setting up of rolling Mill
2010
2018 - Diversified into Railway Electrification
Received PGCIL approval for tower unit and our first order for 400KV towers
2006
2014 Won supply contracts for South America’s Transmission market
2009 Got India’s first order for 800KV transmission towers from PGCIL
2024
- Secured 9 projects from PGCIL, including 8 key 765KV transmission line projects
- Awarded Emerging Power EPC Player by PGCIL
2023 Appointed MS Dhoni as Brand Ambassador for promoting Polymer Pipes
1981
Incorporated for manufacturing of Hamilton Poles
Investor Presentation | Feb 2025
Note: PGCIL refers to Power Grid Corporation of India Limited
18
Key Management
Whole Time Directors
Sajan Kumar Bansal Chairman and Managing Director
Sharan Bansal Director
Devesh Bansal Director
Siddharth Bansal Director
Yash Pall Jain Director
Independent Directors
Mr. Ashok Bhandari Independent Director
Mrs. Mamta Binani Independent Director
Mr. Raj Kumar Patodi Independent Director
Mr. Pramod Shah Independent Director
Mr. Desh Raj Dogra Independent Director
Investor Presentation | Feb 2025
19
Key Strengths
Investment Highlights
Market Leadership
Diverse product portfolio with a legacy of innovation
Integrated low-cost manufacturing capabilities backed by strong R&D
• India’s largest (top 10 globally) integrated T&D tower structures manufacturer • Experienced Promoter with 4 decades of expertise in the manufacturing business • One of the largest manufacturers of T&D structures with tower testing facilities to serve their global customers • Most preferred supplier of Transmission tower of HVDC Projects, awarded 9 T&D projects by PGCIL in the last year
• Offers a comprehensive range of products across Engineering, Infrastructure and Polymers • First Indian company to design and supply transmission monopoles to North America • Certifications from sovereign and international clients, including PGCIL approval and ISO 14001: 2015 & ISO 9000
accreditation showcasing quality excellence.
• Due to cost optimization, integrated plant benefits and strategic plant location with proximity to ports, the company is
well positioned to take benefits of a Multi Decadal Transmission Opportunity • Qualified engineering team coupled with in house design and R&D capabilities • Low-cost T&D player in India with the highest EBIDTA margin amongst peers as of H1FY25
Strong global presence
• Strong international presence in over 50+ countries • Establishment of an R&D Centre and Tower Testing Station improving brand positioning in export markets • Exports contributing 28.49% of engineering products revenue, 19.37% of overall revenue in FY24
Healthy financial performance and robust order book
• Strong industry tailwinds coupled with company’s market leadership leading to Revenue CAGR of 38.66% between
FY22-FY24
• Order book to revenue ratio of 2.25 x on FY24 Revenue , showcasing long term revenue visibility
Investor Presentation | Feb 2025
21
Diverse Product Portfolio (1/2)
We manufacture a range of Power Transmission structures, Telecom Towers, and Railway Electrification Infrastructure
Engineering
Infrastructure
Power Transmission Tower
Railway Structures
Power Distribution Poles
MS & High Tensile Angles
Tower EPC
Telecom EPC
Monopoles
Test Station
Telecom Tower
Engineering Segment 12.16%
11.28%
11.63%
11.11%
Fasteners & Tower Accessories
22,310.42
25,809.33
13,218.48
15,238.54
FY22
FY23
Net Sales (Rs. Mn)
FY24
9M FY25 EBITDA Margin
Investor Presentation | Feb 2025
11 kV – 1200 kV Range of voltage
28.49% FY24 Export revenue (Engg segment)
3,00,000 MTPA Engg products capacity as of H1FY25
Coatings
Water EPC
Infrastructure Segment
-5.81%
3.05%
6.05%
6.11%
5,983.63
4,628.92
652.11
504.97
FY22
FY23
FY24
9M FY25
Net Sales (Rs. Mn)
EBITDA Margin
•
•
Forward integration activity Focus on high- margin HVDC Transmission projects
22
Diverse Product Portfolio (2/2)
Leading manufacturer of Polymer pipes and fittings, catering to both plumbing and agricultural sectors with expanding reach and strengthening market share.
UPVC Pipes
CPVC Pipes
HDPE Pipes
Fittings
Polymer
One of the largest manufacturer of polymer pipes and fittings products in West Bengal and in East India
Growing National Presence with 30,000+ retail units across India(1)
Leveraging Economies of Scale in Procurement of PVC & CPVC Resin locally and internationally
End use industries: Plumbing, Sewage, Borewell & Agriculture Focusing on Plumbing products
Skipper Pipes have been certified with highest standard of NSF 14 in 2016
One of India’s most organized
channel structure, creating a good
base for the brand to scale upon
Only Polymer Pipe company in India
to implement the Theory of
Constraints (TOC) into its operation
Storage Tanks
Bath Accessories
Agriculture Pipes
Borewell Pipes and Fittings
Investor Presentation | Feb 2025
Note: 1 Data as of H1FY25
62,000 MTPA Polymer Capacity as of as of H1FY25
Polymer Segment
3.38%
3,200.21
4.72%
5.23%
4,059.49
4,526.38
4.42%
2,929.03
FY22 Net Sales (Rs. Mn)
FY23
FY24
9M FY25 EBITDA Margin
23
Core Competencies in Manufacturing
Integrate manufacturing facilities with advanced technology
Automated State-of-the-Art Equipment
Value Optimization through Engineering and Design Excellence
75% Production is through Automated CNC line
In-House Availability of Products, Accessories, and Technical Services
Single location plant leading to Cost Efficiencies
7 Galvanizing plants in- house with a Galvanizing capacity of 300k MT p.a.
Strategically located plants in the East, ensuring raw material access, proximity to Haldia & Kolkata port, and cost-effective labour
Awarded as “Largest Tower Supplier” by PGCIL (1) & "Best Industry in Water Resources sector" by Central Board Of Irrigation And Power (2)
PGCIL Approved and ISO Certified Large Manufacturing Capacities enabling participation in large scale project orders; NABL certification for its in-house test labs
24
Manufacturing footprint largely concentrated in Kolkata
1
Uluberia - Kolkata, (WB)
187K MTPA
(including poles) 55K MTPA
2
3
4
Unit 1 - Kolkata, (WB) 75K MTPA
BCTL - Kolkata (WB) 38K MTPA
Guwahati – Assam 7K MTPA
Engineering products capacity
Polymer Pipes & Fittings products capacity
Investor Presentation | Feb 2025
Note: Data is as of 9M FY25 unless otherwise specified (1) Awarded in 2016, 2017, 2018 (2) Awarded in 2016
Manufacturing Value Chain
Our Value Chain
Steel Billets & blooms as input
Wire Rod as Input
Scale & Size
Strategic location
Manufacture MS & HT Angles
Manufacture Bolts & Nuts
Manufacture D-shackles & Hangars
Backward integration
Fabricate & Galvanize Complete Towers
EPC Line Construction
Competitive Advantage for Skipper!
Investor Presentation | Feb 2025
25
Powering growth through R&D
Leading through innovation
• We have strengthened our innovation capabilities backed by our
talented designing and R&D teams.
• In-house research & development Centre - Howrah, West Bengal
• DSIR approved facility
• We are assuring our clients by conducting prototype tests in our
state-of-art test centers.
Tested towers & monopoles
765 kV D/C Tower
500 kV D/C Tower
220 kV D/C Tower
765 kV S/C Monopole
400 kV D/C Monopole
Our USP in R&D
Capability to test highest tower of 120m height with
1200kV in India
Optimum efficiency designs Dedicated in-house R&D center Automated central loading and supervision system Dual-speed VFD Driven Electrical Winches
Investor Presentation | Feb 2025
26 26
Strong Global presence
Exporting to
50+
countries
19.37% FY24 Export contribution to Revenue
Export Sales (Rs Mn)
7,230
6,356
3,995
4,110
FY22
FY23
FY24 H1FY25
26.14% FY22-FY24 Export Revenue CAGR
6,860.63 mn Share of Exports in 9M FY25 Orderbook (Rs mn)
We are focused on scaling our exports
Africa 18
South America 9
Middle East 7
South and SE Asia 9
North America 3
Oceania 2
Europe 6
China+1 strategy presents a significant opportunity for India as the preferred
In-house design capabilities and skilled professionals to deliver value-added
sourcing location
and cost effective design solutions, enhancing project bids.
One of the suppliers to South America transmission market, exclusive
Strong working relationship with major Global EPC players
agreement with a major TSO(1) signed in 2014
Enhanced credibility through certification of prominent international
Improved brand positioning in the export market due to our establishment
organizations and Countries
of an R&D centre and Tower Testing Station
Investor Presentation | Feb 2025
Note: 1. TSO – Transmission service operator
27
Oceania
Industry Overview
Power T&D Lines a Multi Decadal Opportunity
Addition of 7.4 mn of transmission lines globally till CY50
Global grid investment to nearly double in next 5 years
Asia pacific and North America continue to hold lion’s share with 70% of total investments
12.7
3,053
Region wise split of CY24-29 investment (USD 3,053 bn)
h t g n e
l
d e
l l
a t s n
I
)
m k n m
(
7.2
5.3
n b D S U
1,644
2021
2030
2050
CY19-23
CY24-29
4% 2%
5%
4%
30%
39%
16%
India North America Europe Asia Pacific Latin America Middle East Africa
Growth Drivers
Global
India
Integration of Renewable Energy Sources Grid Modernization and Upgrades Electrification Initiatives in Emerging Economies Cross-Border and Regional Interconnections Sustainability and Decarbonization Goals
Demand for advanced technologies like HVDC and
smart grids
Renewables energy resources integration Increasing electricity demand and rural electrification Key Government regulations in India such as NEP, The National Grid Plan, GEC, NIP, PLI Scheme, Gati Shakti
Investor Presentation | Nov 2024
Source – CareEdge report
29
Power T&D super-cycle underway in India
Rs 9.2 tn
NEP Capex outlay during FY22–32 on High Voltage
(> 220kV)
The GOI (combined NEP + State) to add 1.15 lakh ckm of lines in the period FY22-27 and 0.77 lakh ckm of
lines during FY27-32
Additionally, 33 GW of HVDC Bipole links are in the process of planning The interregional transmission capacity to increase to 168 GW by 2032 from present 119 GW Transmission network to increase by 33% to 6.48 lakh ckm in FY32 from 4.85 lakh ckm in 2024; 87% increase in
transformation capacity to 2,342GVA from 1,251GVA.
RE addition spurring new cycle of T&D capex
PGCIL continues to dominate transmission capex
765 kV line expected grow at 13% CAGR till FY32
1,000
)
800 W 600 G ( y t 400 i c a p a 200 C
-
400
7 157
236
442
8
191
243
900
20
596
610
13
337
2,075
n B s R
Capex to double in the next 2 years
250
260
284
94
112
FY22
FY24
FY27E
FY32E
Nuclear Capacity
Renew Capacity
Thermal Capacity
FY22
FY24
FY26E
FY25-32E
4.56
0.10 0.51
1.94
0.09
4.85
0.10
0.55
2.04
0.09
0.09
5.71
0.10
0.88
2.29
6.48
0.35
1.15
2.50
1.92
2.07
2.36
2.49
m k c h k a L
0
FY22
FY24
FY27E
FY32E
800 KV HVDC
500 KV HVDC
765 KV
400 KV
220 KV
Transmission opportunity of INR 9.2 trillion to further increase with additional capex in <220 kV lines by STUs/ SERC.
Investor Presentation | Nov 2024
Source – CareEdge report Note: STU- State Transmission Utilities, SERC – State Electricity Regulatory Commission, GVA - Gigavolt-amperes
30
Importance of New Transmission lines for Renewables
New transmission lines are a crucial part of our renewable energy future – They ensure reliable, efficient and widespread renewable power supply
Resource Location
Energy Reliability
Grid Integration
Capacity Expansion
Many renewable sources are in
Renewables can be intermittent
Existing grid infrastructure
remote areas
Transmission lines bridge the
gaps to where energy is needed
due to weather
New line help balance supply
and demand
needs upgrading Transmission lines aid
renewable energy distribution
energy flow
Transitioning to renewables
strains existing lines
New lines are vital for increased
Energy Loss Reduction
Decentralization
Grid Resilience
Modern lines are more
efficient
Reducing losses makes
renewables cost effective
Lines enables bidirectional
power flows
Rooftop solar and local sources need support
Transmission upgrades
enhances grid resilience
Make utilities better
prepared for extreme events
Investor Presentation | Feb 2025
31
Strong tailwinds in Telecom and Railway sector
Telecom sector in India - 2nd largest Telecom market in the world
Growth Drivers for Telecom sector
2nd largest Telecom market in the world with a subscriber base of ~1.18 bn Internet penetration up 75% as of CY24 (CY20 -54%) , to reach 86% by CY28 India’s 5G subscriber base to rise to 25% of overall users as against ~20% at present
Rollout of 5G to dominate demand for telecom towers
Telecom Towers investments leading to higher EPC opportunities
s t i n u 0 0 0
‘
837
582
1,218
n b s R
864
327
537
1,479
544
935
CY19
CY24E
CY29E
India Telecom Towers Volume
CY19-23
CY24-29
Tubular Telecom Tower Angular Telecom Tower
Railway sector trends and drivers
Rapid 5G Expansion
Surge in data consumption
Digital transformation across sectors
Rise of IoT and Industrial Applications
Increasing Rural connectivity
Currently, over 85% of the broad-gauge network has been electrified, totaling over 69,000 kms, with a goal to achieve 100% electrification by 2025 GOI plans to invest over Rs 10 tn from FY25 to FY30, focusing on further electrification, digitalization, and high-speed rail expansions With a Capex of Rs. 2,622 bn and a Gross Budgetary Support of Rs. 2,522 bn, the GOI is transforming Indian Railways into a world-class network GOI schemes such as PM Gati Shakti, Dedicated Freight Corridor, Amrit Bharat, High Speed Rail Corridors are transforming the Indian railway sector
Investor Presentation | Nov 2024
Source – CareEdge report
32
Polymer sector outlook
In India’ CPVC pipes market grow > 2x by CY29rivers
Key Growth Drivers Drivers
799
251
548
480
118
362
Government Infrastructure Initiatives
•
•
•
Jal Jeevan Mission to provide tap water connections to all rural households by 2024
AMRUT for sustainable urban development
Housing for All
• Nal se Jal
•
Swachh Bharat Mission
Urbanisation project -smart cities and urban renewal projects
Shift from Metal to Polymer Pipes across sectors
i.e agriculture, residential plumbing, sewage systems, and industrial applications.
Increasing focus on micro irrigation efficiency and improving
CY24E
CY29E
agricultural productivity
UPVC Pipes
CPVC Pipes
Rising awareness and adoption of water conservation
practices
) n B s R (
348
74
274
CY19
The polymer pipes experienced significant growth in last decade lead by shift from Metal to Polymer Pipes
Investor Presentation | Nov 2024
Source – CareEdge report
33
ESG, Awards & Recognition
Environmental, Social and Governance (ESG)
Installed 90 KLD capacity STP to promote water conservation and explore opportunities for reusing of treated
sewage water. Specially designed engineered bacteria have been used for treatment of generated sewage
Encapsulated GI process with integrated APCD arrangement
Process Effluent Treatment facility (ETP unit Integrated with MBBR, Clarifier & Tertiary treatment Facilities) in
January 2022
100s of Tree Plantation Initiatives at Skipper
Installed clean Fuel for Furnace Operation-FO replaced with LPG in Jangalpur
Set up RO water from STP treated water(20 KLD) for GI operation
Daylight harvesting with rooftop sheets, to enhance the Lux levels at our working area
Investor Presentation | Feb 2025
35
Social and Environment Initiatives (1/2)
Skipper cares Our company's journey towards contributing to society began long ago, and we have always believed that it's an integral part of our ecosystem. To ensure that our efforts are focused and effective, we have developed a CSR Framework in line with Schedule VII of the Companies Act, 2013. A dedicated CSR committee oversees the implementation of these initiatives and monitors their progress.
Beti Padhao abhiyaan – Flagship Project In 2017, we launched the Beti Padhao Abhiyan, inspired by the government's Beti Bachao, Beti Padhao Yojana. It has now become a flagship project. We annually select underprivileged girls from schools in Kolkata & Howrah and provide them scholarships based on their individual needs.
Investor Presentation | Feb 2025
Infrastructure support to schools We annually assist in school infrastructure development, including building maintenance, providing furniture for students and teachers, supporting electricity bill payments, hiring guest teachers, ensuring clean drinking water, and providing food for hostel children.
Environment sustainability The project includes supporting the maintenance of two cremation ghats in Kolkata to prevent water and air pollution. Additionally, the Company has adopted a Traffic Theme Park in Nibra, Howrah, covering an area of 1,224 sqmt., and is responsible for its overall maintenance.
Animal welfare The Company has partnered with the Calcutta Pinjrapole Society to provide care, maintenance, and food for old, sick, and abandoned cows. This includes the construction and upkeep of cow shelters and clinics.
Integrated village development One Teacher School (OTS) Ekal on Wheel Arogyam Homeopathy clinic Training centres
36
Social and Environment Initiatives (2/2)
Investor Presentation | Feb 2025
37
Skipper Pipes – 100% Lead Free Campaign
• Awarded the Green Pro Certification by CII-IGBC
(Indian Green Building Council).
Skipper Pipes have been certified with highest standard of NSF 14.
Investor Presentation | Feb 2025
38
Recognition
Recognized Great place to work 3 years consecutively
AWARD: THE LARGEST TOWER SUPPLIER FOR 3rd CONSECUTIVE YEAR GIVEN BY: POWER GRID CORPORATION OF INDIA LTD. (PGCIL) Year – 2016,17,18
AWARD: EMERGING POWER EPC PLAYER GIVEN BY: EPC WORLD Year - 2016
AWARD: GLOBAL HR EXCELLENCE GIVEN BY: WORLD HRD CONGRESS Year - 2017
AWARD: NO. 1 EMERGING BRAND IN POLYMER PIPES & FITTINGS GIVEN BY: WCRC Year - 2016
AWARD: TOP 10 TOWERS AND POLES MANUFACTURER GIVEN BY:INDUSTRY OUTLOOK Year - 2023
AWARD: STAR PERFORMER AWARD FOR THE YEAR 2015-16 GIVEN BY: EEPC INDIA
AWARD: THE BEST POLYMER BRAND GIVEN BY: CONSTRICTION TIMES Year - 2017
AWARD: EMERGING EPC PLAYER GIVEN BY: POWERGRID Year - 2024
39
Investor Presentation | Feb 2025
D I S C L A I M E R
This presentation (“Presentation”) does not constitute a prospectus, a statement in lieu of a prospectus, an offering circular, an advertisement, an offer document or an offering memorandum, under the Companies Act, 2013, the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, each as amended, or any other applicable law. This presentation is for informational purposes only and is not a solicitation of any bid from any investor. Nothing in this presentation, or any oral information provided in connection with it, shall constitute or deem to constitute an offer or invitation to purchase or subscribe for any securities in any jurisdiction. This presentation has not been and will not be reviewed or approved by any statutory or regulatory authority in India or by any stock exchange in India.
This presentation should not be considered as a recommendation that any investor should subscribe for or purchase any securities of Skipper Limited (the “Company”) and should not be used as a basis for any investment decision. The Company will not update you in the event the information in the presentation becomes stale. Moreover, no express or implied representation or warranty is made as to, and no reliance should be placed on the accuracy, fairness or completeness of the information presented or contained in this presentation.
None of the Company or any of its affiliates, advisers or representatives accept any liability whatsoever for any loss howsoever arising from any information presented or contained in this presentation. Furthermore, no person is authorized to give any information or make any representation which is not contained in, or is inconsistent with, this presentation. Any such extraneous or inconsistent information or representation, if given or made, should not be relied upon as having been authorized by or on behalf of the Company.
This presentation is highly confidential, being given solely for your information and for your use, and may not be copied, reproduced, or redistributed to any other person in any manner. The distribution of this presentation in certain jurisdictions may be restricted by law. Accordingly, any persons in possession of this presentation should inform themselves about and observe any such restrictions.
This presentation contains certain statements of future expectations and other forward-looking statements, including those relating to the Company's general business plans and strategy, its future financial condition and growth prospects, and future developments in its sectors and its competitive and regulatory environment. In addition to statements which are forward looking by reason of context, the words ‘may’, ‘will’, ‘should’, ‘expects’, ‘plans’, ‘intends’, ‘anticipates’, ‘believes’, ‘estimates’, ‘predicts’, ‘potential’ or ‘continue’ and similar expressions identify forward looking statements. All forward-looking statements are subject to risks, uncertainties and assumptions that could cause actual results, performances or events to differ materially from the results contemplated by the relevant forward-looking statement. The factors which may affect the results contemplated by the forward-looking statements could include, among others, future changes or developments in (i) the Company’s business, (ii) the Company’s regulatory and competitive environment, and (iii) political, economic, legal and social conditions in India or the jurisdictions in which our Company operates. Neither the Company nor its affiliates or advisors or representatives nor any of its or their parent or subsidiary undertakings or any such person's officers or employees guarantees that the assumptions underlying such forward-looking statements are free from errors nor does either accept any responsibility for the future accuracy of the forward-looking statements contained in this presentation or the actual occurrence of the forecasted developments. Forward-looking statements speak only as of the date of this presentation and are not guarantees of future performance. As a result, the Company expressly disclaims any obligation or undertaking to release any update or revisions to any forward-looking statements in this presentation as a result of any change in expectations or any change in events, conditions, assumptions or circumstances on which these forward-looking statements are based. This presentation includes certain industry data and projections that have been obtained from industry publications and surveys. Further, certain numbers in these presentations and materials have been subject to routine rounding off and accordingly figures shown as total in tables and diagrams may not be an arithmetic aggregation of the figures that precede them.
By attending this presentation and/ or accepting a copy of this document, you agree to be bound by the foregoing limitations and conditions and, in particular, will be taken to have represented, warranted and undertaken that: (i) you have read and agree to comply with the contents of this notice including, without limitation, the obligation to keep this document and its contents confidential; (ii) you will not at any time have any discussion, correspondence or contact concerning the information in this document with any of the directors or employees of the Company nor with any of their customers or suppliers, or any governmental or regulatory body without the prior written consent of the Company; and (iii) you agree not to remove or copy this document, or any materials provided in connection herewith.
Investor Presentation | Feb 2025
40