Vardhman Special Steels Limited has informed the Exchange regarding Investor Presentation on financial results of the Company for the quarter ended 30th June, 2019.
Q I Vardhmén
Vardhmin
Delivering Excellence. Since I965.
I
VARDHMAN SPECIAL STEELS LIMITED
CHANDIGARH ROAD
LUDHIANA-I4IOI0, PUNJAB
T: +9I-I6I-2228943-48
F: +9I-I6l-260IO48. 22226l6. 260|040
E: secretarial.|ud@vardhman.com
Ref. VSSL:SCY:AUG:2019-2o
DATED: 13:1fi1g1EIL9
The Deputy General Manager, Corporate Relationship Deptt, Bombay Stock Exchange Limited, 15" Floor, New Trading Ring, Rotunda Building, P.J Towers, Dalal Street,Fort, MUMBAl-AOOOL Scrip Code: 534392
The National Stock Exchange of India Ltd, “Exchange Plaza, Bandra—Kurla Complex, Ban'dra (East), MUMBAI-4oo 051
Scrip Code: VSSL
DISCLOSURE REQUIRMENTS) REGULATIONS 2015.
Dear Sir,
Pursuant to the provisions of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirement) Regulations, 2015, please find enclosed herewith Investor Presentation on financial results of the Company for the quarter ended 3.0th June, 2019.
Kindly note and display the notice on your notice board for the information of the members of your exchange and general public.
Thanking you,
Yours faithfully, For VARDHMAN SPECIAL STEELS LIMITED
1
(s Mam
Company Secretary »
YARNS
I
FABRICS
l
THREADS
l GARMENTS
l
FIBRES
I
STEELS
PAN NO.:AADCV48IZB ClN: L27|00PBZO|OPLC033930
WWW.VARDHMANSTEEL.COM
Q VABDHMAN SPECIAL STEELS LTD.
A CWHHTMEN' TIII CL'L T'v‘
Vardhman Special Steels Limited
Result Update Presentation Q1 FY20
D I SC I a I m e r
0-9-0
Q VARDHMAN SPECIAL STEELS LTD. v Acomwrmqumw
This presentation has been prepared by Vardhman Special Steels Limited (the ”Company”) solely for information purposes and does 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 what so ever. 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 offuture 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.
Q VARDHMAN SPECIAL STEELS LTD.'
ACQMi/HTi/iENTTnQUAJTV
6
Ta b I e Of CO nte nt 5
0-9-0
. Financial Highlights
. Company Overview
. Business Overview . Way Ahead
M a n age m e nt 5 M essage
I
0-6-0
Q VARDHMAN SPECIAL STEELS LTD. “7 ; :cmwmaflocua. w
Commenting on the results Mr. $achit Jain, Vice Chairman and Managing Director
said —
”During the quarter, we have registered a revenue of Rs. 240.78 crores, with EBITDA this is mainly on account of and PAT of Rs. 16.04 and Rs. 1.14 crore respectively, overall slowdown in the auto industry which is witnessing a major change in terms of latest technology, adoption of BS-Vl norms, higher insurance costs, new and better safety norms this combined with slow demand for vehicles by the consumers. This has affected many companies in the value chain as well with declining revenues and lower PA'lT Such occasions, while posing challenges also provides an opportunity to review what we are doing and to find ways of becoming more efficient and cost- effective.
I am very happy to share that the Board of Directors has approved the proposal towards investment by Aichi Steel Corporation (ASC) which will further help us enter newer avenues in the automotive steel space by adopting latest technology to manufacture special alloy steels.
Overall, we remain committed to our set agenda of delivering consistent, profitable volume led growth. I thank all the stakeholders of ’Vardhman Special Steels Limited’ for their continued support and faith in our Company”
Rece nt DeveloP me nts
0-9--
Q VARDHMAN SPECIAL STEELS LTD. V i CClAlAlTl/lEN' T"‘ CW , Tl
....................................................................................................................................................................
.....
0 Towards end of June 2019, initiated process of shut down of steel melting shop (SMS) in order to upgrade and modernize 5M5 facilities as per planned strategy and to meet future goals
0 Subject to necessary approval, Board of Directors has approved issuance of 46,29,629 fully paid equity shares of Rs. 10/- at a price of Rs. 108/- per share on preferential basis to Aichi incorporated in Japan, aggregating up to Rs. 49,99,99,932/-, Steel Corporation (ASC), resulting to 11.46% equity stake in VSSL (at Rs 108 per share) and execution of technical assistance agreement
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Financial Highlights - Quarterly
m
97 VARDHMANSPECIALSTEELSLTD.
ACOMMlTMENT T0 QUALITY
Sales Volumes (tonnes)
Revenue from Operations (Rs. Crore)
41,586
42,469
43,258
295.49
31252
269.50
243.25
240.78
I I I
Q2 FY19
Q1 FY19
Q3 FY19
34363
Q4 FY19
3'7,581
Q1 FY20
EBITDA (Rs. Crore)#
22.38
19.62
Q1 FY19
15-55
I
Q2 FY19
11.17
Q3 FY19
Q4 FY19
16.04
I
Q1 FY20
* Includes sale of raw material, billets and traded goods ; #EBITDA is including Other Income
I
Q2 FY19*
Q3 FY19*
Q4 FY19*
Q1 FY20*
PAT (Rs. Crore)
7.07
6.21
Q1 FY19
9.08
Q1 FY19
Q2 FY19
Q3 FY19
1.14
-0.15 - Q1 FY20 Q4 FY19
Financial Highlights — Ql FY20
O-e-O
Income from Operations
Excise Duty
Revenue From Operations*
Other Income
Total Income
Cost of Materials Consumed
Purchases of Stocks
Changes In Inventory
Raw Material Expenses
Employee Expenses
Power & Fuel
Other Expenses
Total Expenditure
EBITDA
Depreciation
Interest / Finance Cost
PBT
Tax
PAT
Basic EPS in Rs.
240.78
0.00
240.78
0.66
241.44
121.32
4.11
22.22
147.64
12.06
28.26
37.43
225.40
16.04
6.11
8.11
1.81
0.67
1.14
0.32
* Includes sale of raw material, billets and traded goods
269.50
0.00
269.50
1.78
271.28
169.83
0.00
(13.64)
156.19
12.73
33.31
49.43
251.66
19.62
5.66
4.88
9.08
0.00
9.08
2.54
(10.66%)
(11.00%)
(18.27%)
(87.47%)
243.25
0.00
243.25
0.54
243.79
210.62
3.12
(73.10)
140.64
12.49
31.84
47.65
232.62
11.17
6.08
6.60
(1.51)
(1.36)
(0.15)
(0.04)
Q VARDHMAN SPECIAL STEELS LTD. v i CClAMlTMEN' T") (JUL Tl
II IIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIII I.
.I
,¢
I
5.
.0
III-I“
- Decrease
in
revenue
of
on
account
mainly decline in sales volume by around 4,000 tonnes and decline in prices from 1St April 2019
s
O
I
I I I
I
I
I
I
- Decline
in
EBITDA
on
account of decrease
in
sales volume & decrease in
sales price from lst April lower leading to realizations
- PAT declined mainly on:
account of
increase
in
interest cost of loans taken
to build
inventory
for
planned shutdown of steel melting shop
“In-III.0
Financial Highlights — FY19 vs FY18
._e_.
e7 VARDHMANSPECMLSTEELSLTQ
A GCMMiTh‘iEN'TO CUA. Tl
6.25%
Volume (tonnes) 1,61,676 tonnes
30.48% Revenue from Operations* Rs. 1,120.76 crore
2.47%
EBITDA#
Rs. 69.71 crore
° Higher sales volumes, better realizations and sale of outsourced goods and raw materials resulting in
increasing revenue
° Decline in PAT on account of increase in depreciation and higher interest cost
* Includes sale of raw material and traded goods; #EBITDA is including Other Income
Fina nCia I Highlights - An n ua I
0-9-0
Q VARDHMAN SPECIAL STEELS LTD. ‘7 ACOMMlTMENTTn QUALITY
Sales Volumes (tonnes)
1,52,162
1.61.676
1,15,401
1,21,451
1'31'636
I I
-
FY16
FY15
-
-
-
-
-
FY17
FY18
FY19
I
I
I
I
I
: :
I
: : :
I
I
I
I
I
I
: : : l
Revenue from Operations (Rs. Crore)
1,120.76
858.96
656.34
652.74
673.81
I I
I
FY16
FY17
I
I
FY15
I
I
I
FY18
FY19*
_________________________________________________________F_________________________________________________________.
EBITDA (Rs. Crore)#
65.49
68.03
69-71
44.26
18.97
I
I
I
I
I
I
FY15
FY16
FY17
FY18
FY19
* Includes sale of raw material and traded goods ; #EBITDA is including Other Income
I
: : E : :
I
I
I
: E : E : : !
PAT (Rs. Crore)
25.03
22-21
19-15
4.22
.
. - .
.
.
.
FY16
FY17
FY18
FY19
-15.12
10
Reven ue B rea k u p — sector Wise
._e_.
“Q7 VARDHMAN SPECIAL STEELS LTD.
ACOMMlTMENT TU QUALITV
l—l—
Two Wheelers, 32%
Commercial Vehicles, 16%
Two Wheelers, 32%
Commercial
Vehicles 20%I
Engg. & Off. Highway, 14%
Bearings, 4%
Engg. & Off. Highway, 10%
Passenger Vehicles, 34%
Passenger Vehicles, 38%
Bearings, 0%
Fina nCia I Highlights — FY19
.—e—.
1,120.76*
0.00
1,120.76
1.87
1,122.63
799.27
34.88
(162.43)
671.72
51.30
132.35
197.55
1,052.92
69.71
23.92
23.65
22.14
(0.07)
22.21
6.22
877.89
18.93
858.96
6.10
865.06
488.90
0.00
(19.22)
469.68
46.73
127.81
152.81
797.03
68.03
21.51
21.43
25.09
0.06
25.03
7.91
Income from Operations Excise Duty
Revenue From Operations Other Income
Total Income
Cost of Materials Consumed
Purchases of Stocks
Changes In Inventory Raw Material Expenses Employee Expenses Power & Fuel
Other Expenses Total Expenditure EBITDA
Depreciation
Interest/ Finance Cost
PBT
Tax
PAT
Basic EPS in Rs.
* Includes sale of raw material and traded goods
Q VARDHMAN SPECIAL STEELS LTD.i
AcoMMITMENTm QUAJTV
6
29.77%
2.47%
(11.27%) (21.37%)
12
Balance Sheet as on 315t March 2019
0-9-0
Q VABDHMANSPECIALSTEELSLTD. ‘7
Ell'incuui
Equity*
Equity Share Capital Other Equity Non-current liabilities
Financial Liabilities
(a) Borrowing
(b) Other Financial liabilities
Other No-n Current Liabilities
Current llabllltles
Financial Liabilities
Borrowings Due to .Micro, Small 8‘ Medium Enterprises
Other Trade Payables
Other Financial Liabilities
Provisions
Other Current Liabilities
Total Equities & Liabilities
361.99
3576
326.23
136.53
135.13
0414
0425
390.81
339.32
3570
303.62
102.33
10146
0‘00
0.02
235.00
18681
11850
3437
160.13
3689
0-53
3‘08
889.33
0400
60.61
5225
0-52
3402
Non-Current Assets
Property Plant & Equipment Capital work in progress Other intangible assets Financial Assets
Long Term Loans Deferred Tax Assets (Net)
343.51
279.53
32.57
0‘30
0‘59
1423
288.56
249.27
6.99
0429
1442
9.73
er
on— urren
sse s
.
.
Current Assets
Inventories
Financial assets
Investments
Trade receivables
Cash & Cash equivalents Loans
Other financial assets
Current tax assets
Other Current Assets
676.65
Total Assets
545.82
313422
0.01
187.26
0.28
1403
7.78
0.00
36.24
889.33
388.09
158.60
816
194.55
7.49
1402
5.92
0.36
11.99
676.65
* During FY18 Company raised Rs. 68 cr. through Rights Issue and Rs. 50 cr. through QIP (subscribed by DSP Blackrock MF and Sundaram MF)
13
Amongst India’s Leading Steel Bar Producers for Automotive Applications
I
Incorporated in May 2010
I Headquartered in Ludhiana, Punjab I Caters to sectors such as Engineering,
Automotive, Tractor, Bearing and Allied Industries
Specialized Product offerings — o --------------------- I Steel Bars and Rods and Bright Bars of various categories of Special & Alloy Steels
200+ Reputed and long term customers
I Toyota, Hero Moto Corp, Caterpillar,
Hino Motors, Maruti, Bajaj and Hyundai, among others
About Us
0-6-0
Eé)
VABDHMAN SPECIAL STEELS LTD. A CCMMITMEII' T0 CUA. W
State-of- art manufacturing facilities
I Cutting—edge manufacturing
technology
"""""" ‘
I Manufacturing Capacity
> Billets — 2,00,000 MTPA > Rolled Bars — 1,80,000
MTPA
Strong Domestic & International Customer Base for forging applications I Thailand, Taiwan, Turkey, Russia, Germany and
Spain
Experienced Management Team I Significant experience in Steel Industry I Long term vision and proven ability to achieve long term goals for Company
. ________
"""""""" ’ Quality Standards, Assurance &
Certifications
I
ISO 140012004; OHSAS 180012007; ISO 9001:2008; ISO/TS 169492009
Journey So Far
0-6-0
Q VARDHMAN SPECIAL STEELS LTD. v Hitll‘l'll‘i lufli‘LlJi
What We were...
1973 — Started as Oswal
Steels — 50,000 TPA capacity of special & alloy steels
1986 — Acquired Mohta Alloys with capacity of 1,00,000 TPA 1995 — Installed modern
Steel Melting Shop with Electromagnetic Stirrer 2000 — Commissioned
Vacuum Degassing System 2001 — Strengthened product portfolio — added Bright Bar Facility 2010 - Independent identity under Vardhman Group
2012 - Listed on BSE &
NSE
2013—Installed fully automatic rolling mill with capacity of 1,50,000 TPA & Magnaflux leakage testing system (Dr. Foerster Germany), and Ultrasonic Testing from (Olympus, Canada)
April 2017 — Rights Issue of Rs 67.85 Cr. Oct. 2017 — Purchased ~8 acres of
adjoining land for Rs. 36 Cr. Feb. 2018 — QIP of Rs 50 Cr. June 2018 — CRISIL upgraded credit rating
I August 2018 — Change in Statutory Auditors to M/s B. S. R. & Co. LLP 2019 — Fortified Board of Directors —
one Independent Woman Director and one Additional Director appointed
. 2017 — Till Date
I July 2015 — Installed
Fume Extraction system
I Aug 2015 — Increased
Bright bars capacity to 36,000 TPA & 1,80,000 TPA for Hot Rolled
_
'
Dec 2016 — Upgraded transformer & allied
equipment to reduce melting time & resulting in SMS capacity to 1,65,000 TPA
.
Transforming into one of India’s leading steel bar producers
FY19
:
i
Listed on Stock
Exchange
\x
l
I!
Clear focus on long term Value Creation
0-6-0
65 VARDHMANSPECIALSTEELSLTD. “7 ACOMl/iiTl/IENTTOQUAJTV
Rs. ‘
1 121
,
Crore
1,61,676
Tons
.
2,00,000
TPA
‘
1,80,000
TPA
0.92
Rs.
527 Crore
‘
93
,169
Tons
~
1,00,000
TPA
‘
80,400
TPA
1.28
Revenue
Sales
Volume
Installed
Capacity - Billets
Installed
Capacity - Rolled Products
Debt to
Equity(x)
17
Strong Experienced Board of Directors contd...
0-9-0
Q VARDHMANSPECIALSTEELSLTD. v f- 3:l.ll,‘llTl,‘lEll' TO OUR, Tv’
Mr. Rajeev Gupta Chairman & Independent Director
B. Tech from BHU/IIT, Varanasi and MBA (IIM, Ahmedabad) Rich experience of more than 35 years — One of Country’s topmost Investment Bankers
Ms. Suchita Jain
Non-Executive Director
Master’s degree in Commerce from Punjab University, Chandigarh Over 25 years of rich experience in textile industry Representative of Vardhman Group
Mr. Sachit Jain
Vice Chairman & MD
B. Tech (Electrical) — ”T, New Delhi, MBA (Gold medallist) — IIM, Ahmedabad and Owner/President Management Program — Harvard — Experience of over 29 years in Textile & Steel Chairman of CH, Northern Region
Mr. Rajinder Kumar Jain Non-Executive Director
Chartered Mechanical Engineer from Institute of Mechanical Engineers London Retired as General Manager from Indian Railways after 35years of service
Mr. Sanjoy Bhattacharyya Independent Director
I B.Sc (Statistics Honours) and MBA. from IIM,
Ahmedabad
I More than 21 years of experience in equities & investment management — Among leading stock market Gurus
18
Strong Experienced Board of Directors contd...
Q VARDHMANSPECIALSTEELSLTD. v A CCIAMITMEN" Ti" (JUL Tv’
Mr. B.K. Choudhary Non-Executive Director
I Degree in B.Sc., M.C0m & MBA I Rich experience of more than 44 years in Steel
& Textile industry
I
Mr. Sanjeev Pahwa Independent Director B. Tech from IIT, Delhi —Experience of more than 26 years in bicycle/automobile tyres and tubes industry
I Chairman—cum—MD of Ralson (India) Ltd. — Largest tyre manufacturer in the World
Mr. Rakesh Jain
Independent Director
I Ph.d in Polymers from the University of Akron I Worked in the Advanced Technology Group at GE Electra—materials Division (EMD) in Coshocton, OH,USA & Aditya Birla Group (ABG) as MD of lndo Gulf Fertilizers Ltd
Ms. Shubhra Bhattacharya Independent Director
I Bachelor’s degree in Mathematics and MBA from
Xavier’s Labor Relations Institute
I More than 25 years of experience in Human
Resource Management
Mr. Raghav Chandra Independent Director
BSc (Hons); MSc in Mathematics; Master’s in Public Administration, Harvard University & Various professional career trainings from Cambridge University, SIPA Columbia University, USA, IIM Ahmedabad Additional Secretary & Financial Advisor —various Ministries; Chairman — NHAI; CMD Indian Highway Management Co; Ltd; Principal Secretary— Urban Development, MP; Commissioner and CEO — MP Housing Board; MD— MP SIDC; Chairman SEZ Indore
19
8 n B. U a S S O Aa w. aM
Wide Range of Rolled & Bright Bars Products
0-9-0
A. 33HMlTMEH‘TD cu: _ w
Hot Rolled Bars
Bright Bars
I
Diameter Size : Increased from 25-70
MM in 2012 to 16-120 MM
'
Size : 14.66 to 78 mm (Peeled), 21.35 to 50 mm (Drawn)
21
Axle Gears
‘
Knuckle Spindle
Connecting Rod
I Center VelocityJoint ‘
Differential Gears
Diverse applications of our products
VARDHMAN SPECIAL STEELS LTD.
as A COMMITMENT "l0 QUAJTY
Drive-Shaft
Bearings
Axle Shaft
Steering-Yoke
N|
2
State-of-art Manufacturing facilities
Q VARDHMAN SPECIAL STEELS LTD. v # CCMl/llllfllEFr T0 CUR. W
Annual Capacity : 2,00,000 TPA 30 MT Ultra High Power (UHP) Eccentric Bottom Tapping (EBT Type) Fully automated continuous feeding system for DRI & other raw materials Automatic lance manipulator for oxygen and coke injection Electrode regulation system — Melt Controller
CELOX for active oxygen measurement (Electronite)
Rolling Mill
Annual Capacity : 1,80,000 TPA Rolling Mi|| installed in 2013—14 Mi|| with complete automation 33 TPH ”Walking” Hearth Type Reheating Furnace Reversible 2 high shift able stand with Bar Manipulator 10 Continuous Stands in Horizontal & Vertical
configuration Online Dimensional Measurements
Rack Type Cooling bed designed for better straightness & Hardness levels Abrasive Cutter
.
.
Annual Capacity : 36,000 TPA Bar Peeling & Centreless Grinding
Straightening PeeHng Cold drawing Polishing Centreless grinding Full length bar Magnetic Particle Inspection High Speed Band Saws Circular Saw — Cut to Length Steel
P race 55 F I OW
0-9-0
Q VARDHMAN SPECIAL STEELS LTD. “7 ACOMMlTMENTTnQUAlITV
sponge. om. we mow, Shredded Scrap
»
h
w
L ’
Domestic Shipment
Exports
Final Inspection and Dispatch
Bright Bar Shop
mow ELECYRIC ARC runNAcs
Spherodize Annealing
_ NDT Line
vmum Des-56m: UM!
uaale near-mg unu
Commons CMIIM many
Bum I
Reheat Furnace
Rolling Mill
As Rolled Bar
"Hot Rolled"
24
In - H o u se Stee I M e I ti ng Sh o p
0-6-0
Q VARDHMAN SPECIAL STEELS LTD. ‘7 ACC‘MWTMENTTO QUAJTV
‘
Ladle Refining Furnace
Continuous Casting Machine
Rolling Mill & Bright Bars
._e_.
4i CCMMITMEl-l' TIII (JUL T'l‘
Rolling Mill
Bright Bar Shop
Automatic Line of Bar Inspection - NDT Line
.‘6‘.
63 VARDHMANSPECIALSTEELSLTD.I
ACDNil/HTMENT TU QUAJTY
E
Chamfering Bar ends free from
MFLT
Acceptance Criteria: 0.2x10mm
Straightening Straightness : 2mm/ meter
Shot Blasting
Acceptance Criteria: SDH — 0.8x10mm, FBH — 0.8 & 1.2mm
27
Best in class R&D Facility
0-6-0
ACGMTMEMTU QUAJW
I
I
I
Spectrometer : ARL 4460:1454 for Chemical Analysis. Can check 32 different elements
CS — 230 : Analyzer for Carbon & Sulfur content in steel
LECO gas analyzer — TC 600 Hz, N2, 02 Analyzer
I Mobile Spectra and XRF for Mix up Testing of Bars
I Mechanical and Metallurgical Testing Lab
I
I
Rockwell Hardness Tester
Impact Testing Machine (Material Toughness)
I Metallurgical Microscope with Image Analyzer
I
I
Carl Zeis microscope with maximum magnification of lOOOx
Olympus microscope with maximum magnification of 2000x
I
RADLAB-l GAMMA RAY Spectrometer
I
I
I
For Testing Steel Samples for Radiological Content
Can identify different types of Isotopes present in Steel Sample and show Results in
Bq/gm
Samples Radiological content can be certified with 300 Second scan in RadLab
"We”n
I
XRF Spectrometer - Higher range & All input/ output material can be checked and
chemically analysed
...ensuring highest levels of quality and compliance 28
Strategically located Warehousing Facilities
0-9-0
Q VARDHMANSPECIALSTEELSLTD. 6 A COMMlTMENT Tn QUAJTV
flllllllllllllIllIIllIIlllllllllllllllllllllll:
'
I One Owned Warehouse
I Bilaspur Haryana
I Five Leased Warehouses in
India
I Bangalore
I Chennai
I Rudrapur
I Pune
I
I Aurangabad
I ............................................. J'
I
I
29
Key Strengths
o—e—o
Q VARDHMAN SPECIAL STEELS LTD. W
Hitll‘lil‘i lufii‘LlJv
State of Art Manufacturing Facilities and advanced R&D Capabilities I Well equipped with latest upgraded Technology Machines
Diversified Product offerings I Manufactures diverse range of products with wide applications across sectors I Further expanding product offerings to increase wallet share with existing customers and adding new
clients
Rich Management Experience I Dynamic & rich experience in special steel sector I Diverse team with right mix of operational & technical expertise along with dedicated and skilled
employee base
Quality Standards & Assurance I Adherence to quality standards across all stages of manufacturing I Checked for dimensional accuracy & temper at every stage I Well equipped modern testing facilities to check for physical, mechanical & chemical properties
o
0
0
W
Brand Image I Continuous brand building exercise by providing excellent services to satisfy our
0
customers
200+ Reputed & Long term customers....
Q VARDHMAN SPECIAL STEELS LTD. v # CCMMiTMEiI’ T0 CUR. W
Ca rs
Two Wheelers
%
I@g 7“fill/E. minim}:
@VAMAHA
W
iTi
TATA
@
ASHDK LEYLAND
RENAULT
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smaRaJ
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mazna a V
A
DAIMLER
Auto Components
Tractors
Off Highway Vehicles
« oerIIKon
GKN Automotive
JOHNDEERE
AGRICULTURE
23 MERITOR
TAFE é
BATEBPILLAB “
mahindra
INTERNATIONAL
31
Across Globe with Customer Base
Q vmnmmspscmsmmsuo. V A COMMITMENT Tn QLlAllTV
m," ,Taiwan
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32
Investing in Our Real Assets
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5’ Vardhman Leadership Development Program Park Plaza, Ludhiana -"'16 to 20January2019
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5' - CCL - US based Organisation — offers leadershIp programs across 160 countries, FT top10 In executIve educatIon WIth
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500K alumni over 50 years
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I TraInIng programs —
functional attitudinal skill
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I Customized leadership training
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for 12 senior management
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I Specialized & customized
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I New Initiative undertaken
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Formalized training programs that focus on technical
knowledge, enhance skill sets and productive efficiencies of personnel
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Way Ahead
Q VARDHMAN SPECIAL STEELS LTD. v i CClAMlTl/lEll' Tl" (JUL Ti’
Capacity Expansion
I Increase melting capacity to 2,40,000 TPA and Rolling Capacity to
2,20,000 TPA by FY21- expected capex of approx. Rs. 200 Cr.
I Target of achieving full capacity utilization soon after completing capex
Joint Venture & Technical Alliance
I In down stream value added products
I Build strong technical alliance with global player
I Explore value added products like high alloy steel through ingot
casting route over time
De-risking Business
I Explore avenues — increase high margin products, enter
into new geographies, change in customer mix and expand into new industry applications
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(0) VARDHMAN SPECIAL STEELS LTD. 6
A COM MlTM ENT T0 QUA . W
SSE
534392
.NSE VSSL
Bloomberg VSSLIN
REUTERSéB VARM.BO
For further information, please contact:
Company :
Investor Relations Advisors :
Vardhman Special Steels Limited ClN:L27100PBZOlOPLC033930
Bridge Investor Relations Pvt. Ltd. CIN: U74900MH2016PTC273679
Mr. Sanjeev Singla sanieevsingla@vardhman.com
www.vardhmansteel.com
Mr. Amit Sharma
amit@bridge-ir.com 022 26873003
Mr. Smit Shah
smit@bridge-ir.com 022 26873003
www.bridge-ir.com
36