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GMM Pfaudler Earnings Presentation Q1 FY27 INTEGRATED . ALIGNED . GLOBAL . in www.gmmpfaudler.com
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Disclaimer 2 This presentation has been prepared by GMM Pfaudler Limited (the “Company”) and forms a part of its intellectual property which is solely for the purposes of your general information and shall not be taken away, distributed, reproduced, or redistributed or passed on, directly or indirectly, to any other person or entity (whether within or outside your organization or firm) or published or disseminated in whole or in part, for any purpose by recipients directly or indirectly to any other person or entity . By accessing this presentation, you are agreeing to be bound by the trailing restrictions and to maintain absolute confidentiality regarding the information disclosed in these materials . The Company may alter, modify, or otherwise change in any manner the contents of this presentation, without obligation to notify any persons of such change or changes . You agree and understand that certain contents of this presentation are only indicative and not absolute, and the Company is not bound by them . For example, this presentation may contain certain forward - looking statements within the meaning of applicable securities law and regulations . These statements include descriptions regarding the intent, belief or current expectations of the Company or its directors and officers with respect to the results of operations and financial condition of the Company . Such forward - looking statements are not guarantees of future performance and involve risks and uncertainties, and actual results may differ from those in such forward - looking statements as a result of various factors and assumptions which the Company believes to be reasonable in light of its operating experience in recent years . Many factors could cause the actual results, performances, or achievements of the Company to be materially different from any future results, performances, or achievements . Significant factors that could make a difference to the Company’s operations include domestic and international economic conditions, changes in government regulations, tax regime and other statutes . The Company does not undertake to revise any forward - looking statement that may be made from time to time by or on behalf of the Company . This presentation may contain certain supplemental measures of performance and liquidity that are not required by or presented in accordance with Indian GAAP, and should not be considered an alternative to profit, operating revenue or any other performance measures derived in accordance with Indian GAAP or an alternative to cash flow from operations as a measure of our liquidity . 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Q1 Financial Update 3
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Consolidated Financial Snapshot – Q1 FY27 ₹2,289 Cr₹925 Cr YoY 16% Revenue EBITDA PAT EPS 10.1% Margin ₹94 Cr YoY 7% ₹22.1 Cr YoY 118% ₹5.32 YoY 114% 4 2.4% Margin Order Intake Backlog ₹1,007 Cr ₹2,289 Cr 16% QoQ 4% QoQ
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10 38 15 22 Q1 FY26 Q2 FY26 ¹ Q3 FY26 ¹ Q4 FY26 Q1 FY27 - 11 2.48 8.86 3.82 5.32 Q1 FY26 Q2 FY26 ¹ Q3 FY26 ¹ Q4 FY26 Q1 FY27 - 2.30 101 122 105 75 94 Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 795 902 883 944 925 Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 Consolidated Financial Performance – Quarterly Trend 16% Revenue Profit After Tax 3.6% EBITDA 12.7% 8.0% 11.9% - 7% EPS 10.1% 13.5% Figures in ₹ crores 2.4%4.2%1.3% ¹ FY 26 restated for Semco and GMM Inox Poland PPA . 1.6% -1.3% YoY% 5 118% 114%
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770 626 756 861 882 762 798 660 1004 * 878 961 871 1007 2,013 1,705 1,625 1,689 1,777 1,773 1,740 1,636 1,906 2,146 2,205 2,194 2,289 - 200 400 600 800 1,000 1,200 1,400 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Order Intake & Backlog Trends 6 FY24 3,014 FY25 3,102 FY26 3,714 16% Figures in ₹ croresQoQ% Order Intake Backlog 4 % *Q1 FY26 order intake includes a large order of NR 355 Cr
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46% 23% 31% Q1 FY27 Total OI: INR 1,007 Cr 36% 21% 43% FY26 Total OI: INR 3,714 Cr 35% 23% 42% FY25 Total OI: INR 3,102 Cr 40% 27% 33% Diversification Strategy Gaining Momentum 7 FY24 Total OI: INR 3,014 Cr >> >> >> • Share of non - traditional industries continue to increase thereby strengthening our diversification • Q1FY27 saw major orders being won in mining and petrochemical industries • Pipeline for non - traditional industries remains strong and growing Traditional Industries - Pharmaceuticals Chemicals Non - Traditional Industries - Oil & Gas, Petrochemical, Defense, Nuclear etc.
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Key Highlights 8 Consolidated Highlights • Revenue up 16% YoY and down 2% QoQ • EBITDA down 7% YoY and up 25% QoQ • PAT up 118% YoY and 44% QoQ • Order Intake of ₹ 1,007 Crores up 16% QoQ • Backlog of ₹ 2,289 Crores up 20% YoY and 4% QoQ Corporate Highlights • Reorganization of our businesses into four distinct global divisions to drive growth , diversification and cost efficiencies • Repayment of approx . EUR 7 million of debt by the end of Q 2 FY 27 , funded through internal accruals . • Revision of its dividend payout frequency from semi - annual to annual , with no change in the Company’s Dividend Distribution Policy . Performance Highlights
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Evolving into an Integrated, Aligned & Global Organization 9
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Who we Are GMM Pfaudler is a diversified global engineering company with a heritage of more than 140 years Strong Engineering Capabilities • Decades of global engineering expertise • Certified to international standards for quality, safety and compliance Global Manufacturing Footprint • Optimized global manufacturing for quality and cost • Faster delivery with localized production Deep Process Know - how • Extensive expertise across industries and applications • Proven solutions with guaranteed process performance Prompt Local Service • Fast, reliable support wherever customers operate • Complete lifecycle support — from installation to refurbishment Our Strengths 10
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We are Evolving 11 To meet this expectation and accelerate our ambitions, we are organizing our businesses into four distinct global divisions , each with clear accountability and a sharp focus on the industries it serves . Our customers operate worldwide and increasingly expect the same advanced technology , consistent quality , and prompt, reliable support wherever they are located . GMM Pfaudler is taking a decisive step in its growth journey by evolving into a single, globally integrated organization .
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Our Four Global Divisions 12 Corrosion Resistant Technologies (CRT) U nites our glass - lined and fluoropolyme r businesses — the leaders in their respective fields — serving the chemical, pharmaceutical , semiconductor industries , among others . Process Performance Technologies (PPT) Brings together our sealing, mixing, filtration , and drying businesses onto a single global platform, delivering measurable process performance improvements across the chemical, pharmaceutical, food and beverage , metals and minerals and other industries . Heavy Engineering Technologies (HET) An India - based business with a growing export footprint, supplies engineered - to - order critical equipment to global EPCs and customers in the nuclear, power , and oil and gas industries . Process System Technologies (PST) Delivers integrated, one - stop process systems and modular solutions for the chemical and pharmaceutical industries , along with specialized applications such as acid recovery that also serve industries including defense .
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Unlocking Meaningful Value “The new global structure allows each division to focus on its strategic priorities, while unlocking meaningful value across the group” Diversification • Expand beyond traditional chemical & pharmaceutical markets • Enter broader range of high - growth end markets Accelerated Growth • Bring the full strength of each technology to every market • Deepen relationships with existing customers and winning new ones Faster Service • Decisions made once, globally, so we respond more quickly • Same high standard delivery wherever customers operate Competitive Cost Base • Each vertical rationalizes its cost structure & global footprint • Driving lasting efficiency 13
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Business Performance – Revenue & Order Intake From Segments and Regions To Global Divisions 14 >> Technologies Systems Services Revenue & Order Intake by segments and regions India Intl. India Intl. India Intl. Revenue & Order Intake by global divisions CRT PP T PS T HE T
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Business Performance by Divisions CRT Corrosion Resistant Technologies PPT Process Performance Technologies HET Heavy Engineering Technologies PST Process System Technologies 15 Revenue – Q1 FY27 ₹ 466 Cr ▲ +10% YoY Order Intake – Q1 FY27 ₹ 502 Cr ▲ +23% YoY Revenue – Q1 FY27 ₹ 255 Cr ▲ +23% YoY Order Intake – Q1 FY27 ₹ 367 Cr ▲ +64% YoY Revenue – Q1 FY27 ₹ 74 Cr Flat YoY Order Intake – Q1 FY27 ₹ 58 Cr ▲ +719% YoY Revenue – Q1 FY27 ₹ 131 Cr ▲ +46% YoY Order Intake – Q1 FY27 ₹ 80 Cr ▼ - 78% YoY* PST: *Q1 FY26 order intake includes a large order of I NR 355 Cr
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74 67 58 108 74 Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 90 91 86 99 131 Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 208 247 262 259 255 Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 423 498 477 478 466 Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 Quarterly Revenue Trend 10% CRT - Revenue HET - Revenue PPT - Revenue 23% PST - Revenue Figures in ₹ crores YoY% 16 Flat 46%
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7 57 189 37 58 Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 224 196 214 211 367 Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 410 482 442 431 502 Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 Quarterly Order Intake Trend 17% CRT – Order Intake HET - Order Intake 3.6% PPT – Order Intake 74% Figures in ₹ crores QoQ% 17 58 % PST: *Q1 FY26 Order intake includes a large order of NR 355 Cr 363 143 115 193 80 Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 PST - Order Intake - 58% *
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EBIT to PAT: Improving Flow - through 18
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EBIT to PAT: Improving Flow - through EBI T – Finance Cost Effective Tax Rate FX & Structural Leakage = PAT Initiative Timeline Impact on flow - through Refinancing and Debt Reduction Group - wide refinancing to restructure and reduce debt levels and remove the need to Inter – Company loans which creates FX fluctuations . Within next 12 - 18 months Lower interest cost and finance charges . Debt reduction already started and debt repayment of approx . EUR 7 Mn planned for Q 2 FY 27 Group Tax Strategy Reviewing and simplifying current legal entity structure Within next 18 - 24 months Efficient tax structure Intercompany Loan Termination Execute the plan to unwind the inter company loan between the subsidiaries in different currency . Within next 12 - 18 months Reduces FX and tax exposure sitting below EBIT 19
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Key Messages 20
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Key Messages 21 Financial Performance Strong execution across geographies , margin recovery over previous quarter with significant improvement in earnings Positive momentum expected to continue with a healthy order pipeline Organization Structure Four focused divisions with dedicated teams, driving sharper accountability, faster decisions and stronger growth Creating synergies across technologies, manufacturing and go - to - market teams Order Intake & Backlog Highest quarterly order intake in the company's history Strong backlog provides good revenue visibility across divisions
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Thank You 22 www.gmmpfaudler.com
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Annexures 23
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Consolidated Financial Summary Margin and growth percentages are calculated on absolute figures . Amounts are rounded off to crores and subject to casting. Particulars Q1 FY27 Q4 FY26 Q - O - Q Q1 FY26 Y - O - Y Operational Income 925 944 -2% 795 16% Material Cost 366 420 -13% 291 26% Other Costs 465 448 4% 403 15% Total Operating Expenses 831 868 -4% 694 20% EBITDA 94 75 25% 101 -7% EBITDA Margin (%) 10.1% 8.0% 217 bps 12.7% -258 bps Other Income 10 18 -46% 9 6% Depreciation 41 42 -4% 36 14% Finance Cost 23 16 38% 43 -47% Profit before exceptional items and tax 40 35 15% 32 27% Exceptional Items - 9 -100% - NA Profit before tax after exceptional items 40 26 56% 32 27% Tax 18 11 65% 21 -16% Profit after tax 22 15 47% 10 118% PAT Margin (%) 2.4% 1.6% 80 bps 1.3% 111 bps Other Comprehensive Income 5 9 -47% 55 -91% Total Comprehensive Income 27 25 11% 65 -59% Basic EPS ( ₹ ) 5.32 3.82 39% 2.48 114% 24 Figures in ₹ crores
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Standalone Financial Summary Margin and growth percentages are calculated on absolute figures . Amounts are rounded off to crores and subject to casting. Figures in ₹ crores Particulars Q1 FY27 Q4 FY26 Q - O - Q Q1 FY26 Y - O - Y Operational Income 235 289 -18% 231 2% Material Cost 119 160 -26% 108 10% Other Costs 91 103 -12% 87 4% Total Operating Expenses 209 263 -20% 195 7% EBITDA 26 26 0% 36 -28% EBITDA Margin (%) 11.0% 9.0% 207 bps 15.7% -466 bps Other Income 1 8 -84% 1 113% Depreciation 7 7 -1% 8 -11% Finance Cost 6 7 -25% 7 -15% Profit Before Tax 15 20 -26% 22 -35% Tax 3 3 5% 6 -38% Profit After Tax 11 16 -32% 17 -33% PAT Margin (%) 4.7% 5.7% -95 bps 7.2% -249 bps Other Comprehensive Income 0 2 -100% 0 - Total Comprehensive Income 11 18 -38% 17 -33% Basic EPS ( ₹ ) 2.48 3.66 -32% 3.71 -33% 25
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Acquisitions – Financial Performance 26
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Acquisition Performance over the Years 27 378.1 411.0 502.6 591.1 1001.1 2540.6 3177.6 3446.5 3198.7 3523.9 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 FY26 +154% +9% CAGR Acquisition • Interseal • Normag - - De Dietrich • Global Pfaudler Business • HDO Technologies • Hydro Air Research Italia S.r.l. • Mixel France SAS • GMM Pfaudler JDS LLC MixPro Professional - • GMM Inox • SEMCO Geography Germany - - Hyderabad • Global • Ahmedabad Italy • France (with WOS in China) • United States (Americus, Georgia) Canada - • Poland • Brazil Products • Dry shaft seals • Sealing systems • Agitators • Laboratory system - - • Glass - lined equipment • Alloy systems • Vacuum filters • Solid - liquid separation (SLS) systems • Thermal systems • Pressure vessels • Water treatment systems • Glass lined equipment • Heat exchangers • Thermal systems • Pressure vessels • Mineral processor • Pulp & paper • Flue gas desulphurization (FGD) - • Stainless steal equipment • Mixer • Agitators • Reactors Traditional Sectors • Chemicals • Pharmaceuticals - - • Chemicals • Pharmaceuticals • Chemicals • Pharmaceuticals • Chemicals • Chemicals • Pharmaceuticals • Chemicals - • Chemicals • Pharmaceuticals Non - Traditional Sectors • Food Processing • Petrochemical • Research Lab - - • Oil & Gas • Minerals • Refinery & Fertilisers • Water Treatment • Industrial Process • Food & Beverage • Textile • Energy • Mining • Minerals • Water Treatment • Power (FGD) • Mining • Pulp & Paper • Flue Gad Desulphurization - • Mining • Pulp & Paper • Biogas • ~4x Revenue Increase • Expanded Global Footprint to 20+ Sites • Global Leader in Corrosion - Resistant Equipment • Expanded Product Portfolio and added complementary technologies • Strengthened Global Presence expansion Across Europe, North & South America Transformational Acquisition Bolt - on Acquisition Organic Acquisition • The De Dietrich Hyderabad facility was closed in FY25, with manufacturing operations consolidated at Karamsad , Gujarat. Acquisitions drive immediate revenue growth, with margin accretion to follow through integration and synergies. EBITDA Margins 12.6% 15.1% 15.3% 18.8% 13.9% 11.2% 13.5% 13.8% 11.3% 11.4% Revenue (in crores)
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Acquisition’s Outcome Parameter Earlier State Current Position Remarks Product Diversification Primarily glass - lined equipment Diversified portfolio across glass - lined equipment, filtration & drying, mixing, sealing technology etc Completed Industry Diversification ~80% traditional industries Traditional industries ~55%; non - traditional industries ~45% Completed Global Presence Global operations supported with 20 manufacturing facilities Presence across 35+ countries with 20 manufacturing facilities Completed Innovation & Technology Focus on technology, innovation and sustainability Expanded product portfolio with Industry 4.0 - enabled solutions, advanced automation and digital capabilities Completed Organisation Structure Complex global organisational structure following multiple acquisitions Organisation being realigned into a simplified, product - focused global structure Streamlining to be largely completed by FY27 Capital Structure (Debt) Higher leverage following acquisition - led expansion Debt optimization and financing restructuring underway Gradual improvement expected over the medium term EBIT to PAT Conversion Lower earnings conversion due to financing, tax and Fx inefficiencies Initiatives underway to improve EBIT - to - PAT conversion Benefits expected to materialize progressively as restructuring is completed 28