#1RODNEY HUNT CELEBRATIN 50 YEARS 1973-2023 WHEN EVERY DROP COUNTS ASH JASH ENGINEERING LTD. Contributing to a sustainable environment....... Worldwide! Investor Presentation Q1FY24, August 2023 |MM Mahr Shivpad Engineers Maschinenbau Pvt Ltd#2Disclaimer JASO This presentation and the accompanying slides (the "Presentation"), which have been prepared by Jash Engineering Limited (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 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 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. jashindia.com <(2)►#3Agenda 3 1 Company Overview 2 Product Overview Financial Overview 4 Business Outlook Head Office at Unit 1 in Indore#4JASE LEBRATING 50 YEARS 1973 1 2023 WHEN EVERY DROP COUNTS Company Overview#5Jash at-a-glance jashindia.com JASO JASO ▸ An ISO-9001:2015 / ISO-14001:2015 / OHSAS ISO 45000:2018 certified company dedicated to offering varied products for use in Water and Wastewater Pumping Stations and Treatment Plants, Storm Water Pumping Stations, Water Transmission Lines, Desalination, Power, Steel, Cement, Paper & Pulp, Petrochemicals, Chemicals, Fertilizers and other process plants. Headquartered in Indore - India, Jash has five well-integrated state-of-art manufacturing facilities, four in India and one in the A USA. ▸ Global presence with bases in India / USA / Austria / Hong Kong to serve our clients and help achieve the common goal of creating a sustainable environment worldwide for all time to come. 5 Manufacturing units -950 Employees 415 Cr. 1973 Incorporation of Company 45+ Countries Global exports 350+ Years of cumulative experience Consolidated Sales 2022-23 Approved by Major Municipal Authorities in India and Abroad (5#6Evolution of the company Biggest Water Control gates company of India & converted into public limited company. Technical & Financial collaboration with Schuette, Germany for Bulk solids valves Formation of Jash Engineering Pvt Ltd Expanded Screen manufacturing facility and became largest manufacturer of fine screen in India First company to introduce fine screen in India in Technical collaboration with Hollung, Sweden JASO Technical collaboration with Weco Armaturen, Germany to offer its range of Valves in Asian market Acquisition of Sureseal to add Water Hammer control valve range Established UNIT-3 of 50,000 Sqft. At SEZ Pithampur for Valves & Gates New facility to manufacture bulk solids handling valves 1973 1996 2000 2005 2006 2008 2009 2010 $ A .000 2023 2019 2018 2017 2016 2014 2012 2011 Joint Venture with Invent, Germany to manufacture their range of aeration and mixing equipment. Established plant of 60,000 sqft at Orange Massachusetts, USA for Fabricated products. Established UNIT-4 of 50,000 Sqft at SEZ for Fabricated products. Technical Collaboration with Invent, Germany for Disc Filters jashindia.com Acquisition of Rodney Hunt Brand in USA Company listed on National Stock Exchange (NSE) Established UNIT-2 of 150,000 Sqft. For Fabricated products. Technical collaboration with Mahr Maschinenbau, Austria for various Screens Acquisition of Mahr Maschinenbau, Austria Technical collaboration with Rehart, Germany for Archimedes screw pumps & hydro power generation. Acquisition of Shivpad to add Process Equipment range <(6)#7• Evolution Through Acquisition JASO jashindia.com 2016 2014 2011 Rodney Hunt Inc., USA (FY-23 revenue ₹ 163.9 Cr.) (Acquired at US$ 4 million) RODNEY HUNT Mahr Maschinenbau GmbH, AUSTRIA (FY-23 revenue of Mahr products 28.7 MM Cr.) (Acquired at Euro 2 million.) 2009 Shivpad Engineers Pvt. Ltd, INDIA (FY-23 revenue of Process Equip * 27.2 Cr.) (Acquired at 6 Cr.) Sureseal, INDIA (FY-23 revenue of Sureseal products 13.1 Cr.) (Acquired at ₹ 1Cr.) To add world renowned brand and get access into north American market of water control gates. To get access to top representatives in states so that they can help in selling screens & knife gate valves. To add world renowned Screening technology and brand so that these could be leveraged in export market and help push gates and screens as a package P To add treatment process equipment and increase the package size of products offered in a particular project. To add niche products of water hammer control in the water SURESEAL conveyance cycle where company had no presence in India.#8State of Art Facilities & Turnover Capability Total Turnover Potential from existing facility 600+ Cr JAST UNIT-1 CAST PRODUCTS PLANT UNIT-2 FABRICATED PRODUCTS PLANT UNIT-3 SEZ PLANT Built Up Area: 125,000 Sq. ft. Turnover Capability: 75 Crore Built Up Area: 185,000 Sq. ft. Turnover Capability: 250 Crore Built Up Area: 75,000 Sq. ft. Turnover Capability: 100 Crore jashindia.com UNIT-4 Rodney Hunt Plant Built Up Area: 50,000 Sq. ft.. Turnover Capability: 100 Crore Rodney Hunt Plant, Orange, MA USA Built Up Area: 60,000 Sq. ft. Turnover Capability: USD 10 Million (80 Crore) (8#9Shot blasting of carbon steel up to 5000 x 4000 x ◆ Plant Capabilities Positive Material Identification Physical & Chemical testing of material Machine job with maximum size of upto 10,000 x 4000 x 1000 mm on CNC Machines Bend & shear stainless steel up to 14 mm thick Bath pickle stainless steel jobs up to 6000 x 2000 x 2000mm size jashindia.com Casting weighing up to 20,000 kgs. 91 Fabricating capacity for jobs up to 50 tonnes weight Water jet Cutting of stainless steel plates upto 100 mm thick Laser 1030 20000mm Laser Cutting Machine for plates upto 16 mm thick Hydro-test sluice gates up to 5000 x 3500mm size and valves up to 3000mm Flight Forming Machine for 5000 mm diameter YRO JASO Flight welding machine for 4500 mm diameter x 24,000 mm length#10JASH Products Overview#11Product at a Glance Water intake Systems Heavy Fabricated Gates Coarse Screening Equipment JASO Fine Screening Equipment Penstocks/ Sluice Gates Open Channel Gates Bulk Head Slide Gates Roller Gates Trash Rack Jash MMR Screen Screenmat Step Screen Rotoclean Rotary Drum Screen Downward Opening Weir Gates Flap Gates Butterfly Gates Crest Gates "JMR" Multi-rake Screen Jash Back Rake Screen Rotobrush Rotary Screen Mahr Perscalator Screen Stop Logs Radial/Tainter Bonneted Gates Gates Suspended Trash Rack Travelling Band Screen jashindia.com 11#12Product at a Glance Screening Conveying Equipment Heavy Fabricated Gates Knife Gate Valves JASO Bulk Solid Handling Valve Belt Conveyor Screw Conveyor Bulk Head Slide Gates Roller Gates Trash Rack "MONO" Series Knife Gate Valve Slide Gate Valve Version ZFB Swing Gate Valve - Version KU Screw Conveyor with wash compactor Jet Breaker Washer Compactor jashindia.com Butterfly Gates Crest Gates Special Purpose Valves 0008 JASH ENGINEERING UMITED, NON www.jaded.com Zero Velocity Valve Air Vessel Double Flap Valve - Version DFG Fabricated Slide Gate Valve-VEG Radial/Tainter Bonneted Gates Slide Gate Valve- Gates Air Cushion Valve Energy Dissipating Valve ZFS 12#13◆ Product at a Glance Process Equipment JASO Detritor Slow speed floating aerator Clarifier Clarifloculator Slow speed fixed aerator Hydro Power Equipment Screw Pumps Filtering Equipment Hydropower Screw Generator Archimedean Screw Pump iFILTⓇ Diamond Disc Filter jashindia.com 13#14● Application Of Products JASO Water intake systems Storm water pumping stations Water & waste water treatment plants Irrigation systems Power plants Paper & pulp plants Petrochemical plants Steel plants jashindia.com 14#15◆ Product Offerings With Revenue Contribution (Q1FY24) Water Control Gates 57% Revenue Contribution Valves 23% JASO Screening Equipment 13% Revenue Contribution Hydropower & Pumping, Process Equipment and others 7% Revenue Contribution Revenue Contribution jashindia.com 15#16◆ Making The World Our Market From predominant sales in single geography of India in early nineties, the company is today present in multiple (over 45 countries) regions with each region having significant contribution in turnover. JASO EUROPE & AFRICA Canada Q1FY24 2.74 USA Q1FY24 25.92 MIDDLE EAST Q1FY24 0.86 Sweden Norway United Kingdom Austria USA France Bahrain Kuwait Jordan UAE India Hong Kong Thailand Qatar Oman Philippines Malaysia Vietnam Singapore Within India Outside India Total Revenue from Operations Q1FY24 (Cr) 27.26 36.96 64.22 Acquisitions Manufacturing & Marketing Offices Subsidiary jashindia.com ▲ Regional Business Associates INDIA Q1FY24 27.26 FAR & SOUTHEAST ASIA Q1FY24 7.44 16#17◆ Clients & Consultants - India एनटीपीसी NTPC बीएचईएल BHEL Reliance Industries Limited LogoTaglines.com CONTRACTORS सेल SAIL LARSEN & TOUBRO xylem Let's Solve Water WABAG suez adani ΤΑΤΑ TATA CONSULTANCY SERVICES ® MäRS jashindia.com STUP CONSULTANTS PVT. LTD. मेकॉन 150 9001 company ThyssenKrupp Uhde India JASO राष्ट्र की सेवा में परमाणु: एनपीसीआईएल NPCIL MS IN THE SERVICE OF THE NATION Kirloskar NCC NCC Limited RAMK GROUP Towards sustainable growth Mmeil Enviro Control Private Limited ENVIRO (Formerly known as Enver Control Associates (0) Pvt. Ltd.) Solutions for a Cleaner Environment קר THERMAX m mm Multi Media Consultants LNT WAPCOS Limited (A Government of India Undertaking) NJS NJS ENGINEERS INDIA PVT. LTD. (A wholly owned subsidiary of NJS Co. Ltd., Japan) FICHTNER INDIA D DASTUR CONSULTANTS Sapient SAPIENT TECHNO CONSULTANTS UN I. E. WORLD INFRASTRUCTURE ENVIRONMENT WATER & SANITATION 17#18◆ Clients & Consultants - International Kubota Sembawang A PUNJ LLOYD COMPANY VEOLIA WATER CONTRACTORS ArcelorMittal أرامكو السعودية saudi aramco JASO SMHB Sdn Bhd anx Juruters Perunding Consulting Engineers INNOVATIVE ENGINEERING fer better world... Hyflux® GE Power & Water EBARA Water & Process technologies Mott MacDonald UES Better Environments ATAL ZUBLIN ATAL ENGINEERING LTD BECHTEL CDM Smith RBLACK&VEATCH Building a world of difference. MWHⓇ A=COM m CHEVALIER 其士集團 Bestwise CHEVALIER GROUP SANLI SMITECH KHARAFI NATIONAL 拼兄弟 KOH BROS HAZEN AND SAWYER ATKINS ①Stantec Environmental Engineers & Scientists CONSULTANTS SJ SURBANA JURONG ARUP KEO كيو انترناشيونال كونسلتنتس KEO International Consultants jashindia.com 18#19JASE JAS 夏之 夏夏之之 Financial Performance#20Standalone Performance - Jash, Shivpad & Jash USA JASH ENGINEERING LTD. Revenue (Cr)* SHIVPAD ENGINEERING PVT. LTD. Revenue (*Cr) JASO JASH USA / RODNEY HUNT Revenue (*Cr/ US$ Mn) 43.1 36.5 1.1 1.0 14.6 / $ 1.8 Q1FY23 PAT (Cr) Q1FY24 Q1FY23 2.4 2.2 Q1FY23 *includes other income. jashindia.com PAT (Cr) Q1FY24 Q1FY23 *25.6/$ 3.1 Q1FY24 PAT (*Cr/ US$ Mn) Q1FY24 -0.3 -0.2 6.8/-$0.8 Q1FY23 Q1FY24 Q1FY23 5.5/-$0.7 Q1FY24 20#21◆ Consolidated Financial Snapshot Revenues (Cr)* 48.6 65.5 Q1FY23 Q1FY24 *includes other income. jashindia.com Profit Before Tax (*Cr) Gross Profit (Cr) & Margin (%) 67.7% ☐ 59.6% JASO EBITDA (Cr) & Margin (%) 1.1% 39.0 32.8 0.5 Q1FY23 Q1FY24 Profit After Tax (*Cr) -3.4 -4.0 -3.8 -4.1 Q1FY23 Q1FY24 Q1FY23 Q1FY24 1.4% 0.9 Q1FY23 Q1FY24 21#22◆ Consolidated Income Statement JASO Particulars ( Cr) Total Income Q1 FY24 Q4FY23 Q1FY23 FY23 FY22 65.5 173.9 48.5 415.2 373.6 Total Expenses 69.3 138.7 52.5 358.7 339.0 EBITDA 0.9 40.8 0.5 77.1 52.9 EBITDA Margin (%) 1.4% 23.5% 1.1% 18.6% 14.2% Finance Cost (Net) 2.0 2.6 2.1 9.9 8.6 Depreciation 2.7 2.9 2.5 10.6 9.7 PBT -3.8 35.3 -4.0 56.5 34.6 Tax -0.4 2.4 0.1 4.8 2.4 PAT -3.4 33.2 -4.1 51.8 32.2 PAT Margins (%) -5.1% 19.1% -8.5% 12.5% 8.6% EPS () -2.8 27.6 -3.4 43.2 27.1 jashindia.com 22#23ROONEY HUNT JASO H HUNT Business Outlook#24◆ Consolidated Order Book as on 1st August 2023 Jash Engineering Ltd Jash USA/Rodney Hunt jashindia.com JASH 446 Cr * 366 Cr RODNEY HUNT Shivpad Engineering Pvt Ltd 17 Cr E 50 2000 JASH GO Within India 238 Cr JASO Outside India * 591 Cr Combined order book stood at 829 Cr 24#25Consolidated Order Pipe Line as on 1st August 2023 jashindia.com ALREADY NEGOTIATED Within India *21 Cr Outside India ₹ 15 Cr Combined 36 Cr Go UNDER NEGOTIATION Within India 21 Cr Outside India 7 Cr Combined 29 Cr JASO 25#26◆ Consolidated Sales Outlook for FY 23-24 Jash Engineering Ltd ASH * 345 Cr Jash USA/Rodney Hunt 200 Cr RODNEY HUNT Shivpad Engineering Pvt Ltd 30 Cr 画 GO Within India 220 Cr JASO Outside India 295 Cr Combined 515 Cr jashindia.com Combined consolidated sales is arrived at after deducting inter-company sales. 26#27◆ Other Developments . • • • • • · JASO At Unit 1 Additional floor work is in progress and this floor will be inaugurated in end Sept 2023 to coincide with 50 years of the company At Unit 2 modifications and improvements to newly allocated SS Welding shop and setting up new Grit blasting facility for SS products At Unit 2 a new 10 ton capacity crane for Bay 2 has been ordered and is expected to be delivered by the end Sept and will be commissioned in October 2023 At Unit 2 new SS Products assembly plant of approx. 28,000 square feet: This plant will be inaugurated in end Sept 2023 to coincide with 50 years of the company A new company Jash Invent India Pvt. Ltd., India will be incorporated by the end Sept 2023 and would be capitalized by Sept 2023 Due to marketing requirements, it is felt that merging of Shivpad with Jash will lead to improved business opportunities for Shivpad product line. Detailed analysis is being carried out to evaluate the pros and cons of this move. A final decision will be taken by end Sept 2023. The company aims to acquire an 80% stake of Waterfront Fluid Controls., UK by the end Sept 2023. The process of Due diligence (legal/financial / tax) has been started and is expected to be completed by the end August jashindia.com 27#28◆ Management Commentary JASO Mr. Pratik Patel Managing Director "The first quarter results are always subdued due to the nature of the industry because major revenue is booked in the 3rd and 4th quarters of the financial year. Significant material which was ready for delivery could not be billed because of inability of the clients to pay and take delivery in Q1. This affected Q1 revenues. There has been reasonable growth of 18.3% in standalone revenue but lower dispatches from subsidiary companies have subdued the 1st quarter consolidated results. However looking to the billing already achieved till date in Q2 we are quite confident of significant jump in Q2 revenue on standalone as well as consolidated basis. Improvement in Q1 profitability on standalone basis augers well for annual profitability because in subsequent quarters revenue is expected to grow at a sustained pace. Profitability of subsidiary companies is expected to significantly improve as their Q2 revenue improves. In the current year we are quite optimistic about meeting the projected revenue and improving the profitability on standalone as well as consolidated basis. jashindia.com 28#29◆ Shareholders Information NSE Symbol JASH STOCK DATA (As on 11th August 2023) JASH Market Capitalization INR 1,632 Crore JASO SHAREHOLDING PATTERN (As on 30th June 2023) 51% Promoters Public 47.4% Shares Outstanding INR 1.20 Crore Stock Price INR 1,360 1.6% jashindia.com Employee Trusts (231 Employees) 29#30THANK YOU FOR MORE INFORMATION, CONTACT Dharmendra Jain Jash Engineering Limited E-mail: [email protected] Ph.:0731-6732700, 0731-2720143 Siddesh Chawan Ernst & Young LLP/ Investor Relations E-mail: [email protected] Ph.: +91 022 6192 0000 h Engineering Ltd, Head Office, Inde RODNEY HUNT MM Mahr Maschinenbau SHIV PAD ENGINEERS PVT. LTD. E-mail: [email protected] JASH ENGINEERING LTD 31, Sector-C, Industrial Area, Sanwer Road, Indore, INDIA. Ph. No. +91-731-2720143,2720034 Email: [email protected] Website: www.jashindia.com MAHR MASCHINENBAU GMBH Kupferschmiedgass 8, A-2201 Hagenbrunn, AUSTRIA Ph. No. +4322463521 Email: [email protected] Website: www.mahrmaschinenbau.com RODNEY HUNT INC 46 Mill Street, Orange, MA 01364, USA Ph. No. (978) 6334362, Email: [email protected] Website: www.rodneyhunt.com JASH USA INC 6200 Savoy Dr Ste 750, Houston, TX 77036 USA Ph. No. (281) 9626369, Email: [email protected] Website: www.jashusa.com SHIVPAD ENGINEERS PVT LTD. 3/86-E, ATCStreet, 2nd Main Road, Ambattur Industrial Estate, Ambattur, Chennai, 600 058, INDIA Ph. No. +91-44-4860 6201/48606203 Email: [email protected] Website: www.shivpad.com E&M JASH LTD. 905, Silvercord Tower 2, 30 Canton Road, Tsimshatsui, Kowloon, HONG KONG Ph. No. +852 2375 3180 Email: [email protected] Website: www.eandmjash.com JASH