Man Industries (india) Limited · NSE:MANINDS
Man Industries (india) — Valorem Conference 2019
33 slides from Man Industries (india)'s conference presentation, Mar 12, 2019
Slide 1: Intimation of meeting with Analyst/Institutional Investors
an ISO 9001/14001/18001 accredited company MAN Industries (India) ltd www.mangroup.com CIN NO.- L99999MH1988PLC047408 .<; , . the line pipe people 11 1" March, 2019 To, To, SSE limited National Stock Exchange of India Ltd 1" Floor, New Trading Ring, Exchange Plaza, 5'" Floor, Rotunda Building, Plot
Slide 2: Investor Presentation March 2019
1 Investor Presentation March – 2019
Slide 3: Disclaimer
Disclaimer No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Such information and opinions are in all events not current after the d
Slide 4: Index
Index Financial Overview Company Industry Overview Overview Executive Business Summary Overview 3
Slide 5: Executive Summary
Executive Summary Overview:- • Man Group, promoted by Mansukhani family in 1970, incorporated its flagship company Man Industries (India) Ltd. in 1988. • Man Industries (India) Ltd. (MIIL) is one of the largest manufacturer and exporter of large diameter carbon steel line pipes (LSAW and HSAW). • MI
Slide 6: Index
Index Financial Overview Company Industry Overview Overview Executive Business Summary Overview 5
Slide 7: Company Profile
Company Profile ➢ Incorporated in 1988, Man Industries (India) Ltd. is a flagship company of Man Group, promoted by Mansukhani family. Industry Usage ➢ The company is one of the largest Manufacturers and Exporters of LSAW and HSAW pipes in India with a Total installed capacity of 1 million tonnes. ➢
Slide 8: Key Management
Key Management Dr. Ramesh C. Mansukhani, The Group Executive Chairman has dedicated over 35 years of his life to the field of Manufacturing. Since the birth of Man Group he has been the core strength in its Progress. He has been the driving force behind the several new manufacturing facilities invol
Slide 9: Key Milestones
Key Milestones 1970-1999 2000-2005 2006-2012 2013-2018 • 1988- Founded and • 2001- Coating plant for PE & • 2006- Issued GDR of $35mn • 2013- First ever Indian Incorporated by CTE coating established with with listing on Dubai Stock company to get order from Mansukhani Family. Started capacity of of
Slide 10: Plant Location
Plant Location ➢ Man Industries (India) Ltd. has two plants: one plant in Anjar, Kutch District of Gujarat and other in Pithampur, Madhya Pradesh spread over a total of 150 acres. ➢ The combined manufacturing capacity of both plants is 1mn T.P.A. of LSAW and HSAW Pipes. ➢ Anjar plant is strategicall
Slide 11: Accolades & Certificates
Accolades & Certificates ➢ Star Performer Award by EEPC India for Outstanding contribution to engineering exports in three successive years 2008-2009, 2009-2010 & 2010-2011. ➢ Government recognized 2 STAR “EXPORT HOUSE” status. ➢ Recipient of GAIL Award 2010-2011. ➢ Niryat Shree Award of FIEO 2001-2
Slide 12: Key Strengths
Key Strengths • Dr. R.C. Mansukhani has more than three decades of experience in the industry. • Strongly established in International markets, as Industry Experience well as good brand reputation domestically. • Kobe Steel Ltd. Japan is into strategic relationship with the company. • Entire range o
Slide 13: Competitive Advantages
Competitive Advantages • Strategically placed • Integrated Pipe Plant to cater the demand with Coating of LSAW & HSAW line facilities. pipe segments. • Anjar, plant enhances Export competitiveness. LSAW & Coating & HSAW Strategic Pipes Location Low Lean Operational & Organization Capital Costs • 3RB
Slide 14: Strategic Alliance - Kobe Steel
Strategic Alliance - Kobe Steel ➢ In 2012, The company entered into Strategic relationship with Kobe Steel Ltd. (Japan) ➢ Kobe Steel Ltd. is a Major Japanese manufacturer of Iron and Steel. ➢ Kobe Steel Ltd. Japan focuses on outstanding Products and Technologies. They share strategic relations with
Slide 15: Index
Index Financial Overview Company Industry Overview Overview Executive Business Summary Overview 14
Slide 16: LSAW Pipes
LSAW Pipes Manufacturing Facilities :- Installed Capacity: 500,000 T.P.A ➢ The total production capacity of both plants together is 500,000 T.P.A. ➢ The LSAW Line Pipes are manufactured in Diameter ranging from 16” to 56” in strict conformance to the growing Global demand of high pressure, cross-cou
Slide 17: HSAW Pipes
HSAW Pipes Manufacturing Facilities :- Installed Capacity: 500,000 T.P.A ➢ The total production capacity of both plants together is 500,000 T.P.A. ➢ The HSAW Line Pipes are manufactured in Diameter ranging from 18” to 130” in strict conformance to the growing Global demand of high pressure, cross-co
Slide 18: Coating
Coating Manufacturing Facilities :- ➢ By the use of proven Latest Technology and Raw Materials the coating is carried out to protect pipes from corrosion(Internally/Externally ) and increase operational life. Types Of Coating :- I. Internal & External Single Layer FBE, 3 Layer PE & 3 Layer PP Coatin
Slide 19: Domestic Key Clientele
(India) Ltd pipe people Industries (India) Lt a (i L MAN 3 @ @: st Maharatna GAIL (India) Limited India's You Domestic Key Clientele
Slide 20: International Key Clientele
International Key Clientele 19
Slide 21: Index
Index Financial Overview Company Industry Overview Overview Executive Business Summary Overview 20
Slide 22: Global Demand Triggers
Global Demand Triggers ➢ Global pipe demand from 2018-22 is expected to reach $468 billion. ➢ Middle East, West Asia, Africa, South East Asia, Australia, Latin America Future Pipeline Projects and the domestic market would be key volume drivers for Indian pipe Length Business Value manufacturers. Ge
Slide 23: Indian Demand Triggers
Indian Demand Triggers ➢ The penetration level of pipelines in oil & gas transportation is quite low at 32% in India as compared to 59% in USA and 79% globally. The low penetration of pipes in the domestic market provides a huge business opportunity. ➢ Domestic demand drivers: - Expansion of Nationa
Slide 24: Index
Index Financial Overview Company Industry Overview Overview Executive Business Summary Overview 23
Slide 25: Standalone Quarterly Financial Performance
Standalone Quarterly Financial Performance Particulars (Rs. In Mn.) Q3FY19 Q3FY18 YoY% Q2FY19 QoQ% 9MFY19 9MFY18 YoY% FY18 Revenue* 5,429 5,035 8% 7,736 -30% 19,531 11,322 72% 16,300 COGS 4,110 3,836 7% 6,086 -32% 14,897 8,223 81% 11,747 Gross Profit 1,319 1,199 10% 1,650 -20% 4,634 3,099 50% 4,553
Slide 26: Q3 & 9MFY19 Result Analysis
Q3 & 9MFY19 Result Analysis ▪ Q3FY19 Total revenue including other income increased by 8% on YoY basis from Rs.5,035 Million in Q3FY18 to Rs.5,429 Million in Q3FY19. ▪ Q3FY19 EBITDA increased by 10% from Rs. 445 Million in Q3FY18 to Rs. 490 Million in Q3FY19. EBITDA Margin increased by 18 bps on YoY
Slide 27: Standalone Income Statement
Standalone Income Statement** Particulars (INR Mn) FY15 FY16 FY17 FY18 Total Income * 14,015 14,606 11,346 16,300 Expenses 12,492 12,741 10,149 14,496 EBITDA 1,523 1,865 1,197 1,804 EBITDA Margin 10.9% 12.8% 10.6% 11.1% Depreciation 425 371 401 392 Finance Cost 457 565 363 430 Exceptional Item - - -
Slide 28: Standalone Balance Sheet as per Ind-AS
Standalone Balance Sheet as per Ind-AS EQUITY & LIABILITIES (INR Mn) FY17 FY18 H1FY19 ASSETS (INR Mn) FY17 FY18 H1FY19 Shareholders’ Funds Non Current Assets Share Capital 286 286 286 Fixed Assets Reserves and Surplus 5,717 6248 6592 Tangible Assets 3,430 3,554 4,142 Total Shareholder's Funds 6,003
Slide 29: Standalone Quarterly Performance
Standalone Quarterly Performance Particulars (INR Mn) Q4FY17 Q1FY18 Q2FY18 Q3FY18 Q4FY18 Q1FY19 Q2FY19 Q3FY19 Total Income (INR Mn) 9000 Total Income* 3,121 3,276 3,011 5,035 4,978 6,367 7,736 5,429 7,736 Operating Expense 2,805 2,942 2,686 4,590 4,277 5,701 7,184 4,939 7000 6,367 5,429 5,035 4,978
Slide 30: Consolidated Income Statement
Consolidated Income Statement** Particulars (INR Mn) FY15 FY16 FY17 FY18 Total Income * 13,986 14,591 11,329 16,643 Expenses 12,498 12,721 10,122 14,830 EBITDA 1,488 1,870 1,207 1,813 EBITDA Margin 10.6% 12.8% 10.6% 10.9% Depreciation 425 371 401 430 Finance Cost 459 565 363 392 Exceptional Items -
Slide 31: Consolidated Balance Sheet as per Ind-AS
Consolidated Balance Sheet as per Ind-AS EQUITY & LIABILITIES (INR Mn) FY16 FY17 FY18 ASSETS (INR Mn) FY16 FY17 FY18 Shareholders’ Funds Non Current Assets Share Capital 286 286 286 Fixed Assets Reserves and Surplus 5,378 5,697 6,236 Tangible Assets 3,491 3,456 3,554 Total Shareholder's Funds 5,664
Slide 32: Capital Market
Capital Market Man Industries BSE Sensex 100% 60% 20% -20% -60% -100% Feb-18 Mar-18 Apr-18 May-18 Jun-18 Jul-18 Aug-18 Sep-18 Oct-18 Nov-18 Dec-18 Jan-19 Price Data (as on 12th February, 2019) INR Shareholding Pattern as on 31st Dec. 2018 Face Value 5.0 Market Price 56.4 Promote 52 week High/Low 146
Slide 33: Thank you
Thank you For Further Information Contact:- Pushpa Mani Manager – Investor Relations 9911684123, 9920575153 pushpa.mani@maninds.org 32