Carborundum Universal Limited · NSE:CARBORUNIV
Carborundum Universal — Shareholder Meeting (August 2022)
34 slides from Carborundum Universal's shareholder meeting presentation, Aug 1, 2022
Slide 1: 68th Annual General Meeting - Forging New Paths
68th Annual General Meeting Carborundum Universal Limited 01st August 2022 “Forging New Paths”
Slide 2: Disclaimer
Disclaimer This presentation contains Statements relating to future business developments and economic performance that could constitute ‘forward looking statements.’ While these forward-looking statements represent the Company’s judgements and future expectations, a number of factors could cause ac
Slide 3: Murugappa Group – At a Glance
Murugappa Group – At a Glance A legacy of 120 years… 3 29 10 40+ 90+ 53000+ Sectors Businesses Listed companies Countries Manufacturing Locations Associates ₹547Bn* $6.9Bn ₹55Bn* $690Mn Turnover Profit After Tax * For financial year 2021-22 (Apr-Mar) 3
Slide 4: Murugappa Group – Companies
Murugappa Group – Companies Listed Unlisted 4
Slide 5: Carborundum Universal business activity and locations
Carborundum Universal USA Grinding Wheel ,UK Business activity - manufacture of Coated 30 manufacturing locations across India, Abrasives, Bonded Abrasive, Super Refractories, Germany, South Africa, Russia and Australia Electro-Minerals, Industrial Ceramics, Ceramic Fibers and Phase Change Materials
Slide 6: CUMI – Board of Directors
CUMI – Board of Directors M M Murugappan Chairman Expertise in Chemical and Environmental Science Mr Sanjay Mr Aroon Raman Mr Ananthaseshan Mr P Raghavan Mr Sujjain Mr Sridharan Rangarajan Ms Soundra Kumar Jayarathnavelu Material Scientist and Managing Director Former Ambassador to Talwar Director –
Slide 7: India Leadership
India Leadership Dr Shyam Rao Ms Rekha Surendran Mr C Srikanth SBU Head - Ceramics Mr Bhaskaran Kannun CS Wendt India HR Head Mr Ninad Gadgil Mr Padmanabhan Mr Samit SBU Head- Abrasives CFO Pluss Mr V G Rajendran Mr M V Sivakumaran Mr Nirav SBU Head - Refractories SBU Head - Minerals Sterling Abrasi
Slide 8: International Leadership
International Leadership Mr Trevor Allen Mr Sergey Kostrov Mr Nitin Bichkar CUMI Australia VAW, Russia CUMI USA Mr Albert Render Mr Klaus Michael Mr Hoffmann Fabian FZL, South Africa Rhodius, Germany Awuko, Germany Mr Thomas Muller Mr Ernst Hanning Sager Mr Bernd Licther Awuko, Germany Rhodius, Germ
Slide 9: What we aspire to be…
What we aspire to be… Purpose Making a Material difference to lives To be an admired company driven by innovation creating stake holder wealth by engineering Materials science Vision solutions for a sustainable planet Mission 2X growth in topline and 3 X growth in bottom line by 2025 Over 6 1000+ 40
Slide 10: We Engineer Materials Science Solutions For An Enduring Planet
We Engineer Materials Science Solutions For An Enduring Planet Abrasives Electro Minerals Business Portfolio Ceramics New Age Materials 10
Slide 11: CUMI - Market Position cemented Over Time
CUMI - Market Position cemented Over Time Market Cap Revenue PAT 20,000 + 30+ 5000+ INR 15149 Cr INR 3290 Cr INR 333 Cr Location Varieties Employees $ 1961 Mn $ 426 Mn $ 43 Mn s (As on 31st Mar 2022) (FY 21-22) (FY 21-22) Second largest producer of One of the largest producers of the full Silicon Ca
Slide 12: CUMI : Global Presence
CUMI : Global Presence India Standalone Operations Russia Volzhsky Abrasives Works ( 98.07% ) Sterling Abrasives Limited ( 60% ) USA SEDCO ( 84.7% ) CUMI America Inc. ( 100% ) Net Access India Limited ( 100% ) Germany Wendt India Ltd. ( 37.5% ) Rhodius Abrasives ( 100% ) MMTCL (49%) AWUKO Abrasives
Slide 13: Strong goods demand faces supply bottlenecks
The Year that Was – FY 22 Strong goods demand faces supply bottlenecks Covid-19 Raw Materials Energy Fuel 2nd and 3rd Wave impact Commodity prices impacted Higher Energy prices limiting Higher oil and gas prices reduced through vaccinations margins across sectors production of key raw materials impa
Slide 14: Key Highlights – FY 22
Key Highlights – FY 22 Standalone Business Subsidiaries, JVs & Associates Volzhsky Abrasives Works, Russia, - strong Strong performance despite relentless input cost-push performance and exemplary resilience Focused on profitability, capacity utilization, and expanding mass market presence while bui
Slide 15: Financial Performance
Financial Performance 1. 2 1 6000 6000 0. 9 1 0. 8 CUMI Standalone CUMI Consolidated 5000 5000 0. 7 0. 8 4000 4000 $ 426 Mn 0. 6 Net Sales in Rs. Crore 3290 Net Sales in Rs. Crore 0. 6 0. 5 $ 284 Mn 2656 2569 2604 $ 293 Mn 3000 3000 2192 2330 2080 0. 4 CAGR $ 195 Mn 1752 CAGR 1917 1649 0. 4 2000 155
Slide 16: Segmental Performance
Segmental Performance CUMI Standalone* All Values in Rs Crore CUMI Consolidated* All Values in Rs Crore FY 18 FY 19 FY 20 FY 21 FY 22 FY22 vs FY21 FY 18 FY 19 FY 20 FY 21 FY 22 FY22 vs FY21 Net Sales 1551 1752 1623 1649 2192 32.9% Net Sales 2330 2656 2569 2604 3290 26.3% EBIT 204 248 240 256 346 35.
Slide 17: Key Performance Indicators
Key Performance Indicators Sales EBITDA ₹ 3290 Cr ₹ 597 Cr • Strong growth across business segments $ 426 Mn $ 77 Mn • Improved Profitability + 26% over FY21 + 17% over FY21 • Strategically maintained higher inventories considering uncertain external OCF / EBITDA *FCF/ PAT environment and higher CAP
Slide 18: Unbroken Dividend Record Since Inception
Unbroken Dividend Record Since Inception $ 33 Mn CUMI Standalone PAT (Rs. Cr) Dividend Payout 254 191 184 166 $ 18 Mn 143 116 122 32% 26% 36% 31% 34% 26% 30% FY16 FY17 FY18 FY19 FY20 FY21 FY22 Rs per Share Interim 1.50 1.00 1.00 1.50 2.75 1.50 1.50 Final - 0.75 1.25 1.25 - 1.50 2.00 Total Dividend 1
Slide 19: Legacy of Value Creation
Legacy of Value Creation 31st Mar 2020 – 31st Mar 2022 Total Shareholder Returns over period depicted above*: 262% *TSR = (Gains in share price + dividends) / Purchase price 19
Slide 20: Acquired Awuko Abrasives, Germany
Acquired Awuko Abrasives, Germany 20
Slide 21: Acquired Pluss Advanced Technologies P Ltd, Gurugram, India
Acquired Pluss Advanced Technologies P Ltd, Gurugram, India 21
Slide 22: Acquired Rhodius Abrasives, Germany
Acquired Rhodius Abrasives, Germany 22
Slide 23: WFA Expansion Project at Edappally
WFA Expansion Project at Edappally • Installation of 2000 TPM refractory grain processing plant completed • Full scale operations commenced from May 2022 Plant 2 New Description GP GP Foot print (Area in m2) 830 225 Monthly production (Qty 2500 2000 in MT) Foot print (In m2/Ton) 0.332 0.113 23
Slide 24: New Products
New Products @ This precentaton/document strltly confidential ands the sole property of CUM cannot be photographed, publshed, copied or dseminated in ay form without pir writen consent from CUM 2 |
Slide 25: Sustainability Goals 2025
Sustainability Goals 2025 25
Slide 26: Renewables at CUMI
Renewables at CUMI $ Solar Technology + Green Energy + Energy Savings In 1 Year, across CUMI 4,81,813 Rs.42 Lac Units Generated till 07th July 2022 Equivalent Consumption of Energy 6 1.32 MWp from cleaner source (at current EB Tariff) Plants Commissioned Capacity Installed ~200 Tons ~5000 trees of C
Slide 27: “Best Managed” Companies Award by Deloitte India
“Best Managed” Companies Award by Deloitte India 27
Slide 28: Industry Excellence Award
Industry Excellence Award Industry Excellence Award from Dr. Mahendra Nath Pandey, Minister of Heavy Industries, Govt. of India 28
Slide 29: GITA Technology Award 2021 in the ‘Large Enterprise’ Category
GITA Technology Award 2021 in the ‘Large Enterprise’ Category 29
Slide 30: Sustainability Rating by Ecovadis
Sustainability Rating by Ecovadis 30
Slide 31: The Business environment - globally
The Business environment - globally • The Russia-Ukraine conflict has had a global impact • Rising interest rates and inflation • Volatile Commodity prices • High energy and fuel prices • Shifting political realities – Europe, Sri Lanka, Africa • High cost stock with companies, unable to pass on cos
Slide 32: Consolidated Results : Q1 FY 23
Consolidated Results : Q1 FY 23 Gross Sales* PBT PAT Q1 Financial Year 22-23 ₹ 1129 Cr ₹ 112 Cr ₹ 79 Cr + 60% QoQ + 6% QoQ + 2% QoQ Abrasives** Electro-minerals** Ceramics & Refractories** Sales EBIT Sales EBIT Sales EBIT ₹ 513 Cr ₹ 18 Cr ₹ 406 Cr ₹ 59 Cr ₹ 243 Cr ₹ 58 Cr + 88 % QoQ - 53% QoQ + 41%
Slide 33: Standalone Results : Q1 FY 23
Standalone Results : Q1 FY 23 Gross Sales* PBT PAT Q1 Financial Year 22-23 ₹ 600 Cr ₹ 96 Cr ₹ 73 Cr + 29% QoQ + 18% QoQ + 16% QoQ Abrasives** Electro-minerals** Ceramics & Refractories** Sales EBIT Sales EBIT Sales EBIT ₹ 269 Cr ₹ 32 Cr ₹ 179 Cr ₹ 30 Cr ₹ 193 Cr ₹ 45 Cr + 20 % QoQ - 7% QoQ + 34% QoQ
Slide 34: Thank You
ox murugappa “ye. THANK YOU photograched, published, copied ar dissemi
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