Mmp Industries Ltd. · NSE:MMP
Mmp Industries — FY2024 Earnings Presentation
25 slides from Mmp Industries's earnings presentation, May 25, 2024
Slide 1: Filing cover letter to NSE
Saturday, 25th May, 2024 The Manager, Listing Department, National Stock Exchange of India Limited “Exchange Plaza”, C - 1, Block G, Bandra –Kurla Complex, Bandra(East), Mumbai– 400051 MH IN Sub: Investors Presentation for the Audited Financial Results of the Company for the Quarter and Year (Q-4)/F
Slide 2: Leadership & Excellence in Aluminium - Investor Presentation
Leadership & Excellence In Aluminium INVESTOR PRESENTATION May 2024 1
Slide 3: Agenda
Agenda 1 About MMP Industries 2 Business/Industry Overview 3 Financial Overview 4 Investment Rationale © 2023 MMP Industries Limited, All Rights Reserved. 2
Slide 4: About MMP Industries Limited (MMPIL)
About MMP Industries Limited (MMPIL) 3
Slide 5: MMPIL At A Glance
MMPIL At A Glance Leading manufacturer of Association with Global aluminium powders, Industry leader “Toyo Pioneer in AAC Block aluminium foils and aluminium Aluminium K.K. Japan” segment conductors / cables in construction industry with an would help in moving up the value extensive range of alumin
Slide 6: Valuable Partners
Valuable Partners MMPIL Promoter Holding: 74.48% | Public Holding: 25.52% STAR CIRCLIPS & ENGINEERING LTD. MMPIL Holding: 26.06% | Promoter Holding: 73.94% Largest manufacturer of Circlips, retaining rings and carbon steel fasteners in India Portfolio of 800+ products supplied to the Global Auto
Slide 7: Leadership Team
Leadership Team Mr. ARUN BHANDARI Mr. MAYANK BHANDARI Mrs. SAKSHI BHANDARI Managing Director Director Member of Promoter Group Mr. Arun Bhandari, aged 69 years, is a B. Mr. Mayank Bhandari, aged 37 years, is Mrs. Sakshi Bhandari, aged 36 years, is Tech in Chemical Engineering from son of Promoter Sh
Slide 8: Milestones
Milestones Technical know- First atomizer ISO 9001 Sales cooperation Setting up of the Joint venture Migrated to Main Received how agreement commissioned certification with AVL Aluminium Agreement with Board to NSE significant with AVL (Belgium) for Conductor Toyo Aluminium approvals from Belgium va
Slide 9: Manufacturing Units
Manufacturing Units 3 manufacturing facilities located near Nagpur, Capacity (MTPA) Maharashtra Division Installed FY24 Upcoming FY25 Total Powders Atomised 12,000 -- 12,000 Unit I – Maregaon, Dist. Bhandara (aluminum powders and aluminum conductors / cables) Pyro & Flakes 12,500* 4,300# 16,800 Leaf
Slide 10: Product Portfolio
Product Portfolio ALUMINIUM ALUMINIUM POWDERS ALUMINIUM FOILS CONDUCTORS/CABLES CAPACITY : 24,800 MTPA CAPACITY : 12,000 MTPA CAPACITY : 7,200 MTPA Revenue Share: 67%* Revenue Share: 18.45%* Revenue Share: 13.57%* End Grade wise User Revenue Share OTHERS Explosives/Mining 34% HOME FOILS/CONTAINERS R
Slide 11: Marquee Customers - Powders
Marquee Customers - Powders Sumitomo Chemical © 2023 MMP Industries Limited, All Rights Reserved. 10
Slide 12: Marquee Customers - (Foils)
Marquee Customers - (Foils) © 2023 MMP Industries Limited, All Rights Reserved. 11
Slide 13: Business & Industry Overview
Business & Industry Overview 12
Slide 14: Aluminium Powders
Aluminium Powders Alumnium Powders Segment End User Industry Set up its first capacity in 1983 for aluminium powders EXPLOSIVE INDUSTRY in technical collaboration with a Belgium company Ets. It is a sensitizer in the production of explosives and Andre Van Lerberghe (now called AVL Metal Powders) pro
Slide 15: Aluminium Foils
Aluminium Foils Alumnium Foils Segment End User Industry Integrated foil project for making bare foil, PHARMACEUTICALS converted foil (coated, laminated, printed) Plain and printed blister & strip packaging in the pharma industry Building designed to enable doubling of capacities of all sections wit
Slide 16: Aluminium Conductors / Cables
Aluminium Conductors / Cables MMPIL offers transmission and distribution conductors that are used for overhead transmission of power Considering growing demand Company has set-up a forward integration capacity of Aerial Bunch Cables TOTAL INSTALLED CAPACITY 7200 MTPA © 2023 MMP Industries Limited, A
Slide 17: Financial Overview
Financial Overview 16
Slide 18: Management Commentary
Management Commentary “We are pleased to report a healthy revenue growth of 8% in FY24, despite challenging market conditions, especially subdued aluminium prices for the majority of the year. This growth has been primarily driven by a robust increase in volume across our key segments. Our EBITDA ma
Slide 19: Consolidated Financial Snapshot
Consolidated Financial Snapshot Revenue (₹Mn.) EBITDA (₹Mn.) PAT (₹Mn.) 476 5,389 5,799 316 358 213 FY23 FY24 FY23 FY24 FY23 FY24 Total Revenue at ₹5,799 mn compared to ₹5,389 mn in FY23, an increase of 8% EBITDA stood at ₹476 mn compared to ₹358 mn during FY23, an increase of 33% EBITDA Margi
Slide 20: Segmental Performance Revenue Highlights
Segmental Performance Revenue Highlights Aluminium Powders (₹Mn.) Aluminium Foils (₹Mn.) ALUMINIUM Conductors(₹mn.) 3,828 3,904 1,128 1,070 787 404 FY23 FY24 FY23 FY24 FY23 FY24 Aluminium powders revenue at ₹3,904 mn for FY24 compared to ₹3,828 mn for FY23, an increase of 2% Aluminium foils reve
Slide 21: Consolidated Income Statement
Consolidated Income Statement Particulars (₹ Mn) Q4FY24 Q3FY24 Q4FY23 FY24 FY23 Total Income 1,605 1,410 1,436 5,799 5,389 Total Expenses 1,502 1,318 1,354 6,471 5,144 EBITDA 144 133 112 478 358 EBITDA Margin (%) 9% 9% 8% 8% 7% Finance Cost (Net) 20 20 12 68 45 Depreciation 22 21 17 80 69 PBT 102 92
Slide 22: Consolidated Balance Sheet
Consolidated Balance Sheet Particulars (₹Mn) FY24 FY23 Particulars (₹Mn) FY24 FY23 ASSETS EQUITY AND LIABILITIES Non-Current Assets Shareholder's funds Property, Plants and Equipments 1,825 1,595 Share Capital 254 254 Intangible Assets 1 4 Reserves and Surplus 2,636 2,317 Capital Works in Progress 2
Slide 23: Investment Rationale
Investment Rationale 22
Slide 24: Investment Rationale
Investment Rationale Phase I and II expansions generating full revenue from Q2FY25, combined with the Phase III addition of 2500 MTPA by Q4FY25, funded largely by internal accruals, will enhance market position and export capacity to meet rising demand. A strategic overseas agreement with European C
Slide 25: Thank you
Thank you For further information, contact: Sharad Khandelwal CFO, MMP Industries Ltd E: sharadk@mmpil.com Siddesh Chawan Ernst & Young LLP, Investor Relations E: Siddesh.Chawan@in.ey.com 24