Maithan Alloys Ltd. · NSE:MAITHANALL
Maithan Alloys — Q2 FY22 Earnings Presentation
28 slides from Maithan Alloys's earnings presentation, November 2021
Slide 1: Covering letter to stock exchanges
ISO 9001 : 2008 COMPANY Regrstered Office ldeal Centre, 4th Floor t 9 A.J C Bose Road, Kolkata - 700 017 T (033) 4063 2393 F (033) 2290 0383 E offi ce@maithanalloys.com W www maithanalloys.com 24th November,2021 CIN : 127101W81 985P1C039503 u2) The Secretary Listing Department The Calcutta Stock Exc
Slide 2: Investor Presentation November 2021
Investor Presentation November 2021
Slide 3: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Maithan Alloys 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 securi
Slide 4: Vision Values Mission
VISION MISSION VALUES To be India’s premiere Alloy Company ▪ Commitment To be India’s premiere Alloy Company that is built on the solid foundation of shareholder trust, customer commitment, ▪ Promising Excellent Shareholder Value ▪ Loyalty employee satisfaction and sustainable communities ▪ Nurturin
Slide 5: Maintaining the Maithan Edge
Maintaining the Maithan Edge
Slide 6: Key Differentiators
Key Differentiators Optimising Facilities Efficiency Strong Credibility Diversified for Maximising Expansion Plans Customer Base Returns International clients across 35 Lowest in the Cost Curve Source raw materials based on Strong credibility in the countries our product mix which largely Organic &
Slide 7: Maithan Edge
Maithan Edge Largest Manufacturer 20 Years Rich Experience Niche Products Robust Balance Sheet Net Cash Company Basket of the most Credit Rating: India’s largest Manganese Two decades of CARE AA Alloy Producer and experience and valuable Techno- CRISIL AA Exporter continuous growth Commercial Produc
Slide 8: Product Offerings
Product Offerings Ferro alloys enhance steel strength, durability, anti-corrosion and anti-stain properties and acts as de-oxidant for Steel Manufacturing Ferro Manganese Ferro Silicon Silicon Manganese • An alloy of iron and manganese • An alloy of iron and silicon • An alloy of silicon and mangane
Slide 9: State of the Art Manufacturing Facilities
State of the Art Manufacturing Facilities Kalyaneshwari Visakhapatnam (SEZ) 48.75 MVA Byrnihat 72.0 MVA 16.5 MVA • Smelters: 2 x 5.0 MVA ; 1 x 6.5 MVA; 1 x 8.25 MVA ; • Smelters: 2 x 8.2 MVA • Smelters: 4 x MVA 18.0 MVA 2 x 12.0 MVA • Products: Ferro Silicon • Products: Ferro Manganese/ Silicon • Pr
Slide 10: Self Sustaining Business Model
Self Sustaining Business Model Input of sized and graded Raw Material We have an ability to generate a Larger Throughput Feed in day bins through conveyors from our manufacturing facilities Automated Batch preparation and Charge into Furnace Reaction in furnace and discharge of Discharge of Ferro Ma
Slide 11: Strong Client Relationships
Strong Client Relationships Association with SAIL and JSL being more than a decade Shift of focus from ‘Stable’ Europe to ‘Growing’ Asia helping in better realizations ~100% of Domestic clients are associated with the Company for over 7 years 75% Repeat Clients Long term relationships with clients o
Slide 12: Asian Economies to drive the Global Steel Demand
Asian Economies to drive the Global Steel Demand Global Steel Demand 2022 Forecast : 1,896.4 Mn T EU+UK USMCA {167.4 Mn T} CIS {136.5 Mn T} 5.5%(g) {61.7 Mn T} 5.4%(g) 3.0%(g) China {985.1 Mn T} It caters 74% of 0%(g) Global Steel demand Asia Ex- China, Avg. rate of growth is Oceania & expected to b
Slide 13: Advantage India
Advantage India 100 % FDI allowed in the 2021 Budget outlay of ~ Rs. 5.54 lakh crore in infrastructure to ‘Housing For All’ to drive mining sector & exploration housing demand thereby of metal & non-metal ores drive domestic steel consumption benefitting steel industry under the Automatic Route Anti
Slide 14: Advantage Maithan
Advantage Maithan Alloy Producers to benefit from NSP 2017 Why Advantage Maithan… Per Capita Capacity (Mn MT) Production (Mn MT) Consumption (kg) Operating Better Product Strong Customer Efficiency Mix Relationships CAGR +6% CAGR +7% CAGR +7% 300 255 158 122 92 61 Gaining Market Share Globally and D
Slide 15: Strong Leadership Team
Strong Leadership Team… Mr. S. C. Agarwalla Mr. Subodh Agarwalla Mr. Sudhanshu Agarwalla Chairman and Managing Director Whole Time Director and CEO President and CFO • 30 years of rich experience in Ferro Alloys industry • B.Tech from IIT BHU and M.B.A. from IIM Bangalore • M.B.A. from XLRI Jamshedp
Slide 16: … with an Experienced Board
… with an Experienced Board Mr. S. C. Agarwalla Mr. Subodh Agarwalla Mr. Nand Kishore Agarwal Mr. Ashok Bhandari (Chairman and Managing Director) (Whole Time Director and CEO) (Independent Director) (Independent Director) • 30 years of rich experience in Ferro Alloys industry • B.Tech from IIT BHU a
Slide 17: Update on Auction of Impex Metal & Ferro Alloys Limited (IMFAL)
Update on Auction of Impex Metal & Ferro Alloys Limited(IMFAL) ➢ The company emerged as a successful bidder for IMFAL having a capacity of 49,500 ton per annum of Silico Manganese located at Bobbli, Vizaianagram, Andhra Pradesh. A sum of about Rs. 140 crore is estimated to fully rehabilitate the pro
Slide 18: Financials
maithan alloys ltd eee Financials
Slide 19: Consolidated Financial Highlights – Q2 FY22
Consolidated Financial Highlights – Q2 FY22 Total Revenue Operating EBITDA PAT 17.3% 24.9% 33.3% 13.4% 19.8% 24.6% +63% +213% +199% 666 222 164 566 +18% 409 141 +57% 112 +46% 71 55 Q2 FY21 Q1 FY22 Q2 FY22 Q2 FY21 Q1 FY22 Q2 FY22 Q2 FY21 Q1 FY22 Q2 FY22 Mfg. Revenue Mfg. EBITDA 17.8% 28.6% 37.6% +46%
Slide 20: Consolidated Financial Highlights – H1 FY22
Consolidated Financial Highlights – H1 FY22 Total Revenue Operating EBITDA PAT 16.6% 29.4% 13.4% 22.4% +83% +223% +206% 1,232 363 276 675 112 90 H1 FY21 H1 FY22 H1 FY21 H1 FY22 H1 FY21 H1 FY22 Mfg. Revenue Mfg. EBITDA 17.4% 33.5% +65% +218% 1,064 356 644 112 H1 FY21 H1 FY22 H1 FY21 H1 FY22 Rs. Crs M
Slide 21: Maintaining Sustainable Margins
Maintaining Sustainable Margins Manufacturing EBITDA Operating EBIT Manufacturing PBT Manufacturing EBIT 33.5% 32.7% Long-term sustainable Manufacturing EBIT margin 32.6% range is ~14% 28.8% 22.2% 22.5% 20.3% 19.1% 19.2% 20.5% 16.0% 18.6% 18.2% 18.4% 19.2% 13.1% 16.4% 18.1% 18.3% 17.1% 15.4% 12.2% 1
Slide 22: Doing Profitable Business is the key…
Doing Profitable Business is the key… Debt & Liquid Assets Operating RoCE (%) The Company proposes to incorporate a wholly owned subsidiary to take Higher Return Ratio is because of prudent capital allocation and superlative operating up the announced expansion project, primarily for manganese based
Slide 23: Consolidated Financials – Q2 & H1 FY22
Consolidated Financials – Q2 & H1 FY22 Particulars (Rs. Crs.) Q2 FY22 Q2 FY21 Q1 FY22 H1 FY22 H1 FY21 Revenue 666 409 566 1,232 675 Raw Material 265 213 279 544 341 Employee Expenses 19 10 14 33 18 Power 92 92 84 175 160 Other Expenses 69 23 48 117 43 Operating EBITDA 222 71 141 363 112 Depreciation
Slide 24: Consolidated Profit & Loss Statement (Full Year Highlights)
Consolidated Profit & Loss Statement (Full Year Highlights) Particulars (Rs. Crs.) FY21 FY20 FY19 FY18 FY17 Revenue (Net of Excise Duty/ GST) 1,620 1,831 1,988 1,879 1,342 Raw Material 841 1,067 1,126 970 628 Employee Expenses 41 42 44 45 33 Power 332 361 373 367 280 Other Expenses 114 128 122 121 1
Slide 25: Consolidated Balance Sheet as on 30th September, 2021
Consolidated Balance Sheet as on 30th September, 2021 Particulars (Rs. Crs.) Sep-21 Mar-21 Particulars (Rs. Crs.) Sep-21 Mar-21 Equity 1,798.9 1,521.3 Non-Current Assets 253.2 248.2 Equity share capital 29.1 29.1 Property, plant and equipment 173.2 182.0 Other Equity 1,770.0 1,492.5 Capital Work-in-
Slide 26: Consolidated Cashflow Statement
Consolidated Cashflow Statement Particulars (Rs. Crs.) Sep-21 Sep-20 Net Profit Before Tax 371.3 115.6 Adjustments for: Non Cash Items / Other Investment or Financial Items -2.4 -9.6 Operating profit before working capital changes 368.9 106.0 Changes in working capital -205.5 98.5 Cash generated fro
Slide 27: Performance Snapshot
Performance Snapshot Operating Income (Rs. Crs.) EBITDA (Rs. Crs.) EBIT (Rs. Crs.) 1,232 363 355 988 1,026 962 956 945 903 875 793 675 201 208 201 180 188 172 549 169 166 156 161 159 148 125 112 117 108 100 104 50 38 H1FY17 H2FY17 H1FY18 H2FY18 H1FY19 H2FY19 H1 FY20 H2 FY20 H1 FY21 H2 FY21 H1 FY22 H
Slide 28: Thank You
THANK YOU Contact Details: Investor Relations Advisors Company Strategic Growth Advisors Pvt. Ltd. Maithan Alloys Ltd. CIN: U74140MH2010PTC204285 CIN: L27101WB1985PLC039503 Mr. Rahul Agarwal/ Ms. Khushbu Shah Mr. Rajesh K. Shah rahul.agarwal@sgapl.net / khushbu.shah@sgapl.net rajesh@maithanalloys.co