Maithan Alloys Ltd. · NSE:MAITHANALL
Maithan Alloys — FY2021 Earnings Presentation
25 slides from Maithan Alloys's earnings presentation, May 2021
Slide 1: Cover letter to stock exchanges
ISO 9001 : 2008 COMPANY Registered Office : ldeal Centre, 4th Floor , 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 clN : tzztotwBi gSsPlco3gso3 13nMay,2021. 11 2l The Secretary Listing Department The Calcutta Stock Exc
Slide 2: Investor Presentation May 2021
Investor Presentation May 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 : 1,924.6 Mn T EU+UK USMCA g:4.8% CIS g:4.6% g:3.2% It caters 75% of Global Steel demand Asia, Avg. rate of growth is Oceania & expected to be in AFRICA Middle East Asia Ex-China Growth is the range g:5.9% g:2.1% expe
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: Financials
maithan alloys Itd eee Financials
Slide 18: Maintaining Sustainable Margins
Maintaining Sustainable Margins Manufacturing EBITDA Operating EBIT Manufacturing PBT Manufacturing EBIT 22.5% 22.2% 20.3% 19.1% 20.5% 19.2% 18.6% 18.2% 18.4% 19.2% 16.0% 18.1% 18.3% 16.4% 17.1% 13.1% 15.4% Long-term sustainable Manufacturing EBIT margin 12.2% range is ~14% 11.8% 12.0% FY17 FY18 FY1
Slide 19: 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 20: Consolidated Financials – Q4 FY21
Consolidated Financials* – Q4 FY21 Particulars (Rs. Crs.) Q4 FY21 Q4 FY20 Q3 FY21 Revenue 499 406 446 Raw Material 246 219 253 Employee Expenses 13 11 10 Power 83 81 89 Other Expenses 46 42 25 Operating EBITDA 111 54 69 Depreciation 4 4 4 Operating EBIT 107 50 65 Other Income 6 30 6 Finance costs 1
Slide 21: 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
Slide 22: Consolidated Balance Sheet as on 31st March, 2021
Consolidated Balance Sheet as on 31st March, 2021 Particulars (Rs. Crs.) Mar-21 Mar-20 Particulars (Rs. Crs.) Mar-21 Mar-20 Equity 1,521.3 1,292.8 Non-Current Assets 248.2 264.7 Equity share capital 29.1 29.1 Property, plant and equipment 182.0 194.9 Capital Work-in-Progress 0.0 1.1 Other Equity 1,4
Slide 23: Consolidated Cashflow Statement
Consolidated Cashflow Statement Particulars (Rs. Crs.) Mar-21 Mar-20 Net Profit Before Tax 299.5 279.3 Adjustments for: Non Cash Items / Other Investment or Financial Items -6.1 -36.7 Operating profit before working capital changes 293.4 242.6 Changes in working capital -117.5 -236.9 Cash generated
Slide 24: Performance Snapshot
Performance Snapshot Operating Income (Rs. Crs.) EBITDA (Rs. Crs.) EBIT (Rs. Crs.) 988 1,026 208 201 962 956 945 201 188 903 875 180 172 793 169 166 161 159 156 148 675 125 117 549 108 112 104 100 50 38 H1FY17 H2FY17 H1FY18 H2FY18 H1FY19 H2FY19 H1 FY20 H2 FY20 H1 FY21 H2 FY21 H1FY17 H2FY17 H1FY18 H2
Slide 25: 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