Maithan Alloys Ltd. · NSE:MAITHANALL
Maithan Alloys — Investor Presentation (2023)
27 slides from Maithan Alloys's investor presentation, 2023
Slide 1: Maithan Alloys Limited Investor Presentation FY 2023
MAITHAN ALLOYS LIMITED Leading Manufacturer & Exporter of Ferro & Manganese Alloys Investor Presentation FY 2023
Slide 2: 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 3: Vision, Mission, Values
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 4: Maintaining the Maithan Edge
Maintaining the Maithan Edge
Slide 5: 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 6: 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 7: Maithan – Over the years
Maithan – Over the years • 2021: New Plant acquired of Impex Metals & Ferro Alloys at Bobbili, Andhra Pradesh • 2022: Maithan Ferrous Pvt. Ltd. (Subsidiary 1995 2005-07 2016 company of Maithan Alloys Limited) received • 3rd Plant at Vishakhapatnam environment clearance for installation of ferro inau
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: Expanding through Acquisition
Expanding through Acquisition Impex Metals & Ferro Alloys Limited, Wholly Owned Subsidiary Quick Facts about IMPEX Maithan Alloys acquired IMPEX, through NCLT/IBC-Liquidation proceedings upon cancellation of existing equity shares of Production Capacity of IMPEX 46,900 tonnes per annum Products Manu
Slide 11: 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 12: 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 13: Asian Economies to drive the Global Steel Demand
Asian Economies to drive the Global Steel Demand Global Steel Demand 2024 Forecast : 1,854.0 Mn T. EU+UK USMCA {159.8 Mn T} CIS, Russia & {138.1 Mn T} 5.6%(g) Ukraine 2.3%(g) {49.3 Mn T} China -4.3%(g) {939.3 Mn T} It caters 74% of 0%(g) Global Steel demand Asia Ex- China, Avg. rate of growth is Oce
Slide 14: Advantage India
Advantage India 100 % FDI allowed in the 2023-24 Budget outlay of ~ Rs. 10 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 Ant
Slide 15: 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 16: 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 • 32 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 17: … 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) • 32 years of rich experience in Ferro Alloys industry • B.Tech from IIT BHU a
Slide 18: Financials
maithan ali Itd eee Financials
Slide 19: Consolidated Financial Highlights – FY23
Consolidated Financial Highlights – FY23 Total Revenue Operating EBITDA PAT -4% 35.7% 20.3% 27.3% 17.3% 2,993 2,885 -45% -39% 1,068 818 586 499 FY22 FY23 FY22 FY23 FY22 FY23 Mfg. Revenue Mfg. EBITDA 37.8% 20.8% 0% 2,766 2,760 -45% 1,044 575 FY22 FY23 FY22 FY23 Rs. Crs Margin 19
Slide 20: Maintaining Sustainable Margins
Maintaining Sustainable Margins Manufacturing EBITDA Operating EBIT Manufacturing PBT Manufacturing EBIT 37.8% 37.1% 37.1% Long-term sustainable Manufacturing EBIT margin range is ~14% 35.1% 22.5% 19.2% 20.8% 20.5% 20.3% 18.6% 20.1% 16.4% 18.2% 19.2% 13.1% 18.1% 20.0% 17.1% 19.6% 16.0% 15.4% 12.0% 1
Slide 21: Doing Profitable Business is the key…
Doing Profitable Business is the key… Debt & Liquid Assets Operating RoCE (%) • The Company has incorporated a wholly owned subsidiary Maithan Ferrous Private Limited(MFPL) to take up the announced expansion project, Higher Return Ratio is because of prudent capital allocation and superlative operat
Slide 22: Consolidated Financials – Q4 FY23
Consolidated Financials – Q4 FY23 Particulars (Rs. Crs.) Q4 FY23 Q4 FY22 Q3 FY22 Revenue 535 837 685 Raw Material 260 296 378 Employee Expenses 15 23 12 Power 128 108 143 Other Expenses 43 99 106 Operating EBITDA 89 311 46 Depreciation 5 5 5 Operating EBIT 84 306 41 Other Income 43 11 51 Finance cos
Slide 23: Consolidated Profit & Loss Statement (Full Year Highlights)
Consolidated Profit & Loss Statement (Full Year Highlights) Particulars (Rs. Crs.) FY23 FY22 FY21 FY20 FY19 FY18 Revenue (Net of Excise Duty/ GST) 2,885 2,992 1,620 1,831 1,988 1,879 Raw Material 1,368 1,151 841 1,067 1,126 970 Employee Expenses 66 84 41 42 44 45 Power 525 375 332 361 373 367 Other
Slide 24: Consolidated Balance Sheet as on 31st March, 2023
Consolidated Balance Sheet as on 31st March, 2023 Particulars (Rs. Crs.) Mar-22 Mar-22 Particulars (Rs. Crs.) Mar-23 Mar-22 Equity 2,805.3 2,323.8 Non-Current Assets 356.4 361.2 Equity share capital 29.1 29.1 Property, plant and equipment 231.6 239.6 Capital Work-in-Progress 2.5 0.3 Other Equity 2,7
Slide 25: Consolidated Cashflow Statement
Consolidated Cashflow Statement Particulars (Rs. Crs.) March-23 March-22 Net Profit Before Tax 636.8 1,082.3 Adjustments for: Non Cash Items / Other Investment or Financial Items -30.4 1.4 Operating profit before working capital changes 606.4 1083.7 Changes in working capital 498.7 -576.8 Cash gener
Slide 26: Performance Snapshot
Performance Snapshot Operating Income (Rs. Crs.) EBITDA (Rs. Crs.) EBIT (Rs. Crs.) 1,760 705 696 1,665 1,232 1,220 450 440 988 962 1,026 903 956 945 363 355 875 675 208 180 201 169 166 156 161 159 148 172 125 108 112 136 117 104 126 100 H1FY18 H2FY18 H1FY19 H2FY19 H1 FY20 H2 FY20 H1 FY21 H2 FY21 H1
Slide 27: Thank You
THANK YOU Contact Details: Company Maithan Alloys Ltd. CIN: L27101WB1985PLC039503 Mr. Rajesh K. Shah rajesh@maithanalloys.com www.maithanalloys.com