Sandur Manganese & Iron Ores Ltd · NSE:SANDUMA
Sandur Manganese & Iron Ores — The Sandur Manganese & Iron Ores — Q2 FY2025 Earnings Presentation
24 slides from Sandur Manganese & Iron Ores's earnings presentation, Nov 13, 2024
Slide 1: Cover letter to stock exchanges
(An ISO 9001:2015; ISO 14001:2015 and 45001:2018 certified company) CIN:L85110KA1954PLC000759; Website: www.sandurgroup.com REGISTERED OFFICE CORPORATE OFFICE ‘SATYALAYA’, No.266 ‘SANDUR HOUSE’, No.9 Ward No.1, Palace Road Bellary Road, Sadashivanagar Sandur – 583 119, Ballari District Bengaluru – 5
Slide 2: Forging a new path: From Mines to Metals - Q2FY25 Earnings Presentation
THE SANDUR MANGANESE & IRON ORES LIMITED new NSE: SANDUMA | BSE: 504918 BLOOMBERG: SANDUMA:IN FORGING A path: FROM MINES TO METALS Q2FY25 E a r n i n g s P re s e n t a t i o n NOVEMBER 2024
Slide 3: SMIORE at a Glance
ABOUT S MIORE EARNINGS PRESENTATION SMIORE at a Glance 7 DECADES 3rd LARGEST 3rd LARGEST A+ (STABLE) 2,499* As one of the most respected Manganese Iron ore miner in ICRA RATING & CRISIL A/POSITIVE RATED SMIORE family private sector merchant miners ore miner in India Karnataka Robust credit rating fo
Slide 4: Evolution of the lease area over time
Mining Leases ABOUT S MIORE (Deogiri, Kammathuru, EARNINGS PRESENTATION Subbarayanahalli and Ramghad) Operational Units Ferroalloy Plant, Power Plant, Coke Oven Plant (Vyasankere) EVOLUTION OF THE LEASE AREA OVER TIME Ballari and Vijayanagara Districts, Karnataka sandurgroup.com 1994 3,215 HA Ramgha
Slide 5: Transforming Business Canvas (FY20-FY22)
ABOUT S MIORE EARNINGS PRESENTATION Transforming Business Canvas MINING FERROALLOYS POWER COKE AND ENERGY TRAITS Mining Ferroalloys Coke and Energy Others FY20 AND BEFORE REVENUE CONTRIBUTION PBT CONTRIBUTION FY18-20 (%) FY18-20 (%) Asset light, cash generating mining operations coupled with margina
Slide 6: Transforming Business Canvas (FY23-FY24)
ABOUT S MIORE EARNINGS PRESENTATION Transforming Business Canvas MINING FERROALLOYS POWER COKE AND ENERGY TRAITS Mining Ferroalloys Coke and Energy REVENUE CONTRIBUTION (%) PBT CONTRIBUTION (%) FY23 sandurgroup.com 1.60 MTPA 0.28 MTPA 95,000/ 1,25,000 TPA 0.50 MTPA 32 MW Iron Ore Manganese Ore Ferro
Slide 7: Values that Drive Us
ABOUT S MIORE EARNINGS PRESENTATION Values Some of SMIORE’s Successful Employee Welfare Programs Food Security: A food package for a family of 5 costs ₹ 145 against actual cost of ~₹4,300, balance being absorbed by the Company. Subsidized LPG Cylinder: SMIORE provides subsidised LPG cylinders to a l
Slide 8: Mining – Our Mainstay
BUS IN ES S VERTICALS REVIEW EARNINGS PRESENTATION Mining – Our Mainstay MANGANESE ORE MANGANESE ORE MINING OPERATIONS Capacity (MTPA) 0.32 0.28 0.28 0.28 0.28 Mn Enhancement 0.22 0.20 0.21 0.20 0.20 Capacity enhanced for manganese ore production sandurgroup.com from 0.28 MTPA to 0.46 MTPA, and furt
Slide 9: Ferroalloys – New and Improved FY22 Onwards
BUS IN ES S VERTICALS REVIEW EARNINGS PRESENTATION CAPACITIES Ferroalloys – New and Improved FY22 Onwards Turnaround of Ferroalloys operations in Achieved a shift towards cleaner sources of 95,000/ FY21 through feasible power generation energy such as Waste Heat & Green Energy against previously use
Slide 10: Coke and Energy – Strengthening Operations
BUS IN ES S VERTICALS REVIEW EARNINGS PRESENTATION Coke and Energy – Strengthening Operations 0.5 MTPA 32 MW Coke Oven Plant Waste Heat Recovery Boilers (WHRB) sandurgroup.com 0.5 MTPA 32 MW 4 Batteries with a cumulative 2 Waste Heat Recovery Boilers with capacity of 0.5 MTPA a cumulative capacity o
Slide 11: Strategic Business Acquisition
KEY T RAN S ACTION DET AILS EARNINGS PRESENTATION Strategic Business Acquisition Strategic business acquisition of Arjas Steel Private Limited (Arjas) by SMIORE Announced on 25 April 2024 & transaction closure on 11 November 2024 Share Purchase Bought ~99% sandurgroup.com ~₹ 3,000 Crore EV Arjas has
Slide 12: About Arjas Steel
ABOUT ARJAS S TEEL EARNINGS PRESENTATION Leading Independent Player in A speciality steel company Integrated manufacturer a Specialised Industry focused on high quality auto grade Special Bar Quality from coke, sinter, hot metal & billets, to value-add bars (SBQ) steel & bright bars Snapshot Amongst
Slide 13: Superior Business Profile
To be strengthened further Strengthening S UPERIOR BUS IN ES S PROFIL E EARNINGS PRESENTATION Highest-possible integration in the industry SMIORE will aid sourcing of key RM for Arjas Limited distance an Already Robust Business between SMIORE-Arjas Customers (~250 km) and both sites are equipped wit
Slide 14: Rationale for the Acquisition
IN VES TMEN T RAT ION ALE EARNINGS PRESENTATION Rationale for the Acquisition Acquired a business over an asset Thriving i.e., superior growth & profitability metrics sandurgroup.com Well-managed i.e., seasoned management team & CXOs Quality facility i.e., technically- advanced facility with good SO
Slide 15: Recent Milestones
MILES TON E S EARNINGS PRESENTATION Recent Milestones sandurgroup.com April June September December January February April August September October November 2023 2023 2023 2023 2024 2024 2024 2024 2024 2024 2024 Received Commissioned SMIORE was Announced Commenced exports Received enhanced Announced
Slide 16: Investment Rationale
CON CLUS ION EARNINGS PRESENTATION Investment Rationale sandurgroup.com Strong Company Disciplined Balance Sheet With a Heart Capital Allocation Robust balance sheet with Adhering to the highest standards of Guided by strong moderate leverage corporate governance and sustainability parentage Stable
Slide 17: Key Performance Indicators
FIN AN CIALS REVIEW EARNINGS PRESENTATION Key Performance Indicators REVENUE, EBITDA EBITDA MARGINS PBT & PAT (₹ IN CRORE) (IN %) (₹ IN CRORE) 2,249 915 2,126 44% 34% 38% 675 30% 1,252 1,009 21% 359 324 sandurgroup.com 747 250 271 592 238 451 402 175 147 154 201 289 FY20 FY21 FY22 FY23 FY24 FY20 FY2
Slide 18: Q2FY25 Operational Highlights
Q2FY25 PERFOR M AN C E H IGH LIGH T S EARNINGS PRESENTATION Q2FY25 Operational Highlights MANGANESE ORE IRON ORE FERROALLOYS COKE Production 0.81 Lakh Tonne 10.91 Lakh Tonne 7,055 Tonne 27,544 Tonne Sales 0.19 Lakh Tonne 6.06 Lakh Tonne 5,944 Tonne 6,794 Tonne sandurgroup.com YoY Sales Volume (64%)
Slide 19: Q2FY25 Segment Highlights
Q2FY25 PERFOR M AN C E H IGH LIGH T S EARNINGS PRESENTATION Q2FY25 Segment Highlights MANGANESE ORE OPERATIONAL PERFORMANCE IRON ORE OPERATIONAL PERFORMANCE (Lakh Tonne & ₹/Tonne) (Lakh Tonne & ₹/Tonne) 8,147 8,047 8,530 12.00 4,746 1.20 4,337 7,449 7,107 3,679 1.00 10.00 3,578 10.73 7.40 2,997 0.80
Slide 20: Q2FY25 Financial Highlights
Q2FY25 PERFOR M AN C E H IGH LIGH T S EARNINGS PRESENTATION Q2FY25 Financial Highlights sandurgroup.com Capital Total Income EBITDA PAT Structure Growth (YoY) 41% 13% 22% ₹285 CRORE ₹62 CRORE Growth (QoQ) (54%) (71%) (78%) Margin 22% 11% Total Income EBITDA Margins Expansion/ (532 bps) (176 bps) (Co
Slide 21: H1FY25 Financial Highlights
Q2FY25 PERFOR M AN C E H IGH LIGH T S EARNINGS PRESENTATION H1FY25 Financial Highlights sandurgroup.com Capital Total Income EBITDA PAT Structure Growth (YoY) 56% 110% 170% ₹910 CRORE ₹276 CRORE Margin Margins 30% 20% Total Income EBITDA Expansion/ 785 bps 828 bps (Contraction) (YoY) ₹178 CRORE ₹2,3
Slide 22: Q2FY25 Management Commentary
Q2FY25 PERFOR M AN C E Mining Mining Expansion Strategic Business Acquisition EARNINGS PRESENTATION H IGH LIGHTS The second quarter of mining operations under Following the MPAP expansion for iron ore in Based on the recent announcements, the Management the new Maximum Permissible Annual Production
Slide 23: Corporate Information
Q2FY25 PERFOR M AN C E H IGH LIGH T S SHAREHOLDING SUMMARY EARNINGS PRESENTATION Corporate (IN %) 23.33 74.22 Public Information Promoters 2.45 FII + DII sandurgroup.com Shareholding Data as on 30 September 2024. Data rounded-off where necessary. ₹435 ₹635/243 ₹7,049 CRORE Current Market Price 52 We
Slide 24: Safe Harbor
Safe Harbor THE SANDUR MAN THE SANDUR MANGANESE & IRON ORES LIMITED This document which has been prepared by The Sandur Manganese & Iron Ores Limited (the “Company”, “SMIORE”), Get in touch solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or s
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