Mitsu Chem Plast Ltd · BSE:MITSU
Mitsu Chem Plast — Q3 FY2021 Earnings Presentation
38 slides from Mitsu Chem Plast's earnings presentation, Feb 3, 2021
Slide 1: Mitsuchem Plast Ltd. letter to BSE
Mitsuchem Plast Ltd. (Formerly known as Mitsu Chem Pvt. Ltd.) 329, Gala Complex, Din Dayal Upadhyay Road, Mulund (W), Mumbai - 400 080, Maharashtra, INDIA. T: + 91 22 25920055 F : + 91 22 25920077 ae E: mcpl@mitsuchem.com W : www.mitsuchem.com Mi itksus CIN : L25111MH1988PLC048925 You visualise...we
Slide 2: Investors Presentation Q3 FY21
Mitsu Chem Plast Limited Investors Presentation Q3 FY21
Slide 3: Safe Harbor Statement
Safe Harbor Statement This presentation and the accompanying slides (the “Presentation”), which have been prepared by Mitsu Chem Plast Limited (‘Mitsu Chem/Mitsu,’ the “Company”) solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe fo
Slide 4: Company Overview
■ Established in 1990 ■ Leading manufacturer of wide range of products in plastic blow molding, Company Overview Injection Molding & customized molding catering to specific customer needs Leading Manufacturer 1 The company with more than 500 plus SKU’s is today catering to more than 30 plus fortune
Slide 5: Mitsu Chem Journey
Mitsu Chem Journey 1st Manufacturing unit at Tarapur, Acquired additional land for 2nd Manufacturing unit at Maharashtra expansion at Tarapur unit Tarapur, Maharashtra 1990 1999 2007 2008 2010 2011 Acquired plant & machinery Pioneer's of Hospital Bed parts Entered the markets with of NOCIL from Reli
Slide 6: Mitsu Chem Journey
Mitsu Chem Journey Crossed Rs100cr New manufacturing plant at Khalapur Migrated to Main Board of BSE turnover in FY18 With a capacity of around 300 tons. and completed 30 years Takeover Business of Prince Multi Plast Pvt Ltd. 2018 2019 2020 2012 2016 2017 Manufacturing unit at Ventured in the capita
Slide 7: Successful Track Record For Business Acquisitions
Successful Track Record For Business Acquisitions 2008 Acquired Business plant & machinery of NOCIL (Reliance ) 2017 Acquired Business, Plant & machinery of Shree Rubber Plast Co Pvt Ltd. 2019 Takeover LBM Business Along with Plant & Machinery of Prince Multi Plast Pvt Ltd. 6
Slide 8: Strategically located Manufacturing units
Strategically located Manufacturing units UNIT 20,000 SQ.FT 01 TARAPUR (MAHARASHTRA) UNIT 36,000 SQ.FT 02 TARAPUR (MAHARASHTRA) UNIT 73,000 SQ.FT 03 KHALAPUR (MAHARASHTRA) 7
Slide 9: Molding Capabilities
Molding Capabilities BLOW MOLDING INJECTION MOLDING CUSTOME MOLDING ▪ HDPE, PP, Filled PP ▪ PE, PP, Filled PP ▪ HDPE, PP, Filled PP ▪ Pharma, Chemical, ▪ Pharma, Chemical, ▪ Pharma, Automotive, Food, Flavor & Food, Agrochemicals Hospital Bed Parts, Fragrances, Auto Filters Automotive, Agrochemicals
Slide 10: Well Equipped & Certified Plant
Well Equipped & Certified Plant All plants are well CERTIFICATIONS equipped with all types ▪ 21 CFR AS PER US FDA testing equipment's ▪ CE CERTFICATE ▪ 5-S IMPLEMENTION ▪ Drop Tester ▪ QC METHODOLOGY ▪ Hydraulic Pump ▪ ONLINE TESTING/PDI/CAPA ▪ Pneumatic Pump ▪ MEMBER OF TOGETHER FOR SUSTAINABILITY
Slide 11: Green Initiatives for Sustainable Growth
Green Initiatives for Sustainable Growth ■ Manufacture of Reusable and Recyclable Products ■ Rain Water Harvesting Systems ■ Using LED’s and Motion sensor based tube lights. ■ Transparent Polycarbonate Roof Tops ■ 100% Virgin Material ■ Certified by TFS (Together for sustainability) ■ Plantation dri
Slide 12: Key Highlights
Key Highlights Sales of Rs.139 Cr 3 Manufacturing In FY20 Facilities Installed Capacity of 43 Blow Moulding 19,200+ Metric Machines Tonnes per annum 12 Injection Moulding 500+ clients, out of Machines which more than 30 are Fortune 500 customers 600+ Employment 500+ SKU’s Generation 11
Slide 13: Emerging as a Promising Player in Plastic Moulding
MOLDED INDUSTRIAL BLOW MOLDED PACKAGING AUTOMOBILE PARTS Emerging as a Promising Player in Plastic Moulding Industry MITSU CHEM PLAST LTD. posses strong capabilities in Injection HOSPITAL INFRASTRUCTURE Molding, Blow Molding and Custom FURNITURE PARTS FURNITURE Molding. Through product innovation an
Slide 14: One of the Biggest Range of best in Quality Packaging Products
One of the Biggest Range of best in Quality Packaging Products Big Range of Small Containers & Industrial Containers 100 ML to 250 LTRS 13
Slide 15: Custom Molded Automotive Components & Fuel Tank Assemblies
INJECTION & BLOW MOLDED CUSTOM AUTOMOTIVE PARTS Custom Molded Automotive Components & Fuel Tank Assemblies 13 14
Slide 16: Pioneer's in Hospital bed & Ancillary Furniture
Pioneer’s in Hospital bed & Ancillary Furniture Import substitute product with universally approved designs 15
Slide 17: Customized Infrastructure Furniture a solution provider
Customized Infrastructure Furniture a solution provider Impressive aesthetics, robust design and durability has helped growth in this niche Business sections BUS SEAT (AC-10) PLASTIC CORNER SUPPORT CAP PLASTIC CHAIR PLASTIC STADIUM PARTS (C INFC) SEAT (C STOL) PLASTIC BABY CAR SEAT SHELL (C BSS) FRO
Slide 18: More than 30 clients of Fortune 500 serviced by us
More than 30 clients of Fortune 500 serviced by us 17
Slide 19: Customer logos
Fug We G-BASF Cipla We create chemistry ADITYA BIRLA AARTI INDUSTRIES LIMITED THERMAX OM Emcure — [iiiJMylan
Slide 20: Eminent Board of Directors
Eminent Board of Directors Mr. Jagdish Dedhia Mr. Sanjay Dedhia Mr. Manish Dedhia Chairman Jt.MD Jt.MD & CFO Mr. Jagdish, aged 59 years, is the Chairman & Mr. Manish, aged 44 years, is also the Jt. Mr. Sanjay is aged 50 years, he is the Jt. Whole-time Director of MITSU CHEM. He has Managing Director
Slide 21: Eminent Board of Directors
Eminent Board of Directors Mr. Dilip Gosar Mr. Ashish Doshi Ms. Neha Huddar Non-Executive Independent Director Non-Executive Independent Director Non-Executive Independent Director Mr. Gosar aged 53 years, is the Non-Executive Mr. Doshi aged 42 years, is the Non-Executive Ms. Huddar, aged 59 years i
Slide 22: Management Supported By Well Experienced Professional Team
Management Supported By Well Experienced Professional Team Board Of Director Mr. Sanjay Dedhia Mr. Jagdish Dedhia Mr. Manish Dedhia (Jt.MD) (Chairman & WTD) Jt.MD & CFO Marketing & Product Development Production A B C A B A B C D E Mr. Sachin Sagar Ms. Noma Patil Ms. Khushboo Mr. Pankaj Mr. Chintan
Slide 23: Skills that Differentiate us from Competition
Skills that Differentiate us from Competition CAPABILITY TO HANDLE PP, PE, HDPE, NYLON & ABS FOR DIVERSE PRODUCT RANGE STRONG CLIENT RELATIONSHIPS CONSULTATIVE APPROACH OUT-OF-THE-BOX THINKING CULTURE PRODUCT INNOVATION VALUE ENGINEERING 22
Slide 24: Plastic Industry offers Opportunities Galore
Plastic Industry offers Opportunities Galore Step Step Step 01 03 02 Availability of Raw material Domestic Plastic Industry Shift from Unorganized & Investments in lateral to Organized The total plastic consumption in India is around 15 million Industries driving growth tonnes and is expected to go
Slide 25: Consumption of Plastics has been Increasing Consistently
Consumption of Plastics has been Increasing Consistently Figures in KTA 20000 18000 16000 14000 12000 10000 8000 6000 4000 2000 0 1990 1995 2000 2005 2010 2016 2018 24 SOURCE: PLASTINDIA FOUNDATION /INDUSTRY ESTIMATE
Slide 26: Enough scope for per capita usage of Plastics to grow in India
Enough scope for per capita usage of Plastics to grow in India Figures in KG 120 109 100 80 65 60 40 38 32 28 20 11 0 USA Europe China Brazil India World 25 SOURCE: PLASTINDIA FOUNDATION /INDUSTRY ESTIMATE
Slide 27: Our Future Growth Strategy
Our Future Growth Strategy Step 1 New Products Step 2 Higher Capacity Utilization 04 Step 3 Margin Improvement Higher ROCE New Customers Expanded foot print 03 Step 4 Inorganic Growth Opportunities 02 01 26
Slide 28: Focus Areas For Future Growth
Focus Areas For Future Growth Hospital Furniture Auto Components Customised Moulding As per industry reports the health care The auto component Industry has been Customized plastic moulding allows for sector will need investments of $245 bn growing at 10-12%, India has also great design flexibility
Slide 29: Precautions Taken At Factory For Sanitization
Precautions Taken At Factory For Sanitization 28
Slide 30: COVID-19 Supplies Range
COVID - 19 Supplies Range STRONG DEMAND FOR THE LIQUID CONTAINERS DONTOUCH CORONA SWORD 29
Slide 31: Last 5 Years Financial Performance Highlights
Last 5 Years Financial Performance Highlights Revenue EBITDA & PAT EBITDA PAT 138.87 16.18 124.99 112.56 94.16 88.83 10.80 9.90 8.15 8.42 3.47 3.66 3.98 2.44 1.91 FY 16 FY 17 FY 18 FY 19 FY 20 FY 16 FY 17 FY 18 FY 19 FY 20 In Rs Cr. 30
Slide 32: Quarterly Performance Highlights YoY
Quarterly Performance Highlights YoY EBITDA PAT 48.81 SALES 6.25 36.01 3.98 2.49 0.81 Q3 FY20 Q3 FY21 Q3 FY20 Q3 FY21 In Rs Cr. 31
Slide 33: Profit & Loss Statement
Profit & Loss Statement Rs In Cr. Mar - 16 Mar - 17 Mar - 18 Mar - 19 Mar - 20 Sales 88.83 94.16 112.27 124.76 138.55 Expenses 80.68 85.74 104.00 114.21 122.69 EBIDTA 8.15 8.42 8.27 10. 54 15.86 EBIDTA( %) 9.17% 8.94% 7.37% 8.45% 11.45% Other Income 0.37 0.64 0.42 0.26 0.32 Interest 4.07 3.84 3.74 4
Slide 34: Balance Sheet
Balance Sheet Rs In Cr. Mar - 16 Mar - 17 Mar - 18 Mar - 19 Mar - 20 Share Capital 2.96 3.53 3.88 4.02 12.07 Reserves 8.85 9.15 18.44 22.53 18.10 Borrowings 35.31 34.45 32.26 49.63 57.26 Other Liabilities 10.54 8.99 14.66 22.50 20.13 Total Liabilities 56.11 56.12 69.24 98.68 107.57 Fixed Assets 21.8
Slide 35: Quarterly Performance
Quarterly Performance Rs In Cr. December – 20 September - 20 June - 20 March - 20 December - 19 Sales 48.81 44.73 32.56 36.59 36.01 Other Income 0.26 0.44 0.28 0.14 -0.01 Expenses 42.82 41.10 30.28 35.05 32.02 EBITDA 6.25 6.57 5.21 4.41 3.98 EBITDA (%) 12.74 14.54 15.86 12.01 11.06 Interest 1.41 1.4
Slide 36: Awards & Accolades
Awards & Accolades Top 100 Best Supplier Award 2015 Top 100 Best Innovator SME 2014 Tata Ficosa Automotive System Ltd SME 2016 ET Polymers 2017 Best Innovator Top 100 Excellence Excellence in ET Polymers 2018 SME 2019 In Healthcare 2020 Compliance SME 2020 35
Slide 37: Stock Data
Stock Data Share Price (INR) 114.75 33.70% 66.30% Market Capitalization (INR Cr) 138.53 No. of Shares Outstanding (Cr) 1.20 Face Value (INR) 10 52 week High-Low (INR) 131/60.05 Promotor & Promotor Group Public as on 02-02-2021 300 Volume Price 400000 Price @ The Time Corporate Actions of Bonus – 273
Slide 38: Thank You
Thank You FOR FURTHER DETAILS PLEASE CONTACT Drishti Thakker Vastupal Shah investor@mitsuchem.com vastupal@kirinadvisors.com Mitsu Chem Plast Ltd. Kirin Advisors – Investor Relations 329, Gala Complex, 103-A, Bal Ganesh Tower CHS, Din Dayal Upadhyay Road, Dada Patil wadi, Mulund (W), Mumbai - 400 08