Sandur Manganese & Iron Ores Ltd · NSE:SANDUMA
Sandur Manganese & Iron Ores — The Sandur Manganese & Iron Ores — Q4 FY2021 Earnings Presentation
36 slides from Sandur Manganese & Iron Ores's earnings presentation, Jun 29, 2021
Slide 1: Intimation to Stock Exchange - Investor Presentation cover letter
he Sandar Manganene hm Uhes Limitrd (An ISO 9001:2015; ISO 14001:2015 and OHSAS 18001:2007 certiñed company) CIN:L&S1OKA1954PLCo00759; Website: www.sandurgroup.com REGISTERED OFFICE CORPORATE OFFICE SATYALAYA', No.266 SANDUR HOUSE', No.9, Ward No , Palace Road Bellary Road, Sadashivanagar Sandur 583
Slide 2: June 2021 The Sandur Manganese & Iron Ores Limited
JUNE 2021 THE SANDUR MANGANESE & IRON ORES LIMITED
Slide 3: Agenda
SLIDE 03 About Sandur SLIDE 11 Business Verticals Review SLIDE 17 Growth Drivers SLIDE 20 Conclusion SLIDE 24 Financials and Others SLIDE 30 Q4 and FY21 Performance Highlights
Slide 4: About Sandur contents
SLIDE 04 History and Background SLIDE 07 Business Canvas SLIDE 05 Sandur at a Glance SLIDE 10 Values that Drive Us SLIDE 06 Operational Units
Slide 5: History and Background
ABOUT SANDUR 04 History and Background INVESTOR PRESENTATION § Manganese was discovered in the hills of Sandur H I STO RY O F SA N D U R ’ S M I N I N G L EA S E S as early as 1838. § Mining operations in the present lease area dates back to 1907. 1904 1954 1974 1994 2014 § Erstwhile ruler of Sandur
Slide 6: Sandur at a Glance
ABOUT SANDUR 05 Sandur at a Glance INVESTOR PRESENTATION VALUABLE CAPACITY 3-Y AVERAGE EXTERNAL SALE : 3-Y AVERAGE ASSETS UTILIZATION* CAPTIVE REVENUE CONSUMPTION^ CONTRIBUTION# MANGANESE ORE 0.28 MTPA 99% 84% : 16% 22% IRON ORE 1.60 MTPA 99% 100% : 00% 51% 6+ decade as one of the most respected pri
Slide 7: Operational Units
ABOUT SANDUR 06 Operational Units INVESTOR PRESENTATION SANDUR Ballari and Vijayanagara (Districts) Karnataka Ramghad SANDUR – Deogiri Registered Office Bengaluru – Corporate Office § Mining Leases (Deogiri, Kammathuru, Subbarayana Halli and Ramghad) § Ferroalloy Plant, Power Plant, Coke Yeshwant Na
Slide 8: Business Canvas (Before, till FY20)
ABOUT SANDUR 07 Business Canvas (BEFORE, TILL FY20) INVESTOR PRESENTATION Mining Ferroalloys and Power BUSINESS § 0.28 MTPA Manganese (Mn) Ore Capacity § 32,000 TPA Ferroalloys Capacity SEGMENTS § 1.60 MTPA Iron Ore Capacity § 32 MW Coal-based Thermal Power Plant TRAITS § Asset-light, high ROCE § Po
Slide 9: Business Canvas (At Present, FY21)
ABOUT SANDUR 08 Business Canvas (AT PRESENT, FY21) INVESTOR PRESENTATION Mining Ferroalloys Coke and Energy BUSINESS § 0.28 MTPA Mn Ore Capacity § 48,000 TPA Ferroalloys Capacity, up § 0.4 MTPA Coke Oven Plant SEGMENTS from 32,000 TPA § 1.60 MTPA Iron Ore Capacity § 30 MW WHRB based Power Generation
Slide 10: Business Canvas (Going Forward)
ABOUT SANDUR 09 Business Canvas (GOING FORWARD) INVESTOR PRESENTATION Mining Ferroalloys Steel ASSETS/CAPACITY § 0.28 MTPA Mn Ore Capacity § 48,000 TPA Ferroalloys Capacity § 1 MTPA Envisaged 1.60 MTPA Iron Ore Capacity § Fully integrated Steel Operations (with 0.4 § § 30 MW WHRB based Power MTPA Co
Slide 11: Values that drive us
ABOUT SANDUR 10 Values that drive us INVESTOR PRESENTATION Sandur is run by the ethos: Sandur believes in reaching Some of Sandur’s successful Welfare Programs: “All that we get (earn) from out to underprivileged § Food Security Scheme: For the last 5 decades, the soil of Sandur in one form communit
Slide 12: Vasudeva Committee Report, 1965
Vasudeva Committee Report, 1965 “Although in case of a large number of mines, the mining operations do not follow any concerted or well thought out plan of development, there are a few bright exceptions. For example, the group of mines controlled by Manganese Ore India Ltd., M/s. Sandur Manganese &
Slide 13: Mining operations - Our mainstay
BUSINESS VERTICALS REVIEW 012 Mining operations – Our mainstay INVESTOR PRESENTATION § Mining manganese and iron ores from § Fully-mechanized iron ore mining leading § Currently producing 0.28 MTPA of § Proposed to enhance manganese ore two mining leases located in Sandur to higher margins manganese
Slide 14: Mining operations - Our mainstay
BUSINESS VERTICALS REVIEW 13 Mining operations – Our mainstay INVESTOR PRESENTATION § Well-managed mining operations over various § During Karnataka’s Mining Scam (2011) Lokayukta did not i. the owners of the lessee company have voluntarily commodity cycles find any illegalities with SANDUR’s Mining
Slide 15: Ferroalloys operation - History
BUSINESS VERTICALS REVIEW 14 Ferroalloys operation - History INVESTOR PRESENTATION § Established in 1968 at Vyasanakere (near Hosapete), with assurance and F E R R O A L L OY S O P E R AT I O N S agreement with State Electricity Board for supply of adequate power at (T PA) viable rates. 36,265 37,52
Slide 16: Ferroalloys operation - Turning around
BUSINESS VERTICALS REVIEW 15 Ferroalloys operation - INVESTOR PRESENTATION Turning around § Turning around ferro-alloys operations through feasible power generation § A combination of Coke Oven Plant and WHRB generating power as a by-product and leading to substantial savings through elimination of
Slide 17: Coke and Energy - Recently added
BUSINESS VERTICALS REVIEW 16 Coke and Energy - Recently added INVESTOR PRESENTATION § Started expansion work in § Fully commissioned Coke § 4 Batteries with a § 2 Waste Heat Recovery March 2018 Oven on 18 January 2021 cumulative capacity of Boilers with a cumulative 0.4 MTPA capacity of 30 MW setup
Slide 18: CEC & Joint Team
CEC & Joint Team Constituted by Hon’ble Supreme Court of India, 2011-2012 “It is observed that (a) the joint team has not found any illegality vis-a-vis the sanctioned lease boundaries (b) the owners of the Lessee Company have voluntarily handed over more than 2000 ha of forest land owned by them to
Slide 19: CAPEX Tracker
GROWTH DRIVERS 18 CAPEX Tracker INVESTOR PRESENTATION PARTICULARS FY18 FY20 FY21 Sandur Going forward NETBLOCK § 128 Crore § 306 Crore § 808 Crore 1 MTPA INTEGRATED CWIP § 12 Crore § 557 Crore § 82 Crore STEEL PLANT WITH BACKWARD INTEGRATED COKE & IRON ORE DETAILS § Foundation Stone Laid Commissione
Slide 20: Phase 1 CAPEX
GROWTH DRIVERS 19 Phase 1 CAPEX INVESTOR PRESENTATION Coke Oven Waste Heat Recovery Downhill Roads Housing Plant Boilers Conveyor Project Project Fully-commissioned on 18 Fully-commissioned on 18 § Electrical Works - 100% § Public Road (14 km) – Deogiri January 2021 January 2021 completed 65% comple
Slide 21: Mahatma Gandhi quote
Mahatma Gandhi “Sandur is an oasis in a desert…. The Ruler of a small State (Sandur) in South India has thrown open his temples to the Harijans. The heavens have not fallen.” SLIDE 21 Investment Rationale SLIDE 22 Strong Parentage
Slide 22: Investment Rationale
CONCLUSION 21 Investment Rationale INVESTOR PRESENTATION Stable & Growing Cash flows through long-standing mining operations Turning around ferroalloys operations, reducing overhang on financial performance Emerging integrated play – miner to steel manufacturer, to enjoy benefits of higher conversio
Slide 23: Strong Parentage
BUSINESS SEGMENTS REVIEW 22 Strong Parentage INVESTOR PRESENTATION Y. R. GHORPADE M. Y. GHORPADE S. Y. GHORPADE T.R. RAGHUNANDAN BAHIRJI A. GHORPADE FOUNDER PATRON CHAIRMAN EMERITUS CHAIRMAN MANAGING DIRECTOR § His Highness Yeshwantrao Hindurao § Murarrao Yeshwantrao Ghorpade (1931 – § Chairman and
Slide 24: Strong Parentage
BUSINESS SEGMENTS REVIEW 23 Strong Parentage INVESTOR PRESENTATION S. S. RAO G.P. KUNDARGI LATHA PILLAI JAGADISH RAO KOTE H.L. SHAH MD. ABDUL SALEEM INDEPENDENT DIRECTOR INDEPENDENT DIRECTOR INDEPENDENT DIRECTOR INDEPENDENT DIRECTOR DIRECTOR DIRECTOR (MINES) He holds a Bachelor’s degree in Kundargi
Slide 25: Financials and Others contents
SLIDE 25 Profit and Loss SLIDE 27 Cash Flows SLIDE 26 Balance Sheet SLIDE 28 Ratios
Slide 26: Profit & Loss Summary
FINANCIALS REVIEW 25 Profit & Loss Summary INVESTOR PRESENTATION PARTICULARS (₹ IN CRORES) FY17 FY18 FY19 FY20 FY21 Revenue from Operations 422.23 612.39 702.15 591.60 746.59 Revenue from Operations Total Income 427.31 623.49 720.23 597.26 764.36 CAGR between FY17-21 Operating Expenses 333.36 446.61
Slide 27: Balance Sheet Summary
FINANCIALS REVIEW 26 Balance Sheet Summary INVESTOR PRESENTATION PARTICULARS (₹ IN CRORES) FY17 FY18 FY19 FY20 FY21 Shareholders' Funds 417.55 529.71 665.92 839.69 993.12 Non Current Liabilities 19.55 4.56 6.24 344.96 357.20 Increase in equity base over Long Term Borrowings 0.00 0.00 0.00 331.22 306
Slide 28: Cash Flow Summary
FINANCIALS REVIEW 27 Cash Flow Summary INVESTOR PRESENTATION PARTICULARS (₹ IN CRORES) FY17 FY18 FY19 FY20 FY21 Cash from Operating Activities 80.52 122.01 160.10 (13.30) 336.84 Cumulative cash flow Cash from Investing Activities (68.46) (105.69) (144.00) (370.37) (250.42) generated from operating a
Slide 29: Ratio Analysis
FINANCIALS REVIEW 28 Ratio Analysis INVESTOR PRESENTATION REVENUE, EBITDA (excl. OI) OPERATING MARGINS ROCE, CAPITAL EMPLOYED (₹ IN CRORE) (IN %) (IN % & ₹ IN CRORE) 800 50.0% 1600 40% 700 1400 747 40.0% 41.1% 32% 34% 600 702 35.8% 34.9% 1200 1350 500 612 592 30.0% 30.7% 1000 1185 400 23.5% 800 20%
Slide 30: Corporate Information
BUSINESS SEGMENTS REVIEW 29 Corporate Information INVESTOR PRESENTATION SHAREHOLDING SUMMARY (IN %) 26.78% PROMOTER Current Market Price ₹2012 52 Week High/Low ₹2035/540 73.22% PUBLIC Market Capitalization ₹1811 Cr Shares Outstanding 0.90 Cr BSE Scrip Code 504918 sandurgroup.com Shareholding Data as
Slide 31: Q4 & FY21 Performance Highlights contents
SLIDE 31 FY21 Operational SLIDE 33 Q4FY21 Financial Highlights Highlights SLIDE 32 Q4FY21 Segment SLIDE 34 Management Commentary Highlights
Slide 32: FY21 Operational Highlights
Q4 & FY21 PERFORMANCE HIGHLIGHTS 31 FY21 Operational Highlights INVESTOR PRESENTATION FIRING ON ALL CYLINDERS MANGANESE ORE IRON ORE FERROALLOYS COKE § 0.28 MTPA Production § 1.59 MTPA Production § 36,265 TPA Production § 0.16 MTPA Trial Production § 0% y-o-y § 0% y-o-y § 77% y-o-y § NA - Capacity u
Slide 33: Q4 & FY21 Segment Highlights
Q4 & FY21 PERFORMANCE HIGHLIGHTS 32 Q4 & FY21 Segment Highlights INVESTOR PRESENTATION M A N G A N E S E O R E O P E R AT I O N A L I R O N O R E O P E R AT I O N A L P E R F O R M A N C E F E R R O A L L OY S O P E R AT I O N A L PERFORMANCE (MT PA & ₹ / T on n e ) PERFORMANCE (MT PA & ₹ / T onne )
Slide 34: Q4 & FY21 Financial Highlights
Q4 & FY21 PERFORMANCE HIGHLIGHTS 33 Q4 & FY21 Financial Highlights INVESTOR PRESENTATION FIRING ON ALL CYLINDERS (₹ in Crores) Revenue from Operations EBITDA PAT Capital Structure 357.68 140.58 70.91 993.12 Shareholders funds Growth (YoY) 199% 472% 55% 18% Growth (QoQ) 206% 254% 282% Margins Expansi
Slide 35: Q4 & FY21 Management Commentary
Q4 & FY21 PERFORMANCE HIGHLIGHTS 34 Q4 & FY21 Management Commentary INVESTOR PRESENTATION “Q4 & FY21 performance has been good on all fronts, improved “We successfully realizations of Manganese & Iron Ores in Q3 and Q4 led to increase in commissioned the profitability. On the operational front, we f
Slide 36: Contact and Safe Harbor
JUNE 2021 THE SANDUR MANGANESE & IRON ORES LIMITED BIJAN KUMAR DASH SAFE HARBOR COMPANY SECRETARY & COMPLIANCE OFFICER This document which has been prepared by The Sandur Manganese & Iron Ores Limited (the “Company”, “Sandur”, “SMIORE”), have been prepared solely for information purposes and do not
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