Mtar Technologies Ltd. · NSE:MTARTECH
Mtar Technologies — Q2 FY2024 Earnings Presentation
23 slides from Mtar Technologies's earnings presentation, Nov 9, 2023
Slide 1: MTAR Technologies Limited Investor Presentation – November 2023
MTAR Technologies Limited Please click here for corporate video Investor Presentation – November 2023
Slide 2: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by MTAR Technologies 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 sec
Slide 3: A leader in critical and differentiated engineered products
A leader in critical and differentiated engineered products Strong Order Book Position Q2 & H1FY24 Financial Snapshot Working Capital Management Well Balanced Portfolio Q2 & H1 FY24 Financial Performance ESG Experienced Board of Directors & Well Qualified Management Team
Slide 4: Strong Order book Position
Strong Order book Position Receipt of Major New Orders Order book Build-Up (Rs. in Crs) Existing Business 1,078.8 79.6 Received Rs. 79.6 Cr of orders in various sectors including 160.8 997.6 Clean Energy – Civil Nuclear Power, Fuel cells and Hydel, Space, Defence, Products and others in Q2FY 24 Dive
Slide 5: Q2 & H1 FY24 Financial Performance
Q2 & H1 FY24 Financial Performance Revenues Revenues (Rs. (Rs. Crs) Crs) Gross Profit (Rs. Crs) Revenue for Q2 FY24 stood at Rs. 166.8 crs as compared to Rs. 126.2 54.1% 45.6% 47.6% 57.3% crs in Q2 FY23, a growth of 32% +47% +22% YoY and H1FY24 growth of 47% 319.4 152.1 YoY +32% +11% 124.4 166.8 2
Slide 6: Working Capital Management
Working Capital Management Net Working Capital (in Days) Particulars Q2 FY24 Q1 FY24 Remarks (Days) 300 287 Company collected most of the receivable 277 283 Receivables 107 147 within due that led to a reduction in receivable days 250 230 Inventory days were reduced as the company commenced the prod
Slide 7: Well-balanced Portfolio (1/2)
Well-balanced Portfolio (1/2) Revenue in Rs. Crs Clean Energy – Civil Nuclear Clean Energy – Fuel Cells, Space Hydel & Others Power 12% 22% 14% 8% 9% 13% 24% 15% 9% 6% 64% 50% 63% 77% 58% 55.3 58.2 441.7 45.7 48.3 49.4 43.8 26.0 27.1 201.6 137.5 15.2 122.7 97.8 9.4 FY20 FY21 FY22 FY23 Q2 FY24 FY20 F
Slide 8: Well-balanced Portfolio (2/2)
Well-balanced Portfolio (2/2) Revenue in Rs. Crs Geographical Break-up Defense Products & Others Domestic Export 4% 1% 3% 3% 5% 7% 4% 6% 4% 22% 25.0% 15.1 36.7 75.0% 23.7 Q2FY24 8.4 8.1 7.7 18.3 14.6 24.0% 9.0 1.3 76.0% FY20 FY21 FY22 FY23 Q2 FY24 FY20 FY21 FY22 FY23 Q2 FY24 H1FY24 8
Slide 9: Q2 & H1FY24 Consolidated Profit & Loss Statement
Q2 & H1FY24 Consolidated Profit & Loss Statement Particulars (Rs. Crs) Q2 FY24 Q2 FY23 Y-o-Y (%) Q1 FY24 Q-o-Q H1FY24 H1FY23 Y-o-Y (%) Revenue from Operations 166.8 126.2 32.2% 152.6 9.3% 319.4 217.2 47.1% Cost of Materials Consumed 80.1 61.1 97.7 177.8 104.9 Changes in Inventories 10.7 -3.1 -21.3 -
Slide 10: Consolidated Balance Sheet
Consolidated Balance Sheet EQUITY & LIABILITIES (Rs. Crs) Sep-23 Mar-23 ASSETS (Rs. Crs) Sep-23 Mar-23 Equity Share Capital 30.8 30.8 Property, Plant and Equipment 297.4 290.2 Other Equity 630.2 589.4 Capital Work-in-progress 72.1 64.4 Intangibles Assets 0.5 0.8 Total Equity 660.9 620.1 Financial As
Slide 11: Consolidated Cash Flow Statement
Consolidated Cash Flow Statement Particulars (Rs in Cr) 30-Sep-23 30-Sep-22 Operating profit before working capital changes 74.5 63.5 Changes in working capital (127.7) (68.0) Cash generated from operations (53.2) (4.5) Direct taxes paid (net of refund) (12.9) (13.8) Net Cash from Operating Activiti
Slide 12: ESG as an integral part of Business Decision Making
ESG as an integral part of Business Decision Making • MTAR envisions to be 100% ESG complaint; ESG is an integral part of our business decision making process • Nearly 85% of the Company’s revenue in FY 23 is derived from manufacturing climate positive products in Civil Nuclear Power, Fuel Cells, Hy
Slide 13: Supported by an Experienced Board of Directors
Supported by an Experienced Board of Directors Parvat Srinivas Reddy Managing Director and Promoter • 32+ years of rich work experience in Manufacturing and Construction industries • Master’s degree in science, specializing in industrial engineering from Krishna Kumar Aravamudan Louisiana Tech Unive
Slide 14: Experienced and Qualified Management Team
Experienced and Qualified Management Team Parvat Srinivas Reddy - Managing Director and Promoter Entrusted with the overall responsibility of management 32+ years of rich work experience in Manufacturing and Construction industries Master’s degree in science, specializing in industrial enginee
Slide 15: Annexure
Building Nation with Exceptional Engineering Annexure
Slide 16: A leader in critical and differentiated engineered products
A leader in critical and differentiated engineered products Historical Profit & Loss Consolidated Balance Sheet Abridged Cash Flow Statement Performance in Charts Capital Disciplined Approach
Slide 17: Historical Consolidated Profit & Loss Statement
Historical Consolidated Profit & Loss Statement Particulars (Rs. Crs) FY23 FY22 FY21 FY20 Revenue from Operations 573.8 322.0 246.4 213.8 Cost of Materials Consumed 315.6 157.4 101.8 87.3 Changes in Inventories of Finished Goods and Work in Progress -46.1 (41.2) (21.6) (15.1) Gross Profit 304.2 205.
Slide 18: Historical Balance Sheet – Equity & Liabilities
Historical Balance Sheet – Equity & Liabilities EQUITY & LIABILITIES (Rs. Crs) Mar-23 Mar-22 Mar-21 Mar-20 Equity Share Capital 30.8 30.8 30.8 26.8 Other Equity 589.4 489.0 446.0 198.3 Total Equity 620.1 519.7 476.7 225.1 Financial Liabilities Borrowings 77.7 25.9 7.1 0.0 Provisions 5.6 0.4 0.4 2.4
Slide 19: Historical Balance Sheet - Assets
Historical Balance Sheet - Assets ASSETS (Rs. Crs) Mar-23 Mar-22 Mar-21 Mar-20 Property, Plant and Equipment 290.2 195.4 166.1 155.0 Capital Work-in-progress 64.4 43.8 10.5 11.7 Intangibles Assets 0.8 1.0 0.9 0.1 Financial Assets (i) Investments 0.0 0.0 0.0 0.0 (iii) Other Financial Assets 2.2 2.2 2
Slide 20: Abridged Consolidated Cash Flow Statement
Abridged Consolidated Cash Flow Statement Particulars (Rs in Cr) 31-Mar-23 31-Mar-22 31-Mar-21 31-Mar-20 Operating profit before working capital changes 168.8 96.1 82.0 60.9 Changes in working capital (129.1) (108) (61.7) 2.5 Cash generated from operations 39.7 (11.8) 20.3 63.4 Direct taxes paid (ne
Slide 21: Performance in Charts
Performance in Charts Revenues (Rs. Crs) EBITDA (Rs. Crs) PAT (Rs. Crs) 573.8 154.0 103.4 +39% +38% +49% 322.0 94.4 60.9 83.1 246.4 46.1 213.8 58.0 31.3 FY20 FY21 FY22 FY23 FY20 FY21 FY22 FY23 FY20 FY21 FY22 FY23 Gross Profit Margins (%) EBITDA Margins (%) PAT Margins (%) 66.2% 67.5% 63.9% 33.7% 18.
Slide 22: Capital Disciplined Growth
Capital Disciplined Growth RoCE* (%) RoE# (%) Net Debt to Equity (x) 20.0% 19.9% 18.2% 0.23 19.0% 0.18 13.6% 14.2% 13.1% 11.7% 0.13 0.03 Mar-20 Mar-21 Mar-22 Mar-23 Mar-20 Mar-21 Mar-22 Mar-23 Mar-20 Mar-21 Mar-22 Mar-23 *RoCE = EBIT/Avg. Capital Employed #RoE = Net Profit/Avg. Total Equity Capital
Slide 23: Thank You
Thank You MTAR Technologies Limited CIN: L72200TG1999PLC032836 Ms. Srilekha Jasthi – Senior Manager – Strategy & Operations +91 7674021818 srilekha@mtar.in Mr. Irfan Raeen +91 9773778669 Irfan.raeen@linkintime.co.in Mr. Devansh Dedhia +91 9930147479 devansh.dedhiai@linkintime.co.in