Usha Martin Limited · NSE:USHAMART
Usha Martin — Q4 FY2009 Earnings Presentation
23 slides from Usha Martin's earnings presentation, 2009
Slide 1: An Integrated Speciality Steel & Global Wire Rope Company
An Integrated Speciality Steel & Global Wire Rope Company STRENGTH THROUGH INTEGRATION
Slide 2: Business Profile – FY09
Business Profile – FY09 Rs 4,499Cr (USD 967 MN) TURNOVER WITH GLOBAL OPERATION Rs. 4,261 CR (USD 916 MN) – 95% Rs. 238CR (USD 51 MN) – 5% SPECIALITY STEEL & VALUE TELECOMMUNICATION ADDED STEEL PRODUCTS CABLE UML OVERSEAS DISTRIBUTION STAND ALONE MANUFACTURING SERVICES Rs.3,085 CR Rs.445 CR Rs. 476CR
Slide 3: Consolidated Financial Performance Trends at a Glance
Consolidated Financial Performance Trends at a Glance Rs in Cr Particulars 03-04(A) 04-05(A) 05-06(A) 06-07(A) 07-08(A) 08-09 (A) CAGR % Gross Turnover 1,145 1,648 1,969 2,148 2,528 3,147 22% Net Turnover 1,063 1,550 1,802 1,965 2,309 2,950 23% Profit Before Tax 26 71 126 183 247 281 62% PAT 16 50 8
Slide 4: Stand Alone Financial Performance Trends at a Glance
Stand Alone Financial Performance Trends at a Glance Rs in Cr Particulars 03-04(A) 04-05(A) 05-06 (A) 06-07 (A) 07-08(A) 08-09 (A) CAGR % Gross Turnover 869 1,271 1,377 1,574 1,853 2,307 22% Net Turnover 791 1,190 1,235 1,409 1,656 2,127 22% PBT 23 58 101 138 201 214 56% PAT 16 41 65 101 145 147 57%
Slide 5: Business Growth Trends
Business Growth Trends Consolidated Stand Alone CAGR – Consolidated 29 % & Stand Alone 28 % Debt Equity Ratio Trend EPS Trend STRENGTH THROUGH INTEGRATION
Slide 6: Global Presence
Global Presence Glasgow ,UK Aberdeen, UK Nottinghamshire,UK Sheffield, UK Rotterdam Houston Norway Baku Canada London Agra Hoshiarpur Vietnam Kolkata Jakarta Johannesburg Australia Dubai Singapore Ranchi Bangkok Jamshedpur Manufacturing Facilities Distribution Centers Corporate Office 6 Sales Office
Slide 7: Value Addition to Steel Consolidated
Value Addition to Steel Consolidated Value Addition by Volume Revenue Distribution (FY09) STRENGTH THROUGH INTEGRATION
Slide 8: Architecture of Integrated Business As it looks Today
Architecture of Integrated Business As it looks Today Mineral Resource Power Module Iron Making Module Iron Ore Mine Estimated 25 MW 3.3 MW Reserve 80-100 MT with Thermal MBF Gas base Crushing & Screening Blast 2 DRI Furnace 200 KT 200 KT Coal Block – “A/B “Grade Estimated Reserve 40 MT 15 MW 30 MW
Slide 9: STRENGTH THROUGH INTEGRATION
STRENGTH THROUGH INTEGRATION
Slide 10: Highlights – Consolidated Production Growth by Volume
Highlights – Consolidated Production Growth by Volume Rolled Bright Wire & Wire Billets Product Ropes Bar Strand QoQ YoY
Slide 11: Highlights – Stand Alone Financials
Highlights – Stand Alone Financials 8% 52% 29% 1%
Slide 12: Highlights – Consolidated Financials
Highlights – Consolidated Financials 5% 43% 28% 6% STRENGTH THROUGH INTEGRATION
Slide 13: Financial Highlights Consolidated
Financial Highlights Consolidated Qtr IV QoQ 12 M YoY Particulars FY 2008 FY 09 FY 09 Gross Sales 986.88 4499.41 3,460.18 2% 30 % (incl interunit/co) Net Sales 706.46 2949.85 2,308.77 5% 28 % PBDIT 102.06 531.36 444.97 22 % 20 % % of Sales (Excl FX Loss) 17.6 % 21.7 % 19.3 % PBT 44.18 280.59 246.84
Slide 14: Financial Highlights Stand Alone
Financial Highlights Stand Alone Qtr IV QoQ 12M YoY Particulars FY 2008 FY 09 FY 09 Gross Sales 692.33 3,085.32 2,392.28 1% 29 % (incl interunit/co) Net Sales 530.05 2,127.23 1,655.90 8% 29 % PBDIT 78.91 422.43 357.02 26 % 18 % % of Sales (Excl FX Loss) 17.0 % 23.6 % 21.6% PBT 31.09 214.04 200.72 50
Slide 15: Ratio Analysis
Ratio Analysis Stand Alone Consolidated Particulars Mar – 09 Mar – 08 Mar – 09 Mar – 08 ROCE (Incl CWIP) 12.8% 14.1% 14.2% 15.3% ROCE (Excl CWIP) 23.7% 18.9% 23.9% 19.7% RONW 16.3% 19.1% 19.2% 21.6% Debt Equity 1.40 1.05 1.43 1.18 Gross Profit/Debt 28.8% 37.9% 31.8% 39.1% EPS Basic– FV Re 1 (As per
Slide 16: Sales Realisation Q o PQ (Standalone)
Sales Realisation Q o PQ (Standalone) Rs per Mt 22 % 7% Wire Rods & Bar (37%) Wire Ropes (37%) 21 % 13 % Wire & Strand (22%) Bright Bar (4%) STRENGTH THROUGH INTEGRATION
Slide 17: Sales Realisation Q o Q (Standalone)
Sales Realisation Q o Q (Standalone) Rs per Mt 8% 21 % Wire Rods & Bar (37%) Wire Ropes (37%) 4% 17 % Wire & Strand (22%) Bright Bar (4%) STRENGTH THROUGH INTEGRATION
Slide 18: Sales Realisation Y o Y (Standalone)
Sales Realisation Y o Y (Standalone) Rs per Mt 28 % 32 % Wire Rods & Bar (38%) Wire Ropes (36%) 28 % 32 % Wire & Strand (22%) Bright Bar (4%) STRENGTH THROUGH INTEGRATION
Slide 19: Key Highlights
Key Highlights harp reduction in product and raw material prices in second half of the financial year olatility in foreign exchange – Loss of Rs 78.30 Cr in the year against gain of Rs 20.33 Cr in the previous year ull absorption of high cost inventory ontinued focus on export market STRENGTH THROUG
Slide 20: STRENGTH THROUGH INTEGRATION
STRENGTH THROUGH INTEGRATION
Slide 21: Strategic Growth Plan
Strategic Growth Plan Steel Capacity Expansion Steel capacity expansion to a million ton by FY’11. Market / Product diversification Full integration of iron ore and coal Metallic's integration Power capacity enhancement to 120 MW Value Added Products – Maintain share at 50% Increasin
Slide 22: Architecture of Integrated Business By March 2011
Architecture of Integrated Business By March’ 11 Mineral Resource Power Module Iron Making Module Blast Furnace DRI Iron Ore Mine Estimated 25 MW 3.3 MW 200 KT Thermal MBF Gas base 100 KT Reserve 80-100 MT with Crushing & Screening 380 CUM Addl Kilns 15 MW 20 MW 400 KT 300 KT Thermal Coal Block – “A
Slide 23: Usha Martin
f} usha martin STRENGTH THROUGH INTEGRATION