Usha Martin Limited · NSE:USHAMART
Usha Martin — Q4 FY2010 Earnings Presentation
19 slides from Usha Martin's earnings presentation, 2010
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
Business Profile Net Turnover Stand Alone Consolidated Rs 1,850 Crs Rs 2,514 Crs Note: Turnover reported above represents Gross level of activities and are without adjusting inter unit/company sales
Slide 3: Consolidated Key Financials
Consolidated Key Financials Rs in Crs STRENGTH THROUGH INTEGRATION
Slide 4: Financial Trends
Financial Trends Net Turnover & EBIDTA Margin PAT & EPS R R s in R s in C rs C rs s ROCE & RONW Debt & DE Ratio R s in (X ) C rs STRENGTH THROUGH INTEGRATION
Slide 5: Global Footprint
Global Footprint Glasgow ,UK Aberdeen, UK Nottinghamshire,UK Rotterdam Houston Norway Iron Ore & Coal Mines (Jharkhand) Baku Canada London Agra California Vietnam Kolkata Hoshiarpur Jakarta Johannesburg Australia Dubai Singapore Ranchi Bangkok Jamshedpur Manufacturing Facilities Distribution Centers
Slide 6: Value Addition to Steel Consolidated
Value Addition to Steel Consolidated Value Addition by Volume Revenue Distribution (FY10) STRENGTH THROUGH INTEGRATION
Slide 7: Architecture of Integrated Business
Architecture of Integrated Business Mineral Resource Power Module Iron Making Module 25 MW 3.3 MW Blast Furnace Iron Ore Mine DRI Thermal MBF 200 KT Est. Reserve 80 MT Crushing & Screening 15 MW 30 MW 300 KT Thermal 400 KT WHRB Lime Kiln & Coal Block – “A- C” grade Producer Est. Reserve 40 MT 20 MW
Slide 8: Strength Through Integration
STRENGTH THROUGH INTEGRATION
Slide 9: Production Volume Growth Consolidated
Production Volume Growth Consolidated Rolled Bright Wires & Wire Billets Products Ropes Bars Strands QoQ 26 57 48 41 3 % % % % % YoY 12 5 20 16 16 % % % % % Note: Figures includes production during trial runs.
Slide 10: Financial Highlights Consolidated
Financial Highlights Consolidated 9% 140% 15% 9% STRENGTH THROUGH INTEGRATION
Slide 11: Financial Performance Consolidated
Financial Performance Consolidated Qtr IV QoQ 12 M YoY Particulars FY 10 FY 10 Gross Sales 678.82 2630.33 9% 16 % Net Sales 644.47 9% 2514.41 15 % PBDIT 141.05 495.01 % of Sales 38 % 7% 21.9 % 19.7 % PBT 72.58 64 % 240.04 14 % Net Profit 69.20 140 % 168.62 9% EPS 2.36 105 % 6.46 13 %
Slide 12: Financial Ratios Consolidated
Financial Ratios Consolidated Particulars Mar – 10 Mar – 09 ROCE (%) 18.1% 24.1% RONW (%) 13.7% 19.2% EPS (FV Rs 1/-) (Rs) 6.5 7.4 Debt Equity Ratio (x) 1.0 2.0 Debt / EBITDA Ratio (x) 3.5 4.3 Interest Cover (x) 3.9 3.7 Including capex L/C’s STRENGTH THROUGH INTEGRATION
Slide 13: Sales Realisation QoPQ (Standalone)
Sales Realisation Q o PQ (Standalone) Rs per Mt 3% 1% Wire Rods & Bar (43%) Wire Ropes (30%) 5% 1% Wire & Strand (24%) Bright Bar (3%) STRENGTH THROUGH INTEGRATION
Slide 14: Sales Realisation QoQ (Standalone)
Sales Realisation Q o Q (Standalone) Rs per Mt 4% 10 % Wire Rods & Bar (43%) Wire Ropes (30%) 1% 6% Wire & Strand (24%) Bright Bar (3%) STRENGTH THROUGH INTEGRATION
Slide 15: Sales Realisation YoY (Standalone)
Sales Realisation Y o Y (Standalone) Rs per Mt 18 % 10 % Wire Rods & Bar (38%) Wire Ropes (35%) 23 % 15 % Wire & Strand (23%) Bright Bar (4%) STRENGTH THROUGH INTEGRATION
Slide 16: Key Highlights
Key Highlights Successful commissioning of projects. MBF, Sinter Plant & 20 MW CPP to be commissioned in H1 & H2 of FY'11. Coal mines fully operational. Weak business conditions affecting selling prices & margins though of late indications of improvements. Equity raising of Rs.468.15 Crs helped to r
Slide 17: Strength Through Integration
STRENGTH THROUGH INTEGRATION
Slide 18: Cost Optimisation Plan
Cost Optimisation Plan Enhanced capacities with improved business conditions are likely to be positive for performance. Plans to further increase cost competitiveness by setting up – Coke Oven Plant Pellet Pant DRI Plant Power Plant Ore Beneficiation facilities Estimated project outlay of Rs 1,200 C
Slide 19: Usha Martin
f} usha martin STRENGTH THROUGH INTEGRATION