Cmi Limited · NSE:CMICABLES
Cmi — Q4 FY2019 Earnings Presentation
32 slides from Cmi's earnings presentation
Slide 1: CMI Limited
CMI Limited AN 1809001, 0 14001 & OHSAS 18001 COMPANY CINNO.L74899DL 1985PLC018031 CMI: WIRES | CABLES | CONDUCTORS CABLES rHat EMPOWER
Slide 2: Safe Harbour
SAFE HABOUR This presentation and the accompanying slides (the “Presentation”), which has been prepared by CMI Limited (the “Company”), is solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form the
Slide 3: CMI - A brief overview
CMI - A brief overview • CMI Limited is one of the leading wire and cable manufacturers in India, with two manufacturing plants catering to a diversified customer base. • It has a Long History of 50 Years of Operations has proven our credibility in the growing and specialized wire and cable Industry
Slide 4: One of the leading and fastest growing cable manufacturers in India
One of the leading and fastest growing cable manufacturer in India. An ISO 9001, ISO 14001 and OHSAS 18001 accredited company A strong and diversified base of reputed clients across various sectors including railways, telecommunications, power, petrochemicals, etc. Faridabad – Haryana Plant Revenue
Slide 5: Significant capacity additions following Baddi facility acquisition
Significant capacity additions following the acquisition of state-of-the-art manufacturing facility located at Baddi,i under CMI Energy India Private Limited Innovative product range supported by in- house research and development facility Baddi – Himachal Pradesh Revenue Potential -10 Billion Moder
Slide 6: CMI History of 50 Years of Operations
Incorporated as Chaudhari Metal Industries with 1967 business of metal trading 1988 Name of the company changed to CMI Limited Started manufacturing of variety of cables like Telecom CMI History 1992 cables, Control cables, etc. of 50 Years 1993 Came out with first public issue and got listed on BSE
Slide 7: CMI History of 50 Years of Operations
2015 Plant at Faridabad reached to a optimum level CMI History Acquired Plant at Bawal- Himachal Pradesh from of 50 Years 2016 General Cables (a fortune 500 Company), Listed on NSE of 2017 Successful ramp up of Baddi Plant Operations Merger of CMI Energy and CMI Limited as CMI imited. 2018 Entered i
Slide 8: Industry
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Slide 9: Global and Indian Wire and Cable Market
Global Wire and Cable Market Indian Wire and Cable Market ¢ 2 Fe fa) 7) ) T T T 2012 2013 2014P Source: BCC Research Rs. Crore FY2013-14 FY2014-15 FY2015-16 FY2016-17 FY2017-18E FY2018-19E FY2019-20E FY2020-21E FY2021-22E Source: IEEMA Annual Reports, Industry Estimates
Slide 10: Transmission may attract a major share of investments in power sector
Transmission may attract a major share of investments in power sector FY19-23: Rs. 9-9.5 trillion (Estimated Investment in Power) Where the Money is Coming from Where the Funds are Going Private Generation Centre Distribution State Transmission
Slide 11: Well Positioned in Many High Growth Sectors
Well Positioned in Many High Growth Sectors Indian Railways Investments worth INR 8.56 lakh crores —_— planned in the next five years Metro Projects Go Projects worth INR 2.5 lakh crores under aon implementation Q Power T&D Investments of INR 2.6 trillion expected in | transmission by 2022 Renewable
Slide 12: Overview of the Wire and Cable Industry
Overview of the wire and Cable Industry
Slide 13: Product Portfolio
Product Portfolio
Slide 14: Product Portfolio
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Slide 15: Our manufacturing plants at Faridabad and Baddi manufacture a range of cables
Types of Cables Application Types of Cables Application Quad Cables Specialised safety cables used by Railways for Flexible and Building Wires Building Wire cables - for building wiring counting incoming & outgoing axles / coaches at on wall surface in conduit. any particular section to ensure no co
Slide 16: Sectors Covered
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Slide 17: Focus on innovation and R&D has helped us deliver differentiated products
We have developed Our in-house research & development (R&D) special type of Fire facilities are located at Survival and PVC FRLS Focus on innovation Faridabad unit (Fire Retardant Low and R&D has helped Smoke) cables through us to deliver Our Testing our R&D unit differentiated Capabilities product
Slide 18: Our Major Customers
Our globally accredited product range makes us the favored vendor for blue-chip companies spread across sectors OUR MAJOR CUSTOMERS
Slide 19: Global Supplies
GLOBAL SUPPLIES TE RIENONNG BHUTAN BANGLADESH DUBAI EGYPT GERMANY KUWAIT MALAWI MAURITIUS MALAYSIA MYANMAR NEPAL NIGERIA QATAR RWANDA SWITZERLAND SENEGAL SINGAPORE SHARJAH SRI LANKA UNITED KINGDOM UGANDA ZAMBIA
Slide 20: Financials
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Slide 21: Extract of Audited Financial Results for the quarter and year ended
(Rs. In Lakhs) SL. PARTICULARS Quarter Ended Year Ended Extract of NO. Mar-19 Dec-18 Audited Unaudited Audited Mar-18 Mar-19 Audited Mar-18 Audited Audited 1 Total Income from Operations 19185.37 17907.51 16452.34 65149.93 58524.45 Financial 2 Net Profit for the period (before tax, Exceptional and/o
Slide 22: Financial Performance
Particulars FY19 FY18 FY17 Revenue from operations 637.30 560.06 377.87 Growth % 13.79% 48.21% 57.30% EBIDTA (Rs in Crores) 87.14 78.85 53.36 FINANCIAL % of Revenue Interest 13.67% 33.74 14.08% 28.96 14.12% 20.57 PERFORMANCE Depreciation PBT 11.82 41.58 10.48 39.41 10.13 22.66 % of Revenue 6.52% 7.0
Slide 23: Financial Highlights of the Year
Revenues up by 13.079% to Rs.637.29 Crores in FY19 as compared to Rs. 560.06 Crores in FY18. It has increased by 16.40% to Rs 185.92 Crores in Q4 of FY19 as compared to Rs. 159.72 Crores in corresponding quarter FINANCIAL of FY18. HIGHLIGHTS PAT up by 73.86% to Rs.45.08 Crores in FY19 as compared to
Slide 24: Performance in last 3 years
Revenue from operations BET (RsimCrores) (Rsin Crores) 41.58 637.30 7 39.41 560.06 377.87 22.66 Fy19 FY18 FY17 rye FYI8 pva7 . in last 3 EBDITA (Rsin Crores) PAT (Rs in crores) yea rs 87.14 “7005 = 30.07
Slide 25: Highest at Rs 185.92 cr in the last five quarters
Highest at Rs 185.92 cr in the last five quarters NET SALES (RS CR) 185.92 159.73 124.98 99.10 103.31 7 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Highest at Rs 17.18 in the last five quarters EPs (RS) 17.18 455 461 3.76 4.08 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 684 Mar 2018 IPAT excludes
Slide 26: Key Factors
Key Factors @ Factors PE Ratio Price to Book Value EV to EBIT EV to EBITDA EV to Capital Employed EV to Sales PEG Ratio Dividend Yield ROCE (Latest) ROE (Latest) Annual - Operating Profit Margin (Excl Ol) @ Operating Profit Margin (Excl Ol) 11.43% in Mar 2019 11.59 12.59 Mar 2015 Mar 2016 Figures in
Slide 27: March 15 March 16 March 17 March 18
March 15 March 16 March 17 March 18 March 19 March 15 March 16 March 17 March 18 March 19
Slide 28: Capacity utilization continues to improve, with headroom for growth
Faridabad Plant Baddi Plant Total FY15 FY16 FY17 FY18 FY19 FY20 E “ “ Capacity utilization continues to improve, supported by sufficient headroom for growth
Slide 29: Major Highlights of the Year
The company managed to get a few coveted approvals from few blue chip companies like RDSO, Power Grid Corporation, BHEL, Airport Authority of India Limited, Mazagon Dock Shipbuilders Ltd, . Jawaharlal Nehru Port Trust and more The company got its maiden export order from Mauritius for the supply
Slide 30: Projections
March 13. March 13 Mar-19 Net Sales (Rsin Cr.) = Mar-20 Net Profit (Rs in Cr.) 35.58 za Mar-21 40.31 Projections 926.4 40.56 =..vhUd Mar-22 Profit Before Tax (Rsin Cr.) 58.79 50.07 7 39.42 4143 pidisisei i= & |S = . - March 1s Mar-19 Mar-20 Mar-21 Mar-22 Net worth {Rs in Cr.) 429.388 389.31 349.00 a
Slide 31: Key Investment Highlights
Key Investment Highlights India’s one of the Fastest Growing Well Positioned in Many High Cable Company Growth Sectors Strong Focus on R&D and Provides Cables for India’s Space Innovation Mission Programmes Cables that Empower
Slide 32: Cables that Empower
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