Slide 1: MTAR Technologies Limited
MTAR Technologies Limited Please click here for corporate video Investor Presentation – October 2024
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 FY25 Financial Snapshot Working Capital Management Well Balanced Portfolio Q2 FY25 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 Received Rs. 247.02 Cr of orders in various sectors including Clean Energy – Civil Nuclear Power, Fuel cells and Hydel, 247.0 184.4 942.3 894.2 Space, Defence, Products and others in Q2 FY25 Div
Slide 5: Q2 & H1 FY25 Financial Performance
Q2 & H1 FY25 Financial Performance Revenues Revenues (Rs. (Rs. Crs) Crs) Gross Profit (Rs. Crs) EBIDTA (Rs. Crs) 45.6% 47.5% 47.6% 47.6% 21.6% 19.4% 22.1% 16.8% 319.4 318.5 152.1 151.7 70.6 190.2 53.4 166.8 90.3 76.0 36.1 36.8 Q2 FY24 Q2 FY25 H1 FY24 H1 FY25 Q2 FY24 Q2 FY25 H1 FY24 H1 FY25 Q2 FY24 Q
Slide 6: Working Capital Management
Working Capital Management Net Working Capital (in Days) Particulars (Days) Q2FY25 Q1FY25 350 302 300 Receivables 120 98 277 252 247 250 203 200 Inventory 186 245 161 160 151 150 116 101 RM 99 129 99 100 87 50 WIP 87 116 0 Dec-23 Mar-24 Jun-24 Sep-24 Payables 55 57 Other than WIP WIP Total Working C
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 22% 14% 8% 11% 6% 24% 15% 9% 7% 13% 50% 63% 77% 61% 56% 61.9 58.2 441.7 55.3 48.3 49.4 351.2 45.7 43.8 39.0 201.6 25.0 122.7 106.3 11.7 FY21 FY22 FY23 FY24 Q2FY25 FY21
Slide 8: Well-balanced Portfolio (2/2)
Well-balanced Portfolio (2/2) Revenue in Rs. Crs Geographical Break-up Defence Products & Others Domestic Export 1% 3% 3% 3% 2% 4% 6% 4% 19% 23% 26% 19.7 108.3 74% 15.1 Q2FY25 8.1 42.9 22% 4.3 23.7 18.3 1.3 9.0 78% FY21 FY22 FY23 FY24 Q2FY25 FY21 FY22 FY23 FY24 Q2FY25 H1FY25 8
Slide 9: Q2 FY25 Consolidated Profit & Loss Statement
Q2 FY25 Consolidated Profit & Loss Statement Particulars (Rs. Crs) Q2 FY25 Q2 FY24 Y-o-Y Q1 FY25 Q-o-Q H1FY25 H1FY24 Y-o-Y Revenue from Operations 190.2 166.8 14.0% 128.3 48.3% 318.5 319.4 -0.3% Cost of Materials Consumed 88.2 80.1 69.6 157.8 177.8 Changes in Inventories 11.7 10.7 -2.8 8.9 -10.5 Gro
Slide 10: Consolidated Balance Sheet
Consolidated Balance Sheet EQUITY & LIABILITIES (Rs. Crs) Sep-24 Mar-24 ASSETS (Rs. Crs) Sep-24 Mar-24 Equity Share Capital 30.8 30.8 Property, Plant and Equipment 341.3 339.8 Other Equity 668.8 645.6 Capital Work-in-progress 87.2 72.9 Total Equity 699.5 676.3 Intangibles Assets 2.6 0.7 Financial Li
Slide 11: Consolidated Cash Flow Statement
Consolidated Cash Flow Statement Particulars (Rs in Cr) 30-Sep-24 30-Sep-23 Operating profit before working capital changes 54.8 74.5 Changes in working capital -27.0 -127.7 Cash generated from operations 27.7 -53.2 Direct taxes paid (net of refund) -8.8 -12.9 Net Cash from Operating Activities (A)
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 Arun Ojha , Chief Commercial Officer Entrusted with the overall responsibility of management Responsible for heading the Business Development and MNC supply chain in 32+ years of rich work experien
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) FY24 FY23 FY22 FY21 Revenue from Operations 580.8 573.8 322.0 246.4 Cost of Materials Consumed 318.4 315.6 157.4 101.8 Changes in Inventories of Finished Goods and Work in Progress -16.0 -46.1 (41.2) (21.6) Gross Profit 278.4 304.
Slide 18: Historical Balance Sheet – Equity & Liabilities
Historical Balance Sheet – Equity & Liabilities EQUITY & LIABILITIES (Rs. Crs) Mar-24 Mar-23 Mar-22 Mar-21 Equity Share Capital 30.8 30.8 30.8 30.8 Other Equity 645.6 589.4 489.0 446.0 Total Equity 676.3 620.1 519.7 476.7 Financial Liabilities Borrowings 97.0 77.7 25.9 7.1 Provisions 2.6 2.6 0.4 0.4
Slide 19: Historical Balance Sheet - Assets
Historical Balance Sheet - Assets ASSETS (Rs. Crs) Mar’24 Mar-23 Mar-22 Mar-21 Property, Plant and Equipment 339.8 290.2 195.4 166.1 Capital Work-in-progress 72.9 64.4 43.8 10.5 Intangibles Assets 0.7 0.8 1.0 0.9 Financial Assets (i) Investments 0.0 0.0 0.0 0.0 (iii) Other Financial Assets 2.6 2.2 2
Slide 20: Abridged Consolidated Cash Flow Statement
Abridged Consolidated Cash Flow Statement Net Cash Flow from Operating Particulars (Rs in Cr) 31-Mar-24 31-Mar-23 31-Mar-22 31-Mar-21 Activates Operating profit before working capital changes 115.83 168.8 96.1 82.0 CFO/Revenue from Operation Changes in working capital (37.2) (129.1) (108) (61.7) 57.
Slide 21: Performance in Charts
Performance in Charts Revenues (Rs. Crs) EBITDA (Rs. Crs) PAT (Rs. Crs) +33% +11% +7% 573.8 580.8 154.0 103.4 112.7 322.0 94.4 60.9 56.1 83.1 246.4 46.1 FY21 FY22 FY23 FY24 FY21 FY22 FY23 FY24 FY21 FY22 FY23 FY24 Gross Profit Margins (%) EBITDA Margins (%) PAT Margins (%) 67.5% 63.9% 33.7% 18.7% 18.
Slide 22: Capital Disciplined Growth
Capital Disciplined Growth RoCE* (%) RoE# (%) Debt to Equity (x) 19.9% 18.2% 0.28 19.0% 0.23 14.2% 13.1% 12.5% 11.7% 0.18 8.7% 0.03 Mar-21 Mar-22 Mar-23 Mar-24 Mar-21 Mar-22 Mar-23 Mar-24 Mar-21 Mar-22 Mar-23 Mar-24 *RoCE = EBIT/Avg. Capital Employed #RoE = Net Profit/Avg. Total Equity Capital Emplo
Slide 23: Thank You
Thank You MTAR Technologies Limited CIN: L72200TG1999PLC032836 Ms. Srilekha Jasthi – Head, Strategy & Investor Relations +91 76740 21818 srilekha@mtar.in Mr. Irfan Raeen +91 9773778669 Irfan.raeen@linkintime.co.in Mr. Parth Patel +91 98197 85972 Parth.patel@linkintime.co.in