Slide 1: Modison Limited Investor Presentation Filing Letter
MANUFACTURER OF ELECTRICAL CONTACTS FOR LV, MV, HV & EHV SWITCHGEAR INDUSTRIES 33 — Nariman Bhavan, 227 —Nariman Point, M@@”E@N Mumbai — 400021, India. LIMITED T: +91-22-2202 6437, F: +91-22-2204 8009 E: sales@modison.com W: www.modison.com (Formerly Known as Modison Metals Ltd) ~ CIN No.: L51900MH1
Slide 2: Global Leadership in Silver Contacts
Slide 3: Safe Harbour
SAFE HARBOUR Except for the historical information contained herein, statements in this presentation and the subsequent discussions, which include words or phrases such as "will", "aim", "will likely result", "would", "believe , "'may", "expect”, will continue", "anticipate", "estimate”, "intend", "
Slide 4: Management Commentary
MANAGEMENT COMMENTARY “We saw a marked increase in profitability in Q4FY23 led by manufacturing efficiencies and favourable silver price movement. We saw flat topline in FY23 revenue due to silver price fluctuations. Silver price variations impacted our profitability. Our Board recommended a Dividen
Slide 5: Modison Ltd. at a glance
MODISON LTD. STRONG GLOBAL A publicly listed company PRESENCE 2 MANUFACTURING ONLY PLAYER WITH PLANTS CAPABILITY Modison Ltd, Vapi Modison Copper Pvt Ltd, Silvassa LV, MV and HV switchgear contacts GLOBAL TECHNOLOGY INTEGRATION NABL DODUCO Accredited Lab ISO CERTIFICATIONS 1S0 9001:2015, 1ISO CAREA
Slide 6: Vision and Core Values
VISION CORE VALUES Modision is committed to meet the expectations Modison shall foster continuous caring culture, of our customers, employees & the stakeholders while meeting the expectations of Stakeholders, and continuously evolve ourselves in order to environment and society achieve vision MODISO
Slide 7: Company Overview
Slide 8: Company background and end markets
Established in 1975 by Mr. G. L. Modi as a silver refining company In 1978, recognizing the high potential for Electrical Contacts in switchgear industry Madison Ltd (ML) commenced manufacturing of silver and silver alloy wires, plates, strips and solid / bimetal contacts Only company globally manuf
Slide 9: Milestones
MILESTONES CONTINUOUS INNOVATION & EXCELLENCE Founded as a trading Started manufacturing Collaboration with All'HV contacts type Major capex for Installed automatic unit for engineering electrical contacts and Doduco for AgW and tested and approved HV capacity increase contact welding and exports co
Slide 10: Global presence by country
NORTH SOUTH EUROPE MIDDLE ASIA AMERICA AMERICA EAST CANADA BRAZIL AUSTRIA NETHERLANDS IRAN SOUTH KOREA USA CROATIA POLAND KUWAIT JAPAN MEXICO ESTONIA RUSSIA CHINA FRANCE ~ SWEDEN VIETNAM GERMANY SWITZERLAND HUNGARY TURKEY ITALY
Slide 11: Management team
Founder & Managing Whole Time Director Joint Managing Director CEO Director MOBISEN
Slide 12: Customers in T&D Industry
STOMERS IN T&D INDUST AR | Sebnsider Atstom BOMBARDIER = = MR SIEMENS P G 4 TATA ms Lvdng ot > o : P HYOSUNG AHYUNDAI Honeywell " RN ABB Panasonic PHILIPS fe——
Slide 13: Customers in Consumer
USTOMERS IN CONSUMER COVENTYA % 5oL g @ MopIisoN
Slide 14: Products and Operations
2 8 S iS} Ss
Slide 15: Product Portfolio
PRODUCT PORTFOLIO LOW MEDIUM HIGH PRECIOUS METAL VOLTAGE VOLTAGE VOLTAGE COMPOUNDS ® Semis (AgNi, Agcdo,Agsno2 wires) ® Silver Nickel ® Arcing Contacts (Tulips) ® Silver Cadmium Oxide ® CuCrwith vacuum silver * Non arcing contacts brazing alloy ) ) ® Silver Graphits . tiver sraphrte ‘ - Tunast ® Cop
Slide 16: Metal Compounds
METAL COMPOUND ALTS WITH ABILITY TO PRODUCE CR,LR & AR CHEMICAL STRUCTURE CHEMICAL STRUCTURE CHEMICAL STRUCTURE JUPAC name Silver(l) Nitrate, JUPAC name Silver(l) Nitrate, JUPAC name Silver(l) Nitrate, Silver Nitrate Silver Nitrate Silver Nitrate CAS Number 7761-88-8 CAS Number 7761-88-8 CAS Number
Slide 17: Wide Range of B2C Products Including Bullion and Cutlery
WIDE RANGE OF B2C PRODUCTS INCLUDING BULLION AND CUTLERY ENABLING CUSTOMER DIVERSIFICATION MOoBISEN
Slide 18: Manufacturing Expertise from Refining to End Product
Nariman Point MANUFACTURING EXPERTISE Mumbai 3 SET UP FROM REFINING TO END PRODUCT N 1 : sqmi i _ QDIEL#SSQWQWEM% s}] mt EMPLOYEES AREA: 10450 5 mt | BUILT UP: 6,336 sqmt REVENUE MOBISEN
Slide 19: LV, MV and HV Plants
Fully equipped plant for silver Diversified product and copper refining range LV Fully automated processes with Shorter production capacity of 1000 MT times Clean room facility with vacuum Ultrafine and pure CuCR furnaces, packing and 400T M4 electrical contact range compacting press to instantly co
Slide 20: Certifications and Accreditations
DNV certification for manufacture and Research E ». sale of electrical contacts for HV and LV Laboratory certified by 5 n— % switchgear industry: National Accreditation Z\SNV-GL//g Quality: 1S0 9001 (2015 version) Board for Testing and aoiosoric Environment: IS0 14001 (2015 version) Calibration Labo
Slide 21: Financials
MODISON
Slide 22: Quarterly Financial Highlights
TOTAL INCOME (X MN) EBITDA (X MN) AND MARGIN (%) 1,010 901 803 782 876 87 8 -5 Q4FY22 Q1FY23 Q2FY23 Q3FY23 Q4FY23 Q4FY22 Q1FY23 Q2FY23 Q3FY23 Q4FY23 PROFIT AFTER TAX (X MN) EPS (%) 77 2.36 47 51 1.45 1.57 | 0.14 -21 -0.63 Q4FY22 QIFY23 (Q2FY23 Q3FY23 Q4FY23 Q4FY22 QIFY23 Q2FY23 Q3FY23 Q4FY23 **Inclu
Slide 23: Quarterly Profit & Loss
ROFIT & LOSS PARTICULARS (in ¥ mn unless Q4FY23 Q3FY23 stated) Total Income 876 782 1,010 Operating Expenses™ 750 787 923 EBITDA 126 -5 87 EBITDA Margin 14% -1% 9% Finance Cost 6 5 5 Depreciation 16 16 18 Profit Before Tax 104 -26 64 Taxes 27 -5 17 Profit after Tax 77 -21 47 PAT Margin 9% -3% 5% EPS
Slide 24: Annual Financial Highlights
TOTAL INCOME (X MN) EBITDA (Z MN) AND MARGIN (%)™ 3412 3,362 330 379 2,936 270 284 2,210 2,222 234 15% 12% 13% 8% 1% FY19 FY20 FY21 FY22 Fy23 FY19 FY20 FY21 FY22 FY23 PROFIT AFTER TAX (X MN) EPS (%) 224 6.91 167 151 146 514 4.66 451 112 3.44 Y19 FY20 Fy21 Fy22 Fy23 FY19 FY20 21 Y22 FY23 ** Includes
Slide 25: Annual Profit & Loss
L PROFIT & LOSS —= PARTICULARS (In % Mn unless stated) FY2022 FY2021 FY2020 FY2019 Total Income 3,362 3,412 2,936 2,222 2,210 Operating Expenses”™ 3,128 3,128 2,557 1,952 1,880 EBITDA 234 284 379 270 330 EBITDA Margin 7% 8% 13% 12% 15% Finance Cost 17 20 20 20 22 Depreciation 63 66 61 62 64 Profit B
Slide 26: Balance Sheet
L BALANCE SHEET PARTICULARS (IN ¥ MN FY2023 FY2022 FY2020 ASSETS Non-Current Assets 851 794 746 747 651 Current Assets 1,364 1,348 1,280 1,160 1,150 Cash & cash equivalents 5 4 2 12 1 Total Assets 2,215 2142 2,026 1,907 1.801 EQUITY & LIABILITIES Total Equity 1,871 1,758 1,642 1,465 1,373 Revaluatio
Slide 27: Growth Strategy
Innovation via Development of New Products for achieving Scale and Differentiation Focus on Automation and Digitalisation for Efficient Production with Precision and Quality Entry into new Geographies for Market Diversification X * & Lean Six Sigma and Execution excellence for /-Z\ Performance Impro
Slide 28: Investment Highlights
I 4 decades track record in India electrical contacts manufacturing industry resulting in market leadership in LV and HV segment I Diverse presence in new and high growth sectors including pharmaceuticals, railways and renewable energy I Global market presence through exports comprising ~20% revenue
Slide 29: Employee Initiatives
* Tree Plantation Drive * Active Employee Discussion on Growth » Women's Day Celebration for Female Empowerment * Recognition of Qutstanding Performance in respective work areas * Farewell celebration for retired employees « Safety training for employee safety
Slide 30: Community and CSR Initiatives
* Runs Modison Charitable Trust * Provides drinking water from its RO plant * Runs Maternity Hospital * Contributes for pediatric heart surgeries * Contributes for pediatric cancer patients * Contributes for treatment of TB patients * Sponsors 160 students for primary education * Focus on girl child
Slide 31: Contact Information
MODISON For further information, please contact: & 1912222026437 Mr. Ravi Udeshi shareholder@modison.com 134 < +9122 6192 0000 ravi.udeshi@in.ey.com ©2021 Modison Limited, All Rights Reserved “Modison” and The Modison Logo are trademarks of Modison Limited. In addition to Company data, data from mar