Mishra Dhatu Nigam Ltd. · NSE:MIDHANI
Mishra Dhatu Nigam — Investor Presentation (May 2019)
23 slides from Mishra Dhatu Nigam's investor presentation, May 30, 2019
Slide 1: Investor Presentation filing cover letter
.-~. MISH - ‘ ~TU IGA LI TE (~1T~r ~ ~r ~r’r) ~DHAN I (A. Govt. of India Enterprise) (~rt) (MINI RATNA COMPANY) ~T~IWT ‘~T~ AN ISO 9001:2008 COMPANY SUPERALLOYS PLA T ‘i~i’i ~t. U1429~TG1973GOIOO166O CIN: U14292TG1973G01001 660 ~ ~ ~‘~gig -500058. ~{T~?T P0. Kanchanbagh, Hyderabad 500 058. India - :
Slide 2: Corporate Presentation May 2019
Corporate Presentation May 2019 We are everywhere from Deep Sea to Space
Slide 3: Disclaimer
DISCLAIMER This Presentation may not be taken away, copied, published, distributed or transmitted or reproduced or redistributed or passed on directly or indirectly to any other person, whether within or outside your organization or firm, or published in whole or in part, for any purpose by recipien
Slide 4: Table of Contents
TABLE OF CONTENTS Industry Overview Business Snapshot Milestones Strengths & Strategies Financial Overview Annexures 3
Slide 5: Industry Overview
INDUSTRY OVERVIEW MIDHANI FOCUSES ON SPECIALITY MATERIALS CATERING TO HIGH END ENGINEERING APPLICATIONS Global Steel Speciality Steel Market Production End User Classification Oil & Gas & Processing Speciality Steel - 9% MIDHANI’s area Industries Ni(1) of focus <1% of 9% 0.2% global steel Industrial
Slide 6: One of the few metallurgical plants of its kind in the world
ONE OF THE FEW METALLURGICAL PLANTS OF ITS KIND IN THE WORLD LEADING MANUFACTURERS OF SPECIAL STEELS, SUPERALLOYS AND ONLY MANUFACTURER OF TITANIUM ALLOYS IN INDIA ‘National Centre for Excellence’ Miniratna in advanced metallurgical Category-I company production In-house research and Indigenization
Slide 7: Product Portfolio
PRODUCT PORTFOLIO PRODUCT CATEGORIES HIGH VALUE SPECIALITY TITANIUM BASED SUPERALLOYS STEEL ALLOYS ALLOY STEEL STAINLESS STEEL NICKEL BASED ULTRA HIGH FERRITIC STRENGTH STEEL IRON BASED ARMOUR GRADE MARTENSITIC PLATES COBALT BASE OTHER PRODUCTS AUSTENITIC PRECIPITATION HARDENING 6
Slide 8: Awards and Accreditations
AWARDS AND ACCREDITATIONS NICHE END USER SEGMENTS Defence Space Energy ACCREDITATIONS AWARDS Quality Management Raksha Mantri Award, 2014-15 DGAQA(1) Raksha Mantri Award, 2013-14 ISO 9001:2008 Corporate Vigilance Excellence Award, 2016-17 Skoch Award 2016 for balanced and sustainable AS 9100 C busin
Slide 9: Key Investment Highlights
KEY INVESTMENT HIGHLIGHTS Advanced and unique facilities Capability to manufacture wide range of advanced products Strong long term customer relationships Research and development based technology development Highly Qualified and Experienced Management and Management Systems 8
Slide 10: Unique facilities with capability to manufacture wide range of advanced products
UNIQUE FACILITIES WITH CAPABILITY TO MANUFACTURE WIDE RANGE OF ADVANCED PRODUCTS WORLD CLASS VACUUM MELTING FURNACES VENTURE INTO NEW MARKETS WITH INNOVATIVE AND ADVANCED PRODUCTS HIGH QUALITY PRODUCTS TO MEET CUSTOMERS’ STRINGENT QUALITY REQUIREMENTS PROCESS CAPABILITIES ACROSS THE PRODUCT MANUFACT
Slide 11: Strong Long Term Customer Relations
STRONG LONG TERM CUSTOMER RELATIONS COMMITTED TO ENHANCEMENT OF CUSTOMER SATISFACTION BY CONTINUALLY IMPROVING THE EFFECTIVENESS OF QUALITY MANAGEMENT SYSTEM TO DRIVE ORGANIZATIONAL PERFORMANCE PARTNERSHIP WITH MANY OF THE KEY FOCUS ON QUALITY - ISO CUSTOMERS IN THE PRODUCT DEVELOPMENT 9001:2008, AS
Slide 12: Research and Development Based Technology Development
RESEARCH AND DEVELOPMENT BASED TECHNOLOGY DEVELOPMENT IN-HOUSE RESEARCH AND DEVELOPMENT OUTSOURCE TECHNOLOGICAL KNOWLEDGE TEAM FROM VARIOUS COUNTRIES DEDICATED TECHNOLOGY ADVISORY BOARD STRONG PRODUCT DESIGN CAPABILITIES COLLABORATIONS WITH INDIAN AND INTERNATIONAL RESEARCH INSTITUTIONS AND QUALITY
Slide 13: Milestones
MILESTONES • Incorporation 1973 • First commercial production 1983-84 started • Entered into the field of fabrication of 1987-88 special armour panels • Development Niobium alloy required for critical 2001-02 space applications 2006-07 • Development of gun barrel forgings. 2008-09 • Achieved Minirat
Slide 14: Highly Qualified and Experienced Management (1/2)
HIGHLY QUALIFIED AND EXPERIENCED MANAGEMENT (1/2) Dr. Dinesh Kumar Likhi, • Holds a bachelor’s degree in Metallurgical Engineering from the IIT, Roorkee and master’s degree Chairman & Managing in Metallurgical Engineering from National Institute of Technology, Rourkela Director • Doctor of Philosoph
Slide 15: Highly Qualified and Experienced Management (2/2)
HIGHLY QUALIFIED AND EXPERIENCED MANAGEMENT (2/2) Atchutaram Dasu (GM – Operations) Sanjay Kumar Jha (Director – P&M) Y.V. Hanumantha Rao (GM – Planning, QCL. AMTL & Spl. Prod) Sanjeev Singhal (Director - D. Gopikrishna Finance & CFO) (GM – Mktg. & IT) Shaik Mujib Pasha (Chief Vigilance Officer) Din
Slide 16: Strategies
STRATEGIES 1. Growth and modernization • Seeks growth (through both greenfield and brownfield) based on the development of technology for customers and product • Aim for geographical expansion of the Company and to operate from multiple locations • In process of setting up two new manufacturing faci
Slide 17: Financial Overview
FINANCIAL OVERVIEW Revenue from Operations EBITDA[1] PAT ₹ Mn ₹ Mn ₹ Mn 1,920 35.0% 28.7% 8,097 7,108 25.8% 30.0% 15.6% 19.7% 18.4% 1,900 1320 25.0% 22.9% 25.0% 1300 20.0% 1,880 1280 20.0% 15.0% 1,860 6,661 1260 15.0% 10.0% 1,840 1240 5.0% 10.0% 1263 1313 1306 1,820 1220 0.0% 5.0% 1,853 1,909 1,837
Slide 18: Annexures
ANNEXURES
Slide 19: Summary Statement of Assets & Liabilities (1/2)
SUMMARY STATEMENT OF ASSETS & LIABILITIES (1/2) ₹ Mn ₹ Mn Particulars FY16 FY17 FY18 FY19 ASSETS: Non-current assets Property, Plant and Equipment 2,614.63 3,264.39 3,427.75 4,236.70 Capital work-in-progress 66.90 62.05 649.93 1,750.47 Intangible assets 14.94 9.38 16.58 12.77 Financial Assets (i) In
Slide 20: Summary Statement of Assets & Liabilities (2/2)
SUMMARY STATEMENT OF ASSETS & LIABILITIES (2/2) ₹ Mn ₹ Mn Particulars FY16 FY17 FY18 FY19 EQUITY AND LIABILITIES EQUITY Equity share capital 1,873.40 1,873.40 1,873.40 1,873.40 Other Equity 4,323.30 5,170.04 6,016.95 6,473.69 Total Equity 6,196.70 7,043.44 7,890.35 8,347.09 LIABILITIES Non-current l
Slide 21: Summary Statement of Profit & Loss
SUMMARY STATEMENT OF PROFIT & LOSS ₹ Mn Particulars FY16 FY17 FY18 FY19 REVENUE Revenue From Operations 7,614.49 8,097.07 6,660.78 7,108.46 Other Income 289.99 233.83 292.00 368.95 Total Income 7,904.48 8,330.90 6,952.78 7,477.41 EXPENSES Cost of material consumed 2,449.05 1,938.28 1,535.49 2,927.63
Slide 22: Summary Statement of Cash Flows (1/2)
SUMMARY STATEMENT OF CASH FLOWS (1/2) ₹ Mn Particulars FY16 FY17 FY18 FY19 CASH FLOWS FROM OPERATING ACTIVITIES Profit/(loss) for the year (before tax) 1,626.45 1,878.50 1,967.78 1,917.97 Adjustments for: Depreciation expense 140.65 176.64 196.41 231.95 Finance costs 41.86 46.76 85.60 63.64 Interest
Slide 23: Summary Statement of Cash Flows (2/2)
SUMMARY STATEMENT OF CASH FLOWS (2/2) ₹ Mn Particulars FY16 FY17 FY18 FY19 CASH FLOW FROM INVESTING ACTIVITIES Acquisition of property, plant and equipment (299.91) (815.99) (954.85) (2,137.63) Profit / Loss on sale of Fixed Assets 0.02 (0.24) 0.09 (0.46) Interest received 108.15 172.68 213.19 135.5
Mishra Dhatu Nigam — Investor Presentation (May 2019) on 6ix