Mitsu Chem Plast Ltd · BSE:MITSU
Mitsu Chem Plast — Q2 FY21 Earnings Presentation
37 slides from Mitsu Chem Plast's earnings presentation, November 2020
Slide 1: Mitsu Chem Plast Limited Investors Presentation Q2 FY21
Mitsu Chem Plast Limited Investors Presentation Q2 FY21
Slide 2: Safe Harbor Statement
Safe Harbor Statement This presentation and the accompanying slides (the “Presentation”), which have been prepared by Mitsu Chem Plast Limited (‘Mitsu Chem/Mitsu,’ the “Company”) solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe fo
Slide 3: Company Overview
■ Established in 1990 ■ Leading manufacturer of wide range of products in plastic blow molding, Company Overview Injection Molding & customized molding catering to specific customer needs Leading Manufacturer 1 The company with more than 500 plus SKU’s is today catering to more than 30 plus fortune
Slide 4: Stock Data
Stock Data Share Price (INR) 112.00 33.70% 66.30% Market Capitalization (INR Cr) 135.21 No. of Shares Outstanding (Cr) 1.20 Face Value (INR) 10 52 week High-Low (INR) 131/59.77 as on 05-11-2020 Promotor & Promotor Group Public 3
Slide 5: Mitsu Chem Journey
Mitsu Chem Journey 1st Manufacturing unit at Tarapur, Acquired additional land for 2nd Manufacturing unit at Maharashtra expansion at Tarapur unit Tarapur, Maharashtra 1990 1999 2007 2008 2010 2011 Acquired plant & machinery Pioneer's of Hospital Bed parts Entered the markets with of NOCIL from Reli
Slide 6: Mitsu Chem Journey
Mitsu Chem Journey Crossed Rs100cr New manufacturing plant at Khalapur Migrated to Main Board of BSE turnover in FY18 With a capacity of around 300 tons. and completed 30 years 2018 2019 2020 2012 2016 2017 Manufacturing unit at Ventured in the capital Acquired Business, Plant & Rudrapur, Uttrakhand
Slide 7: Emerging as a Promising Player in Plastic Moulding
MOLDED INDUSTRIAL BLOW MOLDED PACKAGING AUTOMOBILE PARTS Emerging as a Promising Player in Plastic Moulding Industry MITSU CHEM PLAST LTD. posses strong capabilities in Injection HOSPITAL INFRASTRUCTURE Molding, Blow Molding and Custom FURNITURE PARTS FURNITURE Molding. Through product innovation an
Slide 8: Key Highlights
Key Highlights Sales of Rs.139 Cr 3 Manufacturing In FY20 Facilities Installed Capacity of 43 Blow Moulding 19,200+ Metric Machines Tonnes per annum 12 Injection Moulding 500+ clients, out of Machines which more than 30 are Fortune 500 customers 600+ Employment 500+ SKU’s Generation 7
Slide 9: Strategically located Manufacturing units
Strategically located Manufacturing units UNIT 20,000 SQ.FT 01 TARAPUR (MAHARASHTRA) UNIT 36,000 SQ.FT 02 TARAPUR (MAHARASHTRA) UNIT 73,000 SQ.FT 03 KHALAPUR (MAHARASHTRA) 8
Slide 10: Molding Capabilities
Molding Capabilities BLOW MOLDING INJECTION MOLDING CUSTOME MOLDING HDPE, PP, Filled PP PE, PP, Filled PP HDPE, PP, Filled PP Pharma, Chemical, Pharma, Chemical, Pharma, Automotive, Food, Flavor & Food, Agrochemicals Hospital Bed Parts, Fragrances, Auto Filters Automotive, Agrochemicals
Slide 11: Well Equipped & Certified Plant
Well Equipped & Certified Plant All plants are well CERTIFICATIONS equipped with all types 21 CFR AS PER US FDA testing equipment's CE CERTFICATE 5-S IMPLEMENTION Drop Tester QC METHODOLOGY Hydraulic Pump ONLINE TESTING/PDI/CAPA Pneumatic Pump MEMBER OF TOGETHER FOR SUSTAINABILITY
Slide 12: Green Initiatives for Sustainable Growth
Green Initiatives for Sustainable Growth ■ Manufacture of Reusable and Recyclable Products ■ Rain Water Harvesting Systems ■ Using LED’s and Motion sensor based tube lights. ■ Transparent Polycarbonate Roof Tops ■ 100% Virgin Material ■ Certified by TFS (Together for sustainability) ■ Plantation dri
Slide 13: One of the Biggest Range of best in Quality Packaging Products
One of the Biggest Range of best in Quality Packaging Products Big Range of Small Containers & Industrial Containers 100 ML to 250 LTRS 12
Slide 14: Custom Molded Automotive Components & Fuel Tank Assemblies
INJECTION & BLOW MOLDED CUSTOM AUTOMOTIVE PARTS Custom Molded Automotive Components & Fuel Tank Assemblies 13 13
Slide 15: Pioneer's in Hospital bed & Ancillary Furniture
Pioneer’s in Hospital bed & Ancillary Furniture Import substitute product with universally approved designs 14
Slide 16: Customized Infrastructure Furniture a solution provider
Customized Infrastructure Furniture a solution provider Impressive aesthetics, robust design and durability has helped growth in this niche Business sections BUS SEAT (AC-10) PLASTIC CORNER SUPPORT CAP PLASTIC CHAIR PLASTIC STADIUM PARTS (C INFC) SEAT (C STOL) PLASTIC BABY CAR SEAT SHELL (C BSS) FRO
Slide 17: More than 30 clients of Fortune 500 serviced by us
More than 30 clients of Fortune 500 serviced by us 16
Slide 18: Customer logos
ADITYA BIRLA a) AF AARTI INDUSTRIES LIMITED THERMAX ol Emcure _ [iijMylan: 17 Cipla wy Gp S Castrol FE, Galan
Slide 19: Eminent Board of Directors
Eminent Board of Directors Mr. Jagdish Dedhia Mr. Sanjay Dedhia Mr. Manish Dedhia Chairman Jt.MD Jt.MD & CFO Mr. Jagdish, aged 59 years, is the Chairman & Mr. Manish, aged 44 years, is also the Jt. Mr. Sanjay is aged 50 years, he is the Jt. Whole-time Director of MITSU CHEM. He has Managing Director
Slide 20: Eminent Board of Directors
Eminent Board of Directors Mr. Dilip Gosar Mr. Ashish Doshi Ms. Neha Huddar Non-Executive Independent Director Non-Executive Independent Director Non-Executive Independent Director Mr. Gosar aged 53 years, is the Non-Executive Mr. Doshi aged 42 years, is the Non-Executive Ms. Huddar, aged 59 years i
Slide 21: Management Supported By Well Experienced Professional Team
Management Supported By Well Experienced Professional Team Board Of Directors Mr. Sanjay Dedhia Mr. Jagdish Dedhia Mr. Manish Dedhia (Jt.MD) (Chairman & WTD) Jt.MD & CFO Marketing & Product Development Production A A B A B C D Ms. Khushboo Dedhia Mr. Pankaj Gharat Mr. Chintan Makwana Ms. Geeta Sounb
Slide 22: Skills that Differentiate us from Competition
Skills that Differentiate us from Competition CAPABILITY TO HANDLE PP, PE, HDPE, NYLON & ABS FOR DIVERSE PRODUCT RANGE STRONG CLIENT RELATIONSHIPS CONSULTATIVE APPROACH OUT-OF-THE-BOX THINKING CULTURE PRODUCT INNOVATION VALUE ENGINEERING 21
Slide 23: Plastic Industry offers Opportunities Galore
Plastic Industry offers Opportunities Galore Step Step Step 01 03 02 Availability of Raw material Domestic Plastic Industry Shift from Unorganized & Investments in lateral to Organized The total plastic consumption in India is around 15 million Industries driving growth tonnes and is expected to go
Slide 24: Consumption of Plastics has been Increasing Consistently
Consumption of Plastics has been Increasing Consistently Figures in KTA 20000 18000 16000 14000 12000 10000 8000 6000 4000 2000 0 1990 1995 2000 2005 2010 2016 2018 23 SOURCE: PLASTINDIA FOUNDATION /INDUSTRY ESTIMATE
Slide 25: Enough scope for per capita usage of Plastics to grow in India
Enough scope for per capita usage of Plastics to grow in India Figures in KG 120 109 100 80 65 60 40 38 32 28 20 11 0 USA Europe China Brazil India World 24 SOURCE: PLASTINDIA FOUNDATION /INDUSTRY ESTIMATE
Slide 26: End Usage of Plastics in India Quite Similar to Global Trends
End Usage of Plastics in India Quite Similar to Global Trends Others, 14% Building, 8% Houseware, 10% Packaging, 24% Agriculture, 23% Electronic, 16% Furniture, 1% Transportation, 4% Building Packaging Electronic Transportation Furniture Agriculture Houseware Others 25 SOURCE: PLASTINDIA FOUNDATION
Slide 27: Our Future Growth Strategy
Our Future Growth Strategy Step 1 New Products Step 2 Higher Capacity Utilization 03 Step 3 Margin Improvement Higher ROCE New Customers Expanded foot print 02 01 26
Slide 28: Focus Areas For Future Growth
Focus Areas For Future Growth Hospital Furniture Auto Components Customised Moulding As per industry reports the health care The auto component Industry has been Customized plastic moulding allows for sector will need investments of $245 bn growing at 10-12%, India has also great design flexibility
Slide 29: Precautions Taken At Factory For Sanitization
Precautions Taken At Factory For Sanitization
Slide 30: COVID - 19 Supplies Range
COVID - 19 Supplies Range STRONG DEMAND FOR THE LIQUID CONTAINERS DONTOUCH CORONA SWORD 29
Slide 31: Last 5 Years Financial Performance Highlights
Last 5 Years Financial Performance Highlights Revenue EBITDA & PAT EBITDA PAT 138.87 16.18 124.99 112.56 94.16 88.83 10.80 9.90 8.15 8.42 3.47 3.66 3.98 2.44 1.91 FY 16 FY 17 FY 18 FY 19 FY 20 FY 16 FY 17 FY 18 FY 19 FY 20 In Rs Cr. 30
Slide 32: Quarterly Performance Highlights YoY
Quarterly Performance Highlights YoY EBITDA & PAT 45.17 SALES EBITDA PAT 6.57 33.4 4.69 3.19 1.35 Q2 FY20 Q2 FY21 Q2 FY20 Q2 FY21 In Rs Cr. 31
Slide 33: Profit & Loss Statement
Profit & Loss Statement Rs In Cr. Mar - 16 Mar - 17 Mar - 18 Mar - 19 Mar - 20 Sales 88.83 94.16 112.27 124.76 138.55 Expenses 80.68 85.74 104.00 114.21 122.69 EBIDTA 8.15 8.42 8.27 10. 54 15.86 EBIDTA( %) 9.17% 8.94% 7.37% 8.45% 11.45% Other Income 0.37 0.64 0.42 0.26 0.32 Interest 4.07 3.84 3.74 4
Slide 34: Balance Sheet
Balance Sheet Rs In Cr. Mar - 16 Mar - 17 Mar - 18 Mar - 19 Mar - 20 Share Capital 2.96 3.53 3.88 4.02 12.07 Reserves 8.85 9.15 18.44 22.53 18.10 Borrowings 35.31 34.45 32.26 49.63 57.26 Other Liabilities 10.54 8.99 14.66 22.50 20.13 Total Liabilities 56.11 56.12 69.24 98.68 107.57 Fixed Assets 21.8
Slide 35: Quarterly Performance
Quarterly Performance Rs In Cr. September - 20 June - 20 March - 20 September - 19 Sales 44.73 32.56 36.59 33.26 Other Income 0.44 0.28 0.14 0.14 Expenses 41.10 30.28 35.05 31.18 EBITDA 6.57 5.21 4.41 4.69 EBITDA (%) 14.54 15.86 12.01 14.04 Interest 1.41 1.58 1.66 1.52 Depreciation 1.09 1.07 1.08 0.
Slide 36: Awards & Accolades
Awards & Accolades Top 100 Best Supplier Award 2015 Top 100 Best Innovator SME 2014 Tata Ficosa Automotive System Ltd SME 2016 ET Polymers 2017 Best Innovator Top 100 Excellence Excellence in ET Polymers 2018 SME 2019 In Healthcare 2020 Compliance SME 2020 35
Slide 37: Thank You
Thank You FOR FURTHER DETAILS PLEASE CONTACT Drishti Thakker Vastupal Shah investor@mitsuchem.com vastupal@kirinadvisors.com Mitsu Chem Plast Ltd. Kirin Advisors – Investor Relations 329, Gala Complex, 103-A, Bal Ganesh Tower CHS, Din Dayal Upadhyay Road, Dada Patil wadi, Mulund (W), Mumbai - 400 08