Slide 1: Investor Presentation Q4 & FY18
Investor Presentation CABLES THAT EMPOWER February 2018 Q4 & FY18
Slide 2: Safe Harbor
SAFE HARBOR 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: The Company
THE COMPANY
Slide 4: India's Fastest Growing Cable Company
India’s one of the Advanced Cabling Diversified and Industry Leading Strong Balance Superior Fastest Growing Solutions Expert Growing Order Book Profitability Sheet Shareholder Value Cable Company Provides Cables for India’s Expected Revenue 70% PAT CAGR Over 5 Order pipeline at INR EBITDA Margins o
Slide 5: Revenue Growth, EBITDA Growth, RoE, Net Debt to Equity vs Peers
Revenue Growth (YoY) EBITDA Growth (YoY) 90% 120% 113% 77% 80% 100% 70% 57% 75% 60% 80% 48% 50% 56% 60% 51% 40% 32% 38% 29% 40% 30% 26% 27% 25% 26% 19% 16% 20% 14% 15% 20% 13% 11%13% 11% 8% 5% 10% 4% 4% 4% -2% -4% 0% 0% 2014 2015 2016 2017 2018 -10% 2014 2015 2016 2017 2018 -20% -10% CMI Peer 1 Peer
Slide 6: Creating Superior Shareholder Value
1 Creating Superior Shareholder Value 2 Diversified and De-Risked Portfolio 3 Well Positioned in Many High Growth Sectors 4 Geographically Diversified 5 Strong Focus on R&D and Innovation 6 World – Class Manufacturing Facilities 7 Diversified and Growing Order Book Private and Confidential 6
Slide 7: Creating Superior Shareholder Value
Creating Superior Shareholder Value Revenue Growth YoY EBITDA Growth YoY 90% 120% 113% 80% 77% 100% 70% 57% 75% 60% 80% 48% 50% 56% 60% 51% 40% 29% 30% 40% 19% 20% 20% 13% 10% 0% 0% 2014 2015 2016 2017 2018 2014 2015 2016 2017 2018 Net Debt to Equity RoE 3.0 30% 2.5 25% 2.5 25% 2.0 20% 15% 16% 15% 1
Slide 8: Diversified and De-Risked Portfolio
Diversified and De-Risked Portfolio MANUFACTURING ASSETS MARQUEE CLIENTS FY18, REVENUE BREAK UP Baddi: Revenue potential INR 10 Power billion State of the art facility spread Signalling over 100,000 sq. m. Control & Instrumentation Capacity utilisation c.20% Quard Faridabad: Revenue Potential IN
Slide 9: Well Positioned in Many High Growth Sectors
Well Positioned in Many High Growth Sectors Indian Railways Metro Rail Growth – CMI accepted as vendor to Delhi Metro Corporation Investments worth INR 8.56 lakh crores 280 planned in the next five years Distance (In Kms) Metro Projects 210 Projects worth INR 2.5 lakh crores under implementation 140
Slide 10: Geographically Diversified
Geographically Diversified Exporting to countries like.. Faridabad Manufacturing Unit Baddi Manufacturing Unit Indian Market Presence Private and Confidential 10
Slide 11: Strong Focus on R&D and Innovation
Strong Focus on R&D and Innovation CASE STUDIES STRONG R&D COMPETENCIES In-house R&D facilities located at Indian Space Research Organisation (“ISRO”) Faridabad Sole Supplier for specific cables used in Multi Differentiated product offerings Object tracking system Addressing customers’ chall
Slide 12: World-Class Manufacturing Facilities
World – Class Manufacturing Facilities BADDI – SUPERIOR GROWTH PROSPECTS FARIDABAD – ESTABLISHED CLIENTS, R&D FACILITY Acquired from General Cable Corporation Plant has long standing history of operations State-of-the-art manufacturing facility located in Plant is capable of manufacturing mu
Slide 13: Diversified Revenue
Diversified Revenue FY18, REVENUE BREAK UP FY17 REVENUE BREAK-UP Power Signalling Control & Instrumentation Quard 0.4% 0.03% 4.6% Telecom Others 8.9% 24.4% 4% 3% 10.6% 17% 37% 13.3% 19.5% 18.3% 20% 19% Signalling Instrumentation Quard Others Power HT Cables Control Telephone Rubber Private and Confi
Slide 14: Financials
FINANCIALS
Slide 15: Operational and Financial Highlights
o Baddi Plant turnover at INR 220 crores o Faridabad plant operating at nearly full capacity Operational Highlights o Current Order in hand at INR 325 crores o Awaiting approval from Indian Railways for Baddi plant o Revenue highest ever at INR 5,601 million Financial Highlights o EBITDA highest eve
Slide 16: FY2017 vs FY2018 Results
FY2017 FY2018 Change (%) Revenue 3,779 5,601 48% Expense 3,293 4,842 47% EBITDA 486 759 56% EBITDA Margin % 13% 14% - Interest 207 290 40% Depreciation 101 105 3% Other Income 48 30 -39% PBT 226 394 74% Tax -74 136 -283% PAT 301 258 -14% EPS (Diluted) 20.66 17.17 -17% Private and Confidential 16
Slide 17: Financial Summary 2015-2018
INR Mn (except as stated) 2015 2016 2017 2018 Revenue 1,358 2,402 3,779 5,601 Expense 1214 2,080 3,293 4,842 EBITDA 144 322 486 759 EBITDA Margin (%) 11% 13.4% 12.9% 13.5% Interest 59 92 207 290 Depreciation 8.8 13 101 105 Other Income 15.2 15 48 30 Adj PBT 91 233 226 394 Tax 28 75 -74 136 Adj PAT 6
Slide 18: Management and Board
Mr. Amit Jain Mr. Rattan Lal Mr. Vijay Kumar Gupta Chairman - cum - Managing Aggarwal Whole - time Director Director CFO Mr. Amit Jain is an industrialist with an Mr. Rattan Lal Aggarwal is a graduate of Ajmer Mr. Vijay Kumar Gupta (B.E., DBM) has a vast experience of more than two decades in cable
Slide 19: Inception
Started manufacturing Jelly Incorporated as Chaudhari Name changed to CMI Started manufacturing of filled telecom cables, became Developed Jelly filled cables Metal Industries with Limited variety of cables like Telecom Came out with first public approved vendor of DOT and for Indian Railways busine
Slide 20: Product Range: Power and Telecom Cables
Bare Overhead Conductor Extra High Voltage Power Medium & High Voltage Aerial Bunched Cables Thermocouple Cables Fire Alarm Cables Power Generation, Cables Power Cables Power Generation, Power Generation, Power Generation, Distribution and Power Generation, Power Generation, Distribution and Distrib
Slide 21: Railway Signalling and Power Cables
Railway Signalling & Balise Cables Axle Counter Quad Hard Drawn Copper Incorporate Indoor & Axle Counter Cables Power Cables Railways and Metros Cables Contact Wires Outdoor Signalling & Railways and Metros Railways and Metros Railways and Metros Railways and Metros Power Cables Railways and Metros
Slide 22: Thank You
Thank You CONTACT Anupam Saxena Head - Corporate Communications +91 9999072800, +91 9599700403 anupam@cmilimited.co.in