Mmp Industries Ltd. · NSE:MMP
Mmp Industries — Q2 FY2023 Earnings Presentation
24 slides from Mmp Industries's earnings presentation, Nov 12, 2022
Slide 1: Exchange filing cover letter for investor presentation
THROUGH ONLINE FILING Ref. No.: MMPIL / NSE / 2022-23/49 Saturday, 12th November 2022 The Manager, Listing Department, National Stock Exchange of India Limited “Exchange Plaza”, C - 1, Block G, Bandra –Kurla Complex, Bandra(East), Mumbai– 400051 MH IN Sub: Investors Presentation for the Un-audited F
Slide 2: Leadership & Excellence in Aluminium - Investor Presentation November 2022
Leadership & Excellence In Aluminium I N V E S TO R P R E S E N TAT I O N NOVEMBER 2022 1
Slide 3: Agenda
Agenda About MMP Industries Business/Industry Overview Financial Overview Investment Rationale 2
Slide 4: About MMP Industries Limited (MMPIL)
About MMP Industries Limited (MMPIL) Leading Manufacturer of • Aluminum Powders (Bhandara, Hingna & Umred) • Aluminum Foils (Umred) • Aluminum Conductors / Cables (Bhandara) 3
Slide 5: MMPIL at a glance
MMPIL at a glance ALUMINIUM POWDERS • Significant investment in development of FY 2022 REVENUE Leading manufacturer of CAPACITY CONTRIBUTION various grades of Aluminium powders and aluminium powders, aluminium foils and aluminium conductors / 23,000 MTPA 77% Pharma grade Packaging Foils. cables for
Slide 6: Valuable Partners
Valuable Partners MMPIL 01 Promoter Holding: 74.48% | Public Holding: 25.52% STAR CIRCLIPS & ENGINEERING LTD. 02 MMPIL Holding: 26.06% | Promoter Holding: 73.94% • Largest manufacturer of Circlips, retaining rings and carbon steel fasteners in India • Portfolio of 800+ products supplied to the Globa
Slide 7: Leadership Team
Leadership Team Mr. Arun Bhandari, aged 66 years, is a B. Tech in Chemical Engineering from Institute of Technology, Banaras Hindu University, Varanasi with extensive industrial projects, Mr. ARUN BHANDARI operations, and management experience. Mr. Bhandari started his career as a GET at Managing Di
Slide 8: Milestones
Milestones 1981 1990 1996 2004 2011 2016 2020 2022 Technical know- First atomizer ISO 9001 Sales cooperation Setting up of the Joint venture Migrated to Received how agreement commissioned certification with AVL Aluminium Agreement with Main Board to significant with AVL (Belgium) for Conductor Toyo
Slide 9: Manufacturing Units
Manufacturing Units Capacity (MTPA) • 3 manufacturing facilities located near Nagpur, Maharashtra Division Installed FY23 Upcoming FY24 Total • Unit I – Maregaon, Dist. Bhandara (aluminium powders and aluminium Powders conductors / cables) Atomised 12,000 -- 12,000 Pyro & Flakes 11,000 1,500* 12,500
Slide 10: Product Portfolio
Product Portfolio Revenue share by end user EXISTING BUSINESS FY22 ALUMINIUM POWDERS ALUMINIUM FOILS ALUMINIUM CONDUCTORS/CABLES CAPACITY : 22,000 MTPA CAPACITY : 5,000 MTPA CAPACITY : 7,200 MTPA Revenue Share: 77% Revenue Share: 18% Revenue Share: 4% End User Grade wise Revenue Share Explosives/ 31
Slide 11: Customer logos
sould 7 parse | biltech 7 magicrete ‘2 ts. = Toyal Group ‘Sumitomo Chemical AVL Si | Fabadogll cl eli ip NATIONAL INDUSTRIES COMPANY
Slide 12: Pharma customer logos
torrent Caled PHARMA ajanta pharma limited HETERO HEALTHCARE SAA Aa Tablets (India) Limited Ges 5 / @ ) | ee * madras pharma / CapPLiN POINT LABORATORIES LTD. Anglo-French ond & Industries Ltd.
Slide 13: Business & Industry Overview
Business & Industry Overview 12
Slide 14: Aluminium Powders
Aluminium Powders EXPLOSIVE INDUSTRY It is a sensitizer in the production of explosives and provides the energy for explosion and blasting power Set up its first capacity in 1983 for aluminium powders in technical CONSTRUCTION (AAC BLOCK) collaboration with a Belgium company Ets. • Aluminium is used
Slide 15: Aluminium Foils
Aluminium Foils PHARMACEUTICALS Plain and printed blister & strip packaging in the pharma industry Integrated foil project for making bare foil, converted foil (coated, laminated, printed) FOOD PACKAGING Chocolates and household Building designed to enable edibles doubling of capacities of all secti
Slide 16: Aluminium Conductors / Cables
Aluminium Conductors / Cables MMPIL offers transmission and distribution conductors that are used for overhead transmission of power TOTAL INSTALLED Considering growing demand CAPACITY MTPA Company has set-up a forward integration capacity of Aerial Bunch Cables 15
Slide 17: Financial Overview
Financial Overview 16
Slide 18: Financial Highlights
Financial Highlights Revenue (₹Mn.) EBITDA (₹Mn.) PAT (₹Mn.) 1,191 925 101 73 75 34 Q2 FY22 Q2 FY23 Q2 FY22 Q2 FY23 Q2 FY22 Q2 FY23 Revenue (₹Mn.) EBITDA (₹Mn.) PAT (₹Mn.) 2,674 184 1,787 145 132 81 H1 FY22 H1 FY23 H1 FY22 H1 FY23 H1 FY22 H1 FY23 *New Business 17
Slide 19: Segmental Performance
Segmental Performance ALUMINIUM POWDERS (₹Mn.) ALUMINIUM Foils (₹Mn.) ALUMINIUM CONDUCTORS(₹Mn.) 839 764 308 120 33 36 Q2 FY22 Q2 FY23 Q2 FY22 Q2 FY23 Q2 FY22 Q2 FY23 ALUMINIUM POWDERS (₹Mn.) ALUMINIUM Foils (₹Mn.) ALUMINIUM CONDUCTORS(₹Mn.) 1,920 621 1,471 118 226 77 H1 FY22 H1 FY23 H1 FY22 H1 FY23
Slide 20: Consolidated Income Statement
Consolidated Income Statement Particulars (₹ Mn) Q2FY23 Q1FY23 Q2FY22 H1FY23 H1FY22 Total Income 1,191 1,483 925 2,674 1,787 Total Expenses 1,118 1,411 824 2,529 1,603 EBITDA 73 72 101 145 184 EBITDA Margin (%) 6% 5% 11% 5% 10% Finance Cost (Net) 12 9 8 21 15 Depreciation 17 17 16 34 30 PBT 45 45 76
Slide 21: Consolidated Balance Sheet
Consolidated Balance Sheet Particulars (₹Mn) H1FY23 FY22 Particulars (₹Mn) H1FY23 FY22 ASSETS EQUITY AND LIABILITIES Non-Current Assets Shareholder's funds Property, Plants and Equipments 1,514 1,465 Share Capital 254 254 Intangible Assets 5 7 Reserves and Surplus 2,175 2,126 Capital Works in Progre
Slide 22: Investment Rationale
Investment Rationale 21
Slide 23: Investment rationale: new rolling mill and capacity expansion
The internally funded project of new rolling mill will more than double the capacity and also add new light gauge manufacturing possibilities, which will widen our product basket where the margins are higher. The Company has planned further capacity expansion of 1500 MTPA for pyro and flake powders
Slide 24: Thank You
Thank You For further information, contact: Sharad Khandelwal Siddesh Chawan CFO, MMP Industries Ltd Ernst & Young LLP, Investor Relations E: sharadk@mmpil.com E: Siddesh.Chawan@in.ey.com 23