Mishra Dhatu Nigam Ltd. · NSE:MIDHANI
Mishra Dhatu Nigam — Investor Presentation (August 2019)
25 slides from Mishra Dhatu Nigam's investor presentation, Aug 8, 2019
Slide 1: Exchange filing cover letter: Investor Presentation
— a ISH - ‘HATU NIGA LIMITED (~u~er ~ ~DHANI (A. Govt. of India Enterprise) (Th~) (MINI RATNA COMPANY) AN ISO 9001 :2008 COMPANY SUPE ALLOYS PLAN ‘~~i’i ~. U14292TG1973G01001660 CIN: U14292TG1973G01001660 ~ :q~q’iii~i, ‘i~i~ -500058. ~fT~ P.O. Kanchanbagh, Hyderabad 500 058. India - ~1IT~ :O4O-24184
Slide 2: Corporate Presentation August 2019
Corporate Presentation August 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 Specialty 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 9001:2008, CUSTOMERS IN THE PRODUCT DEVELOPMENT 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) K. Sivasubramanian V.S. Srinivasan (GGM – Technology) (GM – Dr. S. K. Jha Energy Management) D. Gopikrishna (Director – P&M) (GGM -Commercial) Rama Ramesh Babu Dr. D. K. Likhi (GM –Melts) (C & MD) Atchutaram Dasu P. Sashidharan (GM – Operations) (GM
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 28.7% 35.0% 8,097 25.8% 30.0% 15.6% 19.7% 18.4% 7,108 1,900 1320 25.0% 22.9% 25.0% 1300 20.0% 1,880 20.0% 1280 15.0% 1,860 6,661 15.0% 1260 10.0% 1,840 10.0% 1240 5.0% 1263 1313 1306 1,820 5.0% 1220 0.0% 1,853 1,909 1,837
Slide 18: Quarterly Performance
QUARTERLY PERFORMANCE Revenue from Operations EBITDA[1] PAT ₹ Mn ₹ Mn ₹ Mn 1,321 400 28.3% 30.0% 350 250 25.0% 17.4% 20.0% 1,060 300 19.9% 18.1% 200 12.1% 250 20.0% 15.0% 922 150 8.9% 200 15.0% 10.0% 100 230 150 10.0% 50 128 5.0% 100 82 50 5.0% 0 0.0% 167 211 374 0 0.0% Jun-17 Jun-18 Jun-19 Jun-17 J
Slide 19: Annexures
I ANNEXURES
Slide 20: Summary Statement of Assets & Liabilities (1/2)
SUMMARY STATEMENT OF ASSETS & LIABILITIES (1/2) ₹ Mn ₹ Mn Particulars FY17 FY18 FY19 June-19 ASSETS: Non-current assets Property, Plant and Equipment 3,264.39 3,427.75 4,236.70 4,237.53 Capital work-in-progress 62.05 649.93 1,750.47 2,781.58 Intangible assets 9.38 16.58 12.77 12.17 Financial Assets
Slide 21: Summary Statement of Assets & Liabilities (2/2)
SUMMARY STATEMENT OF ASSETS & LIABILITIES (2/2) ₹ Mn ₹ Mn Particulars FY17 FY18 FY19 June-19 EQUITY AND LIABILITIES EQUITY Equity share capital 1,873.40 1,873.40 1,873.40 1,873.40 Other Equity 5,170.04 6,016.95 6,473.69 6,697.77 Total Equity 7,043.44 7,890.35 8,347.09 8571.17 LIABILITIES Non-current
Slide 22: 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 23: Summary Statement of Profit & Loss – Quarter-wise
SUMMARY STATEMENT OF PROFIT & LOSS – QUARTER -WISE ₹ Mn Particulars June-17 June-18 June-19 REVENUE Revenue From Operations 921.80 1,060.18 1,321.47 Other Income 60.33 65.74 63.96 Total Income 982.13 1,125.92 1,385.43 EXPENSES Cost of material consumed 134.59 309.24 1127.62 Excise Duty 44.26 - - Cha
Slide 24: 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 25: 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
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