Mmp Industries Ltd. · NSE:MMP
Mmp Industries — Q2 FY24 Earnings Presentation
25 slides from Mmp Industries's earnings presentation, Nov 8, 2023
Slide 1: Cover letter to NSE for Q2 FY24 investor presentation
Wednesday, 8th November, 2023 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 Unaudited Financial Results of the Company for the Quarter (Q-2)/FY2
Slide 2: Leadership & Excellence in Aluminium - Investor Presentation November 2023
Leadership & Excellence In Aluminium INVESTOR PRESENTATION November 2023 1
Slide 3: Agenda
Agenda 1 About MMP Industries 2 Business/Industry Overview 3 Financial Overview 4 Investment Rationale © 2023 MMP Industries Limited, All Rights Reserved. 2
Slide 4: About MMP Industries Limited (MMPIL)
About MMP Industries Limited (MMPIL) 3
Slide 5: MMPIL At A Glance
MMPIL At A Glance Leading manufacturer of Association with Global aluminium powders, Industry leader “Toyo Pioneer in AAC Block aluminium foils and aluminium Aluminium K.K. Japan” segment conductors / cables in construction industry with an would help in moving up the value extensive range of alumin
Slide 6: Valuable Partners
Valuable Partners MMPIL Promoter Holding: 74.48% | Public Holding: 25.52% STAR CIRCLIPS & ENGINEERING LTD. 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 Global Auto
Slide 7: Leadership Team
Leadership Team Mr. ARUN BHANDARI Mr. MAYANK BHANDARI Mrs. SAKSHI BHANDARI Managing Director Director Member of Promoter Group Mr. Arun Bhandari, aged 66 years, is a B. Mr. Mayank Bhandari, aged 37 years, is Mrs. Sakshi Bhandari, aged 36 years, is Tech in Chemical Engineering from son of Promoter Sh
Slide 8: Milestones
Milestones Technical know- First atomizer ISO 9001 Sales cooperation Setting up of the Joint venture Migrated to Main Received how agreement commissioned certification with AVL Aluminium Agreement with Board to NSE significant with AVL (Belgium) for Conductor Toyo Aluminium approvals from Belgium va
Slide 9: Manufacturing Units
Manufacturing Units 3 manufacturing facilities located near Nagpur, Capacity (MTPA) Maharashtra Division Installed FY23 Upcoming FY24 Total Powders Atomised 12,000 -- 12,000 Unit I – Maregaon, Dist. Bhandara (aluminum powders and aluminum conductors / cables) Pyro & Flakes 11,000 3,300* 14,300 Leafi
Slide 10: Product Portfolio
Product Portfolio ALUMINIUM ALUMINIUM POWDERS ALUMINIUM FOILS CONDUCTORS/CABLES CAPACITY : 26,600 MTPA CAPACITY : 5,000 MTPA CAPACITY : 7,200 MTPA Revenue Share: 68%* Revenue Share: 19%* Revenue Share: 12%* End Grade wise User Revenue Share OTHERS Explosives/Mining 35% HOME FOILS/CONTAINERS Revenue
Slide 11: Marquee Customers - Powders
Marquee Customers - Powders Sumitomo Chemical © 2023 MMP Industries Limited, All Rights Reserved. 10
Slide 12: Marquee Customers - (Foils)
Marquee Customers - (Foils) © 2023 MMP Industries Limited, All Rights Reserved. 11
Slide 13: Business & Industry Overview
Business & Industry Overview 12
Slide 14: Aluminium Powders
Aluminium Powders Alumnium Powders Segment End User Industry Set up its first capacity in 1983 for aluminium powders EXPLOSIVE INDUSTRY in technical collaboration with a Belgium company Ets. It is a sensitizer in the production of explosives and Andre Van Lerberghe (now called AVL Metal Powders) pro
Slide 15: Aluminium Foils
Aluminium Foils Alumnium Foils Segment End User Industry Integrated foil project for making bare foil, PHARMACEUTICALS converted foil (coated, laminated, printed) Plain and printed blister & strip packaging in the pharma industry Building designed to enable doubling of capacities of all sections wit
Slide 16: Aluminium Conductors / Cables
Aluminium Conductors / Cables MMPIL offers transmission and distribution conductors that are used for overhead transmission of power Considering growing demand Company has set-up a forward integration capacity of Aerial Bunch Cables TOTAL INSTALLED CAPACITY 7200 MTPA © 2023 MMP Industries Limited, A
Slide 17: Financial Overview
Financial Overview 16
Slide 18: Management Commentary
Management Commentary “We are pleased to share the performance highlights for the monsoon quarter ending September 2023. Despite historically being a low- demand period due to monsoons and the resulting slowdown in mining and construction activities, MMP Industries has demonstrated resilient growth.
Slide 19: Quarterly Financial Highlights
Quarterly Financial Highlights Revenue (₹Mn.) EBITDA (₹Mn.) PAT (₹Mn.) 1,191 1,268 73 81 47 34 Q2 FY23 Q2 FY24 Q2 FY23 Q2 FY24 Q2 FY23 Q2 FY24 ▪ Total Revenue was ₹1,268 mn for Q2 FY24 compared to ₹1,191 mn in Q2 FY23, an increase of 7% ▪ EBITDA stood at ₹81 mn for Q2 FY24 compared to ₹73 mn during
Slide 20: Quarterly Segmental Performance Revenue Highlights
Quarterly Segmental Performance Revenue Highlights Aluminium Powders (₹Mn.) Aluminium Foils (₹Mn.) ALUMINIUM Conductors(₹mn.) 839 870 308 276 109 36 Q2 FY23 Q2 FY24 Q2 FY23 Q2 FY24 Q2 FY23 Q2 FY24 ▪ Aluminium powder revenue at ₹870 mn for Q2 FY24 compared to ₹839 mn for Q2 FY23 ▪ Aluminium foils rev
Slide 21: Consolidated Income Statement
Consolidated Income Statement Particulars (₹ Mn) Q2FY24 Q1FY24 Q2FY23 H1FY24 H1FY23 Total Income 1,268 1,516 1,191 2,784 2,674 Total Expenses 1,187 1,399 1,118 2,586 2,529 EBITDA 81 117 73 198 145 EBITDA Margin (%) 6% 8% 6% 7% 5% Finance Cost (Net) 16 12 12 28 21 Depreciation 19 18 17 37 34 PBT 47 8
Slide 22: Consolidated Balance Sheet
Consolidated Balance Sheet Particulars (₹Mn) FY24 FY23 Particulars (₹Mn) FY24 FY23 ASSETS EQUITY AND LIABILITIES Non-Current Assets Shareholder's funds Property, Plants and Equipments 1,739 1,595 Share Capital 254 254 Intangible Assets 3 4 Reserves and Surplus 2,447 2,317 Capital Works in Progress 8
Slide 23: Investment Rationale
Investment Rationale 22
Slide 24: Investment Rationale
Investment Rationale 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 py
Slide 25: Thank you
Thank you For further information, contact: Sharad Khandelwal CFO, MMP Industries Ltd E: sharadk@mmpil.com Siddesh Chawan Ernst & Young LLP, Investor Relations E: Siddesh.Chawan@in.ey.com 24