Maheshwari Logistics Ltd. · NSE:MAHESHWARI
Maheshwari Logistics — FY2019 Earnings Presentation
33 slides from Maheshwari Logistics's earnings presentation, Aug 2, 2019
Slide 1: Maheshwari Logistics Limited
" Maheshwari Logistics Limited Moving Every Mile With A Smile SYMBOL: MAHESHWARI ISIN: INE263W01010 Date: 02.08.2019 To The Manager-Listing Department The National Stock Exchange of India Limited Exchange Plaza, NSE Building, Bandra kurla Complex, Bandra East, Mumbai-400051 Subject: Submission of In
Slide 2: Investor Presentation
INVESTOR PRESENTATION tthe yess Ea uy Maheshwari Logistics Limtied Moving Every Mile With A Smile
Slide 3: Disclaimer
Disclaimer • This presentation and the accompanying slides (the “Presentation”), which have been prepared by Maheshwari Logistics Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any
Slide 4: FY19 - Financial Highlights
FY19 - Financial Highlights 1,037 46.5 14.8 Rs. Crores Rs. Crores Rs. Crores 19% YoY 32% YoY 27% YoY REVENUE EBITDA PAT Robust revenue growth along with margin expansion Maheshwari Logistics Limtied 3 Moving Every Mile With A Smile
Slide 5: Maheshwari Logistics Limited (MLL)
Maheshwari Logistics Limited (MLL) Diversified business model present in Logistics | Paper | Coal Handling 5+ decade of experience and promoted by Maheshwari and Kabra family Own fleet of 100+ Trucks and Trailers & 90,000 MT Capacity Paper plant at Vapi Wide Spread Presence over 21 Operating Offices
Slide 6: Journey
Journey 5 Decade old family business transformed into mini conglomerate Migrated to NSE Main Board Incorporation of Crossed a Fleet Award Won Maheshwari Logistics of 125 Trucks Best Logistics Company Commencement of SKOCH MSME Excellence Private Limited 20 Operating SME Sector Paper Manufacturing Pl
Slide 7: Our Vision and Mission
Our Vision and Mission keeps us motivated and defines our every action − VISION To achieve success and be a premium company with clear focus on our values without missing any opportunity − MISSION To deliver excellent and timely services to our customers and maximum benefits to our shareholders as w
Slide 8: Diversified Business Verticals
Diversified Business Verticals Logistics Paper • Ventured into manufacturing of Kraft Paper in 2015 • Offer full truck load services to large and medium • Manufacturing capacity of 90,000 MT per annum, enterprises increased from 72,000 due to plant improvements • Service across Gujarat, Rajasthan, M
Slide 9: Network of Offices
Network of Offices Rajasthan Jodhpur Udaipur Gujarat Kotputli Surat Nimbahera Dahej Barmer Gotan Hazira No. of Offices 6 Magdala Jamnagar Gandhiham Morbi No. of Offices 7 Ahmedabad Office Maharashtra Nagpur Boisar Godhbander Shilphata No. of Offices 4 Vapi Head Office Karnataka Mangalore Bagalkot No
Slide 10: Experienced Management Team
Experienced Management Team Vinay Maheshwari Varun Kabra Amit Maheshwari Vipul Vashi Chairman MD Director Director Bachelor of Commerce from MBA from University of Bachelor of Commerce from Mechanical Engineer by Kanpur University and over Technology, Sydney and Kanpur University and over education
Slide 11: Marquee Clients
Marquee Clients Maheshwari Logistics Limtied 10 Moving Every Mile With A Smile
Slide 12: Our Strong Values and Discipline
Our Strong Values and Discipline, Helps us to deliver strong and consistent performance − DREAM big challenges and seeing them achieve − INTEGRITY and Honesty in our business practices − ETHICS integrity and sustainability sustains from fair ethics 11
Slide 13: Logistics
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Slide 14: Logistics – Among the largest organised player in Western India
Logistics – Among the largest organised player in Western India Customers Owned Fleet Strong foothold in the Cement Owned fleet of 100+ trucks • We offer full truck load services to sector, with almost all the and trailers, with an average medium and large enterprises, who cement manufacturers in ag
Slide 15: Logistics – Diversified Customer Base
Logistics – Diversified Customer Base Top Customers Industry Quantity Handled FY19 JK Cement Cement 4.15 Lakh Ultratech Cement 3.11 Lakh Nirma Cement Cement 2.68 Lakh Ambuja Cement 0.97 Lakh Total of Top 4 Customers 10.91 Lakh Total Quantity Handled (Tonnes) 29.55 Lakh Top 4 % of Total 36.92% Top 4
Slide 16: Kraft Paper
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Slide 17: Kraft Paper Manufacturing
Kraft Paper Manufacturing We ventured into manufacturing of Kraft Paper in 2015 through a strategic take-over of Daman Ganga Paper’s existing plant at Ambheti We manufacture 100% recycle Kraft Paper, which is used mainly in Packaging Industry We had an initial manufacturing capacity of 72,000 MT per
Slide 18: Coal Handling
Coal Handling 17
Slide 19: Coal Handling – Value addition to Logistics Business
Coal Handling – Value addition to Logistics Business Coal is the most widely used fuel source We procure of coal either through imports or among industries. Small and medium through high seas purchases from other enterprises are dependent on supply chain importers as well as Petcoke from providers l
Slide 20: Our Experience and Proactive Nature Helps us achieve sustainable growth
Our Experience and Proactive Nature Helps us to achieve a sustainable growth performance − Diversified business presence − CAPEX for modernization − Efficient operating performance 19
Slide 21: Logistics Outlook
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Slide 22: Indian Logistics Industry - Bound to Grow
Indian Logistics Industry - Bound to Grow Estimated size of the Indian logistics industry (USD bn) 1 0% Structural reforms (GST, e-way bill) and infrastructure push (DFC, GR 215 CA Sagarmala) alleviating key industry bottlenecks 8 % GR 160 CA Reforms levelling the playing field for organised players
Slide 23: Logistics Industry Dynamics
Logistics Industry Dynamics Market Size Past 5 Year Future Growth Industry (Rs. Bn) CAGR (%) Expectation (%) Road - FTL 6,300-6,500 10-12 8-10% Road - LTL 700-750 01-12 10-12% Container rail 80-85 06-01 1-8% Coastal shipping / 45-50 10-12 1-10% Inland waterways Express 250 18-20 15-17% CFS/ICD 50-55
Slide 24: Huge Opportunity for Organised Players
Huge Opportunity for Organised Players Road logistics has the largest share of the industry… Total Logistics industry 100% Road Rail Waterways Air + pipeline Organised logistics industry 4% 6% 9% 10% 23% 36% 28% 25% 19% 3% 12% Top 10 players 28% 18% 5% 62% 49% 38% 40% …still very fragmented and big
Slide 25: Kraft Paper Outlook
“Kratt Papef Outlook. as ‘goes |)
Slide 26: India is the fastest growing major paper market in the world
India is the fastest growing major paper market in the world India’s Products Volume Projected CAGR (2021/2017) segmental Market Share Global India Global India Newsprints 46.6 2.6 -0.028 1.0% 15% Writing and printing paper-Coated Paper 25.8 0.8 -0.50% 6.00% 5% Writing and printing paper 54.2 4.3 -0
Slide 27: Growth in Performance is Reflected in the Company's Financials
Growth in Performance is Reflected in the Company’s Financials − Robust financial performance − Margin expansion − Disciplined Balance Sheet 26
Slide 28: Key Performance Trend
Key Performance Trend REVENUE EBITDA PAT 46.5 14.8 1,037 870 35.2 11.6 738 9.7 27.9 601 23.5 533 7.3 6.5 17.5 FY15 FY16 FY17 FY18 FY19 FY15 FY16 FY17 FY18 FY19 FY15 FY16 FY17 FY18 FY19 All Figures in Rs. Crores Maheshwari Logistics Limtied 27 Moving Every Mile With A Smile
Slide 29: Key Performance Trend
Key Performance Trend TOTAL DEBT/EQUITY RATIO (X) CURRENT RATIO (X) NET WORTH (RS CR) 1.5 116.8 1.1 1.0 1.4 1.4 102.9 1.3 0.9 1.2 92.1 0.7 0.6 58.9 49.5 FY15 FY16 FY17 FY18 FY19 FY15 FY16 FY17 FY18 FY19 FY15 FY16 FY17 FY18 FY19 Maheshwari Logistics Limtied 28 Moving Every Mile With A Smile
Slide 30: Profit & Loss Account
Profit & Loss Account Particulars (Rs. Crore) FY15 FY16 FY17 FY18 FY19 Revenue from Operations 533.2 600.8 738.0 870.1 1,037.2 Raw Material Costs 328.7 345.8 437.3 598.6 560.9 Operating Expenses 164.7 212.4 251.3 210.1 395.9 Employee Cost 6.1 7.4 10.9 12.9 13.9 Other Expenses 16.1 11.8 10.6 13.3 20.
Slide 31: Balance Sheet
Balance Sheet Particulars (Rs. Crore) Mar-15 Mar-16 Mar-17 Mar-18 Mar-19 EQUITY AND LIABILITIES Share Capital 5.2 5.4 14.8 14.8 14.8 Total Reserves 44.3 53.5 77.3 88.1 102.0 Shareholder's Funds 49.5 58.9 92.1 102.9 116.8 Long-Term Borrowings 3.7 14.1 15.8 58.3 72.9 Deferred Tax Assets / Liabilities
Slide 32: Key Ratio
Key Ratio Ratios FY15 FY16 FY17 FY18 FY19 Interest Coverage Ratio 2.31 2.40 2.67 2.33 2.26 Return on Equity 13.06% 12.41% 10.55% 11.32% 12.66% Return on Assets 3.87% 3.36% 2.84% 3.43% 3.95% RoCE 28.37% 31.86% 21.47% 18.22% 21.31% Debt to Equity 0.58 0.86 0.72 1.10 1.04 Net Debt to Equity 0.40 0.62 0
Slide 33: Contact Us
Maheshwari Logistics Limtied Moving Every Mile with a Smile CONTACT US Maheshwari Logistics Limited Company Secretary Paresh Raiyani +91-81550-00688 cs@mlpl.biz 32