Slide 1: Filing letter: Investor Presentation Q2 FY24
MANURACTURER OF ELECTRICAL CONTACTS FOR LV, MY, HV & EHV SWITCHGEAR INDUSTRIES =) STE oe, A ODIS0 33 - Nariman Bhavan, 227 - Nariman Paint, . L Mumbai - 400021 India | Fra | [ Wi N T. +01-22-2202 6437 F: +01-22-2204 8008 \\g MVR E: salesfmodison. com W: www. modison com > 4 LimiITE Cin No. L51900MH1
Slide 2: Modison Limited
= -§ = ” onl TS MODISON LIMITE ~~
Slide 3: Safe Harbour
SAFE HARBOUR Except for the historical information contained herein, statements in this presentation and the subsequent discussions, which include words or phrases such as "will", "aim", "will likely result”, "would", "believe, "may", "expect”, "will continue’, “anticipate”, “estimate”, "intend", “p
Slide 4: Management Commentary
MANAGEMENT COMMENTARY "We saw increasing acceptance from Indian and global customers for our products leading to our topline increasing by 21% in Q2FY24. Our leadership position in HV business was fortified with volumes seeing a marked increase. We expect the said momentum to continue in foreseeable
Slide 5: Modison Ltd.
MODISON LTD. STRONG GLOBAL A publicly listed company PRESENCE 2 MANUFACTURING ONLY PLAYER WITH PLANTS CAPABILITY Modlison Lid, Vapi LV, MV and HV switchgear Madison Copper Pvt Ltd, Silvassa contacts GLOBAL TECHNOLOGY INTEGRATION NABL DODUCD Accredited Lab ISO CERTIFICATIONS ISO 9001:2015, ISD 14001:
Slide 6: Vision and Core Values
VISION CORE VALUES Modision is committed to meet the expectations Madison shall foster continuous caring culture, of our customers, employees & the stakeholders while meeting the expectations of Stakeholders, and continuously evolve ourselves in order to environment and society achieve vision
Slide 7: Company Overview
Slide 8: Company background and end-use industries
= Established in 1975 by Mr. G. L. Modi as a silver refining company = In 1878, recognizing the high potential for Electrical Contacts in switchgear industry Madison Ltd {ML) commenced manufacturing of silver and silver alloy wires, plates, strips and solid / bimetal contacts = (Only company globall
Slide 9: Milestones
MILESTONES CONTINUOUS INNOVATION & EXCELLENCE Founded as a trading Started manufacturing Collaboration with All HY contacts typa Major capex for Installed automatic unit for engineering electrical contacts and Doduco for AgW and tested and approved HV capacity increase contact welding and exports co
Slide 10: Global presence by country
NORTH SOUTH EUROPE MIDDLE ASIA AMERICA AMERICA EAST CANADA BRAZIL AUSTRIA NETHERLANDS IRAN SOUTH KOREA USA CROATIA POLAND KUWAIT JAPAN MEXICO ESTONIA ~~ RUSSIA CHINA FRANCE ~~ SWEDEN VIETNAM GERMANY SWITZERLAND HUNGARY TURKEY ITALY
Slide 11: Team
TEAM Founder & Managing Joint Managing Director Joint Managing Director Executive Director — Sales CEO Director and Technical
Slide 12: Key customers
TOUBR - = cea 5 —- FY LARSEN & TOUBRO eider ALSTOM BOMBARDIER Fm Ld ITSUBISHI pF 2 Lg 5 5. ES i's all about bmagineesing Electric the ww ethan of motility — a. Vik Prorir wl Venimarkiit Charges for the Better SIEMENS Fr wo G os bh eionsad Cl legrand’ §{» HYOSUNG A HYUNDAI Honeywell electric id hee R
Slide 13: Key customers (continued)
wv TATA TATA CHEMICALS LIMITED Grawer & Wall (India} Limited bhi Food Wesearndy oF Aratjsis Centre Limited i x DF . & 8, COVENTYA RETR Chem Mambo Tm Indusiries Frivale ei Limited A SDECL HL BE ETE A g= 2
Slide 14: Modison
MODISON
Slide 15: Product Portfolio
PRODUCT PORTFOLIO LOW MEDIUM HIGH PRECIOUS METAL VOLTAGE VOLTAGE VOLTAGE COMPOUNDS * Semis (AgNi, Agcdo,AgsnoZ wires) § 7 ; . i her Wicks! ® Arcing Contacts (Tulips) Silver Cadmium Oxide CuCrwith vacuum silver * honarcing contacts ® Silver Graphite brazing alloy — Eo Sines Ti nst * Copper Tungsten P
Slide 16: Silver Nitrate, Silver Sulphate, Silver Oxide
Silver Nitrate Silver Sulphate Silver Oxide CHEMICAL STRUCTURE CHEMICAL STRUCTURE CHEMICAL STRUCTURE IUPAC name lve) Nitrate, IUPAC name ilverl) Nitrate, Iver) Nitrate, Silver Nitrate Silver Nitrate IUPAC name Silver Nitrate CAS Number 7761-88-8 CAS Number 77471-88-8 CAS Number 7761-86-8 Chemical fo
Slide 17: Wide range of B2C products including bullion and cutlery
WIDE RANGE OF B2C PRODUCTS INCLUDING BULLION AND CUTLERY ENABLING CUSTOMER DIVERSIFICATION
Slide 18: Manufacturing
MODISON GROUP HO | L Niatliia Pit MANUFACTURING EXPERTISE Mumbai Seach, MODISON LTD SET UP FROM REFINING TO END PRODUCT MANUFACTURING ys AREA: 20938 sg mt BUILT UP 11.783 sgmit EMPLOYEES “= \0DISON COPPER PVT LTD AREA; 10.460 sq mt - - BUILT UP: 6.236 sq mt REVENUE
Slide 19: Manufacturing process and outcomes
NIITTCAOME —_ PROCESS UuiLumviE Fully equipped plant for silver Diversified product and copper refining range LV Fully automated processes with "Shorter production capacity of 1000 MT times PROACECC | {QCESS Clean room facility with vacuum Ultrafine and pure CuCR furnaces, packing and 4007 MY » elec
Slide 20: Certifications and accreditations
Nn in A I ING IC STENTLY ACHIEVING REGULA : oS STEnm DNV certification for manufacture and Research sale of electrical contacts for HV and LV Laboratory certified by se & i switchgear industry: NOI J National Accreditation > DNV: “J Quality: ISO 9001 (2015 version) Board for Testing and 2001=150 140
Slide 21: Modison
MODISoN
Slide 22: Quarterly financial performance
TOTAL INCOME (F MN} EBITDA (2 MN) AND MARGIN (%)" 913 303 7g O° 86 I EN EE EE = 02FY73 Q3FYZ3 Q4FY23 DIFY24 Q2FY24 Gabvas WERE ORS: QUNES Rd PROFIT AFTER TAX (Z MN} EPS (2) STANI BNE 77 2.36 65 56 1.70 1.73 2» il jy 0.14 | I | oo - . 21 -0.63 Q2FY23 O3FV23 04FY23 OIFY24 Q2FY24 WA23 FYB QAFYZ3 QIFY24
Slide 23: Quarterly profit and loss
PARTICULARS (In 2 Mn unless stated) Q1FY24 Total Income 973 861 803 Operating Expenses” B76 768 778 EBITDA 97 92 25 EBITDA Margin 10% 11% 3% | Finance Cost 6 3 2 ' Depreciation 15 19 16 Profit Before Tax 76 74 7 | Taxes 20 19 3 Profit after Tax b6 55 5 | PAT Margin 6% %o 1% EPS (2) 1.73 1.70 0.14 **
Slide 24: Annual profit and loss
L PROFIT & PARTICULARS (In # Mn unless stated) FY2023 FY2022 FY2021 FY2020 Total Income 3,362 3.412 2,936 2,222 2,210 Operating Expenses’ 3,128 3,128 2.557 1.852 1,880 EBITDA 234 284 379 270 330 | EBITDA Margin 7% 8% 13% 12% 15% ' Finance Cost 17 20 20 20 22 | Depreciation 63 66 61 62 64 Profit Befo
Slide 25: Balance Sheet
BALANCE SHEET PARTICULARS (In F Mn) Non-C urrent Assets 851 794 746 747 651 Current Assets 1,364 1,348 1,280 1,160 1,150 Cash & cash equivalents a 41 2 12 1 Total Assets 2,215 2,142 2,026 1,807 1,801 EQUITY & LIABILITIES Total Equity 1,871 1,758 : 1,642 1,465 1,373 Revaluation Reserve 4 4 4 3 3 | No
Slide 26: Growth strategy
Innovation via Development of New Products for achieving Scale and Differentiation Focus on Automation and Digitalisation for Efficient Production with Precision and Quality Entry into new Geographies for Market Diversification Lean Six Sigma and Execution excellence for Performance Improvement, Was
Slide 27: Investment highlights
4 decades track record in India electrical contacts manufacturing industry resulting in market leadership in LY and HY segment Diverse presence in new and high growth sectors including pharmaceuticals, railways and renewable energy Global market presence through exports comprising ~20% revenues, sig
Slide 28: Customer visits
« Visit to Schneider Electric . + Visit to ABB Ltd. « Visit to IEEMA Annual Convection 2023
Slide 29: Engagement Activities
ENGAGEMENT ACTIVITIES = Training on Performance Management INE System at Head Office and Vapi. EAM. ONE = 15th August Celebration at Office & REAM” Factory. : » HR Training on Motivation. + Celebration of Festivals for Employee Motivation.
Slide 30: Community initiatives
0DISO » Runs Modison Charitable Trust ONGLY + Provides drinking water from its RO plant B - EVES IN - + Runs Maternity Hospital | 3 BALK « Contributes for pediatric heart surgeries hneiagripnidasiy * Contributes for pediatric cancer patients M2 KING A g| AA (|= Contributes for treatment of TB patien
Slide 31: Contact
MOBDISON For further information, please contact 912222026437 Mr. Ravi Udeshi = shareholder@modison.com EY ¢ +8172 6192 0000 = raviudeshid@in ey.com ustey pul lestin ne nas pean vised fos this present This mEi=nal was used during is Spy ar ino pall im af manner © larmog er arks of thai: dapaclive sw
Slide 32: Investor Communication Q2 FY24
Modison Limited MODISON Investor Communication | Q2 FY24 Q2 FY24 Total Income at Rs. 973 Mn., EBITDA at Rs. 97 Mn., PAT at Rs. 56 Mn. Mumbai, November 2, 2023 — Madison Ltd (BSE Code: 506261, NSE Code: MODISONLTD), manufacturer of electrical contacts announced financial results for the second quarte
Slide 33: Investor Communication Q2 FY24: contact and disclaimer
Modison Limited MODISON Investor Communication | Q2 FY24 is ISO 9001:2015, 1SO 14001:2015, 1SO45001:2018 accredited and its lab is also accredited by the National Accreditation Board for Laboratories (NABL) for chemical and mechanical testing which is testament of its high quality levels. For detail