Mmp Industries Ltd. · NSE:MMP
Mmp Industries — Q3 FY2022 Earnings Presentation
26 slides from Mmp Industries's earnings presentation, Feb 25, 2022
Slide 1: Cover letter to NSE for Q3 FY22 investor presentation
MMP lndustries Limited B-24, MIDC, Hingna Road, NagpuFl40016 CIN : 132300MH1973P1C030813 Tet Emait Web : (07104) 668000, : sates@mmpil.com : www.mmpit.com ,vl rtD THROUGH ONLINE FILING Re1. No.: MMPIL / NSE / 2022 / 010 Friday. the 25 day olFebruary 2022 The Manager, Listing Department, National Sto
Slide 2: Leadership & Excellence In Aluminium - Investor Presentation
Leadership & Excellence In Aluminium I N V E S TO R P R E S E N TAT I O N F E B RUARY 2 0 2 2
Slide 3: Agenda
Agenda About MMP Industries Business/Industry Overview Financial Overview Investment Rationale
Slide 4: About MMP Industries Limited (MMPIL)
About MMP Industries Limited (MMPIL) Leading Manufacturer Of • Aluminum Powders • Aluminum Foils • Aluminum Conductors / Cables
Slide 5: MMPIL at a glance
MMPIL at a glance ALUMINIUM POWDERS • Significant investment in R&D to develop 3 Y AVG. REVENUE CAPACITY various grades of Aluminium powder and CONTRIBUTION Leading manufacturer of aluminium powders, aluminium 20,000 MTPA 91% related products. foils and aluminium conductors / cables for various indu
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 65 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 Managing Director
Slide 8: Milestones
Milestones 1981 1990 1996 2004 2011 2016 2020 Technical know- First atomizer ISO 9001 Sales cooperation Setting up of the Joint venture Migrated to Main how agreement commissioned certification with AVL Aluminium Agreement with Board to NSE with AVL Belgium (Belgium) for Conductor Toyo Aluminium var
Slide 9: Manufacturing Units
Manufacturing Units • 3 manufacturing facilities located near Nagpur, Maharashtra Strategic location in central CONCRETE • Unit I – Maregaon, Dist. Bhandara (aluminium powders and aluminium India with proximity to the Presence of leading AAC Manufacturers conductors / cables) manufacturing hub for a
Slide 10: Product Portfolio
Product Portfolio Revenue share by end user EXISTING BUSINESS NEW BUSINESS ALUMINIUM POWDERS ALUMINIUM CONDUCTORS ALUMINIUM FOIL* CAPACITY : 20,000 MTPA CAPACITY : 5,000 MTPA CAPACITY : 7,200 MTPA End User Revenue Share: 7.31% Revenue Share Explosives/ Others 28.85% Mining PHARMACEUTICALS Revenue Sh
Slide 11: Sumitomo Chemical and other partner logos
HiL / (ff assoc / Wop. | Sis. 8 / parse | biltech / magicrete ‘2, ¢ ts. Fie Toyal Group ‘Sumitomo Chemical AVL SisEr Fabadkogll beLicall cet NATIONAL INDUSTRIES COMPANY
Slide 12: Business & Industry Overview
Business & Industry Overview
Slide 13: 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 14: 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
Slide 15: Aluminium Foils (new business)
Aluminium Foils (new business) 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 edibles Building designed to enable double capacity of a
Slide 16: Industry Overview
Industry FOIL STOCK Overview ELECTRICAL 12% 9% PACKAGING High profitability and MACHINERY accretive cash flows 8% expected for aluminium 11% manufacturers DURABLES 6% Half of semi-finished aluminum products consumed by the transport & construction industries Aluminium prices likely to remain elevate
Slide 17: Financial Overview
Financial | Overview
Slide 18: Financial Highlights
Financial Highlights Revenue (₹Mn.) EBITDA (₹Mn.) PAT (₹Mn.) 1,165 Q U A R T E R L Y 98 83 664 66 50 Q3 FY21 Q3 FY22 Q3 FY21 Q3 FY22 Q3 FY21 Q3 FY22 Revenue (₹Mn.) EBITDA (₹Mn.) PAT (₹Mn.) M O N T H S 2,952 282 1,544 183 198 105 N I N E 9M FY21 9M FY22 9M FY21 9M FY22 9M FY21 9M FY22
Slide 19: Quarterly Segmental Performance
Quarterly Segmental Performance ALUMINIUM POWDERS (₹Mn.) ALUMINIUM CONDUCTORS(₹Mn.) ₹911 ₹45 ₹764 ₹33 ₹33 ₹624 Q3 FY21 Q2 FY22 Q3 FY22 Q3 FY21 Q2 FY22 Q3 FY22 ALUMINIUM Foils* (₹Mn.) ₹200 ₹120 Q2 FY22 Q3 FY22 *New Business
Slide 20: Consolidated Income Statement
Particulars (₹ Mn) Q3FY22 Q2FY22 Q3FY21 9MFY22 9MFY21 Total Income 1,165 925 664 2,952 1,544 Total Expenses 1,067 824 581 2,670 1,360 Consolidated EBITDA 98 101 83 282 184 EBITDA Margin (%) 8% 11% 13% 10% 12% Income Finance Cost (Net) 12 9 4 26 11 Statement Depreciation 16 16 11 46 32 PBT 70 76 68 2
Slide 21: Historical Segmental Performance
ALUMINIUM POWDERS (₹Mn.) ₹2,106 ₹1,971 ₹2,011 ₹1,768 Historical Segmental Performance FY18 FY19 FY20 FY21 ₹576 ₹575 ₹353 ₹169 ALUMINIUM CONDUCTORS(₹Mn.)
Slide 22: Historical Consolidated Income Statement
Particulars (₹ Mn) FY19 FY20 FY21 Total Income 2,646 2,448 2,318 Total Expenses 2,315 2,142 2,047 Historical EBITDA 331 306 270 Consolidated EBITDA Margin (%) 13% 12% 12% Income Finance Cost (Net) Depreciation 28 20 23 31 17 45 Statement PBT 283 251 208 Share of Profit / (Loss) 22 (7) 17 of Associat
Slide 23: Historical Consolidated Balance Sheet
Historical Consolidated Balance Sheet Particulars (₹Mn) FY20 FY21 H1FY22 Particulars (₹Mn) FY20 FY21 H1FY22 ASSETS EQUITY AND LIABILITIES Non-Current Assets Shareholder's funds Property, Plants and Equipment Share Capital 254 254 254 Tangible Assets 885 1,110 1,407 Reserves and Surplus 1,654 1,836 1
Slide 24: Investment Rationale
~ Investment Rationale
Slide 25: Foray into Aluminium Foil adds a new value added vertical
Foray into Aluminium Foil will not only add a new value added vertical to the business but also boost the top line and margins over the medium term. Increasing demand for foils in the Pharmaceutical sector will provide a huge tailwind to this segment The Joint Venture with Toyo Aluminium is turning
Slide 26: Thank You
Thank You For further information, contact: Sharad Khandelwal Siddesh Chawan CFO, MMP Industries Ltd E: sharadk@mmpil.com E: schawan@christensenir.com