Usha Martin Limited · NSE:USHAMART

Usha Martin — Q2 FY2011 Earnings Presentation

17 slides from Usha Martin's earnings presentation, October 2010

  1. Slide 1: An Integrated Speciality Steel & Global Wire Rope Company

    An Integrated Speciality Steel & Global Wire Rope Company STRENGTH THROUGH INTEGRATION

  2. Slide 2: Business Profile H1 FY11

    Business Profile H1’ FY 11 Global Turnover Rs 2,097 Crs (USD 457 Mn) Value Added Products Steel Others Rs 1,047 Crs Rs 1,012 Crs Rs 38 Crs (USD 228 Mn) (USD 220 Mn) (USD 9 Mn) Manufacturing Rs 837 Crs (USD 182 Mn) VA - Distb VA - Services 7% Others 3% 2% Distribution Rs 141 Crs Steel (USD 31 Mn) VA

  3. Slide 3: Consolidated Key Financials

    Consolidated Key Financials Rs in Crs STRENGTH THROUGH INTEGRATION

  4. Slide 4: Financial Trends

    Financial Trends Net Turnover & EBIDTA Margin Rs in Crs PAT & EPS Rs Rs in Crs ROCE & RONW Debt & DE Ratio Rs in Crs (X) Figures annualised based upon H1 numbers STRENGTH THROUGH INTEGRATION

  5. Slide 5: Global Footprint

    Global Footprint Glasgow ,UK Aberdeen, UK Nottinghamshire,UK Rotterdam Houston Norway Iron Ore & Coal Mines (Jharkhand) Baku Canada London Agra California Vietnam Kolkata Hoshiarpur Jakarta Johannesburg Australia Dubai Singapore Ranchi Bangkok Jamshedpur Manufacturing Facilities Distribution Centers

  6. Slide 6: Architecture of Integrated Business

    Architecture of Integrated Business Mineral Resource Power Module Iron Making Module Iron Ore Mine 18.3 MW 55 MW Blast Furnace DRI Est. Reserve 80 MnT Thermal 300 KT WHRB JSR Crushing & Screening 600 KT 200 KT Coal Block – “A- C” grade 51 MW 9 MW Est. Reserve 40 MT WHRB Thermal Sinter Plant O2 & Lim

  7. Slide 7: Strength Through Integration

    STRENGTH THROUGH INTEGRATION

  8. Slide 8: Operation & Financial Highlights

    Operation & Financial Highlights  Blast Furnace II & Sinter plant have commenced normal operation  Lower availability of DRI, due to planned shutdown, impacted performance  Growth in EBITDA margin from 17.3% to 21.2% on consolidated basis and from 17.4% to 21.3% on Stand Alone basis  Forex gain

  9. Slide 9: Production Volume Growth Consolidated

    Production Volume Growth Consolidated Rolled Bright Wires & Wire Billets Products Ropes Bars Strands QoQ 129,265 MT 120,623 MT 5,235 MT 33,226 MT 25,131 MT 68 38 59 15 2 % % % % % H1 o H1 250,216 MT 238,765 MT 9,653 MT 69,140 MT 47,724 MT 52 1 53 50 22 % % % % %

  10. Slide 10: Financial Highlights Consolidated

    Financial Highlights Consolidated Net Growth PBDIT PBT PAT Sales Qtr II 14% 43% 20% 41% QoQ H1 12% 38% 21% 36% YoY STRENGTH THROUGH INTEGRATION

  11. Slide 11: Financial Performance Consolidated

    Financial Performance Consolidated Qtr II QoQ H1 YoY Particulars FY 11 FY 11 Gross Sales 820.06 1,538.71 18 % 15 % Net Sales 763.55 14 % 1,436.70 12 % PBDIT 159.42 305.12 % of Sales 42 % 38 % 20.9 % 21.2 % PBT 68.33 20 % 129.13 21 % Net Profit 45.92 41 % 87.78 36 % EPS 1.51 16 % 2.88 12 %

  12. Slide 12: Sales Realisation - Rs per MT (Standalone)

    Sales Realisation - Rs per MT (Standalone) QoQ QoPQ QoQ QoPQ 8% 1% 1% 4% Wire Rods & Bar (46%) Wire Ropes (27%) QoQ QoPQ 7% 6% QoQ QoPQ 13 % 1% Wire & Strand (25%) Bright Bar (2%)

  13. Slide 13: Sales Realisation Y o Y (Standalone)

    Sales Realisation Y o Y (Standalone) Rs per Mt 10 % 1% Wire Rods & Bar (38%) Wire Ropes (35%) 10 % 13 % Wire & Strand (23%) Bright Bar (4%) STRENGTH THROUGH INTEGRATION

  14. Slide 14: Financial Ratios Consolidated

    Financial Ratios Consolidated Particulars Sep - 10 Mar – 10 ROCE (%) 14.9% 18.2% RONW (%) 10.4% 13.7% EPS - Annualised (Rs) 5.8 6.5 Debt Equity Ratio (x) 1.2 1.0 Debt / EBITDA Ratio (x) 3.5 3.6 Interest Cover (x) 3.7 3.9 Including capex L/C’s STRENGTH THROUGH INTEGRATION

  15. Slide 15: Revenue Distribution H1 FY11

    Revenue Distribution Middle East America H1 FY 11 5% 3% Asia Pacific 12% Europe 11% By Geographies (Integrated Business) India 69% Cable & Bright Bars Others Wire & 3% 3% Steel Strand 36% 19% By Products Wire Ropes Construction 35% Steel 4% STRENGTH THROUGH INTEGRATION

  16. Slide 16: Financial Discussions

    Financial Discussions  Cost optimisation projects for Rs 1200 Crores under implementation  Financial closure of projects being achieved  Moderation of Inventory levels is in process  Hardening in rates impacted finance cost  Weighted average rate of interest at 7.40 % STRENGTH THROUGH INTEGRATI

  17. Slide 17: Usha Martin

    f usha martin STRENGTH THROUGH INTEGRATION

Usha Martin — Q2 FY2011 Earnings Presentation on 6ix