Maithan Alloys Ltd. · NSE:MAITHANALL
Maithan Alloys — FY2022 Earnings Presentation
28 slides from Maithan Alloys's earnings presentation, Jun 16, 2022
Slide 1: Covering letter to stock exchanges
maithan alloys ltd ISO 9001 :2000 COMPANY Registered Office Ideal Cente, 4th Floor, 9, A.J.C. Bose Road, Kolkata - 7OO 017 T (033) 4063 2393, F (033) 2290 0383 E offi ce@maithanalloys.com 16thJune,2022 W wwwmaithanalloys.com ctN 127101WB1985PLC039503 1l 2) The Secretary Listing Department The Calcut
Slide 2: Investor Presentation June 2022
Investor Presentation June 2022
Slide 3: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Maithan Alloys 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 securi
Slide 4: Vision Values Mission
VISION MISSION VALUES To be India’s premiere Alloy Company ▪ Commitment To be India’s premiere Alloy Company that is built on the solid foundation of shareholder trust, customer commitment, ▪ Promising Excellent Shareholder Value ▪ Loyalty employee satisfaction and sustainable communities ▪ Nurturin
Slide 5: Maintaining the Maithan Edge
Maintaining the Maithan Edge
Slide 6: Key Differentiators
Key Differentiators Optimising Facilities Efficiency Strong Credibility Diversified for Maximising Expansion Plans Customer Base Returns International clients across 35 Lowest in the Cost Curve Source raw materials based on Strong credibility in the countries our product mix which largely Organic &
Slide 7: Maithan Edge
Maithan Edge Largest Manufacturer 20 Years Rich Experience Niche Products Robust Balance Sheet Net Cash Company Basket of the most Credit Rating: India’s largest Manganese Two decades of CARE AA Alloy Producer and experience and valuable Techno- CRISIL AA Exporter continuous growth Commercial Produc
Slide 8: Product Offerings
Product Offerings Ferro alloys enhance steel strength, durability, anti-corrosion and anti-stain properties and acts as de-oxidant for Steel Manufacturing Ferro Manganese Ferro Silicon Silicon Manganese • An alloy of iron and manganese • An alloy of iron and silicon • An alloy of silicon and mangane
Slide 9: State of the Art Manufacturing Facilities
State of the Art Manufacturing Facilities Kalyaneshwari Visakhapatnam (SEZ) 48.75 MVA Byrnihat 72.0 MVA 16.5 MVA • Smelters: 2 x 5.0 MVA ; 1 x 6.5 MVA; 1 x 8.25 MVA ; • Smelters: 2 x 8.2 MVA • Smelters: 4 x MVA 18.0 MVA 2 x 12.0 MVA • Products: Ferro Silicon • Products: Ferro Manganese/ Silicon • Pr
Slide 10: Self Sustaining Business Model
Self Sustaining Business Model Input of sized and graded Raw Material We have an ability to generate a Larger Throughput Feed in day bins through conveyors from our manufacturing facilities Automated Batch preparation and Charge into Furnace Reaction in furnace and discharge of Discharge of Ferro Ma
Slide 11: Strong Client Relationships
Strong Client Relationships Association with SAIL and JSL being more than a decade Shift of focus from ‘Stable’ Europe to ‘Growing’ Asia helping in better realizations ~100% of Domestic clients are associated with the Company for over 7 years 75% Repeat Clients Long term relationships with clients o
Slide 12: Asian Economies to drive the Global Steel Demand
Asian Economies to drive the Global Steel Demand Global Steel Demand 2023 Forecast : 1,881.4 Mn T EU+UK USMCA {167.9 Mn T} CIS, Russia & {144.7 Mn T} 4.0%(g) Ukraine 2.7%(g) {45.1 Mn T} China 1.1%(g) {961.6 Mn T} It caters 74% of 1%(g) Global Steel demand Asia Ex- China, Avg. rate of growth is Ocean
Slide 13: Advantage India
Advantage India 100 % FDI allowed in the 2022-23 Budget outlay of ~ Rs. 7.50 lakh crore in infrastructure ‘Housing For All’ to drive mining sector & exploration housing demand thereby of metal & non-metal ores to drive domestic steel consumption benefitting steel industry under the Automatic Route A
Slide 14: Advantage Maithan
Advantage Maithan Alloy Producers to benefit from NSP 2017 Why Advantage Maithan… Per Capita Capacity (Mn MT) Production (Mn MT) Consumption (kg) Operating Better Product Strong Customer Efficiency Mix Relationships CAGR +6% CAGR +7% CAGR +7% 300 255 158 122 92 61 Gaining Market Share Globally and D
Slide 15: Strong Leadership Team
Strong Leadership Team… Mr. S. C. Agarwalla Mr. Subodh Agarwalla Mr. Sudhanshu Agarwalla Chairman and Managing Director Whole Time Director and CEO President and CFO • 30 years of rich experience in Ferro Alloys industry • B.Tech from IIT BHU and M.B.A. from IIM Bangalore • M.B.A. from XLRI Jamshedp
Slide 16: … with an Experienced Board
… with an Experienced Board Mr. S. C. Agarwalla Mr. Subodh Agarwalla Mr. Nand Kishore Agarwal Mr. Ashok Bhandari (Chairman and Managing Director) (Whole Time Director and CEO) (Independent Director) (Independent Director) • 30 years of rich experience in Ferro Alloys industry • B.Tech from IIT BHU a
Slide 17: Key Updates of FY22
Key Updates of FY22 Acquisition of 100% Stake in Ramagiri Renewable Energy Limited (RREL) ➢ The Board of Directors have approved the acquisition of the entire stake (i.e. 100% shareholding) in RREL as per the Resolution framework approved by National Company Law Board/National Company Law Appellate
Slide 18: Financials
maithan alloys Itd eee Financials
Slide 19: Consolidated Financial Highlights – Q4 FY22
Consolidated Financial Highlights – Q4 FY22 Total Revenue Operating EBITDA PAT 22.2% 37.2% 16.9% 28.9% +68% +181% +186% 837 311 242 499 111 84 Q4 FY21 Q4 FY22 Q4 FY21 Q4 FY22 Q4 FY21 Q4 FY22 Mfg. Revenue Mfg. EBITDA 23.9% 38.0% +78% +183% 797 303 447 107 Q4 FY21 Q4 FY22 Q4 FY21 Q4 FY22 Rs. Crs Margi
Slide 20: Consolidated Financial Highlights – FY22
Consolidated Financial Highlights – FY22 Total Revenue Operating EBITDA PAT 18.0% 35.7% 14.2% 27.3% +85% +265% +256% 2,992 1,068 818 1,620 292 230 FY21 FY22 FY21 FY22 FY21 FY22 Mfg. Revenue Mfg. EBITDA 19.2% 37.8% +86% +264% 2,766 1,044 1,491 287 FY21 FY22 FY21 FY22 Rs. Crs Margin Record Breaking Ou
Slide 21: Maintaining Sustainable Margins
Maintaining Sustainable Margins Manufacturing EBITDA Operating EBIT Manufacturing PBT Manufacturing EBIT 37.8% 37.1% Long-term sustainable Manufacturing EBIT margin 37.1% range is ~14% 35.1% 22.2% 22.5% 20.3% 19.1% 16.0% 19.2% 20.5% 18.6% 13.1% 18.2% 18.4% 19.2% 16.4% 18.1% 18.3% 17.1% 15.4% 12.2% 1
Slide 22: Doing Profitable Business is the key…
Doing Profitable Business is the key… Debt & Liquid Assets Operating RoCE (%) The Company has incorporated a wholly owned subsidiary Maithan Higher Return Ratio is because of prudent capital allocation and superlative operating Ferrous Private Limited to take up the announced expansion project, effi
Slide 23: Consolidated Financials – Q4 & FY22
Consolidated Financials – Q4 & FY22 Particulars (Rs. Crs.) Q4 FY22 Q4 FY21 Revenue 837 499 Raw Material 296 246 Employee Expenses 23 13 Power 108 83 Other Expenses 99 47 Operating EBITDA 311 111 Depreciation 5 4 Operating EBIT 306 107 Other Income 11 6 Finance costs 0 1 PBT 317 112 Tax 75 28 PAT 242
Slide 24: Consolidated Profit & Loss Statement (Full Year Highlights)
Consolidated Profit & Loss Statement (Full Year Highlights) Particulars (Rs. Crs.) FY22 FY21 FY20 FY19 FY18 FY17 Revenue (Net of Excise Duty/ GST) 2,992 1,620 1,831 1,988 1,879 1,342 Raw Material 1,151 841 1,067 1,126 970 628 Employee Expenses 84 41 42 44 45 33 Power 375 332 361 373 367 280 Other Ex
Slide 25: Consolidated Balance Sheet as on 31st March, 2022
Consolidated Balance Sheet as on 31st March, 2022 Particulars (Rs. Crs.) Mar-22 Mar-21 Particulars (Rs. Crs.) Mar-22 Mar-21 Equity 2,323.8 1,521.3 Non-Current Assets 361.2 248.2 Equity share capital 29.1 29.1 Property, plant and equipment 239.6 182.0 Other Equity 2,294.0 1,492.5 Capital Work-in-Prog
Slide 26: Consolidated Cashflow Statement
Consolidated Cashflow Statement Particulars (Rs. Crs.) March-22 March-21 Net Profit Before Tax 1,082.3 299.5 Adjustments for: Non Cash Items / Other Investment or Financial Items 1.4 -6.1 Operating profit before working capital changes 1,083.6 293.4 Changes in working capital -576.8 -117.5 Cash gene
Slide 27: Performance Snapshot
Performance Snapshot Operating Income (Rs. Crs.) EBITDA (Rs. Crs.) EBIT (Rs. Crs.) 1,760 705 696 1,232 988 962 1,026 903 956 945 363 355 875 793 675 549 201 208 201 169 166 180 188 161 159 172 156 148 125 108 112 117 100 104 50 38 H1FY17 H2FY17 H1FY18 H2FY18 H1FY19 H2FY19 H1 FY20 H2 FY20 H1 FY21 H2
Slide 28: Thank You
THANK YOU Contact Details: Investor Relations Advisors Company Strategic Growth Advisors Pvt. Ltd. Maithan Alloys Ltd. CIN: U74140MH2010PTC204285 CIN: L27101WB1985PLC039503 Mr. Rahul Agarwal/ Ms. Khushbu Shah Mr. Rajesh K. Shah rahul.agarwal@sgapl.net / khushbu.shah@sgapl.net rajesh@maithanalloys.co