Lloyds Metals & Energy Ltd. · NSE:LLOYDSME
Lloyds Metals & Energy — Q4 FY24 Earnings Presentation
37 slides from Lloyds Metals & Energy's earnings presentation, May 2, 2024
Slide 1: Intimation letter to stock exchanges
Date: 02nd May, 2024 To, BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, Bandra Kurla Complex, Dalal Street, Mumbai – 400001 Bandra (East), Mumbai - 400 051 BSE Scrip Code: 512455 NSE Symbol: LLOYDSME Sub: Investor Presentation for the Quarter and Fina
Slide 2: Investor Presentation May 2024
{ JLLOYDS METALS Investor Presentation
Slide 3: Q4/12M-FY24 Consolidated Highlights
Q4/12M-FY24 Consolidated Highlights Company 12M-FY24 Financial Performance • Q4FY24 Revenue was 74% YoY, led by Higher sponge and Iron ore volumes. FY24 revenue, too, witnessed a robust growth of 90% YoY, which was predominantly led by higher iron ore INR 17,812 Mn volumes. INR 65,746 Mn Total Incom
Slide 4: Management Commentary
Management Commentary Commenting on overall performance, Mr Rajesh Gupta– Managing Director, said: Embracing the triumphs of FY24, we stand before stakeholders with a resounding sense of optimism. Our company's journey through this fiscal year has been nothing short of extraordinary, marked by unpar
Slide 5: Quarterly Product-Wise Performance
Quarterly Product-Wise Performance Iron Ore DRI & Power Pellet Trading 13,658 12,584 2,672 24.8% 33.4% 2,940 7,001 27.3% 2,273 1,975 18.5% 20.1% 3,731 4,201 12.2% 789 1,406 729 366 278 - - 1 20 Q4FY23 Q3FY24 Q4FY24 Q4FY23 Q3FY24 Q4FY24 Q4FY23 Q3FY24 Q4FY24 Revenue (INR Mn) EBIT (INR Mn) EBIT Margins
Slide 6: YTD Product-Wise Performance
YTD Product-Wise Performance Iron Ore DRI & Power Trading (pellet) 52,832 29.14% 3,461 35.25% 9,548 8,240 26,511 19.98% 25.66% 15,393 2,905 6,804 1,908 0 - 21 FY23 FY24 FY23 FY24 FY23 FY24 Revenue (INR Mn) EBIT (INR Mn) EBIT Margins (%) Revenue (INR Mn) EBIT (INR Mn) EBIT Margins Revenue EBIT Iron O
Slide 7: Quarterly Consolidated Financial Performance
Quarterly Consolidated Financial Performance Particulars (INR Mn) Q4-FY24 Q4-FY23 Y-o-Y Q3-FY24 Q-o-Q Total Income 15,624 8,957 74% 19,236 -19% Total expenses* 10,959 7,117 54% 14,628 -25% EBIDTA 4,665 1,840 153% 4,608 1% EBIDTA Margins (%) 29.86% 20.54% 24.94% Depreciation and amortization 165.7 68
Slide 8: YTD Consolidated Financial Performance
YTD Consolidated Financial Performance Particulars (INR Mn) FY24 FY23 YoY Total Income 65,746 34,668 90% Total expenses* 47,934 25,820 86% EBIDTA 17,812 8,848 101% EBIDTA Margins (%) 27.1% 25.5% 6% Depreciation and amortization 490 230 113% Finance costs # 57 650 -91% Profit Before Exceptional Items
Slide 9: Ongoing Projects
Ongoing Projects Pipeline Welding Coating Induration ESP Slurry Pipeline 85Kms of which 45kms already laid. DRI plant & Pellet Plant (4mnt) being constructed. www.lloyds.in 8
Slide 10: Company Overview
Company Overview www.lloyds.in 9
Slide 11: Lloyds Metals & Energy Ltd
ABOUT US At Lloyds Metals and Energy Limited (LMEL), our legacy unfolds in the vast capacities we command. As pioneers in integrated sponge iron production, we wield a sponge iron capacity of 350,000 tonnes annually, crafting excellence in our Ghugus and Konsari units. Our merchant mining endeavors
Slide 12: Key Milestones
Key Milestones Reached 100% mining capacity of 3 MMTPA and Received environmental clearance to LMEL enhanced mine 10MMTPA LMEL DRI capacity to Listed ON NSE commissioned 2,70,000 30 MW Power MTPA Plant 2006 2011 2023 2024 1977 1995 2007 2016 2021 Commenced 1993 LMEL applied for LMEL started LMEL sig
Slide 13: Strategically Located Facilities
Strategically Located Facilities Gorakhpur The Surjagarh Iron Ore Mine (SIOM) is strategically located at the centre of India making it equidistant from most steel plants across the country. Madhya Pradesh Gujarat Maharashtra Chhattisgarh Iron Ore Mine Odisha Karnataka Telangana Tirupati Bilsarika S
Slide 14: Current Integrated Operations
Current Integrated Operations Iron Mine District Map of District Map of Chandrapur Gadchiroli Lumps DRI DRI Kilns, Ghugus Mining Surajgarh (Direct Reduced Iron) Mines Konsari Ghugus Hedri Iron ore DRI Kilns, Konsari DRI fines for sale (Direct Reduced Iron) Iron Ore Mining at Hedri, Surjagarh DRI Pla
Slide 15: Mining Operations
Mining Operations Mined 10 MTPA in the FY24. Mined 3.8 MTPA in the first quarter of FY24. The Board has approved for application for EC to enhance the Current bandwidth Mining Capacity from 10MTPA to already in place to mine 55 MTPA (incl BHQ). upto 10 MTPA www.lloyds.in 14
Slide 16: Projects
Projects www.lloyds.in 15
Slide 17: LMEL Today and FY2030 Integrated Value Chain
LMEL Today FY 2024 Capital Important Factors, but not Logistics factored in regular value chain DRI / PIG Steel Value Iron ore + Coal Power Iron/ Flat + added Industry Value Chain Pellet Longs Products Year Low Cost Low FY2030 An Integrated Value-added Steel Producer Producer Carbon DRI / PIG Steel
Slide 18: Final Product for Sale To Market
GHUGUS Existing DRI Plant Proposed DRI Plant Pellet Plant Coke - Oven 0.324 MTPA 0.360 MTPA (4.0 MTPA) (0.4 MTPA) HEDRI Beneficiation Plant Iron Ore Fines SURJAGARH 6 x 7.5 MTPA Concentrate Blast Furnace IRON ORE MINES (0.840MTPA) KONSARI Existing DRI Sinter Plant Pellet Plant Coke - Oven (0.07MTPA)
Slide 19: Year wise Output - Iron Ore
Year wise Ouput -Iron Ore Mined DSO Total Output including Total Output including Total Output including 25 mnt BHQ 35mnt BHQ 45mnt BHQ 55mnt 5 10 15 25 20 15 10 Year 1 Year 2 Year 3 Year 4 DSO Processed BHQ First FULL Year post Post First 15mnt Post 2nd Post 3rd all Approvals beneficiation plant Be
Slide 20: Strategic Advantages & Expansion Prospects
Strategic Advantages & Expansion Prospects www.lloyds.in 19
Slide 21: Many Firsts to us, More to Come
Many Firsts to us, More to Come #First …to Start Iron Ore Mine in Gadchiroli …To export Iron Ore from the State of #First Maharashtra #First …To have a manufacturing unit for DRI in Gadhciroli #First …To begin setting up a slurry pipeline in Western India www.lloyds.in 20
Slide 22: Key Strengths - We call it MOAT
Key Strengths- We call it “MOAT” Rich Mine Via Reserves Allocation Debt Free Allocated Mines Debt Free Rich Reserves Making Lloyds’ cost- High-quality iron ore with Standing Strong during competitive against the very low Silica and Alumina volatility making us more mines which are content. 157Mn+ to
Slide 23: An Ecosystem of lower costs and Efficient capital Allocation
An Ecosystem of lower costs and Efficient capital Allocation ▪ Iron ore costs remain stable irrespective of volatility In the global Captive Lowest Cost scenario, safeguarding margins. Raw Producer ▪ Mine life till 2057 with Normal royalty rates (no premium royalty) to Material keep cost structure c
Slide 24: Value Creation - Focussed on ROIC
Value Creation - Focussed on ROIC Captive Iron Ore aids lower Controlled Cost Of Production. . Lower Costs Lower Logistics cost- Rationalising freight & costs via a slurry pipeline Rationalised Capex Our capital allocation strategy of utilising Efficient capital allocation -Internal accruals & our s
Slide 25: Our Thrust - An All-Inclusive Growth
Our Thrust – “An All-Inclusive Growth” Social CSR Building an ecosystem of The company plans to facilities to contribute to continuously spend 50% community development and more than the mandated CSR well-being. spends, which will give a major thrust to the region in which company is operating. Envi
Slide 26: Sustainable Business Practices
Sustainable Business Practices World Nature Conservation Day As part of our CSR initiative, we at LIF celebrated World Nature Conservation Day with 500- 550 students from three schools in Ghugus and Mhatardevi. The event aimed to raise awareness and promote environmental sustainability among the you
Slide 27: Sustainable Business Practices
Sustainable Business Practices Water Tanker Distribution In line with our commitment to empower our community LIF addressed the issue of water scarcity in Ghugus and nearby villages by providing two tankers of drinking water, each carrying 8000 liters. We alleviated the hardships faced by citizens i
Slide 28: Sustainable Business Practices
Sustainable Business Practices Key HR KPI’s 01 • Attrition rates fell to 8% in FY24 from 24% in FY22 • Average tenure of employees ; 25% more than 5 years ESOPS for All 02 ESOPS for all Employees across ALL RANKS Employee Welfare 03 ▪ Marriage and Child Birth- 1 months gross salary ▪ Skill developme
Slide 29: Industry Overview
www.lloyds.in Industry Overview 28
Slide 30: India - Expected Steel Capacity Expansion
India – Expected Steel Capacity Expansion 160 126 210 258 376 FY 23 Crude Steel Capacity Crude Steel Production Iron Ore Req. (MTPA) Iron Ore Prod (MTPA) Iron Ore EC (MTPA) (MTPA) (MTPA) FY 30 393 236 393 373 573 Case – I Crude Steel Capacity Crude Steel Production Iron Ore Req. (MTPA) Minimum Iron
Slide 31: Financial Overview
www.lloyds.in Financial Overview 30
Slide 32: Consolidated Historical Income Statement
Consolidated Historical Income Statement Particulars (INR Mn) FY21 FY22 FY23 FY24 Total Income 2,733 7,273 34,667 65,746 Operating Expenses 2,425 5,520 25,820 47,934 EBIDTA 308 1,753 8,847 17,812 EBIDTA Margins (%) 11.26% 24.10% 25.52% 27.1% Depreciation and amortisation expenses 139 180 230 490 Fin
Slide 33: Consolidated Historical Balance Sheet
Consolidated Historical Balance Sheet Particulars (INR Mn) FY23 FY24 Particulars (INR Mn) FY23 FY24 Equity Non-Current Assets (a) Equity Share Capital 505 505 (a) Property, Plant and Equipment 4,817 11,568 (b) Other Equity 14,785 27603 (b) Capital Work in Progress 2,979 12,682 Non-Current Liabilitie
Slide 34: Consolidated Historical Financial Highlights
Consolidated Historical Financial Highlights Operational Income (INR Mn) EBITDA (INR Mn) & EBITDA Margins (%) Adj PAT (INR Mn) 65,217 20,000 27.10% 25.52% 18,000 12,429 16,000 20.86% 14,000 17,812 9,855 33,923 12,000 8,847 10,000 8,000 6,000 4.29% 109 6,975 4,000 1,455 1,487 2,534 2,000 1 - FY21 FY2
Slide 35: Capital Market Information
Capital Market Information 1 YEAR SHARE PRICE MOVEMENT (Upto 31st March 2024) 140% 120% 100% 80% 60% 40% 20% 0% -20% Apr-23 May-23 Jun-23 Jul-23 Aug-23 Sep-23 Oct-23 Nov-23 Dec-23 Jan-24 Feb-24 Mar-24 Lloyds Sensex Price Data (As on 31st March 2024) INR Shareholding Pattern (As on 31st March, 2024)
Slide 36: Disclaimer
Disclaimer Lloyd’s Metals & Energy Limited (LMEL) Disclaimer: No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Such information and
Slide 37: Thank You
www.lloyds.in Thank You 36
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