Slide 1: Investor Presentation cover letter
MANUFACTURER OF ELECTRICAL CONTACTS FOR LV, MY, HV & EHV SWITCHGEAR INDUSTRIES MODISGN — iva ltoott nce 33 - Nariman Bhavan, 227 - Nariman Point, T: +91-22-2202 6437 F: +91-22-2204 8009 METALS LIMITED E: sales@moadison.com W: www.modison.com Cin No.; L51900MH1983PLC029783 OHSAS 18001 ‘Canificate No.
Slide 2: a < a oe ¢£ “<. “ Ss .
a < a oe ¢£ “<. “ Ss .
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", "plan
Slide 4: Management Commentary
MANAGEMENT COMMENTARY “Despite the uncertain situation, we have put in a steady performance. We recorded growth in sales volume and pricing. The higher cost of inventory coupled with unfavourable silver price movement impacted short term margins. However, we remain confident of closing this financia
Slide 5: At a Glance
— Uy » A publicly listed company Q ) ay Modison Metals Ltd, V. 5 one Modison aCopper Pvt Ltd,oH Silvassa \ LV, MV and HV switchgear contacts eas Rte = AT Ls ‘ Py DODUCO ¢ > Accredited Lab GLANCE — — a > ISO 9001:2015, ISO » J =14001:2015, OHSAS \ 18001 :2007 EE MODISON
Slide 6: Vision, Core Values
eee VISION CORE VALUES At Modison its our vision to become ENTITY Modision is committed to meet the expectations Modison shall foster continuous caring culture, which can provide one stop solution in INDIA and of our customers, employees & the stakeholders while meeting the expectations of Stakehold
Slide 7: eR a Me
eR a Me MODISON
Slide 8: About
Established in 1975 by Mr. G.L. Modi as a silver refining company In 1978, recognizing the high potential for Electrical Contacts in switchgear industry Modison Metals Ltd (MML} commenced manufacturing of silver and silver alloy wires, plates, strips and solid / bimetal contacts Only company globall
Slide 9: Milestones: Continuous Innovation & Excellence
MILESTONES CONTINUOUS INNOVATION & EXCELLENCE Founded as a trading Started manufacturing Collaboration with All HV contacts type 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: Our Global Presence
e O e eRe oe oe OUR SU Cm aya mR 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 MODISON
Slide 11: Management
Founder & Managing Whole time Director Jt. Managing Director Jt. Managing Director Director MODISON —
Slide 12: Customers in T&D Industry
IN T&D INDUSTRY LARSEN & TOUBRO Schneider : ALSTOM BOMBARDIER <—> i a Sd It's all about Imagineering @eElectric Ths Power of Technology Chanaes for the Better SIEMENS errs ale CG ( TATA cae TOSHIBA u - | @HyosuNc | AHYUNDAl Honeywell = HITACHI AL @D ED ; Tnspire the Next UP AP Panasonic PHILIPS es M
Slide 13: Customers in Consumer and Other Industries
OMERS IN CONSUMER JT.Baker AVTANTOR oot : aay re Sal) S LIMITED 5 Grauer & Weil (india) Limited Edward Food Research <> COVENTYA MODISON —
Slide 14: MODISON
MODISON
Slide 15: Product Portfolio
PRODUCT PORTFOLIO LOW MEDIUM HIGH PRECIOUS METAL VOLTAGE VOLTAGE VOLTAGE COMPOUNDS * Semis (AgNi, Agedo,Agsno2_ wires) © — Silver Nickel ° — Arcing Contacts (Tulips) ° Silver Cadmium Oxide © CuCr with vacuum silver | © Non arcing contacts | :© SilverIver Graphit rapnite | oc brazing vunast alloy © C
Slide 16: Precious Metal Compound
PRECIOUS METAL COMPOUND PRODUCTIONIZED SILVER SALTS WITH ABILITY TO PRODUCE CR,LR & AR GRADES WITH MAJOR CUSTOMERS ON BOARD Silver Nitrate Silver Sulphate Silver Oxide |UPAC name siver{l Nitrate, |UPAC name SRS IUPAC name SERS CAS Number 7761-88-8 CAS Number 7761-88-8 CAS Number 7761-88-8 Chemical f
Slide 17: Wide Range of B2C Products Enabling Customer Diversification
mee) WIDE RANGE OF B2C — == SulL cUTLn=Ry ANDio PROD ENABLING CUSTOMER DIVERSIFICATION MODISON
Slide 18: Manufacturing Expertise
qeee = =Nariman Point MANUFACTURING EXPERTISE Mumbai SET UP FROM REFINING TO END PRODUCT sem AREA: 20,998 sq mt FACILITIES EMPLOYEES | AREA: 10,450 sq mt BUILT UP: 6,336 sq mt REVENUE MODISON —
Slide 19: Manufacturing
Fully equipped plant for silver Diversified product and copper refining range LV Fully automated processes with Shorter production capacity of 1000 MT times Clean room facility with vacuum Ultrafine and pure CuCR turnaces, packing and 400T MV electrical contact range compacting press to instantly co
Slide 20: Latest Technology Machinery
EQUIPPED WITH ALL THE LATEST TECHNOLOGY MACHINERY TO MANUFACTURE A WIDE RANGE OF PRODUCTS Silver and copper refining Air induction melting, vacuum induction melting, gas fired furnaces for Ag/ Ag alloy melting WERTLI's Continuous Casting for AgCd Ag powder production: Atomizer, Chemical, Cementation
Slide 21: CuCr Disc Manufacturing Facility
State of the art CuCr disc manufacturing facility with end to endcapabilities MACHINE/PROCESS Whole facility in clean Powder mixing & blending room 400T compacting press Mw eo ee a ee Vacuum sintering Furnace Eutectic brazing alloy for a vacuum interrupter Vacuum Induction melting furnace applicatio
Slide 22: HV Manufacturing
Modern facility equipped with machinery providing end-to- | MACHINE/PROCESS end capabilities Electron beam welding machines (3 Machines with seam tracking system) HV facility is spread across High temperature sintering cum melton 4,300 sq meter of land witha furnaces built up area of 2,660 sq meter
Slide 23: Quality First
QUALITY FIRST Inductively Coupled Density Measurement Leco Oxygen Analyzer: CMM Profile Plasma & C-Scan RO300 & X-Ray Cae | Tester Fluorescence Spectrometer CLASS CNC Profile Atomic Absorption Micro Hardness Tester Tester Spectrometer & Microscopes & Spark Emission Spectrometer MODISON YEA
Slide 24: Quality Facility
MACHINE/PROCESS Rigorous quality & inspection program to X-Ray fluorescencespectrometer ensure the world leading quality Atomic absorption spectrometer products consisting of Spark emission spectrometer Incoming raw material Oxygen analyzer inspection Particle size analyser Microscope Continuous in-
Slide 25: Research & Development
| All new products and processes indigenously developed post 1995 ! Significant contributorto “import substitution” movement in early 90s ! “Partnering” approach in customers developments’ ' System & knowledge management " MML spends ~0.3% of the turnover on R&D ' Predominantly engineering culture —
Slide 26: Certifications and Accreditation
« sYSTENy Oe, DNV certification for manufacture and | Research *; sale of electrical contacts for HV and LV Sy, Laboratory certified by 2g Y switchgear industry: ow National Accreditation : ear Quality: ISO 9001 (2015 version) Board for Testing and sdeootziso reer Environment: ISO 14001 (2015 versio
Slide 27: Growth Index for Electrical Equipment Industry
GROWTH INDEX FOR ELECTRICAL EQUIPMENT INDUSTRY GROWTH INDEX FOR ELECTRICAL EQUIPMENT INDUSTRY Rotating Machines segment witnessed Overall Growth Index marginal growth in Rotating Machines -m 154.1 FY21 LV Switchgear ® 663 HV Switchgear @ 1898 Conductors Capacitors All other segments Insulators HV SW
Slide 28: MODISON
MODISON
Slide 29: Quarterly Performance
TOTAL INCOME (= MN) EBITDA ( MN) AND MARGIN (%)™* 1,055 142 151 960 847 688 702 96 69 46 QUARTERLY Q2FY21 Q3FY21 Q4FY21 O1FY22 Q2FY22 Q2FY21 Q3FY21 O4FY21 QIFY22 © a2FY22 me a we PROFIT AFTER TAX (2 MN) EPS (= MN) 93 97 2.87 2.98 1.69 99 1.09 35 0.51 17 O2FY21 Q3FY21 Q4FY21 OIFY22 O2FY22 Q2FY21 Q3FY
Slide 30: Quarterly Financial Summary
PARTICULARS (IN = MN) OVA O72 Q1FY22 OQ2FY21 Total Income 960 702 688 Operating Expenses” 864 656 046 EBITDA 96 46 142 EBITDA Margin 10% 7% 21% Finance Cost 5 8 3 Depreciation 16 15 15 Profit Before Tax 75 23 124 Taxes 20 6 3] Profit after Tax 55 17 93 PAT Margin 6% 2% 14% EPS 1.69 0.51 2.87 ** Incl
Slide 31: Standalone Annual Performance
TOTAL INCOME (= MN) EBITDA ( MN) AND MARGIN (%)™* 379 2,210 2,222 270 1,913 2,027 16% 469% a ° c 13% 12% i FY17 FY18 FY19 FY20 FY21 FY17 FY18 FY19 FY20 FY 21 ny N N HW ry 5 | N A | C i ny i LS PROFIT AFTER TAX (2 MN) EPS (2 MN) 224 6.91 STANDALONE 143 164 167 151 4.39 505 5A 4.66 FY17 FY18 FY19 FY20
Slide 32: Annual Income Statement
PARTICULARS (IN 2 MN) FY2021 FY2020 FY2019 FY2018 FY2017 Total Income 2,936 2,222 2,210 2,027 1,913 Operating Expenses™* 2,597 1,952 1,880 1,711 1,601 EBITDA 379 270 330 316 312 EBITDA Margin 13% 12% 15% 16% 16% Finance Cost 20 20 22 19 2/ Depreciation 61 62 64 63 64 Profit Before Tax 298 189 245 23
Slide 33: Balance Sheet
PARTICULARS (IN = MN) FY2021 FY2020 FY2019 FY2018 FY2017 ASSETS Non-Current Assets 746 74] 651 680 662 Current Assets 1,280 1,160 1,150 941 858 Cash & cash equivalents 2 12 | 7 2 Total Assets 2,026 1,907 1,801 1,621 1,520 EQUITY & LIABILITIES Total Equity 1,642 1,465 1,373 1,266 1,141 Revaluation Re
Slide 34: Future 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 FUTURE Diversification STRATEGY Lean Six Sigma and Execution excellence for Performance
Slide 35: Investment Rationale
track record in India electrical contacts manufacturing industry resulting in market leadership in LV and HV segment in new and high growth sectors including pharmaceuticals, railways and renewable energy presence through exports comprising ~20% revenues, signifying product quality and multiple reve
Slide 36: Modison Charitable Trust
¢ Runs Modison Charitable Trust ¢ Provides drinking water from its RO plant ¢ Runs Maternity Hospital ¢ Contributes for pediatric heart surgeries ¢ Contributes for pediatric cancer patients ¢ Contributes for treatment of TB patients ¢ Sponsors 160 students for primary education s cre WV JM CHARITABL
Slide 37: Contact
MODISON For further information, please contact G& +9122 2202 6437 Mr. Ravi Udeshi =—&)_ shareholder@modison.com Christensen Advisory & +91 2242150210 =™) rudeshi@christensenir.com © 2021 Modison Metals Limited, All Rights Reserved. “Modison Metals” and The Modison Logo are trademarks of Modison Met