Maithan Alloys Ltd. · NSE:MAITHANALL
Maithan Alloys — Investor Presentation (August 2021)
26 slides from Maithan Alloys's investor presentation, August 2021
Slide 1: Investor Presentation
Investor Presentation August 2021
Slide 2: 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 3: Vision, Mission, Values
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 4: Maintaining the Maithan Edge
Maintaining the Maithan Edge
Slide 5: 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 6: 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 7: 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 8: 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 9: 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 10: 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 11: Asian Economies to drive the Global Steel Demand
Asian Economies to drive the Global Steel Demand Global Steel Demand 2022 Forecast : 1,924.6 Mn T EU+UK USMCA 4.8%(g) CIS 4.6%(g) 3.2%(g) It caters 75% of Global Steel demand Asia, Avg. rate of growth is Oceania & expected to be in AFRICA Middle East Asia Ex-China Growth is the range 5.9%(g) 2.1%(g)
Slide 12: Advantage India
Advantage India 100 % FDI allowed in the 2021 Budget outlay of ~ Rs. 5.54 lakh crore in infrastructure to ‘Housing For All’ to drive mining sector & exploration housing demand thereby of metal & non-metal ores drive domestic steel consumption benefitting steel industry under the Automatic Route Anti
Slide 13: 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 14: 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 15: … 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 16: Update on Auction of Impex Metal & Ferro Alloys Limited
Update on Auction of Impex Metal & Ferro Alloys Limited ➢ The Company is in the process of acquiring Impex Metal & Ferro Alloys Limited (IMFAL) through insolvency proceedings and has paid a consideration of Rs.74.22 crores for the purpose ➢ The Liquidator has handed over the manufacturing unit of IM
Slide 17: Financials
maithan alloys Itd eee Financials
Slide 18: Consolidated Financial Highlights – Q1 FY22
Consolidated Financial Highlights – Q1 FY22 Total Revenue Operating EBITDA PAT 15.6% 22.2% 24.9% 13.2% 16.9% 19.8% +113% +242% +219% 566 141 112 499 +13% 111 +28% 84 +33% 266 41 35 Q1 FY21 Q4 FY21 Q1 FY22 Q1 FY21 Q4 FY21 Q1 FY22 Q1 FY21 Q4 FY21 Q1 FY22 Mfg. Revenue Mfg. EBITDA 16.2% 23.9% 28.6% +96%
Slide 19: Maintaining Sustainable Margins
Maintaining Sustainable Margins Manufacturing EBITDA Operating EBIT Manufacturing PBT Manufacturing EBIT 22.5% 22.2% 20.3% 19.1% 20.5% 19.2% 18.6% 18.2% 18.4% 19.2% 16.0% 18.1% 18.3% 16.4% 17.1% 13.1% 15.4% Long-term sustainable Manufacturing EBIT margin 12.2% range is ~14% 11.8% 12.0% FY17 FY18 FY1
Slide 20: Doing Profitable Business is the key…
Doing Profitable Business is the key… Debt & Liquid Assets Operating RoCE (%) The Company proposes to incorporate a wholly owned subsidiary to take Higher Return Ratio is because of prudent capital allocation and superlative operating up the announced expansion project, primarily for manganese based
Slide 21: Consolidated Financials – Q1 FY22
Consolidated Financials* – Q1 FY22 Particulars (Rs. Crs.) Q1 FY22 Q1 FY21 Q4 FY21 Revenue 566 266 499 Raw Material 279 128 246 Employee Expenses 14 8 13 Power 84 68 83 Other Expenses 48 19 46 Operating EBITDA 141 41 111 Depreciation 4 4 4 Operating EBIT 137 37 107 Other Income 10 8 6 Finance costs 0
Slide 22: Consolidated Profit & Loss Statement (Full Year Highlights)
Consolidated Profit & Loss Statement (Full Year Highlights) Particulars (Rs. Crs.) FY21* FY20* FY19* FY18* FY17* Revenue (Net of Excise Duty/ GST) 1,620 1,831 1,988 1,879 1,342 Raw Material 841 1,067 1,126 970 628 Employee Expenses 41 42 44 45 33 Power 332 361 373 367 280 Other Expenses 114 128 122
Slide 23: Consolidated Balance Sheet as on 31st March, 2021
Consolidated Balance Sheet as on 31st March, 2021 Particulars (Rs. Crs.) Mar-21 Mar-20 Particulars (Rs. Crs.) Mar-21 Mar-20 Equity 1,521.3 1,292.8 Non-Current Assets 248.2 264.7 Equity share capital 29.1 29.1 Property, plant and equipment 182.0 194.9 Capital Work-in-Progress 0.0 1.1 Other Equity 1,4
Slide 24: Consolidated Cashflow Statement
Consolidated Cashflow Statement Particulars (Rs. Crs.) Mar-21 Mar-20 Net Profit Before Tax 299.5 279.3 Adjustments for: Non Cash Items / Other Investment or Financial Items -6.1 -36.7 Operating profit before working capital changes 293.4 242.6 Changes in working capital -117.5 -236.9 Cash generated
Slide 25: Performance Snapshot
Performance Snapshot Operating Income (Rs. Crs.) EBITDA (Rs. Crs.) EBIT (Rs. Crs.) 988 1,026 208 201 962 956 945 201 188 903 875 180 172 793 169 166 161 159 156 148 675 125 117 549 108 112 104 100 50 38 H1FY17 H2FY17 H1FY18 H2FY18 H1FY19 H2FY19 H1 FY20 H2 FY20 H1 FY21 H2 FY21 H1FY17 H2FY17 H1FY18 H2
Slide 26: 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