Maharashtra Seamless Limited · NSE:MAHSEAMLES
Maharashtra Seamless — Q2 FY2019 Earnings Presentation
14 slides from Maharashtra Seamless's earnings presentation, Nov 5, 2018
Slide 1: Exchange filing cover letter for corporate presentation
------8¥ � _c_O_R_P_O__ RA _E OFFICE , Plot No. 30. lostlt,tiooal Secto,-44. Go,gaoo-122 002 Ha,yaoa :r L,,) ITE Q Phone No.: 91-124-4624000, 2574326, 2574325, 2574728• Fax: 91-124-2574327 E-mail : contact@mahaseam.com Website : www.jindal.com GIN No: L99999MH1988PLC080545 5th November, 2018 Ref: MS
Slide 2: Maharashtra Seamless Limited Earnings Presentation Q2 FY2019
� MAHARASHTRA SEAMLESS LIMITED � Earnings Presentation Q2 FY2019
Slide 3: Forward-looking statements disclaimer
This document contains "forward-looking statements" about our business, financial performance, skills and prospects. Statements about our plans, intentions, expectations, beliefs, estimates, prediction or similar expression for the future are forward-looking statements. Forward looking statements ar
Slide 4: #1 producer of seamless pipes in India, capacity 550 ktpa
#1 producer of seamless pipes in India, Market cap: Rs. 3,300 crore capacity 550 ktpa MAHARASHTRA SEAMLESS LIMITED "MAHA" Major producer of ERW pipes in India, A globally recognised brand Regular dividends since f PO; capacity 200 ktpa 25% payout ratio for FY2018 Hl FY2019 Revenues: Rs. 1,310 crore;
Slide 5: Business and Financial Highlights
Business Highlights • Total pipes sales volume up 12% yoy to 94,487 MT o Total pipes production volume of 81,830 MT, down 6% yoy o Maintenance shutdown taken at Nagothane seamless plant during 02 for approx. 30 days • Strong order book position of Rs. 950 Cr • Continued ramp-up of capacities at Nago
Slide 6: Strong energy prices generating strong demand for pipes
Strong energy prices generating strong demand for pipes from O&G industry globally Indian market seeing strong demand for Seamless and Welded pipes from new oil refineries, pipelines, 1 upgrade of refineries to BS-VI, ongoing replacement of old O&G pipelines in Mumbai High, Gujarat Cross-country gas
Slide 7: Strong Order Book of Rs. 950 crore
- - Strong Oder Book of Rs. 950 crore .. Continued production ramp-up to cater to strong '.. ------------'' Rs. Crore demand for Seamless pipes 1,021 948 o 200 kMTPA Mangaon plant was re-started in Q3 FY2018. Expected to reach full capacity in 2019 567 o 350 kMTPA Nagothane plant expected to reach f
Slide 8: Standalone Financials
.• •' ---- 1 Particulars : 02 FY19 Q2 FY18 . : Q1 FY·t9 . . Seamless ERW i Seamless ERW Seamless ERW Production (kMT) 64 18 72 14 75 16 0 Dispatches of pipes higher in Q2 Sales Volume (kMT) 76 19 69 15 65 16 � • Income from operations up 45% yoy EBITDA (Rs. Cr) 104 11 52 2 121 12 mainly due to bette
Slide 9: Revenue, EBITDA, PAT and EPS trends
Revenue EBITDA and EBITDA Margin 23.7% 19.7% 18.2% 12.4% 10.8% Q2 FY18 Q3 FY18 Q4 FY18 Q1 FY19 02 FY19 Q2 FY18 Q3 FY18 04 FY18 01 FY19 Q2 FY19 PAT and PAT Margin EPS (Rs.) 16.5% 14.0% 12.6% 7.0% 6.9% 02 FY18 03 FY18 04 FY18 01 FY19 02 FY19 02 FY18 03 FY18 Q4 FY18 01 FY19 02 FY19 In Rs. Crores, unles
Slide 10: Select Major Investors
28.60% Setect Major Investors %0/S L&T Mutual Fund 4.79% IDFC Sterling Value Fund 1.39% BNP Paribas Mutual Fund 0.29% 7.25% 2.37% DSP Black Rock Sma'll Cap Fund 0.78% Total 7.25% - - - ■ Promoters ■ Fl I Mutual Funds Others Note: As of September 30, 2018
Slide 11: Manufacturing Facilities, Wind and Solar Power Plants
Facility ___ I Products Capacity Seamless 350 kMTPA Sul<eli, Raigad ERW 200 kMTPA Bhagad, Mangaon Seamless 200kMTPA Durjani, Jodhpur Solar Power 20'.M W � Pokaran, Jaisalmer Solar Power SMW Naigaon, Beed and Solar Power 11MW Sukeli, Raigad Nivkane, Satara Wind Power 7MW Mm Manufacturing Facilities �
Slide 12: Oil and Gas Infrastructure customers
- - - Oil and Gas Infrastructure � British Gas - •-• &hor t ADAN! Pl.•hOI0Ulll :ff'·� ... e �--- 9' 4,.... OELHl20K> ESSAR. © -J:\ '{ p EL: JUIJJ//.\N1 ,-. igl - \. r, u l' fl .,?' • DIIARTl/1. II ' 0 I Reliance e THERMAX unitEch
Slide 13: Seamless pipes, ERW pipes and other products
- ~ Seamless ERW Others (Coated and Premium Connec�o�t .- ·Pipes Pipes. - ' '. Pipes and Pipo Fittings)', 'I .. - ✓ ✓ ✓ ✓ ------------------------------------------- ---·------✓ -------------------------- ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ---------------------------------------- ---- ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ • Hot Finished •
Slide 14: Maharashtra Seamless Limited contact details
MAHARASHTRA SEAMLESS LIMITED ASHOK SONI CFO -D,P, Jindal Group Tel. No: 91-124-4624320 E-Mail < ashak@mahaseam.com rela eaeaile s ASHWIN BAJAJ AJAY TAMBHALE www. jindal.com SANJIV GUPTA ance ‘Tal. No. 91-124-4624321 E-Mail ~ sanjiv i Fe +91-22-6169 &: msi@chtirchgatepartners.com urchgatepartners.com
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