Marine Electricals (india) Limited · NSE:MARINE
Marine Electricals (india) — Q4 FY22 Earnings Presentation
45 slides from Marine Electricals (india)'s earnings presentation, Jun 14, 2022
Slide 1: Cover letter to NSE: Investor Presentation
oN ® & 1SO 9001 : 2015 natin 1SO 14001: 2015 180 45001-2018 @ CERTIFIED BY IRQS anpueer Marine Electricals (India) Limited B-1, Udyog Sadan-3, MIDC, Andheri (E), Mumbai-93, india, Tel.: 91-22-40334300 Fax: 91-22-28364045 E-mail: info@marineelectricals.com Website : www.marineelectricals.com CIN : L3
Slide 2: Investor Presentation Q4 & FY22
INVESTOR PRESENTATION Q4 & FY22
Slide 3: Agenda
Agenda Overview : An Integrated Electrical Solution Provider Marine : One of the Leader in providing electrical solutions Industrial : Largest partner of Schneider in India Strong Fundamentals & focused Growth Strategies Financial Highlights Marine Electricals 2
Slide 4: Marine Electricals: Integrated Electrical & Automation Solution Provider
Marine Electricals… Integrated Electrical & Automation Solution Provider Offers entire range of Electrical Engineering Solutions of every size such as, Low & Medium Voltage, Energy Distribution, Industrial Automation, Building Management, Integrated Security, Electrical Propulsion etc. Delivers Soph
Slide 5: Strong support for clients across segments
Strong support for clients across segments Marine Segment Industrial Segment Naval Ship Data Centre Important role in achieving Supplier for the largest Data ‘Make in India’ for Navy Centre in India Supplying highly Reliable and Helped in achieving Higher uptime critical products and Safer operati/o
Slide 6: Servicing with skilled team & wide geographical reach
Servicing with skilled team & wide geographical reach +1,000 #6 # 14 Manpower Manufacturing Plants Service Centers across Coastal Including 250+ Engineers and Across Goa, Mumbai, Chennai and locations in India ensures shorter specialised team with Marine exp. UAE & Italy Service Time for Clients & &
Slide 7: Promoters with sound technical background
Promoters with sound technical background experienced & reputed board members Vinay Uchil Chairman and Executive Director Madan Pendse Nikunj Mishra • Joined in the year 1995 Independent Director Independent Director • Actively look after business development of Marine segment, • Having vast Finance
Slide 8: Supported by well experienced management team
Supported by well experienced management team Rajiv Malhotra, COO Kamal Yadav, Global Sales Suresh Nair, Globus Solutions • Joined MEL in year 2006 as GM, Marine unit before • Joined MEL in year 2018 to grow Commercial Marine • Joined MEL group in 2016 as CEO of UAE business that Served the Indian N
Slide 9: State Of The Art Manufacturing Units
State Of The Art Manufacturing Units Marine Electricals 8
Slide 10: Marine
MARINE 9
Slide 11: Engineering Capabilities in Marine built over years
Engineering Capabilities in Marine built over years... 1998 2004 - 2007 2007 - 2010 2010 - 2014 Current Target • Participation in large Organic / orders by the India Navy • Opportunity to work on • Acquisition of Narhari Inorganic electrical solutions for all Engg., AEC; JV with Growth ships at ABG
Slide 12: Integrated Electrical Solution for all kind of ships
Offers Integrated Electrical Solution for all kind of ships Integrated Commercial and Naval Integrated Navigation Bridge Control systems Systems (Naval) Internal Communication Specialized Rectifiers & systems Navigation Convertors (Naval) Communication systems Integrated Maritime LAN Electronic char
Slide 13: Strong Track-record of Naval & Commercial Vessels
Strong Track-record of Naval & Commercial Vessels Submarine Frigates ASW Corvettes ▪ Involved in supply to Scorpène-class ▪ Working on supply orders for INS ▪ Working for orders from INS Kukri, vessels for India (Project 75) and Talwar, Tabar, Brahmaputra, Betwa and Kuthar, Kora and Kirch indigenous
Slide 14: Marine Segment Product Portfolio
Marine Segment Product Portfolio Integrated Platform Management Engine Order & Propeller Order Main switchboards System Telegraphs Marine Electricals 13
Slide 15: Marine Segment Product Portfolio
Marine Segment Product Portfolio Marine Motors Marine Lights Marine Electricals 14
Slide 16: Few Installations At Client Site
Few Installations At Client Site L&T Coast Guard OPV Project, Chennai Indian Navy, GSL Project, Goa Marine Electricals 15
Slide 17: Key Customers Marine Segment
Key Customers Marine Segment Marine Electricals 16
Slide 18: Competitive Advantage
Competitive Advantage A reliable and competent partner operating as a full service provider 01 02 A system integrator of tailor made and innovative technology solutions A complete electric solution provider takes care of everything that is needed for smooth sailing and functioning of ship Over 4 dec
Slide 19: Marine - Well placed to capture opportunities
Marine - Well placed to capture opportunities Defence Spending : On the cusp of Revival Improve shipping ecosystem infrastructure • Increasing Government Focus and Initiatives to Transform India from ‘Buyer’s • Government focus to improve shipping ecosystem to make transport by water Navy’ to ‘Build
Slide 20: Industrial
INDUSTRIAL 19
Slide 21: Industrial: Journey to Turnkey Solution Provider
Industrial : Journey to Turnkey Solution Provider LV : Own Brand Automation MEcubE3 Enhanced engineering Developed own LV capabilities to provide offering with products automation solutions Provides turnkey for: Control Centre, such as Bus Duct 2019 Automation & Correction Panel, Solutions; EMS Solu
Slide 22: Strengthening its position across verticals
Strengthening it’s position across verticals... Datacentres Industrial High rise Buildings • Achieved leadership position in Data Centres • Traditionally strong in Pharma (USFDA • Currently involved in the electrical works related requirement), Automobile; although not to LV& MV panels and Automatio
Slide 23: Industrial Segment Product Portfolio
Industrial Segment Product Portfolio Marine Electricals 22
Slide 24: Few Installations At Client Site
Few Installations At Client Site Netmagic Data Centre, Asian Paints, Mysore Colgate, Sanand plant Chandivali, Mumbai Marine Electricals 23
Slide 25: Key Customers Industrial Segment
Key Customers Industrial Segment Marine Electricals 24
Slide 26: Exploring emerging opportunities
... & exploring emerging opportunities Indian Railways Electrical equipment and lights for RCF and Railway infrastructure Metro Rails Already bagged order from Nagpur Metro Project worth Rs 6 crs; Bidding for more cities like Mumbai metro. Electric Vehicles Charging Stations for Fast Charging Ports
Slide 27: Foray into Electric Charging Solutions
Foray into Electric Charging Solutions… Through EVIGO…. …developed Electrical Chargers across range 22kW AC Wallbox 15kW -30 kW DC Mobile 75% owned by Marine Electricals; balance by management team EVIGO to provide 360o EV charging solutions D3 AC & DC fast charger 43kW AC Wallbox Marine Electricals
Slide 28: EVIGO An Integrated EV Charging Solution App
EVIGO An Integrated EV Charging Solution App Marine Electricals 27
Slide 29: EV Infrastructure: Huge opportunity unfolding ahead
EV Infrastructure : Huge opportunity unfolding ahead… • Rapidly developing technology in Battery Significant growth expected in • Increasing environment awareness Electrical Vehicle penetration across • Government focus and push on Electrical Vehicles through various incentives category in coming ye
Slide 30: Evigo - placed well to capture opportunity
…Evigo - placed well to capture opportunity Charging Solution for all users … … also, offering Commercial Charging Software Solution Integrated DC Charger • EVIGO offers feature- Charging station rich EV charging for Taxi software solution Wall mounted DC Charger • Manage EV charging network via OCP
Slide 31: Growth Drivers For EV Market
Growth Drivers For EV Market Increasing environment Government’s thrust on EVs awareness through various incentives Rapidly developing Shifting of large players in technology in battery EVs drives growth in EV penetration Marine Electricals 30
Slide 32: Strengths & Growth Areas
STRENGTHS & GROWTH AREAS 31
Slide 33: Uniqueness – Strengths
Uniqueness – Strengths Leadership in Marine Business ~ 50% market share in electrical segment One of the Largest Partner of Tier - I electrical supplier & in Approved List Schneider Electricals in India of Vendor with Navy, Indian and Global 50% + market share in Schneider Electrical’s Shipyards Blo
Slide 34: The path of growth
The path of growth Expanding Solution Offerings in Marine 01 • Providing IPMS for commercial ships, working on expanding it to Naval Ships • Focusing on complete installation package for Naval Ships • Targeting to receive Service Contract for Weapon Systems Geographical Expansion in Industrials 02 •
Slide 35: Financials
f\| FINANCIALS
Slide 36: 4 Quarters Consolidated Financial Highlights
4 Quarters Consolidated Financial Highlights ₹ mn Q4 FY22 Q3 FY22 Q2 FY22 Q1FY22 FY22 Revenue Growth Revenue 941 1098 1,074 651 1074 1098 Cost of goods sold 645 845 845 498 941 Employee expenses 86 85 76 62 651 Other expenses 104 77 77 51 EBITDA 106 91 76 40 Q1 Q2 Q3 Q4 EBITDA margin 11.3% 8.3% 7.1%
Slide 37: Consolidated Financial Highlights
Consolidated Financial Highlights Revenue EBITDA PAT 135 3763 133 2513 361 350 2021 2022 2021 2022 2021 2022 Net worth Gross Debt Gross Debt : Equity (X) 1816 545 353 0.32 1700 0.19 2021 2022 2021 2022 2021 2022 * ₹. mn Marine Electricals 36
Slide 38: Top 10 Customers
Top 10 Customers FY21 Top 10 Customer FY-22 BRIDGE DATACENTRES (MUMBAI) LLP GARDEN REACH SHIPBUILDERS & ENGINEERS LTD. 2% MAZAGON DOCK SHIPBUILDERS LIMITED 4%2% 4% 28% INVRECO PVT LIMITED, CHENNAI 7% AFCONS INFRASTRUCTURE LTD., AP 8% AFCONS OVERSEAS SINGAPORE PTE. LTD. IVORY COAST 10% SCHNEIDER ELEC
Slide 39: Consolidated Financial Highlights
Consolidated Financial Highlights ₹ mn FY18 FY19 FY20 FY21 FY22 Revenue 3,689 3,998 2,629 2,513 3,763 Solar 736 1,300 187 179 23 Electricals 2,953 2,699 2,442 2,334 3,740 Cost of Goods Sold 2,865 3,222 1,872 1,739 2,833 Employee expenses 280 288 306 253 308 Other expenses 229 267 228 248 310 EBITDA
Slide 40: Strong Order Book
Strong Order Book Order Book - ₹ 4,210 mn Key Orders in FY22 1.Orders received of Rs. 8 Crore from Web Works India Pvt. Ltd. Received as on 16 may with timeline to complete is 6 Month. 2. Order received for Supply of MCC, PMCC & IMCC Panels from Larsen and Toubro Limited, 1,020.00 , Sharjah, UAE amo
Slide 41: Stand-alone Profitability Highlights
Stand-alone Profitability Highlights ₹ mn FY18 FY19 FY20 FY21 FY22 Revenue 2,877 3,232 2,059 1,999 3,229 Solar 736 1,300 187 179 239 Electricals 2,140 1,933 1,872 1,820 3206 Cost of Goods Sold 2,250 2,688 1,503 1,424 2467 Employee expenses 169 171 202 176 224 Other expenses 211 194 189 172 276 EBITD
Slide 42: Stand-alone Balance Sheet Highlights
Stand-alone Balance Sheet Highlights ₹ mn Mar-22 Mar-21 ₹ mn Mar-22 Mar-21 Share capital 245 245 Reserves & Surplus 1,196 1,093 Net block 404 394 Networth 1,441 1,339 Non current investments 92 111 LT borrowings 50 98 LT Loans & Advances 36 63 Provisions 29 23 Other non current assets 113 19 Total n
Slide 43: Stock Data
Stock Data Source - NSE Shareholding Pattern as on 27-05-2022 as on 27-05-2022 Share Price (₹) 27.55 Promoter & Promoter Market Capitalization (₹ Cr) 338.87 26% Group No. of Shares Outstanding (Cr) 1.23 Institutions 0% Face Value (₹) 2 74% Non Institution 52 week High-Low (₹) 90.70/24.65 Marine Elec
Slide 44: Disclaimer
Disclaimer This presentation and the accompanying slides (the “Presentation”), which have been prepared by Marine Eleactricals (India) Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe fo
Slide 45: Thank You
Thank You Marine Electricals (India) Limited (NSE Symbol : MARINE) B-1, Udyog Sadan - 3, MIDC, Andheri (East), Mumbai +91 22 2834 6076 cs@marineelectricals.com www.marineelectricals.com L31907MH2007PLC176443 44
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