Maharashtra Seamless Limited · NSE:MAHSEAMLES

Maharashtra Seamless — Q3 FY2019 Earnings Presentation

14 slides from Maharashtra Seamless's earnings presentation, February 2019

  1. Slide 1: Earnings Presentation Q3 FY2019

    Earnings Presentation Q3 FY2019 February 2019

  2. Slide 2: Forward Looking & Disclaimer Statement

    Forward Looking & Disclaimer Statement 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 st

  3. Slide 3: Maharashtra Seamless: Overview

    Maharashtra Seamless: Overview #1 producer of Seamless pipes in India Facilities Brands and Customers Financials 550k MTPA Leading supplier to Oil & Gas Rs. 3,300 Cr Market Cap Seamless Pipes Capacity industry 200k MTPA Regular dividends since IPO; ERWPipes Capacity 25% payout ratio for FY2018 43 MW

  4. Slide 4: Q3 FY 2019 Highlights

    Q3 FY 2019 Highlights Operational Highlights • Total pipes production up 10% yoy, at 104k MT o Seamless pipes production up 12% yoy at 87k MT o ERW production up 5% yoy at 17k MT • Continued ramp-up of Seamless Pipes capacities o 350k MTPA Nagothane and 200k MTPA Mangaon plants are expected to reach

  5. Slide 5: Management Commentary

    Management Commentary Commenting on the results and performance, Mr. Saket Jindal, Managing Director, said: “The Maharashtra Seamless team has delivered very strong results for Q3 FY2019, with PAT of Rs. 93 crore, up 139% compared to last year. We are India’s largest seamless pipes producer, and one

  6. Slide 6: Industry and Market Trends

    Industry and Market Trends 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, upgrade of refineries to BS-VI, ongoing replacement of old O&G pipelines in Mumbai High,

  7. Slide 7: Order Book

    Order Book Strong Oder Book of Rs. 1,300 crore 1,300 122 987 950 105 113 1,178 882 837 Q3 FY18 Q2 FY19 Q3 FY19 Domestic Exports 1,300 200 987 950 86 141 1,100 901 809 Q3 FY18 Q2 FY19 Q3 FY19 Seamless ERW www.alimtiaz.com 7

  8. Slide 8: Operational and Financial Performance

    Operational and Financial Performance Particulars Q3 FY19 Q3 FY18 Q2 FY19 Seamless ERW Seamless ERW Seamless ERW • Total pipes production up 10% yoy, at Production (kMT) 87 17 78 16 64 18 104k MT supported by improved Sales Volume (kMT) 80 17 82 14 76 19 operational efficiency EBITDA (Rs. Cr) 141 5

  9. Slide 9: Financial Performance

    Financial Performance Revenue EBITDA and EBITDA Margin 23.7% 19.7% 20.0% 18.2% 10.8% 786 144 157 630 703 124 128 562 607 61 Q3 FY18 Q4 FY18 Q1 FY19 Q2 FY19 Q3 FY19 Q3 FY18 Q4 FY18 Q1 FY19 Q2 FY19 Q3 FY19 PAT and PAT Margin EPS (Rs.) 16.5% 14.0% 12.6% 11.8% 6.9% 14.98 13.85 100 13.2 13.21 88 88 93 5.

  10. Slide 10: Shareholding Structure

    Shareholding Structure Select Major Investors % O/S 28.3% Mutual Funds L&T Mutual Fund 5.1% IDFC Mutual Fund 1.4% 7.6% 61.8% 2.3% BNP Paribas Mutual Fund 0.2% DSP Mutual Fund 0.8% Promoters FII Mutual Funds Others Total 7.6% Note: As of December 31, 2018 www.alimtiaz.com 10

  11. Slide 11: Manufacturing Facilities

    Manufacturing Facilities Strategic Footprint with Access to Customers Facility Products Capacity Pipes 3 Seamless 350 kMTPA 1 Sukeli, Raigad Rajasthan ERW 200 kMTPA 4 2 Bhagad, Mangaon Seamless 200kMTPA Power 3 Durjani, Jodhpur Solar Power 20 MW 6 Maharashtra 4 Pokaran, Jaisalmer Solar Power 5 MW 1

  12. Slide 12: Select Customers

    Select Customers Oil and Gas Infrastructure www.alimtiaz.com 12

  13. Slide 13: Products and Industries Served

    Products and Industries Served Industries Seamless ERW Others (Coated and Premium Connection Served Pipes Pipes Pipes and Pipe Fittings) Agriculture   Automotive  Bearing  Chemical  Engineering   Fertilizers  Housing   Irrigation   Mechanical   Oil and Gas    Petrochemical  Power 

  14. Slide 14: Ashok Soni CFO - D.P. Jindal Group

    Ashok Soni CFO - D.P. Jindal Group Tel. No.: 91-124-4624320 E-Mail : ashok@mahaseam.com Sanjiv Gupta DGM - Finance Tel. No.: 91-124-4624321 E-Mail : sanjiv@mahaseam.com www.jindal.com CIN: L99999MH1988PLC080545

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