Marshall Machines Ltd. · NSE:MARSHALL
Marshall Machines — Investor Presentation (June 2023)
36 slides from Marshall Machines's investor presentation, Jun 13, 2023
Slide 1: Investor Presentation
Investor Presentation M A R C H 2 0 2 3 MARSHALL MACHINES LIMITED w w w . m a r s h a l l c n c . c o m
Slide 2: Inside this Presentation
Inside this Presentation ABOUT BUSINESS GROWTH MARSHALL REVIEW DRIVERS & MACHINES OUTLOOK SLIDE 03 SLIDE 16 SLIDE 21 CONCLUSION FINANCIAL UPCOMING PERFORMANCE NEWS SLIDE 25 SLIDE 27 SLIDE 34
Slide 3: About Marshall
About Marshall 04 EVOLUTION 05 MARSHALL AT A GLANCE 06 PRODUCT PHILOSOPHY 07 PRODUCT PORTFOLIO 09 PARTNERSHIP WITH IAMSME 10 R&D & IP DRIVEN 11 OPERATIONAL UNITS 13 ESTABLISHED CLIENTELE 14 STRONG NETWORK 15 MANAGEMENT TEAM
Slide 4: Evolution
Evolution HUMBLE BEGINNINGS INNOVATION 1961-2001 2002 ONWARDS <svg id="Large Preview" data-name="Large Preview" cXML's="http://www.w3.org/2000/svg" view Box="0 0 384.1 382.58"><defy><style>.cls-1,.cls-2{defy:#525151;stroke-linecap:round;stroke-width:16px;}.cls-1{defy;}.cls-2{stroke- INTEGRATION WITH
Slide 5: Marshall at a Glance
Marshall at a Glance Years Old Brand Cumulative Team Strength Executed Successful in Machine Tool Machines 30+ Automation & Automation Projects Industry Deployed Innovation Team Incorporated in 1961, Marshall Machines is a renowned brand in the Indian machine tools industry. Marshall has been a manu
Slide 6: Product Philosophy
Product Philosophy A THREE-PRONGED PRODUCT DEVELOPMENT PHILOSOPHY ▪ Super-focused product SUPER-OPTIMIZED AFFORDABLE MACHINES AUTOMATION development philosophy differentiating us from the Super optimized machines that Automation split over competition. offer higher productivity & lower more than one
Slide 7: Product Portfolio
Product Portfolio SUPER-OPTIMIZED MACHINES AFFORDABLE AUTOMATION INDUSTRY 4.0 Machine Offerings Watch Marshall’s Product Portfolio Offer higher productivity & lower cost Only Indian machine manufacturer with Industry 4.0 technology addressing of operations compared to their peers. a focused automate
Slide 8: Product Portfolio
Product Portfolio Marshall Roboturn XL Cell for Motorcycle Wheel Turning 08 MARSHALL MACHINES LIMITED
Slide 9: Partnership IAMSME of India – Gurukul initiative for skilling India
Partnership IAMSME of India – Gurukul initiative for skilling India ▪ World bank funded initiative for skilling in India ▪ Marshall among the 3 partners with IAMSME of India ▪ Marshall will provide training on CNC programming and Industry 4.0 Lab will have on demo latest equipment desirable for best
Slide 10: R&D and IP Driven Company
R&D and IP Driven Company BENEFITS DERIVED FROM R&D Superior Intellectual Property ▪ 3rd Generation of Innovators and Engineers at the helm <svg id="Isolation_Mode" data-name="Isolation Mode" xmlns="http://www.w3.org/2000/svg" viewBox="0 0 43.55 ▪ Marshall distinguishes itself as Smart CNC Systems C
Slide 11: Operational Units
Operational Units ▪ Marshall Machines operates two state- UNIT 1 LUDHIANA UNIT 2 LUDHIANA of-art manufacturing facilities in Ludhiana. ▪ The company has recently completed an expansion in Unit 1 and 2 which Setup in 2001 Setup in 2012 includes addition of: ▪ Zeiss measuring machines ▪ 4,181 Sq. Mt.
Slide 12: State-of-art Facilities
State-of-art Facilities World Class Temperature Controlled, Manufacturing Facilities Dust Proof Assembly Areas World’s Best STUDER World Class European CNC Cylindrical Grinder Mother Machinery New 5 Axis CNC Universal Machine Parts Designed Machining Center with and Validated Using Solid Auto Indexi
Slide 13: Established Clientele
Established Clientele AUTOMOTIVE CONSUMER APPLIANCES GENERAL ENGINEERING AND DURABLES Active 10/15 Year+ Alloy Wheels – 2W & 4W, Gear Motor Parts, Fans, Home Bearings, Consumables, Clientele Relationships Blanks, Pistons, Crank Shafts Electronics Pumps MATURE SECTORS AUTOMOBILE OIL & GAS GENERAL CON
Slide 14: Strong Network
Strong Network 1. 2. LUDHIANA CHANDIGARH 14. 15. AHEMADABAD INDORE Pan-India network with presence across 3. 4. ROHTA HARIDWAR 16. 17. JAMSEDPUR KOLKATA all key manufacturing hubs in India. 5. RUDRAPUR 18. NASIK 1 6. DELHI 19. AURANGABAD A team of sales & service engineers catering 2 4 7. GURGAON 20
Slide 15: Management Team
Management Team GAURAV SARUP PRASHANT SARUP SIDDHANT SARUP ARCHANA SARUP C O - F O U N D E R & MD C O - F O U N D E R & J T. MD W H O L E TI ME D I R E C TO R W H O L E TI ME D I R E C TO R Degree in Production Degree in Production B . Te c h i n i n d u s t r i a l Ma s t e r ’ s D e g r e e f r o
Slide 16: Business Review
Business Review 17 5 YEARS PERFORMANCE 18 REVENUE STREAMS 19 KEY STRENGTHS 20 BUSINESS CANVAS
Slide 17: Annual Performance Highlights
Annual Performance Highlights (Note – Total debt includes loans from Promoters amounting to 9.45 cr to help the company. Out of this total 5.6cr has been infused in FY23. ) 17 MARSHALL MACHINES LIMITED
Slide 18: Revenue Stream
Revenue Stream INDUSTRY-WISE REVENUE FY22 FY23 ▪ Increase in general engineering revenue and decrease 1% 0% in dependence on automotive industry 19% 20% ▪ Entering new customer segments within the engineering industry which are looking like high growth areas. 45% ▪ Reduction in share of other indust
Slide 19: Strengths & Weaknesses
Strengths & Weaknesses STRENGTHS WEAKNESSES ▪ Unmatched value proposition to the ▪ Commoditized & price-competitive industry industry for standard machines ▪ Innovative, customized solution ▪ Long working capital cycle offerings ▪ Scale of operations ▪ 61-year-old brand, Marshall ▪ Lack of presence
Slide 20: Business Canvas
Business Canvas KEY KEY VALUE CUSTOMER CUSTOMER PARTNERSHIPS ACTIVITIES PROPOSITION RELATIONSHIPS SEGMENTATION ▪ International Machine ▪ R&D & designing ▪ Customized solution ▪ Strong, seasoned customer ▪ 2 key customer segments Tool Manufacturers machines offerings to machine shops relationships i.
Slide 21: Growth Drivers & Outlook
Growth Drivers & Outlook 22 STRATEGIC PRIORITIES 23 GROWTH DRIVER 24 DEVELOPING STRATEGIC GLOBAL ALLIANCES
Slide 22: Strategic Priorities
Strategic Priorities INCREASING SHARE OF AUTOMATION INCREASE SHARE OF EXPORT REVENUE & INDUSTRY 4.0 BUSINESS DIVERSIFICATION ▪ Increasing the share of ▪ Export to USA market ▪ Limiting exposure to any one under differentiated and unique Marshall industry, to not more than 25%, to ▪ Export to Europe
Slide 23: Growth Drivers & Outlook
Growth Drivers & Outlook IMPORT SUBSTITUTION INCREASING ADOPTION FOCUS ON FOCUS ON DE-SKILLING ADDING COMPETENCIES PRODUCT OFFERING OF INDUSTRY 4.0 AUTOMATION OPERATION IN EMERGINGG TECHNOLOGIES MANUFACTURING ▪ Alloy Wheels production ▪ Companies looking ▪ Customers will look ▪ Customers who cannot
Slide 24: Developing Strategic Global Alliances
Developing Strategic Global Alliances With European & Japanese Machine Builders MARKET IMPORTED AUTOMATED CELLS GOVERNMENT BUSINESS EXPANDING CLIENTELE MACHINE PARTS MACHINES IN INDIA ▪ Import advanced ▪ Machines manufactured ▪ Tap opportunities in the ▪ Partner machines built-in ▪ Machine parts to
Slide 25: Conclusion
Conclusion 26 INVESTMENT RATIONALE
Slide 26: Investment Rationale
Investment Rationale CAPEX OPPORTUNITY EMERGING FOCUSED ON SEASONED COMPLETED SIZE OPPORTUNITIES IN DELEVERAGING MANAGEMENT MANUFACTURING ▪ Completed a ▪ Huge potential of ▪ Emerging opportunities ▪ The company is focusing ▪ 3rd generation of significant CAPEX Affordable Automation in sectors such a
Slide 27: Financial Performance
Financial Performance 28 PROFIT AND LOSS SUMMARY 29 BALANCE SHEET SUMMARY 30 CASH FLOW STATEMENT SUMMARY
Slide 28: Profit & Loss Summary
Profit & Loss Summary (₹IN CRORES) PARTICULARS FY17 FY18 FY19 FY20 FY21 FY22 FY23 Sales 50.19 59.35 65.22 59.74 67.14 60.33 34.49 Raw Material Cost 33.97 38.05 38.89 30.12 46.32 37.91 30.25 Employee Expenses 4.24 4.57 5.77 6.83 6.85 10.75 6.21 Other Expenses 5.83 3.92 5.35 6.98 4.56 4.77 2.13 Total
Slide 29: Balance Sheet Summary
Balance Sheet Summary (₹IN CRORES) PARTICULARS FY17 FY18 FY19 FY20 FY21 FY22 FY23 Equity Capital 1.81 2.14 14.55 14.55 14.55 14.55 14.55 Reserves & Surplus 8.05 15.73 23.96 26.72 34.50 31.43 24.98 Shareholders Funds 9.86 17.87 38.51 41.27 49.05 45.98 39.53 Long Term Borrowings 5.93 7.41 8.38 13.72 1
Slide 30: Cash Flow Statement Summary
Cash Flow Statement Summary (₹IN CRORES) PARTICULARS FY17 FY18 FY19 FY20 FY21 FY22 FY23 10.87 4.15 13.60 11.79 11.34 4.78 0.15 Cash from Operating Activities -5.09 -8.92 -27.25 -14.50 -10.36 -0.37 -0.82 Cash from Investing Activities -5.18 5.06 13.95 3.00 -1.76 -4.77 0.70 Cash from Financing Activit
Slide 31: Order Book and Bid
Order Book and Bid Order Book and Bid (₹IN CRORES) ORDER BOOK ORDER BID 260 210 135 54 41 31st March 2022 31st March 2023 31st March 2021 31st March 2022 31 MARSHALL MACHINES LIMIT ED
Slide 32: Management Commentary
Management Commentary "We are pleased to present you our FY23 India and help us to offer European technology financial and operational performance. FY23 at Indian prices. has been the most challenging year for This technology along with the existing product Marshall. We have not only survived but co
Slide 33: Market Statistics
Market Statistics IPO Date 28th August 2018 Shareholding Pattern Issue Price ₹ 42 NSE Symbol (NSE Emerge) MARSHALL 48% IPO Subscription 2.2X 52% Shares Outstanding 1.46 Cr Face Value ₹ 10 Promoter Pledge NIL Promoters Public The Company is listed on NSE main board 33 MARSHALL MACHINES LIMITED
Slide 34: Fund Raise Plan
Fund Raise Plan Company plans to raise funds through equity route in this financial year • The funds will be used to acquire critical technology which will enable the company to : • Improve Gross Margin by 12% • Create more intellectual properly • Launch a new line of Machines for private sector cus
Slide 35: Fund Raise Plan
Fund Raise Plan • Company Plans to Raise (INR) – 45 Crores • Mode of Raising funds - Dilution of equity • TimeLine – Within the Financial Year 2023-24. 52% 35 MARSHALL MACHINES LIMITED
Slide 36: Get in Touch
Get in Touch SIDDHANT SARUP W hole-Time Director investors@marshallcnc.com www.marshallcnc.com SAFE HARBOR This document which has been prepared by Marshall Machines Limited (the “Company”, “Marshall”, “Marshall Machines”), have been prepared solely for information purposes and do not constitute any
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