Rhi Magnesita India Limited · NSE:RHIM
Rhi Magnesita India — Q3 FY24 Earnings Presentation
10 slides from Rhi Magnesita India's earnings presentation, Feb 14, 2024
Slide 1: Intimation of conference call presentation to stock exchanges
0 RHI MAGNESITA RHI MAGNESITA INDIA LTD. (Formerly Orient Refractories Ltd.) 301, 316-19, Tower B, EMAAR Digital Greens Golf Course Extension Road, Sector 61, February 14, 2024 Gurugram, Haryana-122011, INDIA T +91 124 4062930 To E corporate.india@rhimagnesita.com £ www.rhimagnesitaindia.com Nationa
Slide 2: Investor Presentation
Investor Presentation RHI Magnesita India Limited February 2024
Slide 3: Quarter Highlights
Quarter Highlights 43% YoY growth in top line due to M&A driven sales volume increase Q3 on Q2 revenue decline due to reduced volumes Q3 FY24 Vs Q2 FY24 129 122 6% revenue decline due to ‒ 5% lower shipment - Deliberate tightening of customer -6% credit risk criteria 77 9,869 ‒ 1% lower average re
Slide 4: Profit and Loss Snapshot: Consolidated
Profit and Loss Snapshot : Consolidated Q3 FY24 Vs Q2 FY24 ₹m €m Q3 FY24 Q2 FY24 Change Q3 FY24 Q2 FY24 Production - MT 77718 89587 -13% 77718 89587 13% lower production by 12kt Shipment - MT 122154 128943 -5% 122154 128943 ‒ inventory reduction by 14kt Avg realisation/MT 75556 76538 -1% 816 827 ‒
Slide 5: Bridge – Q3 FY24 Vs Q2 FY24
Bridge – Q3 FY24 Vs Q2 FY24 Lower revenue primarily due to decline in shipments ₹m 9,869 9,229 -520 -120 Revenue Shipment 5% Average realization 1% €106m €6m -€1m €100m Q2 FY24 Volume Price Q3 FY24 1,507 -79 -120 1,182 EBITDA -126 €16m -€1m -€1m -€1m €13m Q2 FY24 Volume Price Cost Q3 FY24 RHI Ma
Slide 6: Working Capital
Working Capital Strategic focus on improving cash conversion cycle Inventories (₹ m) Inventory days Working capital (₹m) 109 114 109 Cash conversion cycle 9,956 11,354 10,351 96 95 €108m €123m €111m Jun-23 Sep-23 Dec-23 Receivables (₹ m)1 Receivables days 103 101 98 13,453 12,387 10,663 10,983 10,06
Slide 7: Debt including short term
Debt including short term Comfortable debt position ₹m €161m €54m €46m €2m €2m €50m Mainly ECB loan €33m + Working Capital 14,927 5,003 154 4,610 4,239 216 Mar-23 Jun-23 Sep-23 Net Availment ECB Reinstatement Dec-23 RHI Magnesita India
Slide 8: Cashflow
Cashflow Reduced payables leads to net working capital absorption ₹m €8m €13m -€12m -€2m -€2m €5m 1,182 Decrease in Inventory ₹1,002 Mn (€11m) Receivables ₹1,134 Mn (€12m) Trade Payables ₹3,010 Mn (€33m) 781 -1,102 -216 431 -214 Cash as on Sep-23 EBITDA WC Tax Capex Cash as on Dec-23 RHI Magne
Slide 9: Strategic progress
Strategic progress RHIM India is delivering against its strategic priorities The integration of the Dalmia and Hi-Tech acquisitions is Key strengths proceeding according to plan, with initial synergies evident ✓ Market leadership position ‒ YTD 2024 Shipment growth @ 63% ✓ Local for local manufact
Slide 10: Disclaimer
Disclaimer Financial information contained herein, as well as other operational information, were not audited by independent auditors and may include forward-looking statements and reflects the current views and perspectives of the management on the evolution of macro-economic environment, condition