Slide 1: Investor Presentation filing letter to stock exchanges
Date: 8th November 2022 The Secretary The Secretary Societe de la Bourse de National Stock Exchange of India Ltd BSE Limited Luxembourg Exchange Plaza, 5th Floor, Phiroze Jeejeebhoy Towers, 35A Bouleverd Joseph II Plot No.C/1, G Block, Dalal Street L-1840, Luxembourg Bandra Kurla Complex, Bandra (E)
Slide 2: Results Presentation Half year and second quarter ended 30th September, 2022
STEEL WIRE ROPE | WIRE & STRAND | LRPC | PRE-STRESSING ACCESSORIES & SERVICES | ALLIED MACHINERY | TELECOM CABLE | Results Presentation Half year and second quarter ended 30th September, 2022
Slide 3: Contents
Contents 1 Key Highlights 2 Operating Performance 3 Financial Performance 4 Annexures Statements in this presentation describing the Company’s performance may be “forward looking statements” within the meaning of applicable securities laws and regulations. Actual results may differ materially from t
Slide 4: Key Highlights
1 Key Highlights 2QFY23 Results Presentation 3
Slide 5: Key Highlights
Key Highlights Maintained strong profitability by managing spread and met customer commitments despite decrease in realization of Wire and LRPC due to softening of metal prices Focused capex program underway to increase capacity and capability across product segments Product development remains a ke
Slide 6: Strong growth in YoY Quarterly Consolidated Revenue and EBITDA
Strong growth in YoY Quarterly Consolidated Revenue and EBITDA Figures in INR Crs Volumes (in ‘000 tons) Revenue EBITDA & PBT & PAT - Margin (%) Production Delivery EBITDA Margin (%) PBT PAT 17% 14% 16% Consolidated 12% 15% 16% 11% 10% 14% 12% 12% 10% 759 820 10% 103 100 45.4 42.5 48.3 46.5 49.4 50.
Slide 7: Strong growth in YoY Half-yearly Consolidated Revenue and EBITDA
Strong growth in YoY Half-yearly Consolidated Revenue and EBITDA Figures in INR Crs Volumes (in ‘000 tons) Revenue EBITDA & PBT & PAT - Margin (%) Production Delivery EBITDA Margin (%) PBT PAT 13% 16% Consolidated 15% 16% 10% 14% 12% 12% 10% 10% 1,579 204 92.2 87.5 97.7 96.6 1,209 245 8% 161 197 6%
Slide 8: Operating Performance
2 Operating Performance 2QFY23 Results Presentation 7
Slide 9: Quarterly Consolidated delivery volumes increased 18% YoY & 8% QoQ
Quarterly Consolidated delivery volumes increased 18% YoY & 8% QoQ Production Delivery Figures in ‘000 tons Standalone 45.4 48.3 49.4 42.5 46.5 50.1 Subsidiaries 22.1 22.7 24.0 R 20.9 24.1 19.9 YoY (+) 4.2, 21% 8.0 7.9 8.3 O 13.6 11.3 12.7 P QoQ (+) 3.2, 15% 14.1 14.8 15.7 E 8.6 8.2 10.5 2QFY22 1QFY
Slide 10: Half-yearly Consolidated delivery volumes increased 10% YoY
Half-yearly Consolidated delivery volumes increased 10% YoY Production Delivery Figures in ‘000 tons Standalone 92.2 97.7 87.5 96.6 Subsidiaries 43.8 46.7 R 40.3 45.0 YoY (+) 4.7, 12% 16.1 16.2 O 26.3 24.3 P 27.7 30.5 E 16.0 18.7 1HFY22 1HFY23 1HFY22 1HFY23 17.3 18.5 W S 19.3 18.8 6.1 I T YoY (-) 0.
Slide 11: Financial Performance
3 Financial Performance 2QFY23 Results Presentation 10
Slide 12: PBT Bridge: 1H'22 Actual To 1H'23 Actual
PBT Bridge : 1H’22 Actual To 1H’23 Actual Figures in INR Crs 222 -92 9 -76 Consolidated 204 141 1HFY22 PBT Sales Price/Mix Sales Volume & Fin ance costs Others 1HFY23 PBT Consumption 147 -74 10 -50 Standalone 133 100 1HFY22 PBT Sales Price/Mix Sales Volume & Consumption Finance costs Others 1HFY23 P
Slide 13: PBT Bridge: 1Q'23 Actual To 2Q'23 Actual
PBT Bridge : 1Q’23 Actual To 2Q’23 Actual Figures in INR Crs 103 -21 19 -1 100 Consolidated 1QFY23 PBT Sales Price/Mix Sales Volume & Consumption Others 2QFY23 PBT 71 -17 14 -7 61 Standalone 1QFY23 PBT Sales Price/Mix Sales Volume & Consumption Others 2QFY23 PBT 2QFY23 Results Presentation 12
Slide 14: Profitability indicators remain strong
Profitability indicators remain strong Consolidated Standalone EBITDA/MT (in ₹ ‘000)^ Interest Coverage (x) Fixed Asset Turnover Ratio (x) 18.5 17.8 26.5 17.0 4.4 4.7 4.7 24.1 25.5 15.0 13.8 14.4 21.7 19.9 3.2 3.4 3.6 18.1 17.5 18.7 8.2 8.1 FY22 1QFY23 2QFY23 1HFY23 FY22 1QFY23 2QFY23 1HFY23 FY22 Ju
Slide 15: Balance sheet remains significantly de-risked
Balance sheet remains significantly de-risked Figures in INR Crs Consolidated Standalone Gross Debt Net Debt 355 354 256 191 130 151 147 52 Mar-22 Sep-22 Mar-22 Sep-22 Gross Debt/Equity (x) Net Debt/Equity (x) 0.2 0.2 0.2 0.2 0.1 0.1 0.1 0.1 Mar-22 Sep-22 Mar-22 Sep-22 2QFY23 Results Presentation 14
Slide 16: NWC Turnover reduction through active rationalization of inventory
NWC Turnover reduction through active rationalization of inventory Figures in INR Crs Continuous focus on optimizing working capital to reduce cash conversion cycle over the next few quarters Consolidated Standalone Current Ratio (x) Net Working Capital 874 999 2.2 2.1 2.2 2.0 353 438 Mar-22 Sep-22
Slide 17: Operating Cash Flow impacted by increase in working capital
Operating Cash Flow impacted by increase in working capital Optimizing working capital to increase EBITDA conversion into cash flows the centre of our strategy over the next few quarters { } Previous year figures Figures in INR Crs 245 -7 -142 Consolidated -34 -64 154 8 1 -61
Slide 18: Annexures
4 Annexures 2QFY23 Results Presentation 17
Slide 19: Profit and Loss Statement Summary - Consolidated
Profit and Loss Statement Summary - Consolidated Figures in INR Crs 2QFY23 2QFY22 Y-o-Y Change 1QFY23 Q-o-Q Change 1HFY23 1HFY22 Y-o-Y Change Revenue from Operations 820.2 594.1 38.1% 758.7 8.1% 1,578.9 1,209.4 30.6% EBITDA 120.6 99.0 21.9% 124.1 -2.8% 244.7 196.7 24.4% EBITDA Margin (%) 14.7% 16.7%
Slide 20: Profit and Loss Statement Summary - Standalone
Profit and Loss Statement Summary - Standalone Figures in INR Crs 2QFY23 2QFY22 Y-o-Y Change 1QFY23 Q-o-Q Change 1HFY23 1HFY22 Y-o-Y Change Revenue from Operations 518.8 421.2 23.2% 515.6 0.6% 1,034.4 823.9 25.5% EBITDA 71.7 70.0 2.4% 82.2 -12.8% 153.9 134.2 14.7% EBITDA Margin (%) 13.8% 16.6% -280b
Slide 21: Thank You
Thank You USHA MARTIN LIMITED 2A, Shakespeare Sarani, Kolkata – 700 071, India CIN: L31400WB1986PLC091621 Phone: 033 – 7100 6300 Email: investor@ushamartin.co.in Website: www.ushamartin.com