Mmp Industries Ltd. · NSE:MMP
Mmp Industries — Q1 FY24 Earnings Presentation
25 slides from Mmp Industries's earnings presentation, Jul 31, 2023
Slide 1: Cover letter to NSE for investor presentation
Monday, 31st July 2023 The Manager, Listing Department, National Stock Exchange of India Limited “Exchange Plaza”, C - 1, Block G, Bandra –Kurla Complex, Bandra(East), Mumbai– 400051 MH IN Sub: Investors Presentation for the Audited Financial Results of the Company for the Quarter (Q-1)/FY23-24 ende
Slide 2: Leadership & Excellence in Aluminium - Investor Presentation July 2023
Leadership & Excellence In Aluminium INVESTOR PRESENTATION July 2023 1
Slide 3: Agenda
Agenda 1 About MMP Industries 2 Business/Industry Overview 3 Financial Overview 4 Investment Rationale © 2023 MMP Industries Limited, All Rights Reserved. 2
Slide 4: About MMP Industries Limited (MMPIL)
About MMP Industries Limited (MMPIL) 3
Slide 5: MMPIL At A Glance
MMPIL At A Glance Leading manufacturer of Association with Global aluminium powders, Industry leader “Toyo Pioneer in AAC Block aluminium foils and aluminium Aluminium K.K. Japan” segment conductors / cables in construction industry with an would help in moving up the value extensive range of alumin
Slide 6: Valuable Partners
Valuable Partners MMPIL Promoter Holding: 74.48% | Public Holding: 25.52% STAR CIRCLIPS & ENGINEERING LTD. MMPIL Holding: 26.06% | Promoter Holding: 73.94% ❑ Largest manufacturer of Circlips, retaining rings and carbon steel fasteners in India ❑ Portfolio of 800+ products supplied to the Global Auto
Slide 7: Leadership Team
Leadership Team Mr. ARUN BHANDARI Mr. MAYANK BHANDARI Mrs. SAKSHI BHANDARI Managing Director Director Member of Promoter Group Mr. Arun Bhandari, aged 66 years, is a B. Mr. Mayank Bhandari, aged 37 years, is Mrs. Sakshi Bhandari, aged 36 years, is Tech in Chemical Engineering from son of Promoter Sh
Slide 8: Milestones
Milestones Technical know- First atomizer ISO 9001 Sales cooperation Setting up of the Joint venture Migrated to Main Received how agreement commissioned certification with AVL Aluminium Agreement with Board to NSE significant with AVL (Belgium) for Conductor Toyo Aluminium approvals from Belgium va
Slide 9: Manufacturing Units
Manufacturing Units 3 manufacturing facilities located near Nagpur, Capacity (MTPA) Maharashtra Division Installed FY23 Upcoming FY24 Total Powders Atomised 12,000 -- 12,000 Unit I – Maregaon, Dist. Bhandara (aluminum powders and aluminum conductors / cables) Pyro & Flakes 11,000 1,500* 12,500 Leafi
Slide 10: Product Portfolio
Product Portfolio ALUMINIUM ALUMINIUM POWDERS ALUMINIUM FOILS CONDUCTORS/CABLES CAPACITY : 22,000 MTPA CAPACITY : 5,000 MTPA CAPACITY : 7,200 MTPA Revenue Share: 71%* Revenue Share: 21%* Revenue Share: 7* End Grade wise User Revenue Share OTHERS Explosives/Mining 34% HOME FOILS/CONTAINERS Revenue Sh
Slide 11: Marquee Customers - Powders
Marquee Customers - Powders Sumitomo Chemical © 2023 MMP Industries Limited, All Rights Reserved. 10
Slide 12: Marquee Customers - (Foils)
Marquee Customers - (Foils) © 2023 MMP Industries Limited, All Rights Reserved. 11
Slide 13: Business & Industry Overview
Business & Industry Overview 12
Slide 14: Aluminium Powders
Aluminium Powders Alumnium Powders Segment End User Industry Set up its first capacity in 1983 for aluminium powders EXPLOSIVE INDUSTRY in technical collaboration with a Belgium company Ets. It is a sensitizer in the production of explosives and Andre Van Lerberghe (now called AVL Metal Powders) pro
Slide 15: Aluminium Foils
Aluminium Foils Alumnium Foils Segment End User Industry Integrated foil project for making bare foil, PHARMACEUTICALS converted foil (coated, laminated, printed) Plain and printed blister & strip packaging in the pharma industry Building designed to enable doubling of capacities of all sections wit
Slide 16: Aluminium Conductors / Cables
Aluminium Conductors / Cables MMPIL offers transmission and distribution conductors that are used for overhead transmission of power Considering growing demand Company has set-up a forward integration capacity of Aerial Bunch Cables TOTAL INSTALLED CAPACITY 7200 MTPA © 2023 MMP Industries Limited, A
Slide 17: Financial Overview
Financial Overview 16
Slide 18: Management Commentary
Management Commentary “MMP Industries is pleased to announce its financial results and healthy performance for the quarter ending June 2023. Despite facing a series of challenging market conditions, and 20% fall in aluminium prices compared to Q1 FY 2023, the company has reported its highest ever qu
Slide 19: Quarterly Financial Highlights
Quarterly Financial Highlights Revenue (₹Mn.) EBITDA (₹Mn.) PAT (₹Mn.) 1,483 1,516 117 72 80 47 Q1 FY23 Q1 FY24 Q1 FY23 Q1 FY24 Q1 FY23 Q1 FY24 ▪ Total Revenue was ₹1,516 mn for Q1 FY24 compared to ₹1,483 mn in Q1 FY23, an increase of 2% ▪ EBITDA stood at ₹117 mn for Q1 FY24 compared to ₹72 mn durin
Slide 20: Quarterly Segmental Performance Revenue Highlights
Quarterly Segmental Performance Revenue Highlights Aluminium Powders (₹Mn.) Aluminium Foils (₹Mn.) ALUMINIUM Conductors(₹mn.) 1,081 1,030 225 313 253 82 Q1 FY23 Q1 FY24 Q1 FY23 Q1 FY24 Q1 FY23 Q1 FY24 ▪ Aluminium powder revenue at ₹1,030 mn for Q1 FY24 compared to ₹1,081 mn for Q1 FY23 ▪ Aluminium f
Slide 21: Consolidated Income Statement
Consolidated Income Statement Particulars (₹ Mn) Q1FY24 Q4FY23 Q1FY23 FY23 FY22 Total Income 1,516 1,436 1,483 5,389 4,487 Total Expenses 1,399 1,325 1,411 5,030 4,064 EBITDA 117 111 72 359 424 EBITDA Margin (%) 8% 8% 5% 7% 9% Finance Cost (Net) 12 12 9 45 36 Depreciation 18 17 17 68 63 PBT 102 82 4
Slide 22: Consolidated Balance Sheet
Consolidated Balance Sheet Particulars (₹Mn) FY23 FY22 Particulars (₹Mn) FY23 FY22 ASSETS EQUITY AND LIABILITIES Non-Current Assets Shareholder's funds Property, Plants and Equipments 1595 1,465 Share Capital 254 254 Intangible Assets 4 7 Reserves and Surplus 2317 2,126 Capital Works in Progress 146
Slide 23: Investment Rationale
Investment Rationale 22
Slide 24: Investment Rationale
Investment Rationale The internally funded project of new rolling mill will more than double the capacity and also add new light gauge manufacturing possibilities, which will widen our product basket where the margins are higher. The Company has planned further capacity expansion of 1500 MTPA for py
Slide 25: Thank you
Thank you For further information, contact: Sharad Khandelwal CFO, MMP Industries Ltd E: sharadk@mmpil.com Siddesh Chawan Ernst & Young LLP, Investor Relations E: Siddesh.Chawan@in.ey.com 24