Man Industries (india) Limited · NSE:MANINDS
Man Industries (india) — Q1 FY2023 Earnings Presentation
26 slides from Man Industries (india)'s earnings presentation, Aug 12, 2022
Slide 1: Regulation 30 announcement: Investor Presentation for Q1 FY2023
An ISO 9001:2015, 14001:2015, 45001:2018 Certified Company © MA N www.mangroup.com y NN Industries (India) Ltd CIN NO. - L99999MH1988PLC047408 the line pipe people August 12, 2022 To, To, BSE Limited National Stock Exchange of India Ltd. 1s Floor, New Trading Ring, Exchange Plaza, 5% Floor, Rotunda
Slide 2: Man Industries (India) Ltd Q1 FY23 Investor Presentation
Man Industries (India) Ltd Q1 FY23 Investor Presentation
Slide 3: Disclaimer
Disclaimer This presentation and the accompanying slides (the “Presentation”), which have been prepared by Man Industries India Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any s
Slide 4: Table of content
Table of content 1. Q1 FY23 Operational and Financial Highlights 2. Company Overview & Key Strengths 3. Vision 2025 4. Historical Financial Highlights 3
Slide 5: Q1 FY23 Operational and Financial Highlights
Q1 FY23 Operational and Financial Highlights
Slide 6: Key highlights during the Quarter
Key highlights during the Quarter ▪ Q1 FY23 standalone total income of Rs. 507.9 crore, a growth of 23.8% with an Financial performance EBITDA and PAT of Rs. 35.2 crore and Rs. 10.5 crore respectively. ▪ Unexecuted order book as on date stands at approx. Rs. 1,000 Crore with active bid book of over
Slide 7: Standalone Profit & Loss Statement – Q1 FY23
Standalone Profit & Loss Statement – Q1 FY23 Particulars (INR Crore) Q1 FY23 Q1 FY22 % Change Revenue from Operations 495.3 403.7 Other Income 12.6 6.6 Total Income 507.9 410.3 23.8% Gross Profit 108.0 110.4 Gross Margin 21.3% 26.9% Operating expenses 72.8 65.4 EBITDA 35.2 45.0 (21.8%) EBITDA Margin
Slide 8: Consolidated Profit & Loss Statement – Q1 FY23
Consolidated Profit & Loss Statement – Q1 FY23 Particulars (INR Crore) Q1 FY23 Q1 FY22 % Change Revenue from Operations 510.5 403.7 Other Income 12.5 6.6 Total Income 523.0 410.3 27.5% Gross Profit 108.5 112.6 Gross Margin 20.7% 27.4% Operating expenses 73.9 67.5 EBITDA 34.6 45.0 (23.1%) EBITDA Marg
Slide 9: Company Overview & Key Strengths
Company Overview & Key Strengths
Slide 10: Core competencies and strengths
Core competencies and strengths 01 Among leading manufacturer of large diameter pipes 02 Strong manufacturing capabilities with state of art facilities 03 Specialized product offering with approved vendor status from marquee clients 04 Experienced and qualified management team 05 Well placed to capt
Slide 11: Among leading manufacturer of large diameter pipes
Among leading manufacturer of large diameter pipes API grade LSAW, HSAW, 1 Million+ MT Coating products used in Total installed capacity Executed critical and complex projects O&G, water worldwide ▪ Jagdishpur Haldia-Bokaro-Dhamra- Phase II project for GAIL ~3 decades of 13,000+ KM ▪ Gas oil pipelin
Slide 12: Strong manufacturing capabilities with state of art facilities
Strong manufacturing capabilities with state of art facilities Combined manufacturing capacity to 1 million metric tons p.a. of SAW pipes with strong quality control Manufacturing Quality Control Facilities Anjar, Gujarat Pithampur, MP ▪ Well-crafted manufacturing process leading to high quality pro
Slide 13: Specialized product offerings with approved vendor status
Specialized product offerings with approved vendor status Current product offering include LSAW, HSAW & Coating Longitudinal Submerged Arc Welded Helically Submerged Arc Welded External coating – 4 mn sq. meter p.a. (LSAW) Pipe (HSAW) Pipe 5,00,000 metric tons p.a. 5,00,000 metric tons p.a. Internal
Slide 14: Leadership
Experienced and qualified management team Diversified board of directors supported by skilled KMP’s Mr. Ramesh C Manshukhani, Group Chairman Mr. Nikhil Mansukhani as Managing Director Leadership ▪ 40+ years of experience in the steel pipe industry ▪ Over 8 years of experience in steel pipes industry
Slide 15: Well placed to capture increasing industry opportunities
Well placed to capture increasing industry opportunities ▪ In February 2022, Ministry of Petroleum & Natural Gas, said that India will more than double its exploration area of oil and gas to 0.5 million sq. km. by 2025 and to 1 million sq. km. by 2030 with a view to increase domestic output Oil & Ga
Slide 16: Vision 2025
Vision 2025
Slide 17: Upgradation of existing facilities to improve efficiencies
Upgradation of existing facilities to improve efficiencies Focus on cycle time reduction by Debottlenecking to enhance adopting advanced technologies Optimizing production and improve capacity Improving lead that will also result in process production utilization levels time optimization Focus on hi
Slide 18: Undertaking capex for new products addition
Undertaking capex for new products addition To Serve the hydro- Expected to be 1. 6” to 18” diameter 1,25,000 MTPA carbon and CGD Approx. Rs. 170 crore completed by Q4 ERW Pipes size (API grade) sector FY23 2. (a) To serve the Size range of 18” Expected to be Steel Bends & 5,000-6,000 bends hydrocar
Slide 19: Moving from project based to product-based company
.. thus moving from project based to product-based company Total installed capacity 10,00,000 11,25,000 11,45,000 MTPA MTPA MTPA 20,000 1,25,000 1,25,000 5,00,000 5,00,000 5,00,000 5,00,000 5,00,000 5,00,000 2021-2022 2022-2023 2023-2024 LSAW HSAW ERW Stainless Steel 18
Slide 20: Leading to realization of desired targets
Leading to realization of desired targets Strategies undertaken on various front Optimum utilization of existing Enter new sectors with existing Enter new product offerings facilities product offerings • Focus on higher margin products • Targeting higher capacity • Develop capabilities to diversify
Slide 21: Historical Financial Performance
Historical Financial Performance
Slide 22: Consolidated Profit & Loss Statement – FY22
Consolidated Profit & Loss Statement – FY22 Particulars (INR Crore) FY22 FY21 FY20 Revenue from Operations 2,138.6 2,080.2 1,759.3 Other Income 37.1 30.8 16.6 Total Income 2,175.7 2,111.0 1,775.8 Gross Profit 592.4 688.3 512.7 Gross Margin 27.2% 32.6% 28.9% Operating expenses 374.8 452.4 328.2 EBITD
Slide 23: Consolidated Balance Sheet as on 31st March 2022
Consolidated Balance Sheet as on 31st March 2022 (Rs Crore) Mar’ 22 Mar’ 21 (Rs Crore) Mar’ 22 Mar’ 21 Share Capital 29.6 28.6 Fixed Assets incl. CWIP 338.2 337.7 Other Equity 912.6 806.3 Non-Current Investment 102.3 102.3 Shareholders' Funds 942.2 834.9 Trade Receivables 73.5 25.2 Borrowings 3.7 2.
Slide 24: Annual Profit & Loss Highlights
Annual Profit & Loss Highlights Total Income Rs. Crore Gross Profit (Rs. Crore)/Gross Profit Margin (%) 2,500 2,242 2,176 2,111 32.6% 800 28.9% 27.2% 35% 2,000 1,776 700 24.3% 30% 600 688 25% 1,500 500 592 545 513 20% 400 1,000 15% 300 200 10% 500 5% 100 0 0 0% FY19 FY20 FY21 FY22 FY19 FY20 FY21 FY2
Slide 25: Key Financial Ratios
Key Financial Ratios Return on Capital Employed (%) Debt to Equity 22% 19% 0.3 0.3 0.3 18% 16% 0.1 FY19 FY20 FY21 FY22 FY19 FY20 FY21 FY22 Book Value Per Share (Rs.) 159 146 123 131 FY19 FY20 FY21 FY22 RoCE – EBIT/Capital employed (Total assets – Current liabilities) 24
Slide 26: Thank You
THANK YOU Man Industries (India) Ltd. Pareto Capital (Investor relations advisor) Mr. Mahantesh M, Manager IR Ms. Pooja Dokania/ Mr. Smit Shah mahantesh.m@maninds.org pooja.dokania@paretocapital.in/ Man House, 101, S.V. Road, Vile Parle (W), smit.shah@paretocapital.in Mumbai. B/ 210, Kanakia Wall St
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