Mtar Technologies Ltd. · NSE:MTARTECH
Mtar Technologies — Investor Presentation (February 2024)
21 slides from Mtar Technologies's investor presentation, Feb 13, 2024
Slide 1: MTAR Technologies Limited
MTAR Technologies Limited Please click here for corporate video Investor Presentation – February 2024
Slide 2: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by MTAR Technologies 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 sec
Slide 3: A leader in critical and differentiated engineered products
A leader in critical and differentiated engineered products Strong Order Book Position Q3 & 9M FY24 Financial Snapshot Working Capital Management Well Balanced Portfolio Q3 & 9M FY24 Financial Performance ESG Experienced Board of Directors & Well Qualified Management Team
Slide 4: Strong Order book Position
Strong Order book Position Receipt of Major New Orders Order book Build-Up (Rs. in Crs) Existing Business Received Rs. 295.4Cr of orders in various sectors including 114.1 1,178.9 295.4 Clean Energy – Civil Nuclear Power, Fuel cells and Hydel, 997.6 Space, Defence, Products and others in Q3FY 24 Div
Slide 5: Q3 & 9M FY24 Financial Performance
Q3 & 9M FY24 Financial Performance Revenues Revenues (Rs. (Rs. Crs) Crs) Gross Profit (Rs. Crs) EBIDTA (Rs. Crs) 52.7% 51.9% 55.4% 48.8% 28.1% 20.2% 27.8% 21.6% 437.8 377.4 213.6 104.9 208.9 94.5 160.2 84.4 45.0 118.4 61.4 23.9 Q3FY23 Q3FY24 9MFY23 9MFY24 Q3FY23 Q3FY24 9MFY23 9MFY24 Q3FY23 Q3FY24 9M
Slide 6: Working Capital Management
Working Capital Management Net Working Capital (in Days) Particulars (Days) Q3FY24 Q2FY24 350 302 300 Receivables 92 107 278 283 250 230 203 200 194 Inventory 234 219 179 150 138 RM 135 130 92 99 99 100 89 50 WIP 99 89 0 Mar-23 Jun-23 Sep-23 Dec-23 Payables 41 49 Other than WIP WIP Total Working Cap
Slide 7: Well-balanced Portfolio (1/2)
Well-balanced Portfolio (1/2) Revenue in Rs. Crs Clean Energy – Civil Nuclear Clean Energy – Fuel Cells, Space Hydel & Others Power 22% 14% 8% 9% 11% 24% 15% 9% 5% 6% 50% 63% 77% 62% 58% 55.3 58.2 441.7 45.7 48.3 49.4 43.8 40.4 271.8 201.6 23.2 122.7 12.9 68.8 6.9 FY21 FY22 FY23 9MFY24 Q3FY24 FY21 F
Slide 8: Well-balanced Portfolio (2/2)
Well-balanced Portfolio (2/2) Revenue in Rs. Crs Geographical Break-up Defense Products & Others Domestic Export 1% 3% 3% 4% 3% 4% 6% 4% 20% 22% 32.0% 15.1 15.4 87.2 68.0% Q3FY24 8.1 26.0% 4.0 23.7 25.7 18.3 1.3 9.0 74.0% FY21 FY22 FY23 9MFY24 Q3FY24 FY21 FY22 FY23 9MFY24 Q3FY24 9MFY24 8
Slide 9: Q3 & 9MFY24 Consolidated Profit & Loss Statement
Q3 & 9MFY24 Consolidated Profit & Loss Statement Particulars (Rs. Crs) Q3 FY24 Q3 FY23 Y-o-Y Q2 FY24 Q-o-Q 9MFY24 9MFY23 Y-o-Y Revenue from Operations 118.4 160.2 -26.1% 166.8 -29.0% 437.8 377.4 16.0% Cost of Materials Consumed 59.1 100.1 80.1 236.9 205.1 Changes in Inventories -2.1 -24.4 10.7 -12.7
Slide 10: ESG as an integral part of Business Decision Making
ESG as an integral part of Business Decision Making • MTAR envisions to be 100% ESG complaint; ESG is an integral part of our business decision making process • Nearly 85% of the Company’s revenue in FY 23 is derived from manufacturing climate positive products in Civil Nuclear Power, Fuel Cells, Hy
Slide 11: Supported by an Experienced Board of Directors
Supported by an Experienced Board of Directors Parvat Srinivas Reddy Managing Director and Promoter • 32+ years of rich work experience in Manufacturing and Construction industries • Master’s degree in science, specializing in industrial engineering from Krishna Kumar Aravamudan Louisiana Tech Unive
Slide 12: Experienced and Qualified Management Team
Experienced and Qualified Management Team Parvat Srinivas Reddy - Managing Director and Promoter Entrusted with the overall responsibility of management 32+ years of rich work experience in Manufacturing and Construction industries Master’s degree in science, specializing in industrial enginee
Slide 13: Annexure
Building Nation with Exceptional Engineering Annexure
Slide 14: A leader in critical and differentiated engineered products
A leader in critical and differentiated engineered products Historical Profit & Loss Consolidated Balance Sheet Abridged Cash Flow Statement Performance in Charts Capital Disciplined Approach
Slide 15: Historical Consolidated Profit & Loss Statement
Historical Consolidated Profit & Loss Statement Particulars (Rs. Crs) FY23 FY22 FY21 FY20 Revenue from Operations 573.8 322.0 246.4 213.8 Cost of Materials Consumed 315.6 157.4 101.8 87.3 Changes in Inventories of Finished Goods and Work in Progress -46.1 (41.2) (21.6) (15.1) Gross Profit 304.2 205.
Slide 16: Historical Balance Sheet – Equity & Liabilities
Historical Balance Sheet – Equity & Liabilities EQUITY & LIABILITIES (Rs. Crs) Mar-23 Mar-22 Mar-21 Mar-20 Equity Share Capital 30.8 30.8 30.8 26.8 Other Equity 589.4 489.0 446.0 198.3 Total Equity 620.1 519.7 476.7 225.1 Financial Liabilities Borrowings 77.7 25.9 7.1 0.0 Provisions 5.6 0.4 0.4 2.4
Slide 17: Historical Balance Sheet - Assets
Historical Balance Sheet - Assets ASSETS (Rs. Crs) Mar-23 Mar-22 Mar-21 Mar-20 Property, Plant and Equipment 290.2 195.4 166.1 155.0 Capital Work-in-progress 64.4 43.8 10.5 11.7 Intangibles Assets 0.8 1.0 0.9 0.1 Financial Assets (i) Investments 0.0 0.0 0.0 0.0 (iii) Other Financial Assets 2.2 2.2 2
Slide 18: Abridged Consolidated Cash Flow Statement
Abridged Consolidated Cash Flow Statement Particulars (Rs in Cr) 31-Mar-23 31-Mar-22 31-Mar-21 31-Mar-20 Operating profit before working capital changes 168.8 96.1 82.0 60.9 Changes in working capital (129.1) (108) (61.7) 2.5 Cash generated from operations 39.7 (11.8) 20.3 63.4 Direct taxes paid (ne
Slide 19: Performance in Charts
Performance in Charts Revenues (Rs. Crs) EBITDA (Rs. Crs) PAT (Rs. Crs) 573.8 154.0 103.4 +39% +38% +49% 322.0 94.4 60.9 83.1 246.4 46.1 213.8 58.0 31.3 FY20 FY21 FY22 FY23 FY20 FY21 FY22 FY23 FY20 FY21 FY22 FY23 Gross Profit Margins (%) EBITDA Margins (%) PAT Margins (%) 66.2% 67.5% 63.9% 33.7% 18.
Slide 20: Capital Disciplined Growth
Capital Disciplined Growth RoCE* (%) RoE# (%) Net Debt to Equity (x) 20.0% 19.9% 18.2% 0.23 19.0% 0.18 13.6% 14.2% 13.1% 11.7% 0.13 0.03 Mar-20 Mar-21 Mar-22 Mar-23 Mar-20 Mar-21 Mar-22 Mar-23 Mar-20 Mar-21 Mar-22 Mar-23 *RoCE = EBIT/Avg. Capital Employed #RoE = Net Profit/Avg. Total Equity Capital
Slide 21: Thank You
Thank You MTAR Technologies Limited CIN: L72200TG1999PLC032836 Ms. Srilekha Jasthi – Senior Manager – Strategy & Operations +91 76740 21818 srilekha@mtar.in Mr. Irfan Raeen +91 9773778669 Irfan.raeen@linkintime.co.in Mr. Parth Patel +91 98197 85972 Parth.patel@linkintime.co.in
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