Usha Martin Limited · NSE:USHAMART
Usha Martin — Q2 FY22 Earnings Presentation
22 slides from Usha Martin's earnings presentation, Nov 16, 2021
Slide 1: Exchange filing cover letter for investor presentation
usha martin Usha Martin Limited 2A, Shakespeare Sarani, Kolkata (formerly Calcutta) - 700 071, India Phone : (00 91 33) 71006300, Fax : (00 91 33) 2282 9029, 71006400/ 500 CIN:L31400WB1986PLC091621 Website:www.ushamartin.com Date: 16th November 2021 The Secretary Societe de la Bourse de The Secretar
Slide 2: Results Presentation Quarter and Half-year ended September 30, 2021
STEEL WIRE ROPE | WIRE & STRAND | LRPC | PRE-STRESSING ACCESSORIES & SERVICES | ALLIED MACHINERY | TELECOM CABLE | Results Presentation Quarter and Half-year ended September 30, 2021
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 Q2FY22 Earnings Presentation 3
Slide 5: Key Highlights
Key Highlights In Q2FY22, Company generated strong profitability despite overall market demand remaining subdued due to continuing monsoon and supply chain disruptions Company continued to protect margins even with the continued volatility in metal prices, increase in energy cost and high freight co
Slide 6: Strong profitability despite supply chain disruptions – Half-yearly
Strong profitability despite supply chain disruptions – Half-yearly Figures in INR Crs Volumes (in ‘000 tons) Revenue EBITDA & PAT EBITDA Margin (%) Production Delivery 250 17% 16% Consolidated 15% 200 14% 13% 11% 150 9% 7% 100 5% 3% 50 74 70 96 88 895 1,209 124 197 1% 46 116 0 -1% H1 FY21 H1 FY22 H
Slide 7: Strong profitability despite supply chain disruptions – Quarterly
Strong profitability despite supply chain disruptions - Quarterly Figures in INR Crs Volumes (in ‘000 tons) Revenue EBITDA & PAT EBITDA Margin (%) Production Delivery 120 17% 17% Consolidated 100 17% 15% 80 16% 60 16% 40 15% 20 15% 40 43 45 43 518 594 78 99 0 14% 38 58 Q2 FY21 Q2 FY22 Q2 FY21 Q2 FY2
Slide 8: Operating Performance
2 Operating Performance Q2FY22 Earnings Presentation 7
Slide 9: Half-yearly Volumes – Consolidated
Half-yearly Volumes – Consolidated Production Delivery Figures in ‘000 tons R o p 46 38 40 36 e H1 FY'22 H1 FY'21 H1 FY'22 H1 FY'21 W S I T R R E A 19 18 N 20 17 & D H1 FY'22 H1 FY'21 H1 FY'22 H1 FY'21 L R P 31 18 28 17 C H1 FY'22 H1 FY'21 H1 FY'22 H1 FY'21 Deliveries are excluding Inter-Company del
Slide 10: Half-yearly Volumes – Standalone
Half-yearly Volumes – Standalone Production Delivery Figures in ‘000 tons R o p 31 25 30 27 e H1 FY'22 H1 FY'21 H1 FY'22 H1 FY'21 W S I T R R E A 14 13 N 14 14 & D H1 FY'22 H1 FY'21 H1 FY'22 H1 FY'21 L R P 31 18 28 17 C H1 FY'22 H1 FY'21 H1 FY'22 H1 FY'21 Q2FY22 Earnings Presentation 9
Slide 11: Quarterly Volumes – Consolidated
Quarterly Volumes – Consolidated Production Delivery Figures in ‘000 tons R o p 22 24 20 20 20 22 e Q-2 FY'22 Q-1 FY'22 Q-2 FY'21 Q-2 FY'22 Q-1 FY'22 Q-2 FY'21 W S I T R R E A 9 10 11 N 10 10 11 & D Q-2 FY'22 Q-1 FY'22 Q-2 FY'21 Q-2 FY'22 Q-1 FY'22 Q-2 FY'21 L R P 14 17 9 13 15 10 C Q-2 FY'22 Q-1 FY
Slide 12: Quarterly Volumes – Standalone
Quarterly Volumes – Standalone Production Delivery Figures in ‘000 tons R o p 16 15 15 16 14 15 e Q-2 FY'22 Q-1 FY'22 Q-2 FY'21 Q-2 FY'22 Q-1 FY'22 Q-2 FY'21 W S I T R R E A 7 7 9 N 7 7 10 & D Q-2 FY'22 Q-1 FY'22 Q-2 FY'21 Q-2 FY'22 Q-1 FY'22 Q-2 FY'21 L R P 13 15 10 14 17 9 C Q-2 FY'22 Q-1 FY'22 Q-
Slide 13: Financial Performance
3 Financial Performance Q2FY22 Earnings Presentation 12
Slide 14: PBT Bridge – Half-yearly Y-o-Y
PBT Bridge – Half-yearly Y-o-Y Figures in INR Crs Consolidated Standalone PBT is adjusted for profit/(loss) from discontinued business Q2FY22 Earnings Presentation 13
Slide 15: PBT Bridge – Q-o-Q
PBT Bridge – Q-o-Q Figures in INR Crs Consolidated Standalone Q2FY22 Earnings Presentation 14
Slide 16: Deleveraging continues
Deleveraging continues Figures in INR Crs Gross Debt Net Debt Consolidated Standalone Consolidated Standalone 461 267 388 202 342 258 244 176 Mar-21 Sep-21 Mar-21 Sep-21 Gross Debt/Equity (x) Net Debt/Equity (x) Interest Coverage (x) Consolidated Standalone Consolidated Standalone Consolidated Stand
Slide 17: Working capital position remains robust
Working capital position remains robust Figures in INR Crs Current Ratio (x) Net Working Capital Consolidated Standalone Consolidated Standalone 1.7 1.4 1.9 1.7 792 302 880 362 Mar-21 Sep-21 Mar-21 Sep-21 Net Working Capital Turnover (LTM x) Consolidated Standalone 2.8 5.1 3.0 5.1 Mar-21 Sep-21 Q2FY
Slide 18: Strong Cashflows for H1 FY’22
Strong Cashflows for H1 FY’22 Figures in INR Crs Consolidated Free Cash Flow : ₹ 133 Crores ( H-1 FY’21 : ₹ 92 Crores ) Free Cash Flow : ₹ 109 Crores ( H-1 FY’21 : ₹ 50 Crores ) Standalone Q2FY22 Earnings Presentation 17
Slide 19: Annexures
4 Annexures Q2FY22 Earnings Presentation 18
Slide 20: Profit and Loss Statement Summary (Consolidated)
Profit and Loss Statement Summary (Consolidated) Figures in INR Crs Q2FY22 Q2FY21 Y-o-Y Change Q1FY22 Q-o-Q Change H1FY22 H1FY21 Y-o-Y Change Revenue from Operations 594.1 518.4 14.6% 615.3 -3.5% 1,209.4 894.5 35.2% EBITDA 99.0 78.2 26.6% 97.7 1.3% 196.7 123.7 59.0% EBITDA Margin (%) 16.7% 15.1% 160
Slide 21: Profit and Loss Statement Summary (Standalone)
Profit and Loss Statement Summary (Standalone) Figures in INR Crs Q2FY22 Q2FY21 Y-o-Y Change Q1FY22 Q-o-Q Change H1FY22 H1FY21 Y-o-Y Change Revenue from Operations 421.2 312.4 34.9% 402.7 4.6% 823.9 540.3 52.5% EBITDA 70.0 48.5 44.2% 64.2 9.0% 134.2 79.2 69.4% EBITDA Margin (%) 16.6% 15.5% 110bps 15
Slide 22: 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