Mmp Industries Ltd. · NSE:MMP
Mmp Industries — Q3 FY2024 Earnings Presentation
24 slides from Mmp Industries's earnings presentation, Feb 9, 2024
Slide 1: Cover letter to National Stock Exchange
Friday, 9th February, 2024 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 Unaudited Financial Results of the Company for the Quarter (Q-3)/FY23-2
Slide 2: Leadership & Excellence in Aluminium - Investor Presentation
Leadership & Excellence In Aluminium INVESTOR PRESENTATION February 2024 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 69 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 3,300* 14,300 Leafi
Slide 10: Product Portfolio
Product Portfolio ALUMINIUM ALUMINIUM POWDERS ALUMINIUM FOILS CONDUCTORS/CABLES CAPACITY : 26,600 MTPA CAPACITY : 12,000 MTPA CAPACITY : 7,200 MTPA Revenue Share: 69%* Revenue Share: 18%* Revenue Share: 12%* End Grade wise User Revenue Share OTHERS Explosives/Mining 34% HOME FOILS/CONTAINERS Revenue
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 We are pleased to report a robust performance for the quarter, characterised by notable achievements and promising developments. Our overall revenue growth has been commendable (despite low Aluminium prices), with substantial contributions from key segments such as Aluminium Po
Slide 19: Consolidated Financial Snapshot
Consolidated Financial Snapshot Revenue (₹Mn.) EBITDA (₹Mn.) PAT (₹Mn.) 3,953 4,194 332 247 216 144 9MFY23 9MFY24 9MFY23 9MFY24 9MFY23 9MFY24 Total Revenue at ₹4,194 mn compared to ₹3,953 mn in 9MFY23, an increase of 6% EBITDA stood at ₹332 mn compared to ₹247 mn during 9MFY23, an increase of 34
Slide 20: Segmental Performance Revenue Highlights
Segmental Performance Revenue Highlights Aluminium Powders (₹Mn.) Aluminium Foils (₹Mn.) ALUMINIUM Conductors(₹mn.) 2,828 2,879 904 769 518 198 9MFY23 9MFY24 9MFY23 9MFY24 9MFY23 9MFY24 Aluminium powders revenue at ₹2,879 mn for 9MFY24 compared to ₹2,828 mn for 9MFY23, an increase of 2% Aluminiu
Slide 21: Consolidated Income Statement
Consolidated Income Statement Particulars (₹ Mn) Q3FY24 Q2FY24 Q3FY23 9MFY24 9MFY23 Total Income 1,410 1,268 1,279 4,194 3,953 Total Expenses 1,318 1,222 1,206 3,969 3,790 EBITDA 133 81 102 332 247 EBITDA Margin (%) 9% 6% 8% 8% 6% Finance Cost (Net) 20 16 11 48 32 Depreciation 21 19 18 58 51 PBT 92
Slide 22: Investment Rationale
Investment Rationale 21
Slide 23: Investment Rationale
Investment Rationale The Company has initiated production of 1500 MTPA and is planning Phase II Expansion of 1800 MTPA for pyro and flake powders in Umred, funded through internal accruals. This milestone is expected to make a substantial contribution towards the revenue and margins A strategic over
Slide 24: Thank you
Thank you For further information, contact: Sharad Khandelwal CFO, MMP Industries Ltd E: [email protected] Siddesh Chawan Ernst & Young LLP, Investor Relations E: [email protected] 23