Usha Martin Limited has informed the Exchange about Investor Presentation for the quarter and year ended 31st March 2022.

usha martiri

Usha Martin Limited 2A, Shakespeare Sarani, Kolkata - 700 071, India Phone : (00 91 33) 71006300, Fax : (00 91 33) 71006400 CIN:L31400WB1986PLC091621 Email:contact@ushamartin.co.in Website:www.ushamartin .com

Date: 4th May 2022

The Secretary National Stock Exchange of India Ltd Exchange Plaza, 5th Floor, Plot No.C/1, G Block, Bandra Kurla Complex, Bandra (E) Mumbai - 400 051 [Scrip Code: USHAMAR7]

The Secretary BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street Mumbai - 400 001 [Scrip Code: 517146]

Societe de la Bourse de Luxembourg 35A Bouleverd Joseph II L-1840, Luxembourg [Scrip Code: US9173002042]

Dear Sirs,

Sub : Investor Presentation

Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended), please find enclosed investor presentation of the Company on the Audited Financial Results of the Company for the quarter and year ended 31 st March 2022.

The presentation is also being hosted on the website of the Company i.e. www.ushamartin.com .

You are requested to take the same on record.

Yours sincerely, For Usha Martin Limited

Shampa Ghosh Ray Company Secretary

Encl: as above

STEEL WIRE ROPE | WIRE & STRAND | LRPC | PRE-STRESSING ACCESSORIES & SERVICES | ALLIED MACHINERY | TELECOM CABLE |

Results Presentation

Quarter and year ended March 31, 2022

Contents

1

2

3

4

Key Highlights

Operating Performance

Financial Performance

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 those directly or indirectly expressed, inferred or implied. Important factors that could make a difference to the Company’s operations include, among others, economic conditions affecting demand/supply and price conditions in the domestic and overseas markets in which the Company operates, changes in or due to the environment, Government regulations, laws, statutes, judicial pronouncements and/or other incidental factors

Q4FY22 Earnings Presentation

2

1

Key Highlights

Q4FY22 Earnings Presentation

3

Key Highlights

Maintained strong profitability, increased volume and met customer commitments despite unprecedented challenge due to supply chain disruptions, non availability of containers and high freight cost

Price stoked recovery this fiscal, volume the driver for next

Health and safety of employees and partners remains key focus area for the company – ~100% employees across locations fully vaccinated

Plants continue operating normally but COVID-19 protocols in place

Q4FY22 Earnings Presentation

4

Strong growth in revenue and profitability YoY

Volumes (in ‘000 tons)

Production

Delivery

Revenue

d e t a d

i l

o s n o C

175

174

192

189

FY21

FY22

2,097

FY21

2,688

FY22

Volumes (in ‘000 tons)

Production

Delivery

Revenue

142

144

156

156

FY21

FY22

1,346

FY21

1,810

FY22

l

e n o a d n a t S

EBITDA & EBITDA Margin (%)

16%

15%

308

FY21

419

FY22

EBITDA & EBITDA Margin (%)

16%

15%

201

FY21

285

FY22

18%

16%

14%

12%

10%

8%

6%

4%

2%

0%

16%

14%

12%

10%

8%

6%

4%

2%

0%

450

400

350

300

250

200

150

100

50

0

300

250

200

150

100

50

0

Figures in INR Crs

PAT

152

FY21

291

FY22

PAT

101

FY21

211

FY22

Q4FY22 Earnings Presentation

5

EBITDA includes profit/(loss) from discontinued business in FY21

Strong growth in revenue and profitability fourth quarter YoY

Volumes (in ‘000 tons)

Production

Delivery

Revenue

d e t a d

i l

o s n o C

54

53

50

51

Q4 FY21

Q4 FY22

Volumes (in ‘000 tons)

Production

Delivery

l

e n o a d n a t S

Q4 FY21

Q4 FY22

Q4 FY21

Q4 FY22

653

767

Revenue

EBITDA & EBITDA Margin (%)

17%

15%

109

113

120

100

80

60

40

20

0

EBITDA & EBITDA Margin (%)

16%

15%

70

78

90

80

70

60

50

40

30

20

10

0

Figures in INR Crs

PAT

16%

14%

12%

10%

8%

6%

4%

2%

0%

16%

14%

12%

10%

8%

6%

4%

2%

0%

68

109

Q4 FY21

Q4 FY22

PAT

46

93

43

44

42

44

441

515

Q4 FY21

Q4 FY22

Q4 FY21

Q4 FY22

Q4 FY21

Q4 FY22

Q4 FY21

Q4 FY22

Q4FY22 Earnings Presentation

6

EBITDA includes profit/(loss) from discontinued business in FY21

2

Operating Performance

Q4FY22 Earnings Presentation

7

Consolidated delivery volumes increased by 9% YoY

Production

Delivery

Figures in ‘000 tons Figures in ‘000 tons

175

192

174

189

80

FY'21

46

FY'21

49

FY'21

89

FY'22

38

FY'22

65

FY'22

R o p e

W I R E

&

S T R A N D

L R P C

79

FY'21

46

FY'21

49

FY'21

85

FY'22

39

FY'22

65

FY'22

Q4FY22 Earnings Presentation

Deliveries are excluding Intra-Group deliveries

8

Standalone delivery volumes increased by 8% YoY

Production

Delivery

Figures in ‘000 tons Figures in ‘000 tons

142

156

144

156

56

FY'21

37

FY'21

49

FY'21

62

FY'22

29

FY'22

65

FY'22

R o p e

W I R E

&

S T R A N D

L R P C

58

FY'21

37

FY'21

49

FY'21

62

FY'22

29

FY'22

65

FY'22

Q4FY22 Earnings Presentation

9

3

Financial Performance

Q4FY22 Earnings Presentation

10

PBT increased 85% YoY consolidated and 100% YoY standalone primarily driven by better realization, improved product mix and managing the spread on steel input cost

Figures in INR Crs

d e t a d

i l

o s n o C

l

e n o a d n a t S

Q4FY22 Earnings Presentation

11

PBT includes profit/(loss) from discontinued business in FY21

Balance sheet significantly de-risked through sharp deleveraging

Figures in INR Crs

Gross Debt

Consolidated

Standalone

Net Debt

Consolidated

Standalone

461

267

Mar-21

355

151

Mar-22

342

258

Mar-21

191

52

Mar-22

Gross Debt/Equity (x)

Consolidated

Standalone

Net Debt/Equity (x)

Interest Coverage (x)

Consolidated

Standalone

Consolidated

Standalone

0.3

0.4

Mar-21

0.2

0.2

Mar-22

0.2

0.4

Mar-21

0.1

0.1

Mar-22

Q4FY22 Earnings Presentation

4.2

3.8

FY-21

8.2

8.1

FY-22

12

Working capital position maintained despite rising input cost

Figures in INR Crs

Current Ratio (x)

Consolidated

Standalone

Net Working Capital

Consolidated

Standalone

1.7

1.4

Mar-21

2.2

2.1

Mar-22

792

302

1,039

453

Mar-21

Mar-22

Net Working Capital Turnover (LTM x)

Consolidated

Standalone

2.8

5.1

Mar-21

2.9

4.8

Mar-22

Q4FY22 Earnings Presentation

13

Generated Free Cash Flow of Rs. 214 Crores at consolidated level for FY22

Free Cash Flow : ₹ 214 Crores ( FY’21 : ₹ 179 Crores )

Figures in INR Crs

d e t a d

i l

o s n o C

Free Cash Flow : ₹ 254 Crores ( FY’21 : ₹ 100 Crores )

l

e n o a d n a t S

Q4FY22 Earnings Presentation

14

4

Annexures

Q4FY22 Earnings Presentation

15

Profit and Loss Statement Summary - Consolidated

Figures in INR Crs

Q4FY22

Q4FY21

Y-o-Y Change

Q3FY22 Q-o-Q Change

FY22

FY21

Y-o-Y Change

Revenue from Operations

EBITDA

EBITDA Margin (%)

Depreciation

Finance Costs

PBT

PBT Margin (%)

Exceptional income

PBT after exceptional income

Current/Deferred Tax

Share of profit /(loss) of joint ventures

Profit After Tax

Basic EPS (in INR)

766.6

112.9

14.7%

17.3

7.2

88.4

11.5%

31.2

119.6

13.8

3.0

108.7

3.57*

652.9

108.8

16.7%

16.8

13.6

78.4

17.4%

3.8%

-193bps

2.9%

-46.8%

12.7%

712.2

109.3

15.3%

17.4

11.3

80.5

12.0%

-48bps

11.3%

-

78.4

13.3

2.8

67.9

-

52.5%

3.7%

6.1%

60.2%

-

80.5

16.1

2.7

67.1

2.23*

60.1%

2.20*

7.6%

3.3%

-62bps

-0.9%

-36.3%

9.8%

22bps

-

48.5%

-14.4%

9.7%

62.1%

62.3%

2,688.1

2,097.3

418.9

15.6%

69.8

42.5

306.7

11.4%

31.2

337.9

54.9

8.4

291.4

9.56

308.1

14.7%

67.9

56.9

183.4

8.7%

-

183.4

36.4

4.6

151.5

4.91

28.2%

36.0%

89bps

2.8%

-25.4%

67.3%

267bps

-

84.3%

50.5%

83.0%

92.4%

94.7%

Q4FY22 Earnings Presentation

16

EBITDA includes profit/(loss) from discontinued business in FY21 *EPS is not annualized

Profit and Loss Statement Summary - Standalone

Figures in INR Crs

Q4FY22

Q4FY21

Y-o-Y Change

Q3FY22

Q-o-Q Change

FY22

FY21

Y-o-Y Change

Revenue from Operations

EBITDA

514.7

78.2

440.5

70.4

16.8%

11.0%

471.5

72.5

EBITDA Margin (%)

15.2%

16.0%

-80bps

15.4%

Depreciation

Finance Costs

PBT

7.7

4.9

65.5

7.5

10.9

52.0

2.4%

-54.6%

26.0%

7.9

8.1

56.6

PBT Margin (%)

12.7%

11.8%

92bps

12.0%

Exceptional income

PBT after exceptional income

Current/Deferred Tax

Profit After Tax

31.2

96.7

4.0

92.7

-

52.0

5.9

46.1

-

85.9%

-33.0%

101.1%

-

56.6

14.6

42.0

9.2%

7.8%

-20bps

-1.9%

-38.8%

15.8%

72bps

-

1,810.1

1,345.6

284.8

15.7%

31.4

31.2

222.3

12.3%

31.2

201.1

14.9%

30.6

44.5

125.9

9.4%

-

34.5%

41.6%

79bps

2.5%

-30.0%

76.5%

292bps

-

70.8%

253.4

125.9

101.3%

-72.9%

42.1

25.4

65.9%

120.8%

211.3

100.5

110.2%

Basic EPS (in INR)

3.05*

1.51*

101.3%

1.38*

120.3%

6.94

3.3

110.3%

Q4FY22 Earnings Presentation

17

EBITDA includes profit/(loss) from discontinued business in FY21 *EPS is not annualized

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