Usha Martin Limited has informed the Exchange about Investor presentation of the Company on the Un-audited Financial Results of the Company for the quarter ended 30th June 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 : 9th August 2022
The Secretary National Stock Exchange of India Ltd Exchange Plaza, 5th Floor, Plot No.C/1, G Block, Sandra Kurla Complex, Bandra (E) Mumbai -400 051 [Scrip Code: USHAMARTj
The Secretary BSE Limited Phiroze Jeejeebhoy Towe rs, 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 Un-audited Financial Results of the Company for the quarter ended 30th June 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
S~y Company Secretary
t
Encl: as above
STEEL WIRE ROPE | WIRE & STRAND | LRPC | PRE-STRESSING ACCESSORIES & SERVICES | ALLIED MACHINERY | TELECOM CABLE |
Results Presentation Quarter ended June 30, 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
1QFY23 Results Presentation
2
1
Key Highlights
1QFY23 Results Presentation
3
Key Highlights
Maintained strong profitability through margin expansion and met customer commitments despite continuing volatility in input costs Strong growth in revenue and profitability across all international subsidiaries
Focused capex program underway to increase capacity and capability across product segments
India Ratings revises company’s Outlook to Positive from Stable, while affirming Long-Term Issuer Rating at ‘IND A’
Health and safety of employees and partners remains key focus area for the company – ~100% employees across locations fully vaccinated
Anchor Mooring Ropes delivered to one of the largest rigs in the world located in China
Plants continue operating normally but COVID-19 protocols in place
Suspension Cables and sockets delivered to one of the longest adventure bridges in the world located in Italy
1QFY23 Results Presentation
4
Strong growth in YoY revenue - Consolidated EBITDA growth both YoY & QoQ
Volumes (in ‘000 tons)
Production
Delivery
Revenue
EBITDA & EBITDA Margin (%)
16%
15%
16%
47
45
51
53
48
47
615
767
759
98
113
124
Figures in INR Crs
PAT & PAT Margin (%)
11%
11%
85
82
9%
58
16%
14%
12%
10%
8%
6%
4%
2%
0%
1QFY22
4QFY22
1QFY23
1QFY22
4QFY22
1QFY23
1QFY22
4QFY22
1QFY23
1QFY22
4QFY22*
1QFY23
d e t a d
i l
o s n o C
Volumes (in ‘000 tons)
Production
Delivery
Revenue
EBITDA & EBITDA Margin (%)
16%
15%
16%
39
36
42
44
40
40
403
515
516
64
78
82
l
e n o a d n a t S
PAT & PAT Margin (%)
18%
16%
14%
12%
10%
8%
6%
4%
2%
0%
9%
35
13%
69
10%
54
1QFY22
4QFY22
1QFY23
1QFY22
4QFY22
1QFY23
1QFY22
4QFY22
1QFY23
1QFY22
4QFY22*
1QFY23
1QFY23 Results Presentation
*Excluding tax adjusted exceptional income
5
2
Operating Performance
1QFY23 Results Presentation
6
Figures in ‘000 tons
Standalone Subsidiaries
Consolidated delivery volumes increased 4% YoY, demand subdued QoQ
Production
Delivery
47
22
8
14
51
22
7
15
48
23
8
15
R o p e
45
20
13
7
53
23
13
10
47
21
13
8
1QFY22
4QFY22
1QFY23
1QFY22
4QFY22
1QFY23
8
3
5
11
4
7
9
3
6
1QFY22
4QFY22
1QFY23
17
18
16
W I R E
&
S T R A N D
L R P C
10
4
6
11
4
7
9
3
6
1QFY22
4QFY22
1QFY23
15
15
19 1
18
17
17
1QFY22
4QFY22
1QFY23
1QFY22
4QFY22
1QFY23
1QFY23 Results Presentation
Deliveries are excluding Intra-Group deliveries
7
Standalone delivery volumes increased 11% YoY, demand subdued QoQ
Production
42
16
40
17
39
15
1QFY22
7
4QFY22
8
1QFY23
7
1QFY22
4QFY22
1QFY23
17
18
16
Figures in ‘000 tons
Domestic Export
36
14
7
7
Delivery
44
17
8
9
40
16
9
7
1QFY22
4QFY22
1QFY23
7
1
6
8
1
7
7 1
6
1QFY22
4QFY22
1QFY23
15
15
19 1
18
17 1
16
R o p e
W I R E
&
S T R A N D
L R P C
1QFY22
4QFY22
1QFY23
1QFY22
4QFY22
1QFY23
1QFY23 Results Presentation
8
3
Financial Performance
1QFY23 Results Presentation
9
PBT YoY increased 47% consolidated and 51% standalone driven by higher realization across product categories and improved product mix
Figures in INR Crs
133
-67
70
5
-38
103
d e t a d
i l
o s n o C
1QFY22 PBT
Sales Price/Mix
Sales Volume & Consumption
Finance costs
Others
1QFY23 PBT
89
-51
l
e n o a d n a t S
47
5
-19
71
1QFY22 PBT
Sales Price/Mix
Sales Volume & Consumption
Finance costs
Others
1QFY23 PBT
1QFY23 Results Presentation
10
PBT QoQ increased 13% consolidated and 8% standalone driven by higher realization across product categories and improved product mix
93
-71
Figures in INR Crs
d e t a d
i l
o s n o C
91
-10
103
4QFY22 PBT
Sales Price/Mix
Sales Volume & Consumption
Others
1QFY23 PBT
l
e n o a d n a t S
1QFY23 Results Presentation
11
4QFY22 PBT does not include exceptional income of Rs. 31 Cr
66 71 53 -46 1 -3 4QFY22 PBTSales Price/MixSales Volume &ConsumptionFinance costsOthers1QFY23 PBT Profitability indicators remain strong
Consolidated Standalone
EBITDA/MT (in ₹ ‘000)^
Interest Coverage (x)
Fixed Asset Turnover Ratio (x)
21.0
17.7
20.5
17.7
26.5
19.9
8.2
8.1
4.2
3.8
13.2
14.3
15.0
18.5
3.3
3.2
2.4
4.4
4.7
3.4
1QFY22
4QFY22
1QFY23
FY21
FY22
4QFY22
1QFY23
FY21
FY22
Jun-22 (LTM)
Return on Capital Employed
Return on Net Worth
18%
18%
13%
25%
21%
27%
26%
19%
22%
19%
15%
11%
FY21
FY22
1QFY23*
FY21
FY22
1QFY23*
^Excluding standalone dividend income and UM Cables in consolidated
*Annualized
1QFY23 Results Presentation
12
4
Annexures
1QFY23 Results Presentation
13
Profit and Loss Statement Summary - Consolidated
Figures in INR Crs
1QFY23 Results Presentation
*EPS is not annualized
14
1QFY231QFY22Y-o-Y Change4QFY22Q-o-Q ChangeRevenue from Operations 758.7 615.3 23.3% 766.6 -1.0%EBITDA 124.1 97.7 26.9% 112.9 9.9%EBITDA Margin (%)16.4%15.9%47bps14.7%162bpsDepreciation 16.5 17.5 -5.6% 17.3 -4.3%Finance Costs 7.2 11.7 -38.8% 7.2 -0.7%PBT 100.3 68.5 46.5% 88.4 13.5%PBT Margin (%)13.2%11.1%209bps11.5%170bpsExceptional income - - -31.2-PBT after exceptional income 100.3 68.5 46.5% 119.6 -16.1%Current/Deferred Tax 21.1 12.3 70.7% 13.8 52.7%Share of (profit) /loss of joint ventures -2.9 -1.9 55.8% -3.0 -0.2%Profit After Tax 82.2 58.1 41.6% 108.7 -24.4%Basic EPS (in INR) 2.69* 1.90*41.6%3.57*-24.6% Profit and Loss Statement Summary - Standalone
Figures in INR Crs
1QFY23 Results Presentation
*EPS is not annualized
15
1QFY231QFY22Y-o-Y Change4QFY22Q-o-Q ChangeRevenue from Operations 515.6 402.7 28.0% 514.7 0.2%EBITDA 82.2 64.2 28.1% 78.2 5.2%EBITDA Margin (%)15.9%15.9%0bps15.2%76bpsDepreciation 6.7 7.9 -15.3% 7.7 -13.2%Finance Costs 4.1 8.9 -54.3% 4.9 -17.4%PBT 71.4 47.4 50.7% 65.5 9.0%PBT Margin (%)13.9%11.8%209bps12.7%112bpsExceptional Income - - -31.2-PBT after exceptional income 71.4 47.4 50.7% 96.7 -26.1%Current/Deferred Tax 17.8 12.9 38.1% 4.0 348.9%Profit After Tax 53.7 34.5 55.4% 92.7 -42.1%Basic EPS (in INR) 1.76* 1.13* 55.8%3.05*-42.3% 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