Tata Metaliks Limited has informed the Exchange about Investor Presentation
TML: 4352: 2022
Date: August 02, 2022
The Secretary, Listing Department BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai - 400 001. Scrip Code: 513434 Maharashtra, India.
The Manager, Listing Department National Stock Exchange of India Limited Exchange Plaza, 5th Floor, Plot No. C/1, G Block, Bandra-Kurla Complex, Bandra (E), Mumbai - 400 051. Symbol: TATAMETALI Maharashtra, India
Dear Madam, Sirs,
Sub: Submission of Presentation to be made to Analysts/Investors
Please find enclosed herewith the presentation to be made to Analysts/Investors at the 32 General Meeting of Tata Metaliks Limited scheduled to be held on August 02, 2022.
Annual
nd
This presentation is being submitted in compliance with Regulation 30(6) of the SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015.
This is for your information and records.
Tata Metaliks Limited Yours faithfully,
Avishek Ghosh
Company Secretary and Compliance Officer Encl.: as above
METALIKS LIMITED
Tata Centre 43 J. L. Nehru Road Kolkata 700 071 India Tel 91 33 6613 4200 Fax 91 33 2288 4372 e-mail: tml@tatametaliks.co.in CIN L27310WB1990PLC050000
Performance Highlights – FY’22
32nd Annual General Meeting Tuesday, 2nd August 2022
1
Safe Harbour Statement
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
2
Performance Snapshot FY’22
Turnover ₹ 2,746 Crore 43% increase Y-O-Y
EBITDA ₹ 426 Crore 7% increase Y-O-Y
PBT ₹ 339 Crore 11% increase Y-O-Y
Market Capitalization ₹ 2,436 Crore (As on 31st March 2022)
Production 5.65 LT Hot Metal 2.36 LT Finished Pipe
Net Debt/EBITDA -0.8x
3
Strategic Objectives
Vision
Mission
Values
Corporate Goal Card
Individual Goal Card
Human
Social & Relationship
Natural Manufactured
Financial
Intellectual
4
Safety & Health
Process Safety
• •
85% processes - study completed 51% recommendations implemented
Risk Management
• Risk Heat Map for all key processes developed •
PSSR for all new projects
Behavioural Safety
• Focus on Capability building through various modes including
E-Learning modules, animation films and Virtual Reality
Vacuum Loading System for safe loading and despatch of Ductile Iron Pipes
Awareness Campaigns
Assistance during the Pandemic
Health check up for employees and community
PSSR – Pre Start Up Safety Review
Installation of Robots in various activities leading to reduction in 60% hand injuries
5
Safety Results
Near Miss Trend Analysis
3,250
1,970
2,557
111
1,285
FY 18
FY 19
FY 20
FY 21
FY 22
Training Hours - Employees
48,817
15,818
16,678
34,535
24,656
FY 18
FY 19
FY 20
FY 21
FY 22
TML Scored 72 out of 100 in the SMILE Assessment
5.17
5.1
4.29
2.61
0.11
0.1
0.28
0
2.14
0.15
FY 18
FY 19
FY 20
FY 21
FY22
LTIFR
FAFR
FAFR – First Aid Injury Frequency Rate | LTIFR – Loss Time Injury Frequency Rate | SMILE – Safety Maturity Index Level
6
Cost Leadership
Focus Areas
Key initiatives
Operational excellence
Structural cost reduction
Strategic raw material sourcing
Digitization and automation
•
•
Blast
through Improved additional blowers, enhanced oxygen and Level 2 automation
productivity
furnace
Increased In-house coke production has helped us offset market coke price volatilities, in turn reducing our overall production cost.
• 14 Robots deployed to improve Safety, productivity and efficiency-1st in DI pipe industry in India; 21 more robots within FY’23
• Usage of Augmented Reality (MR) for remote assistance
Shikhar 5000
7
Cost Leadership - Results
Hot Metal Production - LT
Cast Pipe Production - LT
Melting & Casting loss in DIP %
30%
70%
44%
FY’16
FY’17
FY’18
FY’19
FY’20
FY’21
FY’22
FY’16
FY’17
FY’18
FY’19
FY’20
FY’21
FY’22
FY’16
FY’17
FY’18
FY’19
FY’20
FY’21
FY’22
Rejection %
64%
Power Cons kWh/ t DIP
Conversion Cost of DIP - Rs./t
22%
40%
FY’16
FY’17
FY’18 FY’19 FY’20 FY’21
FY’22
FY’16
FY’17
FY’18 FY’19
FY’20
FY’21
FY’22
FY’16 FY’17 FY’18
FY’19
FY’20
FY’21
FY’22
Impact of improved operational practices, use of Automation and Digitization & capability development of workforce
8
Supplier of Choice
Focus Areas
Differentiated product & service offering
Deeper Customer Engagement
Leveraging Digital
Key initiatives
•
Implemented Customer Relationship Management (CRM) platform for Channel partners that offers online time visibility of order booking facility besides real orders, payments, stocks, status of complaints, etc. ~70% orders in Pig Iron business placed using the platform in FY’22.
• Start of Technical Services monetization- launched for
PI and in progress for DI pipes
• Predictive analytics being used for pig iron price forecasting for last 3 years with benchmark accuracy
9
Supplier of Choice Results
Customer Satisfaction Index (%) - PI
PI Customer Complaints - Per LT
94
89
89
90
6
4
3
2
2
FY18
FY 19
FY 20
FY 22
FY 18
FY 19
FY 20
FY 21
FY 22
Customer Satisfaction Index (%) - DIP
DIP Customer Complaints - Per LT
83
83
81
86
19
17
14
13
12
FY 18
FY 19
FY 20
FY 22
FY 18
FY 19
FY 20
FY 21
FY 22
Market Share PI ~23% | DIP ~12%
10
Robust People Practices
Focus Areas
Key initiatives
Talent Management
Capability Development
Productivity
Organizational Engagement
• DIP-2 Recruitment
– Seamless Hiring and
Onboarding of 500+ new hires
• Sensitization drive in progress with the goal to hire
from the LBGTQ+ community
• Deployment of E-learning modules and Virtual
Reality for capability development
•
Implemented new HRMS platform “DarwinBox” for improved employee experience
• New policies like Work From Home & Self
Directed Learning
11
Robust People Practices Results
Employee Productivity / PI – THM / employee/ Year & DIP - TFP/ employee/ year
1,252
1,289
1,458
1,235
1,408
259
269
262
215
262
FY18
FY19
FY20 PI
DIP
FY21
FY 22
4.6
Training Effectiveness (On a scale of 5)
2.85%
Women in the workforce
4.08
Employee Engagement Score (On a scale of 5)
7:1
Engagement Ratio (Best Engagement ratio in India across Industries)
THM = Tonnes Hot Metal | TFP = Tonnes Finished Pipe
Reward And Recognition (Nos)
1,556
1,396
1,468
842
119
FY 18
FY 19
FY 20
FY 21
FY 22
Employee Training Hours
32,810
26,752
14,542
11,370
17,862
18,118
2016-17
2017-18
2018-19
2019-20
2020-21
2021-22
12
Responsible Corporate Citizenship
Focus Areas
Key initiatives
Environment
Social
Governance
• Managing our footprint – Solar Power unit, EVs and
Energy Efficiency initiatives
• Water sustainability project (Jal se Jeevan) - With an
aspiration of being water positive by 2025
• TML 300 school project –To enhance access and quality of school education with the goal of child labour free community
• Embedding Best Practices and going beyond compliance – Integrated Reporting - BRSR, CDP Disclosure, CAP assessment
CDP – Carbon Disclosure Project | BRSR- Business Responsibility and Sustainability Report | CAP - Climate Action Plan
13
Responsible Corporate Citizenship Results
6th Position in Employee Volunteering in the Tata Group
35,000 + Beneficiaries
Pond excavation for water harvesting
Tata Metaliks Skill Development Centre
Improved Method Of Paddy Cultivation
TML 300 School Project
Digital Literacy Classes
Solar power run drinking water system
14
Focus on Value Add / Downstream - Growth
Focus Areas
Key initiatives
Growth strategy – focus on DIP
Extend domestic footprint
• Robust demand in the DIP business expected in the next 4-5 years due to significant thrust by the Government in the water infrastructure sector through its JJM (Jal Jeevan Mission) initiative
• Commissioning of new DIP plant
(phase-1) using Augmented Reality - to double our DI Pipe capacity to 4 LTPA; it is a digital smart factory based on Industry 4.0 principles
Enhance product range
• Expand domestic footprint and enhance presence in
different global geographies
New Ductile Iron Pipe Plant
15
Innovate & Excel | Improvement Framework
Key initiatives
Shikhar Savings (Rs Cr)
• Project ARUNA - to drive EBITDA accretive data analytics
102
projects across business functions.
91
54
maintenance
71
• Deployment of Virtual/augmented reality based remote
FY 19
FY 20
FY 21
FY 22
• Data Strategy design & Implementation
• Collaboration with academic institutes & start-ups
Knowledge Management Portal
Ideation Portal
3,259
FY’22
Digital Capability Development - FY 22
No of Hits 1721
No of Ideas 935
810
Digital Training Hours Unique Employee Heads
16
Financial Results – FY’22
Turnover (Rs Cr)
Net Worth (Rs Cr)
Market Cap (Rs Cr)
1,895
2,155
2,051
1,917
2,746
767
919
359
1,525
1,300
2,577
2,436
1,879
1,643
932
FY 18
FY 19
FY 20
FY 21
FY 22
FY 18
FY 19
FY 20
FY 21
FY 22
FY 18
FY 19
FY 20
FY 21
FY 22
EBITDA Margin (%)
21
EBITDA (Rs Cr)
Net Debt (EBITDA/x)
397
426
1.6
16
15
15
15
297
313
300
FY 18
FY 19
FY 20
FY 21
FY 22
FY 18
FY 19
FY 20
FY 21
FY 22
0.3
0.04
FY 18
FY 19
FY 20
FY 21
FY 22
-0.5
-0.8
17
Awards & Accolades
Awarded “GreenCo Gold” in GreenCo Assessment by CII – Sohrabji Godrej Green Business Centre
Received “CAP Oriented Award” under the Climate Action Plan (CAP)
CII Digital Transformation Award for Robotics
TAAP Award for crossing the 550 - 600 band
4.5 stars- Rating Received in CII ENCON Award
Best in Class for Individual Es - Essential Enablers and Education pillar & TAAP Recognition for Significant Adoption
TAAP – Tata Affirmative Action Plan
18
Thank You
19