Usha Martin Limited has informed the Exchange about 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 National Stock Exchange of India Ltd Exchange Plaza, 5th Floor, Plot No.C/1, G Block, Sandra Kurla Complex, Sandra (E) Mumbai- 400 051 [Scrip Code: USHAMART]

Dear Sirs,

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]

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 unaudited Financial Results of the Company for the quarter and half year ended 30th September 2021.

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- Ray

Company Secretary

Encl : as above

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

Results Presentation

Quarter and Half-year ended September 30, 2021

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

Q2FY22 Earnings Presentation

2

1

Key Highlights

Q2FY22 Earnings Presentation

3

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 cost

Health and safety of employees and partners remains key focus area for the company – 90%+ employees in corporate office and plants fully vaccinated

Plants continue operating with strict COVID-19 protocols with contingency planning

Continued focus on value added products to generate maximum contribution

Q2FY22 Earnings Presentation

4

Strong profitability despite supply chain disruptions – Half-yearly

Volumes (in ‘000 tons)

Production

Delivery

Revenue

74

70

96

88

895

1,209

EBITDA & EBITDA Margin (%)

16%

14%

124

197

250

200

150

100

50

0

d e t a d

i l

o s n o C

H1 FY21

H1 FY22

H1 FY21

H1 FY22

H1 FY21

H1 FY22

Volumes (in ‘000 tons)

Production

Delivery

Revenue

l

e n o a d n a t S

56

58

76

72

540

824

EBITDA & EBITDA Margin (%)

15%

16%

79

134

160

140

120

100

80

60

40

20

0

Figures in INR Crs

PAT

46

116

H1 FY21

H1 FY22

PAT

30

77

17%

15%

13%

11%

9%

7%

5%

3%

1%

-1%

16%

14%

12%

10%

8%

6%

4%

2%

0%

H1 FY21

H1 FY22

H1 FY21

H1 FY22

H1 FY21

H1 FY22

H1 FY21

H1 FY22

Q2FY22 Earnings Presentation

5

EBITDA is adjusted for profit/(loss) from discontinued business

Strong profitability despite supply chain disruptions - Quarterly

Volumes (in ‘000 tons)

Production

Delivery

Revenue

d e t a d

i l

o s n o C

40

43

45

43

Q2 FY21

Q2 FY22

Volumes (in ‘000 tons)

Production

Delivery

l

e n o a d n a t S

Q2 FY21

Q2 FY22

Q2 FY21

Q2 FY22

518

594

Revenue

EBITDA & EBITDA Margin (%)

17%

15%

78

99

120

100

80

60

40

20

0

EBITDA & EBITDA Margin (%)

17%

16%

49

70

80

70

60

50

40

30

20

10

0

Figures in INR Crs

PAT

38

58

Q2 FY21

Q2 FY22

PAT

22

42

17%

17%

16%

16%

15%

15%

14%

18%

16%

14%

12%

10%

8%

6%

4%

2%

0%

33

35

37

36

312

421

Q2 FY21

Q2 FY22

Q2 FY21

Q2 FY22

Q2 FY21

Q2 FY22

Q2 FY21

Q2 FY22

Q2FY22 Earnings Presentation

6

EBITDA is adjusted for profit/(loss) from discontinued business

2

Operating Performance

Q2FY22 Earnings Presentation

7

Half-yearly Volumes – Consolidated

Production

Delivery

Figures in ‘000 tons Figures in ‘000 tons

46

H1 FY'22

19

H1 FY'22

31

H1 FY'22

38

H1 FY'21

18

H1 FY'21

18

H1 FY'21

R o p e

W I R E

&

S T R A N D

L R P C

40

H1 FY'22

20

H1 FY'22

28

H1 FY'22

36

H1 FY'21

17

H1 FY'21

17

H1 FY'21

Q2FY22 Earnings Presentation

8

Deliveries are excluding Inter-Company deliveries

Half-yearly Volumes – Standalone

Production

Delivery

Figures in ‘000 tons Figures in ‘000 tons

31

H1 FY'22

14

H1 FY'22

31

H1 FY'22

25

H1 FY'21

13

H1 FY'21

18

H1 FY'21

R o p e

W I R E

&

S T R A N D

L R P C

30

H1 FY'22

14

H1 FY'22

28

H1 FY'22

27

H1 FY'21

14

H1 FY'21

17

H1 FY'21

Q2FY22 Earnings Presentation

9

Quarterly Volumes – Consolidated

Production

Delivery

Figures in ‘000 tons Figures in ‘000 tons

22

24

20

Q-2 FY'22

Q-1 FY'22

Q-2 FY'21

9

10

11

Q-2 FY'22

Q-1 FY'22

Q-2 FY'21

14

17

9

R o p e

W I R E

&

S T R A N D

L R P C

20

20

22

Q-2 FY'22

Q-1 FY'22

Q-2 FY'21

10

10

11

Q-2 FY'22

Q-1 FY'22

Q-2 FY'21

13

15

10

Q-2 FY'22

Q-1 FY'22

Q-2 FY'21

Q-2 FY'22

Q-1 FY'22

Q-2 FY'21

Q2FY22 Earnings Presentation

10

Deliveries are excluding Inter-Company deliveries

Quarterly Volumes – Standalone

Production

Delivery

Figures in ‘000 tons

16

15

15

Q-2 FY'22

Q-1 FY'22

Q-2 FY'21

7

7

9

Q-2 FY'22

Q-1 FY'22

Q-2 FY'21

14

17

9

Q-2 FY'22

Q-1 FY'22

Q-2 FY'21

R o p e

W I R E

&

S T R A N D

L R P C

16

14

15

Q-2 FY'22

Q-1 FY'22

Q-2 FY'21

7

7

10

Q-2 FY'22

Q-1 FY'22

Q-2 FY'21

13

15

10

Q-2 FY'22

Q-1 FY'22

Q-2 FY'21

Q2FY22 Earnings Presentation

11

3

Financial Performance

Q2FY22 Earnings Presentation

12

PBT Bridge – Half-yearly Y-o-Y

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

Q2FY22 Earnings Presentation

13

PBT is adjusted for profit/(loss) from discontinued business

PBT Bridge – Q-o-Q

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

Q2FY22 Earnings Presentation

14

Deleveraging continues Gross Debt

Consolidated

Standalone

Net Debt

Consolidated

Standalone

Figures in INR Crs

461

267

Mar-21

388

202

Sep-21

342

258

Mar-21

244

176

Sep-21

Gross Debt/Equity (x)

Consolidated

Standalone

Net Debt/Equity (x)

Interest Coverage (x)

Consolidated

Standalone

Consolidated

Standalone

0.3

0.4

Mar-21

0.3

0.3

Sep-21

0.2

0.4

Mar-21

0.2

0.2

Sep-21

Q2FY22 Earnings Presentation

4.2

3.8

FY-21

6.8

6.5

H1 FY-22

15

Working capital position remains robust

Figures in INR Crs

Current Ratio (x)

Consolidated

Standalone

Net Working Capital

Consolidated

Standalone

1.7

1.4

Mar-21

1.9

1.7

Sep-21

792

302

Mar-21

880

362

Sep-21

Net Working Capital Turnover (LTM x)

Consolidated

Standalone

2.8

5.1

Mar-21

3.0

5.1

Sep-21

Q2FY22 Earnings Presentation

16

Strong Cashflows for H1 FY’22

Free Cash Flow : ₹ 133 Crores ( H-1 FY’21 : ₹ 92 Crores )

Figures in INR Crs

d e t a d

i l

o s n o C

Free Cash Flow : ₹ 109 Crores ( H-1 FY’21 : ₹ 50 Crores )

l

e n o a d n a t S

Q2FY22 Earnings Presentation

17

4

Annexures

Q2FY22 Earnings Presentation

18

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

EBITDA

EBITDA Margin (%)

Depreciation

Finance Costs

PBT

PBT Margin (%)

Current/Deferred Tax

Share of profit /(loss) of joint ventures

Profit After Tax

Basic EPS (in INR)

594.1

99.0

16.7%

17.5

12.2

69.3

11.7%

12.6

0.9

57.6

1.89

518.4

78.2

15.1%

17.1

14.7

46.4

9.0%

8.6

-0.3

37.5

1.19

14.6%

26.6%

615.3

97.7

160bps

15.9%

2.4%

-16.8%

49.3%

17.5

11.7

68.5

270bps

11.1%

46.8%

371.9%

53.5%

58.8%

12.3

1.9

58.1

1.90

-3.5%

1.3%

80bps

-0.1%

4.4%

1.1%

60bps

1.9%

-54.0%

-0.8%

-0.5%

1,209.4

196.7

16.3%

35.0

23.9

137.8

11.4%

24.9

2.8

115.7

3.79

894.5

123.7

13.8%

33.8

30.3

59.6

35.2%

59.0%

250bps

3.5%

-21.1%

131.4%

6.7%

470bps

13.1

-0.2

46.2

1.46

90.7%

1250%

150.1%

159.6%

Q2FY22 Earnings Presentation

19

EBITDA is adjusted for profit/(loss) from discontinued business EPS is not annualized

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

EBITDA

70.0

48.5

34.9%

44.2%

402.7

64.2

4.6%

9.0%

823.9

134.2

540.3

79.2

52.5%

69.4%

EBITDA Margin (%)

16.6%

15.5%

110bps

15.9%

70bps

16.3%

14.7%

160bps

Depreciation

Finance Costs

PBT

8.0

9.3

52.8

7.6

11.2

29.7

4.2%

-17.2%

7.9

8.9

0.9%

4.2%

15.9

18.2

77.7%

47.4

11.3%

100.1

15.2

23.3

40.8

4.6%

-21.9%

145.6%

PBT Margin (%)

12.5%

9.5%

300bps

11.8%

70bps

12.2%

7.5%

470bps

Current/Deferred Tax

Profit After Tax

Basic EPS (in INR)

10.7

42.1

1.38

7.9

21.8

0.72

36.3%

92.5%

91.7%

12.9

34.5

1.13

-16.9%

21.8%

22.1%

23.6

76.6

2.51

10.7

30.1

0.99

120.1%

154.7%

153.5%

Q2FY22 Earnings Presentation

20

EBITDA is adjusted for profit/(loss) from discontinued business 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