MANINDS

January 24, 2024 To, To, BSE Limited National Stock Exchange of India Ltd 1st Floor, New Trading Ring, Exchange Plaza, 5th Floor, Rotunda Building, Plot No. C/1, G Block, Phiroze Jeejeebhoy Towers, Bandra-Kurla Complex, Dalal Street, Mumbai. Bandra (E), Mumbai 400 051. Scrip Code - 513269 Scrip ID – MANINDS Sub : Announcement under Regulation 30 SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Re : Earning Presentation for Q3-FY23-24. Dear Sir/Madam, Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith the Earning Presentation of the Company for the quarter ended December 31, 2023. This is for your kind information and record. Thanking you, Yours faithfully, For Man Industries (India) Limited Rahul Rawat Company Secretary Encl: As above 2 Snapshot Among leading manufacturer of 3 state of art manufacturing large diameter pipes with 3 facilitywith 6 productionlines 1.15 Million+ MTPA Decades of presence in Pipe Strategically located units to cater Totalinstalledcapacity Industry exportmarket API grade LSAW,HSAW,ERW, Coating 35+ Years rich history of distributing 17,000+ KM products used across O&G and dividendto stakeholders pipessuppliedsinceinception watersector,Hydro-Carbon&CGD Sector Strong Global Marketing with Approved Vendor critical and complex projects Less leveraged for domestic & international oil & executedWorldwide gasmajors. EARNINGSPRESENTATION 3 Company Overview Operational Revenue (INRMn) & • Man Industries (India) Ltd. (MAN), was incorporated in 1988 and is the flagship company EBITDAMargins(%) of the Man Group promoted by the Mansukhani family and is listed on National Stock Exchange (NSE) & Bombay Stock Exchange (BSE). 23,315 22,313 • Today, the company is one of the largest manufacturer and exporter of large diameter 21,386 20,802 carbon steel line pipes (LSAW, HSAW and ERW) which are used for various high pressure 9.46% 9.86% 8.44% transmission applications for oil & gas industry, petrochemicals, water, dredging & 9.24% 6.15% fertilizers, hydro-carbon and CGD Sector. 10.56% 5.63% • The company has three state-of-the-art manufacturing facilities with 2 facility located in FY21 FY22 FY23 9M-FY24 Anjar, Gujarat having 2 LSAW line Pipe units & 2 HSAW Line Pipe units, 1 ERW unit and also for various types of Anti-Corrosion Coating Systems and 1 facility in Pithampur, Consolidated Segmental Revenue-FY23 (%) Madhya Pradesh, having a total installed capacity of over 1.15 Mn+ MTPA. • The company has a strong global reach and has supplied to marquee domestic and international clients such as GAIL, IOCL, HPCL, BPCL, ONGC, Reliance, Adani, SHELL, HSAW Kinder Morgan, Kuwait Oil Company, Hyundai Engineering & Construction Ltd., and many 50% more. LSAW • MAN is also undertaking capex to further widen its product offerings by entering 40% manufacturing of Stainless Steel pipes. Coating 10% EARNINGSPRESENTATION 4 Marquee Clientele across Globe Domestic Clients International Clients EARNINGSPRESENTATION 5 Manufacturing Prowess • ManIndustries (India)Ltd.has threeplants: twoplantin Anjar,KutchDistrictof Gujarat andotherin Pithampur,MadhyaPradesh spreadover a total of180 acres. • Thecombined manufacturing capacity of all plantsis 1.15Mn TPAof LSAW,HSAW and ERWPipes with strongcontrol quality. • The state-of-the-art facilities are ISO 9001:2015, ISO 14001:2015 & ISO 45001:2018 Certified and equipped with well-crafted manufacturing process leading to high quality production and ability to match diverse customer specifications with multiple stages of stringent selection and approval procedures certified by various customersonqualityassurance. Anjar Plant, Gujarat Pithampur Plant, M.P • Easyand fast access to Kandla& Mudraporttocater to globalmarket • Closeto national highway,thussaving logisticcost • Closeproximity to rail andnational highway • Strategicallylocated to cater to domestic market EARNINGSPRESENTATION 6 Enhancing the Product Mix CurrentCapacity ProjectedCapacity o Working towards optimum utilization of current capacity, o Furtherdiversification intoSeamless Stainless SteelPipe to Identification of area of improvement in current setup and servetheChemical,Oil& Gas,Fertilizers industry. upgrade the existing setup by undertaking capex to further o The expansion is to be installed at existing facility at Anjar, streamlineproduction. Gujarat. o Debottlenecking to enhance production and improve margins and focus will be on higher ticket size projects for better utilizationandreducedwastage. Projected Current Capacity Capacity HSAW 20,000 1,25,000 LSAW 1,25,000 StainlessSteel 5,00,000 5,00,000 ERW 5,00,000 5,00,000 Location - Anjar,Gujarat andPithampur, MP 2020-21 2023-24 EARNINGSPRESENTATION Company Snapshot 7 Well poised to capture increasing industry opportunities ERW 6” to 18” Diameter size (API Project Cost 1,25,000MTPA Started Commercial Production in Grade) Approx.INR170Cr 4QFY24 Stainless Steel (SeamlessPipe) 20,000 0.5” to 5” Diameter size (API Project Cost Expected to be completed MTPA Grade) Approx.INR550Cr byQ3/Q4 FY25 SteelBends&Connectors 5,000-6,000bends Approx. Commissioned 18”to48”Nominalbore P.A INR75Cr Q2-FY24 EARNINGSPRESENTATION 8 Financial Highlights EARNINGSPRESENTATION 9 Q3/9M-FY24 Key Financial Highlights Q3-FY24 Consolidated Financial Performance 9M-FY24 Consolidated Financial Performance INR 8,474 Mn INR 791 Mn INR 23,692 Mn INR 2,205 Mn Total Income EBITDA Total Income EBITDA 9.49 % INR 306 Mn 9.46 % INR 810 Mn EBITDA Margin Net Profit EBITDA Margin Net Profit 3.67 % 4.89 3.47 % INR 17.87 PAT Margin Diluted EPS PAT Margin Diluted EPS EARNINGSPRESENTATION 10 Q3-FY24 Operational Highlights • MAN Industries (India) Ltd. reported a Standalone Total Revenue of Rs. 8,302 Mn in Q3FY24. EBITDA and PAT for 3QFY24 stood at Rs. 852 Mn and Rs. 371 Mn respectively. • The current unexecuted order book is approximately Rs. 13,000 Mn, to be executed within the next 6 months. • The company enjoys a robust financial position with a debt/equity ratio of -0.1x and a Net Cash position. • The ERW mill has commenced commercial production and sales in 4QFY24. • Man Industries recently set a benchmark in the industry for successful testing of hydrogen transportation pipe and validated by one of the prestigious international testing agencies. This puts us in the position to take the first mover advantage and secure significant order book in the future. • Additional order of Rs. 4,000 Mn announced recently, to be concluded in the next 6 months. • The board has decided to raise funds up to Rs. 2500 Mn to support strategic initiatives and expansion plans, subject to regulatory approvals. EARNINGSPRESENTATION 11 Quarterly Consolidated Financial Performance Particulars(INRMn) Q3-FY24 Q3-FY23 Y-o-Y Q2-FY24 Q-o-Q RevenuefromOperations 8,330 6,581 26.6% 10,180 (18.2)% Other Operational Income* 144 137 4.7% 190 (24.5)% Total Operational Income 8,474 6,718 26.1% 10,370 (18.3)% Totalexpenses 7,683 5,993 28.2% 9,483 (19.0)% EBITDA 791 725 9.1% 887 (10.9)% EBITDAMargins(%) 9.49% 11.02% (153)Bps 8.55% 94 Bps Depreciationandamortization 155 111 67.9% 149 36.4% Financecosts 203 121 39.9% 219 (29.1)% OtherIncome - - NA 22 NA PBT 432 493 (12.3)% 541 (16.7)% Tax 126 121 4.3% 151 (16.4)% PAT 306 372 (17.7)% 390 (21.5)% PATMargins(%) 3.67% 5.65% (198)Bps 3.76% (9)Bps OtherComprehensiveIncome 4 13 (70.8)% 11 (65.5)% TotalComprehensiveIncome 310 385 (19.5)% 401 (22.7)% DilutedEPS 4.89 6.20 (21.1)% 6.68 (26.8)% * Foreign Exchange Gain/Loss from business operations EARNINGSPRESENTATION 12 9M-FY24 Consolidated Financial Performance Particulars(INRMn) 9M-FY24 9M-FY23 Y-o-Y RevenuefromOperations 23,315 16,337 42.7% Other Operational Income* 377 281 34.2% Total Income 23,692 16,618 42.6% Totalexpenses 21,487 15,373 39.8% EBITDA 1,245 77.1% 2,205 EBITDAMargins(%) 7.62% 9.46% 184 Bps Depreciationandamortization 456 340 34.2% Financecosts 630 305 106.7% OtherIncome - - NA PBT 600 86.4% 1,119 Tax 309 180 71.4% PAT 420 92.9% 810 PATMargins(%) 2.57% 3.47% 90 Bps OtherComprehensiveIncome 11 52 107.7% TotalComprehensiveIncome 472 73.9% 821 DilutedEPS 17.87 6.99 155.7% * Foreign Exchange Gain/Loss from business operations EARNINGSPRESENTATION 13 Historical Consolidated Financial Performance RReevveennuuee (I NfrRo Mmn O) &p Gerroastsio Mnasr g(iInNs R(% M) n) EBIRTeDveAn u(IeN (IRN RM Mnn)) & & GEBroIsTsD MAa rMginasr (g%in)s (%) RePvAeTn u(IeN (IRN RM Mnn)) & & GPAroTs sM Maarrggiinnss ( %(%) ) 1,008 1,016 2,215 2,205 23,315 1,994 810 22,313 680 10.56% 21,386 9.24% 1,249 20,802 5.63% 9.46% 4.81% 4.71% 3.47% 3.06% FY21 FY22 FY23 9M-FY24 FY21 FY22 FY23 9M-FY24 FY21 FY22 FY23 9M-FY24 Leverage Ratio (x) Book Value Per Share (INR/Share) 167 159 146 131 0.3 0.3 0.3 0.2 0.1 FY20 FY21 FY22 FY23 H1-FY24 FY20 FY21 FY22 FY23 EARNINGS PRESENTATION 16 Capital Market Data 1 YearStock Performance (upto31st December, 2023) 280% 230% 180% 130% 80% 30% -20% Jan-23 Feb-23 Mar-23 Apr-23 May-23 Jun-23 Jul-23 Aug-23 Sep-23 Oct-23 Nov-23 Dec-23 Man Industries Sensex MarketData (Ason 31st December, 2023) Shareholding Pattern(As on31st December, 2023) Shareholder % Shareholding Public FPI 47.60% FaceValue 5.0 2.14% CMP 285.2 Insurance 52WeekH/L 289.15 / 77.2 Companies 0.04% MarketCapitalization(Mn) 17,141.39 Promoter SharesO/S(Mn) 60.10 49.62% EARNINGSPRESENTATION 17 Disclaimer ManIndustriesLtd.Disclaimer: No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation.Suchinformationandopinionsareinalleventsnotcurrentafterthedateofthispresentation.Certainstatementsmadeinthispresentationmaynotbebasedonhistoricalinformationorfacts andmayforward-lookingstatements"basedonthecurrentlyheldbeliefsandassumptionsofthemanagementofMANIndustriesLtd.(MAN),whichareexpressedingoodfaithandintheiropinionreasonable, including thoserelatingto theCompany’sgeneralbusinessplansandstrategy,itsfuturefinancialconditionand growthprospectsandfuturedevelopmentsin its industryandits competitiveandregulatory environment. Forward-looking statements involve known and unknown risks, uncertainties, and other factors, which may cause the actual results, financial condition, performance or achievements of the Company or industryresultsto differmateriallyfromtheresults, financialcondition,performance, orachievementsexpressedorimpliedbysuchforward-lookingstatements, includingfuturechangesordevelopmentsin theCompany’sbusiness,itscompetitiveenvironmentandpolitical,economic,legalandsocialconditions.Further,pastperformanceisnotnecessarilyindicativeoffutureresults.Giventheserisks,uncertainties, and other factors, viewers of this presentation are cautioned not to place undue reliance on these forward-looking statements. The Company disclaims any obligation to update these forward-looking statementstoreflectfutureeventsordevelopments. Thispresentationisforgeneralinformationpurposesonly,withoutregardtoanyspecificobjectives,financialsituationsorinformationalneedsofanyparticularperson.Thispresentationdoesnotconstitutean offerorinvitationtopurchaseorsubscribeforanysecuritiesinanyjurisdiction,includingtheUnitedStates.Nopartofitshouldformthebasisoforberelieduponinconnectionwithanyinvestmentdecisionor any contract or commitment to purchase or subscribe for any securities. None of our securities may be offered or sold in the United States, without registration under the U.S. Securities Act of 1933, as amended,orpursuanttoanexemptionfromregistrationtherefrom. Thispresentationisconfidentialandmaynot becopiedordisseminated,inwholeorinpart,andinanymanner. ValoremAdvisorsDisclaimer: ValoremAdvisorsisanIndependentInvestorRelationsManagementServicecompany.ThisPresentationhasbeenpreparedbyValoremAdvisorsbasedoninformationanddatawhichtheCompanyconsiders reliable, but Valorem Advisors and the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and reasonablenessofthecontentsofthisPresentation.ThisPresentationmaynotbeall-inclusiveandmaynotcontainalloftheinformationthatyoumayconsidermaterial.Anyliabilityinrespectofthecontents of,oranyomissionfrom,thisPresentationisexpresslyexcluded.ValoremAdvisorsalsoherebycertifiesthatthedirectorsoremployeesofValoremAdvisorsdonotownanystockin thepersonalorcompany capacityoftheCompanyunderreview. Forfurtherinformationplease contact ourInvestor RelationsRepresentatives: ValoremAdvisors Mr.AnujSonpal, CEO Tel:+91-22-49039500 Email: man@valoremadvisors.com EARNINGSPRESENTATION