1l 2l The Secretary Listing Department The Calcutta Stock Exchange - PDF document

ISO 9001 : 2008 COIIIPANY Regrstered Office . ldeal Centre, 4th Floor , I, A.J.C Bose Road, Kolkata - 700 017 T (033) 4063 2393 F (033) 2290 0383. E offi ce@maithanalloys com W www. maithanalloys.com 3gtr Janua,y ' 2079 crN : L27101wB19BspLCo395o3 1l 2l The Secretary Listing Department The Calcutta Stock Exchange Limited National Stock Exchange of India Ltd. T,Lyons Range Exchange Plaza, Bandra-Kurla Complex, Kolkata 700 001 Bandra (E), Mumbai - 400 051 Scrip code: 70023975 Scrip code: MAITHANALL-EQ Sub: Investor Presentation on Standalone Un-audited Financial Results for the quarter and nine months ended 31.t December,2O1S Dear Sir, We are enclosing herewith the Investor Presentation on the Standalone Un-audited Financial Results for the quarter and nine months ended 31't December,2078. This in{ormation is submitted to you pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. This is for your information and appropriate dissemination. Thanking you, Yours faithfully, For Maithan Alloys Limited n lG\A * tQP Rajesh K. Shah Company Secretary Encl: af a cc: T.he Corporate Relationship Department BSE Limited 1't Floor, New Trading Ring, Rotunda Building, P.J. Towers,Dalal Street, Fort, Mumbai 400 001 Script Code: 590078 Works : Unit-l . P. O. Kalyaneshwan - 713 369, Dist. Burdwan (West Bengal) Unit-ll : E.P.l.P., Bymihat, Dist. Ri-bhoi-793 101 (Meghalaya) Unit-lll : Plot No. 42 & 43, APSEZ, P.O. Atchutapuram, Dist. Visakhapatnam - 531 011 (A.P.)

MAITHAN ALLOYS LIMITED Investor Presentation – January 2019

Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Maithan Alloys Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form the basis or be relied on in connection with any contract or binding commitment what so ever. No offering of securities of the Company will be made except by means of a statutory offering document containing detailed information about the Company. This Presentation has been prepared by the Company based on information and data which the Company considers reliable, but the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and reasonableness of the contents of this Presentation. This Presentation may not be all inclusive and may not contain all of the information that you may consider material. Any liability in respect of the contents of, or any omission from, this Presentation is expressly excluded. Certain matters discussed in this Presentation may contain statements regarding the Company’s market opportunity and business prospects that are individually and collectively forward-looking statements. Such forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and assumptions that are difficult to predict. These risks and uncertainties include, but are not limited to, the performance of the Indian economy and of the economies of various international markets, the performance of the industry in India and world- wide, competition, the company’s ability to successfully implement its strategy, the Company’s future levels of growth and expansion, technological implementation, changes and advancements, changes in revenue, income or cash flows, the Company’s market preferences and its exposure to market risks, as well as other risks. The Company’s actual results, levels of activity, performance or achievements could differ materially and adversely from results expressed in or implied by this Presentation. The Company assumes no obligation to update any forward-looking information contained in this Presentation. Any forward-looking statements and projections made by third parties included in this Presentation are not adopted by the Company and the Company is not responsible for such third party statements and projections. 2

Maintaining Sustainable Margins ₹ Crs Revenues EBITDA % Demand of our product continues to be 20.1% robust Long-term sustainable EBITDA 16.6% 16.3% margin range 15%-17% 1,879 1,439 11.1% 1,342 1,151 FY16 FY17^ FY18 9MFY19 Performance Demand Supply catching up improved on the overpassed supply with demand back of efficient leading to above leading to Stable FY16 FY17 FY18 9M FYF19 normal industry cost measures and business scenario better processes growth Continue to Outperform Industry trends 3 ^ Excludes Power Subsidy of Rs. 50.7 crores Revenue are net of GST/Excise duty

Strengthening Balance Sheet ₹ Crs Financial Flexibility Total Debt Cash & Cash Equivalents 551 • Announced 384 Greenfield project in West Bengal 214 • Working on other 158 139 90 expansion plans 77 73 63 4 Mar-15 Mar-16 Mar-17 Mar-18 Sep-18 22.5% 27.5% 52.4% 69.7% 70.4% 512 525 446 421 309 251 297 361 104 65 FY15 FY16 FY17 FY18 9MFY19@ EBIT Capital Employed Higher Return Ratio is because of prudent capital allocation and superlative operating efficiency RoCE = EBIT / Average Capital Employed @On Annualised basis 4 FY15 & FY16 numbers are as per IGAAP Operating RoCE^ = (EBIT – Other Income) / (Average Capital Employed – Cash & Cash Equivalents)

Performance Highlights – 9MFY19 ₹ Crs 0% -14% -9% 1,439 1,439 273 203 185 234 9M FY18 9M FY19 9M FY18 9M FY19 9M FY18 9M FY19 Manufacturing Revenue* Manufacturing EBITDA +3% -13% 1,320 263 1,279 229 9M FY18 9M FY19 9M FY18 9M FY19 5 Financials are as on Standalone basis and as per IND-AS *Net of GST/Excise Duty

Manufacturing – vs- Trading – 9MFY19 ₹ Crs Manufacturing Revenue Trading Revenue TOTAL Revenue +3% 0% -25% 1,320 160 1,439 1,439 1,279 119 9M FY18 9M FY19 9M FY18 9M FY19 9M FY18 9M FY19 Manufacturing business is consistently growing 6 Revenue are net of GST/Excise duty Financials are as on Standalone basis and as per IND-AS

The Maithan Edge… Niche Rich Robust Largest Products Experience Balance Sheet Manufacturer Basket of the most Two decades of Net Cash India’s largest valuable Techno- experience and Credit Rating: Manganese Commercial Products continuous growth CARE AA Alloy Producer CRISIL AA- and Exporter CARE/CRISIL A1+ 7

Visible in Financial Performance “A Culture of Outperformance” CAGR from FY2012 to FY2018 Increase in Stake Holder Return’s ▪ ROCE Increased by + 3,290 bps ▪ ROE Increased by + 2,390 bps Revenue increased by +21% CAGR EBIDTA increased by +34% CAGR PAT increased by +37% CAGR Net Cash position of Rs. 575 Crores as on September 2018 8

Product Offerings Ferro alloys enhance steel strength, durability, anti-corrosion and anti-stain properties and acts as de-oxidant for Steel Manufacturing Ferro Manganese - An alloy of iron and manganese • Used in steel products wherein silicon content needs to be controlled at low levels • Used in flat steel, manganese-rich steel and stainless steel manufacturing Ferro Silicon - An alloy of iron and silicon • Silicon acts as a steel oxidant • Used primarily in special steels and in small quantities in mild steel Silicon Manganese- An alloy of silicon and manganese • Cost-effective blend of silicon and manganese • Consumed in all steel products. Used in higher quantities in 200 series stainless steel, alloy steel and manganese steel 9

Capacity addition to support Growth Capacity Built-up Production Volume (MT) - ‘000 Visakhapatnam MVA 137 225 213 36 206 Byrnihat, Meghalaya +16% CAGR 158 149 36 141 Kalyaneshwari 16 89 82 76 70 66 24 25 42 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2006 2007 2009 2012 2013 Total Increase in Capacity at Strategic Locations to support Profitable Growth 10 1MVA = ~1,650 MT

State-of-Art Manufacturing Facilities Installed Capacity of 137.25 MVA Smelters : Smelters : Smelters : • • 2 x 5.0 MVA 2 x 8.25 MVA • 4 x MVA 18.0 MVA • 1 x 6.5 MVA • 1 x 8.25 MVA • 2 x 12.0 MVA Products : Ferro Products : Ferro Silicon Products : Ferro Manganese/ Silicon Manganese/ Silicon Manganese Manganese 72.0 48.75 16.5 Raw Material : Raw Material : Raw Material : MVA Manganese Ore, MVA MVA Manganese Ore, Quartz, Coke, Coal Coke, Coal Coke, Coal Sourcing : Imports Sourcing : Imports Sourcing : Domestic 65%,Domestic 35% 90%,Domestic 10% 100% User Industry: Steel User Industry: Steel User Industry: Steel Visakhapatnam Byrnihat Kalyaneshwari (SEZ) • Kalyaneshwari and Byrnihat source Coke & Coal from Domestic Market, because it is logistically feasible • Vishakhapatam and Kalyaneshwari imports Manganese Ore. Advantage of importing are ✓ Quality Product ✓ Variety of Grades Leading to better Product Mix 11 ✓ Logistic Advantage

Self-Sustaining Business Model We have an ability to generate a Input of sized and graded Raw Material L arger Throughput from our manufacturing facilities Feed in day bins through conveyors Automated Batch preparation and Charge into Furnace Ferro Manganese Slag Reaction in furnace and Discharge of Slag discharge of molten metal Silico Manganese Slag Pouring in cast iron and cooling of ingots Land Filling Sizing, Grading and Packing Inspection and Dispatch 12