MOIL Limited — Investor Presentation 2024

Aug 23, 2024

EkkW;y fyfeVsM

( Hkkjr ljdkj dk midze ) EkkW;y Hkou , 1, dkVksy jksM , ukxiqj - 440 013 ☎ : 0712-2806100, 2806182 /216 bZ esy : compliance@moil.nic.in osclkbZV : www.moil.nic.in VsyhQsDl : 0712-2591661 lh . vk; . ,u ua . : L99999MH1962GOI012398

CS/NSE-BSE/2024-25/140

==> picture [48 x 47] intentionally omitted <==

MOIL LIMITED

(A Government of India Enterprise) MOIL Bhavan, 1A, Katol Road, Nagpur – 440 013 ☎ : 0712-2806100, 2806182 /216 E-Mail : compliance@moil.nic.in Website: www.moil.nic.in Telefax: 0712-2591661 CIN No: L99999MH1962GOI012398

Date: 23.08.2024

To, The GM (Listing), National Stock Exchange of India Ltd, Exchange Plaza, Plot No.C-1, G Block, Bandra Kurla Complex, Bandra (East), Mumbai – 400053

To, Listing Department BSE Limited Phiroze Jeejeebhoy Towers Dalal Street Mumbai- 400001

Sub: Investors' and Analysts' Meet - Presentation

Dear Sir/Madam,

Please refer our letter no. CS/NSE-BSE/2024-25/123 dated 06[th] August,2024 and CS/NSEBSE/2024-25/127 dated 13[th ] August, 2024 intimating the schedule of “Investors' and Analysts' Meet”. In this regard, please find enclosed copy of the presentation ( Annexure-I ) is being made in the Investors' and Analysts' Meet - today.

This is for your kind information and record please.

Thanking you,

Yours faithfully/ Hkonh; For MOIL Limited/ d`Rks EkkW;Yk fYkfEkVsM

Digitally signed by NEERAJ DUTT NEERAJ DUTT PANDEY PANDEY Date: 2024.08.23 10:35:02 +05'30'

Neeraj Dutt Pandey/ (Ukhjt nRr ik.Ms;) (Company Secretary & Compliance Officer)/ (dEiuh lfpOk lg vuqikyu vf/kdkjh)

==> picture [79 x 74] intentionally omitted <==

Annexure - I

INVESTORS’ AND ANALYSTS’ MEET AUGUST 2024

==> picture [33 x 30] intentionally omitted <==

www.moil.nic.in

1

Adding Strength to Steel

Disclaimer

• This presentation is prepared by MOIL Limited (the “Company”) for general information purposes only, without regard to specific objectives, suitability, financial situations and needs of any particular person and does not constitute any recommendation or form part of any offer or invitation or inducement to sell or issue, or any solicitation of any offer to purchase or subscribe for, any securities of the Company, nor shall it or any part of it or the fact of its distribution or offer form the basis of, or be relied on in connection with, any contract or commitment therefor. This presentation does not solicit any action based on the material contained herein. Nothing in this presentation is intended by the Company to be construed as investment, legal, accounting or tax advice.

• The information and opinions contained herein are provided as of date of this presentation and are subject to change without further notice. This presentation has been prepared by the Company based upon the company’s data and/or information available in the public domain. This presentation has not been approved and will not be reviewed or approved by any statutory or regulatory authority in any jurisdiction including India or by any stock exchange in India.

• This presentation is not intended to be relied upon as advice to investors or potential investors and does not take into account the investment objectives, financial situation or needs of any investor. The information contained herein does not purport to be all-inclusive or to contain all of the information, a prospective or existing investor may desire. All investors should conduct their own investigation and analysis of the Company and consider such factors as deemed appropriate while making an investment decision

• This presentation may contain certain forward-looking statements relating to the business, financial performance, strategy and results of the Company and/or the industry in which it operates. Forward-looking statements are statements concerning future circumstances and results, and any other statements that are not historical facts, sometimes identified by the words "believes", "expects", "predicts", "intends", "projects", "plans", "estimates", "aims", "fore- sees", "anticipates", "targets", and similar expressions. The forward-looking statements, including those cited from third party sources, contained in this presentation are based on certain assumptions and are uncertain and subject to risks. A multitude of factors including, but not limited to, changes in global and domestic manganese ore prices, changes in demand, competition and technology, can cause actual events, performance or results to differ significantly from any anticipated development. Neither the Company nor its affiliates or advisors or representatives or any such person's officers or employees guarantees that the assumptions underlying such forward-looking statements are free from errors nor does either accept any responsibility for the future accuracy of the forward-looking statements contained in this presentation or the actual occurrence of the forecasted developments.

• Forward-looking statements speak only as of the date of this presentation. As a result, the Company expressly disclaims any obligation or undertaking to release any update or revisions to any forward-looking statements in this presentation as a result of any change in expectations or any change in events, conditions, assumptions or circumstances on which these forward-looking statements are based. In addition, this presentation also contains statements including information about the Company’s reserves that are based on the Company’s internal estimates and have not been independently verified by any third party or expert. Many of the factors, assumptions and variables involved in making such estimates may be beyond the control of the Company and may prove to be incorrect over time since they involve factoring multiple uncertainties.

==> picture [33 x 30] intentionally omitted <==

www.moil.nic.in

2

Adding Strength to Steel

About MOIL

==> picture [33 x 30] intentionally omitted <==

www.moil.nic.in

3

Adding Strength to Steel

MOIL

• The largest Manganese Ore Producer of India

• First CPSE to set up Wind Mills

• The only producer of Electrolytic Manganese Dioxide

==> picture [33 x 30] intentionally omitted <==

www.moil.nic.in

4

Adding Strength to Steel

Manganese Ore, a key ingredient in steel making

==> picture [700 x 391] intentionally omitted <==

----- Start of picture text -----

Manganese Ore
NON-
METALLURGICAL
METALLURGICAL
95-96%
4-5%
Iron and Manganese
Dry
Steel Alloys Chemicals Others
Cell
4-5% 90-91%
Ferro Silico
Manganese Manganese
25-30% 60-65%
----- End of picture text -----

==> picture [33 x 30] intentionally omitted <==

www.moil.nic.in

5

Adding Strength to Steel

Global Manganese Ore Market

World Manganese Ore Production

Country-wise Ore Production 2023

==> picture [892 x 334] intentionally omitted <==

----- Start of picture text -----

70
Brazil
Qty in million tonnes
4%
68 India Gabon
South Africa 5% 16%
36%
66
64.4
64 62.2
Australia
62
60.5 11%
59.6
60 59.0
58
56
54 China
11%
52 Others
17%
2019 2020 2021 2022 2023
----- End of picture text -----*

(Source: IMnI)

==> picture [33 x 30] intentionally omitted <==

www.moil.nic.in

6

Adding Strength to Steel

Indian Manganese Ore Market

==> picture [914 x 388] intentionally omitted <==

----- Start of picture text -----

Manganese Ore Production and Imports in India
%age share of %age share of
Year MOIL wrt MOIL wrt
7
6.5 India’s Prod. availability
6 5.6
5 4.6 2019-20 45 22
4
4
3.4
3 2.8 2.9 2.7 2.7 2.8
2020-21 41 17
1.8
2
1.3 1.1 1.2 1.3
1
2021-22 45 13
0
19-20 20-21 21-22 22-23 23-24
2022-23 46 18
Import Domestic Production MOIL Production
2023-24 52 20
----- End of picture text -----

Figures have been rounded off

==> picture [33 x 30] intentionally omitted <==

www.moil.nic.in

7

Adding Strength to Steel

==> picture [468 x 366] intentionally omitted <==

----- Start of picture text -----

M.P. J’Khand
60.05(11.92%) 14.75 (3%)
Maharashtra
59.03 (11.72%) Odisha
171.53 (34%)
Goa A.P.
34.50 (7%) 29.84 (6%)
K’nataka
Others
123.97 (25%)
6.85 (1.36%)
----- End of picture text -----

==> picture [85 x 55] intentionally omitted <==

==> picture [85 x 55] intentionally omitted <==

==> picture [84 x 55] intentionally omitted <==

==> picture [85 x 56] intentionally omitted <==

MANGANESE ORE RESERVES IN INDIA million MT

	**MOIL ***	INDIA **
Reserves	46.00	75.04
Resources	61.76	428.58
TOTAL	107.76	503.62

• MOIL as on 01.04.2024 ** India as on 01.04.2020 Source: IBM / MOIL

www.moil.nic.in 8 8

Adding Strength to Steel

A Brief History

==> picture [501 x 214] intentionally omitted <==

----- Start of picture text -----

Central Prospecting MOIL formed on 22 [nd] June,
Syndicate (CPS) formed taking over CPMO assets & 51%
to prospect for Mn capital with GoI, State Govt. of
deposits at Munsar MS & MP
1899 1908 1962 1991 1998
----- End of picture text -----

CPS converted into a Public Co. as CPMO which acquired mines in Nagpur, Bhandara & Balaghat

Set up of only EMD Plant in India

Set up Ferro Manganese Plant

==> picture [346 x 210] intentionally omitted <==

----- Start of picture text -----

Disinvestment Highest
of MOIL - production/ sales /
Listed on NSE turnover since
& BSE inception (FY 24)
2010 2014 2024
----- End of picture text -----

==> picture [121 x 124] intentionally omitted <==

----- Start of picture text -----

MOIL
upgraded to
Schedule ‘A’
CPSE
----- End of picture text -----

==> picture [33 x 30] intentionally omitted <==

www.moil.nic.in

9

Adding Strength to Steel

Details about MOIL

• 10 manganese mines in Madhya Pradesh and Maharashtra

• Ferro Manganese plant at Balaghat (12000 MTPA capacity)

• Electrolytic Manganese Dioxide Plant at Dongri Buzurg Mine (1500 MTPA capacity)

• Wind mills - 20 MW, Solar plants - 10.5 MW

• More than 56% energy consumption through renewable energy

==> picture [33 x 30] intentionally omitted <==

www.moil.nic.in

10

Adding Strength to Steel

Location of Mines

Madhya Pradesh Balaghat District Balaghat Sitapatore Tirodi Ukwa Maharashtra Bhandara District Chikla Dongri-Buz urg Nagpur District Beldongri Gumgaon Kandri Munsar

==> picture [243 x 55] intentionally omitted <==

----- Start of picture text -----

Road distance from Nagpur
in Kms.
----- End of picture text -----

Road distance from Nagpur in Kms.	Road distance from Nagpur in Kms.	Road distance from Nagpur in Kms.
Balaghat Distrct (Madhya Pradesh)
Balaghat	217
Ukwa	254
Tirodi	146
Sitapatore	156
Bhandara District (Maharashtra)
Chikla	116
Dongri	122
Nagpur District (Maharashtra)
Beldongri	40
Gumgaon	35
Kandri	42
Munsar	45

==> picture [33 x 30] intentionally omitted <==

www.moil.nic.in

11

Adding Strength to Steel

Capital Structure - MOIL

Authorized capital Paid-up capital ₹ 300.00 Cr ₹ 203.48 Cr

==> picture [297 x 261] intentionally omitted <==

----- Start of picture text -----

35.31%
53.35%
5.38%
5.96%
----- End of picture text -----

Amount % Name of share holders crores Holding Govt. of India 108.55 53.35% Govt. of Maharashtra 12.13 5.96% Govt. of Madhya Pradesh 10.94 5.38% Public / Institutions 71.86 35.31% Total 203.48 100.00%

==> picture [33 x 32] intentionally omitted <==

==> picture [32 x 32] intentionally omitted <==

==> picture [33 x 31] intentionally omitted <==

==> picture [34 x 32] intentionally omitted <==

==> picture [32 x 31] intentionally omitted <==

==> picture [33 x 30] intentionally omitted <==

www.moil.nic.in

12

Adding Strength to Steel

Board of Directors

==> picture [325 x 92] intentionally omitted <==

----- Start of picture text -----

Shri A.K. Saxena
Chairman-cum-Managing Director
----- End of picture text -----

==> picture [325 x 92] intentionally omitted <==

----- Start of picture text -----

Shri Rakesh Tumane
Director (Finance)
----- End of picture text -----

==> picture [325 x 92] intentionally omitted <==

----- Start of picture text -----

Smt. Usha Singh
Director (Human Resource)
----- End of picture text -----

==> picture [325 x 91] intentionally omitted <==

----- Start of picture text -----

Shri MM Abdulla
Director (Production & Planning)
----- End of picture text -----

==> picture [325 x 91] intentionally omitted <==

----- Start of picture text -----

Smt. Rashmi Singh
Director (Commercial)
----- End of picture text -----

Experience in Steel Sector with wide experience in technical, operational and project management areas. Experience in diverse field of Financial Management, Corporate Accounts, Financial Strategy, Budgeting, Cost Management, IT strategy.

Experience in diverse fields of Human resources functions, Business Development and Corporate Planning functions, CSR.

Experience in underground & opencast mining such as mine planning, development, mineral extraction, Ore beneficiation, quality control, safety management.

Experience in formulation of marketing / pricing policies, business forecast, market research, e-sales, business plan.

==> picture [33 x 30] intentionally omitted <==

www.moil.nic.in

13

Adding Strength to Steel

Board of Directors

==> picture [325 x 101] intentionally omitted <==

----- Start of picture text -----

Shri V.K. Tripathi
Govt. of India Nominee Director
----- End of picture text -----

==> picture [325 x 92] intentionally omitted <==

----- Start of picture text -----

CA Dinesh Kumar Gupta
Independent Director
----- End of picture text -----

==> picture [325 x 92] intentionally omitted <==

----- Start of picture text -----

Shri Prashant Vashishtha
Independent Director
----- End of picture text -----

==> picture [325 x 101] intentionally omitted <==

----- Start of picture text -----

Dr. Archana Majumdar
Independent Director
----- End of picture text -----

Indian Railway Service of Engineers (1997), having vast experience in administration, Management, engineering, policy making, Technology advancement.

Experience in Business Strategy, Financial Management, Corporate Accounts, Budgeting, Cost Management.

Experience in Auto, Finance, Sales and Marketing, Social activities and various operational areas.

Experience in Public Administration, Health, Research & Management.

==> picture [33 x 30] intentionally omitted <==

www.moil.nic.in

14

Adding Strength to Steel

PERFORMACE

==> picture [446 x 296] intentionally omitted <==

==> picture [33 x 30] intentionally omitted <==

www.moil.nic.in

15

Adding Strength to Steel

Physical performance

==> picture [451 x 215] intentionally omitted <==

----- Start of picture text -----

Production of Mn Ore (Lakh MT)
17.56
12.77 13.02
12.31
11.43
4.70
19-20 20-21 21-22 22-23 23-24 24-25 Q1
----- End of picture text -----

==> picture [484 x 215] intentionally omitted <==

----- Start of picture text -----

Sales of Mn Ore (Lakh MT)
15.36
11.80 12.17 12.12 11.78
4.53
19-20 20-21 21-22 22-23 23-24 24-25 Q1
----- End of picture text -----

Production of FeMn (MT)

==> picture [423 x 132] intentionally omitted <==

----- Start of picture text -----

10421 10245 10163
8851 8860
2948
19-20 20-21 21-22 22-23 23-24 24-25 Q1
----- End of picture text -----

Production of EMD (MT)

==> picture [454 x 132] intentionally omitted <==

----- Start of picture text -----

1413
1202
1070 1100
925
368
19-20 20-21 21-22 22-23 23-24 24-25 Q1
----- End of picture text -----

==> picture [33 x 30] intentionally omitted <==

www.moil.nic.in

16

Adding Strength to Steel

Exploration & Reserves

==> picture [939 x 424] intentionally omitted <==

----- Start of picture text -----

Exploration (Meter)
Resources Added ( in Million Tonnes)
Exploration - Prerequisite of successful mining 87661 7.98
operations.
6.5
5.52
41762
35728
30028 2.43
1.78
10855 10414
19-20 20-21 21-22 22-23 23-24
19-20 20-21 21-22 22-23 23-24 24-25 Q1
----- End of picture text -----

==> picture [33 x 30] intentionally omitted <==

www.moil.nic.in

17

Adding Strength to Steel

Key Performance Highlights

F.Y. 2023-24

Best ever

• Production, Mn ore at 17.56 lakh tonnes, growth of 35% y-o-y

• Sales, 15.36 lakh tonnes, growth of 30% y-o-y

• Turnover, Rs. 1449.42 crore, growth of 8% y-o-y

• Exploration core drilling, 87,661 meters, growth of more than 100% y-o-y

==> picture [33 x 30] intentionally omitted <==

www.moil.nic.in

18

Adding Strength to Steel

Key Performance Highlights

F.Y. 2024-25-Q1

Best ever

• Revenue from operations, Rs. 492.84 crore, 30% higher y-o-y

• Sales, 4.53 lakh MT, 15% higher y-o-y

• Exploratory core drilling, 30028 meters, almost 1.5 times y-o-y

==> picture [33 x 30] intentionally omitted <==

www.moil.nic.in

19

Adding Strength to Steel

Return to the shareholders

==> picture [397 x 21] intentionally omitted <==

Return on Equity During 10 Years

2014-15 to 2023-24

==> picture [574 x 271] intentionally omitted <==

----- Start of picture text -----

2076.04
1317.40
339.34
206.95
Buyback Dividend Avg. Return Avg. Equity
----- End of picture text -----

Average annual return of Rs. 339.34 crores on average equity of Rs. 206.95 crores which amounts to annual average return of ~164%.

(Rs. in crore)

==> picture [33 x 30] intentionally omitted <==

www.moil.nic.in

20

Adding Strength to Steel

Enhancement of Shareholders’ Wealth

==> picture [583 x 21] intentionally omitted <==

==> picture [662 x 385] intentionally omitted <==

----- Start of picture text -----

In Rs.
Share price
450
401.15
400
350
278.25
300
250
184.45
200
150.25 142.50
150
100
50
0
Mar-21 Mar-22 Mar-23 Mar-24 Aug-24
----- End of picture text -----

Return of ~ 267%.

Year

==> picture [33 x 30] intentionally omitted <==

www.moil.nic.in

21

Adding Strength to Steel

MOIL @ 2030

==> picture [33 x 30] intentionally omitted <==

www.moil.nic.in

22

Adding Strength to Steel

Future Outlook………

• ❖ National Steel Policy, 2017 - India’s Steel Production - 300 million MT by 2030

❖ 11 million MT of Mn ore required to produce 300 million MT of Steel

• ❖ MOIL to produce 3.5 million MT of Mn Ore by 2030

• ❖ Increasing MOIL’s market share from 20% to 32% by 2030

==> picture [33 x 30] intentionally omitted <==

www.moil.nic.in

23

Adding Strength to Steel

Production target up to 2029 30 (in Lakh Tonnes)

==> picture [795 x 391] intentionally omitted <==

----- Start of picture text -----

35.0
5
New Mines
24.9
21.07
17.56 30
Existing Mines
13.02
12.31
2029-30
21-22 22-23 23-24 2024-25 2025-26
CAGR of 12.18%
----- End of picture text -----*

==> picture [33 x 30] intentionally omitted <==

www.moil.nic.in

24

Adding Strength to Steel

Focus on…

❖ Higher exploration to add into reserves/resources

❖ Taking up new shaft sinking projects

• ❖ Enhancement in EC limits

• ❖ Increase in production capacity

• ❖ Expansion of business operation in other states

==> picture [33 x 30] intentionally omitted <==

www.moil.nic.in

25

Adding Strength to Steel

Emphasis on Higher Exploration

==> picture [837 x 265] intentionally omitted <==

----- Start of picture text -----

EXPLORATION (IN METER)
90,000
1,00,000
80,000
87,661
70,000
60,000
50,000 41,762
40,000
30,000
20,000
10,000
0
2022-23 2023-24 2024-25
----- End of picture text -----

• Within lease hold area = 52,559 mtrs. (FY23-24)

• Outside lease hold area = 35,102 mtrs. (FY23-24)

• .

• Increase in Mn resource base of MOIL by 7.8 million tonnes in FY23-24

==> picture [33 x 30] intentionally omitted <==

www.moil.nic.in

26

Adding Strength to Steel

Capacity Expansion of Environmental Clearance

==> picture [547 x 349] intentionally omitted <==

----- Start of picture text -----

EC Expansion
50.0
34.2
24.9
22.7
FY22-23 FY23-24 FY24-25 FY29-30
----- End of picture text -----

In lakh tonnes

==> picture [33 x 30] intentionally omitted <==

www.moil.nic.in

27

Adding Strength to Steel

CAPITAL EXPENDITURE

==> picture [960 x 7] intentionally omitted <==

0 50 100 150 200 250 300 350 400	245 316 328 340 22-23 23-24 24-25 (E) 25-26 (E) Capex (Rs. in crore)	• Most of the retained profit is used for mechanization, modernization and capacity enhancement through Capex. • Last year, Capex was more than PAT.

==> picture [33 x 30] intentionally omitted <==

www.moil.nic.in

28

Adding Strength to Steel

Projects

• Brownfield

• High Speed Shaft Sinking, Balaghat Mine

• High Speed Shaft Sinking, Gumgaon Mine

• Greenfield

• Pani Project, Gujarat

• Bhudkum Block, Chhindwara, MP

• Selva Block, Balaghat, MP

• Nilkanthpur block, Balrampur, Chhattisgarh

==> picture [33 x 30] intentionally omitted <==

www.moil.nic.in

29

Adding Strength to Steel

Greenfield Projects

Pani Project- Gujarat (Area ~270 ha.) –

• MOIL and GMDC entered into MoU on 01.10.2019.

• MOIL has carried out exploration in the Pani area and proved 9.51 million tonnes of resources.

• JV document has been finalized from MOIL side and sent to GMDC for their approval.

==> picture [33 x 30] intentionally omitted <==

www.moil.nic.in

30

Adding Strength to Steel

Greenfield Projects

• Bhudkum Block – (Area ~300 Ha.) of Chhindwara Selva Block (Area ~100 ha.) of Balaghat

• MOIL, Govt. of MP and MPSMC entered into MoU on 27.10.2016.

• Exploration in Chhindwara and Balaghat under progress

• Ore body established

• Bhudkum Block (Area ~300 Ha.), Chhindwara

• Selva Block (Area ~100 ha.), Balaghat

• JV finalized- sent to MP State Mining Corporation for approval.

==> picture [33 x 30] intentionally omitted <==

www.moil.nic.in

31

Adding Strength to Steel

Greenfield Projects

Nilkanthpur block of Balrampur District, Chhattisgarh (Area ~300 ha.)

• MOIL and CMDC entered into MoU on 16.01.2023.

• Govt of Chhattisgarh has allotted land for exploration in Oct 2023.

• Area allocated is 218 sq km.

• MOIL has started exploration from June, 2024 (FY 25 target - 25,000 mtrs. ).

==> picture [33 x 30] intentionally omitted <==

www.moil.nic.in

32

Adding Strength to Steel

==> picture [960 x 109] intentionally omitted <==

----- Start of picture text -----

Thank You
----- End of picture text -----

MOIL LIMITED MOIL Bhavan, 1-A, Katol Road, Chhaoni, Nagpur – 440 013

Website : http://moil.nic.in

Phone : 0712 2806216/181 Tele-Fax : 0712 25916613

==> picture [33 x 30] intentionally omitted <==

www.moil.nic.in

33

Adding Strength to Steel