MSTC Limited — Earnings Release 2023

May 24, 2023

AJAY Digitally signed by AJAY KUMAR KUMAR RAI Date: 2023.05.24 RAI 11:09:58 +05'30'

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May 24, 2023

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Earnings Release FY 2022-23

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MSTC Limited
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Disclaimer

Thispresentationandtheaccompanyingslides(the“Presentation”),whichhavebeenpreparedbyMSTCLimited(the“Company”),havebeenpreparedsolelyforinformationpurposes anddonotconstituteanyoffer,recommendationorinvitationtopurchaseorsubscribeforanysecurities,andshallnotformthebasisorbereliedoninconnectionwithanycontractor bindingcommitmentwhatsoever.Noofferingofsecurities oftheCompanywillbemade exceptbymeansof astatutoryoffering documentcontainingdetailedinformationabout the Company.

ThisPresentation has been prepared by the Company based on information and data which the Company considers reliable, but the Company makes no representation or warranty, expressorimplied,whatsoever, and norelianceshallbeplacedon,the truth,accuracy,completeness,fairness and reasonablenessof thecontentsof thisPresentation.ThisPresentation may notbeall inclusive and may notcontain allof theinformation thatyoumayconsidermaterial. Anyliabilityinrespectof thecontentsof,or any omissionfrom,thisPresentationis expresslyexcluded.CertainmattersdiscussedinthisPresentationmaycontainstatementsregardingtheCompany’smarketopportunityandbusinessprospectsthatareindividuallyand collectively forward-looking statements. Such forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and assumptionsthataredifficulttopredict.Theserisksanduncertaintiesinclude,butarenotlimitedto,theperformanceoftheIndianeconomyandoftheeconomiesofvariousinternational markets, the performance of theindustry in India andworld-wide, competition, thecompany’s ability to successfullyimplementitsstrategy, the Company’s future levels of growth and expansion,technologicalimplementation,changesandadvancements,changesinrevenue,incomeorcashflows,theCompany’smarketpreferencesanditsexposuretomarketrisks,as wellasotherrisks.

TheCompany’sactualresults,levelsofactivity,performanceorachievementscoulddiffermateriallyandadverselyfromresultsexpressedinorimpliedbythisPresentation.TheCompany assumesnoobligationtoupdateanyforward-lookinginformationcontainedinthisPresentation.Anyforward-lookingstatementsandprojectionsmadebythirdpartiesincludedinthis PresentationarenotadoptedbytheCompanyandtheCompanyisnotresponsibleforsuchthirdpartystatementsandprojections.

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Key Highlights

Operational During the 2022-23, the Company crossed INR 3015.90 bn in terms of value of goods Performance transacted through its marketing and e-commerce verticals which is 120.00 % increase over (Standalone) the value of goods traded in 2021-22 .

Financial

Performance (Consolidated)

• Revenues of INR 87916.66 Lakhs in 2022-23 vis-à-vis revenues of INR 112332.65 Lakhs in 2021-22 .

• PBT of INR 32917.50 Lakhs in 2022-23 vis-à-vis INR 23290.03 in 2021-22; increase of 41.34%.

MSTC Limited

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Key Highlights

Circular Economy / ELV Auction Portal

MMRPL (JV of MSTC with Mahindra Intertrade Ltd) has set up six RVSFs at Noida, Chennai, Pune, Indore, Ahmedabad & Hyderabad, which are operational. One plant at Guwahati has got RVSF approval, another plant at Bangalore is under advance stage of approval. MSTC launched ELV portal for disposal of ‘End-Of-Life’ Vehicles for Central and State Govt. The services have now been extended for individual ELV owners also. In the FY 2223, 2084 ELVs of various Central/State Govt. have been sold.

Spectrum MSTC Limited has successfully conducted Spectrum 4G/5G auction. Department of Telecom Auction (DoT) earned record revenue of 1,50,173.29 Crore for Govt. of India from this auction.

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Key Highlights
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Key Business
Highlights
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• 86 Coal Mine blocks have been successfully allotted through auction for commercial mining in 6 tranches of auctions in 2021-22 & 2022-23.

• 94 Major Mineral blocks have been successfully allotted through auctions for various States and in FY 2022-23.

• MoU signed with Directorate of Mines & Geology, Odisha for auctioning of minor mineral blocks.

• 79 blocks from Jharkhand have been auctioned.

• Total 9000 Nos. (approx.) of NPAs from banks sold for a sale value of ₹ 7000 Cr.

• In e-Auction portal the user interface of MSTC’s users have been revamped/upgraded with user friendly features.

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Key Business Highlights

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• 6 power plants of DVC, 2 power plant of Uttar Pradesh Rajya Vidyut Utpadan Nigam Ltd., 1 power plant of Telangana State Power Generation Corpn. Ltd. have been successfully sold fetching a value more than ₹ 1100 Crore.

• Approximately 20 million MT of Coal have been sold through linkage auction fetching a value of ₹ 4400 Crore.

• MoU signed with ESL Steels Ltd, Mahanadi Steel & Iron Pvt. Ltd and Arcelor Mittal India Pvt. Ltd for sale of Iron Ore.

• MSTC the time auctioned on for first Transfer of Technology rights behalf of

• M/s Bharat Pumps & Compressors Limited.

• MSTC also successfully auctioned “Trademarks of The Scooters India Limited (SIL) comprising of LAMBRETTA / LAMBRO along with design drawings available in the Design Office of SIL". The sale of trademark is a unique achievement for MSTC.

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Key Business Highlights

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• MSTC has successfully conducted the auction of 3 Nos. of ATR aircrafts on behalf of AAI.

• MSTC conducted e-auction for sale of M-Sand for Northern Coal Field

• MSTC has successfully integrated the Billing Software developed for HSIIDC (Haryana State Industrial & Infrastructure Development Corporation) with Boom Barrier and GPS system of HSIIDC for access monitoring and fraud prevention.

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MSTC Limited 8 Standalone Financials Highlights –2022-23 YoY % chg. 2021-22 2022-23 Particulars (INR Lakhs, unless stated) -33.56 749,56.59 498,00.52 Total Revenue -72.07 413,54.23 115,49.93 Marketing 18.66 294,05.70 348,92.99 E-commerce -19.99 41,96.66 33,57.60 Others -17.93 483,30.78 396,64.12 EBITDA _(pre-provisioning)_1 -151.27 35,55.21 -18,22.71 Provisions and write-offs (net of provisions written- back) 42.46 220,04.11 313,47.90 Profit before Tax 19.58 200,04.91 239,22.75 Profit after Tax 19.56 28.42 33.98 EPS (in INR) -30.04 460,69.98 322,29.83 Cash Profit2 1. EBITDA (pre-provisioning) refers to EBITDA less provisions for the period 2. Cash Profit is computed asEBITDA pre provisioning less expenses made towards Interest and Tax

MSTC Limited 8 Standalone Financials Highlights –2022-23 YoY % chg. 2021-22 2022-23 Particulars (INR Lakhs, unless stated) -33.56 749,56.59 498,00.52 Total Revenue -72.07 413,54.23 115,49.93 Marketing 18.66 294,05.70 348,92.99 E-commerce -19.99 41,96.66 33,57.60 Others -17.93 483,30.78 396,64.12 EBITDA _(pre-provisioning)_1 -151.27 35,55.21 -18,22.71 Provisions and write-offs (net of provisions written- back) 42.46 220,04.11 313,47.90 Profit before Tax 19.58 200,04.91 239,22.75 Profit after Tax 19.56 28.42 33.98 EPS (in INR) -30.04 460,69.98 322,29.83 Cash Profit2 1. EBITDA (pre-provisioning) refers to EBITDA less provisions for the period 2. Cash Profit is computed asEBITDA pre provisioning less expenses made towards Interest and Tax

MSTC Limited Standalone Financials Segment Reporting- 2022-23 YoY 2021-22 2022-23 Particulars (INR Lakhs) 13,68.05 30,15.90 Total value of goods traded through MSTC eco- system (INR bn) 749,56.59 498,00.52 Total Revenue 294,05.70 348,92.99 Revenue – E-commerce 258,55.00 284,29 E-Auction/E-Sale 545.00 431 E-Procurement 30,05.70 60,32.99 Other Income 413,54.23 115,49.93 Revenue – Marketing 529,52.48 184,52.62 Total Expenses 220,04.11 313,47.90 Profit Before Tax 200,04.91 239,22.75 Profit After Tax

9 % chg. 120.45 -33.56 18.66 9.96 -20.92 100.72 -72.07 -65.15 42.46 19.58

MSTC Limited 10 Consolidated Financials Highlights – 2022-23 YoY % chg. 2021-22 2022-23 Particulars (INR Lakhs, unless stated) -21.74 1123,32.65 879,16.66 Total Revenue -72.07 413,54.23 115,49.93 Marketing 18.67 294,02.83 348,92.92 E-commerce -0.30 415,38.93 414,16.21 Scrap recovery and allied jobs 57.12 36.66 57.60 Others -16.54 516,06.34 430,71.70 EBITDA _(pre-provisioning)_1 -167.02 38,54.66 -25,83.44 Provisions and write-offs (net of provisions written-back) -1,038.25 28.29 -265.43 Share of JV 41.34 232,90.03 329,17.50 Profit before Tax 21.53 199,09.58 241,95.67 Profit after Tax 21.53 28.28 34.37 EPS (in INR) -29.00 479,92.58 340,75.30 Cash Profit2 1. EBITDA (pre-provisioning) refers to EBITDA less provisions for the period 2. Cash Profit is computed as EBITDA pre provisioning less expenses made towards Interest and Tax	MSTC Limited 10 Consolidated Financials Highlights – 2022-23 YoY % chg. 2021-22 2022-23 Particulars (INR Lakhs, unless stated) -21.74 1123,32.65 879,16.66 Total Revenue -72.07 413,54.23 115,49.93 Marketing 18.67 294,02.83 348,92.92 E-commerce -0.30 415,38.93 414,16.21 Scrap recovery and allied jobs 57.12 36.66 57.60 Others -16.54 516,06.34 430,71.70 EBITDA _(pre-provisioning)_1 -167.02 38,54.66 -25,83.44 Provisions and write-offs (net of provisions written-back) -1,038.25 28.29 -265.43 Share of JV 41.34 232,90.03 329,17.50 Profit before Tax 21.53 199,09.58 241,95.67 Profit after Tax 21.53 28.28 34.37 EPS (in INR) -29.00 479,92.58 340,75.30 Cash Profit2 1. EBITDA (pre-provisioning) refers to EBITDA less provisions for the period 2. Cash Profit is computed as EBITDA pre provisioning less expenses made towards Interest and Tax	MSTC Limited 10 Consolidated Financials Highlights – 2022-23 YoY % chg. 2021-22 2022-23 Particulars (INR Lakhs, unless stated) -21.74 1123,32.65 879,16.66 Total Revenue -72.07 413,54.23 115,49.93 Marketing 18.67 294,02.83 348,92.92 E-commerce -0.30 415,38.93 414,16.21 Scrap recovery and allied jobs 57.12 36.66 57.60 Others -16.54 516,06.34 430,71.70 EBITDA _(pre-provisioning)_1 -167.02 38,54.66 -25,83.44 Provisions and write-offs (net of provisions written-back) -1,038.25 28.29 -265.43 Share of JV 41.34 232,90.03 329,17.50 Profit before Tax 21.53 199,09.58 241,95.67 Profit after Tax 21.53 28.28 34.37 EPS (in INR) -29.00 479,92.58 340,75.30 Cash Profit2 1. EBITDA (pre-provisioning) refers to EBITDA less provisions for the period 2. Cash Profit is computed as EBITDA pre provisioning less expenses made towards Interest and Tax
	-16.54 516,06.34 430,71.70 EBITDA _(pre-provisioning)_1
	-167.02 38,54.66 -25,83.44 Provisions and write-offs (net of provisions written-back) -1,038.25 28.29 -265.43 Share of JV 41.34 232,90.03 329,17.50 Profit before Tax
	199,09.58 241,95.67 Profit after Tax	21.53
	28.28 34.37 EPS (in INR)	21.53
		-29.00
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Summary P&L Statement

Summary P&L Statement	Summary P&L Statement
Consolidated Standalone Particulars (INR Lakhs) % change 2021-22 2022-23 % change 2021-22 2022-23 -17.71 876,14.78 720,96.65 -31.00 470,63.91 324,71.84 Revenue from operations -36.00 247,17.87 158,20.01 -37.87 278,92.68 17,328.68 Other Income -21.74 1,12,332.65 879,16.66 -33.56 749,56.59 498,00.52 Total Revenue Expenses -70.08 214,17.02 64,08.27 -100.00 158,78.48 - Purchases of Stock-in-Trade/Operational Consumables & Spares -11.11 193,25.96 171,79.60 -19.11 85,70.78 69,33.00 Employee benefit expense -96.51 2,61.60 9.14 -96.51 2,61.60 9.14 Finance costs 4.90 20,81.82 21,83.87 35.84 4,71.68 640.75 Depreciation and amortisation expense -70.40 260,01.18 76,95.76 -70.05 255,93.39 76,66.33 Provisions and write-offs 6.37 199,83.33 212,57.09 47.18 21,76.55 32,03.40 Other expenses -38.55 890,70.91 547,33.73 -65.15 529,52.48 184,52.62 Total Expenses -1,038.25 28.29 -265.43 - - Share of profit/(loss) of Joint Ventures 41.34 232,90.03 329,17.50 42.46 220,04.11 313,47.90 Profit/(Loss) before tax 158.01 33,80.45 87,21.83 271.41 19,99.20 74,25.15 Tax expense 21.53 199,09.58 241,95.67 19.58 200,04.91 239,22.75 Profit/(Loss) for theperiod
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MSTC Limited

Thank You

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Subrata Sarkar +91-033-2340-0009 www.mstcindia.co.in MSTC Limited