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MSTC Limited Investor Presentation 2021
60803_rns_2021-06-28_cbaba7f2-147f-4ab9-a7c4-03049541989c.pdf
Investor Presentation
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225C, A,J,C BOSE ROAD, KOLKATA. TOO O2(), INDIA PHONE : 91-33-2290-0964, 2287-9627 17557 / 0568 FAX : 2287 -g 5 47 I 2290 -7 21 1 I 2281 -3089, 2287 - 49 1 5 ( E R 0 ) website : www. mstci ndia.co. i n www, mstcecommerce.c0m
MSTC/CS/SE/243
'1. The Dy. Manager (Listing) 2. BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai 400 001. (Scrip Code: 542597)
28th June,2021
The Manager, Lìsting Department National Stock Exchange of lndia Limited Exchange Ptaza, Bandra Kurta Comptex Bandra (E), Mumbai 400 051 (Scrip Code: MSTCLTD)
Dear Sirs,
Sub: Presentation of Results for Quarter and Year ended 31't March. 2021 with the lnvestors/ Analvst
ln continuation of our Letter no. MSTC/CS/SE/2.4?. dated 25th June, 7021 on the Audited Standatone and Consotidated Financial Resutts for the Quarter and Year ended 31't March, 2021 enctosed please find a copy of presentation in retation to conference catt with the investors / Analysts which is scheduted to be hetd on Monday, 28th June, 2021 al l2:00 Noon lST, intimation of which has atready been communicated to the Stock Exchanges.
This is for your information and records.
Thanking you,
Yours faithfutly,
For MSTC Limited
$*iu" (Naí Kumar Rai)
Company Secretary & Compliance Officer
e-assttring "ffi it q* t5't EtTrTiT È aerr rqtr{ Vftg¡ Èqr GIT\rrn ¡" lllllA e'comnrerce certifietl as lSo/lEC 27001.2013 & lso 9001 .2015 CMMi Level 3 Appraisecl
Disclaimer
Thispresentation and the accompanyingslides(the "Presentation"),which havebeenpreparedbyMSTC Limited (the "Company"),havebeenprepared solely for information purposes anddonot constituteany offer, recommendationor invitationtopurchaseor subscribe forany securities,andshallnotformthebasis orbe reliedoninconnectionwithany contractor binding commitmentwhatso ever.No offering ofsecurities ofthe Company will bemade except bymeans of a statutory offering document containing detailed information aboutthe Company.
This Presentation has been prepared by the Company based on information and data which the Company considers reliable, butthe Companymakes no representation or warranty, express or implied,whatsoever, and no reliance shall be placed on,the truth, accuracy, completeness, fairness and reasonableness ofthe contents ofthis Presentation.This Presentation may not be allinclusiveandmay not contain all ofthe information that youmay considermaterial.Any liability in respect ofthe contents of, or any omission from,this Presentation is expresslyexcluded.CertainmattersdiscussedinthisPresentationmaycontainstatements regardingtheCompany'smarketopportunityandbusinessprospectsthatareindividuallyand collectively forward-looking statements. Such forward-looking statements are not guarantees of future performance and are subjectto known and unknown risks, uncertainties and assumptionsthataredifficulttopredict.Theserisksanduncertaintiesinclude,butarenotlimitedto,theperformanceoftheIndianeconomyandoftheeconomiesofvariousinternational markets,the performance ofthe industry in India and world-wide, competition,the company's ability to successfully implementitsstrategy,the Company'sfuture levels of growth and expansion,technologicalimplementation, changes andadvancements, changesinrevenue,income or cash flows,theCompany'smarketpreferencesandits exposure tomarket risks,as wellasotherrisks.
TheCompany'sactualresults,levelsofactivity,performanceorachievementscoulddiffermateriallyandadverselyfromresultsexpressedinorimpliedbythisPresentation.TheCompany assumesnoobligationtoupdateanyforward-lookinginformationcontainedinthisPresentation.Anyforward-lookingstatementsandprojectionsmadeby thirdpartiesincludedinthis PresentationarenotadoptedbytheCompanyandtheCompanyisnotresponsibleforsuchthirdpartystatementsandprojections.
Key Highlights
MSTC Limited
Key Highlights
Operational Performance
Financial Performance (Consolidated) During the FY 21, the Company crossed INR 1289.86 bn in terms of value of goods transacted through its marketing and e-commerce verticals which is 1.25 % growth over the value of goods traded in FY 20; growth in value of goods transacted through its e-commerce vertical was higher at 2.03%
- Revenues of INR 7804.66 mn in FY21 vis-à-vis revenues of INR 12313.99 mn in FY20; decline of 36.62%, largely driven by degrowth in marketing business.
- PBT of INR 1358.84 mn in FY21 vis-à-vis INR 1667.43 mn in FY20.
• Allotment of License for Liquor Shop: MSTC has conducted online auctions for Excise Department, Government of Rajasthan for allotment of License for Liquor Shops in the State of Rajasthan. MSTC has developed the customised biding portal for allotment of liquor shops and successfully conducted the auctions. MSTC was able to auction 7061 shops successfully across all the districts of Rajasthan. The State of Rajasthan has been able to earn Rs. 11277 Crore from these auctions, which is 33% above the reserve price fixed by the Govt.
Business update
• Selection of Agency for Sand Operation in A.P.: Department of Mines & Geology, Andhra Pradesh, appointed MSTC for providing online bidding platform for selection of Agency to carry out Sand Operations in the State of Andhra Pradesh. In this process MSTC played the role of a Transaction Advisor as well as e-tendering service provider. The e-Tender was conducted successfully and the highest bid of Rs. 1528.80 Crore was received for the Sand operation in the entire State of A.P.
Key Highlights
•Coal Block Auction for Commercial Mining: The 2nd tranche of Coal Black Auction has been launched on 25th March, 2021. Total 67 mines have been put up for auction.
•Custodian of Enemy Properties in India (CEPI) has signed an MOU with MSTC for utilising the e-Commerce service of MSTC to sell the enemy properties in India through e-auction. Thousands of such properties located all over the country, will be sold through MSTC's platform in near future.
•MoU has been singed with Bio-WMS Private Limited , Tamil Nadu, for online sale of BioSolid fertilizer, Liquid Fertilizer and Carbon.
•Bidding portal for Spectrum Auction was developed on behalf of DOT. The first tranche of e auction was conducted successfully in March 2021.
Business update
Standalone Financials Highlights – FY 2020-21
| Particulars(INRmn,unlessstated) | FY 2020-21 | FY 2019-20 | YoY % chg. |
|---|---|---|---|
| TotalRevenue | 6391.33 | 8922.08 | -28.37% |
| Marketing | 4062.61 | 6463.57 | -37.15% |
| E-commerce | 2212.36 | 2019.99 | 9.52% |
| Others | 116.36 | 438.52 | -73.47% |
| (pre-provisioning)1EBITDA | 3739.17 | 2303.72 | 62.31% |
| Provisionsandwrite-offs | 2498.65 | 713.90 | 250.00% |
| ProfitbeforeTax | 1146.81 | 1294.91 | -11.44% |
| ProfitafterTax | 1010.70 | 752.03 | 34.40% |
| EPS(inINR) | 14.36 | 10.68 | 34.40% |
| Profit2Cash | 3534.17 | 1486.28 | 137.79% |
1. EBITDA (pre-provisioning) refers to EBITDA less provisions for the period
2. Cash Profit is computed as EBITDA less expenses made towards Interest and Tax
Standalone Financials Segment Reporting -FY 2020-21
| Particulars(INRmn) | FY 2020-21 | FY 2019-20 | |
|---|---|---|---|
| TotalvalueofgoodstradedthroughMSTCecosystem(INRbn) | 1289.86 | 1273.91 | 1.25% |
| TotalRevenue | 6391.33 | 8922.08 | -28.37% |
| Revenue–E-commerce | 2212.36 | 2019.99 | 9.52% |
| E-Auction/E-Sale | 1952.50 | 1660.83 | 17.56% |
| E-Procurement | 75.28 | 170.63 | -55.88% |
| OtherIncome | 184.58 | 188.53 | -2.10% |
| Revenue–Marketing | 4062.61 | 6463.57 | -37.15% |
| TotalExpenses | 5244.52 | 7627.17 | -31.24% |
| ProfitBeforeTax | 1146.81 | 1294.91 | -11.44% |
| ProfitAfterTax | 1010.70 | 752.03 | 34.40% |
Consolidated Financials Highlights – FY 2020-21
| Particulars(INRmn,unlessstated) | FY 2020-21 | FY 2019-20 | YoY % chg. |
|---|---|---|---|
| TotalRevenue | 9940.79 | 12959.98 | -23.30% |
| Marketing | 4062.61 | 6463.57 | -37.15% |
| E-commerce | 2212.16 | 2019.72 | 9.53% |
| Scraprecoveryandalliedjobs | 3649.68 | 4098.87 | -10.96% |
| Others | 16.34 | 377.82 | -95.68% |
| (pre-provisioning)1EBITDA | 4137.67 | 2882.15 | 43.56% |
| Provisionsandwrite-offs | 2520.59 | 761.35 | 231.07% |
| ProfitbeforeTax | 1358.84 | 1667.43 | -18.51% |
| ProfitafterTax | 1129.59 | 970.14 | 16.44% |
| EPS(inINR) | 16.05 | 13.78 | 16.44% |
| Profit2Cash | 3836.95 | 1897.64 | 102.20% |
1. EBITDA (pre-provisioning) refers to EBITDA less provisions for the period
2. Cash Profit is computed as EBITDA less expenses made towards Interest and Tax
Summary financials
Summary P&L Statement
| Standalone | Consolidated | |||||
|---|---|---|---|---|---|---|
| Particulars (INR mn) | FY2020-21 | FY2019-20 | % change | FY2020-21 | FY2019-20 | % change |
| Revenue from operations | 4277.45 | 8307.08 | -48.51% | 7804.66 | 12313.99 | -36.62% |
| Other Income | 2113.88 | 615.00 | 243.72% | 2136.13 | 645.99 | 230.67% |
| Total Revenue | 6391.33 | 8922.08 | -28.37% | 9940.79 | 12959.98 | -23.30% |
| Expenses | ||||||
| Purchases of Stock-in-Trade/Operational Consumables & Spares | 1746.07 | 5663.12 | -69.17% | 2177.46 | 6151.98 | -64.61% |
| Employee benefit expense | 677.58 | 711.54 | -4.77% | 1733.93 | 1828.05 | -5.15% |
| Finance costs | 68.90 | 274.56 | -74.91% | 71.46 | 287.22 | -75.12% |
| Depreciation and amortisation expense | 24.81 | 20.35 | 21.92% | 186.78 | 166.15 | 12.42% |
| Provisions and write-offs | 2498.65 | 713.90 | 250.00% | 2520.59 | 761.35 | 231.07% |
| Other expenses | 228.51 | 243.70 | -6.24% | 1883.13 | 2070.86 | -9.06% |
| Total Expenses | 5244.52 | 7627.17 | -31.24% | 8573.35 | 11265.61 | -23.90% |
| Share of profit/(loss) of Joint Ventures | (8.60) | (26.94) | -68.08% | |||
| Profit/(Loss) before tax | 1146.81 | 1294.91 | -11.44% | 1358.84 | 1667.43 | -18.51% |
| Tax expense | 136.11 | 542.88 | -74.93% | 229.25 | 697.29 | -67.12% |
| Profit/(Loss) for the period | 1010.70 | 752.03 | 34.40% | 1129.59 | 970.14 | 16.44% |
Summary Balance Sheet
| Particulars (INR mn) | Consolidated | ||||||
|---|---|---|---|---|---|---|---|
| Particulars (INR mn) | Consolidated | FY21 | FY20 | ||||
| Assets | FY21 | FY20 | Equity | ||||
| Non-Current Assets | Equity share capital | 704.00 | 704.00 | ||||
| Property, plant and equipment | 819.69 | 876.19 | Other equity | 4875.53 | 4035.22 | ||
| Capital work-in-progress | 518.25 | 293.42 | Total -Equity | 5579.53 | 4739.22 | ||
| Leasehold Land | 70.82 | 71.57 | Non-current liabilities | ||||
| Other intangible assets | 2.05 | 12.21 | Financial liabilities | ||||
| Investment in Subs/ JVs, Associates | 143.57 | 112.07 | Borrowings | 43.19 | 33.91 | ||
| Financial assets | 1054.75 | 348.47 | Trade payables | 0.00 | 2.64 | ||
| Non-current tax assets (net) | 625.70 | 588.19 | Other financial liabilities | 7.28 | 5.70 | ||
| Deferred tax assets (net) | 2286.81 | 2296.96 | Provisions | 930.05 | 827.90 | ||
| Other non-current assets | 3.46 | 26.39 | Other non-current liabilities | 61.20 | 63.25 | ||
| Total Non-current assets | 5525.10 | 4625.47 | Total -Non-current liabilities | 1041.72 | 933.40 | ||
| Current assets | Current liabilities | ||||||
| Inventories | 51.61 | 70.00 | Financial liabilities | ||||
| Financial assets | Borrowings | 1500.74 | 2552.61 | ||||
| Trade receivables | 8896.64 | 14626.40 | Trade payables | 4308.14 | 6536.77 | ||
| Cash and cash equivalents | 7456.90 | 1879.43 | Other financial liabilities | 8953.84 | 6616.12 | ||
| Bank balances other than cash and cash | Other current liabilities | 620.85 | 221.77 | ||||
| equivalents | 140.22 | 452.47 | Provisions | 465.73 | 403.15 | ||
| Other financial assets | 252.81 | 231.91 | Liabilities classified as held for sale | 7.06 | 8.46 | ||
| Other current assets | 124.18 | 96.22 | Total -Current liabilities | 15856.36 | 16338.88 | ||
| Assets classified as held for sale | 30.15 | 29.60 | TOTAL -EQUITY AND LIABILITIES | 22477.61 | 22011.50 | ||
| Total -Current assets | 16952.51 | 17386.03 | MSTC Limited | 11 | |||
| TOTAL -ASSETS | 22477.61 | 22011.50 |
MSTC Limited
Thank You
- Subrata Sarkar
- +91-033-2281-3088
- www.mstcindia.co.in
