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Usha Martin Ltd. Interim / Quarterly Report 2022

Aug 6, 2021

60724_rns_2021-08-06_d41d79a6-c5a4-4a4f-b020-5ea3226f294e.pdf

Interim / Quarterly Report

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usha martin

Usha Martin Limited

2A, Shakespeare Sarani, Kolkata (formerly Calcutta) - 700 071, Indio Phone: (00 91 33) 71006300/599, Fox: (00 91 33) 2282 9029 , 71006400/500 CIN : L3 l 400WB l 986PLC09 l 62 l Website : www.ushamartin.com

Date: 6[th] August, 2021

The Secretary The Secretary Societe de la Bourse de National Stock Exchange of India Ltd BSE Limited Luxembourg Exchange Plaza, 5[th] Floor, Phiroze Jeejeebhoy Towers, 35A Bouleverd Joseph II Plot No.C/1, G Block, Dalal Street L-1840, Luxembourg Bandra Kurla Complex, Bandra (E) Mumbai – 400 001 [ Scrip Code: US9173002042 ] Mumbai – 400 051 [ Scrip Code: 517146 ] [ Scrip Code: USHAMART ]

Dear Sirs,

Sub : Investor Presentation

Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended), please find enclosed investor presentation of the Company on the unaudited Financial Results of the Company for the quarter ended 30[th] June, 2021.

The presentation is also being hosted on the website of the Company i.e. www.ushamartin.com.

You are requested to take the same on record.

Yours sincerely, For Usha Martin Limited

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Shampa Ghosh Ray Company Secretary

Encl: as above

STEEL WIRE ROPE | WIRE & STRAND | LRPC | PRE-STRESSING ACCESSORIES & SERVICES | ALLIED MACHINERY | TELECOM CABLE |

Q1 FY2021-22 Results Presentation

Contents

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1 Key Highlights
2 Operating Performance
3 Financial Performance
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Statements in this presentation describing the Company’s performance may be “forward looking statements” within the meaning of applicable securities laws and regulations. Actual results may differ materially from those directly or indirectly expressed, inferred or implied. Important factors that could make a difference to the Company’s operations include, among others, economic conditions affecting demand/supply and price conditions in the domestic and overseas markets in which the Company operates, changes in or due to the environment, Government regulations, laws, statutes, judicial pronouncements and/or other incidental factors

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Q1FY22 Earnings Presentation
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2

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1 Key Highlights

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Q1FY22 Earnings Presentation
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3

Key Highlights

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In Q1FY22, business was impacted by second wave of covid-19 pandemic. Overall market demand remained subdued due to lockdown and restriction on mobility

Health and safety of employees and partners remains key focus area for the company

90%+ employees in corporate office and plants vaccinated

Plants operating with strict COVID-19 protocols with contingency planning

Continued focus on value added products to generate maximum contribution at lesser volumes

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Q1FY22 Earnings Presentation
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4

Strong profitability despite covid-19 related disruptions

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EBITDA & Figures in INR Crs
Volumes (in ‘000 tons) Revenue PAT
EBITDA Margin (%)
Production Delivery
120 17%
16%
15%
100
13%
12%
80 11%
9%
60
7%
40 5%
3%
20
33 28 51 45 376 615 46 98 1%
0 -1% 9 58
Q1 FY21 Q1 FY22 Q1 FY21 Q1 FY22 Q1 FY21 Q1 FY22
Q1 FY21 Q1 FY22
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Volumes (in ‘000 tons) Revenue EBITDA & PAT
EBITDA Margin (%)
Production Delivery
70 16% 16%
60 14%
14%
12%
50
10%
40
8%
30
6%
20
4%
23 23 39 36 228 403 10 31 64 2% 8 35
0 0%
Q1 FY21 Q1 FY22 Q1 FY21 Q1 FY22 Q1 FY21 Q1 FY22 Q1 FY21 Q1 FY22
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EBITDA is adjusted for profit/(loss) from discontinued business

5

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2 Operating Performance

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Q1FY22 Earnings Presentation
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6

Quarterly Volumes – Consolidated

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Production Delivery Figures in ‘000 tons
R
o
p
23.8 17.9 22.5 20.3 14.4 22.0
e
Q1 FY22 Q1 FY21 Q4 FY21 Q1 FY22 Q1 FY21 Q4 FY21
W S
I T
R R
E A
10.4 6.7 16.1 N 9.7 6.3 13.8
& D
Q1 FY22 Q1 FY21 Q4 FY21 Q1 FY22 Q1 FY21 Q4 FY21
L
R
P
16.9 8.8 17.0 C 15.1 6.9 17.3
Q1 FY22 Q1 FY21 Q4 FY21 Q1 FY22 Q1 FY21 Q4 FY21
Deliveries are excluding Inter-Company deliveries
Q1FY22 Earnings Presentation 7
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Quarterly Volumes – Standalone

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Production Delivery Figures in ‘000 tons
R
o
p
15.4 10.5 14.5 14.1 12.0 15.0
e
Q1 FY22 Q1 FY21 Q4 FY21 Q1 FY22 Q1 FY21 Q4 FY21
W S
I T
R R
E A
6.6 4.0 12.2 N 7.1 4.2 11.5
& D
Q1 FY22 Q1 FY21 Q4 FY21 Q1 FY22 Q1 FY21 Q4 FY21
L
R
P
16.9 8.8 17.0 15.0 7.0 17.2
C
Q1 FY22 Q1 FY21 Q4 FY21 Q1 FY22 Q1 FY21 Q4 FY21
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8

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3 Financial Performance

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Q1FY22 Earnings Presentation
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9

PBT Bridge - Consolidated

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Figures in INR Crs

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PBT is adjusted for profit/(loss) from discontinued business

10

PBT Bridge - Standalone

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Figures in INR Crs
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PBT is adjusted for profit/(loss) from discontinued business

11

Profit and Loss Statement Summary (Consolidated)

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Figures in INR Crs
Profit and Loss Account Q1FY22 Q1FY21 Y-o-Y Change Q4FY21 Q-o-Q Change
Revenue from Operations 615.3 376.2 63.6% 652.9 -5.8%
EBITDA 97.7 45.5 114.7% 108.8 -10.1%
EBITDA Margin (%) 15.9% 12.1% 380bps 16.7% -80bps
Depreciation 17.5 16.8 4.6% 16.8 4.6%
Finance Costs 11.7 15.6 -25.1% 13.6 -13.7%
PBT 68.5 13.2 421.1% 78.4 -12.6%
PBT Margin (%) 11.1% 3.5% 760bps 12.0% -90bps
Current/Deferred Tax 12.3 4.5 174.2% 13.3 -7.3%
Share of profit /(loss) of joint ventures 1.9 0.1 - 2.8 -
Profit After Tax 58.1 8.7 565.2% 67.9 -14.5%
Basic EPS (in INR) 1.90 0.27 603.7% 2.23 -14.8%

EBITDA is adjusted for profit/(loss) from discontinued business EPS is not annualized

12

Profit and Loss Statement Summary (Standalone)

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Figures in INR Crs
Profit and Loss Account Q1FY22 Q1FY21 Y-o-Y Change Q4FY21 Q-o-Q Change
Revenue from Operations 402.7 227.9 76.7% 440.5 -8.6%
EBITDA 64.2 30.7 109.3% 70.4 -8.8%
EBITDA Margin (%) 15.9% 13.5% 240bps 16.0% -10bps
Depreciation 7.9 7.5 4.9% 7.5 4.9%
Finance Costs 8.9 12.1 -26.2% 10.9 -18.0%
PBT 47.4 11.1 327.7% 52.0 -8.9%
PBT Margin (%) 11.8% 4.9% 690bps 11.8% -
Current/Deferred Tax 12.9 2.9 350.0% 5.9 117.8%
Profit After Tax 34.5 8.2 320.0% 46.1 -25.1%
Basic EPS (in INR) 1.13 0.27 318.5% 1.51 -25.2%

EBITDA is adjusted for profit/(loss) from discontinued business EPS is not annualized

13

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Thank You

For Maximum Performance & Utmost Safety Rely On “USHA MARTIN PRODUCTS”

USHA MARTIN LIMITED

2A, Shakespeare Sarani, Kolkata – 700 071, India CIN: L31400WB1986PLC091621 Phone: 033 – 7100 6300 Fax: 033 – 7100 6415 Email: [email protected] Website: www.ushamartin.com

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