Usha Martin : Earnings Presentation – Q4 FY 22-23

Specialty Wire Rope Solutions Provider

Q4 & FY23 Earnings Presentation

April 27, 2023

Disclaimer

This presentation and the accompanying slides (the "Presentation"), which have been prepared by Usha Martin Ltd. (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 whatsoever. 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 contains certain forward looking statements concerning the Company's future business prospects and business profitability. Such forward-looking statements are not guarantees of future performance and are subject to a number of risks and uncertainties that are difficult to predict. These risks and uncertainties include, but are not limited to, the Company's ability to manage growth, the fluctuations in earnings, competition (both domestic and international), economic growth in India and abroad, ability to attract and retain highly skilled professionals, time and cost over runs on contracts, the Company's ability to manage its international operations, Government policies and actions regulations, interest and other fiscal costs generally prevailing in the economy. The Company does not undertake to make any announcement in case any of these forward looking statements become materially incorrect in future or update any forward looking statements made from time to time by or on behalf of the Company.

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Company Overview

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Leading global and India's no.1 specialty steel wire rope solutions provider

Offering wide range of:

• Specialty wire ropes
• High-qualitywires
• Low relaxation prestressed concrete steel strand (LRPC)
• Bespoke end-fitments, accessories and related services

Rich Legacy Of

~60 years

Presence across

6

Continents

~3,100

Worldwide Employees

21.2%

Consolidated ROCE

6

Manufacturing

Facilities

30+

Distribution

Centers

Rs. 3,268 crore

Consolidated Revenue

Rs. 351crore

Consolidated PAT

Note: As on 31st March 2023	4

We are undergoing a strategic transformation and are poised for growth

Turnaround

Consolidation

Growth

• Divestment of steel business resulting in:
• • Sharp deleveraging
  • Reshaped balance sheet

Net debt to equity improved to 0.4x in FY20 from 4.3x in FY19

	•	Value accretive capex
• Renewed focus on specialty	•	Enhance specialty offerings
wire rope business		across industry segments
• Strategic initiatives to	•	Increase geographical spread in
consolidate leadership		strategic markets
	•	Drive sustainable growth
Significant earnings		Target to achieve topline CAGR
turnaround:		of ~15% & Operating EBITDA
PBT improved to		margins ~18% over the next 2-
Rs. 346 crore in FY22		3 years
from Rs. 149 crore2 in FY20

Note 1:	All figures mentioned in the slide are consolidated financials
Note 2:	PBT from continuing operations	5