I V E N T U R E S J ONMLKJIHGFEDCBA M A X & ~ IN D U S T R IE S ~ Decem ber 04, 2018 Listing Department Listing Department BSE Limited National Stock Exchange of India Limited Floor 25, P.J. Towers Exchange Plaza, Bandra Kurla Complex, Dalal Street Bandra (East) Mumbai - 400 001 Mumbai - 400051 S c rip C o d e : 5 3 9 9 4 0 N a m e o f S c rip : M A X V IL S u b .: In v e s to r P re s e n ta tio n Dear Madam/ Sir, Further to our letter dated November 27, 2018 and in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure requirements) Regulations, 2015, please note that the Investor Presentation issued on November 27, 2018 had a typo error on Slide no. 5. Please find attached the revised presentation and take note of the same for the benefit of your members and the public at large. Thanking you, Yours faithfully For M a x V e n tu re s a n d lndustri ~\ ~' JJ::~~ l f(~ G O p a la k ri' R a m a c h a n ~nan C .rt,Jt'Zt -::r C o m p a n y ~ecretary Encl: As above Max Ventures and Industries Limited (Formerly Capricorn Ventures Limited) Max House, A-81, Sector 2, Noida 201 301, Uttar Pradesh, India I P +91120 4743222 Regd. Office: 419, Bhai Mohan Singh Nagar, Village Railmajra, Tehsil Balachaur, Dist. S.B.S.Nagar (Nawanshahr), Punjab 144 533, India www.maxvil.com CIN: L 85100PB2015PLC039204
Max Ventures & Industries Limited Investor Presentation November 2018
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Max Ventures and Industries 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. This presentation contains certain forward looking statements concerning the Company’s future business prospects and business profitability, which are subject to a number of risks and uncertainties and the actual results could materially differ from those in such forward looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in earnings, our ability to manage growth, 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, our ability to manage our 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. 2
Q2FY19 Highlights
Improving Run-Rate +47.1% +71.4% 2,675 66 1,818 38 Q1FY19 Q2FY19 Q1FY19 Q2FY19 Q2FY19 Consolidated Revenue EBITDA* Financial Highlights Revenue from Films Business Revenue from Real Estate +47.5% +48.2% 2,449 221 1,660 149 Q1FY19 Q2FY19 Q1FY19 Q2FY19 All Figures in Rs. Mn. *EBITDA excludes other income 4
Business Updates +32.4% Key Highlights ▪ 15,600 Increased volumes by 32% on account of better utilization of newly inaugurated BOPP Line 5 11,782 ▪ Improving Capacity Utilization will bring in Benefits from Economies of Scale ▪ With focus on Value-Added Products, Max aims to stay ahead of the competition ▪ Pressure on margins due to volatility in crude prices and Q1FY19 Q2FY19 excess supply Volumes (Tonnes) Max Towers Expected Construction completion and Lease Commencement of Towers by Q4FY19 50,000 Sq. Ft. already leased to a premium Co-Working Company LOI signed with 4 F&B partners Max House Commercial Development has started and is expected to be completed in next 24-30 Months Rajpur Villas Out of 22 Villas, 11 have been sold 5
Consolidated Profit and Loss Statement Particulars (In Rs. Mn) Q2FY19 Q1FY19 Q-o-Q (%) H1FY19 H1FY18 Y-o-Y (%) Net Sales* 2,675 1,818 47% 4,494 3,439 31% Raw Material 2,178 1,417 3,595 2,452 Gross Profit 497 401 24% 898 987 -9% Employee benefit expense 94 98 193 207 Other expenses 337 264 602 583 EBITDA 66 38 71% 104 197 -47% EBITDA Margin 2.5% 2.1% 2.3% 5.7% Depreciation 81 60 141 113 Other Income 57 30 87 58 EBIT 42 8 418% 50 142 -65% Finance Cost 104 64 168 123 PBT -62 -56 -118 19 Tax -16 23 6 42 Profit after tax -46 -78 - -125 -23 - *Net Sales is net of Excise Duty 6 As per Ind-AS
Consolidated Balance Sheet Assets (in Rs. Mn) Sep-18 Mar-18 Liabilities (in Rs. Mn) Sep-18 Mar-18 Total Non Current Assets 6,843 6,642 Equity 9,674 5,377 Property, Plant and Equipment 5,409 3,045 Equity Share Capital 1,464 726 Capital Work in Progress 172 2,336 Goodwill 17 17 Other Equity 6,999 3,424 Other Intangible Assets 28 30 Non-Controlling Interest 1,210 1,226 Intangible Assets under Development 21 21 Financial Assets Total Non Current Liabilities 2,861 2,383 (i) Investmerts 905 903 Financial Liabilities (ii) Loans 69 46 (iii) Other Non-Current Financial Assets 32 75 (i) Borrowings 2,593 2,012 (iv) Other bank balances 0 0 (ii) Trade Payables 50 139 Deferred Tax Assets (net) 38 17 Non-Current Tax Assets 26 28 Provisions 50 51 Other Non-Current Assets 126 125 Deferred Tax Liabilities (net) 27 28 Total Current Assets 12,149 9,288 Inventories 8,032 6,972 Government Grants 140 152 Financial Assets Total Current Liabilities 6,482 8,184 (i) Investments 88 573 (ii) Trade Receivables 1,587 1,094 Financial Liabilities (iii) Loans 22 6 (i) Borrowings 2,710 4,316 (iv) Cash and Cash Equivalents 1,688 63 (ii) Trade Payables 1,825 1,644 (v) Other Bank Balances - 0 (vi) Derivative Instruments 35 5 (iii) Other Financial Liabilities 473 725 (vii) Other Current Financial Assets 15 64 Provisions 34 30 Other Current Assets 683 510 Other Current Liabilities 1,441 1,469 Asset Held for Sale 25 13 Total Equity and Liabilities 19,017 15,943 Total Assets 19,017 15,943 7
About MVIL
A start- up within the umbrella of the “ Max Group” ▪ MVIL was setup to explore the “Wider World of business” ▪ Setup with the legacy Packaging business – Max Speciality Films. ▪ - Aspire to bring trust and credibility with the brand of ”Max” to Real Estate 9
through Real Estate and Speciality Films Business ▪ Creating a portfolio of ‘landmark addresses’ in NCR ▪ Offering high definition, cutting edge innovative and North India for Emerging India products to fulfil the aspirations of Emerging India Project Revenue Revenue Revenue Model Size Sq. Ft based area Model Max Tower Capacity – FY18 46.35 KTPA Commercial 615,909 497,498 Lease Noida NCR* Leased 50,643 Sq. Ft. to a Co-Working Company # Utilization 97 % Max House Commercial 110,074 110,074 Lease Revenue Rs. 682.4 Cr Okhla NCR Total Units Sale Value Rs. 22.1 Cr EBIT^ Units Sold 222 Rajpur Residential 22 11 Rs. 43.53 Cr 80.85 KTPA Capacity – FY19 Dehradun ▪ ▪ Industry leader in Packaging backed by Japanese Clear focus on Commercial Real Estate as a future growth driver Strategic Partner Toppan Group *Note: Balance 118,411 Sq.Ft sold to Max India and Max Life 10 # Lease likely to commence from Q4 FY19
Evolution in last 2 years… 2016 2016 2018 2017 2017 Listing on BSE Launch of 222 Acquisition of Max Toppan Group brought Total capacity expands and the NSE Rajpur, premium Towers, premium on board as a JV Partner to 80.85 KTPA making residential project commercial space to support the expansion MSFL the 3rd largest in in Dehradun development at heart of BOPP business India of Noida from BPPL 2016 2018 2016 2016 2017 2017 De-merger Max India- Rights issue of Rs.450 Extrusion capacity Investment in Azure Preferential Completion of 222 Max Financial Crores successfully risen to 45000 KSM. Hospitality ~11.17% allotment to New Rajpur project with Services Limited, Max completed with York Life - ~23% in The overall BOPP (subsequently pre-completion 50% India Limited and Max oversubscription from Max Ventures capacity stands at increased to ~18.87%) sale of inventory Ventures and New Anchor investors 46.35 KTPA Industries Limited Stake sale in Nykaa with 100% return … Still a start-up with Max Brand with significant accomplishments within a short span of 2 years.. 11
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