Black Rose Industries Limited · BSE:BLACKROSE
Black Rose Industries — Q1 FY2024 Earnings Presentation
16 slides from Black Rose Industries's earnings presentation, Aug 16, 2023
Slide 1: Q1 FY2023-24 Earnings Webinar
Q1 FY2023-24 EARNINGS WEBINAR August 16, 2023 BLACK ROSE INDUSTRIES LIMITED August 24, 2021
Slide 2: Disclaimer
Q1 FY2023-24 Q1 FY2023-24EARNINGS EARNINGS WEBINAR WEBINAR Disclaimer This presentation and the accompanying slides (the “Presentation”), which have been prepared by BLACK ROSE INDUSTRIES LIMITED (the “Company”), have been prepared solely for information purposes and do not constitute any offer, rec
Slide 3: Business presence of Black Rose
Q1 FY2023-24 EARNINGS WEBINAR Polyacrylamide Business presence solid - 10,000 MTPA of Black Rose Acrylamide liquid – (in R&D) N-methylol 32,000 MTPA acrylamide (NMA) - 2,000 Chemical (20,000 MTPA for merchant MTPA distribution sales and 12,000 MTPA for Chemical captive requirement) manufacturing Acr
Slide 4: Financials – Profit & Loss (Standalone & Consolidated)
Q1 FY2023-24 EARNINGS WEBINAR Financials – Profit & Loss (Standalone & Consolidated) INR. in millions STANDALONE CONSOLIDATED Particulars Q1 FY24 Q4 FY23 Change % Q1 FY24 Q4 FY23 Change % Revenue from operations 688.68 774.95 -11% 876.19 1,111.69 -21% EBITDA 61.41 35.33 74% 63.67 38.26 66% Depreciat
Slide 5: Financials – Balance Sheet (Standalone & Consolidated)
Q1 FY2023-24 EARNINGS WEBINAR Financials – Balance Sheet (Standalone & Consolidated) INR in millions All ratios on basis of Standalone figures STANDALONE CONSOLIDATED Return on Equity (%) Particulars Q1 FY24 Q4 FY23 Q1 FY24 Q4 FY23 20.00% Sources of Funds 12.4% Equity Share Capital 51.0 51.0 51.0 51
Slide 6: Financials – (Standalone)
Q1 FY2023-24 EARNINGS WEBINAR Financials – (Standalone) Total revenue and EBITDA INR in millions Highlights 800 150 781 R E E • QoQ EBITDA growth of 74% 100 B V 695 I E 700 T N U D • Sales growth in manufacturing 61 50 A E segment 35 600 - Q4 FY23 Q1 FY24 • Decrease in distribution revenue INR in cr
Slide 7: Financials – Revenue and geographic mix
Q1 FY2023-24 EARNINGS WEBINAR Financials – Revenue and geographic mix 1% 1% MANUFACTURING 25 32 % % DISTRIBUTION 74 67 % % OTHERS Q4 FY23 Q1 FY24 EXPORTS 44 45 % 56 55 % % % LOCAL Figures rounded off to closest unit percentage 7
Slide 8: Financials - Distribution
Q1 FY2023-24 EARNINGS WEBINAR Financials - Distribution Total distribution revenue and EBITDA INR in millions Highlights 800 100 • Distribution revenue down 20% QoQ 80 583 600 R 467 E • Subdued demand from US oil and gas E 60 V B sector I E 400 T N 40 D U E A • Strong support from principals 35 200
Slide 9: Financials - Manufacturing
Q1 FY2023-24 EARNINGS WEBINAR Financials - Manufacturing Total manufacturing revenue and EBITDA INR in millions Highlights 300 100 • Manufacturing revenue increased by 13% 80 QoQ 221 195 R 200 E 60 E • EU REACH registration assisted in export B V growth I E T N 40 D U 40 A • Chinese suppliers contin
Slide 10: Acrylonitrile – Acrylamide Price Trend
Q1 FY2023-24 EARNINGS WEBINAR Acrylonitrile – Acrylamide Price Trend 1,900 80 1,748 75 1,700 1,655 1,565 70 1,647 1,483 1,503 1,503 1,473 1,479 1,500 1,441 ACN Price USD/MT 1,408 1,405 65 1,497 1,505 1,475 1,472 1,453 1,426 1,374 60 1,300 1,371 1,205 1,296 55 1,223 1,100 1,069 50 900 45 July'22 Aug'
Slide 11: Outlook for the current quarter: Chemical distribution
Q1 FY2023-24 EARNINGS WEBINAR Outlook for the current quarter: Chemical distribution Supply constraints eased Improving domestic demand increasing prices Sales volumes and revenues to increase Merchant export volumes subdued 11
Slide 12: Outlook for the current quarter: Acrylamide liquid and solid
Q1 FY2023-24 EARNINGS WEBINAR Outlook for the current quarter: Acrylamide liquid and solid Raw material prices starting to move up Acrylamide prices to move up by end of quarter Chinese dumping of acrylamide powder continues Export sales strong Customer addition in international markets co
Slide 13: Outlook for the current quarter: PAM Liquid and NMA
Q1 FY2023-24 EARNINGS WEBINAR Outlook for the current quarter: PAM Liquid N-methylol acrylamide (NMA) Increase in demand for ceramic binders New order from foreign multinational Higher sales volumes in the on-going quarter Approval expected from key domestic customer Work on newer versions
Slide 14: Outlook for the current quarter: On-going and Upcoming Projects
Q1 FY2023-24 EARNINGS WEBINAR Outlook for the current quarter: On-going and Upcoming Projects Technology development of polyacrylamide solids work accelerated Target set for commercial launch of polyacrylamide solid plant in Q3 FY25 Advanced stage of discussion for specialty chemicals project
Slide 15: Manufacturing business Capacities and CAPEX
Q1 FY2023-24 EARNINGS WEBINAR Manufacturing business Capacities and CAPEX Product Capacity CAPEX in Rs. Incurred in Technology Further MTPA Crores* Rs. Crores* possibility MTPA Acrylamide (L) 20,000 + 41 MCI 60,000 12,000 Polyacrylamide (L) 40,000 4 In-house 40,000 NMA 2,000 <1 In-house - 58 Acrylam
Slide 16: Contact
Q1 FY2023-24 EARNINGS WEBINAR Contact Mr. Ambarish Daga Director, Joint CFO & Investor Relations Officer Head office 145/A, Mittal Towers Nariman Point, Mumbai 400 021, India Call / Fax +91-22-4333-7200 +91-22-2287-3022 (Fax) Mail to [email protected]
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