Kesar Petroproducts Ltd. · BSE:KESARPE

Kesar Petroproducts — Investor Presentation (February 2018)

28 slides from Kesar Petroproducts's investor presentation, February 2018

  1. Slide 1: Kesar Petroproducts Limited Investor Presentation – February 2018

    KESAR PETROPRODUCTS LIMITED Investor Presentation – February 2018

  2. Slide 2: Safe Harbor

    Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Kesar Petroproducts Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any s

  3. Slide 3: Business Overview

    Business Overview KESAR

  4. Slide 4: Strong Performance in 9M FY18

    Strong Performance in 9M FY18* In Rs. Crs Revenue EBITDA +3.4% +58.4% 126.1 130.4 31.4 19.8 9MFY17 9MFY18 9MFY17 9MFY18 EBIT PAT +60.3% +71.7% 31.1 24.9 19.4 14.5 9MFY17 9MFY18 9MFY17 9MFY18 * As per IND-AS 4

  5. Slide 5: Improved Performance

    Improved Performance % of Total Volume EBITDA Per MT (In Rs.) Alpha+Beta CPC Crude Blue +79.4% Dye Inetrmeidiates 62,529 15% 19% 34,857 69% 74% 17% 7% 9MFY17 9MFY18 9MFY17 9MFY18 5

  6. Slide 6: Increased Revenue from High Value Product

    Increased Revenue from High Value Product In Rs. Crs CPC CRUDE BLUE BETA BLUE ALPHA BLUE +10.50% +41.34% -4.25% 87.9 10.9 22.6 21.6 79.5 7.7 9MFY17 9MFY18 9MFY17 9MFY18 9MFY17 9MFY18 +12.33% +23.93% -19.09% 30.7 4.0 7.4 27.3 3.3 6.0 Q3FY17 Q3FY18 Q3FY17 Q3FY18 Q3FY17 Q3FY18 6

  7. Slide 7: Strong Performance in Q3 FY18

    Strong Performance in Q3 FY18* In Rs. Crs Revenue EBITDA +3.2% +83.9% 43.8 45.2 11.1 6.0 Q3FY17 Q3FY18 Q3FY17 Q3FY18 EBIT PAT +82.9% +122.9% 10.8 8.6 5.9 3.8 Q3FY17 Q3FY18 Q3FY17 Q3FY18 * As per IND-AS 7

  8. Slide 8: Kesar at Glance

    Kesar at Glance One of the Leading manufacturers of CPC Blue 01 Crude and its downstream products in India. 15% market share of the Indian CPC market 02 Vertically Integrated : CPC Blue is the primary raw material for Pigment Blue Moving up the Value chain with Alpha Blue, Beta 03 Blue and Dye-inter

  9. Slide 9: Product Portfolio

    Product Portfolio Kesar integrates services in a manner that aims to provide timely deliveries along with high quality product output Pigments Dye Intermediates Product Capacity (MTA) Product Capacity (MTA) CPC Blue Crude 18,000 Dye Intermediates 1,200 (Includes K-acid, Gamma Alpha Blue 2,400 acid a

  10. Slide 10: Pigment Value Chain

    Pigment Value Chain FY17 Sales Value Addition Alpha Blue Rs. 200/ kg 19% Raw Material : CPC Crude Blue & Sulphuric Acid CPC Crude Blue Beta Blue Rs. 140/ kg 7% Raw Material : CPC Crude Blue & Salt Rs. 80/ kg Raw Material 67% CPC Crude Blue Phthalic Anhydride & Cuprous Chloride 10

  11. Slide 11: Long Term Client Relationships

    Long Term Client Relationships 15 Years+ 15 Years+ 8 Years+ 8 Years+ 17 Years+ 8 Years+ 8 Years+ 2 Years+ 11

  12. Slide 12: Manufacturing Facilities

    Manufacturing Facilities Operational Efficiencies through Vertical Integration Focus on Process Innovation Located at Lote Parshuram, the Chemical Belt of Maharashtra 12

  13. Slide 13: Facilities at a glance

    Facilities at a glance Activated CPC Aminated Beta-Blue-15-3 Beta-CPC-15 CPC-Blue-15-0 CPC-Blue-15-1- CPC-Crude CPC-Crude2 CPC-Crude4 Nitrated-N RM Sulphonated-N 13

  14. Slide 14: End Users Application

    End Users Application Inks Rubber 35% 5% Plastic 30% Paints Textiles 15% 15% % of FY 17 Revenues 14

  15. Slide 15: We are Future Ready

    We are Future Ready KESAR _—<_- — BIG THINKING PRECEDES GREAT ACHIEVEMENT

  16. Slide 16: Global Trend in Dyes & Pigment

    Global Trend in Dyes & Pigment Global Demand for Dyes & Outlook : Global Dyes & Pigments Organic Pigment • Growth in Dyes segment will be driven by textiles, leather +17% and food 3.7 • Pigments market is expected to be propelled by printing ink, 3.1 paints and coatings • China and India account for

  17. Slide 17: Domestic Dyes & Pigment Industry

    Domestic Dyes & Pigment Industry Domestic Demand for Pigment Outlook : Global Dyes & Pigments Industry • The Organic Dye and Pigments Industry is estimated at ~$3- +30% 3.2bn as of 2015-16 57.0 • Dyes : The demand has grown at a healthy pace of 6-7% 44.0 over the last 5 years driven by textile indus

  18. Slide 18: Huge Headroom for Growth

    Huge Headroom for Growth Percentage Utilization 32% 37% 10% 39% 20000 18,000 18000 16000 No Major Capex in Near 14000 Future 12000 10000 8000 5,805 6000 Increase in volumes will 3,600 4000 lead to Operating Leverage 2,400 and Better Profitability 2000 890 1,200 365 473 0 CPC Crude Blue Alpha Blue Be

  19. Slide 19: Moving up the Value Chain with…

    Moving up the Value Chain with… REVENUE FY15 : Rs. 112 Crs REVENUE FY17 : Rs. 171 Crs 3% 8% 20% CPC Crude Blue CPC Crude Blue 25% Alpha Blue + Beta Alpha Blue Blue Dye Dye 67% 77% Intermediates Intermediates Increasing contribution from High Value High Margin Products like Alpha Blue and Beta Blue h

  20. Slide 20: …significant growth in High Value Product

    …significant growth in High Value Product In Rs. Crs CPC CRUDE BLUE ALPHA BLUE 15.2% 114.6 19.4% 31.9 99.3 86.4 87.9 22.4 23.2 21.6 FY15 FY16 FY17 9MFY18 FY15 FY16 FY17 9MFY18 BETA BLUE DYE INTERMEDIATES 11.4 10.9 12.7 +103.30% 694.8% 9.9 5.0 2.4 3.1 0.2 FY15 FY16 FY17 9MFY18 FY15 FY16 FY17 9MFY18 2

  21. Slide 21: Future Ready

    Future Ready 01 Economies of Scale 02 High Margin Products 03 Product Innovation Geared to improve utilization Focus on increasing the mix Continuous Product levels resulting in better of high value products like Innovation through use of operating leverage Alpha Blue & Beta Blue Technology and by w

  22. Slide 22: Financial Performance

    Financial Performance Financial Performance 22

  23. Slide 23: Historical Financial Highlights

    Historical Financial Highlights In Rs. Crs Volume (MT) Revenue +39.2% 7,502 +23.4% 171 130 130 4,851 5,017 112 3,870 FY15 FY16 FY17 9MFY18 FY15 FY16 FY17 9MFY18* EBITDA EBITDA (per MT) 31 62,529 26 +90.2% +36.6% 15 31,929 35,014 18,762 7 FY15 FY16 FY17 9MFY18* FY15 FY16 FY17 9MFY18 * As per IND-AS 2

  24. Slide 24: Ratio Analysis

    Ratio Analysis ROE (%) ROCE (%) 30.6% 36.5% 22.8% 27.9% 18.4% 19.8% 11.3% 12.7% Mar-15 Mar-16 Mar-17 Sep-17* Mar-15 Mar-16 Mar-17 Sep-17* ROA (%) Debt/Equity (x) 20.6% 0.16 0.14 15.8% 12.6% 5.7% 0.05 0.04 Mar-15 Mar-16 Mar-17 Sep-17* Mar-15 Mar-16 Mar-17 Sep-17 * EBIT & PAT are annualised for H1FY18

  25. Slide 25: Profit & Loss Statement

    Profit & Loss Statement* Particulars (Rs. Crs) Q3FY18 Q3FY17 Y-o-Y Q2 FY18 Q-o-Q 9MFY18 9MFY17 Y-o-Y Revenue from Operations 45.2 43.8 3.1% 42.6 6.0% 130.4 126.1 3.4% Raw Material Cost 28.1 29.7 26.5 81.6 84.3 Value Addition^ 17.1 14.2 16.1 48.8 41.8 Value Addition (%) 37.9% 32.3% 37.8% 37.4% 33.1%

  26. Slide 26: Historical Profit & Loss Statement

    Historical Profit & Loss Statement Particulars (Rs. Crores) FY17* FY16 FY15 FY14 FY13 Revenue from Operations 173.0 144.0 145.8 153.3 44.4 Raw Material 116.7 108.1 120.2 137.6 42.8 Value Addition^ 56.3 35.9 25.6 15.7 1.6 Value Addition % 32.6% 24.9% 17.6% 10.2% 3.5% Employee Expenses 1.3 1.4 4.2 3.2

  27. Slide 27: Balance Sheet

    Balance Sheet Particulars (Rs. Crs.) 30-Sep-17 31-Mar-17 Particulars (Rs. Crs.) 30-Sep-17 31-Mar-17 EQUITY AND LIABILITIES ASSETS EQUITY 106.6 88.2 Non-current assets 54.1 39.6 Equity Share Capital 9.7 9.7 Property, Plant and Equipment 41.8 39.5 Other Equity 97.0 78.6 Capital work-in-progress 12.1 0

  28. Slide 28: For further information, please contact

    For further information, please contact: Company : Investor Relations Advisors : Kesar Petroproducts Limited Strategic Growth Advisors Pvt. Ltd. CIN: L23209PN1990PLC054829 CIN: U74140MH2010PTC204285 Ms. Jayashree Jayadevan Ms. Neha Shroff / Ms. Ami Parekh [email protected] neha.shroff@

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