Praj Industries Limited · NSE:PRAJIND
Praj Industries — Q3 FY2023 Earnings Presentation
30 slides from Praj Industries's earnings presentation, Feb 4, 2023
Slide 1: Exchange filing cover letter
DATE: 03February, 2023 REF. : PIL/DVN/L-152/2022-23 Security Code No.: 522205 Company Code- PRAJIND BSE LIMITED NATIONAL STOCK EXCHANGE OF ; INDIA LTD. PHIROZE JEEJEEBHOY TOWERS, 25TH FLOOR, DALAL STREET, EXCHANGE PLAZA, 5TH FLOOR, MUMBAI - 400 001 PLOT NO. C/1, G BLOCK, Fax: 022- BANDRA-KURLA COMPL
Slide 2: Earnings Presentation – Q3/9M-FY23
Earnings Presentation – Q3/9M-FY23
Slide 3: Company at a Glance
Company at a Glance 2021 39 Years of Legacy Presence across 1300+ 90+ research 4 manufacturing 100+ countries employees scientists facilities 300+ 40%+ business from ~10% 1000++ 400 + patents repeat customers Global ethanol production References/plants overseas references market share* worldwide 3-Y
Slide 4: Company Overview
Company Overview Operational Revenue (INR Mn) • Incorporated in 1983 under the visionary leadership of technocrat 30,000 25.00% Dr. Pramod Chaudhuri. 25,164 25,000 23,333 20.00% • Praj Industries Ltd. (Praj) has grown to become one of the most reputed 20,000 and technologically advanced biotechnolog
Slide 5: Business Segments
Business Segments High Purity Solutions Water Systems Modular Process Systems Value Added Services Bio Energy 1G & 2G Ethanol plants Compresses Bio-Gas Future Fuel: SAF, Marine Biofuel, Bio Hydrogen etc. Engineering Businesses Critical process equipment & Skids Brewery and beverages Zero Liquid Disc
Slide 6: Global references across 100+ countries
1000++ References in 100+ countries across all 5 continents.. And Still counting Europe Asia Americas India Africa Praj Industries Limited 5
Slide 7: Q3/9M-FY23 Financial Overview
Q3/9M-FY23 Financial Overview
Slide 8: Q3/9M-FY23 Financial Highlights
Q3/9M-FY23 Financial Highlights Q3-FY23 Performance (Standalone) Q3-FY23 Performance (Consolidated) INR 8,053 Mn INR 764 Mn 9.49% INR 9,100 Mn INR 862 Mn 9.47% Operating Income Operating EBITDA EBITDA Margins Operating Income Operating EBITDA EBITDA Margins 55.6% YoY 60.8% YoY 31 Bps YoY 55.4% YoY 6
Slide 9: Quarterly Consolidated Financial Performance Trend
Quarterly Consolidated Financial Performance Trend Revenues (INR Mn) EBITDA (INR Mn) PAT (INR Mn) 10,000 1000 8,766 9,100 700 623 9,000 8,290 900 862 576 780 600 8,000 7,299 800 7,000 676 481 700 500 5,856 413 6,000 558 600 510 400 371 5,000 500 4,000 300 400 3,000 300 200 2,000 200 100 1,000 100 -
Slide 10: Consolidated Segmental Revenue
Consolidated Segmental Revenue Bio Energy (INR Mn) Engineering (INR Mn) HiPurity (INR Mn) 6,618 697 1,785 R E 4,485 V 873 499 E N U E Q3-FY22 Q3-FY23 Q3-FY22 Q3-FY23 Q3-FY22 Q3-FY23 Bio Energy (INR Mn) Engineering (INR Mn) HiPurity (INR Mn) 18,791 4,761 1,613 1,454 R E 11,166 V 2,423 E N U E 9M-FY22
Slide 11: Order Intake & Order Backlog
Order Intake & Order Backlog Order Intake (At the end of each quarter, Values in INR. Mn) Q3-FY23 Segmental Order Intake – INR 9,440 Mn Q3-FY23 Geographical Order Intake 12000 1.2 11,015 10,940 9,560 9,810 9,440 10000 1 HiPurity Engineering 8000 7,450 0.8 8% Export 10% 6,500 6,610 17% 6,050 6000 5,3
Slide 12: Q3/9M-FY23 Operational and Industry Highlights
Q3/9M-FY23 Operational and Industry Highlights Operational Highlights • Consistent performance with healthy growth in delivery volumes • 1G: Successfully commissioned Asia’s largest single train 510 KLPD syrup to ethanol plant • 2G: IOCL Panipat is in pre-commissioning stages and expected to start e
Slide 13: Key highlights
Key highlights Praj to set up a new manufacturing facility • Energy transition and climate action is emerging as a strong development agenda globally. • To address business opportunities arising out of this, Praj has decided to invest in a new manufacturing facility to be housed in a new subsidiary.
Slide 14: Key Points from Union Budget 2023 (1/2)
Key Points from Union Budget 2023 (1/2) GOBARdhan Scheme • 500 new ‘waste to wealth’ plants under GOBARdhan (Galvanizing Organic Bio-Agro Resources Dhan) scheme will be established for promoting circular economy. • These will include 200 compressed biogas (CBG) plants, including 75 plants in urban a
Slide 15: Key Points from Union Budget 2023 (2/2)
Key Points from Union Budget 2023 (2/2) Green Credit Program • For encouraging behavioural change, a Green Credit Programme will be notified under the Environment (Protection) Act. This will incentivize environmentally sustainable and responsive actions by companies, individuals and local bodies, an
Slide 16: Drivers for Ethanol demand Beyond E20
Drivers for Ethanol demand Beyond E20 Flex FlexFuel Fuel engines engines Ethanol blending E27 E27 in diesel Ethanol blending R&D suggests- Engines running on upto 27% in blend of ethanol in ethanol blend varying existing Petrol diesel upto 7.5% is from 20% up to 85% vehicles easily possible Hybrid v
Slide 17: Praj @ India Auto Expo
Praj @ India Auto Expo Praj Industries Limited 16
Slide 18: India Auto Expo 2023
India Auto Expo 2023 Different car and bike makers displayed vehicles running on Flex Fuel engines- Clear indication that auto industry is gearing up for ethanol adoption beyond EBP20 WagonR can run on Ethanol-petrol Toyota Corolla Altis flex fuel Bajaj Pulsar Ns160 flex fuel has 12L fuel tank capac
Slide 19: Quarterly Financial Performance - Standalone
Quarterly Financial Performance - Standalone Particulars (INR Mn) Q3-FY23 Q3-FY22 Y-o-Y Q2-FY23 Q-o-Q Operational Income 8,053 5,176 55.6% 7,942 1.4% Expenses 7,289 4,701 55.1% 7,322 (0.5)% EBITDA 764 475 60.8% 620 23.2% EBITDA Margins (%) 9.49% 9.18% 31 Bps 7.81% 168 Bps Other Income 73 344 (78.8)%
Slide 20: YTD Financial Performance - Standalone
YTD Financial Performance - Standalone Particulars (INR Mn) 9M-FY23 9M-FY22 Y-o-Y Operational Income 22,665 13,140 72.5% Expenses 20,728 11,996 72.8% EBITDA 1,937 1,144 69.3% EBITDA Margins (%) 8.55% 8.71% (16) Bps Other Income 378 448 (15.6)% Depreciation 183 140 30.7% Interest 18 14 28.6% PBT 2,11
Slide 21: Quarterly Financial Performance - Consolidated
Quarterly Financial Performance - Consolidated Particulars (INR Mn) Q3-FY23 Q3-FY22 Y-o-Y Q2-FY23 Q-o-Q Operational Income 9,100 5,856 55.4% 8,766 3.8% Expenses 8,238 5,346 54.1% 8,090 1.8% EBITDA 862 510 69.0% 676 27.5% EBITDA Margins (%) 9.47% 8.71% 76 Bps 7.71% 176 Bps Other Income 78 50 56.0% 62
Slide 22: YTD Financial Performance - Consolidated
YTD Financial Performance - Consolidated Particulars (INR Mn) 9M-FY23 9M-FY22 Y-o-Y Operational Income 25,164 15,043 67.3% Expenses 23,067 13,766 67.6% EBITDA 2,097 1,277 64.2% EBITDA Margins (%) 8.33% 8.49% (16) Bps Other Income 194 167 16.2% Depreciation 208 159 30.8% Interest 24 17 41.2% PBT 2,05
Slide 23: Historical Financial Overview
Historical Financial Overview
Slide 24: Historical Standalone Financial Performance
Historical Standalone Financial Performance Particulars (INR Mn) FY19 FY20 FY21 FY22 9M-FY23 Operational Income 9,233 9,419 10,885 20,532 22,665 Expenses 8,436 8,632 9,936 18,691 20,728 EBITDA 797 787 949 1,841 1,937 EBITDA Margins (%) 8.63% 8.35% 8.72% 8.97% 9.49% Other Income 219 299 232 517 73 De
Slide 25: Historical Standalone Balance Sheet
Historical Standalone Balance Sheet Particulars (INR Mn) FY21 FY22 H1-FY23 Particulars (INR Mn) FY21 FY22 H1-FY23 ASSETS EQUITY AND LIABILITIES Non-Current Assets Equity Property, Plant & Equipment 1,865 1,875 1,969 Share Capital 366 367 367 Capital Work in progress 4 14 48 Other Equity 7,404 8,697
Slide 26: Historical Consolidated Financial Performance
Historical Consolidated Financial Performance Particulars (INR Mn) FY19 FY20 FY21 FY22 9M-FY23 Operational Income 11,411 11,024 13,047 23,333 25,164 Total Expenses 10,527 10,205 11,923 21,274 23,067 EBITDA 884 819 1,124 2,059 2,097 EBITDA Margins (%) 7.75% 7.43% 8.62% 8.82% 8.33% Other Income 233 26
Slide 27: Historical Consolidated Balance Sheet
Historical Consolidated Balance Sheet Particulars (INR Mn) FY21 FY22 H1-FY23 Particulars (INR Mn) FY21 FY22 H1-FY23 ASSETS EQUITY AND LIABILITIES Non-Current Assets Equity Property, Plant & Equipment 2,064 2,085 2,165 Share Capital 366 367 367 Capital Work in progress 4 14 48 Other Equity 7,652 8,79
Slide 28: Consolidated Historical Financial Trend
Consolidated Historical Financial Trend Revenue (INR Mn) OPERATING EBITDA (INR Mn) PAT (INR Mn) 30,000 1.2 2,500 2,097 25.00%1,600 1,502 1,517 25,164 2,059 1,400 25,000 23,333 1 2,000 20.00% 1,200 20,000 0.8 1,000 1,500 15.00% 811 15,000 13,047 0.6 1,124 800 682 704 11,411 11,024 884 1,000 819 10.00
Slide 29: Capital Market Data
Capital Market Data 1-Year Stock Performance up to 31st December 2022 40% 30% 20% 10% 0% -10% -20% Jan-22 Feb-22 Mar-22 Apr-22 May-22 Jun-22 Jul-22 Aug-22 Sep-22 Oct-22 Nov-22 Dec-22 Praj Industries Sensex Shareholding Pattern (As on 31st December 2022) Dividend Pay out ratio (%) st PRICE DATA (As o
Slide 30: Disclaimer
Disclaimer Praj Industries Limited No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Such information and opinions are in all events