Praj Industries Limited · NSE:PRAJIND
Praj Industries — Q2/H1 FY24 Earnings Presentation
24 slides from Praj Industries's earnings presentation, Nov 1, 2023
Slide 1: Exchange filing cover letter for results presentation
DATE: 01st November, 2023 REF. : PIL/DVN/L 109/2023-24 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 COMP
Slide 2: Earnings Presentation – Q2/H1-FY24
Earnings Presentation – Q2/H1-FY24
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 locations 400+ 40%+ business from ~10% 1000++ 400 + patents repeat customers Global ethanol production References/plants overseas references market share* worldwide 3-Ye
Slide 4: Company Overview
Company Overview Operational Revenue (INR Mn) • Incorporated in 1983 under the visionary leadership of technocrat 40,000 25.00% Dr. Pramod Chaudhuri. 35,280 35,000 20.00% • Praj Industries Ltd. (Praj) has grown to become one of the most reputed 30,000 23,433 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: 1000++ References in 100+ countries across all continents
1000++ References in 100+ countries across all 5 continents.. And Still counting Europe Asia Americas India Africa Praj Industries Limited 5
Slide 7: Q2/H1-FY24 Financial Overview
Q2/H1-FY24 Financial Overview
Slide 8: Q2/H1-FY24 Financial Highlights
Q2/H1-FY24 Financial Highlights Q2-FY24 Performance (Standalone) Q2-FY24 Performance (Consolidated) INR 7,833 Mn INR 791 Mn 10.10% INR 8,824 Mn INR 840 Mn 9.52% Operating Income Operating EBITDA EBITDA Margins Operating Income Operating EBITDA EBITDA Margins (1.9)% YoY 27.6% YoY 233 Bps YoY 0.2% YoY
Slide 9: Quarterly Financial Performance Trend (Consolidated)
Quarterly Financial Performance Trend (Consolidated) Revenues (INR Mn) EBITDA (INR Mn) PAT (INR Mn) 12,000 1200 1000 1,083 881 10,040 900 10,000 8,806 9,115 8,824 1000 861 840 800 8,000 7,367 800 755 700 623 624 676 587 600 6,000 481 600 500 400 4,000 400 300 2,000 200 200 100 - 0 0 Q2-FY23 Q3-FY23
Slide 10: Segmental Revenue (Consolidated)
Segmental Revenue (Consolidated) Bio Energy (INR Mn) Engineering (INR Mn) HiPurity (INR Mn) 6,980 R 1,713 E 1,280 V 6,591 560 E 502 N U E Q2-FY23 Q2-FY24 Q2-FY23 Q2-FY24 Q2-FY23 Q2-FY24 Bio Energy (INR MN) Engineering (INR MN) HiPurity (INR MN) 12,857 2,975 R E 2,278 1,051 916 V 12,223 E N U E H1-FY
Slide 11: Order Intake & Order Backlog
Order Intake & Order Backlog Order Intake (At the end of each quarter, Values in INR. Mn) Q2-FY24 Segmental Order Intake – INR 10,630 Mn Q2-FY24 Geographical Order Intake 11500 1.2 11,010 11000 1 10,630 10500 10,380 0.8 Engineering 22% 10000 9,810 0.6 Export 29% 9,440 9500 0.4 HiPurity 10% 9000 0.2
Slide 12: Q2-FY24 Operational and Industry Highlights
Q2-FY24 Operational and Industry Highlights • Consistent order book with strong pipeline • PBT increased by 29% as compared to Q2 of previous year • Share of International orders in overall OB for the quarter: 29% • The launch of Global BioFuels Alliance (GBA) at G20 summit in September 2023; a very
Slide 13: Quarterly Financial Performance - Standalone
Quarterly Financial Performance - Standalone Particulars (INR Mn) Q2-FY24 Q2-FY23 Y-o-Y Q1-FY24 Q-o-Q Operational Income 7,833 7,982 (1.9)% 6,499 20.5% Expenses 7,042 7,362 (4.3)% 5,869 20.0% EBITDA 791 620 27.6% 630 25.6% EBITDA Margins (%) 10.10% 7.77% 233 Bps 9.69% 41 Bps Other Income 353 263 34.
Slide 14: Half Yearly Financial Performance - Standalone
Half Yearly Financial Performance - Standalone Particulars (INR Mn) H1-FY24 H1-FY23 Y-o-Y Operational Income 14,332 14,673 (2.3)% Expenses 12,912 13,500 (4.4)% EBITDA 1,420 1,173 21.1% EBITDA Margins (%) 9.91% 7.99% 192 Bps Other Income 465 305 52.5% Depreciation 162 119 36.1% Interest 19 12 58.3% P
Slide 15: Quarterly Financial Performance - Consolidated
Quarterly Financial Performance - Consolidated Particulars (INR Mn) Q2-FY24 Q2-FY23 Y-o-Y Q1-FY24 Q-o-Q Operational Income 8,824 8,806 0.2% 7,367 19.8% Expenses 7,984 8,130 (1.8%) 6,612 20.8% EBITDA 840 676 24.3% 755 11.3% EBITDA Margins (%) 9.52% 7.68% 184 Bps 10.25% (73) Bps Other Income 109 62 75
Slide 16: Half Yearly Financial Performance - Consolidated
Half Yearly Financial Performance - Consolidated Particulars (INR Mn) H1-FY24 H1-FY23 Y-o-Y Operational Income 16,191 16,126 0.4% Expenses 14,596 14,890 (2.0)% EBITDA 1,595 1,236 29.0% EBITDA Margins (%) 9.85% 7.66% 219 Bps Other Income 230 116 98.3% Depreciation 179 136 31.6% Interest 21 16 31.3% P
Slide 17: Historical Financial Overview
Historical Financial Overview
Slide 18: Historical Standalone Financial Performance
Historical Standalone Financial Performance Particulars (INR Mn) FY20 FY21 FY22 FY23 H1-FY24 Operational Income 9,419 10,885 20,623 31,526 14,332 Expenses 8,632 9,936 18,782 28,629 12,912 EBITDA 787 949 1,841 2,897 1,420 EBITDA Margins (%) 8.35% 8.72% 8.93% 9.19% 9.91% Other Income 299 232 517 506 4
Slide 19: Historical Standalone Balance Sheet
Historical Standalone Balance Sheet Particulars (INR Mn) FY22 FY23 H1-FY24 Particulars (INR Mn) FY22 FY23 H1-FY24 ASSETS EQUITY AND LIABILITIES Non-Current Assets Equity Property, Plant & Equipment 1,875 2,174 2,095 Share Capital 367 367 367 Capital Work in progress 14 66 249 Other Equity 8,697 10,2
Slide 20: Historical Consolidated Financial Performance
Historical Consolidated Financial Performance Particulars (INR Mn) FY20 FY21 FY22 FY23 H1-FY24 Operational Income 11,024 13,047 23,433 35,280 16,191 Total Expenses 10,205 11,923 21,374 32,101 14,596 EBITDA 819 1,124 2,059 3,179 1,595 EBITDA Margins (%) 7.43% 8.62% 8.79% 9.01% 9.85% Other Income 261
Slide 21: Historical Consolidated Balance Sheet
Historical Consolidated Balance Sheet Particulars (INR Mn) FY22 FY23 H1-FY24 Particulars (INR Mn) FY22 FY23 H1-FY24 ASSETS EQUITY AND LIABILITIES Non-Current Assets Equity Property, Plant & Equipment 2,085 2,366 2,285 Share Capital 367 367 367 Capital Work in progress 14 69 246 Other Equity 8,790 10
Slide 22: Consolidated Historical Financial Trend
Consolidated Historical Financial Trend Revenue (INR Mn) OPERATING EBITDA (INR Mn) PAT (INR Mn) 40,000 35,280 1.2 3,500 3,179 25.00%3,000 35,000 1 3,000 2,500 2,398 20.00% 30,000 2,500 25,000 23,433 0.8 2,059 2,000 15.00% 2,000 1,502 20,000 0.6 1,595 1,500 16,191 1,210 1,500 15,000 13,047 1,124 10.0
Slide 23: Capital Market Data
Capital Market Data 1-Year Stock Performance up to 30th September 2023 50.00% 40.00% 30.00% 20.00% 10.00% 0.00% -10.00% -20.00% -30.00% Oct-22 Nov-22 Dec-22 Jan-23 Feb-23 Mar-23 Apr-23 May-23 Jun-23 Jul-23 Aug-23 Sep-23 Praj Industries Sensex Shareholding Pattern (As on 30th September 2023) Dividend
Slide 24: 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