Praj Industries Limited · NSE:PRAJIND
Praj Industries — Q4 FY23 Earnings Presentation
27 slides from Praj Industries's earnings presentation, May 26, 2023
Slide 1: Exchange filing cover letter for results presentation
DATE: z5th May, 2023 REF. : PIL/DVN/L026/2023-24 Security Code No.: 522205 Company Code- PRAJIND BSE LIMITED NATIONAL STOCK EXCHANGE OF INDIA LTD. PHIROZE JEEJEEBHOY TOWERS, 25TH FLOOR, DALAL STREET, EXCHANGE PLAZA, STH FLOOR, MUMBAI - 400 001 PLOT NO. C/1, G BLOCK, Fax: 022- BANDRA-KURLA COMPLEX, 2
Slide 2: Earnings Presentation – Q4-FY23/FY23
pr~ Innovate • Integrate • Deliver Earnings Presentation – Q4-FY23/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 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
1000++ References in 100+ countries across all 5 continents.. And Still counting Europe Asia Americas India Africa Praj Industries Limited 5
Slide 7: Q4-FY23/FY23 Financial Overview
Q4-FY23/FY23 Financial Overview
Slide 8: Q4-FY23/FY23 Financial Highlights
Q4-FY23/FY23 Financial Highlights Q4-FY23 Performance (Standalone) Q4-FY23 Performance (Consolidated) INR 8,787 Mn INR 959 Mn 10.91% INR 10,040 Mn INR 1,083 Mn 10.79% Operating Income Operating EBITDA EBITDA Margins Operating Income Operating EBITDA EBITDA Margins 18.6% YoY 37.4% YoY 149 Bps YoY 20.
Slide 9: Quarterly Consolidated Financial Performance Trend
Quarterly Consolidated Financial Performance Trend 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 1000 8,310 861 800 8,000 7,320 780 700 623 800 676 577 600 6,000 558 481 600 500 413 400 4,000 400 300 2,000 200 200 100 - 0 0 Q4-FY22 Q1-FY23 Q2
Slide 10: Consolidated Segmental Revenue
Consolidated Segmental Revenue Bio Energy (INR Mn) Engineering (INR Mn) HiPurity (INR Mn) 7,170 2,244 2,062 808 R 5,463 E V 603 E N U E Q4-FY22 Q4-FY23 Q4-FY22 Q4-FY23 Q4-FY22 Q4-FY23 Bio Energy (INR Mn) Engineering (INR Mn) HiPurity (INR Mn) 2,420 26,040 6,820 R 2,063 E 16,702 4,667 V E N U E FY22
Slide 11: Order Intake & Order Backlog
Order Intake & Order Backlog Order Intake (At the end of each quarter, Values in INR. Mn) Q4-FY23 Segmental Order Intake – INR 10,380 Mn Q4-FY23 Geographical Order Intake 12000 1.2 11,015 10,940 10,380 9,560 9,810 9,440 10000 1 HiPurity Engineering 8000 7,450 0.8 8% 10% 6,500 6,610 Export 6,050 6000
Slide 12: Q4-FY23/FY23 Operational and Industry Highlights
Q4-FY23/FY23 Operational and Industry Highlights Operational Highlights • Consistent performance with healthy growth in delivery volumes • International OB for the year up by 9% over previous year • Improvement in share of engineering as well as international order in overall order pie. • 1G: Strong
Slide 13: SAF Test Flight- 19th May
SAF Test Flight- 19th May Making history, Praj, AirAsia India and IOCL join hands to fly the first commercial flight in India powered by a blend of ‘indigenous’ Sustainable Aviation Fuel (SAF) AirAsia India flight departed from Pune to New Delhi using a blend of indigenous SAF supplied by IOCL in pa
Slide 14: Dr. Pramod Chaudhari conferred with Eminent Engineer Award 2022
Dr. Pramod Chaudhari conferred with the Prestigious Eminent Engineer Award 2022 4 pra1_ tionol Conferenc Role o Engine r "n Ace lerating Economic Growth Eminen 8,2023 Praj Industries Limited 13 }-
Slide 15: 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 16: Quarterly Financial Performance - Standalone
Quarterly Financial Performance - Standalone Particulars (INR Mn) Q4-FY23 Q4-FY22 Y-o-Y Q3-FY23 Q-o-Q Operational Income 8,787 7,410 18.6% 8,066 8.9% Expenses 7,828 6,712 16.6% 7,301 7.2% EBITDA 959 698 37.4% 765 25.4% EBITDA Margins (%) 10.91% 9.42% 149 Bps 9.48% 143 Bps Other Income 128 69 85.5% 7
Slide 17: Annual Financial Performance - Standalone
Annual Financial Performance - Standalone Particulars (INR Mn) FY23 FY22 Y-o-Y Operational Income 31,526 20,623 52.9% Expenses 28,629 18,782 52.4% EBITDA 2,897 1,841 57.4% EBITDA Margins (%) 9.19% 8.93% 26 Bps Other Income 506 517 (2.1)% Depreciation 269 198 35.9% Interest 42 21 NA PBT 3,092 2,139 4
Slide 18: Quarterly Financial Performance - Consolidated
Quarterly Financial Performance - Consolidated Particulars (INR Mn) Q4-FY23 Q4-FY22 Y-o-Y Q3-FY23 Q-o-Q Operational Income 10,040 8,310 20.8% 9,115 10.1% Expenses 8,957 7,530 19.0% 8,254 8.5% EBITDA 1,083 780 38.8% 861 25.8% EBITDA Margins (%) 10.79% 9.39% 140 Bps 9.45% 134 Bps Other Income 162 75 N
Slide 19: Annual Financial Performance - Consolidated
Annual Financial Performance - Consolidated Particulars (INR Mn) FY23 FY22 Y-o-Y Operational Income 35,280 23,433 50.6% Expenses 32,101 21,374 50.2% EBITDA 3,179 2,059 54.4% EBITDA Margins (%) 9.01% 8.79% 22 Bps Other Income 356 241 47.7% Depreciation 302 226 33.6% Interest 46 25 84.0% PBT 3,187 2,0
Slide 20: Historical Financial Overview
Historical Financial Overview
Slide 21: Historical Standalone Financial Performance
Historical Standalone Financial Performance Particulars (INR Mn) FY19 FY20 FY21 FY22 FY23 Operational Income 9,233 9,419 10,885 20,623 31,526 Expenses 8,436 8,632 9,936 18,782 28,629 EBITDA 797 787 949 1,841 2,897 EBITDA Margins (%) 8.63% 8.35% 8.72% 8.93% 9.19% Other Income 219 299 232 517 506 Depr
Slide 22: Historical Standalone Balance Sheet
Historical Standalone Balance Sheet Particulars (INR Mn) FY21 FY22 FY23 Particulars (INR Mn) FY21 FY22 FY23 ASSETS EQUITY AND LIABILITIES Non-Current Assets Equity Property, Plant & Equipment 1,865 1,875 2,174 Share Capital 366 367 367 Capital Work in progress 4 14 66 Other Equity 7,404 8,697 10,294
Slide 23: Historical Consolidated Financial Performance
Historical Consolidated Financial Performance Particulars (INR Mn) FY19 FY20 FY21 FY22 FY23 Operational Income 11,411 11,024 13,047 23,433 35,280 Total Expenses 10,527 10,205 11,923 21,374 32,101 EBITDA 884 819 1,124 2,059 3,179 EBITDA Margins (%) 7.75% 7.43% 8.62% 8.79% 9.01% Other Income 233 261 2
Slide 24: Historical Consolidated Balance Sheet
Historical Consolidated Balance Sheet Particulars (INR Mn) FY21 FY22 FY23 Particulars (INR Mn) FY21 FY22 FY23 ASSETS EQUITY AND LIABILITIES Non-Current Assets Equity Property, Plant & Equipment 2,064 2,085 2,366 Share Capital 366 367 367 Capital Work in progress 4 14 69 Other Equity 7,652 8,790 10,4
Slide 25: Consolidated Historical Financial Trend
Consolidated Historical Financial Trend Revenue (INR Mn) OPERATING EBITDA (INR Mn) PAT (INR Mn) 40,000 35,280 120.00%3,500 3,179 25.00%3,000 35,000 100.00% 3,000 2,500 2,398 20.00% 30,000 2,500 25,000 23,433 80.00% 2,059 2,000 15.00% 2,000 1,502 20,000 60.00% 1,500 1,500 13,047 1,124 10.00% 15,000 1
Slide 26: Capital Market Data
Capital Market Data 30% 1-Year Stock Performance up to 31st March 2023 20% 10% 0% -10% -20% -30% Apr-22 May-22 Jun-22 Jul-22 Aug-22 Sep-22 Oct-22 Nov-22 Dec-22 Jan-23 Feb-23 Mar-23 Praj Industries Sensex Shareholding Pattern (As on 31st March 2023) Dividend Pay out ratio (%) st PRICE DATA (As on 31
Slide 27: 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