Bodal Chemicals Limited · NSE:BODALCHEM
Bodal Chemicals — Q1 FY2017 Earnings Presentation
19 slides from Bodal Chemicals's earnings presentation, June 2016
Slide 1: Q1 FY2017 Earnings Presentation
Q1 FY2017 Earnings Presentation June 2016 (NSE: BODALCHEM, BSE: 524370)
Slide 2: Important Notice
Important Notice This presentation contains statements that contain “forward looking statements” including, but without limitation, statements relating to the implementation of strategic initiatives, and other statements relating to Bodal Chemicals’ future business developments and economic performa
Slide 3: Investment Rationale
Investment Rationale One of the leading manufactures of Dye Intermediates (DI) and Dyestuff (DS) globally Biggest manufacturer of DI in India; also produces the largest variety in the country Most integrated DS player in India Strong global reach: exports to over 35 countries Considerably protected
Slide 4: Strategic Direction
Strategic Direction Increasing capacity utilization and adding new products to the diversify into more value added product lines 2x Revenue growth over next 3-4 years Introduction of new products Capacity expansion Capacity Expansion Production of Production of Trion Chemicals 4 of Dyestuff LABSA Li
Slide 5: Strategic Direction
Strategic Direction Capacity Expansion of Trion Production of Production of Dyestuff Chemicals LABSA Liquid Dyestuff • Capacity to be expanded by • 42% owned associate • Started new plant near Plant • Used in paper industry for 8,000 MTPA to an company VII for production of Linear coloring paper agg
Slide 6: Highlights from the Quarter
Highlights from the Quarter Q1 FY2017 vs. Q1 FY2016 EBITDA EBITDA Margins Net Profit Rs. 569 million 21.0% Rs. 322 million +39.9% +451bps +59.8% Commenting on the results, Mr. Bhavin S Patel , Executive Director of Bodal Chemicals said: “Bodal Chemicals is on a new growth trajectory. It has reported
Slide 7: Financial Performance
Financial Performance Key Financial Statistics Q1 y-o-y Q4 q-o-q Growth Growth (Rs. million) FY2017 FY2016 (%) FY2016 (%) Total Income 2,705.5 2,461.3 9.9% 2,055.7 31.6% EBITDA 569.4 407.0 39.9% 443.1 28.5% Margin (%) 21.0% 16.5% 21.6% Net Profit 322.1 201.6 59.8% 225.9 42.6% Margin (%) 11.9% 8.2% 1
Slide 8: Segmental Financial Performance
Segmental Financial Performance Revenue Breakup Q1 FY2016 Q1 FY2017 12.0% 1.8% 12.0% 2.3% By Segment 50.5% 26.5% 59.2% 35.6% Dye Intermediates Dyestuff Basic Chemicals Other Q1 FY2016 Q1 FY2017 By Geography 35.1% 28.6% 64.9% 71.4% Domestic Exports 8
Slide 9: Quarterly Financial Trends
Quarterly Financial Trends Revenue (Rs. Million) EBITDA (Rs. Million) and Margin (%) 20.1% 21.6% 21.0% 16.5% 17.3% 2,705 569 2,461 2,543 2,039 2,056 407 439 409 443 Q1 FY16 Q2 FY16 Q3 FY16 Q4 FY16 Q1 FY17 Q1 FY16 Q2 FY16 Q3 FY16 Q4 FY16 Q1 FY17 Profit Before Tax (Rs. Million) and Margin (%) Profit A
Slide 10: Leverage Profile
Leverage Profile Particulars (Rs. million) 30-Jun-16 31-Mar-16 Total Debt / Equity (x) Short Term Borrowings 1,614 1,422 0.6x 0.6x Long Term Borrowings 7 7 Total Debt 1,621 1,429 Less: Cash & Cash Equivalents 5 5 Net Debt / (Net Cash) 1,616 1,424 Net Worth 2,668 2,346 Mar-16 Jun-16 Repaid long term
Slide 11: Business Snapshot
Business Snapshot Company with the widest product portfolio in India across basic chemicals, dye intermediates and dyestuff One of the leading producers of dye intermediates & dyestuff in the world End Markets Sulphur & Bulk Chemical Dye Intermediates Dyestuff No. of Products 30 Variants 150 Variant
Slide 12: Manufacturing Footprint
Manufacturing Footprint Plant Location Basic Chemicals Dye Intermediates Dyestuff Plant I Ahmedabad P P P Plant II Ahmedabad P P Plant III Ahmedabad P Plant IV Ahmedabad P Plant VII Vadodara P P P Plant VIII Vadodara P Notes: 1. Plant V and VI have been closed 12 2. 70% of total company production i
Slide 13: Geographical Reach
Geographical Reach Outreach across more than 35 countries Key Clients* * Arranged alphabetically Production Facilities Clients Presence 13
Slide 14: Product Overview: Basic Chemicals & Dye Intermediaries
Product Overview Basic Chemicals & Dye Intermediaries Basic Chemical - Highlights Dye Intermediaries - Highlights Centrally located manufacturing facilities Largest manufacturer in India with 25 years of 45% in house consumption experience Captive power plant & steam generation Consumes 40
Slide 15: Product Overview: Dyestuff
Product Overview Dyestuff Highlights Product Major Applications Large capacity for standardizing, storage and Reactive Dyes packaging & distribution In house ice plant with 300 MT/day capacity Acid Dyes In house ETP plant with 1 million liters / day Sales across more than 35 countries Direct
Slide 16: Key Milestones
Key Milestones 2016 Amalgamation of Bodal Agrotech with Bodal Chemicals 2014 / 2015 Carried out one of the earliest debt repayments and exit from CDR 2012 CDR approved 2010 Carried out backward integration to start producing basic chemicals 2008 Acquired Milestone Organics Limited (Plant VIII) 2007
Slide 17: Market Data
Market Data Shareholding Pattern (30th Jun 2016) Market Data Promoters 67.4% Market Cap. (Rs. mn) (3-Aug-16) 12,132.7 Outstanding Shares (mn) 109.1 Bloomberg Ticker BODL:IN Reuters Ticker BODA.NS Others BSE Ticker 524370 32.6% DIIs 0.1% NSE Ticker BODALCHEM Shareholders Sept-15 Dec-15 Mar-16 Jun-16
Slide 18: Board of Directors
Board of Directors Mr. Suresh J. Patel Mr. Sunil K. Mehta Chairman & Managing Director Independent Director Mr. Bhavin S. Patel Mr. Bipin R. Patel Executive Director Independent Director Mr. Ankit S. Patel Mrs. Kajal Ritesh Soni Executive Director Independent Director Mr. Surendra N. Shah Mr. Mayur
Slide 19: CIN: L24110GJ1986PLC009003 Plot No. 123-124, Phase - I, G.I.D.C., Vatva, Ahmedabad - 382 445,
CIN: L24110GJ1986PLC009003 Mayur Padhya Jitesh Bhatia / Ajay Tambhale Plot No. 123-124, Phase - I, G.I.D.C., CFO, Bodal Chemicals Churchgate Partners Vatva, Ahmedabad - 382 445, Gujarat, India T: +91-79-2583 5437 | E: [email protected] +91 79 2583 5437 +91 22 6169 5988 www.bodal.com [email protected] Bo