Asahi Songwon Colors Ltd. · NSE:ASAHISONG
Asahi Songwon Colors — Q4 FY24 Earnings Presentation
33 slides from Asahi Songwon Colors's earnings presentation, Jun 1, 2024
Slide 1: JOSEPH SAJI VARGHESE VARGHESE
Digitally signed by JOSEPH SAJI JOSEPH SAJI VARGHESE VARGHESE Date: 2024.06.01 19:38:08 +05'30'
Slide 2: Investor Presentation Q4FY24
Q4FY24 Investor ASAHI SONGWON COLORS LIMITED Presentation BSE CODE : ASAHISONG | 532853 NSE CODE : ASAHISONG
Slide 3: Contents
Contents ABOUT 03-10 01 US BUSINESS 11-17 02 CANVAS STRATEGIC ADVANTAGES 18-20 03 AND INVESTMENT MERITS FINANCIAL STATEMENT 21-24 04 SUMMARY QUARTERLY 25-30 05 HIGHLIGHTS
Slide 4: About Us
Corporate Portrait 04 Our Journey 05 About Strengthening 06 Business Model Global Footprint 07 Clientele 08 Us Board of Directors 09
Slide 5: Corporate Portrait
Corporate Portrait 4 3 Exporting to Asahi Songwon Colors Limited is one of the leading manufacturers of blue Manufacturing facilities decades of manufacturing expertise 19 Countries (Phthalocyanine) pigments for ink, plastics, paint, textile and paper Team strength of Long standing relations industr
Slide 6: Our Journey
Our Journey Small start with aspirations to become Subdued Financial Growth | Ready for the next leg a global leader in Pigment Industry Strengthening Business Model of growth 1993 2016 2019 - 2021 Commenced operations of green pigment Debottlenecking of CPC blue crude Company entered into a JV with
Slide 7: Strengthening Business Model
Strengthening Business Model 2005 -2015 2015 - 2024 Added 2 new Added 3 new Continuous investments products products and entered made towards making the new product business sustainable category of AZO pigments and APIs 2015 2024 Served 19 Serving more than 101 Reducing costs and customers customers
Slide 8: Strong Global Footprint – Pigment Business
Strong Global Footprint – Pigment Business List of countries we export to 1. USA 11. Malaysia 2. Korea 12. Philippines 16 3. Japan 13. Singapore 5 9 4. Spain 14. Taiwan 4 1 3 5. Belgium 15. UAE 8 2 6. South Africa 16. UK 15 18 7. Brazil 17. Vietnam 19 14 17 8. China 18. Bangkok 11 12 9. Italy 19. Th
Slide 9: Serving Leading Brands
Serving Leading Brands We have come a long way from our humble beginnings to become a preferred choice of supplier to the large MNC's across the globe. We are well on our way to becoming one of the largest pigment players by enhancing our product basket to offer a full suite of colour range in organ
Slide 10: Board of Directors
Board of Directors Mrs. Paru M. Jaykrishna Mr. Gokul M Jaykrishna Mr. Arvind Goenka Mr. R.K. Sukhdevsinghji Mr. Jayprakash M Patel Chairperson & Managing Director Joint Managing Director & CEO Director Director Director She holds a Bachelor’s degree in A major in Finance with a minor in A graduate f
Slide 11: Board of Directors (Contd.)
Board of Directors (Contd.) Dr. Pradeep Jha Mr. Munjal M Jaykrishna Mr. Arjun G Jaykrishna Mrs. Shivani Revat Lakhia Mr. Mitesh Patel Director Director Executive Director Director Executive Director He is a renowned mathematician A Major in Finance and Marketing A Bachelor of Science in She is an Ad
Slide 12: Business Canvas
Phthalocyanine Pigments – 12 Our Mainstay Infrastructure Facility – 13 Padra Unit Azo Pigments – 14 Growth Driver Infrastructure Facility – 15 Dahej Unit Acquisition of Atlas Life 16 Sciences Business New Manufacturing facility – Atlas Life Sciences (India) Private Limited 17 Canvas
Slide 13: Phthalocyanine Pigments – Our Mainstay
Phthalocyanine Pigments – Our Mainstay At Asahi, we use our experience and expertise to manufacture Phthalocyanine pigments for the printing ink, packaging ink, paint, plastic and textile industries. • One of largest manufacturer of CPC In the last 15 years, the competitive Blue crude globally Produ
Slide 14: Manufacturing facility – Padra Site
Manufacturing facility – Padra Site Setup in 2004 Situated on 98,000 sq. mt. plot Products manufactured: Phthalocyanine Pigments • CPC Blue crude Available area for further expansion - • Beta Blue 25,000 sq. mt. • Alpha Blue Available capacities Waste and No forced Green cover Team strength of efflu
Slide 15: Azo Pigments – Growth Driver
Azo Pigments – Growth Driver At Asahi Songwon has entered into a joint venture with UK’s leading colour manufacture Tennants Textiles Colours Limited (TTC) to manufacture red, yellow and orange Azo pigments. Why AZO Pigments China +1 A Strong Tailwind High demand that is The global organic and speci
Slide 16: Manufacturing facility – Dahej Site
Manufacturing facility – Dahej Site Setup in Available capacities 2020 • 1,200 TPA Red Pigments • 1,200 TPA Yellow Pigments Situated on 60,000 sq. mt. plot Waste and effluent treatment facilities Capacities available expandable upto - 10,000 TPA Available area for further expansion to meet future de
Slide 17: Acquisition of Atlas Life Sciences
Acquisition of Atlas Life Sciences SALIENT FEATURES 10 products under research and FINANCIAL Incorporated development, including HIGHLIGHTS in 2004 6 new molecules and FY24 (₹ IN CRORE) intermediates for Audited Figures existing products 80 - member team strength Established R&D center with team str
Slide 18: New Manufacturing facility – Atlas Life Sciences (India) Private Limited
New Manufacturing facility – Atlas Life Sciences (India) Private Limited ASAHI SONGWON COLORS LIMITED | Investor Presentation 17
Slide 19: Strategic Advantages and Investment Merits
Strategic Advantages and Strategic Advantage 19 Investment Merits Investment Merits 20
Slide 20: Strategic Advantages
Strategic Advantages HIGH LEAD REALIGNMENT OF STRATEGIC LONG TERM SALES TIME GLOBAL SUPPLY CHAIN LOCATION CONTRACT Customer approvals take long time. The Chinese government's crackdown a The new plant at Dahej brings Asahi in Majority pigments under long However, once the relationship is few years a
Slide 21: Investment Merits
Investment Merits The ramp-up of capacity Strong Strong technical Consolidation the global utilisation in Azo and the Balance Sheet capabilities backed pigment industry to put addition of new capacity in by technological tie up the company in a sweet the API business are set to place the Company bac
Slide 22: Financial Statement Summary
Financial Statement Summary of P&L 22 Summary Summary of B/S Summary of Cash Flow 23 24 Statement
Slide 23: Financial Highlights – Profit and Loss statement
Financial Highlights – Profit and Loss statement PARTICULARS FY20 FY21 FY22 FY23 FY24 Revenue from Operations 283.64 283.08 410.82 504.55 426.24 Other Income 0.78 0.31 5.61 5.86 2.81 Total Income 284.42 283.39 416.43 510.41 429.05 Total Operating Expenses 249.24 233.57 378.87 499.27 410.79 EBITDA 34
Slide 24: Financial Highlights – Balance Sheet
Financial Highlights – Balance Sheet PARTICULARS FY20 FY21 FY22 FY23 FY24 Total Equity (Net Worth) 215.66 274.31 284.43 260.05 265.95 Non-Current Liabilities 25.59 24.32 44.68 75.77 91.18 Current Liabilities 36.56 90.84 140.56 210.88 217.62 Total Equity and Liability 277.81 389.47 469.67 546.70 574.
Slide 25: Financial Highlights – Cash Flow Statement
Financial Highlights – Cash Flow Statement PARTICULARS FY20 FY21 FY22 FY23 FY24 Cash Flow from Operating Activities 56.97 8.05 (0.38) 29.97 8.73 Cash Flow from Investing Activities (15.76) (60.07) (28.16) (77.21) (13.14) Cash Flow from Financing Activities (38.90) 49.98 28.38 47.49 4.37 Net increase
Slide 26: Quarterly Highlights
Quarterly Highlights Key Highlights 26 Management Commentary 27 Financial Statement 29 Summary
Slide 27: Key Highlights
Key Highlights EXPORTS VS DOMESTIC REVENUE SEGMENT WISE Consolidated Standalone BREAK-UP REVENUE BREAK UP Revenues Revenues ₹125.97 Cr. ₹83.85 Cr. 12 Phthalocyanine Domestic 44 22 API 1.77% 23.31% 1.43% 25.21% 66 Exports 56 Azo EBITDA EBITDA ₹8.78 Cr. ₹8.08 Cr. 203.48% 76.79% 198.76% 99.98% PAT PAT
Slide 28: Management Commentary
Management Commentary “I am pleased to provide an update on the performance of our blue pigment business for the quarter gone by. In line with our earlier guidance, the blue pigment segment has reported a strong performance. The inventory destocking phase has come to an end, and the value chain now
Slide 29: Management Commentary
Management Commentary “I am pleased to provide an update on the Additionally, we have acquired the remaining Company's performance for the past quarter. 22% stake in Atlas Life Sciences for a Our phthalocyanine business is exhibiting consideration of ₹9.65 crores, fully funded promising signs of rec
Slide 30: Financial Highlights – Profit and Loss statement (Standalone)
Financial Highlights – Profit and Loss statement (Standalone) Q-o-Q Y-o-Y PARTICULARS Q4FY23 Q3FY24 Q4FY24 Change Change Revenue from Operations 82.67 66.97 83.85 25.21% 1.43% Other Income 1.98 1.32 1.77 34.09% (10.61)% Total Income 84.65 68.29 85.62 25.38% 1.15% Total Operating Expenses 92.83 64.25
Slide 31: Financial Highlights – Profit and Loss statement (Consolidated)
Financial Highlights – Profit and Loss statement (Consolidated) Q-o-Q Y-o-Y PARTICULARS Q4FY23 Q3FY24 Q4FY24 Change Change Revenue from Operations 123.78 102.15 125.97 23.31% 1.77% Other Income 2.14 0.49 0.91 84.81% (57.51)% Total Income 125.92 102.65 126.88 23.61% 0.76% Total Operating Expenses 134
Slide 32: Disclaimer
Disclaimer This investor presentation has been prepared by Asahi Songwon Colors Limited and does not constitute a prospectus or placement memorandum or an offer to acquire any securities. This presentation or any other documentation or information (or any part thereof) delivered or supplied should n
Slide 33: Thank You
Thank You “Asahi House” Contact Us 20, Times Corporate Park, Mr. Saji Joseph Thaltej - Shilaj Road, Thaltej, cs@asahisongwon.com Ahmedabad - 380059. Tel: 079 4823 9999 Mr. Diwakar Pingle Diwakar.pingle@in.ey.com Mr. Abhishek Mehra abhishek@theinvestmentlab.in