Meghmani Organics Limited · NSE:MOL
Meghmani Organics — Q1 FY2017 Earnings Presentation
20 slides from Meghmani Organics's earnings presentation, August 2016
Slide 1: Meghmani Organics Limited Q1 FY17 Investor Presentation
Meghmani Organics Limited (MOL) Q1 FY17 Investor Presentation August 2016 1
Slide 2: Contents
Contents Section 1 Quarterly Performance Section 2 Company Overview Section 3 Annexure 2
Slide 3: Q1FY17: Robust growth in revenues & profits driven by domestic market
Q1FY17: Robust growth in revenues & profits driven by domestic market EBITDA and PAT margins increase by 636 bps and 365 bps, respectively. Revenue up 7% YoY driven by strong performance Revenue in domestic market (up 48% YoY) Volumes up 13% YoY EBITDA up 297% YoY due to lower input costs and
Slide 4: Pigments report significant increase in profitability
Pigments report significant increase in profitability Consolidated, Figures in Rs mn Revenue Volume (in MT) Production/Utilization EBITDA/Margin 1,30 0 1,273 3,900 3,809 4,800 4,741 80% 300 30% 1,25 0 4,700 4,609 70% 250 239 25% 3,700 1,192 4,600 60% 3,500 3,372 200 20% 61% 1,20 0 3,300 4,500 59% 50
Slide 5: Agrochemicals delivers stellar growth led by 50% growth in volumes
Agrochemicals delivers stellar growth led by 50% growth in volumes Consolidated, Figures in Rs mn Revenue Volume (in MT) Production/Utilization EBITDA/Margin 1,400 1,317 6,000 76% 200 1,300 4,500 4,235 5,085 180 23% 75% 5,000 4,000 160 1,200 75% 74% 18% 3,500 4,000 3,619 140 1,100 3,000 2,817 73% 12
Slide 6: Basic Chemicals: EBITDA margin increases from 31% to 45% YoY
Basic Chemicals: EBITDA margin increases from 31% to 45% YoY Consolidated, Figures in Rs mn Revenue Volume (in MT) Production/Utilization EBITDA/Margin 1,200 34,516 100% 450 428 48% 33,756 924 956 36,000 31,486 35,000 90% 400 1,000 33,202 80% 43% 31,000 350 291 45% 800 26,000 33,000 83% 70% 300 38%
Slide 7: Strong growth of 25% in domestic market, revenue share up at 50%
Strong growth of 25% in domestic market, revenue share up at 50% Consolidated, Figures in Rs mn Q1 FY17 Q1 FY16 Exports 50% Exports Domestic 54% Domestic 46% 50% Domestic business increased by 25% Segmental breakdown YoY in Q1FY17 driven by non linear YoY Q1 FY17 Q1 FY16 growth of 76% and 48% in A
Slide 8: Contents
Contents Section 1 Quarterly Performance Section 2 Company Overview Section 3 Annexure 8
Slide 9: Meghmani Organics Ltd – a leading high growth chemical company
Meghmani Organics Ltd – a leading high growth chemical company Diversified across products and geographies - servicing 400+ marquee clients in 75 countries ~7% global market share; among top 3 global blue Leading global pigments players player in ~72% revenue from exports, mainly from North Amer
Slide 10: Vertically integrated facilities across all businesses
Vertically integrated facilities across all businesses Pigment Blue CPC Blue Pigment Green Upstream product: Sold to other End products: Sold to industrial users i.e. pigments manufacturers inks, paint and plastic manufacturers Pigments Pesticide Intermediates Sold to technical grade pesticides manu
Slide 11: High growth historically with a 5 year PAT CAGR of 17%
High growth historically with a 5 year PAT CAGR of 17% Consolidated, Figures in Rs mn Net Sales and Growth EBITDA and EBITDA Margin 11.2% 9.6% EBITDA EBITDA Margin 5.5% 21.5% 2.0% -0.5% 3500 22.5% 13,370 17.8% 16.9% 2,869 12,678 3000 15.1% 16.0% 11,569 1,959 17.5% 10,450 10,402 2500 2,031 1,852 12.5
Slide 12: Margin expansion due to better product mix and increase in utilisation
Margin expansion due to better product mix and increase in utilisation Consolidated, Figures in Rs mn Segment-wise Sales 4,667 FY15 FY16 4,380 4,477 4,244 3,987 10% YoY 2% YoY 13% YoY 3,518 Pigments Agrochemicals Basic Chemicals Increase in capacity utilisation Higher EBITDA Margin FY15 FY16 Pigment
Slide 13: Journey of growth
Journey of growth. . . 2016 2013-14 Expansion 2009 New into 2007 Started Pigment Caustic 2004 India listing production plant at Potash 1999 Acquired & in MFL & 2 Dahej SEZ 1997 established new sites & Started Agro 1996 MFL with IFC for Agro- Expansion Private Blue assets 1995 chemical of Caustic- Ne
Slide 14: Robust plan for next phase of growth
Robust plan for next phase of growth Strategic Operational and Financial plan for growth and higher margins Pigments Sweating the Capacity Installed capacity to Higher focus on Domestic market Rs 5.6bn spent over last 5 years to increase clock revenue of Rs Focus on untapped exports market Exp
Slide 15: Contents
Contents Section 1 Quarterly Performance Section 2 Company Overview Section 3 Annexure 15
Slide 16: P&L statement (Consolidated): Q1FY17
P&L statement (Consolidated): Q1FY17 Figures in Rs Million Particulars Q1 FY17 Q1 FY16 YoY (%) Net sales / income from operations 3,546 3,035 17% Other Operating Income 59 55 7% Total Income from Operations 3,605 3,091 17% Total Expenditure 2,856 2,642 8% Consumption of Raw Material 2,017 1,753 15%
Slide 17: P&L statement (Standalone): Q1FY17
P&L statement (Standalone): Q1FY17 Figures in Rs Million Particulars Q1 FY17 Q1 FY16 YoY (%) Net sales / income from operations 2,686 2,187 23% Other Operating Income 59 55 7% Total Income from Operations 2,744 2,242 22% Total Expenditure 2,425 2,132 14% Consumption of Raw Material 1,760 1,332 32% P
Slide 18: Corporate structure and shareholding pattern
Corporate structure and shareholding pattern Shareholding Pattern Corporate Structure (June 30, 2016) No of shares: 254 mn MOL Meghmani Finechem Limited* 57% (Caustic Manufacturing) Public & Meghmani Europe BVBA Others 100% 23.8% (Distribution) Meghmani Organics USA INC. Promoters 100% Singapore (Di
Slide 19: Disclaimer
Disclaimer 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 MOL’s future business developments and economic performance. While these
Slide 20: Contact us
Contact us For any Investor Relations queries, please contact: Email: ir@meghmani.com Nisha Kakran/ Seema Shukla Phone: +91-79-71761000 Four-S Services Pvt Ltd Phone: +91-124-4251442/+91 7718811182 Email: nisha.kakran@four-s.com seema@four-s.com 20