Premier Explosives Limited · NSE:PREMEXPLN
Premier Explosives — Q2 FY2024 Earnings Presentation
26 slides from Premier Explosives's earnings presentation, October 2023
Slide 1: Premier Explosives Limited Investor Presentation October 2023
P R E M I E R EXPLOSIVES L I M I T E D FOR A PREMIER POSITION I N V E S T O R P R E S E N T A T I O N | October 2023
Slide 2: Agenda
Agenda ⨠ Key Highlights – Q2 & H1FY24 ⨠ Company Overview ⨠ Business Segments & Growth Strategy
Slide 3: Key Highlights – Q2 & H1FY24
Key Highlights – Q2 & H1FY24 ▪ Financial Performance • Revenue growth of 29% YoY and 27% QoQ to Rs. 784.2 Mn in Q2FY24 • EBIDTA Margin of 28% in Q2FY24 as against 12% in Q2FY23 • PAT Margin of 15% in Q2FY24 as against 4% in Q2FY23 • Cash profit of Rs. 144.0 Mn for Q2FY24 ▪ Strong Order Book of Rs. 1
Slide 4: Results Highlight – Q2 & H1FY24
Results Highlight – Q2 & H1FY24 Revenue (Rs Mn) & Growth (YoY %) EBITDA (Rs Mn) & EBITDA Margin (%) PAT (Rs Mn) & PAT Margin (%) 29% 225 27% 28% 30% 205 15% 13% 120 16% 25% 185 14% 165 20% 784 145 90 12% 125 12% 219 15% 10% 105 167 60 116 8% 606 620 10% 4% 82 6% 85 30 4% 65 5% 45 72 25 2% 25 0% 0 0%
Slide 5: Revenue Break up – Q2 & H1FY24
Revenue Break up – Q2 & H1FY24 Revenue Breakup (Rs. Mn) Explosives Defence & Space services Total Q2FY24 243.4 540.8 784.2 Q2FY23 160.3 446.0 606.3 Revenue Breakup (Rs. Mn) Explosives Defence & Space services Total H1FY24 493.2 910.5 1,403.7 H1FY23 457.4 666.6 1,124.0 Standalone Numbers 5
Slide 6: Profit & Loss Statement
Profit & Loss Statement Particulars (Rs. Mn) Q2FY24 Q2FY23 Y-o-Y (%) Q1FY24 Q-o-Q (%) H1FY24 H1FY23 Y-o-Y (%) Revenue from Operations 784.2 606.4 29% 619.5 27% 1,403.7 1,124.1 25% Expenses 565.5 534.3 453.0 1,018.5 994.0 Operating profit 218.7 72.0 204% 166.5 31% 385.2 130.1 196% Operating Margins (
Slide 7: Balance Sheet Highlights
Balance Sheet Highlights In Rs Mn Sep’23 Mar’23 Equity Share Capital 107.5 107.5 Other Equity 2,019.3 1,843.0 Non-current liabilities 339.9 178.2 Current liabilities 1,964.7 1,461.2 Total liabilities 4,431.4 3,589.9 Net Fixed Asset Block 1,914.5 1,815.5 CWIP 11.8 18.1 Other non-current Assets 193.3
Slide 8: Improving Order Book
Improving Order Book Order Book (Rs. Mn) Order Break-up 10,544 11% 5% 5,209 4,838 4,287 3,890 84% Mar'20 Mar'21 Mar'22 Mar'23 Current Order Book Services Explosives Defence 6
Slide 9: Company Overview
Company Overview
Slide 10: Pioneer in Explosives & Defence Sector…
Pioneer in Explosives & Defence Sector… A leading manufacturer of High Energy Materials • 1st in India to manufacture Explosives and Detonating fuse with indigenous technology • 1st in the world to produce Safer and Greener NHN detonators on commercial scale • 1st Private Company to manufacture Soli
Slide 11: Grew under leadership of Industry Veteran..
Grew under leadership of Industry Veteran.. Dr. A. N. Gupta Non-Executive Chairman • Recipient of ‘Udyog Rattan Award’ & ‘Pickering and ISM Medal’ • Member of Society of Explosives Engineers, U.S.A, Ex-Chairman of Explosives Development Council and Fellow of High Energy Materials Society of India (H
Slide 12: with impetus on Research & Development…
with impetus on Research & Development… Collaboration with Gulbarga University, IIT Madras and BITS Pilani for research in high energy materials World’s 1st producer of NHN based detonators on commercial scale much safer and greener than traditional ASA. o Licensed the technology to a US company Dev
Slide 13: & high focus on Safety at Manufacturing facilities
& high focus on Safety at Manufacturing facilities Bulk Explosives • Singrauli (Madhya Pradesh) • Chandrapur (Maharashtra) • Godavarikhani (Telangana) • Manuguru (Telangana) • Neyveli (Tamil Nadu) Accessories & Defence Explosives • Peddakandukur (Telangana) Detonator, Detonating fuse, Packaged Explo
Slide 14: Greenfield expansion at Katepally
Greenfield expansion at Katepally • Katepally Solid Propellant Plant o Obtained License from Chief Controller of Explosives, Nagpur for production of solid propellant at the facility o Facility will enable Company to manufacture Solid Propellant of larger size for ISRO & DRDO. • Received order for p
Slide 15: Serving the critical needs of Industry
Serving the critical needs of Industry Commercial Explosives • Manufactures diverse range of commercial explosives for Mining & Infrastructure Industries • Product range includes Bulk Explosives, Cartridge Explosives, Cast Booster, Detonators, Detonating Fuse, etc Defence & Aerospace • Manufacture o
Slide 16: Business Segments
Business Segments
Slide 17: Stable business of Commercial Explosives…
Stable business of Commercial Explosives… Manufacturing Explosives Products …. …for Clients in Mining & Infrastructure Industries Bulk Explosives Cast Boosters Cement Manufacturers Detonators Detonating Fuse Export to Countries Israel, Greece, Jordan, Turkey, Nepal, Thailand, Philippines, Indonesia,
Slide 18: Building Defence & Aerospace segment…
Building Defence & Aerospace segment… Manufacturing Products across segments …. Propellants Pyros Explosives Counter-measures Pyrogen igniters Pyro cartridges CL – 20 Chaffs Case-bonded propellants Pyro actuators HNS – IV Flares Free standing grains Smoke / flash generators HMX / RDX and their compo
Slide 19: with focus on enhancing Technological Capabilities…
with focus on enhancing Technological Capabilities… Unmatched Technological know-how and Research Capabilities…. …. and Industrial Licences from DIPP In-house development Production under ToT Defence Industrial Licenses • Pyrogen Igniters for Strategic missiles • Akash booster / sustainer grains • I
Slide 20: Enhancing product offering…
Enhancing product offering… for Indian Air Force On-going Under Development Chaffs & Flares 70 mm rockets Air-Glide bombs Air Target Imitators (for Air Defence & Indian Army Re-graining of existing missiles Indigenization of power cartridges Canopy severance system for Missile Programme Expanding pr
Slide 21: Contributing to India’s Prestigious Missile Programs
Contributing to India’s Prestigious Missile Programs Missile Type Stage Client End user PEL’s contribution Tactical, Bharat Dynamics Limited Indian Air Force and Supplied 2000+ booster grains Akash Production Surface to Air (BDL) Indian Army and 450+ sustainer grains Tactical, Production from 100% r
Slide 22: Increasing participation in India’s Space Program
Increasing participation in India’s Space Program Operations & Maintenance Under GOCO • Operating and Maintaining Solid Propellant plant of ISRO at SHAR under GOCO Contract for 10 years in Jan’2019 • Operating and maintaining the solid propellant plant of Advance Systems Laboratory (ASL) at Solid Fu
Slide 23: Defence : Opportunity landscape
Defence : Opportunity landscape Government enhances focus on “Make In India” in Defence Well positioned to enhance participation • Defence Ministry puts ‘101+ Defence items’ under import embargo under • Pioneer in manufacturing and supply solid propellants to India’s ‘Atmanirbhar Bharat Programme’ p
Slide 24: Building Company with Vision - 2025
Building Company with Vision - 2025 Continue the Develop low cost Develop capacity for Meet the full Enter export market leadership in High processes and missile integration requirements of for defence products Energy Materials for techniques for ISRO’s strap-on and high energy defence and space pro
Slide 25: Awards & Appreciations
Awards & Appreciations Year Award Awarded By 2019 SME - Empowering India Awards 2019 in the Defense & Aerospace (Mid - Corporate) Hon'ble Union Minister of Steel 2016 HEMSI Honorary Fellowship to Dr. A.N.Gupta High Energy Materials Society of India 2015 Outstanding Entrepreneur Award Enterprise Asia
Slide 26: Contact Us
Contact Us PREMIER EXPLOSIVES LIMITED Mr. Srihari Pakalapati (CFO) Ms. Pooja Sharma/ Mr. Vishal Mehta cfo@pelgel.com pooja.sharma@stellar-ir.com /vishal@stellar-ir.com ‘Premier House’, 11 Ishaq Colony, Near AOC Center, Secunderabad 500 015 A- 405, Kanakia Wall Street, Andheri (East), Mumbai 400 093