Vishnu Chemicals Limited · NSE:VISHNU
Vishnu Chemicals — Q2 FY2023 Earnings Presentation
27 slides from Vishnu Chemicals's earnings presentation, Nov 1, 2022
Slide 1: Cover letter to stock exchanges
1st Nov, 2022 VCL/SE/72/2022-23 To To BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, Bandra-Kurla Complex Dalal Street, Mumbai – 400 001 Bandra (East), Mumbai 400 051 Scrip Code: 516072 Symbol: VISHNU Through: BSE Listing Centre Through: NSE Digital E
Slide 2: Q2FY23 Investor Presentation
WHERE PERSEVERANCE AND COMMITMENT COME TOGETHER Q2FY23 Investor Presentation
Slide 3: Disclaimer
Disclaimer This presentation and the accompanying slides (the “Presentation”), which have been prepared by Vishnu Chemicals Limited (the “Company’), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any secur
Slide 4: Q2 & H1 FY23 Highlights
Q2 & H1 FY23 Highlights
Slide 5: Consolidated Financial Highlights
Consolidated Financial Highlights (₹ in Cr.) Total Revenue EBITDA PAT 14% 17% 7% 9% +55% +82% +111% 375 63 35 242 35 17 Q2FY22 Q2FY23 Q2FY22 Q2FY23 Q2FY22 Q2FY23 Particulate Q2FY23 Q2FY22 Y-o-Y Q1FY23 Q-o-Q H1FY23 H1FY22 Y-o-Y Total Income 375 242 55% 361 4% 736 440 67% EBITDA 63 35 82% 61 3% 123 62
Slide 6: Standalone Financial Highlights
Standalone Financial Highlights (₹ in Cr.) Total Revenue EBITDA PAT 13% 17% 5% 10% +64% +126% +208% 326 57 33 199 25 11 Q2FY22 Q2FY23 Q2FY22 Q2FY23 Q2FY22 Q2FY23 Particulate Q2FY23 Q2FY22 Y-o-Y Q1FY23 Q-o-Q H1FY23 H1FY22 Y-o-Y Total Income 326 199 64% 306 6% 632 361 75% EBITDA 57 25 126% 52 10% 108
Slide 7: Key Highlights of the Quarter
Key Highlights of the Quarter Consolidated domestic and exports sales continued its growth trend, growing by 57% and 53% YoY. EBITDA margin expanded by 245 bps YoY and PAT margin by 250 bps YoY in Q2FY23. Highest ever Gross Asset Turnover ratio at 2.0 compared to 1.6 in FY22. Consolidated Re
Slide 8: Company Overview
Company Overview
Slide 9: Vishnu Chemicals at a Glance
Vishnu Chemicals at a Glance Vishnu Chemicals Ltd. epitomises manufacturing of high-performance speciality chemicals, with 30+ strong market leadership and an intelligent Years expertise symphony of forward and backward integration to produce world-class products that are focused 4 on diverse needs
Slide 10: Our Value Proposition
Our Value Proposition 30+ years track record with high pedigree management Principled & Value Driven Deep process knowledge Strong global presence Reliable product quality Flexible product mix Highly trained manpower 9
Slide 11: Clients Across Multiple End-Industries and Geographies
Clients Across Multiple End-Industries and Geographies Long standing relationships with domestic and overseas marquee customers 46% 54% EUROPE Domestic Exports USA ASIA 2% 22% AFRICA LATIN AMERICA OCENCIA 15% 59% 1% Americas Europe Africa Asia Oceania 10
Slide 12: State of the Art Manufacturing Facilities for Domestic and Global Clientele
State of the Art Manufacturing Facilities for Domestic and Global Clientele Vishnu Chemicals maintains its production operations from 4 dedicated facilities across India Visakhapatnam, Andhra Pradesh 1 Manufactures Chromium Chemicals Hyderabad, Telangana 3 2 Manufactures Chromium Chemicals BHILAI 2
Slide 13: Well Diversified Board
Well Diversified Board The Board and leadership at Vishnu conduct itself with integrity and honesty, setting the tone for an ethical organisational culture. Mr. Tirthankar Mitra Independent Director Add Name Mr. Ch. Siddartha Mr. Chetan Joint Managing Navinchandra Shah Director Independent Director
Slide 14: Business Overview
Business Overview
Slide 15: Chromium Chemicals – Largest Manufacturer in India & South Asia
Chromium Chemicals – Largest Manufacturer in India & South Asia Chromium chemistry is proven to be of high value as it possesses properties of high corrosion resistance, colours, and uniformity, thereby improving the performance and life of industrial components, timber treatment, pharmaceuticals, p
Slide 16: Chromium Chemistry – Product Portfolio
Chromium Chemistry – Product Portfolio SODIUM DICHROMATE Basic Sodium Dichromate is a strong oxidising agent Chrome Leading manufacturer of high quality chrome and a source in preparing chromium based Sulphate sulfate for tanning and metal finishing derivatives. It is used in metal passivation and f
Slide 17: Barium Chemicals – Largest & Only Organized Manufacturer in India
Barium Chemicals – Largest & Only Organized Manufacturer in India The Company manufactures industry grade Barium Carbonate that finds applications in the manufacture of a plethora of ceramic, tiles, glass, enamel products and caustic lye brine purification process. Key Product Barium Carbonate Globa
Slide 18: Barium Carbonate
Barium Carbonate CHARACTERISTICS Other players have estimated capacity of Leading Available in several grades with different less than 1/10th of Vishnu’s capacity manufacturer chemical purities, shapes and granulometry. It in India is characterized by high reactivity and tightly controlled narrow pa
Slide 19: Well Poised to Capture the Opportunity
Well Poised to Capture the Opportunity
Slide 20: Capacity Expansion to Support our Growth
Capacity Expansion to Support our Growth CHROMIUM BUSINESS BARIUM BUSINESS ₹ 30 crores AMOUNT ₹ 90 crores Internal Accruals SOURCE OF FUND Debt and Internal Accruals Towards upgradation & expansion of our Introduce a new specialty chemical, Precipitated capacity from 70,000 tonnes to 80,000 tonnes P
Slide 21: Well-Positioned to Capture Future Growth Opportunities
Well-Positioned to Capture Future Growth Opportunities Market Share 01 Leading position in the niche market with no domestic competitors in chromium business and unorganized competition in the Barium business with dominant market share Strong Entry Barriers 02 Entry barriers due to complex 24/7 cont
Slide 22: Strong Tailwinds
Strong Tailwinds Industry led drivers 01 02 03 04 05 Strong and Growing India is emerging is as a Challenges in peer India has an edge over Chemistry offers scope Indian Consumer Base preferred manufacturing competing countries other major manufacturing of launching newer hub for Speciality Chemical
Slide 23: Financial Overview & Shareholder's Information
Financial Overview & Shareholder’s Information
Slide 24: Focused on Consistently Delivering Sustainable Performance
Focused on Consistently Delivering Sustainable Performance (Consolidated) Total Revenue EBITDA & EBITDA Margin PAT & PAT Margin 13% 13% 13% 12% 15% 2% 3% 3% 5% 8% 1075 161 180 81 90 160 772 80 681 682 140 651 70 102 120 60 87 86 100 80 50 34 80 40 24 22 60 30 14 40 20 20 10 0 0 FY18 FY19 FY20 FY21 F
Slide 25: Disciplined Capital Allocation
Disciplined Capital Allocation (Consolidated) Debt to Equity Interest Coverage Ratio 3.4 5.3 2.4 2.1 1.7 2.3 1.3 1.8 1.8 1.4 FY18 FY19 FY20 FY21 FY22 FY18 FY19 FY20 FY21 FY22 ROE ROCE 28% 34% 21% 22% 19% 14% 17% 19% 14% 15% FY18 FY19 FY20 FY21 FY22 FY18 FY19 FY20 FY21 FY22 24
Slide 26: Shareholder's Information
Shareholder’s Information Stock Information (as on 30th September 2022) (As on 30th September 2022) Market Capitalization (₹ in crs) 2260.96 Shareholding Pattern (%) Shares Outstanding (₹ in crs) 1.19 Free Float (₹ in crs) 565.24 23.74% Symbol (BSE) / (NSE) 516072 / VISHNU Consistent Dividend Track
Slide 27: THANK YOU
THANK YOU Vishnu Chemicals Limited investors@vishnuchemicals.com https://vishnuchemicals.com Investor Relations Advisors : Orient Capital (a division of Link Group) Mr. Nikunj Jain Mr. Bhavya Shah +91 9769060608 +91 8082748577 nikunj.jain@linkintime.co.in bhavya.shah@linkintime.co.in