Praj Industries Limited · NSE:PRAJIND
Praj Industries — Q2 FY2020 Earnings Presentation
20 slides from Praj Industries's earnings presentation, Oct 24, 2019
Slide 1: Cover letter to stock exchanges on Q2 FY20 results presentation
DATE: October 24,2019 REF. : PIL/DVN/L13412019-20 Security Code No.: 522205 Company Code- PRAJIND BOMBAYSTOCKEXCHANGE NATIONAL STOCK EXCHANGE OF LIMITED INDIA LTD. PHIROZE JEEJEEBHOY TOWERS, EXCHANGE PLAZA, 5TH FLOOR, 25TH FLOOR, DALAL STREET, PLOT NO. Cl1, G BLOCK, MUMBAI- 400 001 BANDRA-KURLA COMP
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Slide 3: Forward-looking statements disclaimer
~ P~ r.:aJ Certain statements in this communication concerning our future growth prospects are forward-looking statements, which involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties
Slide 4: Sugar year ethanol blending and pricing highlights
e~-y pr~ •·' The sugar year ending October 31, 2019 is projected to record the highest ever levels of ethanol blending to the tune of 6. 7%. This includes a meaningful maiden contribution of ethanol made from B-heavy molasses route. • · For the sugar year November 1, 2019 to October 31, 2020, the OM
Slide 5: Business highlights: Dedini agreement, Enfinity, BPCL contract
·• ·. Praj Industries entered into a Cooperation Agreement with Dedini S/ A lndustrias de Base, Brazil to provide ethanol production technologies to the Brazilian market. •· 'Enfinity', Praj's proprietary and award-winning technology, will be deployed to produce ethanol and other co-products using s
Slide 6: Financials: Figures in Rs cr
-:u:~ ~ p~aJ Financials : Figures in Rs cr. Q2 FY 20 Q1 FY 20 Q2 FY 19 · H1 FY 19 H1 FY 20 I ) -· ,, ,..... ol _j' :~A Operating income (net of ~:.. 294.14 .- 211.60 251.03 442.63 . excise duty} ~ EBITDA (excl other 16.68 8.11 13.83 21.06 24.78 income} PBT • 't.":-._ 17.19 . . 9.94 12.86 17.34 ,, 27
Slide 7: Quarterly trend chart Q1 FY19 to Q2 FY20
1130 . c 990 " lr- - I, - ' ·' ' ,_ ' 928 900 I' lr- -I ' . . I 'I - I 886 -. ' I . lr- 812 - ... ' • - I i ' I' - ' ' I . ' I '. I : ~~' [ .. I I I ~ ' I , "~ . . -. .. I I . I ' ' l I 1: I - I I .I -I -I I l I' I I L -. Q1 FY 19 Q2 FY 19 Q3 FY 19 Q4 FY 19 Q1 FY 20 Q2 FY 20 © Praj Industries Ltd ww
Slide 8: Q2 FY20 revenue by business
,.~r pr~ Q2 FY20 : Rs 539 cr Note - Engineering businesses include critical process equipment & skids, brewery and water & wastewater treatment segments. © Praj Industries Ltd www.praj.net 7
Slide 9: Q2 FY20: Rs 294.14 cr
. .. ~ ~ PYCIJ. Q2 FY20 : Rs 294.14 cr Note - Engineering businesses include critical process equipment & skids, brewery and water & wastewater treatment segments. © Praj Industries Ltd www.praj.net 8
Slide 10: H1 FY20 revenue by business
AT pr~ H1 FY20. : Rs 707 cr Note - Engineering businesses include critical process equipment & skids, brewery and water & wastewater treatment segments. © Praj Industries Ltd www.praj.net 9
Slide 11: H1 FY20: Rs 505.73 cr
----~ R1 FY20' : Rs 505. 73' cr gineering businesses/ 23% Note - Engineering businesses include critical process equipment & skids, brewery and water & wastewater treatment segments. © Praj Industries Ltd www.praj.net 10
Slide 12: Financial performance: Trends
~-~ .· Financial performance: Trends ~ ftl*!~ •I· j .J- - " • 'I ,.r; •" 1 "1 r I '• • I 1: • . • • :! r-~ QJ • "; OB Sales PAl 539 .. L 368 ..•~ 33.4 c i ..... I ...• ~ : . •. ~ .: . L ,. ~ . .... I . .: • FY19 Q1 • FY19 Q2 • FY19 Q3 • FY19 Q1 • FY19 Q2 • FY19 Q3 ~ : • FY19 Q1 • FY19 Q2 • FY19 Q3 •
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Slide 14: Fuel ethanol supply and blending percentage
-81~ ~ .pY~J Fuel Ethanol Supply (in billion liters) Ethanol Bl;e fl ding %~ 5.'9% - l 1.97 " • Blending rate improved from 4.2%·to 4.2% - I. 5.9% in last year •• Out of 1.97 bin liters, 0.3 bin liters produced using B-heavy/ sugar cane juice partially • Reducing surplus sugar by 3 lac tons FY14 FY1
Slide 15: Petrol sale projection and ethanol requirement
~~ pr~ Source: PPAC ffi ffil!l riJi.1 2016-17 2017-18 2018-19 2019-20 2020-21 2021-22 Petrol Sale Projection (in Bin. Ltr) 27.59 32.00 32.41 35.13 38.07 44.00 {8.38% CAGR) ~ I r I : ' : I ~I ~ I i i l i l 1 : : 1.38 1.70 1.62 1.75 1.90 2.20 . •' i I - 1 ' I I I I t -·----- -- --- ---- - - - - --- --
Slide 16: Government policy support for ethanol
'. • · Progressive National Biofuels Policy 2018..: objective of reaching 20% ethanol-blending by the year 203() • ·Allowed additional feed stock options like B Heavy, Sugarcane Juice, Spoiled Grains etc. •hUpward revision of price derived from B heavy molasses + partial sugarcane juice+ 100% sugarc
Slide 17: Financial support for 2G bioethanol and CBG plants
• Providing financial support to Integrated Bioethanol Projects (2G) using lignocellulosic biomass and other renewable feedstock. • The JI-VAN Yojana will be supported with total financial outlay of Rs.1969.50 crore for the period from 2018-19 to 2023-24. • A developmental effort that would benefit
Slide 18: Brewery and wastewater business updates
~ ,f '·CQI. . ~~ -- -· •••. l. ~·- 'Brrewe-rv Market Shq;re in Dor:ne,stic ~i0<7Q . International Quality Brewery Plant •:· Pneum:ati:Gpre'ss.Ctr~' ~-e'-Stl •· @lJ.Gl Bar .~ ~-~r:·ce~sJul l'k~~ltrp 1¢ted ·t~r ~ syngas 1 ap.plieatiofl •!• Praj Waste Water (Environment) division's focus on ZLD solutio
Slide 19: Modular Process Systems order and offerings
-.sa~ ~ ·.:a· P .fJ; . • .. J, .- I' I ', Sample Installation l-:lealrttly~ Order Hook of Hs. 79 Cri·fll H1 FY2Q vs Rs. 54 et. i:n H1 FVl~· •!• IV-lPS.: Bagg,~d: Qroer fQ:r First i'rnjectab>le fac·i lit'l•f.or ,an US MN,C for their::· lr:ldi~l-n Opera:t.imns Au~tfclertted 9fferri·f1g·s,by intr~d:~;.
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