PRAJ Industries Limited · NSE:PRAJIND
PRAJ Industries — Q1 FY2024 Earnings Presentation
24 slides from PRAJ Industries's earnings presentation, Jul 27, 2023
Slide 1: Exchange filing cover letter for results presentation
pray DATE: 26" July, 2023 REF. : PIL/DVN/L068/2023-24 Security Code No.: 522205 Company Code- PRAJIND BSE LIMITED NATIONAL STOCK EXCHANGE OF INDIA LTD. PHIROZE JEEJEEBHOY TOWERS, 25TH FLOOR, DALAL STREET, EXCHANGE PLAZA, 5TH FLOOR, MUMBAI - 400 001 PLOT NO. C/1, G BLOCK, Fax: 022- BANDRA-KURLA COMPL
Slide 2: Earnings Presentation – Q1-FY24
Earnings Presentation – Q1-FY24
Slide 3: Company at a Glance
Company at a Glance 2021 39 Years of Legacy Presence across 1300+ 90+ research 4 manufacturing 100+ countries employees scientists facilities 300+ 40%+ business from ~10% 1000++ 400 + patents repeat customers Global ethanol production References/plants overseas references market share* worldwide 3-Y
Slide 4: Company Overview
Company Overview Operational Revenue (INR Mn) • Incorporated in 1983 under the visionary leadership of technocrat Dr. Pramod Chaudhuri. 40,000 35,280 25.00% 35,000 • Praj Industries Ltd. (Praj) has grown to become one of the most reputed 30,000 20.00% and technologically advanced biotechnology and e
Slide 5: Business Segments
Business Segments High Purity Solutions Water Systems Modular Process Systems Value Added Services Bio Energy 1G & 2G Ethanol plants Compresses Bio-Gas Future Fuel: SAF, Marine Biofuel, Bio Hydrogen etc. Engineering Businesses Critical process equipment & Skids Brewery and beverages Zero Liquid Disc
Slide 6: 1000++ References in 100+ countries
1000++ References in 100+ countries across all 5 continents.. And Still counting Europe Asia Americas India Africa Praj Industries Limited 5
Slide 7: Q1-FY24 Financial Overview
i oe). ' Q1-FY24 \ ) - Financial » Overview vA) | lt .
Slide 8: Q1-FY24 Financial Highlights
Q1-FY24 Financial Highlights Q1-FY24 Performance (Standalone) Q1-FY24 Performance (Consolidated) INR 6,499 Mn INR 630 Mn 9.69% INR 7,367 Mn INR 755 Mn 10.25% Operating Income Operating EBITDA EBITDA Margins Operating Income Operating EBITDA EBITDA Margins (2.9)% YoY (13.7)% YoY 141 Bps YoY 0.6% YoY
Slide 9: Quarterly Financial Performance Trend (Consolidated)
Quarterly Financial Performance Trend (Consolidated) Revenues (INR Mn) EBITDA (INR Mn) PAT (INR Mn) 12,000 1200 1000 1,083 881 10,040 900 10,000 8,806 9,115 1000 861 800 8,000 7,320 7,367 800 755 700 623 676 587 600 6,000 558 481 600 500 413 400 4,000 400 300 2,000 200 200 100 - 0 0 Q1-FY23 Q2-FY23
Slide 10: Segmental Revenue (Consolidated)
Segmental Revenue (Consolidated) Bio Energy (INR Mn) Engineering (INR Mn) HiPurity (INR Mn) 5,877 R E 5,643 V 1,262 E 998 N 491 U 414 E Q1-FY23 Q1-FY24 Q1-FY23 Q1-FY24 Q1-FY23 Q1-FY24 Praj Industries Limited 9
Slide 11: Order Intake & Order Backlog
Order Intake & Order Backlog Order Intake (At the end of each quarter, Values in INR. Mn) Q1-FY24 Segmental Order Intake – INR 11,010 Mn Q1-FY24 Geographical Order Intake 11500 1.2 10,940 11,010 11000 1 10500 10,380 0.8 Engineering 10000 9,810 0.6 Bioenergy 31% 60% 9,440 Export 9500 0.4 Domestic 35%
Slide 12: Q1-FY24 Operational Highlights
Q1-FY24 Operational Highlights Operational Highlights • Consistent growth in order book with strong pipeline for FY24 • PBT increased by 43% as compared to Q1 of previous year • Share of International orders in overall order book for the quarter was 35% • 1G: Healthy domestic order book for plants b
Slide 13: Indian Oil & Praj to form JV for building Biofuels production capacities in India
Indian Oil & Praj to form JV for building Biofuels production capacities in India • Praj and IndianOil signed term sheet for JV formation to advance plans to strengthen biofuels production capacities in India. • Various biofuels covered under this initiative include SAF, Ethanol, CBG, Biodiesel. Pra
Slide 14: Praj Hi Purity Systems presented with Bio Spectrum Award
Praj Hi Purity Systems presented with Bio Spectrum Award as “Most Promising Company 2023” Praj Industries Limited 13
Slide 15: Quarterly Financial Performance - Standalone
Quarterly Financial Performance - Standalone Particulars (INR Mn) Q1-FY24 Q1-FY23 Y-o-Y Q4-FY23 Q-o-Q Operational Income 6,499 6,690 (2.9)% 8,787 (26.0)% Expenses 5,869 6,136 (4.4)% 7,827 (25.0)% EBITDA 630 554 13.7% 960 (34.4)% EBITDA Margins (%) 9.69% 8.28% 141 Bps 10.93% (122) Bps Other Income 11
Slide 16: Quarterly Financial Performance - Consolidated
Quarterly Financial Performance - Consolidated Particulars (INR Mn) Q1-FY24 Q1-FY23 Y-o-Y Q4-FY23 Q-o-Q Operational Income 7,367 7,320 0.6% 10,040 (26.6)% Expenses 6,612 6,762 (2.2)% 8,957 (26.2)% EBITDA 755 558 35.3% 1,083 (30.3)% EBITDA Margins (%) 10.25% 7.62% 263 Bps 10.79% (54) Bps Other Income
Slide 17: Historical Financial Overview
Historical Financial Overview
Slide 18: Historical Standalone Financial Performance
Historical Standalone Financial Performance Particulars (INR Mn) FY20 FY21 FY22 FY23 Q1-FY24 Operational Income 9,419 10,885 20,623 31,526 6,499 Expenses 8,632 9,936 18,782 28,629 5,869 EBITDA 787 949 1,841 2,897 630 EBITDA Margins (%) 8.35% 8.72% 8.93% 9.19% 9.69% Other Income 299 232 517 506 111 D
Slide 19: Historical Standalone Balance Sheet
Historical Standalone Balance Sheet Particulars (INR Mn) FY21 FY22 FY23 Particulars (INR Mn) FY21 FY22 FY23 ASSETS EQUITY AND LIABILITIES Non-Current Assets Equity Property, Plant & Equipment 1,865 1,875 2,174 Share Capital 366 367 367 Capital Work in progress 4 14 66 Other Equity 7,404 8,697 10,294
Slide 20: Historical Consolidated Financial Performance
Historical Consolidated Financial Performance Particulars (INR Mn) FY20 FY21 FY22 FY23 Q1-FY24 Operational Income 11,024 13,047 23,433 35,280 7,367 Total Expenses 10,205 11,923 21,374 32,101 6,612 EBITDA 819 1,124 2,059 3,179 755 EBITDA Margins (%) 7.43% 8.62% 8.79% 9.01% 10.25% Other Income 261 257
Slide 21: Historical Consolidated Balance Sheet
Historical Consolidated Balance Sheet Particulars (INR Mn) FY21 FY22 FY23 Particulars (INR Mn) FY21 FY22 FY23 ASSETS EQUITY AND LIABILITIES Non-Current Assets Equity Property, Plant & Equipment 2,064 2,085 2,366 Share Capital 366 367 367 Capital Work in progress 4 14 69 Other Equity 7,652 8,790 10,4
Slide 22: Consolidated Historical Financial Trend
Consolidated Historical Financial Trend Revenue (INR Mn) OPERATING EBITDA (INR Mn) PAT (INR Mn) 40,000 35,280 1.2 3,500 3,179 25.00%3,000 35,000 1 3,000 2,500 2,398 20.00% 30,000 2,500 25,000 23,433 0.8 2,059 2,000 15.00% 2,000 1,502 20,000 0.6 1,500 1,500 7.97% 15,000 13,047 1,124 10.25% 10.00% 11,
Slide 23: Capital Market Data
Capital Market Data 1-Year Stock Performance up to 30th June 2023 30.00% 20.00% 10.00% 0.00% -10.00% -20.00% Jul-22 Aug-22 Sep-22 Oct-22 Nov-22 Dec-22 Jan-23 Feb-23 Mar-23 Apr-23 May-23 Jun-23 Praj Industries Sensex Shareholding Pattern (As on 30th June 2023) Dividend Pay out ratio (%) PRICE DATA (A
Slide 24: Disclaimer
Disclaimer Praj Industries Limited No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Such information and opinions are in all events