Excel Industries Limited · NSE:EXCELINDUS
Excel Industries — Q2 & H1 FY24 Earnings Presentation
42 slides from Excel Industries's earnings presentation, Nov 10, 2023
Slide 1: Exchange filing cover letter
IS/ISO9001:2015 IS/ISO14001:2015 IS18001:2007 Excel Industries Ltd. Certifiedby BIS. 10th November, 2023 BSE Ltd. National Stock Exchange of India Ltd. Listing Department, Listing Department, Pheeroze Jeejeebhoy Towers, Exchange Plaza, Dalal Street, Bandra-Kurla Complex, Bandra (E), Fort, Mumbai-400
Slide 2: Excel Industries Limited Q2 & H1 FY24 Investor Presentation
EXCEL INDUSTRIES LIMITED Q2 & H1 FY24 INVESTOR PRESENTATION
Slide 3: Safe Harbour
Safe Harbour This presentation and the accompanying slides (the “Presentation”), which have been prepared by Excel Industries 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 sec
Slide 4: Q2 & H1 FY24 Financial Performance
Q2 & H1 FY24 Financial Performance 3
Slide 5: Q2 & H1 FY24 Results Highlights (Standalone)
Q2 & H1 FY24 Results Highlights (Standalone) Q2 FY24 H1 FY24 ₹ 198.0 Cr ₹ 2.7 Cr (₹ 0.6 Cr) ₹ 412.3 Cr ₹ 9.5 Cr ₹ 5 Cr Revenue EBITDA PAT Revenue EBITDA PAT • In Q2 FY24, Excel Industries generated a revenue of ₹ 198 Cr, reflecting a 8% decline from Q1 FY 24 due to adverse global economic conditions
Slide 6: Standalone performance in Q2 FY24
Standalone performance in Q2 FY24 Revenue (₹ in Crs) EBITDA (₹ in Crs) PAT (₹ in Crs) 7 6 214 198 3 Q1FY24 Q2 FY24 Q1FY24 Q2 FY24 -1 Q1 FY24 Q2 FY24 Revenue Profile (₹ in Crs) EBITDA Margin (%) PAT Margin (%) 3.2% 2.6% 214 198 1.4% 179 165 35 33 Q1 FY24 Q2 FY24 Q1 FY24 Q2 FY24 -0.3% Domestic Exports
Slide 7: Standalone performance in H1 FY24
Standalone performance in H1 FY24 Revenue (₹ in Crs) EBITDA (₹ in Crs) PAT (₹ in Crs) 88 57 641 412 9 5 H1 FY23 H1 FY24 H1 FY23 H1 FY24 H1 FY23 H1 FY24 Revenue Profile (₹ in Crs) EBITDA Margin (%) PAT Margin (%) 641 13.7% 9.0% 412 508 344 2.3% 1.2% 133 68 H1 FY23 H1 FY24 H1 FY23 H1 FY24 H1 FY23 H1 F
Slide 8: Standalone Profit and loss Statement
Standalone Profit and loss Statement Particulars (₹ in Crs) Q2 FY24 Q1 FY24 Q-o-Q Q2 FY23 Y-o-Y H1 FY24 H1 FY23 Y-o-Y Revenue from Operations 198.0 214.3 -7.6% 311.9 -36.5% 412.3 640.8 -35.7% Cost of goods sold 125.1 133.8 188.3 258.9 370.4 Gross Profit 72.9 80.5 -9.4% 123.6 -41.0% 153.4 270.4 -43.3
Slide 9: Standalone Balance Sheet
Standalone Balance Sheet Assets (₹ in Crs) H1 FY24 Mar’23 Equity & Liabilities (₹ in Crs) H1 FY24 Mar’23 Non-Current Assets Equity Property, plant and equipment 371.9 386.1 Equity Share Capital 6.3 6.3 Right to use assets 21.3 21.5 Other Equity 1018.4 985.4 Capital Work-in-Progress 26.8 19.3 Total E
Slide 10: Consolidated Profit and loss Statement
Consolidated Profit and loss Statement Particulars (₹ in Crs) Q2 FY24 Q1 FY24 Q-o-Q Q2 FY23 Y-o-Y H1 FY24 H1 FY23 Y-o-Y Revenue from Operations 198.0 214.3 -7.6% 311.9 -36.5% 412.3 640.8 -35.7% Cost of goods sold 125.1 133.8 188.3 258.9 370.4 Gross Profit 72.9 80.5 -9.4% 123.6 -41.0% 153.4 270.4 -43
Slide 11: Consolidated Balance Sheet
Consolidated Balance Sheet Assets (₹ in Crs) H1 FY24 Mar’23 Equity & Liabilities (₹ in Crs) H1 FY24 Mar’23 Non-Current Assets Equity Property, plant and equipment 371.9 386.1 Equity Share Capital 6.3 6.3 Right to use assets 21.3 21.5 Capital Work-in-Progress 26.8 19.3 Other Equity 1383.4 1235.5 Inve
Slide 12: Excel Industries Ltd. Pioneer in Chemical and Environment Management business
Excel Industries Ltd. Pioneer in Chemical and Environment Management business 11
Slide 13: Diversified Business Segments
Diversified Business Segments… Excel Industries Limited Chemicals Environment & Biotech Agrochem Intermediates Organic Waste Management Composting & Biogas Specialty Chemicals Municipal Solid Waste Management Polymer Additives Plastic Waste Management Pharmaceuticals Construction & Demolition Interm
Slide 14: Diversified Product Portfolio
… Diversified Product Portfolio Chemicals ENVIRON - BIOTECH Integrated MSW 01 Agrochemical intermediates 01 • Manufacturing of Compost, Refuse derived fuel (RDF), Recovery of Metals • P2S5, PCl3, PCl5, PSCl3, DETC, DMTC, DMPAT, NaTCP and Plastics recovery & recycling 02 Speciality Chemicals 02 Excel
Slide 15: Diversified Product Applications
… Diversified Product Applications Agrochemical Corrosion Inhibitors Polymer Aids and Pharma & Veterinary Other Organic Intermediates & Chelating Agents Property modifiers Intermediates Organophosphorus Oilfield and Lube additive Water treatment Soaps & Detergents Mining additives Insecticides and H
Slide 16: Environment & Biotech
Environment & Biotech Description Product Uses Process • Can handle waste • Residential societies quantities up to 2 MT • Hotels/Restaurants EXCEL per day. • Educational Institutes ORGANIC • Decentralized • Omce Canteens WASTE organic waste treatment system. • Hospital Kitchen/Canteen CONVERTOR • In
Slide 17: Company Overview
Company Overview
Slide 18: Excel Industries At Glance
Excel Industries At Glance Established in Rs. 1090Cr 1941 Revenue* • Established in 1941 with an objective to make India self reliant in chemicals by developing indigenous chemical technologies • Excel Industries manufactures complex products through 2 3 Mfg the best-in-class technological setup Seg
Slide 19: Journey So Far
Journey So Far Pre 1970’s 1970’s 1980’s 1990’s 2000’s 2010’s 2020’s 1941 - Excel 1971 - Excel goes 1983 – Manufacture of 1991 – Excel 2000 - Excel 2012 - Inauguration of 2020 –Environmental industries founded public, with our first DETC commenced at celebrates golden develops a co- Pharma facility a
Slide 20: Executive Leadership Team
Executive Leadership Team Mr. Ashwin C. Shroff Mr. Ravi A. Shroff Executive Chairman Managing Director • He has been part of the Company since 1965 • He is a third generation industrialist who is and his leadership continues to inspire the qualified as a Chemical Engineer with Masters entire group t
Slide 21: Eminent Board
Eminent Board Mr. Dipesh K. Shroff Mr. Atul G. Shroff Mr. Harish N. Motiwalla An industrialist with vast experience in the Chemicals and Mr. Motiwalla is a Chartered Accountant and a highly Agrochemicals Industries, Mr. Dipesh K Shroff serves as the A highly experienced Industrialist, Mr. Atul Shrof
Slide 22: State Of The Art Manufacturing Facilities
State Of The Art Manufacturing Facilities LOTE • This site is a leading producer of Organo phosphonates which are used as chelating agents in a wide range of applications including water treatment, soaps and detergents, textile auxiliaries and I & I cleaners. ROHA • Products manufactured in this sit
Slide 23: Awards & Accolades
Awards & Accolades Jamnalal Bajaj fair business ENCON, Govt of India Award PC Ray award for Indigenous for Energy Efficiency Technology Practices Award 1992 2004 1965 ICC Lifetime Achievement JSW Earth Care Award to ICC Product Stewardship Award to Mr. Ashwin Shroff Excel’s NGO ,VRTI for CSR Award 2
Slide 24: Awards & Accolades
Awards & Accolades Certificate for Longest Accident Free period & Lowest Frequency Rate Certificate of Appreciation from National Safety Council of India Shrestha Suraksha Puraskar in Chemical Manufacturing Sector for the year 2021 from National Safety Council of India Leading Company Contributing T
Slide 25: Awards & Accolades (2/2)
Awards & Accolades (2/2) FICCI Chemicals and Petrochemicals "Make in India Partnering Award” was 2022 : ICC Certificate of Merit. Category : I Awards 2022“ Category "Sustainability : presented to Excel during Rallis' Annual Management of Health and Safety 2021 Excellence in Safety vendor meet
Slide 26: Certifications & Accreditations
Certifications & Accreditations ISO Accreditations GMP Certificate ISO 9001:2015 ISO 14001:2015 ISO 45001:2018 Local GMP WHO GMP Responsible Care Drug Manufacturing Pharma Stock Certificate License and Sale license 25
Slide 27: Ethical responsibility - Pillar of our CSR
Ethical responsibility - Pillar of our CSR 26
Slide 28: Excel's Three Pillars of Sustainability
Excel’s Three Pillars of Sustainability All Three Aspects – People, Profit and Planet must be balanced to ensure Sustainability People in Excel Industries Planet refers to the are guaranteed a work commitment by Excel environment where Industries to employees find implement value in what environment
Slide 29: Corporate Social Responsibility
Corporate Social Responsibility • Engaged in CSR initiatives since inception. • Endevors towards creating positive change for the environment and the communities we serve. • Committed to the UN’s Sustainability Development Goals. ₹ 10+ Crs spent on CSR activities in last 5 years 28
Slide 30: Protecting the Environment
Protecting the Environment Water Security Through Community Animal Husbandry Check Dam:Moravane, Drinking Water Facility:Sakhar, Biofloc Units : Yashwantkhar, Kadba Kutti - Animal Fodder Chiplun, Ratnagiri Khed, Ratnagiri Roha, Raigad Distribution - Dhamansai, Belwadi, Gavthan, Roha, Raigad Rural De
Slide 31: Social Upliftment
Social Upliftment Women Empowerment Skylamp Training, Natunagar, Masala Preparation Training Programme : Cake Training Certificats Programme : VRTI Support For Cashew Processing Machine, Khed, Ratnagiri Devkanha, Roha, Raigad training hall, Roha, Raigad Sangmeshwar, Ratnagiri Education Health Gunvat
Slide 32: Industry has a Huge Potential
Industry has a Huge Potential
Slide 33: Global Industry Overview
Global Industry Overview… China-plus-one MARKET SEGEMENTATION The Global Specialty Chemical Industry was valued at $910Bn in 2021 and is projected to reach $1240Bn by 2026, growing at a CAGR of - Agrochemicals - Specialty Polymers - Surfactants 6.4% from 2021 to 2026*. - Dyes and Pigments - Textile
Slide 34: Indian industry growing at double digit
…Indian industry growing at double digit FDI inflows in the chemicals sector reached US$ 19.09 billion from 2000 to 2021. (Source: IBEF) The Indian Chemical Industry promised The Indian Specialty Chemical Industry was investors prior to COVID 19 return of close valued at $41Bn in 2021 and is project
Slide 35: Resilient Financial Performance
Resilient Financial Performance 34
Slide 36: Strong performance over the decade
Strong performance over the decade (Standalone) Consistent dividend 28% 10% pay out 16% CAGR Growth in CAGR Revenue Growth CAGR PAT Growth in Over the last 10 shareholder wealth in in last 10 years last 10 years years. last 10 years
Slide 37: Resilience in business visible in numbers
Resilience in business visible in numbers REVENUE (Rs in Crs) EBITDA (Rs in Crs) PAT (Rs in Crs) (Standalone) Chemicals ENBT 249 160 230 152 1.178 1.090 825 93 702 749 129 127 121 78 70 1.153 1.067 806 685 730 19 18 20 25 23 2019 2020 2021 2022 2023 2019 2020 2021 2022 2023 2019 2020 2021 2022 2023
Slide 38: Disciplined capital allocation
Disciplined capital allocation (Standalone) Return on Capital Employed Return on Equity 61% 34% 23% 34% 19% 24% 14% 11% 19% 13% 2019 2020 2021 2022 2023 2019 2020 2021 2022 2023 WORKING CAPITAL ANALYSIS# Net Debt / Equity -0.11 -0.01 -0.08 -0.07 -0.14 62 139 78 84 70 52 56 73 75 55 60 36 60 44 51 21
Slide 39: Consistent shareholder returns
Consistent shareholder returns FY19 FY20 FY21 FY22 FY23 Rs 138.6 crores Rs 15.7 crore Rs 36.1 crore Rs 14.1 crore Rs 28.3 crore Rs 14.1 crore Returned to Dividend Payout Dividend Payout Dividend Payout Dividend Payout Dividend Payout shareholders in the last 10 years 36.1 28.3 15.7 14.1 14.1 8.0 7.5
Slide 40: Capital allocation over the last few years
Capital allocation over the last few years Capital Expenditure Capacity Expansion New Products The company executed Rs 316 Crs of Received EC from regulatory bodies to increase Capex throughout the course of the four- its production capabilities and product Introduced capacities for new products lik
Slide 41: Key takeaways
Key takeaways Sustainable Industrial Enhancing Changing Capturing Consumer oriented solutions processes R&D landscapes opportunities approach Delivering sustainable Sustainability helps to Enhancing R&D Recognizes the Many companies are The new product solutions for a better reduce carbon footprint
Slide 42: Thank You
Thank You Company : Investor Relations Advisors : Excel Industries Limited CIN: L24200MH1960PLC011807 Mr. Bhavya Shah: +91 8082748577 Mr. Devendra Dosi, CFO bhavya.shah@linkintime.co.in Chief Financial Officer Mr. Nachiket Kale : +91 9769060608 Email: devendra.dosi@excelind.com nachiket.kale@linkint
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