Laxmi Organic Industries Ltd. · NSE:LXCHEM
Laxmi Organic Industries — Q4 FY23 Earnings Presentation
21 slides from Laxmi Organic Industries's earnings presentation, May 15, 2023
Slide 1: Intimation of analyst meet presentation to exchanges
May 15, 2023 BSE Limited National Stock Exchange of India Limited Corporate Relationship Department, Exchange Plaza, Bandra Kurla Complex, 1st Floor, New Trading Ring, Bandra (E), Rotunda Building, P. J. Towers, Mumbai – 400 051 Dalal Street, Fort, Trading Symbol: LXCHEM Mumbai – 400 001 Scrip Code:
Slide 2: Investor Presentation – Q4 FY23 | May, 2023
LAXMI ORGANIC INDUSTRIES LTD w w w. l a x m i . c o m Investor Presentation – Q4 FY23 | May, 2023 1
Slide 3: Disclaimer
Disclaimer This presentation and the accompanying slides (the “Presentation”), have been prepared by Laxmi Organics Limited (the “Company”) solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities and shall not form the
Slide 4: Agenda
Agenda 01 Business Overview 02 Strategic Overview 03 Financial Drivers & Performance 3
Slide 5: Business Overview
Business Overview 4
Slide 6: Growing & Diversified Portfolio Across Chemistries
Growing & Diversified Portfolio Across Chemistries AI SI FI Acetyl Specialty Fluoro-Specialty Intermediaries Intermediaries Intermediaries o #1 in India o #1 in India o USD 2.5bn go to market o 6th largest globally o >30 products via R&D o World class technology o Capacity : >2,32,000 TPA o High & g
Slide 7: Key Growth Enablers in Place
Key Growth Enablers in Place STRONG INFRASTRUCTURE CUSTOMERS BALANCE SHEET Company & EHS Competitor • Well Invested Infrastructure • Diversified customer base • Responsible growth • World class technologies across • Essential, lifestyle and industrial • Prudent leverage – credit chemistries industri
Slide 8: Strategic Overview
82 Strategic Overview
Slide 9: Consolidating Growth & Building for Future
Consolidating Growth & Building for Future Diversification & Growth Consolidation & Growth Particulars FY11-FY14 FY15-FY18 FY19-FY22 FY23 AI Revenue Contribution 77% 63% 60% 65% SI Revenue Contribution 23% 37% 40% 35% EBITDA CAGR (%) 4% 22% 31% 70% EBITDA from SI Average Capex p. a.(INR Cr) 46.7 49.
Slide 10: The Way Forward
The Way Forward Revenue & EBITDA Growth Estimates Future Drivers o Acetyl Intermediaries: o Continue to be the Green champions 16.5% o Augment product portfolio with smart capex 15% SI o Market retention and industry diversification 35% % Contribution to Revenue o Specialty Intermediaries: SI SI 10%
Slide 11: De-risked Business Model
De-risked Business Model Robust Export Share Diversified Industry Base FY23 % of sales Domestic Export 29% Pharma 44% Agro Colour & Pigment Printing & packaging 15% 62% 38% 63% 37% 71% 29% 67% 33% 66% 34% 12% Q4 FY 22 Q1 FY23 Q2 FY23 Q3 FY23 Q4 FY23 Contribution from top 10 customers Building Deeper
Slide 12: Financial Drivers & Performance
Financial Drivers & Performance 11
Slide 13: Acetyl Intermediaries: FY23 In Focus
Acetyl Intermediaries: FY23 In Focus ETAC FOB Re-based Business Overview 200 180 160 o Volumes in the business remained strong with ca. 40% of the 140 sales coming from exports 120 100 80 o New product augmentation in the latter part of the year led to 60 40 portfolio diversification 20 - o Continue
Slide 14: Specialty Intermediaries: FY23 In Focus
Specialty Intermediaries: FY23 In Focus Product Mix Optimization - Rebased 108 Business Overview 104 100 100 o Exports contributed ca. 50% to SI sales: vs ca. 39% in FY 22 driven 96 96 both by volume and price 88 o Product and customer de-risking achieved: Top 5 products contribute ca. 50% to sales
Slide 15: Key Developments Q4FY23 - Input Cost Trends
Key Developments Q4FY23 - Input Cost Trends Coal & Power Cost Trends Coal / Kg Power / Unit 16.0 14.0 Input Costs Softening 12.0 10.0 8.0 6.0 o Coal costs remained high in FY’23 vs FY’22 leading to 4.0 majority of the impact on the consolidated EBITDA 2.0 - Dec'20 Dec'21 Dec'22 Mar'21 Mar'22 Mar'23
Slide 16: Consolidated Financial Highlights: Q4FY23
Consolidated Financial Highlights: Q4FY23 SALES EBITDA PAT EPS (INR Mn) (INR Mn) (INR Mn) (INR) Q4’FY23 ₹ 7370 ₹ 645 ₹ 243 ₹ 0.92 YOY: (16%) (26%) (51%) (66%) QOQ: 12% 11% (11%) (11%) Q4’FY22 ₹ 8,818 ₹ 869 ₹ 701 ₹ 2.65 Q3’FY23 ₹ 6,579 ₹ 580 ₹ 273 ₹ 1.03 CFO / EBITDA ratio for the quarter Q4 FY23 is
Slide 17: Consolidated Financial Highlights: FY23
Consolidated Financial Highlights: FY23 SALES EBITDA CFO/ PAT EPS (INR Mn) (INR Mn) EBITDA (INR Mn) (INR) FY23 ₹ 28,087 ₹ 2,566 97% ₹ 1,246 ₹ 4.70 YOY: (9%) (27%) (52%) (52%) FY22 ₹ 30,991 ₹ 3,825 29% ₹ 2,575 ₹ 9.76 CFO / EBITDA ratio for FY23 is at 97% vs FY22 at 29% LAXMI ORGANIC LIMITED | Q4FY23
Slide 18: Business Unit Overview for FY23
Business Unit Overview for FY23 AI business SI business Contribution to Topline 65% Contribution to Topline 35% Contribution to Profits 30% Contribution to Profits 70% Exports 36% Exports 50% The strength of the SI business is visible in its significant export growth and contribution to profits LAXM
Slide 19: Quarterly Performance – Consolidated Results
Quarterly Performance – Consolidated Results INR Mn Particulars Q4 FY23 Q3 FY23 QoQ (%) Q4 FY22 YoY (%) FY 23 FY 22 YoY (%) Total Income 7,370 6,579 12% 8,818 -16% 28,087 30,991 -9% Cost of Materials 4,880 4,390 11% 6,213 -21% 18,552 21,256 -13% Gross Profits 2,490 2,189 14% 2,605 -4% 9,535 9,735 -2
Slide 20: Delivering Shared Value to all Stakeholders
Delivering Shared Value to all Stakeholders CUSTOMER INTERGRITY SUSTAINABILTY INNOVATION CENTRICITY o Always on the lookout for o Proud partner of many o Signatories to Responsible o To create a culture of customer-specific and well established and well- Care- a voluntary innovation where failure ma
Slide 21: Thank You
THANK YOU For further information, please get in touch with: Kruti Patel Aniket Hirpara kruti@GoIndiaadvisors.com aniket.hirpara@laxmi.com M:+91 8108933441 M:+91 7666830913
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