Slide 1: Stock exchange cover letter: Investors' Presentation
DCW LIMITED May 12, 2023 To, National Stock Exchange of India Ltd. BSE Limited Exchange Plaza Bldg. Department of Corporate Services, 5th Floor, Plot No.C-1 1st floor, New Trading Ring 'G' Block, Near Wockhardt, Rotunda Building, Bandra Kurla Complex Phiroze Jeejeebhoy Towers, Mumbai 400 051. Dalal
Slide 2: DCW Limited Earning Presentation Q4-FY23/FY23
DCW Limited Earning Presentation Q4-FY23/FY23 1
Slide 3: Snapshot
Snapshot BUSINESS 8+ 2 Pioneer Leading Largest and Unique Decades of State-of-the-Art In India Soda Ash, C-PVC, Manufacturer of Commercial scale Experience Integrated Synthetic Rutile & C-PVC and SIOP manufacturer of SIOP in Manufacturing Units SIOP in India Asia OPERATIONS 12+ 2,000+ Zero 58 MW ~2,
Slide 4: Business Overview
Business Overview Financial Highlights Historical Financial Overview 3
Slide 5: Company Overview
Company Overview Operating Revenue (INR Mn) and EBITDA Margins (%) • Incorporated in 1939, DCW Ltd. was established as Dhrangadhra Chemical Works at Dhrangadhra, 26,338 Gujarat as India’s first Soda Ash plant. 24,547 • Since then DCW has pioneered and created a strong presence in the Chlor-Alkali, S
Slide 6: Key Milestones
Key Milestones Growth in Commodity Chemicals Expansion towards Specialty Chemicals Setup one of the Entered into a Technical Commenced Commissioning of the first integrated License and Support production of 1st Chlor-alkali Plant at plants in India to Agreement with Rockwood and only Sahupuram in Ta
Slide 7: Marquee Customers
Marquee Customers Commodity Chemicals Specialty Specialty Chemicals Chemicals 6
Slide 8: Value Proposition
Value Proposition Significant Scale-up Opportunities Technology Tie-ups Diversified Application Base Niche & Diversified Product Mix Over 2,500- acre land bank available at Licensed technology from Arkema Catering to over 15 industries with Diversified product mix of Sahupuram facility provides easy
Slide 9: Capital Expenditure
Capital Expenditure To further strengthen its position, DCW has planned a capital expenditure of INR 125 Crs to make further inroads into Specialty Chemicals and expand its CPVC capacity and with line-balancing capex to increase the utilization of SIOP capacity to near 100% from current levels Upcom
Slide 10: Financial Highlights
Business Overview Financial Highlights Historical Financial Overview 9
Slide 11: Key Financial and Operational Highlights
Key Financial and Operational Highlights Q4-FY23 Financial Performance Q4/FY23 Operational Highlights: Q4-FY23: Revenue from EBITDA EBITDA Margins • Flat growth in operational income on a QoQ basis due to fall in Caustic Operations & SR prices by 37% & 31% QoQ respectively, which was countered by IN
Slide 12: Quarterly Key Segmental Performance
Quarterly Key Segmental Performance Revenue (INR Mn) & EBITDA Margin (%) C-PVC SIOP Caustic Division PVC Soda Ash 626 2,275 3,465 545 408 989 473 898 379 2,053 671 1,699 1,907 1,932 39.7% 358 31.2% 39.0% 20.0% 24.3% 28.3% 30.8% 19.7% 23.0% 12.5% 11.4% 0.5% 13.9% 10.9% -1.4% Q4-FY22 Q3-FY23 Q4-FY23 Q
Slide 13: Yearly Key Segmental Performance
Yearly Key Segmental Performance Revenue (INR Mn) & EBITDA Margin (%) C-PVC SIOP Caustic Division PVC Soda Ash 2,190 9,561 12,434 3,621 2,153 1,539 6,702 9,279 1,075 2,024 34.5% 32.4% 28.4% 13.1% 17.1% 27.1% 18.7% 10.1% -0.8% -0.7% FY22 FY23 FY22 FY23 FY22 FY23 FY22 FY23 FY22 FY23 Production (in MT)
Slide 14: Quarterly Consolidated Financial Performance
Quarterly Consolidated Financial Performance Particulars (INR Mn) Q4-FY23 Q4-FY22 Y-o-Y Q3-FY23 Q-o-Q Operational Income 5,881 7,072 (16.8)% 5,792 1.5% Total Expenses 4,886 6084 (19.7)% 4,777 2.3% EBITDA 995 988 0.7% 1,015 (2.0)% EBITDA Margins (%) 16.92% 13.97% 295 Bps 17.52% (60) Bps Other Income
Slide 15: Annual Consolidated Financial Performance
Annual Consolidated Financial Performance Particulars (INR Mn) FY23 FY22 Y-o-Y Operational Income 26,338 24,547 7.3% Total Expenses 22,053 21,299 3.5% EBITDA 4,285 3,248 31.9% EBITDA Margins (%) 16.27% 13.23% 304 Bps Other Income 153 61 NA Depreciation 902 885 1.9% Interest 1,261 1,131 11.5% Profit
Slide 16: Historical Financial Overview
Business Overview Financial Highlights Historical Financial Overview 15
Slide 17: Historical Income Statement
Historical Income Statement Particulars (INR Mn) FY19 FY20 FY21 FY22 FY23 Operational Income 13,528 12,773 14,643 24,547 26,338 Total Expenses 11,909 11,308 12,549 21,299 22,053 EBITDA 1,619 1,465 2,094 3,248 4,285 EBITDA Margins (%) 11.97% 11.47% 14.30% 13.23% 16.27% Other Income 36 85 113 61 153 D
Slide 18: Historical Balance Sheet
Historical 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 13,962 13,386 12,839 Share Capital 522 522 590 Other Equity 6,350 7,496 9,661 Capital Work in progress 38 81 597 Total
Slide 19: Financial Performance
Financial Performance Revenue From Operations (INR Mn) EBITDA (INR Mn) & EBITDA Margins % PAT (INR Mn) 26,338 4,285 24,547 1,920 3,248 13,528 14,643 1,075 12,773 2,094 1,619 1,465 16.27% 14.30% 13.23% 11.97% 11.47% 38 FY19 FY20 FY21 FY22 FY23 -43 -268 FY19 FY20 FY21 FY22 FY23 FY19 FY20 FY21 FY22 FY2
Slide 20: Capital Market Data
Capital Market Data Stock Performance Data (As on 31st March, 2023) 50.00% 40.00% 30.00% 20.00% 10.00% 0.00% -10.00% -20.00% -30.00% Apr-22 May-22 Jun-22 Jul-22 Aug-22 Sep-22 Oct-22 Nov-22 Dec-22 Jan-23 Feb-23 Mar-23 DCW Sensex Price Data (As on 31st March, 2023) INR Shareholding Pattern (As on 31st
Slide 21: Disclaimer
Disclaimer DCW Ltd. 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 not current af
Slide 22: Thank You
THANK YOU 21