Slide 1: Q1 FY23 Results Presentation
RESPONSIBLE CHEMISTRY Q1 FY23 Results Presentation 04 August, 2022
Slide 2: Contents
Contents RESPONSIBLE CHEMISTRY Company Overview 3 Q1 FY23 Results & Updates 5 Key Developments 9 Performance of Strategic Business Units 11 Annexures 17 2
Slide 3: Deepak: Overview – Leading Chemical Intermediates player
Deepak: Overview – Leading Chemical Intermediates player RESPONSIBLE CHEMISTRY Company Overview 30+ 56+ 1,000+ Products Applications Customers Deepak Nitrite (DNL) is one of the fastest growing and Company trusted chemicalOverview intermediates company in India with a diversified portfolio of produc
Slide 4: Company overview: Exemplary track record
Company overview: Exemplary track record RESPONSIBLE CHEMISTRY Seizing the opportunity Excellence in execution Value creation Delivered marked improvement Sustained increase in return ratios, Consistently rewarded across various parameters with debt levels at all-time low shareholders Market Cap. (i
Slide 5: Performance highlights – Q1 FY23
Performance highlights – Q1 FY23 RESPONSIBLE CHEMISTRY Consolidated Key numbers Performance Q1 FY23 vs Q1 FY22 Consolidated Takeaways Revenue growth of 35% yoy has been achieved despite the loss of production at Nandesari unit for nearly one month during the quarter due to unfortunate incident of fi
Slide 6: Key Developments….(1/2)
Key Developments….(1/2) RESPONSIBLE CHEMISTRY Update on Fire Incident ➢ On June 2, 2022, an unfortunate fire occurred in the warehouse section of the manufacturing facility at Nandesari, Gujarat. This incident led to damage of certain property, plant and equipment, inventory and has interrupted busi
Slide 7: Key Developments….(2/2)
Key Developments….(2/2) RESPONSIBLE CHEMISTRY Merging of Strategic Business Units (SBUs) ➢ Owing to increasing number of facilities catering multi-products, integrated production processes, similar economic characteristics of products and business scenario, the Chief Operating Decision Maker (CODM)
Slide 8: Performance overview & other highlights….(1/2)
Performance overview & other highlights….(1/2) RESPONSIBLE CHEMISTRY ➢ In the backdrop of volatile prices, continued challenges with logistics and sharp fluctuation in forex rates, the Company has reported a resilient performance which was premised on diversified product portfolio with deep capabili
Slide 9: Performance overview & other highlights….(2/2)
Performance overview & other highlights….(2/2) RESPONSIBLE CHEMISTRY ➢ Q1 FY23 was witness to high volatility in exchange rate (₹/$), resulting in fluctuation of 5.33% (highest at 79.00 and lowest at 75.00). The Company resorted to dynamic hedging strategies to reduce risk of forex volatility, which
Slide 10: Q1 FY23 – Financial Highlights
Q1 FY23 – Financial Highlights RESPONSIBLE CHEMISTRY Revenue (Rs. Cr.) EBITDA (Rs. Cr.) PAT (Rs. Cr.) 2,068 303 1,876 460 267 Y-o-Y 414 Y-o-Y Y-o-Y 1,534 235 35% 366 * -20% -22% Q-o-Q Q-o-Q Q-o-Q 10% -12% -12% Q1 FY22 Q4 FY22 Q1 FY23 Q1 FY22 Q4 FY22 Q1 FY23 Q1 FY22 Q4 FY22 Q1 FY23 ➢ The Co
Slide 11: CMD Message
CMD Message RESPONSIBLE CHEMISTRY “We are pleased to deliver a resilient performance this quarter enabling us to begin FY23 on an encouraging note with healthy topline growth. Stable demand and strong output, predicated on high plant efficiency served as the primary growth drivers. We continue to en
Slide 12: Advanced Intermediates
Advanced Intermediates RESPONSIBLE CHEMISTRY Revenue (Rs. Cr.) EBITDA (Rs. Cr.) 739 149 146 532 Q1 FY22 Q1 FY23 Q1 FY22 Q1 FY23 Key Highlights Inputs for Advanced Q1 FY23 Vs Q1 FY22 Intermediates ➢ High exchange rate volatility was witnessed during the quarter, in addition to steep inflation in key
Slide 13: Phenolics
Phenolics RESPONSIBLE CHEMISTRY Revenue (Rs. Cr.) EBITDA (Rs. Cr.) 1,338 313 1,003 217 Q1 FY22 Q1 FY23 Q1 FY22 Q1 FY23 Key Highlights Inputs for Phenolics Q1 FY23 Vs Q1 FY22 Propylene 29% ➢ Strong topline performance steered by volume gains and maintaining customer wallet share across key Benzene 38
Slide 14: Update on Projects
Update on Projects RESPONSIBLE CHEMISTRY Key updates ➢ In order to enhance its backward integration capabilities, the Company has proposed to add new capacities of key raw materials. This will not only ensure stable supply of key inputs, but also offer margin advantage ➢ The Company is also expandin
Slide 15: Outlook
Outlook RESPONSIBLE CHEMISTRY ✓ DNL will tend to significantly gain from immense opportunities unfolding in the sector through ‘Make in India for the World’ initiative as well as strong recurrence of China+1 strategy ✓ Moreover, Rs. 15 billion worth of projects lined up by the Company across key pro
Slide 16: Consolidated P&L Statement
Consolidated P&L Statement RESPONSIBLE CHEMISTRY Particulars (Rs. crore) Q1 FY23 Q1 FY22 Y-o-Y (%) FY22 Revenue 2,058 1,526 35% 6,802 Other Income 10 8 16% 43 Total Revenue 2,068 1,534 35% 6,845 Total Expenditure 1,702 1,075 58% 5,198 • Raw Material consumption and 1,361 820 66% 4,114 change in inve
Slide 17: Consolidated Segmental Financials – Revenue
Consolidated Segmental Financials – Revenue RESPONSIBLE CHEMISTRY Particulars (Rs. crore) Q1 FY23 Q1 FY22 Y-o-Y (%) FY22 Advanced Intermediates 730 527 38% 2,511 Phenolics 1,335 999 34% 4,303 Less - Inter segment 7 0.1 12 Total 2058 1526 35% 6802 17
Slide 18: Consolidated Segmental Financials – EBITDA & Margin
Consolidated Segmental Financials – EBITDA & Margin RESPONSIBLE CHEMISTRY Particulars (Rs. crore) Q1 FY23 Q1 FY22 Y-o-Y (%) FY22 EBITDA Advanced Intermediates 151 145 4% 675 Phenolics 212 313 -32% 974 EBITDA % Advanced Intermediates 21% 28% 27% Phenolics 16% 31% 23% 18
Slide 19: About Us & Contact Details
About Us & Contact Details RESPONSIBLE CHEMISTRY Deepak Nitrite Limited (NSE: DEEPAKNTR, BSE: 506401) is one of the For further information, please contact: leading chemical intermediates with diversified portfolio that caters to the dyes and pigments, agrochemical, pharmaceutical, plastics, textile
Slide 20: Disclaimer
RESPONSIBLE CHEMISTRY This presentation contains forward-looking statements that involve risks and uncertainties. When used in this presentation, the words ‘anticipate,’ ‘belief,’ ‘estimate,’ ‘expect,’ ‘intend,’ ‘will’ and other similar expressions as they relate to the Company and its Businesses ar
Slide 21: Thank You
Thank You RESPONSIBLE CHEMISTRY