Praj Industries Limited · NSE:PRAJIND
Praj Industries — Q2 FY25 Earnings Presentation
27 slides from Praj Industries's earnings presentation, Jul 1, 2024
Slide 1: Earnings Presentation – Q2/H1-FY25
Earnings Presentation – Q2/H1-FY25
Slide 2: Company at a Glance
Company at a Glance 2021 40 Years of Legacy Presence across 1800+ 90+ research 4 manufacturing 100+ countries employees scientists facilities 400+ 40%+ business from ~10% 1000++ 400 + patents repeat customers Global ethanol production References/plants overseas references market share* worldwide 3-Y
Slide 3: Company Overview
Company Overview • Incorporated in 1983 under the visionary leadership of technocrat Operational Revenue (INR Mn) Dr. Pramod Chaudhari. 40,000 35,280 34,663 25.00% 35,000 • Praj Industries Ltd. (Praj) has grown to become one of the most reputed 30,000 20.00% and technologically advanced biotechnolog
Slide 4: Business Segments
Business Segments High Purity Solutions Water Systems Modular Process Systems Value Added Services Bio Energy 1G & 2G Ethanol Plants Compressed Bio-Gas Future Fuel: SAF, Marine Biofuel, Bio Hydrogen etc. Engineering Businesses Critical process equipment & Modularization GenX Brewery and beverages R&
Slide 5: 1000++ References in 100+ countries across all continents
1000++ References in 100+ countries across all 6 continents.. And Still counting Europe Asia Americas India Africa Praj Industries Limited 5
Slide 6: Q2/H1-FY25 Financial Overview
Q2/H1-FY25 Financial Overview
Slide 7: Q2/H1-FY25 Financial Highlights
Q2/ H1-FY25 Financial Highlights Q2-FY25 Performance (Standalone) Q2-FY25 Performance (Consolidated) INR 7,035 Mn INR 738 Mn 10.49 % INR 8,162 Mn INR 862 Mn 10.56% Operating Income Operating EBITDA EBITDA Margins Operating Income Operating EBITDA EBITDA Margins (10.2) % YoY (6.7) % YoY 39 Bps YoY (7
Slide 8: Quarterly Financial Performance Trend (Consolidated)
Quarterly Financial Performance Trend (Consolidated) Revenues (INR Mn) EBITDA (INR Mn) PAT (INR Mn) 12,000 1400 1000 1,307 919 10,186 900 842 10,000 1200 8,824 800 8,286 8,162 975 704 1000 920 8,000 6,991 840 862 700 624 800 600 538 6,000 500 600 400 4,000 400 300 2,000 200 200 100 - 0 0 Q2-FY24 Q3-
Slide 9: Segmental Revenue (Consolidated)
Segmental Revenue (Consolidated) Bio Energy (INR Mn) Engineering (INR Mn) HiPurity (INR Mn) R 6,980 630 1,930 E 5,600 V 1,280 E 560 N U E Q2-FY24 Q2-FY25 Q2-FY24 Q2-FY25 Q2-FY24 Q2-FY25 Bio Energy (INR Mn) Engineering (INR Mn) HiPurity (INR Mn) R 12,857 1,160 3,350 E 10,640 V 2,278 E 1,051 N U E H1-
Slide 10: Order Intake & Order Backlog
Order Intake & Order Backlog Order Intake (At the end of each quarter, Values in INR. Mn) Q2-FY25 Segmental Order Intake – INR 9,210 Mn Q2-FY25 Geographical Order Intake 11000 1.2 Engineering 10,630 6% Export 6% HiPurity 6% 10500 10,370 1 10000 0.8 9500 0.6 9,240 9,210 9000 8,880 0.4 8500 0.2 8000 0
Slide 11: Q2 H1-FY25 Financial Performance Highlights
Q2 H1 -FY25 Financial Performance Highlights ✓ Although the company has a healthy order book in the bioenergy business, a lower pace of execution impacted the revenue for the quarter. ✓ Improved margins were on account of softening raw material prices and favourable sales mix. ✓ Increase in employee
Slide 12: Q2-FY25 Operational and Industry Highlights (1/2)
Q2-FY25 Operational and Industry Highlights (1/2) 1G Domestic: ✓ 100% order booking on the starchy feedstock ✓ Ban lifted on use of sugar syrup; however, no movement in the market yet. ✓ FCI rice available for procurement, however big challenge on project viability due to high grain prices. ✓ Additi
Slide 13: Q2-FY25 Operational and Industry Highlights (2/2)
Q2-FY25 Operational and Industry Highlights (1/2) 2G: ✓ IOCL Panipat plant recommissioning in progress. CBG: ✓ First international order for Biogas Desulfurization. ✓ Received first order for plant exclusively based on Napier grass. ✓ Healthy enquiry pipeline in domestic market; Increasing enquiries
Slide 14: Inauguration of Demo Plant for BioPolymers
Inauguration of Demo Plant for BioPolymers India's first-of-its-kind Demo Facility for Biopolymers, showcasing indigenously developed integrated Polylactic Acid (PLA) technology. Inaugurated by Hon'ble Union Minister, Dr. Jitendra Singh, Ministry of Science & Technology, in the presence of Dr. Rajes
Slide 15: Commissioning of Demo plant for Corn Oil
Commissioning of Demo plant for Corn Oil • Corn Oil is one of the byproducts at the Corn-based ethanol plant. It is mainly used as feed for biodiesel and also has applications in paint and poultry industry. • The demo plant has been set up at one of our customer’s Corn to Ethanol Plant and has Corn
Slide 16: Quarterly Financial Performance - Standalone
Quarterly Financial Performance - Standalone Particulars (INR Mn) Q2-FY25 Q2-FY24 Y-o-Y Q1-FY25 Q-o-Q Operational Income 7,035 7,833 (10.2)% 6,007 17.1% Expenses 6,297 7,042 (10.6)% 5,147 22.3% EBITDA 738 791 (6.7)% 860 (14.2)% EBITDA Margins (%) 10.49% 10.10% 39 Bps 14.32% (383) Bps Other Income 15
Slide 17: Half Yearly Financial Performance - Standalone
Half Yearly Financial Performance - Standalone Particulars (INR Mn) H1-FY25 H1-FY24 Y-o-Y Operational Income 13,042 14,332 (9.0)% Expenses 11,443 12,912 (11.4)% EBITDA 1,599 1,420 12.6% EBITDA Margins (%) 12.26% 9.91% 235 Bps Other Income 291 465 (37.4)% Depreciation 212 162 30.9% Interest 22 19 15.
Slide 18: Quarterly Financial Performance - Consolidated
Quarterly Financial Performance - Consolidated Particulars (INR Mn) Q2-FY25 Q2-FY24 Y-o-Y Q1-FY25 Q-o-Q Operational Income 8,162 8,824 (7.5)% 6,991 16.8% Expenses 7,300 7,984 (8.6)% 6,071 20.2% EBITDA 862 840 2.6% 920 (6.3)% EBITDA Margins (%) 10.56% 9.52% 104 Bps 13.16% (260) Bps Other Income 135 1
Slide 19: Half Yearly Financial Performance - Consolidated
Half Yearly Financial Performance - Consolidated Particulars (INR Mn) H1-FY25 H1-FY24 Y-o-Y Operational Income 15,153 16,191 (6.4)% Expenses 13,372 14,596 (8.4)% EBITDA 1,781 1,595 11.7% EBITDA Margins (%) 11.75% 9.85% 190 Bps Other Income 255 230 10.9% Depreciation 407 179 NA Interest 96 21 NA Prof
Slide 20: Historical Financial Overview
Historical Financial Overview
Slide 21: Historical Standalone Financial Performance
Historical Standalone Financial Performance Particulars (INR Mn) FY21 FY22 FY23 FY24 H1-FY25 Operational Income 10,885 20,623 31,526 29,896 13,042 Expenses 9,936 18,782 28,629 26,534 11,443 EBITDA 949 1,841 2,897 3,362 1,599 EBITDA Margins (%) 8.72% 8.93% 9.19% 11.25% 12.26% Other Income 232 517 506
Slide 22: Historical Standalone Balance Sheet
Historical Standalone Balance Sheet Particulars (INR Mn) FY23 FY24 H1-FY25 Particulars (INR Mn) FY23 FY24 H1-FY25 ASSETS EQUITY AND LIABILITIES Non-Current Assets Equity Property, Plant & Equipment 2,174 2,359 2,274 Capital Work in progress 66 22 50 Share Capital 367 368 368 Investment Property 137
Slide 23: Historical Consolidated Financial Performance
Historical Consolidated Financial Performance Particulars (INR Mn) FY21 FY22 FY23 FY24 H1-FY25 Operational Income 13,047 23,433 35,280 34,663 15,153 Expenses 11,923 21,374 32,101 30,784 13,372 EBITDA 1,124 2,059 3,179 3,879 1,781 EBITDA Margins (%) 8.62% 8.79% 9.01% 11.19% 11.75% Other Income 257 24
Slide 24: Historical Consolidated Balance Sheet
Historical Consolidated Balance Sheet Particulars (INR Mn) FY23 FY24 H1-FY25 Particulars (INR Mn) FY23 FY24 H1-FY25 ASSETS EQUITY AND LIABILITIES Non-Current Assets Equity Property, Plant & Equipment 2,366 4,072 4,161 Share Capital 367 368 368 Capital Work in progress 69 32 66 Other Equity 10,413 12
Slide 25: Consolidated Historical Financial Trend
Consolidated Historical Financial Trend Revenue (INR Mn) OPERATING EBITDA (INR Mn) PAT (INR Mn) 40,000 4,500 25.00%3,000 2,834 35,280 34,663 3,879 35,000 4,000 2,500 2,398 30,000 3,500 3,179 20.00% 25,000 23,433 3,000 2,000 15.00% 2,500 1,781 1,502 20,000 2,059 1,500 1,380 15,153 2,000 15,000 13,047
Slide 26: Capital Market Data
Capital Market Data 1-Year Stock Performance up to 30th September 2024 40.00% 30.00% 20.00% 10.00% 0.00% -10.00% -20.00% -30.00% Oct-23 Nov-23 Dec-23 Jan-24 Feb-24 Mar-24 Apr-24 May-24 Jun-24 Jul-24 Aug-24 Sep-24 Praj Industries Sensex Shareholding Pattern (As on 30th September 2024) Dividend Pay ou
Slide 27: 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