Slide 1: Cover letter to stock exchanges
From Corporate Office: 510, A Wing, Kohinoor City C—l GRP Kirol Road, Off L.B.S. Marg, Kurla (W) Mumbai - 400 070, India T: +91 22 6708 2600 / 2500 F: +91 22 6708 2599 IMPACT POSITIVE GRP/Ml 3 H 0 /2019 13.02.2019 To To BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers,
Slide 2: GRP Limited Investor Presentation February 2019
GRP Limited Investor Presentation February 2019
Slide 3: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by GRP 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 securities, and s
Slide 4: Performance Highlights
Performance Highlights GRP» IMPACT POSITIVE
Slide 5: Performance Highlights for Q3FY19
Performance Highlights for Q3FY19* (in Rs. Mn) Revenue Gross Profit EBIDTA PAT +9% +12% +46% +59% 976.5 510.7 94.2 35.0 899.0 457.0 64.3 22.0 Q2FY19 Q3FY19 Q2 FY19 Q3 FY19 Q2FY19 Q3FY19 Q2FY19 Q3FY19 Revenue / Profitability • Growth in revenue is a reflection of improved performance from Reclaim as
Slide 6: Growth Momentum Evident
Growth Momentum Evident (in Rs. Mn) Revenue EBIDTA PAT +31% +65% +528% 976.5 94.2 35.0 899.0 746.6 775.4 64.3 57.2 22.0 53.6 5.6 3.6 Q4FY18 Q1FY19 Q2FY19 Q3FY19 Q4FY18 Q1FY19 Q2FY19 Q3FY19 Q4FY18 Q1FY19 Q2FY19 Q3FY19 Data On Standalone Basis 5
Slide 7: Operational Highlights Q3FY19
Operational Highlights Q3FY19 Growth in Demand witnessed in international markets Volumes and Price hike helped gained momentum this Quarter Oil price volatility has helped increase RR consumption among end segments Operational Highlights Oil price rise has also resulted in increase in raw material
Slide 8: Segment Wise Performance Trend
Segment Wise Performance Trend* Revenue Revenue Geographical Break-Up Business Segments Break-Up 2.7% 3.3% 3.5% 5.4% 30% 29% 38% 38% 97.3% 96.7% 96.5% 94.6% 70% 71% 62% 62% Q4FY18 Q1FY19 Q2FY19 Q3FY19 Q4FY18 Q1FY19 Q2FY19 Q3FY19 Domestic Non-Reclaim Rubber Export Reclaim Rubber *Data On Standalone B
Slide 9: Q3 & 9MFY19 Profit & Loss Statement
Q3 & 9MFY19 Profit & Loss Statement* Profit & Loss (Rs. Mn) Q3 FY19 Q3 FY18 Y-o-Y / Bps Q2 FY19 Q-o-Q / Bps 9M FY19 9M FY18 Y-o-Y /Bps FY18 Revenue from Operations 976.5 727.5 34% 899.0 9% 2,650.9 2,248.0 18% 2,994.5 (Net of Taxes) Raw Material 465.8 321.3 442.1 1,260.0 1,045.4 1,380.5 Employee Cost
Slide 10: Segmental Financial Highlights
Segmental Financial Highlights* Reclaim Rubber Non-Reclaim Rubber Particulars (in Rs. Mn)* Q3 FY19 Q2 FY19 % Growth Q3 FY19 Q2 FY19 % Growth Revenue (Net of Taxes) 922.3 864.8 6.6% 54.1 34.3 57.7% Raw Material 447.7 428.8 18.1 13.3 Employee Cost 147.7 137.7 12.4 9.3 Other Expenses 240.8 238.6 15.6 7
Slide 11: Introduction
Introduction GRP» IMPACT POSITIVE
Slide 12: Tyre Graveyards are increasing across the Globe
Tyre Graveyards are increasing across the Globe 7.6 Billion people 1.7 billion new Creating huge in the world tyres produced a year TYRE GRAVEYARDS… 1.4 Billion Over 1 billion waste vehicles on the road tyres generated per year … HUGE OPPORTUNITY 11
Slide 13: Presenting a Huge Opportunity
…presenting a HUGE OPPORTUNITY Huge tyre graveyards that can be seen GRP uses end-of-life tyres to Reclaimed rubber, Engineering plastics, from Space recycle and manufacture Die-cut products 12
Slide 14: It is our raison d'etre
It is our raison d’etre Recover, Recycle, Reuse’ is GRP’s raison d’etre as well as mantra for creating a clean planet GRP is one of the leading producers of reclaim rubber It recycles end- of-life tyres, automotive inner tubes, automobile profiles and moulded rubber products to produce consisten
Slide 15: Reduce, Reuse & Recycle
…to Reduce, Reuse & Recycle TYRE POLYMER REDUCE RETREADING COMPOSITES • Process to extend the life of • Manufactured from 100% Commercial Vehicle tyres recycled rubber and plastics beyond single use • Product is environmental • Environmental friendly friendly, strong and durable as process ensuring
Slide 16: Our Business
Our Business GRP» IMPACT POSITIVE
Slide 17: Believing in possibility of better tomorrow
Believing in possibility of better tomorrow… 8 Manufacturing Units with 72,700 Export presence in 60+ Countries tons/year capacity across 300+ customers 18% share in Indian Market & 50% of ~1.2 Mn End-of-Life tyres saved from India’s Export in reclaimed rubber reaching landfills Every Year Supplies
Slide 18: Since Four Decades & Counting
… since Four Decade & Counting Gujarat Reclaim and 1st Unit at Got its first ever Rubber Products Ankleshwar export order Limited incorporated 1974 1978 1984 2011 2006 1997 4th unit established 3rd Unit established Diversified in at Solapur at Panoli Custom Die Forms 2012 2014 2015 2017 5th Unit est
Slide 19: Serving the needs of Global Mobility Industry
…serving the needs of Global Mobility Industry 60+ 300+ Countries Customers Distributors 400+ Panoli Indore across 20 Vendors Ankleshwar countries Mumbai Sholapur Headquarters Reclaim Rubber C-DF 8 ~1800 Industrial Polymers Perundurai R&D Centre Manufacturing Units Employees >75% customers belong to
Slide 20: Self designed Manufacturing Facilities
…supported by self designed Manufacturing Facilities Installed Capacity in MT Build up capacity for Reclaimed Rubber over the years 66,000 66,000 2,600 2,600 66,000 58,200 7,800 10,000 48,200 1,500 20,000 28,200 21,000 7,200 Industrial Custom Polymer Reclaimed 2,400 4,800 Polymers Die Forms Composit
Slide 21: R&D Capabilities
…with our R & D Capabilities Product Process Application Developing New Continuous Automation of Application across Development of New Processes diversified Industries Products Environment friendly Products designed Expansion in New – Zero Discharge based on Customer Product Categories a
Slide 22: Reclaim Rubber with Diversified Product Applications
…with Diversified Product Applications Tyre Application Inner Liner Inner Tubes Tyre Side Walls Tyre Piles Tyre Treads & Retreads Reclaim Rubber Non - Tyre Application Conveyor Belts Adhesives Automotive Roofing Footwear Profiles Moulded Goods Matting 21
Slide 23: Across Business Verticals
…across Business Verticals Industrial Polymers Custom Die Forms Industry Application Application Consumer Automotive Link Mats Door Mats Electrical & Electronics Industrial Industrial Mats Dock Bumpers Reprocessed Nylon Reprocessed Nylon Modified Nylon Dock Bumpers Door Mats Industrial Mats Glass Fi
Slide 24: Major Tyre and Non Tyre Customer Relationships
…all Major Tyre and Non Tyre Customer Relationships The Brand Names mentioned are the property of their respective owners and are used here for identification purpose only. 23
Slide 25: Global Partnerships for Business Growth
…Global Partnerships for Business Growth Reclaim Rubber Tyre Retreading Successful in setting up a Joint venture with an Italian reclaim rubber unit in company since 2015 for building a Malaysia and handed over to tyre retreading franchise business the local partner in India Custom Die Form Polymer
Slide 26: Distinguished Board of Directors
…Distinguished Board of Directors Dr. Peter Philip Rajendra Gandhi Harsh Gandhi Rajeev Pandia Chairman & Non-Executive Director Managing Director Executive Director Independent Director No. of Years of Experience : More than No. of Years of Experience : More No. of Years of Experience : 15 years No.
Slide 27: Distinguished Board of Directors
…Distinguished Board of Directors Mahesh Gandhi Alpana Parida Saurabh Shah Nayna Gandhi Non-Executive Director Independent Director Independent Director Non-Executive Director No. of Years of Experience : More than No. of Years of Experience : 30 year No. of Years of Experience : More than No. of Ye
Slide 28: Experienced Management Team
…with Experienced Management Team Rajen Doshi Ganesh Ghangurde VP Operations Kush Giramkar Shilpa Mehta Sanjeeb Lahri President & Chief Compliance Officer Hemanth Kaul • IIT Mumbai, MS / MBA Business Head IP & Head Chief Financial Officer Head HR & Procurement Administration President Marketing & /
Slide 29: Awards & Accolades
Awards & Accolades – Testimony to our raison d’etre EcoVadis CSR Rating 2017: BRONZE 2017 28
Slide 30: CSR – Impact Positive Initiatives
CSR – Impact Positive Initiatives Our CSR vision – "to contribute towards social and economic development of the communities where we operate in. And while doing the same, we want to build a sustainable way of life for all sections of society”. GRP believes in doing business the right way and en
Slide 31: Business Verticals
Business Verticals GRP» IMPACT POSITIVE
Slide 32: Business Verticals
Business Verticals IMPACT POSITIVE, GR pb RUBBER MARANGONI3: ppb SP LlcLeso SBCTTER MARANGONIZ3=> GR p> GRPD SE Sens — ann
Slide 33: Reclaim Rubber - Industry Leading Technology
Reclaim Rubber - Industry Leading Technology 1ST Company in India to design, fabricate and install an entire plant & machinery for manufacture of reclaim rubber from complete indigenous components VALUE PROPOSITION Strong focus on innovation and R & D with DSIR approved lab, 1st company in India to
Slide 34: Reclaim Rubber – Cost Effective Alternative
Reclaim Rubber – Cost Effective Alternative PRODUCT OFFERING NATURAL RUBBER RECLAIM • Whole Tyre Reclaim • Ultra High & High Tensile Reclaim • Natural Tube Reclaim SYNTHETIC RUBBER RECLAIM • Butyl & Chlorobutyl Reclaim • EPDM Reclaim SPECIALITY RUBBER RECLAIM • NBR Polycoat APPLICATIONS Tyres Wa
Slide 35: Industrial Polymer – Valuable Engineering Plastic
Industrial Polymer – Valuable Engineering Plastic INDUSTRY LEADING TECHNOLOGY TARGET MARKET & APPLICATIONS Fasteners, Clips, Bushes, Plugs, 1st Indian company to commercialize the concept of Cable Ties, Sleeves, Main fold recovery and reuse of polyamide from end-of-life AUTOMOTIVE Developed in-house
Slide 36: Custom Die Forms – Diverse Product Portfolio
Custom Die Forms – Diverse Product Portfolio PRODUCTS Converts end-of-life tyres to design products used for civil & agricultural applications Custom Die Forms are meant to absorb vibrations in heavy equipment and for insulation against sound GRP – C-DF has produces these products in collaboration w
Slide 37: Retreading - Marangoni Joint Venture
Retreading - Marangoni Joint Venture Marangoni S.P.A, World’s Leading Tyre Retreading Company with a legacy of 70+ years + GRP Ltd, India’s largest and world’s leading rubber recycling company = The JV will aim to leverage the strengths of the two partners: Marangoni as a retreading technology speci
Slide 38: Retreading across Segments
…Retreading across Segments Industry Leading Range ABOUT RINGTREAD Ringtread Concept: Tyres are circular in structure and rotate when they Premium, Spice-less Retread work, therefore the new tread must be perfectly circular in order to integrate harmoniously with the casings and recreate a perfect
Slide 39: Growth Drivers
Growth Drivers GRP» IMPACT POSITIVE
Slide 40: We have built Sustainable Business
We have built Sustainable Business Brand GRP carries Upgradation of Process Cost Effective by replacing 7 Manufacturing Units, 20 with it Trust of 4 and Products through Virgin Rubber Polymer Distributors and 200 Decades innovation Vendors In-house Manufacturing Brand GRP Cost Technology & Effective
Slide 41: Usage of Reclaimed Rubber on a Growth Path
Usage of Reclaimed Rubber on a Growth Path Reclaimed Rubber Demand (Kilo Tonnes) Growing awareness regarding COST - EFFECTIVE and ECO - FRIENDLY alternatives for virgin rubber 7,729 Owing to its versatility, durability, reduced pollution and low processing 10.3% costs, WTR is expected to witness
Slide 42: Strategic shift towards increasing Reclaimed Rubber
With strategic shift towards increasing Reclaimed Rubber To Reduce, Reuse and Recycle the use of fossil fuels and strategic shift towards Reclaimed Rubber. By 2050 companies envisages higher use of Recycled Rubber Source: Bridgestone Corporate Site 41
Slide 43: By major tyre manufacturing companies
By major tyre manufacturing companies “ In the Rubber Group, the use of recycled materials is assuming an increasingly important role. Production waste generated in physical/chemical processes is used as reclaim and adhesive mixtures as recycled products. “ In the year under review, the percentage o
Slide 44: New Business Initiative - Polymer Composite Products
New Business Initiative - Polymer Composite Products Plastic Rubber Polymer Composite Products INDUSTRY ADVANTAGES Automotive Cost benefit Defense High durability Construction Replacement for wood & concrete Oil & Gas Longer life Furniture Good quality in-house raw material 43
Slide 45: Historical Financials
Historical Financials GRP» IMPACT POSITIVE
Slide 46: Consolidated Profit & Loss Statement
Consolidated Profit & Loss Statement Particulars (Rs. in Mn.) FY18 FY17 FY16 Revenue from Operations* 2,998 3,038 3,150 Manufacturing Expenses 1,373 1,387 1,488 Employee Cost 525 535 493 Other Expenses 911 855 881 EBIDTA 189 261 288 Other Income 7 27 4 Depreciation 139 143 142 Finance Cost 44 38 45
Slide 47: Consolidated Balance Sheet
Consolidated Balance Sheet* Liabilities (Rs. Mn) Mar-18 Mar-17 Assets (Rs. Mn) Mar-18 Mar-17 Equity Share Capital 13 13 Non-Current Assets Other Equity 1,227 1,250 Property, Plant and Equipment 1,246 1,324 Equity attributable to owners of the Capital work in progress 22 21 Company 1,241 1,263 Invest
Slide 48: Contact details
Company : Investor Relations Advisors : CIN: L25191GJ1974PLC002555 CIN: U74140MH2010PTC204285 Mr. Ganesh Ghangurde Mr. Sagar Shroff / Mr. Shrenik Shah President & Chief Compliance Officer sagar.shroff@sgapl.net / shrenik.shah@sgapl.net ganesh.ghangurde@grpweb.com +91 98205 19303 / +91 99664764465 ww