Bodal Chemicals Limited · NSE:BODALCHEM
Bodal Chemicals — Q3 FY2020 Earnings Presentation
31 slides from Bodal Chemicals's earnings presentation, Feb 12, 2020
Slide 1: Exchange filing cover letter
Bodal Chemicals Ltd. COLOURS. INTEGRATION. INNOVATION. By Online Submission Sec/19-20/200 Date: 12/02/2020 To, To, The General Manager, The General Manager, BSE Ltd. National Stock Exchange of India Ltd. 1st Floor, New Trading Ring, Exchange Plaza, Rotunda Building, P.J. Tower, Plot no. C/1, G Block
Slide 2: Quarterly Q3FY2019-20 & 9MFY2019-20
Quarterly Q3FY2019-20 & 9MFY2019-20 12th February 2020 Bodal Chemicals Ltd. COLOURS. INTEGRATION. INNOVATION.
Slide 3: Disclaimer
Disclaimer This presentation contains statements that contain "forward looking statements" including, but without limitation, statements relating to the implementation of strategic initiatives, and other statements relating to Bodal Chemicals' future business developments and economic performance. W
Slide 4: Company Profile
Company Profile Badal Chemicals Ltd. COLOURS. INTEGRATION. INNOVATION. 3
Slide 5: History of Bodal Chemicals Ltd (Bodal)
History of Bodal Chemicals Ltd (Bodal) • Bodal was incorporated in 1989 by Mr. Suresh Patel, a first-generation entrepreneur. • Bodal is today one of the globally leading, integrated Dyestuff companies from India. • Company commenced its operations by setting up Vinyl Sulphone plant at Vatva - Ahmed
Slide 6: History of Bodal Chemicals Ltd (Bodal)
History of Bodal Chemicals Ltd (Bodal) • Bodal has strong presence across the globe. At present Bodal exports around 45% of its sales to 150+ customers in more than 45 countries. • Bodal has six subsidiaries: 1. SP S Processors Pvt. Ltd. (SPS) - 70% holding 2. Trion Chemicals Pvt. Ltd. (TCPL)- 59% h
Slide 7: Journey
Journey Notes: 2006 Units are manufacturing sites Listed on BSE-reverse merger 2017 Unit Nos. are as per current numbering of sites with Dintex Dye Chem (Unit I) Acquired 70%: SPS Processors (Zero Discharge) 2006 Acquired Trion Chemicals, TCCA specialist (Zero Discharge) Acquired Unit IV 2007 2018 S
Slide 8: Manufacturing Value Chain
Manufacturing Value Chain - Input Materials - part/full in-house Input Materials - external Badal Chemicals Products Water I I, _,} - - Para Nitro Aniline --------.. I ( Vinyl Sulphone + Derivatives ~I Reactive Dyes I • I • I Textiles Ice ~ I Ir Beta Naphthol I I H Acid Steam J L Power l ---+ l Sulp
Slide 9: Quarterly Performance
Quarterly Performance Badal Chemicals Ltd. COLOURS. INTEGRATION. INNOVATION. 8
Slide 10: Q3FY20 Performance
Q3FY20 Performance Operational Highlights > For Q3FY20, Dyestuff production grew by 11 % YoY and Basic Chemicals production grew by 13% YoY mainly due to increase in capacities while Dye Intermediates production was flat YoY. Production at Thionyl Chloride plant has picked up and average utilization
Slide 11: Financial-Standalone basis
Financial-Standalone basis (Rs. million) Particulars Q3FY20 Q3FY19 YoY (%) Revenue from operations 3,012 3,315 -9% Other income 75 20 270% Total Income 3,086 3,335 -7% Raw materials consumed 2,018 2,159 -7% Employee benefits 183 173 6% Other expenses 571 409 39% Total expenses 2,772 2,741 1% Earning
Slide 12: Revenue Breakup
Revenue Breakup Breakup (Standalone) Q3FY2020 Others Q3FY2019 Basic 4% Chemicals Basic ~~ 13% Others Chemicals Dye 10% 10% Dye Intermediates Intermediates 38% 47% Dyestuff Dyestuff 39% 42% Q3FY2020 Q3FY2019 Export Export 44% 47% Domestic 53% 11 Bodal Chemicals Ltd. COLOURS. INTEC:IRATlON. INNOVATION
Slide 13: Financial Highlights- Standalone
Financial Highlights- Standalone Total Income (Rs. Million) EBITDA (Rs. Million) and Margin(%) 17.8% 594 3,335 3,086 10.2% 315 Q3FY19 Q3FY20 Q3FY19 Q3FY20 Profit Before Tax (Rs. Million) and Margin (%) Profit After Tax (Rs. Million) and Margin (%) 15.7% 9.5% 525 316 6.1% 7.3% 189 224 Q3FY19 Q3FY20 Q
Slide 14: Nine monthly Performance
Nine monthly Performance Badal Chemicals Ltd. COLOURS. INTEGRATION. INNOVATION. 13
Slide 15: 9MFY20 Performance
9MFY20 Performance Operational Highlights Dyestuff revenues have grown by 10% YoY in 9MFY20. While Dye Intermediates revenues have declined by 35% YoY and Basic Chemicals revenues declined by 19% YoY in 9MFY20. Dyestuff production grew by 1 % YoY and Basic Chemicals production grew by 4% YoY in 9MFY
Slide 16: Financial-Standalone basis
Financial-Standalone basis (Rs. million) Particulars 9MFY20 9MFY19 YoY (%) Revenue from operations 8,811 10,587 -17% Other income 148 65 127% Total Income 8,959 10,653 -16% Raw materials consumed 5,590 6,610 -15% Employee benefits 517 486 6% Other expenses 1,734 1,595 9% Total expenses 7,841 8,691 -
Slide 17: Revenue Breakup
Revenue Breakup Breakup (Standalone) Others Others Basic 5% 9MFY20 Basic 5% 9MFY19 Chemicals ~ Chemicals ~ 11% ~ ~ 11% ~ ~ Dye Dye Intermediates Intermediates 38% 49% Dyestuff Dyestuff 46% 35% 9MFY20 9MFY19 Export Export 46% Domestic 46% Domestic 54% 54% 16 Bodal Chemicals Ltd. COLOURS. INTEC:IRATlO
Slide 18: Financial Highlights- Standalone
Financial Highlights- Standalone Total Income (Rs. Million) EBITDA (Rs. Million) and Margin(%) 18.4% 1,962 10,653 12.5% 8,959 1,118 9MFY19 9MFY20 9MFY19 9MFY20 Profit Before Tax (Rs. Million) and Margin (%) Profit After Tax (Rs. Million) and Margin (%) 16.7% 1,777 10.7% 1,138 9.5% 8.0% 716 854 9MFY1
Slide 19: Financials of Subsidiaries & Consolidated Numbers
Financials of Subsidiaries & Consolidated INlllmbers Badal Chemicals Ltd. COLOURS. INTEGRATION. INNOVATION. 18
Slide 20: Financials of Subsidiaries & Consolidated Numbers
Financials of Subsidiaries & Consolidated Numbers Subsidiaries (Rs. million) Q3FY20 Particulars SPS Trion BCTPL BCL-China Sener Total Income 288 0 7 20 194 EBITDA 7 (18) (1) (2) 41 PAT (14) (39) (2) (2) 12 Consolidated Financials D 0 Quarterly Nine Monthly Particulars Q3FY20 Q3FY19 9MFY20 9MFY19 Ope
Slide 21: Bodal Chemicals Ltd.
Badal Chemicals Ltd. COLOURS. INTEGRATION. INNOVATION. 20
Slide 22: Management Comments on Results & Updates (1 of 2)
Management Comments on Results & Updates (lof 2) Total production for Q3FY20 improved by 11 % to 52,084 MT Yo Y. During the quarter, Dyestuff production improved by 11 % Yo Y mainly due to increase in capacities and Basic Chemicals production improved by 13 % Yo Y due to addition ofThionyl Chloride
Slide 23: Management Comments on Results (2 of 2)
Management Comments on Results (2of2) The board has approved acquisition of remaining stake in Trion Chemicals (Trion) and it will be 100% subsidiary of Bodal Chemicals. We were facing several challenges to run the plant earlier due to partnership. Now, we are confident to start and run the operatio
Slide 24: Current Situation in China
Current Situation in.China Badal Chemicals Ltd. COLOURS. INTEGRATION. INNOVATION. 23
Slide 25: Current Situation in China
Current Situation in China There has been a lockdown in Wuhan city ( capital of Hubei province) in China since around a month due to coronavirus epidemic. Hubei has a large chemical industry which have been impacted by this lockdown and there might be some labour issues in the near term until the si
Slide 26: Shareholding Data
Shareholding Data Shareholding Pattern-December 2019 • Promoter & Promoter Group • Mutual Funds • Foreign Portfolio Investors • Others 5.9% Share Data Points Share Price Performance 160 Share Price (Rs) 81 140 120 Market Capitalization (Rs mn) 9,927 100 52 week - High - Low (Rs) 132.3 - 53.8 80 Outs
Slide 27: Conference call to discuss Q3FY20 Results & Outlook
Conference call to discuss Q3FY20 Results & Outlook Management will discuss results of Q3FY20 and Outlook on a conference call on 12th February 2019 at 5.00 PM 1ST. The conference call dial-in numbers are: Primary number: +91-22-6280-1271 / +91-22- 7115-8172 Local access number: +91-70456-71221 The
Slide 28: Thank you
Thank you Badal Chemicals Ltd. For any queries, please contact: COLOURS. INTEGRATION. INNOVATION. Meet Chande Mayur Padhya IR, Badal Chemicals Ltd. CFO, Bod al Chemicals Ltd. ir@bodal.com mayur@bodal.com Ph: +91 79 6816 0100 +91- 99099 41324 27
Slide 29: Annexures
Annexures Badal Chemicals Ltd. COLOURS. INTEGRATION. INNOVATION. 28
Slide 30: Sale of products - by sub-segment and geography (Standalone)
Sale of products - by sub-segment and geography (Standalone) (Rs. million) Geography-wise Revenues Q3FY20 % Share Q3FY19 % Share YoY (%) Domestic 1,663 56% 1,736 53% -4% Export 1,306 44% 1,529 47% -15% Total 2,969 100% 3,265 100% -9% Sub-Segment-wise Revenues Q3FY20 % Share Q3FY19 % Share YoY (%) Dy
Slide 31: Production Quantity Metric Tons (MT)
Production Quantity Metric Tons (MT) Production MT Q3FY20 Q3FY19 YoY (%) Dyestuff 4,530 4,067 11% Dyes Intermediates 5,022 5,084 -1% Basic Chemicals 42,532 37,647 13% Production MT 9MFY20 9MFY19 YoY (%) Dyestuff 13,885 13,702 1% Dyes Intermediates 17,064 17,332 -2% Basic Chemicals 145,229 139,617 4%