Slide 1: Stock exchange intimation: Investors' Presentation Q4FY24 Business Update
May 6, 2024 वैशाख – कृष्ण प�, त्रयोदशी �वक्रम सम्वत २०८१ National Stock Exchange of India BSE Limited Limited Corporate Relationship Department, “Exchange Plaza” 1st Floor, New Trading Ring, Rotunda Building, P.J. Bandra – Kurla Complex, Towers, Bandra (E), Mumbai – 400 051 Dalal Street, Fort, Mumba
Slide 2: Q4 FY24 Investor Update
GHCL Limited Q4 FY24 Investor Update May 2024
Slide 3: Safe Harbour
Safe Harbour This presentation and the accompanying slides (the “Presentation”), which have been prepared by GHCL Limited (the “Company” or “GHCL”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any secur
Slide 4: Management commentary
Management commentary Commenting on the Q4 FY24 performance, Mr. R. S. Jalan, MD said: “Fiscal Year 2024 posed several challenges for the industry owing to many global headwinds that affected the overall consumption patterns. Our performance during the year was influenced by weak realisation trends
Slide 5: Performance highlights – Q4 FY24
Performance highlights – Q4 FY24 Revenue EBITDA PAT Cash Profit Rs. crore 840 201 124 150 Q4 FY24 % Change (26)% (46)% (43)% (39)% Vs Q4 FY23 (Y-o-Y) Q4 FY24 % Change 3% 22% 25% 20% Vs Q3 FY24 (Q-o-Q) 4
Slide 6: Performance highlights – FY24
Performance highlights – FY24 Revenue EBITDA PAT * Cash Profit ** FY24 Rs. crore 3498 899 793 676 Vs FY23 (Y-o-Y) % Change (24)% (41)% (29)% (41)% Note: * PAT including exceptional items of Rs. 219 Cr. of non-cash gain on demerger of GHCL Textiles Ltd. in FY24 and Rs. 55 Cr in FY23. Excluding except
Slide 7: Profit & loss statement
Profit & loss statement (Rs. In Crore) Particulars Q4 FY24 Q4 FY23 Y-o-Y Q3 FY24 Q-o-Q FY24 FY 23 Y-o-Y Revenue from continued operations* 840 1,141 (26%) 813 3% 3,498 4,584 (24%) Operating Expenses of continued operations 639 770 (17%) 648 (1%) 2,599 3,064 (15%) EBITDA from continued operations 201
Slide 8: Balance Sheet
Balance Sheet (Rs. In Crore) Particulars As on March 31, 2024 As on March 31, 2023 Assets Non-Current Assets 1990 1968 Current Assets excluding cash and cash equivalents 873 1034 Cash and cash equivalents * 898 505 Asset held for sale and discontinued operations -- 1618 Total Assets 3761 5125 Liabil
Slide 9: Q4 FY24 highlights
Q4 FY24 highlights (Rs. In Crore) Quarterly Trend Particulars Q4 FY24 Q4 FY23 Y-o-Y Q3 FY24 Q-o-Q 33% 30% 28% 20% 24% Revenue 840 1141 (26%) 813 3% EBITDA 201 371 (46%) 165 22% 1,141 371 1,029 310 817 224 813 165 840 201 EBITDA Margin % 23.9% 32.5% (856 bps) 20.3% 361 bps Q4 FY23 Q1 FY24 Q2 FY24 Q3
Slide 10: Historical financial overview
Historical financial overview Revenue (Rs. Cr.) EBITDA (Rs. Cr.) 4,584 1,520 3,498 3,061 2,324 2,362 899 2,041 672 686 737 488 FY19 FY20 FY21 FY22 FY23 FY24 FY19 FY20 FY21 FY22 FY23 FY24 • FY24 is better than the previous 5 years from FY19 till FY22, except FY23 which was an extraordinary strong yea
Slide 11: Resource allocation & key financial ratios
Resource allocation & key financial ratios Efficient Capital Allocation For FY24 Net Debt Free Rs. 152 crore Rs. 166 crore Debt Repayment Dividend Net Cash Surplus of Rs. 701 cr. Gross Debt Rs. 197 cr. Rs. 662 cr. Cash Inflows Generated Key Ratios Net Debt/(Cash) to Equity ROCE* Rs. 107 crore Rs
Slide 12: Business outlook
Business outlook Many parts of the world, including Europe and The long-term demand for soda ash is strong Americas continue to experience high inflation and expected to increase from 63 million MT to and soft demand of Soda Ash. 78-83 million MT by 2030. This growth is fueled by global green initia
Slide 13: Focus on driving responsible future growth
Focus on driving responsible future growth Key Growth levers • Greenfield Soda Ash project of 5L MT • Vacuum salt from waste energy • Bromine project at existing salt work • Salt yield improvement • Augmenting backward integration of raw material for enhanced control on cost • Focus on reducing carb
Slide 14: Global outlook on the soda ash industry
Global outlook on the soda ash industry Soda Ash Market Overview by Key Regions GLOBAL SIZE: CAPACITY~80 MMT, PRODUCTION-66 MMT* Turkey: Americas: CAPACITY: 15.5 MMT Turkish soda ash manufacturers Soda Ash Market was oversupplied PRODUCTION: ~13 are facing poor demand in due to increased capacity an
Slide 15: Sodium bicarbonate – longer term play
Sodium bicarbonate – longer term play Overview of Sodium Bicarbonate Future Benefits Generally named as Doubled capacity Full benefits to baking soda, bread from 30K MT to come in future from soda, cooking soda 60K MT in 2017 and then to 1,20K and bicarbonate of capacity already soda doubled to 120K
Slide 16: Key application of Sodium bicarbonate
Key application of Sodium bicarbonate Tannery Pharma Food A Thermal Power Producer is successfully using Sodium bicarbonate for FGD treatment and GHCL is supplying its materials. Animal Feed Chemicals Potential application of Sodium bicarbonate in flue gas treatment is under trial phase; could be a
Slide 17: Company Overview
y Company Overview
Slide 18: GHCL – An introduction
GHCL – An introduction 1 Targeting Best-in-class Professional Mgmt. • To grow profits at a CAGR 15% on a long-term • Operations management • Focused management approach horizon • CAPEX planning and execution • Strategy led by professional • To inculcate value systems that defines our culture • Finan
Slide 19: GHCL overview
GHCL overview Best in class Focus to emerge 3 decades of operational as a sustainable Indian efficiencies and business Manufacturing capacity utilizations organization experience Leading soda Business Professionally ash player in Philosophy of managed India Inclusive growth of workforce all stakehol
Slide 20: Differentiators
Quality assets, high-potential runway for growth • Comfort of key input material integration Chemicals Performance Strengths • Industry leading efficiency and productivity Key Revenues (5-year CAGR) 10% • Brownfield scale up achieved at minimal capex EBITDA (5 Years CAGR) 7% • Strong service orienta
Slide 21: Evolution of GHCL through the years
Evolution of GHCL through the years Commenced Soda Ash Spindles capacity increased to Soda Ash production capacity Soda Ash production Production with 4.2 Lacs 175K, installed 3320 rotors in increased to 11 Lacs MTPA / year capacity enhanced to 12 Lacs MTPA which was further spinning in FY2019 MT in
Slide 22: Our objective
Our objective “Achieve a CAGR growth of 15% in bottom-line with creating value for all our 5 stakeholders” Responsible Growth ESG Organic Growth – CAPEX, Non- HSE – Zero Harm, CSR – CAPEX led Growth, Growth – M&A/ Responsible Citizen and JV and Optimize Return on Capital Renewable Energy Brand Image
Slide 23: Core values at forefront
Core values at forefront MISSION • GHCL is a unique workplace which is dotted with its Core Responsibly maximising Values, defining its culture stakeholder value • Every employee in the Company is expected to imbibe its Core Values and interact within the business ecosystem with all its stakeholders
Slide 24: Spearheaded by distinguished management
Spearheaded by distinguished management R S Jalan Raman Chopra Managing Director CFO & Executive Director Anurag Dalmia Neelabh Dalmia Dr. Manoj Vaish Experienced and (Chairman) (Executive Director, Growth & (Independent Lead Director) Diversification) accomplished Board of Directors Mrs. Vijaylaxmi
Slide 25: Awards & recognitions
Awards & recognitions Mahatma Award HR Excellence Award 5 Notch Upgrades in last 6 years Enhanced Credit Ratings – Upgraded to AA- with Stable outlook, GHCL received 12th CII National HR for CSR Excellence Excellence Award for strong commitment 13th CEO Conference Referred as Great Place to work in
Slide 26: About us
About us GHCL Limited was incorporated on 14th October 1983. The Company has established itself as a well-diversified group with an ascertained footprint in chemicals and consumer products segments. In Chemicals, the Company mainly manufactures Soda Ash (Anhydrous Sodium Carbonate) that is a major r
Slide 27: Thank You
Yy Thank You