Slide 1: Investor Presentation – May'23
Investor Presentation – May’23 Click Here for GRP LTD’s Corporate Video PRODUCING SUSTAINABLE MATERIALS FOR A CIRCULAR ECONOMY
Slide 2: Disclaimer
Disclaimer 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 sh
Slide 3: Performance Highlights Q4 & FY23
Performance Highlights Q4 & FY23
Slide 4: Q4FY23 Performance (YoY) - Consolidated
Q4FY23 Performance ( YoY ) - Consolidated (in Rs. Mn) Revenue Gross Profit EBITDA PAT +19% -14% -23% -27% 1,112 625 80 28 955 23 483 58 Q4FY22 Q4FY23 Q4FY22 Q4FY23 Q4FY22 Q4FY23 Q4FY22 Q4FY23 Key Highlights ✓ Revenue degrowth was on account of reduction in volume (9%) due to slowdown in EU & North A
Slide 5: FY23 Performance (YoY) - Consolidated
FY23 Performance ( YoY ) - Consolidated (in Rs. Mn) Revenue Gross Profit EBITDA PAT +16% +17% +7% +142% 4,510 2,417 248 139 232 3,884 2,064 58 FY22 FY23 FY22 FY23 FY22 FY23 FY22 FY23 Key Highlights ✓ Despite the challenges in the quarter, the year ended with o Revenue growth of 16% on the back of in
Slide 6: Operational Highlights
Operational Highlights Volume growth in reclaim business is 5%, slowdown in exports to EU & North America towards Q4 affected volume growth. Domestic sales continues to maintain its share despite the slowdown in domestic industry High volume growth of 30% recorded till Q3 of Engineering Plastics bus
Slide 7: Other developments during the Financial Year
Other developments during the Financial Year As a step to move towards renewable energy and achieve greater operational efficiencies, an investment is made in 3 Windmills of 1.25MW each. This will help in achieving power cost reduction starting from Q2 of FY24 In Q4, the company decided to divest it
Slide 8: Segment Wise Quarterly Performance Trend - Standalone
Segment Wise Quarterly Performance Trend - Standalone (in Rs. Mn) Reclaim Rubber Revenue Trend Non-Reclaim Rubber Revenue Trend 1,128 130 130 1,036 1,043 1,014 325 884 109 302 319 332 313 78 69 734 803 724 682 571 Q4FY22 Q1FY23 Q2FY23 Q3FY23 Q4FY23 Q4FY22 Q1FY23 Q2FY23 Q3FY23 Q4FY23 Domestic Exports
Slide 9: Segmental Financial Highlights - Standalone
Segmental Financial Highlights - Standalone (in Rs. Mn) Reclaim Rubber Non-Reclaim Rubber Particulars (in Rs. Mn)* FY22 FY23 FY22 FY23 Revenue 3,538 4,061 343 438 Raw Material 1,641 1,824 189 278 Other Expenses 1,715 2,023 106 132 EBIDTA 182 223 49 28 EBIDTA Margin 5.1% 5.5% 14.2% 6.4% Key Highlight
Slide 10: Profit & Loss Statement - Consolidated
Profit & Loss Statement - Consolidated Profit & Loss (Rs. Mn) Q4FY23 Q4FY22 Y-o-Y Q3FY23 Q-o-Q FY23 FY22 Y-o-Y Revenue 955 1,112 -14% 1,143 -16% 4,510 3,884 16% Cost of Goods Sold 473 487 506 2,093 1,820 Gross Profit 483 625 -23% 637 -24% 2417 2064 17% Gross Profit Margin 51% 56% 56% 54% 53% Employe
Slide 11: Balance Sheet - Consolidated
Balance Sheet - Consolidated Assets (Rs. Mn) Mar-23 Mar-22 Liabilities (Rs. Mn) Mar-23 Mar-22 Non-Current Assets 1,248 1,267 Equity Share Capital 13 13 Property, Plant and Equipment 940 1,085 Other Equity 1,461 1,349 Capital work in progress 110 1 Equity attributable to owners of the 1,474 1,362 Rig
Slide 12: Industry Highlights
GRP® IMPACT POSITIVE Industry Highlights
Slide 13: Tyre Graveyards are Increasing across the Globe
Tyre Graveyards are Increasing across the Globe 8 Billion people in 1.7 Billion new Creating huge 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 13
Slide 14: Presenting a Huge Opportunity
…Presenting a HUGE OPPORTUNITY GRP uses end-of-life tyres to recycle Reclaim rubber, Engineering plastics, Die-cut Huge tyre graveyards that can be seen from space and manufacture products & Polymer Composite products 14
Slide 15: To Reduce, Reuse & Recycle
…To Reduce, Reuse & Recycle REDUCE • Manufactured from 100% recycled rubber POLYMER and plastics COMPOSITE • Product is environmental friendly, strong and durable as a substitute to wood & concrete • Custom die forms engineered from end of life CUSTOM truck and bus bias tyres used in application DIE
Slide 16: Global & Indian Tyre Industry Performance
Global & Indian Tyre Industry Performance Global Tyre Market Indian Rubber Consumption (in Kilo Tonnes) +5% Tyres Passenger car/Light truck tire, Q1CY23 (% change Y-o-Y, in no. of tyres) 1,257 1,325 Non-Tyres North & Central Particulars Europe South America Global market NR : Natural Rubber America
Slide 17: Positive and Sustainable Outlook
Positive and Sustainable Outlook… MoEFC has introduced EPR norms for waste tyres 'Extended Producer Responsibility' means responsibility of producer of tyres to ensure environmentally sound management of waste tyres as per the provisions of this regulation Proposed EPR targets for manufacturers or i
Slide 18: Our Business
Our Business
Slide 19: GRP in a Nutshell
GRP in a Nutshell ❖ GRP was established in 1974, it is a diversified Indian corporation manufacturing and providing high quality sustainable materials to global polymer product companies ❖ GRP operates 5 business vertical (Reclaim Rubber, Engineering plastics, Custom Die Forms, Polymer composite & R
Slide 20: Gearing Up Towards Fifth Decade & Counting
Gearing Up Towards Fifth Decade & Counting 1974 1978 1984 1997 Gujarat Reclaim and Got its first ever Diversified in 1st Unit at Rubber Products export order Custom Die Forms Ankleshwar Limited incorporated 2014 2012 2011 2006 Diversified into 5th Unit established at 4th unit established at 3rd Unit
Slide 21: Strategically Located State of the Art Facilities
Strategically Located State of the Art Facilities Our Solapur Facility - Maharashtra Our Ankleshwar Facility - Gujarat Panoli Indore Ankleshwar Mumbai Solapur Headquarters Reclaim Rubber Custom Die Forms Engineering Plastics R&D Centre Polymer Composite Our Panoli Facility - Gujarat Our Indore Facil
Slide 22: Research & Development Capabilities
Research & Development Capabilities Product Process Application New Products Margin Improvement Customer Relationship › Continuous development of › Automation of processes › Developing new application new products across diversified industries › Expansion in new product › Environment friendly – › Pr
Slide 23: Diversified Product Applications Across Business Verticals
Diversified Product Applications Across Business Verticals… Reclaim Rubber Tyre Applications Non - Tyre Applications Tyre Treads & Retreads Footwear Tyre Side Walls Conveyor Belts Roofing Automotive Profiles Tyre Piles Matting Inner Tubes Inner Liner Adhesives Moulded Goods 23
Slide 24: Diversified Product Applications Across Business Verticals
Diversified Product Applications Across Business Verticals… Engineering Plastics Custom Die Forms Industry Applications Applications Consumer Automotive Link Mats Door Mats Electrical & Electronics Industrial Industrial Mats Dock Bumpers Reprocessed Nylon Reprocessed Dock Bumpers Modified Nylon Door
Slide 25: Diversified Product Applications Across Business Verticals
Diversified Product Applications Across Business Verticals… Polymer Composite Repurposed Polyolefins Industry Applications Applications Commercial transportation Livestock transportation Paint Pail Lubricant Pail Military and Government Oil fields Automotive battery cover Pallets Transportation floo
Slide 26: Capacity Addition and Capital Expenditure
Capacity Addition and Capital Expenditure Build up additional capacity for Reclaim Rubber and Engineering Plastics Polymer Composite Repurposed Polyolefins Allied Business over the years (Installed capacity in MT) 3,400 72,000 7,800 10,000 2,800 6,200 20,000 1,500 3,000 6,000 6,000 28,400 3,400 1,50
Slide 27: Reputed Tyre and Non-Tyre Customers
Reputed Tyre and Non-Tyre Customers The Brand Names mentioned are the property of their respective owners and are used here for identification purpose only. 27
Slide 28: Reputed Tyre and Non-Tyre Customers
Reputed Tyre and Non-Tyre Customers The Brand Names mentioned are the property of their respective owners and are used here for identification purpose only. 28
Slide 29: Global Partnerships for Business Growth
Global Partnerships for Business Growth Reclaim Rubber Polymer Composite Successful in setting up a Contract Manufacturing with an reclaim rubber unit in American company since 2017 to Malaysia and handed over to manufacture polymer composite the local partner products in India Custom Die Form Contr
Slide 30: Board of Directors
Board of Directors Rajendra Gandhi Managing Director More than 40 years in General Management. Graduate engineer from Indian Institute of Technology, Mumbai. Also, a director in Steelcast Ltd. Harsh Gandhi Joint Managing Director 16 years in various Managerial positions. OPM program from Harvard Bus
Slide 31: Board of Directors
Board of Directors Rajeev Pandia Vivek Asrani Independent Director Independent Director More than 40 years and been influential in Strategic More than 37 years in the business of industrial Planning, Project Evaluation & Management, stapling, nailing and fastening systems, and Kaymo Technology Trans
Slide 32: Awards & Accolades
Awards & Accolades IATF 16949:2016, ISO9001:2015 Best Tyre Recycler 2022: RUNNER UP ISO14001:2015, ISO45001:2018 EcoVadis CSR Rating 2017: BRONZE 2019: SILVER 2017 At GRP, we are committed to transitioning from a ‘recycled material company’ to a ‘Sustainable Raw Material Company’. Therefore, embraci
Slide 33: Sustainable Development Goals (Adopted By GRP)
Sustainable Development Goals (Adopted By GRP) GRP believes in ‘giving back to the society and the planet’, it has shown a high level of engagement across following six out of the seventeen SDGs adopted by all UN member states to build a better world for people and planet Yoga sessions Educational d
Slide 34: CSR – Impact Positive Initiatives
CSR – Impact Positive Initiatives At GRP, CSR contributes in shaping the ‘How’ and the ‘Why’ of almost every activity we undertake. Over the years, we are happy to have played a role in giving back to the community through our products as well as our CSR activities. We are grateful to have witnessed
Slide 35: Business Verticals
Business Verticals
Slide 36: Manufacturer of Sustainable Products through 5 Business Verticals
Manufacturer of Sustainable Products through 5 Business Verticals GRP produces high quality reclaim rubber from end-of-life tyres, tread peelings, natural rubber and butyl tubes, moulded rubber products for use in both, tyre and non-tyre rubber products to deliver technical benefits and cost savings
Slide 37: Manufacturer of Sustainable Products through 5 Business Verticals
…Manufacturer of Sustainable Products through 5 Business Verticals GRP makes custom die forms engineered from end-of-life truck and bus bias tyres used in applications where low-cost solutions are a necessity like door mats, impact resistance products and in conveyor chain assemblies for agro equipm
Slide 38: Reclaim Rubber - Industry Leading Technology
Reclaim Rubber - Industry Leading Technology 1st Company in India to design, fabricate and install an entire plant & VALUE PROPOSITION 01 machinery for manufacture of reclaim rubber from complete indigenous components ❖ Cost-saving compared with virgin rubber Strong focus on innovation and R & D wit
Slide 39: 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 & Tu
Slide 40: Engineering Plastics – Valuable Engineering Plastic
Engineering Plastics – Valuable Engineering Plastic Industry Leading Technology 01 1st Indian company to commercialize the concept of recovery and reuse of polyamide from end-of-life tyres Invested substantially in the R&D to recover nylon (polyamide), a valuable engineering plastic out of the waste
Slide 41: Engineering Plastics – Valuable Engineering Plastic
Engineering Plastics – Valuable Engineering Plastic Target Market & Applications Fasteners, Clips, Bushes, Plugs, Cable Ties, Main Developed in-house process to recover nylon fiber from end of life tyres fold, Sleeves. AUTOMOTIVE Nylon fiber embedded with rubber is subjected to series of mechanical
Slide 42: Custom Die Forms – Diverse Product Portfolio
Custom Die Forms – Diverse Product Portfolio Products Converts end-of-life tyres to design products used for civil 01 & agricultural applications Custom Die Forms are meant to absorb vibrations in 02 heavy equipment and for insulation against sound GRP – CDF produces these products in 03 collaborati
Slide 43: Polymer Composite
Polymer Composite GRP is the exclusive manufacturer to a US based company for Products Range 01 supply of composite products The composite products are manufactured from 100% 02 recycled rubber and plastics Products benefits & features Composite Wood Impervious To Fluids ✓ The product is environme
Slide 44: Repurposed Polyolefins
Repurposed Polyolefins VALUE PROPOSITION INFINITE CYCLE ENABLING CIRCULAR ECONOMY: ❖ Helping customers fulfill their circularity aspirations ❖ Helping brand owners to fulfill their ECONOMIC EPR (Extended Producer Responsibility) obligations ❖ Saving valuable natural resources by way of upcycling ❖ L
Slide 45: Growth Drivers
Growth GrowthDrivers Drivers
Slide 46: We Have Built Sustainable Business
We Have Built Sustainable Business Environment Friendly Brand GRP Lower C02 emissions, more recycling Brand GRP carries close to 5 of end-of-life tyres and other rubbers decades of trust with it In-house Brand GRP High Value Product Technology In-house Technology Opportunity Focuses on innovation to
Slide 47: Demand Drivers for Reclaim Rubber
Demand Drivers for Reclaim Rubber Global Reclaim Rubber Demand Global Reclaim Rubber market is expected to reach USD 2.16 billion by 2028 Global Reclaim Rubber Demand (Kilo Tonnes) Global Demand Drivers ✓ Growing awareness regarding COST - EFFECTIVE and ECO - FRIENDLY alternatives for virgin rubber
Slide 48: With Strategic Shift Towards Increasing Reclaim Rubber
With Strategic Shift Towards Increasing Reclaim Rubber To Reduce, Reuse and Recycle the use of fossil fuels and strategic shift towards Reclaim Rubber. By 2050 companies envisages higher use of Recycled Rubber A firm believer that innovation should benefit the environment, Michelin has adopted a cir
Slide 49: By Major Tyre Manufacturing Companies
By Major Tyre Manufacturing Companies For our four sustainability focus areas we commit to visionary and bold Our Eco & Safety strategy starts from raw materials We push innovation to increase bio-based and recycled ambitions – latest by 2050 and together with our value chain partners materials whil
Slide 50: Contact Us
Contact Us Company : Investor Relations Advisors : CIN: L25191GJ1974PLC002555 CIN: U74140MH2010PTC204285 Mr. Ganesh Ghangurde Mr. Abhishek Shah / Mr. Vatsal Shah Chief Compliance Officer abhishek.shah@sgapl.net / vatsal.shah@sgapl.net ganesh.ghangurde@grpweb.com +91 99306 51660 / +91 88796 59884 www