Black Rose Industries Limited · BSE:BLACKROSE
Black Rose Industries — Q2 FY2024 Earnings Presentation
16 slides from Black Rose Industries's earnings presentation, Nov 10, 2023
Slide 1: Q2 FY2023-24 Earnings Webinar
Q2 FY2023-24 EARNINGS WEBINAR November 10, 2023 BLACK ROSE INDUSTRIES LIMITED August 24, 2021
Slide 2: Disclaimer
Q2 FY2023-24 EARNINGS WEBINAR Disclaimer This presentation and the accompanying slides (the “Presentation”), which have been prepared by BLACK ROSE INDUSTRIES LIMITED (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to
Slide 3: Business presence of Black Rose
Q2 FY2023-24 EARNINGS WEBINAR Polyacrylamide Business presence solid - 10,000 MTPA of Black Rose Acrylamide liquid – (in R&D) N-methylol 32,000 MTPA acrylamide (NMA) - 2,000 Chemical (20,000 MTPA for merchant MTPA distribution sales and 12,000 MTPA for Chemical captive requirement) manufacturing Acr
Slide 4: Financials – Profit & Loss (Standalone & Consolidated)
Q2 FY2023-24 EARNINGS WEBINAR Financials – Profit & Loss (Standalone & Consolidated) INR. in millions STANDALONE CONSOLIDATED Particulars Q2 FY24 Q1 FY24 Change % Q2 FY24 Q1 FY24 Change % Revenue from operations 701.28 688.68 2% 838.57 876.19 -4% EBITDA 90.14 61.41 47% 90.79 63.67 43% Depreciation 7
Slide 5: Financials – Balance Sheet (Standalone & Consolidated)
Q2 FY2023-24 EARNINGS WEBINAR Financials – Balance Sheet (Standalone & Consolidated) INR in millions All ratios on basis of Standalone figures STANDALONE CONSOLIDATED Return on Equity (%) Particulars Q2 FY24 Q1 FY24 Q2 FY24 Q1 FY24 20.00% 18.2% Sources of Funds 12.4% Equity Share Capital 51.0 51.0 5
Slide 6: Financials – (Standalone)
Q2 FY2023-24 EARNINGS WEBINAR Financials – (Standalone) Total revenue and EBITDA INR in millions Highlights 120 712 R E 695 E • QoQ EBITDA growth of 48% 700 B V I E 90 80 T N U D • Increase in manufacturing revenue A E and volumes 61 600 40 Q1 FY24 Q2 FY24 • Distribution revenue stable INR in crores
Slide 7: Financials – Revenue and geographic mix
Q2 FY2023-24 EARNINGS WEBINAR Financials – Revenue and geographic mix 1% 1% MANUFACTURING 33 32 % % DISTRIBUTION 66 67 % % OTHERS Q2 FY24 Q1 FY24 EXPORTS 34 % 45 55 % 66 % LOCAL % Figures rounded off to closest unit percentage 7
Slide 8: Financials - Distribution
Q2 FY2023-24 EARNINGS WEBINAR Financials - Distribution Total distribution revenue and EBITDA INR in millions Highlights 469 50 467 • Distribution margin up 20% QoQ 400 40 R E • Subdued demand from US oil and gas E V 36 B sector I E 30 T N 30 D U 200 E A • Improved supply from principals 20 • Top 5
Slide 9: Financials - Manufacturing
Q2 FY2023-24 EARNINGS WEBINAR Financials - Manufacturing Total manufacturing revenue and EBITDA INR in millions Highlights 80 232 221 • Manufacturing revenue increased by 200 5% QoQ 60 61 R E E V B • AAM-L sales increased in both E 40 I domestic and international market T N 40 D U 100 A E 20 • NMA c
Slide 10: Acrylonitrile – Acrylamide Price Trend
Q2 FY2023-24 EARNINGS WEBINAR Acrylonitrile – Acrylamide Price Trend 1,900 80 75 1,700 1,565 70 1,505 1,503 1,503 1,479 1,500 1,441 ACN Price USD/MT 1,408 1,405 65 1,473 1,472 1,453 1,426 1,374 60 1,300 1,371 1,205 1,296 1,154 55 1,223 1,077 1,100 1,045 1,132 50 1,069 1,020 959 900 45 Oct'22 Nov'22
Slide 11: Outlook for the current quarter: Chemical distribution
Q2 FY2023-24 EARNINGS WEBINAR Outlook for the current quarter: Chemical distribution ▪ Increased support from suppliers ▪ Domestic demand stable ▪ Focus on greater market outreach ▪ Sales volumes and revenues to increase ▪ Merchant export volumes subdued 11
Slide 12: Outlook for the current quarter: Acrylamide liquid and solid
Q2 FY2023-24 EARNINGS WEBINAR Outlook for the current quarter: Acrylamide liquid and solid ▪ Raw material prices stable ▪ Acrylamide volumes and revenue expected to increase ▪ Chinese dumping of acrylamide powder continues ▪ New customer addition to increase export volumes ▪ Profitability to improve
Slide 13: Outlook for the current quarter: PAM Liquid and NMA
Q2 FY2023-24 EARNINGS WEBINAR Outlook for the current quarter: PAM Liquid N-methylol acrylamide (NMA) ▪ Increase in demand for ceramic binders ▪ New customer additions continue ▪ Higher sales volumes in the on-going quarter ▪ Higher sales of NMA in current and upcoming quarters ▪ Work on newer versi
Slide 14: Outlook: On-going and Upcoming Projects
Q2 FY2023-24 EARNINGS WEBINAR Outlook for the current quarter: On-going and Upcoming Projects ▪ R&D team fully focused on development of polyacrylamide solids ▪ Target set for commercial launch of polyacrylamide solid plant in Q3 FY25 ▪ Discussions going on for specialty chemicals project with Japan
Slide 15: Manufacturing business Capacities and CAPEX
Q2 FY2023-24 EARNINGS WEBINAR Manufacturing business Capacities and CAPEX Product Capacity CAPEX in Rs. Incurred in Technology Further MTPA Crores* Rs. Crores* possibility MTPA Acrylamide (L) 20,000 + 41 MCI 60,000 12,000 Polyacrylamide (L) 40,000 4 In-house 40,000 NMA 2,000 <1 In-house - 59 Acrylam
Slide 16: Contact
Q2 FY2023-24 EARNINGS WEBINAR Contact Mr. Ambarish Daga Director, Joint CFO & Investor Relations Officer Head office 145/A, Mittal Towers Nariman Point, Mumbai 400 021, India Call / Fax +91-22-4333-7200 +91-22-2287-3022 (Fax) Mail to investor@blackrosechemicals.com
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