Deepak Nitrite Limited · NSE:DEEPAKNTR
Deepak Nitrite — Q3 FY2024 Earnings Presentation
22 slides from Deepak Nitrite's earnings presentation, Feb 14, 2024
Slide 1: Q3 & 9M FY24 Results Presentation
www.godeepak.com RESPONSIBLE CHEMISTRY Q3 & 9M FY24 Results Presentation February 14, 2024 Rs. 2,023 crore Rs. 318 crore Total Income (in Q3 FY24) EBITDA (in Q3 FY24)
Slide 2: Contents
Contents RESPONSIBLE CHEMISTRY Company Overview 3 Q3 & 9M FY24 Performance Overview 6 Awards, Accolades & Project Updates 9 Q3 & 9M FY24 Financial & Segmental Highlights 11 CMD’s Message 15 Outlook & Annexures 16 2
Slide 3: Deepak Nitrite Limited: A Leading Chemical Intermediates Producer
Deepak Nitrite Limited: A Leading Chemical Intermediates Producer RESPONSIBLE CHEMISTRY Company Overview Deepak Nitrite (DNL) is one of the DEPEND ON DEEPAK Deepak Nitrite Limited (DNL) has 30+ 56+ 1,000+ Products Applications Customers fastest growing and trusted chemical built a strong organisatio
Slide 4: Strategies for Thriving in a Demanding Business Landscape
Strategies for Thriving in a Demanding Business Landscape RESPONSIBLE CHEMISTRY Business Resilience • Demonstrated capability to optimize assets and navigate challenging markets. Operational Excellence Product Mix Optimisation Making significant improvement in processes • Actively managing our portf
Slide 5: Company overview: Exemplary track record
Company overview: Exemplary track record RESPONSIBLE CHEMISTRY Seizing the opportunity Excellence in execution Value creation Delivered marked improvement Sustained increase in return ratios, Consistently rewarded across various parameters with abundant liquidity shareholders Market Cap. (in ₹ Crore
Slide 6: Performance highlights – Q3 & 9M FY24 (Consolidated)
Performance highlights – Q3 & 9M FY24 (Consolidated) RESPONSIBLE CHEMISTRY Key numbers Particulars Q3 FY24 Q-o-Q 9M FY24 Y-o-Y (Rs. Crore) Consolidated DPL Revenue 2,023 13% 5,613 -7% 16% 78:22 38% 0.0x EBITDA 318 0% 879 -10% EBITDA Margin for Domestic : Exports D/E Ratio for Growth in Q3 FY24 DPL a
Slide 7: The next orbit - MoU signed with Government of Gujarat
The next orbit - MoU signed with Government of Gujarat RESPONSIBLE CHEMISTRY Deepak Chem Tech Limited (DCTL) inks MoU worth Rs. 9,000 Cr with the Government of Gujarat on January 31, 2024; adding to the previous MoU worth Rs. 5,000 Cr as of May 23, 2023 for an aggregate of approximately Rs. 14,000 C
Slide 8: Landmark Linkage – Assured Supply of key raw materials
Landmark Linkage – Assured Supply of key raw materials RESPONSIBLE CHEMISTRY DEEPAK inks term sheet with PETRONET LNG ▪ Deepak to offtake 250 Critical Raw Material availability KTPA of Propylene and 11 KTPA of Hydrogen for its derisks growth trajectory expanded capacities via announced. pipeline fro
Slide 9: Awards & Accolades
Awards & Accolades RESPONSIBLE CHEMISTRY Quality Concepts (ICQCC) 2023 Quality Case Studies Large Enterprise Safety Case Studies • Gold Trophy at International Convention • Two teams among honours at National • Three Awards for Health & Safety • Seven Awards for Safety Case studies on Quality Concep
Slide 10: Update on Projects
Update on Projects RESPONSIBLE CHEMISTRY Project Status ➢ Polycarbonate compounding project is taking concrete shape and is under implementation as per plan. Seeding programs for Poly Carbonate compounds already initiated since Nov 23. ➢ Construction work of PhotoHalogenation and fluorination has ma
Slide 11: Financial Highlights
Financial Highlights RESPONSIBLE CHEMISTRY Revenue (Rs. Cr.) EBITDA (Rs. Cr.) PAT (Rs. Cr.) 2,023 1,795 319 318 205 202 Q3 FY24 Q2 FY24 Q3 FY24 Q2 FY24 Q3 FY24 Q2 FY24 Q3 FY24 Q-o-Q 13% Q-o-Q 0% Q-o-Q -1% Revenue (Rs. Cr.) EBITDA (Rs. Cr.) PAT (Rs. Cr.) 6,046 976 618 5,613 879 557 9M FY24 9M FY23 9M
Slide 12: Q3 & 9M FY24 – Financial Highlights
Q3 & 9M FY24 – Financial Highlights RESPONSIBLE CHEMISTRY • Revenue growth of 13% on a Q-o-Q basis in Q3FY24 was anchored by solid growth in Phenolics segment, which witnessed robust volume gains coupled with improved realisations. This was achieved by focussed initiatives to drive operating efficie
Slide 13: Advanced Intermediates
Advanced Intermediates RESPONSIBLE CHEMISTRY Revenue (Rs. Cr.) PBT (Rs. Cr.) 111 684 685 100 Q2 FY24 Q3 FY24 Q2 FY24 Q3 FY24 Q-o-Q 0% Q-o-Q -10% Key Highlights ➢ Mixed sentiment in end user industries influenced by conservative buying behaviour and resilient petchem linked raw material prices ha
Slide 14: Phenolics
Phenolics RESPONSIBLE CHEMISTRY Revenue (Rs. Cr.) PBT (Rs. Cr.) 1,355 179 169 1,124 Q2 FY24 Q3 FY24 Q2 FY24 Q3 FY24 Q-o-Q 20% Q-o-Q 6% Key Highlights ➢ Robust performance in DPL was fueled by healthy sales volumes and better plant efficiency ➢ The installed advanced process control system at DPL
Slide 15: CMD's Message
CMD’s Message RESPONSIBLE CHEMISTRY "I am happy to share that we have a concrete plan for the next five years. DNL is on a journey and it has committed itself to creating one of the most integrated chemical and petrochemical complexes in the world that would continue to open many frontiers of growth
Slide 16: Outlook
Outlook RESPONSIBLE CHEMISTRY ➢ DNL is well positioned to capitalize on the 'Make in India for the World' initiative ➢ Establishing capacity to encompass baseline growth as well as production migration from high cost regions ➢ With its formidable manufacturing infrastructure and extensive process pr
Slide 17: Consolidated P&L Statement
Consolidated P&L Statement RESPONSIBLE CHEMISTRY Q3 Q2 Q-o-Q Q3 Y-o-Y 9MFY 9M Y-o-Y Particulars ( ₹ crore) FY24 FY24 (%) FY23 (%) 24 FY23 (%) Revenue 2,009 1,778 13% 1,991 1% 5,556 6,011 -8% Other Income 14 17 -20% 13 1% 57 35 63% Total Revenue 2,023 1,795 13% 2,004 1% 5,613 6,046 -7% Total Expendit
Slide 18: Consolidated Segmental Financials – Revenue from Operations
Consolidated Segmental Financials – Revenue from Operations RESPONSIBLE CHEMISTRY Q3 Q2 Q-o-Q 9M 9M Y-o-Y Particulars ( ₹ crore) FY24 FY24 (%) FY24 FY23 (%) Advanced Intermediates 674 670 1% 2,053 2,233 -8% Phenolics 1,349 1,120 20% 3,537 3,801 -7% Less - Inter segment 14 12 17% 35 23 50% Total 2,00
Slide 19: Consolidated Segmental Financials – EBIT & Margin
Consolidated Segmental Financials – EBIT & Margin RESPONSIBLE CHEMISTRY Q3 Q2 Q-o-Q Y-o-Y Particulars ( ₹ crore) 9M FY24 9M FY23 FY24 FY24 (%) (%) EBIT Advanced Intermediates 94 103 -9% 312 419 -25% Phenolics 180 170 5% 438 417 5% Others -3 -6 NA -10 -15 NA EBIT % Advanced Intermediates 14% 15% 15%
Slide 20: About Us & Contact Details
About Us & Contact Details RESPONSIBLE CHEMISTRY For further information, please contact: Deepak Nitrite Limited (NSE: DEEPAKNTR, BSE: 506401) is a leading chemical intermediates Somsekhar Nanda producer with a diversified portfolio that caters Chief Financial Officer to the dyes and pigments, agroc
Slide 21: Disclaimer
Disclaimer RESPONSIBLE CHEMISTRY This presentation contains forward-looking statements that involve risks and uncertainties. When used in this presentation, the words ‘anticipate,’ ‘belief,’ ‘estimate,’ ‘expect,’ ‘intend,’ ‘will’ and other similar expressions as they relate to the Company and its Bu
Slide 22: Thank You
RESPONSIBLE CHEMISTRY Thank You