Ganesh Benzoplast Limited · NSE:GANESHBE
Ganesh Benzoplast — Investor Presentation (August 2023)
36 slides from Ganesh Benzoplast's investor presentation, Aug 16, 2023
Slide 1: Exchange filing cover letter under Regulation 30
August 16, 2023 To The General Manager, The Manager, Department of Corporate Services – Listing Department Corporate Relations Department, National Stock Exchange of India BSE Limited, Limited Pheeroze Jeejeebhoy Towers, Exchange Plaza, 5th Floor, Dalal Street, Fort, Plot No. C/1, G-Block, Bandra Ku
Slide 2: Ganesh Benzoplast Limited Investor Presentation August 2023
Ganesh Benzoplast Limited Investor Presentation |AUGUST 2023
Slide 3: A Leading End-to-End Solutions Provider In Liquid Logistics
A Leading End-to-End Solutions Provider In Liquid Logistics … • Leading independent Tank Storage Provider CONSO CONSO CONSO CONSO Liquid Storage Tanks (LST) • Total Installed Capacity of 3,09,000 KL (Q1FY24) (Q1FY23) (FY23) (FY22) • Presence at JNPT | Cochin | Goa Liquid Logistics Engineering Procur
Slide 4: Ganesh BenzoPlast Limited – Company Overlook
Ganesh BenzoPlast Limited – Company Overlook Ganesh Benzoplast Limited Liquid Storage Chemical Division Terminal Division GBL Chemical Limited (WOS) Infrastructure GBL LPG Private GBL Infra Engg GBL Clean Energy Logistic Systems Limited (WOS) Services Private Private Limited Limited Limited -EPC (WO
Slide 5: With A Journey Of Almost Three Decades in LST
... With A Journey Of Almost Three Decades in LST GBL ventures into Diversified to LST Ethanol & Extra neutral business with Liquid Alcohol manufacturing storage tank facility Allotted Additional In Nashik, with Golden initially at JNPT and Land For 25 Years At Agri International Ent. then at Cochin
Slide 6: Strong Management Team To Lead the Company - Promoters
Strong Management Team To Lead the Company - Promoters Image Image Image Required Required Required Ramesh Pilani Rishi Pilani Ramakant Pilani Founder & CFO Chairman & MD CEO o B-Tech in Chemical o Chemical Engineer, Masters o Commerce graduate ~ 40 Engineering ~47 years of in Industrial Engineering
Slide 7: Strong Management Team To Lead the Company - Directors
Strong Management Team To Lead the Company - Directors Image Image Required Required NN Kumar Ramesh Punjabi John Joseph Independent Director Director Independent Director o Associated with the o Associated with the o Appointed as new company since 2020 as an company since inception Independent Dire
Slide 8: New Appointments on the Board of the Company
New Appointments on the Board of the Company Image Image Required Required G L Kundalwal Shyam Nihate Independent Director Executive Director o Appointed on the Board on o Appointed on the Board on April 21, 2023 as Additional Director- April 21, 2023 as Additional Director- (Non-Executive Independe
Slide 9: Liquid Storage Tanks (LST) Division
Liquid Storage Tanks (LST) Division 8
Slide 10: Leading LST Player With Diversified Liquid Handling Capabilities
Leading LST Player With Diversified Liquid Handling Capabilities … LST division provides storage tanks which are leased on rent for storing liquid chemicals, acids, phenol, oil products & edible oils LST DIVISION REVENUE (CONS.) (INR Mn) Liquid bulk storage capacity of 3,09,000 KL spread across thre
Slide 11: Coupled with a Wide Range Of Services At The Terminal
… Coupled with a Wide Range Of Services At The Terminal Storage Bunkering Barging Blending Drum Filling Providing liquid storage tanks, Fuel supply bunkering services A complimentary business Blending of products (Air ~100 containers monthly of handling & loading service of while maintaining product
Slide 12: Established Presence at Major Sea Ports
Established Presence at Major Sea Ports JNPT COCHIN GOA Year of Establishment 1996 1999 2000 Tank Capacity 500 KL-14,000KL 750 KL – 5,000 KL 750 KL-14,000KL Certified Terminals ISO 9001:2015 ISO 9001:2015 ISO 9001:2015 Number of Tanks 64 12 4 Capacity 240000 KL 43000 KL 26000 KL Infrastructure at te
Slide 13: JNPT Terminal: A Stable Cashflow Generating Asset
JNPT Terminal : A Stable Cashflow Generating Asset … Rental Revenue (INR Mn) Total 1331 Capacity 1136 240,000 KL - operating at > 100% occupancy (FY22) 946 978 848 Diversified Products FY19 FY20 FY21 FY22 FY23 Handled Class A, B, and C products (MEG, CSFO/CPO (Oil), Edible Oil, RBD Palmolien, Acetic
Slide 14: Driven By Unique Value Proposition
… Driven By Unique Value Proposition JNPT – One of the Major ports POL Traffic at major Ports Storage tanks located at JNPT port leads POL traffic share has been increasing; to higher premium compared to other contributed 50.19% of total traffic in FY23 upcoming ports. compared to 37.5% of total tra
Slide 15: JNPT Terminal: Growth Potential
JNPT Terminal : Growth Potential Enhancing Tank Ability to Increase the height of existing Tanks for higher capacity leading to higher throughput Capacity Specialized Cargo Upgrading normal tanks to specialized cargo tanks also providing heating and chilling facility for the cargo at port leads to h
Slide 16: New and Upcoming Special Chemical Grade Terminal at JNPT
… NEW AND UPCOMING SPECIAL CHEMICAL GRADE TERMINAL AT JNPT FOR 17,876 KL 15
Slide 17: New and Upcoming Special Chemical Grade Terminal at JNPT
… NEW AND UPCOMING SPECIAL CHEMICAL GRADE TERMINAL AT JNPT FOR 17,876 KL 16
Slide 18: Other Terminals – Cochin and Goa
Other Terminals – Cochin and Goa Cochin Terminal Goa Terminal • Operating 43,000 KL at 95% occupancy • Operating 26,000 KL at ~ 40% occupancy (impacted by the mining ban in Goa • Handling Class A, B, and C products (MEG, CSFO/CPO (Oil), Edible Oil, RBD Palmolien, Acetic Acid/Acetone, Vam & Styrene M
Slide 19: Growth Roadmap for Cochin and Goa Terminals
Growth Roadmap for Cochin and Goa Terminals Strong Growth in Throughput to Drive Growth Future Growth Strategy 393 • To achieve maximum rental yield from 297 312 existing capacity 233 Cochin Terminal 164 FY19 FY20 FY21 FY 22 FY 23 Throughput (000'MT) Currently Under Utilized Huge Opportunity Ahead F
Slide 20: Long standing relationships with Marquee Clients
Long standing relationships with Marquee Clients C J Shah & Co. 19
Slide 21: GBL welcomes its new clients
GBL welcomes it’s new clients 20
Slide 22: Foray into Railway Logistics – Deepening Service Offerings
Foray into Railway Logistics – Deepening Service Offerings … Clients Materials Storage & Handling Facility Railway Transportation arrival on Port LST provided by GBL at customers facilities Infrastructure Logistic Systems Ltd. (Formerly Stolt Rail Logistic Systems (SRLS): GBL acquired 86.5% in (FY21
Slide 23: Leading to Strong Growth Potential
… Leading to Strong Growth Potential • ILSL owns tank containers and leases rakes and tanks at various ports and inland locations Widening footprints into Rail Logistics • Enable GBL to provide additional service in their LST portfolio of services • ILSL – Into existence in the business over decade
Slide 24: EPC Service Offerings makes GBL an End-to-End Player
EPC Service Offerings makes GBL and end-to-end Player Diversified arm specialized in Rich experience in Tank Fabrication Design & EPCC activities of the & Pipeline Installation and provides Project End to End solution Experience in handling chemicals Dedicated teams for Design & like Caustic soda, H
Slide 25: EPC Business Growth Potential
EPC Business Growth Potential • Enables GBL to exercise its high technical capabilities in erecting storage tank terminals, with pipelines, that allow quick and efficient access to ports. Benefits of being a • Swift delivery gathers higher confidence from global clients such as RPG group, other part
Slide 26: Chemical Division
Chemical Division 25
Slide 27: Chemical Division
Chemical Division… Product Portfolio Renowned Manufacturer & exporter of specialty chemicals, food preservatives & lubricant additives in industry; enjoys virtual monopoly of pure Benzoic Acid & it’s derivatives in India Specialty Chemicals : Methyl Benzoate, Ethyl Benzoate etc Food Preservatives :
Slide 28: Initiated Process for Unlocking Value of the LST Business
… Initiated Process for Unlocking Value of the LST Business Continuous Losses in Chemical Business Challenges in Chemical Business Capital Intensive Upgradation at manufacturing plants Low Capacity Utilization High working Capital requirement Major Capex required to enhance the facilities Capacity u
Slide 29: Financial Performance
Financial Performance 28
Slide 30: Historical Financial Highlights (Consolidated)
Historical Financial Highlights-(Consolidated) INR Mn Q1FY24 FY19* FY20 FY21** FY 22 FY23 Income from Operations 1,219 2,116 2,467 2,704 3,575 4,208 Other Income 32 9 3 15 31 83 Total Income 1,251 2,126 2,470 2,719 3,606 4,291 Raw Material 600 878 937 746 1,426 1,878 Employee Cost 63 122 144 161 196
Slide 31: Quarterly Financial Highlights (Consolidated)
Quarterly Financial Highlights(Consolidated) INR Mn Q1FY24 Q4 FY 23 FY 23 Q1FY 23 FY 22 Income from Operations 1,219 1,341 4,208 920 3,575 Other Income 32 17 83 14 31 Total Income 1,251 1,358 4,291 934 3,606 Raw Material 600 709 1878 349 1,426 Employee Cost 63 71 245 51 196 Other costs 306 327 1208
Slide 32: LST Division Historical Financial Highlights (Standalone)
LST Division Historical Financial Highlights-(Standalone) INR Mn FY19 FY20 FY21 FY 22 FY-23 Total Rental Income from All 903 1,018 1,047 1,214 1,420 Terminals Other operating /Trading 128 210 446 253 80 Income Total Revenue 1,031 1,228 1,493 1,467 1,500 EBITDA 543 522 583 610 732 EBITDA Margin(Renta
Slide 33: Historical Balance Sheet (Consolidated)
Historical Balance Sheet-(Consolidated) INR Mn Mar-19 Mar-20 Mar-21 Mar - 22 Mar-23 INR Mn Mar-19 Mar-20 Mar-21 Mar-22 Mar-23 Shareholder’s Funds 1120 1455 2368 2849 3616 Non-Current Assets 1834 1840 2596 2827 3822 Share Capital 57 57 62 62 65 Other Equity 1063 1398 2262 2743 3503 Property Plant & 2
Slide 34: Consistently deleveraging the Balance Sheet (Consolidated)
Consistently deleveraging the Balance Sheet- (Consolidated) Gross Debt (INR Mn) Debt to Equity (x) 661 618 592 0.6 0.4 220 0.3 191 0.08 0.05 Mar'19 Mar'20 Mar'21 Mar'22 Mar'23 Mar'19 Mar'20 Mar'21 Mar'22 Mar'23 Networth (INR Mn) 3,616 2,849 2,367 1,455 1,119 Mar'19 Mar'20 Mar'21 Mar'22 Mar'23 33
Slide 35: Safe Harbour
Safe Harbour This presentation and the accompanying slides (the “Presentation”), which have been prepared by Ganesh Benzoplast Ltd (the “Company”) solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not
Slide 36: Thank You
For Further Information : Ganesh Benzoplast Limited CIN: L24200MH1986PLC039836 Dina Building, First Floor, 53, M K Road, Marine Lines, Mumbai – 400002 Email: info@gblinfra.com Thank You 35
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