Slide 1: Investor Presentation August 2020
Investor Presentation August 2020 Click Here for GRP LTD’s Corporate Video
Slide 2: Safe Harbor
Safe Harbor 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 s
Slide 3: Performance Highlights
Performance Highlights GRP» IMPACT POSITIVE
Slide 4: Performance Highlights for Q1FY21
Performance Highlights for Q1FY21* (in Rs. Mn) Revenue Gross Profit EBIDTA PAT 898.3 444.8 51.1 41.4 316.5 166.2 -24.3 -55.8 Q1FY20 Q1FY21 Q1FY20 Q1FY21 Q1FY20 Q1FY21 Q1FY20 Q1FY21 Revenue / Profitability ▪ Q1FY21 has been severely impacted as business was not operational for most part of the quarte
Slide 5: Segment Wise Quarterly Performance Trend
Segment Wise Quarterly Performance Trend* Revenue Revenue Geographical Break-Up Business Segments Break-Up 5.9% 4.2% 3.8% 4.3% 4.6% 27% 28% 28% 29% 32% 94.1% 95.8% 96.3% 95.7% 95.4% 73% 72% 72% 71% 68% Q1FY20 Q2FY20 Q3FY20 Q4FY20 Q1FY21 Q1FY20 Q2FY20 Q3FY20 Q4FY20 Q1FY21 Domestic Non-Reclaim Rubber
Slide 6: Segmental Financial Highlights
Segmental Financial Highlights* Reclaim Rubber Non-Reclaim Rubber Particulars (in Rs. Mn)* Q1FY20 Q1FY21 Q1FY20 Q1FY21 Revenue 842.2 300.5 54.8 16.0 Raw Material 433.1 144.4 23.3 6.3 Other Expenses 366.8 175.7 23.9 12.9 EBIDTA 42.3 (19.6) 7.6 (3.2) EBIDTA Margin 5.0% - 14.0% - ✓ GRP’s non-Reclaim ru
Slide 7: Certified "Great Place to Work"
Certified “Great Place to Work” GRP is certified as a “Great Place to Work” “It is humbling and extremely heartening to learn of the confidence that fellow colleagues have expressed in GRP's culture and work practices for us to qualify for this prestige” -Mr. Harsh Gandhi Joint Managing Director 7
Slide 8: COVID-19 Impact & Outlook
COVID-19 Impact & Outlook Impact of Lockdown Current Status & Outlook Manufacturing Operations Presently, all our manufacturing facilities have commenced operations ensuring Production was temporarily suspended at all our facilities as per Central and strict social distancing measures. Facilities ar
Slide 9: COVID-19 Impact – Initiatives taken at GRP
COVID-19 Impact – Initiatives taken at GRP At GRP, our focus in the days around the lockdown centred around:- ✓ Employee safety & well being ✓ Getting effective at work from home to continue serving our partners ✓ Ensuring our short term financial liquidity & long term survival 9
Slide 10: Safety is the priority at GRP
Safety is the priority at GRP Health & well-being of the employees is GRP’s priority We have taken utmost precautions before resuming the operations at all our manufacturing facilities 10
Slide 11: Consolidated Profit & Loss Statement
Consolidated Profit & Loss Statement Profit & Loss (Rs. Mn) Q1 FY21* Q1 FY20 Q4 FY20 FY20 Revenue from operations 316.5 898.3 794.4 3,487.0 Cost of Goods Sold 150.3 453.5 365.7 1703.2 Gross Profit 166.2 444.8 428.7 1783.8 Gross Profit Margin 52.5% 49.5% 54.0% 51.2% Employee Cost 89.9 149.5 158.7 607
Slide 12: Consolidated Balance Sheet
Consolidated Balance Sheet Assets (Rs. Mn) Mar-20 Mar-19 Liabilities (Rs. Mn) Mar-20 Mar-19 Non-Current Assets 1,279.5 1,289.0 Equity Share Capital 13.3 13.3 Property, Plant and Equipment 1,107.5 1,207.4 Other Equity 1,258.6 1,284.8 Capital work in progress 13.4 9.7 Equity attributable to owners of
Slide 13: Introduction
Introduction GRP» IMPACT POSITIVE
Slide 14: Tyre Graveyards are increasing across the Globe
Tyre Graveyards are increasing across the Globe 7.6 Billion people 1.7 billion new Creating huge in 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 14
Slide 15: …presenting a HUGE OPPORTUNITY
…presenting a HUGE OPPORTUNITY Huge tyre graveyards that can be seen GRP uses end-of-life tyres to Reclaimed rubber, Engineering plastics, Die- from Space recycle and manufacture cut products & Polymer Composite Products 15
Slide 16: It is our raison d'etre
It is our raison d’etre Recover, Recycle, Reuse’ is GRP’s raison d’etre as well as mantra for creating a clean planet ▪ GRP is one of the leading producers of reclaim rubber ▪ It recycles end- of-life tyres, automotive inner tubes, automobile profiles and moulded rubber products to produce consisten
Slide 17: …to Reduce, Reuse & Recycle
…to Reduce, Reuse & Recycle TYRE POLYMER REDUCE RETREADING COMPOSITES • Process to extend the life of • Manufactured from 100% Commercial Vehicle tyres recycled rubber and plastics beyond single use • Product is environmental • Environmental friendly friendly, strong and durable as process ensuring
Slide 18: Our Business
Our Business GRP» IMPACT POSITIVE
Slide 19: Believing in possibility of better tomorrow…
Believing in possibility of better tomorrow… 8 Manufacturing Units with 76,100 Export presence in 60+ Countries tons/year capacity across 300+ customers 18% share in Indian Market & 50% of ~1.2 Mn End-of-Life tyres saved from India’s Export in reclaimed rubber reaching landfills Every Year Supplies
Slide 20: … since Four Decade & Counting
… since Four Decade & Counting Gujarat Reclaim and 1st Unit at Got its first ever Rubber Products Ankleshwar export order Limited incorporated 1974 1978 1984 2011 2006 1997 4th unit established 3rd Unit established Diversified in at Solapur at Panoli Custom Die Forms 2012 2014 2015 2017 2020 5th Uni
Slide 21: …serving the needs of Global Mobility Industry
…serving the needs of Global Mobility Industry 60+ 300+ Countries Customers Distributors 400+ Panoli Indore across 20 Vendors Ankleshwar countries Mumbai Sholapur Headquarters Reclaim Rubber C-DF 8 ~1800 Industrial Polymers Perundurai R&D Centre Manufacturing Units Employees >75% customers belong to
Slide 22: …supported by self designed Manufacturing Facilities
…supported by self designed Manufacturing Facilities Installed Capacity in MT Build up capacity for Reclaimed Rubber over the years 66,000 66,000 6,000 66,000 58,200 7,800 10,000 48,200 20,000 2,600 28,200 1,500 21,000 7,200 Industrial Custom Polymer Reclaimed 2,400 4,800 Polymers Die Forms Composit
Slide 23: …with our R & D Capabilities
…with our R & D Capabilities Product Process Application ▪ Developing New ▪ Continuous ▪ Automation of Application across Development of New Processes diversified Industries Products ▪ Environment friendly ▪ Products designed ▪ Expansion in New – Zero Discharge based on Customer Product Categories a
Slide 24: Reclaim Rubber with Diversified Product Applications
…with Diversified Product Applications Tyre Application Inner Liner Inner Tubes Tyre Side Walls Tyre Piles Tyre Treads & Retreads Reclaim Rubber Non - Tyre Application Conveyor Belts Adhesives Automotive Roofing Footwear Profiles Moulded Goods Matting 24
Slide 25: …across Business Verticals
…across Business Verticals Industrial Polymers Custom Die Forms Industry Application Application Consumer Automotive Link Mats Door Mats Electrical & Electronics Industrial Industrial Mats Dock Bumpers Reprocessed Nylon Reprocessed Nylon Modified Nylon Dock Bumpers Door Mats Harvestor Pads Glass Fil
Slide 26: …across Business Verticals
…across Business Verticals Polymer Composite Retreading Industry Application Application Commercial Livestock Link Mats Door Mats transportation transportation Military and Government Oil fields Harvestor Pads Dock Bumpers Transportation floor Oil rigs set back Air drop pallets Retreading Franchisee
Slide 27: …all Major Tyre and Non Tyre Customer Relationships
…all Major Tyre and Non Tyre Customer Relationships The Brand Names mentioned are the property of their respective owners and are used here for identification purpose only. 27
Slide 28: …Global Partnerships for Business Growth
…Global Partnerships for Business Growth Reclaim Rubber Tyre Retreading Successful in setting up a Joint venture with an Italian reclaim rubber unit in company since 2015 for building a Malaysia and handed over to tyre retreading franchise business the local partner in India Custom Die Form Polymer
Slide 29: …Distinguished Board of Directors
…Distinguished Board of Directors Dr. Peter Philip Rajendra Gandhi Harsh Gandhi Rajeev Pandia Chairman & Non-Executive Director Managing Director Joint Managing Director Independent Director No. of Years of Experience : More than No. of Years of Experience : More No. of Years of Experience : 16 year
Slide 30: …Distinguished Board of Directors
…Distinguished Board of Directors Mahesh Gandhi Alpana Parida Saurabh Shah Nayna Gandhi Non-Executive Director Independent Director Independent Director Non-Executive Director No. of Years of Experience : More than No. of Years of Experience : 30 year No. of Years of Experience : More than No. of Ye
Slide 31: …with Experienced Management Team
…with Experienced Management Team Rajen Doshi President & COO Ganesh Ghangurde Shilpa Mehta Sanjeeb Lahri Kush Giramkar Chief Compliance Officer Hemant Kaul Head HR & • MBA Georgia State, Business Head Industrial Chief Financial Officer Administration President Marketing & MS, IIT Mumbai Polymers &
Slide 32: Awards & Accolades – Testimony to our raison d'etre
Awards & Accolades – Testimony to our raison d’etre 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, embracing the certifications, partnerships required for achieving t
Slide 33: CSR – Impact Positive Initiatives
CSR – Impact Positive Initiatives ▪ Our CSR vision – "to contribute towards social and economic development of the communities where we operate in. And while doing the same, we want to build a sustainable way of life for all sections of society”. ▪ GRP believes in doing business the right way and en
Slide 34: Business Verticals
Business Verticals GRP» IMPACT POSITIVE
Slide 35: Manufacturer of sustainable products through Business Verticals
…Manufacturer of sustainable products through 5 Business Verticals 35
Slide 36: Reclaim Rubber - Industry Leading Technology
Reclaim Rubber - Industry Leading Technology 1ST Company in India to design, fabricate and install an entire plant & machinery for manufacture of reclaim rubber from complete indigenous components VALUE PROPOSITION Strong focus on innovation and R & D with DSIR approved lab, 1st company in India to
Slide 37: 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 ▪ Wa
Slide 38: Industrial Polymer – Valuable Engineering Plastic
Industrial Polymer – Valuable Engineering Plastic INDUSTRY LEADING TECHNOLOGY TARGET MARKET & APPLICATIONS Fasteners, Clips, Bushes, Plugs, 1st Indian company to commercialize the concept of Cable Ties, Sleeves, Main fold recovery and reuse of polyamide from end-of-life AUTOMOTIVE Developed in-house
Slide 39: Custom Die Forms – Diverse Product Portfolio
Custom Die Forms – Diverse Product Portfolio PRODUCTS Converts end-of-life tyres to design products used for civil & agricultural applications Custom Die Forms are meant to absorb vibrations in heavy equipment and for insulation against sound GRP – C-DF has produces these products in collaboration w
Slide 40: Retreading - Marangoni Joint Venture
Retreading - Marangoni Joint Venture Marangoni S.P.A, World’s Leading Tyre Retreading Company with a legacy of 70+ years + GRP Ltd, India’s largest and world’s leading rubber recycling company = The JV will aim to leverage the strengths of the two partners: Marangoni as a retreading technology speci
Slide 41: …Retreading across Segments
…Retreading across Segments Industry Leading Range ABOUT RINGTREAD ▪ Ringtread Concept: Tyres are circular in structure and rotate when they Premium, Spice-less Retread work, therefore the new tread must be perfectly circular in order to integrate harmoniously with the casings and recreate a perfect
Slide 42: Polymer Composite
Polymer Composite ABOUT Polymer Composite Products ▪ GRP is the exclusive manufacturer to a US based company for supply of composite products Plastics Additive ▪ The composite products are manufactured from 100% recycled rubber and plastics ▪ The product is environmentally friendly, strong and durab
Slide 43: Growth Drivers
Growth Drivers GRP» IMPACT POSITIVE
Slide 44: We have built Sustainable Business
We have built Sustainable Business Brand GRP carries with it Upgradation of Process and Cost Effective by replacing 8 Manufacturing Units, 20 Trust of 4 Decades Products through innovation Virgin Rubber Polymer Distributors and 200 Vendors In-house Manufacturing Brand GRP Cost Technology & Effective
Slide 45: Usage of Reclaimed Rubber on a Growth Path
Usage of Reclaimed Rubber on a Growth Path Reclaimed Rubber Demand (Kilo Tonnes) ▪ Growing awareness regarding COST - EFFECTIVE and ECO - FRIENDLY alternatives for virgin rubber 7,729 ▪ Owing to its versatility, durability, reduced pollution and low processing 10.3% costs, WTR is expected to witness
Slide 46: With strategic shift towards increasing Reclaimed Rubber
With strategic shift towards increasing Reclaimed Rubber To Reduce, Reuse and Recycle the use of fossil fuels and strategic shift towards Reclaimed Rubber. By 2050 companies envisages higher use of Recycled Rubber Source: Bridgestone Corporate Site 46
Slide 47: By major tyre manufacturing companies
By major tyre manufacturing companies “ In the Rubber Group, the use of recycled materials is assuming an increasingly important role. Production waste generated in physical/chemical processes is used as reclaim and adhesive mixtures as recycled products. “ In the year under review, the percentage o
Slide 48: Contact Us
Contact Us Company : Investor Relations Advisors : CIN: L25191GJ1974PLC002555 CIN: U74140MH2010PTC204285 Mr. Ganesh Ghangurde Mr. Sagar Shroff / Mr. Shrenik Shah Chief Compliance Officer sagar.shroff@sgapl.net / shrenik.shah@sgapl.net ganesh.ghangurde@grpweb.com +91 98205 19303 / +91 96647 64465 www