Slide 1: Exchange filing cover letter: Investor Presentation
ISI/ISO9001:2015 ISI/ISO14001:2015 ISI/ISO 45001 : 2018 Excel Industries Ltd. Certified by BIS. 29th May, 2024 BSE Ltd. National Stock Exchange of India Ltd. Listing Department, Listing Department, Pheeroze Jeejeebhoy Towers, Exchange Plaza, Dalal Street, Bandra-Kurla Complex, Bandra (E), Fort, Mumb
Slide 2: Excel Industries Limited Q4 & FY24 Investor Presentation
EXCEL INDUSTRIES LIMITED Q4 & FY24 INVESTOR PRESENTATION
Slide 3: Safe Harbour
Safe Harbour This presentation and the accompanying slides (the “Presentation”), which have been prepared by Excel Industries 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 sec
Slide 4: Q4 & FY24 Financial Performance
Q4 & FY24 Financial Performance 3
Slide 5: Q4 & FY24 Results Highlights (Standalone)
Q4 & FY24 Results Highlights (Standalone) Q4 FY24 FY24 ₹ 233.5 Cr ₹ 12.9 Cr ₹ 7.3 Cr ₹ 826.1 Cr ₹ 24.1 Cr ₹ 15.1 Cr Revenue EBITDA PAT Revenue EBITDA PAT • In Q4 FY24, the Company generated a revenue of ₹ 233.5 Cr, reflecting a 30% growth from Q3 FY 24 attributed mainly to the increase in the volume
Slide 6: Contract Manufacturing - A promising growth driver
Contract Manufacturing - A promising growth driver The Company has recently signed a long-term agreement with a leading Multinational Company. Contract Manufacturing 5 Years Rs. 50-70 Cr Niche Chemical Agreement Contract Term Revenue Potential Product type Commenting on this development, Mr. Ravi As
Slide 7: Standalone performance in Q4 FY24
Standalone performance in Q4 FY24 Revenue (₹ in Crs) EBITDA (₹ in Crs) PAT (₹ in Crs) +634% +158% +30% 13 7 234 180 3 2 Q3 FY24 Q4 FY24 Q3 FY24 Q4 FY24 Q3 FY24 Q4 FY24 Revenue Profile (₹ in Crs) EBITDA Margin (%) PAT Margin (%) 5.5% 3.1% 234 180 1.6% 195 157 1.0% 23 39 Q3 FY24 Q4 FY24 Q3 FY24 Q4 FY2
Slide 8: Standalone performance in FY24
Standalone performance in FY24 Revenue (₹ in Crs) EBITDA (₹ in Crs) PAT (₹ in Crs) -81% -81% -24% 127 79 1090 826 24 15 FY23 FY24 FY23 FY24 FY23 FY24 Revenue Profile (₹ in Crs) EBITDA Margin (%) PAT Margin (%) 1090 826 11.6% 7.2% 864 696 2.9% 1.8% 226 130 FY23 FY24 FY23 FY24 FY23 FY24 Domestic Expor
Slide 9: Standalone Profit and loss Statement
Standalone Profit and loss Statement Particulars (₹ in Crs) Q4 FY24 Q3 FY24 Q-o-Q Q4 FY23 Y-o-Y FY24 FY23 Y-o-Y Revenue from Operations 233.5 180.3 29.5% 226.1 3.3% 826.1 1089.8 -24.2% Cost of goods sold 138.8 105.4 140.0 503.1 630.8 Gross Profit 94.8 74.9 26.5% 86.1 10.1% 323.1 459.0 -29.6% Gross M
Slide 10: Standalone Balance Sheet
Standalone Balance Sheet Particulars (₹ Crs) FY24 FY23 Particulars (₹ Crs.) FY24 FY23 ASSETS Equity Non ‐ Current Assets (a) Equity share capital 6.3 6.3 Property, plant and equipment 382.9 386.1 (b) Other equity 1069.4 985.4 Right of use assets 21.1 21.5 Total Equity 1,075.7 991.7 Investment Proper
Slide 11: Consolidated Profit and loss Statement
Consolidated Profit and loss Statement Particulars (₹ in Crs) Q4 FY24 Q3 FY24 Q-o-Q Q4 FY23 Y-o-Y FY24 FY23 Y-o-Y Revenue from Operations 233.5 180.3 29.5% 226.1 3.3% 826.1 1,089.8 -24.2% Cost of goods sold 138.8 105.4 140.0 503.1 630.8 Gross Profit 94.8 74.9 26.5% 86.1 10.0% 323.1 459 -29.6% Gross
Slide 12: Consolidated Balance Sheet
Consolidated Balance Sheet Particulars (₹ Crs) FY24 FY23 Particulars (₹ Crs.) FY24 FY23 Assets Equity Non ‐ Current Assets (a) Equity share capital 6.3 6.3 Property, plant and equipment 385.5 386.1 (b) Other equity 1420.8 1235.5 Right of use assets 22.1 21.5 Total Equity 1427.1 1241.8 Investment Pro
Slide 13: Pioneer in Chemical and Environment Management business
Excel Industries Ltd. Pioneer in Chemical and Environment Management business 12
Slide 14: Diversified Business Segments
Diversified Business Segments… Excel Industries Limited Chemicals Environment & Biotech Agrochem Intermediates Organic Waste Management Composting & Biogas Specialty Chemicals Municipal Solid Waste Management Polymer Additives Plastic Waste Management Pharmaceuticals Construction & Demolition Interm
Slide 15: Diversified Product Portfolio
… Diversified Product Portfolio Chemicals ENVIRON - BIOTECH Integrated MSW 01 Agrochemical intermediates 01 • Manufacturing of Compost, Refuse derived fuel (RDF), Recovery of Metals • P2S5, PCl3, PCl5, PSCl3, DETC, DMTC, DMPAT, NaTCP and Plastics recovery & recycling 02 Speciality Chemicals 02 Excel
Slide 16: Diversified Product Applications
… Diversified Product Applications Agrochemical Corrosion Inhibitors Polymer Aids and Pharma & Veterinary Other Organic Intermediates & Chelating Agents Property modifiers Intermediates Organophosphorus Oilfield and Lube additive Water treatment Soaps & Detergents Mining additives Insecticides and H
Slide 17: Environment & Biotech
Environment & Biotech Description Product Uses Process • Can handle waste • Residential societies quantities up to 2 MT • Hotels/Restaurants EXCEL per day. • Educational Institutes ORGANIC • Decentralized • Omce Canteens WASTE organic waste treatment system. • Hospital Kitchen/Canteen CONVERTOR • In
Slide 18: Company Overview
Company Overview
Slide 19: Excel Industries At Glance
Excel Industries At Glance Established in Rs. 826Cr 1941 Revenue* • Established in 1941 with an objective to make India self reliant in chemicals by developing indigenous chemical technologies • Excel Industries manufactures complex products through 2 3 Mfg the best-in-class technological setup Segm
Slide 20: Journey So Far
Journey So Far Pre 1970’s 1970’s 1980’s 1990’s 2000’s 2010’s 2020’s 1941 - Excel 1971 - Excel goes 1983 – Manufacture of 1991 – Excel 2000 - Excel 2012 - Inauguration of 2020 –Environmental industries founded public, with our first DETC commenced at celebrates golden develops a co- Pharma facility a
Slide 21: Executive Leadership Team
Executive Leadership Team Mr. Ashwin C. Shroff Mr. Ravi A. Shroff Executive Chairman Managing Director • He has been part of the Company since 1965 • He is a third generation industrialist who is and his leadership continues to inspire the qualified as a Chemical Engineer with Masters entire group t
Slide 22: Eminent Board
Eminent Board Mr. Dipesh K. Shroff Mr. Atul G. Shroff Mr. Harish N. Motiwalla An industrialist with vast experience in the Chemicals and Mr. Motiwalla is a Chartered Accountant and a highly Agrochemicals Industries, Mr. Dipesh K Shroff serves as the A highly experienced Industrialist, Mr. Atul Shrof
Slide 23: State Of The Art Manufacturing Facilities
State Of The Art Manufacturing Facilities LOTE • This site is a leading producer of Organo phosphonates which are used as chelating agents in a wide range of applications including water treatment, soaps and detergents, textile auxiliaries and I & I cleaners. ROHA • Products manufactured in this sit
Slide 24: Awards & Accolades
Awards & Accolades Jamnalal Bajaj fair business ENCON, Govt of India Award PC Ray award for Indigenous for Energy Efficiency Technology Practices Award 1992 2004 1965 ICC Lifetime Achievement JSW Earth Care Award to ICC Product Stewardship Award to Mr. Ashwin Shroff Excel’s NGO ,VRTI for CSR Award 2
Slide 25: Awards & Accolades
Awards & Accolades Certificate for Longest Accident Free period & Lowest Frequency Rate Certificate of Appreciation from National Safety Council of India Shrestha Suraksha Puraskar in Chemical Manufacturing Sector for the year 2021 from National Safety Council of India Leading Company Contributing T
Slide 26: Awards & Accolades (2/2)
Awards & Accolades (2/2) 2022 : ICC Certificate of Merit. Category : Received Bronze medal for sustainability "Make in India Partnering Award” was FICCI Chemicals and Petrochemicals from Ecovadis presented to Excel during Rallis' Annual Awards 2022“ Category "Sustainability : Management of Health an
Slide 27: Ethical responsibility - Pillar of our CSR
Ethical responsibility - Pillar of our CSR 26
Slide 28: Excel's Three Pillars of Sustainability
Excel’s Three Pillars of Sustainability All Three Aspects – People, Profit and Planet must be balanced to ensure Sustainability People in Excel Industries Planet refers to the are guaranteed a work commitment by Excel environment where Industries to employees find implement value in what environment
Slide 29: Corporate Social Responsibility
Corporate Social Responsibility • Engaged in CSR initiatives since inception. • Endeavors towards creating positive change for the environment and the communities we serve. • Committed to the UN’s Sustainability Development Goals. ₹ 12+ Crs spent on CSR activities in last 5 years 28
Slide 30: Protecting the Environment
Protecting the Environment Water Security Through Community Animal Husbandry Drinking Water Facility Sand Filter Repairs of Water Wells, At‐ Nivi Adivasiwadi , Fish Farming Pond follow‐up Visit – Goat farming – Bhise Taluka Roha ‐ Raigad At – Pale khurd Village Roha ‐ Raigad Roha Raigad Yashwantkhar
Slide 31: Social Upliftment
Social Upliftment Women Empowerment Millets Cakes Training, VRTI Training Hall, Nauvari Training , VRTI Hall, Roha Taluka, Flower making training, VRTI Hall Roha Taluka, Support to bussiness stall, Bhat Hall, Roha Taluka, Raigad Raigad Raigad Roha Taluka , Raigad Education Health School Head Master
Slide 32: Industry has a Huge Potential
Industry has a Huge Potential
Slide 33: Global Industry Overview
Global Industry Overview… China-plus-one MARKET SEGEMENTATION The Global Specialty Chemical Industry was valued at $910Bn in 2021 and is projected to reach $1240Bn by 2026, growing at a CAGR of - Agrochemicals - Specialty Polymers - Surfactants 6.4% from 2021 to 2026*. - Dyes and Pigments - Textile
Slide 34: Indian industry growing at double digit
…Indian industry growing at double digit The Indian chemical industry is expected to reach $304 billion by 2025, growing at a CAGR of 9.3%. (Source: TOI) India is expected to remain a driving force in The Indian Specialty Chemical Industry was Asia for chemical demand in 2024 given its valued at $41
Slide 35: Historical Financial Performance
Historical Financial Performance 34
Slide 36: Historical Performance
Historical Performance REVENUE (Rs in Crs) EBITDA (Rs in Crs) PAT (Rs in Crs) (Standalone) Chemicals ENBT 230 160 1.178 1.090 826 129 127 93 702 749 121 78 70 1.153 1.067 685 730 812 24 15 18 20 25 23 14 2020 2021 2022 2023 2024 2020 2021 2022 2023 2024 2020 2021 2022 2023 2024 REVENUE MIX Chemicals
Slide 37: Historical Performance
Historical Performance (Standalone) Return on Capital Employed Return on Equity 34% 23% 19% 24% 19% 14% 13% 10% 3% 2% 2020 2021 2022 2023 2024 2020 2021 2022 2023 2024 WORKING CAPITAL ANALYSIS# Net Debt / Equity -0.11 -0.01 -0.08 -0.07 -0.14 *82 203 78 84 62 139 52 56 *82 55 60 75 36 60 40 51 44 *47
Slide 38: Consistent shareholder returns
Consistent shareholder returns FY20 FY21 FY22 FY23 FY24* Rs 145.5 crores Rs 36.1 crore Rs 14.1 crore Rs 28.3 crore Rs 14.1 crore Rs 6.91 crore Returned to shareholders Dividend Dividend Dividend Dividend Dividend in the last 10 years; 28% Payout Payout Payout Payout Payout CAGR growth 36.1 28.3 15.7
Slide 39: Capital allocation over the last few years
Capital allocation over the last few years Capital Expenditure Capacity Expansion New Products The company executed Rs 346 Crs of Received EC from regulatory bodies to increase Capex throughout the course of the four- its production capabilities and product Introduced capacities for new products lik
Slide 40: Key takeaways
Key takeaways Sustainable Industrial Enhancing Changing Capturing Consumer oriented solutions processes R&D landscapes opportunities approach Delivering sustainable Sustainability helps to Enhancing R&D Recognizes the Many companies are The new product solutions for a better reduce carbon footprint
Slide 41: Thank You
Thank You Company : Investor Relations Advisors : Excel Industries Limited CIN: L24200MH1960PLC011807 Mr. Bhavya Shah: +91 8082748577 Mr. Devendra Dosi, CFO bhavya.shah@linkintime.co.in Chief Financial Officer Ms. Payal Dave: +91 9819916314 Email: devendra.dosi@excelind.com Payal.dave@linkintime.co.