PRAJ Industries Limited · NSE:PRAJIND
PRAJ Industries — Investor Presentation (February 2014)
41 slides from PRAJ Industries's investor presentation, February 2014
Slide 1: Praj Industries Limited Investor Presentation
Praj Industries Limited Investor Presentation © Praj Industries Ltd www.praj.net
Slide 2: Contents
Contents • Corporate Overview • Way Ahead • Recent Developments • Other Highlights © Praj Industries Ltd www.praj.net 2
Slide 3: Corporate Overview
Corporate Overview
Slide 4: Key Highlights
Key Highlights Established in 1983 by first generation technopreneur, Pramod Chaudhari (Executive Chairman) Offering innovative and sustainable solutions for Energy, Environment & Agri- Processing Experience and expertise in Process, Integration and Engineering 11 patented technologies with a strong
Slide 5: Who we are
Who we are Technology backed References across solutions five continents A knowledge based A global Indian company company End‐to‐end A Customer solution provider centric company Expertise and experience in process and integration Customized solutions engineering A socially responsible corporate cit
Slide 6: What we do
What we do © Praj Industries Ltd www.praj.net 6
Slide 7: Core Competencies
Core Competencies Ethanol, Brewery and WWT Systems Technology 2nd Gen Ethanol Technology and Bio‐products Process Knowhow Innovation Integration Entry into Hygienic Space Engineering Critical Process Equipment and and Systems Manufacturing © Praj Industries Ltd www.praj.net 7
Slide 8: Milestones
Milestones 2001‐05 2006‐13 Established 1983 IPO Energy saving Launch of PRAJ Forays into Established R&D Forays into multi‐pressure Matrix critical equipment Center synergistic fields distillation Launch of multi‐ manufacturing & like brewery systems feed & multi‐ water & waste engineering introduce
Slide 9: Our Vision
Our Vision We aspire to be the most preferred organization for all stakeholders through environment friendly, sustainable solutions that can make the world a better place. © Praj Industries Ltd www.praj.net 9
Slide 10: Our Mission
Our Mission Develop and deliver cost-effective, safe, clean and reliable solutions that will maximize prosperity of our customer We will invest and partner in development and realization of new ideas recognizing the risks and working to mitigate them Be a socially responsible corporate citizen Creat
Slide 11: Our Resources
Our Resources “At the lab level, Praj Matrix ranks up with almost any facility in the world. What is unique is the Labs, Pilot and the Scale up facilities are all at one location.” ‐Vinod Khosla, former Sun Micro Systems co-founder and Praj shareholder © Praj Industries Ltd www.praj.net 11
Slide 12: Our Resources: Manufacturing Facilities
Our Resources Manufacturing Facilities US FDA, UK MHRA and WHO compliant systems © Praj Industries Ltd www.praj.net 12
Slide 13: Our Resources: Human Capital
Our Resources Human Capital Strength close to 1000 Praj Matrix employs highly qualified PhDs, microbiologists and molecular biologists. © Praj Industries Ltd www.praj.net 13
Slide 14: Our Resources: Project Management and Engineering
Our Resources Project Management and Engineering © Praj Industries Ltd www.praj.net 14
Slide 15: Way Ahead
Way Ahead © Praj Industries Ltd www.praj.net
Slide 16: Evolving Praj
Evolving Praj Drivers Key Differentiators © Praj Industries Ltd www.praj.net 16
Slide 17: Key Customers
Key Customers Formerly CSR BP‐DuPont‐ABF JV
Slide 18: Roadmap – Ethanol and Brewery Plants
Roadmap – Ethanol and Brewery Plants First gen ethanol ‐ Modernization/Expansion from Existing Base with over 500 references Second gen cellulosic ethanol technology ‐ Building Commercial scale Demo Plant Brewery – Pursue Internationalization
Slide 19: Roadmap – Emerging businesses
Roadmap – Emerging businesses Water & Waste Critical Process Water Treatment Equipment & Systems High Purity Integrated ZLD Mid Size, High Quality Water and solutions for Engg. & Fabrication Process solutions Complex Effluents for Hydrocarbon & for Hygienic Hygienic Segments Segments Emerging busine
Slide 20: Roadmap – WWT
Quality of Water Roadmap – WWT Complex Effluent Treatment Reduce, Recycle, Reuse and ZLD To drive significant value creation for customers
Slide 21: Roadmap – CPES
Roadmap – CPES Profitability improves Duplex, Inconel, Hastealloy, with upgradation in Cu ‐ Ni offerings Unit Process SS, CS Solutions / Skids Cladded, LAS Thickness MOC SS Design Build Built to Print Built to Print Design & Built Process Solutions / Scope Turnkey
Slide 22: Roadmap – HiPurity
Roadmap – HiPurity Integrated Solutions for HiPurity Segment Core process and validation Process water CIP/SIP and steam Effluent treatment
Slide 23: Roadmap – Bioproducts
Roadmap – Bioproducts Livestock Probiotics Probiotics Probiotics Health & Nutrition Proteins Proteins Proteins Omega 3 Omega 3 Human Continuous Vitamin E Vitamin E Health and External Wellness Market Inputs Hyaluronic Hyaluronic Acid for New Acid Product Development Xylitol Industrial Bio‐ Furfural
Slide 24: Recent Developments
Recent Developments © Praj Industries Ltd www.praj.net
Slide 25: Second Gen Demo Plant
Second Gen Demo Plant An inflexion point in the global ethanol industry – A game changer!! Praj’s commercial demo plant : Location : India (client site identified) Investment : Rs 135‐150 cr (US$ 25‐30 mln) Engineering completed Feedstock : Bagasse, cane trash, corn cob, corn stover To go on‐stream
Slide 26: Bioproducts
Bioproducts Launch of Livestock Health & Nutrition Additives Extension of expertise in biotechnology combined with experience in agri‐processes Utilization of co‐products from alcohol and brewery industry Product portfolio : Amino acids, Vitamins ,Pre & Probiotics, Enzymes and more Opportunity size
Slide 27: Other Highlights
Other Highlights © Praj Industries Ltd www.praj.net
Slide 28: Our Presence
Our Presence Netherlands UAE USA Thailand Philippines India South Africa Argentina © Praj Industries Ltd www.praj.net 28
Slide 29: Business Mix
Business Mix Revenue contribution by various businesses YoY Revenue Contribution % FY13 Revenue FY 09 FY 10 FY 11 FY 12 FY 13 stream Fuel ethanol 40 38 35 49 40 plants Beverage & industrial 45 50 55 32 41 Revenue by Geography ethanol FY 13 plants Brewery 13 9 8 13 11 plants Emerging 2 3 2 6 8
Slide 30: Key Financials
Key Financials Financials : Praj Consolidated Figures in Rs million H1 FY 2013‐ FY 2009‐10 FY 2010‐11 FY 2011‐12 FY 2012‐13 14 Revenues 7344 6649 10031 9190 3607 EBITDA 935 474 924 849 105 PAT 1196 577 679 680 95.8 Dividend 266 233 287 287 ‐ Payout
Slide 31: Key Financials: Neela Sales and PAT
Key Financials Neela Sales and PAT Rs Million
Slide 32: Key Financials: Order Backlog
Key Financials Order Backlog at the end of each quarter Rs million
Slide 33: Key Financials: Shareholding, Dividends, Ratings
Key Financials Shareholding Pattern as of Dividend History 30th September, 2013 Financial year Dividend % 2008‐09 90% 2009‐10 72% 2010‐11 63% 2011‐12 81% 2012‐13 81% Crisil Ratings Long‐Term Rating AA/Stable Short‐Term Rating A1+
Slide 34: Key Financials: Stake in Neela and tranches
Key Financials Stake in Neela and tranches Tranche Amount Rs Cr % Stake Timeline 1st 64 50.2 Jan 2012 2nd 12.5 9.8 Sept 2012 3rd 20.4 10 Sept 2013 Total 96.9 70 Note – Praj will pay Rs 41.3 cr over next two years for 20% stake.
Slide 35: Recent Successes
Recent Successes Praj’s 2nd Gen Efforts Praj recently broke ground for 2nd Gen demo plant in India Signed an LOI with a reputed European company for R&D plant in Hungary UK’s largest bioethanol plant for Vivergo Fuels Employs Praj technology & equipment Demonstrates capability of engineering and equ
Slide 36: Recent Successes
Recent Successes Breakthrough for brewery business in Africa, a growth market, with an order from SAB, Namibia An endorsement of Praj’s preparations to take on more projects in the continent In line with Company’s plans to extend the business beyond borders Successful track record Praj has worked wi
Slide 37: Recent Successes
Recent Successes Neela Systems gains big ticket order with a breakthrough from Hospira, an American Multinational Pharma company Marquee Client in the Pharmaceutical Sector Equipment and build‐out for a state‐of‐the‐art facility at Vizag, Andhra Pradesh
Slide 38: Recent Awards & Accolades
Recent Awards & Accolades EEPC Export Excellence Award for SEZ, Kandla Bio Excellence Award 2012 BioSpectrum Leadership Award conferred B G Deshmukh Award for Corporate Social upon Mr Pramod Chaudhari for contribution Responsibility Innovation, 2012 to biofuels industry
Slide 39: Recent Awards & Accolades
Recent Awards & Accolades Environment Health Education Underprivileged Art Employee Initiatives
Slide 40: Thank you
Thank you
Slide 41: Core Competencies
Core Competencies Focus on Environment Knowledge Engineering of & Bioprocesses Integration & Capability Technology Emphasis on Innovation © Praj Industries Ltd www.praj.net 41
Praj Industries — Investor Presentation (February 2014) on 6ix