Ganesh Benzoplast Limited · NSE:GANESHBE
Ganesh Benzoplast — Q3 FY24 Earnings Presentation
34 slides from Ganesh Benzoplast's earnings presentation, Feb 15, 2024
Slide 1: Exchange filing cover letter for investor presentation
February 15, 2024 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
Slide 2: Ganesh Benzoplast Limited Investor Presentation February 2024
Ganesh Benzoplast Limited Investor Presentation |FEBRUARY 2024
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 Liquid Storage Tanks (LST) • Total Installed Capacity of 3,52,000 KL (9MFY24) (FY23) • Presence at JNPT | Cochin | Goa Liquid Logistics • Rich Experience in Tank Fabrication & Pipeli
Slide 4: Joint Venture for New LPG Terminal at JNPA
Joint Venture for New LPG Terminal at JNP Ganesh Benzoplast Limited (GBL) and BW Confidence Enterprise Pvt Ltd. (BWC) has entered into a Joint Venture GBC LPG PRIVATE and Share Subscription agreement (SSA) on dated November 30, 2023 for jointly operate the Company (GBC LIMITED LPG) to develop and op
Slide 5: Recent Fund Raising by Company
RECENT FUND RAISING BY COMPANY Malabar India Fund Limited (MIF) recently invested Rs. 27.20 Crores in the company by subscribing 17 Lac MALABAR INDIA equity shares at a Issue Price of Rs. 160/- per share. MIF is Category I Foreign Portfolio Investor (FPI) and FUND LIMITED presently holds 4.95 % equi
Slide 6: Ganesh BenzoPlast Limited – Company Overlook
Ganesh BenzoPlast Limited – Company Overlook Ganesh Benzoplast Limited Liquid Storage Terminal Division Chemical Division Storage Tanks : JNPT + Cochin + Goa Chemical Plant : Tarapur GBL Chemical Infrastructure GBL LPG Infinity GBL Clean Energy Limited (WOS) Private GBL Infra Logistic Systems Confid
Slide 7: 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 In storage tank facility Allotted Additional Nashik, with Golden Agri initially at JNPT and Land For 25 Years At International Ent. Pte Ltd, then
Slide 8: 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 9: 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 10: Strong Management Team To Lead the Company - Directors
Strong Management Team To Lead the Company - Directors 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
Slide 11: Liquid Storage Tanks (LST) Division
Liquid Storage Tanks (LST) Division 10
Slide 12: 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 & specialty chemicals LST DIVISION REVENUE (CONS.) (INR Mn) Liquid bulk storage capacity of 3,52,000
Slide 13: 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 14: 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 83 11 4 Capacity 283000KL 43000 KL 26000 KL Infrastructure at ter
Slide 15: JNPT Terminal: A Stable Cashflow Generating Asset
JNPT Terminal : A Stable Cashflow Generating Asset … Rental Revenue (INR Mn) Total 1331 Capacity 1136 283000 KL - operating at > 100% occupancy (FY23) 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 16: 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 17: 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 18: New Special Chemical Grade Terminal at JNPT
… NEW SPECIAL CHEMICAL GRADE TERMINAL AT JNPT 17
Slide 19: 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 20: 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 21: Long standing relationships with Marquee Clients
Long standing relationships with Marquee Clients C J Shah & Co. 20
Slide 22: GBL welcomes its new clients
GBL welcomes it’s new clients 21
Slide 23: 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 24: 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 25: Chemical Division
Chemical Division 24
Slide 26: Chemical Division Product Portfolio
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 27: Financial Performance
Financial Performance 26
Slide 28: Historical Financial Highlights (Consolidated)
Historical Financial Highlights-(Consolidated) INR Mn FY19* FY20 FY21** FY 22 FY23 9MFY24 Income from Operations 2,116 2,467 2,704 3,575 4,208 3,308 Other Income 9 3 15 31 83 64 Total Income 2,126 2,470 2,719 3,606 4,291 3,372 Raw Material 878 937 746 1,426 1,878 1,369 Employee Cost 122 144 161 196
Slide 29: Quarterly Financial Highlights (Consolidated)
Quarterly Financial Highlights(Consolidated) INR Mn Q3FY24 Q2FY24 Q3FY23 9MFY 24 9MFY 23 FY 23 Income from Operations 1,062 1,027 990 3,308 2,868 4,208 Other Income 15 17 19 64 66 83 Total Income 1,077 1,044 1,009 3,372 2,934 4,291 Raw Material 414 356 423 1,369 1,169 1,878 Employee Cost 66 70 57 19
Slide 30: LST Division Historical Financial Highlights (Standalone)
LST Division Historical Financial Highlights-(Standalone) INR Mn FY19 FY20 FY21 FY 22 FY23 9MFY24 Total Rental Income from All 903 1,018 1,047 1,214 1,420 1171 Terminals Other operating /Trading 128 210 446 253 80 166 Income Total Revenue 1,031 1,228 1,493 1,467 1,500 1338 EBITDA 543 522 583 610 732
Slide 31: Historical Balance Sheet (Consolidated)
Historical Balance Sheet-(Consolidated) INR Mn Mar-19 Mar-20 Mar-21 Mar - 22 Mar-23 H1FY24 INR Mn Mar-19 Mar-20 Mar-21 Mar-22 Mar-23 H1FY24 Shareholder’s Funds 1120 1455 2368 2849 3616 4153 Non-Current Assets 1834 1840 2596 2827 3822 4514 Share Capital 57 57 62 62 65 68 Other Equity 1063 1398 2262 2
Slide 32: Consistently deleveraging the Balance Sheet
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 31
Slide 33: 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 34: 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 33