Bodal Chemicals Limited · NSE:BODALCHEM
Bodal Chemicals — Q1 FY2019-20 Earnings Presentation
24 slides from Bodal Chemicals's earnings presentation, Aug 13, 2019
Slide 1: Bodal Chemicals Ltd. filing cover letter
Bodal Chemicals Ltd. COLOURS. WTEGRATION. INNOVATION. By Online Submission Sec/19-20/102 Date: 13/08/2019 To, To, The General Manager, The General Manager, , BSE Ltd. National Stock Exchange of India Ltd. 1st Floor, New Trading Ring, Exchange Plaza, Rotunda Building, P.J. Tower, Plot no. C/1, G Bloc
Slide 2: Quarterly Q1FY2019-20
Quarterly \r ,r Q1FY2019-20 13th August, 2019 Bodal Chemicals Ltd. COLOURS. INTEGRATION. INNOVATION.
Slide 3: Disclaimer
Disclaimer This presentation contains statements that contain "forward looking statements" including, but without limitation, statements relating to the implementation of strategic initiatives, and other statements relating to Bodal Chemicals' future business developments and economic performance. W
Slide 4: Company Profile
Company Profile Badal Chemicals Ltd. COLOURS. INTEGRATION. INNOVATION. 3
Slide 5: Bodal's History
Bodal' s History • Bodal was incorporated in 1989 by Mr. Suresh Patel, a first generation entrepreneur. • Bodal is today one of the globally leading, integrated Dyestuffs companies from India. • Company commenced its operations by setting up Vinyl Sulphone plant at Vatva - Ahmedabad (Gujarat) with a
Slide 6: Bodal's History
Bodal' s History • Bodal has strong presence across the globe. At present Bodal exports around 45% of its sales to 150+ customers in more than 45 countries. • Company has five subsidiaries: 1. SP S Processors Pvt. Ltd. (SPS) - 70% holding 2. Trion Chemicals Pvt. Ltd. (TCPL)- 59% holding 3. Bodal Che
Slide 7: Journey
Journey Notes: 2006 2016 Units are manufacturing sites Listed on BSE-reverse merger Amalgamation: Unit Nos. are as per current numbering of sites with Dintex Dye Chem (Unit I) Bodal Agrotech, LABSA, Unit X (Zero Discharge) 2006 Zero Debt Acquired Unit IV 2017 2007 Acquired 70%: SPS Processors (Zero
Slide 8: Manufacturing Value Chain
Manufacturing Value Chain - Input Materials - part/full in-house Input Materials - external Badal Chemicals Products Water Vinyl Sulphone + Derivatives Reactive Dyes Textiles Para Nitro Aniline Ice H Acid Beta Naphthol Steam Sulphuric Acid DASA Power Acid Dyes Leather Chloro Sulphonic Acid ' Sulphur
Slide 9: Quarterly Performance
Quarterly Performance Badal Chemicals Ltd. COLOURS. INTEGRATION. INNOVATION. 8
Slide 10: Q1 FY20 Performance
Q 1 FY20 Performance Operational Highlights Dyestuff revenue has grown by 42% YoY and its share in total revenues increased to 48% in Q1FY20 (from 31% in Q1FY19). This is inline with our strategy of higher business integration and moving towards a global Dyestuff player. Dyestuff production grew by
Slide 11: Financial-Standalone basis
Financial-Standalone basis (Rs. million) Particulars Q1FY20 Q1FY19 YoY (%) Revenue from operations 3,223 3,530 -9% Other income 46 27 71% Total Income 3,269 3,556 -8% Raw materials consumed 2,031 2,184 -7% Employee benefits 159 153 4% Other expenses 555 566 -2% Total expenses 2,745 2,903 -5% Earning
Slide 12: Revenue Breakup
Revenue Breakup Breakup (Standalone) Basic O~~rs~ Q1FY2020 Basic Others Q1FY2019 O Chemicals _ ~ Chemicals 7% ~ 11% ----- 14% I " Dye Dye Intermediates Intermediates 39% 48% Dyestuff Dyestuff 48% 31% Q1FY2020 Q1FY2019 Export Export 44% 43% 11 Bodal Chemicals Ltd. COLOURS. INTEl3RATlON. INNOVATION.
Slide 13: Financial Highlights- Standalone
Financial Highlights- Standalone Total Income (Rs. Million) EBITDA (Rs. Million) and Margin(%) 18.4% 654 16.0% 3,556 3,269 524 Q1FY19 Q1FY20 Q1FY19 Q1FY20 Profit Before Tax (Rs. Million) and Margin (%) Profit After Tax (Rs. Million) and Margin (%) 16.7% 11.0% 595 392 13.6% 8.9% 445 287 Q1FY19 Q1FY20
Slide 14: Financials of Subsidiaries & Consolidated Numbers
Financials of Subsidiaries & Consolidated Numbers Badal Chemicals Ltd. COLOURS. INTEGRATION. INNOVATION. 13
Slide 15: Financials of Subsidiaries & Consolidated Numbers
Financials of Subsidiaries & Consolidated Numbers Subsidiaries D Q1FY20 FY19 Particulars SPS Trion BCTPL BCL-China SPS Trion Total Income 270 85 292 6 810 168 EBITDA 17 (9) 5 (1) 55 (19) PAT 0 (26) 1 (1) 16 (80) Consolidated Financials Operational Revenue 3,7231 3,5171 14,2351 11,661 Other Income 19
Slide 16: Bodal Chemicals Ltd.
Badal Chemicals Ltd. COLOURS. INTEGRATION. INNOVATION. 15
Slide 17: Management Comments on Results & Updates (1 of 2)
Management Comments on Results & Updates (lof 2) Total production during the quarter remained flat yoy at 59,985 MT in QIFY20. Dyestuff production for QIFY20 stood at 5,417 MT which grew by 11% QoQ and 24% YoY due to higher capacity utilization. Dye Intermediates (mainly VS) production was impacted
Slide 18: Management Comments on Results (2 of 2)
Management Comments on Results (2of2) Total exports for Q1FY20 stood at Rs 1,396mn and its share in total revenues stood at 44%. The company continues to further enhance presence in different geographies across the globe. We have acquired 80% stake in SEN-ER BOYA (Turkish LLC) in August- 2019 which
Slide 19: Shareholding Data
Shareholding Data Shareholding Pattern-June 2019 • Promoter & Promoter Group • Mutual Funds • Foreign Portfolio Investors • Others 5.8% Share Data Points Share Price Performance 160 150 Share Price (Rs) 80 140 130 Market Capitalization (Rs mn) 9,786.4 120 110 52 week - High- Low (Rs) 138.9 - 71.2 10
Slide 20: Conference call to discuss Q1 FY20 Results & Outlook
Conference call to discuss Q 1 FY20 Results & Outlook Management will discuss results of Q1FY20 and Outlook on a conference call on 14th August, 2019 at 5.30 PM 1ST. The conference call dial-in numbers are: Primary number: +91-22-6280-1271 / +91-22-7115-8172 Local access number: +91-70456-71221 The
Slide 21: Thank you
Thank you Badal Chemicals Ltd. For any queries, please contact: COLOURS. INTEGRATION. INNOVATION. Meet Chande Mayur Padhya IR, Bod al Chemicals Ltd. CFO, Bod al Chemicals Ltd. ir@bodal.com mayur@bodal.com Ph: +91 79 6816 0100 +91- 99099 41324 20
Slide 22: Annexures
Annexures Badal Chemicals Ltd. COLOURS. INTEGRATION. INNOVATION. 21
Slide 23: Sale of products - by sub-segment and geography (Standalone)
Sale of products - by sub-segment and geography (Standalone) D Q1FY20 % Share Q1FY19 % Share YoY (%) Do~a 1,7801 56%: 1,9681 57%: -10% xport 1,3961 44%1 1,5131 43%: -8% ITotal 3,1761 100% 3,4811 100% -9% ye Intermediates 1,2271 39%1 1,6901 49%1 -27% yestuff 1,5331 48%1 1,0781 31%1 42% asic Chemicals
Slide 24: Production Quantity Metric Tons (MT)
Production Quantity Metric Tons (MT) 5,417 4,358 24%: yes Intermediates 5,277 6,217 -15%: asic Chemicals 49,291 50,448 -2%: 18,588 15,412 21%: yes Intermediates 23,674 22,343 6%: asic Chemicals 188,534 179,544 5%: 23 Bodal Chemicals Ltd. COLCLJRS, INTEBRATIDN, INMDVATION. I