Panama Petrochem Limited · NSE:PANAMAPET
Panama Petrochem — Q1 FY22 Earnings Presentation
45 slides from Panama Petrochem's earnings presentation, Aug 17, 2021
Slide 1: Exchange cover letter: Investor Update
Corporate Office & Communication Address: 40I Aza House, 24, Turner Road, Bandra (W), Mumbai 400 050. Website: www.panamapetro.com Phone : 9I-22-42I77777 I Fax : 9I-22-42I77788 I E-mail : ho@panamapetro.com CIN No. L23209GJI982PLC005062 August 17, 2021 To, To, The Manager- CRD The Listing Head Bomba
Slide 2: Panama Petrochem Investor Presentation August 2021
Panama Petrochem Investor Presentation August 2021 UAE Subsidiary August 2021
Slide 3: Safe Harbor
Safe Harbor The Corporate Presentation (the “Presentation”) is based on management estimates and is being provided to you (herein referred to as the “Recipient”) only for information purposes. The sole purpose of this Presentation is to provide preliminary information on the business activities of t
Slide 4: Contents
Contents Key Business Highlights Q1 FY22 Financial Update Corporate Overview Product Overview New Product Development Capacity Addition Environmentally Compliant Dividend Policy Annual Financial Highlights August 2021
Slide 5: Business Highlights
Business Highlights Consistent performance in Q1FY22 with revenue up by 244% and EBIDTA by 706% on YOY basis. Strong demand recovery on unlocking of economy & import Substitution. Record EBIDTA margin due to judicious use of capacity towards high value added products. Planned 40% Capacity addition o
Slide 6: Q1 FY22 Financial Update
Q1 FY22 Financial Update Particulars Q1 FY22 Q4 FY21 QoQ % Q1 FY21 YoY % FY 2021 (Consolidated) Rs. In Crores Total Revenue 552.34 543.00 1.7 160.37 244.4 1453.28 Materials Consumed 420.61 413.57 130.29 1120.30 Other Expenses 42.93 38.73 18.18 110.58 EBIDTA 77.73 81.87 -5.0 9.64 706.3 196.07 EBIDTA
Slide 7: Company Overview
Company Overview Commenced operations in 1982, leading manufacturers & exporters of petroleum based speciality oils. Net Revenue More than 80 variant of speciality products used in across industries like inks & resins, textiles, rubber, cosmetics and Rs. 1453 Crores pharma, power generation, cables
Slide 8: Manufacturing Units with Installed Capacities
Company Overview Manufacturing Units with Installed Capacities Panama Petrochem Ltd. 2,40,000 TPA Ankleshwar Daman 50,000 TPA 60,000 TPA Taloja Dahej SEZ 75,000 TPA 15,000 TPA PANOL , UAE 100% Subsidiary 40,000 TPA August 2021
Slide 9: Product Overview
Product Overview Speciality Products White Oils Petroleum Jelly Transformer Oils Ink & Coating Oils Knitting Oils & Rubber Process Industrial Oils & Antistatic Coning Drilling Fluids Oils Lubricants Oils August 2021
Slide 10: Revenue across Industries
Revenue across Industries August 2021
Slide 11: Revenue Mix
Revenue Mix SALES (%) Others, 9 Printing Ink, 20 Transformer Oil, 7 Knitting & Antistatic Coning Oil , 19 Cosmetics & Pharma, 24 Rubber Process Oil, 21 August 2021
Slide 12: Star Export House
Star Export House Export Markets (35%) USA Latin America Europe African Sub- South East Asia Middle East continent Australia August 2021
Slide 13: New Products in Pipeline
New Products in Pipeline Aroma Free Distillates for Ink & Coating Industry Aromatic Free Solvent for Paint Industry Bio-degradable oils for drilling & Oil Exploration Aromatic free and non-carcinogenic new generation oils for Rubber Industry such as TDAE & RAE August 2021
Slide 14: Capacity Addition
Capacity Addition Proposed Capacity Addition by 40% over three years period Enhanced Capacity to start contributing from FY023 Planned Volume growth for next 4 years. Proposed Capacity addition to Panol, UAE by 50% August 2021
Slide 15: Environmentally Compliant
Environmentally Compliant Company is assigned ISO 14001: 2018 Pioneer in introducing eco friendly products for Ink industries. Eco Friendly Edge in providing Import Substitute products First in India to introduce eco friendly drilling fluids for onshore & offshore exploration as certified by NIO. Au
Slide 16: Environmentally Compliant
Environmentally Compliant Pioneer in introducing speciality Rubber Process oil with lowest toxicity BIU certificates for lowest PH content by German Agency Plan to introduce eco friendly products in Pesticide Industry Focused Research & Development towards GREEN technology August 2021
Slide 17: Dividend Policy
Dividend Policy “The Company stands committed to deliver sustainable value to all its stakeholders and will strive to distribute an appropriate level of profits earned in the form of dividend. “ Equity Dividend (%) 120 100 100 100 80 60 60 60 60 60 50 50 40 40 25 20 0 2012 2013 2014 2015 2016 2017 2
Slide 18: Shareholding Pattern
Shareholding Pattern As on 30th June 2021 Public 28% Promoters 72% * As per voting capital of the company. August 2021
Slide 19: Financial Snapshot
Financial Snapshot Revenue & Margins Return Ratios 35 30.1 25 2000 13.5 15 30 26.9 22.4 20 1500 25 21.3 8.76 8.1 8.1 10 20 16.9 15 1000 5.7 15 10.3 10 1347 1272 1453 5 500 903.5 1006 10 10.1 8.6 5 5 7.3 0 0 4.8 2017 2018 2019 2020 2021 0 0 2017 2018 2019 2020 2021 Sales (In Crs.) EBIDTA Margin (%) R
Slide 20: Annual Financials - Income
Annual Financials - Income Particulars (Rs. Crores) Mar-17 Mar-18 Mar-19 Mar-20 Mar-21 Revenue 903.50 1347.38 1272.05 1006.35 1453.28 Expenses 824.39 1238.18 1169.42 949.51 1257.21 EBIDTA 79.11 109.2 102.63 56.84 196.07 Depreciation 4.87 5.29 5.92 7.25 7.61 PBIT 74.24 103.91 96.71 49.59 188.46 Inter
Slide 21: Annual Financials – Balance Sheet
Annual Financials – Balance Sheet Particulars (Rs. Crores) Mar-17 Mar-18 Mar-19 Mar-20 Mar-21 Equity Capital 8.07 12.10 12.10 12.10 12.10 Reserves 304.72 359.42 401.67 420.92 548.87 Borrowings 32.58 45.13 159.90 50.67 65.64 Other Liab. 323.42 559.31 345.53 273.22 366.01 Total 668.79 975.96 919.20 75
Slide 22: Credentials
August 2021 sateen OUDL AOE Fo 311222016 CERTIFICATE OF REGISTRATION Panamna Petrochem Limited “tcc pret sues porta germ FD “yc sms CERTIFICATE OF REGISTRATION Panama Petrochem Limit Goes of Boeri Sad EXPORT HOUSE
Slide 23: Thank You
Thank You Contact : Mahesh Narvekar Vice President – Corporate Relations mahesh@panamapetro.com investorrelations@panamapetro.com Phone : +91 22 42177777 August 2021
Slide 24: Panama Petrochem
Panama Petrochem Investor Presentation August 2021 UAE Subsidiary 09 August 2021
Slide 25: Safe Harbor
Safe Harbor The Corporate Presentation (the “Presentation”) is based on management estimates and is being provided to you (herein referred to as the “Recipient”) only for information purposes. The sole purpose of this Presentation is to provide preliminary information on the business activities of t
Slide 26: Contents
Contents Key Business Highlights Q1 FY22 Financial Update Corporate Overview Product Overview New Product Development Capacity Addition Environmentally Compliant Dividend Policy Annual Financial Highlights 09 August 2021
Slide 27: Business Highlights
Business Highlights Consistent performance in Q1FY22 with revenue up by 244% and EBIDTA by 706% on YOY basis. Strong demand recovery on unlocking of economy & import Substitution. Record EBIDTA margin due to judicious use of capacity towards high value added products. Planned 40% Capacity addition o
Slide 28: Q1 FY22 Financial Update
Q1 FY22 Financial Update Particulars Q1 FY22 Q4 FY21 QoQ % Q1 FY21 YoY % FY 2021 (Consolidated) Rs. In Crores Total Revenue 552.34 543.00 1.7 160.37 244.4 1453.28 Materials Consumed 420.61 413.57 130.29 1120.30 Other Expenses 42.93 38.73 18.18 110.58 EBIDTA 77.73 81.87 -5.0 9.64 706.3 196.07 EBIDTA
Slide 29: Company Overview
Company Overview Commenced operations in 1982, leading manufacturers & exporters of petroleum based speciality oils. Net Revenue More than 80 variant of speciality products used in across industries like inks & resins, textiles, rubber, cosmetics and Rs. 1453 Crores pharma, power generation, cables
Slide 30: Manufacturing Units with Installed Capacities
Company Overview Manufacturing Units with Installed Capacities Panama Petrochem Ltd. 2,40,000 TPA Ankleshwar Daman 50,000 TPA 60,000 TPA Taloja Dahej SEZ 75,000 TPA 15,000 TPA PANOL , UAE 100% Subsidiary 40,000 TPA 09 August 2021
Slide 31: Product Overview
Product Overview Speciality Products White Oils Petroleum Jelly Transformer Oils Ink & Coating Oils Knitting Oils & Rubber Process Industrial Oils & Antistatic Coning Drilling Fluids Oils Lubricants Oils 09 August 2021
Slide 32: Revenue across Industries
Revenue across Industries 09 August 2021
Slide 33: Revenue Mix
Revenue Mix SALES (%) Others, 9 Printing Ink, 20 Transformer Oil, 7 Knitting & Antistatic Coning Oil , 19 Cosmetics & Pharma, 24 Rubber Process Oil, 21 09 August 2021
Slide 34: Star Export House
Star Export House Export Markets (35%) USA Latin America Europe African Sub- South East Asia Middle East continent Australia 09 August 2021
Slide 35: New Products in Pipeline
New Products in Pipeline Aroma Free Distillates for Ink & Coating Industry Aromatic Free Solvent for Paint Industry Bio-degradable oils for drilling & Oil Exploration Aromatic free and non-carcinogenic new generation oils for Rubber Industry such as TDAE & RAE 09 August 2021
Slide 36: Capacity Addition
Capacity Addition Proposed Capacity Addition by 40% over three years period Enhanced Capacity to start contributing from FY023 Planned Volume growth for next 4 years. Proposed Capacity addition to Panol, UAE by 50% 09 August 2021
Slide 37: Environmentally Compliant
Environmentally Compliant Company is assigned ISO 14001: 2018 Pioneer in introducing eco friendly products for Ink industries. Eco Friendly Edge in providing Import Substitute products First in India to introduce eco friendly drilling fluids for onshore & offshore exploration as certified by NIO. 09
Slide 38: Environmentally Compliant
Environmentally Compliant Pioneer in introducing speciality Rubber Process oil with lowest toxicity BIU certificates for lowest PH content by German Agency Plan to introduce eco friendly products in Pesticide Industry Focused Research & Development towards GREEN technology 09 August 2021
Slide 39: Dividend Policy
Dividend Policy “The Company stands committed to deliver sustainable value to all its stakeholders and will strive to distribute an appropriate level of profits earned in the form of dividend. “ Equity Dividend (%) 120 100 100 100 80 60 60 60 60 60 50 50 40 40 25 20 0 2012 2013 2014 2015 2016 2017 2
Slide 40: Shareholding Pattern
Shareholding Pattern As on 30th June 2021 Public 28% Promoters 72% * As per voting capital of the company. 09 August 2021
Slide 41: Financial Snapshot
Financial Snapshot Revenue & Margins Return Ratios 35 30.1 25 2000 13.5 15 30 26.9 22.4 20 1500 25 21.3 8.76 8.1 8.1 10 20 16.9 15 1000 5.7 15 10.3 10 1347 1272 1453 5 500 903.5 1006 10 10.1 8.6 5 5 7.3 0 0 4.8 2017 2018 2019 2020 2021 0 0 2017 2018 2019 2020 2021 Sales (In Crs.) EBIDTA Margin (%) R
Slide 42: Annual Financials - Income
Annual Financials - Income Particulars (Rs. Crores) Mar-17 Mar-18 Mar-19 Mar-20 Mar-21 Revenue 903.50 1347.38 1272.05 1006.35 1453.28 Expenses 824.39 1238.18 1169.42 949.51 1257.21 EBIDTA 79.11 109.2 102.63 56.84 196.07 Depreciation 4.87 5.29 5.92 7.25 7.61 PBIT 74.24 103.91 96.71 49.59 188.46 Inter
Slide 43: Annual Financials – Balance Sheet
Annual Financials – Balance Sheet Particulars (Rs. Crores) Mar-17 Mar-18 Mar-19 Mar-20 Mar-21 Equity Capital 8.07 12.10 12.10 12.10 12.10 Reserves 304.72 359.42 401.67 420.92 548.87 Borrowings 32.58 45.13 159.90 50.67 65.64 Other Liab. 323.42 559.31 345.53 273.22 366.01 Total 668.79 975.96 919.20 75
Slide 44: Credentials
09 August 2021 sateen OUDL AOE Fo 311222016 CERTIFICATE OF REGISTRATION Panamna Petrochem Limited “tcc pret sues porta germ FD “yc sms CERTIFICATE OF REGISTRATION Panama Petrochem Limit Goes of Boeri Sad EXPORT HOUSE
Slide 45: Thank You
Thank You Contact : Mahesh Narvekar Vice President – Corporate Relations mahesh@panamapetro.com investorrelations@panamapetro.com Phone : +91 22 42177777 09 August 2021