Privi Speciality Chemicals Limited · NSE:PRIVISCL
Privi Speciality Chemicals — Q2 FY25 Earnings Presentation
47 slides from Privi Speciality Chemicals's earnings presentation, Oct 24, 2024
Slide 1: Exchange filing cover letter
4. October 24,2024 The Manager (CRD) The Manager - Listing Department The BSE Limited National Stock Exchange of tndia Ltd Ph iroze Jeejeebhoy Towers, Exchange Plaza, Plot no.C/L, G Block, Dalal Street, Fort, Bandra-Kurla Complex, Bandra (East) Mumbai- 400001 Mumbai- 400 051 Scrip Code: 53OtL7 Symbo
Slide 2: Investor Presentation – October 2024
Privi Speciality Chemicals Limited Investor Presentation – October 2024
Slide 3: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Privi Speciality Chemicals Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe fo
Slide 4: Q2 & H1 FY25 Performance Highlights
Q2 & H1 FY25 Performance Highlights 3
Slide 5: From the CMD's Desk
From the CMD’s Desk We are delighted to inform you that the company has registered its best ever quarterly performance, registering a 16% revenue growth on YoY basis crossing Rs 500 crore mark for the first time. Over the past six quarters, our performance has steadily improved, driven by steady dem
Slide 6: Consistent Improvement in Business Performance
Consistent Improvement in Business Performance Revenue Trend (Rs. In Cr) Volume Trend (MT) +17% 33% Value Added 532.79 Phenol 408.72 455.35 403.81 484.35 11,504 19.55 Citral 19.52 24.99 8.14 4.77 463.98 4.73 37.27 10,303 10,672 28.73 37.89 36.66 59.43 33.48 29.40 52.43 Musk & Speciality 40.77 8,782
Slide 7: Q2 FY25 Performance Highlights
Q2 FY25 Performance Highlights Revenue (Rs. In Cr) EBITDA (Rs. In Cr) PAT (Rs. In Cr) Margin 20.83% 21.34% 6.55% 8.35% Recent Developments +16% 537.27 • Key products such as DHMOL, 19% 462.30 AmberFleur, Galaxmusk are operating at 96.30 114.66 48% optimum capacity 44.84 30.30 • New products like Ind
Slide 8: H1 FY25 Performance Highlights
H1 FY25 Performance Highlights Revenue (Rs. In Cr) EBITDA (Rs. In Cr) PAT (Rs. In Cr) 17.91% 21.09% 3.97% 7.60% Margin +14% 1,003.90 35% 877.20 119% 211.70 76.30 157.10 34.80 H1 FY24 H1 FY25 H1 FY24 H1 FY25 H1 FY24 H1 FY25 Revenue Breakup Geographical Split Total Volumes (MT) Value Added Citral Pine
Slide 9: Consolidated Profit & Loss Statement
Consolidated Profit & Loss Statement Particulars (Rs. Crores) Q2 FY25 Q2 FY24 YoY H1 FY25 H1 FY24 YoY FY24 Revenue from Operations 532.79 455.35 996.77 864.07 1,752.20 Other Income 4.47 6.99 7.17 13.10 26.30 Total Income 537.27 462.34 16% 1,003.94 877.17 14% 1,778.50 Cost of materials consumed 292.3
Slide 10: Consolidated Balance Sheet
Consolidated Balance Sheet Assets (Rs. Crores) Sept-24 Mar-24 Liabilities (Rs. Crores) Sept-24 Mar-24 Non Current assets Equity Property, Plant and Equipment 908.55 968.87 Equity Share capital 39.06 39.06 Capital work-in-progress 233.26 88.74 Other Equity 953.33 885.33 Intangible Assets 7.75 9.98 No
Slide 11: Consolidated Cash flow Statement
Consolidated Cash flow Statement Particulars (Rs. Crores) Sept-24 Sept-23 Net Profit Before Tax 103.68 46.87 Adjustments for: Non -Cash Items / Other Investment or Financial Items 116.42 115.19 Operating profit before working capital changes 220.10 162.06 Changes in working capital -73.67 2.17 Cash
Slide 12: Inauguration of PRIGIV Manufacturing Facility
Inauguration of PRIGIV Manufacturing Facility Pooja and Inauguration of PRIGIV Manufacturing Facility in Mahad, Maharashtra • Commenced operations at its Greenfield facility in Mahad, Maharashtra • JV targets to manufacture a broad portfolio of value-added products with a progressive ramp up in acti
Slide 13: We Touch Your Lives Everyday
We Touch Your Lives Everyday
Slide 14: About Us
About Us Commenced 1993 Manufacturing Operations 3+ decades of experience in Aroma Chemicals 70+ Products Manufacturing 7 Facilities Presence across Formidable Strength In Pine Chemistry 30+ countries Production India's leading 48,000+ Capacity (TPA) manufacturer, supplier & exporter of Aroma & Back
Slide 15: Received Ecovadis Gold in March 2024
Received Ecovadis Gold in March 2024 Privi achieves Gold in Ecovadis and are now amongst the top 5% companies of the World Climate Action • Received B- in climate action which has improved from C last year. • It is better than the Asia average & Global average of C but slightly lower than the chemic
Slide 16: Our Journey
Our Journey • Demerged from • Longer term Fairchem contracts – • Launched Speciality Galaxmusk, Givaudan SA, P&G, Henkel • Name change to Camphor & • Private Equity • Indirectly listed as • Started • Turnover crossed Privi Speciality Prionyl investment by • Started commercial subsidiary of manufactu
Slide 17: Core Values | Vision | Mission
Core Values | Vision | Mission Our Core Values Vision Mission To emerge as a leading Sustainable Global To be a leader in the local aroma chemicals manufacturer of Aroma Chemicals Privi industry and keep on innovating to • Safety intends to become the leading aroma become the most sustainable suppli
Slide 18: Key Facts & Figures
Key Facts & Figures Key Aroma Chemicals Segments Reaction Capabilities Infrastructure Capabilities End Application o Pinene o Hydrogenation o Plant Area: 162,841 sq. m o Perfume o Phenol o Condensation o Production capacity: 48,000+ MTPA o After Shave o Citral o Grignard reactions o Backward Integra
Slide 19: Key Product Offerings
Key Product Offerings 70+ Products across Multiple Categories of Aroma Chemicals Pinene Citral Musk & Speciality Phenol Value Added • Dihydromyrcenol • Cyclocitral • Galaxmusk • Ortho Tertiary Butyl • 1, 8 Cineol • Amber Fleur • Citronellal • Prionyl Cyclo Hexyl Acetate • 1,4 Cineol • Terpineol • Ci
Slide 20: With wide applications across F&F & FMCG Industries
With wide applications across F&F & FMCG Industries Fragrance Home Care Personal Care Others • Fine Fragrance • Soaps • Shampoos • Antiseptic Liquids • Perfume • Floor Cleaner • Conditioners • Health Care \ • Candles • Detergent • Lipsticks • Pharmaceuticals • Air Fresheners • Hand Wash • Creams & L
Slide 21: Diversified Customer Base
Diversified Customer Base Preferred World’s 15 largest fragrance companies World’s leading MNC & FMCG Supplier to which control nearly 80% of the global fragrance market companies International Fragrance Companies Indian Fragrance Companies FMCG & Other MNCs Note: The Brand Names mentioned are the p
Slide 22: Diversified Geographic Presence
Diversified Geographic Presence Presence across 30+ Countries Domestic Export Mix Domestic 30% FY24 70% Export Geographical Presence 2 Rest of the World 18% India 30% 201 Manufacturing Location 3 Stocking Points 7 Distribution Points Asia (excluding India) 7% • Singapore • Mexico FY24 • India • Maha
Slide 23: State Of Art Manufacturing Facilities
State Of Art Manufacturing Facilities Location Mahad, Maharashtra Jhagadia, Gujarat Production Capacity No. of Units 6 1 48,000+ MTPA • Amber Fleur • OTBCHA • Dihydromyrcenol Employee strength • PTBCHA 1,000+ people • Camphor • Galaxmusk • Prionyl Strategically Located • Citral • Florovane Major Pro
Slide 24: Strong Focus on Research & Development
Strong Focus on Research & Development 2 R&D Mahad & Nerul, R&D team strength including Innovations & centers Maharashtra 89 scientist, microbiologist & chemistry professionals New Developments New Products Developed R&D working system is designed with an Synthetic Organic Research lab and Pilot pla
Slide 25: Proven Credentials
Proven Credentials EcoVadis • Awarded a ‘Gold’ medal in recognition of sustainability achievement in 2024. Assessment • The majority of manufacturing facilities are ISO, Kosher and Halal certified. • EU REACH: Registered 28 products under EU REACH Regulation • Turkey REACH : Pre-registered 26 produc
Slide 26: Sustainability Supply Chain Certifications
Sustainability Supply Chain Certifications 01 03 05 Together for Carbon Disclosure Project Sedex Sustainability (TFS) (CDP) TFS is a joint initiative of chemical Have active membership of Sedex which is The company is actively disclosing companies for sustainable supply world's leading online platfo
Slide 27: Re – Earth
Re – Earth Committed to use solar energy for 25% of total power requirement, this project is being implemented with utmost priority United Nations Sustainable Initiatives taken over the Years on Sustainability Development Goals Till 2008 Conventional Effluent treatment 2008-11 Effluent reduction at
Slide 28: Responsible Corporate
Responsible Corporate ▪ Facilitating education of school children from underprivileged families. ▪ Distribution of Education Kit in Mortalav Village, Education Jhagadia. ▪ Enhancing scholastic performance ▪ Enriched education through multimedia and mobile exhibition Distribution of Education Kit ▪ H
Slide 29: Value Proposition
Value Proposition 1 2 3 Unique Competitive Position Diversified Product & Client Mix Moving Up the Value Chain 4 5 Building Capacity PRIGIV – a JV with Givaudan SA to Shape the Future 6 7 8 Fostering Growth High Entry Barriers Driven By Strong Human Assets from New Products 9 10 Backed by Healthy Su
Slide 30: 1. Unique Competitive Position
1. Unique Competitive Position India’s Largest Manufacturer & Exporter Diversified Product Portfolio of aroma chemicals with a market leading share of the company has gradually expanded the product >20% in ten products globally, contributing 80% of its portfolio to a range of over 70 products revenu
Slide 31: 2. Diversified Product and Client Mix
2. Diversified Product and Client Mix Revenue Breakup Volume Breakup 35,267.59 2% 1,752.10 30,177.60 29,431.60 14% 1,607.82 3% 2% 3% 27,639.40 2% 7% Value Added 25,670.73 14% 12% 1,403.72 16% 2% Value Added 9% Phenol 0% 1,324.11 1,276.56 4% 7% 16% 13% 3% 16% 5% Phenol 0% 8% 6% 4% 6% 5% 4% 6% 3% 7% 1
Slide 32: 3. Moving up the Value Chain
3. Moving up the Value Chain Revenue Mix FY20 FY24 Value Add & Exclusive 0.2 % 3.2 % Musk & Speciality 6.0 % 15.9 % 11.6 % 11.2 % Citral Based 75.7 % 62.3 % Pinene Based 6.5 % 7.4 % Phenol Based Transformation towards High Value Products *On Consolidated basis 31
Slide 33: 4. PRIGIV- a JV with Givaudan SA for a Strategic Partnership
4. PRIGIV- a JV with Givaudan SA for a Strategic Partnership A Swiss multinational manufacturer India's leading manufacturer of aroma and fragrance chemicals of flavours, fragrances and active Project Details cosmetic ingredients Privi Speciality Chemicals • Inaugurated Greenfield facility in Mahad,
Slide 34: 5. Building Capacity to Shape the Future
5. Building Capacity to Shape the Future Revenue Visibility Aroma Chemical Segments FY21 FY22 FY23 FY24 FY25e FY26e Pinene ✓ ✓ ✓ ✓ ✓ ✓ Phenol ✓ ✓ ✓ ✓ ✓ ✓ Value Add Products ✓ ✓ ✓ ✓ ✓ ✓ Citral ✓ ✓ ✓ ✓ ✓ ✓ Speciality ✓ ✓ ✓ ✓ ✓ ✓ Galaxmusk (Speciality) ✓ ✓ ✓ Camphor (Pinene) ✓ ✓ ✓ Prionyl (speciality)
Slide 35: 6. Fostering Growth from New Products
6. Fostering Growth from New Products • Galaxmusk and its variants are sold to all our existing customers and is used in the perfumery blend used in soaps, detergents, perfumes and other personal care products. Successful Launch of New Products • Camphor is predominantly sold in Indian markets and m
Slide 36: 7. High Entry Barriers
7. High Entry Barriers Aroma Chemicals is a Niche Chemicals and require extensive technical know-how 1 2 3 It is used as a Lifestyle Product Capex Intensive Industry Complex Chemistry Fragrance products varies from individual’s High startup cost, stringent regulations and The involvement of complex
Slide 37: 8. Driven by Strong Human Assets
8. Driven by Strong Human Assets • Across all functions, company is headed & Employee governed by professionals having more than 20 years of experience and requisite qualification in Association An Ethos driven by 1,000+ Unmatched Human Assets their domain expertise with Privi • Entire team continue
Slide 38: 9. With Eminent Board of Directors
9. With Eminent Board of Directors Mr. Mahesh P Babani Mr. D.B. Rao Chairman & Managing Director Executive Director • A Commerce Graduate with an operational and managerial • A postgraduate in Engineering with over 33 years experience of over 30 years experience • Has been on the Board of Directors
Slide 39: 10. Backed by Healthy Growth in Industry
10. Backed by Healthy Growth in Industry Global Aroma Chemicals Market size was valued at Global Flavors & Fragrance (F&F) USD 5.35 Billion in 2023 and is projected to reach Demand Drivers Market Size is about USD 30.4 Billion USD 9.20 Billion by 2030 Growing trend in personal care $9.20 and cosmeti
Slide 40: Embracing Opportunities
Embracing Opportunities Industry Tailwinds India’s Chemicals Industry Our Edge • Stringent measures & Environment Norms across China & Europe leading to capacity closures and partial shutdowns • Supply-chain disruptions leading to preference for alternate supplier • Higher opportunity due to increas
Slide 41: Historical Financial Highlights
Historical Financial Highlights
Slide 42: Consolidated Profit & Loss Account
Consolidated Profit & Loss Account Particulars (Rs. Crores) FY20 FY21 FY22 FY23 FY24 Revenue from Operations 1,324.11 1,276.56 1,403.72 1,607.82 1,752.23 Other Income 26.36 19.96 32.40 21.42 26.30 Total Income 1,350.47 1,296.52 1,436.11 1,629.24 1,778.53 Cost of materials consumed 803.13 751.09 830.
Slide 43: Consolidated Balance Sheet - Assets
Consolidated Balance Sheet - Assets Assets (Rs. Crores) Mar-20 Mar-21 Mar-22 Mar-23 Mar-24 Non Current assets Property, Plant and Equipment 559.15 560.14 645.24 952.28 968.87 Capital work-in-progress 30.27 174.45 363.56 94.63 88.74 Intangible Assets 7.01 7.13 5.47 10.68 55.57 Intangible Assets under
Slide 44: Consolidated Balance Sheet - Liabilities
Consolidated Balance Sheet - Liabilities Liabilities (Rs. Crores) Mar-20 Mar-21 Mar-22 Mar-23 Mar-24 Equity Equity Share capital 39.06 39.06 39.06 39.06 39.06 Other Equity 572.99 683.46 773.20 790.01 885.33 Non-Controlling Interest 0.00 0.00 7.35 6.41 16.74 Total Equity 612.05 722.52 819.61 835.48 9
Slide 45: Consolidated Financial Highlights
Consolidated Financial Highlights Revenue (Rs. In Cr) EBITDA (Rs. In Cr) PAT (Rs. In Cr) 18.03% 17.55% 15.75% 12.73% 19.95% 10.81% 9.02% 6.78% 1.31% 5.37% Margin 1,778.53 1,629.24 1,350.47 1,296.52 1,436.11 354.82 146.03 116.90 243.51 97.38 95.43 227.54 226.24 207.34 21.28 FY20 FY21 FY22 FY23 FY24 F
Slide 46: Way Forward
Way Forward Production Ramp-up Continuous Product 1 4 of newly installed facilities Developments Progressing 2 Improving Product Mix & 5 Strengthening Balance Sheet Towards Operational Efficiencies Sustainable Growth Fresh Capex for launching 3 Increasing Global Footprint 6 New Products and Enhancin
Slide 47: Thank You
Thank You Company: Privi Speciality Chemicals Ltd. CIN – L15140MH1985PLC286828 Mr. Narayan S. Iyer – Chief Financial Officer Email – investors@privi.co.in www.privi.com Investor Relations Advisor : http://www.sgapl.net/images/sgapl_logo.jpg Strategic Growth Advisors Pvt. Ltd. CIN - U74140MH2010PTC20
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