20 slides from Styrenix Performance Materials's earnings presentation, Feb 14, 2023
Slide 1: Exchange filing cover letter: Investor Presentation
February 14, 2023 To, BSE Limited National Stock Exchange of India Limited Dept. DSC_CRD Exchange Plaza, Phiroze Jeejeebhoy Towers, Plot No. C/1, ‘G’ Block, Dalal Street Bandra- Kurla Complex, Mumbai 400 001 Bandra (‘E’) BSE Scrip Code: 506222 Mumbai 400 051 NSE Symbol: STYRENIX Subject: Investor Pr
Slide 2: Styrenix Performance Materials Limited Investor Presentation Q3 2022-23
STYRENIX PERFORMANCE MATERIALS LIMITED (SPML) (FORMERLY KNOWN AS INEOS STYROLUTION INDIA LIMITED) INVESTOR PRESENTATION Q3 2022-23 (Oct-Dec)
Slide 3: Disclaimer
Disclaimer This presentation has been prepared by Styrenix Performance Materials Ltd. (the “Company”) solely for your information and may not be taken away, distributed, reproduced, or redistributed or passed on, directly or indirectly, to any other person (whether within or outside your organizatio
Slide 4: Disclaimer
Disclaimer No representation, warranty, guarantee or undertaking (express or implied) is made as to, and no reliance should be placed on, the accuracy, completeness or correctness of any information, including any projections, estimates, targets and opinions, contained herein, and no liability whats
Slide 5: Notes
Notes • Segment Information : Segment reporting in financial results: Based on the "management approach" as defined in Ind AS 108 - 'Operating Segments', the Chief Operating Decision Maker (CODM), as represented by Chairman, Managing Director and CFO, evaluates the Company's performance and allocate
Slide 6: Styrenix Performance Materials Limited: Unmatched in a growing industry
Styrenix Performance Materials Limited Unmatched in a growing industry India’s Market Leader in ABS plastics and leading player for Polystyrene • An experienced leader with unmatched background in styrenics plastics • No.1 producer of ABS (Absolac®) and SAN (Absolan®) in India, serving a well- diver
Slide 7: About Styrenix Performance Materials Limited
About Styrenix Performance Materials Limited Styrenix Performance Materials Limited is leading producer of Styrenics resin in India. Total Income (INR mn) Profit before tax and exceptional item (INR mn) 6,248 6,558 1,301 1,159 5,536 5,596 323 404 Jan-Mar Apr-Jun Jul-Sep 22 Oct-Dec Jan-Mar Apr-Jun Ju
Slide 8: Our products: ABS and SAN
Our products: ABS and SAN ABSOLAC® Acrylonitrile butadiene styrene (ABS) plastics resin • Aesthetic, colorful surfaces and excellent paintability • Easy processing, good impact strength and heat resistance, high adhesion strength required for electroplating, good mechanical strength and chemical res
Slide 9: Our products: Polystyrene
Our products: Polystyrene STYRENIX® PS General Purpose Polystyrene (GPPS) • Transparent polymers suitable for injection molding and extrusion applications. • Uses for these products vary from food service and food packaging to refrigerator components, healthcare and diagnostic and lab ware as well a
Slide 10: Product Segments and Applications
Product Segments and Applications Product FY22 Net Sales % End Use Application examples • Automobile • Household ABS – Absolac® • Consumer Brand Electronics • Toys, Sports & Specialties Others Approx. 70% • Household • Consumer SAN – Absolan® Electronics Brand • Packaging • Toys and General Injectio
Slide 11: ABS demand on a growth trajectory
ABS demand on a growth trajectory Demand (kt) CAGR (FY14 -22): 6.6% 251 235 235 235 224 205 183 166 COVID Impact 151 on demand FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY = fiscal year ABS India market share estimates: Styrenix Performance Domestic Competitor Imports Materials Limited 15-25% 40-
Slide 12: PS demand on a growth trajectory
PS demand on a growth trajectory Demand (kt) Demand CAGR (FY14-22): 3.1% 261 262 260 261 252 232 226 217 207 COVID and SUP ban Impact on demand FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY = fiscal year PS India market share estimates: Styrenix Performance Domestic Competitors Imports Materials L
Slide 13: India Footprint
India Footprint Gujarat Katol Moxi Nandesari Delhi Dahej Vadodara (HQ) Mumbai Pune ABS Polystyrene Bangalore Chennai Sales Team 12
Slide 14: Strong Footprint of Manufacturing Facilities in India
Strong Footprint of Manufacturing Facilities in India ABS Production Network Expanded in 2019 ABS Compounding ABS Rubber and R&D Centre Nandesari Moxi Expanded in 2014 GPPS SAN HIPS Katol Dahej Polystyrene Site • Global standards of safety, health & environmental norms; strong safety record • Well e
Slide 15: State of the Art Research & Development (R&D) Center at Moxi
State of the Art Research & Development (R&D) Center at Moxi Moxi Color Excellence and R&D center Established in 1996 Supports process optimization, coloring, application and new product development, customer relations and core R&D programs. • Unique product innovation capabilities with world class
Slide 16: Financial review
Financial review Quarter & Nine months Ended Dec 2022 results highlights (Unit : INR Mn except EPS) % vs Jul-Sep % vs Oct-Dec Particulars Oct-Dec 22 Jul-Sep 22 Oct-Dec 21 Apr-Dec 22 Apr-Dec 21 % 22 21 Sales revenue 5,572 5,500 5,119 -1% 9% 17,570 15,551 13% Other income 24 36 16 -32% 50% 121 130 -6%
Slide 17: Segment revenue & results
Segment revenue & results Quarter & Nine months Ended Dec 2022 results highlights (Unit : INR Mn) Quarterly YTD % vs Jul- % vs Oct- % vs Apr- Particulars Oct-Dec 22 Jul-Sep 22 Oct-Dec 21 Apr-Dec 22 Apr-Dec 21 Sep 22 Dec 21 Dec 21 1. Segment revenue (Revenue from operations) (a) Specialties 3,794 4,0
Slide 18: Segment assets & liabilities
Segment assets & liabilities Quarter & Nine months Ended Dec 2022 results highlights (Unit : INR Mn) Quarterly YTD % vs Jul- % vs Oct- % vs Apr- Particulars Oct-Dec 22 Jul-Sep 22 Oct-Dec 21 Apr-Dec 22 Apr-Dec 21 Sep 22 Dec 21 Dec 21 Segment assets (a) Specialties 7,709 8,256 8,083 -7% -5% 7,709 8,08
Slide 19: Outlook 2023
Outlook 2023 • We expect that the initiatives by Government such as Production Linked Incentive schemes, Atmanirbhar Bharat initiative and Capex investment in infrastructure will support overall economic growth • Styrenix is working towards : • Developing new products to enhance customer value • Foc
Slide 20: Thank You
THANK YOU