Bhageria Industries Ltd. · NSE:BHAGERIA
Bhageria Industries — Q1 FY22 Earnings Presentation
24 slides from Bhageria Industries's earnings presentation, Jul 28, 2021
Slide 1: Exchange cover letter for investor presentation
BHAGERIA INDUSTRIES LIMITED Tel. : 91-22-4043 6666 REGO. OFF.: OFFICE N0. 1002, 10TH FLOOR, TOPIWALACENTRE, OFFS. V. ROAD , Email : info@bhageriagroup.com NEAR GOREGAON RAILWAY STATION, GOREGAON (WEST), MUMBAI - 400 062. Website : www.bhageriagroup.com CIN : L40300MH19S9PLC052574 Date: July 28, 2021
Slide 2: Bhageria Industries Ltd. Investor Presentation Q1 FY22
Bhageria Industries Ltd. Investor Presentation Q1 FY22
Slide 3: Competitive Strengths
Competitive Strengths 2
Slide 4: Leading manufacturer of dye intermediates
Leading manufacturer of dye intermediates One of the top 3 producers Backward integrated into ~14,000 TPA capacity of H-Acid & Gamma Acid acid manufacturing in India 300 TPD Sulphuric Acid Capacity Achieving optimum capacity Zero discharge Shipping to 10+ countries utilization of 85%+ manufacturing
Slide 5: With margin leadership in the industry
With margin leadership in the industry EBITDA Margins – Chemical biz ROCE of Chemical Segment – 22.6% 25.0 24.7 Rs Cr Company FY21 Chemical Biz. FY21 20.1 21.8 Net Sales 402 369 EBITDA 104 91 FY18 FY19 FY20 FY21 EBITDA margin 25.8% 24.7% Depreciation 26 11 » High capacity utilization – 85%+ » Sourci
Slide 6: And strong financial base to drive growth
And strong financial base to drive growth Operating Cash Flow (Rs Crore) OCF/EBITDA (%) 110% 137 60% 56% 50% 59 58 40 FY18 FY19 FY20 FY21 FY18 FY19 FY20 FY21 Strong cash flow from operations to help fund growth opportunities 5
Slide 7: Long term debt free, net cash company
Long term debt free, net cash company Total Debt (Rs Crore) Cash and Equivalents (Rs Crore) Net Cash (Rs Crore) 83.4 75.6 52.1 38.7 61.0 58.8 27.4 20.5 41.2 34 -21.0 31.4 23 20.7 10.7 Mar'18 Mar'19 Mar'20 Mar'21 Mar'18 Mar'19 Mar'20 Mar'21 Mar'18 Mar'19 Mar'20 Mar'21 Long term solar debt Working cap
Slide 8: High returns ratios
High returns ratios Return on Equity (%) Return on Capital Employed (%) 27.7% 22.4% 19.7% 17.7% 18.1% 14.4% 14.8% 14.6% FY18 FY19 FY20 FY21 FY18 FY19 FY20 FY21 Consistent high return ratios reflecting strong business efficiencies 7
Slide 9: Supported by strong and capable R&D team
Supported by strong and capable R&D team • Optimization of process chemistry to achieve the highest chemical efficiency • New product development and product purity whilst minimizing effluent production Key Focus • Continued focus on improving the • New application for existing products product qual
Slide 10: Supplemented by a stable annuity solar business
Supplemented by a stable annuity solar business » 25 year PPA with Solar Energy » 25 year PPA with Asahi India Corporation of India (SECI) Glass Ltd, TRIL Ltd, Lucas Ltd & 30MW solar project 4MW rooftop in Maharashtra » Capacity - 30MW solution Kajaria Ceramics Ltd (commissioned in » Tariff – Rs 4.4
Slide 11: Well laid out capex plan, funded through internal accruals
Well laid out capex plan, funded through internal accruals Expansion in Enhancing Manufacturing Backward dye power of pigments integration intermediates capacities intermediates Total Planned Increase power Manufacture capacity to 8,000 Capex of Sulphuric Acid & Exploring new ~Rs. 130 crore J – acid
Slide 12: Company Overview
Company Overview 11
Slide 13: Promoters with significant industry experience
Promoters with significant industry experience Suresh Bhageria Chairman • Has experience of more than 30 years in the Dyes & Dyes Intermediates Industry of Drugs and Pharmaceuticals • Holds a degree in Bachelor of Commerce Vinod Bhageria Managing Director • Has experience of more than 30 years in th
Slide 14: Represented by a robust board of directors
Represented by a robust board of directors Mukund Chitale Ameya Jadhav Independent Director Independent Director Experience of more than 10 years in teaching A renowned CA with over 40 years of and social organizations experience Surendra Gupta G.D. Yadav Independent Director Independent Director Ha
Slide 15: Strong global footprint
Strong global footprint India Germany Spain Japan South USA Korea China Taiwan Mexico Thailand Indonesia Brazil Turkey 35% Revenue contribution from exports in Q1 FY22 14
Slide 16: Nurturing social responsibility
Nurturing social responsibility Health & Safety Education Rural Development Promoting Health care Contribution for Expansion of including preventive health School/College at Mulund East, Ekal Abhiyan for upliftment care & Health Cheakup Raosaheb Balaram Dnyandeo of tribals Camps Thakur Vidyamandir F
Slide 17: Giving back to stakeholders
Giving back to stakeholders Dividend (% of Face Value) 110.0% 100.0% 97.5% Consistent Dividend 70.0% Payout 60.0% 50.0% 50.0% 35.0% 2014 2015 2016 2017 2018 2019 2020 2021 16
Slide 18: Financial Highlights
Financial Highlights 17
Slide 19: Q1 FY22 financial highlights
Q1 FY22 financial highlights Revenue (Rs Cr) EBITDA (Rs Cr) PAT (Rs Cr) 35 23 130 31 106 114 113 18 25 22.1 16 13 52 13 6 Q1 Q2 Q3 Q4 Q1 Q1 Q2 Q3 Q4 Q1 Q1 Q2 Q3 Q4 Q1 FY21 FY21 FY21 FY21 FY22 FY21 FY21 FY21 FY21 FY22 FY21 FY21 FY21 FY21 FY22 EBITDA Margin (%) PAT Margin (%) 30.7% 24.1% 23.6% 23.7% 1
Slide 20: Consolidated profit & loss statement – Q1 FY22
Consolidated profit & loss statement – Q1 FY22 Rs Cr Q1 FY22 Q1 FY21 % Change Net Sales 113.0 52.1 117.0% -Chemical 101.5 43.8 -Solar 7.8 8.3 -Others 3.7 0.0 Cost of Goods Sold 69.0 28.7 140.4% Employee Benefit Expense 4.0 3.2 Other Expenses 17.9 7.7 Total Expenses 90.9 39.6 EBITDA 22.1 12.5 76.7% E
Slide 21: Consolidated annual profit & loss statement
Consolidated annual profit & loss statement Rs Cr FY21 FY20 FY19 Net Sales 402 414 462 -Chemical 369 373 429 -Solar 30 31 33 -Others 3 10 - Cost of Goods Sold 220 244 271 Employee Benefit Expense 19 16 13 Other Expenses 60 56 53 Total Expenses 298 316 338 EBITDA 104 98 125 EBITDA margin 25.8% 23.6%
Slide 22: Growth with operational efficiency
Growth with operational efficiency Revenue (Rs Cr) EBITDA (Rs Cr) PAT (Rs Cr) 462 71 414 125 66 63 402 367 104 98 80 40 FY18 FY19 FY20 FY21 FY18 FY19 FY20 FY21 FY18 FY19 FY20 FY21 EBITDA Margin (%) PAT Margin (%) 27.0% 25.8% 23.6% 21.8% 15.5% 15.9% 15.6% 11.0% FY18 FY19 FY20 FY21 FY18 FY19 FY20 FY21
Slide 23: Consolidated Balance Sheet as on 31st Mar'21
Consolidated Balance Sheet as on 31st Mar’21 Rs Cr Mar’21 Mar’20 Rs Cr Mar’21 Mar’20 Share Capital 21.8 21.8 Fixed Assets incl. CWIP 365.1 349.4 Reserves 429.9 380.4 Non-Current Investments 0.5 0.4 Shareholders' Funds 451.7 402.2 Other Financial Assets 2.8 2.2 Long Term Borrowings 0.0 0.0 Other Non
Slide 24: Safe Harbour
Safe Harbour This presentation and the accompanying slides (the “Presentation”), which have been prepared by Bhageria Industries Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any