Dcw Ltd. · NSE:DCW
Dcw — Q3 FY2025 Earnings Presentation
22 slides from Dcw's earnings presentation, Feb 14, 2025
Slide 1: Investors' Presentation cover letter to exchanges
0 DCW LIMITED February 14, 2025 To, National Stock Exchange of India Ltd. BSE Limited Exchange Plaza Bldg. Department of Corporate Services, 5th Floor, Plot No.C-1 1st floor, New Trading Ring 'G' Block, Near Wockhardt, Rotunda Building, Bandra Kurla Complex Phiroze Jeejeebhoy Towers, Mumbai 400 051
Slide 2: DCW Limited Earning Presentation Q3/9M-FY25
DCW Limited Earning Presentation Q3/9M-FY25 1
Slide 3: Snapshot
Snapshot BUSINESS 8+ 2 Pioneer Leading Largest and Unique Decades of State-of-the-Art In India Soda Ash, C-PVC, Manufacturer of Commercial scale Experience Integrated Synthetic Rutile & C-PVC and SIOP manufacturer of SIOP in Manufacturing Units SIOP in India the Asia OPERATIONS 12+ 2,000+ Zero 58 MW
Slide 4: Business Overview
Business Overview Financial Highlights Historical Financial Overview 3
Slide 5: Company Overview
Company Overview Operating Revenue (INR Mn) and EBITDA Margins (%) • Incorporated in 1939, DCW Ltd. was established as Dhrangadhra Chemical Works at Dhrangadhra, 26,338 Gujarat as India’s first Soda Ash plant. 24,547 18,716 • Since then DCW has pioneered and created a strong presence in the Chlor-Al
Slide 6: Key Milestones
Key Milestones Growth in Commodity Chemicals Expansion towards Specialty Chemicals Setup one of the Entered into a Technical Commenced Commissioning of the first integrated License and Support production of 1st Chlor-alkali Plant at plants in India to Agreement with Rockwood and only Sahupuram in Ta
Slide 7: Marquee Customers
Marquee Customers Commodity Chemicals Specialty SpecialtyChemicals Chemicals 6
Slide 8: Value Proposition
Value Proposition Significant Scale-up Opportunities Technology Tie-ups Diversified Application Base Niche & Diversified Product Mix Over 2,500- acre land bank available at Licensed technology from Arkema Catering to over 15 industries with Diversified product mix of Sahupuram facility provides easy
Slide 9: Capital Expenditure
Capital Expenditure Project Planned Date of Capitalisation Actual Date of Capitalisation Change in Capacity Remarks 44.5MW group captive power to Investment in Renewable Expected Project Completion H2-FY25 substitute 25% of power Project on track. Power Project requirements at Sahupuram 20 KT Expect
Slide 10: Financial Highlights
Business Overview Financial Highlights Historical Financial Overview 9
Slide 11: Key Financial and Operational Highlights
Key Financial and Operational Highlights Q3-FY25 Financial Performance Q3/9M-FY25 Operational Highlights: Revenue from • Revenue from operations grew by 19% YoY in Q3-FY25 and 17% YoY in EBITDA Operations EBITDA Margins 9M-FY25, despite price erosion across all product segments, except for INR 569 M
Slide 12: Quarterly Key Segmental Performance
Quarterly Key Segmental Performance Revenue (INR Mn) & EBITDA Margin (%) C-PVC SIOP Caustic Division PVC Soda Ash 870 569 1,406 1,707 1,726 606 1,504 588 755 479 579 1,099 382 508 752 35.5% 33.5% 30.5% 41.9% 9.0% 7.4% 36.5% 36.5% 6.1% 4.7% -9.2% -4.0% -7.3% -7.9% -0.1% Q3-FY24 Q2-FY25 Q3-FY25 Q3-FY2
Slide 13: 9M Key Segmental Performance
9M Key Segmental Performance Revenue (INR Mn) & EBITDA Margin (%) C-PVC SIOP Caustic Division PVC Soda Ash 2,475 1,533 3,586 3,117 5,102 5,181 1,765 1,756 1,416 973 36.7% 36.7% 38.0% 33.2% 8.3% 4.4% 1.7% -3.4% -1.0% -1.1% 9M-FY24 9M-FY25 9M-FY24 9M-FY25 9M-FY24 9M-FY25 9M-FY24 9M-FY25 9M-FY24 9M-FY2
Slide 14: Quarterly Consolidated Financial Performance
Quarterly Consolidated Financial Performance Particulars (INR Mn) Q3-FY25 Q3-FY24 Y-o-Y Q2-FY25 Q-o-Q Operational Income 4,742 3,978 19.2% 4,887 (3.0)% Total Expenses 4,173 3,784 10.3% 4,533 (7.9)% EBITDA 569 194 NA 354 60.7% EBITDA Margins (%) 12.00% 4.88% 712 Bps 7.24% 476 Bps Other Income 48 44 9
Slide 15: YTD Consolidated Financial Performance
YTD Consolidated Financial Performance Particulars (INR Mn) 9M-FY25 9M-FY24 Y-o-Y Operational Income 14,624 12,499 17.0% Total Expenses 13,248 11,378 16.4% EBITDA 1,376 1,121 22.7% EBITDA Margins (%) 9.41% 8.97% 44 Bps Other Income 172 127 35.4% Depreciation 747 693 7.8% Interest 515 536 (3.9)% Prof
Slide 16: Historical Financial Overview
Business Overview Financial Highlights Historical Financial Overview 15
Slide 17: Historical Income Statement
Historical Income Statement Particulars (INR Mn) FY22 FY23 FY24 9M-FY25 Operational Income 24,547 26,338 18,716 14,624 Total Expenses 21,299 22,053 16,961 13,248 EBITDA 3,248 4,285 1,755 1,376 EBITDA Margins (%) 13.23% 16.27% 9.38% 9.41% Other Income 61 153 183 172 Depreciation 885 902 938 747 Inter
Slide 18: Historical Balance Sheet
Historical Balance Sheet Particulars (INR Mn) FY23 FY24 H1-FY25 Particulars (INR Mn) FY23 FY24 H1-FY25 ASSETS EQUITY AND LIABILITIES Non-Current Assets Equity Property, Plant & Equipment 12,839 13,005 13,014 Share Capital 590 590 590 Other Equity 9,661 9,727 9,782 Capital Work in progress 597 410 68
Slide 19: Financial Performance
Financial Performance Revenue From Operations (INR Mn) EBITDA (INR Mn) & EBITDA Margins % PAT (INR Mn) 26,338 4,285 1,920 24,547 18,716 3,248 14,643 14,624 1,075 2,094 1,755 1,376 16.27% 14.30% 13.23% 9.38% 157 189 9.41% 38 FY21 FY22 FY23 FY24 9M-FY25 FY21 FY22 FY23 FY24 9M-FY25 FY21 FY22 FY23 FY24
Slide 20: Capital Market Data
Capital Market Data 1 Year Stock Performance (up to 31st December, 2024) 100% 80% 60% 40% 20% 0% -20% -40% Jan/24 Feb/24 Mar/24 Apr/24 May/24 Jun/24 Jul/24 Aug/24 Sep/24 Oct/24 Nov/24 Dec/24 DCW Sensex Price Data (As on 31st December, 2024) INR Shareholding Pattern (As on 31st December, 2024) Face V
Slide 21: Disclaimer
Disclaimer DCW Ltd. No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Such information and opinions are in all events not current af
Slide 22: Thank You
THANK YOU pul