Slide 1: Cover letter to stock exchanges
30th May 2023 To, To, The Manager - Listing Department, Manager-Department of Corporate Services The National Stock Exchange of India Ltd BSE Limited Exchange Plaza, 5th floor, Jeejeebhoy Towers, Plot no. C/1, “G” Block, Dalal Street, Fort, Bandra-Kurla Complex, Mumbai - 400 001 Mumbai-400051 Symbol
Slide 2: Investor Presentation May 2023
INVESTOR PRESENTATION MAY 2023
Slide 3: Index
01 Index Executive Summary 02 Company Overview 04 Business Overview 13 Strategic Overview 17 Financial Overview 19
Slide 4: Executive Summary
EXECUTIVE SUMMARY
Slide 5: Executive Summary
02 Executive Summary OVERVIEW Apcotex Industries Ltd (Apcotex) is a leading producer of Synthetic Rubber (Nitrile Rubber, High Styrene Rubber, Nitrile Polyblends and Nitrile Powder) and Synthetic Latex (XSB Latex, VP Latex, Styrene Acrylics and Nitrile Latex) in India. The company has one of the bro
Slide 6: Company Overview
COMPANY OVERVIEW
Slide 7: Promoter Background
04 Promoter Background OPERATIONAL REVENUE (INR MN) ▶ The Company’s Taloja plant was established in 1980 as a division of Asian AND EBITDA MARGIN (%) Paints (India) Ltd. In 1991, the division was spun off as a separate company, which was headed by Mr. Atul Choksey, former MD of Asian Paints. The com
Slide 8: Board of Directors
05 Board of Directors MR. ATUL C. CHOKSEY (CHAIRMAN) He is a Chemical Engineer from the Illinois Institute of Technology, Chicago, USA. He joined Asian Paints (India) Limited as Junior Executive in 1973 and was subsequently appointed as Whole-time Director with effect from May 1979. He served as the
Slide 9: Board of Directors
06 Board of Directors MR. KAMLESH S. VIKAMSEY MR. SHAILESH S. VAIDYA (INDEPENDENT DIRECTOR) (INDEPENDENT DIRECTOR) He is a Chartered Accountant and a Senior Partner in reputed He is a law graduate from Government Law College and firm of Khimji Kunverji & Co LLP. He was member of the Central became S
Slide 10: Key Milestones
07 Key Milestones 1980 2013 2019 2023 Started as a division of Asian Paints. Installed capacity of saleable latex Entered into Nitrile Latex New Nitrile Latex capacity of 50,000 MT Pioneered the manufacturing of Vinyl increased at Taloja from 40,000 MT business for Gloves application. p.a. (wet) at
Slide 11: Industry Clients
08 Industry Clients PAPER CARPET ITC Ltd BILT Obeetee Industries Standard JK PAPER NR Group ABC Industries Mac RUBBER TYRE/CORD DIPPER Paragon Footwear Distributors MRF Rajshree Polyfill Lunars Footwear all over SRF (Century Enka) Valia Plant Josco India Kordsa Madura CONSTRUCTION RICE ROLLS Pidilite
Slide 12: R&D and Quality Control
09 R&D and Quality Control The Company has been continuously upgrading their technology through in house research & PRODUCT DEVELOPMENT LAB QUALITY ASSURANCE LAB development efforts to meet the changing needs of customers Currently 41 employees are dedicated for R&D and technical support. DCS PROCESS
Slide 13: Quality Certifications
10 Quality Certifications ISO 14001:2004, Integration of TPM Excellence ISO 9001 OHSAS 18001:2007 Quality, Environment Responsible Award for Valia Certified Certified and OHSAS Systems Care Certified Plant 2000 2006 2009 2011 2012 2013 2015 2018 2022 TPM Journey TPM Excellence TPM Consistency Valia pla
Slide 14: Key Strengths
11 Key Strengths High entry barriers due to proprietary product and process Experienced technology, large Advanced Strategic location Promoters along capex, long sales technological Only of manufacturing with professional lead times and knowhow, in Manufacturer of Marquee list units in India and man
Slide 15: Business Overview
BUSINESS OVERVIEW
Slide 16: Process
13 Process VALUE CHAIN Sources of Raw Materials Raw Materials Final Products Paper Carpet Construction Butadiene Natural Gas Synthetic Latex Tyre Cord Gloves Specialty Styrene Nitrile Rubber NBR Polyblend Acrylonitrile Crude Oil Rubber High Styrene Rubber NBR Powder apcotex.com
Slide 17: Synthetic Latex Products
14 Synthetic Latex Products The company caters to a large customer base for synthetic latex across industries and commands high market share across industries like Paper, Carpets, Tyres and Construction. PAPER CARPET CONSTRUCTION SPECIALTY TYRE CORD GLOVES Provides high wet and Soft secondary backin
Slide 18: Synthetic Rubber Products
15 Synthetic Rubber Products Apcotex is the only manufacturer of Nitrile Rubber and High Styrene Rubber in India. It has a high market share in HSR but a low market share in NBR due to capacity constraints. NITRILE RUBBER (NBR) NBR POLYBLEND HIGH STYRENE RUBBER NBR POWDER Low viscosity grade with Co
Slide 19: Strategic Overview
STRATEGIC OVERVIEW
Slide 20: Future Strategy
17 Future Strategy The Company’s presence in Apcotex has a strong global The Company also plans the stable growth industries presence in South East Asia, to increase capacities like Paper, Construction, Middle East & Africa and for Nitrile Rubber to Carpet, Tyre and Rubber intends to tap the Asian c
Slide 21: Financial Overview
FINANCIAL OVERVIEW
Slide 22: Annual Financial Performance
19 Annual Financial Performance Particulars (INR Mn) FY23 FY22 Y-o-Y Operational Revenue 10,799 9,569 12.9% Total Expenses 9,214 8,171 12.8% EBITDA 1,585 1,398 13.4% EBITDA Margins 14.68% 14.61% 7 Bps Depreciation 152 141 7.8% Finance Cost 51 32 59.4% Other Income 73 79 (7.6)% PBT 1,455 1,304 11.6%
Slide 23: Historical Income Statement
20 Historical Income Statement Particulars (INR Mn) FY20 FY21 FY22 FY23 Operational Revenue 4,960 5,406 9,569 10,799 Total Expenses 4,626 4,708 8,171 9,214 EBITDA 334 698 1,398 1,585 EBITDA Margins 6.73% 12.91% 14.61% 14.68% Depreciation 134 145 141 152 Finance Cost 13 38 32 51 Other Income 59 52 79
Slide 24: Balance Sheet
21 Balance Sheet Particulars (INR Mn) FY21 FY22 FY23 Particulars (INR Mn) FY21 FY22 FY23 Shareholders Fund 3,054 3,962 4,760 Total Non Current Assets 2,383 3,014 4,809 Equity Share Capital 104 104 104 Property, Plant and Equipment 1,441 1,560 3,834 Other Equity 2,950 3,858 4,656 Capital Work in prog
Slide 25: Historical Performance Indicators
22 Historical Performance Indicators OPERATIONAL REVENUE (₹ IN LAKHS) PAT (₹ IN LAKHS) AND PAT MARGIN (%) EBITDA (₹ IN LAKHS) EBITDA MARGIN (%) 120000 13,000 16000 1,07,993 11500 10,794 15,852 100000 9,881 15000 95,690 13,982 9500 80000 13000 7000 10.0% 14.7% 54,060 60000 49,600 7000 4,420 10.3% 6,8
Slide 26: Disclaimer
23 Disclaimer Apcotex Industries Ltd Disclaimer: This presentation and the accompanying slides (the “Presentation”), which have been prepared by Apcotex Industries Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation
Slide 27: Investor Relations Representatives
For further details, please feel free to contact our INVESTOR RELATIONS REPRESENTATIVES: Mr. Sachin J Karwa Mr. Anuj Sonpal Apcotex Industries Limited Valorem Advisors CIN: L99999MH1986PLC039199 +91-22-49039500 Email: sachin.karwa@apcotex.com apcotex@valoremadvisors.com