Styrenix Performance Materials Ltd · NSE:STYRENIX
Styrenix Performance Materials — Q3 FY2024-25 Earnings Presentation
42 slides from Styrenix Performance Materials's earnings presentation, Jan 31, 2025
Slide 1: Cover letter to stock exchanges: Investor Presentation
January 31, 2025 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’) Mumbai 400 051 BSE Scrip Code: 506222 NSE Symbol: STYRENIX Subject: Investor Pre
Slide 2: Investor Presentation Oct – Dec 2024
NSE: STYRENIX | BSE: 506222 Investor Presentation Oct – Dec 2024
Slide 3: Slide 3
Slide 4: Acquisition of Ineos Styrolution (Thailand) Co. Ltd
ACQUISITION OF INEOS STYROLUTION (THAILAND) Co. Ltd 3
Slide 5: Acquisition of Ineos Styrolution Thailand
Acquisition of Ineos Styrolution Thailand Styrenix had entered a SPA with Ineos Styrolution Group GMBH on Dec 9, 2024 for acquiring 100% shareholding of Ineos Styrolution Thailand Co. Ltd. Located in Thailand The acquisition transaction has been successfully completed on Jan 17, 2025 Styrenix
Slide 6: Synopsis for Acquisition of Ineos Styrolution Thailand Co Ltd
Synopsis for Acquisition of Ineos Styrolution Thailand Co Ltd Good presence in Thailand and in other Asian market Is in business of manufacturing and selling Specialty Plastic based products Products are used in various applications across various industries like Automotive, HH, Packaging etc.
Slide 7: Strategic Rationale for Acquisition
Strategic Rationale for Acquisition Gives APAC presence and Inorganic growth Target is almost in similar space of operations and product Better opportunities for market expansion outside India Better Product technology and product profile Benefits of synergies across companies due to diffe
Slide 8: Map Ta Phut, Thailand Site
Map Ta Phut, Thailand Site Products: ABS, SAN and Rubber Capacity: ABS : 85 KT SAN : 100 KT Rubber : 31 KT Area : 69,160 Sq.m
Slide 9: Financial and Other Information
Financial and Other Information As on Dec 31, 2024 Particulars Jan-Dec 21 Jan-Dec 22 Jan-Dec 23 Jan-Dec 24 Actual Actual Actual Actual Fixed Assets Gross Block INR Cr 722 Capacity, KT Fixed Assets Net Block INR Cr 348 ABS 85 85 85 85 Trade NWC INR Cr 109 SAN 100 100 100 100 Cash & Cash Eq. INR Cr 33
Slide 10: Styrenix Financial Snapshot
Styrenix Financial Snapshot 9
Slide 11: Financial Snapshot – Quarterly (Standalone)
Financial Snapshot – Quarterly (Standalone) Q u a r t e r l y 10
Slide 12: Financial Snapshot – YTD Dec 2024 (Standalone)
Financial Snapshot – YTD Dec 2024 (Standalone) Y T D 11
Slide 13: Quarterly and YTD Financials (Standalone)
Quarterly and YTD Financials (Standalone) (INR Cr. except EPS) % vs Jul-Sep % vs Oct-Dec Particulars Oct-Dec 24 Jul-Sep 24 Oct-Dec 23 YTD Dec 24 YTD Dec 23 % 24 23 Sales revenue 690.8 653.2 484.7 5.8% 42.5% 2,042.7 1,623.5 25.8% Other income 1.4 6.4 1.7 -78.5% -20.6% 9.6 6.9 40.4% Total Income 692.2
Slide 14: Sales Volume, in MT
Sales Volume, in MT Lower volume in Q2 FY24-25 due to shutdown for debottlenecking project of PS at Dahej 13
Slide 15: Overview of the Company
OVERVIEW OF THE COMPANY
Slide 16: A leader in ABS & SAN, growing in Polystyrene & other polymer segments
A leader in ABS & SAN … growing in Polystyrene & other polymer segments Globally …. Catering to all regions of ABSOLAC (ABS) Unique product India through: ASALAC innovation capabilities Committed to maintain • R&D STYROLOY highest quality & • 4 Production units performance standards PAN India ABSOLA
Slide 17: ... with consistent growth…
... with consistent growth… 1973 1992 ABS capacity increased to Capacity increased of 1993 10,000 TPA ABS to 39,000 TPA & 1995- SAN to 40,000 TPA 1996 Commissioned new SAN plant in Katol - capacity 5,000 TPA Mr. Rakesh Agrawal Incorporated 2000- ABS Plastics Ltd. and leads it till 2012 2003 ABS capa
Slide 18: ...including plants with scope for expansion in India…
...including plants with scope for expansion in India… 01 NANDESARI Product: Rubber Capacity: 27 KTPA Area: 45,000 sq.m MOXI 02 Product: ABS & Others Capacity: 100 KTPA Area: 45,000 sq.m KATOL 03 Product: SAN Capacity: 100 KTPA Area: 48,000 sq.m DAHEJ 04 Product: PS Capacity: 100 KTPA Area: 2,27,000
Slide 19: ...and cutting edge R&D center with experience in executing global projects…
...and cutting edge R&D center with experience in executing global projects… Established in 1995 – Color excellence 01 R&D facility with more than 1,300 On spot color confirmation colors. with customer requirement. 06 Focus on rubber research, 02 color development activities new product development
Slide 20: ...driven by best practices of SHE…
...driven by best practices of SHE… SHE Highlights SHE Focus Area Best Practices Followed • Committed to the Safety and Health of employees and • Process Safety [As per OSHA guidelines] • Process Safety Management nearby communities - PSM training from external expert conducted [As per OSHA guidelin
Slide 21: …led by competent Board of Directors…
…led by competent Board of Directors… Rakesh S. Agrawal Milin Mehta Chairman Independent Director A first-generation entrepreneur, Chairman-Shiva Group Leads the practice of K.C. Mehta & Co. Masters of Engineering in Chem. from Stevens Institute of Tech. Chartered Accountant and Law Graduate Experie
Slide 22: …having marquee clientele
…having marquee clientele • Hero, Honda, Bajaj, TVS, OLA, Yamaha, Aether Automotive • Maruti Suzuki, TATA, Mahindra • Ashok Leyland,…… • LG, Samsung, Haier, Godrej,…. Household • Daikin, Havells, IFB,…. Appliances • Orient, Crompton, Kent, Eureka Forbes,… Stationary, • Flair, Linc, Lexi, Win, Ostern
Slide 23: Capital Market Statistics
Capital Market Statistics Shareholding Pattern Share Price Movement • Exchanges Traded: BSE, NSE • Face Value per Share: Rs. 10 • Current Market Price: INR 2582.90/share as on Dec 31, 2024 Close • Market Cap : INR 4,542 Cr. • 52 Week High: INR 3,095.65 ; 52 Week Low: INR 1,286 22
Slide 24: Applications Across Diverse Industries
APPLICATIONS ACROSS DIVERSE INDUSTRIES
Slide 25: Applications across diverse industries
Applications across diverse industries 24
Slide 26: Applications: ABSOLAC ABS
Applications: ABSOLAC®ABS 25
Slide 27: Applications: ABSOLAC ABS
Applications: ABSOLAC®ABS 26
Slide 28: Applications: ABSOLAN SAN
Applications: ABSOLAN®SAN 27
Slide 29: Applications: ABSOLAN SAN
Applications: ABSOLAN®SAN 28
Slide 30: Applications: STYRENIX GPPS
Applications: STYRENIX®GPPS 29
Slide 31: Applications: STYRENIX GPPS
Applications: STYRENIX®GPPS 30
Slide 32: Applications: STYRENIX HIPS
Applications: STYRENIX®HIPS 31
Slide 33: Applications: STYROLOY & ASALAC
Applications: STYROLOY® & ASALAC® STYROLOY® ASALAC® 32
Slide 34: Business Performance & Outlook
BUSINESS PERFORMANCE & OUTLOOK
Slide 35: Managing Director’s Message
Managing Director’s Message We, at Styrenix Performance Materials continue to strengthen our position in specialties, drive product mix to maximize margins, addition of new grades & blends to our product portfolio. Our strive is to further strengthen Company’s position in focus industries, mainly in
Slide 36: Global GDP Growth
Global GDP Growth * India is being forecasted by globally highest GDP among other country Source IMF 35
Slide 37: Market Growth Q3 FY24-25
Market Growth Q3 FY24-25 Small Polymer Large appliances demand Automotive Household & Utility growth Appliances items 6~7% • Auto Industry – Two-Wheeler growth was 11 % & however Four where growth was -1% over previous year same period • Large Appliances – Refrigerator ~10%, AC ~11%, Washing Machine
Slide 38: Outlook Q4 FY24-25
Outlook Q4 FY24-25 • Indian household items- more focus on Air conditioner and washing machine which are growing faster than other large appliances items. • Household industry performance across all products are in between 6~8% • Polymer demand likely to grow> 7% YoY • Auto 4W Oct ~ Dec sale was dow
Slide 39: An Enthralling Investment Story
An Enthralling Investment Story Market leader in ABS & SAN in India….Growing in polystyrene and other polymer segments… Long established relationships with customers Capacity expansion plan to tap polymer market growth of 8~10% Technology leader with global R&D capabilities Focus on specialties, OEM
Slide 40: For further information, please contact
For further information, please contact : Bhupesh P. Porwal - Chief Financial Officer bhupesh.porwal@styrenix.com KINDLY READ THE DISCLAIMER AT THE END OF THE PRESENTATION
Slide 41: Disclaimer
Disclaimer This presentation has been prepared by Styrenix Performance Materials Ltd. (“Styrenix” or the “Company”) solely for your information and may not be taken away, reproduced, or redistributed directly or indirectly, to any other person (whether within or outside your organization or firm) or
Slide 42: 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
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