Race Eco Chain Ltd. · NSE:RACE
Race Eco Chain — FY2024 Earnings Presentation
23 slides from Race Eco Chain's earnings presentation, Jun 11, 2024
Slide 1: Exchange filing cover letter for investor presentation
Dated: 11th June, 2024 Bombay Stock Exchange Limited National Stock Exchange Limited Department of Corporate Services, Listing Department Phiroze Jeejee Bhoy Towers, Exchange Plaza,C-1, Block-G, Dalat Street, Mumbai-400001 Bandra-Kurla Complex, Mumbai 400051 Scrip Code: 537785 Symbol: RACE Subject:
Slide 2: Earnings Presentation FY24
+ ‘G11 NIVHD O93 3DVu i Qs O: os qq: 65 eS @® &2s @ Sec
Slide 3: FY24 – Performance Highlights (Standalone)
FY24 – PERFORMANCE HIGHLIGHTS (STANDALONE) Snapshots ~1,31,028 MT Operating Revenue EBITDA PAT This is the quantum of waste ₹338.50 crore ₹5.53 crore ₹1.57 crore (in tonnes) that we aggregated during FY24. India generates more than 26% YoY 165% YoY 20% YoY 62mn tons of municipal solid waste annually
Slide 4: India Plastic Waste Industry
INDIA PLASTIC WASTE INDUSTRY Indian Plastic waste Recycling Market size (Mn Tonnes) 18.5 8.9 FY22 FY28F Favourable Regulations • India’s plastic waste recycling market size reached • Favourable regulatory environment around the plastic waste 8.9 Million Tons in 2022. Going forward, the market manage
Slide 5: Plastic Packaging Waste Business Numbers (Standalone)
Plastic Packaging Waste Business Numbers (STANDALONE) Snapshots ~75,972 MT Revenue (FY24) Market Share* (PET Waste) This is the quantum of plastic waste (in tonnes) that we aggregated during FY24. Registering a ₹291.86 crore 7.77% growth of 66% YoY 47% YoY 249bps YoY • Our market dominance is streng
Slide 6: India Biofuel Industry
INDIA BIOFUEL INDUSTRY Mandatory Biomass Co-firing Indian Biomass Market (US $Bn) Rate for Thermal Power Plants According to research report published by “Transparency Market research”, 4.0 (TPPs) the Indian biomass industry was valued around US $ 1.7 Bn in 2019 & is 7% expected to grow @ CAGR of 8%
Slide 7: Biofuel Business Numbers (Standalone)
Biofuel Business Numbers (STANDALONE) Biofuel Aggregated (MT) ~52,918 MT 35,171 52,918 60, 000 50, 000 40, 000 This is the quantum of Biomass (in 30, 000 tonnes) that we aggregated during FY24. EBIT (FY24) 20, 000 Registering a growth of around 50% YoY FY23 FY24 10, 000 0 ₹0.58 crore • Due to surge
Slide 8: Our Major Biofuel Clients
Our Major Biofuel Clients ❖ We also have been successful in onboarding “Ultratech Cement” as a valued addition to our esteemed clientele.
Slide 9: Standalone Income Statement
STANDALONE INCOME STATEMENT INR Cr Revenue (INR cr) EBITDA Margin* PAT Margin* PARTICULARS Q4 FY24 Q3 FY24 Q4 FY23 FY24 FY23 400 2.00% 1.63% INCOME STATEMENT 350 1.50% 79.47 69.40 92.32 338.50 269.08 300 Revenue from Operations 78.44 68.10 91.48 332.97 267.00 250 338 1.00% Operating Costs 0.78% Oper
Slide 10: Standalone Balance Sheet
STANDALONE BALANCE SHEET INR Cr PARTICULARS FY24 FY23 Share Holder's Funds Net Worth 22.23 20.57 Non-Current Liabilities Long term Borrowings 0.00 0.20 Other Non-current Liabilities 0.14 0.15 Current Liabilities Short Term Borrowings 36.84 15.31 Trade Payables 12.87 11.72 Other Current Liabilities 1
Slide 11: Consolidated Results
CONSOLIDATED RESULTS • Our Company has acquired 65% equity shares of India Polymers Pvt Ltd. • Pursuant to said acquisition, India Polymers Pvt Ltd has become subsidiary of our Company. • Below we present our consolidated financial results: INR Cr PARTICULARS Q4 FY24 Q3 FY24 Q4 FY23 FY24 FY23 CONSOL
Slide 12: Consolidated Results
CONSOLIDATED RESULTS INR Cr PARTICULARS FY24 FY23 Share Holder's Funds Net Worth 22.24 20.57 Non-Current Liabilities Long term Borrowings 5.24 0.20 Other Non-current Liabilities 0.12 0.15 Current Liabilities Short Term Borrowings 37.27 15.31 Trade Payables 16.76 11.72 Other Current Liabilities 1.32
Slide 13: Journey Towards Greener Environment
Journey Towards Greener Environment CO2 savings via our business operations ~1,58,077 ~1,09,713 ~2,67,790 Tonnes of CO2 saved till date Tonnes of CO2 saved via efficient Tonnes of CO2 saved by utilizing management of waste PET bottles biomass vis-a-vis coal through our waste management activities. E
Slide 14: Environment Impact Created
Environment Impact Created by ~1,43,706 Tonnes of PET waste efficiently sourced for recycling till date: 83,00,00,000 KWh 43,00,00,000 Liters Electricity savings Water savings Powering 6,61,162 Meeting water needs Lives Annually of 8,749 Lives Annually
Slide 15: Demerger: The Way Ahead for RACE
DEMERGER: “The Way Ahead for RACE” To make operations more focused and making capital allocation more efficient, The Board of the company has proposed the demerger of existing business segments of RACE into three entities: Proposed Demerger of Business Segments PlasticPlastic Packaging Biomass Fuel
Slide 16: Our Business Model
OUR BUSINESS MODEL RACE OPERATING PROCESS SUPPLIERS OUR BUSINESS SEGMENTS Aggregating & supplying the plastic packaging waste to Plastic Packaging the recyclers through our vast waste supply chain of 500+ Waste suppliers network pan India. Elevating the Green Energy Revolution by aggregating Biofuel
Slide 17: Our Strategic Pillars of Excellence
OUR STRATEGIC PILLARS OF EXCELLENCE ORGANIZING THE ESG FOCUSED UNORGNISED Voluntary adoption to SEBI’s BRSR Suppliers’ Due Diligence END TO END TRACEABILITY CERTIFICATIONS Digitization initiative via RACE App INNOVATION & TECHNOLOGY
Slide 18: Progressing Towards Digitization via RACE App
PROGRESSING TOWARDS DIGITIZATION VIA RACE App ❖ Our company is strongly committed to enhancing its technological capabilities. ❖ Further, in alignment with our vision to optimize the overall efficiency and digitize the existing value chain, our organization has developed the "RACE App“. RACE App • T
Slide 19: Green Score
RECENT DEVELOPMENTS • ESG GRADING REPORT – Our company recently GREEN SCORE had an ESG assessment conducted by CARE Advisory Research and Training Limited, resulting in a score of 58 out of 100. The report details our performance on various ESG parameters. Moving forward, we are committed to enhanci
Slide 20: Recent Developments
RECENT DEVELOPMENTS • ISO Certifications – We have recently obtained ISO 9001, ISO 14001, ISO 45001, and ISO 50001 certifications, underscoring our steadfast dedication to quality, environmental stewardship, and occupational health & safety. These certifications underscore our commitment to robust g
Slide 21: Organizing the Unorganized
ORGANIZING THE UNORGANIZED The increasing demand for an organized waste management supply chain has elevated the role of company like RACE which is working on rendering critical infrastructure for bridging the sustainability gap in this chain. Below are some of our initiatives for organizing the uno
Slide 22: Our Progress Towards ESG Journey
OUR PROGRESS TOWARDS ESG JOURNEY “Progress Towards Business Sustainability” • Voluntary filing of SEBI BRSR: Our company has voluntarily adopted SEBI’s BRSR reporting for making ESG based disclosures • Undergoing ESG assessment, our company has recently received a score of 58 out of 100 based on Car
Slide 23: Thanks
Thanks www.raceecochain.com