Bodal Chemicals Limited · NSE:BODALCHEM

Bodal Chemicals — Q4 FY24 Earnings Presentation

39 slides from Bodal Chemicals's earnings presentation, May 24, 2024

  1. Slide 1: Exchange submission cover letter

    By Online Submission Sec/24-25/20 Date: 24-05-2024 To, To, The General Manager, The General Manager, BSE Ltd. National Stock Exchange of India Ltd. 1st Floor, New Trading Ring, Exchange Plaza, Rotunda Building, P.J. Tower, Plot no. C/1, G Block, Dalal Street, Fort Bandra-Kurla Complex Mumbai- 400 00

  2. Slide 2: Bodal Chemicals Limited Investor Presentation-May 2024

    Bodal Chemicals Limited Investor Presentation-May 2024

  3. Slide 3: Safe Harbour

    Safe Harbour This presentation and the accompanying slides (the “Presentation”), which have been prepared by Bodal Chemicals 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 secu

  4. Slide 4: Q4 & FY24 Highlights

    H Q4 & FY24 Highlights

  5. Slide 5: Business Highlights

    Business Highlights FY Rs.14,194 mn Rs.1,195 mn Rs.65 mn FY24 Revenue EBITDA PAT • During the Q4FY24 revenue as well as margin remain almost constant on YoY basis. Company achieved Rs. 3,990 mn of total revenue during Q4FY24. Which is 16% increase on QoQ basis. Average revenue from first 3 quarter w

  6. Slide 6: Performance Highlights

    Performance Highlights Revenue (Rs. In Mn) EBITDA (Rs. In Mn) PAT (Rs. In Mn) 7.8% 7.7% Q4FY23 0.7% 0.5% Margin 3,935 3,990 308 306 28 Q4FY24 20 Performance Q4FY23 Q4FY24 Q4FY23 Q4FY24 Q4FY23 Q4FY24 9.1% 8.4% 2.4% 0.5% 15,859 14,194 1,450 FY24 1,195 380 Performance 65 FY23 FY24 FY23 FY24 FY23 FY24 *

  7. Slide 7: Revenue and Geographic Breakup

    Performance Highlights FY23 FY24 Revenue Rs 15,524mn Revenue Rs 13,629 mn 11% 9% 4% Basic Chemicals 7% Dyestuff Revenue Breakup 20% Dye Intermediates 21% 34% Caustic Soda 35% Others 26% 33% Geographic Breakup 72% Domestc 69% 31% 28% Export * On Consolidated basis –Sales of products excluding other n

  8. Slide 8: Revenue Breakup and Production Volume

    Performance Highlights (Rs in mn) Basic Chemicals Dyestuff Dye Intermediates Chlor Alkali^ Revenue Breakup 1,726 5,412 4,524 4,705 3,936 3270 2,685 1,214 387 349 1,178 1,357 1,456 678 993 836 Q4’23 Q4’24 FY’23 FY’24 Q4’23 Q4’24 FY’23 FY’24 Q4’23 Q4’24 FY’23 FY’24 Q4’23 Q4’24 FY’23 FY’24 *Revenue bre

  9. Slide 9: Subsidiaries Performance

    Subsidiaries Performance (Rs in mn) BCL China BCL Indonesia Sen-er Boya 2% 129% Revenue -54% 623 293 299 46 284 20 FY23 FY24 FY23 FY24 FY23 FY24 Particulars Sener Boya Bodal-China Bodal-Indonesia (Rs in mn) FY23 FY24 FY23 FY24 FY23 FY24 Sales 622.8 283.9 292.7 299.1 19.9 45.6 PBT 78.3 -79.9 13.0 13.

  10. Slide 10: Consolidated Profit & Loss Statement

    Consolidated Profit & Loss Statement Particulars (Rs. In Mn) Q4 FY24 Q4 FY23 Y-o-Y% FY24 FY23 Y-o-Y% Revenue from Operation 3,935.9 3,895.8 13,946.2 15,742.8 Other Income 54.5 38.9 248.0 116.1 Total Revenue 3,990.3 3,934.7 1.4% 14,194.2 15,858.9 -10.5% Raw Material Consumed 1,954.4 2,299.2 6,994.9 8

  11. Slide 11: Standalone Profit & Loss Statement

    Standalone Profit & Loss Statement Particulars (Rs. In Mn) Q4 FY24 Q4 FY23 Y-o-Y% FY24 FY23 Y-o-Y% Revenue from Operation 3,955.2 3,894.4 13864.4 15,551.2 Other Income 11.7 35.9 154.3 79.8 Total Revenue 3,966.9 3,930.3 0.9% 14,018.7 15,631.0 -10.3% Raw Material Consumed 2,039.7 2,337.6 7,021.5 8,911

  12. Slide 12: Consolidated Balance Sheet

    Consolidated Balance Sheet Particulars (In Mn) Mar-24 Mar-23 Particulars (In Mn) Mar-24 Mar-23 ASSETS Equity & Liabilities Non-current assets 14,743.9 12,700.2 Equity 10,822.4 10,777.0 Property, Plant and Equipment 12,941.9 9,520.8 Right of use of assets 59.1 5.5 Equity Share capital 251.6 251.3 Cap

  13. Slide 13: Company Overview

    \ \ tH, Company Overview _

  14. Slide 14: A Leading Chemical Manufacturer

    A Leading Chemical Manufacturer 3 7 Rs.14,194 mn Operating Manufacturing Decade Old Organization FY24 Consolidated Revenue Facilities 4% 9% Basic Chemicals 20% Dyestuff 34% Dye Intermediates 70+ 10 Chlor Alkali Distributors Across India 6 Domestic + 4 Overseas Depots 33% Others Domestc 200+ 600+ 72%

  15. Slide 15: Company Evolution

    Company Evolution 1989 1993 - 1994 1997-2004 2006-2010  Incorporated as JK  Acquired Unit II & Unit III  1997-Acquired two Units  2006-Listed on BSE via reverse merger Pharma at Unit II-A  Name changed to Bodal  2004 -Acquired Unit I & with Dintex Dye Chem (Unit I) Chemicals Pvt. Ltd. Forward

  16. Slide 16: Geographical Footprint

    Geographical Footprint ~31% of Total revenue comes from exports 30+ Countries Global Presence North America Europe Rest of Asia Revenue Breakup India Domestic Export 100% 100% 100% 100% 100% South America 59 67 68 69 72 41 33 32 31 28 FY20 FY21 FY22 FY23 FY24 Note : Maps not to scale. All data , inf

  17. Slide 17: Longstanding Clientele

    Longstanding Clientele Dyestuffs Chlor Alkali Basic Chemicals Dye Intermediates 70+ 600+ Distributors Across India Customers 16

  18. Slide 18: Experienced Board & Management Team

    Experienced Board & Management Team Mr. Suresh J. Patel Mr. Bhavin S. Patel Mr. Ankit S. Patel Mr. Mayur Padhya Chairman & MD Executive Director Executive Director Chief Financial Officer Experience : 35 years Experience : 19 years Experience : 15 years Experience: 27 Years Background : Background :

  19. Slide 19: Awards & Certifications

    Awards & Certifications Awards Certificates 2005-06 2016-17  Highest Self Manufacturing Turnover for Domestic and Export of Dyes and  BCL has ISO 9001:2015 and ISO 14001:2015 certifications  Received the prestigious Chemexcil Gold Award for Dye Intermediates from the Gujarat Dyestuffs Manufacture

  20. Slide 20: Product Overview

    Product Overview

  21. Slide 21: Diversified Product Portfolio

    Diversified Product Portfolio Existing Products New Products Additions Basic Chemicals Dye Intermediates Dyestuffs Chlor Alkali Benzene Derivative  Sulphuric Acid  Vinyl Sulphone &  Reactive Dyes  Caustic soda  MCB  Chlorosulphonic Acid Derivatives  Acid Dyes  Chlorine  Sulphur Trioxide  H

  22. Slide 22: Manufacturing Value Chain

    Manufacturing Value Chain Input Materials Basic Chemicals Dye Intermediates Dyestuffs TCCA End Use Industry Water Vinyl Sulphone + Derivatives Reactive Dyes Textiles Para Nitro Aniline Ice H Acid Beta Naphthol Steam DASA Sulphuric Acid Power Acid Dyes Leather FC Acid Sulphur Chloro Sulphonic Acid Ol

  23. Slide 23: Manufacturing Facilities

    Manufacturing Facilities Total 7 10 Depots In-house R&D Lab Total Employees Manufacturing Facilities * (Exclusive Distribution Warehouse)  3 - Vadodara, Gujarat  1 - Ahmedabad, Gujarat  Domestic 2,000+  6 - India  1 - Khambhat, Gujarat  2 - Vadodara, Gujarat  Contract Labours ~1,500  1 - Chi

  24. Slide 24: Our Major Subsidiaries

    Our Major Subsidiaries (Rs in mn) Company FY 24 Location Stake Details Name Revenue Bodal Chemicals Trading Trading & Marketing subsidiary for China and adjacent China 100% Rs. 299 mn Shijiazhuang Limited countries Sen-er Boya Kimya Tekstil Turkey 100% Rs.284 mn Standardizing, trading, and marketing

  25. Slide 25: Key Growth Drivers

    Key Growth Drivers Dyestuff Expansion TCCA Division Vinyl Sulphone –UP Unit Turkish entity Sener Boya Dyestuffs capacity of 30,000 Acquired 100% stake in Trion Vinyl Sulphone plant of 6,000 MTPA capacity has been Acquired ~ 100% stake to MTPA will be ramped-up Chemicals and amalgamated with strength

  26. Slide 26: Our Key Strengths

    Our Key Strengths 3 Decades of Presence  Home grown player with deep understanding of Indian & Integrated Business Model global chemicals market  Integrated business model leading to cost competitiveness and protection against commodity cycles In house R&D Facilities  Well- equipped production fa

  27. Slide 27: India's Edge in the Global Chemicals Market

    India’s Edge in the Global Chemicals Market Industry Megatrends Structural Shift China +1 Unorganized players in the Dye Intermediates India is emerging as the next alternative and Dyestuffs Industry have been declining supplier for the global market Compliance Policy Changes in China Bodal’s Edge C

  28. Slide 28: Next Level of Growth

    tH, Next Level of Growth

  29. Slide 29: Way Forward

    Way Forward Lower cost of production Capacity rampup Economies of scale New client penetration Long term relationship with customers Ongoing internal efficiencies Superior quality Our Edge Rigorous integration 3+ decades of experience New greenfield expansion Diverse client base Higher focus on B2C

  30. Slide 30: Responsible Corporate

    H. Responsible Corporate

  31. Slide 31: Environmentally Compliant

    Environmentally Compliant Common Treated Effluent Zero Discharge Effluent Spray Effluent Effluent Multiple Effect Solid Waste Discharge Access Plant Location Site (Solid+ Dryer Plant Treatment Plant Treatment Plant, Evaporator Incinerator Plant VECL Cala Liquid+Air) (ESDP) (at GIDC) (MEEP) Lit./Day

  32. Slide 32: Pollution Control Systems

    Pollution Control Systems  Treats low load waste water  Clarification  Compliant with GPCB, CPCB norms  Bio- degradation by AIS Effluent Treatment Plant (ETP)  Capacity 500,000 liters / day  Tertiary Poly system  Chemical oxidation  Online monitoring system  Flocculation  Installed world’s

  33. Slide 33: Responding To Critical Issue

    Responding To Critical Issue  High costs involved in complying with environmental regulations Moreover, the rising industrial water and power rates are a concern. Key Challenges  Scarcity of water can lead to insufficient supply affecting our production needs.  The Chemical Industry is energy and

  34. Slide 34: CSR Activities

    CSR Activities Key Focus Areas  Eradicating hunger, poverty and malnutrition  Promoting healthcare and sanitation including contribution to the Swach Bharat Kosh  Promoting education and enhancement of rural infrastructure  Ensuring environmental sustainability  Providing funds for construction

  35. Slide 35: Financial Highlights

    : | Financial Highlights

  36. Slide 36: Financial Highlights

    Financial Highlights Revenue (Rs. In Mn) EBITDA (Rs. In Mn) PAT (Rs. In Mn) 20,724 2,369 15,859 14,194 1,481 987 13,852 12,424 1,450 860 1,198 1,195 398 380 65 FY20 FY21 FY22 FY23 FY24 FY20 FY21 FY22 FY23 FY24 FY20 FY21 FY22 FY23 FY24 EBITDA Margin (%) PAT Margin (%) 10.7 9.6 6.3 11.4 9.1 8.4 4.8 3.

  37. Slide 37: Key Ratios

    Key Ratios Net Debt/ Equity (x) Return on Equity(%) Trending lower due to increasing 0.75 capital expenditure 0.53 0.63 9.2 9.4 0.34 0.17 4.1 3.5 0.6 FY20 FY21 FY22 FY23 FY24 FY20 FY21 FY22 FY23 FY24 Return on Capital Employed (%) Net Working Capital Days Trending lower due to increasing capital exp

  38. Slide 38: Segmental Performance

    Segmental Performance Basic Chemical Dyestuffs Dye Intermediates Chlor Alkali (Rs in mn) Revenue Breakup 1,955 6,995 7,354 1,726 5,412 4,705 3,270 1,214 2,685 1,282 1,269 5,324 4,618 4,589 3,936 4,524 3,993 2,587 FY20 FY21 FY22 FY23 FY24 FY20 FY21 FY22 FY23 FY24 FY20 FY21 FY22 FY23 FY24 FY20 FY21 FY

  39. Slide 39: Thank You

    Thank You Contact Information Bodal Chemicals Ltd. CIN – : L24110GJ1986PLC009003 Mr. Mayur Padhya Chief Financial Officer Email – mayur@bodal.com www.bodal.com

Bodal Chemicals — Q4 FY24 Earnings Presentation on 6ix