Slide 1: Cover letter to stock exchanges: Investors' Presentation
DCW LIMITED November 8, 2023 To, National Stock Exchange of India Ltd. BSE Limited Exchange Plaza Bldg. Department of Corporate Services, 5 th 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. D
Slide 2: DCW Limited Earning Presentation Q2/H1-FY24
DCW Limited Earning Presentation Q2/H1-FY24 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 0 DEIU LIMITIO 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 • Since then DCW has pioneered and created a strong presence in the
Slide 6: Key Milestones
Key Milestones 0 DEIU LIMITIO 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
Slide 7: Marquee Customers
Marquee Customers 0 DEIU LIMITIO Commodity Chemicals ~ FinOlex -- --NDUSTRIES l,♦ !TNPLI (ashirvad) NALCO PIPES '' - - - - - - - - - - - - - - - - - - - - - - I - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
Slide 8: Value Proposition
Value Proposition 0 DEW LIMITID 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
Slide 9: Capital Expenditure
Capital Expenditure 0 DEIU LIMITIO • To further strengthen its position, DCW has planned a capital expenditure of INR 125 Crs to make further inroads into Specialty Chemicals and expand its CPVC capacity and with line-balancing capex to increase the utilization of SIOP capacity to near 100% from cur
Slide 10: Financial Highlights
Business Overview Financial Highlights Historical Financial Overview 9
Slide 11: Key Financial and Operational Highlights
Key Financial and Operational Highlights Q2-FY24 Financial Performance Q2/H1-FY24 Operational Highlights: • Revenue declined YoY primarily due to price erosion across all Revenue from EBITDA EBITDA Margins commodity product segments, with a drop of 28% in net realisations in Operations Caustic Soda,
Slide 12: Quarterly Key Segmental Performance
Quarterly Key Segmental Performance 0 DEIULIMITIO Revenue (INR Mn) & EBITDA Margin (%) C-PVC SIOP Caustic Division PVC Soda Ash 2,791 2,335 583 362 867 322 1,742 464 443 1,653 268 602 557 1,344 1,021 40.7% 34.1% 40.1% 43.7% 17.2% 33.0% 9.1% 26.0% 30.4% 13.0% 7.8% -1.9% Q2-FY23 Q1-FY24 Q2-FY24 -0.5%
Slide 13: Half - Yearly Key Segmental Performance
Half - Yearly Key Segmental Performance 0 DEIU LIMITIO Revenue (INR Mn) & EBITDA Margin (%) C-PVC SIOP Caustic Division PVC Soda Ash 5,355 5,527 3.8% 1,735 1,172 3,395 37.3% 773 37.7% 2,365 1,159 907 35.0% 591 27.8% 31.3% 5.7% 15.6% -5.1% 8.0% H1-FY23 H1-FY24 H1-FY23 H1-FY24 H1-FY23 H1-FY24 H1-FY23
Slide 14: Quarterly Consolidated Financial Performance
Quarterly Consolidated Financial Performance 0 DEIU LIMITIO Particulars (INR Mn) Q2-FY24 Q2-FY23 Y-o-Y Q1-FY24 Q-o-Q Operational Income 4,141 6,978 (40.7)% 4,380 (5.5)% Total Expenses 3,726 5,920 (37.1)% 3,869 (3.7)% EBITDA 415 1,058 (60.8)% 511 (18.8)% EBITDA Margins (%) 10.02% 15.16% (514) Bps 11.
Slide 15: Half - Yearly Consolidated Financial Performance
Half - Yearly Consolidated Financial Performance 0 DEIU LIMITIO Particulars (INR Mn) H1-FY24 H1-FY23 Y-o-Y Operational Income 8,521 14,664 (41.9)% Total Expenses 7,593 12,388 (38.7)% EBITDA 928 2,276 (59.2)% EBITDA Margins (%) 10.89% 15.52% (463) Bps Other Income 83 71 16.9% Depreciation 457 447 2.2
Slide 16: Historical Financial Overview
Business Overview Financial Highlights Historical Financial Overview 15
Slide 17: Historical Income Statement
Historical Income Statement 0 DEIU Particulars (INR Mn) FY21 FY22 FY23 H1-FY24 Operational Income 14,643 24,547 26,338 8,521 Total Expenses 12,549 21,299 22,053 7,593 EBITDA 2,094 3,248 4,285 928 EBITDA Margins (%) 14.30% 13.23% 16.27% 10.89% Other Income 113 61 153 83 Depreciation 874 885 902 457 I
Slide 18: Historical Balance Sheet
Historical Balance Sheet 0 DEIU LIMITIO Particulars (INR Mn) FY22 FY23 H1-FY24 Particulars (INR Mn) FY22 FY23 H1-FY24 ASSETS EQUITY AND LIABILITIES Non-Current Assets Equity Property, Plant & Equipment 13,386 12,839 12,491 Share Capital 522 590 590 Other Equity 7,496 9,661 9,787 Capital Work in prog
Slide 19: Financial Performance
Financial Performance 0 DEIU LIMITIO Revenue From Operations (INR Mn) EBITDA (INR Mn) & EBITDA Margins PAT (INR Mn) 26,338 % 24,547 1,920 4,285 3,248 14,643 1,075 12,773 8,521 2,094 FY20 FY21 FY22 FY23 H1-FY24 1,465 11.47% FY20 14.30% FY21 13.23% FY22 16.27% FY23 928 10.89% H1-FY24 -FY20 -268 38 -FY
Slide 20: Capital Market Data
Capital Market Data 0 DEIU LIMITIO Stock Performance Data (As on 30th September, 2023) 25.00% 20.00% 15.00% 10.00% 5.00% 0.00% -5.00% -10.00% -15.00% -20.00% -25.00% Oct-22 Nov-22 Dec-22 Jan-23 Feb-23 Mar-23 Apr-23 May-23 Jun-23 Jul-23 Aug-23 Sep-23 DCW Sensex Price Data (As on 30th September, 2023)
Slide 21: Disclaimer
Disclaimer 0 DEWLIMITID 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 n
Slide 22: Thank You
THANK YOU 21