Race Eco Chain Ltd. · NSE:RACE
Race Eco Chain — Q2 FY24 Earnings Presentation
19 slides from Race Eco Chain's earnings presentation, Nov 9, 2023
Slide 1: Earnings Presentation
Recycling and Circular Economy Earnings Presentation RACE ECOCHAIN LTD. =f»
Slide 2: Our Business Model
OUR BUSINESS MODEL 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 supplying biomass briquettes &
Slide 3: Q2 FY24 – Performance Highlights (Standalone)
Q2 FY24 – PERFORMANCE HIGHLIGHTS (STANDALONE) Snapshots ~33,590 MT Operating Revenue (Q2 FY24) EBITDA (Q2 FY24) PAT (Q2 FY24) This is the quantum of waste that we aggregated during ₹78.88 crore ₹1.27 crore ₹.30 crore our second quarter of FY24. 60% YoY Growth 2.8x YoY Growth 6% YoY growth India gene
Slide 4: India Plastic Waste Industry
INDIA PLASTIC WASTE INDUSTRY Plastic Waste Generated - India (million TPA) 4.1 3.4 3.5 2018-19 2019-20 2020-21 Favourable Regulations • Favourable regulatory environment around the plastic waste India generates more than 4 MT of management is also catalysing tailwinds for this industry. plastic wast
Slide 5: Plastic Packaging Waste Business Numbers (Standalone)
Plastic Packaging Waste Business Numbers (STANDALONE) Snapshots Revenue (Q2 FY24) Market Share* (PET Waste) ~18,145 MT ₹66.60 crore 6.2% This is the quantum of plastic waste that we aggregated during our second quarter of FY24. 53% YoY Growth 418bps YoY Growth Registering a growth of around 144% YoY
Slide 6: India Biofuel Industry
INDIA BIOFUEL INDUSTRY Indian Biomass Market (US $Bn) 4 According to research report published by “Transparency Market research”, the Indian biomass 1.7 industry was valued around US $ 1.7 Bn in 2019 & is expected to grow @ CAGR of 8% to reach US$ 4 bn by 2030. 2019 2030 The Power ministry recently
Slide 7: Biofuel Business Numbers (Standalone)
Biofuel Business Numbers (STANDALONE) Biofuel Aggregated (MT) ~14,832 MT 14,832 This is the quantum of Biomass Briquettes that we aggregated during our 5,511 EBIT (Q2 FY24) second quarter of FY24. Hence, achieving a growth of 169% YoY Q2 FY23 Q2 FY24 ₹.04 crore • The price of biomass fuel is subject
Slide 8: Our Major Biofuel Clients
Our Major Biofuel Clients ❖ In our current quarter, we also have been successful in onboarding “Ultratech Cement” as a valued addition to our esteemed clientele.
Slide 9: Financial Overview (Standalone)
FINANCIAL OVERVIEW (STANDALONE) 90. 00 1.6% 1.8 % INR Cr 80. 00 1.6 % 70. 00 1.4 % PARTICULARS Q2 FY24 Q2 FY23 60. 00 78.88 1.2 % INCOME STATEMENT 50. 00 1.0 % 78.88 49.18 0.7% Revenue from Operations 40. 00 0.8 % 77.61 48.84 30. 00 0.6 % Operating Costs 49.18 0.3% 20. 00 0.4 % Operating Profit (EBI
Slide 10: Consolidated Results: Income Statement
CONSOLIDATED RESULTS: INCOME STATAMENT INR Cr • Our Company has acquired 99.33% Equity PARTICULARS Q2 FY24 shares of Abhay Innovative Recycling Limited. INCOME STATEMENT Revenue from Operations 78.88 Operating Costs 77.72 • Pursuant to said acquisition, Abhay Innovative Operating Profit (EBITDA) 1.1
Slide 11: Consolidated Balance Sheet
COSOLIDATED BALANCE SHEET INR Cr Particulars Q2 FY24 BALANCE SHEET Share Holder's Funds Net Worth 21.72 Non-Current Liabilities Long term Borrowings Other Non-current Liabilities 0.04 0.15 Journey Towards Current Liabilities Short Term Borrowings Trade Payables 32.13 8.56 Greener Tomorrow Other Curr
Slide 12: Racing into New Venture: Abhay Innovative Recycling Ltd.
RACING INTO NEW VENTURE: ABHAY INNOVATIVE RECYCLING LTD. Business Overview Pursuing forward integration, our • Abhay Innovative is a sustainable recycling company company has acquired 99.33% stake dedicated to delivering eco-conscious waste in Abhay Innovative Recycling Ltd. management solutions. It
Slide 13: Racing into New Venture: ESG-Centric Commitment
RACING INTO NEW VENTURE: ABHAY INNOVATIVE RECYCLING LTD. ESG-Centric Commitment • From its very inception, Abhay Innovative is highly committed to sustainable business practices firmly anchored in Environmental, Social, and Governance (ESG) principles. The company is resolute in its mission to devis
Slide 14: Racing into New Venture: Fundamental Outlook
RACING INTO NEW VENTURE: ABHAY INNOVATIVE RECYCLING LTD. Fundamental Outlook • Abhay Innovative is committed to sustainable PET waste recycling. The company will strategically focus on high-quality PET waste and is expected to operate with minimal yield loss PET WASTE and water consumption. WASHING
Slide 15: Technological Advancements at RACE: RACE App
TECHNOLOGICAL ADVANCEMENTS AT RACE ❖ Our company is strongly committed to enhancing its technological capabilities. ❖ Further, our vision is to uplift the overall efficiency of the existing value chain, with technology serving as the key solution to achieve this goal. ❖ Driven by this rationale, we
Slide 16: Technological Advancements at RACE: Process Automation
TECHNOLOGICAL ADVANCEMENTS AT RACE Process automation • To enhance operational efficiency, we are streamlining our accounting procedures by automating systems across our initial set of identified collection centers. • This reinforces our internal controls, bringing us closer to a resilient framework
Slide 17: Racing Towards End-to-End Traceability
RACING TOWARDS END-TO-END TRACEABILITY Strategic Collaboration between RACE and ZEPTO • Our company recently announced its strategic partnership with ZEPTO (Kiranakart Technologies Pvt. Ltd.) aimed at optimizing the procurement of post-consumer waste PET bottles. • This collaboration marks a signifi
Slide 18: 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 • Our first BRSR report for FY23 has been released and can be accessed in the public domains. • Here
Slide 19: Thanks
Thanks www.raceecochain.com