Styrenix Performance Materials Ltd · NSE:STYRENIX
Styrenix Performance Materials — Q2 FY2024-25 Earnings Presentation
39 slides from Styrenix Performance Materials's earnings presentation, Oct 29, 2024
Slide 1: Exchange filing cover letter
October 29, 2024 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 July-Sep 2024
NSE: STYRENIX | BSE: 506222 Investor Presentation July-Sep 2024
Slide 3: Slide 3
Slide 4: Financial Snapshot
FINANCIAL SNAPSHOT 3
Slide 5: Financial Snapshots - Quarterly
Financial Snapshots - Quarterly Q u a r t e r l y 4
Slide 6: Financial Snapshots - YTD
Financial Snapshots - YTD Y T D 5
Slide 7: Overview of the Company
OVERVIEW OF THE COMPANY
Slide 8: A leader in ABS & SAN, growing in Polystyrene & other polymer segments
A leader in ABS & SAN…growing in Polystyrene & other polymer segments…. 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 ABSOLAN (SAN) • 7
Slide 9: ... 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 10: ...including plants with scope for expansion
...including plants with scope for expansion… 01 NANDESARI Product: Rubber Capacity: 24 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 sq.m
Slide 11: ...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 12: ...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 • Process Safety [As per OSHA guidelines] • Process Safety Management [As per OSHA and nearby communities • Engineering controls for Process Risk guidelines] •
Slide 13: ...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 14: ...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 15: Capital Market Statistics
Capital Market Statistics Shareholding Pattern Share Price Movement * Above graph comparison vs BSE from July 1, 2013 to Oct 01, 2024 * Shareholding pattern as on Sep 30, 2024 • Exchanges Traded: BSE, NSE • Face Value per Share: Rs. 10 • Current Market Price: INR 2480/share as on Oct 28, 2024 close
Slide 16: Applications Across Diverse Industries
APPLICATIONS ACROSS DIVERSE INDUSTRIES
Slide 17: Applications across diverse industries
Applications across diverse industries 16
Slide 18: Applications: ABSOLAC ABS
Applications: ABSOLAC®ABS 17
Slide 19: Applications: ABSOLAC ABS
Applications: ABSOLAC®ABS 18
Slide 20: Applications: ABSOLAN SAN
Applications: ABSOLAN®SAN 19
Slide 21: Applications: ABSOLAN SAN
Applications: ABSOLAN®SAN 20
Slide 22: Applications: STYRENIX GPPS
Applications: STYRENIX®GPPS 21
Slide 23: Applications: STYRENIX GPPS
Applications: STYRENIX®GPPS 22
Slide 24: Applications: STYRENIX HIPS
Applications: STYRENIX®HIPS 23
Slide 25: Applications: STYROLOY & ASALAC
Applications: STYROLOY® & ASALAC® STYROLOY® ASALAC® 24
Slide 26: Business Performance & Outlook
BUSINESS PERFORMANCE & OUTLOOK
Slide 27: Managing Director's Message
Managing Director’s Message We 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 Automotive & Household and penetra
Slide 28: Global GDP Growth
Global GDP Growth * India is being forecasted by globally highest GDP among other country Source IMF 27
Slide 29: Market Growth of Q2 FY 24-25
Market Growth of Q2- FY 24~25 Small Polymer Large appliances demand Automotive Household & Utility growth Appliances items 6~7% Auto Industry – Two-Wheeler growth was 12 % & however no growth in Four-wheeler growth over previous year same period Large Appliances – Refrigerator ~10%, AC ~12%, Washing
Slide 30: Outlook Q3 FY 24-25
Outlook- Q3- FY 24~25 • 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 5~8% • Polymer demand likely to grow> 7% YoY • Auto 4W Jul to Sep sale was
Slide 31: Financial Performance
FINANCIAL PERFORMANCE
Slide 32: Sales Volume, in MT
Sales Volume, in MT Lower volume in Q2 FY24-25 due to shutdown for debottlenecking project of PS at Dahej 31
Slide 33: Quarterly and YTD Financials
Quarterly and YTD Financials (INR Cr. except EPS) % vs Apr-Jun % vs Jul-Sep Particulars Jul-Sep 24 Apr-Jun 24 Jul-Sep 23 H1 FY24-25 H1 FY23-24 % 24 23 Sales revenue 653.2 698.7 595.0 -6.5% 9.8% 1,351.9 1,138.8 18.7% Other income 6.4 2.5 3.0 156.6% 110.0% 8.8 5.1 72.0% Total Income 659.6 701.2 598.0
Slide 34: Half Yearly Balance Sheet
Half Yearly Balance Sheet As at Sep 30, As at Mar 31, As at Sep 30, As at Mar 31, (INR Cr.) Particulars 2024 2024 Particulars 2024 2024 (Un-audited) (Audited) (Un-audited) (Audited) II EQUITY AND LIABILITIES I ASSETS 1 Equity (a) Equity share capital 17.6 17.6 1 Non-current assets (b) Other equity 7
Slide 35: Cash Flow
Cash Flow (INR Cr.) For the Half Year For the Half Year Particulars ended ended Sep 30, 2024 Sep 30, 2023 Net cash from operating activities (I) 27.5 88.0 Net cash from Investing Activities (II) 15.5 (11.4) Cash flow from Financing Activities (III) (55.7) (47.7) Net cash inflow/(outflow) (I+II+III)
Slide 36: 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 37: 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 38: 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 39: 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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