Bodal Chemicals Limited · NSE:BODALCHEM
Bodal Chemicals — Q3 FY2018-19 Earnings Presentation
28 slides from Bodal Chemicals's earnings presentation, Feb 6, 2019
Slide 1: Exchange submission cover letter
Bodal Chemicals Ltd. COLOURS, INTEGRATION. INNOVATION. By Online Submission Sec/18-19/201 Date: 06/02/2019 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
Slide 2: Quarterly Performance Q3FY2018-19 & 9MFY2018-19
Quarterly Performance . - - Q3FY2018-'19 & 9MFY2018-19 6 February 2019 Bodal Chemicals Ltd. COLOURS. INTEGRATION. INNOVATION.
Slide 3: Important Notice
Important Notice This presentation contains statements that contain "forward looking statements" including, but without limitation, statements relating to the implementation of strategic initiatives, and other statements relating to Bodal Chemicals' future business developments and economic performa
Slide 4: Company Profile
Company Profile Badal Chemicals Ltd. COLOURS. INTEGRATION. INNOVATION. 3 Bodal Chemicals Ltd. COLOURS. INTEl:IRATlON. INNOVATION.
Slide 5: Bodal's History
Bodal' s History • Bodal was incorporated in 1989 by Mr. Suresh Patel, a first generation entrepreneur. • Bodal is today one of the globally leading, integrated Dyestuff companies from India. • Company commenced its operations by setting up a small Vinyl Sulphone plant at Vatva - Ahmedabad (Gujarat)
Slide 6: Bodal's History
Bodal' s History • Bodal recently added Thionyl Chloride (TC) capacity of 36,000 tons per year which will be backward as well as forward integration for the business. The commercial operations should start by end of Q4FY19 • Company has four fully owned subsidiaries: 1. S PS Processors Pvt. Ltd. (SP
Slide 7: Journey
Journey 2006 2016 Notes: Listed on ESE-reverse merger with Amalgamation: Units are manufacturing sites Dintex Dye Chem (Unit I) Bodal Agrotech, LAB SA, Unit X Unit Nos. are as per current numbering of sites Zero Discharge Facility 2006 Acquired Unit IV 2017 Acquired 70%: SPS Processors, Dye 2007 Int
Slide 8: Manufacturing Value Chain
Manufacturing Value Chain - Input Materials - part/full in-house Input Materials - external Badal Chemicals Products Water Para Nitro Aniline Vinyl Sulphone + Derivatives Reactive Dyes Textiles Ice Beta Naphthol H Acid Steam Power DASA Acid Dyes Sulphuric Acid Leather ' Sulphur FC Acid Chloro Sulpho
Slide 9: Quarterly Performance
Quarterly Performance Badal Chemicals Ltd. COLOURS. INTEGRATION. INNOVATION. 8
Slide 10: Operational & Financial Highlights
Operational & Financial Highlights 9 Bodal Chemicals Ltd. COLOURS. INTEl3RATlON. INNOVATION. I
Slide 11: Highlights - Q3 FY19 (YoY)
Highlights - Q 3 FY 19 (Yo Y) Operational Highlights > Total production remained flat yoy in Q3FY19 mainly due to plant shutdown during the quarter > Dyestuff production grew by 3% yoy in Q3FY19 while Dye intermediates and Basic Chemicals production declined by 14% and 1 % yoy respectively. Exports
Slide 12: Financial - Standalone basis
Financial-Standalone basis (Rs. million) Particulars Q3 19 Q3 18 YoY (0/o) Revenue :from operations 3,315 3,041 9% Other Income 20 23 -11% Total Income 3,335 3,063 9°/o Raw Materials Consumed 2,159 1,951 11% Employee Benefits 173 119 45% Other expenses 409 445 -8% Total expenses 2,741 2,515 9% Earni
Slide 13: Revenue Breakup
Revenue Breakup Breakup (Standalone) Q3FY2019 Others Q3FY2018 Others Basic Basic 3% 4% Chemicals Chemicals Q3FY2019 Q3FY2018 12 Bodal Chemicals Ltd. COLOURS. INTEl3RATlON. INNOVATION.
Slide 14: Financial Highlights - Standalone
Financial Highlights- Standalone Total Income (Rs. Million) EBITDA * (Rs. Million) and Margin(%) 9 % Growth 9%Growth 17.3% 17.3% 3,063.30 525.55 Q3FY18 Q3FY19 Q3FY18 Q3FY19 Profit Before Tax (Rs. Million) and Margin (%) Profit After Tax (Rs. Million) and Margin (%) 11% Growth 9.5% 15.7% 10.0% 15.4%
Slide 15: Nine months Performance
Nine months Performance Badal Chemicals Ltd. COLOURS. INTEGRATION. INNOVATION. 14
Slide 16: Financial - Standalone basis
Financial -Standalone basis (Rs. million) Particulars 9:M 19 9:M 18 YoY (0/o) Revenue from operations (Net of Excise Duty) 10,587 8,386 26% Other Income 65 88 -26% Total Income 10,653 8,474 26°/o Raw Materials Consumed 6,610 5,265 26% Employee benefits 486 326 49% Other expenses 1,595 1,296 23% Tota
Slide 17: Revenue Breakup
Revenue Breakup Break-up (Standalone) Others 9MFY19 Basic 5% Others 9MFY18 Basic 4% Chemicals Chemicals"- 10% ~ 9MFY19 9MFY18 16 Note: Sale of products are net of excise duty & GST Bodal Chemicals Ltd. COLOURS. INTEl3RATlON. INNOVATION.
Slide 18: Financial Highlights - Standalone
Financial Highlights- Standalone Total Income (Rs. Million) EBITDA *(Rs.Million) and Margin(%) 26% Growth 17.9% 17.9% 8,474 1,499 9MFY18 9MFY19 9MFY18 9MFY19 Profit Before Tax (Rs. Million) and Margin (%) Profit After Tax (Rs. Million) and Margin (%) 31 % Growth 30 % Growth 16.7% 10.7% 16.0% 10.4% 1
Slide 19: Financials of Subsidiaries & Consolidated Numbers
Financials of Subsidiaries & Consolidated Numbers Badal Chemicals Ltd. COLOURS. INTEGRATION. INNOVATION. 18
Slide 20: Financials of Subsidiaries & Consolidated Numbers
Financials of Subsidiaries & Consolidated Numbers Subsidiaries (Rs. million) SPS & Trion Q3FY19 9MFY19 Particulars SPS Trion SPS Trion Total Income 142 36 540 59 EBITDA (16) (0) 37 (19) PAT (18) (15) (1) (61) Consolidated Quarterly Nine Monthly Particulars Q3FY19 Q3FY18 9:M:FY19 9:M:FY18 Operational
Slide 21: Management Comments
Badal Chemicals Ltd. COLOURS. INTEGRATION. INNOVATION. 20 Bodal Chemicals Ltd. COLOURS. INTEl:IRATlON. INNOVATION.
Slide 22: Management Comments on Results & Updates (1 of 2)
Management Comments on Results & Updates (lof 2) Total production during the quarter remained flat yoy at 46,798 MT in Q3FY19 mainly due to plant shutdown because of planned maintenance schedule and environmental aspects However, the company achieved 9% growth in revenue YoY basis while EBITDA grew
Slide 23: Management Comments on Results (2 of 2)
Management Comments on Results (2of2) Dyestuff expansion: The company is on track to further expand dyestuff (powder) capacity by 6000 MTPA at Unit-7. We expect the same to become operational by Q1FY20. After this expansion total Dyestuff capacity (powder) of the company will be 35000MTPA. Subsidiar
Slide 24: Conference call to discuss Q3FY19 & 9MFY19 Results & Outlook
Conference call to discuss Q3FY19 & 9MFY19 Results & Outlook Management will discuss results of Q3 & 9MFY19 and Outlook on a conference call on 6th February 2019 at 4 PM India time. The conference call dial-in numbers are: Primary number: +91226280 1271/+91 22 7115 8172 Local access number: +9170456
Slide 25: Thank you
Thank you Badal Chemicals Ltd. COLOURS. INTEGRATION. INNOVATION. CIN: L24110GJ1986PLC009003 MayurPadhya Plot No. 123-124, Phase - I, G.I.D.C., CFO, Bodal Chemicals Vatva, Ahmedabad - 382 445, Gujarat, India +91 79 2583 5437 24 T: +91-79-2583 5437 IE: bodal@bodal.com mavur@bodal.com www.bodal.com !..
Slide 26: Annexures
Annexures Badal Chemicals Ltd. COLOURS. INTEGRATION. INNOVATION. 25 Bodal Chemicals Ltd. COLOURS. INTEl:IRATlON. INNOVATION.
Slide 27: Sale of products - by sub-segment and geography (Standalone)
Sale of products - by sub-segment and geography (Standalone) Domestic 1,736 53% 2,155 72% -19% Export 1,529 47% 857 28% 78% Total 100% 100% 8.4% Dye Intermediates 1,540 47% 1,684 56% -8.6% Dyestuff 1,274 39% 928 31% 37.3% Basic Chemicals 316 10% 291 10% 8.6% Others 135 4% 109 4% 23.9% Total 3,265 10
Slide 28: Production Quantity Metric Tons (MT)
Production Quantity Metric Tons (MT) Dyestuff 4,067 3,956 3% Dyes Intermediates 5,084 5,917 -14% Basic Chemicals 37,647 37,858 -1% Dyestuff 13,7021 11,296 7% Dyes Intermediates 17,3321 16,449 2% Basic Chemicals 139,6171 129,463 4% 27 Bodal Chemicals Ltd. COLCLJRS, INTEBRATIDN, INMDVATION. I