Bodal Chemicals Limited · NSE:BODALCHEM
Bodal Chemicals — Investor Presentation (December 2020)
43 slides from Bodal Chemicals's investor presentation, Dec 28, 2020
Slide 1: Exchange filing cover letter: Investor Presentation December 2020
Bodal Chemicals Ltd. CO LO UR S. INTEGRATION. I NN OVA TION. By Online Submission Sec/20-21/109 Date: 28/12/2020 To, To, The General Manager, The General Manager, BSE Ltd. National Stock Exchange of India Ltd. 1st Floor, New Trading Ring, Exe ha nge Plaza, Rotunda Building, P.J. Tower, Plot no. C/1,
Slide 2: Investor Presentation December 2020
Investor Presentation December 2020
Slide 3: Safe Harbor
Safe Harbor Certain statements in this document may be forward looking statements. Such forward looking statements are subject to certain risks and uncertainties like government actions, local political or economic developments, technological risks, and many other factors that could cause our actual
Slide 4: Bodal Chemicals Limited (BCL) at a Glance
Bodal Chemicals Limited (BCL) at a Glance BCL is one of the largest manufacturers and 30+ years of experience 10 Manufacturing 6 Operating exporters of multiple (Incorporated in Facilities Subsidiaries chemical products the year 1989) including Dyestuffs, Dye Intermediates, Basic Chemicals, and its
Slide 5: In line with Atamanirbhar Bharat Abhiyan
In line with Atamanirbhar Bharat Abhiyan In-line with the Strengthening Progressing well to govt. initiative to global foothold to meet the demand reduce dependency mark a sizeable through a clear on import of contribution in focus on capacity Chemicals through the export of the expansion rigorous i
Slide 6: The Ethos – Vision and Mission
The Ethos – Vision and Mission Vision To become one of the prominent chemical company with distinctive integrated production models and varied products portfolio on a global arena. Mission To achieve sustainable growth in business by providing best quality products & services to customers, taking ut
Slide 7: Visionary Team – Our KMP's
Visionary Team – Our KMP’s Mr. Bhavin Mr. Suresh J. Patel S. Patel, Mr. Ankit S. Patel, Mr. Mayur Padhya Chairman & MD Executive Director Executive Director CFO A man who doesn’t need an He is the second generation He holds a graduate degree in He holds a graduate degree in introduction in the world
Slide 8: Key Strengths of the Bodal Chemicals
Key Strengths of the Bodal Chemicals Strong and Integrated Strong Relations Experienced Business Model with Marquee management team BCL is the most integrated Clients With 30+ years of Dyestuffs Company in An integrated business experience and India. This allows approx. model, ease of product impres
Slide 9: Key Milestones – The brand Story
Key Milestones – The brand Story 2017 Acquired 70% stake in SPS Processors (Zero Discharge). Acquired stake in Trion Chemicals, TCCA specialist (Zero Discharge) 2018 Dyestuffs capacity expansion by 12,000 2006 MTPA. Further installed additional Got listed on BSE. Reverse 5MW co-generation powerplant
Slide 10: Bodal Group Companies
Bodal Group Companies Sr. No. Name of Subsidiary / Location Stake (%) Product / Activity Total Capacity 1 Trion Chemicals Pvt. Ltd. (TCPL) – 100% Trichloroisocyanuric Acid 12,000 MTPA (Khambat, Gujarat) 2 S P S Processors Pvt. Ltd. (SPS) – 70% H Acid 3,000 MTPA (with de (Kosi, Uttar Pradesh) bottlen
Slide 11: Subsidiaries Performance
Subsidiaries Performance SUBSIDIARY UNIT DESCRIPTION ON THE PRODUCTION & SALES PERFORMANCE S P S Processors Pvt. Ltd. (SPS) BCL has recently added 6,000 MTPA of Vinyl Sulphone plant along with (Kosi, Uttar Pradesh) existing capacity of H-acid of 3,000 MTPA. The effluents of H-acid can be used in pro
Slide 12: Highly Integrated and Cost-efficient Business Model
Highly Integrated and Cost-efficient Business Model Approx. 48% of the Basic Chemical to be captively consumed by Dye Intermediates and approx. 43% of Dye Intermediates output to be consumed by Dyestuffs, giving BCL a cost-competitive advantage Manufacturing Value Chain 10 www.bodal.com
Slide 13: Rigorous Integration to achieve Operational Efficiency
Rigorous Integration to achieve Operational Efficiency STRATEGIC DECISIONS Adding capacities into core business. Expanding reach into Integration of business. Gradual different geographies. margins expansion. UP AND RUNNING ACTIONS Expansion of Dyestuffs capacity by Acquired ~ 80% stake in Turkish e
Slide 14: Strong in-house support for Product Development
Strong in-house support for Product Development Well-equipped Laboratories All the testing undertaken across BCL's well-equipped laboratories through strong R&D leads to product development, hence testifying innovative capability. BCL also has availability of Pilot plant. Aligned with the ‘Aatmanirb
Slide 15: Integrated Products Portfolio
Integrated Products Portfolio Segment Product Revenue Production Utilization Share (%) Capacity (FY20) Sulphuric Acid Chlorosulphonic Acid Sulphur Trioxide Oleum 23% & 65% Basic Chemical Sodium Bisulphate ~10.58% 2,26,000 MT 87.9% Acetanilide Thionyl Chloride Beta Nephthol Para Nitro Aniline Vinyl S
Slide 16: Strong Clientele
Strong Clientele Basic Chemical Dye Intermediates Dyestuffs Lanxess India Pvt. Ltd. Ohyoung Inc. Dystar Grasim Industries Ltd Huntsman (Chemical Division) Mcfills Enterprises Pvt. Ltd. Archroma Deepak Nitrite Ltd. Hubei Color Root Technology Co. Ltd. BASF Meghmani Organics Ltd. Jay Chemical Industri
Slide 17: Export Sale and Number of Countries
Export Sale (₹ Mn) No. of Countries 3,399.89 6,102.48 5,144.54 45+ FY18 FY19 FY20 15 www.bodal.com
Slide 18: Marketing Initiatives to push Demand
Marketing Initiatives to push Demand Entity Value addition Acquired ~ 80% stake • Acquisitions/opening of marketing & trading in Turkish Entity units will become an important arm for BCL Sener Boya in strengthening its position in distribution of final product i.e. Dyestuffs, in the Bodal Bangla Lim
Slide 19: Moving towards a Global Dyestuffs player with B2C Focus
Moving towards a Global Dyestuffs player with B2C Focus About Dyestuffs Segment Moving towards a Global B2C Dyestuffs Player In Dyestuffs segment, BCL • Higher margins in Dyestuffs segment due to manufactures 150+ product limited traders' involvement variants, which contributes • Direct relationship
Slide 20: Diversification into Specialty Benzene Downstream Products and Sulphuric Acid Expansion
Diversification into Specialty Benzene Downstream Products and Expansion of Sulphuric Acid & its Derivatives BCL announces diversification into Specialty Benzene Downstream Products and expansion of Sulphuric Acid & its Derivatives at Saykha GIDC, Bharuch, Gujarat. These products will further enhanc
Slide 21: Brief Detailing of the planned Diversification & Expansion
Brief Detailing of the planned Diversification & Expansion Intended date for commencement of the project January 2021 Expected date of completion September 2022 Estimated cost of project Total cost of the project including one time infrastructure cost will be around ₹ 3,600 mn out of which cost of B
Slide 22: Benefits of Integration from Saykha Projects
Benefits of Integration from Saykha Projects Cost Efficiency - Steam generated during production of Better productivity and Better margins along with Sulphuric Acid will be utilized internally for power and also as Environmental benefits - At the same time some of the energy for production of Benzen
Slide 23: Industry Outlook
Industry Outlook • The size of the Indian chemical industry is ~USD 163 • Dyes and Pigments are used in varied number of Billion, wherein Pharma, Agro, Dyes and Pigments, other applications, thus making it safe in terms of any speciality and Fine Chemicals contribute around 50% slowdown in specific
Slide 24: Financial highlights of Q2FY21 & H1FY21
Financial highlights of Q2FY21 & H1FY21 22 www.bodal.com
Slide 25: Standalone Financial Statement Highlights Q2 FY2021 v/s Q2 FY2020
Standalone Financial Statement Highlights for Q2 of FY2021 v/s Q2 of FY2020 Particulars (₹ MN) Q2 FY 21 Q2 FY 20 Revenue from Operations 2,828.33 2,575.21 Other Income 69.60 27.87 Total Revenue 2,897.93 2,603.08 Total Expenses 2,663.94 2,417.40 EBITDA 316.36 279.10 EBITDA Margin (%) 10.92% 10.72% De
Slide 26: Standalone Financial Performance Comparison – Q2 FY20 v/s Q2 FY21
Standalone Financial Performance Comparison – Q2 FY20 v/s Q2 FY21 The total Revenue from operations increased by 9.8% from ₹ 2,575 mn in Q2 FY20 to ₹ 2,828 mn in Q2FY21 mainly due to demand improvement. EBITDA increased by 13.4% from ₹ 279 mn in Q2FY20 to ₹ 316 mn in Q2FY21. EBITDA margins improved
Slide 27: Standalone Financial Statement highlights H1 FY2021 v/s H1 FY2020
Standalone Financial Statement highlights for H1 of FY2021 v/s H1 of FY2020 Particulars (₹ MN) H1 FY 21 H1 FY 20 Revenue from Operations 3,929.15 5,798.67 Other Income 139.98 73.63 Total Revenue 4,069.13 5,872.30 Total Expenses 4,064.07 5,242.11 EBITDA 177.75 803.00 EBITDA Margin (%) 4.37% 13.67% De
Slide 28: Standalone Financial Performance Comparison – H1 FY20 v/s H1 FY21
Standalone Financial Performance Comparison – H1 FY20 v/s H1 FY21 The total Revenue from operations Net profit stood at ₹ 11.55 mn in declined by 32% from ₹ 5,798.67 mn in H1 FY21, compared to ₹ 527.69 Mn in H1 FY20 to ₹ 3,929.15 mn in H1 FY21 H1 FY20 Cost of material reduced by 30% from Current Ass
Slide 29: Revenue Mix
Revenue Mix Segmental Revenue Performance for Q1FY21 v/s Q2FY21 Segment Q1FY21 Q2FY21 Growth % Q1FY21 was severely (₹ Mn) (₹ Mn) impacted by lockdown in the country which Dyestuffs 392 1,051 168% resulted into closure of Dye intermediates 398 1,187 198% plants for around 40 days, Basic Chemical 145
Slide 30: Segmental Performance
Segmental Performance 5% 10% Segment wise Revenue Contribution Segment FY18 FY19 FY20 31% FY18 Basic Chemical 10% 12% 11% 54% Dye Intermediates 54% 48% 39% Dyestuffs 31% 36% 44% Other 5% 4% 6% 4% 12% Basic Chemical 36% Dye Intermediates FY19 Dyestuffs 48% Segment Wise Production in MT Other Segment
Slide 31: Geography wise Revenue
Geography wise Revenue Continent wise export revenues Particular FY18 FY19 FY20 Domestic Sale 69% 56% 59% 7.9% 41% 8.1% Export Sale 31% 44% FY20 26.2% 57.5% 31% 41% 44% FY18 FY19 FY20 Asia Europe 69% 56% 59% North America South America Africas’ share is 0.3% ₹4,965 mn Domestic Sale Export Sale Total
Slide 32: Historical Financial Highlights
Historical Financial Highlights* Revenue (₹ MN) EBITDA (₹ MN) FY18 11,756.29 FY18 2,038.78 FY19 14,368.54 FY19 2,403.94 FY20 13,852.17 FY20 1,480.65 PAT (₹ MN) EBITDA Margins in % FY18 1,245.91 FY18 17.34 FY19 1,421.83 FY19 16.73 FY20 866.17 FY20 10.69 *The charts represents consolidated figures. 30
Slide 33: Historical Financial Highlights
Historical Financial Highlights* PAT Margins in % ROE in % FY18 10.60 FY18 17.88 FY19 9.90 FY19 17.14 FY20 6.25 FY20 9.30 ROCE in % EPS (in ₹) FY18 26.38 FY18 10.62 FY19 25.68 FY19 11.54 FY20 12.33 FY20 7.16 *The charts represents consolidated figures. 31 www.bodal.com
Slide 34: Consolidated Profit & Loss
Consolidated Profit & Loss Particulars (₹ MN) FY18 FY19 FY20 Revenue from Operations 11,661.38 14,235.02 13,748.19 Other Income 94.91 133.52 103.98 Total Revenue 11,756.29 14,368.54 13,852.17 Total Expenses 9,891.51 12,176.84 12,839.98 EBITDA 2,038.78 2,403.94 1,480.65 EBITDA Margin (%) 17.34% 16.73
Slide 35: Consolidated Balance Sheet
Consolidated Balance Sheet Assets (₹ MN) FY18 FY19 FY20 Fixed Assets Tangible Assets 4,358.97 6,056.63 6,384.11 Intangible Assets 6.53 6.34 8.84 Capital Work in Progress 187.00 255.10 68.58 Intangible Assets under development 525.68 123.26 84.43 Total Fixed Assets 5,078.18 6,441.33 6,545.96 Non-Curr
Slide 36: Consolidated Balance Sheet
Consolidated Balance Sheet Liabilities (₹ MN) FY18 FY19 FY20 Shareholders Fund Share Capital 244.38 244.38 244.66 Reserve and Surplus 6,725.22 8,049.20 8,642.17 Money Received against Share Warrant - - 431.25 Total Shareholders Fund 6,969.60 8,293.58 9,318.08 Non-Controlling Interest 11.20 9.28 48.9
Slide 37: Forward Looking Strategy and Guidance
Forward Looking Strategy and Guidance 1 BCL is ahead of its peers in addressing the opportunity arising out of the China situation. It has the most integrated products portfolio. BCL has received approvals to start VS plant at SPS unit. It expect to start production at this plant from early FY22 aft
Slide 38: Forward Looking Strategy and Guidance
Forward Looking Strategy and Guidance 6 BCL proposes to grow at an accelerated pace, by adding new products in similar line of businesses, capacity expansion and concentration on high margin products. 7 In line with the management’s strategy of higher integration and becoming a global Dyestuffs play
Slide 39: CSR Initiatives
CSR Initiatives BCL seeks to be a responsible corporate citizen. It works BCL also promotes sports, with contributions to through Trusts and YUVA Unstoppable– a renowned Sports Council of the Deaf Basketball Club NGO Promoting individual talent to represent the country in sporting events BCL’s focus
Slide 40: CSR Initiatives
CSR Initiatives 38 www.bodal.com
Slide 41: Shareholding Pattern
Shareholding Pattern Promoter & Promoters Group as on 30th September 2020 10 7,13,15,662 58.30% No. of Shareholders No. of Shares held Shareholding as of total no. of shares FPI's and FII's 20 52,06,050 4.26% No. of Shareholders No. of Shares held Shareholding as of total no. of shares DII's 1 16,91
Slide 42: Awards and Certifications
Awards and Certifications BCL received the prestigious Chemexcil Gold Award for the year CHEMEXCIL - "Trishul Award" - 2011-12 and 2013-14 2005-06. This award is presented for outstanding performance in Exports by Merchant Exporters Panel of Chemexcil, CHEMEXCIL - "Gold Award" – 2015-16 Government o
Slide 43: Thank you
Thank you For any queries, please contact: Meet Chande Investor Relations, Bodal Chemicals Ltd. Email: ir@bodal.com Phone: +91 79 6816 0100 +91 99099 41324
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