Excel Industries Limited · NSE:EXCELINDUS
Excel Industries — Q3 FY23 Earnings Presentation
39 slides from Excel Industries's earnings presentation, Feb 13, 2023
Slide 1: Excel Industries Ltd. exchange filing cover letter
IS/ISO9001:2015 IS/ISO14001:2015 IS18001:2007 Excel Industries Ltd. Certifiedby BIS. 13th February, 2023 BSE Ltd. National Stock Exchange of India Ltd. Listing Department, Listing Department, Pheeroze Jeejeebhoy Towers, Exchange Plaza, Dalal Street, Bandra-Kurla Complex, Bandra (E), Fort, Mumbai-400
Slide 2: Excel Industries Limited Q3 & 9M FY23 Investor Presentation
EXCEL INDUSTRIES LIMITED Q3 & 9M FY23 INVESTOR PRESENTATION
Slide 3: Safe Harbour
Safe Harbour This presentation and the accompanying slides (the “Presentation”), which have been prepared by Excel Industries Limited (the “Company’), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any sec
Slide 4: Q3 & 9M FY23 Financial Performance
Q3 & 9M FY23 Financial Performance 3
Slide 5: Q3 & 9M FY23 Results Highlights (Standalone)
Q3 & 9M FY23 Results Highlights (Standalone) Q3 FY23 9M FY23 ₹ 223 Cr ₹ 28 Cr ₹ 19 Cr ₹ 864 Cr ₹ 116 Cr ₹ 76 Cr Revenue EBITDA PAT Revenue EBITDA PAT • The company could achieve a revenue of Rs 223 Cr for Q3 FY 23 and Rs 864 Cr for 9M FY23. This has been in the backdrop of lower demand in the Domest
Slide 6: Standalone performance in Q3FY23 (QoQ)
Standalone performance in Q3FY23 (QoQ) Revenue (Rs in Crs) EBITDA (Rs in Crs) PAT (Rs in Crs) -29% 312 -14% -8% 223 33 20 28 19 Q2Y23 Q3FY23 Q2FY23 Q3FY23 Q2FY23 Q3FY23 Revenue Profile (Rs in Crs) EBITDA Margin (%) PAT Margin (%) 312 223 247 12.6% 10.5% 8.4% 173 6.5% 65 50 Q2FY23 Q3FY23 Q2FY23 Q3FY2
Slide 7: Standalone performance in 9MFY23
Standalone performance in 9MFY23 Revenue (Rs in Crs) EBITDA (Rs in Crs) PAT (Rs in Crs) -29% -34% 6.2% 115 164 813 864 116 76 9M FY22 9M FY23 9M FY22 9M FY23 9M FY22 9M FY23 Revenue Profile (Rs in Crs) EBITDA Margin (%) PAT Margin (%) 813 864 20.1% 14.2% 13.4% 681 8.8% 632 181 183 9M FY22 9M FY23 9M
Slide 8: Standalone Profit and loss Statement
Standalone Profit and loss Statement Particulars (Rs.Crs) Q3 FY23 Q2 FY23 Q-o-Q Q3 FY22 Y-o-Y 9MFY23 9MFY22 Y-o-Y Revenue from Operations 223.0 311.9 -28.5% 350.5 -36.4% 863.7 813.4 6.2% Cost of goods sold 120.4 188.3 153.9 490.8 404.9 Gross Profit 102.5 123.6 -17.0% 196.7 -47.9% 372.9 408.4 -8.7% G
Slide 9: Consolidated Profit and loss Statement
Consolidated Profit and loss Statement Particulars (Rs.Crs) Q3 FY23 Q2 FY23 Q-o-Q Q3 FY22 Y-o-Y 9MFY23 9MFY22 Y-o-Y Revenue from Operations 223.0 311.9 -28.5% 350.5 -36.4% 863.7 813.4 6.2% Cost of goods sold 120.4 188.3 153.9 490.8 404.9 Gross Profit 102.5 123.6 -17.0% 196.7 -47.9% 372.9 408.4 -8.7%
Slide 10: Excel Industries Ltd. Pioneer in Chemical and Environment Management business
Excel Industries Ltd. Pioneer in Chemical and Environment Management business 9
Slide 11: Diversified Business Segments
Diversified Business Segments… Excel Industries Limited Chemicals Environment & Biotech Agrochem Intermediates Organic Waste Management Composting & Biogas Specialty Chemicals Municipal Solid Waste Management Polymer Additives Plastic Waste Management Pharmaceuticals Construction & Demolition Interm
Slide 12: Diversified Product Portfolio
… Diversified Product Portfolio Chemicals ENVIRON - BIOTECH Integrated MSW 01 Agrochemical intermediates 01 • Manufacturing of Compost, Refuse derived fuel (RDF), Recovery of Metals • P2S5, PCl3, PCl5, PSCl3, DETC, DMTC, DMPAT, NaTCP and Plastics recovery & recycling 02 Speciality Chemicals 02 Excel
Slide 13: Diversified Product Applications
… Diversified Product Applications Agrochemical Corrosion Inhibitors Polymer Aids and Pharma & Veterinary Other Organic Intermediates & Chelating Agents Property modifiers Intermediates Organophosphorus Oilfield and Lube additive Water treatment Soaps & Detergents Mining additives Insecticides and H
Slide 14: Environment & Biotech
Environment & Biotech Description Product Uses Process • Can handle waste • Residential societies quantities up to 2 MT • Hotels/Restaurants EXCEL per day. • Educational Institutes ORGANIC • Decentralized • Omce Canteens WASTE organic waste treatment system. • Hospital Kitchen/Canteen CONVERTOR • In
Slide 15: Company Overview
Company Overview
Slide 16: Excel Industries At Glance
Excel Industries At Glance Established in Rs. 1178 1941 crs Revenue* • Established in 1941 with an objective to make India self reliant in chemicals by developing indigenous chemical technologies • Excel Industries manufactures complex products through 2 4 Mfg the best-in-class technological setup S
Slide 17: Journey So Far
Journey So Far Pre 1970’s 1970’s 1980’s 1990’s 2000’s 2010’s 2020’s 1941 - Excel 1971 - Excel goes 1983 – Manufacture of 1991 – Excel 2000 - Excel 2012 - Inauguration of 2020 –Environmental industries founded public, with our first DETC commenced at celebrates golden develops a co- Pharma facility a
Slide 18: Executive Leadership Team
Executive Leadership Team Mr. Ashwin C. Shroff Mr. Ravi A. Shroff Executive Chairman Managing Director • He has been part of the Company since 1965 • He is a third generation industrialist who is and his leadership continues to inspire the qualified as a Chemical Engineer with Masters entire group t
Slide 19: Eminent Board
Eminent Board Mr. Dipesh K. Shroff Mr. Atul G. Shroff Mr. Harish N. Motiwalla An industrialist with vast experience in the Chemicals and Mr. Motiwalla is a Chartered Accountant and a highly Agrochemicals Industries, Mr. Dipesh K Shroff serves as the A highly experienced Industrialist, Mr. Atul Shrof
Slide 20: State Of The Art Manufacturing Facilities
State Of The Art Manufacturing Facilities LOTE VIZAG • This site is a leading producer of • This site was acquired in 2019 Organo phosphonates which are and is located in Special used as chelating agents in a wide Economic Zone (SEZ, range of applications including Atchutapuram) near water treatment
Slide 21: Awards & Accolades
Awards & Accolades Jamnalal Bajaj fair business ENCON, Govt of India Award PC Ray award for Indigenous for Energy Efficiency Technology Practices Award 1992 2004 1965 ICC Lifetime Achievement JSW Earth Care Award to ICC Product Stewardship Award to Mr. Ashwin Shroff Excel’s NGO ,VRTI for CSR Award 2
Slide 22: Awards & Accolades
Awards & Accolades Certificate for Longest Accident Free period & Lowest Frequency Rate Certificate of Appreciation from National Safety Council of India Shrestha Suraksha Puraskar in Chemical Manufacturing Sector for the year 2021 from National Safety Council of India Leading Company Contributing T
Slide 23: Certifications & Accreditations
Certifications & Accreditations ISO Accreditations GMP Certificate ISO 9001:2015 ISO 14001:2015 ISO 45001:2018 Local GMP WHO GMP Responsible Care Drug Manufacturing Pharma Stock Certificate License and Sale license 22
Slide 24: Ethical responsibility - Pillar of our CSR
Ethical responsibility - Pillar of our CSR 23
Slide 25: Excel's Three Pillars of Sustainability
Excel’s Three Pillars of Sustainability All Three Aspects – People, Profit and Planet must be balanced to ensure Sustainability People in Excel Industries Planet refers to the are guaranteed a work commitment by Excel environment where Industries to employees find implement value in what environment
Slide 26: Corporate Social Responsibility
Corporate Social Responsibility • Engaged in CSR initiatives since inception. • Endevors towards creating positive change for the environment and the communities we serve. • Committed to the UN’s Sustainability Development Goals. ₹ 10+ Crs spent on CSR activities in last 5 years 25
Slide 27: Protecting the Environment
Protecting the Environment Water Security Through Community Animal Husbandry Check Dam:Moravane, Drinking Water Facility: Sakhar, Biofloc Units : Yashwantkhar, Kadba Kutti - Animal Fodder Chiplun, Ratnagiri Khed, Ratnagiri Roha, Raigad Distribution - Dhamansai, Belwadi, Gavthan, Roha, Raigad Rural D
Slide 28: Social Upliftment
Social Upliftment Women Empowerment Skylamp Training, Natunagar, Masala Preparation Training Programme : Cake Training Certificats Programme : VRTI Support For Cashew Processing Machine, Khed, Ratnagiri Devkanha, Roha, Raigad training hall, Roha, Raigad Sangmeshwar, Ratnagiri Education Health Gunvat
Slide 29: Industry has a Huge Potential
Industry has a Huge Potential
Slide 30: Global Industry Overview
Global Industry Overview… China-plus-one MARKET SEGEMENTATION The Global Specialty Chemical Industry was valued at $910Bn in 2021 and is projected to reach $1240Bn by 2026, growing at a CAGR of - Agrochemicals - Specialty Polymers - Surfactants 6.4% from 2021 to 2026*. - Dyes and Pigments - Textile
Slide 31: Indian industry growing at double digit
…Indian industry growing at double digit FDI inflows in the chemicals sector reached US$ 19.09 billion from 2000 to 2021. (Source: IBEF) The Indian Chemical Industry promised The Indian Specialty Chemical Industry was investors prior to COVID 19 return of close valued at $41Bn in 2021 and is project
Slide 32: Resilient Financial Performance
Resilient Financial Performance 31
Slide 33: Strong performance over the decade
Strong performance over the decade (Standalone) 12% FY22 27% CAGR Revenue Growth Highest revenue CAGR PAT Growth in in last 10 years achieved in company’s last 10 years history in FY 22 Consistent dividend 39% pay out CAGR Growth in Over the last 10 shareholder wealth in years. last 10 years
Slide 34: Resilience in business visible in numbers
Resilience in business visible in numbers REVENUE (Rs in Crs) EBITDA (Rs in Crs) PAT (Rs in Crs) (Standalone) Chemicals ENBT 249 160 230 152 1.178 825 93 702 749 123 129 121 73 611 70 1.153 806 685 730 594 17 19 18 20 25 2018 2019 2020 2021 2022 2018 2019 2020 2021 2022 2018 2019 2020 2021 2022 REVE
Slide 35: Disciplined capital allocation
Disciplined capital allocation (Standalone) Return on Capital Employed Return on Equity 61% 34% 23% 34% 35% 24% 19% 24% 19% 13% 2018 2019 2020 2021 2022 2018 2019 2020 2021 2022 WORKING CAPITAL ANALYSIS# Net Debt / Equity 0.01 -0.11 -0.01 -0.08 -0.07 62 73 75 78 84 73 60 70 56 55 60 53 44 27 21 51 1
Slide 36: Consistent shareholder returns
Consistent shareholder returns FY18 FY19 FY20 FY21 FY22 Rs 127.7 crores Rs 7.5 crore Rs 15.7 crore Rs 36.1 crore Rs 14.1 crore Rs 28.3 crore Returned to Dividend Payout Dividend Payout Dividend Payout Dividend Payout Dividend Payout shareholders in the last 10 years 36.1 28.3 15.7 14.1 8.0 7.5 5.0 5
Slide 37: Capital allocation over the last few years
Capital allocation over the last few years Capital Expenditure Capacity Expansion New Products The company executed Rs 281 crs of Received EC from regulatory bodies to increase Capex throughout the course of the three- its production capabilities and product Introduced capacities for new products li
Slide 38: Key takeaways
Key takeaways Sustainable Industrial Enhancing Changing Capturing Consumer oriented solutions processes R&D landscapes opportunities approach Delivering sustainable Sustainability helps to Enhancing R&D Recognizes the Many companies are The new product solutions for a better reduce carbon footprint
Slide 39: Thank You
Thank You Company : Investor Relations Advisors : Excel Industries Limited CIN: L24200MH1960PLC011807 Mr. Bhavya Shah: +91 8082748577 Mr. Devendra Dosi, CFO bhavya.shah@linkintime.co.in Chief Financial Officer Mr. Nikunj Jain: +91 9769060608 Email: devendra.dosi@excelind.com nikunj.jain@linkintime.c