Praj Industries Limited · NSE:PRAJIND
Praj Industries — Q3 FY24 Earnings Presentation
26 slides from Praj Industries's earnings presentation, Feb 2, 2024
Slide 1: Cover letter to stock exchanges
DATE: 1st February, 2024 REF.: PIL/ANB/L151/2023-24 Security Code No.: 522205 Company Code- PRAJIND BSE LIMITED NATIONAL STOCK EXCHANGE OF INDIA LTD. PHIROZE JEEJEEBHOY TOWERS, EXCHANGE PLAZA, 5TH FLOOR, 25TH FLOOR, DALAL STREET, PLOT NO. C/1, G BLOCK, MUMBAI - 400 001 BANDRA-KURLA COMPLEX, Fax: 022
Slide 2: Earnings Presentation – Q3/9M-FY24
pr~ Innovate • Integrate • Deliver Earnings Presentation – Q3/9M-FY24
Slide 3: Company at a Glance
Company at a Glance 2021 40 Years of Legacy Presence across 1800+ 90+ research 4 manufacturing 100+ countries employees scientists facilities 400+ 40%+ business from ~10% 1000++ 400 + patents repeat customers Global ethanol production References/plants overseas references market share* worldwide 3-Y
Slide 4: Company Overview
Company Overview Operational Revenue (INR Mn) • Incorporated in 1983 under the visionary leadership of technocrat 40,000 25.00% Dr. Pramod Chaudhuri. 35,280 35,000 20.00% • Praj Industries Ltd. (Praj) has grown to become one of the most reputed 30,000 24,477 23,433 and technologically advanced biote
Slide 5: Business Segments
Business Segments High Purity Solutions Water Systems Modular Process Systems Value Added Services Bio Energy 1G & 2G Ethanol plants Compresses Bio-Gas Future Fuel: SAF, Marine Biofuel, Bio Hydrogen etc. Engineering Businesses Critical process equipment & Skids Brewery and beverages Zero Liquid Disc
Slide 6: Global presence: 1000++ references in 100+ countries
1000++ References in 100+ countries across all 5 continents.. And Still counting Europe Asia Americas India Africa Praj Industries Limited 5
Slide 7: Q3/9M-FY24 Financial Overview
Q3/9M-FY24 Financial Overview
Slide 8: Q3/9M-FY24 Financial Highlights
Q3/9M-FY24 Financial Highlights Q3-FY24 Performance (Standalone) Q3-FY24 Performance (Consolidated) INR 7,171 Mn INR 942 Mn 13.14% INR 8,286 Mn INR 975 Mn 11.77% Operating Income Operating EBITDA EBITDA Margins Operating Income Operating EBITDA EBITDA Margins (11.1)% YoY 23.3% YoY 367 Bps YoY (9.1)%
Slide 9: Quarterly Financial Performance Trend (Consolidated)
Quarterly Financial Performance Trend (Consolidated) Revenues (INR Mn) EBITDA (INR Mn) PAT (INR Mn) 12,000 1200 1000 1,083 881 10,040 975 900 10,000 9,115 8,824 1000 8,286 861 840 800 704 8,000 7,367 800 755 700 623 624 587 600 6,000 600 500 400 4,000 400 300 2,000 200 200 100 - 0 0 Q3-FY23 Q4-FY23
Slide 10: Segmental Revenue (Consolidated)
Segmental Revenue (Consolidated) Bio Energy (INR Mn) Engineering (INR Mn) HiPurity (INR Mn) R 1,785 6627 1,730 E 5,860 697 700 V E N U E Q3-FY23 Q3-FY24 Q3-FY23 Q3-FY24 Q3-FY23 Q3-FY24 Bio Energy (INR MN) Engineering (INR MN) HiPurity (INR MN) 1,751 R 4,761 1,613 18,865 18,717 4,008 E V E N U E 9M-F
Slide 11: Order Intake & Order Backlog
Order Intake & Order Backlog Order Intake (At the end of each quarter, Values in INR. Mn) Q3-FY24 Segmental Order Intake – INR 10,370 Mn Q3-FY24 Geographical Order Intake 11500 1.2 11,010 11000 1 10,630 10,380 10,370 Engineering Export 14% 10500 0.8 12% HiPurity 7% 10000 0.6 9,440 9500 0.4 9000 0.2
Slide 12: Q3/9M-FY24 Operational and Industry Highlights (1/2)
Q3/9M-FY24 Operational and Industry Highlights (1/2) The improvement in EBITDA margin due to- ✓ Sales mix, higher exports and engineering (services) orders and softening of material costs; ✓ Decrease in one-time other expenses and lower site activities 1G Domestic: ✓ The policy restriction on the us
Slide 13: Q3/9M-FY24 Operational and Industry Highlights (2/2)
Q3/9M-FY24 Operational and Industry Highlights (2/2) CBG: ✓ CBG Blending Obligation (CBO) announced that mandates blending of CBG in CNG & PNG from FY 25-26. Blending to reach 5% by FY 29. ✓ Four orders which were part of five project LOI with one of the conglomerates received. GenX: ✓ Completed sta
Slide 14: Inauguration of Fully Integrated Alcohol to Jet (SAF) demonstration facility
Inauguration of Fully Integrated Alcohol to Jet (SAF) demonstration facility Hon. Union Minister Shri Hardeep Singh Puri inaugurated the first- of-its-kind fully integrated Alcohol to Jet (SAF) demonstration facility at Praj Matrix on 20th January 2024
Slide 15: Quarterly Financial Performance - Standalone
Quarterly Financial Performance - Standalone Particulars (INR Mn) Q3-FY24 Q3-FY23 Y-o-Y Q2-FY24 Q-o-Q Operational Income 7,171 8,066 (11.1)% 7,833 (8.5)% Expenses 6,229 7,302 (14.7)% 7,042 (11.5)% EBITDA 942 764 23.3% 791 19.1% EBITDA Margins (%) 13.14% 9.47% 367 Bps 10.10% 304 Bps Other Income 95 7
Slide 16: YTD Financial Performance - Standalone
YTD Financial Performance - Standalone Particulars (INR Mn) 9M-FY24 9M-FY23 Y-o-Y Operational Income 21,503 22,738 (5.4)% Expenses 19,141 20,801 (8.0)% EBITDA 2,362 1,937 21.9% EBITDA Margins (%) 10.98% 8.52% 246 Bps Other Income 560 378 48.1% Depreciation 261 183 42.6% Interest 30 18 66.7% PBT 2,63
Slide 17: Quarterly Financial Performance - Consolidated
Quarterly Financial Performance - Consolidated Particulars (INR Mn) Q3-FY24 Q3-FY23 Y-o-Y Q2-FY24 Q-o-Q Operational Income 8,286 9,115 (9.1)% 8,824 (6.1)% Expenses 7,311 8,254 (11.4)% 7,984 (8.4)% EBITDA 975 861 13.2% 840 16.1% EBITDA Margins (%) 11.77% 9.45% 232 Bps 9.52% 225 Bps Other Income 91 78
Slide 18: YTD Financial Performance - Consolidated
YTD Financial Performance - Consolidated Particulars (INR Mn) 9M-FY24 9M-FY23 Y-o-Y Operational Income 24,477 25,241 (3.0)% Expenses 21,907 23,144 (5.3)% EBITDA 2,570 2,097 22.6% EBITDA Margins (%) 10.50% 8.31% 219 Bps Other Income 321 194 65.5% Depreciation 287 208 38.0% Interest 60 24 NA PBT 2,544
Slide 19: Historical Financial Overview
Historical Financial Overview
Slide 20: Historical Standalone Financial Performance
Historical Standalone Financial Performance Particulars (INR Mn) FY20 FY21 FY22 FY23 9M-FY24 Operational Income 9,419 10,885 20,623 31,526 21,503 Expenses 8,632 9,936 18,782 28,629 19,141 EBITDA 787 949 1,841 2,897 2,362 EBITDA Margins (%) 8.35% 8.72% 8.93% 9.19% 10.98% Other Income 299 232 517 506
Slide 21: Historical Standalone Balance Sheet
Historical Standalone Balance Sheet Particulars (INR Mn) FY22 FY23 H1-FY24 Particulars (INR Mn) FY22 FY23 H1-FY24 ASSETS EQUITY AND LIABILITIES Non-Current Assets Equity Property, Plant & Equipment 1,875 2,174 2,095 Share Capital 367 367 367 Capital Work in progress 14 66 249 Other Equity 8,697 10,2
Slide 22: Historical Consolidated Financial Performance
Historical Consolidated Financial Performance Particulars (INR Mn) FY20 FY21 FY22 FY23 9M-FY24 Operational Income 11,024 13,047 23,433 35,280 24,477 Total Expenses 10,205 11,923 21,374 32,101 21,907 EBITDA 819 1,124 2,059 3,179 2,570 EBITDA Margins (%) 7.43% 8.62% 8.79% 9.01% 10.50% Other Income 261
Slide 23: Historical Consolidated Balance Sheet
Historical Consolidated Balance Sheet Particulars (INR Mn) FY22 FY23 H1-FY24 Particulars (INR Mn) FY22 FY23 H1-FY24 ASSETS EQUITY AND LIABILITIES Non-Current Assets Equity Property, Plant & Equipment 2,085 2,366 2,285 Share Capital 367 367 367 Capital Work in progress 14 69 246 Other Equity 8,790 10
Slide 24: Consolidated Historical Financial Trend
Consolidated Historical Financial Trend Revenue (INR Mn) OPERATING EBITDA (INR Mn) PAT (INR Mn) 40,000 35,280 1.2 3,500 3,179 25.00%3,000 35,000 1 3,000 2,500 2,398 2,570 20.00% 30,000 24,477 2,500 1,915 25,000 23,433 0.8 2,059 2,000 15.00% 2,000 1,502 20,000 0.6 1,500 1,500 15,000 13,047 1,124 10.0
Slide 25: Capital Market Data
Capital Market Data 1-Year Stock Performance up to 31th December 2023 100.00% 80.00% 60.00% 40.00% 20.00% 0.00% -20.00% -40.00%Jan-23 Feb-23 Mar-23 Apr-23 May-23 Jun-23 Jul-23 Aug-23 Sep-23 Oct-23 Nov-23 Dec-23 Praj Industries Sensex Shareholding Pattern (As on 31st December 2023) Dividend Pay out r
Slide 26: Disclaimer
Disclaimer Praj Industries Limited No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Such information and opinions are in all events