Aether Industries Ltd. · NSE:AETHER
Aether Industries — Q4 FY24 Earnings Presentation
29 slides from Aether Industries's earnings presentation, May 21, 2024
Slide 1: Cover letter to stock exchanges: Presentation on Financial Results
May 21, 2024 Ref. No.: AIL/SE/13/2024-25 - Update To, BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, Dalal Street, Fort, Bandra Kurla Complex, Bandra (E), Mumbai-400001, MH. Mumbai-400051, MH. Scrip Code: 543534 Symbol: AETHER Dear Madam / Sir, Subjec
Slide 2: Q4 FY24
Q4 FY24 May 21, 2024 AETHER.NS | 543534
Slide 3: Highlights
HIGHLIGHTS New Customers Customer Audits Team Members Fire accident We have started business Successfully concluded 8 More than 36 new team Fire accident at Manufacturing with 10 new customers customer audits and members joined Aether in Facility II, damaging Plant 2 during the quarter across certi
Slide 4: Snapshot Q-o-Q
SNAPSHOT Q-o-Q Q-o-Q is comparison of Q4 FY24 with Q3 FY24 (INR MM) REVENUE EBITDA PAT Q4FY24 1287 157 12% 10 1% 23% 59% 95% Q3FY24 1682 378 22% 191 11% Impact on margins because of following reasons: • Compensation paid to the victims amounting to INR 24.00 MM • Stock write o due to re accident, va
Slide 5: Snapshot FY-o-FY
SNAPSHOT FY-o-FY FY-o-FY is comparison of FY24 with FY23 (INR MM) REVENUE EBITDA PAT FY24 6399 1619 25% 881 14% 4% 20% 32% FY23 6676 2028 30% 1304 20% Impact on margins because of following reasons: • Compensation paid to the victims amounting to INR 69.64 MM • Stock write o due to re accident, valu
Slide 6: Accident - Update
ACCIDENT - UPDATE • Fire accident on November 29, 2023 Manufacturing Facility 2 • Total 11 casualties reported. The families of the deceased, compensated INR 5 MM per family • The injured workers hospitalised and given the best treatment, expenses borne by the Company • GPCB revoked the closure noti
Slide 7: Continuous Improvement and Risk Management
CONTINUOUS IMPROVEMENT AND RISK MANAGEMENT • Immediate global safety review on all processes. Full, systematic, and detailed HazOp studies for every single running process in Site 1 (R&D and pilot plant) and Sites 2 and 3 (production). • Initiated immediate complete stand down at the R&D site, then
Slide 8: Announcements in Focus
ANNOUNCEMENTS IN FOCUS Aether Industries, H.B. Fuller, and Saudi Aramco Technologies Novoloop Breaks Ground on Pilot Plant with Aether, Company jointly announce the rst commercialization of the Paving the Way for a Circular Plastic Future sustainable Converge® polyols technology. Novoloop’s Lifecycl
Slide 9: Site 3++
SITE 3++ July 2023 project initiation August 2023 Regulatory approvals applied for Located diagonally opposite to the current Manufacturing Facility 2 in GIDC, Sachin, Surat, Gujarat, India Production of 3 to 5 Products upon commercialisation of the project Additional 3500 MT capacities approximatel
Slide 10: Site 4
SITE 4 July 2023 project initiation September 2023 Equipment and machineries ordered March 2024 Commissioning completed, in alignment with oil eld drilling services products, validation batches being produced Located within 200 meters of the current Manufacturing Facility 2 in GIDC, Sachin, Surat, G
Slide 11: Site 5 - Panoli
SITE 5 S5 - Panoli 21° 32' 19.302" N, 73° 0' 11.34" E 125,874.64 sq. mtrs. / 31 acres (approximate) • Acquired land in GIDC auction for future expansions • 12 times the land bank of the current land at Site-2 • Easy proximity to NH8 • 54 Kms drive from current locations in Surat • Plot nos. 14 + 15,
Slide 12: Execution of Order for 15MW Solar Power Project
EXECUTION OF ORDER FOR 15MW SOLAR POWER PROJECT The execution of this new solar power project with auto-tracker modules has started from the date of order and is scheduled to be completed in the FY 2024-25, in phases with an initial commissioning of 5 MW in Q1FY25. This order holds immense signi can
Slide 13: Expansion of World's Largest Pilot Plant
EXPANSION OF WORLD’S LARGEST PILOT PLANT 56 reactors ⎸ SS-316, GLR, Hast-C, Ti / PFA coated ⎸ 500 to 6000 L ⎸ full vac. to 30 bar ⎸ -20 to 300 ℃ 10 batch / cont. distillation columns ⎸ SS-316, GLR, Hast-C ⎸ full vac. to 10 bar ⎸ 150 to 800 mm diam. ⎸ 24-100 stages Wiped lm evaporator / dryer ⎸ SS-31
Slide 14: Appointment - CTO
APPOINTMENT - CTO Dr James Ringer appointed as the CTO of the company with e ect from the opening business hours of March 1, 2024 Bachelor’s Science (Purdue Univ. USA) and PhD Organic Chemistry (Univ. Wisconsin, USA) > 30 years at The Dow Chemical Company (and subsidiaries) at various positions - Le
Slide 15: Growth Outlook
GROWTH OUTLOOK Short Term Basis (H1 FY25) Medium Term Basis (FY25) Long Term Basis (FY26) • Site 4 commercialisation boosts • Site 3++ commissioning • 750 cr investment progress manufacturing capacities • Strategic launch of 3 to 5 products under • Multiple ongoing negotiations with global • Site 3
Slide 16: Business Segments
BUSINESS SEGMENTS (INR MM) Large Scale 59% Manufacturing FY21 3,249 FY22 3,955 FY23 3,357 Advanced intermediates and speciality chemicals 3,539 FY24 with application across the industry spectrum Contract Research and 14% Manufacturing Services - CRAMS FY21 359 FY22 479 FY23 817 Contract research, sc
Slide 17: Aether Today
AETHER TODAY REVENUE FROM OPERATIONS INR MM 27.4% Agro CAGR 44% 6,511 5,970 5,957 4,538 By Application 2.6% Multiple 3,038 Pharma 3.7% Photography 51.0% 2,033 7.9% Material Science 1,092 4.8% Coatings 0.9% Textiles FY18 FY19 FY20 FY21 FY22 FY23 FY24 1.1% Oil & Gas 0.5% Food Additives EBITDA% 29.3 30
Slide 18: Research and Development
RESEARCH AND DEVELOPMENT R&D has been critical to success and a di erentiating factor vis-à-vis competitors Experts at helm of R&D / CRAMS Consistently rising R&D expenditure MARCH-23 MARCH-24 15.4% 233 276 Highly quali ed employees, Highly quali ed employees, including including 7.5% 111 148 6.6% 5
Slide 19: Select Marquee Customer Base | Domestic and Global
SELECT MARQUEE CUSTOMER BASE | DOMESTIC AND GLOBAL Pharmaceutical Oil and Gas Textiles High performance photography Material | Coatings Science Agrochemical Other Sectors TOSOH FineChem
Slide 20: Health and Safety, Certifications
QEHS Health and Safety ISO 9001 INDIAN GMP • Undertaking hazard and operability studies before for Quality for Manufacturing commencing commercial production of new products • Dedicated team of safety personnel ISO 45001 UN GLOBAL COMPACT • Mobile application for safety and emergencies for Occupatio
Slide 21: QEHS
QEHS Quality Environment High standards of quality for Vibrant infrastructure installed for environment and sustainability e orts products To cover To ensure • 100 KLPD in-house zero liquid discharge (ZLD) plant • Triple stage multiple e ect evaporator (MEE) Manufacturing Consistent Quality • Mechan
Slide 22: Environmental Social Governance
ENVIRONMENTAL SOCIAL GOVERNANCE Environmental Social Governance • Adoption of the green chemistries or • Focused on: • Technically sound and extensively more accurately sustainable - Education experienced Board members chemistry since inception. - Life Saving measures • Transparency and accountabili
Slide 23: Standalone Financial Results for Q4 and FY24
STANDALONE FINANCIAL RESULTS FOR Q4 AND FY24 INR MM Particulars Q4FY24 Q3FY24 Q4FY23 FY24 FY23 Audited Unaudited Audited Audited Audited Revenue from operations 1,150 1,554 1,838 5,957 6,511 Other income 136 128 6 443 165 Total income 1,287 1,682 1,844 6,400 6,676 Cost of goods sold #* 752 912 871 3
Slide 24: Standalone Statement of Assets and Liabilities as on March 31, 2024
STANDALONE STATEMENT OF ASSETS AND LIABILITIES AS ON MARCH 31, 2024 INR MM FY24 FY23 INR MM FY24 FY23 ASSETS EQUITY AND LIABILITIES Non-Current Assets Equity Property, plant and equipment 6,097 5,333 Equity share capital 1,325 1,245 Capital work-in-progress 2,143 372 Other equity 19,364 11,201 Right
Slide 25: Standalone Statement of Cash Flow as on March 31, 2024
STANDALONE STATEMENT OF CASH FLOW AS ON MARCH 31, 2024 INR MM FY24 FY23 Cash generated from operations 153 252 Net cash from operating activities (20) (66) Net cash (used in) investing activities (3,989) (3,484) Net cash used in nancing activities 8,542 4,392 Net increase / (decrease) in cash and ca
Slide 26: Consolidated Financial Results for Q4 and FY24
CONSOLIDATED FINANCIAL RESULTS FOR Q4 AND FY24 INR MM Particulars Q4FY24 Q3FY24 Q4FY23 FY24 FY23 Audited Unaudited Audited Audited Audited Revenue from operations 1,175 1,554 1,838 5,982 6,511 Other income 116 113 6 392 166 Total income 1,291 1,666 1,844 6,374 6,677 Cost of goods sold #* 768 912 871
Slide 27: Consolidated Statement of Assets and Liabilities as on March 31, 2024
CONSOLIDATED STATEMENT OF ASSETS AND LIABILITIES AS ON MARCH 31, 2024 INR MM FY24 FY23 INR MM FY24 FY23 ASSETS EQUITY AND LIABILITIES Non-Current Assets Equity Property, plant and equipment 6,933 5,333 Equity share capital 1,325 1,245 Capital work-in-progress 2,261 372 Other equity 19,308 11,201 Rig
Slide 28: Consolidated Statement of Cash Flow as on March 31, 2024
CONSOLIDATED STATEMENT OF CASH FLOW AS ON MARCH 31, 2024 INR MM FY24 FY23 Cash generated from operations 8 252 Net cash from operating activities (165) (66) Net cash (used in) investing activities (4,239) (3,484) Net cash used in nancing activities 8,938 4,392 Net increase / (decrease) in cash and c
Slide 29: Forward-looking statements disclaimer
Certain statements and opinions with respect to the anticipated future performance of the company in the presentation (“forward - looking statements”), which re ect various assumptions concerning the strategies, objectives and anticipated results may or may not prove to be correct. Such forward -loo