Ganesha Ecosphere Limited · NSE:GANECOS
Ganesha Ecosphere — Q2 FY24 Earnings Presentation
26 slides from Ganesha Ecosphere's earnings presentation, Nov 4, 2023
Slide 1: Regulation 30 disclosure letter to stock exchanges
GANESHA ECOSPHERE LIMITED GESL/2023-24 • November 4, 2023 To, To, The BSE Limited, National Stock Exchange of India Limited Corporate Relationship Department, Exchange Plaza, 1st Floor, New Trading Wing, Bandra- Kurla Complex, Rotunda Building, Bandra (East), PJ Towers, Mumbai-40005 1. Dalal Street,
Slide 2: Ganesha Ecosphere Q2FY24 Performance Presentation
Ganesha Ecosphere Q2FY24 PERFORMANCE PRESENTATION
Slide 3: Towards a Greener Future
Towards a Greener Future OUR VISION To become a global corporate citizen, committed to recycle every pet bottle which is thrown into waste with world class recycling facilities and to create wealth for our stakeholders through conducting business around social & environmental concerns. OUR MISSION W
Slide 4: Sustainability for People & Planet
Sustainability for People & Planet With and by recycling plastic waste into useful products, GESL brings a real difference to businesses, environment & communities. Directly impacts the environment by Creating a sustainable, circular reducing the burden of waste on the planet economy on a global lev
Slide 5: Product Portfolio
Product Portfolio RPET Yarn Spinning Non-woven carpets / felts FIBER Non-woven fabric/ carpets / felts Non-woven carpets / scrubbers Fiber filling Clothing Fabrics Product Padding Insulation Sarees & Dress Material Applications Carpets Upholstery & Hosiery Needle Punch fabric
Slide 6: GESL has grown exponentially over the last 10 years
GESL has grown exponentially over the last 10 years Last 10 years at a Glance Crossed INR 500 crore revenue INR 1132.86 Crore Revenue in FY22-23 with a 8.53% CAGR Crossed INR 1000 growth in the last 10 years crore revenue 2014 2019 Current market capitalization of INR1848.51crore Temra facility with
Slide 7: Installed Capacities
Installed Capacities Capacities Particular (In TPA) Capacities Ganesha Ecosphere : RPSF 96600 Re-spun Yarn 7200 8% 9% Dyed Yarn 3000 rPET Fibre 6% rPET Yarn Warangal (Telangana) Subsidiaries rPET Chips B2B Chips 14000 rPET Flakes 77% B2F Chips / Filament Yarn 12240 RPSF 12600 PPSF 10800 Nepal Subsid
Slide 8: Financial Highlights
Financial Highlights
Slide 9: Q2FY24 Performance Highlights (YoY)
Q2FY24 Performance Highlights (YoY) REVENUE FROM OPERATIONS 17.03% Decrease from Q2FY23 INR 23.49cr. 29781 MT Production Volume 350 314.1 EBITDA 27,950 MT in Q2FY23 300 260.6 33.00 Cr. in Q2FY23 250 200 150 100 9.01% 110% 50 EBITDA Margin Capacity Utilization 0 10.51% in Q2FY23 103% in Q2FY23 Q2FY24
Slide 10: Q2FY24 Performance Highlights (QoQ)
Q2FY24 Performance Highlights (QoQ) REVENUE FROM OPERATIONS INR 23.49cr. 29781 MT 12.41% increase from Q1FY24 Production Volume EBITDA 300 260.6 27,030 MT in Q1FY24 17.18 Cr. in Q1FY24 250 231.8 200 150 100 9.01% 110% 50 EBITDA Margin Capacity Utilization 0 7.41% in Q1FY24 100% in Q1FY24 Q1FY24 Q2FY
Slide 11: Q2FY24 Consolidated Performance
Q2FY24 Consolidated Performance INR 278.45 Cr. INR 25.32 Cr. 9.1% REVENUE EBITDA EBITDA Margin INR 2.80 Cr. 1% PAT PAT Margin
Slide 12: Performance of Subsidiaries
Performance of Subsidiaries Particulars (Rs in Crore) Ganesha Ecopet Ganesha Ecotech Ganesha Overseas Q1FY24 Q2FY24 Q1FY24 Q2FY24 Q1FY24 Q2FY24 Quarter Production ( MT) 1832 1332 3866 2320 1269 2170 Revenue ( Cr. ) 13.46 8.45 39.28 24.54 9.10 11.50 EBITDA (1.61) 0.56 9.79 1.31 0.87 0.65 Net Loss aft
Slide 13: Management Analysis: textile industry headwinds
Management Analysis 1 Textile industry is facing strong headwinds from demand side due to slow down in Europe and US. Company’s exports are down 31% y-o-y. Demand and pricing pressure on domestic supplies due to cheap imports from China, Bangladesh and 2 other neighboring countries (because of their
Slide 14: Management Analysis: subsidiaries ramp-up
Management Analysis 5 Ganesha Overseas, Nepal: Started commercial production in Feb,2023. Current capacity utilization has ramped up to 70% and expected to further ramp up to over 80% by end of Q3, 2024 Ganesha Ecopet, Warangal Production of Rpet Chips and RFDY started during April, 2023. Products 6
Slide 15: Outlook: Core RPSF Business
Outlook Core RPSF Business: To mitigate the slowdown in core textile sector Company has planned to shift its focus from yarn 1 spinning sector to non-woven and technical textile segment, where demand and prices are better than spinning sector. Company is targeting to reduce present 65% proportion of
Slide 16: Outlook: New Businesses
Outlook New Businesses: Approvals have been received from some of the leading brands for Rpet (B2B grade) Chips and 1 Company has started getting orders. Production till December, 2023 has been booked and line is now running at full capacity. Export market is also improving and we have started to bo
Slide 17: Q2FY24 Performance- Standalone
Q2FY24 Performance- Standalone Particulars (Rs in Crore) Q2FY24 Q1FY24 Q2FY23 H1FY24 H1FY23 Net Revenue from operation 260.59 231.82 314.14 492.42 607.09 Other Income 6.001 5.18 4.05 11.19 6.44 Total Revenue 266.60 237.00 318.19 503.61 613.53 Total expenses Cost of materials consumed/ 193.55 331.23
Slide 18: Q2FY24 Operational Performance
Q2FY24 Operational Performance Production vs Sales Volumes (in MT) 35000 30000 25000 20000 15000 10000 5000 0 Q2FY23 Q3FY23 Q4FY23 Q1FY24 Q2FY24 Production 27950 29904 29637 27030 29781 Sales Volume 29232 26728 26635 24887 29434
Slide 19: Q2FY24 Performance Highlights
Q2FY24 Performance Highlights 350 318.2 300 275.5 260.2 266.6 237.0 250 200 150 100 50 0 Q2FY23 Q3FY23 Q4FY23 Q1FY24 Q2FY24 Revenue (in INR crores) 40 12.6% 11.5% 14.00% 30 28.1 26.9 35 10.5% 23.8 12.00% 25 9.0% 30 7.4% 10.00% 33.0 34.2 29.2 20 18.1 25 8.00% 20.9 20 23.5 15 20.0 11.6 6.00% 17.1 15 1
Slide 20: Q2FY24 Performance- Consolidated
Q2FY24 Performance- Consolidated Particulars (Rs in Crore) Q1FY24 Q2FY24 H1FY24 Net Revenue from operation 254.12 278.45 532.57 Other Income 2.94 3.23 6.17 Total Revenue 257.06 281.68 538.74 Expenses Cost of materials consumed/ Traded goods 177.61 172.72 350.33 Changes in inventories (19.18) 7.29 (1
Slide 21: Way Forward
Way Forward
Slide 22: GESL is entering into a new age of recycling
GESL is entering into a new age of recycling Increasing demand for rPET across industries Increasing demand for recycled products directly from the end customers owing to increasing awareness Established companies with sustainability targets to reduce the use of plastic and leverage recycled product
Slide 23: 3 Pillars of Strength
Conception of Go Rewise The brand is being launched with a commitment for the good of tomorrow. Go Rewise is dedicated to conserving resources and establish sustainability supremacy by efficiently recycling PET plastic into premium quality products State-of-the-art Technology: The products will be p
Slide 24: Our Offerings under Go Rewise
Our Offerings under Go Rewise Products being launched aim to close the plastic recycling loop by manufacturing a number of premium quality products made from recycled PET bottles • High-quality and anti-contaminated rPET Flakes used for 01 rPET Flakes manufacturing high quality end products • Availa
Slide 25: Safe Harbour
Safe Harbour Except for the historical information contained herein, statements in this presentation and the subsequent discussions, which include words or phrases such as "will", "aim", "will likely result", "would", "believe", "may", "expect", "will continue", "anticipate", "estimate", "intend", "
Slide 26: Thank you!
Thank you! For further details, please contact us at: gesl@ganeshaecosphere.com