Paradeep Phosphates Ltd. · NSE:PARADEEP
Paradeep Phosphates — Q4 FY2024 Earnings Presentation
28 slides from Paradeep Phosphates's earnings presentation, May 16, 2024
Slide 1: Earnings Presentation Q4 and FY2024
www.paradeepphosphates.com Follow us on : Nourishing the Future - Feeding the Nation Earnings Presentation Q4 and FY2024
Slide 2: Business Overview
Business Overview o Paradeep Phosphates Limited (PPL) is India’s second largest private Key Metrics sector phosphatic company with a capacity of 3.0 MMTPA finished fertilizers (NPKs, DAP and Urea) 3.0 MMTPA 9+ Million 02 o Diverse consumer product portfolio of phosphatic grades of fertilizer: Instal
Slide 3: Q4 and FY24 Performance Highlights
Q4 and FY24 Performance Highlights (in Rupees Million) Q4 Performance FY24 Performance Key Highlights Total Income EBITDA Rs. 22,728 Rs. 1,781 ➢ Higher production and sales volume levels were (38.8)% Y-o-Y 11.1% Y-o-Y established in FY24, with production and sales Margins: 7.8% increasing by 13% and
Slide 4: Q4 FY24 PPL Operational Highlights
Q4 FY24 PPL Operational Highlights Production Volumes Sales Volume Total fertilizers DAP N-20 470,429 MT 140,039 MT 188,932 MT (24%) Y-o-Y (52%) Y-o-Y 48% Y-o-Y 502,279 MT 152,694 MT 199,877 MT (18%) Y-o-Y (39%) Y-o-Y 65% Y-o-Y Other NPKs Sulphuric Acid Phosphoric Acid 73,851 MT (8%) Y-o-Y 320,069 M
Slide 5: FY24 PPL Operational Highlights
FY24 PPL Operational Highlights Production Volumes Sales Volume Total fertilizers DAP N-20 2,304,969 MT 733,758 MT 837,792 MT 13% Y-o-Y 9% Y-o-Y 41% Y-o-Y 2,527,119 MT 897,368 MT 802,491 MT 25% Y-o-Y 36% Y-o-Y 39% Y-o-Y Other NPKs Sulphuric Acid Phosphoric Acid 386,422 MT 3% Y-o-Y 1,229,094 MT 374,4
Slide 6: Leverage Profile and Working Capital Cycle
Leverage Profile and Working Capital Cycle (Rs. Million) FY20 FY21 FY22 FY23 FY24 Key Observation Long Term Debt 1,394 1,134 5,282 6,119 6,765 Short Term Debt 20,791 11,378 24,261 40,192 33,179 • Total Debt in FY24 has reduced by 14% YoY Total Debt 22,185 12,512 29,543 46,311 39,944 • Short Term Deb
Slide 7: Consolidated Financial Performance Summary
Consolidated Financial Performance Summary (in Rupees Million) Q4 Y-o-Y Q3 Q-o-Q Full Year Y-o-Y (Rs. Million) FY2024 FY2023 Growth(%) FY2024 Growth(%) FY2024 FY2023 Growth(%) Revenue from Operations 22,427 36,439 (38.5)% 25,950 (13.6)% 115,751 133,407 (13.2)% Other Income 300 697 (56.9)% 86 247.2%
Slide 8: Management Perspective
Management Perspective Commenting on the performance, Mr. N Suresh Krishnan, Managing Director, said: “The fiscal year 2023-24 brought significant macroeconomic changes. We witnessed global uncertainty, experienced average rainfall, and benefited from the normalization of raw material prices worldwi
Slide 9: Near term Growth Drivers for PPL
Near term Growth Drivers for PPL Capex projects to enhance profitability • The newly expanded phosphoric acid capacity is now operational 01 • Increasing sulphuric acid production capacity from 1.4 MMTPA to 2 MMTPA are currently in development Product Stewardship • Advancements in domestic R&D leadi
Slide 10: PPL Product Portfolio
PPL Product Portfolio PPL’s diversified product basket espouses balanced fertilization catering to a variety of non-urea fertilizer options Core Products Recently Launched Products DAP 18:46:0 NPK 20:20:0:13 NPK 12:32:16 NPK 14:28:14 NPK 24:24:00 NPK 28:28:0 NPK 19:19:19 NPK 10:26:26 NPK 14:28:0 NPK
Slide 11: Product Stewardship at PPL
Product Stewardship at PPL PPL is launching its own biogenic nano-fertilizers with Nano Urea and Nano DAP • NPK PPL is launching India's first biogenic Nano Urea and Nano DAP under the "Jai Kisaan Navratna" brand • The Nano-Urea contains 8% Nitrogen, while the Nano-DAP includes 6% Nitrogen and 16% P
Slide 12: Supply-side scenario (1/2)
Supply-side scenario (1/2) PPL is backward integrated in phos-acid, ammonia and sources its primary raw materials through long-term contracts $/MT (Average CFR India) 1,042 • Ammonia prices increased last • Normalized price-points augurs 908 870 year driven by conflict between very well for our comp
Slide 13: Supply-side scenario (2/2)
Supply-side scenario (2/2) PPL is backward integrated in sulphuric acid and sources its primary raw materials through long-term contracts $/MT (Average CFR India) 590 590 590 590 • The absence of Russia and • Normalized price-points Belarus, being key exporters of improves our ability to make 422 Po
Slide 14: Demand scenario and Government Initiatives
Demand scenario and Government Initiatives Fertilizer Demand in India has been buoyant aided by effective government initiatives 57.8 59.3 42.1 45.2 • India achieved a significant production and sales of finished NPK fertilizers in FY24 totaling close to 59 million MT of sales • Fertilizer productio
Slide 15: Sales and Distribution Network: FY24
Sales and Distribution Network: FY24 PPL’s distribution spans pan-India, while its continuous channel engagement strengthens brand equity and customer loyalty Market Presence PPL StatesStates Covered Covered 15 Regional Marketing Regional Offices Marketing Offices 22 StockStock PointsPoints 529 No.
Slide 16: Farmer Engagement Activities FY24 (1/3)
Farmer Engagement Activities FY24 (1/3) BTL Activities Organized Digital Activities Organized Activity No. Activity Million No. Retailer Meetings 276 Total Video Views 29.4 NPK Farmer Meetings 8,407 Facebook Video Ads 17.8 Demonstrations 2,252 Facebook Impressions 203 Facebook Reach 63.6 Crop Semina
Slide 17: Farmer Engagement Activities FY24 (2/3)
Farmer Engagement Activities FY24 (2/3) Glimpses from Retailer and Farmer Connects NPK 17
Slide 18: Farmer Engagement Activities FY24 (3/3)
Farmer Engagement Activities FY24 (3/3) NPK Organized 120 ‘International Women’s Day ’ events • PPL organized drone pilot training for 70 “Drone Didis” at 6 training on 8th Mar ‘24 Programs participated by centres in collaboration with Garuda Aerospace • Participated in all Namo Drone Didi events he
Slide 19: Sustainability & ESG at PPL
Sustainability & ESG at PPL Paradeep Phosphates made a stellar debut in S&P's DJSI Sustainability Ranking for 2023 Social Dimension • Paradeep Phosphates made a remarkable debut achievement in the NPK S&P's Dow Jones Sustainability Index (DJSI) for the year 2023. This achievement underscores our unw
Slide 20: CSR at PPL
CSR at PPL PPL spent a total of Rs 10.36 crores in FY 24 focusing on the following six major CSR themes and touching 55,000+ lives Livelihood & Community Empowerment Healthcare Education 3,545 lives touched 32,875 lives touched 8,859 lives touched Major Highlights Major Highlights Major Highlights •
Slide 21: Awards & Recognitions
Awards & Recognitions Recent Awards Awards and Accolades Best Annual Report Energy Conservation FAI Best Plant and Award - 2023 Award - 2023 Environment CSR Golden Peacock Excellence Award by Management -2023 Award - 2022 Odisha CSR Forum - 2022 Industry Recognition Recognition for “Shared PAP Best
Slide 22: Share Holding Pattern Top Shareholders – March 2024
Share Holding Pattern Top Shareholders – March 2024 Promoter Group % PPL Shareholdings # ZACL* 50-50 Joint Insurance Foreign Portfolio Venture Companies Investors ZMPPL** 4% 2% OCP Group 56.1 % Mutual Funds (DII) Paradeep Phosphates 20% Promoter group Top Shareholders# in DII, FII and Insurance 56%
Slide 23: Additional Slides
BLS) Additional Slides
Slide 24: PPL’s Investment Case
PPL’s Investment Case Backward integration and 3 MMTPA fungible capacity resulting in competitive EBITDA / tonne and market-oriented product mix • Total finished fertilizer capacity of 3.0 Million Metric Tons Per Annum (MMTPA) across two sites – Paradeep and Goa • Paradeep site can produce 1.8 MMTPA
Slide 25: PPL’s Manufacturing Units
PPL’s Manufacturing Units Location Paradeep, Odisha Zuarinagar, Goa Area (Acres) 2,282 260 Target Market East, Central and South West, Central and South Key Fertilizer DAP, NPK-20, N-12, N-10, NPK-10, N-12, N-14, N-19, Products N-14 N-28, DAP, Urea Installed fertilizer NPK / DAP: 0.8 Capacity NPK /
Slide 26: PPL’s Competitive Positioning
PPL’s Competitive Positioning Backward integration of Logistics Manufacturing Comprehensive Product Well Established Sales rock phosphate, NH3 Advantage Capabilities Portfolio and Distribution Network Raw Material: Paradeep Plant: Paradeep Capacity 1.8 Consumer Product Portfolio: Consolidated Pan In
Slide 27: Disclaimer and Contact Information
Disclaimer and Contact Information Disclaimer This presentation contains statements that are “forward looking statements” including, but without limitation, statements relating to the implementation of strategic initiatives, and other statements relating to “Paradeep Phosphates” future business deve
Slide 28: Thank You
Thank You Registered Office Paradeep Phosphates Limited 5th Floor, Bayan Bhavan Pandit Jawaharlal Nehru Marg Bhubaneswar - 751 001, Odisha, India Contact: +91 22 6169 5988 CorpAffairsBBSR@adventz.com Follow Us On : 28
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