Slide 1: Exchange filing cover letter
16/11/2024 To To BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, Bandra Kurla Complex, Dalal Street, Bandra (E), Mumbai - 400 001. Mumbai - 400 051. Scrip code : 509152 Symbol : GRPLTD – Series: EQ Dear Sir / Madam, Sub: Investor Presentation Pursuant
Slide 2: Investor Presentation November 2024
INVESTOR PRESENTATION November 2024 www.grpweb.com 1
Slide 3: Disclaimer
Disclaimer This presentation and the accompanying slides (the “Presentation”), which have been prepared by GRP 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 securities, and sh
Slide 4: Performance Highlights Q2 & H1 FY25
PERFORMANCE HIGHLIGHTS Q2 & H1 FY25
Slide 5: Managing Director's Message
Managing Director’s Message Commenting on the Q2 FY25 and H1 FY25 performance of the company Mr. Harsh Gandhi, Managing Director for GRP Limited said, “We are pleased to announce that our revenue stood at Rs 2,586 Mn in H1 FY25, representing a 20% year-on-year (Y-o-Y) growth. Our EBITDA for the half
Slide 6: Q2 Performance Highlights - Consolidated
Q2 Performance Highlights - Consolidated (in Rs. Mn) Total Income EBITDA PAT +15% -13% -47% 1,319 115 46.9 1,148 100 25.1 Q2FY24 Q2FY25 Q2FY24 Q2FY25 Q2FY24 Q2FY25 -210 -241 -218 bps bps bps Gross margin% EBITDA margin% PAT margin% Y-o-Y Y-o-Y Y-o-Y ▪ The revenue from subsidiaries GCSL and GSPL amou
Slide 7: H1 Performance Highlights - Consolidated
H1 Performance Highlights - Consolidated (in Rs. Mn) Total Income EBITDA PAT +20% +26% +3% 2,586 233 66.5 68.7 2,147 185 H1FY24 H1FY25 H1FY24 H1FY25 H1FY24 H1FY25 -105 37 -44 bps bps bps Gross margin% EBITDA margin% PAT margin% Y-o-Y Y-o-Y Y-o-Y ▪ The revenue from subsidiaries GCSL and GSPL amounts
Slide 8: Segment Wise Quarterly Performance Trend - Standalone
Segment Wise Quarterly Performance Trend - Standalone (in Rs. Mn) Reclaim Rubber Revenue Trend1 Non- Reclaim Revenue Trend1 +9% +34% 1,235 153 154 1,112 1,119 137 1,027 960 453 116 114 472 449 410 390 Domestic Exports 782 669 617 570 640 Q2FY24 Q3FY24 Q4FY24 Q1FY25 Q2FY25 Q2FY24 Q3FY24 Q4FY24 Q1FY25
Slide 9: H1 Segment Wise Revenue Split – Standalone
H1 Segment Wise Revenue Split – Standalone (in Rs. Mn) RR Revenue Non-RR Revenue Revenue Spilt (%) +16% +30% 11% 2,231 268 1,926 206 Total Revenue +17% 2,499 89% H1FY24 H1FY25 H1FY24 H1FY25 2,132 RR Business Non-RR Revenue Domestic Revenue Exports Revenue Geographical Spilt (%) +26% +11% H1FY24 H1FY
Slide 10: Key Highlights
Key Highlights The Y-o-Y growth in standalone half-yearly profit is driven by a 13% increase in volume, an optimized product mix, and a 2% reduction in energy costs (equivalent to Rs 47.6 Mn) despite a Re 1 per kWh increase in power tariff Reclaim rubber revenue has gone up by 9% in Q2 FY25 on Y-o-Y
Slide 11: Strategic CAPEX Announcement: Investing in Future Growth
Strategic CAPEX Announcement : Investing in Future Growth and Operational Excellence KEY TAKEAWAYS Capex upto Rs 250 Crores - This investment will be executed in two phases over a period of three years ▪ The total funding requirement for these projects will be met through Phase 1 - Rs 150 Crores to
Slide 12: Profit & Loss Statement - Consolidated
Profit & Loss Statement - Consolidated Profit & Loss (Rs. Mn) Q2FY25 Q2FY24 Y-o-Y (%) H1FY25 H1FY24 Y-o-Y (%) Revenue from Operations 1,316 1,144 15% 2,578 2,137 21% Other Income 2 4 7 10 Total Revenue 1,319 1,148 15% 2,586 2,147 20% Cost of Goods Sold 649 541 1,245 1,012 Gross Profit 670 608 10% 1,
Slide 13: Balance Sheet Statement - Consolidated
Balance Sheet Statement - Consolidated Assets (Rs. Mn) Sep-24 Mar-24 Liabilities (Rs. Mn) Sep-24 Mar-24 Non-Current Assets 1,884 1,689 Equity Share Capital 53 13 Property, Plant and Equipment 1,408 1,442 Other Equity 1,619 1,654 Capital work in progress 123 10 Equity attributable to owners of the 1,
Slide 14: Company Overview
COMPANY OVERVIEW
Slide 15: GRP at a Glance
GRP Is A Marquee Scalable Integrated Polymer Recycling Company INCEPTION VALUE CHAIN MANUFACTURING EXPANSION CAPABILITIES 5 5 5 decades of excellence Business Verticals Strategic locations Head quartered in 90000+* MTPA capacity Mumbai GRP MARKET LEADERSHIP REPUTABLE CUSTOMER BASE ESTABLISHED VENDOR
Slide 16: With Clear Vision And Values
With Clear Vision And Values… Company GRP is a sustainable materials producer that helps brand owners fulfil obligations for responsible use of end-of-life waste Our Vision The trusted global partner offering innovative sustainability solutions, committed to responsible value creation for all stakeh
Slide 17: 5 Decades Of Journey Towards An Integrated Recycling Platform
5 Decades Of Journey Towards An Integrated Recycling Platform 1974 1978 1984 1997 Gujarat Reclaim and 1st reclaim rubber Got its first ever Diversified into Rubber Products Limited unit established at export order Custom Die Forms was incorporated Ankleshwar 2014 2012 2011 2006 Diversified into 5th
Slide 18: Business Verticals And Diverse Customer Segments
Pioneering The Value Chain With 5 Business Verticals And Diverse Customer Segments… Business Verticals Key Customer segments Automotive Conveyor Automotive tyres Electrical Products Belts Transportation Polymer/Rubber Furniture Agricultural Equipment (Shipping & Trucking) Compounding www.grpweb.com
Slide 19: Maximizing the Use of End-of-Life Tyres Across Verticals
Maximizing the Use of End-of-Life Tyres Across Verticals Polymer Composite 1 Tread Reclaim rubber 2 Reclaim rubber Whole Tyre Sidewall Custom Die Forms Polyamide for Engineering Plastics 1 Tyre cord Fiber Polyamide for Engineering Plastics 1 Growth Emerging verticals with significant potential for m
Slide 20: Made In India For The World With Well-diversified Procurement Network
Made In India For The World With Well-diversified Procurement Network Solapur 7 Strategically located manufacturing facilities across Sourcing Network 350+ 5 locations with a capacity of 90,500 ΜΤΡΑ2 domestic and international vendors 2011 | 1,15,960 sqm1 150+ Sourcing touchpoints Key Raw materials
Slide 21: Wide Range of Applications for Reclaim Rubber
Wide Range of Applications for Reclaim Rubber VALUE PROPOSITION ECONOMIC PROCESSING ENVIRONMENTAL • Cost-saving by replacing • Faster mixing cycle & • Provides alternative to hazardous, landfills virgin rubber & Carbon Black Improved extrusion rate • Substitutes natural rubber & crude based • Reduce
Slide 22: Advanced solutions for Engineering Plastics and Repurposed Polyolefins
Advanced solutions for Engineering Plastics and Repurposed Polyolefins ENGINEERING PLASTICS REPURPOSED POLYOLEFFINS POLYAMIDE 6 ▪ High quality engineering plastic, used in ICPP applications requiring superior mechanical • Used across various applications in the properties automotive and industrial s
Slide 23: Polymer Composite and Custom Die Forms For Diverse Industries
Polymer Composite and Custom Die Forms For Diverse Industries BOARDS ▪ Highly customizable boards include tongue and groove, lug boards, planks etc. LINK MATS ▪ Trailer decking application as an alternative to steel and wood leads to a 25% - -- -- ▪ Installed for workplace safety to provide impact 2
Slide 24: In-house R&D - Driving Innovation In Product, Process, and Application
In-house R&D - Driving Innovation In Product, Process, and Application GRP has developed an in-house R&D for Product, Process and Application Research Department of Scientific & Industrial Research Recognized Key Principles Product: Process: Application: Continuous development of new ``` Development
Slide 25: Key Growth Drivers
Limitless Possibilities In Waste To Wealth With Growing Market Globally RECLAIM RUBBER Reclaim Rubber Market 28mn vehicles are produced every year Global (USD Mn) RECOVERED CARBON BLACK CAGR: 11% 2,160 CAGR: 10% 190mn new tyres are available 1,272 in domestic market every year 1,046 CRUMB RUBBER Val
Slide 26: Significant Growth Opportunities in the Plastic Market
Significant Growth Opportunities in the Plastic Market Global Plastic Recycling Rate 10% Plastic waste generation (By Material) 19.0% Globally, around 400mn MTA of plastic waste is generated, 10.5% 10% of this is recycled 5.8% Rest is either incinerated or dumped into landfills or leaked 1.3% 0.8% 0
Slide 27: Well Entrenched Customer Relationships With Reputed Customers
Well Entrenched Customer Relationships With Reputed Tyre And Non-tyre Customers 40+ Customers have been associated with GRP for >10 years in reclaim rubber percent www.grpweb.com The Brand Names mentioned are the property of their respective owners and are used here for identification purpose only.
Slide 28: Awards and Accolades
Celebrating Excellence: Awards and Accolades Recognizing Our Achievements Recent inclusion to our achievements CERTIFICATIONS Crisil Rating IATF 16949:2016, ISO 9001:2015, ISO14001:2015, Long term loan : A- ISO45001:2018 Short term loan : A2+ AWARDS First Reclaim Rubber manufacturer to receive ISCC+
Slide 29: Distinguished Board of Directors
Distinguished Board of Directors Rajendra Gandhi Harsh Gandhi Hemal Gandhi Executive Chairman Managing Director Executive Director Founder promoter, with 40+ years of industry experience. Associated with GRP since 2001 with 23+ years of experience 10+ years in Branding and Corporate Communications.
Slide 30: Paving the Way for Sustainability With Focus On ESG
Paving the Way for Sustainability With Focus On ESG Voluntarily published Business Responsibility and Sustainability Report (BRSR) in 2024 20% women participation in workforce by 2025 50% Renewable energy target by 2025 HIGHLIGHTS Green Tech 10% 20% Zero Liquid Investments Reduction in Scope 1 & Ene
Slide 31: Sustainable Development Goals (Adopted By GRP)
Sustainable Development Goals (Adopted By GRP) GRP believes in ‘giving back to the society and the planet’, it has shown a high level of engagement across following six out of the seventeen SDGs adopted by all UN member states to build a better world for people and planet Wellness initiatives Target
Slide 32: CSR - Leading Positive Initiatives For A Better Future
CSR - Leading Positive Initiatives For A Better Future At GRP, CSR contributes in shaping the ‘How’ and the ‘W y’ of almost every activity we undertake. Over the years, we are happy to have played a role in giving back to the community through our products as well as our CSR activities. We are grate
Slide 33: Growth Opportunities
GROWTH OPPORTUNITIES
Slide 34: Key Rights to Win: Strategic Advantages for Market Leadership
Key Rights to Win: Strategic Advantages for Market Leadership GRP has built a reputable recycling brand which is trusted by leading brand owners globally Trusted Global Recycling Brand in Reclaim Rubber Partnerships with leading Developed long-standing relationships with brand-owners leading brand-o
Slide 35: Future Growth Pillars For The Business Across The Value Chain
Future Growth Pillars For The Business Across The Value Chain To Drive Profitability GRP has established a reputable and scalable platform which can be leveraged to achieve the next level of growth 1 ▪ Leading companies globally have committed to achieve high sustainability targets in the near Deman
Slide 36: Capitalizing on EPR Guidelines
Capitalizing on EPR Guidelines: Opportunities for Leading Tire Recycling Companies like GRP Recent government guidelines for implementation of EPR in the domestic market shall further boost the need for rubber recycling in India and open up a new revenue stream for players like GRP EPR Recycling Tar
Slide 37: EPR In Plastic Packaging Overview
EPR In Plastic Packaging Overview: Producer (Category - 1 Only) The Government guidelines which mandate rigid plastic packaging producers to recycle and incorporate recycled content in their products shall drive the demand for recycled polypropylene FY29 FY22 FY23 FY24 FY25 FY26 FY27 FY28 onwards 25
Slide 38: Historical Financial Performance
Historical Financial Performance Total Income EBITDA Profit After Tax EPS (INR Rs.) (Rs. in Mn) (Rs. in Mn) (Rs. in Mn) +7% 4,605 4,630 523 226 169.8 3,896 +28% 3,493 +66% 343 139 104.6 2,816 244 196 188 58 43.2 30 22.3 17 12.5 FY20 FY21 FY22 FY23 FY24 FY20 FY21 FY22 FY23 FY24 FY20 FY21 FY22 FY23 FY
Slide 39: Key Financial Ratios
Key Financial Ratios Return on Capital Employed (%) Return on Equity (%) Return on Asset (%) EBIT/ (Debt + Equity) Networth (Rs In Mn) Net Profit / Networth Net Profit / Total Assets 14% 14% 7% 1,667 1,474 1,272 1,316 1,362 9% 5% 9% 5% 4% 2% 3% 3% 2% 1% 1% 1% FY20 FY21 FY22 FY23 FY24 FY20 FY21 FY22
Slide 40: Thank You!
THANK YOU! Company : Investor Relations Advisors : CIN: L25191GJ1974PLC002555 CIN: U74140MH2010PTC204285 Ms. Shilpa Mehta Mr. Abhishek Shah / Mr. Vatsal Shah Chief Financial Officer abhishek.shah@sgapl.net / vatsal.shah@sgapl.net investor.relations@grpweb.com +91 99306 51660 / +91 88796 59884 www.gr