Race Eco Chain Ltd. · NSE:RACE
Race Eco Chain — Q3 FY24 Earnings Presentation
17 slides from Race Eco Chain's earnings presentation, Feb 16, 2024
Slide 1: Covering letter to stock exchanges
February 16, 2024 Bombay Stock Exchange Limited National Stock Exchange of India Limited Department of Corporate Services, Listing Department Phiroze Jeejee Bhoy Towers, Dalal Street, Exchange Plaza,C-1, Block-G, Mumbai 400001 Bandra-Kurla Complex, Mumbai 400051 Scrip Code: 537785 Symbol: RACE Subje
Slide 2: Earnings Presentation Q3 FY24
Earnings Presentation Q3 FY24
Slide 3: Our Business Model
OUR BUSINESS MODEL OUR BUSINESS SEGMENTS Aggregating & supplying the plastic packaging waste to Plastic Packaging the recyclers through our vast waste supply chain of 500+ Waste suppliers network pan India. Elevating the Green Energy Revolution by aggregating & Biofuel supplying biomass briquettes &
Slide 4: Our Strategic Pillars of Excellence
OUR STRATEGIC PILLARS OF EXCELLENCE ORGANIZING THE ESG FOCUSED UNORGNISED Voluntary adoption to SEBI’s BRSR Suppliers’ Due Diligence END TO END TRACEABILITY CERTIFICATIONS Digitization initiative via RACE App INNOVATION & TECHNOLOGY
Slide 5: Q3 FY24 – Performance Highlights (Standalone)
Q3 FY24 – PERFORMANCE HIGHLIGHTS (STANDALONE) Snapshots ~24,765 MT Operating Revenue (Q3 FY24) EBITDA (Q3 FY24) PAT (Q3 FY24) This is the quantum of waste (in tonnes) that we aggregated ₹69.40 crore ₹1.30 crore ₹0.45 crore during our third quarter of FY24. 18% YoY decline 116% YoY Growth 26% YoY gro
Slide 6: India Plastic Waste Industry
INDIA PLASTIC WASTE INDUSTRY Indian Plastic waste Recycling Market size (Mn Tonnes) 18.5 8.9 FY22 FY28F Favourable Regulations • The India waste plastic recycling market size • Favourable regulatory environment around the plastic waste reached 8.9 Million Tons in 2022. Going forward, the management
Slide 7: Plastic Packaging Waste Business Numbers (Standalone)
Plastic Packaging Waste Business Numbers (STANDALONE) Snapshots ~17,100 MT Revenue (Q3 FY24) Market Share* (PET Waste) This is the quantum of plastic waste (in tonnes) that we aggregated during our third quarter of ₹63.60 crore 9.00% FY24. Registering a growth of around 17% YoY 14% YoY decline 403bp
Slide 8: India Biofuel Industry
INDIA BIOFUEL INDUSTRY Mandatory Biomass Co-firing Indian Biomass Market (US $Bn) Rate for Thermal Power Plants According to research report published by “Transparency Market research”, 4.0 (TPPs) the Indian biomass industry was valued around US $ 1.7 Bn in 2019 & is 7% expected to grow @ CAGR of 8%
Slide 9: Biofuel Business Numbers (Standalone)
Biofuel Business Numbers (STANDALONE) Biofuel Aggregated (MT) ~7,665 MT 10,812 7,665 This is the quantum of Biomass (in tonnes) that we aggregated during our EBIT (Q3 FY24) third quarter of FY24. Q3 FY23 Q3 FY24 ₹0.04 crore • Due to subdued demand in the current quarter, our revenue 0.76% EBIT Margi
Slide 10: Our Major Biofuel Clients
Our Major Biofuel Clients ❖ We also have been successful in onboarding “Ultratech Cement” as a valued addition to our esteemed clientele.
Slide 11: Financial Overview (Standalone)
FINANCIAL OVERVIEW (STANDALONE) 90.00 84.81 1.87% 2.00% INR Cr 80.00 1.80% 70.00 69.40 1.60% PARTICULARS Q3 FY24 Q3 FY23 1.40% 60.00 INCOME STATEMENT 50.00 1.20% 0.71% 1.00% Revenue from Operations 69.40 84.81 40.00 0.80% 30.00 Operating Costs 68.10 84.21 0.60% 20.00 0.40% Operating Profit (EBITDA)
Slide 12: Consolidated Results
CONSOLIDATED RESULTS • Our Company has acquired 99.33% Equity shares of Abhay Innovative Recycling Limited. • Pursuant to said acquisition, Abhay Innovative Recycling Limited has become a Subsidiary of our Company. • Below we present our consolidated financial results: INR Cr PARTICULARS Q3 FY24 INC
Slide 13: Progressing Towards Digitization via RACE App
PROGRESSING TOWARDS DIGITIZATION VIA RACE App ❖ Our company is strongly committed to enhancing its technological capabilities. ❖ Further, in alignment with our vision to optimize the overall efficiency and digitize the existing value chain, our organization is currently engaged in the development of
Slide 14: Recent Developments – Green Score
RECENT DEVELOPMENTS • ESG GRADING REPORT – Our company recently GREEN SCORE had an ESG assessment conducted by CARE Advisory Research and Training Limited, resulting in a score of 58 out of 100. The report details our performance on various ESG parameters. Moving forward, we are committed to enhanci
Slide 15: Recent Developments
RECENT DEVELOPMENTS • ISO Certifications – We have recently obtained ISO 9001, ISO 14001, ISO 45001, and ISO 50001 certifications, underscoring our steadfast dedication to quality, environmental stewardship, and occupational health & safety. These certifications underscore our commitment to robust g
Slide 16: Our Progress Towards ESG Journey
OUR PROGRESS TOWARDS ESG JOURNEY “Progress Towards Business Sustainability” • Voluntary filing of SEBI BRSR: Our company has voluntarily adopted SEBI’s BRSR reporting for making ESG based disclosures • Undergoing ESG assessment, our company has recently received a score of 58 out of 100 based on Car
Slide 17: Thanks
Thanks www.raceecochain.com