Laxmi Organic Industries Ltd. · NSE:LXCHEM
Laxmi Organic Industries — Q3 FY24 Earnings Presentation
24 slides from Laxmi Organic Industries's earnings presentation, Jan 25, 2024
Slide 1: Exchange intimation letter for analyst meet
January 25, 2024 BSE Limited National Stock Exchange of India Limited Corporate Relationship Department, Exchange Plaza, Bandra Kurla Complex, 1st Floor, New Trading Ring, Bandra (E), Rotunda Building, P. J. Towers, Mumbai – 400 051 Dalal Street, Fort, Trading Symbol: LXCHEM Mumbai – 400 001 Scrip C
Slide 2: Geared to Win – Analyst Presentation Q3 FY24
Geared to Win – Analyst Presentation Investor Presentation – Q3 FY24 25 January 2024 www.laxmi.com
Slide 3: Disclaimer
Disclaimer This presentation and the accompanying slides (the “Presentation”), have been prepared by Laxmi Organic Industries Limited (the “Company”) solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities and shall no
Slide 4: Who we are?
Who we are? Lean & Reliable Essentials supplier World Class Technology platforms for with deep supply chain expertise Specialties Large, global addressable markets Emphasis on Innovation, Quality, across Essentials (>USD 12bn) and and ESG, Responsible Care certified by Specialties (>USD 3.5bn) India
Slide 5: Diversified Business Catering to Varied Industries
Diversified Business Catering to Varied Industries Essentials Specialties Technology Esterification Acetylation Ketene/Diketene Fluorination New Technology… Platforms Market Size Large addressable market > USD 12 billion Large addressable market > USD 3.5 billion Market Position Top supplier in Indi
Slide 6: Group Operating Structure
Group Operating Structure Laxmi Organic Industries Limited (Mahad & Dahej) 100% 95% 26% 26% Yellowstone Fine Chemicals Pvt. Ltd. Cleanwin Energy One Radiances MH Sunrise Saideep Traders (Lote) LLP seven Pvt. Ltd. (Distillery) (Specialty) (Captive wind power) (Captive Solar Power) 100% 100% Laxmi Org
Slide 7: Geared to Win
Geared to Win Leadership Ambitions Leveraging 1 Global leadership in our range of products 1 Top 5 in our segments globally 1 Deepening innovation & leveraging chemistries and technology absorption 2 Cost leadership across the technology platforms 2 Continued leading cost positions Economies of Scal
Slide 8: Geared to Win – Innovation pipeline
Geared to Win – Innovation pipeline Revenue Investment Continue >20% Revenue New Products Contribution from Continue to New Products in invest 2% of Infrastructure Specialties* Strong Pipeline – Specialties 11 products are in revenues for Infrastructure - pilot and capex Innovation Innovation Miteni
Slide 9: Geared to Win– Strategically located Manufacturing Sites
Geared to Win– Strategically located Manufacturing Sites India Mahad (2 Units) Manufacturing Units 3rd party storage tank agreements • Land parcel: 45 acres • Land Occupancy: 90% • Product Mix: o Essentials – 60% o Specialties – 40% Dahej* Europe Dahej* Lote* Mahad, Maharashtra (2 units) • Land parc
Slide 10: Geared to Win– Network and Alliances
Geared to Win– Network and Alliances Ravi Goenka Dr Rajan Venkatesh Harshvardhan Goenka Rajeev Goenka Manish Chokhani Executive Chairman Managing Director & Chief Executive Director – Strategy Non-Executive Director Independent Director Executive Officer & Business Development Bachelor’s degree in C
Slide 11: Geared to Win – Strong Management Team
Geared to Win – Strong Management Team Dr Rajan Venkatesh Harshvardhan Goenka Tanushree Bagrodia S. Daipayan Bora Uday Vaishampayan Managing Director & Chief Executive Director – Strategy Chief Financial Officer Chief Transformation Officer Sr. Vice President Corporate EHS Executive Officer & Busine
Slide 12: Living Our Values to Deliver our Ambitions
Living Our Values to Deliver our Ambitions To do what is right and in the To create a culture where failure is the interest of all stakeholders with an first step to success unwavering focus Integrity Innovation To make a positive impact in all To improve the lives of customers interactions with the
Slide 13: Awards & Accolades
Awards & Accolades State Level Award - DISH Certificate of Appreciation from National Safety Council of India for consecutive 3 years Best Supporter for fire mitigation National Level Unit II: National Level EHS Merit Award 4th Level awards from National Safety Council of India – Announced in Dec. 2
Slide 14: Financial Highlights Q3 & 9MFY24
Financial Highlights Q3 & 9MFY24 www.laxmi.com
Slide 15: From the desk of MD & CEO
From the desk of MD & CEO Commenting on the Q3 & 9MFY24 results, Dr. Rajan Venkatesh – MD & CEO says, “The operating backdrop for the global chemical industry continues to be challenging. In this environment, we are pleased to announce that on a standalone basis we have sequentially (O-o-Q) and on y
Slide 16: Business Update – On Capex
Business Update – On Capex Particulars Lote Dahej • Shifting of supply chains (China +1) Leveraging Miteni Acquisition Technology • Growing end products markets • Growth of Domestic market Rs. 5,500 Mn Rs. 7,100 Mn Investments Project had delays and cost overrun on account of COVID restrictions, ris
Slide 17: Standalone Financial Highlights - Q3 & 9M FY24
Standalone Financial Highlights - Q3 & 9M FY24 Total Income (in INR Mn.) EBITDA (in INR Mn.) PAT (in INR Mn.) 20,016 20,471 2,130 1,088 1,989 1,006 6,488 6,984 705 345 392 6,438 663 605 234 Q3FY23 Q2FY24 Q3FY24 9MFY23 9MFY24 Q3FY23 Q2FY24 Q3FY24 9MFY23 9MFY24 Q3FY23 Q2FY24 Q3FY24 9MFY23 9MFY24 Gross
Slide 18: Consolidated Financial Highlights - Q3 & 9M FY24
Consolidated Financial Highlights - Q3 & 9M FY24 Total Income (in INR Mn.) EBITDA (in INR Mn.) PAT (in INR Mn.) 20,717 20,933 1,920 1,860 1,003 762 6,579 6,605 6,996 580 576 471 273 272 107 Q3FY23 Q2FY24 Q3FY24 9MFY23 9MFY24 Q3FY23 Q2FY24 Q3FY24 9MFY23 9MFY24 Q3FY23 Q2FY24 Q3FY24 9MFY23 9MFY24 Gross
Slide 19: Business Highlights - Q3 & 9M FY24
Business Highlights - Q3 & 9M FY24* Essentials Revenue (in INR Mn.) Specialties Revenue (in INR Mn.) 14,146 14,148 5,963 5,208 4,601 4,493 4,948 1,699 1,827 1,876 Q3FY23 Q2FY24 Q3FY24 9MFY23 9MFY24 Q3FY23 Q2FY24 Q3FY24 9MFY23 9MFY24 EBIDTA Contribution (in %) Essential Specialty 31% 32% FY23 9MFY24
Slide 20: De-risked Business Model continues to Deliver
De-risked Business Model continues to Deliver* Exports Continue to remain Relevant Diversified Exports – 9MFY24 Exports 10% 15% Domestic 20% 29% 33% 31% 30% 35% 19% 9MFY23 9MFY24 56% 26% 5% 80% 71% 65% 67% 69% 10% 21% 8% Europe Africa Middle East FY21 FY22 FY23 9MFY23 9MFY24 Rest of Asia Pacific Ame
Slide 21: Standalone Profit & Loss - Q3 & 9M FY24
Standalone Profit & Loss - Q3 & 9M FY24 Profit and Loss (in INR Mn.) Q3 FY24 Q3 FY23 Y-o-Y Q2 FY24 Q-o-Q 9M FY24 9M FY23 Y-o-Y Total Income 6,984 6,438 8% 6,488 8% 20,471 20,016 2% Cost of Raw Material 4,727 4,212 4,436 13,639 13,038 Gross Profit 2,257 2,226 1% 2,051 10% 6,831 6,978 -2% GP Margin (%
Slide 22: Consolidated Profit & Loss - Q3 & 9M FY24
Consolidated Profit & Loss - Q3 & 9M FY24 Profit and Loss (in INR Mn.) Q3 FY24 Q3 FY23 Y-o-Y Q2 FY24 Q-o-Q 9M FY24 9M FY23 Y-o-Y Total Income 6,996 6,579 6% 6,605 6% 20,933 20,717 1% Cost of Raw Material 4,812 4,390 4,617 14,208 13,672 Gross Profit 2,184 2,189 0% 1,988 10% 6,725 7,045 -5% GP Margin
Slide 23: Key Ratios – On Consolidated Basis
Key Ratios – On Consolidated Basis CFO / EBITDA (%) Return on Capital Deployed* (%) Debt : Equity (x) 177% 18% 0.3 12% 97% 0.1 FY23 9MFY24 FY23 9MFY24# FY23 9MFY24 *Excl. CWIP & QIP balances #9MFY24 calculated on Annualised basis LAXMI ORGANIC INDUSTRIES LIMITED | Q3 FY24 22
Slide 24: Thank You
Thank You Company: Laxmi Organic Industries Limited Investor Relations: Strategic Growth Advisors Pvt. Ltd. www.laxmi.com www.sgapl.net CIN: L24200MH1989PLC051736 CIN: U74140MH2010PTC204285 Mr. Nishant Dudhoria/ Ms. Prachi Chhugani Mr. Aniket Hirpara Email: nishant.dudhoria@sgapl.net / prachi.c@sgap
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