Fine Organic Industries Ltd. · NSE:FINEORG
Fine Organic Industries — Investor Presentation (February 2024)
31 slides from Fine Organic Industries's investor presentation, Feb 5, 2024
Slide 1: Stock exchange disclosure letter under Regulation 30
Date: February 05, 2024 To To BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Plot No. C/1, "6" Block, Exchange Plaza Dalal Street, Bandra Kurla Complex, Bandra (East) Mumbai - 400 001 Mumbai - 400 051 Security Code: 541557 Symbol: FINEORG Subject: Disclosure of infor
Slide 2: Investor Presentation February 2024
Investor Presentation February 2024
Slide 3: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Fine Organic Industries Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for a
Slide 4: The Fine Story of Success
THE FINE STORY OF SUCCESS
Slide 5: Expertise in Oleo-chemistry
Expertise in Oleo-chemistry 01 An established and reputed international player of oleochemical-based additives, rooted in India 02 A Technical Pinch of salt in the end product making a HUGE difference in the product performance Making Things Better®️ 03 We create Specialty additives for diverse appl
Slide 6: Why FINE additives are preferred?
Why FINE additives are preferred? Demand for oleochemical derived additives is increasing FINE green additives have been effectively replacing potentially hazardous chemicals 01 in wide range of industries such as plastics, packaging, foods, cosmetics, rubbers, coatings etc. without compromising on
Slide 7: High-Performance Environment-Friendly Additives
High-Performance Environment-Friendly Additives
Slide 8: 50 years of Journey
50 years of Journey Commissioned facility at Established as ‘Fine Organic Badlapur(Aug 2001) Initiated (IPO) and got listed Industries’, a partnership firm on BSE and NSE New plant at by Late Shri Ramesh Shah Incorporated the company Expanded capacity addition Additional capacity expansion Ambernath
Slide 9: A Fine Family
A Fine Family 825+ Employee Strength Integrity is both a value as well as a character that is embedded in every Fine Organics employee, manifesting itself in every thought and action, every day with everyone Women Employees >17% >10% Employees completed 25 years of journey with us Creating and encou
Slide 10: Strength Formulae for Success of FINE ORGANICS
Strength Formulae for Success of FINE ORGANICS Technology Development + Relentless Focus = Innovative Products and Solutions Highly Strong R&D & Diversified Specialized Diversified Experienced Dominant Innovation led Product Business Customer Management Position Business Portfolio Model Base Team 9
Slide 11: 1. Strong R&D: Innovative Approach
1. Strong R&D : Innovative Approach Focus on Developing New Products Improving Process Technology Strong R&D In-House Design and New Product Capabilities Engineering Developments Specialty Additives for: Exploring New ▪ Value Creation; Effective and ▪ In-house capabilities for plant Efficient techni
Slide 12: With Industry Standards and Regulatory Credentials
With Industry Standards and Regulatory Credentials Fine’s facilities are fully geared towards meeting growing Global Demands ✓ Setting new benchmarks in quality and consistency ✓ High safety and productivity standards ✓ Products are appreciated by customers worldwide for their consistent quality and
Slide 13: 2. Diversified Product Portfolio: Multiple End-users
2. Diversified Product Portfolio : Multiple End-users The diversity of oleochemistry Our product range for CosPha Using our oleochemistry Pioneer in manufacturing of has enabled us to develop a (Cosmetics and expertise, we have developed food emulsifiers in India wide range of additives for Pharmace
Slide 14: 2. Diversified Product Portfolio: Multiple End-users
2. Diversified Product Portfolio : Multiple End-users Food Additives Additives for Coatings Feed Nutrition Additives Additives for maintaining the quality Used as anti-settling agents, emulsifiers, Replaces harmful antibiotics and improves and freshness of the food products, thickening/anti-sagging
Slide 15: 3. Specialised Business Model: Entry Barriers
3. Specialised Business Model: Entry Barriers Limited Players Customer Loyalty Complex Technology Highly Regulated 01 02 03 04 Complex technology & Limited & small players in Indian Lengthy & expensive product manufacturing processes create The additives have a direct specialty additives market. Glo
Slide 16: 4. Diversified Customer Base
4. Diversified Customer Base Warehouses in USA & Europe Products 470+ End Users 5,000+ Countries 80+ Direct Customers 850+ Distributors 180+ 15 Map not to scale. All data, information and maps are provided “as is” without warranty or any representation of accuracy, timeliness or completeness
Slide 17: 5. Highly Experienced Management Team
5. Highly Experienced Management Team Mukesh Shah - Chairman and Managing Director Jayen Shah – Executive Director and CEO ▪ Joined in 1973. Holds a Bachelor’s degree in Science • Joined in 1986. Holds a Master’s degree in Science ▪ Played a key role in establishing quality control and marketing • I
Slide 18: 6. Dominant Position
6. Dominant Position Fully automated One of the few production facility global players in the multiple polymer additives production sites industry. 01 03 05 02 04 Pioneers and the largest One of the few leading One of the few manufacturers of players to develop global players in the oleochemical-bas
Slide 19: Financial Highlights
Financial Highlights
Slide 20: Volatility in RM Prices till Dec'23
600 800 1000 1200 1400 1600 1800 2200 2000 Apr-20 May-20 Jun-20 Jul-20 Aug-20 SOYA REFINED OIL Sep-20 SUNFLOWER REF OIL Source – RK Singhal (Vishwa Vyapar) Oct-20 Price in Rs / 10 KG Nov-20 Dec-20 Jan-21 Feb-21 Mar-21 Apr-21 May-21 GROUNDNUT OIL Jun-21 RAPESEED EXP OIL Jul-21 Aug-21 Volatility in RM
Slide 21: Standalone Performance Highlights
Standalone Performance Highlights Revenues EBITDA PAT Rs in Crores 472 104 79 426 92 70 Q2FY24 Q3FY24 Q2FY24 Q3FY24 Q2FY24 Q3FY24 2,331 594 453 1,430 349 263 9MFY23 9MFY24 9MFY23 9MFY24 9MFY23 9MFY24 20
Slide 22: 9MFY24 Standalone Operating Performance
9MFY24 Standalone Operating Performance Rs in Crores Revenues Operating EBITDA & Margins 19.3% 21.3% 23.0% 17.1% 18.8% 25.8% 24.4% 3,029 +29% 781 1,858 68% +37% 1,430 1,044 1,026 1,121 60% 856 51% 349 349 55% 55% 55% 222 236 192 Exports 58% 164 40% 32% 49% Domestic 42% 45% 45% 45% FY18 FY19 FY20 FY2
Slide 23: Use of Capital (Standalone)
Use of Capital (Standalone) Net Debt to Equity Fixed Asset Turnover 0.11x Net Cash 12.26x 0.05x Position 9.44x 8.76x 7.77x 7.10x 4.90x -0.13x 4.13x 5.40x -0.16x 3.71x 3.83x 3.26x 2.26x 2.34x -0.24x 3.37x -0.31x FY18 FY19 FY20 FY21 FY22* FY23 H1FY24# -0.43x FY18 FY19 FY20 FY21 FY22 FY23 H1FY24 Fixed
Slide 24: Standalone Return Profile
Standalone Return Profile Return on Capital Employed Return on Net Worth 47.34% 38.80% 32.17% 33.40% 26.40% 27.43% 31.15% 25.37% 26.15% 30.35% 24.81% 26.66% 17.55% 15.55% FY18 FY19 FY20 FY21 FY22 FY23 H1FY24# FY18 FY19 FY20 FY21 FY22 FY23 H1FY24# Return on Capital Employed = EBIT (excluding Other In
Slide 25: Standalone Profit & Loss Statement
Standalone Profit & Loss Statement Particulars (Rs in Crs) Q3FY24 Q3FY23 YoY Q2FY24 QoQ 9MFY24 9MFY23 YoY FY23 Revenue from Operations 425.8 749.9 -43.2% 471.7 -9.7% 1,429.6 2,330.5 -38.7% 3,029.1 Cost of Raw Material Consumed 247.9 486.3 273.8 825.7 1,440.2 1,865.7 Gross Profit 177.9 263.5 -32.5% 1
Slide 26: Consolidated Performance Highlights
Consolidated Performance Highlights Revenues EBITDA PAT Rs in Crores 540 131 103 488 118 94 Q2FY24 Q3FY24 Q2FY24 Q3FY24 Q2FY24 Q3FY24 2,426 629 469 1,576 391 297 9MFY23 9MFY24 9MFY23 9MFY24 9MFY23 9MFY24 25
Slide 27: 9MFY24 Consolidated Operating Performance
9MFY24 Consolidated Operating Performance Revenues Operating EBITDA & Margins* 18.6% 21.7% 22.7% 17.5% 19.4% 27.5% 24.8% 3,023 +29% 831 1,876 +39% 1,576 1,060 1,038 1,133 391 856 364 230 235 198 158 FY18 FY19 FY20 FY21 FY22 FY23 9MFY24 FY18 FY19 FY20 FY21 FY22 FY23 9MFY24 PAT & Margins Cash PAT & Ma
Slide 28: Use of Capital (Consolidated)
Use of Capital (Consolidated) Net Debt to Equity Fixed Asset Turnover 0.10x 0.04x 12.24x 9.58 x 8.73x 7.74 x 7.17x -0.14x -0.18x 4.18x 4.95x -0.23x 5.19x 3.77x 3.40x 3.82x 3.27x -0.32x 2.29x 2.37x -0.44x FY18 FY19 FY20 FY21 FY22* FY23 H1FY24# FY18 FY19 FY20 FY21 FY22 FY23 H1FY24 Fixed Asset Turnover
Slide 29: Consolidated Return Profile
Consolidated Return Profile Return on Capital Employed Return on Net Worth 49.82% 40.10% 33.85% 33.70% 27.24% 26.63% 27.09% 26.78% 30.80% 31.80% 24.10% 27.00% 18.41% 16.45% FY18 FY19 FY20 FY21 FY22 FY23 H1FY24# FY18 FY19 FY20 FY21 FY22 FY23 H1FY24# Return on Capital Employed = EBIT (excluding Other
Slide 30: Consolidated Profit & Loss Statement
Consolidated Profit & Loss Statement Particulars (Rs in Crs) Q3FY24 Q3FY23 YoY Q2FY24 QoQ 9MFY24 9MFY23 YoY FY23 Revenue from Operations 488.4 759.5 -35.7% 540.5 -9.6% 1,576.1 2,426.4 -35.0% 3,023.1 Cost of Raw Material Consumed 277.4 502.6 309.3 911.3 1,483.3 1,784.2 Gross Profit 211.0 257.0 -17.9%
Slide 31: Thank You!
Company: CIN: L24119MH2002PLC136003 Thank Ms. Sonali Bhadani Senior Vice President – Finance www.fineorganics.com You! Investor Relations Advisors: CIN: U74140MH2010PTC204285 Mr. Mandar Chavan / Mr. Rahul Agarwal +91 9699382195 / +91 9821438864 Email: mandar.chavan@sgapl.net / rahul.agarwal@sgapl.ne
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