Styrenix Performance Materials Ltd · NSE:STYRENIX
Styrenix Performance Materials — Q1 FY2024-25 Earnings Presentation
39 slides from Styrenix Performance Materials's earnings presentation, Jul 15, 2024
Slide 1: Exchange filing cover letter for investor presentation
July 15, 2024 To, BSE Limited National Stock Exchange of India Limited Dept. DSC_CRD Exchange Plaza, Phiroze Jeejeebhoy Towers, Plot No. C/1, ‘G’ Block, Dalal Street Bandra- Kurla Complex, Mumbai 400 001 Bandra (‘E’) BSE Scrip Code: 506222 Mumbai 400 051 NSE Symbol: STYRENIX Subject: Investor Presen
Slide 2: Investor Presentation
NSE: STYRENIX | BSE: 506222 Investor Presentation
Slide 3: Slide 3
Slide 4: Financial Snapshot
FINANCIAL SNAPSHOT 3
Slide 5: Financial Snapshots
Financial Snapshots Q 1 F Y 2 5 4
Slide 6: Overview of the Company
OVERVIEW OF THE COMPANY 5
Slide 7: A leader in ABS & SAN, growing in Polystyrene & other polymer segments
A leader in ABS & SAN…growing in Polystyrene & other polymer segments…. Catering to all regions of ABSOLAC (ABS) Unique product India through: ASALAC innovation capabilities Committed to maintain • R&D STYROLOY highest quality & • 4 Production units performance standards PAN India ABSOLAN (SAN) • 7
Slide 8: ... with consistent growth
... with consistent growth… 1973 1992 ABS capacity increased to Capacity increased of 1993 10,000 TPA ABS to 39,000 TPA & 1995- SAN to 40,000 TPA 1996 Commissioned new SAN plant in Katol - capacity 5,000 TPA Mr. Rakesh Agrawal Incorporated 2000- ABS Plastics Ltd. and leads it till 2012 2003 ABS capa
Slide 9: ...including plants with scope for expansion
...including plants with scope for expansion… 01 NANDESARI Product: Rubber Capacity: 24 KTPA Area: 45,000 sq.m MOXI 02 Product: ABS & Others Capacity: 100 KTPA Area: 45,000 sq.m KATOL 03 Product: SAN Capacity: 100 KTPA Area: 48,000 sq.m DAHEJ 04 Product: PS Capacity: 66 KTPA Area: 2,27,000 sq.m
Slide 10: ...and cutting edge R&D center with experience in executing global projects
...and cutting edge R&D center with experience in executing global projects… Established in 1995 – Color excellence 01 R&D facility with more than 1,300 On spot color confirmation colors. with customer requirement. 06 Focus on rubber research, 02 color development activities new product development
Slide 11: ...driven by best practices of SHE
...driven by best practices of SHE… SHE Highlights SHE Focus Area Best Practices Followed • Committed to the Safety and Health of employees and • Process Safety [As per OSHA guidelines] • Process Safety Management [As per OSHA nearby communities • Focus on storage safety of Styrene guidelines] • Cer
Slide 12: ...led by competent Board of Directors
…led by competent Board of Directors… Rakesh S. Agrawal Milin Mehta Chairman Independent Director A first-generation entrepreneur, Chairman-Shiva Group Leads the practice of K.C. Mehta & Co. Masters of Engineering in Chem. from Stevens Institute of Tech. Chartered Accountant and Law Graduate Experie
Slide 13: ...having marquee clientele
…having marquee clientele • Hero, Honda, Bajaj, TVS, OLA, Yamaha, Aether Automotive • Maruti Suzuki, TATA, Mahindra • Ashok Leyland,…… • LG, Samsung, Haier, Godrej,…. Household • Daikin, Havells, IFB,…. Appliances • Orient, Crompton, Kent, Eureka Forbes,… Stationary, • Flair, Linc, Lexi, Win, Ostern
Slide 14: Corporate Social Responsibility
Corporate Social Responsibility Education Vocational Training ITI Lab, Tarsali Rayka village ITI Lab, Tarsali Rayka village
Slide 15: Corporate Social Responsibility
Corporate Social Responsibility Healthcare Environment Sustainability Rayka village Govt Primary school in Vadodara Various villages near plant locations Nandesari
Slide 16: Capital Market Statistics
Capital Market Statistics Shareholding Pattern Share Price Movement * Above graph comparison vs BSE from Aug 1, 2011 to July 10, 2024 * Shareholding pattern as on June 30, 2024 • Exchanges Traded: BSE, NSE • Face Value per Share: Rs. 10 • Current Market Price: INR 2329.65/share as on July 10, 2024 c
Slide 17: Applications Across Diverse Industries
APPLICATIONS ACROSS DIVERSE INDUSTRIES 16
Slide 18: Applications across diverse industries
Applications across diverse industries 17
Slide 19: Applications: ABSOLAC ABS
Applications: ABSOLAC®ABS 18
Slide 20: Applications: ABSOLAC ABS
Applications: ABSOLAC®ABS 19
Slide 21: Applications: ABSOLAN SAN
Applications: ABSOLAN®SAN 20
Slide 22: Applications: ABSOLAN SAN
Applications: ABSOLAN®SAN 21
Slide 23: Applications: STYRENIX GPPS
Applications: STYRENIX®GPPS 22
Slide 24: Applications: STYRENIX GPPS
Applications: STYRENIX®GPPS 23
Slide 25: Applications: STYRENIX HIPS
Applications: STYRENIX®HIPS 24
Slide 26: Applications: STYROLOY & ASALAC
Applications: STYROLOY® & ASALAC® STYROLOY® ASALAC® 25
Slide 27: Business Performance & Outlook
BUSINESS PERFORMANCE & OUTLOOK 26
Slide 28: Managing Director's Message
Managing Director’s Message We continue to strengthen our position in specialties, drive product mix to maximize margins, addition of new grades & blends to our product portfolio. Our strive is to further strengthen Company’s position in focus industries, mainly in Automotive & Household and penetra
Slide 29: Global GDP Growth
Global GDP Growth * India is being forecasted by globally highest GDP among other country Source IMF 28
Slide 30: Market Growth of Q1 FY 24-25
Market Growth of Q1- FY 24~25 Small Polymer Large appliances demand Automotive Household & Utility growth Appliances items 8~10% Auto Industry – Two-Wheeler & Four where growth was ~11% over previous year same period Large Appliances – Refrigerator ~7%, AC ~30%, Washing Machine ~10% growth over last
Slide 31: Outlook Q2 FY 24-25
Outlook- Q2- FY 24~25 • Indian household items- more new global OEMS are setting up plants across India & planning for a global production hub. • Household industry performance across all products are in positive trend • Polymer demand likely to grow>10% YoY • Jun-24 Auto 4W sale was down, however a
Slide 32: Financial Performance
FINANCIAL PERFORMANCE 31
Slide 33: Sales Volume, in MT
Sales Volume, in MT oly ren PERFORMANCE J iX. 39,933 Q1 23-24 44,094 Q4 23-24 48,055 Q1 24-25 32
Slide 34: Quarterly Financials
Quarterly Financials (INR Cr. except EPS) % vs Jan-Mar % vs Apr-Jun Particulars Apr-Jun 24 Jan-Mar 24 Apr-Jun 23 24 23 Sales revenue 698.7 598.7 543.8 16.7% 28.5% Other income 2.5 2.4 2.1 3.8% 17.6% Total Income 701.2 601.1 545.9 16.7% 28.5% Cost of goods sold 530.8 451.5 420.0 17.6% 26.4% Other exp
Slide 35: An Enthralling Investment Story
An Enthralling Investment Story Market leader in ABS & SAN in India….Growing in polystyrene and other polymer segments… Long established relationships with customers Capacity expansion plan to tap polymer market growth of 8~10% Technology leader with global R&D capabilities Focus on specialties, OEM
Slide 36: For further information, please contact
For further information, please contact : Bhupesh P. Porwal - Chief Financial Officer bhupesh.porwal@styrenix.com KINDLY READ THE DISCLAIMER AT THE END OF THE PRESENTATION
Slide 37: Disclaimer
Disclaimer This presentation has been prepared by Styrenix Performance Materials Ltd. (“Styrenix” or the “Company”) solely for your information and may not be taken away, reproduced, or redistributed directly or indirectly, to any other person (whether within or outside your organization or firm) or
Slide 38: Disclaimer
Disclaimer No representation, warranty, guarantee or undertaking (express or implied) is made as to, and no reliance should be placed on, the accuracy, completeness or correctness of any information, including any projections, estimates, targets and opinions, contained herein, and no liability whats
Slide 39: Portfolio expansion
Portfolio expansion Introduced in FY 23-24 ABSOLAC ABSOLAN (ABS) (SAN) STYROLOY ASALAC (PC+ABS, PA+ABS, (ASA) blends) Value proposition customized solutions Styrenix Styrenix GPPS HIPS
Styrenix Performance Materials — Q1 FY2024-25 Earnings Presentation on 6ix