Ddev Plastiks Industries Limited · NSE:DDEVPLSTIK
Ddev Plastiks Industries — Q3 FY2025 Earnings Presentation
40 slides from Ddev Plastiks Industries's earnings presentation, Feb 10, 2025
Slide 1: Outcome of Board Meeting cover letter
DDEV PLASTIKS Date: 10" February, 2025 To To The Manager, The Manager Listing Department, Listing Department BSE Limited, National Stock Exchange of India Ltd, P.J. Towers, Dalal Street, Exchange Plaza, Mumbai — 400 001 Bandra Kurla Complex, Bandra (East), Mumbai— 400051 Scrip Code: 543547 Scrip Cod
Slide 2: Leading Manufacturer Of Compounds - Earning Presentation 3QFY25
Leading Manufacturer Of Compounds Earning Presentation 3QFY25 Visit Our Website www.ddevgroup.in
Slide 3: Disclaimer
Disclaimer This presentation contains statements that contain “forward looking statements” including, but without limitation, statements relating to the implementation of strategic initiatives, and other statements relating to Ddev Plastiks Industries Ltd.'s (“Ddev Plastiks” or “the Company”) future
Slide 4: Ddev Plastiks: Now listed on NSE
Ddev Plastiks : Now listed on NSE Listing date: 15th January 2025 || NSE Scrip Symbol: DDEVPLSTIK 3
Slide 5: About Us
About Us 5-10
Slide 6: India's Largest Manufacturer of Polymer Compounds
Ddev Plastiks : India’s Largest Manufacturer of Polymer Compounds o 4 Decade of Operations – current capacity 2,33,400 MTPA (as of Dec, 2024). 9MFY25 Financial Performance o 5 manufacturing units with state-of-the art machinery, infrastructure, equipment, and R&D facilities. Rs.1,867 cr 19% o Divers
Slide 7: 3MFY25 Management Commentary
3MFY25 Management Commentary Commenting on the Performance, Narrindra Suranna, Chairman and Managing Director said: “I am pleased to share that Ddev Plastiks has delivered a strong performance in 3QFY25. Our revenue stood at INR 661 crore, with an EBITDA of INR 75 crore, with a 11% EBITDA margin. Ou
Slide 8: Our Business Value
Our Business Value Ability to scale quickly on back of manufacturing capability and capacity to deliver high quality products. Input Process Output PVC Resin Polymer Sourcing Raw Material Serving Customers across • PVC Resin Heating sectors • Polymer Sourcing of raw materials • Wire and Cable Compou
Slide 9: Key USP's
Key USP’s 01 02 03 Operating in five high growth Diversified Revenue Structure; Multi-location setup minimizing categories. Leading supplier of cable compounds in transportation costs. India 04 05 06 Strong R&D Infrastructure. Customisation of products with Highly competitive globally. 200+SKU’s. 8
Slide 10: Operating in 5 High Growth Categories with 200+ SKUs
Operating in 5 High Growth Categories with 200+SKU’s ❑ Niche Product with high margin ❑ Widely used in Wire & Cable Industry, Construction Industry ❑ Mostly used in White Goods ❑ Global polymer compounding & FMEG Industry market is expected to reach ❑ High growth potential with USD 115bn by FY30 ver
Slide 11: Largest Supplier of Cable Compounds in India
Largest Supplier of Cable Compounds in India Revenue by Geography (INR Cr) Revenue distribution by sector (%) Overseas 21% Others Packaging INR 3% 12% 1,867 Revenue India Distribution 79% according to Sales 9MFY25 top three sectors Revenue by Product Category (INR Cr) Wires and Others Cable Poly Vin
Slide 12: Investment Thesis
Investment Thesis 12-25
Slide 13: Renewables has emerged as the new unprecedented catalyst
Renewables has emerged as the new unprecedented catalyst Polymer compounding is a preferred material to electrical industry due to properties such as electrical insulation, corrosion inhibition, excellent heat resistance, high tensile and durability and low density. 50% Indian Cable and Wire 817 GW
Slide 14: Sectoral Tailwinds to support growth
Sectoral Tailwinds to support growth Demand Global Polymer Compounding Market Growth (in USD bn) Government Polices • National Infrastructure Pipeline • Urbanization • Har Ghar Bijlee • Changing consumer behavior 115 • Capex cycle uptick • Increasing per capita income • Electrification • Premiumizat
Slide 15: Powering the Future: Key Drivers of Cable & Wire Growth
Powering the Future: Key Drivers of Cable & Wire Growth Factors driving growth in the cables segment Segments ▪ Investments in power transmission and distribution ▪ Capacity addition in solar and wind energy Power Cables ▪ Smart cities mission ▪ Increasing investments in Railways for electrification
Slide 16: Strategically located manufacturing capabilities
Strategically located manufacturing capabilities Installed India's Largest Polymer Compound Manufacturer with Installed Name of the Plant Products manufactured Capacity (MTPA) capacity of 2,33,400 MT as of Dec ‘24 • Anti fibrillation Compound 12,000 Dhulagarh – West Bengal • Sioplas & Semicon 15,000
Slide 17: Profit 6x in 5 years: Focus on High Margin Products
Profit 6x in 5 years: Focus on High Margin Products Net Revenue (INR Cr) EBITDA (Rs Cr) & EBITDA Margin % CAGR ~4,500-5,000 CAGR 282 9% 36% 12% 208 186 2,504 2,431 128 11% 2,227 1,867 7% 1,711 1,534 6% 82 5% 74 5% FY20 FY21 FY22 FY23 FY24 9MFY25 FY30 FY20 FY21 FY22 FY23 FY24 9MFY25 EBITDA EBITDA Mar
Slide 18: Focus on shareholder value creation
Focus on shareholder value creation Margins (%) PAT (INR cr) and EPS (INR per share) 182 20% 19% 133 14% 13% 13% 13% 12% 104 11% 7% 6% 7% 55 5% 5% 7% 4% 27 21 2% 17.56 2% 1% 11.07 12.93 2.93 2.25 5.82 FY20 FY21 FY22 FY23 FY24 9MFY25 FY20 FY21 FY22 FY23 FY24 9MFY25 Gross Margin EBITDA Margin PAT Marg
Slide 19: Strong Balance Sheet to support future growth
Strong Balance Sheet to support future growth Net-worth (INR cr) Leverage Ratios 737 1.3 1.2 660 494 0.7 392 316 337 0.3 0.3 0.2 0.2 0.1 0.0 0.0 -0.1 FY 20 FY 21 FY 22 FY 23 FY 240.0 1HFY25 FY20 FY21 FY22 FY23 FY24 1HFY25 Net Debt / Equity Net Debt / EBITDA • Strong Balance to support capex plans to
Slide 20: Pioneering Product Launches Powered by Extensive R&D
Pioneering Product Launches Powered by Extensive R&D • Started manufacturing of Anti • Received Third Party Track (Track Resistant) approval for India’s first • Started Compound suitable for 36 KV. It locally produced Water • R&D on producing • Next focus going manufacturing PE will find big demand
Slide 21: Enhancing Profitability Through Better Realizations
Enhancing Profitability Through Better Realizations Significant Growth: EBITDA Per Ton Increased by 3x in the Last 5 Years Revenue Per Ton EBITDA Per Ton *In Rs *In Rs 16,909 15,267 15,599 1,73,887 13,891 1,59,044 12,897 1,45,830 1,34,254 1,30,156 1,37,705 1,22,947 1,23,628 9,134 5,910 5,995 FY 20 F
Slide 22: Annual Operational Performance
Annual Operational Performance Particulars FY21 FY22 FY23 FY24 9MFY25 Antifab Installed Capacity 50,000 36,000 36,000 20,500 20,500 % Utilization 55% 96% 76% 111% 90% PVC Compounds 44,000 44,000 44,000 44,000 44,000 % Utilization 54% 42% 48% 57% 62% Sioplas/XLPE/Semicons 1,28,500 1,42,500 1,42,500 1
Slide 23: Quarterly Operational Performance Trend
Quarterly Operational Performance Trend FYE March, 3QFY24 1QFY25 2QFY25 3QFY25 Antifab Installed Capacity 36,000 20,500 20,500 20,500 % Utilization 58% 85% 95% 89% PVC Compounds Installed Capacity 44,000 44,000 44,000 44,000 % Utilization 53% 63% 57% 67% Sioplas/XLPE/Semicons Capacity 1,42,500 1,61,
Slide 24: Expanding XLPE Capacity: A Strategic Choice
Expanding XLPE Capacity: A Strategic Choice Enhanced Safety and Temperature Mechanical Strength Chemical Resistance Accuracy Resistance ❑ XLPE cables offer superior ❑ They are highly resistant to ❑ XLPE cables possess strong ❑ They exhibit excellent electrical insulation, improving temperature fluct
Slide 25: Penetrating in India and overseas markets
Penetrating in India and overseas markets Geographical revenue structure (INR cr) Leading supplier across sectors 1823 1472 1187 1063 968 905 787 Power Oil & Gas Construction Non-Metal 671 608 349 394 267 FY20 FY21 FY22 FY23 FY24 9MFY25 Revenue from International Business Revenue from Domestic Busin
Slide 26: Key Priorities: Our Focus Areas
Key Priorities: Our Focus Areas ⮚ R&D on producing PV compounds of 132kv. Moving up the value chain ⮚ Going upto 220kv in the future. Volume Growth ⮚ Awaiting under writers approval for direct exports to Americas. ⮚ Tapping newer geographies. Margin Expansion Entering new geographies ⮚ Increasing th
Slide 27: Financials
Financials 27-30
Slide 28: 3QFY25 Key Result Highlights
3QFY25 Key Result Highlights Revenue (INR Cr) EBITDA (INR Cr) 19% 19% YoY YoY 75 661 • In the fiscal, we experienced strong demand from the Cables segment, and our ongoing efforts to shift the product 554 63 mix towards niche and high-voltage products led to better growth in volumes led by demand fr
Slide 29: 3Q & 9MFY25 Financial Performance
3Q & 9MFY25 Financial Performance Particulars (INR in Cr) 3QFY25 3QFY24 YoY(%) 2QFY25 QoQ(%) 9MFY25 9MFY24 YoY(%) Revenue from Operations 661 554 19% 580 14% 1,867 1,834 2% EBITDA 75 63 19% 68 10% 208 190 9% EBITDA Margin % 11% 11% -5bps 12% -40bps 11% 10% 76bps Depreciation 4 3 13% 4 7% 11 10 9% Ea
Slide 30: Historical Income Statement
Historical Income Statement Particulars (INR in Cr) FY 21 FY 22 FY 23 FY24 9MFY25 Revenue from Operations 1,534 2,227 2,504 2,431 1,867 Gross Profit 199 291 355 475 350 EBITDA 74 128 186 282 208 EBITDA Margin % 5% 6% 7% 12% 11% Depreciation 11 12 12 14 11 Earnings Before Interest & Tax 64 116 174 26
Slide 31: Historical Balance Sheet
Historical Balance Sheet Particulars (INR in Cr) FY 22 FY 23 FY24 1HFY25 Particulars (INR in Cr) FY 22 FY 23 FY24 1HFY25 (a) Equity Share Capital 9 9 10 10 Non-Current Assets (b) Other Equity 382 485 650 726 Tangible Assets 206 225 231 237 Total Equity 392 494 660 737 Other Intangible Assets 0 0 0 0
Slide 32: Annexures
Annexures 32-38
Slide 33: Major Milestones Achieved
Major Milestones Achieved • Set up of Engineering Plastic Compounding 2017 unit at Daman • Started manufacture of PE Compounds for Diversification 66-72 KV over the years 2014 Setting up of XLPE Compounding facility at Surangi, Setting up a new factory at Silvassa for PE/PP Dadra & Nagar Haveli 2018
Slide 34: Experienced Board of Directors
Experienced Board of Directors Mr. Narrindra Suranna Mr. Ddev Surana Chairman & Managing Director Whole Time Director and CEO • Associated with Company since inception. Wide • Dynamic business leader and key driving force of Company. experience in Plastic Industry, Company has • B.Com (Hons.) from S
Slide 35: Leadership Team
Leadership Team Mr. Arihant Bothra Ms. Tanvi Goenka Chief Financial Officer Company Secretary • He is an Associate member of Institute of Chartered • She is a graduate in commerce and has received her Accountants of India and an IIM Calcutta Alumni. Vast membership of Institute of Company Secretarie
Slide 36: Accreditations and Industry Recognition
Accreditations and Industry Recognition ISO Certificates KEMA Approval CPRI Approval CACT Approval VDE Approval XLPE ROHS TESTS POWERGRID Approval UL Approval NTPC ERDA NFC French Labs PVC ROHS REACH TESTS (3.3kv insulations) 01 www.ddevgroup.in | 35
Slide 37: Sustainability at the Core
Sustainability at the Core Undertaken the CSR Initiative of providing Distributed balanced nutrition food to School Planted over 500 trees Nutrition Supplement to TB patients in Students at Surangi Govt. High School at manufacturing units and schools Surangi Village. Installed 1MW Solar Power Panels
Slide 38: Diversified Customers - Domestic
Diversified Customers - Domestic Top clientele constitutes of prominent domestic and global companies Well established relationships with renowned clientele provide stability to revenues and drive business going forward 01 37
Slide 39: Diversified Customers - Exports
Diversified Customers - Exports 38
Slide 40: For further information, please get in touch with
For further information, please get in touch with Saloni Ajmera Tanvi Goenka, CS Go India Advisors Ddev Plastiks Industries Ltd Tel: +91-99305 77801 Email: tanvi.goenka@ddevgroup.in Email: saloni@goindiaadvisors.com Sheetal Khanduja Go India Advisors Arihant Bothra, CFO Tel: +91-97693 64166 Ddev Pla
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