Balaji Amines Limited · NSE:BALAMINES
Balaji Amines — Q1 FY2024 Earnings Presentation
40 slides from Balaji Amines's earnings presentation, Sep 2, 2023
Slide 1: Exchange filing cover letter: Investor Presentation on Q1FY24 results
2nd September, 2023 To, The General Manager-Department of The Manager-Listing Department, Corporate Services, National Stock Exchange of India Limited, BSE Limited, "Exchange Plaza", 5th Floor, Phiroze Jeejeebhoy Towers, Plot No.C/1, G Block, Bandra-Kurla Complex, Dalal Street, Mumbai - 400 001. Ban
Slide 2: Investor Presentation - September 2023
Investor Presentation - September 2023
Slide 3: Disclaimer
Disclaimer This presentation and the accompanying slides (the “Presentation”), which have been prepared by Balaji Amines Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securiti
Slide 4: Results Highlights
Results Highlights About Us Hotel Division Financial Performance Moving towards Growth Prospects
Slide 5: Q1FY24: Financial Highlights (Q-o-Q)
Q1FY24 : Financial Highlights (Q-o-Q) Revenue (Rs. Crore) EBITDA (Rs. Crore) PAT (Rs. Crore) EBITDA & PAT Margin Consolidated 476.90 469.32 103.69 67.68 20.7% 22.1% 98.63 55.21 14.4% 11.6% Q4FY23 Q1FY24 Q4FY23 Q1FY24 Q4FY23 Q1FY24 Q4FY23 Q1FY24 Revenue (Rs. Crore) EBITDA (Rs. Crore) PAT (Rs. Crore)
Slide 6: Q1FY24: Financial Highlights (Y-o-Y)
Q1FY24 : Financial Highlights (Y-o-Y) Revenue (Rs. Crore) EBITDA (Rs. Crore) PAT (Rs. Crore) EBITDA & PAT Margin Consolidated 674.86 219.48 148.04 32.5% 469.32 21.9% 22.1% 103.69 67.68 14.4% Q1FY23 Q1FY24 Q1FY23 Q1FY24 Q1FY23 Q1FY24 Q1FY23 Q1FY24 Revenue (Rs. Crore) EBITDA (Rs. Crore) PAT (Rs. Crore
Slide 7: Q1FY24 Performance Highlights
Q1FY24 Performance Highlights Revenue from Operations for Q1FY24 stood at ₹ 469.32 crore, as compared to ₹ 674.86 crore in Q1FY23. Total volumes stood at 26,820 MT for Q1FY24 as against 27,358 MT in Q1FY23. • Amines volumes stood at 6,757 MT • Amines Derivatives volumes stood at 8,288 MT • Specialty
Slide 8: Phase-2 Expansion Plans at our 90-acre Greenfield Project (Unit IV)
Phase-2 Expansion Plans at our 90-acre Greenfield Project (Unit IV) n-Butylamine Methylamines Dimethyl Ether • We plan to undertake capex for a new • Market Leader in Methylamines • Dimethyl Ether (DME) with a Capacity of product, namely n-Butylamine having production in India with installed 1,00,00
Slide 9: Standalone Statement of Profit & Loss
Standalone Statement of Profit & Loss Particulars (in Rs. Crore) Q1FY24 Q1FY23 Y-o-Y FY23 FY22 Y-o-Y Total Revenue 341.52 517.47 -34.00% 1,736.04 1,939.06 -10.47% Raw Material 202.30 278.33 1,005.11 1,073.06 Employee expense 15.42 24.85 80.19 93.48 Other expenses 67.91 81.74 311.37 313.17 EBITDA 55.
Slide 10: Consolidated Statement of Profit & Loss
Consolidated Statement of Profit & Loss Particulars (in Rs. Crore) Q1FY24 Q1FY23 Y-o-Y FY23 FY22 Y-o-Y Total Revenue 469.32 674.86 -30.46% 2,370.64 2,337.60 1.41% Raw Material 256.06 319.24 1,245.79 1,222.52 Employee expense 17.86 26.22 85.13 96.64 Other expenses 91.71 109.92 415.36 381.05 EBITDA 10
Slide 11: About Us
Results Highlights About Us Hotel Division Financial Performance Moving towards Growth Prospects
Slide 12: Amines Industry – Unique but Critical Industry with growth potential
Amines Industry – Unique but Critical Industry with growth potential The size of Aliphatic Amines industry globally The consumable nature of demand and the is $4.9 billion. Globally, the Amine industry is oligopolistic nature of the industry, results in oligopolistic with two-three producers a stron
Slide 13: Balaji Amines Ltd – A Leading player in Aliphatic Amines in India
Balaji Amines Ltd – A Leading player in Aliphatic Amines in India State-of-the-art Forward integrated manufacturing suite of products Largest manufacturer of Aliphatic Amines in facilities fully equipped with latest DCS 30+ Product Downstream products added based on strength of amine manufacturing w
Slide 14: Our Products are supplied to India's fast-growing Industries
Our Products are supplied to India’s fast-growing Industries Industry Wise - Revenue Breakup 3% 4% 3% 4% 3% 2% 4% 51% 26% Pharma Agrochem Paints & Resins Animal Feeds Oil & Gas Rubber Cleaning Chemicals Water Treatment Chemicals Dye and Textiles Others 13
Slide 15: Highly Experienced Management Team
Highly Experienced Management Team Mr. A. Prathap Reddy Mr. D. Ram Reddy Mr. N. Rajeshwar Reddy Mr. A. Srinivas Reddy Executive Chairman Managing Director Whole Time Director Whole Time Director & CFO • Civil Engineer by Education. • 36 years of experience across • B. Com. Over 46 years of • Post Gr
Slide 16: Diversified Product Portfolio
Diversified Product Portfolio Particulars Amines Amine Derivatives Specialty & Other Chemicals • Aliphatic Amines find increasing • Amine Derivatives are used to make consumption and applications in a further salts and other complex chemical • Albeit a small and fast growing segment Chemically matur
Slide 17: Clientele
Clientele Amines Amine Derivatives Specialty & Other Chemicals 16
Slide 18: Well positioned Business Model aimed at Sustainable growth
Well positioned Business Model aimed at Sustainable growth Focus towards high-value derivatives and Develop new indigenous technology for specialty chemicals with an aim to move up manufacturing products leading to lowering in the value-chain with vertical integration manufacturing costs & improving
Slide 19: Key Products (Current & Proposed) in Portfolio
Key Products (Current & Proposed) in Portfolio Product Existing Installed Capacity Proposed Capacity Application Areas Methyl Amine 48,000 40,000 Pharma, Agro, Dye & Rubber Ethyl Amine 22,500 - Pharma, Agro, Dye & Rubber DMAHCL / DMAC 31,000 7,500 Pharma Choline Chloride 60% (Corn Cob) 6,000 - Anima
Slide 20: We are Global suppliers – a significant validation of our Capabilities
We are Global suppliers – a significant validation of our Capabilities • UK • Japan • US • Turkey • Argentina • Finland • Canada • Indonesia • Israel • Switzerland • India • Sri Lanka • Pakistan • Russia • Bangladesh • Malaysia • Oman • Singapore • Germany • Bahrein • Italy • Jordan • Egypt • Guatem
Slide 21: Awards & Certificates – A Testimony of our capabilities
Awards & Certificates – A Testimony of our capabilities ISO Certificate Two Star Export House ISO Certificate BEST CEO (CHEMICAL INDUSTRY) AWARD TO SHRI ANDE PRATHAP REDDY BY BUSINESS TODAY GROUP 02.05.2023 ISO 9001 : 2015 Certificate Certificate of Merit - CHEMEXCIL First Award - CHEMEXCIL WHO GMP
Slide 22: Awards & Certificates – A Testimony of our capabilities
Awards & Certificates – A Testimony of our capabilities Product Innovator of the Year Distinguished Contribution in the Excellent CSR in Water Mahatma Award for Sustainable and in Chemicals – 2018 Indian Chemicals Industry Conservation Responsible Business Practice from Aditya Birla Group 1st Octobe
Slide 23: We are Growing…Sustainably and Consistently
We are Growing…Sustainably and Consistently “Long-Term Issuer Rating upgraded to ‘IND AA’ from ‘IND AA-’ by India Ratings and Research (Ind-Ra) .” The ratings process highlighted the following factors:- • Largest manufacturer of aliphatic amines and their derivatives in India • Sole producer for a f
Slide 24: High entry barrier Business – Paving way for Sustainable growth
High entry barrier Business – Paving way for Sustainable growth Complex manufacturing process Niche product offering with high High fixed costs, with fixed asset requiring high levels of lead time in customer approvals turns hovering in the range of 1.5- technological know-how. Efficient 2x. Optimum
Slide 25: Well positioned Business Model aimed at Sustainable growth
Well positioned Business Model aimed at Sustainable growth Value-Added Products Applicability in Solvents segment Capex towards high-value derivatives and specialty chemicals will materialize into higher 01 Solvents account for 80%-90% of the mass utilised in a typical pharmaceutical chemical 05 rev
Slide 26: Greenfield Project to fuel growth and add Revenue Visibility
Greenfield Project to fuel growth and add Revenue Visibility Strategically Project Accorded Project Capex Product Profile Indigenous New Products = 1st High Demand for Located Plant Mega Project Status Technology mover advantage Products Environmental In Phase-1 of Project cost of Dimethyl Ether Pla
Slide 27: Balaji Speciality Chemicals – Production commenced in FY20
Balaji Speciality Chemicals – Production commenced in FY20 Balaji Speciality Chemicals Limited (BSCL) is Manufacturing products such as Ethylene Diamine 01 (EDA), Piperazine Anhydrous (PIP) , Di Ethylene Tri 04 BAL owns 55% in subsidiary Balaji Speciality Amine (DETA), Amino Ethyl Ethanol Amines (AE
Slide 28: R&D led Investments to provide significant early mover advantage
R&D led Investments to provide significant early mover advantage New Products Optimization Integration Continuous efforts to optimize Backward and forward Identification of new products utilization of energy, utilities & integration of products to and development of latest raw materials consumption
Slide 29: Hotel Division
Results Highlights About Us Hotel Division Financial Performance Moving towards Growth Prospects
Slide 30: Balaji Sarovar Premiere – Best in class Business Hotel in Solapur
Balaji Sarovar Premiere – Best in class Business Hotel in Solapur • Commenced Operations in October 2013 Hotel Balaji Sarovar Premier is the only 5 star hotel in Solapur • Invested Rs. 110 crore in the Hotel Project via mix of Debt and Equity • Tied up with Sarovar Group for the Management of the Ho
Slide 31: Balaji Sarovar Premiere – FY23 Operating Matrix
Balaji Sarovar Premiere – FY23 Operating Matrix Constitutes 129 Rooms 1.52% of Negligible Routine Capex incurred Rs. 3,925 ARR Total Revenue 69% Occupancy RS. 2,713 Rate RevPAR Renowned Five Star Hotel In the City of Solapur ARR : Average Room Revenue RevPAR: Revenue per Available Room 30
Slide 32: Financial Performance
Results Highlights About Us Hotel Division Financial Performance Moving towards Growth Prospects
Slide 33: Consolidated Performance Highlights
Consolidated Performance Highlights Revenue (Rs. Crs.) EBITDA (Rs. Crs) PAT (Rs. Crs.) +26% 2,338 2,371 +34% 637 624 +36% 418 406 1,318 379 244 943 941 193 186 117 97 2019 2020 2021 2022 2023 2019 2020 2021 2022 2023 2019 2020 2021 2022 2023 EBITDA Margin (%) PAT Margin (%) RoE (%) 28.8% 27.3% 18.5%
Slide 34: Strong Core ROCE Profile
Strong Core ROCE Profile Particulars (Rs. Crs.) FY22 FY23 Consolidated Debt 100.64 57.57 ▪ For FY22, investments made to the tune of Rs. 145.54 crore for Unit Consolidated Networth 1,314.86 1,698.16 4’s DMC plant and Unit 3’s power plant is not considered, as the Total Capital Employed 1,415.50 1,75
Slide 35: Consistent Dividend Payout
Consistent Dividend Payout 500% 300% 200% 140% 160% FY19 FY20 FY21 FY22 FY23 Particulars (Rs. per share) FY19 FY20 FY21 FY22 FY23 Consolidated Book Value 182.71 206.28 280.83 405.81 524.11 Consolidated EPS 36.27 32.34 73.52 113.71 110.47 Dividend 2.80 3.20 4.00 6.00 10.00 34
Slide 36: Moving towards Growth Prospects
Results Highlights About Us Hotel Division Financial Performance Moving towards Growth Prospects
Slide 37: Balaji Amines Ltd - Progressing steadily
Balaji Amines Ltd - Progressing steadily Increased capacity Ramp up in production Greenfield Unit 4 : utilization & capacity at Subsidiary Plant Capex Phase – 2 & 3 additions of Phase – 1 capex Expansion and commercialization of Ramp up in manufacturing of 90-acre project in MIDC Chincholi to Higher
Slide 38: ESG & CSR Initiatives
ESG & CSR Initiatives Donation Of Rs Distribution Of 1.25 Crores For RO Plant To Renovation Of Ganesh Naik Punyashlok Primary Ahilyadevi Holkar School, Prasuti Gruh Solapur Solapur (Maternity Dt. 03.01.2023 Hospital) Dt. 08.02.2023 Constructed Construction of Ladies And Gents Class Rooms at Toilet B
Slide 39: ESG & CSR Initiatives
ESG & CSR Initiatives Distribution Of Distribution Of Flour Mill (Atta Oxygen Chakki) To Concentrator 12 Women’s Nos To Taluka Organisation Arogya Adhikari Dt. 12.08.2022 Tuljapur Dt 22.06.2022 Distribution Of Distribution Of Computer - 2 School Benches To Nos To Zilla Parishad Z.P.Primary Aadarsh P
Slide 40: Thank You
Thank You For further information, please contact: Company : Investor Relations Advisors : Orient Capital (a division of Link Group) Mr. Bhavya Shah Balaji Amines Ltd. +91 8082748577 CIN - L24132MH1988PLC049387 bhavya.shah@linkintime.co.in Email - cs@balajiamines.com Mr. Rajesh Agrawal +91 99674 914