Epigral Ltd · NSE:EPIGRAL
Epigral — Meghmani Finechem — Q1 FY2022 Earnings Presentation
18 slides from Epigral's earnings presentation, Aug 18, 2021
Slide 1: Exchange filing cover letter for Q1 FY22 earnings presentation
MEGHMANI FINECHEM LTD. Regd. Office: CH/1, CH/2, GIDC Industrial Estate, Dahej, Tai. Vagra, Bharuch - 392 130. Gujarat, (INDIA) Phone: +91- 635 9953661/62/63/64/65, E-mail : helpdesk@meghmani.com, URL: www.meghmani.com GIN: U24100GJ2007PLC051717 18/08/2021 National Stock Exchange ofindia Limited BSE
Slide 2: Q1 FY22 Earnings Presentation
MEGHMANI FINEHCEM LIMITED Q1 FY22 Earnings Presentation
Slide 3: Disclaimer
Disclaimer This presentation and the accompanying slides (the “Presentation”), which have been prepared by Meghmani Finechem Limited (the “Company”) solely for the information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities and shall
Slide 4: Company Overview
Company Overview The Next Gen Business Founded: 21% 16% 2007 4 Year Revenue CAGR 4 Year EBITDA CAGR Employees: 0.8x 16% 700+ Debt to Equity (FY21) ROCE (FY21) 2,000 Capacity: Chlor-Alkali – 315 KTPA Revenue from operations (₹ Crores) Derivatives – 110 KTPA 829 710 Captive Power Plant: 598 611 392 96
Slide 5: What are we into
What are we into ESG Focus Our Business o Leading producer of Chlor- o Strong focus on sustainability - alkali products and value awarded with the ‘Responsible Care’ added derivatives Logo by ICC Strategic Location Competitive Advantage o State of the art manufacturing o Domestically produced ECH an
Slide 6: Key Highlights
Key Highlights Operational Highlights: o Achieved highest ever capacity utilisation across divisions, despite a challenging operating environment on account of covid second wave o H2O2 plant reached 75% capacity utilisation in Q1FY22 in the very 2nd year of operation o On YoY, ECU realisation for Ca
Slide 7: CMD Message
CMD Message The listing of MFL as a separate entity is a key milestone in our journey towards sustainable and long term value creation. We at MFL have a singular focus of creating a world-class chemicals company with strong focus on sustainability. Our highly capable management team and our motivate
Slide 8: Operational Overview
Operational Overview Production(‘000 MT) Capacity Utilisation 64 108% 85% 87% 88% 86% 75% 36 59% 11 14 11 3 5 - 0 Casutic Soda Caustic Potash Chloromethanes Hydrogen Caustic Soda Caustic Potash Chloromethanes Hydrogen Peroxide Peroxide Q1FY21 Q1FY22 Q1FY21 Q1FY22 *Annualized o Higher capacity utilis
Slide 9: Operational Overview – ECU and sales realisation
Operational Overview – ECU and sales realisation Change in ECU and Sales Realization % Change in ECU and Sales Realization % YoY QoQ 36% 40% 16% 12% 8% - -6% -2% Caustic Soda - ECU Caustic Potash - Chloromethanes Hydrogen Caustic Soda - ECU Caustic Potash - Chloromethanes Hydrogen ECU Peroxide ECU P
Slide 10: Q1FY22 Financial Highlights
Q1FY22 Financial Highlights Revenue & Gross Margin EBITDA & EBITDA Margin PAT & PAT Margin 52.2% 54.0% 50.1% 29.9% 31.1% 31.9% 291 92 12.9% 12.7% 12.7% 259 80 33 37 139 41 18 Q1 FY21 Q4 FY21 Q1FY22 Q1 FY21 Q4 FY21 Q1 FY22 Q1 FY21 Q4 FY21 Q1 FY22 o YoY sales increased by 111% YoY driven by higher sal
Slide 11: Key Ratios
Key Ratios ROCE (%) ROE (%) Debt*/EBITDA (x) 3.3 24.8% 22.3% 2.2 16.0% 14.3% Q1FY21 Q1FY22 Q1FY21 Q1FY22 Q1FY21 Q1FY22 All the above ratios are annualized. * Debt includes working capital o ROCE% and ROE% improved on account of increase in ECU realization and sales realization of Chloromethanes and
Slide 12: Long Term Debt maturity profile as on 30.06.21
Long Term Debt maturity profile as on 30.06.21 Long Term Debt *– ₹ 739 Cr 35% ₹ 124 Cr ₹ 132 Cr ₹ 129 Cr ₹ 71 Cr ₹ 26 Cr 17% 18% 17% 10% 4% 1 Year 2 Years 3 Years 4 years 5 Years > 5 years *Includes preference shares of Rs. 211 Cr reclassified as debt according to Scheme of Arrangement Above does no
Slide 13: Chlor-Alkali vs Derivatives (CMS and H2O2)
Chlor-Alkali vs Derivatives (CMS and H2O2) Diversification on Track; Business Model being De-Risked 25% 32% Q1FY21 Q1FY22 ₹ 138 Cr ₹ 290 Cr 68% 75% Chlor-Alkali Derivatives 12 | MEGHMANI FINECHEM LIMITED
Slide 14: Focused on Sustainable Operations
Focused on Sustainable Operations Strong ESG Focus Our Sustainability Standards Employee & Community Care MFL’s upcoming ECH plant is India’s first plant to run on 100% renewable sources. o We support, develop and inspire our people to achieve their personal best and treat them with dignity and MFL
Slide 15: Income Statement
Income Statement Particulars (₹ Cr) Q1FY22 Q1FY21 % Change Q4FY21 % Change FY21 Revenue from Operations 290 138 111% 259 12% 829 Gross Profit 145 72 102% 140 4% 443 Gross Margin (%) 50.1% 52.2% 54.0% 53.5% EBITDA 92 41 124% 80 15% 261 EBITDA Margin (%) 31.9% 29.9% 31.1% 31.5% Depreciation 21 11 96%
Slide 16: Historic Income Statement
Historic Income Statement Particulars (₹ Cr) FY17 FY18 FY19 FY20 FY21 Total Revenue 393 602 720 613 831 Gross Profit 167 359 455 335 443 Gross Margin (%) 43% 60% 64% 55% 53% EBITDA 144 255 312 194 261 EBITDA Margin (%) 37% 43% 44% 32% 32% Depreciation 55 55 54 44 74 Finance Cost 14 9 25 11 29 PBT 75
Slide 17: Historic Balance Sheet
Historic Balance Sheet Assets (₹ Cr) FY19 FY20 FY21 Liabilities (₹ Cr) FY19 FY20 FY21 Fixed Assets 763 1,131 1,228 Share Capital 41 42 42 Financial Assets 5 4 10 Reserves & Surplus 452 542 643 Other Non-current Assets 22 5 29 Long-Term Borrowings 365 418 340 Inventories 41 48 54 Long-term Provisions
Slide 18: About Us and Investor Contact
About Us and Investor Contact Meghmani Finechem Limited (“MFL”), incorporated in 2007, is a leading manufacturer of Chlor-Alkali products and value-added derivatives. The company has state of the art manufacturing facilities in Gujarat, Dahej – a leading PCPIR region in the country. MFL’s Dahej faci