Chemplast Sanmar Limited · NSE:CHEMPLASTS
Chemplast Sanmar — Q4 FY2022 Earnings Presentation
42 slides from Chemplast Sanmar's earnings presentation, May 11, 2022
Slide 1: Cover letter to stock exchanges
May 11, 2022 To, To, BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, Bandra Kurla Complex Dalal Street, Mumbai – 400 001 Mumbai – 400 050 Scrip Code - 543336 Scrip Symbol - CHEMPLASTS Subject: Investor Presentation Please find enclosed copy of Investor
Slide 2: Chemplast Sanmar Ltd. Investor Presentation – May 2022
Chemplast Sanmar Ltd. Investor Presentation – May 2022
Slide 3: Safe Harbour
Safe Harbour Chemplast Sanmar Limited This presentation and the accompanying slides (the “Presentation”), which have been prepared by Chemplast Sanmar Ltd. (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or
Slide 4: Q4 & FY22 Highlights
Q4 & FY22 Highlights
Slide 5: Business Highlights
Business Highlights Chemplast Sanmar Limited Key highlights Q4FY22 FY22 In FY22, revenues grew at a healthy rate owing to strong volume off-take and higher realisation across all key products - Specialty Paste PVC resin, Revenues Rs. 1,807 cr | 35% YoY growth Rs. 5,892 cr | 55% YoY growth Suspensi
Slide 6: MD's Message
MD’s Message Chemplast Sanmar Limited We delivered a very strong fiscal year 2022 marked by an important milestone in our history, our IPO. Our focus on consistently delivering outstanding operational results, combined with our dedication to strengthening our balance sheet, has helped us advance our
Slide 7: Product group-wise Volumes & Revenues: Q4 & FY '22
Product group-wise Volumes & Revenues: Q4 & FY ‘22 Chemplast Sanmar Limited In mt Sales Volume Q4 FY22 Q4 FY21 Y-o-Y FY22 FY21 Y-o-Y Specialty Chemicals 22,109 17,241 28% 65,841 63,231 4% Non-Specialty Chemicals 40,521 31,835 27% 1,46,652 1,05,060 40% Suspension PVC 87,523 77,507 13% 2,99,268 2,73,2
Slide 8: Performance Highlights: Q4 & FY '22
Performance Highlights: Q4 & FY ‘22 Chemplast Sanmar Limited In Rs. Cr Total Revenues EBITDA PAT 35% 26% 19% 13% 13% Margin Quarterly 1,807 1% 1,342 344 346 29% ++ 232 179 Q4FY21 Q4FY22 Q4FY21 Q4FY22 Q4FY21 Q4FY22 22% 20% 8% 11% Margin 55% 5,892 40% Financial Year 109% 1,197 3,799 649 855 # ++ 310 F
Slide 9: Consolidated Profit & Loss Account (Proforma)
Consolidated Profit & Loss Account (Proforma) Chemplast Sanmar Limited Particulars (Rs. In Cr) Q4 FY22 Q4 FY21 Y-o-Y FY22 FY21 Y-o-Y Revenue from Operations 1,807 1,342 35% 5,892 3,799 55% Cost of Goods Sold 1,205 797 3,714 2,229 Employee Cost 29 25 120 114 Other Expenses 226 177 862 601 EBITDA 346
Slide 10: Stand-alone Profit & Loss Account
Stand-alone Profit & Loss Account Chemplast Sanmar Limited Particulars (Rs. In Crs) Q4 FY22 Q4 FY21 Y-o-Y FY22 FY21 Y-o-Y Revenue from Operations 649 414 57% 2,012 1,289 56% Cost of Goods Sold 277 135 700 427 Employee Cost 18 19 77 77 Other Expenses 162 116 607 393 EBITDA 191 143 33% 628 391 60% EBI
Slide 11: Company Overview
Company Overview
Slide 12: Chemplast Sanmar: Leading Chemical Manufacturer in India
Chemplast Sanmar: Leading Chemical Manufacturer in India… Chemplast Sanmar Limited #1 manufacturer resin in India of specialty paste PVC #1 manufacturer of S-PVC in South India and 2 largest in India nd (1) Leading player in custom manufacturing #1 manufacturer in South India of hydrogen peroxide Le
Slide 13: with a Diversified Product Portfolio
… with a Diversified Product Portfolio Chemplast Sanmar Limited Chemplast Sanmar CCVL (1) Specialty Chemicals Non-Specialty Chemicals Suspension PVC Specialty Paste PVC resin Custom manufacturing Caustic soda Hydrogen Chloromethanes peroxide Irrigation Auto Agrochemicals End user Footwear upholstery
Slide 14: Specialty Paste PVC Resin
Specialty Paste PVC Resin Chemplast Sanmar Limited Industry Overview Company Overview 143 ktpa Indian demand 9.3% #1 manufacturer of specialty paste PVC resin in India FY20 (1) CAGR (FY21-25) (1) Domestic Imports 55% 45% 66 ktpa 41 ktpa Key growth drivers Installed capacity Planned capacity addition
Slide 15: Custom Manufactured Chemicals
Custom Manufactured Chemicals Chemplast Sanmar Limited Industry Overview Company Overview Leading player in custom manufacturing US$ 6.0 bn 9.1% Setting up a multipurpose Indian market size FY21 (1) 1,068 mtpa facility in stages CAGR (FY21-25) (1) Installed capacity (Blocks 1 & 2) at Berigai Key gro
Slide 16: Non-specialty Products
Non-specialty Products Chemplast Sanmar Limited Caustic Soda Hydrogen Peroxide Chloromethanes 3.5 mn mtpa 282 ktpa 510 ktpa Indian demand Indian demand 10.3% Indian Demand 10.1% 8.2% FY21 (1) FY21(1) CAGR (FY21-25) (1) FY21 (1) CAGR (FY21-25) (1) CAGR (FY21-25) (1) Industry Key growth drivers Key gr
Slide 17: Suspension PVC (CCVL)
Suspension PVC (CCVL) Chemplast Sanmar Limited Industry Overview Company Overview 3,340 ktpa manufacturer of S-PVC in South India and 2nd largest in Indian demand in FY20(1) 7.7% CAGR (FY21-25) (1) #1 India 300 ktpa 31 ktpa Key growth drivers Debottlenecking is Installed capacity at Cuddalore underw
Slide 18: Sustainable Opportunity Across Products
Sustainable Opportunity Across Products Chemplast Sanmar Limited Entry barriers Global supply tightness Specialty Paste India is a net importer Rising demand from end user industries High PVC Import substitution opportunity Shortage of capable & reliable partners globally Custom India is
Slide 19: Legacy of Over Five Decades
Legacy of Over Five Decades Chemplast Sanmar Limited CCVL became a wholly Commencement of Expansion of Marine terminal Capacity expansion: owned subsidiary of our manufacturing of PVC production capacity of facility and EDC Plant Paste PVC to 66,000 tpa at Mettur Company; resins at Mettur PVC resins
Slide 20: Chemplast Sanmar: Key Highlights
Chemplast Sanmar: Key Highlights Chemplast Sanmar Limited Leadership position across wide array of products; Growing end-use applications; Wide and stable customer base High entry barriers Paste PVC manufacturing technology is The custom manufacturing industry has significant entry barriers, includi
Slide 21: Organizational Capabilities
Organizational Capabilities
Slide 22: Quality Manufacturing Facilities
Quality Manufacturing Facilities… Chemplast Sanmar Limited Chemplast Sanmar CCVL Location Mettur, Tamilnadu Berigai Tamilnadu Karaikal, Puducherry Cuddalore, Tamilnadu Paste PVC 66 ktpa Caustic Soda 67 ktpa Custom manufacturing Caustic soda Suspension PVC resin Capacity Hydrogen Peroxide 34 ktpa 106
Slide 23: with a High Degree of Backward Integration
… with a High Degree of Backward Integration Chemplast Sanmar Limited Mettur Plant Hydrogen Hydrogen Peroxide 34kt Caustic Imported Coal Methanol Soda 67 kt EDC Power Plant Electrolysis Paste PVC 48.5 MW VCM 70 kt 66 kt Chloromethanes Chlorine HCI HCI 35 kt Salt 400kt (Vedaranyam) Karaikal Plant Sta
Slide 24: Glance at Manufacturing Facilities
Glance at Manufacturing Facilities Chemplast Sanmar Limited Paste PVC plant, Chloromethanes plant, Custom manufacturing, Mettur, Tamilnadu Mettur, Tamilnadu Berigai , Tamilnadu Custom manufacturing, Caustic Soda manufacturing, Suspension PVC, Berigai , Tamilnadu Karaikal, Puducherry Cuddalore, Tamil
Slide 25: Strong Focus on Sustainability
Strong Focus on Sustainability Chemplast Sanmar Limited Environment Friendly Practices Health & Safety Measures Annual sustainability reports published for over a decade Zero liquid discharge policy Installation of speed Desalination plants at coastal control & safety systems facilities - avoi
Slide 26: Key Awards & Recognition
Key Awards & Recognition Chemplast Sanmar Limited Accreditations Key Awards FICCI Safety system Star Award from Sword of Sword of Excellence Award National Safety Council Honor Honor 2019 British Safety Safety Safety British Safety Council Council 2020, 2021, Cuddalore Mettur Plant-2 ECOVADIS SILVER
Slide 27: Leadership Team With Deep Domain Expertise (1/2)
Leadership Team With Deep Domain Expertise (1/2) Chemplast Sanmar Limited Vijay Sankar Chairman and Non-Executive Director • Industrialist with experience in managing several businesses • Past president of Indian Chemical Council • He is on the boards of companies such as The KCP Ltd, Oriental Hotel
Slide 28: Leadership Team With Deep Domain Expertise (2/2)
Leadership Team With Deep Domain Expertise (2/2) Chemplast Sanmar Limited Dr. Krishna Kumar Rangachari Ramkumar Shankar Deputy Managing Director - Managing Director Custom Manufactured Chemicals Division M N Bhaskaran N Krishnamoorthy Executive Director Deputy Managing Director (Head of Operations )
Slide 29: Eminent Board of Directors
Eminent Board of Directors Chemplast Sanmar Limited Vijay Sankar Ramkumar Shankar Chairman and Non-Executive Director Managing Director • Industrialist with experience in managing several businesses • Member of the CII National Committee on Chemicals and • Past president of Indian Chemical Council P
Slide 30: Way Forward
Way Forward
Slide 31: Our Strategies
Our Strategies Chemplast Sanmar Limited Expansion of the production capacities Planning to add Paste PVC capacity to benefit from structural changes in the supply side dynamics and to cement leadership position in India Planning to expand custom manufacturing capabilities to leverage our chemist
Slide 32: Capex Plans
Capex Plans Chemplast Sanmar Limited Low cost future expansion leveraging existing land and infrastructure facilities 2022 2024 2025 Suspension PVC resin Paste PVC Custom Manufacturing Capacity debottlenecking by 31 Planning to add 41 kt capacity at 2024 Setting up a multipurpose kt at Cuddalore und
Slide 33: Historical Performance
Historical Performance
Slide 34: Product group-wise Volumes & Revenues
Product group-wise Volumes & Revenues Chemplast Sanmar Limited In mt Sales Volume FY22 FY21 FY20 Specialty Chemicals 65,841 63,231 64,739 Non-Specialty Chemicals 1,46,652 105,060 119,863 Suspension PVC 2,99,268 273,296 271,300 Total Sales Volume 5,11,761 441,587 455,902 In Rs. Cr Total Revenue FY22
Slide 35: Historical Performance Highlights
Historical Performance Highlights Chemplast Sanmar Limited In Rs. Cr Revenues EBITDA 13% 22% 20% Margin 5,892 1,197 # 3,799 855 3,123 400 FY20 FY21 FY22 FY20 FY21 FY22 PAT Net - Debt 8% 11% 649 2,060 ++ 1,459 310 ++ 1 -362 FY20 FY21 FY22 FY20 FY21 FY22 # Excludes positive impact on account of invent
Slide 36: Consolidated Profit & Loss Account (Proforma)
Consolidated Profit & Loss Account (Proforma) Chemplast Sanmar Limited Particulars (Rs. in Cr) FY22 FY21 Y-o-Y FY20 Revenue from Operations 5,892 3,799 55% 3,123 Cost of Goods Sold 3,714 2,229 1,933 Employee Cost 120 114 118 Other Expenses 862 601 671 EBITDA 1,197 855 40% 400 EBITDA Margin 20.3% 22.
Slide 37: Consolidated Balance Sheet (Proforma)
Consolidated Balance Sheet (Proforma) Chemplast Sanmar Limited ASSETS (Rs. in Cr) Mar-22 Mar-21 Mar-20 EQUITY AND LIABILITIES (Rs. in Cr) Mar-22 Mar-21 Mar-20 Non-Current Assets Equity a) Property, Plant And Equipment 3,195 3,087 3,232 a) Equity Share Capital 79 67 67 b) Capital Work in Progress 34
Slide 38: Consolidated Cashflow Statement (Proforma)
Consolidated Cashflow Statement (Proforma) Chemplast Sanmar Limited Particulars (Rs. in Cr) Mar-22 Mar-21 Mar-20 Net Profit Before Tax 796 563 9 Adjustments for: Non Cash Items / Other Investment or Financial Items 420 526 303 Operating profit before working capital changes 1,216 1,089 312 Changes i
Slide 39: Stand-alone Profit & Loss Account
Stand-alone Profit & Loss Account Chemplast Sanmar Limited Particulars (Rs. In Crs) FY22 FY21 Y-o-Y FY20 Revenue from Operations 2,012 1,289 56% 1,259 Cost of Goods Sold 700 427 421 Employee Cost 77 77 83 Other Expenses 607 393 441 EBITDA 628 391 60% 314 EBITDA Margin 31.2% 30.4% 24.9% Other income
Slide 40: Stand-alone Balance Sheet
Stand-alone Balance Sheet Chemplast Sanmar Limited ASSETS (In Rs. Cr) Mar-22 Mar-21 Mar-20 EQUITY AND LIABILITIES (In Rs. Cr) Mar-22 Mar-21 Mar-20 Non-Current Assets Equity a) Property, Plant And Equipment 2,220 2,088 2,156 a) Equity Share Capital 79 67 67 b) Other Equity 3,718 1,954 1,910 b) Capita
Slide 41: Stand-alone Cash flow Statement
Stand-alone Cash flow Statement Chemplast Sanmar Limited Particulars (Rs. in Cr) Mar-22 Mar-21 Mar-20 Net Profit Before Tax 434 56 139 Adjustments for: Non Cash Items / Other Investment or Financial Items 194 324 174 Operating profit before working capital changes 628 379 313 Changes in working capi
Slide 42: Thank You
Thank You Strategic Growth Advisors Pvt. Ltd. Chemplast Sanmar Ltd. CIN - U74140MH2010PTC204285 CIN- L24230TN1985PLC011637 Ms. Shikha Puri / Mr. Shrikant Sangani N Muralidharan – Chief Financial Officer Email - shikha.puri@sgapl.net/ shrikant.sangani@sgapl.net nm3@sanmargroup.com +91 9819282743 / +9