Gandhar Oil Refinery (india) Limited · NSE:GANDHAR
Gandhar Oil Refinery (india) — Nuvama Institutional Equities conference, Mumbai, February 12, 2024
28 slides from Gandhar Oil Refinery (india)'s conference presentation, Feb 8, 2024
Slide 1: Exchange filing cover letter for Investor Presentation
February 08, 2024 To, Listing Compliance Department Listing & Compliance Department BSE Limited National Stock Exchange of India Phiroze Jeejeebhoy Towers, Limited Dalal Street, Mumbai – 400001 Exchange Plaza, 5th Floor BSE Scrip Code: 544029 Plot No. C/1, “G” Block Bandra-Kurla Complex Bandra (E),
Slide 2: February 2024 Corporate Presentation
February 2024 Corporate Presentation Strictly Private and Confidential
Slide 3: Disclaimer
Disclaimer This presentation has been prepared by Gandhar Oil Refinery (India) Limited (“Company") solely for information purposes without any regard to any specific objectives, financial situations or informational needs of any particular person. This presentation may not be copied, distributed or
Slide 4: Executive Summary, Key Strengths, Key Strategies, Industry Overview, Appendix
1 Executive Summary 2 Key Strengths 3 Key Strategies 4 Industry Overview 5 Appendix 3
Slide 5: 1. Executive Summary
1. Executive Summary 4
Slide 6: Gandhar Oil – Company Snapshot
Gandhar Oil – Company Snapshot 1 2 3 4 India’s Largest White Oil Focus on Consumer & Extensive Accreditation Diversified Customer Base Player Healthcare Processes India’s largest manufacturer of Caters to leading Indian and PHPO, the largest business Long-standing relationships Awhite leading oilsma
Slide 7: Personal care, Healthcare and Performance Oils (PHPO) – Largest Business Division
Personal care, Healthcare and Performance Oils (‘PHPO’) – Largest Business Division Key Customers include Leading Indian and Global Companies Key End Applications Products Cosmetics and skin care products 54.96%1 White oils, waxes and Ointments and over-the-counter medicines jellies Design and devel
Slide 8: Growth and Performance in the Last Three Financial Years
Growth and Performance in the Last Three Financial Years 1 2 Strengthening Customer Base Expanding Across Geographies Gandhar’s growth is the result of Set up Texol plant in 2017 in UAE to expand overseas Increase in share of business with existing customers and Leveraging existing customer re
Slide 9: 2. Key Strengths
2. Key Strengths 8
Slide 10: Largest Manufacturer of White Oils in India
Largest Manufacturer of White Oils in India1 Leading Player in the White Oil Industry1 With Significant Revenue from Overseas Sales Revenue from Overseas sales (INR mn) #1 player in India in FY232 21,733.50 13,456.64 26.5% market share in India in white oil 7,413.61 in FY23 FY21 FY22 FY23 Breakdown
Slide 11: With PHPO as a Major Business Division
With PHPO as a Major Business Division PHPO is the Largest Business Division with Exposure to Fast-growing Consumer and Healthcare End-Industries FY23 pro forma consolidated revenue from finished goods sold (%) FY23 pro forma split of PHPO revenue by end-user sector (%) Channel Partners Consumer 10.
Slide 12: Extensive and Diversified Customer Base across Geographies
Extensive and Diversified Customer Base across Geographies Long Term Relationships with Leading Global and Indian Customers Global Footprint in 100+ Countries across 6 continents PHPO North America Europe Asia Lubricants PIO TOSHIBA Africa Australia South America Design and development of customized
Slide 13: Strategically Located Manufacturing Facilities and R&D Capabilities
Strategically Located Manufacturing Facilities and R&D Capabilities Operates Two Manufacturing Facilities in Western India and One in UAE Capacity Total Capacity as Key highlights of the manufacturing facilities of June 2023 Facilities equipped with advanced technological capabilities, including j
Slide 14: Resilient Business Model with Prudent Risk Management Framework
Resilient Business Model with Prudent Risk Management Framework Risk Management Framework Commodity Price Risk Foreign Exchange Risk Credit Risk Liquidity Risk • For the supply arrangements • Hedging and risk management • Gandhar has a diversified • As on 30 September 2023, with key suppliers, prici
Slide 15: Track Record of Consistent Financial Performance
Track Record of Consistent Financial Performance Witnessed strong growth from FY21 to FY23 Growing manufacturing gross margin spreads EBITDA Pro forma consolidated revenue from operations Gross Profit (INR mn) (INR mn) (INR mn) Manufacturing Gross Margin Spread (INR/kL) 40,806 15, 000 10,977 11,440
Slide 16: Experienced and Qualified Management Team
Experienced and Qualified Management Team Ramesh Parekh Samir Parekh Aslesh Parekh Indrajit Bhattacharyya Chairperson & Managing Director Vice Chairperson & Joint Managing Director Joint Managing Director Chief Financial Officer Founder of the company with 30 years 19+ years of experience in the
Slide 17: 3. Key Strategies
3. Key Strategies 16
Slide 18: Key Strategies (1/2)
Key Strategies (1/2) 1 2 Enhanced focus on the consumer and Continue to increase overseas sales by healthcare end-industries strategically expanding product offerings End-use industries such as pharmaceuticals and consumer Working towards increasing penetration in existing geographies products a
Slide 19: Key Strategies (2/2)
Key Strategies (2/2) 3 Strengthen our customer base by growing 4 existing customer business and acquiring Strengthen our manufacturing and R&D capabilities new customers Explore opportunities to grow by: In the process of enhancing the production capacity of our Taloja Plant by an aggregate of 1
Slide 20: 4. Industry Overview
4. Industry Overview 19
Slide 21: Overview of the Global and Indian Specialty Oil Market
Overview of the Global and Indian Specialty Oil Market The growing specialty oil market both in India and global markets White Oil market is the fastest growing segment of the Indian specialty oil serves as key opportunity area for Gandhar market CAGR: 9.9% 2022 specialty oil market 2022 white oil m
Slide 22: White Oil is the Fastest Growing Segment of the Indian specialty oil market
White Oil is the Fastest Growing Segment of the Indian specialty oil market White mineral oil is used in various industries Key growth drivers White oil application overview in 2022 Rising urbanisation will support job creation, boost consumer Others Favourable demographics spending and aid economic
Slide 23: 5. Appendix
5. Appendix 22
Slide 24: Gandhar – Primary Business Divisions
Gandhar – Primary Business Divisions PHPO 54.96%1 Lubricants 25.03%1 PIO 9.51%1 Products White oil Waxes Petroleum jelly Automobile oil Industrial oil Transformer oil Rubber processing oil End Industries Consumer Healthcare Chemicals and Automobile Industrial machines and Transformer Power generatio
Slide 25: Consolidated Profit and Loss Statement
Consolidated Profit and Loss Statement # # Particulars (INR mn) FY 2021* FY 2022* FY 2023 9M 2024 INCOME Revenue from operations 20,638.57 33,891.28 40,805.74 31,739.73 Other income 57.25 88.49 224.51 51.01 Total Income 20,695.82 33,979.76 41,030.25 31,790.74 EXPENSES Cost of Materials consumed 13,9
Slide 26: Consolidated Balance Sheet Statement (1/2)
Consolidated Balance Sheet Statement (1/2) # Particulars (INR mn) FY 2021* FY 2022* FY 2023* H1 2024 ASSETS Non-current assets Property , Plant and Equipment 1,581.98 1,583.14 1,928.74 1,892.34 Capital Work in Progress 215.72 440.11 726.69 886.10 Investment Property 7.37 8.42 8.36 8.34 Right-of-use
Slide 27: Consolidated Balance Sheet Statement (2/2)
Consolidated Balance Sheet Statement (2/2) # Particulars (INR mn) FY 2021* FY 2022* FY 2023* H1 2024 EQUITY & LIABLITIES EQUITY Share capital 160.00 160.00 160.00 160.00 Other equity 4,288.25 5,251.24 7,274.05 8,045.82 Non-controlling interest 57.28 195.81 349.08 471.27 Total Equity (A) 4,448.25 5,6
Slide 28: Thank you
Thank you 27