Deepak Fertilisers And Petrochemicals Corporation Ltd. · NSE:DEEPAKFERT
Deepak Fertilisers And Petrochemicals — Q2 FY2023 Earnings Presentation
18 slides from Deepak Fertilisers And Petrochemicals's earnings presentation, Nov 14, 2022
Slide 1: Covering letter to exchanges
14th November, 2022 The Secretary Listing Department BSE Limited National Stock Exchange of India Ltd. Phiroze Jeejeebhoy Towers, “Exchange Plaza”, Dalal Street, Fort, Bandra-Kurla Complex, Bandra (E) Mumbai – 400 001 Mumbai – 400 051 BSE Code: 500645 NSE Code: DEEPAKFERT Subject: Earnings Presentat
Slide 2: Earnings Presentation Q2 FY2023
(BSE: 500645; NSE: DEEPAKFERT) Earnings Presentation Q2 FY2023 12th November 2022 MINING CHEMICALS INDUSTRIAL CHEMICALS CROP NUTRITION
Slide 3: Half Yearly Bottom Line Crosses Full FY22 Profits
Consolidated Financials: H1 FY22-23 2 Half Yearly Bottom Line Crosses Full FY22 Profits Revenue From Operations Operating EBITDA • H1 Chemicals Segment contributed ~86% of segment profits. Revenues grew by 74% y-o-y and margins expanded from 17% (H1 FY22) to 35% (H1 FY23) (+56% Y-o-Y) (+146% Y-o-Y)
Slide 4: Best Q2 and H1 Financial Performance with high growth trajectory in place
Consolidated Financials: Q2 FY23 3 Best Q2 and H1 Financial Performance with high growth trajectory in place Y-o-Y Y-o-Y INR CR Q2FY23 Q2FY22 H1 FY23 H1 FY22 (Rs. CR) Mar-21 Mar-22 Sep-23 growth growth Operating Revenue 2,719 1,793 51.7% 5,750 3,695 55.6% ST Debt 110 - - LT Debt 2,187 2,321 2,750 Op
Slide 5: Quarterly Operating Margins improved from 10% to 18% between Q2 FY20 – Q2 FY23
Synergistic Business Model 4 Quarterly Operating Margins improved from 10% to 18% between Q2 FY20 – Q2 FY23 Operating Revenue (Rs. Cr) Production Flow Chart Natural Phosphoric 2,719 RGP Sulphur gas Acid, MOP 1,793 1,404 1,151 Methanol Ammonia NPK Q2FY20 * Q2FY21 Q2FY22 Q2FY23 *Cautiously consolidate
Slide 6: Robust Performance across segments driven by Demand and Transformation Initiatives
Quarterly Performance Trend 5 Robust Performance across segments driven by Demand and Transformation Initiatives Chemicals Business Fertilisers Business Revenues (Rs. Cr) Revenues (Rs. Cr) 1,181 1,533 802 988 Q2FY22 Q2FY23 Q2FY22 Q2FY23 Segment Profit (Rs. Cr) Segment Profit (Rs. Cr) 434 84 148 75 Q
Slide 7: Mining Chemicals Business Review
Mining Chemicals Business Review 6 Major key indicators such as CIL's coal and OB production, cement and steel production, showed healthy increase on a year-over-year basis Mining Chemicals (TAN) Revenue Operational Highlights (Manufactured Sales Rs. Cr) • In Q2 FY 23, TAN Business achieved a capaci
Slide 8: Pharma / Speciality Chemicals Business Review
Pharma / Speciality Chemicals 7 Business Review Demand and pricing of Nitric Acid grades relatively subdued as it is typically expected during monsoon season Pharma / Speciality Chemicals (IPA+NA) Operational Highlights (Manufactured Sales Rs. Cr) • In Q2, Acid Business achieved a capacity utilizati
Slide 9: CNB Business Review
CNB Business Review 8 Q2 Fertilisers Segment revenues grew by 47% y-o-y with segment margins of 7% Fertilisers Revenue (Manufactured Sales Rs. Cr) Operational Highlights (NP + NPK + Bensulf) • Although the southwest monsoon started off abnormally, it made a full recovery after June. India received a
Slide 10: ADB funds farm efficiency initiative of Smartchem Technologies Limited
Recent Development 9 ADB funds farm efficiency initiative of Smartchem Technologies Limited Why Smartchem Fund Raise Funding Type • Successful innovator in the Water Soluble and Specialty Fertilizer category, to emerge as the market leader through Mahadhan Brand • Offers a basket of 48 products whic
Slide 11: Raw Material Price Movement in Last 18 Months
Update on Raw Material 10 Raw Material Price Movement in Last 18 Months Ammonia Bulk FOB - ME ($/MT) 1134 1232 1033 930 1001 1014 1037 1017 803 900 913 874 599 632 614 588 606 513 MAY-21 JUN-21 JUL-21 AUG-21 SEP-21 OCT-21 NOV-21 DEC-21 JAN-22 FEB-22 MAR-22 APR-22 MAY-22 JUN-22 JUL-22 AUG-22 SEP-22 O
Slide 12: Update on Upcoming Projects
Update on Upcoming Projects 11 Ammonia Clearly Defined and Well Funded Capex Program • Total planned Investment: Rs 4,350 cr • Balance investment: Rs. 1,187 cr • Cost incurred to date: Rs. 3,163 cr • Expected commissioning: Q1 FY24 • Debt incurred to date: Rs. 1,576 cr • Total planned Investment: Rs
Slide 13: Ammonia Project – Site Construction Work In Progress (September 2022)
Ammonia Plant Update 12 Ammonia Project – Site Construction Work In Progress (September 2022) • Why Ammonia Project: • Security of Ammonia supply for June 2021 Sep 2022 downstream units • Eliminate price volatility of merchant Ammonia, improved consolidated margins • Risk mitigation for all business
Slide 14: TAN Project – Site Construction Work In Progress (September 2022)
TAN Plant Update 13 TAN Project – Site Construction Work In Progress (September 2022) • Why TAN Project: • Strategically located at ‘Tata SEZ’ at Gopalpur near the major mining hubs to capture domestic demand, substitute imports and take advantage of export opportunities • Increase TAN production ca
Slide 15: Capital Market Update
Capital Market Update 14 Promoters’ pledged shares now restricted to 2.67% and NDU obligation (and not ‘pledge’) to 3.66% of paid up share capital after release of 50,00,000 Pledged Shares and 29,01,569 NDU Shares in Oct 2022 Share Price Performance Chart (LTM) Key Institutional Investors SMALLCAP W
Slide 16: CSR and Awards
CSR and Awards 15 Focused on overall development and well being of Farmers Recognitions Mahadan Croptek • Golden Peacock Innovative Product/Service Award • Best New Brand, Product Or Service Launch Award From 132 aspirants completed Sowing of Total 42 aspirants covered under ET Ascent vegetables don
Slide 17: Strategic Roadmap for Transformation Journey
16 Strategic Roadmap for Transformation Journey • Getting the size right by building upon: • 40+ years of deep-rooted knowledge base and proven experience • Operational Excellence through improved plant efficiencies and capacity utilizations besides low-cost debottlenecking initiatives • Strong alig
Slide 18: Safe Harbour
Safe Harbour: 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 Deepak Fertilisers and Petrochemicals Corporation limited’s (DFPCL) futur
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