Graphite India Limited · NSE:GRAPHITE
Graphite India — Q2 FY2024 Earnings Presentation
16 slides from Graphite India's earnings presentation, Nov 9, 2023
Slide 1: Stock exchange filing cover letter for revised earnings presentation
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Slide 2: Q2 FY2024 Earnings Presentation
NSE: GRAPHITE, BSE: 509488 Q2 FY2024 Earnings Presentation November 09, 2023
Slide 3: Discussion Agenda
Discussion Agenda Executive Summary_______________________________________ 3 Chairman’s Message______________________________________ 4 Steel Industry Overview___________________________________ 5-6 Graphite Electrode Industry Overview________________________ 7 Financial Performance_________________
Slide 4: Executive Summary
Executive Summary Q2 FY2024 Financial Performance o Net Sales of Rs. 793 Crores, a decline of 3.9% y- o Net Sales of Rs. 786 Crores, an increase of 9.3% y- o-y and an increase of 6.2% q-o-q o-y and 9.2% q-o-q Q2 FY2024 Q2 FY2024 o EBITDA of Rs. 72* Crores as compared to Rs. 207 o EBITDA of Rs. 61* C
Slide 5: Chairman's Message
Chairman’s Message “In Q2 FY2024, Graphite India delivered Consolidated Net Sales of Rs. 793 Cr, a decline of 3.9% compared to the same quarter last year and a growth of 6.2% compared with Q1 FY2024. Sales volume increased during the period. However, realisations were lower as compared to same perio
Slide 6: Steel Industry Overview
Steel Industry Overview Crude Steel Production Three Months Ended Nine Months Ended (million MT) Sept-23 Sept-22 Y-o-Y (%) Jun-23 Q-o-Q (%) 9M 2023 9M 2022 Y-o-Y (%) Asia and Oceania 346.3 335.7 3.2% 360.3 (3.9)% 1,052.2 1,035.6 1.6% India 35.0 30.2 15.9% 33.1 5.7% 101.3 92.8 9.2% China 259.3 252.3
Slide 7: Steel Industry Outlook and Dynamics
Steel Industry Outlook and Dynamics Q3 CY2023 Steel Production (1) ▪ As per the World Steel Association (WSA) global crude steel production was 460.5 Mt in Q3 CY2023, an increase of 2.0% y-o-y and a decrease of 4.4% on q-o-q basis. Global crude steel production excluding China increased by 1.1% on y
Slide 8: Graphite Electrode Industry
Graphite Electrode Industry ▪ The evident focus on substantial decarbonization measures in the developed world indicates that the growth of Electric Arc Furnace (EAF) will surpass that of Blast Furnace / Bessimer Oxygen Furnace (BF/BOF) ▪ Governments around the world are introducing stringent enviro
Slide 9: Consolidated Financial Performance
Consolidated Financial Performance Q2 y-o-y Q1 q-o-q Half Yearly y-o-y Comments (Rs. Crore) FY2024 FY2023 Growth (%) FY2024 Growth (%) FY2024 FY2023 Growth (%) Net Sales 793 825 (3.9%) 747 6.2% 1,540 1,685 (8.6%) Excluding Other Income Other Income 91 111 (18.0%) 78 16.7% 169 103 64.1% Total Income
Slide 10: Standalone Financial Performance
Standalone Financial Performance Q2 y-o-y Q1 q-o-q Half Yearly y-o-y Comments (Rs. Crore) FY2024 FY2023 Growth (%) FY2024 Growth (%) FY2024 FY2023 Growth (%) Net Sales 786 719 9.3% 720 9.2% 1,506 1,517 (0.7%) Excluding Other Income Other Income 87 104 (16.3%) 72 20.8% 159 87 82.8% Total Income 873 8
Slide 11: Quarter Performance Trends
Quarter Performance Trends Consolidated Net Sales Standalone Net Sales 825 786 719 720 793 747 Q2FY23 Q1FY24 Q2FY24 Q2FY23 Q1FY24 Q2FY24 Consolidated Operating Profit / (Loss) Standalone Operating Profit / (Loss) 213 207 26% 29% 61 72 8% (2%) 9% (2)% (13) (14) Q2FY23 Q1FY24 Q2FY24 Q2FY23 Q1FY24 Q2FY
Slide 12: Quarter Performance Trends
Quarter Performance Trends Consolidated Net Profit / (Loss) Standalone Net Profit / (Loss) 802 815 101% 104% 139 92 (4)% (4%) 11% 19% (30) (27) Q2FY23 Q1FY24 Q2FY24 Q2FY23 Q1FY24 Q2FY24 Capacity Utilization (Standalone) 87% 64% 67% Q2FY23 Q1FY24 Q2FY24 Notes: 11 1. All numbers in Crores unless speci
Slide 13: Leverage Profile
Leverage Profile Significant financial flexibility available for future organic and inorganic growth Consolidated Leverage Profile Standalone Leverage Profile (Rs. Crore) Sept- 23 June- 23 Mar- 23 Dec- 22 Sept- 22 (Rs. Crore) Sept- 23 June- 23 Mar- 23 Dec- 22 Sept- 22 Cash & Cash Cash & Cash 3,520 2
Slide 14: Quarterly Segment Performance
Quarterly Segment Performance Consolidated Segment Performance Standalone Segment Performance Q2 y-o-y Q1 q-o-q Q2 y-o-y Q1 q-o-q Growth Growth Growth Growth (Rs. Crore) FY2024 FY2023 FY2024 (Rs. Crore) FY2024 FY2023 FY2024 (%) (%) (%) (%) Graphite and Carbon 741 734 1.0% 692 7.1% Graphite and Carbo
Slide 15: Graphite India - At a Glance
Graphite India - At a Glance Company Background Industry Graphite India is the largest Indian producer The Company’s strategy is to become further Graphite electrodes are used in electric arc furnace (“EAF”) of graphite electrodes and one of the largest vertically integrated, continue its penetratio
Slide 16: Disclaimer
Disclaimer 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 to Graphite India’s future business developments and economic performance. W