Slide 1: Q2 & H1 FY24 Results Presentation
www.godeepak.com RESPONSIBLE CHEMISTRY Q2 & H1 FY24 Results Presentation November 07, 2023 Rs. 3,595 crore Rs. 561 crore Turnover (in H1 FY24) EBITDA (in H1 FY24)
Slide 2: Contents
Contents RESPONSIBLE CHEMISTRY Q2 & H1 FY24 Awards & Company Performance Accolades and Overview Overview & Project Highlights Updates 4 6 8 Q2 & H1 FY24 Performance Financial of Strategic Annexures Highlights Business Units 11 14 17 2
Slide 3: Deepak Nitrite Limited: A Leading Chemical Intermediates Producer
Deepak Nitrite Limited: A Leading Chemical Intermediates Producer RESPONSIBLE CHEMISTRY Company Overview Deepak Nitrite (DNL) is one of the fastest growing and trusted chemical intermediates company in India with a diversified portfolio of products that caters to multiple industries with myriad appl
Slide 4: Strategies for Thriving in a Demanding Business Landscape
Strategies for Thriving in a Demanding Business Landscape RESPONSIBLE CHEMISTRY Business Resilience • Demonstrated capability to optimize assets and navigate challenging markets. Operational Excellence Product Mix Optimisation Making significant improvement in Depend processes • Actively managing ou
Slide 5: Company overview: Exemplary track record
Company overview: Exemplary track record RESPONSIBLE CHEMISTRY Seizing the opportunity Excellence in execution Value creation Delivered marked improvement Sustained increase in return ratios, Consistently rewarded across various parameters with zero debt levels shareholders Market Cap. (in ₹ Crore)
Slide 6: Performance highlights – Q2 & H1 FY24 (Consolidated)
Performance highlights – Q2 & H1 FY24 (Consolidated) RESPONSIBLE CHEMISTRY Key numbers Particulars Q2 FY24 Q-o-Q H1 FY24 Y-o-Y (Rs. Crore) Revenue 1,795 No 3,595 -11% 18% 81:19 0.00x change Domestic : Exports Consol. Net D/E EBITDA Margin for EBITDA 319 32% 561 -14% Q2 FY24 Revenue Mix for Ratio for
Slide 7: Performance overview & other highlights
Performance overview & other highlights RESPONSIBLE CHEMISTRY ➢ The Company weathered the persistent negative impact of global destocking and achieved volume gains on both year-on-year and quarter-on-quarter basis. ➢ Focused efforts towards capitalizing on byproduct valorization opportunities. ➢ Pri
Slide 8: Awards & Accolades
Awards & Accolades RESPONSIBLE CHEMISTRY FICCI Chemical & Petrochemical 2023 Deepak R&D Center Award Divya Bhaskar Award Category : Bhoomi Pujan Category : Leader of Water Management Category : Shreshtha Ratna - Gujarat • Deepak Research & Development Center Bhoomi – 2023 • Mr. Maulik Mehta is award
Slide 9: Awards & Accolades
Awards & Accolades RESPONSIBLE CHEMISTRY ICC-EPSILON Carbon Award NABL Certification Category : Emergency Response Code 2022 Category : Acetone and Coal • DPL Team was awarded with ICC- EPSILON CARBON Emergency • Deepak Phenolics R&D Lab gets Certificate of Scope of Accreditation by NABL in July 202
Slide 10: Update on Projects
Update on Projects RESPONSIBLE CHEMISTRY Project Status ➢ Construction work of PhotoHalogenation and Utility Building Process Plant Building fluorination has made significant progress; operations and commissioning teams are actively engaged for system handover, and plant commissioning is expected by
Slide 11: Financial Highlights
Financial Highlights RESPONSIBLE CHEMISTRY Revenue (Rs. Cr.) EBITDA (Rs. Cr.) PAT (Rs. Cr.) 1,795 1,800 319 242 205 150 Q2 FY24 Q2 FY24 Q1 FY24 Q2 FY24 Q1 FY24 Q2 FY24 Q1 FY24 Q-o-Q 0% Q-o-Q 32% Q-o-Q 37% Revenue (Rs. Cr.) EBITDA (Rs. Cr.) PAT (Rs. Cr.) 648 4,041 561 3,595 409 H1 FY24 355 H1 FY2
Slide 12: Q2 & H1 FY24 – Financial Highlights
Q2 & H1 FY24 – Financial Highlights RESPONSIBLE CHEMISTRY • Witnessed steady performance amid challenging operating environment. This was driven by robust gains in Phenolics division and steady demand recovery. REVENUE • Key export markets continue to grapple with transient destocking, while domesti
Slide 13: CMD Message
CMD Message RESPONSIBLE CHEMISTRY “As we progress through FY24, the headwinds on account of inventory destocking by China, deteriorating geopolitical landscape, continued volatility in commodity and petrochemical prices and foreign exchange rates, have intensified further. When combined with the sit
Slide 14: Advanced Intermediates
Advanced Intermediates RESPONSIBLE CHEMISTRY Revenue (Rs. Cr.) PBT (Rs. Cr.) 684 719 111 115 Q2 FY24 Q1 FY24 Q2 FY24 Q1 FY24 Q-o-Q 5% Q-o-Q 4% Key Highlights ➢ EBITDA margin maintained at 19% despite challenging operating environment. ➢ Witnessed moderated performance due to continued subdued de
Slide 15: Phenolics
Phenolics RESPONSIBLE CHEMISTRY Revenue (Rs. Cr.) PBT (Rs. Cr.) 1,120 1,089 169 87 Q2 FY24 Q1 FY24 Q2 FY24 Q1 FY24 Q-o-Q 3% Q-o-Q 93% Key Highlights ➢ EBITDA margin improved to 17%, from 10% in Q1 FY24. ➢ Reported profitable growth due to sharp increase in volumes of Phenol, Acetone and IPA, alo
Slide 16: Outlook
Outlook RESPONSIBLE CHEMISTRY ➢ DNL is well poised to capitalize on the 'Make in India for the World' initiative and the resurgence of the China+1 strategy, as numerous opportunities arise in the sector ➢ With its formidable manufacturing infrastructure and extensive proficiency in the realm of chem
Slide 17: Consolidated P&L Statement
Consolidated P&L Statement RESPONSIBLE CHEMISTRY Particulars ( ₹ crore) Q2 FY24 Q1 FY24 Q-o-Q (%) H1 FY24 H1 FY23 Y-o-Y (%) Revenue 1,778 1,768 1% 3,546 4,020 -12% Other Income 17 32 -47% 49 22 126% Total Revenue 1,795 1,800 - 3,595 4,041 -11% Total Expenditure 1,476 1,559 -5% 3,034 3,393 -11% • Raw
Slide 18: Consolidated Segmental Financials – Revenue from Operations
Consolidated Segmental Financials – Revenue from Operations RESPONSIBLE CHEMISTRY Particulars ( ₹ crore) Q2 FY24 Q1 FY24 Q-o-Q (%) H1 FY24 H1 FY23 Y-o-Y (%) Advanced Intermediates 670 708 -5% 1,379 1,415 -3% Phenolics 1,120 1,068 5% 2,188 2,619 -16% Less - Inter segment 12 8 20 15 Total 1,778 1,768
Slide 19: Consolidated Segmental Financials – EBIT & Margin
Consolidated Segmental Financials – EBIT & Margin RESPONSIBLE CHEMISTRY Particulars ( ₹ crore) Q2 FY24 Q1 FY24 Q-o-Q (%) H1 FY24 H1 FY23 Y-o-Y (%) EBIT Advanced Intermediates 103 115 -10 218 271 -19% Phenolics 170 88 94% 258 290 -11% Others 6 1 7 3 EBIT % Advanced Intermediates 15% 16% 16% 19% Pheno
Slide 20: About Us & Contact Details
About Us & Contact Details RESPONSIBLE CHEMISTRY For further information, please contact: Deepak Nitrite Limited (NSE: DEEPAKNTR, BSE: 506401) is a leading chemical intermediates Somsekhar Nanda producer with a diversified portfolio that caters Chief Financial Officer to the dyes and pigments, agroc
Slide 21: Disclaimer
Disclaimer RESPONSIBLE CHEMISTRY This presentation contains forward-looking statements that involve risks and uncertainties. When used in this presentation, the words ‘anticipate,’ ‘belief,’ ‘estimate,’ ‘expect,’ ‘intend,’ ‘will’ and other similar expressions as they relate to the Company and its Bu
Slide 22: Thank You
RESPONSIBLE CHEMISTRY Thank You