Apcotex Industries Ltd · NSE:APCOTEXIND
Apcotex Industries — Q2 FY2023 Earnings Presentation
13 slides from Apcotex Industries's earnings presentation, Oct 20, 2022
Slide 1: Cover letter to stock exchanges
Date: 20th October 2022 To, To, Manager - Department of Corporate Services The Manager - Listing Department, BSE Limited The National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, Plot No. C/1, Dalal Street, Fort, Block G, Bandra - Kurla Complex, Mumbai - 400 001 Bandra
Slide 2: Earnings Presentation Q2/H1-FY23
EARNINGS PRESENTATION Q2/H1-FY23
Slide 3: Executive Summary
Executive Summary OVERVIEW ▶ Apcotex Industries Ltd (Apcotex) is a leading producer of Synthetic Rubber (Nitrile Rubber, High Styrene Rubber, Nitrile Polyblends and Nitrile Powder) and Synthetic Latex (XSB Latex, VP Latex, Styrene Acrylics and Nitrile Latex) in India. ▶ The company has one of the br
Slide 4: Company Overview
Company Overview Operational Revenue (INR Mn) and EBITDA Margin (%) ▶ The company’s Taloja plant was established in 1980 as a division of Asian Paints (India) Ltd. In 1991, the division was spun off as a separate company, 12000 20.0% which was headed by Mr. Atul Choksey, former MD of Asian Paints. T
Slide 5: Financial Highlights
Financial Highlights Q2-FY23 Financial Highlights H1-FY23 Financial Highlights INR 2,832 Mn INR 452 Mn INR 5,897 Mn INR 937 Mn Operational Revenue EBITDA Operational Revenue EBITDA 15.96% INR 308 Mn 15.89% INR 644 Mn EBITDA Margin Net Profit EBITDA Margin Net Profit 10.88% INR 5.94/share 10.92% INR
Slide 6: Q2/H1-Operational Highlights
Q2/H1-Operational Highlights Business Performance: ▶ Quarterly Income at Rs. 286cr, growth of 16% over Q2 FY21-22 ▶ Balanced growth in H1 across all the industries and product groups Project Update: ▶ Both projects in Valia and Taloja expected to be completed in Q3 FY22-23 5
Slide 7: Quarterly Financial Performance
Quarterly Financial Performance Particulars (INR Mn) Q2-FY23 Q2-FY22 Y-o-Y Q1-FY22 Q-o-Q Operational Revenue 2,832 2,434 16.4% 3,065 (7.6)% Total Expenses 2,380 2,120 12.3% 2,579 (7.7)% EBITDA 452 314 43.9% 486 (7.0)% EBITDA Margins 15.96% 12.90% 306 Bps 15.86% 10 Bps Depreciation 38 35 8.6% 37 2.7%
Slide 8: YTD Financial Performance
YTD Financial Performance Particulars (INR Mn) H1-FY23 H1-FY22 Y-o-Y Operational Revenue 5,897 4,286 37.6% Total Expenses 4,960 3,679 34.8% EBITDA 937 607 54.4% EBITDA Margins 15.89% 14.16% 173 Bps Depreciation 74 69 7.2% Finance Cost 33 17 94.1% Other Income 42 41 2.4% PBT 872 562 55.2% Tax 228 121
Slide 9: Historical Income Statement
Historical Income Statement Particulars (INR Mn) FY20 FY21 FY22 H1-FY23 Operational Revenue 4,960 5,406 9,569 5,897 Total Expenses 4,626 4,708 8,171 4,960 EBITDA 334 698 1,398 937 EBITDA Margins 6.73% 12.91% 14.61% 15.89% Depreciation 134 145 141 74 Finance Cost 13 38 32 33 Other Income 59 52 79 42
Slide 10: Balance Sheet
Balance Sheet Particulars (INR Mn) FY21 FY22 H1-FY23 Particulars (INR Mn) FY21 FY22 H1-FY23 Shareholders Fund 3,054 3,962 4,452 Total Non Current Assets 2,383 3,014 4,140 Equity Share Capital 104 104 104 Property, Plant and Equipment 1,441 1,560 1,554 Other Equity 2,950 3,858 4,348 Capital Work in p
Slide 11: Historical Performance Indicators
Historical Performance Indicators Operational Revenue (INR Mn) EBITDA (INR Mn) EBITDA Margin (%) PAT (INR Mn) and PAT Margin (%) 12000 1,600 20.0% 14.6% 15.9% 18.0% 9,569 1,400 1200 15.0% 10000 12.9% 16.0% 1,200 1000 10.3% 10.9% 13.0% 14.0% 11.0% 8000 1,000 5,897 12.0% 800 8.2% 9.0% 6000 4,960 5,406
Slide 12: Disclaimer
Disclaimer Apcotex Industries Ltd Disclaimer: This presentation and the accompanying slides (the “Presentation”), which have been prepared by Apcotex Industries Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation t
Slide 13: Thank You
Thank You