Slide 1: Exchange filing cover letter
27.05.2021 To To BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, Bandra Kurla Complex, Dalal Street, Bandra (E), Mumbai - 400 001. Mumbai - 400 051. Scrip code : 509152 Symbol : GRPLTD – Series: EQ Dear Sir / Madam, Sub: Investor Presentation Pursuant
Slide 2: Investor Presentation May 2021
Investor Presentation May 2021 Click Here for GRP LTD’s Corporate Video
Slide 3: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by GRP Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and s
Slide 4: Performance Highlights
Performance Highlights GRP» IMPACT POSITIVE
Slide 5: FY21 Key Highlights
FY21 Key Highlights Rs. 2,798 Mn Revenue 80% of last year levels inspite of lockdown impact during Q1 & Q2 EBITDA Margin 6.0% + 60 Bps YoY Credit Rating Re-affirmed Outlook upgraded from negative Key Crisil to stable Highlights Rs. 535 Mn Net DEBT Reduced by Rs. 190 Mn from Rs. 725 Mn in FY20 Cash F
Slide 6: Strong Recovery continues in Q4FY21
Strong Recovery continues in Q4FY21… (in Rs. Mn) Revenue Gross Profit EBIDTA PAT +4% +1% +13% +187% 846.4 883.3 436.5 442.7 74.9 47.1 66.1 16.4 Q3FY21 Q4FY21 Q3FY21 Q4FY21 Q3FY21 Q4FY21 Q3FY21 Q4FY21 Revenue / Profitability ▪ The 4% growth in Revenue in Q4FY21 as compared to Q3FY21 is on back of sta
Slide 7: Strong Profitability in Q4FY21 on YoY basis
and Strong Profitability in Q4FY21 on YoY basis (in Rs. Mn) Revenue Gross Profit EBIDTA PAT +11% +3% +66% 883.3 428.7 442.7 74.9 794.4 47.1 45.0 -13.7 Q4FY20 Q4FY21 Q4FY20 Q4FY21 Q4FY20 Q4FY21 Q4FY20 Q4FY21 Revenue / Profitability ▪ While Q4FY21 is not directly comparable to Q4FY20 due to lockdown i
Slide 8: FY21 Performance Snapshot
FY21 Performance Snapshot (in Rs. Mn) Revenue Gross Profit EBIDTA PAT -20% -19% -11% -44% 3,487.0 1,783.8 189.4 29.7 169.2 2,797.7 1,443.3 16.7 FY20 FY21 FY20 FY21 FY20 FY21 FY20 FY21 Revenue / Profitability ▪ FY21 is not directly comparable to FY20 due to lockdown impact during Q1 & Q2 of FY21 seve
Slide 9: Segment Wise Quarterly Performance Trend
Segment Wise Quarterly Performance Trend* Revenue Revenue Geographical Break-Up Business Segments Break-Up 4.3% 4.6% 4.8% 9.0% 8.6% 29% 32% 34% 34% 35% 95.7% 95.4% 95.2% 91.0% 91.4% 71% 68% 66% 66% 65% Q4FY20 Q1FY21 Q2FY21 Q3FY21 Q4FY21 Q4FY20 Q1FY21 Q2FY21 Q3FY21 Q4FY21 Domestic Non-Reclaim Rubber
Slide 10: Segmental Financial Highlights
Segmental Financial Highlights* Reclaim Rubber Non-Reclaim Rubber Particulars (in Rs. Mn)* FY20 FY21 FY20 FY21 Revenue 3,319.9 2,590.2 166.3 205.1 Raw Material 1,657.0 1,261.8 63.0 99.7 Other Expenses 1,491.6 1,180.2 87.6 86.1 EBIDTA 171.3 148.1 15.7 19.3 EBIDTA Margin 5.2% 5.7% 9.5% 9.4% ✓ GRP’s No
Slide 11: Consolidated Profit & Loss Statement
Consolidated Profit & Loss Statement Profit & Loss (Rs. Mn) Q4FY21 Q4 FY20 Y-o-Y / Bps Q3FY21 Q-o-Q / Bps FY21 FY20 Y-o-Y / Bps Revenue from operations 883.3 794.4 11% 846.4 4% 2,797.7 3,487.0 -20% Cost of Goods Sold 440.7 365.7 409.9 1,354.4 1,703.2 Gross Profit 442.7 428.7 3% 436.5 1% 1,443.3 1783
Slide 12: Consolidated Balance Sheet
Consolidated Balance Sheet Assets (Rs. Mn) Mar-21 Mar-20 Liabilities (Rs. Mn) Mar-21 Mar-20 Non-Current Assets 1,153 1,279.5 Equity Share Capital 13.3 13.3 Property, Plant and Equipment 994.4 1,107.5 Other Equity 1,302.5 1,258.6 Capital work in progress 16.2 13.4 Equity attributable to owners of the
Slide 13: Introduction
Introduction GRP» IMPACT POSITIVE
Slide 14: Tyre Graveyards are increasing across the Globe
Tyre Graveyards are increasing across the Globe 7.6 Billion people 1.7 billion new Creating huge in the world tyres produced a year TYRE GRAVEYARDS… 1.4 Billion Over 1 billion waste vehicles on the road tyres generated per year … HUGE OPPORTUNITY 13
Slide 15: Presenting a HUGE OPPORTUNITY
…presenting a HUGE OPPORTUNITY Huge tyre graveyards that can be seen GRP uses end-of-life tyres to Reclaimed rubber, Engineering plastics, Die- from Space recycle and manufacture cut products & Polymer Composite Products 14
Slide 16: It is our raison d'etre
It is our raison d’etre Recover, Recycle, Reuse’ is GRP’s raison d’etre as well as mantra for creating a clean planet ▪ GRP is one of the leading producers of reclaim rubber ▪ It recycles end- of-life tyres, automotive inner tubes, automobile profiles and moulded rubber products to produce consisten
Slide 17: Reduce, Reuse & Recycle
…to Reduce, Reuse & Recycle TYRE POLYMER REDUCE RETREADING COMPOSITES • Process to extend the life of • Manufactured from 100% Commercial Vehicle tyres recycled rubber and plastics beyond single use • Product is environmental • Environmental friendly friendly, strong and durable as process ensuring
Slide 18: Our Business
Our Business GRP» IMPACT POSITIVE
Slide 19: Believing in possibility of better tomorrow
Believing in possibility of better tomorrow… 8 Manufacturing Units with 76,100 Export presence in 60+ Countries tons/year capacity across 300+ customers 18% share in Indian Market & 50% of ~1.2 Mn End-of-Life tyres saved from India’s Export in reclaimed rubber reaching landfills Every Year Supplies
Slide 20: Since Four Decades & Counting
… since Four Decade & Counting Gujarat Reclaim and 1st Unit at Got its first ever Rubber Products Ankleshwar export order Limited incorporated 1974 1978 1984 2011 2006 1997 4th unit established 3rd Unit established Diversified in at Solapur at Panoli Custom Die Forms 2012 2014 2015 2017 2020 5th Uni
Slide 21: Serving the needs of Global Mobility Industry
…serving the needs of Global Mobility Industry 60+ 300+ Countries Customers Distributors 400+ Panoli Indore across 20 Vendors Ankleshwar countries Mumbai Sholapur Headquarters Reclaim Rubber C-DF 8 ~1450 Industrial Polymers Perundurai R&D Centre Manufacturing Units Employees >75% customers belong to
Slide 22: Self designed Manufacturing Facilities
…supported by self designed Manufacturing Facilities Installed Capacity in MT Build up capacity for Reclaimed Rubber over the years 66,000 66,000 6,000 66,000 58,200 7,800 10,000 48,200 20,000 2,600 28,200 1,500 21,000 7,200 Industrial Custom Polymer Reclaimed 2,400 4,800 Polymers Die Forms Composit
Slide 23: R&D Capabilities
…with our R & D Capabilities Product Process Application ▪ Developing New ▪ Continuous ▪ Automation of Application across Development of New Processes diversified Industries Products ▪ Environment friendly ▪ Products designed ▪ Expansion in New – Zero Discharge based on Customer Product Categories a
Slide 24: Reclaim Rubber with Diversified Product Applications
…with Diversified Product Applications Tyre Application Inner Liner Inner Tubes Tyre Side Walls Tyre Piles Tyre Treads & Retreads Reclaim Rubber Non - Tyre Application Conveyor Belts Adhesives Automotive Roofing Footwear Profiles Moulded Goods Matting 23
Slide 25: Across Business Verticals
…across Business Verticals Industrial Polymers Custom Die Forms Industry Applications Applications Consumer Automotive Link Mats Door Mats Electrical & Electronics Industrial Industrial Mats Dock Bumpers Reprocessed Nylon Reprocessed Nylon Modified Nylon Dock Bumpers Door Mats Harvestor Pads Glass F
Slide 26: Across Business Verticals
…across Business Verticals Polymer Composite Retreading Industry Applications Automotive Applications Truck & Bus Over Dimension Commercial Livestock Tippers (Radial and Bias) Cargos transportation transportation Military and Government Oil fields Open body Tankers Containers vehicles vehicle Transp
Slide 27: Major Tyre and Non Tyre Customer Relationships
…all Major Tyre and Non Tyre Customer Relationships The Brand Names mentioned are the property of their respective owners and are used here for identification purpose only. 26
Slide 28: Global Partnerships for Business Growth
…Global Partnerships for Business Growth Reclaim Rubber Tyre Retreading Successful in setting up a Joint venture with an Italian reclaim rubber unit in company since 2015 for building a Malaysia and handed over to tyre retreading franchise business the local partner in India Custom Die Form Polymer
Slide 29: Distinguished Board of Directors
…Distinguished Board of Directors Dr. Peter Philip Rajendra Gandhi Harsh Gandhi Rajeev Pandia Chairman & Non-Executive Director Managing Director Joint Managing Director Independent Director No. of Years of Experience : More than No. of Years of Experience : More No. of Years of Experience : 16 year
Slide 30: Distinguished Board of Directors
…Distinguished Board of Directors Mahesh Gandhi Alpana Parida Saurabh Shah Nayna Gandhi Non-Executive Director Independent Director Independent Director Non-Executive Director No. of Years of Experience : More than No. of Years of Experience : 30 year No. of Years of Experience : More than No. of Ye
Slide 31: Experienced Management Team
…with Experienced Management Team Hemant Kaul Shilpa Mehta Sanjeeb Lahri President Marketing & Kush Giramkar CEO of Marangoni GRP Chief Financial Officer Head HR & Ganesh Ghangurde Business Head Industrial Administration Polymers & Head Chief Compliance Officer Procurement • MBA, Leeds University •
Slide 32: Awards & Accolades
Awards & Accolades – Testimony to our raison d’etre EcoVadis CSR Rating 2017: BRONZE 2019: SILVER 2017 At GRP, we are committed to transitioning from a ‘recycled material company ’ to a ‘Sustainable Raw Material Company’. Therefore, embracing the certifications, partnerships required for achieving t
Slide 33: CSR – Impact Positive Initiatives
CSR – Impact Positive Initiatives ▪ Our CSR vision – "to contribute towards social and economic development of the communities where we operate in. And while doing the same, we want to build a sustainable way of life for all sections of society”. ▪ GRP believes in doing business the right way and en
Slide 34: Business Verticals
Business Verticals GRP» IMPACT POSITIVE
Slide 35: Manufacturer of sustainable products through 5 Business Verticals
…Manufacturer of sustainable products through 5 Business Verticals 34
Slide 36: Reclaim Rubber - Industry Leading Technology
Reclaim Rubber - Industry Leading Technology 1ST Company in India to design, fabricate and install an entire plant & machinery for manufacture of reclaim rubber from complete indigenous components VALUE PROPOSITION Strong focus on innovation and R & D with DSIR approved lab, 1st company in India to
Slide 37: Reclaim Rubber – Cost Effective Alternative
Reclaim Rubber – Cost Effective Alternative PRODUCT OFFERING NATURAL RUBBER RECLAIM • Whole Tyre Reclaim • Ultra High & High Tensile Reclaim • Natural Tube Reclaim SYNTHETIC RUBBER RECLAIM • Butyl & Chlorobutyl Reclaim • EPDM Reclaim SPECIALITY RUBBER RECLAIM • NBR Polycoat APPLICATIONS ▪ Tyres ▪ Wa
Slide 38: Industrial Polymer – Valuable Engineering Plastic
Industrial Polymer – Valuable Engineering Plastic INDUSTRY LEADING TECHNOLOGY TARGET MARKET & APPLICATIONS Fasteners, Clips, Bushes, Plugs, 1st Indian company to commercialize the concept of Cable Ties, Sleeves, Main fold recovery and reuse of polyamide from end-of-life AUTOMOTIVE Developed in-house
Slide 39: Custom Die Forms – Diverse Product Portfolio
Custom Die Forms – Diverse Product Portfolio PRODUCTS Converts end-of-life tyres to design products used for civil & agricultural applications Custom Die Forms are meant to absorb vibrations in heavy equipment and for insulation against sound GRP – C-DF has produces these products in collaboration w
Slide 40: Retreading - Marangoni Joint Venture
Retreading - Marangoni Joint Venture Marangoni S.P.A, World’s Leading Tyre Retreading Company with a legacy of 70+ years + GRP Ltd, India’s largest and world’s leading rubber recycling company = The JV aims to leverage the strengths of the two partners: Marangoni as a retreading technology specialis
Slide 41: Retreading across Segments
…Retreading across Segments Industry Leading Range ABOUT RINGTREAD ▪ Ringtread Concept: Tyres are circular in structure and rotate when they Premium, Spice-less Retread work, therefore the new tread must be perfectly circular in order to integrate harmoniously with the casings and recreate a perfect
Slide 42: Polymer Composite
Polymer Composite ABOUT Polymer Composite Products ▪ GRP is the exclusive manufacturer to a US based company for supply of composite products Plastics Additive ▪ The composite products are manufactured from 100% recycled rubber and plastics Rubber ▪ The product is environmentally friendly, strong an
Slide 43: Growth Drivers
Growth Drivers GRP» IMPACT POSITIVE
Slide 44: We have built Sustainable Business
We have built Sustainable Business Brand GRP carries with it Upgradation of Process and Cost Effective by replacing 8 Manufacturing Units, 20 Trust of 4 Decades Products through innovation Virgin Rubber Polymer Distributors and 200 Vendors In-house Manufacturing Brand GRP Cost Technology & Effective
Slide 45: Usage of Reclaimed Rubber on a Growth Path
Usage of Reclaimed Rubber on a Growth Path Reclaimed Rubber Demand (Kilo Tonnes) ▪ Growing awareness regarding COST - EFFECTIVE and ECO - FRIENDLY alternatives for virgin rubber 7,729 ▪ Owing to its versatility, durability, reduced pollution and low processing 10.3% costs, WTR is expected to witness
Slide 46: Strategic shift towards increasing Reclaimed Rubber
With strategic shift towards increasing Reclaimed Rubber To Reduce, Reuse and Recycle the use of fossil fuels and strategic shift towards Reclaimed Rubber. By 2050 companies envisages higher use of Recycled Rubber Source: Bridgestone Corporate Site 45
Slide 47: By major tyre manufacturing companies
By major tyre manufacturing companies “ In the Rubber Group, the use of recycled materials is assuming an increasingly important role. Production waste generated in physical/chemical processes is used as reclaim and adhesive mixtures as recycled products. “ In the year under review, the percentage o
Slide 48: Contact Us
Contact Us Company : Investor Relations Advisors : CIN: L25191GJ1974PLC002555 CIN: U74140MH2010PTC204285 Mr. Ganesh Ghangurde Mr. Shrenik Shah Chief Compliance Officer shrenik.shah@sgapl.net ganesh.ghangurde@grpweb.com +91 96647 64465 www.grpweb.com www.sgapl.net 47