Apcotex Industries Ltd · NSE:APCOTEXIND
Apcotex Industries — Investor Presentation (December 2022)
25 slides from Apcotex Industries's investor presentation, Dec 5, 2022
Slide 1: Exchange filing cover letter
Date: 5th December 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: Investor Presentation December 2022
INVESTOR PRESENTATION December 2022
Slide 3: Index
Index Executive Summary Company Overview Business Overview Industry Overview Strategic Overview Financial Overview 2
Slide 4: Executive Summary
Executive Summary 3
Slide 5: 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
Slide 6: Company Overview
Company Overview 5
Slide 7: 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.
Slide 8: Promoter Background and Board of Directors
Promoter Background and Board of Directors MR. ATUL C. He is a Chemical Engineer from Illinois Institute of Technology, CHOKSEY Chicago, USA and has more than four decades of experience MR. ABHIRAJ He is a Bachelor of Science in Economics from Wharton in managing the affairs of the Company. He is on
Slide 9: Key Milestones
Key Milestones 1980 1991 1998 2005 2009 2013 2016 2019 2022 Started as The company Started Name Started Installed Synergistic Developed Installed division of was spun off Synthetic changed to Acrylic capacity of acquisition and entered Capacity of Asian Paints as a division Rubber Apcotex emulsion t
Slide 10: Industry Clients
Industry Clients Valia Facility, Gujarat PAPER (21,000 MT) Nitrile Rubber Allied AUTO & INDUSTRIAL Products ▶︎ ITC Ltd ▶︎ JK PAPER ▶︎ Unique Auto Rub Udyog Pvt Ltd ▶︎ BILT ▶︎ NR Group ▶︎ Varroc Elast ▶︎ G.B. Rubber CARPET ▶︎ Jayashree Polymers ▶︎ Obeetee Industries ▶︎ ABC Industries ▶︎ Standard ▶︎ M
Slide 11: R&D and Quality Control
R&D and Quality Control PRODUCT DEVELOPMENT LAB DCS PROCESS CONTROL PRODUCT APPLICATION LAB QUALITY ASSURANCE LAB T h e com pan y has be e n continuously upgrading the ir technology throu gh in house research & development efforts to m e e t the changing needs of cus tom e rs Curre n tly 47 em ploye
Slide 12: Quality Certifications
Quality Certifications ISO Integration TPM Of Quality, TPM TPM 14001:2004, ISO Excellence Environment TPM Valia plant Excellence Journey OHSAS Responsible 9001 Category and OHSAS Consistency RC Award for starts 18001:2007 Care Certified certified A Systems Award certified Valia Plant Certified 2000
Slide 13: Key Strengths
Key Strengths Dummy Title Experienced Promoters along with professional management team Only Manufacturer of NBR, HSR and Nitrile Marquee list of clients Latex in India Strategic location of Apcotex is a Globally manufacturing units in India and Reputed Brand lean business operations High entry barr
Slide 14: Business Overview
Business Overview 13
Slide 15: Process
Process Dummy Title VALUE CHAIN Sources of Raw Materials Raw Materials Final Products Butadiene PAPER CARPET CONSTRUCTION Natural gas Synthetic Latex TYRE CORD GLOVES SPECIALTY Styrene NITRILE RUBBER NBR POLYBLEND Acrylonitrile Crude Oil Rubber HIGH STYRENE RUBBER NBR POWDER 14
Slide 16: Synthetic Latex Products
Synthetic Latex Products The company caters to a large customer base for synthetic latex across industries and commands high market share across industries like Paper, Carpets, Tyres and Construction. PAPER CARPET CONSTRUCTION TYRE CORD GLOVES SPECIALTY Provides high wet Soft secondary Bonding agent
Slide 17: Synthetic Rubber Products
Synthetic Rubber Products Apcotex is the only manufacturer of Nitrile Rubber and High Styrene Rubber in India. It has a high market share in HSR but a low market share in NBR due to capacity constraints. NITRILE RUBBER (NBR) NBR POLYBLEND HIGH STYRENE RUBBER NBR POWDER Low viscosity grade with Cost
Slide 18: Strategic Overview
Strategic Overview 17
Slide 19: Future Strategy
Future Strategy The company’s presence in the stable growth industries like Paper, Construction, Carpet, Tyre and Rubber provides stable growth & is a strong base for Apcotex. Apart from the existing product portfolio, the next generation product pipeline is The company also plans to increase strong
Slide 20: Financial Overview
Financial Overview 19
Slide 21: 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 22: 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 23: 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% 10.3% 1,200 1000 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 24: 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 25: Thank You
Thank You 24
Apcotex Industries — Investor Presentation (December 2022) on 6ix