Slide 1: Cover letter to stock exchanges
August 14, 2023 To, National Stock Exchange of India Ltd. BSE Limited Exchange Plaza Bldg. Department of Corporate Services, 5th Floor, Plot No.C-1 1st floor, New Trading Ring ‘G’ Block, Near Wockhardt, Rotunda Building, Bandra Kurla Complex Phiroze Jeejeebhoy Towers, Mumbai 400 051 Dalal Street, Mu
Slide 2: DCW Limited Earning Presentation Q1-FY24
DCW Limited Earning Presentation Q1-FY24 1
Slide 3: Snapshot
Snapshot BUSINESS 8+ 2 Pioneer Leading Largest and Unique Decades of State-of-the-Art In India Soda Ash, C-PVC, Manufacturer of Commercial scale Experience Integrated Synthetic Rutile & C-PVC and SIOP manufacturer of SIOP in Manufacturing Units SIOP in India the Asia OPERATIONS 12+ 2,000+ Zero 58 MW
Slide 4: Business Overview
Business Overview Financial Highlights Historical Financial Overview 3
Slide 5: Company Overview
Company Overview Operating Revenue (INR Mn) and EBITDA Margins (%) • Incorporated in 1939, DCW Ltd. was established as Dhrangadhra Chemical Works at Dhrangadhra, 26,338 Gujarat as India’s first Soda Ash plant. 24,547 • Since then DCW has pioneered and created a strong presence in the Chlor-Alkali, S
Slide 6: Key Milestones
Key Milestones Growth in Commodity Chemicals Expansion towards Specialty Chemicals Setup one of the Entered into a Technical Commenced Commissioning of the first integrated License and Support production of 1st Chlor-alkali Plant at plants in India to Agreement with Rockwood and only Sahupuram in Ta
Slide 7: Marquee Customers
Marquee Customers Commodity Chemicals Specialty SpecialtyChemicals Chemicals 6
Slide 8: Value Proposition
Value Proposition Significant Scale-up Opportunities Technology Tie-ups Diversified Application Base Niche & Diversified Product Mix Over 2,500- acre land bank available at Licensed technology from Arkema Catering to over 15 industries with Diversified product mix of Sahupuram facility provides easy
Slide 9: Capital Expenditure
Capital Expenditure • To further strengthen its position, DCW has planned a capital expenditure of INR 125 Crs to make further inroads into Specialty Chemicals and expand its CPVC capacity and with line-balancing capex to increase the utilization of SIOP capacity to near 100% from current levels. •
Slide 10: Financial Highlights
Business Overview Financial Highlights Historical Financial Overview 9
Slide 11: Key Financial and Operational Highlights
Key Financial and Operational Highlights Q1-FY24 Operational Highlights: • Revenue declined primarily due to price erosion across all Commodity Product Segments, with a drop of 35% YoY in net realisations in PVC & Q1-FY24 Financial Performance Caustic Soda, and 9% and 5% respectively on QoQ basis, a
Slide 12: Quarterly Key Segmental Performance
Quarterly Key Segmental Performance Revenue (INR Mn) & EBITDA Margin (%) C-PVC SIOP Caustic Division PVC Soda Ash 3,192 2,564 588 411 408 989 473 464 1,932 867 2,053 268 1,344 1,653 602 39.7% 23.0% 34.1% 29.5% 30.4% 29.4% 17.2% 30.5% 39.0% 10.9% 22.2% -2.0% -0.5% 13.0% 11.4% Q1-FY23 Q4-FY23 Q1-FY24
Slide 13: Quarterly Consolidated Financial Performance
Quarterly Consolidated Financial Performance Particulars (INR Mn) Q1-FY24 Q1-FY23 Y-o-Y Q4-FY23 Q-o-Q Operational Income 4,380 7,687 (43.0)% 5,881 (25.5)% Total Expenses 3,869 6,470 (40.2)% 4,886 (20.8)% EBITDA 511 1,217 (58.0)% 995 (48.6)% EBITDA Margins (%) 11.67% 15.83% (416) Bps 16.92% (525) Bps
Slide 14: Historical Financial Overview
Business Overview Financial Highlights Historical Financial Overview 13
Slide 15: Historical Income Statement
Historical Income Statement Particulars (INR Mn) FY21 FY22 FY23 Q1-FY24 Operational Income 14,643 24,547 26,338 4,380 Total Expenses 12,549 21,299 22,053 3,869 EBITDA 2,094 3,248 4,285 511 EBITDA Margins (%) 14.30% 13.23% 16.27% 11.67% Other Income 113 61 153 40 Depreciation 874 885 902 227 Interest
Slide 16: Historical Balance Sheet
Historical Balance Sheet Particulars (INR Mn) FY21 FY22 FY23 Particulars (INR Mn) FY21 FY22 FY23 ASSETS EQUITY AND LIABILITIES Non-Current Assets Equity Property, Plant & Equipment 13,962 13,386 12,839 Share Capital 522 522 590 Other Equity 6,350 7,496 9,661 Capital Work in progress 38 81 597 Total
Slide 17: Financial Performance
Financial Performance Revenue From Operations (INR Mn) EBITDA (INR Mn) & EBITDA Margins % PAT (INR Mn) 26,338 4,285 24,547 1,920 3,248 14,643 1,075 12,773 2,094 11.67% 1,465 4,380 16.27% 100 14.30% 13.23% 11.47% 511 38 FY20 FY21 FY22 FY23 Q1-FY24 FY20 FY21 FY22 FY23 Q1-FY24 FY20 FY21 FY22 FY23 Q1-FY
Slide 18: Capital Market Data
Capital Market Data Stock Performance Data (As on 30th June, 2023) 80% 70% 60% 50% 40% 30% 20% 10% 0% -10% Jul-22 Aug-22 Sep-22 Oct-22 Nov-22 Dec-22 Jan-23 Feb-23 Mar-23 Apr-23 May-23 Jun-23 DCW Sensex Price Data (As on 30th June, 2023) INR Shareholding Pattern (As on 30th June, 2023) Face Value 2.0
Slide 19: Disclaimer
Disclaimer DCW Ltd. No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Such information and opinions are in all events not current af
Slide 20: Thank You
THANK YOU 19