Apcotex Industries Ltd · NSE:APCOTEXIND
Apcotex Industries — Investor Presentation (December 2021)
25 slides from Apcotex Industries's investor presentation, Dec 7, 2021
Slide 1: Cover letter to stock exchanges
Date: 7th December 2021 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 2021
INVESTOR PRESENTATION DECEMBER 2021
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 br
Slide 6: Company Overview
Company Overview 5
Slide 7: Company Overview
Company Overview Op. Revenue (INR Mn) and Operating EBITDA Margin (%) ▶ The company’s Taloja plant was established in 1980 as a division of Asian 7000 14.2% 16.0% Paints (India) Ltd. In 1991, the division was spun off as a separate company, 6000 10.8% 14.0% which was headed by Mr. Atul Choksey, form
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 CHOKSEY Technology, Chicago, USA and has more than four decades MR. ABHIRAJ •He is a Bachelor of Science in Economics from Wharton of experience in managing the affairs of the Company. He is
Slide 9: Key Milestones
Key Milestones 1980 1991 1998 2005 2009 2013 2014 2016 2019 Started as The company Started Name Started Installed Responsible Synergistic Reported division of was spun off Synthetic changed to Acrylic capacity of care and TPM acquisition of highest ever Asian Paints as a division Rubber Apcotex emul
Slide 10: Industry Clients
Industry Clients Valia Facility, Gujarat PAPER (16,000 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 HOSES & LPG Vansh Industri
Slide 11: R&D and Quality Control
R&D and Quality Control PRODUCT DEVELOPMENT LAB DCS PROCESS CONTROL PRODUCT APPLICATION LAB QUALITY ASSURANCE LAB The company has been continuously upgrading their technology through in house research & development efforts to meet the changing needs of customers Currently 47 employees are dedicated
Slide 12: Quality Certifications
Quality Certifications Integration Safety ISO TPM Of Quality, Excellence 14001:2004, Valia plant TPM Excellence Environment TPM ISO OHSAS Responsible Journey Grade by Category and OHSAS Consistency RC 9001 18001:2007 Care Certified starts Telos A Systems Award certified certified Certified 2000 2006
Slide 13: Key Strengths
Key Strengths Dummy Title Experienced Promoters along with professional management team Only producer of Nitrile Rubber and High Marquee list of clients Styrene Rubber in India. Strategic location of Apcotex is a Globally manufacturing units in India and Reputed Brand lean business operations High e
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: Income Statement
Income Statement Particulars (INR Mn) FY19 FY20 FY21 H1-FY22 Revenue 6,257 4,960 5,406 4,286 Total Expenses 5,581 4,626 4,708 3,679 Operating EBITDA 676 334 698 607 Operating EBITDA Margin 10.80% 6.80% 12.91% 14.16% Depreciation 118 134 145 69 Finance Cost 18 13 38 17 Other Income 77 59 52 41 PBT 61
Slide 22: Balance Sheet
Balance Sheet Particulars (INR Mn) FY20 FY21 H1-FY22 Particulars (INR Mn) FY20 FY21 H1-FY22 Shareholders Fund 2,513 3,054 3,528 Total Non Current Assets 1,916 2,383 2,658 Equity Share Capital 104 104 104 Property, Plant and 1,239 1,441 1,563 Equipment Other Equity 2,409 2,950 3,424 Capital Work in p
Slide 23: Historical Performance Indicators
Historical Performance Indicators Operational Revenue (In Mn) Operating EBITDA and EBITDA Margin PAT and PAT Margin 7000 6,257 800 14.2% 16.0% 10.3% 6000 5,382 5,406 10.8% 12.9% 500 7.5% 8.2% 12.0 4,960 700 11.9% 14.0% 450 7.2% 5000 4,286 600 12.0% 400 10.0 4000 500 350 10.0% 8.0% 400 6.7% 8.0%300 3
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
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