Apcotex Industries Ltd · NSE:APCOTEXIND
Apcotex Industries — Q3 FY2023 Earnings Presentation
13 slides from Apcotex Industries's earnings presentation, Jan 27, 2023
Slide 1: Exchange filing cover letter
Date: 27th January 2023 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 Q3/9M-FY23
EARNINGS PRESENTATION Q3/ 9M-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 24.0% which was headed by Mr. Atul Choksey, former MD of Asian Paints. T
Slide 5: Financial Highlights
Financial Highlights Q3-FY23 Financial Highlights 9M-FY23 Financial Highlights INR 2,341 Mn INR 306 Mn INR 8,238 Mn INR 1,244 Mn Operational Revenue EBITDA Operational Revenue EBITDA 13.07% INR 204 Mn 15.10% INR 847 Mn EBITDA Margin Net Profit EBITDA Margin Net Profit 8.71% INR 3.93/share 10.28% INR
Slide 6: Q3/9M-FY23 Operational Highlights
Q3/9M-FY23 Operational Highlights • In Q3-FY23 volume grew by 1% year on year as the plant capacities were fully utilized • Revenue declined due to reduction in realizations • EBITDA declined primarily due to: • Raw material and finished goods inventory losses in Q3-FY23 due to sharp decline in pric
Slide 7: Quarterly Financial Performance
Quarterly Financial Performance Particulars (INR Mn) Q3-FY23 Q3-FY22 Y-o-Y Q2-FY23 Q-o-Q Operational Revenue 2,341 2,508 (6.7)% 2,832 (17.3)% Total Expenses 2,035 2,169 (6.2)% 2,380 (14.5)% EBITDA 306 339 (9.7)% 452 (32.3)% EBITDA Margins 13.07% 13.52% (45) Bps 15.96% (289) Bps Depreciation 37 37 NA
Slide 8: 9M-FY23 Financial Performance
9M-FY23 Financial Performance Particulars (INR Mn) 9M-FY23 9M-FY22 Y-o-Y Operational Revenue 8,238 6,794 21.3% Total Expenses 6,994 5,848 19.6% EBITDA 1,244 946 31.5% EBITDA Margins 15.10% 13.92% 118 Bps Depreciation 111 105 5.7% Finance Cost 45 25 80.0% Other Income 60 63 (4.8)% PBT 1,148 879 30.6%
Slide 9: Historical Income Statement
Historical Income Statement Particulars (INR Mn) FY20 FY21 FY22 9M-FY23 Operational Revenue 4,960 5,406 9,569 8,238 Total Expenses 4,626 4,708 8,171 6,994 EBITDA 334 698 1,398 1,244 EBITDA Margins 6.73% 12.91% 14.61% 15.10% Depreciation 134 145 141 111 Finance Cost 13 38 32 45 Other Income 59 52 79
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 (%) 9,569 1,398 988 8,238 1,244 847 4,960 5,406 698 442 14.6% 15.1% 10.3% 10.3% 334 12.9% 8.2% 166 6.7% 3.4% FY20 FY21 FY22 9M-FY23 FY20 FY21 FY22 9M-FY23 FY20 FY21 FY22 9M-FY
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