Bodal Chemicals Limited · NSE:BODALCHEM
Bodal Chemicals — Q3 FY2021 Earnings Presentation
36 slides from Bodal Chemicals's earnings presentation, Feb 9, 2021
Slide 1: Bodal Chemicals Ltd. – Exchange Submission Letter
Bodal Chemicals Ltd. CO LO UR S. INTEGRATION. INNOVATION . By Online Submission Sec/20-21/135 Date: 09-02-2021 To, To, The General Manager, The General Manager, BSE Ltd. National Stock Exchange of India Ltd. 1st Floor, New Trading Ring, Exchange Plaza, Rotunda Building, P.J. Tower, Plot no. C/1, G B
Slide 2: Investor Presentation Q3 & 9MFY21
Investor Presentation Q3 & 9MFY21 9th February 2021
Slide 3: Disclaimer
Disclaimer This presentation contains statements that contain “forward looking statements” including, but without limitation, statements relating to the implementation of strategic initiatives, and other statements relating to Bodal Chemicals’ future business developments and economic performance. W
Slide 4: Quarterly Performance
i. Bodal Chemicals Ltd. Quarterly Performance
Slide 5: Q3FY21 Performance
Q3FY20 Performance Q3FY21 Performance Operational Highlights ➢ For Q3FY21, production of Dye Intermediates and Basic Chemicals improved 43% and 33% YoY respectively while production of Dyestuffs remained flat YoY. ➢ We expect Dyestuffs production levels to improve from Q4FY21 due to gradual increase
Slide 6: Financial – Standalone Basis
Q3FY20 Performance Financial – Standalone Basis (Rs. million) Particulars Q3FY21 Q3FY20 YoY (%) Revenue from operations 3,307 3,012 10% Other income 47 57 -18% Total Income 3,354 3,070 9% Raw materials consumed 2,121 2,019 5% Employee benefits 191 188 2% Other expenses 657 583 13% Total expenses 2,9
Slide 7: Revenue Breakup (Standalone)
Q3FY20 Performance Revenue Breakup Breakup (Standalone) Sub-Segment Others Q3FY2021 Q3FY2020 Others By Sub-Segment Basic 11% Chemicals Basic 13% Segment 12% Dye Chemicals Dye Intermediates 9% Intermediates 42% 37% Dyestuffs Dyestuffs ByBy 35% 41% Q3FY2021 Q3FY2020 By Geography By Geography Export 32
Slide 8: Nine Monthly Performance
i. Bodal Chemicals Ltd. Nine Monthly Performance
Slide 9: 9MFY21 Performance
Q3FY20 Performance 9MFY21 Performance Operational Highlights ➢ 9MFY21 financial performance is not comparable to 9MFY20 due to Q1FY21 being impacted by the lockdown because of Covid-19. ➢ For 9MFY21, production of Dyestuffs, Dye Intermediates and Basic Chemicals declined by 45%, 37% and 24% YoY resp
Slide 10: Financial – Standalone Basis
Q3FY20 Performance Financial – Standalone Basis (Rs. million) Particulars 9MFY21 9MFY20 YoY (%) Revenue from operations 7,237 8,920 -19% Other income 155 106 46% Total Income 7,392 9,026 -18% Raw materials consumed 4,857 5,681 -15% Employee benefits 539 533 1% Other expenses 1,497 1,777 -16% Total e
Slide 11: Revenue Breakup (Standalone)
Q3FY20 Performance Revenue Breakup Breakup (Standalone) Sub-Segment Others 9MFY21 Basic Others 9MFY20 By Sub-Segment Basic 11% Chemicals 6% Chemicals Segment Dye 11% Dye 12% Intermediates Intermediates 41% 37% Dyestuffs Dyestuffs ByBy 36% 46% 9MFY21 9MFY20 By Geography By Geography Export 34% Export
Slide 12: Consolidated Performance
Consolidated Performance 11
Slide 13: Consolidated Financials
Q3FY20 Performance Consolidated Financials Subsidiaries (Rs. million) Q3FY21 Particulars SPS BCTPL BCL-China Sener Boya Total Income 339 81 73 236 EBITDA 30 1 12 75 PAT 2 1 9 30 Consolidated Financials (Rs. million) Quarterly Nine Monthly Particulars Q3FY21 Q3FY20 9MFY21 9MFY20 Operational Revenue 3
Slide 14: Segment Wise Data
Segment Wise Data i. Bodal Chemicals Ltd. 13
Slide 15: Sale of Products
Q3FY20 Performance Sale of Products (Rs. million) Geography- wise Revenues Q3FY21 % Share Q3FY20 % Share YoY (%) Domestic 2,251 68% 1,668 54% 35% Export 1,043 32% 1,409 46% -26% Total 3,294 100% 3,077 100% 7% Sub-Segment-wise Revenues Q3FY21 % Share Q3FY20 % Share YoY (%) Dye Intermediates 1,382 42%
Slide 16: Production Data
Q3FY20 Performance Production Data Production MT Q3FY21 Q3FY20 YoY (%) Dyestuffs 4,476 4,530 -1% Dyes Intermediates 7,166 5,022 43% Basic Chemicals 56,757 42,532 33% Production MT 9MFY21 9MFY20 YoY (%) Dyestuffs 9,623 13,885 -31% Dyes Intermediates 14,750 17,064 -14% Basic Chemicals 1,34,759 1,45,22
Slide 17: Diversification and Acquisition
Diversification and Acquisition 16
Slide 18: Projects at Saykha - Gujarat
Projects at Saykha - Gujarat ▪ Bodal Chemicals Ltd (Bodal) announces increase in the capacity of Specialty Benzene Downstream Products from 55,000 MTPA (announced in September 2020 board meeting) to 78,960 MTPA. Capacity of Sulphuric Acid & its derivatives remain unchanged at 3,40,000 MTPA. ▪ Total
Slide 19: Siel Chemical Complex (SCC) (1/2)
Siel Chemical Complex (SCC) (1/2) ▪ Bodal Chemicals Ltd (Bodal) announces acquisition of Siel Chemical Complex (SCC), which is a unit of Mawana Sugars Ltd, located at Rajpura, Punjab. SCC is built on a fully developed land area of ~124 acres (of which ~60 acres is surplus). ▪ SCC is one of the large
Slide 20: Siel Chemical Complex (SCC) (2/2)
Siel Chemical Complex (SCC) (2/2) ▪ Bodal will acquire SCC at total cost of around Rs 137cr on slump sale basis (plus stamp duty of around Rs 6cr). ▪ After acquisition, Bodal will upgrade the technology of the plant which will result in substantial reduction in the power costs, annual repair & maint
Slide 21: Management Comments
Management Comments i. Bodal Chemicals Ltd. 20
Slide 22: Management Comments
Management Comments ▪ Total production during Q3FY21 improved by 31% YoY to 68,400 MT. For Q3FY21 on standalone basis, Basic Chemicals production (including Thionyl Chloride) stood at 56,757 MT (+33% YoY), Dye Intermediates production was 7,166 MT (43% YoY) and Dyestuffs (powder) production was 4,47
Slide 23: Management Comments
Management Comments ▪ We have started the production at Trion Chemicals (Trion) plant from September 2020 and production reached to around 230 MT per month in Q3FY21. Trion plant is expected to contribute to profitability going forward. ▪ SPS plant has all the approvals in place to commence manufact
Slide 24: Company Profile
Company Profile i. Bodal Chemicals Ltd. 23
Slide 25: Vision and Mission Statements
Vision and Mission Statements Vision “ To become one of the prominent chemical company with distinctive integrated production models and varied products portfolio on a global arena ” Mission “ To achieve sustainable growth in business by providing best quality products & services to customers, takin
Slide 26: History of Bodal Chemicals Ltd (Bodal)
History of Bodal Chemicals Ltd (Bodal) ▪ Bodal was incorporated in 1989 by Mr. Suresh Patel, a first-generation entrepreneur. Bodal commenced its operations by setting up small Vinyl Sulphone plant at Ahmedabad (Gujarat). ▪ At present there are three sub - segments of Products: ✓ Dye Intermediates (
Slide 27: History of Bodal Chemicals Ltd (Bodal)
History of Bodal Chemicals Ltd (Bodal) ▪ Bodal has strong presence across the globe. At present Bodal exports around 45% of its sales to 150+ customers in more than 45 countries. ▪ Subsidiaries: 1. S P S Processors Pvt. Ltd. (SPS) – 70% holding 2. Bodal Chemicals Trading Private Ltd. (BCTPL) – 100%
Slide 28: Bodal at a Glance
Bodal at a Glance Bodal is one of the largest manufacturers and exporters 30+ 10 5 years of experience Manufacturing Operating of multiple chemical (Incorporated in Facilities Subsidiaries products including Dyestuffs, the year 1989) Dye Intermediates, Basic Chemicals, and its variants. Bodal’s wide
Slide 29: Timeline
Timeline 2006 Listed on BSE-reverse merger 2017 with Dintex Dye Chem (Unit I) Acquired 70%: SPS Processors (Zero Discharge) Acquired stake in Trion Chemicals, TCCA specialist (Zero 2006 Discharge) Acquired Unit IV 2018 2007 Dyestuff expansion by 12,000MTPA, Started building Unit VII Addition of 5MW
Slide 30: Integrated Business Model
Integrated Business Model 29
Slide 31: Manufacturing Value Chain
Input Materials – part/full in-house Manufacturing Value Chain Input Materials – external Bodal Chemicals Products End use industries End Use Input Materials Basic Chemicals Dye Intermediates Dyestuff Trion Chemicals Industry Water Vinyl Sulphone + Derivatives Reactive Dyes Textiles Para Nitro Anili
Slide 32: Integrated Products Portfolio
Integrated Products Portfolio Segment Product Revenue Share Production Utilization* 9MFY21(%) Capacity (9MFY21) Sulphuric Acid Chlorosulphonic Acid Sulphur Trioxide Oleum 23% & 65% Basic Chemical Sodium Bisulphate ~12.1% 2,26,000 MT 79.5% Acetanilide Thionyl Chloride Beta Nephthol Para Nitro Aniline
Slide 33: Shareholding Data
Bodal Chemicals Ltd. Shareholding Data
Slide 34: Shareholding Data
Q3FY20 Performance Shareholding Data Shareholding Pattern – December 2020 Promoter & Promoter Group 36.7% Foreign Portfolio Investors Others 59.0% 4.3% Share Data Points Share Price Performance 105 95 Share Price (Rs) 75 85 75.2 75 Market Capitalization (Rs mn) 9,193 65 55 45 52 week - High – Low (R
Slide 35: Q3FY21 Conference Call
Q3FY21 Conference Call Management will discuss results of Q3FY21 and Outlook on a conference call on 9th February 2021 at 4.30 PM IST. The conference call dial-in numbers are: Primary number: +91-22-6280-1106 / +91-22-7115-8007 Local access number: +91-70456-71221 The numbers listed above are univer
Slide 36: Thank You
Thank You For any queries, please contact: Meet Chande Mayur Padhya IR, Bodal Chemicals Ltd. CFO, Bodal Chemicals Ltd. ir@bodal.com mayur@bodal.com Ph: +91 79 6816 0100 +91- 99099 41324 35