Fine Organic Industries Ltd. · NSE:FINEORG
Fine Organic Industries — Investor Presentation (February 2025)
35 slides from Fine Organic Industries's investor presentation, Feb 5, 2025
Slide 1: Regulation 30 disclosure cover letter to exchanges
Date: February 05, 2025 To To BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Plot No. C/l, “6” Block, Exchange Plaza Dalal Street, Bandra Kurla Complex, Bandra (East) Mumbai - 400 001 Mumbai - 400 051 Security Code: 541557 Symbol: FINEORG Dear Sir/Madam, Subject: Dis
Slide 2: Investor Presentation February 2025
Investor Presentation February’25
Slide 3: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Fine Organic Industries Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for a
Slide 4: The Fine Story of Success
A FINE ORGANICS THE FINE STORY OF SUCCESS
Slide 5: Expertise in Oleochemistry
Expertise in Oleochemistry An established and reputed international player of 01 specialty additives, rooted in India A Technical Pinch of salt in the end product making a 02 HUGE difference in the product performance Making Things Better®️ We create Specialty additives for diverse applications, Sol
Slide 6: Why FINE additives are preferred?
Why FINE additives are preferred? Demand for specialty green additives is increasing Green additives from FINE have Increasing consumer awareness for successfully substituted potentially, environment has resulted in harmful chemicals across various remarkable preference for ‘Green’ industries like p
Slide 7: High-Performance Environment-Friendly Additives
High-Performance Environment-Friendly Additives
Slide 8: Over 50 years of Journey
Over 50 years of Journey Established R&D Centre Signed JV with Netherlands Amalgamated Fine Research Commissioned first food in Navi Mumbai based bakery premix and Development Centre Pvt additives facility in Dombivli manufacturer Zeelandia Ltd and Fine Specialty Commissioned large International Sur
Slide 9: A Fine Family
A Fine Family 850+ >35% >11% >8% Employees completed 25 Employee Strength Women Employees* 2nd Generation Employees years of journey with us Integrity is both a value as well as a character that is Creating and encouraging home grown leadership embedded in every Fine Organics employee, with the sign
Slide 10: Strength Formulae for Success of FINE ORGANICS
Strength Formulae for Success of FINE ORGANICS Strong R&D & Innovation 1 led Business Diversified Product + Portfolio 2 Technology Relentless Specialized Business Development Focus 3 Model 5 Highly Experienced Management Team Diversified Customer Base 4 = Innovative Products and Solutions Dominant P
Slide 11: 1. Strong R&D: Innovative Approach
1. Strong R&D : Innovative Approach Step 01 Strong R&D Capabilities ▪ Value Creation; Effective and Efficient Focus on technical support to customers ▪ Dedicated team of 33 Scientists and Developing New Technicians Products Step 02 In-House Design and Engineering Improving Process ▪ In-house capabil
Slide 12: With Industry Standards and Regulatory Credentials
With Industry Standards and Regulatory Credentials ▪ Setting new benchmarks in quality and consistency Fine’s facilities are fully geared towards ▪ High safety and productivity standards meeting growing Global Regulations ▪ Products are appreciated by customers worldwide for their consistent quality
Slide 13: 2. Diversified Product Portfolio: Multiple End-users
2. Diversified Product Portfolio : Multiple End-users ▪▪ Pioneer The diversity of oleochemistry hasemulsifiers enabled usintoIndia develop a wide range of additives for PVC, 01 ▪ Expanded in manufacturing Polyolefins, itsStyrenics, of food Polyamidesagents, range to anti-fungal & otherbread engineer
Slide 14: 2. Diversified Product Portfolio: Multiple End-users
2. Diversified Product Portfolio : Multiple End-users Food Polymer Additives for Emollients for Feed Nutrition Specialty Additives Additives Coatings Cosmetics Additives Additives Additives for maintaining Used for various Used as anti-settling Enables manufacturing of Replaces harmful A wide range
Slide 15: 3. Specialised Business Model: Entry Barriers
3. Specialised Business Model : Entry Barriers Limited Players Customer Loyalty ▪ Lengthy & expensive product approval processes lead to ▪ Limited & small players in Indian specialty additives high switching costs for customers. Due to this, market. Globally Few players which are very large customer
Slide 16: 4. Diversified Customer Base
4. Diversified Customer Base Warehouses in USA & Europe Products 510+ End Users 5200+ Countries 80+ Direct Customers 890+ Distributors 200+ Map not to scale. All data, information and maps are provided “as is” without warranty or any representation of accuracy, timeliness or completeness 15
Slide 17: 5. Highly Experienced Board of Directors
5. Highly Experienced Board of Directors Mukesh Shah - Chairman and Jayen Shah - Managing Director Tushar Shah - Executive Director and Director CEO • Joined in 1986. Holds a Master’s degree ▪ Joined in 1973. Holds a Bachelor’s ▪ Joined in 1989 and led several in Science degree in Science initiative
Slide 18: 6. Dominant Position
6. Dominant Position Pioneers and the Fully automated One of the few One of the few largest One of the few leading players to production global players in manufacturers of global players in the develop facility multiple the specialty food specialty green polymer additives proprietary production site
Slide 19: Our Sustainable Value Creation Framework
Our Sustainable Value Creation Framework Financial Capital We are committed to delivering value to all our stakeholders (i.e., employees, shareholders, governments, and communities) by injecting capital employment across our value chain Intellectual Capital Investing in research and consumer marketi
Slide 20: Industry growth potential factors
Industry growth potential factors Key Additives & End-Use Industry Growth Drivers Ingredients Applications FOOD ADDITIVES ▪ Emulsifiers ▪ Bakery products ▪ Increased consumption ▪ Anti-fungal agents ▪ Confectionery ▪ Increased number of end-user ▪ Beverage cloudifier ▪ Biscuits applications ▪ Anti-c
Slide 21: Industry growth potential factors
Industry growth potential factors Key Additives & End-Use Industry Growth Drivers Ingredients Applications COATING AND SPECIALITIES ▪ Lube additives ▪ Automotive lubricants ▪ Increase in infra-projects ▪ Property modifiers ▪ Roads and highway ▪ Growth in automobile sales ▪ Anti-corrosive additives ▪
Slide 22: Financial Highlights
a _ — Financial Highlights _—- aes ae.
Slide 23: Q3 & 9M FY25 Business Highlights
Q3 & 9M FY25 Business Highlights ✓ Revenue and Demand Composition: ✓ In 9M FY25, the domestic and export for 43% and 57%, respectively, while in Q3 FY25, they stood at 44% and 56% of the revenue from operations ✓ In Q3 FY25, there was a slight dip in demand from export markets on a QoQ basis, wherea
Slide 24: RM Prices Volatility
RM Prices Volatility 2200 Price in Rs / 10 KG 2000 1800 1600 1400 1200 1000 800 600 SOYA REFINED OIL RAPESEED EXP OIL PALMOLIEN COTTON REF OIL RICEBRAN REF OIL SUNFLOWER REF OIL GROUNDNUT OIL COCONUT OIL CASTOR OIL Source – RK Singhal (Vishwa Vyapar) 23
Slide 25: Standalone Performance Highlights
Standalone Performance Highlights Revenues EBITDA PAT Rs in Crores 522 104 89 92 426 70 Q3FY24 Q3FY25 Q3FY24 Q3FY25 Q3FY24 Q3FY25 1,625 369 301 1,430 349 263 9MFY24 9MFY25 9MFY24 9MFY25 9MFY24 9MFY25 24
Slide 26: 9MFY25 Standalone Operating Performance
9MFY25 Standalone Operating Performance Operating EBITDA & Revenues Margins Rs in Crores +17% 23.0% 17.1% 18.8% 25.8% 24.6% 22.7% 3,029 +19% 1,951 781 1,858 68% 1,625 52% 481 1,026 1,121 60% 369 57% 349 Exports 55% 55% 236 192 40% 32% 48% 43% Domestic 45% 45% FY20 FY21 FY22 FY23 FY24 9MFY25 FY20 FY2
Slide 27: Use of Capital (Standalone)
Use of Capital (Standalone) Net Debt to Equity Fixed Asset Turnover Net Cash Position 12.26x -0.13x 7.10x -0.16x 7.39x 4.90x 5.72x -0.22x 7.77x -0.24x 5.40x 3.37x 3.26x 2.34x 2.20x -0.31x 2.29x FY20 FY21 FY22 FY23 FY24 H1FY25# -0.52x FY20 FY21 FY22 FY23 FY24 H1FY25# Fixed Asset Turnover (Gross) = Ne
Slide 28: Standalone Return Profile
Standalone Return Profile Return on Capital Employed Return on Net Worth 47.34% 38.80% 26.40% 26.15% 30.35% 26.66% 22.82% 19.75% 18.91% 21.31% 17.55% 15.55% FY20 FY21 FY22 FY23 FY24 H1FY25# FY20 FY21 FY22 FY23 FY24 H1FY25# Return on Capital Employed = EBIT (excluding Other Income) / (Total Return on
Slide 29: Standalone Profit & Loss Statement
Standalone Profit & Loss Statement Particulars (Rs in Crs) Q3FY25 Q3FY24 YoY Q2FY25 QoQ 9MFY25 9MFY24 YoY FY24 Revenue from Operations 521.5 425.8 22.5% 595.5 -12.4% 1,625.3 1,429.6 13.7% 1,951.1 Cost of Raw Material Consumed 322.4 247.9 354.0 970.1 825.7 1,119.9 Gross Profit 199.1 177.9 11.9% 241.4
Slide 30: Consolidated Performance Highlights
Consolidated Performance Highlights Revenues EBITDA PAT Rs in Crores 513 118 94 488 99 83 Q3FY24 Q3FY25 Q3FY24 Q3FY25 Q3FY24 Q3FY25 1,659 391 389 313 1,576 297 9MFY24 9MFY25 9MFY24 9MFY25 9MFY24 9MFY25 29
Slide 31: 9MFY25 Consolidated Operating Performance
9MFY25 Consolidated Operating Performance Revenues Operating EBITDA & Margins Rs in Crores 22.7% 17.5% 19.4% 27.5% 25.2% 23.5% +20% 3,023 23% 2,123 831 1,876 1,659 534 1,038 1,133 389 364 235 198 FY20 FY21 FY22 FY23 FY24 9MFY25 FY20 FY21 FY22 FY23 FY24 9MFY25 PAT & Margins Cash PAT & Margins 15.9% 1
Slide 32: Use of Capital (Consolidated)
Use of Capital (Consolidated) Net Debt to Equity Fixed Asset Turnover 12.24x -0.14x -0.18x 7.17x 8.04x 7.64x -0.23x -0.28 4.95x -0.32x 4.18x 5.19x 3.40x 3.25x 3.13x 2.29x 2.37x -0.55 FY20 FY21 FY22* FY23 FY24 H1FY25# FY20 FY21 FY22 FY23 FY24 H1FY25# Fixed Asset Turnover (Gross) = Net Revenue from Op
Slide 33: Consolidated Return Profile
Consolidated Return Profile Return on Capital Employed Return on Net Worth 49.82% 40.10% 26.63% 27.09% 31.80% 27.00% 21.44% 20.73% 24.74% 23.39% 16.45% 18.41% FY20 FY21 FY22 FY23 FY24 H1FY25# FY20 FY21 FY22 FY23 FY24 H1FY25# Return on Capital Employed = EBIT (excluding Other Income) / (Total Return
Slide 34: Consolidated Profit & Loss Statement
Consolidated Profit & Loss Statement Particulars (Rs in Crs) Q3FY25 Q3FY24 YoY Q2FY25 QoQ 9MFY25 9MFY24 YoY FY24 Revenue from Operations 513.2 488.4 5.1% 595.8 -13.9% 1,658.7 1,576.1 5.2% 2,123.0 Cost of Raw Material Consumed 310.9 277.4 340.9 962.0 911.3 1,217.0 Gross Profit 202.4 211.0 -4.1% 254.9
Slide 35: Thank You
THANK YOU Company: CIN: L24119MH2002PLC136003 Ms. Sonali Bhadani Chief Financial Officer investors@fineorganics.com Investor Relations Advisors: CIN: U74140MH2010PTC204285 Mr. Mandar Chavan / Mr. Rahul Agarwal +91 9699382195 / +91 9821438864 Email: mandar.chavan@sgapl.net / rahul.agarwal@sgapl.net w
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