Slide 1: Q1 FY24 Results Presentation
www.godeepak.com RESPONSIBLE CHEMISTRY Q1 FY24 Results Presentation August 03, 2023 Rs. 1,800 crore Rs. 202 crore Turnover (in Q1 FY24) PBT (in Q1 FY24)
Slide 2: Tribute to Shri C. K. Mehta, Founder & Chairman Emeritus
Tribute to Shri C. K. Mehta, Founder & Chairman Emeritus RESPONSIBLE CHEMISTRY Shri C. K. Mehta envisioned in 1970 - more than 50 years ago, a dream to 'Make in India' - to set up a chemical plant based on indigenous technology at Vadodara, which led to incorporation of Deepak Nitrite Limited He
Slide 3: Contents
Contents RESPONSIBLE CHEMISTRY Q1 FY24 Awards & Company Performance Accolades and Overview Overview & Project Highlights Updates 4 6 9 Q1 FY24 Performance Financial of Strategic Annexures Highlights Business Units 12 14 17 3
Slide 4: Deepak Nitrite Limited: A Leading Chemical Intermediates Producer
Deepak Nitrite Limited: A Leading Chemical Intermediates Producer RESPONSIBLE CHEMISTRY Company Overview Deepak Nitrite (DNL) is one of the fastest growing and trusted chemical intermediates company in India with a diversified portfolio of products that caters to multiple industries with myriad appl
Slide 5: Company overview: Exemplary track record
Company overview: Exemplary track record RESPONSIBLE CHEMISTRY Seizing the opportunity Excellence in execution Value creation Delivered marked improvement Sustained increase in return ratios, Consistently rewarded across various parameters with zero debt levels shareholders Market Cap. (in ₹ Crore)
Slide 6: Performance highlights – Q1 FY24 (Consolidated)
Performance highlights – Q1 FY24 (Consolidated) RESPONSIBLE CHEMISTRY Key numbers Particular Q1 FY24 Q-o-Q Y-o-Y (Rs. Crore) 13% 81:19 11% 0.00x Domestic : Exports Consol. Net D/E EBITDA Margin for EBIT Margin for Revenue Mix for Ratio for Revenue 1,800 -9% -13% Q1 FY24 Q1 FY24 Q1 FY24 Q1 FY24 Perfo
Slide 7: Performance overview & other highlights
Performance overview & other highlights… RESPONSIBLE CHEMISTRY The Company achieved the highest-ever SNI production in May 2023 The Phenol plant clocked Highest-Ever daily production but also had annual shutdown Enhanced wallet shares in several products Commenced exporting product to China
Slide 8: Awards & Accolades
Awards & Accolades RESPONSIBLE CHEMISTRY Shri Deepak C. Mehta – Trustee, Deepak The Company was awarded Certificate of Foundation felicitated with Hurun Edelgive Shri Sanjay Upadhyay, Director Finance and Excellence and Trophy by Paryavaran Today Philanthropy Award 2023 for excellence in Group CFO W
Slide 9: Update on Projects (1/2)
Update on Projects (1/2) RESPONSIBLE CHEMISTRY Project Status Approved projects are being executed and within contemplated timelines Key hirings across several functions including Project Management, Procurement, Operations and support has been concluded for phase 1 projects Construction work
Slide 10: Update on Projects (2/2)
Update on Projects (2/2) RESPONSIBLE CHEMISTRY Project Status Acetone-derivatives project of MIBK and MIBC has seen significant progress on-ground including engineering works and ordering of equipment. The plant is expected to be commissioned on schedule in H1 FY25 and aims for downstream value- a
Slide 11: The next jump - MoU signed with Government of Gujarat
The next jump - MoU signed with Government of Gujarat RESPONSIBLE CHEMISTRY Deepak Chem Tech Limited signed Rs. 5,000 crore MoU with Government of Gujarat in the presence of Hon’ble Chief Minister Shri Bhupendra Patel and Hon’ble Minister of Rs. 5,000 crore Industries, Shri Balvantsinh Rajput DCTL s
Slide 12: Q1 FY24 – Financial Highlights
Q1 FY24 – Financial Highlights RESPONSIBLE CHEMISTRY Revenue (Rs. Cr.) EBITDA (Rs. Cr.) PAT (Rs. Cr.) 366 361 2,068 1,974 235 234 1,800 242 150 Q1 FY23 Q4 FY23 Q1 FY24 Q1 FY23 Q4 FY23 Q1 FY24 Q1 FY23 Q4 FY23 Q1 FY24 Y-o-Y -13% Q-o-Q -9% Y-o-Y -33% Q-o-Q -33% Y-o-Y -36% Q-o-Q -36% Topli
Slide 13: CMD Message
CMD Message RESPONSIBLE CHEMISTRY “We entered FY24 on a challenging note while navigating through several global macro-economic pressures and a slower-than-anticipated increase in consumption, leading to modest performance. The chemical industry faced difficulties due to China's opening up and desto
Slide 14: Advanced Intermediates
Advanced Intermediates RESPONSIBLE CHEMISTRY Revenue (Rs. Cr.) PBT (Rs. Cr.) 739 719 131 115 Q1 FY23 Q1 FY24 Q1 FY23 Q1 FY24 Y-o-Y -3% Y-o-Y -12% Key Highlights Amidst the on-going global challenges around inflation coupled with destocking and slowdown in Eurozone, the Company demonstrated imm
Slide 15: Phenolics
Phenolics RESPONSIBLE CHEMISTRY Revenue (Rs. Cr.) PBT (Rs. Cr.) 185 1,338 1,089 87 Q1 FY23 Q1 FY24 Q1 FY23 Q1 FY24 Y-o-Y -19% Y-o-Y -53% Key Highlights Revenue and EBITDA decline was in-line with contraction of Phenol spreads during the quarter on a Y-o-Y basis due to disproportionate imports
Slide 16: Outlook
Outlook RESPONSIBLE CHEMISTRY DNL stands to reap the benefits of the 'Make in India for the World' initiative and the resurgence of the China+1 strategy, with a plethora of opportunities emerging in the sector With projects close to ₹25 billion under execution across its key product lines, DNL i
Slide 17: Consolidated P&L Statement
Consolidated P&L Statement RESPONSIBLE CHEMISTRY Particulars ( ₹ crore) Q1 FY24 Q1 FY23 Y-o-Y (%) FY23 Revenue 1,768 2,058 -14% 7,972 Other Income 32 10 220% 48 Total Revenue 1800 2,068 -13% 8,020 Total Expenditure 1,558 1,702 -8% 6,683 • Raw Material consumption and change in inventory 1,224 1,361
Slide 18: Consolidated Segmental Financials – Revenue from Operations
Consolidated Segmental Financials – Revenue from Operations RESPONSIBLE CHEMISTRY Particulars ( ₹ crore) Q1 FY24 Q1 FY23 Y-o-Y (%) FY23 Advanced Intermediates 708 730 -3% 3,034 Phenolics 1,068 1,335 -20% 4,970 Less - Inter segment 8 7 32 Total 1,768 2058 -14% 7,972 18
Slide 19: Consolidated Segmental Financials – EBIT & Margin
Consolidated Segmental Financials – EBIT & Margin RESPONSIBLE CHEMISTRY Particulars ( ₹ crore) Q1 FY24 Q1 FY23 Y-o-Y (%) FY23 EBIT Advanced Intermediates 115 133 -14% 555 Phenolics 88 188 -53% 594 EBIT % Advanced Intermediates 16% 18% 18% Phenolics 8% 14% 12% 19
Slide 20: About Us & Contact Details
About Us & Contact Details RESPONSIBLE CHEMISTRY For further information, please contact: Deepak Nitrite Limited (NSE: DEEPAKNTR, BSE: 506401) is a leading chemical intermediates Somsekhar Nanda producer with a diversified portfolio that caters Chief Financial Officer to the dyes and pigments, agroc
Slide 21: Disclaimer
Disclaimer RESPONSIBLE CHEMISTRY This presentation contains forward-looking statements that involve risks and uncertainties. When used in this presentation, the words ‘anticipate,’ ‘belief,’ ‘estimate,’ ‘expect,’ ‘intend,’ ‘will’ and other similar expressions as they relate to the Company and its Bu
Slide 22: Thank You
RESPONSIBLE CHEMISTRY Thank You