Deepak Fertilisers And Petrochemicals Corporation Ltd. · NSE:DEEPAKFERT
Deepak Fertilisers And Petrochemicals — Investor Presentation (September 2023)
27 slides from Deepak Fertilisers And Petrochemicals's investor presentation, Sep 29, 2023
Slide 1: Intimation of Schedule of Analyst / Investor Meet
29th September, 2023 The Secretary Listing Department BSE Limited National Stock Exchange of India Ltd. Phiroze Jeejeebhoy Towers, Exchange Plaza, Dalal Street, Fort, Bandra - Kurla Complex, Bandra (E) Mumbai – 400 001 Mumbai – 400 051 BSE Code: 500645 NSE Code: DEEPAKFERT Subject: Intimation of Sch
Slide 2: Investor Presentation Sept 2023
(BSE: 500645; NSE: DEEPAKFERT) Investor Presentation Sept 2023
Slide 3: DFPCL: one of India's leading chemicals and fertilisers producers
US$ ~1.4 Billion Turnover Table of Content OVER DFPCL is one of India’s leading chemicals and fertilisers producer 40+ Years Industrial Rich Experience of Chemicals Developing 3 verticals (IC) 4 States Manufacturing Plants Leadership 2,100+ Position Employees Crop Nutrition US$ ~980 Mn+ Technical Bu
Slide 4: Diversified Product Offerings
Diversified Product Offerings A Multi-product, Multi-segment player catering to wide range of core segments of the Indian Economy Catering to strategic sectors of Indian economy Industrial Chemicals Crop Nutrition Technical Ammonium Nitrate • Pharmaceuticals • Agriculture • Mining • Nitro Aromatics
Slide 5: Market Leadership across Businesses
Market Leadership across Businesses Chemicals Segment Fertilisers Segment 20% 40% 43% 26% (in the core command areas) TAN Nitric Acid IPA ANP + NPK • Largest manufacturer of Nitric Acid in South East Asia • Only manufacturer of NP prill 24:24:0 fertiliser in India • Market leader in Bentonite Sulphu
Slide 6: Well diversified play in India's Growth Story
Well diversified play in India’s Growth Story Feedstock / Ammonia End Use Aligned to India’s Upstream Intermediate Derivatives Segments Growth Story Agriculture Crop Nutrition Horticulture Strategic sectors of Indian Pharmaceutical, Nitro Aromatics economy Industrial contributing Ammonia Chemicals ~
Slide 7: Geographical Presence
Geographical Presence Strategically located to cater to Agricultural and Industrial Heartlands of India Dahej, Gujarat Panipat, Haryana Capacity (KMTPA) Geographic Advantage Capacity (KMTPA) Geographic Advantage • DNA: 149 • Major customers of • Bensulf: 28 • Oil-seed growing belts of • CNA: 92 nitr
Slide 8: Transitioning from Commodity to Specialty
Transitioning from Commodity to Specialty Strengthening DFPCL’s market share and margins Nitric Acid - Bulk Industry Specific Grades Application Based Industry Specific Grades (Various Grades) (Solar/Steel Grade) Industrial Chemicals (IC) Industry Specific Downstream –Hand Electronic Grade IPA, IPA
Slide 9: Mining Chemicals Business
Mining Chemicals Business Partner for delivering value through Last Mile Execution Excellence, using Specialty Products and Customized Solutions, to the Mining and Infrastructure sectors of India Only producer of solid Ranked amongst the top 5 grade of TAN (explosive India’s largest TAN Commands 44%
Slide 10: Mining Chemicals Business
Mining Chemicals Business Adverse price fluctuations in TAN on account of import surges and drop in Russian FGAN prices Mining Chemicals (TAN) Revenue (Manufactured Sales Rs. Cr) Operational Highlights • Despite the high-base of Q1 FY23, all key market indicators are showing positive trends. Coal pr
Slide 11: Pharma / Speciality Chemicals Business
Pharma / Speciality Chemicals Business Diversified And Focused Range of High Value Products Industrial Chemicals Product Portfolio Capacity of Key Products: • IPA: 70 KMTPA • DNA: 889 KMTPA Acids Solvents Specialty Products Dahej, Gujarat • CNA: 231 KMTPA (Acid) • Methanol: 100 KMTPA • Liquid CO2: 7
Slide 12: Pharma / Speciality Chemicals Business
Pharma / Speciality Chemicals Business Better market conditions and Implementation of SGQR supported IPA Volumes Pharma / Speciality Chemicals (IPA+NA) Operational Highlights (Manufactured Sales Rs. Cr) • Q1 FY24 Nitric Acid volumes increased by 7% y-o-y. NA production was impacted due to extended s
Slide 13: CNB Business
CNB Business Enhanced Efficiency Differentiated Fertilizer Offerings Successful Ramp-up of Smartek – Demonstrated Ability to Develop & Scale up Value Based Solution • Smartek is a unique product in Energy Efficiency Fertilisers category with the proprietary Nutrient Unlock Technology (NUT) which hel
Slide 14: CNB Business
CNB Business Consumption in Q2 is expected to increase on account of good advancing monsoon and increasing sowing Fertilisers Revenue (Manufactured Sales Rs. Cr) Operational Highlights (NP + NPK + Bensulf) • Govt. notification on subsidy was announced in May’23, which reduced the NBS from Jan- March
Slide 15: Key Milestones
Key Milestones Corporate Restructuring Nitric Acid Brownfield Expansion Commercial Production of Long-term supply agreement Ammonia Greenfield Plant A Compendium with Aarti Industries Launched Croptek Cotton and Maize; Debottlenecking of TAN Capacity Solar Grade Nitric Acid 14
Slide 16: Announced Demerger of TAN & Fertiliser Businesses
Announced Demerger of TAN & Fertiliser Businesses Existing Corporate Structure Resultant Corporate Structure DFPCL Industrial Value Added (IC & VARE) Chemicals Real Estate (IC) (VARE) DFPCL 100% 100% 100% DMSPL MAL Crop Technical Nutrition Ammonium CNB TAN Business Nitrate Mahadhan AgriTech Limited
Slide 17: Nitric Acid Brownfield Expansion
Nitric Acid Brownfield Expansion Key Highlights: • Strategic Expansion of WNA (300 KTPA) and CNA (150 KTPA) at a project cost of Rs. 1,950 Cr • Leveraging 40 years of credible experience in Nitric Acid, DFPCL will become ‘Asia's Largest Manufacturer’ of Nitric Acid post expansion • State-of-the-art
Slide 18: Ammonia Greenfield Plant: Commenced Commercial Production
Ammonia Greenfield Plant: Commenced Commercial Production • Commenced commercial production of the world scale 5,00,000 MTPA Ammonia Greenfield Plant • Ultra Mega Project, supporting GOI’s Aatmanirbhar Bharat Abhiyaan • Mitigating risks for all business segments • World-class Energy-efficient KBR KR
Slide 19: Update on Upcoming Projects
Update on Upcoming Projects Clearly defined and well-funded Capex Program Ammonia • Total planned Investment: Rs 4,500 Cr • Expected commissioning: Q2 FY24 • Equity Infused: Rs. 1,690 Cr • Total planned Investment: Rs. 2,201 Cr TAN • Expected commissioning: H2 FY26 • Equity Infused: Rs. 470 Cr Nitri
Slide 20: Consolidated Financials: Q1 FY24
Consolidated Financials: Q1 FY24 Embarking on FY24: Q1 FY24 commenced with a Net Profit of Rs. 114 Cr Q-o-Q INR CR Q1FY24 Q1FY23 Y-o-Y growth Q4FY23 growth Operating Revenue 2,313 3,031 (23.7)% 2,796 (17.3)% Operating EBITDA 281 740 (62.1)% 469 (40.2)% Margins (%) 12.1% 24.4% 16.8% Net Profit 114 43
Slide 21: Consolidated Capital Structure
Consolidated Capital Structure No large Loan Repayments due in next 3 years (Rs. CR) Mar-23 Sep-22 Mar-22 Leverage Ratios Mar-23 Mar-22 Change ST Debt 115 85 - Net Debt/Equity (x) 0.48x 0.35x 0.13 LT Debt 3,231 2,750 2,321 Net Debt/EBIDTA (x) 1.16x 1.05x 0.12 Current Maturities 267 246 263 • Asian D
Slide 22: Consolidated Financial Track Record
Consolidated Financial Track Record Strong balance sheet and healthy financial performance Operating Revenue (Rs. Cr) Operating EBITDA (Rs. Cr) EBITDA Margin (%) 11,301 2,156 16.4% 17.7% 19% 6,742 * 7,663 5,808 1,356 9.9% 4,685 955 6.8% 459 464 * * FY2019 FY2020 FY2021 FY2022 FY2023 FY2019 FY2020 FY
Slide 23: Chemical Segment: Contributes 57% of Total Revenues and 85% of Segment Profits
Chemical Segment: Contributes 57% of Total Revenues and 85% of Segment Profits In (Cr) Chemicals Segment 31% Fertilisers Segment 9% 6,411 25% 4,868 24% 7% 7% 4,575 15% 3,071 3,157 2,637 2,744 1,912 2% FY 20 FY 21 FY 22 FY 23 FY 20 FY 21 FY 22 FY 23 Revenues Segment Margins 22
Slide 24: Constant Endeavour to Improve the Quality of Stakeholder's Communication
Constant Endeavour to Improve the Quality of Stakeholder’s Communication 6,917 FY19 FY21 FY23 Dividend Per Share (Rs.) 10.0 9.0 7.5 2,330 401 530 3.0 1,172 674 FY19 FY21 FY23 FY20 FY21 FY22 FY23 Market Cap NSE Ranking • Focus on ESG: (Rs. Crores) Significantly Improved • Launched online ESG platform
Slide 25: CSR and Awards
CSR and Awards Corporate Social Responsibility for inclusive community welfare BEST BRAND Creaticity was chosen as a Successfully completed Aarogyam project; installed Installed digital learning facility in classrooms of schools ‘Brand of the Year 2022’ Domestic R.O/Water Purifier at Rahiyad Aanganw
Slide 26: Market Dominance And Robust Demand Outlook To Support Business Growth
Market Dominance And Robust Demand Outlook To Support Business Growth Market leadership in Capex Projects to build most categories a strong foundation Well diversified play Taking strides in Key digitization to enable aligned with India’s Growth Story Takeaways sustained growth Continued focus on St
Slide 27: Safe Harbour
Safe Harbour: 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 Deepak Fertilisers and Petrochemicals Corporation limited’s (DFPCL) futur
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