Slide 1: Exchange intimation letter: Investors' Presentation Q1FY25
August 1, 2024 श्रावण – कृष्ण पक्ष, द्वादशी �वक्रम सम्वत २०८१ National Stock Exchange of India BSE Limited Limited Corporate Relationship Department, “Exchange Plaza” 1st Floor, New Trading Ring, Rotunda Building, P.J. Bandra – Kurla Complex, Towers, Bandra (E), Mumbai – 400 051 Dalal Street, Fort,
Slide 2: GHCL Limited Q1 FY25 Investor Update
GHCL Limited Q1 FY25 Investor Update August 2024
Slide 3: Safe Harbour
Safe Harbour This presentation and the accompanying slides (the “Presentation”), which have been prepared by GHCL Limited (the “Company” or “GHCL”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any secur
Slide 4: Management commentary on Q1 FY25 Results
Management commentary on Q1 FY25 Results “GHCL is an established leader in growth and efficiency. Across multiple business cycles, we Commenting on the have consistently delivered better operating performance. This success is attributed to our performance, operational efficiency, prudent capital dep
Slide 5: Performance highlights – Q1 FY25
Performance highlights – Q1 FY25 Revenue EBITDA PAT Cash Profit Rs. crore 849 235 151 178 Q1 FY25 Vs % Change 1% 17% 21% 18% Q4 FY24 (Q-o-Q) Q1 FY25 Vs % Change 18% 24% 27% 23% Q1 FY24 (Y-o-Y) 4
Slide 6: Q1 FY25 highlights
Q1 FY25 highlights (Rs. In Crore) Particulars Q1 FY25 Q1 FY24 Y-o-Y Q4 FY24 Q-o-Q Quarterly Trend 30% 28% Revenue 849 1,029 (18%) 840 1% 24% 28% 20% EBITDA 235 310 (24%) 201 17% 1,029 310 817 224 813 165 840 201 849 235 EBITDA Margin % 27.7% 30.1% -240 bps 23.9% +380 bps Q1 FY24 Q2 FY24 Q3 FY24 Q4 F
Slide 7: Resource allocation & key financial ratios
Resource allocation & key financial ratios Efficient Capital Allocation For Q1 FY25 Net Debt Free Rs. 20 Cr. Net Cash Surplus of Rs. 676 Cr. Debt Repayment Gross Debt Rs. 177 Cr. Rs. 209 Cr. Cash Inflows Generated Key Ratios Net Cash to Equity ROCE* Rs. 141 Cr. Rs. 93 Cr. 0.22x 20% Growth Capex
Slide 8: Profit & loss statement
Profit & loss statement (Rs. In Crore) Q1 FY25 Q1 FY24 Y-o-Y Q4 FY24 Q-o-Q FY24 Revenue 849 1,029 (17%) 840 1% 3,498 Operating Expenses 614 719 (15%) 639 (4%) 2,599 EBITDA 235 310 (24%) 201 17% 899 EBITDA Margins 27.7% 30.1% (240 bps) 23.9% 380 bps 25.7% Depreciation 27 24 13% 26 4% 102 EBIT 207 286
Slide 9: Key Differentiating Factors
GHCL is a class leader with proven track record of strong execution Single largest Soda ash plant in India at a single location Key Differentiating Factors Best in class productivity and utilizations Customer serviceability and segmentation with OTF model Cost and margin leader due to focus on cost
Slide 10: Historical financial overview
Historical financial overview Revenue (Rs. Cr.) EBITDA (Rs. Cr.) 4,584 1,520 3,498 3,061 2,324 2,362 899 2,041 672 686 737 488 FY19 FY20 FY21 FY22 FY23 FY24 FY19 FY20 FY21 FY22 FY23 FY24 • Relative to the prior 5 years, FY24 stands out for best performance, except for FY23 which was an extraordinary
Slide 11: Building a resilient tomorrow
Building a resilient tomorrow Key Growth levers • Greenfield Soda Ash project of 5L MT (phase I) • Increased volume for sodium bi-carbonate • Vacuum salt from waste energy • Bromine project at existing salt work • Salt yield improvement • Augmenting backward integration of raw material for enhanced
Slide 12: Sodium bicarbonate
Sodium bicarbonate Long Term Play Large growth opportunities as flue gas treatment is emerging as a huge segment in India We have doubled the production capacity at existing Soda Ash plant to 120K MT We are ready to capture this opportunity. Increased monthly run rate is already visible. 11
Slide 13: Positive impact of Union Budget 2024 on Soda Ash industry
Positive impact of Union Budget 2024 on Soda Ash industry 1) Boost to renewable energy sector by imposing 10% custom duty on import of Solar Glass 2) PM Surya Ghar Muft Bijli Yojana through installation of solar roof top panels 3) Significantly allocation for PM Awas Yogna (PMAY) 4) Higher capex all
Slide 14: Business outlook
Business outlook Near Term Soda Ash market International freight However, demand in Many parts of the world, worldwide is oversupplied costs have recently China has increased by including Europe and and new production increased due to supply We expect Soda Ash ~10% in CY2023 mainly Americas continue
Slide 15: Global outlook on the soda ash industry
Global outlook on the soda ash industry Soda Ash Market Overview by Key Regions GLOBAL SIZE: CAPACITY~79 MMT, PRODUCTION-66 MMT* Turkey: Americas: Turkish soda ash manufacturers Soda Ash Market was CAPACITY: 15.1 MMT are facing poor demand in oversupplied due to increased PRODUCTION: ~13 Europe. As
Slide 16: Company Overview
Company Overview
Slide 17: GHCL – An introduction
GHCL – An introduction 1 Targeting Best-in-class Professional Mgmt. • To grow profits at a CAGR 15% on a long-term • Operations management • Focused management approach horizon • CAPEX planning and execution • Strategy led by professional • To inculcate value systems that defines our culture • Finan
Slide 18: Our USPs - what set us apart
Our USPs - what set us apart Best in class Focus to emerge 3 decades of operational as a sustainable Indian efficiencies and business Manufacturing capacity organization experience utilizations Leading soda Business Professionally ash player in philosophy of managed India inclusive growth of workfor
Slide 19: Evolution of GHCL through the years
Evolution of GHCL through the years Commenced Soda Ash Spindles capacity increased to Soda Ash production capacity Soda Ash production Production with 4.2 Lacs 175K, installed 3320 rotors in increased to 11 Lacs MTPA / capacity enhanced to 12 MTPA which was further spinning year in FY2019 Lacs MT in
Slide 20: Our objective
Our objective “Achieve a CAGR growth of 15% in bottom-line with creating value for all our 5 stakeholders” Responsible Growth ESG Organic Growth – CAPEX, Non- CAPEX led Growth, Growth – HSE – Zero Harm, CSR – M&A/ JV and Optimize Return on Responsible Citizen and Capital Renewable Energy Brand Image
Slide 21: Core values at forefront
Core values at forefront MISSION • GHCL is a unique workplace which is dotted with its Responsibly maximising Core Values, defining its culture stakeholder value • Every employee in the Company is expected to imbibe its Core Values and interact within the business ecosystem with all its stakeholders
Slide 22: Quest for Innovation
Quest for Innovation IMPLEMENTATION OF ROBOTIC PROCESS AUTOMATION RBC Plant innovation: Commissioned a 150 TPD energy-efficient Rotating Biological Contactor (RBC) plant. Equipped with advanced technologies for optimal wastewater treatment and reduced energy consumption. Enables resource recovery fr
Slide 23: Sustainability vision
Sustainability vision Zero Harm Initiative Target – Zero reportable injuries Savings of Rs. Target – Zero environmental incidents 11.6 Crore through process efficiency Climate Warrior Initiative initiatives Target – 30% reduction in Scope 1 and 2 emissions by 2030 Target – Implementation of
Slide 24: Product offerings
Product offerings Key sodium carbonate variant Soda Ash Density: ~0.7g/cc Light Essential for: Detergent manufacturing & Soap manufacturing Also known as Sodium Bicarbonate (Baking Soda) Dense Soda Natural alkaline compound Ash Versatile applications: Cleaning products, Personal care ite
Slide 25: Key application of Sodium bicarbonate
Key application of Sodium bicarbonate Tannery Pharma Food A Thermal Power Producer is successfully using Sodium bicarbonate for FGD treatment and GHCL is supplying its materials Animal Feed Chemicals Potential application of Sodium bicarbonate in flue gas treatment is under trial phase; could be a g
Slide 26: Awards & recognitions
Awards & recognitions Gujarat Lignite Mines Safety & Most Trusted Leaders Award 5 Notch Upgrades in last 6 years Swachhata Enhanced Credit Ratings – Upgraded to AA- with Stable outlook, Mr. R.S. Jalan, MD GHCL was GHCL Khadsaliya Lignite Mines Mahatma Award honored with the prestigious “India’s rece
Slide 27: Spearheaded by distinguished management
Spearheaded by distinguished management R S Jalan Raman Chopra Managing Director CFO & Executive Director Anurag Dalmia Neelabh Dalmia Dr. Manoj Vaish Experienced and (Non-Executive Chairman) (Executive Director, Growth & (Independent Lead Director) Diversification) accomplished Board of Directors M
Slide 28: About us
About us GHCL Limited was incorporated on 14th October 1983. The Company has established itself as a well-diversified group with an ascertained footprint in chemicals and consumer products segments. In Chemicals, the Company mainly manufactures Soda Ash (Anhydrous Sodium Carbonate) that is a major r
Slide 29: Thank You
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