Vishnu Chemicals Limited · NSE:VISHNU
Vishnu Chemicals — Q3 FY2023 Earnings Presentation
28 slides from Vishnu Chemicals's earnings presentation, Feb 13, 2023
Slide 1: Stock exchange covering letter for investor presentation
13th February, 2023 VCL/SE/114/2022-23 To To BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block G Dalal Street, Fort, Bandra Kurla Complex, Bandra (East), Mumbai – 400 001 Mumbai 400 051 Scrip Code: 516072 NSE Symbol: VISHNU Through: BSE Listin
Slide 2: Q3FY23 Investor Presentation
WHERE PERSEVERANCE AND COMMITMENT COME TOGETHER Q3FY23 Investor Presentation
Slide 3: Disclaimer
Disclaimer This presentation has been prepared for general information purposes in respect of Vishnu Chemicals Limited (“Company”) This presentation includes certain industry data and projections that have been obtained from industry publications and together with its subsidiaries, associates and jo
Slide 4: Q3 & 9M FY23 Highlights
Q3 & 9M FY23 Highlights
Slide 5: Consolidated Financial Highlights
Consolidated Financial Highlights (₹ in Cr.) Total Income EBITDA PAT 14.6% 16.9% 7.1% 9.4% +44% +67% +91% 1068 181 101 739 108 53 9MFY22 9MFY23 9MFY22 9MFY23 9MFY22 9MFY23 Particulate Q3FY23 Q3FY22 Y-o-Y 9MFY23 9MFY22 Y-o-Y FY22 Total Income 331 299 11% 1068 739 44% 1075 EBITDA 58 46 26% 181 108 67%
Slide 6: Standalone Financial Highlights
Standalone Financial Highlights (₹ in Cr.) Total Income EBITDA PAT 13.6% 17.5% 6.1% 10.0% +51% +94% +147% 936 163 94 620 84 38 9MFY22 9MFY23 9MFY22 9MFY23 9MFY22 9MFY23 Particulate Q3FY23 Q3FY22 Y-o-Y 9MFY23 9MFY22 Y-o-Y FY22 Total Income 304 259 17% 936 620 51% 913 EBITDA 55 39 42% 163 84 94% 133 E
Slide 7: Key Highlights of the Quarter
Key Highlights of the Quarter Consolidated Highlights Chromium Chemistry Highlights • Debottlenecking exercise is successfully completed and has resulted in a • Highest ever PAT margin in a decade. 10,000 TPA increase in installed capacity. Operating at 90%+ utilisation. • Eight quarters of consiste
Slide 8: Continuous Improvement In Fundamentals
Continuous Improvement In Fundamentals Deleveraging • Reduced D/E consistently since last four years. Cash Generation • Free cash flow generated every year since FY18. Continuous • Strong focus on ROCE while scaling up. Improvement • Attained self sufficiency in select input costs. Dividend • Consis
Slide 9: Company Overview
Company Overview
Slide 10: Vishnu Chemicals at a Glance
Vishnu Chemicals at a Glance Vishnu Chemicals Ltd. epitomises manufacturing of high-performance speciality chemicals, with 30+ strong market leadership and an intelligent Years expertise symphony of forward and backward integration to produce products that are focused on diverse 4 needs and aspirati
Slide 11: Our Value Proposition
Our Value Proposition 30+ years track record with high pedigree management Principled & Value Driven Deep process knowledge Strong global presence Reliable product quality Flexible product mix Trained manpower 10
Slide 12: Clients Across Geographies
Clients Across Geographies Customer Centric Approach 50% EUROPE USA ASIA 50% AFRICA LATIN AMERICA Domestic Exports OCENCIA 11
Slide 13: State of the Art Manufacturing Facilities
State of the Art Manufacturing Facilities Four dedicated facilities across India Visakhapatnam, Andhra Pradesh 1 Manufactures Chromium Chemicals Hyderabad, Telangana 3 2 Manufactures Chromium Chemicals BHILAI 2 1 HYDERABAD Bhilai, Chhattisgarh 3 Manufactures Chromium Chemicals VIZAG 4 SRIKALAHASTI S
Slide 14: Well Diversified Board
Well Diversified Board The Board and leadership at Vishnu conduct itself with integrity and honesty, setting the tone for an ethical organisational culture. Mrs. Ch. Manjula Non-Executive Director Add Name Mr. Tirthankar Mitra Independent Director Mr. Chetan Navinchandra Shah Add Name Mr. Ch. Krishn
Slide 15: Business Overview
Business Overview
Slide 16: Chromium Chemicals
Chromium Chemicals Chromium chemistry is proven to be of high value as it possesses properties of high corrosion resistance, colours, and uniformity, thereby improving the performance and life of industrial components, timber treatment, pharmaceuticals, pigments, and dyes Key Product Sodium Dichroma
Slide 17: Chromium Chemistry – Product Portfolio
Chromium Chemistry – Product Portfolio SODIUM DICHROMATE Basic Sodium Dichromate is a strong oxidising agent Chrome Manufacturer of high quality chrome sulfate for and a source in preparing chromium based Sulphate leather tanning and metal finishing derivatives. It is used in metal passivation and f
Slide 18: Barium Chemicals
Barium Chemicals The Company manufactures industry grade Barium Carbonate that finds applications in the manufacture of a plethora of ceramic, tiles, glass, enamel products and caustic lye brine purification process. Key Product Barium Carbonate Manufacturing Units Srikalahasti, Andhra Pradesh. Inst
Slide 19: Barium Carbonate
Barium Carbonate CHARACTERISTICS Leading Barium Carbonate is available in several Benefit of scale & operating leverage. manufacturer grades with different chemical purities, shapes in India and granulometry. It is characterized by high reactivity and tightly controlled narrow particle size distribu
Slide 20: Barium diversification: Brownfield Expansion in Progress
Barium diversification: Brownfield Expansion in Progress PRECIPITATED BARIUM SULPHATE • Inorganic Chemical • High purity, synthetic additive. • Produced in carefully controlled manufacturing process. • Import substitute in India. • Huge Opportunity in Automotive Paint industry as a filler. • 30000 T
Slide 21: Well Poised to Capture the Opportunity
Well Poised to Capture the Opportunity
Slide 22: Well-Positioned to Capture Future Growth Opportunities
Well-Positioned to Capture Future Growth Opportunities Market Share Strong Entry Barriers Capacity Expansion Strong position in chromium & Entry barriers due to complex Expanding capacity to meet rising barium chemicals, both 24/7 continuous manufacturing demand domestically & internationally proces
Slide 23: Positive Future Outlook
Positive Future Outlook Industry led drivers 01 02 03 04 05 Strong and India is emerging is as a Challenges in peer India has an edge over other Chemistry offers Growing Indian preferred competing countries major manufacturing scope of launching Consumer Base manufacturing hub for driving the Indian
Slide 24: Financial Overview & Shareholder’s Information
Financial Overview & Shareholder’s Information
Slide 25: Focused on Consistently Delivering Sustainable Performance
Focused on Consistently Delivering Sustainable Performance (Consolidated) (₹ in crs) Total Revenue EBITDA & EBITDA Margin PAT & PAT Margin 13.34% 13.23% 12.67% 11.78% 15.02% 2.21% 3.15% 3.26% 5.06% 7.57% 1074.76 161.00 180 .00 81.39 90. 00 160 .00 772.45 80. 00 680.84 681.50 140 .00 651.30 70. 00 10
Slide 26: Disciplined Capital Allocation
Disciplined Capital Allocation (Consolidated) (₹ in crs) Debt to Equity Interest Coverage Ratio 3.4 5.3 2.4 2.1 1.7 2.3 1.3 1.8 1.8 1.4 FY18 FY19 FY20 FY21 FY22 FY18 FY19 FY20 FY21 FY22 ROE ROCE 28% 34% 21% 22% 19% 14% 17% 19% 14% 15% FY18 FY19 FY20 FY21 FY22 FY18 FY19 FY20 FY21 FY22 25
Slide 27: Shareholder’s Information
Shareholder’s Information Stock Information (as on 10th February 2023) (As on 31st December 2022) Market Capitalization (₹ in crs) 1,580.16 Shareholding Pattern (%) Shares Outstanding (₹ in crs) 5.97 Free Float (₹ in crs) 379.24 23.90% Symbol (BSE) / (NSE) 516072 / VISHNU Consistent Dividend Track R
Slide 28: THANK YOU
THANK YOU Vishnu Chemicals Limited investors@vishnuchemicals.com https://vishnuchemicals.com Investor Relations Advisors : Orient Capital (a division of Link Group) Mr. Nikunj Jain Mr. Amar Yardi +91 9769060608 +91 7045121239 nikunj.jain@linkintime.co.in amar.yardi@linkintime.co.in