Primo Chemicals Limited · NSE:PRIMO
Primo Chemicals — 9M FY23 Earnings Presentation
23 slides from Primo Chemicals's earnings presentation, Feb 17, 2023
Slide 1: Filing letter to BSE: Earnings Presentation
PRIMO CHEMICALS PCL:SEC:2023: 1969 17.02.2023 BSE Limited, 1st Floor, New Trading Ring, Rotunda Building, P.J. Towers, Dalal Street, Fort, MUMBAI- 400 001 Scrip Code : 506852 Subject:- Company's Earnings Presentation Dear Sir, Pursuant to Regulation 30 read with Schedule Ill of the SEBI (Listing Obl
Slide 2: Earnings Presentation Feb 2023
HYDROGEN GAS CAUSTIC SODA LYE LIQUID CHLORINE SODIUM HYPOCHLORITE HYDROCHLORIC ACID Formerly known as Punjab Alkalies & Chemicals Ltd. (BSE: 506852) Earnings Presentation Feb 2023 www.primochemicals.in
Slide 3: 9M FY23 - Performance Highlights
9M FY23 - Performance Highlights Commenting on the Performance, Mr. Naveen Chopra, Managing Director, said “I am pleased to report a robust revenue growth of 44% YoY during the quarter, driven by higher demand for our products. 91% During the quarter, the revenue generated from operations amounted t
Slide 4: Company Overview
Company Overview Primo chemicals Is the largest producer of Caustic Soda in Northern India Products Upcoming Developments National and State awards In recognition of its performance and efforts in the field of Energy Conservation, Safety and Productivity Caustic Soda Lye Caustic Soda Flake Hydrochlo
Slide 5: Investment Case
Investment Case Caustic Soda Chlorine and Hydrogen Power Supply and Strategic location Producer Captive Application Operations ➢ Primo chemicals is the largest ➢ Acquisition of Flow Tech to ➢ Bhakra Nangal Dam, provides ➢ Manufacturing units located producer of Caustic Soda in secure forward integra
Slide 6: Strategic Growth Priorities
Strategic Growth Priorities Strategic Roadmap To Double The Revenue and Profitability in Upcoming Years Recent Developments Upcoming Developments Cost Optimization and Enhanced Profitability • 35 MW Power Plant will be commissioned providing captive energy source and also reducing cost of production
Slide 7: Operational Overview - Realization
Operational Overview - Realization Caustic Soda Rate / PMT ECU Realization 52,766 51,179 49,573 54,565 52,862 46,720 51,183 49,698 43,867 45,637 Q3 FY22 Q4 FY22 Q1 FY23 Q2 FY23 Q3 FY23 Q3 FY22 Q4 FY22 Q1 FY23 Q2 FY23 Q3 FY23 Caustic Soda Price ECU Realization • On a YoY basis ECU realization was up
Slide 8: Operational Performance Indicators
Operational Performance Indicators Sales Volumes (MT) Utilised Capacity (TPA) Total Capacity (TPA) 11.3% YOY 35,019 35,072 37,000 38,000 Q2 FY23 Performance 33,995 31,745 28,554 29,931 24,748 Q3 FY22 Q2 FY23 Q3 FY23 Q3 FY22 Q2 FY23 Q3 FY23 Q3 FY22 Q2 FY23 Q3 FY23 Sales Volumes (MT) Utilised Capacity
Slide 9: Annual Performance Trends
Annual Performance Trends (in Rupees Million) Revenue from Operations 91% YOY EBITDA 330% YOY 5,596 1,826 4,541 2,904 1,018 2,263 365 427 FY20 FY21 FY22 9M FY23 FY20 FY21 FY22 9M FY23 PBT 622% YOY Net Profit 722% YOY 1,614 1,198 592 755 88 82 182 201 FY20 FY21 FY22 9M FY23 FY20 FY21 FY22 9M FY23 Not
Slide 10: Annual Performance Trends
Annual Performance Trends Gross Profit Margins EBITDA Margins 52.7% 31.6% 47.0% 38.6% 21.7% 32.4% 15.2% 11.7% FY20 FY21 FY22 9M FY23 FY20 FY21 FY22 9M FY23 PBT Margins Net Profit Margins 27.9% 20.7% 16.1% 12.6% 5.8% 7.1% 2.8% 2.9% FY20 FY21 FY22 9M FY23 FY20 FY21 FY22 9M FY23 Notes: 1. EBITDA includ
Slide 11: Consolidated Financial Performance Summary
Consolidated Financial Performance Summary Q3 Y-o-Y Q2 Q-o-Q 9M Y-o-Y (in Rs. Mn) FY2023 FY2022 Growth (%) FY2023 Growth (%) FY2023 FY2022 Growth (%) Revenue from Operations 1,876 1,307 44% 1,857 1% 5,596 2,930 91% Other Income 48 51 (7)% 89 (47)% 188 103 83% Total Income 1,924 1,358 42% 1,946 (1)%
Slide 12: Quarter Performance Trends
Quarter Performance Trends (in Rupees Million) Revenue from Operations 44% YOY EBITDA 1,863 1,857 1,876 701 1,611 616 593 614 1,307 510 Q3FY22 Q4FY22 Q1FY23 Q2FY23 Q3FY23 Q3FY22 Q4FY22 Q1FY23 Q2FY23 Q3FY23 PBT Net Profit 640 542 532 558 480 429 446 418 416 300 Q3FY22 Q4FY22 Q1FY23 Q2FY23 Q3FY23 Q3FY
Slide 13: Quarter Performance Trends
Quarter Performance Trends Gross Profit Margins EBITDA Margins 55.1% 53.5% 55.4% 53.1% 45.4% 49.5% 35.8% 36.6% 31.6% 26.5% Q3FY22 Q4FY22 Q1FY23 Q2FY23 Q3FY23 Q3FY22 Q4FY22 Q1FY23 Q2FY23 Q3FY23 PBT Margins Net Profit Margins 39.9% 31.6% 33.5% 26.9% 32.1% 25.1% 28.7% 21.5% 21.6% 15.6% Q3FY22 Q4FY22 Q1
Slide 14: Product Flow Summary
Product Flow Summary Accelerating Strategic Growth Initiatives and Fortifying our Business for the Future Raw Material Production Level 1 Production Level 2 Application Paper and Paper Pulp, Soap and Detergents, Textile, Dye, Stuff Caustic Soda Lye Industry, Aluminium Industry, Linear Alkyl, Benzine
Slide 15: Key Customers
Key Customers Diversified customer base operating across industry sectors Page 14 of 22
Slide 16: Industry Overview
Industry Overview Caustic Soda demand is expected to continue, and prices may stabilize at current levels amidst the ongoing rising global energy price environment Global Market Outlook Indian Market • The caustic soda industry is expected to see steady • 32 active Chlor-Alkali Units in India growth
Slide 17: Journey So Far
Journey So Far 100 TPD grassroot plant based on the HOECHST - UHDE Membrane Cell Manufacturing capacity Technology was expanded from 300 TPD to Commenced Installed capacity of commissioned (now Unit- Conversion of Existing operations with Caustic Soda Lye and 200 TPD Membrane 500 TPD II) Installed c
Slide 18: Board of Directors: Diversified Experience
Board of Directors: Diversified Experience Experienced team of management committed to strengthen business offerings and driving future growth Mr. Sukhbir Singh Dahiya Mr. Naveen Chopra (Chairman) (Managing Director) • An industrialist though leader with experience of over 31 years • Extensive exper
Slide 19: Environment
Environment It has always been the top priority of the Company to carry out its operations in an environment friendly fashion • Environment Strategy: Primo Chemicals recognizes that effective environment management is fundamental to our business. We shall strive to integrate sound business practices
Slide 20: Social
Social Continue to enhance value creation in the society and in the community to promote sustained growth for the society and community • Social Strategy: In alignment with the vision of the Company, Primo, through its CSR initiatives, shall continue to "Punjab State enhance value creation in the so
Slide 21: Governance
Governance Philosophy on the code of Corporate Governance is to ensure fair and transparent business practices • Corporate Governance Policies: The Company’s core philosophy on the code of Corporate Governance is to ensure fair and transparent business practices with accountability for performance.
Slide 22: Disclaimer and Contact Information
Disclaimer and Contact Information This presentation contains statements that are “forward looking statements” including, but without limitation, statements relating to the implementation of strategic initiatives, and other statements relating to Primo’s future business developments and economic per
Slide 23: Thank You
HYDROGEN GAS CAUSTIC SODA LYE (Formerly Known as Punjab Alkalies & Chemicals Limited) LIQUID CHLORINE SODIUM HYPOCHLORITE HYDROCHLORIC ACID THANK YOU HEAD OFFICE S.C.O. 125-127, Sector 17-B, Chandigarh – 160 017. (INDIA) P: +91-172-4072543/4072546 www.primochemicals.in 22