Praj Industries Limited · NSE:PRAJIND
Praj Industries — Q2/H1 FY23 Earnings Presentation
24 slides from Praj Industries's earnings presentation, Oct 20, 2022
Slide 1: Exchange filing cover letter for results presentation
DATE: 20 October, 2022 J a) REF. : PIL/DVN/L102/2022-23 Security Code No.: 522205 Company Code- PRAJIND BSE LIMITED NATIONAL STOCK EXCHANGE OF INDIA LTD. PHIROZE JEEJEEBHOY TOWERS, 25TH FLOOR, DALAL STREET, EXCHANGE PLAZA, 5TH FLOOR, MUMBAI - 400 001 PLOT NO. C/1, G BLOCK, Fax: 022- BANDRA-KURLA COM
Slide 2: Earnings Presentation – Q2/H1-FY23
Earnings Presentation – Q2/H1-FY23
Slide 3: Company at a Glance
Company at a Glance 2021 38 Years of Legacy Presence across 1200+ 90+ research 4 manufacturing 100+ countries employees scientists facilities 300+ 40%+ business from ~10% 1000++ 400 + patents repeat customers Global ethanol production References/plants overseas references market share* worldwide 3-Y
Slide 4: Company Overview
Company Overview Operational Revenue (INR Mn) • Incorporated in 1983 under the visionary leadership of technocrat 25,000 23,333 25.00% Dr. Pramod Chaudhuri. 20,000 20.00% • Praj Industries Ltd. (Praj) has grown to become one of the most reputed 16,065 and technologically advanced biotechnology and e
Slide 5: Business Segments
Business Segments High Purity Solutions Water Systems Modular Process Systems Value Added Services Bio Energy 1G & 2G Ethanol plants Compresses Bio-Gas Future Fuel: SAF, Marine Biofuel, Bio Hydrogen etc. Engineering Businesses Critical process equipment & Skids Brewery and beverages Zero Liquid Disc
Slide 6: Global references across 100+ countries
1000++ References in 100+ countries across all 5 continents.. And Still counting Europe Asia Americas India Africa Praj Industries Limited 5
Slide 7: Q2/H1-FY23 Financial Overview
Q2/H1-FY23 Financial Overview
Slide 8: Q2/H1-FY23 Financial Highlights
Q2/H1-FY23 Financial Highlights Q2-FY23 Performance (Standalone) Q2-FY23 Performance (Consolidated) INR 7,942 Mn INR 620 Mn 7.81% INR 8,766 Mn INR 676 Mn 7.71% Operating Income Operating EBITDA EBITDA Margins Operating Income Operating EBITDA EBITDA Margins 71.6% YoY 67.1% YoY (21) Bps YoY 64.7% YoY
Slide 9: Quarterly Consolidated Financial Performance Trend
Quarterly Consolidated Financial Performance Trend Revenues (INR Mn) EBITDA (INR Mn) PAT (INR Mn) 10,000 900 700 8,766 780 9,000 8,290 800 576 600 8,000 7,299 676 700 7,000 481 500 5,856 600 558 510 413 6,000 5,324 462 371 500 400 5,000 333 400 4,000 300 3,000 300 200 2,000 200 100 1,000 100 - 0 0 Q
Slide 10: Consolidated Segmental Revenue
Consolidated Segmental Revenue Bio Energy (INR Mn) Engineering (INR Mn) HiPurity (INR Mn) 6,551 1,713 R 502 502 E 3,934 V 887 E N U E Q2-FY22 Q2-FY23 Q2-FY22 Q2-FY23 Q2-FY22 Q2-FY23 Bio Energy (INR Mn) Engineering (INR Mn) HiPurity (INR Mn) 955 12,173 2,975 916 R E V 6,681 1,551 E N U E H1-FY22 H1-F
Slide 11: Order Intake & Order Backlog
Order Intake & Order Backlog Order Intake (At the end of each quarter, Values in INR. Mn) Q2-FY23 Segmental Order Intake – INR 9,810 Mn Q2-FY23 Geographical Order Intake 12000 1.2 11,015 10,940 9,560 9,810 10000 1 HiPurity Export 4% Engineering 7% 8000 7,450 0.8 6,500 6,610 11% 6,050 6000 5,390 0.6
Slide 12: Q2/H1-FY23 Operational and Industry Highlights
Q2/H1-FY23 Operational and Industry Highlights Operational Highlights • Healthy growth in delivery volumes • In August 2022, Praj’s first 2G Bioethanol plant at IOCL Panipat was unveiled by Hon. Prime Minister • CBG: Customers are now seeking solutions for different varieties of agriculture residues
Slide 13: Quarterly Financial Performance - Standalone
Quarterly Financial Performance - Standalone Particulars (INR Mn) Q2-FY23 Q2-FY22 Y-o-Y Q1-FY23 Q-o-Q Operational Income 7,942 4,627 71.6% 6,669 19.1% Expenses 7,322 4,256 72.0% 6,115 19.7% EBITDA 620 371 67.1% 554 11.9% EBITDA Margins (%) 7.81% 8.02% (21) Bps 8.31% (29) Bps Other Income 263 59 NA 4
Slide 14: Half Yearly Financial Performance - Standalone
Half Yearly Financial Performance - Standalone Particulars (INR Mn) H1-FY23 H1-FY22 Y-o-Y Operational Income 14,612 7,963 83.5% Expenses 13,440 7,293 84.3% EBITDA 1,172 670 74.9% EBITDA Margins (%) 8.02% 8.41% (39) Bps Other Income 306 104 194.2% Depreciation 119 94 26.6% Interest 12 10 20.0% PBT 1,
Slide 15: Quarterly Financial Performance - Consolidated
Quarterly Financial Performance - Consolidated Particulars (INR Mn) Q2-FY23 Q2-FY22 Y-o-Y Q1-FY23 Q-o-Q Operational Income 8,766 5,324 64.7% 7,299 20.1% Expenses 8,090 4,862 66.4% 6,741 20.0% EBITDA 676 462 46.3% 558 21.1% EBITDA Margins (%) 7.71% 8.68% (97) Bps 7.64% 7 Bps Other Income 62 66 (6.1)%
Slide 16: Half Yearly Financial Performance - Consolidated
Half Yearly Financial Performance - Consolidated Particulars (INR Mn) H1-FY23 H1-FY22 Y-o-Y Operational Income 16,065 9,187 74.9% Expenses 14,829 8,419 76.1% EBITDA 1,236 768 60.9% EBITDA Margins (%) 7.69% 8.36% (67) Bps Other Income 116 117 (0.9)% Depreciation 136 107 27.1% Interest 16 12 33.3% PBT
Slide 17: Historical Financial Overview
Historical Financial Overview
Slide 18: Historical Standalone Financial Performance
Historical Standalone Financial Performance Particulars (INR Mn) FY19 FY20 FY21 FY22 H1-FY23 Operational Income 9,233 9,419 10,885 20,532 14,612 Expenses 8,436 8,632 9,936 18,691 13,440 EBITDA 797 787 949 1,841 1,172 EBITDA Margins (%) 8.63% 8.35% 8.72% 8.97% 8.02% Other Income 219 299 232 517 306 D
Slide 19: Historical Standalone Balance sheet
Historical Standalone Balance sheet Particulars (INR Mn) FY21 FY22 H1-FY23 Particulars (INR Mn) FY21 FY22 H1-FY23 ASSETS EQUITY AND LIABILITIES Non-Current Assets Equity Property, Plant & Equipment 1,865 1,875 1,969 Share Capital 366 367 367 Capital Work in progress 4 14 48 Other Equity 7,404 8,697
Slide 20: Historical Consolidated Financial Performance
Historical Consolidated Financial Performance Particulars (INR Mn) FY19 FY20 FY21 FY22 H1-FY23 Operational Income 11,411 11,024 13,047 23,333 16,065 Total Expenses 10,527 10,205 11,923 21,274 14,829 EBITDA 884 819 1,124 2,059 1,236 EBITDA Margins (%) 7.75% 7.43% 8.62% 8.82% 7.69% Other Income 233 26
Slide 21: Historical Consolidated Balance sheet
Historical Consolidated Balance sheet Particulars (INR Mn) FY21 FY22 H1-FY23 Particulars (INR Mn) FY21 FY22 H1-FY23 ASSETS EQUITY AND LIABILITIES Non-Current Assets Equity Property, Plant & Equipment 2,064 2,085 2,165 Share Capital 366 367 367 Capital Work in progress 4 14 48 Other Equity 7,652 8,79
Slide 22: Consolidated Historical Financial Trend
Consolidated Historical Financial Trend Revenue (INR Mn) OPERATING EBITDA (INR Mn) PAT (INR Mn) 25,000 23,333 1.2 2,500 25.00%1,600 1,502 2,059 1,400 1 20,000 2,000 20.00% 1,200 16,065 0.8 1,236 1,000 894 15,000 13,047 1,500 15.00% 811 11,411 11,024 0.6 1,124 800 682 704 10,000 1,000 884 819 10.00%
Slide 23: Capital Market Data
Capital Market Data 1-Year Stock Performance up to 30th September 2022 30% 25% 20% 15% 10% 5% 0% -5% -10% -15% Oct-21 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 Apr-22 May-22 Jun-22 Jul-22 Aug-22 Sep-22 Praj Industries Sensex Shareholding Pattern (As on 30th September 2022) Dividend Pay out ratio (%) th PRI
Slide 24: Disclaimer
Disclaimer Praj Industries Limited No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Such information and opinions are in all events