Dcw Ltd. · NSE:DCW
Dcw — Q2 FY2025 Earnings Presentation
22 slides from Dcw's earnings presentation, Nov 14, 2024
Slide 1: Investors' Presentation filing letter to stock exchanges
0 DCW LIMITED November14,2024 To, National Stock Exchange of India Ltd. BSE Limited Exchange Plaza Bldg. Department of Corporate Services, 5 th Floor, Plot No.C-1 1st floor, New Trading Ring 'G' Block, Near Wockhardt, Rotunda Building, Bandra Kurla Complex Phiroze Jeejeebhoy Towers, Mumbai 400 051 D
Slide 2: DCW Limited Earning Presentation Q2/H1-FY25
DCW Limited Earning Presentation Q2/H1-FY25 1
Slide 3: Snapshot
Snapshot BUSINESS 8+ 2 Pioneer Leading Largest and Unique Decades of State-of-the-Art In India Soda Ash, C-PVC, Manufacturer of Commercial scale Experience Integrated Synthetic Rutile & C-PVC and SIOP manufacturer of SIOP in Manufacturing Units SIOP in India the Asia OPERATIONS 12+ 2,000+ Zero 58 MW
Slide 4: Business Overview
Business Overview Financial Highlights Historical Financial Overview 3
Slide 5: Company Overview
Company Overview 0 DEWllMITIO Operating Revenue (INR Mn) and EBITDA Margins (%) • Incorporated in 1939, DCW Ltd. was established as Dhrangadhra Chemical Works at Dhrangadhra, 26,338 Gujarat as India’s first Soda Ash plant. 24,547 18,716 • Since then DCW has pioneered and created a strong presence in
Slide 6: Key Milestones
Key Milestones 0 DEW llMITIO Growth in Commodity Chemicals Expansion towards Specialty Chemicals Setup one of the Entered into a Technical Commenced Commissioning of the first integrated License and Support production of 1st Chlor-alkali Plant at plants in India to Agreement with Rockwood and only S
Slide 7: Marquee Customers
Marquee Customers DEW 0 llMITIO Commodity Chemicals ~ ir -FinQlex-- INDUSTRIES laiJTNPLI (ashirvad) NALCO PIPES - --- -- ----- -- --- -- ----- -- --- -- ----- -- --- -- ----- -- --- -- ----- -- --- -- ----- -- --- -- ----- -- --- -- ----- -- --- -- ----- -- --~ -- ----- -- --- -- ----- -- --- -- ---
Slide 8: Value Proposition
Value Proposition 0 DEWllM I TIO Significant Scale-up Opportunities Technology Tie-ups Diversified Application Base Niche & Diversified Product Mix Over 2,500- acre land bank available at Licensed technology from Arkema Catering to over 15 industries with Diversified product mix of Sahupuram facilit
Slide 9: Capital Expenditure
Capital Expenditure 0 DEW llMITIO Project Planned Date of Capitalisation Actual Date of Capitalisation Change in Capacity Remarks 44.5MW group captive power to Investment in Renewable Expected Project Completion H2-FY25 substitute 25% of power Project on track Power Project requirements at Sahupuram
Slide 10: Financial Highlights
Business Overview Financial Highlights Historical Financial Overview 9
Slide 11: Key Financial and Operational Highlights
Key Financial and Operational Highlights 0 DEW llMITIO Q2-FY25 Financial Performance Q2/H1-FY25 Operational Highlights: Revenue from EBITDA Operations EBITDA Margins • Revenue from operations grew 18% YoY, despite price erosion across all INR 4,887 Mn INR 354 Mn 7.24% product segments. (14.7) % Y-o-
Slide 12: Quarterly Key Segmental Performance
Quarterly Key Segmental Performance 0 DEW llMITIO Revenue (INR Mn) & EBITDA Margin (%) C-PVC SIOP Caustic Division PVC Soda Ash 849 870 485 569 589 588 1,081 1,099 1,951 1,021 1,742 1,726 557 322 443 35.6% 42.7% 40.7% 30.5% 36.5% 6.1% 6.3% 4.5% -4.0% -2.0% -0.1% 35.8% -4.7% -13.1% -7.9% Q2-FY24 Q1-F
Slide 13: Half-Yearly Key Segmental Performance
Half - Yearly Key Segmental Performance 0 DEWllMITIO Revenue (INR Mn) & EBITDA Margin (%) C-PVC SIOP Caustic Division PVC Soda Ash 1,720 2,365 3,677 3,395 1,054 1,159 1,177 2,180 907 591 36.2% 33.0% 5.1% 2.1% -8.5% -1.3% 8.0% 3.0% 37.3% 36.8% H1-FY24 H1-FY25 H1-FY24 H1-FY25 H1-FY24 H1-FY25 H1-FY24 H
Slide 14: Quarterly Consolidated Financial Performance
Quarterly Consolidated Financial Performance 0 DEW Particulars (INR Mn) Q2-FY25 Q2-FY24 Y-o-Y Q1-FY25 Q-o-Q Operational Income 4,887 4,141 18.0% 4,995 (2.2)% Total Expenses 4,533 3,726 21.7% 4,543 (0.2)% EBITDA 354 415 (14.7)% 452 (21.7)% EBITDA Margins (%) 7.24% 10.02% (278) Bps 9.05% (181) Bps Oth
Slide 15: Annual Consolidated Financial Performance
Annual Consolidated Financial Performance 0 DEW llMITIO Particulars (INR Mn) H1-FY25 H1-FY24 Y-o-Y Operational Income 9,883 8,521 16.0% Total Expenses 9,077 7,593 19.5% EBITDA 806 928 (13.1)% EBITDA Margins (%) 8.16% 10.89% (273) Bps Other Income 124 83 49.4% Depreciation 494 457 8.1% Interest 352 3
Slide 16: Historical Financial Overview
Business Overview Financial Highlights Historical Financial Overview 15
Slide 17: Historical Income Statement
Historical Income Statement 0 DEW Particulars (INR Mn) FY22 FY23 FY24 H1-FY25 Operational Income 24,547 26,338 18,716 9,883 Total Expenses 21,299 22,053 16,961 9,077 EBITDA 3,248 4,285 1,755 806 EBITDA Margins (%) 13.23% 16.27% 9.38% 8.16% Other Income 61 153 183 124 Depreciation 885 902 938 494 Int
Slide 18: Historical Balance Sheet
Historical Balance Sheet 0 DEW llMITIO Particulars (INR Mn) FY23 FY24 H1-FY25 Particulars (INR Mn) FY23 FY24 H1-FY25 ASSETS EQUITY AND LIABILITIES Non-Current Assets Equity Property, Plant & Equipment 12,839 13,005 13,014 Share Capital 590 590 590 Other Equity 9,661 9,727 9,782 Capital Work in progr
Slide 19: Financial Performance
Financial Performance 0 DEW llMITIO Revenue From Operations (INR Mn) EBITDA (INR Mn) & EBITDA Margins % PAT (INR Mn) 26,338 4,285 24,547 1,920 18,716 3,248 14,643 1,075 9,883 2,094 1,755 16.27% - -- 14.30% 13.23% 806 9.38% 157 8.16% 38 55 FY21 FY22 FY23 FY24 H1-FY25 FY21 FY22 FY23 FY24 H1-FY25 FY21
Slide 20: Capital Market Data
Capital Market Data 0 DEW llMITIO 1 Year Stock Performance (up to 30th September, 2024) 100% 80% 60% 40% 20% 0% -20% Oct/23 Nov/23 Dec/23 Jan/24 Feb/24 Mar/24 Apr/24 May/24 Jun/24 Jul/24 Aug/24 Sep/24 DCW Sensex Price Data (As on 30th September, 2024) INR Shareholding Pattern (As on 30st September,
Slide 21: Disclaimer
Disclaimer 0 DEW llM I TIO DCW Ltd. 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 event
Slide 22: Thank You
THANK YOU pul