Bodal Chemicals Limited · NSE:BODALCHEM

Bodal Chemicals — Investor Presentation (August 2021)

47 slides from Bodal Chemicals's investor presentation, Aug 14, 2021

  1. Slide 1: Bodal Chemicals Ltd. – Exchange submission letter

    Bodal Chemicals Ltd. COLOURS. INTEGRATION. INNOVATION. By Online Submission Sec/21-22/45 Date: 14-08-2021 To, To, The General Manager, The General Manager, BSE Ltd. National Stock Exchange of India Ltd. 1st Floor, New Trading Ring, Exchange Plaza, Rotunda Building, P.J. Tower, Plot no. C/1, G Block,

  2. Slide 2: Investor Presentation – August 2021

    Bodal Chemicals Limited Investor Presentation – August 2021

  3. Slide 3: Safe Harbour

    Safe Harbour This presentation and the accompanying slides (the “Presentation”), which have been prepared by Bodal Chemicals Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any secu

  4. Slide 4: Q1 FY22 Highlights

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  5. Slide 5: Business Highlights

    Business Highlights • Overall performance for the quarter has been marginally impacted as we were working with limited Revenue (Rs. In Mn) workforce in the month of May due to sudden spike in Covid cases. For Q1FY22, Total income on consolidated basis stood at Rs 4,282 mn whereas on standalone basis

  6. Slide 6: Performance Highlights: Revenue and Geographic Breakup

    Performance Highlights Q1FY21 Q1FY22 Revenue Rs 1,170 mn Revenue Rs 4,202 mn 3.8% Basic Chemicals 13.5% 12.4% 4.3% 12.7% Dyestuff Revenue Breakup 0.0% 11.8% Dye Intermediates 31.2% 36.5% Chlor Alkali 37.5% TCCA 36.2% Others Geographic Breakup 38.8% Domestc 64.4% 35.6% 61.2% Export * On Consolidated

  7. Slide 7: Performance Highlights: Revenue and Production Volume

    Performance Highlights (Rs in mn) Basic Chemicals Dyestuff Dye Intermediates Chlor Alkali TCCA Revenue Breakup +267% +207% +246% 533 1,311 1,522 497 181 145 427 439 0 0 Q1FY21 Q1FY22 Q1FY21 Q1FY22 Q1FY21 Q1FY22 Q1FY21 Q1FY22 Q1FY21 Q1FY22 *Revenue breakup on Consolidated basis (MT) Production Volume

  8. Slide 8: Subsidiaries Performance

    Subsidiaries Performance (Rs in mn) SPS BCTPL Sen-er Boya BCL China +644% +2,324% +159% Revenue 310 21 231 154 89 42 20 1 Q1FY21 Q1FY22 Q1FY21 Q1FY22 Q1FY21 Q1FY22 Q1FY21 Q1FY22 SPS BCTPL Sener Boya Bodal-China Particulars (Rs in mn) Q1FY21 Q1FY22 Q1FY21 Q1FY22 Q1FY21 Q1FY22 Q1FY21 Q1FY22 Sales 41.6

  9. Slide 9: Consolidated Profit & Loss Statement

    Consolidated Profit & Loss Statement Particulars (Rs. In Mn) Q1 FY22 Q1 FY21 Y-o-Y Q4 FY21 Q-o-Q Revenue from Operation 4,218.1 1,178.2 4,327.3 Other Income 63.7 44.8 -1.3 Total Income 4,281.8 1,223.0 250.1% 4,326.0 -1.0% Raw Material Consumed 2,256.5 945.8 2,695.2 Employee Expenses 240.1 189.9 188.

  10. Slide 10: Standalone Profit & Loss Statement

    Standalone Profit & Loss Statement Particulars (Rs. In Mn) Q1 FY22 Q1 FY21 Y-o-Y Q4 FY21 Q-o-Q Revenue from Operation 3,868.5 1,101.2 4,060.4 Other Income 71.8 54.9 24.7 Total Income 3,940.3 1,156.1 240.8% 4,085.0 -3.5% Raw Material Consumed 2,061.6 901.7 2,538.0 Employee Expenses 220.3 178.7 167.7

  11. Slide 11: Company Overview

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  12. Slide 12: A Leading Chemical Manufacturer

    A Leading Chemical Manufacturer 3 10 Rs. 12,424 Mn Decade Old organization Manufacturing Facilities FY21 Consolidated Revenue 12% 11% Basic Chemicals Dye Intermediates 70+ 10 7 Domestic + 3 Overseas Depots 36% 41% Dyestuffs Distributors Across India Others 7% Domestc Export 11% S. America 200+ 600+

  13. Slide 13: Company Evolution

    Company Evolution 1989 1993 - 1994 1997-2004 2006-2010 ▪ Incorporated as JK ▪ Acquired Unit II & Unit III ▪ 1997-Acquired two Units ▪ 2006-Listed on BSE via reverse merger Pharma at Unit II-A ▪ Name changed to Bodal ▪ 2004 -Acquired Unit I & with Dintex Dye Chem (Unit I) Chemicals Pvt. Ltd. Forward

  14. Slide 14: Geographical Footprint

    Geographical Footprint ~33% of Total Revenue is exported to over 45 countries across the world Revenue Breakup Domestic Export North America 100% 100% 100% 100% 11% Europe 29% 69% 56% 59% 67% Asia 53% 31% 44% 41% 33% FY18 FY19 FY20 FY21 Export Breakup (FY21) South America 7% 11.0% 7.0% Asia North Am

  15. Slide 15: Long Standing Clientele

    Long Standing Clientele Basic Chemicals Dye Intermediates Dyestuffs 600+ 70+ 45+ Countries Customers Distributors Across India Global Presence 14

  16. Slide 16: Experienced Board & Management Team

    Experienced Board & Management Team Mr. Suresh J. Patel Mr. Bhavin S. Patel Mr. Ankit S. Patel Mr. Mayur Padhya Chairman & MD Executive Director Executive Director Chief Financial Officer Experience : 30 years Experience : 17 years Experience : 13 years Experience : 25 years Background : Background

  17. Slide 17: Awards & Certifications

    Awards & Certifications Awards Certificates 2005-06 2016-17 ▪ BCL has ISO 9001:2015 and ISO 14001:2015 certifications ▪ Received the prestigious Chemexcil Gold Award for ▪ Highest Self Manufacturing Turnover for Domestic and for their production of Dye intermediates & Dyestuffs. outstanding performa

  18. Slide 18: Product Overview

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  19. Slide 19: Diversified Product Portfolio

    Diversified Product Portfolio Existing Products New Products Addition Basic Chemicals Dye Intermediates Dyestuffs Benzene Derivatives Sulphuric Acid Chlor Alkali ▪ Sulphuric Acid ▪ Vinyl Sulphone & ▪ Reactive Dyes ▪ MCB ▪ Caustic soda ▪ Sulphuric Acid ▪ Chlorosulphonic Acid Derivatives ▪ Acid Dyes ▪

  20. Slide 20: Manufacturing Value Chain

    Manufacturing Value Chain Input Materials Basic Chemicals Dye Intermediates Dyestuffs Trion Chemicals End Use Industry Water Vinyl Sulphone + Derivatives Reactive Dyes Textiles Para Nitro Aniline Ice H Acid Beta Naphthol Steam DASA Sulphuric Acid Power Acid Dyes Leather FC Acid Sulphur Chloro Sulpho

  21. Slide 21: Manufacturing Facilities

    Manufacturing Facilities Total 10 10 Depots In-house R&D Lab Total Employees Manufacturing Facilities (Exclusive Distribution Warehouse) ▪ 3 – Ahmedabad, Gujarat ▪ 1 - Ahmedabad, Gujarat ▪ Domestic 1,560+ ▪ 7 - India ▪ 4 - Vadodara, Gujarat ▪ 2 - Vadodara, Gujarat ▪ Contract Labours ~1,500 ▪ 1 - Chi

  22. Slide 22: Our Subsidiaries

    Our Subsidiaries Company FY21 Location Stake Details Name Revenue S P S Processors Private H-Acid - 3,000 MTPA | Limited (SPS) Uttar Pradesh, India 70% Rs 993 mn Vinyl Sulphone - 6,000 MTPA (expected to commercialized from Q2 FY22) Bodal Chemicals Trading Private Limited Gujarat, India 100% Rs 142 m

  23. Slide 23: Key Growth Drivers

    Key Growth Drivers Dyestuff Expansion TCCA Division Vinyl Sulphone at SPS Turkish entity Sener Boya Acquired 100% stake in Trion Additional Vinyl Sulphone Acquired ~ 80% stake to Capacity expansion of Chemicals and amalgamated Dyestuffs by 18,000 MTPA will plant of 6,000 MTPA capacity strengthen the

  24. Slide 24: Our Key Strengths

    Our Key Strengths 3 Decades of Presence ✓ Home grown player with deep understanding of Indian & Integrated Business Model global chemical market ✓ Integrated business model leading to cost competitiveness and protection against commodity cycle In house R&D Facilities ✓ Well- equipped production faci

  25. Slide 25: India's Edge In The Global Chemical Market

    India’s Edge In The Global Chemical Market Indian Chemical Industry Megatrend Industry (USD bn) ~9% ~11% Structural Shift China +1 Unorganized players in the Dye Intermediates India is emerging as the next alternative 300 and Dyestuffs Industry has been declining supplier for the global market 276 1

  26. Slide 26: Next Level of Growth

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  27. Slide 27: Capex To Drive Next Level Of Growth

    Capex To Drive Next Level Of Growth Capacity Addition (MTPA): Total Capex: Revenue Expected: Commercialisation ~Rs 6,700 mn ~Rs 8,500 mn P.A Expected by Q3FY23 Benzene Downstream ~78,960 Chlor Alkali Products including Sulphuric Acid ~3,40,000 Caustic Soda ~99,000 Greenfield Saykha Total Project Cos

  28. Slide 28: Moving Up The Value Chain With New Chemistries

    Moving Up The Value Chain With New Chemistries Sulphur Chain Benzene Chain Chlor Alkali Chain Chlorine Oleum 23% - 65% PNA PNCB Salt & Water Electrolysis Caustic Soda Solution (Power) 2,4 DNCB MPDSA Sulphur Sulphuric Acid Liquid SO3 ONCB Benzene MCB Hydrogen MNCB Sulphuric Acid Captive Consumption <

  29. Slide 29: Capex To Be Completed in FY23

    Capex To Be Completed in FY23 Revenue Visibility Chemical Segments FY21 FY22 FY23 FY24 Basic Chemicals 11.0% ✓ ✓ ✓ Dye Intermediates 41.0% ✓ ✓ ✓ Dyestuffs 36.0% ✓ ✓ ✓ Trichloroisocyanuric Acid (TCCA) 0.4% ✓ ✓ ✓ Caustic Soda - ✓^ ✓^ ✓ Sulphuric Acid & Derivatives (New additional capacity) - - ✓* ✓ Be

  30. Slide 30: Responsible Corporate

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  31. Slide 31: Environmentally Compliant

    Environmentally Compliant Common Treated Effluent Zero Discharge Effluent Spray Effluent Effluent Multiple Effect Solid Waste Discharge Access Plant Location Site (Solid+ Dryer Plant Treatment Plant Treatment Plant, Evaporator Incinerator Plant VECL Cala Liquid+Air) (ESDP) (at GIDC) (MEEP) Lit./Day

  32. Slide 32: Pollution Control Systems

    Pollution Control Systems ▪ Treats low load waste water ▪ Clarification ▪ Compliant with GPCB, CPCB norms ▪ Bio- degradation by AIS Effluent Treatment Plant (ETP) ▪ Capacity 500,000 liters / day ▪ Tertiary Poly system ▪ Chemical oxidation ▪ Online monitoring system ▪ Flocculation ▪ Installed world’s

  33. Slide 33: Responding To Critical Issue

    Responding To Critical Issue ▪ High costs involved in complying with environmental regulations Moreover, the rising industrial water and power rates are a concern. Key Challenges ▪ Scarcity of water can lead to insufficient supply affecting our production needs. ▪ The Chemical Industry is energy and

  34. Slide 34: CSR Activities

    CSR Activities Key Focus Areas ▪ Eradicating hunger, poverty and malnutrition ▪ Promoting healthcare and sanitation including contribution to the Swach Bharat Kosh ▪ Promoting education and enhancement of rural infrastructure ▪ Ensuring environmental sustainability ▪ Providing funds for construction

  35. Slide 35: Way Forward

    Way Forward Lower cost of production Capacity Rampup Economies of scale New Client Penetration Long term relationship with customers Ongoing Internal Efficiency Superior quality Our Edge Rigorous Integration 3+ decades of experience New Greenfield Expansion Client Diversification More B2C Approach I

  36. Slide 36: Consolidated Financial Highlights

    Consolidated Financial Highlights

  37. Slide 37: Financial Highlights

    Financial Highlights Revenue (Rs. In Mn) EBITDA (Rs. In Mn) PAT (Rs. In Mn) 14,369 13,852 2,366 2,495 1,329 1,413 12,449 12,424 2,039 1,219 11,517 1,481 860 1,025 398 FY17 FY18 FY19 FY20 FY21 FY17 FY18 FY19 FY20 FY21 FY17 FY18 FY19 FY20 FY21 EBITDA Margin (%) PAT Margin (%) 18.3% 10.4% 10.7% 17.0% 1

  38. Slide 38: Subsidiaries Performance

    Subsidiaries Performance Q4 FY21 Performance Particulars (Rs. In Mn) SPS BCTPL Sener Bodal (China) Total Income 293.0 31.0 165.0 39.0 EBITDA 20.0 -0.1 -60.0 2.0 PAT -5.0 -0.1 -91.0 1.0 FY21 Performance Particulars (Rs. In Mn) SPS BCTPL Sener Bodal (China) Total Income 993.0 142.0 792.0 161.0 EBITDA

  39. Slide 39: Consolidated Profit & Loss Statement

    Consolidated Profit & Loss Statement Particulars (Rs. In Mn) Q4 FY21 Q4 FY20 Y-o-Y Q3 FY21 Q-o-Q FY21 FY20 Y-o-Y Revenue from Operation 4,327.3 3,684.7 3,661.5 12,264.3 13,748.2 Other Income -1.3 36.9 70.1 159.3 104.0 Total Income 4,326.0 3,721.6 16.2% 3,731.6 15.9% 12,423.7 13,852.2 -10.3% Raw Mate

  40. Slide 40: Consolidated Balance Sheet

    Consolidated Balance Sheet Particulars (In Mn) Mar-21 Mar-20 Particulars (In Mn) Mar-21 Mar-20 ASSETS Equity & Liabilities Non-current assets 8,768.5 7,127.1 Equity 9,799.1 9,378.6 Property, Plant and Equipment 7,799.9 6,376.4 Equity Share capital 244.7 244.7 Capital Work-In-Progress 4.1 7.7 Other e

  41. Slide 41: Key Ratios

    Key Ratios Debt/ Equity (x) Return on Equity(%) Trending lower due to increasing 0.45 35.6% capital expenditure 0.41 17.5% 17.0% 0.17 0.19 0.12 9.2% 4.1% FY17 FY18 FY19 FY20 FY21 FY17 FY18 FY19 FY20 FY21 Return on Capital Employed (%) Net Working Capital Days Trending lower due to increasing capital

  42. Slide 42: Standalone Financial Highlights: Q4 & FY21

    Standalone Financial Highlights: Q4 & FY21

  43. Slide 43: Segmental Performance

    Segmental Performance Basic Chemical Dyestuffs Dye Intermediates Total Revenue (Rs in mn) Revenue Breakup 1,601 5,324 6,544 13,940 4,808 5,895 12,377 11,477 1,282 1,269 3,993 11,329 1,149 3,533 4,618 4,589 FY18 FY19 FY20 FY21 FY18 FY19 FY20 FY21 FY18 FY19 FY20 FY21 FY18 FY19 FY20 FY21 Basic Chemical

  44. Slide 44: Performance Highlights

    Performance Highlights Revenue (Rs. In Mn) EBITDA (Rs. In Mn) PAT (Rs. In Mn) 13,940 2,477 1,441 12,377 2,311 1,329 1,275 11,926 11,329 11,477 2,085 1,463 901 1,009 483 FY17 FY18 FY19 FY20 FY21 FY17 FY18 FY19 FY20 FY21 FY17 FY18 FY19 FY20 FY21 EBITDA Margin (%) PAT Margin (%) 18.7% 17.5% 11.2% 11.4%

  45. Slide 45: Standalone Profit & Loss Statement

    Standalone Profit & Loss Statement Particulars (Rs. In Mn) Q4 FY21 Q4 FY20 Y-o-Y Q3 FY21 Q-o-Q FY21 FY20 Y-o-Y Revenue from Operation 4,060.4 3,315.8 3,307.0 11,297.3 12,236.0 Other Income 24.7 34.9 47.0 180.0 141.0 Total Income 4,085.0 3,350.6 21.9% 3,354.0 21.8% 11,477.3 12,377.0 -7.3% Raw Materia

  46. Slide 46: Standalone Balance Sheet

    Standalone Balance Sheet Particulars (In Mn) Mar-21 Mar-20 Particulars (In Mn) Mar-21 Mar-20 ASSETS Equity & Liabilities Non-current assets 9,741.6 7,927.0 Equity 9,865.3 9,369.1 Property, Plant and Equipment 7,491.0 6,097.8 Equity Share capital 244.7 244.7 Capital Work-In-Progress 44.9 8.1 Right of

  47. Slide 47: Thank You

    Thank You Contact Information Company: Investor Relation Advisors: Bodal Chemicals Ltd. Strategic Growth Advisors Pvt. Ltd. CIN – : L24110GJ1986PLC009003 CIN - U74140MH2010PTC204285 Mr. Mayur Padhya Mr. Shrikant Sangani / Ms. Pankti Majithia Chief Financial Officer Email - shrikant.sangani@sgapl.net

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