Slide 1: Exchange filing cover letter
27/01/2025 To To BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, Bandra Kurla Complex, Dalal Street, Bandra (E), Mumbai - 400 001. Mumbai - 400 051. Scrip code : 509152 Symbol : GRPLTD – Series: EQ Dear Sir / Madam, Sub: Investor Presentation Pursuant
Slide 2: Investor Presentation January 2025
INVESTOR PRESENTATION January 2025 www.grpweb.com 1
Slide 3: Disclaimer
Disclaimer This presentation and the accompanying slides (the “Presentation”), which have been prepared by GRP 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 securities, and sh
Slide 4: Performance Highlights Q3 & 9M FY25
PERFORMANCE HIGHLIGHTS Q3 & 9M FY25
Slide 5: Managing Director's Message
Managing Director’s Message Commenting on the Q3FY25 and 9MFY25 performance of the company Mr. Harsh Gandhi, Managing Director for GRP Limited Said, “We are pleased to report that our revenue for 9M FY25 stood at Rs 3,912 million, reflecting a 20% growth driven by a 12% increase in volumes. EBITDA m
Slide 6: Q3 Performance Highlights - Consolidated
Q3 Performance Highlights - Consolidated (in Rs. Mn) Total Income EBITDA PAT +20% +20% +2% 1,327 130 43 44 1,102 109 Q3FY24 Q3FY25 Q3FY24 Q3FY25 Q3FY24 Q3FY25 Gross Margins (%) EBITDA Margins (%) PAT Margins (%) -246 bps -7 bps -61 bps 55.5% 53.1% 9.9% 9.8% 3.9% 3.3% Q3FY24 Q3FY25 Q3FY24 Q3FY25 Q3FY
Slide 7: 9M Performance Highlights - Consolidated
9M Performance Highlights - Consolidated (in Rs. Mn) Total Income EBITDA PAT +20% +23% +3% 3,912 363 110 113 3,249 294 9MFY24 9MFY25 9MFY24 9MFY25 9MFY24 9MFY25 Gross Margins (%) EBITDA Margins (%) PAT Margins (%) -153 bps +22 bps -50 bps 53.8% 52.3% 9.1% 9.3% 3.4% 2.9% 9MFY24 9MFY25 9MFY24 9MFY25 9
Slide 8: Segment Wise Quarterly Performance Trend - Standalone
Segment Wise Quarterly Performance Trend - Standalone (in Rs. Mn) Reclaim Rubber Revenue Trend1 Non- Reclaim Revenue Trend1 +19% +7% 1,235 153 154 1,119 1,140 147 1,112 137 960 453 114 472 449 447 390 Domestic Exports 782 669 693 570 640 Q3FY24 Q4FY24 Q1FY25 Q2FY25 Q3FY25 Q3FY24 Q4FY24 Q1FY25 Q2FY25
Slide 9: Segment Wise Revenue Split - Standalone (YTD Basis)
Segment Wise Revenue Split – Standalone (YTD Basis) (in Rs. Mn) RR Revenue Non-RR Revenue Revenue Spilt (%) +17% +21% 11% 3,371 415 2,886 343 Total Revenue +17% 3,786 89% 9MFY24 9MFY25 9MFY24 9MFY25 3,229 RR Business Non-RR Revenue Domestic Revenue Exports Revenue Geographical Spilt (%) +21% +14% 9M
Slide 10: Key Highlights
Key Highlights Despite steady improvement in the international market demand and heightened freight costs over previous year, the Reclaim Rubber business has achieved 10% growth in volume during the quarter (YoY) The gross margins for the year under review have dropped due to an increase in raw mate
Slide 11: Strategic CAPEX Announcement: Investing in Future Growth
Strategic CAPEX Announcement : Investing in Future Growth and Operational Excellence Capex upto Rs 250 Crores - This investment will be executed in two phases over a period of three years KEY TAKEAWAYS ▪ The total funding requirement for these projects will be met through Phase 1 - Rs 150 Crores to
Slide 12: Profit & Loss Statement - Consolidated
Profit & Loss Statement - Consolidated Profit & Loss (Rs. Mn) Q3FY25 Q3FY24 Y-o-Y / Bps 9MFY25 9MFY24 Y-o-Y (%) Revenue from Operations 1,323 1,097 21% 3,901 3,234 21% Other Income 4 5 11 14 Total Revenue 1,327 1,102 20% 3,912 3,249 20% Cost of Goods Sold 622 490 1,868 1,501 Gross Profit 704 612 15%
Slide 13: Company Overview
COMPANY OVERVIEW
Slide 14: GRP at a Glance
GRP Is A Marquee Scalable Integrated Polymer Recycling Company INCEPTION VALUE CHAIN MANUFACTURING EXPANSION CAPABILITIES 5 5 5 decades of excellence Business Verticals Strategic locations Head quartered in 90000+* MTPA capacity Mumbai GRP MARKET LEADERSHIP REPUTABLE CUSTOMER BASE ESTABLISHED VENDOR
Slide 15: With Clear Vision And Values
With Clear Vision And Values… Company GRP is a sustainable materials producer that helps brand owners fulfil obligations for responsible use of end-of-life waste Our Vision The trusted global partner offering innovative sustainability solutions, committed to responsible value creation for all stakeh
Slide 16: 5 Decades Of Journey Towards An Integrated Recycling Platform
5 Decades Of Journey Towards An Integrated Recycling Platform 1974 1978 1984 1997 Gujarat Reclaim and 1st reclaim rubber Got its first ever Diversified into Rubber Products Limited unit established at export order Custom Die Forms was incorporated Ankleshwar 2014 2012 2011 2006 Diversified into 5th
Slide 17: 5 Business Verticals And Diverse Customer Segments
Pioneering The Value Chain With 5 Business Verticals And Diverse Customer Segments… Business Verticals Key Customer segments Automotive Conveyor Automotive tyres Electrical Products Belts Transportation Polymer/Rubber Furniture Agricultural Equipment (Shipping & Trucking) Compounding www.grpweb.com
Slide 18: Maximizing the Use of End-of-Life Tyres Across Verticals
Maximizing the Use of End-of-Life Tyres Across Verticals Polymer Composite 1 Tread Reclaim rubber 2 Reclaim rubber Whole Tyre Sidewall Custom Die Forms Polyamide for Engineering Plastics 1 Tyre cord Fiber Polyamide for Engineering Plastics 1 Growth Emerging verticals with significant potential for m
Slide 19: Made In India For The World With Well-diversified Procurement Network
Made In India For The World With Well-diversified Procurement Network Solapur 7 Strategically located manufacturing facilities across Sourcing Network 350+ 5 locations with a capacity of 90,500 ΜΤΡΑ2 domestic and international vendors 2011 | 1,15,960 sqm1 150+ Sourcing touchpoints Key Raw materials
Slide 20: Wide Range of Applications for Reclaim Rubber
Wide Range of Applications for Reclaim Rubber VALUE PROPOSITION ECONOMIC PROCESSING ENVIRONMENTAL • Cost-saving by replacing • Faster mixing cycle & • Provides alternative to hazardous, landfills virgin rubber & Carbon Black Improved extrusion rate • Substitutes natural rubber & crude based • Reduce
Slide 21: Advanced solutions for Engineering Plastics and Repurposed Polyolefins
Advanced solutions for Engineering Plastics and Repurposed Polyolefins ENGINEERING PLASTICS REPURPOSED POLYOLEFFINS POLYAMIDE 6 ▪ High quality engineering plastic, used in ICPP applications requiring superior mechanical • Used across various applications in the properties automotive and industrial s
Slide 22: Polymer Composite and Custom Die Forms For Diverse Industries
Polymer Composite and Custom Die Forms For Diverse Industries BOARDS ▪ Highly customizable boards include tongue and groove, lug boards, planks etc. LINK MATS ▪ Trailer decking application as an alternative to steel and wood leads to a 25% - -- -- ▪ Installed for workplace safety to provide impact 2
Slide 23: In-house R&D - Driving Innovation In Product, Process, and Application
In-house R&D - Driving Innovation In Product, Process, and Application GRP has developed an in-house R&D for Product, Process and Application Research Department of Scientific & Industrial Research Recognized Key Principles Product: Process: Application: Continuous development of new ``` Development
Slide 24: Key Growth Drivers
Limitless Possibilities In Waste To Wealth With Growing Market Globally RECLAIM RUBBER Reclaim Rubber Market 28mn vehicles are produced every year Global (USD Mn) RECOVERED CARBON BLACK CAGR: 11% 2,160 CAGR: 10% 190mn new tyres are available 1,272 in domestic market every year 1,046 CRUMB RUBBER Val
Slide 25: Significant Growth Opportunities in the Plastic Market
Significant Growth Opportunities in the Plastic Market Global Plastic Recycling Rate 10% Plastic waste generation (By Material) 19.0% Globally, around 400mn MTA of plastic waste is generated, 10.5% 10% of this is recycled 5.8% Rest is either incinerated or dumped into landfills or leaked 1.3% 0.8% 0
Slide 26: Well Entrenched Customer Relationships With Reputed Tyre And Non-tyre Customers
Well Entrenched Customer Relationships With Reputed Tyre And Non-tyre Customers 40+ Customers have been associated with GRP for >10 years in reclaim rubber percent www.grpweb.com The Brand Names mentioned are the property of their respective owners and are used here for identification purpose only.
Slide 27: Awards and Accolades
Celebrating Excellence: Awards and Accolades Recognizing Our Achievements Recent inclusion to our achievements CERTIFICATIONS Crisil Rating IATF 16949:2016, ISO 9001:2015, ISO14001:2015, Long term loan : A- ISO45001:2018 Short term loan : A2+ AWARDS First Reclaim Rubber manufacturer to receive ISCC+
Slide 28: Distinguished Board of Directors
Distinguished Board of Directors Rajendra Gandhi Harsh Gandhi Hemal Gandhi Executive Chairman Managing Director Executive Director Founder promoter, with 40+ years of industry experience. Associated with GRP since 2001 with 23+ years of experience 10+ years in Branding and Corporate Communications.
Slide 29: Paving the Way for Sustainability With Focus On ESG
Paving the Way for Sustainability With Focus On ESG Voluntarily published Business Responsibility and Sustainability Report (BRSR) in 2024 20% women participation in workforce by 2025 50% Renewable energy target by 2025 HIGHLIGHTS Green Tech 10% 20% Zero Liquid Investments Reduction in Scope 1 & Ene
Slide 30: Sustainable Development Goals (Adopted By GRP)
Sustainable Development Goals (Adopted By GRP) GRP believes in ‘giving back to the society and the planet’, it has shown a high level of engagement across following six out of the seventeen SDGs adopted by all UN member states to build a better world for people and planet Wellness initiatives Target
Slide 31: CSR - Leading Positive Initiatives For A Better Future
CSR - Leading Positive Initiatives For A Better Future At GRP, CSR contributes in shaping the ‘How’ and the ‘Why’ of almost every activity we undertake. Over the years, we are happy to have played a role in giving back to the community through our products as well as our CSR activities. We are grate
Slide 32: Growth Opportunities
GROWTH OPPORTUNITIES
Slide 33: Key Rights to Win: Strategic Advantages for Market Leadership
Key Rights to Win: Strategic Advantages for Market Leadership GRP has built a reputable recycling brand which is trusted by leading brand owners globally Trusted Global Recycling Brand in Reclaim Rubber Partnerships with leading Developed long-standing relationships with brand-owners leading brand-o
Slide 34: Future Growth Pillars For The Business Across The Value Chain
Future Growth Pillars For The Business Across The Value Chain To Drive Profitability GRP has established a reputable and scalable platform which can be leveraged to achieve the next level of growth 1 ▪ Leading companies globally have committed to achieve high sustainability targets in the near Deman
Slide 35: Capitalizing on EPR Guidelines for Tire Recycling
Capitalizing on EPR Guidelines: Opportunities for Leading Tire Recycling Companies like GRP Recent government guidelines for implementation of EPR in the domestic market shall further boost the need for rubber recycling in India and open up a new revenue stream for players like GRP EPR Recycling Tar
Slide 36: EPR In Plastic Packaging Overview
EPR In Plastic Packaging Overview: Producer (Category - 1 Only) The Government guidelines which mandate rigid plastic packaging producers to recycle and incorporate recycled content in their products shall drive the demand for recycled polypropylene FY29 FY22 FY23 FY24 FY25 FY26 FY27 FY28 onwards 25
Slide 37: Historical Financial Performance
Historical Financial Performance Total Income EBITDA Profit After Tax EPS (INR Rs.) (Rs. in Mn) (Rs. in Mn) (Rs. in Mn) +7% 4,605 4,630 523 226 169.8 3,896 +28% 3,493 +66% 343 139 104.6 2,816 244 196 188 58 43.2 30 22.3 17 12.5 FY20 FY21 FY22 FY23 FY24 FY20 FY21 FY22 FY23 FY24 FY20 FY21 FY22 FY23 FY
Slide 38: Key Financial Ratios
Key Financial Ratios Return on Capital Employed (%) Return on Equity (%) Return on Asset (%) EBIT/ (Debt + Equity) Networth (Rs In Mn) Net Profit / Networth Net Profit / Total Assets 14% 14% 7% 1,667 1,474 1,272 1,316 1,362 9% 5% 9% 5% 4% 2% 3% 3% 2% 1% 1% 1% FY20 FY21 FY22 FY23 FY24 FY20 FY21 FY22
Slide 39: Thank You!
THANK YOU! Company : Investor Relations Advisors : CIN: L25191GJ1974PLC002555 CIN: U74140MH2010PTC204285 Ms. Shilpa Mehta Mr. Abhishek Shah / Mr. Vatsal Shah Chief Financial Officer abhishek.shah@sgapl.net / vatsal.shah@sgapl.net investor.relations@grpweb.com +91 99306 51660 / +91 88796 59884 www.gr