Laxmi Organic Industries Ltd. · NSE:LXCHEM
Laxmi Organic Industries — Q2 FY24 Earnings Presentation
14 slides from Laxmi Organic Industries's earnings presentation, Oct 27, 2023
Slide 1: Exchange intimation letter for analyst meet
October 27, 2023 BSE Limited National Stock Exchange of India Limited Corporate Relationship Department, Exchange Plaza, Bandra Kurla Complex, 1st Floor, New Trading Ring, Bandra (E), Rotunda Building, P. J. Towers, Mumbai – 400 051 Dalal Street, Fort, Trading Symbol: LXCHEM Mumbai – 400 001 Scrip C
Slide 2: Geared to Win – Analyst Presentation Q2 FY24
Geared to Win – Analyst Presentation Investor Presentation – Q2 FY24 27 October 2023 www.laxmi.com
Slide 3: Disclaimer
Disclaimer This presentation and the accompanying slides (the “Presentation”), have been prepared by Laxmi Organics Limited (the “Company”) solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities and shall not form the
Slide 4: Who we are?
Who we are? Essentials Specialties Acetyl Intermediates including Anhydrides Fluorine & Specialty Intermediates • Lean & reliable supplier • Worldclass technology platforms • Large addressable market > USD 12 billion • Large addressable market > USD 3.5 billion • Economy of scale and cost leadership
Slide 5: Geared to Win! Global leadership in our range of products
Geared to Win! 1 Global leadership in our range of products Ambitions… Cost leadership across the technology 2 platforms Historical Performance 1 Top 5 in our segments globally 2500 (INR Cr) 300 2,100 3 Large-scale, flexible and safe operations 2000 250 250 1,450 200 2 Continued leading cost positio
Slide 6: Differentiated financial steering
Differentiated financial steering Essentials Specialties 1 2 3 4 5 Technology Ketene/ New Platforms Esterification Acetylation Diketene Fluorination Platforms… Asset Turns Asset Turns 3-5 1-2 Targeted EBITDA Margins EBITDA Margins Financial KPIs 8-12% 20-25% Combined ROCE 20% LAXMI ORGANIC INDUSTRIE
Slide 7: Growth Enablers – Innovation pipeline
Growth Enablers – Innovation pipeline 1 Continue to invest 2% of Specialties revenues for 1 Innovation Continue >20% Revenue Contribution from New 2 Products in Specialities* Strong Innovation Pipeline – 11 products are in pilot 3 and capex approval stage 4 Infrastructure - Miteni piloting assets al
Slide 8: Growth Enablers – Strategically located manufacturing sites
Growth Enablers – Strategically located manufacturing sites 2 1 Mahad (2 units) 2 Lote 3 Dahej • Land parcel: 45 acres • Land parcel: 86 acres • Land parcel: 30 acres • Land Occupancy: 90% • Land Occupancy: 0% (To be built) • Land Occupancy: 50% • Product Mix: • Product Mix (proposed): • Product Mix
Slide 9: Living Our Values to Deliver our Ambitions
Living Our Values to Deliver our Ambitions Integrity Innovation To do what is right in the To create a culture where interest of all our stakeholders failure is the first step to with an unwavering focus success Customer Centricity Sustainability To improve the lives of our To make a positive impact
Slide 10: Financial Update: Highlights H1 FY24
Financial Update: Highlights H1 FY24 Consol Revenue Consol EBITDA Consol CFO Debt Equity ₹ 13,936m ₹ 1,284m ₹ 3,086m 11% -1% YoY -4% YoY 318% YoY Vs 28% for FY’23 Business Unit Revenue Business Unit Business Unit Specialties CM% growth Essentials: 70% EBITDA Export 13% YoY growth in H1’24 (vs 65% FY
Slide 11: Financial Update: Highlights Q2 FY24
Financial Update: Highlights Q2 FY24 Consol Revenue Consol EBITDA Consol CFO Debt Equity ₹ 6,605m ₹ 471m ₹ 1,369m 11% 1% YoY 50% YoY 139% YoY Vs 28% for FY23 -10% QoQ -42% QoQ -20% QoQ Vs 19% for Q1 FY23 Business Unit Revenue Business Unit Business Unit Specialties CM% growth Essentials: 72% EBITDA
Slide 12: Financial Update: De-risked Business Model continues to Deliver
Financial Update: De-risked Business Model continues to Deliver Exports continue to remain relevant Diversified Industry Base H1’24 % of sales Domestic Export 13% 78% Pharma 69% 14% 67% 64% 43% 62% 60% Printing & Packaging Agro Colour & Pigment 40% 38% 31% 22% 33% 36% 30% Q1 FY23 Q2 FY23 Q3 FY23 Q4
Slide 13: Financial Update – Consolidated Results Q2'24 & H1'24
Financial Update– Consolidated Results Q2’24 & H1’24 INR Mn. Particulars Q2'24 Q1'24 QoQ (%) Q2'23 YoY (%) H1'24 H1'23 YoY (%) Total Income 6,605 7,331 -10% 6,551 1% 13,936 14,138 -1% Cost of Materials 4,617 4,778 -3% 4,702 -2% 9,396 9,282 1% Gross Profits 1,988 2,553 -22% 1,848 8% 4,541 4,855 -6% G
Slide 14: Thank you!
Thank you! For further information, please contact: Kruti Patel Aniket Hirpara kruti@GoIndiaadvisors.com investors@laxmi.com M:+91 8108933441 M:+91 7666830913
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