Race Eco Chain Ltd. · NSE:RACE
Race Eco Chain — Q1 FY24 Earnings Presentation
15 slides from Race Eco Chain's earnings presentation, Aug 18, 2023
Slide 1: Submission of Presentation on Quarterly Financial Result, Quarter Ended 30th June 2023
17th August, 2023 Bombay Stock Exchange LimitedDepartment National Stock Exchange of India Limited of Corporate Services, Listing Department Phiroze Jeejee Bhoy Towers, Dalat Street, Exchange Plaza,C-1, Block-G, Mumbai 400001 Bandra-Kurla Complex, Mumbai 400051 Scrip Code: 537785 Symbol: RACE Submis
Slide 2: Company Profile
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Slide 3: Our Business Model
OUR BUSINESS MODEL OUR BUSINESS SEGMENTS Aggregating & supplying the plastic packaging waste to Plastic Packaging the recyclers through our vast waste supply chain of 500+ Waste suppliers network pan India. Elevating the Green Energy Revolution by aggregating & Biomass Fuel supplying biomass briquet
Slide 4: Q1 FY24 – Performance Highlights
Q1 FY24 – PERFORMANCE HIGHLIGHTS Snapshots 41,000+ MT Operating Revenue (Q1 FY24) EBITDA (Q1 FY24) PAT (Q1 FY24) This is the quantum of waste that we aggregated during our first quarter of FY24. ₹11,074 Lacs ₹193 Lacs ₹91 Lacs 160% YoY Growth 5.2x YoY Growth 3.7x YoY Growth India generates more than
Slide 5: India Plastic Waste Industry
INDIA PLASTIC WASTE INDUSTRY Plastic Waste Generated - India (million TPA) 4.1 3.4 3.5 2018-19 2019-20 2020-21 Favourable Regulations • Favourable regulatory environment around the plastic waste India generates more than 4 MT of management is also catalysing tailwinds for this industry. plastic wast
Slide 6: Plastic Packaging Waste Business Numbers
Plastic Packaging Waste Business Numbers Snapshots Revenue (Q1 FY24) Market Share (PET Waste) 24,000+ MT ₹9,322 Lacs 8% This is the quantum of plastic waste that we aggregated during our first quarter of FY24 230%+ YoY Growth 600bps YoY Growth registering a growth of more than 4.4x YoY Our gradually
Slide 7: India Biomass Industry
INDIA BIOMASS INDUSTRY Indian Biomass Market (US $Bn) According to research report published by 4 “Transparency Market research”, the Indian biomass industry was valued around US $ 1.7 1.7 Bn in 2019 & is expected to grow @ CAGR of 8% to reach US$ 4 bn by 2030. 2019 2030 The Power ministry recently
Slide 8: Biomass Fuel Business Numbers
Biomass Fuel Business Numbers 17,000+ MT Biomass Fuel Aggregated (MT) 17,085 This is the quantum of Biomass 7,617 Briquettes that we aggregated during our EBIT (Q1 FY24) first quarter of FY24. Hence, achieving a growth of more than 2.2x YoY Q1 FY23 Q1 FY24 ₹11 Lacs • The price of biomass fuel is sub
Slide 9: Our Major Clients
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Slide 10: Financial Overview
FINANCIAL OVERVIEW INR Lakhs 12,000 2.0% PARTICULARS Q1 FY24 Q1 FY23 1.7% 1.8% 10,000 1.6% INCOME STATEMENT 1.4% 8,000 11,074 Revenue from Operations 11,074 4,278 1.2% 6,000 0.8% 1.0% 0.7% 10,881 4,246 0.8% Operating Costs 4,000 0.6% Operating Profit (EBITDA) 193 31 4,278 0.4% 2,000 0.1% Other Incom
Slide 11: ESG Adherence
ESG ADHERENCE “Journey Towards Business Sustainability” • Voluntary filing of SEBI BRSR: Our company has voluntarily adopted SEBI’s BRSR reporting for making ESG based disclosures • Our first BRSR report will be published for FY23 • Embarking on our sustainability journey, we have performed material
Slide 12: ESG Adherence: RACE is Working to Bridge the Sustainability Gap
ESG ADHERENCE : RACE is Working to Bridge the Sustainability Gap Unorganised Suppliers Organised Recyclers 80% of India’s waste is Adherence to ESG is handled by informal sector. gradually becoming a Many of these do not mandate (Eg: SEBI has comply with employee RACE mandated ESG disclosures for to
Slide 13: Demerger: The Way Ahead for RACE
DEMERGER: “The Way Ahead for RACE” To make operations more focused and making capital allocation more efficient, The Board of the company is considering the demerger of existing business segments of RACE into three entities: Proposed Demerger of Business Segments Plastic packaging Plastic Packaging
Slide 14: New Businesses; Strengthening the Governance Mechanism
NEW BUISNESSES Strengthening the Governance Mechanism • RACE has taken stake in Abhay Innovative Engineering Ltd. which in turn is taking over the business of a Pet Bottle • To broaden the board's diversity and enhance its scrap Wash line. Modalities are being worked out. strengths, the Board of Dir
Slide 15: Thanks
Thanks www.raceecochain.com