Slides
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Investor Presentation – Q3 FY ’25 Chemplast Sanmar Ltd.
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Safe Harbour This presentation and the accompanying slides (the ‘Presentation’), which have been prepared by Chemplast Sanmar Ltd. (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 shall not form the basis or be relied on in connection with any contract or binding com mitment whatsoever. No offering of securities of the Compan y will be made except by means of a statutory offering document containing detailed information about the Company. This Presentation has been prepared by the Company based on i nformation and data which the Company considers reliable, b ut the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and reasonableness of the contents of this Presentation. This Presentation may not be all inclusive and may not contain all of the information that you may consider material. Any liability in respect of the contents of, or any omission from, this Presentation is expressly excluded. This Presentation contains certain forward looking statements concerning the Company’s future business prospects and business profitability, which are subject to a number of risks and uncertainties and the actual results cou ld materially differ from those in such forward looking stat ements. The risks and uncertainties relating to these statements include, but are not limited to, risks and u ncertainties regarding fluctuations in earnings, our ability to manage growth, competition (both domestic and international), economic growth in India and abroad, ab ility to attract and retain highly skilled professionals, t ime and cost over runs on contracts, our ability to manage our international operations, government policies and actions regulations, interest and other fiscal costs ge nerally prevailing in the economy. The Company does not undertake to make any announcement in case any of these forward looking statements become materially incorrect in future or update any forward looking statements made from time to time by or on behalf of the Company. 2
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Performance Highlights
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-127 -56 -7 32 Q3 FY '25 Performance Highlights: Q3 & 9M FY ’25 4 Rs. Cr Key Highlights • Business performance improved largely on account of better prices and margins on Paste PVC, improved performance of CMCD and also due to increase d volumes of Paste PVC from the new Cuddalore plant PVC (both Suspension and Paste) • Witnessed price and margin pressures due to excessive dumping in Q3 FY ’25 amidst slower global demand • Suspension PVC : Preliminary finding of ADD is under approval w ith finance ministry to address the issue of dumping. • Paste PVC : Dumping from EU & Japan has undermined the impact of a nti- dumping duty on other countries - being represented. • Production of Paste PVC at new Cuddalore facility is ramping up Custom Manufactured Chemicals Division (‘CMCD’): • CMCD registered a stable performance in Q3 FY ‘25 • Phase 2 of the new multi-purpose production block (‘MPB’) commissioned in Q3 FY ’25 • Project activities for phase-3 of the new MPB and the civil & infr astructure work for the next MPB have been initiated Value Add Chemicals • Prices of Chloromethanes & R22 remained under pressure led by i ntense competition • The demand for Caustic Soda and Hydrogen Peroxide remained st eady, while their prices fluctuated. All computations are on Consolidated basis Revenues PAT EBITDA 888 1,058 Q3 FY '24 Q3 FY '25 2,872 3,195 9M FY'24 9M FY'25 5 182 9M FY'24 9M FY'25 -89 -49 9M FY ‘24 9M FY ‘25 Q3 FY ‘24 Q3 FY ‘24 Q3 FY ‘25
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MD’s Message 5 “Our results for the current year show a marked improvement o ver the same period in FY ‘24. The total revenue for the first n ine months stood at Rs 3,195 crores, a growth of 11% on YoY basis. This was large ly on account of better prices and margins on the PVC business es and improved performance of CMC Division (‘CMCD’). The last couple of years have been challenging for the Compan y, due to dumping of product, especially of Suspension and Pa ste PVC, resulting in margin pressures. Dumping of Suspension PVC fr om China and Paste PVC from the European Union have resulted i n pricing headwinds and the consequent impact on margins. However, do mestic demand has been quite good with the apparent consumpt ion of Suspension PVC registering a 11% growth on a year-on-year basis in the 9-month period April to December 2024, while PastePVC registered a 13% growth over the same period. On CMCD, the MPB 3 phase 1 commissioned last year has been ramp ing up well and we expect healthy business from the host of mol ecules which have been commercialized. Phase 2 of MPB 3 was commissi oned in December ‘24. The pipeline of products under develop ment is strong and is continuously growing with increase in new enquiries from customers. The Value-added chemicals business # witnessed mixed demand trends across end-user industries. Volumes for our value-added chemicals grew by 5% in the quarter and 24% over the first nine months of FY25, driven by steady demand across diverse sectors. Suspension PVC industry has seen healthy demand growth than ks to increased traction from housing, construction, irrig ation and drinking water segments. We remain positive on the demand side in the coming period. The extension of the Jal Jeevan Mission to 2028, announced in the recent Union Budget, augurs well for Suspension PVC demand. Going ahead, we remain resilient and focused on expanding our capacities and capabilities, especially in the Specialtysegment, to capitalise on improving market conditions.” Ramkumar Shankar Managing Director # - Includes Caustic Soda, Chloromethanes, Hydrogen Peroxide & Others
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Segmental Highlights - Quarterly 6 “mt “stands for metric tons # - Includes Caustic Soda, Chloromethanes, Hydrogen Peroxide & Others Rs. Cr Speciality Chemicals Value -added Chemicals # Suspension PVC Consolidated mt Sales Volume 888 993 1,058 Q3 FY '24 Q2 FY '25 Q3 FY '25 554 529 527 Q3 FY '24 Q2 FY '25 Q3 FY '25 140 161 154 Q3 FY '24 Q2 FY '25 Q3 FY '25 194 303 377 Q3 FY '24 Q2 FY '25 Q3 FY '25 37,527 43,249 39,482 Q3 FY '24 Q2 FY '25 Q3 FY '25 16,439 20,961 24,884 Q3 FY '24 Q2 FY '25 Q3 FY '25 1,31,362 1,33,711 1,34,341 Q3 FY '24 Q2 FY '25 Q3 FY '25 77,396 69,501 69,975 Q3 FY '24 Q2 FY '25 Q3 FY '25 Revenue Break-up
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Segmental Highlights – Nine Months 7 “mt “stands for metric tons # - Includes Caustic Soda, Chloromethanes, Hydrogen Peroxide & Others Rs. Cr Speciality Chemicals Value -added Chemicals # Suspension PVC Consolidated mt Sales Volume 2,872 3,195 9M FY '24 9M FY '25 1,843 1,699 9M FY '24 9M FY '25 394 466 9M FY '24 9M FY '25 635 1,031 9M FY '24 9M FY '25 1,01,796 1,26,431 9M FY '24 9M FY '25 52,843 71,557 9M FY '24 9M FY '25 3,99,477 4,18,233 9M FY '24 9M FY '25 2,44,838 2,20,245 9M FY '24 9M FY '25 Revenue Break-up
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Consolidated Profit & Loss Account Particulars Q3 FY ’25 Q3 FY ’24 Y-o-Y Q2 FY ’25 Q-o-Q 9M FY ’25 9M FY ’24 Y-o-Y Revenue from Operations 1,058 888 19% 993 7% 3,195 2,872 11% Cost of Goods Sold 683 603 13% 624 9% 1,992 1,985 0% Employee Cost 67 42 59% 66 1% 191 119 61% Other Expenses 276 249 10% 277 0% 830 764 9% EBITDA 32 (7) n.a. 26 24% 182 5 3644% EBITDA Margin % 3% -1% 3% 6% 0% Other income 11 13 -15% 11 0% 33 68 -51% Depreciation 47 38 25% 45 4% 137 105 30% EBIT (4) (32) n.a. (9) n.a. 78 (33) n.a. Finance Cost 59 47 26% 57 4% 174 130 34% Profit Before Tax (63) (78) n.a. (65) n.a. (96) (162) n.a. Tax (14) 11 (34) (40) (35) PAT (49) (89) n.a. (31) n.a. (56) (127) n.a. PAT Margin % -5% -10% -3% -2% -4% Basic EPS (Rs. /share) (3.06) (5.65) (1.95) (3.53) (8.05) n.a. - not applicable Rs. Cr 8
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Stand-alone Profit & Loss Account Particulars Q3 FY ’25 Q3 FY ’24 Y-o-Y Q2 FY ’25 Q-o-Q 9M FY ’25 9M FY ’24 Y-o-Y Revenue from Operations 586 439 33% 516 13% 1,662 1,140 46% Cost of Goods Sold 307 235 31% 246 25% 817 541 51% Employee Cost 47 29 59% 45 5% 131 81 63% Other Expenses 217 184 18% 211 3% 640 560 14% EBITDA 15 (10) n.a. 14 3% 74 (42) n.a. EBITDA Margin % 2% -2% 3% 4% -4% Other income 4 4 7% 5 -7% 14 37 -63% Depreciation 35 27 31% 34 4% 102 72 41% EBIT (16) (33) n.a. (15) n.a. (15) (78) n.a. Finance Cost 21 11 98% 20 9% 61 20 208% Profit Before Tax (37) (43) n.a. (34) n.a. (76) (97) n.a. Tax (8) 17 (26) (35) (23) PAT (30) (60) n.a. (8) n.a. (40) (74) n.a. PAT Margin % -5% -14% -2% -2% -7% Basic EPS (Rs. /share) (1.88) (3.79) (0.50) (2.55) (4.69) n.a. - not applicable Rs. Cr 9
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Company Overview
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Chemplast Sanmar: Leading Chemical Manufacturer in India… #1 manufacturer of Speciality Paste PVC resin in India #1 manufacturer of S-PVC in South India & 2nd largest in India (1) Leading player in Custom Manufactured chemicals #1 manufacturer of Hydrogen Peroxide in South India One of the oldest manufacturers of Chloromethane s in India #4 manufacturer of Caustic Soda in South India Marquee parentage The Sanmar Group is amongst the oldest and most prominent corporate groups in South India Fairfax, a well-known international investor, has been an investor since 2016 in the SHL Chemicals Group (3) 4 Manufacturing sites with a high degree of backward integration (2) Experienced management team with deep domain expertise Rs. 3,923 Cr Revenue Rs. 26 Cr EBITDA Consolidated FY ’24 Note: 1. S-PVC – Suspension PVC ; Through its wholly owned sub sidiary, Chemplast Cuddalore Vinyls Limited (‘CCVL’) 2. For significant portion of its operations 3. Through FIH Mauritius Investments Limited 11
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Chemplast Sanmar CCVL (1) … with a Diversified Product Portfolio End-user industries Speciality Paste PVC resin Custom Manufacturing Caustic Soda Hydrogen peroxide Chloromethanes Capacity 107,000 mtpa 4,500 (2) mtpa 119,000 mtpa 34,000 (3) mtpa 35,000 mtpa 331,000 mtpa FY ’24 Sales split 25% 13% 62% Speciality Chemicals Value-added Chemicals Suspension PVC Note: 1. Wholly-owned subsidiary of Chemplast Sanmar Ltd. 2. Including capacity of the Phase 1 and Phase 2 expansions of the new Multi-purpose Block 3. The Hydrogen Peroxide capacity is calculated at 50% conce ntration level, in line with industry standards. ( ‘mtpa’ stands for metric tons per annum) 12 Footwear Auto and Furniture upholstery Artificial leather products Mats Pharma Agrochemicals Fine Chemicals Irrigation Real estate Urban infra Paper Textile Textiles Paper Organic and Inorganic Chemicals Effluent treatment at refineries Dis- infectants Pharma Agro- Chemicals Refrigerants (HFOs)
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1. Speciality Paste PVC 13 CSL is the oldest player and one of only two companies in India having the requisite technology > 60% of Paste PVC capacity is backward integrated Leadership position in Indian market; With the 41 ktpa expansion, CSL has ~83% of domestic production capacity and ~66% market share with the downstream capacities configured to CSL’s resin quality Long-standing customer relationships The Sanmar Advantage Part of speciality chemical division of Chemplast Sanmar. Largest manufacturer of Speciality Paste PVC resin in India • Manufactured at Mettur facility since 1968; 41 ktp a one-step process capacity added at Cuddalore in Q4-FY ‘24 • Primary raw materials include EDC, Ethylene, Chlo rine and VCM (for 41 ktpa - Cuddalore facility) • In-house capacity to manufacture significant porti on of EDC and all of VCM requirements for the backward integrated capacity of 66 ktpa. This provides flexibility in operations and reduces dependence on external suppliers. • High repeat business – customer stickiness Key growth drivers • India is heavily import-dependent - import substitution opportunity • Enough headroom to grow – no capacity expansions have been a nnounced – technology is a barrier • Growing demand in end-user industry driven by low per capita consumption • Customer stickiness
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2. Custom Manufactured Chemicals 14 Renowned for our Sustainability, Environmental and Safety stewardship Professional management with high standards of ethics and integrity Proven track record of execution, with a long history of partnerships with global originator and innovator companies Extremely careful with the intellectual property of our customers Ability to handle complex chemistries and complex chemicals due to our process technology, process improvement and product development capabilities. World-class research and development capability combined with a broad range of chemical technologies at production scale Highly qualified engineers and chemists Benefit and advantage of having facilities with land available for future expansion Proactive investment in ‘best in class’ hardware - production blocks, lab and pilot capabilities, process safety labs The Sanmar Advantage Part of speciality chemicals division of Chemplast Sanmar; growing rapidly on the back of 15 years of long-standing client relationships • Quality manufacturing at Berigai facility in a safe and sus tainable manner • Custom manufactures starting materials, advanced interm ediates and active ingredients for global innovator companies – ‘One Product to One Customer’ strategy • Wide range of chemistry capabilities such as cyanation, hy drogenation, liquid purification etc. • In-house process research, process engineering and large -scale manufacturing capabilities, making it a one-stop shop manufacturing of newly discovered molecules Capacity (in mt) Key growth drivers • India’s share in the global outsourced Agro CMC market increasing at a faster pace of 10%- 12% • Increasing EU regulatory constraints • ‘China +1’ strategy - India to be a focus region as companies move away from China for custom manufacturing • Higher penetration of API manufacturing in India 1068 5410 2000 1432 910 Existing Phase 1 Phase 2 Phase 3 Steady state Commissioned (Sep ’23) Commissioned (Dec ’24) Project initiated
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Part of Value-added chemicals division of Chemplast Sanmar; These complete the integration story of the company 3. Caustic Soda | Hydrogen Peroxide | Chloromethanes | Ref. Gas 15 Caustic soda Hydrogen Peroxide Chloromethanes Refrigerant Gas Capacity 119,000 mtpa Capacity 34,000 mtpa Capacity 35,000 mtpa Capacity 1,700 mtpa • Generated as a joint product in the process of manufactu re of chlorine • Sold at 48-50% concentration to customers • Part of downstream integration as a value-added prod uct • Plant is designed for a capacity of 34,000 tons per yea r of 50 percent concentration. Production process adopted is environment- friendly • Primarily used as a cooling agent in air-conditioning systems. CSL uses chloromethanes captively to manufacture R-22 • Refers to a group of products namely, Methyl Chloride, Methylene Dichloride, Chloroform and Carbon Tetra Chloride • Part of downstream integration as a value-added prod uct Fully integrated operations resulting in sufficient control over feedstock Entire chlorine consumed in-house; no disposal issues Diversified product portfolio and customer base The Sanmar Advantage
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4. Suspension PVC 16 Strong customer relationships with a diversified dealer/ customer network Leadership position in South India Shore-based facility for seamless and safe import of feedstock Asset-light model with sufficient infrastructure for future expansions The Sanmar Advantage Largest manufacturer of S-PVC (1) in South India and second largest in India • Manufactured at Cuddalore facility since 2009; 331 ktpa capacity • This facility has a captive import terminal facili tating VCM imports for PVC production • One-step non-integrated manufacturing process Key growth drivers • Significant gap between demand and supply: Despite new capacity addition announcements, India will continue to be a huge deficit market • Import substitution opportunity: ~ 60% of Indian demand served through imports • Growing demand in end-user industry driven by low per capita consumption 1. Through its wholly owned subsidiary, Chemplast Cu ddalore Vinyls Limited (‘CCVL’)
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Key Strengths
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Key Strengths Chemplast Sanmar Limited ‣ Over five decades track record ‣ State-of-the-art manufacturing units at strategic locations ‣ Significant expansion projects – Speciality chemicals ‣ High growth industry ‣ Strong focus on sustainability ‣ Committed leadership team with eminent board 18
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1. Over five decades track record 1962 1988 2003 2009 2019 2022 2024 Incorporation of erstwhile Chemicals and Plastics India Ltd. Amalgamation of MCIC with erstwhile Chemicals and Plastics India Ltd. Acquisition of caustic soda facility at Karaikal from Kothari Petrochemicals Greenfield S-PVC facility commissioned at Cuddalore Commissioning of Hydrogen Peroxide plant at Mettur Demerger of S-PVC Undertaking of the Company at Cuddalore Amalgamation of Sanmar Speciality Chemicals Ltd.with our Company S-PVC capacity enhanced to 331,000 tpa by way of debottlenecking Commissioned new Paste PVC capacity of 41,000 tpa at Cuddalore Commissioned Phase 2 of Custom Manufacturing Chemicals Division’s new multi-purpose block 19 Commencement of manufacturing of PVC resins at Mettur facility Expansion of production capacity of PVC resins to 60,000 tpa Marine terminal facility and EDC Plant commissioned at Karaikal Capacity expansion: Paste PVC to 66,000 tpa at Mettur S-PVC to 300,000 tpa at Cuddalore CCVL became a wholly owned subsidiary of our Company; Listing on Indian stock exchanges, post IPO Commissioned Phase 1 of Custom Manufacturing Chemicals Division’s new multi-purpose block 1967 1997 2007 2013 2021 2023
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• The site consist of 4 plants with high degree of integration • Zero liquid discharge facility • Sourcing of power from a captive power plant of 48.5 MW • Access to salt fields at Vedaranyam, a key raw material • Fully equipped, Multi-purpose facility • Fully automated with distributed control systems and modern technologies • Capability to support development work in various chemistrie s at the laboratory scale and pilot scale • Zero liquid discharge plant | Desalination plant • Captive terminal for import of feedstock and sale of product • Two captive power plants of 8.5 MW and 3.5 MW • Double walled insulated cryogenic Ethylene storage tank with 4 kt capacity • Access to salt fields at Vedaranyam, a key raw material • Zero liquid discharge plant • Desalination plant • Captive terminal for import of feedstock • Two refrigerated VCM storage tanks with a capacity of 7,500 mt each Cuddalore, Tamil Nadu 2. State-of-the-art Manufacturing Units… 20 Location 01 Mettur, Tamil Nadu Berigai, Tamil Nadu 02 03 Karaikal, Puducherry 04 • Paste PVC – 66 ktpa • Hydrogen Peroxide – 34 ktpa • Chloromethanes – 35 ktpa • Refrigerant gas – 1.7 ktpa • Custom manufacturing – 4,500 mtpa • EDC – 84 ktpa (Captive purpose) • Suspension PVC - 331 ktpa • Paste PVC – 41 ktpa Combined Caustic Soda capacity of 119 ktpa, manufactured at Mettur and Karaikal
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Karaikal Plant Mettur Plant Salt 400kt (Vedaranyam) Power Plant 12 MW Electrolysis EDC 84 kt Gas Ethylene Chlorine State Grid … with a High Degree of Backward Integration Coal Power Plant 48.5 MW Electrolysis Caustic Soda Methanol Imported EDC Paste PVC 66 kt Chlorine Chloromethanes 35 kt Hydrogen Hydrogen Peroxide 34kt HCl HCl VCM 70 kt Externally Procured By Product Product Sold Quantity of EDC manufactured at Karaikal plant and the EDC imported will depend on the relative pricing vis-à-vis international markets 21 Caustic Soda Ref. Gases Backward Integration Paste PVC CMC division NA Caustic Soda Hydrogen Peroxide Chloromethanes Suspension PVC New Paste PVC (Cuddalore)
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3. Significant expansion projects – Speciality chemi cals 1,068 mtpa Existing 5,410 mtpa Steady state Custom Manufacturing USD 2 Billion Addressable market size* • Commissioned Phase 1 of new multi-purpose production bloc k (‘MPB’) in Sep ‘23 • Commissioned Phase 2 of multi-purpose block (‘MPB’) in Dec ’24 • Project activities for Phase 3 of new MPB and civil & infrast ructure work for the next MPB has been initiated. • Facility being enhanced at Berigai – will leverage on the ex isting infrastructure available at the location • LOIs signed for six molecules and a strong pipeline of other products provides visibility on capacity utilisation • Selected by a global agrochemical innovator to manufactur e a new Active Ingredient (AI) 2,000 mtpa Phase 1 1432 mtpa Phase 2 22 Commissioned (Sep ’23) * Management Estimates Commissioned (Dec’24) 910 mtpa Phase 3 Project initiated
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4. High Growth Industry… 23 Speciality Paste PVC Suspension PVC Custom Manufactured Chemicals Products Key Highlights End user Addressable Market Size* Chemplast Sanmar Position • India heavily import dependent • Enough headroom to grow – no capacity expansions announced – technology is a barrier • Customer ‘stickiness’ • India heavily import dependent • Demand growing at a fair clip • New capacities announced are not enough to meet growing demand • India set to outpace global Agro-CMC market - AIs and advanced intermediates • ‘China + 1’ play • High margin business • Predominantly leather cloth followed by mats, gloves etc. • Leather cloth caters to footwear, auto upholstery and other upholstery segments • Predominantly for pipes used for water conveyancing, construction etc. • Other segments like window profiles, furniture are fast growing • Market leader in India – first to seed the product in India – Leadership position strengthened further post the 41 ktpa capacity addition in FY ‘24 • 2 nd largest in India and largest player in South India • Dominant presence in South and East markets • Feedstock tie-up key to expansion • Agri and Pharma innovators • Top priority for capital allocation - will drive growth for CSL going forward • Additional capex of ~ Rs. 160 crore will further enhance the capacity of the new multi-purpose production block • CSL’s track record in customer relationships helping in winning new orders ~180 ktpa ~4.5 million mtpa ~USD 2 billion *Management Estimates for FY ‘25 ‘mtpa’ stands for metric tons per annum; ‘ktpa’ stands for kilo tons per annum
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… with CSL’s unique position to capitalize on it Leverage Existing Infra Owns vacant industrial land and other infrastructure for future leg of expansion High Safety & Quality Standards High standards of Environmental, Health and Safety compliance, extended customer validation and approvals process, ongoing process innovation and optimisation, high-quality standards and stringent specifications Ability to Handle Feedstock Significant expertise is available within the Chemplast ecosystem in processing and handling complex chemicals such as Chlorine, Ethylene dichloride, Fluorine, Peroxides, Chlorosilanes and Sodium Cyanide Technology not available on License Paste PVC manufacturing technology is closely guarded and is not readily available on license Long term relationships with feedstock suppliers & customers Complex Chemistry Well-renowned in the industry for our chemistry strengths & ability to handle complex chemicals 01 03 05 06 02 04 24
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5. Strong Focus on Sustainability… 25 • Zero liquid discharge policy • Desalination plants at coastal facilities - avoid usage of groundwater • Rain water harvesting & ground water recharging capacities at Mettur facility Environment Friendly Practices Health & Safety Measures • Transport safety - Installation of speed control & safety systems in trucks • Process safety – PSM, BBS • Personnel safety – PPE • Harmonious relationship with neighboring communities • Receive enquiries from potential customers focused on sustainability • Reduce power and water cost Pioneers in Zero Liquid Discharge • Installed Zero Liquid Discharge (ZLD) facilities at its Mettur plant at an investment of Rs. 27 crore • In Cuddalore and Karaikal, ZLD has been the norm r ight since the inception of the units • In Sep ’09, Chemplast became the first chemical manufacturer to achieve 100% ZLD in all its plants Annual sustainability reports published for over a decade
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… with various awards & recognitions 26 Key Awards Accreditations Sword of Honor British Safety Council 2020, Cuddalore 5-Star Rating British Safety Council Cuddalore, Mettur (All Plants ) Sword of Honor British Safety Council 2021, Mettur Plant 2 ECOVADIS SILVER MEDAL ICC’s Award for Excellence in Management of Environment 2021 Star Award from National Safety Council FICCI Sustainability Award Excellence in Safety (Petrochemicals) 2017 Sustainability CSR Safety Safety FICCI Safety system Excellence Award 2019 Safety One of the two winners of the ‘Sustainability Award for Carbon Reduction’ presented by Syngenta, a global innovator and a key customer of the Custom Manufactured Chemicals Division Sword of Honor British Safety Council 2023, Plant 1 & 4, Mettur & Karaikal
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Sumit Maheshwari Non-Executive & Non-Independent Director 6. Committed Leadership Team With Eminent Board 27 Aditya Jain Independent Director Dr. Lakshmi Vijayakumar Independent Director Sanjay Bhandarkar Independent Director Prasad Menon Independent Director Vijay Sankar Chairman & Non Executive Director Ramkumar Shankar Managing Director Dr. Krishna Kumar Rangachari Managing Director - Custom Manufactured Chemicals Division N Muralidharan Chief Financial Officer M Raman Company Secretary & Compliance Officer N Krishnamoorthy Deputy Managing Director - Commercial M N Bhaskaran Executive Director – Head of Operations Distinguished Board of Directors Experienced Management Team Vikram Hosangady Non-Executive & Non-Independent Director Mukund Iyer Deputy Managing Director M Shanmugananth Deputy Managing Director
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Historical Financials
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Historical Segmental Highlights 29 “mt “stands for metric tons # - Includes Caustic Soda, Chloromethanes, Hydrogen Peroxide & Others Rs. Cr Speciality Chemicals Value-added Chemicals# Suspension PVC Total mt Revenue Break-up Sales Volume 749 913 1,272 1,086 966 FY '20 FY '21 FY '22 FY '23 FY '24 511 376 740 863 517 FY '20 FY '21 FY '22 FY '23 FY '24 1,863 2,510 3,880 2,992 2,440 FY '20 FY '21 FY '22 FY '23 FY '24 1,19,863 1,05,060 1,46,652 1,57,572 1,41,663 FY '20 FY '21 FY '22 FY '23 FY '24 4,55,902 4,41,587 5,11,761 5,52,219 5,38,545 FY '20 FY '21 FY '22 FY '23 FY '24 64,739 63,231 65,841 69,640 71,241 FY '20 FY '21 FY '22 FY '23 FY '24 2,71,300 2,73,296 2,99,268 3,25,007 3,25,641 FY '20 FY '21 FY '22 FY '23 FY '24 3,123 3,799 5,892 4,941 3,923 FY '20 FY '21 FY '22 FY '23 FY '24
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Performance Trend Revenue EBITDA PAT Net Debt All computations are on consolidated basis Historical numbers are restated post CCVL acquisition in FY ‘21 # Excludes positive impact on account of inventory write down of Rs.107 Cr made in FY ’20 ++ Excludes post tax impact of gains/ (loss) from JV & Associates: Rs. 48 Cr loss in FY ’20; Rs. 100 Cr gain in FY ’21; These investments have been delinked in FY ’21. 13% 22% 20% Rs. Cr Margin 9% 30 3,123 3,799 5,892 4,941 3,923 FY '20 FY '21 FY '22 FY '23 FY '24 400 855 # 1,197 468 26 FY '20 FY '21 FY '22 FY '23 FY '24 1% 8% 11% 3% -47 310 ++ 649 152 -158 FY '20 FY '21 FY '22 FY '23 FY '24 -4% 2,060 1459 -362 -184 741 FY '20 FY '21 FY '22 FY '23 FY '24 -2%
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Chemplast Sanmar Ltd. CIN- L24230TN1985PLC011637 Harish Sridhar - Investor Relations grd@sanmargoup.com www.chemplastsanmar.com Chemplast Sanmar Ltd. CIN- L24230TN1985PLC011637 Harish Sridhar - Investor Relations grd@sanmargoup.com www.chemplastsanmar.com Company Company Strategic Growth Advisors Pvt. Ltd. CIN - U74140MH2010PTC204285 Shikha Puri / Shrikant Sangani shikha.puri@sgapl.net/ shrikant.sangani@sgapl.net +91 9819282743 / +91 9619595686 www.sgapl.net Strategic Growth Advisors Pvt. Ltd. CIN - U74140MH2010PTC204285 Shikha Puri / Shrikant Sangani shikha.puri@sgapl.net/ shrikant.sangani@sgapl.net +91 9819282743 / +91 9619595686 www.sgapl.net Investor relations advisor Investor relations advisor Thank You!