Professional Documents
Culture Documents
OOI
03'd
lune 2016
The Secretary
The Calcutta Stock Exchange Ltd.
7 Lyons Range
Kolkata-700 001
The Managr
The Manager
BSE Limited
Bandra (E)
Mumbai
F
400 001
Mumbai
400 051
Email: cm
list(@ nse.co.
in
Dear Sir/Madam,
Re: lnvestor Presentation for the quarter and vear ended 31"t March, 2015
Pursuant to the provision of the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015, please find herewith a copy of the lnvestor Presentation for the
Quarter and Year ended 31't March, 201-6.
Than king you,
Yours Faithfully,
ORIENTAL CARBON
CAI.S LTD.
Pre
Company Secretary &
Senior Manager-Legal
Encl: As above.
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:|g] :s aI 1,
TNSoLUBLE suLpHuR orvrsroN , pror
r. DHAcuHail iiiDuairi,ii
lNsoLuaLE
SULPHU R
orvlsloN
: SURVEY
No
141, PAIKI
ESTATE.
Ro. DHABUHEFA,
Safe Harbor
This presentation and the accompanying slides (the Presentation), which have been prepared by Oriental Carbon & 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 securities, and shall not form the basis or be relied on in connection with any
contract or binding commitment what so ever. No offering of securities of the Company 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 information and data which the Company considers reliable, but
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.
Certain matters discussed in this Presentation may contain statements regarding the Companys market opportunity and business
prospects that are individually and collectively forward-looking statements. Such forward-looking statements are not guarantees
of future performance and are subject to known and unknown risks, uncertainties and assumptions that are difficult to predict.
These risks and uncertainties include, but are not limited to, the performance of the Indian economy and of the economies of
various international markets, the performance of the industry in India and world-wide, competition, the companys ability to
successfully implement its strategy, the Companys future levels of growth and expansion, technological implementation, changes
and advancements, changes in revenue, income or cash flows, the Companys market preferences and its exposure to market
risks, as well as other risks. The Companys actual results, levels of activity, performance or achievements could differ materially
and adversely from results expressed in or implied by this Presentation. The Company assumes no obligation to update any
forward-looking information contained in this Presentation. Any forward-looking statements and projections made by third parties
included in this Presentation are not adopted by the Company and the Company is not responsible for such third party statements
and projections.
+4.1%
-2.8%
+13.7%
283
275
198
206
FY15
FY16
FY15
FY16
71
FY15
81
FY16
+0.1%
+3.3%
71
71
51
53
FY15
FY16
FY15
FY16
3
Financial Performance
3.3%
23.0%
0.1%
12.4%
EBITDA
+491
bps
+429
bps
+322
bps
EBIT*
Margin Improved from 20.6% in FY15 to 23.8% in FY16
+361
bps
PAT*
Margin Improved from 13.6% in FY15 to 17.2% in FY16
About The
Company
01
REVENUE
INCREASE
10 Years CAGR
7.5x
21 %
CUSTOMER
BASE
EBITDA
+40
10 Years CAGR
31 %
MARKET
PAT
SHARE
10 Years CAGR
10 %
41 %
7
2005
2015-16
Dharuhera Plant
Insoluble sulphur
operations started with
capacity of 3,000 MTPA
2008
Dharuhera + Mundra
Insoluble Sulphur: 23,000 MTPA
Sulphuric Acid: 46,000
Expansion of 11,000MTPA at Mundra
in 2 Phases is underway
1994
Debottlenecking: Capacity Increase
Debottlenecking: Capacity
increased to 12,000 MTPA
2011-2012
Mundra Plant Phase I & II
1978
Dharuhera Plant
Incorporated as Dharuhera Chemicals
Ltd to manufacture Sulphuric Acid of
30,000 MTPA
Management Team
Mr. Arvind Goenka: Promoter & Managing Director
Manufacturing Facilities
Product name
Location
No. Of Lines
Insoluble Sulphur
12,000
Dharuhera (Haryana)
Insoluble Sulphur
11,000
46,000
Dharuhera (Haryana)
1
10
Business
Overview
02
11
Product Profile
Insoluble Sulphur (IS)
Insoluble Sulphur is sold under the brand DIAMOND SULF
Application : Used as vulcanising agent in application where sulphur loading
levels are required above the sulphur solubility rating of particular elastomers
DIAMOND SULF is offered in various grades to satisfy diverse compounding
requirements majorly for Tire industry
1. High Dispersion Grades
2. High Stability Grades
3. Special Grades
Sulphuric Acid
Manufactures both Commercial Grade and Battery Grade Sulphuric Acid and
Oleums
12
Power Cost
Raw Material
Key Raw Materials :
- Sulphur available
easily due to ample
supply
- Naphthenic Oil is
procured from
domestic as well as
international players
Freight
Presence at the Port
gives Location
Advantage of
reduced Logistic &
Freight Cost
~71 % of the sales
constitutes Exports
Tax Exemption
Fixed Costs
Self-Sufficiency of
steam for Plant at
Dharuhera
Benefits from Lower
Power Cost in SEZ
Gujarat
With increase
production at the
plants Operating
Leverage to play
out
Future Expansion
will result in
reduced Fixed
cost/ Overheads
per MT as R&D
and Utilities will
be shared
SEZ location of
Mundra Plant Income Tax
Exemption
benefit
13
14
North Asia
Russia
North
America
Europe
China
India
Africa
Southeast Asia
South
America
15
Opportunities
03
16
Product Portfolio
An increase in rate of
Radialization in
Commercial Vehicles in
India will lead to an
increase in requirement
of Insoluble Sulphur
Growth
Drivers
Geographical Penetration
North America is the largest
market for Insoluble sulphur
with potential for growth to
increase share
Insoluble sulphur requirement
increasing at a fast pace in
Asia High Growth Market
Capacity Expansion
Capacity expansion at Mundra
In-house technology and
Common Infrastructure
available
Strategic Location to meet
Exports demand
Approval from all Large Global
Tire Companies
17
Higher Performance
Expectation from Tires
03
Radial Revolution
Radialization in Asia
Fast Growing Market
Source: Notch Report
18
+21.8%
2,254
21,499
17,647
1,868
16,745
1,776
1,689
15,858
1,689
15,389
15,334
2011
2012
1,634
12,456
1,397
2005
2011
2012
2013
2014
2015
2020E
2005
2013
2014
2015
2020E
19
7%
Asia
4%
North America
16%
1.34
Europe
1.35
1.35
1.35
2012
2013
2014
1.36
1.37
1.3
56%
South America
17%
2005
2011
2015
2016E
2020E
227
228
236
2011
2012
2013
250
264
277
2015
2016E
178
2005
2014
2020E
20
+47.8%
Existing
34,000
28,500
23,000
5,500
5,500
23,000
5,500
17,500
12,000
5,500
23,000
17,500
28,500
12,000
2011
2012
2013
2015
2017
2018
Customer
Approvals
In house
Technology
Capital
Intensive
22
Financial
Highlights
04
23
Revenue Breakup
Domestic (Rs. Crs)
Exports(Rs. Crs)
112
+13.4%
176
180
163
102
+13.3%
96
93
140
143
FY12
FY13
85
70
95
53
FY10
77
FY11
FY12
FY13
FY14
FY15
FY16
FY10
FY11
FY14
FY15
FY16
24
FY16
FY15
271.29
3.43
274.72
5.69
280.40
69.21
34.03
32.78
57.62
86.76
30.9%
15.65
71.11
25.4%
6.35
64.76
11.78
52.99
18.9%
282.13
0.44
282.57
12.86
295.43
85.07
40.38
27.95
57.89
84.14
28.5%
13.08
71.06
24.1%
8.10
62.96
11.65
51.32
17.4%
Y-o-Y
-2.8%
-5.1%
3.1%
0.1%
2.9%
3.3%
25
Q4FY16
Q4FY15
68.52
0.84
69.37
0.71
70.08
15.88
7.77
9.70
16.95
19.78
28.2%
3.38
16.41
23.4%
1.76
14.64
2.63
12.02
17.1%
75.57
0.06
75.63
5.25
80.87
24.29
8.37
7.16
17.61
23.44
29.0%
3.41
20.03
24.8%
2.09
17.95
2.38
15.57
19.3%
26
Mar-16
Mar-15
Mar-16
Mar-15
Shareholders Fund
286.64
244.18
Non-current assets
285.29
248.4
Share capital
10.31
10.31
222.33
191.7
276.33
233.87
Non-current Investments
14.71
14.7
Non-current liabilities
44.40
66.49
48.26
42.0
21.39
44.09
Current assets
132.03
142.70
21.14
21.12
Current Investments
15.48
26.6
1.87
1.29
Inventories
38.67
37.3
Current liabilities
86.29
80.43
Trade receivables
48.05
51.5
27.74
25.73
10.00
17.7
Trade payables
10.21
15.35
14.60
5.2
48.34
39.35
5.23
4.4
Total Liabilities
417.32
391.10
Total Assets
417.32
391.10
27
FY16
FY15
338.13
113.46
35.51
43.56
63.83
81.77
24.2%
5.68
20.34
67.10
19.8%
8.41
58.69
12.63
46.06
-3.46
49.52
14.6%
346.67
129.86
42.01
39.41
67.21
68.19
19.7%
13.63
16.38
65.43
18.9%
10.35
55.08
9.82
45.27
-3.02
48.29
13.9%
-2.5%
347
338
FY15
FY16
+19.9%
82
68
FY15
FY16
+2.5%
48
50
FY15
FY16
28
Mar-16
Mar-15
Mar-16
Mar-15
Shareholders Fund
283.21
244.22
Non-current assets
295.12
262.40
Share capital
10.31
10.31
246.31
219.12
272.90
233.91
Non-current Investments
0.18
0.18
Minority Interest
11.10
14.57
48.63
43.10
Non-current liabilities
44.94
66.92
Current assets
156.26
176.92
21.39
44.09
21.14
21.12
Current Investments
15.48
26.61
2.42
1.71
Inventories
50.81
53.03
Current liabilities
112.12
113.61
Trade receivables
60.91
67.58
41.08
39.79
10.97
18.25
Trade payables
19.80
29.65
12.79
6.90
51.25
44.17
5.29
4.54
Total Liabilities
451.38
439.31
Total Assets
451.38
439.31
29
85%
70%
40%
40%
FY10
FY11
50%
50%
FY12
FY13
FY14
FY15
Interim Dividend of Rs.3 & Final Dividend of Rs. 5.5 per equity share of FV of Rs. 10
30
http://www.occlindia.com/
www.sgapl.net
31