Praj Industries Limited, Q2 FY 14 Results
Welcome to PRAJ Industries Ltd
Performance Update
Contents
Praj Industries Limited, Q2 FY 14 Results
Quarter Highlights
Market Roundup
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Performance Update
Praj Industries Limited, Q2 FY 14 Results
Performance Update
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Q2-FY13 Q1-FY 14 Q2-FY 14 H1 FY 13 H1 FY 14
Revenue 218.8 173.1 194.2 419 367
EBITDA 13.26 0.48 9.32 32.6 10.5
Performance Update
Financials : Figures in Rs cr
Praj Industries Limited, Q2 FY 14 Results 4
EBITDA 13.26 0.48 9.32 32.6 10.5
PBT 16.6 4.8 7.86 33.91 12.74
PAT 13.4 3.10 6.48 27.07 9.58
Order Intake 308 252.6 172.8 448 425
Note – all figures on consolidated basis, i.e. Praj Industries India, its local execution companies(LECs) and Neela Systems (NSL)
Q2- FY14 Revenue Breakup
Revenue - Rs. 194.2 cr
Performance Update
Ethanol
69%
Brewery
4%
Exports
Praj Industries Limited, Q2 FY 14 Results 5
Note - Emerging businesses include Critical Process Equipment and Systems,
Water and Waste-water Treatment Division and Neela Systems.
69%
Emerging
27%
Exports
54% Domestic
46%
Performance Update
Domestic
Ethanol
67%
Brewery
2%
Q2- FY14 Order Intake
Order Intake – Rs. 172.8 cr
Praj Industries Limited, Q2 FY 14 Results 6
Exports
41%
Domestic
59%
67%
Emerging
31%
Note - Emerging businesses include Critical Process Equipment and Systems,
Water and Waste-water Treatment Division and Neela Systems.
Order backlog at the end of each quarter
Values in Rs cr
Performance Update
820 873 895 898
1010 990
Praj Industries Limited, Q2 FY 14 Results 7
Note – all figures on consolidated basis, i.e. Praj Industries India, its local execution companies and Neela Systems.
Q1 Fy13 Q2 Fy13 Q3 Fy13 Q4 Fy 13 Q1 Fy14 Q2 Fy14
Order Backlog Breakup
1010 Cr 990 Cr
71% 64% 65%
14%14% 13%
15% 22% 22%
Emerging Brewery Ethanol
873 cr
Praj Industries Limited, Q2 FY 14 Results
Exports
45%Domestic
45%Exports
56%
Domestic
44%
Q2 FY 13 Q1 FY 14 Q2 FY 14
Domestic
43% Exports
57%
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Quarter Highlights
Praj Industries Limited, Q2 FY 14 Results 9
Quarter Highlights
Quarter Highlights
Praj signs Cooperation Agreement for Advanced Biofuels R&D Project
Praj Industries signed a Letter of Intent (LOI) with a renowned European company
for an advanced biofuel R&D project in Hungary
The findings will be adopted to build a Demonstration Plant in Hungary
Praj Industries Limited, Q2 FY 14 Results 10
Praj Industries formed a subsidiary, Praj Sur America SRL in Buenos Aires, Argentina
to look after the company’s business interests in the region
Praj acquired the balance stake in its subsidiary Praj Far East Philippines Ltd. Inc. As a
result, it is now a wholly owned subsidiary of the company.
Praj acquired a further stake of 10% in its subsidiary Neela Systems Ltd. for
approximately Rs. 20.4 crore. With this, the company now holds 70% stake in Neela at
an approximate cost of Rs. 96.90 crore. The balance Rs. 41.3 crore for a further 20%
stake in the Company will be paid over the next two years.
Market Roundup
Praj Industries Limited, Q2 FY 14 Results 11
Market Roundup
NORTHNORTH
AMERICAAMERICA EUROPEEUROPE ASIAASIA
North America
The US Environmental
Protection Agency has
proposed a reduction in the
Renewable Fuels Mandate for
2014
18.15 billion gallons →15.21
billion gallons, largely on
account of 2nd Gen ethanol
Europe
EU Parliaments Environment
Committee’s decision on First
Gen cap yet to be finalized
Asia and India
Market Roundup
Praj Industries Limited, Q2 FY 14 Results 12
AMERICAAMERICA
SOUTHSOUTH
AMERICAAMERICA
AFRICAAFRICA
EUROPEEUROPE ASIAASIA
AUSTRALIAAUSTRALIA
Asia and India
India - Oil firms are seeking
1.335 billion litres for
December 2013-November
2014 delivery to meet demand
for the 5% ethanol blending
programme
Indonesia - Removal of fuel
subsidy being discussed.
Ethanol demand likely to pick
up by start of calendar year
2014
Africa
South Africa declares E2
mandate starting Oct, 2015
Zimbabwe moving to E20
Demand for Potable alcohol
grows in Southern & Eastern
Africa
South America
Ecuador - Successful ethanol
blending program ,aims to
produce 800 million litres in
2020
Argentina - Discusses
increasing blending mandate
to 12%
Brazil – Petrol prices may rise
this year
Market Roundup
Pharmaceutical Industry - India
Globally, India ranks 3rd in manufacturing pharmaceuticals
As developed nations battle the rising healthcare costs, global demand of
drugs to be fulfilled by developing nations
Needs to tighten its compliance procedures in the light of increasing global
enforcements
Praj Industries Limited, Q2 FY 14 Results 13
Gujarat, Rajasthan and Karnataka states have notified policies
for the promotion of textile industry
At the Central level, the Cabinet Committee on Economic Affairs (CCEA)
approved the continuation of the Scheme for Integrated Textile Parks in the
12th Five Year Plan, in Oct 2013.
Fertilizer industry in India to see investments in the coming year
Promoter
and
promoter
group
As of 30th September, 2013
Shareholding Pattern
Praj Industries Limited, Q2 FY 14 Results
group
33%
Institutions
14%
Non
institutions
53%
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Thank you..
Praj Industries Limited, Q2 FY 14 Results 15
Disclaimer
Certain statements in this presentation concerning our future growth prospects are forward-looking
statements, which involve a number of risks, and uncertainties that could cause actual results to
differ materially from those in such forward-looking statements.
The risks and uncertainties relating to these statements include, but are not limited to, risks and
uncertainties regarding fluctuations in earnings, our ability to manage growth, intense competition
in our industry of operations including those factors which may affect our cost advantage, wage
increases, our ability to attract and retain highly skilled professionals, cost overruns on
Praj Industries Limited, Q2 FY 14 Results
increases, our ability to attract and retain highly skilled professionals, cost overruns on
contracts, client concentration, our ability to manage our international operations, our ability to
successfully complete and integrate potential acquisitions, liability for damages on our contracts, the
success of the companies in which Praj Industries Ltd. has made strategic investments, withdrawal of
governmental fiscal incentives, political instability, legal restrictions on raising capital or acquiring
companies outside India, and unauthorized use of our intellectual property and general economic
conditions affecting our industry.
Praj Industries Ltd. may, from time to time, make additional written and oral forward-looking
statements, including our reports to shareholders. The company does not undertake to update any
forward-looking statement that may be made from time to time by or on behalf of the company.
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