Plemiel

ACCREDITED

EHplo/lvel MANACtMENT S'I"S1CMS

CEATIFlCATfONOOOV

limit~d
January 25, 2024

To To
The General Manager The Vice President,
Department of Corporate Relations Listing Department
SSE Limited The National Stock Exchange of India
Sir Phiroze Jeejeebhoy Towers, Limited
Dalal Street, Fort, Exchange Plaza, Sandra Kurla Complex,
Mumbai -400 001 Sandra (East), Mumbai 400051

Scrip code: 526247 Scripcode:PREMEXPLN

Dear Sirs,

Sub: Presentation on Third Quarter ended 31st December, 2023 results.

With reference to the captioned subject, we wish to bring to your kind notice that there was a
typographical/clerical error in page no. 8 - "Order Book" relating to "Order Inflow in YTD
FY24 stands at -Rs.6,320 Mn (Excl GST)" in the presentation on the third quarter ended 31st
December, 2023 results. The company is filing the revised presentation with corrected data.

We request you to kindly take the information on record.

Thanking you,

Yours faithfully,

For Premier Explosives Limited

Kalakota Digitally signed
by Kalakota
Jhansi Jhansi Laxmi
Date: 2024.01.25
Laxmi 14:13:33 +05'30'

K. Jhansi Laxmi
Company Secretary
. Encl: ala

Regd. Office: "Premier House", # 11, Ishaq Colony, Near AOC Centre, Secunderabad - 500 015. (T.S) INDIA
Fax: Chairman: 040-66146821 MD : 040-6614 6839 Project: 040-66146841 Marketing: 040-6614 6852
Ph : 040-66146801 to 05, Fax: Purchase: 040-2784 3431, E-mail: .
WWW.pelgel.comCIN:L24110TG1980PLC002633Investors@pelgel.com
P R E M I E R EXPLOSIVES L I M I T E D
FOR A PREMIER POSITION
1

I N V E S T O R P R E S E N T A T I O N | January 2024
Agenda

⨠ Key Highlights – Q3 & 9MFY24

⨠ Company Overview

⨠ Business Segments & Growth Strategy

Safe Harbour

This presentation and the accompanying slides (the “Presentation”), which have been prepared by Premier Explosives 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 contractor binding commitment whatsoever. 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 Company’s market opportunity and business prospects that are individually and
collectively forward-looking statements. Such forward-looking statements are not guaranteeing 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 company’s ability to successfully implement
its strategy, the Company’s future levels of growth and expansion, technological implementation, changes and advancements, changes in revenue, income or cash flows,
the Company’s market preferences and its exposure to market risks, as well as other risks. The Company’s 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.
3
 Financial Highlights – Q3 & 9MFY24

Revenue (Rs Mn) EBITDA (Rs Mn) & Margin (%) PAT (Rs Mn) & Margin (%) Cash Profit (Rs Mn)
460

13%
50 15%

4%
440

11%
50

13%
18 4%

49 17

420

16

11%
15
49
Q3FY24

14

400
13
48

9% 12 30

446
11

2% 47
48

10
380

49 17
7% 9 2%

47

47 32
7

360
47
5% 6

373
5

46

6
4

340
3% 3

46 2

320 0 0% 0
45 1%

Q3FY23 Q3FY24 Q3FY23 Q3FY24 Q3FY23 Q3FY24 Q3FY23 Q3FY24

24%
250 14% 350

12%
500

2,00 0

12% 300
450

200
21%

1,75 0
400

10% 250

350
1,50 0
9MFY24

150
16%

200

12%
8%
300

1,25 0

215 300
250

1,849 434
1,00 0 150
6%

100
11%

200

750

1,497 150 3% 4% 100

117
500

177
50
6%
100

2% 50

44
250
50

0 0% 0
- 0 1%

9MFY23 9MFY24 9MFY23 9MFY24 9MFY23 9MFY24 9MFY23 9MFY24

4
Revenue Break up – Q3 & 9MFY24

Standalone (Rs. Mn) Q3FY24* Q3FY23 Q2FY24

Explosives 215.8 344.8 243.4

Defence & Space services 229.8 28.1 540.8

Total 445.6 372.9 784.2

Standalone (Rs. Mn) 9MFY24 9MFY23 Y-o-Y (%)

Explosives 708.9 802.3 -12%

Defence & Space services 1,140.4 694.7 64%

Total 1,849.3 1,497.0 24%

* Defence & Space segment revenue impacted Q-o-Q mainly on account of delayed billings for Israeli orders, led by the ongoing geopolitical
crisis in the country; Explosives segment revenue remained largely in-line
5
Profit & Loss Statement

Standalone (Rs. Mn) Q3FY24 Q3FY23 Y-o-Y (%) Q2FY24 Q-o-Q (%) 9MFY24 9MFY23 Y-o-Y (%)

Revenue from Operations 445.6 373.0 19% 784.2 -43% 1,849.3 1,497.1 24%

Expenses 396.7 326.0 565.5 1,415.1 1,320.0

Operating profit 48.9 46.9 4% 218.7 -78% 434.2 177.1 145%

Operating Margins (%) 11.0% 12.6% - 27.9% - 23.5% 11.8% 1,165 bps

Other income 28.8 7.8 4.1 35.9 20.3

Depreciation 30.6 25.8 27.9 85.5 73.5

Interest 23.3 22.2 33.3 85.4 63.9

Profit Before Tax 23.8 6.8 250% 161.6 -85% 299.2 59.9 399%

Tax 7.1 1.1 45.5 84.2 16.4

Profit After Tax 16.7 5.8 188% 116.1 -86% 214.9 43.5 394%

EPS 1.6 0.5 10.8 18.4 4.1

6
Balance Sheet Highlights

Standalone (Rs. Mn) Sep’23 Mar’23

Equity Share Capital 107.5 107.5

Other Equity 2,019.3 1,843.0

Non-current liabilities 339.9 178.2

Current liabilities 1,964.7 1,461.2

Total liabilities 4,431.4 3,589.9

Net Fixed Asset Block 1,914.5 1,815.5

CWIP 11.8 18.1

Other non-current Assets 193.3 183.2

Current assets 2,311.8 1,573.1

Total assets 4,431.4 3,589.9

7
Strong Order Book of Rs. 10,266 Mn, ~5.1x of FY23 Revenue

Order Book (Rs. Mn)… …Segmental split …Geographical spilt

10,266 2%
11% 12%

4,838 5,209
4,287
3,890

87% 88%

Mar'20 Mar'21 Mar'22 Mar'23 Current Order

Services Explosives Defence Domestic Export
Book

• Order Inflow in YTD FY24 stands at ~Rs 6,320 Mn (Excl GST). These include orders from BDL, L&T and MoD (IAF), Elbit, IAI to be executed
over the next 9-18 months. Working towards securing more orders in Defense and Explosive Segments.

• The only qualified Indian company for countermeasures also specializes in the export of fully assembled rocket motors.

8
Company Overview
Pioneer in Explosives & Defence Sector…

A leading manufacturer of High Energy Materials

• 1st in India to manufacture Explosives and Detonating fuse with indigenous
technology

• 1st in the world to produce Safer and Greener NHN detonators on commercial scale

• 1st Private Company to manufacture Solid Propellants to India’s missile programs

Serving Defence & Space and Mining & Infrastructure Industries

• Participation in Defence and Space programs with Indigenous technology & Technology
Transfer

• Owns Licenses for manufacturing & development products provides High Entry barrier

Highly trained manpower in handling high energy chemicals

• Team Strength of over 800 trained people across various function

State-of-the-art manufacturing facilities

• Seven Manufacturing facilities in Telangana, Madhya Pradesh, Maharashtra & Tamil Nadu
10
Grew under leadership of Industry Veteran..

Dr. A. N. Gupta
Non-Executive Chairman

• Recipient of ‘Udyog Rattan Award’ & ‘Pickering and ISM Medal’

• Member of Society of Explosives Engineers, U.S.A, Ex-Chairman of Explosives
Development Council and Fellow of High Energy Materials Society of India (HEMSI)
• Written a number of Technical papers in national & international Seminars and
Journals
Supported by skilled
T V Chowdary
workforce
Managing Director
• Over 850 Dedicated and
• A Chemical Engineer with over 35 years of experience in production of Chemicals,
Explosives and Solid Propellants. Experienced Employees.

• Having project execution as his forte, he is excellent in HR Management and is a • Team comprises of about
steadfast trouble-shooter. 100 Engineers / Scientists.
• Development of solid propellant products for export markets
• About 550 people trained
Y. Durga Prasad Rao in Propellant and
Director Operations Pyrotechnic products.

• A mechanical engineer having 34 years experience in manufacture of

explosives, propellants, refractories and factory management 11
with impetus on Research & Development…

Collaboration with Gulbarga University, IIT Madras and

BITS Pilani for research in high energy materials

World’s 1st producer of NHN based detonators

on commercial scale much safer and greener than
traditional ASA.
o Licensed the technology to a US company

Developed Solid Propellants for various missiles

including a combustion-stable Propellants for
LRSAM, MRSAM,ASTRA etc

Laboratories have been certified by DSIR and accredited by NABL

…thrives to remain at the forefront of technology and product development

12
& high focus on Safety at Manufacturing facilities

Bulk Explosives
• Singrauli (Madhya Pradesh)
• Chandrapur (Maharashtra)
• Godavarikhani (Telangana)
• Manuguru (Telangana)
• Neyveli (Tamil Nadu)

Accessories & Defence Explosives

• Peddakandukur (Telangana)
Detonator, Detonating fuse,
Packaged Explosives,
Pyrodevices
Solid Proellants

• Katepally (Telangana)
Solid propellants
HMX/RDX
Ammunition
Mines
Warheads
Bombs 13
Greenfield expansion at Katepally

• Katepally Solid Propellant Plant

o Obtained License from Chief Controller of Explosives, Nagpur for production of solid
propellant at the facility

o Facility will enable Company to manufacture Solid Propellant of larger size for ISRO &
DRDO.

• Received order for production of PSOM-XL (Solid Propellant) for small satellite launch
vehicles from Vikram Sarabhai Space Center (VSSC)

o Second PSOM –XL was delivered on 30.06.2021

o Third PSOM – XL order was received on 30.11.2022

o Received orders for PSOM – XL motors on 09.06.2023 from Larsen & Toubro Ltd

• RDX & HMX Plant

o Is commissioned and started meeting the in-house requirement and domestic market.

o Securing the orders for overseas markets.

14
Serving the critical needs of Industry

Commercial Explosives

• Manufactures diverse range of commercial explosives for Mining & Infrastructure Industries

• Product range includes Bulk Explosives, Cartridge Explosives, Cast Booster, Detonators,
Detonating Fuse, etc

Defence & Aerospace

• Manufacture of solid propellants for tactical missiles (Astra, Akash and LRSAM / MRSAM)
strategic missiles (Agni) , Veda Etc.

• Entered in Indian Space programme as approved supplier of PSOM-XL Motor for use in Polar
Satellite Launch Vehicle(PSLV) to ISRO

• Only domestic manufacturer supplying countermeasures like Chaffs and Flares to Indian
defence

• Undertaking Operation & Maintenance services for solid propellant plants of ISRO at SHAR,
Sriharikota and DRDO at ASL, Jagdalpur
15
Business Segments
Stable business of Commercial Explosives…

Manufacturing Explosives Products …. …for Clients in Mining & Infrastructure Industries

Bulk Explosives Cast Boosters

Cement
Manufacturers
Detonators Detonating Fuse

Export to Countries

Israel, Greece, Jordan, Turkey, Nepal, Thailand,

Philippines, Indonesia, Djibouti etc.
17
Building Defence & Aerospace segment…

Manufacturing Products across segments ….

Propellants Pyros Explosives Counter-measures

Pyrogen igniters Pyro cartridges CL – 20 Chaffs
Case-bonded propellants Pyro actuators HNS – IV Flares
Free standing grains Smoke / flash generators HMX / RDX and their components

Fuel rich, Grains IR generators Bombs, Warheads ammunition

Gas generators Specialized squibs Mines

Strap-on motors for PSLV.

…for various Defence & Space PSUs

First Private Manufacturer and Supplier of Solid Propellants in India 18

with focus on enhancing Technological Capabilities…

Unmatched Technological know-how and Research Capabilities…. …. and Industrial Licences from DIPP

In-house development Production under ToT Defence Industrial Licenses

• Pyrogen Igniters for Strategic missiles • Akash booster / sustainer grains • In Defence, received Industrial Licenses
• ARM motors from DIPP for the following
• Non-Aluminised Propellant for Astra
• Pyrogen igniters for ANSP • Few of the key licenses are:
• LRSAM composition without Combustion
• Daisy II motor for Agni 1. Rockets and Missiles
Instability
• Pinaka rockets – Mark I and II 2. Bombs & Mines for Defence
• Sledge Rocket Motors
• Astra motor 3. Ammunition.
• IR flares
• Chaff
• Air Target Imitator • IR flares
• Propellant for NGARM & QRSAM Motors

Preferred supplier to Defense : Sector with High-Entry Barriers

Continuous efforts towards strengthening the Intellectual Property (IP) for manufacturing of High-Energy material
19
Enhancing product offering…

for Indian Air Force

On-going Under Development

Chaffs & Flares 70 mm rockets

Air Target Imitators (for Air Defence & Air-Glide bombs

Indian Army Re-graining of existing missiles

Indigenization of power cartridges

Canopy severance system

for Missile Programme

Expanding product portfolio

Solid Propellant Ammonium Perchlorate

Rocket motor hardware HTPB & CL20

Thermal insulations & Hot integration

Pyrogen igniters

War-heads
20
Contributing to India’s Prestigious Missile Programs

Missile Type Stage Client End user PEL’s contribution

Supplied 2000+ booster

Tactical, Bharat Dynamics Indian Air Force and
Akash Production grains and 450+ sustainer
Surface to Air Limited (BDL) Indian Army
grains

Tactical, Production from 100% requirements of solid

MRSAM DRDO / BDL Indian Army
Surface to Air 2019 propellants

Advanced Systems Strategic Forces

Agni Ballistic Production Pyrogen igniter
Laboratory Command

Cruise, Air launched Indian Air Force, Indian Transfer of technology is

Brahmos Production HEMRL
Anti-ship, Land attack Navy and Indian Army under induction

Tactical, 100% requirements of solid

LRSAM Production DRDO Indian Navy
Surface to Air propellants

Tactical, 100% requirements of solid

Astra Production DRDO Indian Air Force
Air to Air propellants

21
Increasing participation in India’s Space Program

Operations & Maintenance Under GOCO

• Operating and Maintaining Solid Propellant plant of ISRO at SHAR under GOCO
Contract for 10 years in Jan’2019

• Operating and maintaining the solid propellant plant of Advance Systems Laboratory
(ASL) at Solid Fuel Complex, Jagdalpur

• Provides exposure to advanced processes in manufacture of solid propellants

PSOM-XL for ISRO

• Trial order successfully tested in January 2018

• Successfully completed & delivered an order received from Vikram Sarabhai Space
Centre (VSSC) for production of PSOM-XL (solid propallent) for the Satellite Launch
Vechile (SLV)

• The order was executed at Katepalley Plant

22
Defence : Opportunity landscape

Government enhances focus on “Make In India” in Defence Well positioned to enhance participation

• Defence Ministry puts ‘101+ Defence items’ under import embargo under • Pioneer in manufacturing and supply solid propellants to
‘Atmanirbhar Bharat Programme’ India’s prestigious missile programs

• Defence Ministry estimates that contracts worth almost ‘Rs. 4 lakh crore’ to • Possesses various Industrial license for production
be given to domestic industry in the next 5-7 years.
• Member of Missile Technologies Control Group (MTCR),
• ‘Defence Procurement Policy 2016’ linking to ‘Make in India’ Initiative to India provided access Advanced Technologies
increase Self Reliance’ in Defence Products
• Tying-up with OEMs- in advance stage of negotiations
• Offset Opportunities
• To Meet the Defence Offset Obligations
• ‘Open General Export License’ scheme to be launched by Government of
India to boost export of Defence Products in Long Term • Forming Partnership to Manufacture in India

• In last 3 years, Exports have grown by 7 times to Rs 10,745 crores • Manufacturing facilities capable of handling higher
volume and new product requirements
• National Advanced Surface to Air Missile System II (NASAMS II)- India in
the process of acquiring NASAMS II from US • Greenfield project at Katepally (near Hyderabad)
in about 150 acres. Another 100 acres of land
• ‘Strategic Partnership’ policy would rope in large private corporates into available for further expansion
Defence Production who in turn will create overall Defence ecology including
MSMEs
23
Building Company with Vision - 2025

Continue the Develop low cost Develop capacity for Meet the full Enter export market
leadership in High processes and missile integration requirements of for defence products
Energy Materials for techniques for ISRO’s strap-on and high energy
defence and space production of motors components
industrial explosives
24
Awards & Appreciations

Year Award Awarded By

2019 SME - Empowering India Awards 2019 in the Defense & Aerospace (Mid - Corporate) Hon'ble Union Minister of Steel

2016 HEMSI Honorary Fellowship to Dr. A.N.Gupta High Energy Materials Society of India

2015 Outstanding Entrepreneur Award Enterprise Asia

Appreciation for development of Propellant composition for LRSAM without combustion
2014 Director, DRDO
instability
2013 Inc. India Innovative 100 Award for plant-scale manufacture of NHN detonators Inc. India
Appreciation for development of Propellant Casting of Motors and Igniters for First and
2011 Director, Advanced Systems Laboratory
Second Stages of Agni-4
2010 Appreciation for development of Pyrogen Igniters for Agni A4 ASL
2008 Appreciation for development of Pyrogen Igniters for Agni A3 ASL
Defence Technology Absorption Award-2007, received from Dr. Manmohan Singh, Prime
2007 DRDO
Minister of India
2007 Best R&D Effort Award AIMO
2005 Best Technology Development Award for R&D achievements FAPCCI
2004 - 07 Best Greenery Development Award AP Pollution Council
25
 Contact Us
PREMIER EXPLOSIVES LIMITED

Mr. Srihari Pakalapati (CFO) Ms. Pooja Sharma/ Mr. Vishal Mehta
cfo@pelgel.com pooja.sharma@stellar-ir.com /vishal@stellar-ir.com
‘Premier House’, 11 Ishaq Colony, Near AOC Center, Secunderabad 500 015 A- 405, Kanakia Wall Street, Andheri (East), Mumbai 400 093
CIN No: L24110TG1980PLC002633