Pi Industries Limited · NSE:PIIND
Pi Industries — Q2 FY2024 Earnings Presentation
22 slides from Pi Industries's earnings presentation, Nov 1, 2023
Slide 1: PI Industries Ltd. Investor Presentation Q2 FY24 Results
PI Industries Ltd. Investor Presentation Q2 FY24 Results 1
Slide 2: Agenda
AGENDA CDR India • Consolidated Financial Performance Siddharth Rangnekar siddharth@cdr-india.com • CSM Exports Nishid Solanki nishid@cdr-india.com • Domestic Agri Brands Tel: +91 22 6645 1221 /1209 Fax: +91 22 6645 1213 • Pharma Updates PI Industries Limited • Business Model and Strategy Rajnish Sa
Slide 3: Continues to deliver stellar performance despite weak global cues
Continues to deliver stellar performance despite weak global cues… Revenue EBITDA PAT Figures in Rs. Million *Q2FY24 21,169 20% 5,534 28% 4,805 44% *H1FY24 40,273 22% 10,260 30% 8,634 45% Commercialised Integration of Trade working 1st Indian 3 new products in CSM Exports CRO-CDMO-API Cash flow from
Slide 4: Acceleration in Exports driving growth in Q2FY24
Acceleration in Exports driving growth in Q2FY24 CONSOLIDATED Fig in Rs. Million Q2FY23 Q2FY24 % YOY ▪ Overall 20% Y-o-Y revenue growth ▪ 22% growth in Agchem Exports driven by volume growth of ~21% Revenue 17,700 21,169 20% and ~1% from price, currency and favourable product mix. Gross Margin 45% 4
Slide 5: Strong performance in H1FY24 on operating and strategic fronts
Strong performance in H1FY24 on operating and strategic fronts CONSOLIDATED Fig in Rs. Million 6MFY23 6MFY24 % YOY ▪ Overall 22% Y-o-Y revenue growth ▪ 27% growth in Agchem Exports over a high base mainly on account Revenue 33,132 40,273 22% of scale-up of existing products and introduction of 3 new
Slide 6: Strong Balance Sheet and internal accrual generation building war chest for growth investment
Strong Balance Sheet and internal accrual generation building war chest for growth investment CONSOLIDATED Fig in Rs. Million Sep-23 Mar-23 Sep-22 Highlights of 6MFY24 Shareholders Fund 79,820 71,985 66,176 ▪ Total capex for 6MFY24 is Rs. 7,630 million including Pharma1 acquired Non Current Liabilit
Slide 7: PI Health Sciences embarked on a strategic value creation journey
PI Health Sciences embarked on a strategic value creation journey Q2FY24 RSM, KSM Int. Q2FY24 Ind AS Q2FY24 CRO RSM, KSM, API Fig in Rs. Million Proforma Adjustment Reported intermediate Jaipur and Alabama, US Revenue 1,047 (328) 719 Pre filing KSM, Discovery and intermediate, Gross Margin 66% 60% D
Slide 8: State-of-art Manufacturing Assets with continued thrust to adapt sustainable practices
State-of-art Manufacturing Assets with continued thrust to adapt sustainable practices Key Material Issues SDG Alignment Key Highlights 6MFY24 Economic – Contribution to ICT 15 fully automated Multipurpose Plants innovation (MPPs) with Distributed Control system (DCS) spread across 5 locations Econo
Slide 9: World-class R&D set up and technological capabilities enabling future business pipeline
World-class R&D set up and technological capabilities enabling future business pipeline State-of-the-art R&D Labs Specialized department of at Udaipur, Hyderabad, R&D IT experts focusing on Inauguration of the latest addition to our R&D Jaipur, Lodi and Alabama advanced data management facility (Uda
Slide 10: Momentum of new Brand launches in Domestic market to continue
Momentum of new Brand launches in Domestic market to continue.. INSECTICIDE HERBICIDE CLARET® EKETSU™ ▪ Unique combination of ▪ 1st 3-way (mixture of 3 systemic and contact proven chemistries) insecticide with dual Post Emergent Broad action on BPH in Paddy 4 spectrum Rice Innovative Herbicide Brand
Slide 11: Most comprehensive innovative portfolio for all major crops
Most comprehensive innovative portfolio for all major crops HORTICULTURE COTTON SOYBEAN WHEAT CHILLI RICE CORN 11
Slide 12: Farmer remains at the core of our offerings .. Kharif FY24 activities
Farmer remains at the core of our offerings .. Kharif FY24 activities 1.2 MM Farmer & 17 MM Acre Retailer Visits Treated Area Demonstration = 21,119 Field Day = 10,300 TREATED ACREAGE Farmer Meeting = 15,557 DEMAND GENERATION ACTIVITIES INNOVATION IN PROMOTION • Cotton and Rice Crop • Satkaar Campai
Slide 13: Strategic alliance with Koppert to work on a sustainable Agriculture Agenda
Strategic alliance with Koppert to work on a sustainable Agriculture Agenda • Signed a strategic alliance on 11th September 2023 to foster advancements in sustainable agriculture practices and jointly innovate in the domain of Agriculture Biologicals. • Commenting on the occasion Mr. Mayank Singhal,
Slide 14: Outlook remains positive
Outlook remains positive… Domestic: • Monsoon deficit in south and low reservoir levels • Elevated inventory levels in the industry for row crop agchem products and price pressure from generics Focus on portfolio diversification with high • Focused to support farmers with a crop solution approach an
Slide 15: Multipronged strategy to sustain the growth momentum backed by multiple growth engines & aggressive M&A
Multipronged strategy to sustain the growth momentum backed by multiple growth engines & aggressive M&A Market • Expansion Build Explore and exploit • Creation Customer Intimacy untapped chemistry • Segments Product & areas Customer-centric services • Operation excellence approach Deepening our tech
Slide 16: PI's focus on ESG principles is winning accolades
PI’s focus on ESG principles is winning accolades.. ranked among the best ESG rated companies globally Environmental Social and Governance Key Material Issues SDG Alignment Key Highlights 6MFY24 Continued reduction in intensity from • 90% of raw material/ packing material suppliers • PI funded not-f
Slide 17: People first: HR Snapshots
People first: HR Snapshots • Rolled out the "PI Compass" initiative, achieving a 92% completion rate Culture • Initiated the "PI Values Assessment” to reinforce commitment to organizational values Capability • Launched "PARIVARTAN“ training program with 5,000+ hours delivered Development to 380+ par
Slide 18: Our CSR efforts focused on community welfare & environment
Our CSR efforts focused on community welfare & environment CSR policy directed towards inclusive development that creates value for the society, especially around our plant and farmers across the country Improved Agriculture and Inclusive Swasthya Seva Dairy Value Chain Promotion Health & wellness s
Slide 19: Rewards and Recognition
Rewards and Recognition Chairman at CII-NR Almedelan, Sweden MR. MAYANK SINGHAL MR. MAYANK SINGHAL chosen as the Chairman at delivered the keynote CII-NR Regional Committee address at flagship annual on Agriculture Food event ‘Engaging India’ Processing & Dairy for FY23 Golden Peacock National Golde
Slide 20: Lead with science, technology and human ingenuity to create transformative solutions in life sciences
“Lead with science, technology and human ingenuity to create transformative solutions in life sciences” Partner Science & Digital Edge People First ESG Centric Technology Anchored Driven Integrated digital Best opportunities First to identify solutions to gain for employees to ESG the way of & deliv
Slide 21: Business model built on the principles of respect for IP and established relationships
Business model built on the principles of respect for IP and established relationships Leading Agchem Distribution India’s largest CRAMS Company Company in India with Domestic Brand Market with majority revenue from Exports Market leading market share in Patented Products certain crops Leveraging ou
Slide 22: Thank You
Inspired by Science “% ~=Thank You