Slide 1: Stock exchange cover letter: Presentation on Financial Results
January 20, 2023 Ref. No.: AIL/SE/96/2022-23 To, BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, Dalal Street, Fort, Bandra Kurla Complex, Bandra (E), Mumbai-400001, MH. Mumbai-400051, MH. Scrip Code: 543534 Symbol: AETHER Dear Madam / Sir, Subject: Pr
Slide 2: Q3 / FY23 Presentation
Q3 / FY23 Presentation January 20, 2023 AETHER.NS 543534
Slide 3: Why Aether?
Why Aether? The True R&D Driven Growth 1st Time In Story Approach Engines India [8 x 8] Matrix of chemistry / Deep rooted R&D-led product Successfully launched 3 Most of our advanced technology competencies development team comprising business models in 5 years intermediates and specialty developed
Slide 4: Highlights
New Products New product (one) launched under Large Scale Manufacturing business model having end application in pharmaceutical industry. New Customers We have started business with 10 new customers during the quarter across all business models. Highlights 40 under 40 Dr. Aman Desai has been awarded
Slide 5: Quarter Snapshot (INR MM)
Quarter Snapshot (INR MM) 1,705 Total Revenue “The current decade and beyond is a Golden Era for the Indian Chemical Industry”, Dr. Aman Desai (Promoter / Whole Time Director at Aether) I reiterate his thoughts in the business of Aether, where we are seeing that the demand for our 507 products, whic
Slide 6: Snapshot (INR MM)
Snapshot (INR MM) Y-o-Y Q-o-Q Y-o-Y is comparison of Q2FY23 with Q2FY22 Q-o-Q is comparison with previous quarter Q2FY23 and Q1FY23 11% 16% 1,705 1,705 1,537 1,466 22% 17% 38% 29% 433 507 507 416 350 350 254 272 • Revenue • EBITDA • PAT Q3FY23 Q3FY22 Q3FY23 Q3FY22 Q3FY23 Q3FY22 Q3FY23 Q2FY23 Q3FY23
Slide 7: Snapshot (INR MM)
Snapshot (INR MM) 9M-o-9M 9M-o-9M is comparison of 9MFY23 with 9MFY22 8% 4,833 4,493 7% 12% 1,426 1,328 929 • Revenue 829 • EBITDA • PAT HFY23 HFY22 HFY23 HFY22 HFY23 HFY22
Slide 8: Business Segments (INR MM)
Business Segments (INR MM) 50% 13% 35% Large Contract Research Contract / Scale and Manufacturing Exclusive Manufacturing Services - CRAMS Manufacturing Advanced intermediates and speciality Contract research, scale-up services, Manufacture under contractual chemicals with application across the tec
Slide 9: Aether Today
Aether Today 35.6% Agro By Application 5.5% Material Science Pharma 5.7% Photography 41.9% 3.4% Coatings 7.9% Others 9M FY23 35.0% Contract 30.0% Export# 50.0% By Business By Region manufacturing Domestic 70.0% Large scale manufacturing 13.0% CRAMS 2.0% Others (#including deemed exports and SEZ Sale
Slide 10: Research and Development (INR MM)
Research and Development (INR MM) R&D has been critical to success and a differentiating factor vis-à-vis competitors Experts at helm of R&D / CRAMS Consistently rising R&D expenditure MARCH-22 DECEMBER-22 8% 7.7% 164 207 6.6% Highly qualified employees, Highly qualified employees, 4.3% including in
Slide 11: Expansion - Site 3 Facility
Expansion - Site 3 Facility Installation of Machineries almost completed Located diagonally opposite to the current Manufacturing Facility 2 in GIDC, Sachin, Surat, Gujarat, India January 2023 Additional 3500 MT facility to be operational capacities approximately per annum will be added
Slide 12: IPO Fund Utilisation (INR MM)
IPO Fund Utilisation (INR MM) 1. Capital expenditure is in line with the timeline planned and expect to be complete within mentioned timelines. 2. Working Capital cycle of the company being monitored well for reducing it upto desired levels 3. Aether is a debt free company as all the term loans are
Slide 13: Financial Results for Q3 of FY23 (INR MM)
Financial Results for Q2 of FY23 (INR MM) Particulars Q3FY23 Q2FY23 Q3FY22 9MFY23 9MFY22 FY22 Unaudited Unaudited Audited Unaudited Audited Audited Revenue from operations 1,671 1,402 1,513 4,673 4,425 5,900 Other income 34 64 24 160 68 70 Total income 1,705 1,466 1,537 4,833 4,493 5,970 Cost of goo
Slide 14: Corporate Information
Corporate Information
Slide 15: Core Competencies 8x8
Core Competencies Chemistry Technology Grignards and Organolithiations Continuous Reaction Ethylene Oxide Chemistry Batch Reaction - Tandem Grignard / Ethylene Oxide High Pressure Reaction Chemistry Technology Isobutylene Chemistry Fixed Bed Reaction Hydrogenation Cryogenic Reaction - Asymmetric Hyd
Slide 16: Phase 1, Phase 2, Phase 3
Phase 1 Phase 2 Phase 3 Concept to Create Create to Build Build to Scale 2013 – 2016 2017 – 2021 2022 onwards • Incorporation of Company • Streamlined manufacturing for 22 products • Site 3 - Construction work almost done, • Vision to create niche in global chemical installation of plant and equipme
Slide 17: Key Pillars
Key Pillars • Bachelor of Chemical Engineering • Bachelor of Chemical Technology - ICT from Institute of Chemical (UDCT, 2005), PhD in Organic Technology (UDCT, 1974) Chemistry from Michigan State • Distinguished Alumni Award by University (USA, 2010) UDCT (2010) • Prior to Aether, project leader in
Slide 18: Experienced Board
Experienced Board Kamalvijay Tulsian Jeevan Lal Nagori Leja Hattiangadi Dr. Amol Kulkarni Chairman, Non-Executive Director Non-Executive Independent Non-Executive Independent Non-Executive Independent Decades of experience in Textile Director Director Director and Chemical Industry Experience 34 yea
Slide 19: SMP and KMP
SMP and KMP • Bachelor’s Science (Purdue Univ. • Diploma Physics and Doctorate of USA) and PhD Organic Chemistry Natural Sciences (PhD), Univ. (Univ. Wisconsin, USA) Hannover (Germany) • > 30 years at The Dow Chemical • Decades of experience in Chemical Company (and subsidiaries) at Industry various
Slide 20: Select Marquee Customer Base – Domestic and Global
Select Marquee Customer Base – Domestic and Global Pharmaceutical Oil and Gas Textiles High performance photography Material Science / Coatings Agrochemical Other Sectors TOSOH FineChem
Slide 21: QEHS
QEHS Quality Environment High standards of quality for products Vibrant infrastructure installed for environment and sustainability efforts To cover To ensure • 100 KLPD in-house zero liquid discharge (ZLD) plant • Triple stage multiple effect evaporator (MEE) Manufacturing Consistent Quality • Mech
Slide 22: QEHS
QEHS Health and Safety Prioritises health and safety of employees • Undertaking hazard and operability studies before commencing commercial production of new products ISO 9001 INDIAN GMP For Quality for Manufacturing • Dedicated team of safety personnel • Mobile application for safety and emergencie
Slide 23: Environmental Social Governance
Environmental Social Governance Environmental Social Governance • Adoption of the green chemistries or • Focused on: • Technically sound and extensively more accurately sustainable chemistry - Education ( especially for girls ) experienced Board members since inception. - Skill development • Transpa
Slide 24: Forward-looking statements disclaimer
Certain statements and opinions with respect to the anticipated future performance of the company in the presentation (“forward - looking statements”), which reflect various assumptions concerning the strategies, objectives and anticipated results may or may not prove to be correct. Such forward -lo