Yasho Industries Ltd. · NSE:YASHO
Yasho Industries — Q4 FY2023 Earnings Presentation
31 slides from Yasho Industries's earnings presentation, May 2023
Slide 1: Investor Presentation May 2023
AROMA FOOD RUBBER LUBRICANT SPECIALTY CHEMICALS ANTIOXIDANTS CHEMICALS ADDITIVES CHEMICALS INVESTOR PRESENTATION MAY 2023
Slide 2: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Yasho Industries 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 secu
Slide 3: Q4 & FY23 Results Highlights
Q4 & FY23 Results Highlights
Slide 4: Message from Managing Director's Desk
Message from Managing Director’s Desk We are pleased to report our financial and business performance for Q4 and Q4 FY23 FY23 FY23. Our ability to adapt and respond to market dynamics ensured a significantly improved performance this quarter. We have continued to focus on our core strengths while al
Slide 5: Results Highlights (Q4 & FY23)
Results Highlights (Q4 & FY23) Total Revenue Operating EBITDA & Margin PAT & PAT Margin (Rs. in Crs) -17% 15.2% 18.2% 7.4% 9.9% 186 0.7% 18% 153 28 28 16 13 Q4FY22 Q4FY23 Q4FY22 Q4FY23 Q4FY22 Q4FY23 Total Revenue Operating EBITDA & Margin PAT & PAT Margin 9.6% 16.9% 18.5% 8.6% 9.9% 683 623 +22% 30%
Slide 6: Operational Highlights
Operational Highlights FY22 Category-wise Revenue Breakup FY23 Category-wise Revenue Breakup 20% 26% Industrial Chemicals Consumer Chemicals 74% 80% FY22 Geography-wise Revenue Breakup FY23 Geography-wise Revenue Breakup 12% India 15% 34% USA 36% 23% 22% Europe Row 31% 27% 6
Slide 7: Company Overview
COMPANY OVERVIEW
Slide 8: Business Overview
Business Overview Leading specialty and performance chemicals manufacturer Yasho Industries is a pioneer in specialty and fine chemicals manufacturing, incorporated in 1985 by Mr. Vinod Jhaveri. Equipped with a dedicated research and development centre and state-of the-art manufacturing facilities,
Slide 9: History Timeline
History Timeline 1985 1993 1996 2000 2001 Incorporated as Commenced exclusive Name changed to Started ISO 9001:2008 Vasu Preservatives operations for Aromatic Yasho Industries manufacturing certified for Private Limited and Specialty Chemicals Pvt. Ltd various rubber highquality under Companies and
Slide 10: Board of Directors
Board of Directors MR. VINOD JHAVERI MR. PARAG JHAVERI MR. YAYESH JHAVERI Chairman & Executive Director Managing Director & CEO Whole Time Director & CFO MR. ANURAG SURANA MR. ULLAL BHAT DR. PRAKASH BHATE MRS. SUDHA NAVANDAR Non-Executive Independent Director Non-Executive Independent Director Non-E
Slide 11: Industry Overview
Industry Overview
Slide 12: Rubber Chemicals Industry
Rubber Chemicals Industry 1 The global rubber chemicals market is expected to grow at 4.9% to $5.31 bn by 2025 (Source - Global Market Insights) Others 16% 2 The global rubber chemicals demand is at 1.0-1.1 million tonnes annually and Indian demand is around 70,000-75,000 TPA India 6% 3 China and Ko
Slide 13: Lubricant Additives Industry
Lubricant Additives Industry The global lubricant additives market is expected to grow at a CAGR of 4.63% from 2022 to 2027 and is forecasted to reach $13.2 billion by 2027 from $10 billion in 2021. Type Application Geographical Analysis • A dispersant is the most used • The market is bifurcated int
Slide 14: Diversified Business Model
DIVERSIFIED BUSINESS MODEL
Slide 15: Diversified portfolio of over 148 products
Diversified portfolio of over 148 products Consumer Division Industrial Division Aroma Chemicals Rubber Chemicals ▪ Tyres, Automobile components, Conveyor ▪ Flavours and fragrances; personal care belts, surgical gloves, latex gloves, condoms, products - cosmetics & toiletries balloons 87 ▪ Agro chem
Slide 16: Product Pipeline & Revenue Potential
Product Pipeline & Revenue Potential Industrial Current Revenue Customer Additives Revenue Potential* Lubricant Product A/B Manufacturers N/A 3000 Cr Product C India + EU/USA N/A 2000 Cr Product D Global MNC Players 35 Cr 500 Cr 16
Slide 17: Diverse applications across industries
Diverse applications across industries Cosmetics Feed Additives Flavours and Fragrance Food Fuel & Bio Diesel Industrial Chemicals Ink & Coating Lube & Grease Automobile and Water Treatment Pharmaceuticals & Plastic & Resins Industrial Rubber Sectors Nutraceuticals 17
Slide 18: Diverse geographical presence
Diverse geographical presence 6 Continents 50+ Countries 2 Offices ✓ India ✓ Malaysia ✓ Australia ✓ Mexico ✓ Bangladesh ✓ Morocco ✓ Belgium ✓ Netherlands ✓ Brazil ✓ New Zealand ✓ Canada ✓ Oman ✓ Chile ✓ Paraguay ✓ China ✓ Philippines ✓ Colombia ✓ Puerto Rico ✓ Costa Rica ✓ Saudi Arabia ✓ Czech Repub
Slide 19: Diversity at scale with large customer base
Diversity at scale with large customer base We have clients from diversified industries and we help them to build their worldwide presence Key Takeaways 15+ high value (unicorn) clients Over 30 years, we have created 148 products for a variety of industries. We serve customers from USA, Europe, Asia
Slide 20: Manufacturing Capabilities
Manufacturing Capabilities Capacity Capacity Additions Prowess Manufacturing 1500 MTPA added with Located close to Nhava 5,850 MTPA process change and Sheva Sea Port Efficient Unit - I Logistics plant correction Manufacturing 900 MTPA capacity Multi-purpose plant to 5,450 MTPA Unit - II added throug
Slide 21: Update on Capex
Update on Capex Capacity Expansion 50% of land is still available in Pakhajan Greenfield Project at Pakhajan, Gujarat for expansion Estimated Cost ~ Rs 400 Crores for Phase 1 Target Products Industrial Chemicals, EBITDA Margin > 20% 17,000 Timeline ~Q4FY24 to commence production Estimated Revenue ~
Slide 22: Dahej Plant
Dahej Plant 22
Slide 23: Research & Development
Research & Development Research & Development Quality Control As the cornerstone of our business, R&D is led by our Research & Development & Quality Control is our core promoters with active contribution and guidance strength. YIL continues to invest in R&D and technological upgradation to ensure su
Slide 24: Certifications & Accreditation
Certifications & Accreditation ISO Certification FSSC 22000 Certification FSSAI Certification NSF Certified FAMIQS Certification STAR KOSHER Certification HALAL Certification ecovadis Certified
Slide 25: Entry Barriers & USPs
Entry Barriers & USP’s Economies of Scale Capex Innovative solutions for the future Constantly researching and investing in new generation chemicals to stay ahead of industry trends and meet the evolving needs of our customers Established players in the industry often Setting up and running a chemic
Slide 26: Financial Performance
Financial Performance
Slide 27: Financial Performance
Financial Performance Total Revenue (Rs. Crs.) Gross Profit 277 683 623 239 370 136 300 112 FY20 FY21 FY22 FY23 FY20 FY21 FY22 FY23 EBITDA (Rs. Crs) & EBITDA Margin PBT (Rs. Crs) & PBT Margin PAT (Rs. Crs) & PAT Margin 14.4% 16.4% 16.9% 18.5% 5.7% 8.5% 11.6% 13.5% 4.0% 5.9% 8.5% 9.9% 126 91 68 103 7
Slide 28: Financial Performance
Financial Performance ROE (%) ROCE (%) Net Debt / Equity (x) 30.4 28.5 35.8 2.5 27.2 20.9 26.9 1.8 20.5 1.4 15.4 1.0 FY20 FY21 FY22 FY23 FY20 FY21 FY22 FY23 FY20 FY21 FY22 FY23 Fixed Asset Turnover (x) Working Capital Days Cash Flow from Operations (Rs. Crs.) 4.4 4.3 141 58 122 122 3.1 3.0 91 39 34
Slide 29: Consolidated Income Statement – Q4 & FY23
Consolidated Income Statement – Q4 & FY23 Particulars (Rs. in Crs) Q4 FY23 Q4 FY22 Y-o-Y Q3 FY23 Q-o-Q FY23 FY22 Y-o-Y Revenue from Operations 152 182.5 148.9 671.6 612.7 Other Income 1.5 2.9 3.8 11 10.3 Total Revenue 153.5 185.3 -17.2% 152.6 +0.6% 682.6 623 +9.6% Cost of Material Consumed 106.1 119
Slide 30: Income Statement
Income Statement Particulars (Rs. Crs.) FY20 FY21 FY22 FY23 Revenue From Operations 297.1 359.4 612.7 671.5 Other Income 3.2 10.1 10.3 11 Total Revenue 300.3 369.5 623.0 682.6 Cost of Material Consumed 196.8 222.2 405.6 462.7 Change in Inventories of Finished goods & Work in Progress -8.3 11.5 -21.5
Slide 31: YASHO:IN YASO:NS
Mr. Yayesh Jhaveri Whole Time Director yayesh@yashoindustries.com www.yashoindustries.com CIN – L74110MH1985PLC037900 Investor Relations: Mr. Bhavya Shah bhavya.shah@linkintime.co.in +91 80827 48577 Mr. Nachiket Kale nachiket.kale@linkintime.co.in +91 99209 40808 541167 www.orientcap.com YASHO:IN YA