Nacl Industries Ltd · NSE:NACLIND
Nacl Industries — Q2 FY2023-24 Earnings Presentation
39 slides from Nacl Industries's earnings presentation, Jan 20, 2024
Slide 1: Stock exchange filing cover letter
A NJ\GARJUN;\ NACL NACL Industries Limited Ref: NACL/SE/2023-24 January 20, 2024 1) BSE Limited 2) National Stock Exchange of India Ltd Phiroze Jeejeebhoy Towers Exchange Plaza, 5 th Floor, Plot No.C/ 1 Dalal Street, Fort, G Block, Bandra -Kurla Complex Mumbai - 400001 Bandra (E), Mumbai-400051 Stoc
Slide 2: NACL Industries Limited Investor Presentation Q2 & H1 FY 2023-24
NACL Industries Limited Investor Presentation Q2 & H 1 FY 2023 -24
Slide 3: Forward Looking Statement
Forward Looking Statement This presentation may include statements, which may constitute forward-looking statements. All statements that address expectations or projections about the future, including, but not limited to, statements about the strategy for growth, business development, market positio
Slide 4: Operational Highlights
• -------- .... ' , , \ \ \ \ I OPERATIONAL HIGHLIGHTS ••••• • • • • •• • • • • • •• • • • • ··.•~-~- .. . . . •••••••• • • • • •••••••••• • • •. •••••••••••••••••• • • • • • • •• •• •• •• • • • • ••••••••••••••••••• • • •••••••••••••• • • •••••••••••••••• • • • • •• •• • • • • •• • •• • •• • •• • •
Slide 5: Operational Highlights – Q2 and H1 FY24
Operational Highlights – Q2 and H1 FY24 • During the first half of the fiscal year, exports played a pivotal role, contributing to more than 20% of the overall business. However, the exports sector faced challenges stemming from diminished demand, primarily influenced by two key factors. Firstly, al
Slide 6: Operational Highlights – Q2 and H1 FY24
Operational Highlights – Q2 and H1 FY24 China's heightened production capacity, coupled with a subdued demand for finished products, has created a resistance to escalating prices despite the upward trajectory of input material costs. The market is anticipated to undergo a marginal price increase in
Slide 7: Results Summary
• -------- .... ' , , \ \ \ \ I RESULTS SUMMARY ••••• • • • • •• • • • • • •• • • • • ··.•~-~- .. . . . •••••••• • • • • •••••••••• • • •. •••••••••••••••••• • • • • • • •• •• •• •• • • • • ••••••••••••••••••• • • •••••••••••••• • • •••••••••••••••• • • • • •• •• • • • • •• • •• • •• • •• • •• • ••
Slide 8: Result Summary – Q2FY24
Result Summary – Q2FY24 (In ₹ lakhs) 59,000 58,677 8,000 4,000 5,846 3,001 58,000 6,000 3,000 57,000 56,491 4,000 3,103 2,000 858 56,000 2,000 1,000 55,000 - - Q2FY23 Q2FY24 Q2FY23 Q2FY24 Q2FY23 Q2FY24 Revenue EBITDA PAT Revenue Breakup Insecticides Herbicides Fungicides Plant Growth Regulators 17%
Slide 9: Revenue Split – Q2FY24
Revenue Split – Q2FY24 Q2FY24 Q2FY23 Product Category-wise (%) Product Category-wise (%) Formulation Technical Formulation Technical 11% 2% 9% 4% 29% 28% 23% 25% 42% 50% 50% 56% 12% 16% 27% 16% Insecticides Herbicides Fungicides Plant Growth Regulators, Nematicides & others Insecticides Herbicides F
Slide 10: Result Summary – H1FY24
Result Summary – H1FY24 (In ₹ lakhs) 1,05,000 1,04,025 10,500 9,480 10,000 8,500 6,053 1,00,000 5,000 97,278 6,500 95,000 4,500 - 2,500 153 H1FY23 H1FY23 90,000 500 -5,000 -3,751 H1FY23 H1FY24 H1FY23 H1FY24 Revenue EBITDA PAT Revenue Breakup Insecticides Herbicides Fungicides Plant Growth Regulators
Slide 11: Revenue Split – H1FY24
Revenue Split – H1FY24 H1FY23 H1FY23 Product Category-wise (%) Product Category-wise (%) Formulation Technical Formulation Technical 11% 4% 8% 3% 25% 27% 18% 18% 47% 60% 48% 57% 13% 23% 21% 24% Insecticides Herbicides Fungicides Plant Growth Regulators, Nematicides & others Insecticides Herbicides F
Slide 12: Profit and Loss – Q2FY24 (Standalone)
Profit and Loss – Q2FY24 (Standalone) Particulars (₹ in lakhs) Q2FY24 Q2FY23 Y-o-Y (%) Q1FY24 Q-o-Q (%) H1FY24 H1FY23 Y-o-Y (%) Revenue from operations 58,677 56,491 3.8% 38,601 52% 97,278 1,04,025 (6.4%) Other income 100 426 (76.5%) 288 (65%) 388 719 (46%) Total Income 58,777 56,912 3.2% 38,889 51%
Slide 13: Profit and Loss – Q2FY24 (Consolidated)
Profit and Loss – Q2FY24 (Consolidated) Particulars (₹ in lakhs) Q2FY24 Q2FY23 Y-o-Y (%) Q1FY24 Q-o-Q (%) H1FY24 H1FY23 Y-o-Y (%) Revenue from operations 58,026 56,491 2.7% 37,591 54% 95,617 1,04,025 (8%) Other income 63 283 (77%) 286 (78%) 349 445 (22%) Total Income 58,089 56,774 2.3% 37,877 35% 95
Slide 14: Balance Sheet – H1 FY24 (1/2)
Balance Sheet – H1 FY24 (1/2) Standalone Consolidated Particulars (₹ in lakhs) H1FY24 FY23 H1FY24 FY23 ASSETS Non-current assets (a) Property, plant and equipment 22,786 20,760 39.686 36,924 (b) Right-to-use assets 160 286 2,984 3,125 (c) Capital work-in-progress 990 2,417 3,154 5,526 (d) Intangible
Slide 15: Balance Sheet – H1 FY24 (2/2)
Balance Sheet – H1 FY24 (2/2) Standalone Consolidated Particulars (₹ in lakhs) H1FY24 FY23 H1FY24 FY23 EQUITY AND LIABILITIES Equity (a) Equity share capital 1,988 1,988 1,988 1,988 (b) Other equity 52,517 55,753 51,577 55,406 Total equity 54,505 57,741 53,565 57,394 Non-current liabilities (a) Fina
Slide 16: Corporate Identity
• -------- .... ' , , \ \ \ \ I CORPORATE IDENTITY ••••• • • • • •• • • • • • •• • • • • ··.•~-~- .. . . . •••••••• • • • • •••••••••• • • •. •••••••••••••••••• • • • • • • •• •• •• •• • • • • ••••••••••••••••••• • • •••••••••••••• • • •••••••••••••••• • • • • •• •• • • • • •• • •• • •• • •• • •• •
Slide 17: About NACL, Mission, Values
About NACL Mission NACL`established itself as an • To be a trusted name in providing high quality Agrochemical player in 1993. The products and solutions to the farming community Company started as an Active Ingredient manufacturer and has • To be a trusted custom & contract manufacturing built a si
Slide 18: Quick Facts
Quick Facts 1,400+ 31 5 Employee Strength Geographical Million Farmers Presence ( Customers ) 4 30 66+ Manufacturing Years of Branded Products Units Experience 17 Investor Presentation
Slide 19: Geographical Reach
Geographical Reach Russia Netherland Uzbekistan Japan USA South Korea China Iran Mexico Taiwan UAE Myanmar Haiti Yemen Thailand Vietnam Panama Nigeria Ethiopia Philippines Colombia Uganda 31 - Countries Indonesia Tanzania Brazil Sri Lanka Zambia Singapore 1,400+ - Employees Australia 04 - Manufactur
Slide 20: Product Portfolio (1/2) Technicals
Product Portfolio (1/2) Technicals Insecticides Fungicides Herbicides • Profenofos • Myclobutanil • Pretilachlor • Lambda-Cyhalothrin • Propiconazole • Bispyribac Sodium • Imidacloprid • Tricyclazole • Metribuzin • Bifenthrin • Thifluzamide • Clodinafop-Propargyl • Thiamethoxam • Difenoconazole • Qu
Slide 21: Product Portfolio (2/2)
Product Portfolio (2/2) Status Bushi Ennova Hurricane Plus Nagarjuna Mida Syndicate Cairo Fenny Monocrown Profex Insecticides Task Gr Cannon Force Nagarjuna 4G Profex Super Task SC Dxtar Force Super Nagarjuna Mantle Pymet Warrior Dxtar FS Fury Nagarjuna Spice Pest Lock Warrior Plus Quick SP Trust Co
Slide 22: NACL's Business Model
NACL’s Business Model 66 Branded Products, 47 NACL stock points and Thousands of retail Technical outlets across India manufacturing plants under the Company’s with a combined direct to retail production capacity of approach 23,000 TPA A state-of-the-art Formulation unit with Knowledge Delivery R&D
Slide 23: Business Strategy
BUSINESS STRATEGY Strengthening and enhancing global collaborations Substantial capacity enhancement strategy in Agrochemical, Specialty Chemicals & Continue to invest in Product Registrations, Advanced Intermediaries Process know –how, Brand building Tap new geographies and Farmer Centric product s
Slide 24: NACL – A Unique Investment Case
NACL – A Unique Investment Case RESEARCH & GOVERNANCE DEVELOPMENT & LEADERSHIP Capable R&D team with Accomplished Board Members state-of-the-art, GLP and seasoned professional CONSISTENT accredited facility, to leadership with decades of GROWTH DISTRIBUTION develop differentiated industry experience
Slide 25: Certificates
Certificates RC certificate GLP certificate DSIR R&D Facility ISO Accreditations NABL Accreditations ISO 45001:2018 ISO 14001:2015 ISO 9001:2015 R&D Facility Ethakota Unit Srikakulam Unit 24 Investor Presentation
Slide 26: Awards and Accolades
Awards and Accolades Greentech Award Suraksha Certificate of Best Management Water Industry Champion ABSA Company of Puraskar Appreciation Award Management Award 2021 the Year Award NACL has bagged Award 2022 the “Greentech NACL’s Srikakulam NACL’s Ethakota NACL’s manufacturing NACL's Srikakulam NAC
Slide 27: Key External Drivers of the Business
Key External Drivers of the Business Indian Agrochemical Market India is the fourth-largest producer of agrochemicals in the world after USA, Japan and China. The Indian agrochemical market are expected to continue to grow between 5% and 6% through 2030.Government has identified the agrochemical ind
Slide 28: Research & Development
Research & Development R&D labs at Shadnagar and Srikakulam are DSIR Development of new generation, environment recognized. Quality Control labs in the above locations and friendly and safe Formulations Ethakota are NABL accredited. Process development of Active Ingredients and Intermediates R&D lab
Slide 29: Production Capacity
Production Capacity Ethakota Unit 1, AP Ethakota Unit 2, AP PRODUCTION CAPACITY Liquid Formulation 12,000 KL Powder Formulation 5,600 MT Granule Formulation 35,475 MT Technical Grade 17,000 MT (SKLM) Technical Grade 6,000 MT (Dahej) Srikakulam Unit, AP Dahej Unit, GJ 28 Investor Presentation
Slide 30: Capacity Expansion Plans
Capacity Expansion Plans BROWNFIELD PROJECT GREENFIELD PROJECTS NACL Industries Limited, Srikakulam, NACL Multichem Private Limited, Andhra Pradesh Ranasthalam Mandal, Srikakulam Srikakulam Technical Plant is in process of NACL Multichem, a Wholly Owned Subsidiary of increasing the capacity from 17,
Slide 31: Sustainability – Environment, Health & Safety
Sustainability – Environment, Health & Safety Manufacturing Plants are certified Integrated Management Systems Strong EHS systems, processes, related to quality, environment, inspection and training who health and safety (ISO) with enhance awareness and ensure adequately green belt cover practices S
Slide 32: Shareholder's Information
• -------- .... ' , , \ \ \ \ I SHAREHOLDER’S INFORMATION ••••• • • • • •• • • • • • •• • • • • ··.•~-~- .. . . . •••••••• • • • • •••••••••• • • •. •••••••••••••••••• • • • • • • •• •• •• •• • • • • ••••••••••••••••••• • • •••••••••••••• • • •••••••••••••••• • • • • •• •• • • • • •• • •• • •• • ••
Slide 33: Shareholders Information
Shareholders Information Stock Information (as on September 30, 2023) (As on September 30, 2023) Market Capitalization (₹) 1,60,371.96 Lakhs Shareholding Pattern (%) Shares Outstanding 19,88,41,843 Symbol (BSE) / (NSE) 524709 / NACLIND 6,98,77,790 Stock Performance Chart (as of August, 2023) 12,69,1
Slide 34: Performance Track Record
• -------- .... ' , , \ \ \ \ I PERFORMANCE TRACK RECORD ••••• • • • • •• • • • • • •• • • • • ··.•~-~- .. . . . •••••••• • • • • •••••••••• • • •. •••••••••••••••••• • • • • • • •• •• •• •• • • • • ••••••••••••••••••• • • •••••••••••••• • • •••••••••••••••• • • • • •• •• • • • • •• • •• • •• • •• •
Slide 35: Historic Quarterly Trend (1/2)
Historic Quarterly Trend (1/2) (₹ in lakhs) Revenue from operations 70,000 8,000 EBITDA 7,306 60,007 58,677 60,000 56,491 6,000 5,846 4,729 50,000 47,534 48,463 47,287 4,259 4,277 3,991 44,285 4,000 3,634 3,565 3,521 39,976 3,154 3,103 38601 2,888 2,383 40,000 34,417 2,138 2,044 32,468 33,043 2,000
Slide 36: Historic Quarterly Trend (2/2)
Historic Quarterly Trend (2/2) (₹ in lakhs) PBT PAT 8,000 5,000 4,165 4,000 6,000 5,565 3,001 3,000 2,524 4,012 2,102 4,000 3,409 1,869 1,714 1,5471,600 2,000 2,921 2,796 1,4311,513 2,1362,156 2,239 910 1,9052,041 1,000 644 858 2,000 1,432 536 500 1,112 309 804 1,025 702 424 - - Q1 Q2 Q3 Q4 Q1 Q2 Q3
Slide 37: Financial Performance (1/2)
Financial Performance (1/2) (₹ in lakhs) Revenue from Operations EBITDA and EBITDA Margin CAGR 21% CAGR 18% 25,0 00 12. 00% 2,11,600 20,0 00 10.61% 9.49% 15,0 00 10,0 00 9.76% 1,19,137 1,63,335 5,00 0 12,806 15,725 20777 - 6.0 0% FY21 FY22 FY23 FY21 FY22 FY23 EBITDA EBITDA Margin PBT and PBT Margin
Slide 38: Financial Performance (2/2)
Financial Performance (2/2) (₹ in lakhs) Working Capital Days Net Worth 121 82 107 48,395 79 35,053 41,148 57741 FY20 FY21 FY22 FY23 FY20 FY21 FY22 FY23 ROCE and ROE Debt to Equity (x) 25.83% 20.68% 22.01% 0.24 17.80% 0.21 0.22 15.71% 12.22% FY21 FY22 FY23 ROCE ROE FY21 FY22 FY23 37 Investor Present
Slide 39: Thank You
NACL Industries Limited Plot No 12-A, C Block, Lakshmi Towers, Nagarjuna Hills, Punjagutta, Hyderabad - 500082, Telangana, India +91-40 -24405100 info@naclind.com https://naclind.com/ S-Ancial Technologies Pvt. Ltd. (Investor Relations) 215, Shivshakti Industrial Estate, J. R. Boricha Marg, Lower Pa