Sharda Cropchem Ltd. · NSE:SHARDACROP
Sharda Cropchem — Q4 FY2022 Earnings Presentation
33 slides from Sharda Cropchem's earnings presentation, May 2022
Slide 1: Cover letter to National Stock Exchange
>) Sharda Cropchem Limited @ Tel. : +91 22 66782800 F FAX : +91 22 66782828 / 66782808 ISOISOUI 2015 Regs NOL 202945) E-mail ; office@shardaintl.com CINZESTS09MHZODAPECTASOOT Regd. Office : Prime Business Park, Dashrathlal Joshi Road, Vile Parle (W), Mumbai - 400056, India. www.shardacropchem.com 13
Slide 2: Investor Presentation May 2022
Investor Presentation May 2022
Slide 3: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Sharda Cropchem 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 secur
Slide 4: About Sharda Cropchem Limited
About Sharda Cropchem Limited
Slide 5: We are a fast-growing global agrochemicals company
“We are a fast-growing global agrochemicals company with a peer position in the generic crop protection chemicals industry. Our vast and growing library of dossiers and IPRs provide us solid foundations for growth in the global marketplace, especially in Advanced Markets such as Europe, North Americ
Slide 6: Agrochemical Focused Company
Agrochemical Focused Company Intellectual Property (IP) driven company engaged in marketing and distribution of wide range formulations and generic active ingredients Efficiently channelizing time and resources for strengthening core Asset Light Business Model competency of identifying generic molec
Slide 7: Asset Light Business Model
Asset Light Business Model Overall Agrochemical Value Chain Sharda’s Operating Area √ √ √ √ Basic & Applied Active Ingredient Formulation & Marketing & Identification Registration Manufacturing Research Packaging Distribution SHARDA CROPCHEM’s ASSET LIGHT BUSINESS MODEL Focus on identification of ge
Slide 8: Increasing Global Presence having a Widespread Distribution
Increasing Global Presence having a Widespread Distribution Over the years, we’ve built a strong brand Presence franchise within our global markets; we are benefiting through the economies of scale in 80+ countries our portfolio and leveraging value of our across Europe, NAFTA, supply chain to deliv
Slide 9: The Sharda Advantage
The Sharda Advantage THE SHARDA ADVANTAGE One Stop Healthy Solution Wide Product Quality with Faster After Global Reach relationships Provider for Range Affordability Sales Service with suppliers Crop Care Products 8
Slide 10: Way Forward
Way Forward Forward Integration - Build Sales Force Expand & Strengthen Distribution Presence ➢ Leverage market presence and execution capabilities ➢ Expand geographical reach using existing library of dossiers ➢ Adopt the factory to farmer approach and be a one stop solution provider ➢ Two-fold str
Slide 11: Industry Outlook and Growth Drivers
Industry Outlook and Growth Drivers Global crop protection chemicals market value (In Billion USD) – CAGR of 3.5% 59.7 62.8 77.0 53.0 42.0 43.7 8.1 8.4 10.2 7.7 5.3 3.9 5.9 4.3 5.4 0.5 0.6 0.8 2020 2025e 2030e Herbicide Fungicide Insecticide Nematicide Molluscicide INDUSTRY DRIVERS 1 2 3 Fewer arabl
Slide 12: Experienced Management
Experienced Management Mr. Ramprakash V. Bubna Mr. Ashish Bubna Mr. Manish Bubna Mr. Ashok Vashisht Chairman & Managing Director Whole Time Director Whole Time Director Chief Financial Officer • Holds a Bachelor’s Degree of • Holds a Bachelor’s Degree in • Holds a Bachelor’s Degree in Chemical • He
Slide 13: Q4 FY22 Financial Highlights
Q4 FY22 Financial Highlights
Slide 14: Q4 FY22 Financial Highlights
Q4 FY22 Financial Highlights Cr. Revenues & GP Margin EBITDA & EBITDA Margin 31.3% 22.6% 22.1% 29.2% Revenue growth led by better Growth in EBITDA driven by 1,434 product mix & price realization 317 higher revenues, effective 1,088 246 cost management marginally Gross Margins marginally setted off b
Slide 15: Q4 FY22 Segment Wise Highlights
Q4 FY22 Segment Wise Highlights Cr. Agrochemical Segment Non Agrochemical Segment TOTAL REVENUES 92% 87% 8% 13% % of Revenue 100% 100% 1,243 191 1,434 1,005 1,088 83 Q4FY21 Q4FY22 Q4FY21 Q4FY22 Q4FY21 Q4FY22 +24% +129% +32% On Consolidated Basis 14
Slide 16: Q4 FY22: Product Wise Highlights (Agrochemical Segment)
Q4 FY22: Product Wise Highlights (Agrochemical Segment) Cr. Herbicides Insecticides Fungicides TOTAL REVENUES (Agrochemical Segment) 53% 59% 17% 11% 30% 30% % of Revenue 100% 100% 736 171 370 1,243 137 306 1,005 528 Q4FY21 Q4FY22 Q4FY21 Q4FY22 Q4FY21 Q4FY22 Q4FY21 Q4FY22 +39% -20% +21% +24% On Conso
Slide 17: Q4 FY22: Region Wise Breakup (Agrochemical Segment)
Q4 FY22: Region Wise Breakup (Agrochemical Segment) Cr. Europe NAFTA Region TOTAL REVENUES (Agrochemical Segment) 53% 49% 39% 39% +14% +26% 1,243 610 487 535 386 1,005 Q4FY21 Q4FY22 Q4FY21 Q4FY22 LATAM Region RoW 4% 9% 4% 3% Q4FY21 Q4FY22 +173% -18% 110 44 36 40 +24% Q4FY21 Q4FY22 Q4FY21 Q4FY22 % of
Slide 18: Q4 FY22: Region Wise Breakup (Non Agrochemical Segment)
Q4 FY22: Region Wise Breakup (Non Agrochemical Segment) Cr. Europe NAFTA Region TOTAL REVENUES (Non - Agrochemical Segment) 32% 29% 40% 57% +105% +229% 191 54 110 26 33 Q4FY21 Q4FY22 Q4FY21 Q4FY22 83 LATAM Region RoW 9% 5% 19% 9% Q4FY21 Q4FY22 +31% +9% 10 16 17 8 +129% Q4FY21 Q4FY22 Q4FY21 Q4FY22 %
Slide 19: FY22 Financial Highlights
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Slide 20: FY22 Financial Highlights
FY22 Financial Highlights Cr. Revenues & GP Margin EBITDA & EBITDA Margin* 31.7% 20.4% 30.2% 19.0% Revenue growth led by strong volume growth across Growth in EBITDA driven by 3,580 geographies, better product mix & 729 higher revenues, effective 2,396 price realization 455 cost management marginall
Slide 21: FY22 Segment Wise Highlights
FY22 Segment Wise Highlights Cr. Agrochemical Segment Non Agrochemical Segment TOTAL REVENUES 86% 84% 14% 16% % of Revenue 100% 100% 3,004 576 3,580 2,058 2,396 338 FY21 FY22 FY21 FY22 FY21 FY22 +46% +71% +49% On Consolidated Basis 20
Slide 22: FY22: Product Wise Highlights (Agrochemical Segment)
FY22: Product Wise Highlights (Agrochemical Segment) Cr. Herbicides Insecticides Fungicides TOTAL REVENUES (Agrochemical Segment) 51% 54% 22% 20% 27% 26% % of Revenue 100% 100% 1,614 601 788 3,004 457 1,055 546 2,058 FY21 FY22 FY21 FY22 FY21 FY22 FY21 FY22 +53% +31% +44% +46% On Consolidated Basis 2
Slide 23: FY22: Region Wise Breakup (Agrochemical Segment)
FY22: Region Wise Breakup (Agrochemical Segment) Cr. Europe NAFTA Region TOTAL REVENUES (Agrochemical Segment) 51% 46% 35% 38% +32% +59% 3,004 1,379 1,153 1,041 725 2,058 FY21 FY22 FY21 FY22 LATAM Region RoW 7% 11% 7% 5% FY21 FY22 +110% +10% 315 143 157 150 +46% FY21 FY22 FY21 FY22 % of Revenue On C
Slide 24: FY22: Region Wise Breakup (Non Agrochemical Segment)
FY22: Region Wise Breakup (Non Agrochemical Segment) Cr. Europe NAFTA Region TOTAL REVENUES (Non - Agrochemical Segment) 32% 31% 44% 50% +67% +93% 576 179 288 108 149 FY21 FY22 FY21 FY22 338 LATAM Region RoW 7% 5% 17% 14% FY21 FY22 +14% +44% 27 82 24 57 +71% FY21 FY22 FY21 FY22 % of Revenue On Conso
Slide 25: Strong Balance Sheet
Strong Balance Sheet Working Capital (in Days) RoCE RoE +550 bps +470 bps 86 days 89 days 25.7% 19.8% 20.2% 15.2% 164 147 138 121 Mar-21 Mar-22 Mar-21 Mar-22 69 72 Cash & Cash Total Equity Total Debt Equivalents Mar-21 Mar-22 Rs. 1,912 Rs. 38 Rs. 262 crores crores crores Inventory Days Recievable Da
Slide 26: Annexure
Annexure
Slide 27: Q4 & FY22 Financial Highlights
Q4 & FY22 Financial Highlights Cr. Particulars Q4FY22 Q4FY21 Y-o-Y FY22 FY21 Y-o-Y Revenue from Operations 1,434.5 1,088.1 32% 3,579.8 2,395.6 49% COGS 1,015.3 747.1 2,499.8 1,636.0 Gross Profit 419.2 341.0 23% 1,080.0 759.7 42% Gross Margin % 29.2% 31.3% 30.2% 31.7% Employee Expenses 12.7 11.9 44.2
Slide 28: Historical Profit & Loss
Historical Profit & Loss Cr. Particulars FY22 FY21 FY20 FY19 FY18 Revenue from Operations 3,579.8 2,395.6 2,003.0 1,997.6 1,706.6 COGS 2,499.8 1,636.0 1,388.8 1,387.3 1,143.7 Gross Profit 1,080.0 759.7 614.3 610.2 562.8 Gross Margin % 30.2% 31.7% 30.7% 30.5% 33.0% Employee Expenses 44.2 37.3 34.9 33
Slide 29: Balance Sheet – Equity & Liabilities
Balance Sheet – Equity & Liabilities Cr. Equities & Liabilities FY22 FY21 FY20 FY19 FY18 Shareholder's Funds Equity and Share Capital 90.2 90.2 90.2 90.2 90.2 Other Equity 1,822.2 1,524.1 1,312.6 1,193.7 1,044.6 Non-controlling Interest 0.3 0.3 0.3 0.2 0.2 Total Equity 1,912.8 1,614.6 1,403.1 1,284.
Slide 30: Balance Sheet - Assets
Balance Sheet - Assets Cr. ASSETS FY22 FY21 FY20 FY19 FY18 Assets Non-Current Assets Property, Plant and Equipment 14.4 20.9 27.8 13.5 10.7 Goodwill 0.0 0.4 0.4 0.4 0.4 Other Intangible assets 577.4 523.1 388.1 357.8 215.2 Intangible assets under development 212.2 131.0 161.4 219.8 359.9 Deferred Ta
Slide 31: Key Financial Performance Indices
Key Financial Performance Indices Cr. Revenue EBITDA & EBITDA Margin* Profit After Tax & PAT Margin 20.7% 18.5% 17.6% 19.0% 20.4% 11.2% 8.8% 8.2% 9.6% 9.8% 3,580 2,396 729 349 1,998 2,003 1,707 455 229 353 369 352 191 176 165 FY18 FY19 FY20 FY21 FY22 FY18 FY19 FY20 FY21 FY22 FY18 FY19 FY20 FY21 FY22
Slide 32: CSR Activities
CSR Activities CSR initiatives taken up by the Company are in the areas of Promoting Education, Healthcare, Eradicating Hunger, Empowerment of Women, Animal Welfare, Promotion of Sports and Rural Development Projects Promoting Education Animal Welfare Medical Aid & Relief 31
Slide 33: Thank You
THANK YOU Company: Sharda Cropchem Limited Investor Relation Advisors: Strategic Growth Advisors Pvt. Ltd. CIN: LS1909MH2004PLC145007 CIN: U74140MH2010PTC204285 Mr. Ashok Vashisht - CFO Mr. Deven Dhruva / Mr. Jigar Kavaiya cfo@shardaintl.com deven.dhruva@sgapl.net / jigar.kavaiya@sgapl.net Tel: +91