Best Agrolife Ltd. · NSE:BESTAGRO
Best Agrolife — Q4 FY24 Earnings Presentation
18 slides from Best Agrolife's earnings presentation, May 25, 2024
Slide 1: Intimation under Regulation 30 to stock exchanges
25th May, 2024 National Stock Exchange of India Limited BSE Limited Exchange Plaza, C-1, Block-G, 25th Floor, P.J. Towers, Bandra - Kurla Complex Dalal Street, Mumbai-400001 Bandra (E), Mumbai-400051 SCRIP CODE: 539660 SCRIP ID: BESTAGRO Sub: Intimation under Regulation 30_of SEBI (LODR), 2015 Corpo
Slide 2: Q4 & FY24 Earnings Presentation
Q4 & FY24 Earnings Presentation Best Agrolife Limited 1
Slide 3: Disclaimer
Disclaimer The Presentation is to provide the general background information about the Company’s activities as at the date of the Presentation. The information contained herein is for general information purposes only and based on estimates and should not be considered as a recommendation that any i
Slide 4: Management Comment
Management Comment “Despite the many challenges faced during the year, for the full year FY24, our revenue grew by 7% on Y-o-Y basis. This growth was driven by our shift in business strategy from institutional sales to branded sales. This has resulted in the growth of our branded business by 85%. Ho
Slide 5: Financial Highlights Q4 FY24
Financial Highlights Q4 FY24 Revenue from operations in Q4 FY24 stood at Rs. 135.4 cr compared to Rs. 253.9 cr in Q4 FY23, Y-o-Y decline of 46.7%. This is mainly due to unexpected seasonal failure, of Q3 and Q4 of FY24 as against normal seasonal conditions in same period last year, leading to lowe
Slide 6: Financial Highlights FY24
Financial Highlights FY24 Revenue from operations for FY24 stood at Rs. 1,873.32 cr compared to Rs. 1,745.68 cr in FY23. This increase was mainly due to significant growth in branded sales as compared to the previous corresponding period EBITDA for FY24 was at Rs. 225.59 cr compared to Rs. 313.6
Slide 7: Key Business Highlights
Key Business Highlights Product Launch in FY24 BAL Launched multiple product during full year FY24 Herbicides: Amito, Headshot, Penfop, Propique, Propifen and Azaro Fungicides: Tricolor, Murphy, Murphy Gold and Doddy Insecticides: Ghotu Other Business Highlights Partnered with Syngenta for
Slide 8: Key Business Highlights: Approvals and Registrations
Key Business Highlights Approvals and Registrations received Q4FY24 Best Agrolife secured patents for four significant innovations in FY24 Best crop Science Private Limited, has been granted registration for indigenous manufacturing of Fomesafen technical 95% w/w Best Agrolife Limited has been
Slide 9: P&L Highlights
P&L Highlights Revenue EBITDA PAT 200 110 150 21.2% 17.8% 14.8% 11.7% 90 91 95 100 70 5.9% (49.6)% 50 Q4 FY24 254 612 811 315 50 2.8% 7 130 144 19 (67) 30 (3.3)% (2.1)% (53.5)% 135 0 (7) 10 (8) (72) Q4 Q1 Q2 Q3 Q4 -50 Q4 Q1 Q2 Q3 Q4 -10 FY23 FY24 FY24 FY24 FY24 Q4 Q1 Q2 Q3 Q4 FY23 FY24 FY24 FY24 FY2
Slide 10: Glimpse of Differentiated Products launched since 2022
Glimpse of Differentiated Products launched since 2022 TOMBO A new generation corn herbicide Tembotrione shows a fast efficacy in control of weeds A first of its kind ternary insecticidal combination of Best It is altd, Agrolife post emergence Ronfen is a singleherbicide that shot solution dissi
Slide 11: Glimpse of Differentiated products launched since 2022
Glimpse of Differentiated products launched since 2022 CITIGEN (CTPR) It is a Aplant first of its kind ternary systemic insecticidal insecticide combination that belongs of Best to the group anthranilic diamide, which has a unique mode of action first to launch Agrolife ltd, Ronfen is a single sho
Slide 12: Patented Product Launch Plan FY25
Patented Product Launch Plan FY25 HERBICIDE HALOXYFOP + Patent for herbicidal Composition of Haloxyfop + Imazethapyr + chlorimuron Patented IMAZETHAPYR + A very prominent one-shot solution for an important crop like Soyabean. High importance not only in India but in other Product CHLORIMURON soy
Slide 13: P&L For Q4 & FY24
P&L For Q4 & FY24 Value (INR Cr) Q4 FY24 Q4 FY23 YoY (%) Q3 FY24 QoQ (%) FY24 FY23 YoY (%) Revenue from Operation 135 254 (47)% 315 (57)% 1,873 1,746 7% Other Income 1 1 1 3 3 Total Revenue 136 255 (46)% 316 (57)% 1,876 1,749 7% Cost of Goods Sold 146 206 (29)% 243 (40)% 1,415 1,252 13% Employee Ben
Slide 14: Balance Sheet FY24
Balance Sheet FY24 Value (INR Cr) FY 21 FY22 FY23 FY24 Equity And Liabilities Share Holders Fund 130 330 527 647 Non-current Liabilities Long Term Borrowings 3 49 34 21 Other Financial Liabilities 7 20 22 41 Total Non-current Liabilities 10 69 56 62 Current Liabilities Short Term Borrowings 22 216 5
Slide 15: Return Ratios with Stable Balance Sheet
Return Ratios with Stable Balance Sheet ROCE ROE 38% 31% 36% 32% 26% 27% 20% 15% FY21 FY22 FY23 FY24 FY21 FY22 FY23 FY24 Debt to Equity (x) Current Ratio (x) 1.06 1.49 0.97 1.36 1.35 1.21 0.80 0.20 FY21 FY22 FY23 FY24 FY21 FY22 FY23 FY24 14
Slide 16: Experienced Management Team
Experienced Management Team Mr. Vimal Alawadhi Mr. P . N. Karlekar Mr. S. B. V. Rama Prasad Mr. N Surendra Sai Mr. Vikas Jain MANAGING DIRECTOR EXECUTIVE DIRECTOR HEAD INTERNATIONAL BUSINESS CHIEF FINANCIAL OFFICER MANAGING DIRECTOR ( Best Crop Science Pvt Ltd ) A true visionary and a passionate A C
Slide 17: Outlook for FY25
Outlook for FY25 Revenue Growth ~ 20 to 30% EBITDA Margin ~ 17 to 20% 1 2 3 4 Launch of new Ramping up Improving Cash Improving & innovative distribution & Flow working products with branded capital cycle higher margins products business 16
Slide 18: For queries please contact
For queries please contact: Adfactors PR Savli Mangle savli.mangle@adfactorspr.com Rohit Rokade rohit.rokade@adfactorspr.com Contact: 9664355458 DISCLAIMER This presentation includes certain forward looking statements and information including statements concerning the outlook for business. The stat