Aether Industries Ltd. · NSE:AETHER
Aether Industries — Q1 FY2023 Earnings Presentation
30 slides from Aether Industries's earnings presentation, Jul 25, 2022
Slide 1: Cover letter to stock exchanges on financial results presentation
25th July, 2022 Ref. No.: AIL/SE/26/2022-23 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: Pre
Slide 2: Q1 / FY23 Presentation
Q1 / FY23 Presentation JULY 25, 2022 AETHER.NS 543534
Slide 3: Agenda
01 02 03 About Financial QEHS + Aether. Summary. ESG. Agenda 04 05 Ongoing Annexure. Expansions.
Slide 4: About Aether.
About Aether.
Slide 5: Core Competencies
Core Competencies Chemistry Sweet Spot Technology Grignard's and Organolithiations Continuous Reaction Ethylene Oxide Chemistry Batch Reaction - Tandem Grignard / Ethylene Oxide High Pressure Reaction Isobutylene Chemistry Chemistry Technology Fixed Bed Reaction Hydrogenation Cryogenic Reaction - As
Slide 6: 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 7: Evolution
Evolution Phase 1 Phase 2 Phase 3 Concept to Create Concept to Build Build to Scale 2013 – 2016 2017 – 2021 2022 onwards • Incorporation of Company • Streamlined manufacturing for 22 products • Construction work almost done, ordering and • Vision to create niche in global chemical installation of pl
Slide 8: Research & Development
Research & Development 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 JUNE-22 6.9% 7% 6.6% 164 182 4.3% Highly qualified employees, Highly qualified employees, 4.0% including including 2.
Slide 9: Financial Summary.
Financial Summary.
Slide 10: Fastest growing specialty chemical companies in India
1,662 “We are one of the fastest growing specialty chemical companies in India, growing at a CAGR of nearly 52.1% between Fiscal 2018 and Fiscal 2022. We are expanding the business to continue the growth in sustainable manner. Total Revenue The increase in revenues has helped us earn better 486 and
Slide 11: Business Segments
Business Segments 53% 12% 33% 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 technology d
Slide 12: Aether Today
Aether Today Gross Revenue ( INR MM ) 33.7% CAGR 52.9% Agro 5,970 Pharma 4,538 By Application 3,038 50.1% 4.4% Material Science 2,033 1,662 7.2% Photography 1,092 3.7% Coatings 0.9% Others FY18 FY19 FY20 FY21 FY22 Q1 FY23 Q1-FY23 EBITDA % 29.3% 29.3% 29.3% 24.4% 24.3% 25.3% 53.0% Domestic 21.7% 30.8
Slide 13: Key Performance Highlights
Key Performance Highlights ( INR MM ) Y-o-Y Q-o-Q 9.09% 12.5% 1,662 1,662 1,512 1,477 2.4% 14.9% 5.3% 17.7% 475 486 423 486 323 306 260 306 Q1FY22 Q1FY23 Q1FY22 Q1FY23 Q1FY22 Q1FY23 Q4FY22 Q1FY23 Q4FY22 Q1FY23 Q4FY22 Q1FY23 • Revenue • EBITDA • PAT • Revenue • EBITDA • PAT Y-o-Y is comparison of Q1F
Slide 14: IPO Fund Utilisation
IPO Fund Utilisation 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 fully pai
Slide 15: 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 16: QEHS + ESG.
QEHS + ESG.
Slide 17: Infrastructure for environment and sustainability efforts
High standards of quality for products Vibrant infrastructure installed for environment and sustainability efforts • 100 KLPD in-house zero liquid discharge (ZLD) plant • Triple stage multiple effect evaporator (MEE) • Mechanical vapour recompression (MVR) plant • Agitated thin film evaporator (ATFE
Slide 18: QEHS
QEHS INDIAN GMP 5.8%* Health and Safety for Manufacturing of workforce as QC/ Prioritises health and safety of employees QA/ADL Team UN GLOBAL COMPACT Annual Corporate Member • Undertaking hazard and operability studies before commencing commercial production of new products • Dedicated team of safe
Slide 19: Corporate Social Responsibility
Corporate Social Responsibility ASHRAM SHALA KALIBAL DANG, GUJARAT Inauguration Date - June 15, 2022 In the last three financial years, the Company has spent Rs. 2.07 Crores towards the CSR Activities, with main focus on education leading to construction of schools in the Dangs and Tapi Rural Areas.
Slide 20: Sustainability Report on ESG
Sustainability Report on ESG (Environmental, Social and Governance) being prepared in consultation with reputed professional ESG consultants and expected to be available in Q2 of FY23. Social Governance • Focused on: • Technically sound and extensively - Education ( especially for girls ) experience
Slide 21: Ongoing Expansions.
Ongoing Expansions.
Slide 22: Expansion - Research & Development Facility
Expansion - Research & Development Facility Double expansion of the current Research & Development Labs operational from May 2022 Triple expansion of the same going on. > 55 Fume Hoods being installed 182 + highly experienced people, including PhD / Scientists and Engineers
Slide 23: Expansion - One of the world's largest Pilot Plant Facility
Expansion - One of the world’s largest Pilot Plant Facility Triple expansion of the current pilot plant Operational from June 2022 end > 100 Reactors being installed Batch and continuous technology Skid based pilot plants
Slide 24: Solar Power Project
Solar Power Project Leasehold lands acquired for the project 16 MW Plant for manufacturing facility 1, 2 and proposed green field project Installation work in progress Power generation expected to start by July 2022 Will be able to help save 24000 Tonnes of Carbon Dioxide emission per annum Will tak
Slide 25: Expansion - Site 3 Facility
Expansion - Site 3 Facility Located diagonally opposite to the current Manufacturing Facility 2 in GIDC, Sachin, Surat, Gujarat, India Civil work already completed Ordering of plant, machinery and equipment in progress Installation of plant, machinery and equipment along with other assets started fr
Slide 26: Land Acquired
Land Acquired For future expansions Acquired land in auction Plot nos. 14 & 15, Panoli GIDC, Gujarat 125,000 sq. mtrs. / 31 acres (approximate) 12 times the land bank of the current land Easy proximity to NH8 54 Kms drive from current locations in Surat
Slide 27: Why Aether ?
Why Aether ? The True R&D Driven Growth 1st Time In Market Story Approach Engines India Leading [8 x 8] Matrix of chemistry / Deep rooted R&D-led product Successfully launched 3 Most of our advanced Products technology competencies development team comprising business models in 5 years intermediates
Slide 28: Annexure.
Annexure.
Slide 29: Financial Results for Q1 of FY23
Financial Results for Q1 of FY23 INR MM Q1FY23 Q4FY22 Q1FY22 FY22 Unaudited Audited Unaudited Audited Revenue from operations 1,600 1,475 1,500 5,900 Other income 62 2 12 70 Total income 1,662 1,477 1,512 5,970 Cost of goods sold # 830 732 725 2,880 Employee benefits expense 72 58 63 270 Other expen
Slide 30: Certain statements and opinions with respect to the anticipated future performance of the company
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