Pi Industries Limited · NSE:PIIND
Pi Industries — Q2 FY2023 Earnings Presentation
23 slides from Pi Industries's earnings presentation, November 2022
Slide 1: PI Industries Ltd. Investor Presentation November 2022
PI Industries Ltd. Investor Presentation November 2022
Slide 2: Agenda
AGENDA CDR India Siddharth Rangnekar • Financial Performance siddharth@cdr-india.com Nishid Solanki • CSM Exports nishid@cdr-india.com Tel: +91 22 6645 1221 /1209 • Domestic Agri Brands Fax: +91 22 6645 1213 PI Industries Limited • Business Model and Strategy Rajnish Sarna r.sarna@piind.com • ESG Cr
Slide 3: Robust growth momentum continues...
Robust growth momentum continues... Figures in Rs Million Revenue EBITDA PAT Q2FY23 17,700 31% 4,331 49% 3,348 46% YTM 6MFY23 33,132 30% 7,893 45% 5,972 43% Surge in new Commercialised S&P Global Corporate 20%+ revenue from enquiries Sustainability Uptick in CSM one new product in new innovative Agr
Slide 4: Surge in demand of existing and new products driving growth in Q2FY23
Surge in demand of existing and new products driving growth in Q2FY23 CONSOLIDATED Fig in Rs Million Q2FY22 Q2FY23 % YOY ▪ Overall 31% Y-o-Y revenue growth Revenue 13,542 17,700 31% ▪ 29% growth in Exports on a higher base Gross Margin 45% 45% 18 bps o Led by volume growth of ~25%, favorable price a
Slide 5: Robust performance of both Exports and Domestic in 6MFY23 in line with plan
Robust performance of both Exports and Domestic in 6MFY23 in line with plan CONSOLIDATED Fig in Rs Million 6MFY22 6MFY23 % YOY ▪ 30% Y-o-Y revenue growth Revenue 25,480 33,132 30% ▪ 34% growth in Exports over a high base mainly on account of Gross Margin 44% 45% 14 bps increase in revenue of existin
Slide 6: Strong Balance Sheet and internal accruals to drive future growth initiatives
Strong Balance Sheet and internal accruals to drive future growth initiatives CONSOLIDATED Fig in Million Sep-22 Mar-22 Sep-21 Highlights of H1FY23 Shareholders Fund 66,176 61,204 57,360 Non Current Liabilities 2,604 3,225 3,586 ▪ Total capex for H1FY23 is Rs. 1,204 million (H1FY22 Rs. 1,614 million
Slide 7: World class R&D set up and technological capabilities driving growth in future business pipeline
World class R&D set up and technological capabilities driving growth in future business pipeline World-class state-of-the-art R&D Lab at >40 products at different development Udaipur stages 500+ scientists & researchers including 15 new enquiries in H1FY23, R&D >25% from non-agchem 120+ Doctorates L
Slide 8: Continued thrust on sustainable best-in-class manufacturing practices ensuring uninterrupted scale-up
Continued thrust on sustainable best-in-class manufacturing practices ensuring uninterrupted scale-up Fully integrated state-of-art manufacturing Digital Edge facilities Adaptive Controls to optimize Yield, Quality, Energy & Throughput 15 MPPs ISO 9001: 2015 Fully DCS automated plants certification
Slide 9: Portfolio of specialized products and robust pipeline of new products driving growth in Domestic
Portfolio of specialized products and robust pipeline of new products driving growth in Domestic revenues Crop Solution Approach PI has one of the most comprehensive • Focus on target crops such as Cotton, Rice, portfolios for Cotton Pioneering innovative products in Horticulture and Wheat crop prot
Slide 10: New product launches in current fiscal
New product launches in current fiscal Revolutionary insecticide: Herbicide with pre-emergence to Combination Fungicide with Bringing technological JIVAGRO: post-emergence application on Dual action insecticide for Cotton excellent curative control against advancement Novel mode of action Cotton Dow
Slide 11: Leveraging technology in Application services to improve farmers' productivity
Leveraging technology in Application services to improve farmers’ productivity Fleet of 300+ advanced boom sprayers Frugal innovation to ensure cost effective delivery Deployed in various geographies of North and South Also piloting drone application 11
Slide 12: Implementing integrated program for Digital Edge capability
Implementing integrated program for Digital Edge capability Application modernization Adoption of Cloud • Microservice based architecture • Scalable IT Infrastructure • API based integration with third party • Ability to experiment and innovate faster applications • Business continuity • New UI/UX •
Slide 13: Implementing integrated program for People First capability
Implementing integrated program for People First capability Committed & Empowered Workforce Talent Strategy and Planning • Enhanced focus on ‘Digital’ with an aim • Multi-year strategic talent to enhance Employee experience planning in line with strategy Performance Management Leadership • Enhanced
Slide 14: Reconstitution of the Board and Committees solidifying governance score
Reconstitution of the Board and Committees solidifying governance score Mr. Narayan K. Seshadri Mr. Mayank Singhal • 50% of Board are Independent Directors Non-Independent Non-Executive Vice Chairperson and Chairperson Managing Director • 25% Women Directors • Audit, NRC, CSR, Stakeholder Relationsh
Slide 15: Positive market scenario and improved visibility to sustain growth momentum
Positive market scenario and improved visibility to sustain growth momentum • Strong demand for insecticides, fungicides, herbicides and bio-nutrients Domestic: • “Dual growth engine” with focusing on horticulture segment Focus on portfolio diversification with launch of • Commodity prices to remain
Slide 16: Performance underpinned by PI's Compass
Performance underpinned by PI’s Compass Purpose Reimagining a healthier planet Vision Lead with science, technology and human ingenuity to create transformative solutions in life sciences Capabilities Partner centric First to identify and deliver on latent needs of our customers and partners Science
Slide 17: Presence across the Agchem value chain
Presence across the Agchem value chain Strong focus on customer needs and continuous innovation Domestic Agri CSM Exports Brands Regulatory services Marketing & Discovery Development Scale-up Manufacturing Evaluation & Trials & Registrations Distribution Customer Needs Business Strategy Consistent Q
Slide 18: Business model built on the principles of respect for IP and established relationships
Business model built on the principles of respect for IP and established relationships Leading Agchem Distribution India’s largest CRAMS Company Company in India with Domestic Brand Market with majority revenue from Exports Market leading market share in Patented Products certain crops Leveraging ou
Slide 19: Pursuing Multi-pronged growth strategy..
Pursuing Multi-pronged growth strategy.. Build Market Build • Asset Explore and exploit • Customers Value-chain • Expansion • Customer relationship – Add Products • Creation Customer Intimacy untapped chemistry Management – Digitization • Segments Product & areas • Process – Strategic tie ups Custom
Slide 20: PI's focus on ESG principles is winning accolades
PI’s focus on ESG principles is winning accolades • Commitment to Bio-diversity and offset- • Achieved higher women participation in senior S&P Global management and STEM related positions. Corporate carbon emissions through extensive tree plantation. • S&P Global Corporate Sustainability Assessment
Slide 21: Rewards and Recognition
Rewards and Recognition TOP RATED PERFORMER INDIA‘s BEST CEO Promising Business Leader Chairman at CII-NR MR. MAYANK SINGHAL, Mr. Mayank Singhal Mr. Mayank Singhal VICE CHAIRMAN AND MD, recognised by The chosen as the Chairman at PI INDUSTRIES LTD. Economic Times as Asia's CII-NR Regional IS INDIA‘s
Slide 22: Our CSR efforts focused on Community welfare & Environment
Our CSR efforts focused on Community welfare & Environment Sustainable Agricultural Practices Skill Development Over 750,000 farmers benefitted Around 2,700 youth benefitted through climate smart and leading through vocational training and agronomic practices placed in organized sector Education Lea
Slide 23: Thank You
Inspired by Science “% ~=Thank You