Nacl Industries Ltd · NSE:NACLIND
Nacl Industries — Q4 FY2022 Earnings Presentation
46 slides from Nacl Industries's earnings presentation, May 2022
Slide 1: NACL Industries Limited Investor Presentation Q4 FY2022
NACL INDUSTRIES LIMITED Investor Presentation Q4 FY2022
Slide 2: 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 3: Content
CORPORATE IDENTITY 04 OPERATIONAL HIGHLIGHTS 10 RESULTS SUMMARY 12 PERFORMANCE TRACK RECORD 21 ANNEXURE 27 SHAREHOLDERS INFORMATION 43 CONTENT
Slide 4: Corporate Identity
CORPORATE IDENTITY
Slide 5: About NACL, Mission, Values
About NACL NACL is an established agrochemical Company in India, founded in 1993. The Company started as an Active Ingredient manufacturer and has built a sizable business in Domestic Retail, B2B and Exports, with many of the customers being large MNCs with long-standing relationships. The Company h
Slide 6: Quick Facts
Quick Facts 12,500 30 Retailers Geographical Presence 5 3 25+ Million Farmers Manufacturing Years of ( Customers ) Units Experience 57 1200+ Branded Employee Products Strength 6
Slide 7: Geographical Reach
Geographical Reach 30 Countries USA 12,500 Retailers Uzbekistan Iran 35 Revenue from International (%) Lebanon Nepal Egypt Taiwan 03 Manufacturing Plants Jordan Thailand Sudan India Costa Rica Yemen Columbia Uganda Ethiopia Tanzania Sri Lanka Ecuador Brazil Zambia Paraguay Myanmar Argentina Australi
Slide 8: 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 9: Product Portfolio (2/2)
Product Portfolio (2/2) Cairo Ennova Monocrown Pest Lock Quick 50% SP Trust Cannon Fenny Nagarjuna 4G Profex Status Warrior Insecticides Dxtar Fury Nagarjuna Mida Profex Super Task Gr Warrior Plus Dxtar FS Hurricane Plus Nagarjuna Spice Pymet Task SC Combi plus Kazan Result Subtle Rhizostar Fungicid
Slide 10: Operational Highlights
OPERATIONAL HIGHLIGHTS
Slide 11: Highest Ever Performance – FY-2022
Highest ever Sales Revenue (for 3rd consecutive year) R 1,605 Crs (includes Highest ever Exports and Domestic sales) R 102 Crs Highest Ever Highest ever Profit before Tax Performance – FY-2022 Highest ever AI/Technical production (SKKLM plant) 9,243 MT Highest ever Formulation production (ETK plant)
Slide 12: Operational Highlights for Q4FY22
Operational Highlights for Q4FY22 • Exports grew significantly in Q4, with 85% growth over the previous corresponding quarter. Overall business for the FY’ 2021-22 saw a YOY growth of 82%. Strong relationships with MNCs, commercialization of new formulation registrations, and a focus on trading oppo
Slide 13: Results Summary
RESULTS SUMMARY
Slide 14: Result Summary – Q4FY22
Result Summary – Q4FY22 (In ₹ lakhs) Revenue EBITDA PAT 43% 21% 23% 47,287 4,277 3,521 2,102 33,043 1,714 Q4FY21 Q4FY22 Q4FY21 Q4FY22 Q4FY21 Q4FY22 Revenue Breakup (₹ in lakhs) Insecticides Herbicides Fungicides Plant Growth Regulators 19% 109% 52% 440% Q4FY22 20,140 7,359 18,061 907 Q4FY21 16,914 3
Slide 15: Revenue Split – Q4FY22
Revenue Split – Q4FY22 Q4FY22 Q4FY21 Product Category-wise (%) Product Category-wise (%) Formulation Technical Formulation Technical 3% 1% 1% 19% 26% 27% 40% 48% 16% 57% 62% 62% 16% 10% 12% Insecticides Herbicides Fungicides Plant Growth Regulators, Nematicides & others Insecticides Herbicides Fungi
Slide 16: Result Summary – FY22
Result Summary – FY22 (In ₹ lakhs) Revenue EBITDA PAT 38% 23% 51% 1,64,016 7,604 15,725 1,19,137 12,806 5,029 FY21 FY22 FY21 FY22 FY21 FY22 Revenue Breakup (₹ in lakhs) Insecticides Herbicides Fungicides Plant Growth Regulators 28% 33% 52% 48% FY22 68,618 26,842 61,211 3,789 FY21 53,578 20,253 40,14
Slide 17: Revenue Split – FY22
Revenue Split – FY22 FY22 FY21 Product Category-wise (%) Product Category-wise (%) Formulation Technical Formulation Technical 3% 2% 4% 21% 28% 20% 28% 52% 57% 55% 60% 19% 15% 15% 20% Insecticides Herbicides Fungicides Plant Growth Regulators, Nematicides & others Insecticides Herbicides Fungicides
Slide 18: Profit and Loss – Q4FY22 (Standalone)
Profit and Loss – Q4FY22 (Standalone) Particulars (₹ in lakhs) Q4FY22 Q4FY21 Y-o-Y (%) Q3FY22 Q-o-Q (%) FY22 FY21 Y-o-Y (%) Revenue from operations 47,287 33,043 43% 39,976 18% 164,016 119,137 38% Other income 274 649 -58% 504 -46% 1,640 1,536 7% Total Income 47,561 33,692 41% 40,480 17% 165,656 120
Slide 19: Profit and Loss – Q4FY22 (Consolidated)
Profit and Loss – Q4FY22 (Consolidated) Particulars (₹ in lakhs) Q4FY22 Q4FY21 Y-o-Y (%) Q3FY22 Q-o-Q (%) FY22 FY21 Y-o-Y (%) Revenue from operations 47,287 33,043 43% 39,976 18% 164,016 119,137 38% Other income 161 584 -72% 431 -63% 1,342 1,466 -8% Total Income 47,448 33,627 41% 40,407 17% 165,358
Slide 20: Balance Sheet (1/2)
Balance Sheet (1/2) Standalone Consolidated Particulars (₹ in lakhs) FY22 FY21 FY22 FY21 ASSETS Non-current assets (a) Property, plant and equipment 20,354 18,572 20,381 18,572 (b) Right-to-use assets 461 349 3,331 3,249 (c) Capital work-in-progress 955 2,748 10,456 2,846 (d) Other intangible assets
Slide 21: Balance Sheet (2/2)
Balance Sheet (2/2) Standalone Consolidated Particulars (₹ in lakhs) FY22 FY21 FY22 FY21 EQUITY AND LIABILITIES Equity (a) Equity share capital 1,983 1,962 1,983 1,962 (b) Other equity 46,412 39,186 46,854 39,898 Total equity 48,395 41,148 48,837 41,860 Non-current liabilities (a) Financial liabilit
Slide 22: Performance Track Record
PERFORMANCE TRACK RECORD
Slide 23: Historic Quarterly Trend (1/2)
Historic Quarterly Trend (1/2) (₹ in lakhs) EBITDA Revenue from operations 5,000 50,000 4,729 47,287 4,277 4,500 45,000 44,285 4,259 39,976 4,000 40,000 3,565 3,521 34,417 3,500 35,000 32,468 33,043 3,154 30,172 3,000 2,888 27,663 30,000 26,475 25,202 2,383 23,868 2,500 25,000 2,138 2,044 20,000 19,
Slide 24: Historic Quarterly Trend (2/2)
Historic Quarterly Trend (2/2) (₹ in lakhs) PBT PAT 4,000 3,000 3,500 3,409 2,524 2,500 3,000 2,921 2,102 2,796 1,869 2,000 2,500 1,714 2,239 2,136 1,547 1,500 1,431 2,000 1,905 1,432 1,500 1,000 910 1,025 644 1,000 536 500 804 702 500 309 500 424 124 143 - - Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 FY20 FY21 FY22 F
Slide 25: Financial Performance (1/2)
Financial Performance (1/2) (₹ in lakhs) Revenue from Operations EBITDA and EBITDA Margin CAGR 17% CAGR 27% 1,64,016 10.61% 15,725 18,0 00 12. 00% 16,0 00 14,0 00 7.44% 12,806 1,19,137 12,0 00 9.49% 1,01,489 10,0 00 8,00 0 7,607 6.0 0% 6,00 0 4,00 0 2,00 0 - 0.0 0% FY20 FY21 FY22 FY20 FY21 FY22 EBIT
Slide 26: Financial Performance (2/2)
Financial Performance (2/2) (₹ in lakhs) Working Capital Days Net Worth 107 48,395 79 82 41,148 35,053 FY20 FY21 FY22 FY20 FY21 FY22 ROCE and ROE Debt to Equity (x) 22.01% 0.24 20.68% 0.21 13.57% 15.71% 12.22% 0.10 4.50% FY20 FY21 FY22 ROCE ROE FY20 FY21 FY22 26
Slide 27: Credit Rating
Credit Rating Reaffirmed (A One) CARE A1 ₹ 115.00 Crores Short Term Bank Facilities Long Term Bank Facilities ₹ 400.38 Crores CARE A; Stable (Single A; Outlook: Stable) Reaffirmed 27
Slide 28: Annexure
ANNEXURE
Slide 29: Timeline (1/2)
Timeline (1/2) Acquired two Pesticide Formulation Commencement of Chemagro International Plants at Ethakota in East Godavari Monocrotophos (MCP) Limited became Nagarjuna The 4th Technical District and a Pesticide storage commercial production Agrichem Limited and the The 3rd Technical Manufacturing
Slide 30: Timeline (2/2)
Timeline (2/2) Bagged “India's Best Registered highest ever Co-marketing partnership Company of the Year Award turnover (over Rs.1600 with leading Japanese – 2017”, by International crores) for the 3rd Registered highest State-of-the-Art chemical companies for Brand Consulting consecutive year. Also
Slide 31: Board of Directors
Board of Directors Mrs. K Lakshmi Raju Mr. M Pavan Kumar Mr. Sudhakar Kudva Mr. N Vijayaraghavan Mr. Raghavender Mateti Chairperson & Managing Director & Independent Director Non-Executive Director Independent Director Non-Executive Director CEO Mr. Ramkrishna Mudholkar Mr. N Sambasiva Rao Ms. Veni
Slide 32: Key Management Team
Key Management Team Mr. M Pavan Kumar Mr. R.K.S Prasad Executive Mr. G. Jagannadha Rao Mr. C. Varada Rajulu Mr. Harish Chandra Managing Director & CEO VP – Finance & CFO Executive VP – Exports Senior VP –Operations Bijlwan Sales & Marketing (Srikakulam and Ethakota Senior VP – Operations & Plants) T
Slide 33: NACL's Business Model
NACL’s Business Model Formulation unit with packaging facility for handling large capacities of liquids, powders and granules Knowledge Delivery Based Farmer Outreach A state-of-the-art Programmes across India R&D center for empowering farmers Technical manufacturing plant with a 50+ Branded Product
Slide 34: Business Strategy
BUSINESS STRATEGY Substantial capacity enhancement strategy in Agrochemical, Specialty Strengthening and enhancing global Chemicals & Advanced Intermediaries collaborations Tap new geographies and spread distribution network Continue to invest in Product Registrations, Process know –how, Brand build
Slide 35: NACL – A Unique Investment Case
NACL – A Unique Investment Case Robust, diversified and expanding product portfolio, spanning insecticides, herbicides, fungicides and plant growth regulators PRODUCT Long standing and trusted Extensive market reach PORTFOLIO relationships with multi-national through a large base of and domestic Com
Slide 36: Certificates
Certificates RC certificate GLP certificate ISO Accreditations NABL Accreditations ISO 45001:2018 ISO 14001:2015 ISO 9001:2015 R&D Facility Ethakota Unit Srikakulam Unit DSIR 36
Slide 37: Awards and Accolades
Awards and Accolades Best Company of Greentech Award Suraksha Certificate of Best Management Water Industry Champion the Year 2017 Puraskar Appreciation Award Management Award 2021 NACL has bagged Award NACL has been the “Greentech NACL’s Srikakulam NACL’s Ethakota NACL’s manufacturing NACL's Srikak
Slide 38: Key External Drivers of The Business
Key External Drivers of The Business Indian Agrochemical Market The agrochemicals market in India is expected to register 8% CAGR to reach US$ 3.7 billion by FY22 and US$ 4.7 billion by FY25. With the government propagating the development of the agricultural sector and with the recent proposals und
Slide 39: Research & Development
Research & Development R&D facilities at Shadnagar (Hyderabad) and Srikakulam Development of New generation, environment are DSIR recognized. Quality Assurance labs in the above friendly and safe formulations locations and Ethakota are NABL accredited. Process development of active ingredients and i
Slide 40: Production Capacity
Production Capacity Ethakota Unit, AP PRODUCTION CAPACITY 12,000 KL Liquid Formulation 5,600 MT Powder Formulation 35,475 MT Granule Formulation Technical Grade 10,000 MT* * Under significant expansion Srikakulam Unit, AP 40
Slide 41: Capacity Expansion Plans
Capacity Expansion Plans NACL is in process of BROWNFIELD NACL Industries increasing the existing Plant Limited, Srikakulam, capacity of 10,000 PROJECT Andhra Pradesh MT/Annum to 25,000 MT/Annum. GREENFIELD PROJECTS NACL Multichem Pvt. Ltd, NACL Spec-Chem Limited, Ranasthalam Mandal, CAPACITY Dahej,
Slide 42: Green Field Project at Dahej (Gujarat) - Nearing Completion
Green Field Project at Dahej (Gujarat) - Nearing Completion 42
Slide 43: Sustainability – Environment, Health & Safety
Sustainability – Environment, Health & Safety Manufacturing State-of-the- Efficient Plants equipped Advanced EHS Plants are art Zero Liquid equipment for with systems and Integrated Discharge reduced energy occupational processes which Management (ZLD) plants at consumption. health facilities, enhan
Slide 44: Shareholders Information
SHAREHOLDERS INFORMATION
Slide 45: Shareholders Information
Shareholders Information Stock Information (as on 16th May, 2022) (As on 31st March 2022) Market Capitalization (₹) 1,490.28 Cr Shareholding Pattern (%) Shares Outstanding 19.83 Cr Free Float 283.15 Cr 34.13% Symbol (BSE) / (NSE) 524709 / NACLIND Stock Performance Chart (as on 16th May, 2022) 64.00%
Slide 46: Thank You
NACL Industries Limited Bhavya Shah | Nikunj Jain Plot No 12-A, C Block, Lakshmi Towers, Nagarjuna Hills, Punjagutta, Hyderabad - 500082, S-ancial Technologies Pvt. Ltd. (Investor Relations) 215, Shivshakti Industrial Estate, J. R. Boricha Marg, Telangana, India +91-40 -24405100 Lower Parel (E), Mum