Punjab Chemicals & Crop Protection Ltd. · NSE:PUNJABCHEM
Punjab Chemicals & Crop Protection — Q1 FY25 Earnings Presentation
30 slides from Punjab Chemicals & Crop Protection's earnings presentation, Aug 2, 2024
Slide 1: Exchange filing cover letter for investor presentation
Date: August 2, 2024 BY E FILING The Manager The Manager Department of Corporate Services Listing Department BSE Limited National Stock Exchange of India Limited MUMBAI-400 001 MUMBAI-400 051 Re: BSE Scrip Code: 506618 NSE Scrip Symbol: PUNJABCHEM Sub: Investor Presentation - Financial Overview – Q1
Slide 2: Q1 FY25 Investor Presentation | August 2024
Q1 FY25 Investor Presentation | August 2024 1
Slide 3: Safe Harbour
Safe Harbour This presentation and the accompanying slides (the “Presentation”), which have been prepared by Punjab Chemicals and Crop Protection Ltd (the “Company’), have been solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for
Slide 4: Table of Contents
Table of Contents Result Company Highlights Overview Business Performance Strategy Track Record 3
Slide 5: Result Highlights
AND CROP PROTECTION LTD. 180 9001:2015, 1SO 14001:2015 & 1SO 45001:2018 Certified Company o PUNJAB CHEMICALS Result Highlights
Slide 6: Result Highlights
Result Highlights Q1FY25 ₹ 242 Cr ₹ 28 Cr ₹ 13 Cr Revenue EBITDA PAT o Registered a Revenue of Rs. 242.2 Cr in Q1 FY 25. Able to maintain overall volumes and marginal decline is due to lower prices. o Gross Margin stood at 38.8%, up by 350 bps YoY mainly due to better raw material and utility effici
Slide 7: Q1 FY25 Financial Performance
Q1 FY25 Financial Performance (in ₹ cr, except margins) REVENUE GEOGRAPHICAL SPLIT 281 242 Domestic 135 135 281 242 International 146 107 Q1 FY24 Q1 FY25 Q1 FY24 Q1 FY25 EBITDA & EBITDA MARGIN PAT & PAT MARGIN 13.4% 11.4% 7.8% 5.5% 38 22 28 13 Q1 FY24 Q1 FY25 Q1 FY24 Q1 FY25 6
Slide 8: FY24 Financial Performance
FY24 Financial Performance (in ₹ cr, except margins) REVENUE GEOGRAPHICAL SPLIT 1,006 934 Domestic 425 450 1,006 934 International 581 484 FY23 FY24 FY23 FY24 EBITDA & EBITDA MARGIN PAT & PAT MARGIN 12.2% 12.1% 6.1% 5.7% 123 113 61 54 FY23 FY24 FY23 FY24 7
Slide 9: Consolidated Profit & Loss Statement
Consolidated Profit & Loss Statement Particulars (In ₹ Cr) Q1 FY25 Q1 FY24 YoY % Q4 FY24 QoQ % FY24 Revenue 242.2 281.4 -13.9% 196.5 23.2% 934.2 COGS 148.1 182.1 120.9 572.4 Gross Profit 94.1 99.2 75.6 361.8 Gross Profit Margin % 38.8% 35.3% 38.5% 38.7% Employee Expenses 24.5 21.2 23.5 87.8 Other Ex
Slide 10: Company Overview
AND CROP PROTECTION LTD. 180 9001:2015, 1SO 14001:2015 & 1SO 45001:2018 Certified Company o PUNJAB CHEMICALS Company Overview
Slide 11: Our Company
Our Company Established in 1975 as Punjab United Pesticides & Chemical Ltd (PUPCL), the company has now evolved into Punjab Chemicals and Crop Protection Ltd. We have separate synergistic Agrochemicals, Pharmaceuticals and Industrial chemical divisions with state-of-the-art manufacturing facilities
Slide 12: Our multi-decade story of growth and value-creation
Our multi-decade story of growth and value-creation Punjab United Pesticides & The Company established a Chemicals Limited was new manufacturing facility The Company extended established as a collaboration The Company diversified its (pharmaceutical product) into contract research and between Excel
Slide 13: Manufacturing Process
Manufacturing Process 2 Manufacturing facilities at Derabassi & Lalru in Punjab | 1 facility in Pune, Maharashtra with food grade certification. Total Reactor Capability to process reactions Capacity: 2000 KL under extreme conditions All manufacturing sites have Highest standards of safety adherence
Slide 14: Synergistic Product Portfolio
Synergistic Product Portfolio Divisions Major chemistries Product Category ▪ Friedel craft ▪ Chlorination ▪ Hydrazine Agrochemicals/ ▪ Hetrocyclic Fungicide, Herbicide. Manufacturing patented ▪ Oxidation Intermediates ▪ Bromination products under long term agreement/ in- ▪ Benzylation ▪ Methylation
Slide 15: Annual Production (MT) & Capacity Utilisation (%)
Annual Production (MT) & Capacity Utilisation (%) Derabassi Lalru 73% 80% 85% 75% 68% 79% 71% 73% 70% 54% 47% 52% 23,797 24,338 22,414 19,914 1,391 1,402 1,345 17,497 1,143 1,018 6,485 312 FY20 FY21 FY22 FY23 FY24 Q1 FY25 FY20 FY21 FY22 FY23 FY24 Q1 FY25 Note : New products have been commercialized
Slide 16: R&D Capabilities
R&D Capabilities Advanced R&D facility Both facilities have kilo Adding new chemistry ~40% of the new at both Derabassi & lab & pilot plants for scale skill set enquiries from non- Lalru up & commercial trials. agchem space 01 02 03 04 Focused approach to In-house library with a Investments lined up
Slide 17: Growth Drivers
Growth Drivers Existing products New Products Backward Improvement in New Speciality New Markets Agro Chemicals New Chemistry Integration Efficiency Registration Chemicals • Healthy new product pipeline for launch over next 6-12 months • To increase market share / margin • Regular supplies started f
Slide 18: Environment, Health & Safety Measure
Environment, Health & Safety Measure Stakeholder in new Common Effluent Strong EHS systems, Treatment Plant and also a Waste reduction exercise processes, inspection and member of Common Focusing on process safety taken aggressively with a training to enhance Treatment & Disposal management (PSM) fo
Slide 19: Our Global Clientele
Our Global Clientele Target regions for next leg of growth: Latin America, South Asia, European Union Note: The brand names /logos mentioned are the property of their respective owners and are used here for identification purpose only 18
Slide 20: Leadership Team: Board of Directors
Leadership Team: Board of Directors Board Composition Mr. Mukesh D. Patel Mr. Shalil Shroff Mr. Vijay Rai Chairman & Managing Independent Independent Director Director Director 55% Ms. Tara Ms. Aruna Bhinge Mr. Sheo Prasad More than 50% of the Board members are Subramaniam Singh Independent Director
Slide 21: Leadership Team: Key Management Team
Leadership Team: Key Management Team Mr. Vinod Gupta Mr. Ashish Nayak Ms. Rishu Chatley Dr. Vijay Kaushik Chief Executive Officer Chief Financial Officer Company Secretary Assistant Vice President- R & D • Chemical Engineer, IIT-B & PGPX, IIM-A • Chartered Accountant and has a • Member of Institute
Slide 22: Business Strategy
AND CROP PROTECTION LTD. 180 9001:2015, 1SO 14001:2015 & 1SO 45001:2018 Certified Company o PUNJAB CHEMICALS Business Strategy
Slide 23: Business Model
Business Model Partner for Contract Manufacturing Long term engagement favorable for both parties Faster turnaround Become a solution provider to our customers and expand Identify Niche Products/ Customers with relationship to multiple products Basket of Products Sustainability at core of any busine
Slide 24: Strategic Advantage
Strategic Advantage Low-Cost Manufacturing & Consistent Track Changing Industry Way Operator R&D Capability Record Dynamics Forward By ensuring consistent growth Historical association with MNC Global manufacturers are New Technologies & Integrated Developed an efficient cost in value for all stakeh
Slide 25: Corporate Social Responsibility
Corporate Social Responsibility 24
Slide 26: CSR Initiatives
CSR Initiatives Education Health Community Development 25
Slide 27: Performance Track Record
AND CROP PROTECTION LTD. 180 9001:2015, 1SO 14001:2015 & 1SO 45001:2018 Certified Company o PUNJAB CHEMICALS Performance Track Record
Slide 28: Performance Track Record
Performance Track Record REVENUE (₹ cr) EBITDA (₹ cr) PAT (₹ cr) +27.9% +49.2% +14.2% 1,006 140 84 933 934 123 113 96 61 678 54 550 49 42 11 FY20 FY21 FY22 FY23 FY24 FY20 FY21 FY22 FY23 FY24 FY20 FY21 FY22 FY23 FY24 GEOGRAPHICAL SPLIT (₹ cr) EBITDA MARGIN (%) PAT MARGIN (%) Domestic Export 1,006 15.
Slide 29: Performance Track Record
Performance Track Record CAPITAL STRUCUTURE (₹ cr) WORKING CAPITAL ANALYSIS D/E 0.9x 0.6x 0.4x 0.3x 0.4x 77 32 52 45 44 121 89 95 85 82 92 96 87 81 330 -75 88 281 -85 -80 226 -100 -102 145 98 FY20 FY21 FY22 FY23 FY24 FY20 FY21 FY22 FY23 FY24 Debt Equity Receivable Days Inventory Days Payable Days RE
Slide 30: Thank You
Punjab Chemicals and Crop Protection Ltd. CIN: L24231P81975PLC047063 Mr. Ashish Nayak, Chief Financial Officer investorhelp@punjabchemicals.com Orient Capital Mr. Sumeet Khaitan sumeet.khaitan@linkintime.co.in +91 70213 20701 Mr. Bhavya Shah bhavya.shah@linkintime.co.in THANK YOU +91 80827 48577 29
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