Atul Limited · NSE:ATUL
Atul — Investor Presentation (April 2022)
124 slides from Atul's investor presentation, Apr 27, 2022
Slide 1: Our endeavour
Our endeavour be Resilient be Responsive be Relevant April 27, 2022
Slide 2: Disclaimer
Disclaimer Atul Ltd (Atul) may, from time to time, make written and oral forward looking statements, in addition to the statements contained in the filings of the Company with BSE Ltd and National Stock Exchange of India Ltd and its reports to the shareholders. The Company does not undertake to upda
Slide 3: Agenda
Agenda 1 2 3 4 5 6 7 8 Legacy Performance Serving the society Shareholders Challenges Financials 21-22 Industry overview Interactions
Slide 4: Legacy
Legacy
Slide 5: Our Founder
Our Founder Shri Kasturbhai Lalbhai (1894 –1980) trusteeship | discipline | foresight | eye for detail | social purpose
Slide 6: Balwantrai Mazumdar and Siddharth Lalbhai
Shri Balwantrai Mazumdar Shri Siddharth Lalbhai (1902 – 1981) (May 03, 1923 – September 13, 1998) An economist, Balwantrai Mazumdar was a voracious reader, A chemical engineer by education, Siddharth Kasturbhai shifted sound thinker, patient listener and a farsighted professional. to Atul in 1952, t
Slide 7: Our Values
Our Values Integrity working with honesty, following the highest standards of professionalism Understanding working and connecting with others, thus enhancing human relationships Unity working together and taking advantage of synergy while harnessing unique abilities of each of us to achieve a large
Slide 8: Group entities
Group entities Atul Brasil Quimicos Atul Bioscience Atul China Atul Rajasthan Date Palms Atul Europe 4 Atul Foundation Atul Club Atul Ireland Amal Atul Institute of Vocational Excellence Rudolf Atul Chemicals Atul Middle-East Atul USA
Slide 9: Profile
Profile 900 products and 4,000 customers 400 formulations 6 production sites in India 2 4 50 MW captive 6 30 industries 140 brands power plant 30 m3 | day 92 countries 5 sales offices abroad effluent treatment 70 years of operations
Slide 10: Pioneering efforts
Pioneering efforts largest manufacturer of para Cresol, para Anisic amongst the largest manufacturers of aldehyde and para Anisic alcohol in the world Sulphur black and Vat dyes in India only integrated manufacturer of Resorcinol amongst the leading manufacturers of and Resorcinol formaldehyde resin
Slide 11: Made in India
Made in India endeavouring to make ‘Made in India’ label proud
Slide 12: Industries served
Industries served Electrical and Electronics Agriculture Composite Construction Cosmetic Defence Food 6 Paint and Horticulture Home care Glass Fragrance Coatings Personal Pharmaceuticals Rubber Soap and Sport and Tyre Textile Wind energy care Detergent Leisure … and many more
Slide 13: Performance
Performance |
Slide 14: Sales trend
Sales trend Atul ` cr 15 years CAGR: 12% 4,929 3,845 3,824 3,052 3,460 2,639 2,510 2,307 2,403 1,964 1,746 1,508 1,159 1,168 895 998 06-07 07-08 08-09 09-10 10-11 11-12 12-13 13-14 14-15 15-16 16-17 17-18 18-19 19-20 20-21 21-22
Slide 15: Profit and RoCE trends
Profit and RoCE trends Atul ` cr 900 50% 828 15 year PBT CAGR: 26% 803 804 800 45% 40% 700 652 34% 35% 600 31% 32% 30% 30% 500 27% 26% 26% 24% 25% 397 400 22% 400 21% 18% 397 20% 17% 312 300 277 13% 15% 11% 187 200 9% 9% 10% 129 116 PBT % RoCE 100 80 51 5% 26 35 0 0% 06-07 07-08 08-09 09-10 10-11 11
Slide 16: Sales trend: Group entities
Sales trend Group entities* ` cr 518 6 years CAGR: 22% 309 244 205 209 170 155 15-16 16-17 17-18 18-19 19-20 20-21 21-22 * Atul Bioscience | Amal | Anaven | Atul Rajasthan Date Palms | DPD | Osia Infrastructure | Rudolf Atul Chemicals
Slide 17: Profit trend: Group entities
Profit trend Group entities* ` cr 100% 6 year PBT CAGR: 10% 95% 90% 85% 60 80% 75% 70% 65% 60% 47 55% 42 43 43 42 50% 45% 40% 35% 30% 31 25% 20% 27 15% 10% 5% 20 0% 15-16 16-17 17-18 18-19 19-20 20-21 21-22 * Atul Bioscience | Amal | Anaven | Atul Rajasthan Date Palms | DPD | Osia Infrastructure | R
Slide 18: Capital expenditure trend
Capital expenditure trend ` cr 591 365 374 323 214 211 193 143 127 113 104 49 22 09-10 10-11 11-12 12-13 13-14 14-15 15-16 16-17 17-18 18-19 19-20 20-21 21-22
Slide 19: Growth
Growth ` cr Entities Projects 21-22 Implemented Under implementation Atul 374 777 Group entities Atul Products 817 Amal Specialty Ltd 76 Atul Finserv 27 Sub total 920 Total 374 1,697
Slide 20: Process
Process • Assignments Preparation of • Projects development plan Implementation of • Additional responsibilities development plan • Courses • Job rotations • Interactions Individual development • Dialogues plan Identification of Review of development – development needs measurement | effectiveness
Slide 21: Continuous feedback
Continuous feedback Development Performance and Skip level dialogues Interactions Presentations Key inputs for IDP development dialogues Dept | Bu – Fu | Corporate L and L+1 L+2 Bu | Fu head Identified managers Quarterly Half yearly Annually As scheduled Continuous
Slide 22: Serving the society
Serving the society 5
Slide 23: Atul Foundation
Atul Foundation Education Empowerment Health Relief Infrastructure Conservation
Slide 24: Education
Education 9,849 young minds, nurtured through education It is the depth of knowledge that makes an icon. ~ Dr Vikram Sarabhai
Slide 25: Empowerment
Empowerment 1,307 tribal youth and women empowered through various initiatives Nobody ever mastered any skill except through intensive persistent and intelligent practice. ~ Norman Vincent Peale
Slide 26: Health
Health 21,240 children, youth, men and women supported through various health initiatives He who has health, has hope; and he who has hope, has everything. ~ Thomas Carlyle
Slide 27: Health
Health Number of camps Beneficiaries Initiatives 2021-22 Cumulative1 2021-22 Cumulative1 Eye camp2 15 200 5,876 71,502 Blood donation camp2 35 354 3,258 50,562 Yoga workshop 15 404 Mega medical camp2 23 23.900 ENT camp 1 126 Autistic children camp 1 6 Medical camp2 1 24 301 8,405 Food and nutrition
Slide 28: Relief
Relief 6,229 needy people and five hospitals were supported during COVID-19 pandemic Great opportunities to help others seldom come, but small ones surround us every day. ~ Sally Koch
Slide 29: Infrastructure
Infrastructure 3,000 individuals and 12 villages benefitted through various infrastructure initiatives If you make the world better for the kids, you will make it better for everyone. ~ Kid President
Slide 30: Conservation
Conservation 15,956 people benefitted through conservation initiatives Energy conservation is the foundation of energy independence. ~ Tom Allen
Slide 31: Recognitions
Recognitions Award: UNSDGs champion Award: CSR excellence Atul Foundation received the CSR Excellence Award at the Atul Vidyamandir received UNSDGs* Champion award in 24th HR Convention 2022, organised by the Faculty of rural category. ARCedtech, SDG Choupal and Earth Day Social Work, The Maharaja S
Slide 32: Shareholders
Shareholders
Slide 33: Return on share
Return on share ` per share 1 275% 250%4 EPS Dividend 216 213 205 200% 150% 145 120% 100% 100% 93 96 91 85% 72 75% 73 60% 45% 45% 46 40% 30 30 19 09-10 10-11 11-12 12-13 13-14 14-15 15-16 16-17 17-18 18-19 19-20 20-21 21-22 2 3 1 includes one time dividend of 125% on 125th birth anniversary of Shri
Slide 34: Shareholder value
Shareholder value 18 year share price CAGR: 37% Value 900 of `10,000 invested in October 2000 became `1 crore in April 2022 11,500 828 11,000 803 804 10,500 800 10,000 10,288 9,500 700 9,000 652 9,024 8,500 PBT in ` cr 8,000 600 7,500 7,000 500 6,500 6,429 6,000 397 400 5,500 400 5,000 397 312 4,500
Slide 35: Challenges
Challenges
Slide 36: Crude oil versus IPEX
Crude oil versus IPEX Crude IPEX $244 $224 $224 $223 $220 $212 $214 $225 $228 $225 $216 $217 $209 $176 $172 $177 $170 $166 $191 $178 $176 $156 $159 $169 $174 $165 $141 $155 $151 $135 $129 $147 $112 $134 $113 $121 $110 $85 $80 $94 $74 $73 $66 $64 $67 $61 $60 $60 $61 $83 $53 $72 $73 $63 $40 $42 $69 $6
Slide 37: Raw material prices
Raw material prices 200 ` per kg 550 487 180 427 440 450 160 350 140 305 305 128 120 114 113 230 227 106 106 Anthraquinone 250 100 91 80 74 77 150 64 66 66 67 58 59 Phenol 60 50 50 44 Toluene 40 32 22 22 22 -50 17 Caustic 20 27 23 Sulphur 8 14 17 17 18 0 -150 Dec20 Mar21 Jun21 Jun21 Sep21 Dec21 Mar2
Slide 38: Fuel prices
Fuel prices 10,000 200.0 9,010 9,150 9,000 180.0 8,000 7,814 160.0 7,000 140.0 6,280 6,000 120.0 4,738 Coal 5,000 100.0 (` per mt) 4,000 80.0 3,000 60.0 2,000 40.0 Natural gas 39.4 33.0 37.0 (` per Nm3) 1,000 29.7 32.1 20.0 0 - Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 • The fuel prices have increased by 2
Slide 39: Freight rates
Freight rates 10,866 9,444 9,613 Global container freight index (in USD per container) 5,940 4,108 2,895 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 • Availability of the shipping line was a challenge due to disruption in the global supply chain • The freight cost has tripled during the year Source: f
Slide 40: Export incentives
Export incentives Export incentives as % of export sales 3.5% 2.7% 1.7% 1.6% 1.6% 1.6% 1.6% 1.3% Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 20-21 20-21 20-21 20-21 21-22 21-22 21-22 21-22 • MEIS (2-3%) replaced by RoDTEP (0.8 to 1.4%) • Product coverage reduced to ~40%
Slide 41: Steel and cement prices
Steel and cement prices 338 Steel and cement price trend 326 314 285 285 269 276 274 Cement (`|bag) 250 269 270 254 259 257 SS 316 (`|kg) 245 215 SS 304 205 (`|kg) 180 MS (`|kg) 53 58 61 60 43 49 Mar-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar22 Delay in project execution Delay in delivery of equipment
Slide 42: COVID-19
COVID-19 Many states in India have imposed lockdowns during third wave of the pandemic Many western countries have observed lockdowns at the beginning of the year
Slide 43: Actual performance
Actual performance 1,600 ` cr Quarterly sales 1,378 1,400 1,325 1,193 1,200 1,063 1,024 1,000 939 865 800 600 589 400 200 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 20-21 20-21 20-21 20-21 21-22 21-22 21-22 21-22 Operated without any break during Covid-19 Reached higher sales of 42% of which 16% from volume En
Slide 44: Financials 2021-22
Financials 2021-22 j
Slide 45: Revenue and PBT
Revenue and PBT ` cr Revenue PBT 4,993 828 (3%) 804 42% 773 3,512 20-21 21-22 20-21 21-22
Slide 46: Key highlights
Key highlights • Revenue increased by 42% from `3,512 to `4,993 cr • Net worth increased by 16% from `3,711 to `4,316 cr • New assets of `374 cr added to the gross block
Slide 47: Profit and loss (standalone)
Profit and loss (standalone) ` cr Particulars 21-22 20-21 % Revenue from operations 4,993 3,512 42% Expenditure 4,130 2,666 Other income 90 104 EBIDTA 953 950 - EBIDTA % 19% 27% Interest 3 2 Depreciation 146 120 PBT 804 828 (3%) Less: non recurring dividend income - 55 PBT before non recurring divid
Slide 48: Sales analysis
Sales analysis ` cr Inc | (dec) Sales 21-22 20-21 ` cr % National 2,479 1,885 594 31 International 2,450 1,575 875 56 Total 4,929 3,460 1,469 42
Slide 49: Balance sheet
Balance sheet ` cr Particulars Mar-22 Mar-21 Fixed asset 1,450 1,298 Other non-current assets 1,409 921 Total non-current assets 2,859 2,219 Inventories 701 511 Trade receivables 1,059 714 Current investments 540 1,009 Other current assets 192 134 Total current assets 2,492 2,368 Total assets 5,351
Slide 50: Consolidated segment results
Consolidated segment results ` cr Life Science Chemicals Performance and Other Chemicals Particulars 21-22 20-21 Inc | (dec) FY 22 FY 21 Inc | (dec) % % Net revenues from operations* 1,465 1,216 20 3,759 2,622 43 Earnings before interest and tax 179 220 (19) 576 594 (3) EBIDTA % 12% 18% - 15% 23% -
Slide 51: Working capital
Working capital ` cr Particulars Mar 22 Mar 21 Inc | (dec) Inventories 701 511 190 Debtors 1,059 714 345 Other current assets 192 134 58 Gross working capital* 1,952 1,359 593 Current liabilities 841 757 84 Net working capital 1,111 602 509 *excluding liquid investment
Slide 52: Working capital
Working capital NoDs Particulars Mar 22 Mar 21 Inc | (dec) Inventories 46 43 3 Debtors 63 55 8 Other current assets 13 11 2 Gross working capital* 127 115 12 Current liabilities 55 64 9 Net working capital 72 51 21 *excluding liquid investment Debtors are based on gross sales days, all others are on
Slide 53: Group entities
Group entities ` cr 160 143 25 50 47 140 127 38 40 20 120 105 15 100 30 23 80 10 21 5 20 60 5 13 0 6 -2 10 40 0 20 0 -5 0 FY 20 FY 21 FY 22 FY 20 FY 21 FY 22 Atul Bioscience DPD 50 43 140 45 121 40 120 32 30 89 35 100 30 81 25 80 20 13 60 15 11 22 40 10 13 19 5 3 20 0 0 FY 20 FY 21 FY 22 FY 20 FY 21
Slide 54: Cash flow
Cash flow ` cr Particulars 2021-22 2020-21 Profit before tax 804 828 Adjustment for depreciation, finance costs and others 85 40 Changes in working capital and others (480) 5 Cash generated from operations 409 873 Income tax paid net of refunds (192) (196) Net cash inflow from operating activities (
Slide 55: Industry overview
Industry overview ll
Slide 56: Performance and Other Chemicals: Aromatics
Performance and Other Chemicals Life Science Chemicals Sub segment: Aromatics Product groups: Intermediates and API intermediates Serving: Chemical additives, Fragrance, Personal care and Pharmaceutical industries Product Market share Competition (2021-22) p-Cresol (P&OC) 42% Asia (4) North America
Slide 57: Sales
Sales ` cr 1,147 1,059 939 2019-20 2020-21 2021-22
Slide 58: Opportunity landscape
Opportunity landscape Additives Fragrance Personal care World, $ bn 3.6 15 27 CAGR 2% 5% 5% India, $ mn 27 560 660 CAGR 3% 5% 5% Source: Customer interactions | market reports
Slide 59: Unrealised capex
Unrealised capex Unrealised sales potential: `380 cr
Slide 60: Projects under implementation
Projects under implementation
Slide 61: Forward path
Forward path • Implement project to manufacture downstream projects (4) • Develop and establish capacity for Cosmetic ingredients (3) • Commercialise products developed in Kilo lab (4) • Commercialise value added product from p-MPAA (1)
Slide 62: Risks and mitigation
Risks and mitigation Risks Mitigation • Late commercialisation of new products • Compress lead time between lab process and scale up • Single supplier for a key raw material • Develop alternate source for key raw materials • Disruptions in supply chains – impact the delivery of • Network directly wi
Slide 63: Performance and Other Chemicals: Bulk Chemicals
Performance and Other Chemicals Sub segment: Bulk Chemicals and Intermediates Product groups: Bulk chemicals, Adhesion promoters, Intermediates Industries served: Cosmetics, Chemical, Dyestuff and Tyre Product Market share Competition (2021-22) Resorcinol Significant (India) Asia (2) Insignificant (
Slide 64: Sales
Sales ` cr 454 382 354 2019-20 2020-21 2021-22 *Including internal sales
Slide 65: Opportunity landscape
Opportunity landscape Impact of COVID-19 on next vehicle purchase 25% 30% 31% 42% 44% Percentage of consumers intending to acquire a 63% 64% vehicle to avoid public transportation: Germany (11%) 75% 70% 69% 58% Japan (10%) 56% 37% 36% USA (14%) Korea (13%) China (23%) Germany Japan USA Korea China S
Slide 66: Opportunity landscape
Opportunity landscape Global tyre market (million units) CAGR 2.7 % 2021 2022 2023 2024 2025 2026 2027 Relevant products: Resorcinol and RF resins Source: Global tire (tyre) market size, share and forecast 2022-2027- Imarc group
Slide 67: Unrealised capex
Unrealised capex Unrealised sales potential: `35 cr (Intermediate) Unrealised sales potential: `15 cr (Basic chemicals)
Slide 68: Projects under implementation
Projects under implementation 300 TPD caustic plant including flaking 100 tpd capacity Product group Investment Sales at full capacity ` cr ` cr Bulk chemicals 817 439
Slide 69: Forward path
Forward path Enhance market share of RF Resins Expand capacity of intermediate chemicals Add Chlorine downstream products Add new products in existing and new value chains
Slide 70: Risk and mitigation
Risk and mitigation Risks Mitigation • Price and margin sensitive commodity products • Improve operational efficiencies • Long gestation period for qualification of performance • Shorten qualification period through data generation chemicals with in-house facilities
Slide 71: New facility
New facility New hydrogenation facility for Speciality chemicals
Slide 72: Performance and Other Chemicals: Colors
Performance and Other Chemicals Sub segment: Colors Product groups: Textile dyes, Pigments Industries served: Textile, Paint and Coatings and Paper Product group Market share Competition (2021-22) Textile dyes Significant (India) India (>100), Asia, Europe Insignificant (World) HP pigments Insignifi
Slide 73: Sales
Sales Growth drivers (`211 cr) Denim ` cr 802 40 % 626 591 Workwear 36 % 2019-20 2020-21 2021-22 Paint and Coatings 10%
Slide 74: Opportunity landscape
Opportunity landscape Speciality Textile dyes Textile chemicals HP pigments Solvent colors intermediates World, $ bn 6.2 9.0 5.4 1.4 0.5 CAGR 3% 4% 4% 3% 5% India, $ mn 450 320 150 100 30 CAGR 4% 6% 5% 3% 6% Source: Technopak, WTO, DMAI, Markets and market reports, Persistence market research report
Slide 75: Unutilised capacity
Unutilised capacity Unrealised sales potential: `185 cr
Slide 76: Projects under implementation
Projects under implementation Product group Investment Sales at full capacity ` cr ` cr Vat dyes and others `96 cr `116 cr
Slide 77: Forward path
Forward path • Increase market share in dyes and pigments • Expand capacity of Vat formulations • Strengthen Reactive dyes range • Prospect JV opportunities for Disperse dyes and Pigments • Commercialise new High Performance Pigments (5) • Enhance product portfolio of textile chemicals through Rudol
Slide 78: Rudolf Atul Chemicals Ltd
Rudolf Atul Chemicals Ltd ` cr 120 Growth drivers (`32 cr): Continuous bleaching with emerging segment of knits 88 processing 81 Sustainable processing solutions in dyeing: Alkali Buffers | Sugar based washing agent Highest volumes for PFC free durable water repellents Yarn lubricants and re
Slide 79: Sustainability approach
Sustainability approach BIONIC-FINISH ECO® Ecologically optimized finish based on dendrimer, which are capable of building up crystal structures, that produce wash and highly abrasion-resistant, water-repellent effects. BIO-LOGIC® - Directly from nature Bio-Based DWR Performance from Natural Sources
Slide 80: Risks and mitigation
Risks and mitigation Risks Mitigation • Dependence on China for key RMs and Intermediates (~20%) • Initiate in - house production of key intermediates • Response to frequent changes in market requirement • Enhance compliance related in-house testings • High Inventory Levels • Improve system based fo
Slide 81: Life Science Chemicals: Crop Protection
Life Science Chemicals Sub segment: Crop Protection – Bulk Actives and Crop Protection – Retail Product groups: Fungicides, Herbicides and Insecticides Industries served: Crop protection chemicals, agriculture, lawn and garden industries Product Market share (2021-22) Competition 2,4-D and downstrea
Slide 82: Sales
Sales ` cr 751 597 465 153 173 106 2019-20 2020-21 2021-22 CP Bulk actives CP Retail
Slide 83: Opportunity landscape
Opportunity landscape Population growth and rising income drive growth Growing demand for food grains drives consumption of in consumption of major food grains fertilisers, pesticides and nutrients World population growth Production growth 2005 - 2050 10 9.2 bn 9 3,009 8 7 bn Quantity in million ton
Slide 84: Projects under implementation
Projects under implementation Product group Investment Sales at full capacity ` cr ` cr Intermediates `130 cr `108 cr Small packs, Retail `17 cr - *sales
Slide 85: Forward path
Forward path Bulk actives: Expand capacities for existing products Expand geographical reach through new registrations Backward integrate existing products Develop new products Retail: Generate demand and build brand Expand portfolio Rationalise channel Enhance team capability
Slide 86: Risks and mitigation
Risks and mitigation Risks Mitigation Business dependent on weather and pest attack Increase geographical presence and expand product portfolio High dependence on herbicides Develop insecticides and fungicides Disruptions due to health, safety and environment Continue intensive training
Slide 87: Our brands
Our brands insecticides insecticides herbicides bio-stimulants fungicides
Slide 88: Life Science Chemicals: Pharmaceuticals
Life Science Chemicals Sub segment: Pharmaceuticals Product groups: APIs and API intermediates Industries served: Pharmaceutical Product group Market share Competition (2018-19) APIs and API intermediates Insignificant (world) India, Asia, Europe, North America Dapsone 50% India, Europe Phosgene che
Slide 89: Sales
Sales* ` cr 242 226 183 2019-20 2020-21 2021-22 * all figures are inclusive of ABL sales
Slide 90: Pharmaceutical market size
Pharmaceutical market size Source: IQVIA Global Report MIDAS April 2021 *Excluding China and Japan
Slide 91: Opportunity landscape
Opportunity landscape The size of the world Pharmaceutical industry is estimated at USD 1.25 tn. Global pharma market expanding to US$1.7 tn by 2025, led by Pharmerging markets The market is expected to reach $1.7 billion in 2025 at a CAGR of 8%. EU5 14% Size: US$152 bn CAGR 17–21: 1 – 4% US 41% Siz
Slide 92: Opportunity landscape
Opportunity landscape Generics are taking an increased market share globally Europe: 47% 62% Japan: 31% 40% North America: 52% 70% Europe: 26% 29% Japan: 16% 18% North America: 16% 23% Africa | Middle East: 52% 70% Asia | Australia: 74% 71% Africa | Middle East: 52% 70% Asia | Aust
Slide 93: Growth drivers and inhibitors
Growth drivers and inhibitors Growing and ageing population Increasing access of pharmaceuticals of poor and Increasing cost controls in key pharma markets middle class families due to their rising disposable Tightening of government policies Drivers income Decreasing R&D expenditure due t
Slide 94: Unrealised capex
Unrealised capex Unrealised sales potential: `150 cr (to be realised in about 2 years)
Slide 95: Forward path
Forward path • Increase API (10) sales • Qualify new products (7) • Expedite customer approvals • File DMFs (5) from Ambernath site • Increase CRAMS business with strategic customers
Slide 96: Risks and mitigation
Risks and mitigation Risks Mitigation Fluctuations in Forex Hedge receivables Changes in regulatory requirements Track the changes and train people Long qualification process Initiate qualification process early
Slide 97: Performance and other Chemicals: Polymers
Performance and other Chemicals Sub segment: Polymers – Performance Materials Product groups: Epoxy resins, Curing agents, Reactive diluents, Accelerators and catalysts, Flexibilisers, Sulfones Industries served: Adhesives, Aerospace and Defence, Automotive, Composites, Construction, Electrical and
Slide 98: Sales
Sales ` cr 1348 926 728 2019-20 2020-21 2021-22
Slide 99: Opportunity landscape
Opportunity landscape Paint and Coatings Composites Electrical and Electronics 7% ` ‘000 cr 4% 7% 36 29 14 33 25 13 2021-22 2023-24 2021-22 2023-24 2021-22 2023-24 Applications Applications Applications Protective coatings Wind blades Transformers Can and coil coatings Automobile Switchgears Powder
Slide 100: Forward path
Forward path • Expand liquid epoxy resins and reactive diluents capacity (6) • Focus on specialty resins - multifunctional, Bis F, epoxy phenol novalac and distilled resins • Expand 4,4’ Dichlorodiphenyl sulfone capacity • Focus on Wind blade segment
Slide 101: Risks and mitigation
Risks and mitigation Risks Mitigation Price and margin sensitive business Optimise product and customer portfolio Fluctuations in forex Increase exports in epoxy Supply disruptions for critical raw materials Develop alternate vendors Reduce country dependence Enter into annual contra
Slide 102: Our brands
Our brands inception of Polymers - Retail 2008 2010 2017 acquisition of Polygrip launch of Lacare and Epoguard
Slide 103: Our brands
Our brands Atul offers high quality epoxy resins, synthetic rubber and polyurethane adhesives and maintenance products We take pride in delivering products and offering solutions for a number of industries | areas including automobiles, bangles, construction, foam and furnishing, flooring, furniture
Slide 104: Sales
Sales ` cr Sales 211 148 136 2019-20 2020-21 2021-22
Slide 105: Life Science Chemicals: Floras
Life Science Chemicals Sub segment: Floras Industries served: Food and Nutrition
Slide 106: Sales
Sales ` cr 47 41 29 2019-20 2020-21 2021-22
Slide 107: Agriculture scenario
Agriculture scenario Global agribusiness industry: US$3.5 tn Global population is expected to be 9.7 billion by 2050 India: 16.8% of world’s population with only 4.2% of water and 2.3% of land Agriculture, forestry and Fisheries constitutes 15% of India’s GDP (world average is 4.2%) More t
Slide 108: World date palm plantation
World date palm plantation (lakh hectares) Increase % increase Country 2018 2019 2020 2020 vs 2019 2020 vs 2019 Iraq 2.15 2.13 2.45 0.32 15.0 Algeria 1.68 1.69 1.70 0.01 0.6 Iran 1.82 1.60 1.54 -0.06 -3.8 Saudi Arabia 1.16 1.37 1.52 0.15 10.9 Pakistan 0.98 0.99 1.06 0.07 7.1 Tunisia 0.65 0.63 0.72 0
Slide 109: Greening the deserts…
Greening the deserts… A journey that began in 2008 endeavours to improve the economy an d ecology of the arid regions Plan tation Fruiting [ Yr 4 ] Barren [ Yr 0 ] G rowth
Slide 110: Technology transfer agreement (with the UAE University)
Technology transfer agreement (with the UAE University)
Slide 111: Growth stages
Growth stages In lab Hardening in greenhouses and shade nets In field In-vitro Acclimatisation Primary Secondary Field plantation Fruiting hardening hardening Initiation Multiplication Elongation Rooting Stages 1-4 Stage 5 Stage 6 Stage 7 Stage 8 Stage 9
Slide 112: Demonstration farms (Jaisalmer and Bikaner)
Demonstration farms (Jaisalmer and Bikaner) Plantation 5 years old Flowering Fruiting
Slide 113: Atul Rajasthan Date Palms Ltd
Atul Rajasthan Date Palms Ltd Jodhpur
Slide 114: Production
Production
Slide 115: In-vitro
In-vitro Bud proliferation Multi-cultures in growth room Shooting Rooting
Slide 116: Ex-vitro hardening
Ex-vitro hardening
Slide 117: Atul farms, Jaisalmer
Atul farms, Jaisalmer
Slide 118: Certifications
Ss 8 = o Oo a iy a ATUL LTD. Gil — Tiernan e Sirens Vertes Cecaron Hong SAS — UK Branch cers that re Seti of be above ovat Res boon sucaed ona und fe requramert fre Mandgerran Sytem once “ceed oar ‘Sensor Meregeront ‘be naccoraarce wis te ISO 14001:2015 Scape cl earvisaton [a Certifications Departme
Slide 119: Market reach
Market reach G lobal India Particulars Numbers Particulars Numbers Countries 35 States 20 Acres > 75,000 Acres 7,897 Plants > 4 million Plants 4,41,688 Beneficiaries >250 Beneficiaries 2395 Gujarat Rajasthan Particulars Numbers Particulars Numbers Districts 26 States 24 Acres 4,551 Acres 2,802 Plant
Slide 120: DPD Ltd, UK
DPD Ltd, UK i]
Slide 121: DPD Ltd, UK (Expansion)
DPD Ltd, UK (Expansion)
Slide 122: Date Delights
DATE DELIGHTS le Complete food for a healthy family High vitamins | Free from cholesterol | Good source of fiber, iron and potassium * Chocolate date * Date beverage * Date chutney * Date crush * Date fruit * Date health bar * Date jam * Date pickle * Date powder * Date pulp
Slide 123: Socio – Ecological – Economic impact
Socio – Ecological – Economic impact • Create wealth in arid regions • Regain the lost bio-diversity of the Thar desert and Rann of Kutch • Develop a modern date industry in India • Combat desertification • Improve carbon foot print • Improve livelihoods of farmers • Generate rural employment • Crea
Slide 124: Contact us
Contact us Website LinkedIn Facebook Atul Ltd Atul 396 020, Gujarat India investors@atul.co.in | (+91 2632) 230000