Best Agrolife Ltd. · NSE:BESTAGRO
Best Agrolife — Q2 FY24 Earnings Presentation
18 slides from Best Agrolife's earnings presentation, November 2023
Slide 1: Q2 & H1 FY24 Earnings Presentation
Q2 & H1 FY24 Earnings Presentation Best Agrolife Limited 1
Slide 2: Disclaimer
Disclaimer The Presentation is to provide the general background information about the Company’s activities as at the date of the Presentation. The information contained herein is for general information purposes only and based on estimates and should not be considered as a recommendation that any i
Slide 3: Q2FY24 Highlights
Q2FY24 Highlights “Despite the challenging external environment, we have maintained a strong growth trajectory, with revenue from operations surging by 32% sequentially to reach Rs. 811 crores. This remarkable growth can be attributed to the success of our flagship products, including Ronfen, Tricol
Slide 4: Financial Highlights Q2 FY24
Financial Highlights Q2 FY24 Revenue from operations for Q2 FY24 stood at Rs. 811 cr which grew by 32% QoQ and 16% on YoY basis compared to Rs. 612 cr in Q1 FY24 and Rs. 700 cr in Q2 FY23 EBITDA for the quarter came at Rs. 144 cr up 11% QoQ and de-grew 21% YoY compared to Rs. 130 cr in Q1 FY24 a
Slide 5: Financial Highlights H1 FY24
Financial Highlights H1 FY24 Revenue from operations for H1 FY24 stood at Rs. 1,423 cr which grew by 22% on YoY basis compared to Rs. 1,164 cr in H1 FY23 EBITDA for H1 FY24 came at Rs. 274 cr up 10% YoY compared to Rs. 248 cr in H1 FY23. The improvement in EBITDA was driven by better product mix
Slide 6: Key Business Highlights
Key Business Highlights Product Launch in Q2FY24 BAL Launched 1 Herbicide and 1 Fungicide product during the quarter Fungicide: TriColor (Patented Combination of Trifloxystrobin 10% + Difenoconazole 12.5% + Sulphur 3% Sc) Herbicide: Azaro-Pyroxasulfone 85% WG Other Business Highlights Starte
Slide 7: Key Business Highlights
Key Business Highlights Approvals and Registrations received Q2FY24 Seedlings India has been granted a patent for an invention entitled “Synergistic Granular Herbicidal Composition For Paddy” for a term of 20 years. The company plans to launch the "Orisulam" brand name herbicide as a one-shot solu
Slide 8: Strong revenue growth coupled with improving margins
Strong revenue growth coupled with improving margins Revenue EBITDA PAT Q2 FY24 700 328 254 612 811 183 58 7 130 144 130 31 -8 90 95 Q2 Q3 Q4 Q1 Q2 Q2 Q3 Q4 Q1 Q2 Q2 Q3 Q4 Q1 Q2 FY23 FY23 FY23 FY24 FY24 FY23 FY23 FY23 FY24 FY24 FY23 FY23 FY23 FY24 FY24 H1 FY24 1,164 1,423 248 274 170 185 H1 H1 H1 H1
Slide 9: Glimpse of Differentiated products launched since 2022
Glimpse of Differentiated products launched since 2022 TOMBO A new generation corn herbicide Tembotrione shows a fast efficacy in control of weeds. A first of its kind ternary insecticidal combination of Best It is altd, Agrolife post emergence Ronfen is a singleherbicide that shot solution diss
Slide 10: Glimpse of Differentiated products launched since 2022
Glimpse of Differentiated products launched since 2022 CITIGEN (CTPR) It is a Aplant first of its kind ternary systemic insecticidal insecticide combination that belongs of Best to the group anthranilic diamide, which has a unique mode of action Agrolife ltd, Ronfen is a single shot solution that
Slide 11: Product Launch Plan FY24
Product Launch Plan FY24 HERBICIDE HALOXYFOP + Patent for herbicidal Composition of Haloxyfop + Imazethapyr + chlorimuron Patented IMAZETHAPYR + A very prominent one-shot solution for an important crop like Soyabean. High importance not only in India but in other Product CHLORIMURON soybean-prod
Slide 12: P&L For Q2 & H1 FY24
P&L For Q2 & H1 FY24 Value (INR Cr) Q2 FY24 Q2 FY23 YoY (%) Q1 FY24 QoQ (%) H1 FY24 H1 FY23 YoY (%) Revenue from Operation 811 700 16% 612 32% 1,423 1,164 22% Other Income (3) 1 4 2 1 Total Revenue 808 701 15% 616 31% 1,425 1,165 22% Cost of Goods Sold 597 467 28% 429 39% 1,026 832 23% Employee Bene
Slide 13: Balance Sheet H1 FY24
Balance Sheet H1 FY24 Value (INR Cr) FY 21 FY22 FY23 H1 FY23 H1 FY24 Equity And Liabilities Share Holders Fund 153 330 527 495 706 Non-current Liabilities Long Term Borrowings 73 52 43 42 36 Other Financial Liabilities 2 17 13 9 12 Total Non-current Liabilities 228 399 583 546 755 Current Liabilitie
Slide 14: Improving Return Ratios and Stable balance sheet
Improving Return Ratios and Stable balance sheet ROCE ROE 50% 36% 33% 32% 39% 24% FY21 FY22 FY23 FY21 FY22 FY23 Net Debt to Equity Current Ratio 1.38 0.91 0.82 0.70 1.36 1.35 FY21 FY22 FY23 FY21 FY22 FY23 14
Slide 15: Experienced Management with Domain Knowledge
Experienced Management with Domain Knowledge Management with a cumulative experience of more than five decades Mr. Vimal Kumar Mr. S. B. V. Rama Prasad Mr. P . N. Karlerkar Mr. N Surendra Sai Mr. Sanjeev Kharbanda MANAGING DIRECTOR MANAGING DIRECTOR EXECUTIVE DIRECTOR ( Best Crop Science Pvt Ltd ) H
Slide 16: Outlook
Outlook Revenue Growth ~ 30% EBITDA Margin ~ 20% 1 2 3 4 Launch of new Ramping up Maximizing Building & innovative distribution & backward export products with branded integration to business higher margins products business improve efficiencies 16
Slide 17: Share Information
Share Information Shareholding as on 30th September 2023 Share Information (as on 30th September 2023) BSE Ticker 539660 Market Cap (INR Cr) 2657.31 Others % free-float 49.9% 37.4% Free-float market cap (INR Cr) 1,325.93 Total Debt (INR Cr) 5,94 Promoters Cash & Cash Equivalents (INR Cr)# 57 50.1% S
Slide 18: For queries please contact
For queries please contact: EY Investor Relations Rahul Thakur rahul.thakur@in.ey.com Advait Bhadekar advait.bhadekar@in.ey.com DISCLAIMER This presentation includes certain forward looking statements and information including statements concerning the outlook for business. The statements are based