Dhanuka Agritech Limited · NSE:DHANUKA
Dhanuka Agritech — Investor Presentation (December 2012)
28 slides from Dhanuka Agritech's investor presentation, December 2012
Slide 1: Dhanuka Agritech Limited Corporate Presentation
Dhanuka Agritech Limited Corporate Presentation December, 2012
Slide 2: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Dhanuka Agritech Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any secu
Slide 3: Dhanuka Agritech Limited: An Overview
Dhanuka Agritech Limited: An Overview An INR 500 crores+ revenue agrochemicals (Insecticides, Fungicides, Herbicides, Miticides, Plant Growth Nutrients) company in India, with a market capitalisation of Rs.6500 million One of the fastest growing companies in the sector with a compounded annual reven
Slide 4: Strategic Partnerships
Strategic Partnerships Nissan Chemical Industries Sumitomo Chemical Company Chemtura Agrosolutions Japan Japan USA Hokko Chemical Co Ltd FMC Corporation E.I. Dupont India Private Limited Japan USA (Subsidiary of E.I.Dupont Ltd, USA) The Company enjoys long lasting relationships with its global partn
Slide 5: Key Product Portfolio
Key Product Portfolio • Media, Dunet, Caldan, Omite, Aaatank, Adfyre, Brigade, Insecticides Bombard, Dhanpreet, Dhawa Gold, Markar • Targa Super, Barrier, Craze, Qurin, Weedmar Super, Noweed, Herbicides Ozone, D-Era, Hook WG, Nabood • Vitavax Power, Sixer, Kasu-B, Hi-Dice, Cursor, Hexadhan Plus, Fun
Slide 6: Wide Range of Products
Wide Range of Products The Company has a wide portfolio of over 80 brands and keeps adding new brands every year. Two-thirds of the Company’s sales comprise of specialty molecules and the remaining one-third comprises of generics. The Company has a wide range of agrochemicals to protect all major In
Slide 7: Dhanuka's Top Products
Dhanuka's Top Products Products Category % of revenues Targa Super Herbicide 20% Caldan Insecticide 10% Markar Insecticide 4% Omite Miticide 4% Dhanzyme Granules PGR 3% 7
Slide 8: Our Product Offerings during FY 2011-12 & 2012-13
Our Product Offerings during FY 2011-12 & 2012-13 8
Slide 9: Changing Product Mix
Changing Product Mix Segment-wise Revenue Breakup 100% 6% 10% 11% 10% 80% 27% 33% 32% 31% 60% 13% 13% 12% 10% 40% 53% 49% 20% 45% 46% 0% FY10 FY11 FY12 HIFY13 Insecticides Fungicides Herbicides PGN + Others The herbicides segment is showing robust growth and its share of the total spend is rising as
Slide 10: Management Team
Management Team Chairman; started pesticides Director (Marketing); Masters in business more than 30 years ago; Business Administration from S.P. a philanthropist; a man of vision Jain, Mumbai; oversees the entire with utmost sincerity and devotion; marketing function of the mentors and provides stra
Slide 11: Management Team
Management Team Dr. O.P. Singh; President (R&D), vast Mr. V. K. Bansal; CFO, Chartered experience in new product introductions Accountant, experience of over 20 and strategic partnerships, liaisons with years with Dhanuka, controls entire the agricultural universities financial division and has been
Slide 12: Key Growth Drivers (1/2)
Key Growth Drivers (1/2) Minimum Support Prices, India Crop marketing season (Prices in INR per quintal) Price increase % Crop 2008 2009 2010 2011 2012 (2008-12) •MSP (minimum support prices Paddy 645 850 950 1,000 1,080 67.4% guaranteed by the Government for Red Gram 1,550 2,000 2,300 3,000 3,200 1
Slide 13: Key Growth Drivers (2/2)
Key Growth Drivers (2/2) World World Area Ranking Production Ranking Category (Mn Ha) In Area (Mn tons) In Production •As much as INR 1.2 lakh crores worth of potential crop production in Paddy 44 #1 91 #2 India is destroyed due to insects, Wheat 28 #1 74 #2 Prevention of large fungus and weeds. Mai
Slide 14: Distribution Network
Distribution Network Particulars 5 Years prior Current Total distributors 4,000 7,000 Reach - Districts covered through 450 550 distributors Dhanuka Doctors 750 1,500 14
Slide 15: Financial Performance Summary
Financial Performance Summary (in million Rs.) Particulars FY 08 (A) FY 09 (A) FY 10 (A) FY 11 (A) FY 12 (A) Revenue 2,494.6 3,374.2 4,087.2 4,935.9 5,298.1 EBIDTA 339.8 486.0 588.8 785.2 800.4 PAT 169.2 232.0 363.4 511.1 571.3 Revenue Growth (%) 23.9% 35.3% 21.1% 20.8% 7.3% As % to Sales EBIDTA 13.
Slide 16: Performance at a Glance 1/3
PERFORMANCE AT A GLANCE 1/3 Net Sales (Rs. In Lakhs) Increase in Revenue by Rs. 3,622 60000 Lakhs, which is 7.3% growth over 50000 Previous Year and boosting in Profit 40000 After Tax on regular basis shows incredible prospect of the organization 30000 20000 10000 PAT (Rs. In Lakhs) 6000 0 05-06 06-
Slide 17: Performance at a Glance 2/3
PERFORMANCE AT A GLANCE 2/3 Net Worth Maximizing Wealth: Continuous rise in Net (Rs. In Lakhs) 25000 Worth and Earning Per Share unleashes 20000 potential of the organization 15000 10000 5000 0 Earning Per Share 05-06 06-07 07-08 08-09 09-10 10-11 11-12 (in Rs.) 12,00 10,00 8,00 6,00 4,00 2,00 0,00
Slide 18: Performance at a Glance 3/3
PERFORMANCE AT A GLANCE 3/3 Book Value per equity share (in Rs.) Greater Return: Company declared 50,00 110% dividend for the FY 2011-12 and 45,00 40,00 the Market Price of the Company 35,00 touched all time high of Rs. 140 in the 30,00 25,00 month of October of Current FY 20,00 15,00 10,00 5,00 0,0
Slide 19: Operational Highlights H1FY13
Operational Highlights H1FY13 The net sales of the company has improved by 5.72% QE Sep-12 & 8.13% for HYE Sep-12 yoy despite adverse monsoon scenario. Our share of products with foreign/multinational tie up remains robust with 46.26% of total sales for HYE Sep-12. The share of top 10 brands is 44.3
Slide 20: Financial Highlights
Financial Highlights Quarter Ended Half Year Ended Audited Particulars Sep-12 (in Sep-11 % rise / Sep-12 Sep-11 % rise / 2011-12 cr.) (in cr.) fall (in cr.) (in cr.) fall (in cr.) Net Sales 205.05 193.96 5.72% 312.26 288.79 8.13% 529.19 EBIDTA 31.09 28.31 9.82% 47.32 44.16 7.16% 80.04 % to net 15.22
Slide 21: PAT % to net sales
Quarter Ended Half Year Ended Audited Particulars Sep-12 (in Sep-11 % rise / Sep-12 Sep-11 % rise / 2011-12 cr.) (in cr.) fall (in cr.) (in cr.) fall (in cr.) PAT 23.69 20.97 12.97% 34.90 31.05 12.40% 57.13 % to net 11.55% 10.81% 74 bps 11.18% 10.75% 43 bps 10.79% sales Tax Liability 5.68 5.03 12.92
Slide 22: -283 bps
Quarter Ended Half Year Ended Audited Particulars Sep-12 Sep-11 % rise / Sep-12 (in Sep-11 11-12 % rise / fall (in cr.) (in cr.) fall cr.) (in cr.) (in cr.) EPS (Rs.) 4.74 4.19 13.13% 6.98 6.21 12.40% 11.42 Book Value (Rs.) - - - 49.88 40.29 23.80% 42.90 RONW - - - 27.98% 30.81% -283 bps 26.62% Curr
Slide 23: Product launches
Product launches FY 11-12 FY 12-13 Brigade 8% SC Fluid Wetcit Fuzi Super 10% SC Bombard Lustre Vitavax Ultra 23
Slide 24: Product launches
Product launches Product Description Fuzi Super One of the World’s Best Post-Emergence Rice Herbicide Broad-spectrum systematic and selective Herbicides for Rice which Controls losses in yield of Crops Fluid Acts on the nervous system of Crops and Disrupts muscle function in insects Novel and Unique
Slide 25: Rewards and Recognition
Rewards and Recognition Dhanuka bags a coveted place in ‘Forbes Asia-200 Best under the Billion’ list for two consecutive years. Our Chairman, Mr. R.G. Agarwal receiving a Our MD, Mr. MK Dhanuka, has received leadership award from Mr. Montek Singh multiple awards in agrochemical and Ahluwalia, Deput
Slide 26: Key Players in Indian Agro-Chemical Market
Key Players in Indian Agro-Chemical Market Technicals Formulations Balanced Portfolio Meghmani Organics Insecticide India Rallis India Sabero Organics Dhanuka Agritech Bayer India Punjab Chemicals PI Industries BASF UPL Syngenta Gharda Chemicals 26
Slide 27: Mission of achieving Turnover of INR 1,000 crores
Company has embarked on the mission of achieving Turnover of INR 1,000 crores in the next three years… 27
Slide 28: Contact
Mr. V. K. Bansal Mrs. Shubha Singh Chief Financial Officer Company Secretary vkbansal@dhanuka.com shubhasingh@dhanuka.com Dhanuka Agritech Limited 14th Floor, Building 5A, DLF Cyber Terrace, Cyber City, DLF Phase III, Gurgaon- 122002, Haryana, India Phone - +91-124-3838500 (60 Lines) Fax - +91-0124-
Dhanuka Agritech — Investor Presentation (December 2012) on 6ix