Slide 1: Exchange filing cover letter: Presentation on Financial Results
November 11, 2022 Ref. No.: AIL/SE/68/2022-23 To, BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, Dalal Street, Fort, Bandra Kurla Complex, Bandra (E), Mumbai-400001, MH. Mumbai-400051, MH. Scrip Code: 543534 Symbol: AETHER Dear Madam / Sir, Subject: P
Slide 2: Q2 / FY23 Presentation
Q2 / FY23 Presentation November 11, 2022 AETHER.NS 543534
Slide 3: Why Aether?
Why Aether? The True R&D Driven Growth 1st Time In Story Approach Engines India [8 x 8] Matrix of chemistry / Deep rooted R&D-led product Successfully launched 3 Most of our advanced technology competencies development team comprising business models in 5 years intermediates and specialty developed
Slide 4: Highlights
New Products New product launched under Large Scale Manufacturing business model having end application in pharmaceutical industry. New Customers We have started business with 11 new customers during the quarter across all business models. Highlights Revamped and Expanded R&D Expanded R&D centre has
Slide 5: Quarter Snapshot
Quarter Snapshot 1,466 Our Managing Director, Mr. Ashwin Desai says, “If you have tools, you will have work”. I reiterate his thoughts in the business of Aether, Total Revenue where if you have adequate inventory of Raw Material on hand, you will be able to deliver in time to the customers and that
Slide 6: Snapshot (INR MM)
Snapshot (INR MM) Y-o-Y Q-o-Q Y-o-Y is comparison of Q2FY23 with Q2FY22 Q-o-Q is comparison with previous quarter Q2FY23 and Q1FY23 1.5% 11.8% 1,662 1,466 1,445 1,466 0.9% 10.9% 8.0% 11.2% 433 437 433 486 272 252 272 306 • Revenue • EBITDA • PAT Q2FY23 Q2FY22 Q2FY23 Q2FY22 Q2FY23 Q2FY22 Q2FY23 Q1FY2
Slide 7: Snapshot (INR MM) - Half year
Snapshot (INR MM) HY-o-HY HY-o-HY is comparison of HFY23 with HFY22 5.8% 3,127 2,957 0.8% 0.6% 919 912 578 575 • Revenue • EBITDA • PAT HFY23 HFY22 HFY23 HFY22 HFY23 HFY22
Slide 8: Business Segments
Business Segments 52% 13% 33% Large Contract Research Contract / Scale and Manufacturing Exclusive Manufacturing Services - CRAMS Manufacturing Advanced intermediates and speciality Contract research, scale-up services, Manufacture under contractual chemicals with application across the technology d
Slide 9: Aether Today
Aether Today 33.4% Agro Pharma By Application 5.6% Material Science 45.9% 5.8% Photography 4.0% Coatings 5.3% Others H1-FY23 48.5% 33.0% Export# 52.0% Contract By Business manufacturing By Region Large scale manufacturing 51.5% 13.0% CRAMS Domestic 2.0% Others (#including deemed exports and SEZ Sale
Slide 10: Research and Development
Research and Development R&D has been critical to success and a differentiating factor vis-à-vis competitors Experts at helm of R&D / CRAMS Consistently rising R&D expenditure MARCH-22 SEPT-22 8.4% 7% 6.6% 164 193 4.3% Highly qualified employees, Highly qualified employees, 4.0% including including
Slide 11: Solar Power Plant
Solar Power Plant 16 MW Plant for manufacturing facility 1, 2 and proposed green field project Saving of Rs.14 MM ( approx.) with more then 80% output in the first quarter itself after installation July 2022 Power generation started Offsetting 24000 Tonnes of Carbon Dioxide emission per annum
Slide 12: Expansion - Site 3 Facility
Expansion - Site 3 Facility Civil work already completed Installation of plant, machinery and equipment along with other assets is in progress Located diagonally opposite to the current Manufacturing Facility 2 in GIDC, Sachin, Surat, Gujarat, India December 2022 Additional 3500 MT Facility to be op
Slide 13: IPO Fund Utilisation
IPO Fund Utilisation 1. Capital expenditure is in line with the timeline planned and expect to be complete within mentioned timelines. 2. Working Capital cycle of the company being monitored well for reducing it upto desired levels 3. Aether is a debt free company as all the term loans are fully pai
Slide 14: Financial Results for Q2 of FY23
Financial Results for Q2 of FY23 INR MM Q2FY23 Q1FY23 Q2FY22 H1FY23 H1FY22 FY22 Unaudited Unaudited Audited Unaudited Audited Audited Revenue from operations 1,402 1,600 1,412 3,002 2,913 5,900 Other income 64 62 32 126 44 70 Total income 1,466 1,662 1,445 3,127 2,957 5,970 Cost of goods sold # 682
Slide 15: Balance Sheet
Balance Sheet INR MM FY20 FY21 FY22 H1FY23 INR MM FY20 FY21 FY22 H1FY23 ASSETS EQUITY AND LIABILITIES Non-Current Assets Equity Property, plant and equipment 1,206 2,065 2,355 3,490 Equity share capital 86 101 1,127 1,245 Capital work-in-progress 172 2 577 1,444 Other equity 697 1,642 2,742 10,783 I
Slide 16: Cash Flow Statement
Cash Flow Statement INR MM FY20 FY21 FY22 H1FY22 H1FY23 Cash generated from operations 309 432 284 419 (223) Net cash from operating activities 177 232 (54) 259 (423) Net cash (used in) investing activities (480) (766) (1,509) (345) (1,885) Cash flow from financing activities Net cash used in financ
Slide 17: Corporate Information
Corporate Information
Slide 18: Core Competencies
Core Competencies Chemistry Technology Grignards and Organolithiations Continuous Reaction Ethylene Oxide Chemistry Batch Reaction - Tandem Grignard / Ethylene Oxide High Pressure Reaction Chemistry Technology Isobutylene Chemistry Fixed Bed Reaction Hydrogenation Cryogenic Reaction - Asymmetric Hyd
Slide 19: Phase 1 Phase 2 Phase 3
Phase 1 Phase 2 Phase 3 Concept to Create Create to Build Build to Scale 2013 – 2016 2017 – 2021 2022 onwards • Incorporation of Company • Streamlined manufacturing for 22 products • Site 3 - Construction work almost done, • Vision to create niche in global chemical installation of plant and equipme
Slide 20: Key Pillars
Key Pillars • Bachelor of Chemical Engineering • Bachelor of Chemical Technology - ICT from Institute of Chemical (UDCT, 2005), PhD in Organic Technology (UDCT, 1974) Chemistry from Michigan State • Distinguished Alumni Award by University (USA, 2010) UDCT (2010) • Prior to Aether, project leader in
Slide 21: Experienced Board
Experienced Board Kamalvijay Tulsian Jeevan Lal Nagori Leja Hattiangadi Dr. Amol Kulkarni Chairman, Non-Executive Director Non-Executive Independent Non-Executive Independent Non-Executive Independent Decades of experience in Textile Director Director Director and Chemical Industry Experience 34 yea
Slide 22: SMP and KMP
SMP and KMP • Bachelor’s Science (Purdue Univ. • Diploma Physics and Doctorate of USA) and PhD Organic Chemistry Natural Sciences (PhD), Univ. (Univ. Wisconsin, USA) Hannover (Germany) • > 30 years at The Dow Chemical • Decades of experience in Chemical Company (and subsidiaries) at Industry various
Slide 23: Select Marquee Customer Base – Domestic and Global
Select Marquee Customer Base – Domestic and Global Pharmaceutical Oil and Gas Textiles High performance photography Material Science / Coatings Agrochemical Other Sectors TOSOH FineChem
Slide 24: QEHS
QEHS Quality Environment High standards of quality for products Vibrant infrastructure installed for environment and sustainability efforts To cover To ensure • 100 KLPD in-house zero liquid discharge (ZLD) plant • Triple stage multiple effect evaporator (MEE) Manufacturing Consistent Quality • Mech
Slide 25: QEHS
QEHS Health and Safety Prioritises health and safety of employees • Undertaking hazard and operability studies before commencing commercial production of new products ISO 9001 INDIAN GMP For Quality for Manufacturing • Dedicated team of safety personnel • Mobile application for safety and emergencie
Slide 26: Environmental Social Governance
Environmental Social Governance Environmental Social Governance • Adoption of the green chemistries or • Focused on: • Technically sound and extensively more accurately sustainable chemistry - Education ( especially for girls ) experienced Board members since inception. - Skill development • Transpa
Slide 27: Forward-looking statements disclaimer
Certain statements and opinions with respect to the anticipated future performance of the company in the presentation (“forward - looking statements”), which reflect various assumptions concerning the strategies, objectives and anticipated results may or may not prove to be correct. Such forward -lo