Sharda Cropchem Ltd. · NSE:SHARDACROP
Sharda Cropchem — Q4 FY21 Earnings Presentation
25 slides from Sharda Cropchem's earnings presentation, May 26, 2021
Slide 1: Cover letter to National Stock Exchange
§hartJa Cropchem Limited Tel. : +91 2266782800 ISO 9001 : 2015 Reg. No: 702949 FAX : +91 2266782828 / 66782808 CIN : L51909MH2004PLC145007 E-mail: offlce@shardaintl.com Regd . Office: Prime Business Park . Dashrathlal Joshi Road , Vile Parle (W), Mumbai - 400056, India. www.shardacropchem.com 26 th
Slide 2: Investor Presentation Q4 & FY21 Results Update
Sharda Cropchem Limited INVESTOR PRESENTATION Q4 & FY21 Results Update
Slide 3: Contents
2 PAGE CONTENTS NO. 03 Q4 & FY21 RESULT HIGHLIGHTS 12 CONSOLIDATED FINANCIALS 15 COMPANY OVERVIEW 20 BUSINESS MODEL 22 BUSINESS STRATEGY & OUTLOOK
Slide 4: Q4 & FY21 Result Highlights
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Slide 5: Q4 FY21: Key Financial Highlights
Q4 FY21: KEY FINANCIAL HIGHLIGHTS 04 In ₹ Mn REVENUES & GM EBITDA & EBITDA MARGIN * PBT & PBT MARGIN PAT & PAT MARGIN 36.3% 31.3% 26.6% 22.6% 15.8% 15.3% 16.2% 12.3% 10,881 8,761 2,331 2,460 1,669 1,417 1,339 24.2 % 5.5 % 1,381 20.8 % 5.5 % Q4 FY20 Q4 FY21 Q4 FY20 Q4 FY21 Q4 FY20 Q4 FY21 Q4 FY20 Q4
Slide 6: FY21: Key Financial Highlights
FY21: KEY FINANCIAL HIGHLIGHTS 05 In ₹ Mn REVENUE & GM EBITDA & EBITDA MARGIN * PBT & PBT MARGIN PAT & PAT MARGIN 30.7% 31.7% 17.5% 19.0% 12.9% 9.6% 9.2% 8.2% 23,956 20,030 4,552 3,095 19.6 % 29.8 % 67.4 % 39.2 % 2,292 3,506 1,849 1,647 FY20 FY21 FY20 FY21 FY20 FY21 FY20 FY21 Revenues grew by 19.6%
Slide 7: Q4 & FY21: Regionwise Revenue Bridge
Q4 & FY21: REGIONWISE REVENUE BRIDGE 06 In ₹ Mn Q4 FY21 REGIONWISE REVENUE BRIDGE FY21 REGIONWISE REVENUE BRIDGE ➢ Europe and NAFTA continues to be the growth engine for Sharda Cropchem
Slide 8: Q4 & FY21: Segmentwise Highlights
Q4 & FY21: SEGMENTWISE HIGHLIGHTS 07 In ₹ Mn Q4 FY21 YoY ANALYSIS: REVENUE BREAKUP FY21 YoY ANALYSIS: REVENUE BREAKUP 10,881 23,956 10,048 8,761 20,585 20,030 8,227 16,850 3,180 3,372 534 834 Agrochemicals Non-Agrochemicals Total Revenue Agrochemicals Non-Agrochemicals Total Revenue Q4FY20 Q4FY21 FY
Slide 9: Q4 FY21: Agrochemicals Business Deep Dive
Q4 FY21: AGROCHEMICALS BUSINESS DEEP DIVE 8 Q4 FY20: Agrochemicals Revenues : 8,227 In ₹ Mn REGION WISE FORMULATION VS. AI PRODUCT WISE AI, 347 Q4 FY21: Agrochemicals Revenues : 10,048 AI, 509 ➢ Product Mix updates: Herbicides ➢ Q4 FY21 Revenue Growth: ➢ Formulation: AI Mix continues to command 52.6
Slide 10: FY21: Agrochemicals Business Deep Dive
FY21: AGROCHEMICALS BUSINESS DEEP DIVE 9 FY20: Agrochemicals Revenues : 16,850 In ₹ Mn REGION WISE FORMULATION VS. AI PRODUCT WISE AI, 1,410 FY21: Agrochemicals Revenues : 20,585 AI, 1,404 ➢ FY21 Revenue Growth: ➢ Formulation: AI Mix ➢ Product Mix updates: Herbicides Europe: 20.0%, NAFTA: 26.0%, FY2
Slide 11: Q4 & FY21: Non-Agrochemical Business Deep Dive
Q4 & FY21: NON-AGROCHEMICAL BUSINESS DEEP DIVE 10 REVENUE BREAKUP: REGIONWISE Europe NAFTA LATAM RoW Europe NAFTA LATAM RoW 19% 17% 18% 32% 32% 27% 28% 3% 37% 7% 7% Q4 FY21 Q4 FY20 FY20 FY21 4% 42% 41% 42% 44% ➢ Europe grew by 35.7% in Q4 FY21 to ₹ 265 mn ➢ Europe grew by 22.4% in FY21 to ₹ 1,076 mn
Slide 12: FY21: Working Capital Update
FY21: WORKING CAPITAL UPDATE 11 WORKING CAPITAL DAYS* NET WORKING CAPITAL DAYS 164 158 164 147 86 68 69 74 FY20 FY21 FY20 FY21 Inventory Days Receivables Days Creditors Days ➢ Net working capital days stood at 86 days in FY21 as against 74 days in FY20 * Calculated on average inventory, receivables
Slide 13: Consolidated Financials
OG Sharda Cropchem Limited Consolidated Financials
Slide 14: Q4 & FY21: Consolidated Profit & Loss Statement
Q4 & FY21: CONSOLIDATED PROFIT & LOSS STATEMENT 13 In ₹ Mn Particulars Q4 FY21 Q4 FY20 YoY % FY21 FY20 YoY% Revenue from Operations 10,881.4 8,760.7 24.2% 23,956.1 20,030.2 19.6% COGS 7,471.5 5,581.4 33.9% 16,359.6 13,886.1 17.8% Gross Profit 3,409.9 3,179.3 7.3% 7,596.5 6,144.1 23.6% Gross Margin %
Slide 15: FY21: Consolidated Balance Sheet
FY21: CONSOLIDATED BALANCE SHEET 14 In ₹ Mn Particulars FY21 FY20 Particulars FY21 FY20 Equities & Liabilities Assets Shareholder's Funds Non-Current Assets Equity and Share Capital 902.2 902.2 Property, Plant and Equipment 208.8 278.2 Other Equity 15,240.8 13,125.7 Goodwill 4.3 4.4 Non-controlling
Slide 16: Company Overview
Sharda Cropchem Limited Company Overview wT = = = _— aie “= - ~~
Slide 17: Company's Snapshot
COMPANY’S SNAPSHOT 16 Agrochemicals Focused Company Asset-Light Business Model Firm Registration Pipeline Intellectual Property (IP) driven company The Company efficiently channelises its time The Company has procured 2,543 registrations* engaged in marketing and distribution of wide and resources f
Slide 18: Geographical Footprints
GEOGRAPHICAL FOOTPRINTS 17 Presence in 80+ countries across Europe, NAFTA, LATAM & RoW FY21 CAPEX: INR 3,090 Mn
Slide 19: Key Financial Performance Indices
KEY FINANCIAL PERFORMANCE INDICES 18 In ₹ Mn REVENUE FROM OPERATIONS EBITDA & EBITDA Margin* PAT & PAT Margin 23,956 19,978 20,030 22.3% 20.2% 16.3% 17.5% 19.0% 13.6% 11.2% 8.8% 8.2% 9.6% 17,066 13,992 4,552 3,454 3,506 2,292 3,124 3,267 1,904 1,908 1,763 1,647 FY17 FY18 FY19 FY20 FY21 FY17 FY18 FY1
Slide 20: Shareholding Structure
SHAREHOLDING STRUCTURE 19 KEY INSTITUTIONAL INVESTORS – 31ST MAR 2021 % HOLDING MARKET DATA AS ON 25TH May 2021 HDFC MF 9.22% Market capitalization (INR Mn) 32,055 4.55% Price (INR) 355.3 L & T Mutual Fund No. of shares outstanding (Mn) 90.2 DSP MF 2.89% Face Value (INR) 10.0 Pinebridge Global 1.96%
Slide 21: Business Model
Sharda Cropchem Limited Business Model
Slide 22: Differentiated Asset Light Business Model
DIFFERENTIATED ASSET LIGHT BUSINESS MODEL 21 Agrochemical Value Chain Sharda’s Operating Area Basic & Applied Active Ingredient Formulation & Marketing & Research Identification Registration Manufacturing Packaging Distribution Sharda’s Model: ASSET LIGHT BUSINESS MODEL Demand Pulled / Customer Driv
Slide 23: Business Strategy & Outlook
22 Business Strategy & Outlook
Slide 24: Business Strategy & Outlook
BUSINESS STRATEGY & OUTLOOK 23 Forward Integration - Build own Sales Force ➢ Leverage market presence and execution capabilities ➢ Adopt the factory-to-farmer approach and be a one-stop solution provider 01 ➢ Strategy on-ground in Mexico, Colombia, Hungary, Spain, Poland, Italy, Portugal, USA & Indi
Slide 25: For Further Queries
FOR FURTHER QUERIES 24 Mr. Ashok Vashisht Mr. Hiral Keniya / Chintan Mehta Chief Financial Officer IR Consultants Email: cfo@shardaintl.com Email: shardacropchem@dickensonworld.com Contact No: +91 22 6678 2800 Contact no: +91 9029662801 / 9892183389 Mr. Abhinav Agarwal Chief Financial Office Email: