Yasho Industries Ltd. · NSE:YASHO
Yasho Industries — Q1 FY22 Earnings Presentation
34 slides from Yasho Industries's earnings presentation, August 2021
Slide 1: Yasho Industries Limited Investor Presentation – August 2021
Yasho Industries Limited Investor Presentation – August 2021
Slide 2: Safe Harbour
2 Safe Harbour This presentation and the accompanying slides (the “Presentation”), which have been prepared by Yasho Industries 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 s
Slide 3: Q1 FY22 Highlights
3 Q1 FY22 Highlights
Slide 4: Business Highlights
4 Business Highlights Q1FY22 “We are pleased to report our highest quarterly performance led by better product mix. Total revenue for the quarter stood at Rs 134 crores, a growth of 84% on YoY basis. Our sales volume grew by 73% and EBITDA grew by 97% on YoY basis. Demand for all major chemicals 84%
Slide 5: Financial Highlights
5 Financial Highlights Revenue (Rs. Crs.) EBITDA (Rs. Crs.) PAT (Rs. Crs.) 15.6% 16.7% 3.9% 8.1% Margin +83.8% +96.5% +282.1% 134.1 22.3 10.9 73.0 11.4 2.9 Q1FY21 Q1FY22 Q1FY21 Q1FY22 Q1FY21 Q1FY22 Export (%) Sales Volume (MTPA) EBITDA/ Tonne** (Rs) +73.2% 64.1% 63.8% 2,445 82,976 73,951 1,412 Q1FY2
Slide 6: Highest Quarterly Performance
6 Highest Quarterly Performance Revenue (Rs. Crs.) 134.1 110.2 97.5 87.8 90.5 88.9 82.4 77.9 73.8 73.0 66.2 Q3FY19 Q4FY19 Q1FY20 Q2FY20 Q3FY20 Q4FY20 Q1FY21 Q2FY21 Q3FY21 Q4FY21 Q1FY22 Revenue Includes Other Income
Slide 7: Growing Contribution From Value Added Segments
7 Growing Contribution From Value Added Segments Q1 FY21 Segment-wise Q1 FY22 Segment-wise Revenue Breakup (Rs 71 Cr) Revenue Breakup (Rs 131 Cr) 15% 20% Aroma 23% 27% Food Antioxidant 10% Rubber 10% 16% Lubricant Speciality 27% 21% 31% Q1 FY21 Region-wise Q1 FY22 Region-wise 16% 16% India 36% 36% U
Slide 8: Profit & Loss Statement
8 Profit & Loss Statement Particulars (Rs. In Crs.) Q1 FY22 Q1 FY21 Y-o-Y Q4 FY21 Q-o-Q Revenue from Operation 132.0 72.0 107.4 Other income 2.0 0.9 2.7 Total Revenue 134.1 73.0 83.8% 110.1 21.7% Cost of Material Consumed 84.8 47.6 66.9 Employee's Benefits Expense 7.2 4.6 7.0 Other Expenses 19.7 9.4
Slide 9: Company Overview
9 Company Overview
Slide 10: Yasho Industries Ltd : A Snapshot
10 Yasho Industries Ltd : A Snapshot Manufacturer of Specialty & Technocrat Promoters Performance Chemicals Strong Presence in Global Certifications Over 50 Countries Business Vertical : 5 Total Products : 148 9,200 MT 3 Manufacturing Units in Manufacturing Capacity Vapi, Gujarat
Slide 11: Our Journey from Aromatic Chemicals to Rubber & Lubricant additives
11 Our Journey from Aromatic Chemicals to Rubber & Lubricant additives • Expansion at Unit-2, realigning the • Commenced exclusive • Commenced manufacturing of • Commenced manufacturing of • Upgraded to ISO 9001:2015 products produced at both units operations for Aromatic various Rubber Chemicals va
Slide 12: Diversified Business Portfolio
12 Diversified Business Portfolio Highly Competitive segments Limited Competition, Export Opportunity and Superior Margin Profile Aroma Chemicals Food Antioxidants Rubber Chemicals Lubricant Additives Specialty Chemical Business Verticals Multi-Products Multi-Applications Multi-Reach
Slide 13: Made in India : Delivering Globally
13 Made in India : Delivering Globally Strong Presence in over 50 countries across Exports over 60% FY21 Segment-wise Europe, America, Middle East and Asia. Revenue Breakup (Rs 357 Cr) 15% Aroma 25% 8% Food Antioxidant Rubber 16% 36% Lubricant Speciality FY21 Region-wise Revenue Breakup (Rs 357 Cr)
Slide 14: Large Marquee Clients
14 Large Marquee Clients We are a customer-centric producer, with the ability to deliver as per the specifications desired by our buyers. Serving 1,000+ Clients The Brand Names mentioned are the property of their respective owners and are used here for identification purposes only
Slide 15: Our Facilities are Multipurpose & Multiproduct
15 Our Facilities are Multipurpose & Multiproduct Existing Capacity 3 Units at New Capacity Competitive Edge 9,200 MTPA Vapi, Gujarat 1,800 MTPA • 900 MTPA will be added through debottlenecking and is expected to Strategically located within 200 Kms Unit 1: 3,450 MTPA 01 fully commercialized from Q3
Slide 16: Research & Development is core to our approach
16 Research & Development is core to our approach • Being a specialty chemical company, Our R&D Team is the backbone of the company. It has contributed greatly to the growth and expansion of our company. • Our R&D facility is DSIR certified, thereby having official recognition by the Government • Ou
Slide 17: Committed to Environment
17 Committed to Environment Greening our Operations Our R&D capabilities identify This has helped to reduce Further, the use of process bottlenecks and waste generated at the environment-friendly catalysts undertake specific initiatives to facilities. in the units help in enhance efficiencies. This
Slide 18: Global Certifications : Highly Compliant Manufacturer
18 Global Certifications : Highly Compliant Manufacturer HALAL – certifies various ISO 9001:2015 – products processed by us is registered Quality standards with Jamiat Ulama Halal Foundation (JUHF) Delivering highest quality products across the globe FSSC 22000 – FSSAI – certifies items of food prod
Slide 19: Board of Directors
19 Board of Directors Mr. Vinod Jhaveri Mr. Ashok Malaviya Chairman & Executive Director Non-Executive Independent Director • One of the founding promoters of the Company. He is a Commerce • Commerce graduate from Mumbai University with over 20 years of graduate from Gujarat University experience in
Slide 20: Business Overview
20 Business Overview
Slide 21: Aroma Chemicals
21 Aroma Chemicals Aroma Chemicals Food Antioxidants Rubber Chemicals Lubricant Additives Specialty Chemicals • We are the market leaders for clove oil and its derivatives • Chemicals like fatty esters and natural essential / aroma oils cater to a gamut of personal care products such as cosmetics an
Slide 22: Food Antioxidants
22 Food Antioxidants Aroma Chemicals Food Antioxidants Rubber Chemicals Lubricant Additives Specialty Chemicals • Fatty oils and oil-based foods are prone to auto-oxidation that results in a rancid taste and unpleasant odour • Our antioxidants help inhibit the negative effects of oxidation. • The YA
Slide 23: Rubber Chemicals
23 Rubber Chemicals Aroma Chemicals Food Antioxidants Rubber Chemicals Lubricant Additives Specialty Chemicals • Our range of rubber chemicals is used to manufacture rubber products like tyres, automotive components like hoses, seals, conveyor belts, and others • They are also used in the manufactur
Slide 24: Lubricant Additives
24 Lubricant Additives Aroma Chemicals Food Antioxidants Rubber Chemicals Lubricant Additives Specialty Chemicals • Our Lubricant additives improve the performance of lubricants by providing critical performance parameters • They improve boundary lubricity, extreme pressure properties, inhibit corro
Slide 25: Specialty Chemicals
25 Specialty Chemicals Aroma Chemicals Food Antioxidants Rubber Chemicals Lubricant Additives Specialty Chemicals • These value-added chemicals are used as stabilisers for acrylics, printing inks, UPR resins and fibre composite resins, as cross linkers for thermoplastics urethanes, electroplating ch
Slide 26: Embracing Opportunities
26 Embracing Opportunities Opportunities Our Edge Future Ready • Recognized Global Partner • Capacity Ready for Future Growth • China +1 Opportunity • Strategically located near Port • Continuous Product Development • Strong Domestic Demand • Multi-purpose , Multiproduct Plant • Dedicated R&D Centre
Slide 27: Financial Highlights
27 Financial Highlights
Slide 28: Profit & Loss Statement
28 Profit & Loss Statement Particulars (Rs. In Crs.) FY21 FY20 Y-o-Y Revenue from Operation 359.4 297.1 21.0% Other income 10.1 3.2 Total Revenue 369.5 300.3 23.1% Cost of Material Consumed 233.7 188.5 Employee's Benefits Expense 23.3 20.7 Other Expenses 53.5 48.1 EBITDA 59.1 42.9 37.7% EBITDA Margi
Slide 29: Balance Sheet
29 Balance Sheet ASSETS (Rs. Crs) Mar-21 Mar-20 EQUITY AND LIABILITIES (Rs. Crs.) Mar-21 Mar-20 Non-Current Assets Shareholders Funds 78.9 57.5 Property, Plant and Equipment 103.1 91.3 Shareholder's equity 10.9 10.9 Capital Work-in-Progress 0.0 11.6 Reserve & Surplus 68.0 46.6 Intangible Assets 16.8
Slide 30: Cash Flow Statement
30 Cash Flow Statement Particulars (Rs. Crs.) Mar-21 Mar-20 Net Profit Before Tax 30.8 16.8 Adjustments for: Non Cash Items / Other Investment or Financial Items 27.8 25.7 Operating profit before working capital changes 58.6 42.5 Changes in working capital (19.6) (8.1) Cash generated from Operations
Slide 31: Performance Highlights
31 Performance Highlights Revenue (Rs. Crs.) EBITDA (Rs. Crs.) PAT (Rs. Crs.) 12.5% 12.4% 11.7% 14.3% 16.0% 1.9% 3.1% 3.5% 4.0% 5.8% Margin +16.8% 369.5 +24.4% 59.1 21.5 343.4 300.3 +55.2% 254.2 40.1 42.9 198.4 31.6 11.9 12.1 24.7 8.0 3.7 FY17 FY18 FY19 FY20 FY21 FY17 FY18 FY19 FY20 FY21 FY17 FY18 F
Slide 32: Key Ratios
32 Key Ratios ROE (%) ROCE (%) Net Debt / Equity (x) 26.0% 27.2% 20.5% 6.8 23.5% 17.5% 21.2% 20.9% 15.4% 13.7% 14.1% 3.8 2.9 2.5 1.7 FY17 FY18 FY19 FY20 FY21 FY17 FY18 FY19 FY20 FY21 FY17 FY18 FY19 FY20 FY21 Fixed Asset Turnover (x) Working Capital Days 5.9 191 164 151 3.7 3.6 124 3.4 3.3 104 FY17 F
Slide 33: Way Forward
33 Way Forward Capacity Addition Focusing on High Margin Products • 1,800 MTPA capacity will be added through • Improving our product mix significantly to high debottlenecking and is expected to fully margin Rubber, Lubricant and Specialty products commercialized from Q3FY22 portfolio • We plan to r
Slide 34: Contact Information
Contact Information Company : Investor Relations Advisors : Yasho Industries Ltd. Strategic Growth Advisors Pvt. Ltd. CIN – L74110MH1985PLC037900 CIN - U74140MH2010PTC204285 Mr. Yayesh Jhaveri Mr. Shrikant Sangani / Ms. Pankti Majithia Email - yayesh@yashoindustries.com Email - shrikant.sangani@sgap