Sharda Cropchem Ltd. · NSE:SHARDACROP
Sharda Cropchem — Q1 FY22 Earnings Presentation
21 slides from Sharda Cropchem's earnings presentation, Jul 27, 2021
Slide 1: Cover letter to National Stock Exchange
§harda Cropelleol Limited Tel. : +91 2266782800 ISO 9001: 2015 Reg . No: 702949 FAX : +91 2266782828/66782808 E-mail : office@shardaintl.com CIN : LS1909MH2004PLC145007 Regd . Office : Prime Business Park, Dashrathlal Joshi Road, Vile Parle (W), Mumbai - 400056, India. www.shardRcropchem.com 27th Ju
Slide 2: Investor Presentation Q1 FY22 Results Update
Sharda Cropchem Limited INVESTOR PRESENTATION Q1 FY22 Results Update
Slide 3: Contents
2 PAGE CONTENTS NO. 03 Q1 FY22 RESULT HIGHLIGHTS 09 FINANCIAL PERFORMANCE 11 COMPANY OVERVIEW 16 BUSINESS MODEL 18 BUSINESS STRATEGY & OUTLOOK
Slide 4: Q1 FY22 Result Highlights
Sharda Cropchem Limited Q1 FY22 Result Highlights ~ “ = =r . _— aie “= — ~~
Slide 5: Q1 FY22: Key Financial Highlights
Q1 FY22: KEY FINANCIAL HIGHLIGHTS 04 In ₹ Mn REVENUES & GM EBITDA & EBITDA MARGIN * PBT & PBT MARGIN PAT & PAT MARGIN 29.9% 29.3% 17.1% 12.5% 8.9% 10.7% 7.2% 6,227 6.1% 1,066 3,889 60.1 % 119.4 % 91.6 % 665 36.4 % 381 486 347 279 Q1 FY21 Q1 FY22 Q1 FY21 Q1 FY22 Q1 FY21 Q1 FY22 Q1 FY21 Q1 FY22 Revenu
Slide 6: Q1 FY22: Segmentwise Highlights
Q1 FY22: SEGMENTWISE HIGHLIGHTS 05 In ₹ Mn Q1 FY22 YoY ANALYSIS: REVENUE BREAKUP 6227 5343 3889 3072 817 884 Agrochemicals Non-Agrochemicals Total Q1 FY21 Q1 FY22 ➢ Agrochemicals revenues during Q1 FY22 grew by 73.9% YoY ➢ Non-Agrochemicals revenues during Q1 FY22 grew by 8.2% YoY ➢ Revenue Mix: Agr
Slide 7: Q1 FY22: Agrochemicals Business Deep Dive
Q1 FY22: AGROCHEMICALS BUSINESS DEEP DIVE 06 Q1 FY21: Agrochemicals Revenues : 3,072 In ₹ Mn REGION WISE FORMULATION VS. AI PRODUCT WISE [51%] [29%] AI, 205 [13%] [7%] Q1 FY22: Agrochemicals Revenues : 5,343 [47%] [33%] AI, 565 [16%] [4%] * [ ] %age revenue share ➢ Product Mix updates: Herbicides ➢
Slide 8: Q1 FY22: Non-Agrochemical Business Deep Dive
Q1 FY22: NON-AGROCHEMICAL BUSINESS DEEP DIVE 07 In ₹ Mn REVENUE BREAKUP: REGIONWISE Q1 FY21: Non-Agrochemicals Revenues : 817 Q1 FY22: Non-Agrochemicals Revenues : 884 [42%] [36%] [18%] [44%] [27%] [23%] [6%] [4%] * [ ] %age revenue share ➢ NAFTA grew by 13.5% in Q1 FY22 to ₹ 386 mn ➢ LATAM grew by
Slide 9: Q1 FY22: Working Capital Update
Q1 FY22: WORKING CAPITAL UPDATE 08 WORKING CAPITAL DAYS* NET WORKING CAPITAL DAYS 135 119 121 102 89 88 73 69 Q1 FY21 Q1 FY22 Q1 FY21 Q1 FY22 Inventory Days Receivables Days Creditors Days ➢ Net working capital days stood at 88 days in Q1 FY22 as against 89 days in Q1 FY21 * Calculated on average in
Slide 10: Financial Performance
OG Sharda Cropchem Limited Financial Performance
Slide 11: Q1 FY22: Consolidated Profit & Loss Statement
Q1 FY22: CONSOLIDATED PROFIT & LOSS STATEMENT 10 In ₹ Mn Particulars Q1 FY22 Q1 FY21 YoY % FY21 Revenue from Operations 6,226.8 3,889.0 60.1% 23,956.1 COGS 4,401.5 2,727.4 61.4% 16,359.6 Gross Profit 1,825.3 1,161.6 57.1% 7,596.5 Gross Margin % 29.3% 29.9% (56bps) 31.7% Employee Expenses 100.5 83.9
Slide 12: Company Overview
Sharda Cropchem Limited Company Overview wT = = = _— aie “= - ~~
Slide 13: Company's Snapshot
COMPANY’S SNAPSHOT 12 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 2,570 registrations* engaged in marketing and distribution of wide and resources f
Slide 14: Geographical Footprints
GEOGRAPHICAL FOOTPRINTS 13 Presence in 80+ countries across Europe, NAFTA, LATAM & RoW Q1 FY22 CAPEX: INR 635 Mn
Slide 15: Key Financial Performance Indices
KEY FINANCIAL PERFORMANCE INDICES 14 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 2,292 3,124 3,454 3,267 3,506 1,904 1,908 1,763 1,647 FY17 FY18 FY19 FY20 FY21 FY17 FY18 FY1
Slide 16: Shareholding Structure
SHAREHOLDING STRUCTURE 15 KEY INSTITUTIONAL INVESTORS – 30TH JUN 2021 % HOLDING MARKET DATA AS ON 23RD Jul 2021 HDFC MF 9.20% Market capitalization (INR Mn) 31,095 4.41% Price (INR) 344.7 L & T Mutual Fund No. of shares outstanding (Mn) 90.2 DSP MF 2.89% Face Value (INR) 10.0 52 week High-Low (INR)
Slide 17: Business Model
Sharda Cropchem Limited Business Model
Slide 18: Differentiated Asset Light Business Model
DIFFERENTIATED ASSET LIGHT BUSINESS MODEL 17 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 19: Business Strategy & Outlook
18 Business Strategy & Outlook
Slide 20: Business Strategy & Outlook
BUSINESS STRATEGY & OUTLOOK 19 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 21: For Further Queries
FOR FURTHER QUERIES 20 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: