Punjab Chemicals & Crop Protection Ltd. · NSE:PUNJABCHEM
Punjab Chemicals & Crop Protection — H1 FY25 Earnings Presentation
31 slides from Punjab Chemicals & Crop Protection's earnings presentation, Oct 28, 2024
Slide 1: Stock exchange filing letter for Investor Presentation
Date: October 28, 2024 BY E FILING The Manager The Manager Department of Corporate Services Listing Department BSE Limited National Stock Exchange of India Limited MUMBAI-400 001 MUMBAI-400 051 Re: BSE Scrip Code: 506618 NSE Scrip Symbol: PUNJABCHEM Sub: Investor Presentation - Financial Overview –
Slide 2: Q2 & H1 FY25 Investor Presentation
Q2 & H1 FY25 Investor Presentation | October 2024 1
Slide 3: Safe Harbour
Safe Harbour This presentation and the accompanying slides (the “Presentation”), which have been prepared by Punjab Chemicals and Crop Protection Ltd (the “Company’), have been solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for
Slide 4: Table of Contents
Table of Contents Result Company Highlights Overview Business Performance Strategy Track Record 3
Slide 5: Result Highlights
AND CROP PROTECTION LTD. 150 9001:2015, ISO 14001:2015 & 1SO 45001:2018 Certified Company ra PUNJAB CHEMICALS Result Highlights
Slide 6: Result Highlights
Result Highlights Q2 FY25 H1 FY25 ₹ 242 Cr ₹ 26 Cr ₹ 12 Cr ₹ 484 Cr ₹ 54 Cr ₹ 26 Cr Revenue EBITDA PAT Revenue EBITDA PAT o Registered a Revenue of Rs. 242.1 Cr in Q2 FY 25 and for H1 FY25 at Rs. 484.4 Cr. Able to maintain overall volumes and marginal decline is due to lower prices. o Gross Margin s
Slide 7: Q2 FY25 Financial Performance
Q2 FY25 Financial Performance (in ₹ cr, except margins) REVENUE GEOGRAPHICAL SPLIT 242 242 Domestic 118 144 242 242 International 124 98 Q2 FY24 Q2 FY25 Q2 FY24 Q2 FY25 EBITDA & EBITDA MARGIN PAT & PAT MARGIN 14.7% 10.6% 7.6% 5.1% 35 18 26 12 Q2 FY24 Q2 FY25 Q2 FY24 Q2 FY25 6
Slide 8: H1 FY25 Financial Performance
H1 FY25 Financial Performance (in ₹ cr, except margins) REVENUE GEOGRAPHICAL SPLIT 524 484 Domestic 253 279 524 484 International 271 205 H1 FY24 H1 FY25 H1 FY24 H1 FY25 EBITDA & EBITDA MARGIN PAT & PAT MARGIN 14.0% 11.1% 7.6% 5.3% 73 40 54 26 H1 FY24 H1 FY25 H1 FY24 H1 FY25 7
Slide 9: Consolidated Profit & Loss Statement
Consolidated Profit & Loss Statement Particulars (In ₹ Cr) Q2 FY25 Q2 FY24 YoY % Q1 FY25 QoQ % H1 FY25 H1 FY24 YoY% Revenue 242.1 242.2 0.0% 242.2 0.0% 484.4 523.5 -7.5% COGS 147.1 143.8 148.1 295.2 326 Gross Profit 95.1 98.4 94.1 189.2 197.5 Gross Profit Margin % 39.3% 40.6% 38.8% 39.1% 37.7% Emplo
Slide 10: Consolidated Balance Sheet Statement
Consolidated Balance Sheet Statement Particulars (In Rs Crs.) Sept’24 Mar’24 Particulars (In Rs Crs.) Sept’24 Mar’24 EQUITY AND LIABLITIES ASSETS Equity Non-Current Assets Equity Share Capital 12.3 12.3 Property, Plant and Equipment 236.7 230.3 Other Equity 339.4 317.9 Capital Work in Progress 13.4
Slide 11: Company Overview
AND CROP PROTECTION LTD. 150 9001:2015, ISO 14001:2015 & 1SO 45001:2018 Certified Company ra PUNJAB CHEMICALS Company Overview
Slide 12: Our Company
Our Company Established in 1975 as Punjab United Pesticides & Chemical Ltd (PUPCL), the company has now evolved into Punjab Chemicals and Crop Protection Ltd. We have separate synergistic Agrochemicals, Pharmaceuticals and Industrial chemical divisions with state-of-the-art manufacturing facilities
Slide 13: Our multi-decade story of growth and value-creation
Our multi-decade story of growth and value-creation Punjab United Pesticides & The Company established a Chemicals Limited was new manufacturing facility The Company extended established as a collaboration The Company diversified its (pharmaceutical product) into contract research and between Excel
Slide 14: Manufacturing Process
Manufacturing Process 2 Manufacturing facilities at Derabassi & Lalru in Punjab | 1 facility in Pune, Maharashtra with food grade certification. Total Reactor Capability to process reactions Capacity: 2000 KL under extreme conditions All manufacturing sites have Highest standards of safety adherence
Slide 15: Synergistic Product Portfolio
Synergistic Product Portfolio Divisions Major chemistries Product Category ▪ Friedel craft ▪ Chlorination ▪ Hydrazine Agrochemicals/ ▪ Hetrocyclic Fungicide, Herbicide. Manufacturing patented ▪ Oxidation Intermediates ▪ Bromination products under long term agreement/ in- ▪ Benzylation ▪ Methylation
Slide 16: Annual Production (MT) & Capacity Utilisation (%)
Annual Production (MT) & Capacity Utilisation (%) Derabassi Lalru 73% 80% 85% 75% 68% 77% 71% 73% 70% 54% 47% 59% 23,797 24,338 22,414 19,914 1,391 1,402 1,345 17,497 1,143 1,018 680 992 12,635 FY20 FY21 FY22 FY23 FY24 H1 FY25 FY20 FY21 FY22 FY23 FY24 H1 FY25 Note : New products have been commercial
Slide 17: R&D Capabilities
R&D Capabilities Advanced R&D facility Both facilities have kilo Adding new chemistry ~40% of the new at both Derabassi & lab & pilot plants for scale skill set enquiries from non- Lalru up & commercial trials. agchem space 01 02 03 04 Focused approach to In-house library with a Investments lined up
Slide 18: Growth Drivers
Growth Drivers Existing products New Products Backward Improvement in New Speciality New Markets Agro Chemicals New Chemistry Integration Efficiency Registration Chemicals • Healthy new product pipeline for launch over next 6-12 months • To increase market share / margin • Regular supplies started f
Slide 19: Environment, Health & Safety Measure
Environment, Health & Safety Measure Stakeholder in new Common Effluent Strong EHS systems, Treatment Plant and also a Waste reduction exercise processes, inspection and member of Common Focusing on process safety taken aggressively with a training to enhance Treatment & Disposal management (PSM) fo
Slide 20: Our Global Clientele
Our Global Clientele Target regions for next leg of growth: Latin America, South Asia, European Union Note: The brand names /logos mentioned are the property of their respective owners and are used here for identification purpose only 19
Slide 21: Leadership Team: Board of Directors
Leadership Team: Board of Directors Mr. Mukesh D. Patel Mr. Shalil Shroff Mr. Vijay Rai Chairman & Managing Non- Executive Non- Non-Executive Non - Director Independent Director Independent Director Ms. Tara Ms. Aruna Bhinge Mr. Sheo Prasad Subramaniam Singh Independent Independent Independent Direc
Slide 22: Leadership Team: Key Management Team
Leadership Team: Key Management Team Mr. Vinod Gupta Mr. Ashish Nayak Ms. Rishu Chatley Dr. Vijay Kaushik Chief Executive Officer Chief Financial Officer Company Secretary Assistant Vice President- R & D • Chemical Engineer, IIT-B & PGPX, IIM-A • Chartered Accountant and has a • Member of Institute
Slide 23: Business Strategy
AND CROP PROTECTION LTD. 150 9001:2015, ISO 14001:2015 & 1SO 45001:2018 Certified Company ra PUNJAB CHEMICALS Business Strategy
Slide 24: Business Model
Business Model Partner for Contract Manufacturing Long term engagement favorable for both parties Faster turnaround Become a solution provider to our customers and expand Identify Niche Products/ Customers with relationship to multiple products Basket of Products Sustainability at core of any busine
Slide 25: Strategic Advantage
Strategic Advantage Low-Cost Manufacturing & Consistent Track Changing Industry Way Operator R&D Capability Record Dynamics Forward By ensuring consistent growth Historical association with MNC Global manufacturers are New Technologies & Integrated Developed an efficient cost in value for all stakeh
Slide 26: Corporate Social Responsibility
Corporate Social Responsibility 25
Slide 27: CSR Initiatives
CSR Initiatives Education Health Community Development 26
Slide 28: Performance Track Record
AND CROP PROTECTION LTD. 150 9001:2015, ISO 14001:2015 & 1SO 45001:2018 Certified Company ra PUNJAB CHEMICALS Performance Track Record
Slide 29: Performance Track Record
Performance Track Record REVENUE (₹ cr) EBITDA (₹ cr) PAT (₹ cr) +27.9% +49.2% +14.2% 1,006 140 84 933 934 123 113 96 61 678 54 550 49 42 11 FY20 FY21 FY22 FY23 FY24 FY20 FY21 FY22 FY23 FY24 FY20 FY21 FY22 FY23 FY24 GEOGRAPHICAL SPLIT (₹ cr) EBITDA MARGIN (%) PAT MARGIN (%) Domestic Export 1,006 15.
Slide 30: Performance Track Record
Performance Track Record CAPITAL STRUCUTURE (₹ cr) WORKING CAPITAL ANALYSIS D/E 0.9x 0.6x 0.4x 0.3x 0.4x 77 32 52 45 44 121 89 95 85 82 92 96 87 81 330 -75 88 281 -85 -80 226 -100 -102 145 98 FY20 FY21 FY22 FY23 FY24 FY20 FY21 FY22 FY23 FY24 Debt Equity Receivable Days Inventory Days Payable Days RE
Slide 31: Thank You
Punjab Chemicals and Crop Protection Ltd. CIN: L24231P81975PLC047063 Mr. Ashish Nayak, Chief Financial Officer investorhelp@punjabchemicals.com Orient Capital Mr. Sumeet Khaitan sumeet.khaitan@linkintime.co.in sumeet.khaitan@linkintime.co.in +91 70213 20701 Ms. Masoom Rateria masoom.rateria@linkinti
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