Coromandel International Limited · NSE:COROMANDEL
Coromandel International — Investor Presentation (December 2024)
32 slides from Coromandel International's investor presentation, Dec 16, 2024
Slide 1: Investor Presentation
Investor Presentation Dec 16, 2024
Slide 2: Disclaimer
Certain statements made in this presentation may not be based on historical information or facts and may be “forward looking statements,” including those relating to general business plans and strategy of Coromandel International Ltd, its future outlook and growth prospects, and future developments
Slide 3: Coromandel’s Agri presence for over a Century
Coromandel’s Agri presence for over a Century 1906 1961- 81 2000- 10 2020 2010-20 onwards o Coromandel Fertilizers o Farm Inputs Division of EID Parry o Acquired Sabero Organics to o Investment in BMCC, o E.I.D Parry started Senegal for rock phosphate operating 1st Single incorporated by synergistic
Slide 4: Flagship company of Murugappa Group
Flagship company of Murugappa Group Murugappa Group Overview $9.3 Bn $0.9 Bn $41.3 Bn ~83k 29 98 9 Annual turnover Annual net profit Market Cap People Businesses Manufacturing Listed Companies Locations ~38% of group revenue ~27% of group revenue ~34% of group revenue ~1% of group revenue Agricultur
Slide 5: Coromandel: India’s leading Agri solutions Player
Coromandel: India’s leading Agri solutions Player Integrated farm Marketing ~6 million ton Delivering solutions ~13,000 channel partners, Pan India presence solutions play Plant Nutrients & Crop to 20 million farmers 800+ Retail stores Protection products 18 Manufacturing facilities, 44% area under
Slide 6: Track record of strong financial performance
Track record of strong financial performance Revenue (Rs Cr) PAT (Rs Cr) Earnings per Share (Rs/ share) 29,628 2,013 1,641 68.5 8% 22,058 16% 1,528 CAGR 19,111 CAGR 1,329 52.1 55.8 1,065 45.3 14,182 13,22513,137 36.4 11,30611,634 11,127 10,053 10,195 691 720 23.6 24.6 477 365 402 357 16.4 12.6 13.8
Slide 7: Delivering superior shareholders’ returns
Delivering superior shareholders’ returns Indexed Share price movement – 5 yr (Jan 2020 = 100) 320 Amongst the Top value creators 23% CAGR • 5 yrs Annualized stock return: 23% (Nifty 50: 15%) 270 220 Market capitalization (30th Nov 24): Rs. 526 Billion 15% CAGR 170 Strong Balance Sheet 120 • Zero Ne
Slide 8: Our Businesses
Our Businesses CROP NUTRIENTS CROP PROTECTION AGRI SERVICES TECH Retail Drones Crop protection Drone Spraying Green Tech Fertilizers & Specialty Organic fert Nano Bio products SSP Nutrients DAP Advisory CDMO/ Specialty Agri Robotics Chem Insurance Largest Indian NPK player in Private sector Large Cr
Slide 9: Fertilizers: Well placed to maintain Leadership in NPKs
Fertilizers: Well placed to maintain Leadership in NPKs Integrated Operations with strong cost positioning Promoting Balanced Nutrition Plant Capacity NPK (3 plants): 3.5 mil ton Phosphoric acid: 0.5 mil ton SSP (8 plants): 1.0 mil ton Primary sales (mil ton) • Strong cost positioning: Backward • La
Slide 10: Fertilizers: State of the Art Manufacturing Facilities
Fertilizers: State of the Art Manufacturing Facilities Kakinada Capacity: 20 lakh tons Complex Production (lakh ton) Flexibility to manufacture multiple grades Nano Fertiliser Production – 1 Crs Bottles/annum 32.9 33.2 29.8 28.4 28.8 Vizag Capacity: 12.5 LMT IntegratedPhos Acid – 4 LMT & Sulphuric A
Slide 11: Speciality Nutrients: Promoting Resource Efficiency
Speciality Nutrients: Promoting Resource Efficiency Diversified crop based solutions Promoting resource efficiency Plants WSF: 30k mt Liquid fertiliser plant Bentonite Sulphur: 25k mt Sales mix (FY24) • Key segments: Water Soluble Fert, • High Nutrient uptake efficiency: 2x Secondary & Micro nutrien
Slide 12: Retail: Customer value proposition of Quality, Trust & Farm Advice
Retail: Customer value proposition of Quality, Trust & Farm Advice Robust network ensuring last mile connect Integrated approach to Farm prosperity Plant infrastructure Direct connect with 3.3 mil farmers Retail outlets: 800+ Retail team strength: 3000+ Sales mix (FY24) • India's largest Agri retail
Slide 13: Nutrient & Other Allied Business: Segment Performance
Nutrient & Other Allied* Business: Segment Performance Rs Cr Mar-16 Mar-17 Mar-18 Mar-19 Mar-20 Mar-21 Mar-22 Mar-23 Mar-24 CAGR Turnover 10,452 8,913 9,602 11,505 11,550 12,200 16,714 27,162 19,775 8% PBIT^ 595 730 1,014 1,180 1,507 1,654 1,773 2,594 2,166 18% Capex/ non-current assets# 71 37 85 20
Slide 14: Crop Protection: Technical capabilities with global market presence
Crop Protection: Technical capabilities with global market presence Presence in Complex Chemistries Wide network & global registrations Plant infrastructure 3 Technical plants: 90k mt 1 Pilot, 2 Formulation plants 3 NABL approved R&D labs Sales mix (FY24) • 6th largest Indian crop protection player–
Slide 15: Crop Protection: Focus on new product launches
Crop Protection: Focus on new product launches 6 products launched 7 products launched • 1 Herbicide • 3 Herbicides • 1 Fungicide • 2 Fungicides • 4 Insecticides • 2 Insecticides 2022-23 2024-25 2021-22 2023-24 10 new products launched 4 products launched • 1 Herbicide • 3 Insecticides • 1 Fungicide
Slide 16: Bioproducts: Promoting Integrated Pest Management
Bioproducts: Promoting Integrated Pest Management Leaders in Neem extraction Diversified portfolio promoting IPM practices Plant infrastructure 1 R&D center 21 patents, 8 granted Aza capacity: 22.5 mt Captive neem plantation: 700 acre Sales mix (FY24) • Largest neem based bioproducts producer • Glob
Slide 17: Crop Protection Business: Segment Performance
Crop Protection* Business: Segment Performance Rs Cr Mar-16 Mar-17 Mar-18 Mar-19 Mar-20 Mar-21 Mar-22 Mar-23 Mar-24 CAGR Turnover 1,282 1,408 1,662 1,802 1,685 2,084 2,511 2,636 2,457 8% PBIT^ 164 262 269 283 220 347 368 366 290 7% Capex/ non-current assets# 25 55 38 74 56 69 112 156 138 ^before un-
Slide 18: Coromandel’s Key Strengths
Coromandel’s Key Strengths Integrated Operations bringing cost Differentiated products & Service offerings Entrenched market presence competitiveness o Crop based package of practices o Pan India presence: Strong Factory to o Strong supply chain linkages: Mining to o New product turnover index in CP
Slide 19: Technology orientation – Building future play
Technology orientation – Building future play Infrastructure Research focus Partnerships Highlights Patents filed: 158, Granted: 49 R&D team • 7 state-of-the-art R&D centers: • Core R&D disciplines – Inorganic • Open Innovation: IIT Bombay, IIT ~100 Scientists & Researchers Nutrients (2), Crop Prote
Slide 20: Efficient Manufacturing Operations
Efficient Manufacturing Operations Coromandel – Manufacturing Operations NPK/ DAP: 3.5 million ton 3 Plants SSP: 1.0 million ton 8 Plants Water Soluble Fertilizer: 30,000 ton 1 Plant Nano products: 1 crore bottles 1 Plant Crop Protection: 90,000 ton 5 Plants Fertilizer – Complex, SND & Nano Fertiliz
Slide 21: Doing it Responsibly
Doing it Responsibly Environment Resource Efficiency Social Impact Highlights 44% Area under green plantation 61 Dow Jones Sustainability Index • Bird’s Paradise, a birds’ Sanctuary • Desalination plant at Vizag – 6 mlpd • Positively impacting 1 million lives established at Kakinada plant. thru CSR
Slide 22: With firm commitments on Sustainability
With firm commitments on Sustainability Protecting the planet Minimizing Resource Use Inclusive Growth Reduction in Scope 1 & Scope 2 emission intensity Increase the share of renewable energy within Farmer coverage under agricultural support by 25% by 2030 total electrical energy to 20% by 2030 prog
Slide 23: Coromandel Reimagined: Opportunities Ahead
Coromandel Reimagined: Opportunities Ahead 23
Slide 24: Nurturing New Businesses
Nurturing New Businesses • Pioneers in introducing patented Nano technology in agriculture • Capacity: 10,000 kl • ~3 million Nano DAP bottles marketed till date • Coromandel Nanotechnology Center at Coimbatore to drive research in Nano Nano products • Offers Drone based spraying services • Nutrient
Slide 25: Nurturing New Businesses
Nurturing New Businesses • Coromandel holds 45% equity in rock phosphate mines in BMCC Senegal • Phosphate mineral resources ~250 M tons • Can meet upto one-third of Coromandel’s rock requirement • Commissioned fixed processing plant: Production efficiency & rock output BMCC Senegal • Coromandel hol
Slide 26: Strengthening the Core
Strengthening the Core Backward Integration Sul acid plant, Kakinada Phos acid plant, Kakinada: Fixed Processing Plant, Senegal Captive neem plantation, 2000 tpd (2026) 650 tpd (2026) Increase throughput (2025) Cuddalore (700+ acres) Enhancing Capacity Granulation train, Kakinada MPP, Ankleshwar Nan
Slide 27: Strengthening the Core
Strengthening the Core Novel Solutions In-licensing & Partnerships Drone spraying Product to Solutions Biologicals – Microbials, Plant Unique Combinations approach Extract New Markets B2C Exports – SE Asia, Brazil Fertilizer – Pan India play E Com channel Retail Store expansion Existing & New market
Slide 28: Key investments announced
Key investments announced Rs Cr Project name FY25 FY26 FY27 Total Sulphuric acid & Phosphoric acid, Kakinada 450 650 1100 Granulation Plant, Kakinada 200 300 500 Multi Product Plant, Ankleshwar 90 70 160 Investment theme: • Backward integration • Capacity expansion in NPKs • New age products in Crop
Slide 29: Leveraging existing capabilities
Leveraging existing capabilities Ag CDMO & Specialty Chem Phosphate Chemistries Retail – Service expansion • Leveraging know-how in complex • Leveraging Phosphate handling and • Insurance: New subsidiary formed chemistries processing capabilities to build a • Precision advisory – Satellite, Plant st
Slide 30: Investments in Next Gen Technologies
Investments in Next Gen Technologies Aerial Unmanned Systems Climate smart solutions Leveraging fermentation technology Agricultural robots Dhaksha: India’s leading drone player Ecozen: Climate –smart solutions for String Bio: Fermentation technology Xmachines: Autonomous agricultural agriculture &
Slide 31: Key Financials – 10 years’ view
Key Financials – 10 years’ view Rs Cr Details FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 Revenue 11,306 11,634 10,195 11,127 13,225 13,137 14,182 19,111 29,628 22,058 EBITDA ^ 853 767 983 1,256 1,443 1,731 1,984 2,150 2,926 2,399 EBITDA % 8% 7% 10% 11% 11% 13% 14% 11% 10% 11% PAT 402 357 477
Slide 32: Thank you
Corporate Office: For Investor Relations, contact: Coromandel International Ltd., Olympia Terraces, 15B(SP), SIDCO Industrial Estate, Guindy, Thank you Ms Jayashree Satagopan, CFO Mr. Anuj Naithani, GM Chennai – 600032, Tamil Nadu NaithaniA@coromandel.murugappa.com 32 32
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