Sharda Cropchem Ltd. · NSE:SHARDACROP
Sharda Cropchem — Q2 FY16 Earnings Presentation
16 slides from Sharda Cropchem's earnings presentation, November 2015
Slide 1: Q2 & H1 FY16 Results Update
Q2 & H1 FY16 RESULTS UPDATE NOVEMBER 2015
Slide 2: Disclaimer
DISCLAIMER This presentation and the following discussion may contain “forward looking statements” by Sharda Cropchem Limited (“Sharda” or the Company) that are not historical in nature. These forward looking statements, which may include statements relating to future results of operations, financia
Slide 3: Discussion Summary
DISCUSSION SUMMARY Q2 & H1 FY16 Results Highlights Q2 & H1 FY16 Consolidated Financials About Us Business Model Business Strategy & Outlook 3
Slide 4: Q2 & H1 FY16 Results: Key Highlights
Q2 & H1 FY16 RESULTS: KEY HIGHLIGHTS In Rs MN Q2 FY16 YoY ANALYSIS REVENUES & GROSS MARGIN EBITDA & EBITDA MARGIN * PAT & PAT MARGIN 31.9% 33.5% 17.3% 9.9% 16.6% 10.2% 2,668.1 265.2 242.2 2,372.4 462.2 393.5 -11.3 % - 14.9 % - 8.7 % Q2 FY15 Q2 FY16 Q2 FY15 Q2 FY16 Q2 FY15 Q2 FY16 Revenues Gross Marg
Slide 5: Q2 FY16 Results: Key Highlights
Q2 FY16 RESULTS: KEY HIGHLIGHTS FINANCIAL UPDATE - • Q2 FY16 Total Revenues declined by 11.3% YoY to Rs. 2,362.9 MN primarily driven by volume growth of 6.0%, largely offset by change in price, product & region mix and unfavourable currency movement. Also, the company has strategically reduced its e
Slide 6: Q2 & H1 FY16 Results: Revenue Analysis
Q2 & H1 FY16 RESULTS: REVENUE ANALYSIS Q2 FY16 YoY % CHANGE IN REVENUE FROM OPERATIONS Volumes Impact 6.0% Price/Product/Region Mix Impact -11.3% -13.0% Currency Impact -4.3% H1 FY16 YoY % CHANGE IN REVENUE FROM OPERATIONS Volumes Impact 10.2% Price/Product/Region Mix Impact -3.9% Currency Impact -9
Slide 7: Q2 & H1 FY16 Results: Revenue Analysis
Q2 & H1 FY16 RESULTS: REVENUE ANALYSIS In Rs MN AGROCHEMICALS VS. NON-AGROCHEMICALS GEOGRAPHICAL PRESENCE – AGROCHEMICAL SALES Total Total 2,662.8 2,362.9 5,367.4 5,153.3 2,160.4 1,903.1 4,396.8 4,251.7 Agrochemical Revenues 18.9% 19.5% 18.1% 17.5% Revenues 12.6% 16.2% 11.7% 12.4% From 23.7% 17.7% 2
Slide 8: Update on Registrations
UPDATE ON REGISTRATIONS REGISTRATIONS AS ON REGISTRATIONS PIPELINE AS ON 30 - SEPTEMBER - 2015: 1,543 30 - SEPTEMBER - 2015: 773 337 133 402 176 79 111 725 353 Sep-15 Sep-15 Europe NAFTA LATAM RoW Europe NAFTA LATAM RoW REGISTRATIONS - FORMULATIONS REGISTRATIONS PIPELINE - CAPEX INCURRED ON VS. ACTI
Slide 9: Consolidated Profit & Loss Statement
CONSOLIDATED PROFIT & LOSS STATEMENT Particulars (In Rs MN) Q2 FY16 Q2 FY15 YoY % Q1 FY16 QoQ % H1FY16 H1FY15 YoY% FY15 Revenue from Operations 2,362.9 2,662.8 -11.3% 2,790.4 -15.3% 5,153.3 5,367.4 -4.0% 10,610.6 Other Operating Income 9.5 5.3 80.3% 3.6 164.4% 13.1 11.2 17.5% 13.9 Total Revenues 2,3
Slide 10: About Us: Company Overview
ABOUT US: COMPANY OVERVIEW Sharda Cropchem Limited is a global crop protection chemical company largely operating across Europe, NAFTA and Latin America across fungicides, herbicides and insecticides. Sharda operates with an asset light business model focused on identification and registration o
Slide 11: About Us: Our Presence
ABOUT US: OUR PRESENCE Agrochemical Operations Diversified business operations across the globe leading to reduced risk of adverse market and seasonal conditions 11
Slide 12: About Us: Shareholding Structure
ABOUT US: SHAREHOLDING STRUCTURE Market Data As on 03.11.15 (BSE) Share Price Performance Current Price Market capitalization (Rs Mn) 24,061.8 400 Rs 266.7 Price (Rs.) 266.7 300 No. of shares outstanding (Mn) 90.2 200 Listing Price Rs 156.0 Face Value (Rs.) 10.0 100 52 week High-Low (Rs.) 408.9 – 24
Slide 13: About Us: Financial Summary
ABOUT US: FINANCIAL SUMMARY In Rs MN REVENUE FROM OPERATIONS EBITDA & EBITDA Margin PAT & PAT Margin CAGR: 24.5% CAGR: 20.7% CAGR: 31.3% 10,611 18.2% 20.0% 18.0% 19.5% 16.2% 9.4% 11.2% 10.8% 14.1% 11.6% 7,777 7,904 6,135 1,111 1,230 1,543 1,727 4,418 1,225 1,400 844 687 806 414 FY11 FY12 FY13 FY14 F
Slide 14: Differentiated Business Model: Asset Light Model
DIFFERENTIATED BUSINESS MODEL: ASSET LIGHT MODEL Agrochemical Value Chain Sharda’s Operating Area Basic & Active Formulation & Marketing & Applied Identification Registration Ingredient Packaging Distribution Research Manufacturing ASSET LIGHT BUSINESS MODEL Sharda’s Model: Traditional Model: Demand
Slide 15: Business Strategy & Outlook
BUSINESS STRATEGY & OUTLOOK Leverage market presence and execution capabilities. Forward Integration - Adopt the factory-to-farmer approach & be a one-stop solution provider. Build own Sales Force Strategy on ground in Mexico, Colombia, South Africa & India . Expand & Strengthen Expand geogr
Slide 16: Thank You
FOR FURTHER QUERIES: THANK YOU Mr. Gautam Arora Mr. Ammeet Sabarwal / Mr. Nilesh Dalvi Chief Financial Officer IR Consultant Email: garora@shardaintl.com Email: ammeet.sabarwal@dickensonir.com Contact No: +91 22 6678 2800 nilesh.dalvi@dickensonir.com Contact No: +91 9819576873 / 9819289131 16