Pi Industries Limited · NSE:PIIND
Pi Industries — Q4 FY23 Earnings Presentation
25 slides from Pi Industries's earnings presentation, May 2025
Slide 1: PI Industries Ltd. Investor Presentation Q4 FY23 Results
PI Industries Ltd. Investor Presentation Q4 FY23 Results 1
Slide 2: Agenda
AGENDA CDR India Siddharth Rangnekar • Financial Performance siddharth@cdr-india.com Nishid Solanki • CSM Exports nishid@cdr-india.com Tel: +91 22 6645 1221 /1209 • Domestic Agri Brands Fax: +91 22 6645 1213 PI Industries Limited • Business Model and Strategy Rajnish Sarna r.sarna@piind.com • ESG Cr
Slide 3: Another year of robust overall performance..
Another year of robust overall performance.. Figures in Rs Million Revenue EBITDA PAT Q4FY23 15,656 12% 3,440 13% 2,806 37% FY23 64,920 23% 15,489 35% 12,295 46% Capital efficiency Commercialised Top Decile in terms of Net four new Ranking of Uptick in CSM ~3X increase in sales to Fixed products in
Slide 4: Demand traction in exports driving growth in Q4FY23
Demand traction in exports driving growth in Q4FY23 CONSOLIDATED Fig in Rs Million Q4FY22 Q4FY23 % YOY ▪ Overall 12% Y-o-Y revenue growth Revenue 13,952 15,656 12% ▪ 15% growth in Exports led by price, currency and favourable product mix of ~17% offset by volume decrease of ~2% Gross Margin 44% 45%
Slide 5: Annual financial performance exceeding updated guidance
Annual financial performance exceeding updated guidance Revenue growth ~23% , EBITDA growth ~35% CONSOLIDATED Fig in Rs Million FY22 FY23 % YOY ▪ 26% growth coming from Exports due to scale up of existing products and introduction of 4 new products Revenue 52,995 64,920 23% o Volume growth of ~11% a
Slide 6: Strong Balance sheet with improved capital efficiency..
Strong Balance sheet with improved capital efficiency.. CONSOLIDATED Fig in Million Mar-22 Mar-23 Highlights of FY23 Shareholders Fund 61,204 71,985 Non Current Liabilities 3,225 994 ▪ Total capex for FY23 is Rs. 3,385 million (FY22 Rs. 3,204 million) Long term borrowings 1,699 0 Other long term lia
Slide 7: Continued trend of stellar financial performance with a focus on enhancing shareholder value
Continued trend of stellar financial performance with a focus on enhancing shareholder value Figures in Rs Million Revenue EBITDA PAT 64,920 12,295 CAGR: 23.0% CAGR: 28.0% 15,489 CAGR: 31.6% 52,995 45,770 11,460 8,438 33,665 10,166 7,383 28,409 7,186 4,566 5,764 4,102 Exports FY19 FY20 FY21 FY22 FY2
Slide 8: Global megatrends supporting long-term growth prospects for agriculture and allied sectors
Global megatrends supporting long-term growth prospects for agriculture and allied sectors Global food security will India on track to becoming an economic Secular growth in Global Agchem industry remain at the core powerhouse Global Agrochemical Market Value YoY Growth % Values in (USD Bn) 6.2% 4.7
Slide 9: Several tailwinds to drive demand growth in the domestic Agri input sector
Several tailwinds to drive demand growth in the domestic Agri input sector India usage per ha is low Climate Change India’s Agchem consumption ~600 gm • Yield is dropping and food shortage compared to US ~4.5 Kg • Shorter duration crop • Pest profile is changing Significant Investments in pipeline •
Slide 10: World class R&D set up and technological capabilities enabling future business pipeline
World class R&D set up and technological capabilities enabling future business pipeline State-of-the-art Specialized department of IT Kilo Lab & Pilot Plant R&D experts focusing on advanced Kilo Lab and Pilot Plant R&D Lab at Udaipur data management NABL ISO 17025 Accredited and 500+ GLP certified S
Slide 11: Continued thrust on best-in-class manufacturing practices to ensure uninterrupted scale-up
Continued thrust on best-in-class manufacturing practices to ensure uninterrupted scale-up Fully integrated state-of-art manufacturing Digital Edge facilities Adaptive Controls to optimize Yield, Quality, Energy & Throughput 15 MPPs ISO 9001: 2015 Fully DCS automated plants certification for Quality
Slide 12: Robust product portfolio for all major crops
Robust product portfolio for all major crops HORTICULTURE RICE SOYBEAN WHEAT CHILLI COTTON CORN 12
Slide 13: Strong product pipeline of exclusive solutions to improve farm productivity
Strong product pipeline of exclusive solutions to improve farm productivity Momentum for the introduction of new products to continue Revolutionary insecticide: Herbicide with pre-emergence to Combination Fungicide with JIVAGRO: Bringing technological post-emergence application on Dual action insect
Slide 14: Progressing on strategic path with Twin Acquisitions into Pharma CDMO space
Progressing on strategic path with Twin Acquisitions into Pharma CDMO space committed to building a differentiated pharma play Large addressable global market Acquisitions mark a solid and accelerated beginning.. • Both acquisitions are being made through PI Health Sciences Ltd. (PIHS), a 100% subsi
Slide 15: Reconstitution of the Board and Committees solidifying governance score
Reconstitution of the Board and Committees solidifying governance score • 50% of Board are Independent Directors Mr. Narayan K. Seshadri Mr. Mayank Singhal • 25% Women Directors Non-Independent Non-Executive Vice Chairperson and Chairperson Managing Director • Audit, NRC, CSR, Stakeholder Relationsh
Slide 16: Outlook remains positive…
Outlook remains positive… • Growth to be driven by portfolio of new product launches and the products launched over the last few years Domestic: • “Dual growth engine” with focusing on horticulture segment with enhanced portfolio Focus on portfolio diversification with launch of • Strong pipeline of
Slide 17: Performance underpinned by PI's Compass
Performance underpinned by PI’s Compass Purpose Reimagining a healthier planet Vision Lead with science, technology and human ingenuity to create transformative solutions in life sciences Capabilities Partner centric First to identify and deliver on latent needs of our customers and partners Science
Slide 18: Presence across the Agchem value chain
Presence across the Agchem value chain Strong focus on customer needs and continuous innovation Domestic Agri CSM Exports Brands Regulatory services Marketing & Discovery Development Scale-up Manufacturing Evaluation & Trials & Registrations Distribution Customer Needs Business Strategy Consistent Q
Slide 19: Business model built on the principles of respect for IP and established relationships
Business model built on the principles of respect for IP and established relationships Leading Agchem Distribution India’s largest CRAMS Company Company in India with Domestic Brand Market with majority revenue from Exports Market leading market share in Patented Products certain crops Leveraging ou
Slide 20: Pursuing Multi-pronged growth strategy..
Pursuing Multi-pronged growth strategy.. Build Market Build • Asset Explore and exploit • Customers Value-chain • Expansion • Customer relationship – Add Products • Creation Customer Intimacy untapped chemistry Management – Digitization • Segments Product & areas • Process – Strategic tie ups Custom
Slide 21: Our Pillars of Growth
Our Pillars of Growth Committed & Application Adoption Talent Strategy Empowered modernization of Cloud and Planning Workforce SD WAN Performance Digital Analytics People Leadership connectivity Management Edge First Culture & Learning & 24 x 7 Access S4/ HANA Employee Development Engagement 21
Slide 22: PI's focus on ESG principles is winning accolades.. ranked among the best ESG rated companies globally
PI’s focus on ESG principles is winning accolades.. ranked among the best ESG rated companies globally • Progressing well on the Sustainability • Continued commitment towards UN guiding S&P Global Corporate principles of business and human rights. Sustainability Development Goals for 2025. • Deliver
Slide 23: Rewards and Recognition
Rewards and Recognition Promising Business Leader Golden Peacock Golden Peacock Karkhana Suraksha National CSR Award 2022 Quality Award 2022 Puraskar Award 2023 MR. MAYANK SINGHAL A testament to PI’s constant innovation and A testimony to the recognized by PI’s successful quality standards set the e
Slide 24: Our CSR efforts focused on community welfare & environment
Our CSR efforts focused on community welfare & environment CSR policy directed towards inclusive development that creates value for the society, especially around our plant and farmers across the country Health, Hygiene Women Skill Sustainable Agricultural Education and Sanitation Empowerment Develo
Slide 25: Thank You
Inspired by Science “% ~=Thank You