Nacl Industries Ltd · NSE:NACLIND
Nacl Industries — Q2 FY2022 Earnings Presentation
46 slides from Nacl Industries's earnings presentation, Nov 10, 2021
Slide 1: Stock exchange cover letter for investor presentation
“xu, NACL Industries Limited NACL Ref: NACL/SE/2021-22 November 10, 2021 1) BSE Limited 2) National Stock Exchange of India Ltd Phiroze Jeejeebhoy Towers Exchange Plaza, 5thFloor Dalal Street, Plot No.C/1 G Block, Fort, Mumbai, Bandra —Kurla Complex, Bandra (E) Mumbai — 400001 Mumbai-400051. Stock C
Slide 2: NACL Industries Limited Investor Presentation Q2 FY2022
NACL Industries Limited Investor Presentation | Q2 FY2022
Slide 3: Forward Looking Statement
FORWARD LOOKING STATEMENT This presentation contains forward-looking statements, including, but not limited to, the statements and expectations contained in this presentation. Statements herein, other than statements of historical fact, regarding future events or prospects, are forward- looking stat
Slide 4: Table Of Contents
CORPORATE IDENTITY OPERATIONAL HIGHLIGHTS RESULTS SUMMARY PERFORMANCE TRACK RECORD ANNEXURE Table Of Contents SHAREHOLDERS INFORMATION
Slide 5: Corporate Identity
: | CORPORATE IDENTITY
Slide 6: About NACL
ABOUT NACL NACL is an established agrochemical Company Values in India, founded in 1993. The Company started as an Active Ingredient manufacturer and has built a sizable business in Domestic Retail, B2B • Concern and Exports, with many of the customers being • Commitment large MNCs with long-standin
Slide 7: Quick Facts
QUICK FACTS 5 57 30 25+ Million Farmers Branded Geographical Years of ( Customers ) Products Presence Experience 12,500 3 1200+ Retailers Manufacturing Employee Units Strength Investor Presentation 6
Slide 8: Geographical Reach
GEOGRAPHICAL REACH 30 Countries USA 12,500 Retailers Uzbekistan Iran 32 Revenue from International (%) Lebanon Nepal Egypt Taiwan 03 Manufacturing Plants Thailand Sudan Jordan India Costa Rica Yemen Columbia Uganda Ethiopia Ecuador Tanzania Sri Lanka Brazil Zambia Paraguay Myanmar Argentina Australi
Slide 9: Product Portfolio: Technicals
PRODUCT PORTFOLIO Technicals Insecticides Fungicides Herbicides • Profenofos • Myclobutanil • Pretilachlor • Lambda-Cyhalothrin • Propiconazole • Bispyribac Sodium • Imidacloprid • Tricyclazole • Metribuzin • Bifenthrin • Thifluzamide • Clodinafop-Propargyl • Thiomethoxam • Quizalofop ethyl Investor
Slide 10: Product Portfolio: Formulations
PRODUCT PORTFOLIO Formulations Insecticides Fungicides Herbicides Plant Growth Regulators • Profex Super • Ennova • Nagarjuna • Mass • Eraze • N-Double • Atonik • Profex • Monocrown Index • Nagarjuna • Eraze Plus Mix • Gallant EG • Cannon • Force • Nagarjuna Rizostar • Eraze Strong • Rhino • Gallant
Slide 11: Product Launch During Q2
PRODUCT LAUNCH DURING Q2 PEST LOCK PYMET Pest Lock is combination of two active It is a new generation systemic ingredients Pyriproxyfen 5% and insecticide recommended for the Difenthiuran 25% in SE formulation. control of Brown Plant Hopper in Pest Lock is recommended against Paddy. sucking complex
Slide 12: Operational Highlights
Ef) OPERATIONAL HIGHLIGHTS
Slide 13: Operational Highlights for Q2FY22
OPERATIONAL HIGHLIGHTS FOR Q2FY22 ➢ Exports business grew by 73% & 63% over the corresponding quarter & half-year of last year respectively. Good order books for key products from MNCs, encouraging campaigns for contract manufacturing products, improved formulation and trading business have contribu
Slide 14: Results Summary
J RESULTS SUMMARY
Slide 15: Result Summary – Q2FY22
RESULT SUMMARY – Q2FY22 (In ₹ lakhs) Revenue EBITDA PAT 29% 11% 35% 44,285 4,729 2,524 34,417 4,259 1,869 Q2FY21 Q2FY22 Q2FY21 Q2FY22 Q2FY21 Q2FY22 Revenue Breakup (₹ in lakhs) Insecticides Herbicides Fungicides Plant Growth Regulators 32% 7% 39% (2%) Q2FY22 19,360 7,286 15,595 990 Q2FY21 14,704 6,8
Slide 16: Revenue Split – Q2FY22
REVENUE SPLIT – Q2FY22 Q2FY22 Q2FY21 Product Category-wise (%) Product Category-wise (%) Formulation Technical Formulation Technical 4% 5% 22% 24% 32% 22% 49% 48% 57% 60% 13% 15% 30% 19% Insecticides Herbicides Fungicides Plant Growth Regulators Insecticides Herbicides Fungicides Plant Growth Regula
Slide 17: Result Summary – H1FY22
RESULT SUMMARY – H1FY22 (In ₹ lakhs) Revenue EBITDA PAT 29% 23% 64% 76,753 7,883 3,955 59,619 6,397 2,405 H1FY21 H1FY22 H1FY21 H1FY22 H1FY21 H1FY22 Revenue Breakup (₹ in lakhs) Insecticides Herbicides Fungicides Plant Growth Regulators 28% 26% 34% 12% H1FY22 34,784 14,105 24,920 1,249 H1FY21 27,254
Slide 18: Revenue Split – H1FY22
REVENUE SPLIT – H1FY22 H1FY22 H1FY21 Product Category-wise (%) Product Category-wise (%) Formulation Technical Formulation Technical 3% 3% 17% 17% 23% 31% 51% 52% 15% 20% 60% 65% 25% 18% Insecticides Herbicides Fungicides Plant Growth Regulators Insecticides Herbicides Fungicides Plant Growth Regula
Slide 19: Profit and Loss – Q2FY22 (Standalone)
PROFIT AND LOSS – Q2FY22 (Standalone) (₹ in lakhs) Particulars Q2FY22 Q2FY21 Q1FY22 Y-o-Y (%) H1FY22 H1FY21 Y-o-Y (%) Revenue from operations 44,285 34,417 32,468 29% 76,753 59,619 29% Other income 547 258 315 112% 862 580 49% Total Income 44,832 34,675 32,783 29% 77,615 60,199 29% Expenses: (a) Cos
Slide 20: Profit and Loss – Q2FY22 (Consolidated)
PROFIT AND LOSS – Q2FY22 (Consolidated) (₹ in lakhs) Particulars Q2FY22 Q2FY21 Q1FY22 Y-o-Y (%) H1FY22 H1FY21 Y-o-Y (%) Revenue from operations 44,285 34,417 32,468 29% 76,753 59,619 29% Other income 483 259 267 86% 750 581 29% Total Income 44,768 34,676 32,735 29% 77,503 60,200 29% Expenses: (a) Co
Slide 21: Performance Track Record
J PERFORMANCE TRACK RECORD
Slide 22: Historic Quarterly Trend (1/2)
HISTORIC QUARTERLY TREND (1/2) (₹ in lakhs) Revenue from Operations EBITDA and EBITDA Margin 5,00 0 14. 00% 44,285 4,50 0 12.28% 12. 00% 4,00 0 10.78% 10.45% 10.55% 9.62% 34,417 3,50 0 10. 00% 33,043 32,468 8.38% 30,172 7.80% 7.45% 3,00 0 27,663 7.36% 8.0 0% 26,475 7.00% 25,202 2,50 0 23,868 6.0 0%
Slide 23: Historic Quarterly Trend (2/2)
HISTORIC QUARTERLY TREND (2/2) (₹ in lakhs) PBT and PBT Margin PAT and PAT Margin 5.63% 4,00 0 9.0 0% 3,00 0 6.0 0% 8.42% 5.39% 3,50 0 7.60% 8.0 0% 5.09% 2,50 0 5.0 0% 6.65% 7.0 0% 3,00 0 5.81% 6.0 0% 2,00 0 4.37% 4.0 0% 2,50 0 5.35% 3.40% 5.0 0% 1,50 0 3.0 0% 2,00 0 4.0 0% 3.35% 2.11% 3.15% 1,50 0
Slide 24: Financial Performance (1/2)
FINANCIAL PERFORMANCE (1/2) (₹ in lakhs) Revenue from Operations EBITDA and EBITDA Margin CAGR 10.17% CAGR 12.48% 1,19,137 14,0 00 10.61% 12. 00% 1,01,489 8.37% 12,0 00 10. 00% 7.66% 7.44% 84,606 86,549 10,0 00 12,806 8.0 0% 73,411 8,00 0 4.42% 6.0 0% 6,00 0 7,607 4,00 0 7,113 6,777 4.0 0% 2,00 0 3,
Slide 25: Financial Performance (2/2)
FINANCIAL PERFORMANCE (2/2) (₹ in lakhs) Working Capital Days Net Worth 154 41,148 134 131 35,053 27,865 22,588 23,500 79 82 FY17 FY18 FY19 FY20 FY21 FY17 FY18 FY19 FY20 FY21 ROCE and ROE Debt to Equity (x) 20.68% 0.21 0.20 17.57% 15.84% 13.57% 0.16 12.22% 14.04% 6.27% 0.10 4.56% 4.50% 0.09 -3.01% F
Slide 26: Credit Rating
CREDIT RATING Long Term Bank Facilities Short Term Bank Facilities ₹ 400.38 ₹ 115.00 Crores Crores CARE A; Stable CARE A1 (Single A; (A One) Outlook: Stable) Reaffirmed Reaffirmed Investor Presentation 25
Slide 27: Annexure
ANNEXURE
Slide 28: Timeline (1/2)
TIMELINE (1/2) 1994 1995 1996 1998 2001 Commencement of Started exporting The 3rd Technical Project Work on Chemagro International Monocrotophos the products Manufacturing 2nd Technical Limited became Nagarjuna (MCP) commercial manufactured from the block was Manufacturing Block for Agrichem Limited
Slide 29: Timeline (2/2)
TIMELINE (2/2) 2010 2012 2012- 2016 2017 16 Zero Liquid Discharge State-of-the-Art Increased focus on branded Co-marketing partnership Renamed as NACL Industries (ZLD) Plant was Research & business and crop segment with leading Japanese Limited and got listed on NSE. commissioned at the Development
Slide 30: Board of Directors
BOARD OF DIRECTORS Mrs. K Lakshmi Raju Mr. M Pavan Kumar Mr. Sudhakar Kudva Mr. N Vijayaraghavan Mr. Raghavender Mateti Chairperson & Managing Director & Independent Director Non-Executive Director Independent Director Non-Executive Director CEO Mr. Atul Churiwal Mr. Rajesh Kumar Agarwal Mr. Ramkris
Slide 31: Key Management Team
KEY MANAGEMENT TEAM Mr. Amit Tandon Mr. Amit Taparia Mr. G. Jagannadha Rao Mr. Harish Chandra Vice President - Domestic Sales Mr. C. Varada Rajulu Senior VP – SCM, Executive VP – Exports Sales Bijlwan & Marketing Senior VP –Operations Procurement, IT and & Marketing VP – Operations & (Srikakulam and
Slide 32: NACL's Business Model
NACL’S BUSINESS MODEL A state-of-the-art Formulation unit with packaging Knowledge Delivery Based Farmer R&D center facility for handling large capacities of Outreach Programmes across India for liquids, powders and granules empowering farmers Technical manufacturing plant 50+ Branded Products, 47 N
Slide 33: Business Strategy
BUSINESS STRATEGY Tap new geographies Strengthening and Farmer Centric product Human Development Focus on efficient and spread enhancing global development and sales Initiatives to develop and responsible distribution network collaborations approach leadership skills manufacturing Substantial capaci
Slide 34: NACL – A Unique Investment Case
NACL – A UNIQUE INVESTMENT CASE GOVERNANCE RESEARCH & CONSISTENT & LEADERSHIP DISTRIBUTION DEVELOPMENT GROWTH NETWORK 01 Capable R&D team with state-of- 02 Accomplished Board Members and seasoned professional 03 04 Sustained improvement Extensive market reach the-art, GLP accredited facility, to lea
Slide 35: Certificates
CERTIFICATES ICC (Indian Chemical Council) certified to use Responsible Care Logo, for a period of Three Years. Responsible Care certification is increasingly recognized as a differentiator in the Chemical Industry for doing business in Domestic and International market. The R&D facility of NACL Ind
Slide 36: Certificates: ISO and NABL Accreditations
CERTIFICATES ISO ACCREDITATIONS ISO 45001:2018 ISO 14001:2015 ISO 9001:2015 NABL ACCREDITATIONS R&D Facility Ethakota Unit Srikakulam Unit DSIR Investor Presentation 35
Slide 37: Awards and Accolades
AWARDS AND ACCOLADES Best Company of the Greentech Award Suraksha Puraskar Certificate of Best Management Water Management Industry Champion Year 2017 Appreciation Award Award Award 2021 NACL has bagged the NACL’s Srikakulam Unit NACL has been awarded “Greentech Environment has bagged the NACL’s Eth
Slide 38: Key External Drivers of the Business
KEY EXTERNAL DRIVERS OF THE BUSINESS Indian Agrochemical Food Security Exports Government Market Initiative The agrochemicals market in India is According to an estimate, India would In crop protection chemicals, India is The matured agro chemical sector has expected to register 8% CAGR to require m
Slide 39: Research & Development
RESEARCH & DEVELOPMENT Development of New generation, environment friendly and safe formulations R&D labs at Shadnagar and Process development Srikakulam are DSIR recognized. Quality of active ingredients Control labs in the and intermediates above locations and Ethakota are NABL accredited. State-o
Slide 40: Production Capacity
PRODUCTION CAPACITY PRODUCTION CAPACITY Ethakota Unit, AP 12,000 KL Liquid Formulation 5,600 MT Powder Formulation 35,475 MT Granule Formulation Technical Grade 10,000 MT* Srikakulam Unit, AP * Under significant expansion Investor Presentation 39
Slide 41: Capacity Expansion Plans
CAPACITY EXPANSION PLANS NACL is in process of NACL Industries increasing the existing Plant BROWNFIELD Limited, Srikakulam, capacity of 10,000 PROJECT Andhra Pradesh MT/Annum to 25,000 MT/Annum. NACL Multichem Pvt. Ltd, NACL Spec-Chem Limited, Ranasthalam Mandal, CAPACITY Dahej, Gujarat Srikakulam
Slide 42: Development at Dahej Greenfield Project
Development at Dahej Greenfield Project Investor Presentation 41
Slide 43: Sustainability – Environment, Health & Safety
SUSTAINABILITY – ENVIRONMENT, HEALTH & SAFETY Manufacturing Plants Efficient Strong EHS systems, are certified Integrated equipment for processes, inspection Management Systems reduced energy and training who related to quality, consumption. enhance awareness environment, health and ensure practices
Slide 44: Shareholders' Information
SHAREHOLDERS’ INFORMATION
Slide 45: Shareholders Information
SHAREHOLDERS INFORMATION Stock Information (as on 10th November 2021) (As on 30th September 2021) Market Capitalization (₹) 1,433.15 Cr Shareholding Pattern (%) Shares Outstanding 19.78 Cr Free Float 286.63 Cr Symbol (BSE) / (NSE) 524709 / NACLIND 33.86% Stock Performance Chart (as on 10th November
Slide 46: Thank You
NACL Industries Limited Plot No 12-A, C Block, Lakshmi Towers, Nagarjuna Hills, Punjagutta, Hyderabad - 500082, Telangana, India +91-40 -24405100 info@naclind.com https://naclind.com/ S-ancial Technologies Pvt. Ltd. (Investor Relations) 215, Shivshakti Industrial Estate, J. R. Boricha Marg, Lower Pa