Sharda Cropchem Ltd. · NSE:SHARDACROP
Sharda Cropchem — Q3 FY2016 Earnings Presentation
16 slides from Sharda Cropchem's earnings presentation, February 2016
Slide 1: Q3 & 9M FY16 Results Update
Q3 & 9M FY16 RESULTS UPDATE FEBRUARY 2016
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, financ
Slide 3: Discussion Summary
DISCUSSION SUMMARY Q3 & 9M FY16 Results Highlights Q3 & 9M FY16 Consolidated Financials About Us Business Model Business Strategy & Outlook 3
Slide 4: Q3 & 9M FY16 Results: Key Highlights
Q3 & 9M FY16 RESULTS: KEY HIGHLIGHTS Q3 FY16 YoY ANALYSIS REVENUES & GROSS MARGIN EBITDA & EBITDA MARGIN * PAT & PAT MARGIN 33.1% 4.7% 27.8% 13.7% 2.8% 6.2% 1,845.9 1,795.4 246.1 83.5 -2.7 % 114.0 % 52.5 59.1 % 115.0 Q3 FY15 Q3 FY16 Q3 FY15 Q3 FY16 Q3 FY15 Q3 FY16 Revenues Gross Margin % EBITDA EBIT
Slide 5: Q3 FY16 Results: Key Highlights
Q3 FY16 RESULTS: KEY HIGHLIGHTS FINANCIAL UPDATE - • Q3 FY16 Total Revenues marginally declined by 2.7% YoY primarily due to volume de-growth of 3.9%, partially offset by positive change in price/product/region mix and favourable currency movement. The company has strategically reduced its exposure
Slide 6: Q3 & 9M FY16 Results: Revenue Analysis
Q3 & 9M FY16 RESULTS: REVENUE ANALYSIS Q3 FY16 YoY % CHANGE IN REVENUE FROM OPERATIONS Volumes Impact -3.9% Price/Product/Region Mix Impact -2.5% 0.3% Currency Impact 1.1% 9M FY16 YoY % CHANGE IN REVENUE FROM OPERATIONS Volumes Impact 6.1% Price/Product/Region Mix Impact -3.6% Currency Impact -5.2%
Slide 7: Q3 & 9M FY16 Results: Revenue Analysis
Q3 & 9M FY16 RESULTS: REVENUE ANALYSIS AGROCHEMICALS VS. NON-AGROCHEMICALS GEOGRAPHICAL PRESENCE – AGROCHEMICAL SALES Revenues Agrochemical From Operations 1,838.1 1,792.3 7,205.5 6,945.6 Revenues 1,330.7 1,353.5 5,727.5 5,605.2 20.5% 19.3% 15.4% 19.4% 12.5% 14.1% 27.6% 24.5% 24.6% 17.0% 22.2% 38.5%
Slide 8: Update on Registrations
UPDATE ON REGISTRATIONS REGISTRATIONS AS ON REGISTRATIONS PIPELINE AS ON 31-DECEMBER-2015: 1,626 31-DECEMBER-2015: 786 1,626 773 786 1,543 729 1,409 50 337 336 131 133 325 189 402 443 164 176 387 116 79 84 92 111 74 725 763 342 353 431 623 Mar-15 Sep-15 Dec-15 Mar-15 Sep-15 Dec-15 Europe NAFTA LATAM
Slide 9: Consolidated Profit & Loss Statement
CONSOLIDATED PROFIT & LOSS STATEMENT Particulars (In Rs Mn) Q3 FY16 Q3 FY15 YoY % 9M FY16 9M FY15 YoY% FY15 Revenue from Operations 1,792.3 1,838.1 -2.5% 6,945.6 7,205.5 -3.6% 10,610.6 Other Operating Income 3.1 7.8 -60.5% 16.2 19.0 -14.6% 13.9 Total Revenues 1,795.4 1,845.9 -2.7% 6,961.8 7,224.5 -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 29.01.16 (BSE) Share Price Performance Market capitalization (Rs Mn) 20,308.6 30000.0 CMP Rs 225.1 400 Price (Rs.) 225.1 300 25000.0 No. of shares outstanding (Mn) 90.2 200 Face Value (Rs.) 10.0 20000.0 100 Jan-15 Feb-15 Mar-15 Apr-15 May-15 Jun-15
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% 16.3% 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. Conrad Fernandes Mr. Nilesh Dalvi / Mr. Kapil Jagasia Chief Financial Officer IR Consultant Email: cfernandes@shardaintl.com Email: nilesh.dalvi@dickensonir.com Contact No: +91 22 6678 2800 kapil.jagasia@dickensonir.com Contact No: +91 9819289131 / 9819033209 16