Sharda Cropchem Ltd. · NSE:SHARDACROP
Sharda Cropchem — Q3 FY2015 Earnings Presentation
16 slides from Sharda Cropchem's earnings presentation, February 2015
Slide 1: Third Quarter & First Nine Months FY15 Results Presentation
THIRD QUARTER & FIRST NINE MONTHS FY15 RESULTS PRESENTATION FEBRUARY 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 Q3 & 9M FY15 Results Highlights Q3 & 9M FY15 Consolidated Financials About Us Business Model Business Strategy & Outlook 3
Slide 4: Q3 & 9M FY15 Results: Key Highlights
Q3 & 9M FY15 RESULTS: KEY HIGHLIGHTS In Rs Mn Q3 FY15 YoY ANALYSIS REVENUES & GROSS MARGIN EBITDA & EBITDA MARGIN * PAT & PAT MARGIN 28.7% 27.8% 6.2% 2.8% 1.2% 0.4% 1,845.9 115.0 52.5 1,428.2 29.3 % 195.0 % 17.8 5.4 Q3 FY14 Q3 FY15 Q3 FY14 Q3 FY15 Q3 FY14 Q3 FY15 Revenues Gross Margin % EBITDA EBITD
Slide 5: Q3 & 9M FY15 Results: Key Highlights
Q3 & 9M FY15 RESULTS: KEY HIGHLIGHTS FINANCIAL UPDATE - • 9M FY15 Total Revenues increased by 44.1% YoY to Rs. 7,224.5 mn from Rs. 5,014.9 mn in 9M FY14. • 9M FY15 Gross Profit increased by 44.4% to Rs. 2,344.7 mn from Rs. 1,624.0 mn in 9M FY14. Gross Margin was stable at 32.5% in 9M FY15 compared t
Slide 6: Q3 & 9M FY15 Results: Revenue Analysis
Q3 & 9M FY15 RESULTS: REVENUE ANALYSIS Q3 FY15 YoY % CHANGE IN REVENUE FROM OPERATIONS Volumes Impact 61.5% Price/Product/Region Mix Impact 28.7% -32.2% Currency Impact -0.6% 9M FY15 YoY % CHANGE IN REVENUE FROM OPERATIONS Volumes Impact 32.6% Price/Product/Region Mix Impact 43.8% 12.5% Currency Imp
Slide 7: Q3 & 9M FY15 Results: Revenue Analysis
Q3 & 9M FY15 RESULTS: REVENUE ANALYSIS AGROCHEMICALS VS. NON-AGROCHEMICALS GEOGRAPHICAL PRESENCE – AGROCHEMICAL SALES Total 1,428.1 1,838.1 5,009.6 7,205.5 Total 1,048.4 1,330.5 3,992.6 5,727.5 Revenues Revenues 20.3% 20.5% 23.9% 15.4% 14.9% 12.5% 26.6% 27.6% 38.5% 25.8% 24.6% 34.1% 20.5% 20.9% 73.4
Slide 8: Update on Registrations
UPDATE ON REGISTRATIONS REGISTRATIONS AS ON REGISTRATIONS - FORMULATIONS VS. REGISTRATIONS PIPELINE AS ON 31-DEC-14 : 1,334 ACTIVE INGREDIENTS 31-DEC-14: 601 64 313 173 136 408 92 68 1,161 545 309 Dec-14 Dec-14 Dec-14 Europe NAFTA LATAM RoW Formulations AIs Europe NAFTA LATAM RoW REGISTRATIONS PIPEL
Slide 9: Consolidated Profit & Loss Statement
CONSOLIDATED PROFIT & LOSS STATEMENT Particulars (In Rs Mn) [quarterly unaudited] Q3 FY15 Q3 FY14 YoY % Q2 FY15 QoQ % 9M FY15 9M FY14 YoY % FY14 Revenue from Operations 1,838.1 1,428.1 28.7% 2,662.8 -31.0% 7,205.5 5,009.6 43.8% 7,903.7 Other Operating Income 7.8 0.0 NM 5.3 47.7% 19.0 5.2 262.3% 7.7
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 06.02.15 (BSE) Share Price Performance 300.0 Rs 264.80 Market capitalization (Rs Mn) 23,890 250.0 Price (Rs.) 264.80 200.0 Listing Price No. of shares outstanding (Mn) 90.22 150.0 Rs 156.00 100.0 Face Value (Rs.) 10.00 Sep-14 Oct-14 Nov-14 Dec-14 Ja
Slide 13: About Us: Financial Summary
ABOUT US: FINANCIAL SUMMARY REVENUES EBITDA & EBITDA Margin PAT & PAT Margin CAGR: 23.0% 7,926 8,147 CAGR: 28.3% CAGR: 38.6% 20.8% 21.9% 13.1% 18.5% 19.6% 19.5% 11.1% 10.6% 6,201 9.2% 8.1% 4,494 1,549 1,786 1,069 1,291 687 844 3,559 882 660 289 414 FY10 FY11 FY12 FY13 FY14 FY10 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 & Applied Active Ingredient Formulation & Marketing & Identification Registration Research Manufacturing Packaging Distribution 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