Punjab Chemicals & Crop Protection Ltd. · NSE:PUNJABCHEM
Punjab Chemicals & Crop Protection — Q4 FY2023 Earnings Presentation
33 slides from Punjab Chemicals & Crop Protection's earnings presentation, May 5, 2023
Slide 1: Revised Investor Presentation filing letter to BSE and NSE
Date: 5th May,2023 BY E FILING The Manager The Manager Department of Corporate Services Listing Department BSE Limited National Stock Exchange of India Limited MUMBAI-400 001 MUMBAI-400 051 Re: BSE Scrip Code: 506618 NSE Scrip Symbol: PUNJABCHEM Sub: Revised Investor Presentation (no change in numbe
Slide 2: Q4 & FY23 Result Presentation
Q4 & FY23 RESULT PRESENTATION May 2023
Slide 3: Safe Harbour
Safe Harbour This presentation and the accompanying slides (the “Presentation”), which have been prepared by Punjab Chemicals & Crop Protection Ltd (the “Company’), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscri
Slide 4: Table of Contents
Table of Contents 01 Result Highlights 02 Company Overview 03 Business Strategy 0 04 Agrochemicals Industry Overview 05 Performance Track Record 3
Slide 5: Result Highlights
Result Highlights
Slide 6: Result Highlights
Result Highlights Q4 FY23 FY23 ₹ 195 cr ₹ 21 Cr ₹ 3 Cr ₹ 1,006 Cr ₹ 123 Cr ₹ 61 Cr Revenue EBITDA PAT Revenue EBITDA PAT • The company achieved a revenue of Rs 195 cr for Q4 FY 23 and Rs 1,006 cr for FY23. This has been in the backdrop of lower demand in the domestic market due to impact of erratic
Slide 7: Q4 FY23 Financial Performance
Q4 FY23 Financial Performance YoY Comparison (In ₹ cr, except margin) REVENUE GEOGRAPHICAL SPLIT -24.6% 259 195 Domestic 129 85 259 195 International 130 110 Q4 FY22 Q4 FY23 Q4 FY22 Q4 FY23 EBITDA & EBITDA MARGIN PAT & PAT MARGIN 13.2% 10.8% 7.5% 1.6% 34 21 19 3 Q4 FY22 Q4 FY23 Q4 FY22 Q4 FY23
Slide 8: FY23 Financial Performance
FY23 Financial Performance YoY Comparison (In ₹ cr, except margin) REVENUE GEOGRAPHICAL SPLIT +7.8% 1006 933 425 Domestic 446 933 1,006 581 International 487 FY22 FY23 FY22 FY23 EBITDA & EBITDA MARGIN PAT & PAT MARGIN 15.0% 12.2% 8.9% 6.1% 140 123 83 61 FY22 FY23 FY22 FY23
Slide 9: Consolidated Profit & Loss Statement
Consolidated Profit & Loss Statement Particulars (In Rs Cr) Q4 FY23 Q4 FY22 YoY % Q3 FY23 QoQ % FY23 FY22 YoY % Revenue 195.0 258.7 -24.6% 260.5 -25.1% 1,006.2 933.5 7.8% COGS 119.4 160.9 165.8 636.2 569.4 Gross Profit 75.6 97.8 94.6 370.1 364.1 Gross Margin % 38.8% 37.8% 36.3% 36.8% 39.0% Employee
Slide 10: Consolidated Balance Sheet
Consolidated Balance Sheet Particulars (In Rs Cr) Mar-23 Mar-22 Particulars (In Rs Cr) Mar-23 Mar-22 EQUITY AND LIABLITIES ASSETS Equity Non-Current assets Equity share capital 12.3 12.3 Property, Plant and Equipment 216.6 206.2 Other Equity 268.4 213.4 Capital work - in - progress 18.6 6.8 Total eq
Slide 11: Company Overview
Company Overview
Slide 12: Our Company
Our Company Established in 1975 as Punjab United Pesticides & Chemical Ltd (PUPCL), the company has now evolved into Punjab Chemicals and Crop Protection Ltd. We have separate synergistic Agrochemicals, Pharmaceuticals and Industrial chemical divisions with state-of-the-art manufacturing facilities
Slide 13: Evolution of PCCPL
Evolution of PCCPL 2022 onwards • Focus on revenue growth from existing and new molecules • Infrastructure upgrade 2016 - 2021 • Strengthen Business development • Strengthen R&D capabilities Innovation • Expand base into complex chemistry 1995 - 2015 Strategic shift in business • Expand supply base
Slide 14: Manufacturing Prowess
Manufacturing Prowess 2 Manufacturing facilities at Derabassi & Lalru in Punjab || 1 facility in Pune, Maharashtra with food grade certification. Derabassi & Lalru plants are certified with ISO 9001:2015 , ISO 14001:2015 and ISO 45001:2018. Pune unit is certified with ISO 22000 Total Reactor Capabil
Slide 15: Synergistic Product Portfolio
Synergistic Product Portfolio Divisions Major chemistries Product Category ▪ Chlorination ▪ Hydrazine Fungicide, Herbicide. Manufacturing patented ▪ Hetrocyclic Agrochemicals/ Intermediates ▪ Bromination ▪ Oxidation products under long term agreement/ in-house R&D ▪ Benzylation ▪ Methylation Above l
Slide 16: Annual Production (MT) & Capacity Utilisation (%)
Annual Production (MT) & Capacity Utilisation (%) Derabassi Lalru 82% 73% 80% 85% 87% 60% 71% 73% 70% 54% 1,610 23,797 24,338 1,391 1,402 1,345 19,914 17,543 17,497 1,143 FY19 FY20 FY21 FY22 FY23 FY19 FY20 FY21 FY22 FY23 Note : 2 new products have been developed and with improved market condition, s
Slide 17: R&D Capabilities
R&D Capabilities Our R&D talent pool 1 Advanced R&D facility at both Derabassi & Lalru 2 Both facilities have kilo lab & pilot plants for scale up & 24 commercial trials. Strength of R&D Team 3 More than 8 products at different development stages 30 Strength by FY24 4 ~40% of the new enquiries from
Slide 18: Product Pipeline
Product Pipeline No. of Category Business Model Product Segment End crop application Targeted Market Stage products Wheat, Corn, Stone fruits, North America, APAC, Reached CRAMS Fungicide, Insecticide 4 Rice, Soyabean, Potatoes, Middle East, Africa, commercial stage Mature molecules Cotton, Paddy wi
Slide 19: Environment, Health & Safety Measure
Environment, Health & Safety Measure Upgraded Effluent Treatment Plant & Plants equipped with Incinerator at Derabassi. occupational health facilities, 1 Lalru facility is being upgraded to 5 professional trained staff and more efficient system with latest instituted practices. technology Member of
Slide 20: Our Global Clientele
Our Global Clientele Target regions for next leg of growth: Latin America, South Asia, European Union
Slide 21: Leadership Team: Board of Directors
Leadership Team: Board of Directors Board Composition Mr. Mukesh D. Patel Mr. Shalil Shroff Chairman & Managing Director Independent Director 50% of the Board members 50% are Independent Directors Capt Surjit Singh Chopra Mr. Vijay Rai (Retd), Independent Director Director Chairman is an Independent
Slide 22: Leadership Team: Key Management Team
Leadership Team: Key Management Team Mr. Vinod Gupta, Mr Ashish Nayak, Ms. Rishu Chatley, Dr Vijay Kaushik, Chief Executive Officer Chief Financial Officer Company Secretary Assistant Vice President- R & D • Chemical Engineer, IIT-B & PGPX, IIM-A • Chartered Accountant and has a bachelor degree of •
Slide 23: CSR Activities
CSR Activities Inauguration of Infrastructure in Computer Lab Tree Plantation Pond Adoption Schools Water Dispenser Medical check up & Donations for Installed in School Eye Camps Orphans and Disabled under CSR
Slide 24: Business Strategy
Business Strategy
Slide 25: Business Model
Business Model Identify Niche Products Partner for Contract Manufacturing • Target ₹ 150-200 cr revenue per product • Offer attractive and cost- effective solution • Target clients - Global Agrochemical/ Specialty • Long term engagement favorable for both parties chemical leaders • • Faster turnarou
Slide 26: Strategic Advantage
Strategic Advantage Manufacturing and Consistent Low Cost Operator R&D Capability Track Record Developed an efficient cost Availability of technically Historical association with competitive process over the trained manpower , Domestic clients helped last decade and are extra production capacity to
Slide 27: Agrochemicals Industry Overview
Agrochemicals Industry Overview
Slide 28: Indian Agrochemicals Industry
Indian Agrochemicals Industry India is the 4th largest producer and a net exporter of agrochemicals and has emerged as the 13th largest exporter of pesticides globally Outlook of pesticides production for technical grade (‘000 tonnes)# * Segments 2021-22 2026-27P CAGR Insecticides 109 ~134 4%-4.5% F
Slide 29: Industry Opportunity
Industry Opportunity Anticipated Growth 2018 → 2025 Opportunity size Capitalising on Opportunity Integrated Pest $ 32 bil → $ 49 bil Biologicals $2.8 bil → $7.1 bil Improvements in formulation, ease of use, shelf life and Management (IPM) CAGR ~ 6.3% CAGR ~ 14.4% spectrum Patent expiry of 100+ agroc
Slide 30: Performance Track Record
Performance Track Record
Slide 31: Performance Track Record
Performance Track Record Revenue (₹ cr) EBITDA (₹ cr) PAT (₹ cr) +38.1% 84 1,006 +16.6% 140 +11.8% 933 123 61 643 678 96 49 550 66 42 17 11 FY19 FY20 FY21 FY22 FY23 FY19 FY20 FY21 FY22 FY23 FY19 FY20 FY21 FY22 FY23 Revenue Split (₹ cr) EBITDA Margin (%) PAT Margin (%) Domestic Export 1,006 15.0 14.1
Slide 32: Performance Track Record
Performance Track Record Capital Structure (₹ cr) Working Capital Analysis (₹ cr) D/E 1.0x 0.9x 0.6x 0.4x 0.3x 52 32 45 44 36 89 95 85 82 92 87 68 81 91 88 281 -80 226 -100 -85 -103 -102 145 91 98 FY19 FY20 FY21 FY22 FY23 FY19 FY20 FY21 FY22 FY23 Debt Equity Receivable Days Inventory Days Payable Da
Slide 33: Thank You
Mr. Nachiket Kale THANK YOU Ashish Nayak Chief Financial Officer nachiket.kale@linkintime.co.in +91 99209 40808 investorhelp@punjabchemicals.com Mr. Bhavya Shah bhavya.shah@linkintime.co.in +91 80827 48577
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