Sharda Cropchem Ltd. · NSE:SHARDACROP
Sharda Cropchem — H1 FY22 Earnings Presentation
25 slides from Sharda Cropchem's earnings presentation, October 2021
Slide 1: Investor Presentation: Q2 & H1 FY22 Results Update
Sharda Cropchem Limited INVESTOR PRESENTATION Q2 & H1 FY22 Results Update
Slide 2: Page Contents
2 PAGE CONTENTS NO. 03 Q2 & H1 FY22 RESULT HIGHLIGHTS 13 FINANCIAL PERFORMANCE 18 COMPANY OVERVIEW 23 BUSINESS MODEL 25 BUSINESS STRATEGY & OUTLOOK
Slide 3: Q2 & H1 FY22 Result Highlights
3 Q2 & H1 FY22 Result Highlights
Slide 4: Q2 FY22: Key Financial Highlights
Q2 FY22: KEY FINANCIAL HIGHLIGHTS 04 In ₹ Mn REVENUES & GM EBITDA & EBITDA MARGIN * PBT & PBT MARGIN PAT & PAT MARGIN 31.1% 28.0% 13.8% 16.1% 6,428 7.1% 6.5% 4.5% 5.0% 1,038 4,248 51.3 % 76.8 % 37.3 % 67.9 % 587 415 320 302 191 Q2 FY21 Q2 FY22 Q2 FY21 Q2 FY22 Q2 FY21 Q2 FY22 Q2 FY21 Q2 FY22 EBITDA g
Slide 5: H1 FY22: Key Financial Highlights
H1 FY22: KEY FINANCIAL HIGHLIGHTS 05 In ₹ Mn REVENUES & GM EBITDA & EBITDA MARGIN * PBT & PBT MARGIN PAT & PAT MARGIN 30.5% 28.6% 13.2% 16.6% 12,655 8.0% 8.5% 5.8% 5.5% 2,104 8,137 55.5 % 96.1 % 66.3 % 1,080 49.2 % 701 1,073 649 470 H1 FY21 H1 FY22 H1 FY21 H1 FY22 H1 FY21 H1 FY22 H1 FY21 H1 FY22 EBI
Slide 6: Q2 & H1FY22: Regionwise Revenue Bridge
Q2 & H1FY22: REGIONWISE REVENUE BRIDGE 06 In ₹ Mn Q2 FY22 REGIONWISE REVENUE BRIDGE H1 FY22 REGIONWISE REVENUE BRIDGE ➢ NAFTA , Europe & LATAM continues to be the growth engine for Sharda Cropchem
Slide 7: Q2 & H1FY22: Segmentwise Highlights
Q2 & H1FY22: SEGMENTWISE HIGHLIGHTS 07 In ₹ Mn Q2 FY22 YoY ANALYSIS: REVENUE BREAKUP H1 FY22 YoY ANALYSIS: REVENUE BREAKUP 6,428 12,655 5,029 10,373 4,248 8,137 3,443 6,515 1,399 2,282 805 1,622 Agrochemicals Non-Agrochemicals Total Agrochemicals Non-Agrochemicals Total Q2 FY21 Q2 FY22 Q2 FY21 Q2 FY
Slide 8: Q2 FY22: Agrochemicals Business Deep Dive
Q2 FY22: AGROCHEMICALS BUSINESS DEEP DIVE 08 Q2 FY21: Agrochemicals Revenues : 3,443 In ₹ Mn REGION WISE FORMULATION VS. AI PRODUCT WISE [23%] [62%] AI, 258 [9%] [6%] Q2 FY22: Agrochemicals Revenues : 5,029 [14%] AI, 308 [43%] [36%] [7%] ➢ Product Mix updates: Herbicides ➢ Q2 FY22 Revenue Growth: ➢
Slide 9: H1 FY22: Agrochemicals Business Deep Dive
H1 FY22: AGROCHEMICALS BUSINESS DEEP DIVE 09 H1 FY21: Agrochemicals Revenues : 6,515 In ₹ Mn REGION WISE FORMULATION VS. AI PRODUCT WISE [26%] [57%] AI, 463 [11%] [6%] H1 FY22: Agrochemicals Revenues : 10,373 [15%] AI, 874 [45%] [34%] [6%] ➢ Product Mix updates: Herbicides ➢ H1 FY22 Revenue Growth:
Slide 10: Q2 FY22: Non-Agrochemical Business Deep Dive
Q2 FY22: NON-AGROCHEMICAL BUSINESS DEEP DIVE 10 In ₹ Mn REVENUE BREAKUP: REGIONWISE Q2 FY21: Non-Agrochemicals Revenues : 805 Q2 FY22: Non-Agrochemicals Revenues : 1,399 [16%] [15%] [45%] [31%] [50%] [30%] [8%] [5%] ➢ NAFTA grew by 95.9% in Q2 FY22 to ₹ 702 mn ➢ Europe grew by 64.7% in Q2 FY22 to ₹
Slide 11: H1 FY22: Non-Agrochemical Business Deep Dive
H1 FY22: NON-AGROCHEMICAL BUSINESS DEEP DIVE 11 In ₹ Mn REVENUE BREAKUP: REGIONWISE H1 FY21: Non-Agrochemicals Revenues : 1,622 H1 FY22: Non-Agrochemicals Revenues : 2,282 [17%] [18%] [43%] [34%] [48%] [29%] [5%] [6%] ➢ NAFTA grew by 55.8% in H1 FY22 to ₹ 1,088 mn ➢ Europe grew by 19.3% in H1 FY22 t
Slide 12: H1 FY22: Working Capital Update
H1 FY22: WORKING CAPITAL UPDATE 12 WORKING CAPITAL DAYS* NET WORKING CAPITAL DAYS 102 98 92 86 71 75 67 73 H1 FY21 H1 FY22 H1 FY21 H1 FY22 Inventory Days Receivables Days Creditors Days ➢ Net working capital days improved to 86 days in H1 FY22 as against 98 days in H1 FY21 * Calculated on average in
Slide 13: Financial Performance
OG Sharda Cropchem Limited Financial Performance
Slide 14: Q2 & H1 FY22: Consolidated Profit & Loss Statement
Q2 & H1 FY22: CONSOLIDATED PROFIT & LOSS STATEMENT 14 In ₹ Mn Particulars Q2 FY22 Q2 FY21 YoY % H1 FY22 H1 FY21 YoY % FY21 Revenue from Operations 6,427.8 4,247.6 51.3% 12,654.6 8,136.6 55.5% 23,956.1 COGS 4,629.4 2,927.7 58.1% 9,030.8 5,655.1 59.7% 16,359.6 Gross Profit 1,798.4 1,319.9 36.3% 3,623.
Slide 15: H1 FY22: Consolidated Balance Sheet
H1 FY22: CONSOLIDATED BALANCE SHEET 15 In ₹ Mn Particulars H1 FY22 FY21 Particulars H1 FY22 FY21 Equities & Liabilities Assets Shareholder's Funds Non-Current Assets Equity and Share Capital 902.2 902.2 Property, Plant and Equipment 178.5 208.8 Other Equity 15,729.8 15,240.8 Goodwill 4.3 4.3 Non-con
Slide 16: Company Overview
Sharda Cropchem Limited Company Overview wT = = = _— aie “= - ~~
Slide 17: Company's Snapshot
COMPANY’S SNAPSHOT 17 Agrochemicals Focused Company Asset-Light Business Model Firm Registration Pipeline Intellectual Property (IP) driven company The Company efficiently channelises its time The Company has procured 2,610 registrations* engaged in marketing and distribution of wide and resources f
Slide 18: Geographical Footprints
GEOGRAPHICAL FOOTPRINTS 18 Presence in 80+ countries across Europe, NAFTA, LATAM & RoW
Slide 19: Key Financial Performance Indices
KEY FINANCIAL PERFORMANCE INDICES 19 In ₹ Mn REVENUE FROM OPERATIONS EBITDA & EBITDA Margin* PAT & PAT Margin 23,956 19,978 20,030 22.3% 20.2% 16.3% 17.5% 19.0% 13.6% 11.2% 8.8% 8.2% 9.6% 17,066 13,992 4,552 2,292 3,124 3,454 3,267 3,506 1,904 1,908 1,763 1,647 FY17 FY18 FY19 FY20 FY21 FY17 FY18 FY1
Slide 20: Shareholding Structure
SHAREHOLDING STRUCTURE 20 KEY INSTITUTIONAL INVESTORS – 30TH SEP 2021 % HOLDING MARKET DATA AS ON 22ND OCT 2021 HDFC MF 9.20% Market capitalization (INR Mn) 28,058.6 2.89% Price (INR) 311.0 DSP MF No. of shares outstanding (Mn) 90.2 L & T Mutual Fund 1.45% Face Value (INR) 10.0 52 week High-Low (INR
Slide 21: Business Model
Sharda Cropchem Limited Business Model
Slide 22: Differentiated Asset Light Business Model
DIFFERENTIATED ASSET LIGHT BUSINESS MODEL 22 Agrochemical Value Chain Sharda’s Operating Area Basic & Applied Active Ingredient Formulation & Marketing & Research Identification Registration Manufacturing Packaging Distribution Sharda’s Model: ASSET LIGHT BUSINESS MODEL Demand Pulled / Customer Driv
Slide 23: Business Strategy & Outlook
23 Business Strategy & Outlook
Slide 24: Business Strategy & Outlook
BUSINESS STRATEGY & OUTLOOK 24 Forward Integration - Build own Sales Force ➢ Leverage market presence and execution capabilities ➢ Adopt the factory-to-farmer approach and be a one-stop solution provider 01 ➢ Strategy on-ground in Mexico, Colombia, Hungary, Spain, Poland, Italy, Portugal, USA & Indi
Slide 25: For Further Queries
FOR FURTHER QUERIES 25 Mr. Ashok Vashisht Mr. Hiral Keniya / Chintan Mehta Chief Financial Officer IR Consultants Email: cfo@shardaintl.com Email: shardacropchem@dickensonworld.com Contact No: +91 22 6678 2800 Contact no: +91 9029662801 / 9892183389 Mr. Abhinav Agarwal Chief Financial Office Email: