Best Agrolife Ltd. · NSE:BESTAGRO
Best Agrolife — Q4 FY23 Earnings Presentation
16 slides from Best Agrolife's earnings presentation, Mar 31, 2023
Slide 1: Q4 and FY23 Earnings Presentation
Q4 and FY23 Earnings Presentation Best Agrolife Limited 1
Slide 2: Disclaimer
Disclaimer The Presentation is to provide the general background information about the Company’s activities as at the date of the Presentation. The information contained herein is for general information purposes only and based on estimates and should not be considered as a recommendation that any i
Slide 3: Q4 and FY23 Highlights
Q4 and FY23 Highlights “I am delighted to inform you that we have delivered strong revenue from operations of Rs. 1,746 cr. which is a robust growth of 44% over FY22. Our constant focus on introducing the innovative products to cater to farmers need has resulted in BAL introducing many specialised c
Slide 4: Financial Highlights
Financial Highlights Financial Highlights: FY23 Revenue from operations for FY23 grew by 44% YoY to Rs. 1,746 cr. Gross margin for the year is at 28% as compared to 19% in FY22 which was an expansion of 963 bps YoY. EBITDA for the year came at Rs. 314 cr up 89% YoY compared to Rs. 166 cr in FY
Slide 5: Strong revenue growth coupled with improving margins
Strong revenue growth coupled with improving margins Revenue EBITDA PAT EBITDA EBITDA Margin PAT PAT Margin 18% 11% 9% 14% FY23 8% 5% 5% 2% 758 991 1,211 1,746 15 50 105 192 37 84 166 314 FY20 FY21 FY22 FY23 FY20 FY21 FY22 FY23 FY20 FY21 FY22 FY23 EBITDA PAT Q4FY23 38 40 130 31 -8 309 464 700 328 25
Slide 6: Product Launches and Approvals during FY23
Product Launches and Approvals during FY23 TOMBO A new generation corn herbicide Tembotrione shows a fast efficacy in control of weeds. A first of its kind ternary insecticidal combination of Best It is altd, Agrolife post emergence Ronfen is a singleherbicide that shot solution dissipates that
Slide 7: Product Launches and Approvals during FY23
Product Launches and Approvals during FY23 CITIGEN (CTPR) It is a Aplant first of its kind ternary systemic insecticidal insecticide combination that belongs of Best to the group anthranilic diamide, which has a unique mode of action first to launch Agrolife ltd, Ronfen is a single shot solution t
Slide 8: Product Launches plan FY24
Product Launches plan FY24 HERBICIDE TO BE L AUNCHED IN Q1 FY24 Product Patent Patent for herbicidal Composition of Haloxyfop + Imazethapyr + chlorimuron Received HALOXYFOP + A very prominent one-shot solution for an important crop like Soyabean. High importance not only in India but in other IM
Slide 9: Product Launches plan FY24
Product Launches plan FY24 FUNGICIDE TO BE L AUNCHED IN Q2 FY24 Product Patent Received DIFENOCONAZOLE + Broad spectrum fungicide 3X formulae where sulphur acts as a catalyst TRIFLOXYSTROBIN + Composition of Difenoconazole, Trifloxystrobin and sulphur SULPHUR We plan to launch this combination
Slide 10: P&L For Q4 and FY23
P&L For Q4 and FY23 Value (INR Cr)0 Q4 FY23 Q4 FY22 YoY (%) Q3 FY23 QoQ (%) FY23 FY22 YoY (%) Revenue from Operation 253.91 309.35 -18% 327.75 -23% 1745.68 1210.80 44% Other Income 0.67 1.00 -33% 0.69 -3% 2.60 1.78 46% Total Revenue 254.58 310.35 -18% 328.44 -22% 1748.28 1212.58 44% Cost of Material
Slide 11: Improving Return Ratios and Stable balance sheet
Improving Return Ratios and Stable balance sheet ROCE ROE 50% 36% 33% 32% 39% 24% FY21 FY22 FY23 FY21 FY22 FY23 Net Debt to Equity Current Ratio 1.38 0.91 0.82 0.70 1.36 1.35 FY21 FY22 FY23 FY21 FY22 FY23 11
Slide 12: Balance Sheet
Balance Sheet Value (INR Cr) FY 21 FY22 FY23 Equity And Liabilities Share Holders Fund 152.93 329.95 527.34 Non-current Liabilities Long Term Borrowings 72.88 52.19 42.75 Other Financial Liabilities 2.13 17.17 12.97 Total Non-current Liabilities 227.94 399.31 583.06 Current Liabilities Short Term Bo
Slide 13: Experienced Management with Domain Knowledge
Experienced Management with Domain Knowledge Management with a cumulative experience of more than five decades Mr. Vimal Alawadhi Mr. Raajan Alawadhi Mr. P . N. Karlerkar Mr. N Surendra Sai Mr. Sanjeev Kharbanda MANAGING DIRECTOR MANAGING DIRECTOR EXECUTIVE DIRECTOR ( Best Crop Science Pvt Ltd ) HEA
Slide 14: Outlook
Outlook Revenue Growth – 30% EBITDA Margin of 20% 1 2 3 4 Launch of new Ramping up Maximizing Building & innovative distribution & backward export products with branded integration to business higher margins products business improve efficiencies 14
Slide 15: Share Information
Share Information Shareholding as on 31st March 2023 Share Information (as on 31st March 2023) NSE Ticker BESTAGRO BSE Ticker 539660 Others Market Cap (INR Cr) 2,421.10 35.8% % free-float 49.9% Free-float market cap (INR Cr) 1,208.05 Total Debt (INR Mn) 606.97 Promoters 50.1% Cash & Cash Equivalents
Slide 16: For queries please contact: EY IR Practice
For queries please contact: EY IR PRACTICE Rahul Thakur rahul.thakur@in.ey.com Vikash Verma vikash.verma1@in.ey.com DISCLAIMER This presentation includes certain forward looking statements and information including statements concerning the outlook for business. The statements are based on certain e