Sumitomo Chemical India Ltd. · NSE:SUMICHEM
Sumitomo Chemical India — FY2023 Earnings Presentation
47 slides from Sumitomo Chemical India's earnings presentation, May 19, 2023
Slide 1: Cover letter to stock exchanges
+ SUM1701V110 HEVECAL Corporate Office: 13/14, Aradhana IDC, Near Virwani industrial Estate, Goregaon (East), Corporate identity Number (CIN) L24110MH2000PLC124224 Mumbai - 400 063. Tel. : +91-22-4252 2200 / Fax : +91-22-4252 2380 URL http://wuw,sumichem-india.co.in SCIL/SEC/2023 19th May, 2023 To,
Slide 2: Investor Presentation May 2023
Investor Presentation May 2023
Slide 3: Safe Harbour
Safe Harbour SCI 2.0 This presentation and the accompanying slides (the “Presentation”), which have been prepared by Sumitomo Chemical India Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscr
Slide 4: Financial Performance & Key Highlights
SCI 2.0 Financial Performance & Key Highlights 3 Innovate Nurture Grow www.sumichem.co.in
Slide 5: Performance Highlights – Quarter & YTD
Performance Highlights – Quarter & YTD SCI 2.0 Revenue (Rs Crs) Gross Profit (Rs. Crs) EBITDA (Rs. Crs) PAT (Rs Crs) Q4FY23 vs Q4FY22 -19% -26% -3% -2% 253 109 75 72 664 652 204 81 Q4FY22 Q4FY23 Q4FY22 Q4FY23 Q4FY22 Q4FY23 Q4FY22 Q4FY23 Revenue (Rs Crs) Gross Profit (Rs. Crs) EBITDA (Rs. Crs) PAT (R
Slide 6: Performance Highlights – FY23
Performance Highlights – FY23 SCI 2.0 FY23 started with a very good first and second quarters : ~25% growth in revenue as well as in profitability vs FY22; the was mainly due to good water reservoir level, pre- monsoon showers, low cost opening inventory, increasing costs wherein industry and trad
Slide 7: New Product Launches - PAN India
New Product Launches - PAN India SCI 2.0 Pyclome Sumiblue Diamond Santana Insecticide Plant Growth Regulator Insecticide Clothianidin 3.5% + Gibberellic Acid 0.1 % GR Clothianidin 0.5% GR Pyriproxyfen 8% SE Promalin Korko Derecho Danitol® NXT Insecticide Plant Growth Regulator Fungicide Insecticide
Slide 8: Consolidated Profit & Loss Account Statement – Quarter & YTD
Consolidated Profit & Loss Account Statement – Quarter & YTD SCI 2.0 Particulars (Rs. Crs) Q4 FY23 Q4 FY22 YoY Q3 FY23 QoQ FY23 FY22 YoY Revenue from Operations 651.6 664.1 -2% 753.0 -13% 3,511.0 3,061.2 15% COGS 447.4 411.3 487.3 2,270.6 1,908.0 Gross Profit 204.1 252.7 -19% 265.7 -23% 1,240.3 1,15
Slide 9: Revenue Breakup – FY23
Revenue Breakup – FY23 SCI 2.0 Product Breakup Geographic Breakup 7% 7% 0% 1% 10% 1% 9% 2% 0% 11% 9% 1% 2% 4% 2% 5% 8% 4% 9% 43% 43% 6% FY22 FY23 FY22 FY23 9% 9% 78% 75% 21% 24% Insecticides PGR Fungicides Domestic Japan Europe North America Herbicides Metal Phosphides AND & EHD* Africa Asia (Ex. In
Slide 10: Consolidated Working Capital Movement
Consolidated Working Capital Movement SCI 2.0 Change Change Particulars (Rs. Crs) Mar-23* Dec-22* (Dec-22 to Mar-22* (Mar-22 to Mar-23) Mar-23) Inventory (A) 888.7 750.4 138.3 937.8 -49.1 Inventory Days (Inventories/ COGS* No. of days in period) (i) 143 113 179 Trade Receivables (B) 946.1 1,035.7 -8
Slide 11: Company Overview
SCI 2.0 Company Overview 10 Innovate Nurture Grow www.sumichem.co.in
Slide 12: Journey to 15x Growth in India
Journey to 15x Growth in India SCI 2.0 SCIL – Vision & Mission Strategically Located Manufacturing Facilities Formidable Player in the Indian Strong Focus on R&D, Process Innovation Agrochemicals Space and Safety, Health and Environment (SHE) Diversified & De-risked Portfolio Across Autonomous Board
Slide 13: SCIL - Vision & Mission
SCIL - Vision & Mission SCI 2.0 Vision & Values Mission Vision: Marketing and Sales: • To be a trusted market leader in Indian crop- • Further penetration into Indian market & take protection sector leadership; expand exports • To develop a vibrant corporate culture • Strengthen Sales Force, Distrib
Slide 14: Journey to 15x Growth in India in last 13 years
Journey to 15x Growth in India in last 13 years SCI 2.0 Feasibility study to set-up correct business model to Exploration Phase : 2000 – 2009 capture potential in Indian market and start aggressive growth phase Manufacturing JV with New Acquired product - 2000 Chemi Industries 2002 Started EHD (Publ
Slide 15: Formidable Player in the Indian Agrochemicals Space
Formidable Player in the Indian Agrochemicals Space SCI 2.0 5 200+ Brands Manufacturing Grown 15X+ over FY11-23 700+ SKUs Facilities Rs. Bn 14 15X 25+ Patents Technical 200+ Registrations 35.1 Actives 15,000+ Direct 1600+ Employees Distributors & 1500+ FDOs# #FDOs - Field Development 60 Depots Offic
Slide 16: Diversified & De-risked Portfolio Across the Agro-Chem Value Chain
Diversified & De-risked Portfolio Across the Agro-Chem Value Chain SCI 2.0 Well-Diversified across multiple dimensions Business Products Geographies Customers Crops Served Segments Diversified Portfolio Across Segments Geographic Diversification with Exports to ~50 countries Generics Speciality 7% 1
Slide 17: Strong Brand and Well-Entrenched Distribution Network
Strong Brand and Well-Entrenched Distribution Network SCI 2.0 Strong brand with market leading position across various product categories Dual brand portfolio can offer products at all price points serving multiple 26 States 60 Depots customer sub-segments In-depth knowledge of own research pr
Slide 18: Expanding Brand Visibility and Connect
Expanding Brand Visibility and Connect SCI 2.0 Wide range of generics and speciality products for Increased crop presence and providing crop protection solutions More than 1,500+ Relationship managers connecting to 4.4 million+ farmers throughout crop cycle Over 200 brands covering maximum of
Slide 19: Digital Marketing Initiatives
Digital Marketing Initiatives SCI 2.0 Develop “Digital Marketing” as a parallel support to Traditional marketing system leading to improved sales. YouTube - Advantage Our Digital Assets : 23 websites (9 local languages), engaged with 20 million consumers in FY23 More than 53,000 subscribers http:/
Slide 20: Strategically Located Manufacturing Facilities
Strategically Located Manufacturing Facilities SCI 2.0 Connectivity to Major Cities and Proximity to Main Highways, Ports Reduces Logistic Time and Costs Plant Location Area (acres) Segment Served Product Manufactured Manufacturing of Technical Grade Pesticides Technical Grade Products: Bhavnagar ~5
Slide 21: R&D: End-to-End Product Development Capabilities
R&D: End-to-End Product Development Capabilities SCI 2.0 3 fully equipped, DSIR approved R&D labs located at Mumbai, Bhavnagar and Gajod capable of synthesis, technical product and formulation development; Soil Health Research Laboratory and in-house field trials R&D Team comprises of 75+ qualif
Slide 22: Capex Plans
Capex Plans SCI 2.0 Regular Capex Additional Capex Research & Development Rs. 70-75 crore p.a. Rs. 120 crore Indian R&D team is working on over 2 years for 5 products manufacturing several off-patent products for Domestic as well as Exports To manufacture additional proprietary technical to global a
Slide 23: Thrust on Safety, Health and Environment (SHE)
Thrust on Safety, Health and Environment (SHE) SCI 2.0 Quality Certifications Ensure Consistent product quality and healthy working environment at manufacturing sites Abiding by SCC Japan’s EHS Policies ISO:9001:2015, ISO-14001:2015 and OHSAS18001:2007 for the manufacturing sites at Bhavnagar, Gajod
Slide 24: Awards & Accolades
Awards & Accolades SCI 2.0 Quality Certifications Ensure Consistent product quality and healthy working environment at manufacturing sites Jamnalal Bajaj Award for “Fair Business and Practices” National Safety Award by Labour Ministry, Government of India for safety performance Chemexcil Best Export
Slide 25: Autonomous Board with Vast Industry Experience
Autonomous Board with Vast Industry Experience SCI 2.0 Dr. Mukul Govindji Asher Preeti Gautam Mehta Chairman and Independent Director Independent Non-executive Director Professorial Fellow at Lee Kuan Yew School of Public Policy at 30 years of experience in corporate laws, foreign investment the
Slide 26: Autonomous Board with Vast Industry Experience
Autonomous Board with Vast Industry Experience SCI 2.0 Tadashi Katayama Masanori Uzawa Non-executive Director Non-executive Director MBA from Vanderbilt University, U.S.A. MBA from University of Virginia, USA and a and a Master’s degree from Kyoto Bachelor’s degree from the University of Univers
Slide 27: Growth Strategies
Growth Strategies SCI 2.0 Continued Investment in R&D and Pipeline Capacity Expansion Achieving Market Leadership in • Aim to invest in seamless integration of R&D between SCIL and SCC units which would help improve our production processes, • Driving operational efficiencies maintaining highest saf
Slide 28: Financial Performance & Key Takeaways
SCI 2.0 Financial Performance & Key Takeaways 27 Innovate Nurture Grow www.sumichem.co.in
Slide 29: Consolidated Balance Sheet
Consolidated Balance Sheet SCI 2.0 Assets (Rs. Crs) Mar-23 Mar-22 Equity & Liabilities (Rs. Crs) Mar-23 Mar-22 Non-Current Assets (A) 581.2 487.6 EQUITY (A) 2,381.8 1,927.2 Property, Plant and Equipment 392.8 349.6 Equity Share Capital 499.1 499.1 Capital work-in-progress 53.5 21.1 Other Equity 1882
Slide 30: Consolidated Cash Flow Statement
Consolidated Cash Flow Statement SCI 2.0 Cash Flow Statement (Rs. Crs) Year ended 31-Mar-23 Year ended 31-Mar-22 Net Profit Before Tax 654.2 575.7 Adjustments for: Non-Cash Items / Other Investment or Financial Items 38.5 46.3 Operating profit before working capital changes 692.7 622.0 Changes in wo
Slide 31: Historical Performance Highlights
Historical Performance Highlights SCI 2.0 Revenue (Rs Crs) EBITDA (Rs. Crs) & EBITDA Margin (%) PAT (Rs Crs) +13% 3,511 +25% 667 502 3,065 600 +28% 424 2,645 487 2,228 2,425 345 1,913 333 291 205 217 145 166 18.4% 19.6% 19.0% 11.3% 13.0% 13.7% FY18* FY19 FY20 FY21 FY22 FY23 FY18 FY19 FY20 FY21 FY22
Slide 32: Consolidated Profit & Loss Account Statement
Consolidated Profit & Loss Account Statement SCI 2.0 Particulars (Rs. Crs) FY23 FY22 FY21 FY20 FY19 FY18 Net Revenue from Operations 3,511.0 3,061.2 2,644.9 2,424.8 2,228.4 1,912.9* COGS 2,270.6 1,908.0 1,655.4 1,607.6 1,458.9 1,238.7 Gross Profit 1,240.3 1,153.2 989.5 817.2 769.6 674.2 Gross Profit
Slide 33: Consolidated Balance Sheet
Consolidated Balance Sheet SCI 2.0 Assets (Rs. Crs) Mar-23 Mar-22 Mar-21 Mar-20 Mar-19 Mar-18 Equity & Liabilities (Rs. Crs) Mar-23 Mar-22 Mar-21 Mar-20 Mar-19 Mar-18 Non-Current Assets (A) 581.2 487.6 367.6 360.6 318.3 312.7 EQUITY (A) 2,381.8 1,927.2 1,541.3 1,221.8 1,048.4 954.0 Property, Plant a
Slide 34: Consolidated Working Capital Movement
Consolidated Working Capital Movement SCI 2.0 Particulars (Rs. Crs) Mar-23 Mar-22 Mar-21 Mar-20 Mar-19 Inventory (A) 888.7 937.8 754.4 588.0 680.6 Inventory Days (Inventories/ COGS*365) (i) 143 179 166 134 170 Trade Receivables (B) 946.1 843.1 848.2 849.8 671.0 Trade Receivables Days (Trade Receivab
Slide 35: Consolidated Cash Flow Statement
Consolidated Cash Flow Statement SCI 2.0 Year ended Year ended Year ended Year ended Year ended Year ended Particulars (Rs. Crs) 31-Mar-23 31-Mar-22 31-Mar-21 31-Mar-20 31-Mar19 31-Mar-18 Net Profit Before Tax 654.2 575.7 453.3 266.5 259.8 221.0 Adjustments for: Non-Cash Items / Other Investment or
Slide 36: Key Takeaways
Key Takeaways SCI 2.0 Formidable Player in the Indian Experienced Management Team Well-diversified Product Portfolio Strong Brand and Well-Entrenched Agro-chem Space and Board of Directors Across Agro-Chem Value Chain Distribution Network Strong / leadership position across Strong management and
Slide 37: Annexures
Annexures Glance of various events to bring people together 36
Slide 38: Glance of various events to bring people together
Glance of various events to bring people together SCI 2.0 37 Innovate Nurture Grow www.sumichem.co.in
Slide 39: Annual Sales Conference – Sumi Manthan
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Slide 40: Annual Distributor Meet – Sumi Bandhan
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Slide 41: SCI 2.0
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Slide 42: SCI 2.0
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Slide 43: SCI 2.0
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Slide 44: SCI 2.0
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Slide 45: itatillkastia;
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Slide 46: SCI 2.0
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Slide 47: For further information, please contact
SCI 2.0 For further information, please contact: Company : Investor Relations Advisors : Sumitomo Chemical India Limited Strategic Growth Advisors Pvt. Ltd. CIN: L24110MH2000PLC124224 CIN: U74140MH2010PTC204285 Mr. Jigar Kavaiya / Mr. Parin Narichania +91 99206 02034 / +91 99300 25733 investor.relat
Sumitomo Chemical India — FY2023 Earnings Presentation on 6ix