Yasho Industries Ltd. · NSE:YASHO
Yasho Industries — Q4 FY22 Earnings Presentation
35 slides from Yasho Industries's earnings presentation, May 2022
Slide 1: Yasho Industries Limited Investor Presentation - May 2022
Yasho Industries Limited Investor Presentation - May 2022
Slide 2: Safe Harbour
2 Safe Harbour This presentation and the accompanying slides (the “Presentation”), which have been prepared by Yasho Industries Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any s
Slide 3: Q4 & FY22 Highlights
Q4 & FY22 / Highlights
Slide 4: Business Highlights
4 Business Highlights FY22 “We are pleased to report the highest annual performance for the company. Demand for all major chemicals have seen robust growth in FY22 as compared to FY21 despite all ongoing challenges in the country and the global market. 69% Total Revenue for the year stood at Rs 624.
Slide 5: Performance Highlights (Q4)
5 Performance Highlights Revenue (Rs. Crs.) EBITDA (Rs. Crs.) PAT (Rs. Crs.) 17.4% 15.0% Margin 8.3% 7.4% Margin +69.0% +46.0% +48.6% 186.2 28.0 13.5 19.2 9.1 110.2 Q4FY21 Q4FY22 Q4FY21 Q4FY22 Q4FY21 Q4FY22 Export (%) Sales Volume (MTPA) EBITDA/ Tonne** (Rs) 63.9% 68.2% 3,002 84,421 2,325 70,718 Q4F
Slide 6: Performance Highlights (FY22)
6 Performance Highlights Revenue (Rs. Crs.) EBITDA (Rs. Crs.) PAT (Rs. Crs.) 16.0% 16.6% Margin 5.8% 8.4% Margin +68.9% +75.5% +145.5% 624.1 103.7 52.7 369.5 59.1 21.5 FY21 FY22 FY21 FY22 FY21 FY22 Export (%) Sales Volume (MTPA) EBITDA/ Tonne** (Rs) 62.1% 64.2% 11,054 84,475 7,712 63,540 FY21 FY22 F
Slide 7: Growing Contribution From Value Added Segments
7 Growing Contribution From Value Added Segments FY21 Segment-wise FY22 Segment-wise Revenue Breakup (Rs 357 Cr) Revenue Breakup (Rs 609 Cr) 15% 13% Aroma Chemicals 25% 25% 8% 13% Food Antioxidants Rubber Chemicals 14% 17% Lubricant Additives 35% 35% Speciality Chemicals FY21 Region-wise FY22 Region
Slide 8: Profit & Loss Statement
8 Profit & Loss Statement Particulars (Rs. In Crs.) Q4 FY22 Q4 FY21 Y-o-Y FY22 FY21 Y-o-Y Revenue from Operation 183.6 107.4 613.8 359.4 Other income 2.6 2.7 10.3 10.1 Total Revenue 186.2 110.1 69.0% 624.1 369.5 68.9% Cost of Material Consumed 116.4 66.9 385.1 233.7 Employee's Benefits Expense 9.1 7
Slide 9: Balance Sheet
9 Balance Sheet ASSETS (Rs. Crs) Mar-22 Mar-21 EQUITY AND LIABILITIES (Rs. Crs.) Mar-22 Mar-21 Non-Current Assets Shareholders Funds Property, Plant and Equipment 147.0 103.1 Shareholder's equity 11.4 10.9 Capital Work-in-Progress 0.5 0.0 Reserve & Surplus 162.1 68.0 Intangible Assets 13.5 16.8 Non-
Slide 10: Cash Flow Statement
10 Cash Flow Statement Particulars (Rs. Crs.) Mar-22 Mar-21 Net Profit Before Tax 71.3 30.8 Adjustments for: Non Cash Items / Other Investment or Financial Items 31.8 27.8 Operating profit before working capital changes 103.0 58.6 Changes in working capital -67.1 -19.6 Cash generated from Operations
Slide 11: Greenfield Expansion at Pakhajan, Gujarat
11 Greenfield Expansion at Pakhajan, Gujarat New New Capacity Greenfield Capacity Expansio Expansion Expansion n Estimated ~ Rs 350 Crores for Phase 1 Estimated Cost ~ Rs 500 – 550 Crores from Phase 1 Revenue ~Rs 240 Crores from Bank loans & ~ Rs Rubber Chemicals Target Source of 110 Crores via inte
Slide 12: Company Overview
Company / Overview
Slide 13: Yasho Industries Ltd: A Snapshot
13 Yasho Industries Ltd : A Snapshot Manufacturer of Specialty & Technocrat Promoters Performance Chemicals Strong Presence in Global Certifications Over 50 Countries Business Verticals: 5 Total Products : 148 11,000 MT 3 Manufacturing Units in Manufacturing Capacity Vapi, Gujarat
Slide 14: Our Journey
14 Our Journey • Commenced exclusive operations • Commenced manufacturing of • Expansion at Unit-2, • Acquired Land near for Aromatic chemicals and various Rubber Chemicals realigning the products Pakhajan, (Dahej) Gujarat Specialty chemicals developed by in-house R&D produced at both units for gree
Slide 15: Diversified Business Portfolio
15 Diversified Business Portfolio Aroma Chemicals Food Antioxidants Rubber Chemicals Lubricant Additives Specialty Chemicals Business Verticals Multi-Products Multi-Applications Multi-Reach
Slide 16: Large Marquee Clients
16 Large Marquee Clients We are a customer-centric producer, with the ability to deliver as per the specifications desired by our buyers. Serving 2,000+ Clients The Brand Names mentioned are the property of their respective owners and are used here for identification purposes only
Slide 17: Our Facilities are Multipurpose & Multiproduct
17 Our Facilities are Multipurpose & Multiproduct Total Capacity 3 Units at 1,800 MTPA Capacity Added Competitive Edge 11,000 MTPA Vapi, Gujarat in FY22 • 900 MTPA capacity added through debottlenecking Strategically located within 200 Kms Unit 1: 4,350 MTPA 01 from Nhava Sheva Sea Port Designed to
Slide 18: Research & Development is Core to Our Approach
18 Research & Development is Core to Our Approach Research & Development • As the cornerstone of our business, R&D is led by our promoters with active contribution and guidance. • We are working on process improvements and new products which align with our business portfolio. • Last quarter, we have
Slide 19: Committed to Environment
19 Committed to Environment Greening our Operations Our R&D team identifies process Process intensification has Further, the use of bottlenecks and undertakes helped to reduce energy environment-friendly catalysts specific initiatives to enhance intensive processes. in the units help in efficiencies
Slide 20: Global Certifications: Highly Compliant Manufacturer
20 Global Certifications : Highly Compliant Manufacturer
Slide 21: Corporate Social Responsibility
21 Corporate Social Responsibility Initiative to Re-Construct School in Vapi District • Financed and supervised the reconstruction of Kocharva Patel Falia School, in Vapi District, Gujarat • It was stalled due to COVID-19, Company came forth with a funding of Rs. 2.19 Crores for the re-construction
Slide 22: Founding Team on the Board
22 Founding Team on the Board Mr. Vinod Jhaveri Mr. Parag Jhaveri Mr. Yayesh Jhaveri Chairman & Executive Director Managing Director & CEO Whole Time Director & CF0 • One of the founding promoters of the Company. He is a • M.Sc Chemistry from Mumbai University. He has over three • Commerce graduate
Slide 23: Along with the Independent Directors
23 Along with the Independent Directors Mr. Anurag Surana Mr. Ullal Bhatt Dr. Prakash Bhate Independent Director Independent Director Independent Director • He has 27 years of professional experience, 14 of • M.Sc. from IIT, Kanpur and has attended advanced • Ph.D. in Organic Chemistry from the Ohio
Slide 24: Business Overview
/ Business / Overview
Slide 25: Aroma Chemicals
25 Aroma Chemicals Aroma Chemicals Food Antioxidants Rubber Chemicals Lubricant Additives Specialty Chemicals • We are the market leaders for clove oil and its derivatives • Chemicals like fatty esters and natural essential / aroma oils cater to a gamut of personal care products such as cosmetics an
Slide 26: Food Antioxidants
26 Food Antioxidants Aroma Chemicals Food Antioxidants Rubber Chemicals Lubricant Additives Specialty Chemicals • Fatty oils and oil-based foods are prone to auto-oxidation that results in a rancid taste and unpleasant odour • Our antioxidants help inhibit the negative effects of oxidation. • The YA
Slide 27: Rubber Chemicals
27 Rubber Chemicals Aroma Chemicals Food Antioxidants Rubber Chemicals Lubricant Additives Specialty Chemicals • Our range of rubber chemicals is used to manufacture rubber products like tyres, automotive components like hoses, seals, conveyor belts, and others • They are also used in the manufactur
Slide 28: Lubricant Additives
28 Lubricant Additives Aroma Chemicals Food Antioxidants Rubber Chemicals Lubricant Additives Specialty Chemicals • Our Lubricant additives improve the performance of lubricants by providing critical performance parameters • They improve boundary lubricity, extreme pressure properties, inhibit corro
Slide 29: Specialty Chemicals
29 Specialty Chemicals Aroma Chemicals Food Antioxidants Rubber Chemicals Lubricant Additives Specialty Chemicals • These value-added chemicals are used as stabilisers for acrylics, printing inks, UPR resins and fibre composite resins, as cross linkers for thermoplastics urethanes, electroplating ch
Slide 30: Embracing Opportunities
30 Embracing Opportunities Opportunities Our Edge Core Focus • Recognized global partner • Continuous product development • China +1 opportunity • Strategically located near port • Wide distribution reach through • Strong domestic demand • Multi-purpose, multiproduct plant distributors • Dedicated R
Slide 31: Financial Highlights
Financial / Highlights
Slide 32: Historical Financial Highlights
32 Historical Financial Highlights Revenue (Rs. Crs.) EBITDA (Rs. Crs.) PAT (Rs. Crs.) 12.4% 11.7% 14.3% 16.0% 16.6% 3.1% 3.5% 4.0% 5.8% 8.4% Margin 624.1 103.7 52.7 +25.2% +34.6% 343.4 369.5 59.1 300.3 +39.0% 254.2 40.1 42.9 21.5 31.6 11.9 12.1 8.0 FY18 FY19 FY20 FY21 FY22 FY18 FY19 FY20 FY21 FY22
Slide 33: Historical Financial Highlights
33 Historical Financial Highlights ROE (%) ROCE (%) Net Debt / Equity (x) 30.4% 24.3% 3.8 26.0% 27.2% 20.5% 23.5% 17.5% 2.9 20.9% 15.4% 2.5 14.1% 1.7 0.9 FY18 FY19 FY20 FY21 FY22 FY18 FY19 FY20 FY21 FY22 FY18 FY19 FY20 FY21 FY22 Fixed Asset Turnover (x) Working Capital Days 5.9 164 151 4.2 124 3.7 3
Slide 34: Way Forward
34 Way Forward New Capacity Addition • The company is expanding its capacity through a greenfield project • New capacity is expected to be commercialized in 24 months after receiving all necessary approval Operational Efficiency Enhancing Global Footprint • We aim to improve our operational efficien
Slide 35: Contact Information
Contact Information Company : Investor Relations Advisors : Yasho Industries Ltd. Strategic Growth Advisors Pvt. Ltd. CIN – L74110MH1985PLC037900 CIN - U74140MH2010PTC204285 Mr. Yayesh Jhaveri Mr. Shrikant Sangani / Ms. Pankti Majithia Email - yayesh@yashoindustries.com Email - shrikant.sangani@sgap