Punjab Chemicals & Crop Protection Ltd. · NSE:PUNJABCHEM
Punjab Chemicals & Crop Protection — Q4 FY2022 Earnings Presentation
29 slides from Punjab Chemicals & Crop Protection's earnings presentation, May 6, 2022
Slide 1: Revised Investor Presentation filing letter to BSE and NSE
May 6, 2022 By E-filing The Manager The Manager Department of Corporate Services Listing Department Bombay Stock Exchange Limited National Stock Exchange of India Limited MUMBAI-400 001 MUMBAI-400 051 Scrip Code: 506618 Scrip Symbol: PUNJABCHEM Sub: Revised Investor Presentation - Financial Overview
Slide 2: Q4 & FY22 Result Presentation
Q4 & FY22 RESULT PRESENTATION May 2022
Slide 3: Safe Harbor
Safe Harbor 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 subscrib
Slide 4: Table of Contents
1. Q4 & FY22 Result Highlights 2. Company Overview 3. Business Strategy & TABLE OF CONTENTS Investment Rationale 4. Agrochemicals Industry Overview 5. Performance Track Record
Slide 5: Q4 & FY22 Result Highlights
PUNJAB CHEMICALS ¥ AND CROP PROTECTION LID. 180 004-2015 & 180 14002015 Certified Company
Slide 6: Result Highlights
Result Highlights Management Commentary FY22 Revenue FY22 EBITDA ₹ 140 cr, ₹ 933 cr, up 46% YoY up 38% YoY EBITDA Margin 15% ▪ We are proud to record the highest ever full year EBITDA & PAT in the company’s history of operations FY22 PAT ₹ 83 cr, ▪ Improving efficiency & operating leverage Up 70% Yo
Slide 7: Q4 FY22 Financial Performance
Q4 FY22 Financial Performance YoY Comparison (In ₹ cr, except margin) REVENUE GEOGRAPHICAL SPLIT +23.5% 259 210 130 259 Domestic 82 210 International 128 129 Q4 FY21 Q4 FY22 Q4 FY21 Q4 FY22 CASH PAT, PAT & PAT MARGIN EBITDA & EBITDA MARGIN 7.5% 11.1% 13.2% 5.0% 24 +46.9% 19 PAT 15 Cash PAT 34 11 23
Slide 8: FY22 Financial Performance
FY22 Financial Performance YoY Comparison (In ₹ cr, except margin) REVENUE GEOGRAPHICAL SPLIT +37.6% 933 933 678 678 446 Domestic 255 International 423 487 FY21 FY22 FY21 FY22 EBITDA & EBITDA MARGIN CASH PAT, PAT & PAT MARGIN 14.1% 15.0% 8.9% 7.2% 100 +46.3% 84 PAT 64 Cash PAT 49 140 96 FY21 FY22 Q4
Slide 9: Consolidated Profit & Loss Statement
Consolidated Profit & Loss Statement Particulars (In ₹ cr) Q4 FY22 Q4 FY21 YoY % FY22 FY21 YoY % Revenue 258.7 209.5 23.5% 933.5 678.2 37.6% COGS 160.9 131.7 569.4 405.1 Gross Profit 97.8 77.8 364.1 273.1 Gross Margin % 37.8% 37.2% 60 bps 39.0% 40.3% -130 bps Employee Expenses 18.8 18.3 76.6 67.7 Ot
Slide 10: Consolidated Balance Sheet
Consolidated Balance Sheet Particulars (In ₹ cr) Mar-22 Mar-21 Particulars (In ₹ cr) Mar-22 Mar-21 EQUITY AND LIABLITIES ASSETS Equity Non-Current assets Equity share capital 12.3 12.3 Property, Plant and Equipment 206.2 182.3 Other Equity 213.4 132.3 Capital work - in - progress 6.8 15.0 Total equi
Slide 11: Company Overview
180 9004-2015 & 180 140012015 Certified Company COMPANY OVERVIEW
Slide 12: Our Company
Our Company Established in 1975 as Punjab United Pesticides & Chemical Limited (PUPCL), the company has now evolved into Punjab Our Vision Chemicals and Crop Protection Limited. We are an agrochemicals company with a rich history of over three decades with state of To become a major Indian player in
Slide 13: Evolution of Punjab Chemicals
Evolution of Punjab Chemicals Started in 1975 as a small company Gained Manufacturing expertise & Strategic shift in business model to to cater to the Domestic needs of diversified into Pharmaceuticals, focus on the growing opportunity in basic chemicals like Oxalic Acid & Intermediates, Industrial
Slide 14: Our Global Clientele
Our Global Clientele Target regions for next leg of growth: Latin America, South Asia, European Union
Slide 15: Manufacturing Facility - Derabassi
Manufacturing Facility - Derabassi Location Derabassi Established 1975 Area 24.1 acres Manpower 751 Capacity Utilisation (FY22) 85% Molecules: Metamitron, Metconazole, Diflufinican, Oxalic Acid, Benzoic Acid, Ethofumesate Annual Production (MT) & Capacity Utilisation (%) 82% 73% 80% 85% 23,797 19,91
Slide 16: Manufacturing Facility - Lalru
Manufacturing Facility - Lalru Location Lalru Established 2003 Area 23.5 acres Manpower 456 Capacity Utilisation (FY22) 70% • Molecules: Albendazole, Ketosulphone, Drotavarin, Etoricoxib, Aminoacetonitrile • 6 acres available for future expansion • Capacity added in FY21: 3,000 MT Annual Production
Slide 17: Leadership Team: Board of Directors
Leadership Team: Board of Directors Mr. Mukesh D. Patel , Chairman Mr. Shalil Shroff , Managing Director • Graduate in Chemical Engineering, experience in finance and • Management Diploma from University of Deopage (USA) Corporate management for more than 43 years • Joined in 1992 and Managing Direc
Slide 18: Leadership Team: Key Management Team
Leadership Team: Key Management Team Mr. Avtar Singh, Non-Independent Director Mr S.S. TIWARI, Non-Independent Director • BSc. – Punjab University; associated with the company for 40 years, • MSc, Diploma in Mgmt. In charge of operations of Agro Chemicals Division and Specialty • 39 years associatio
Slide 19: Business Strategy
PUNJAB CHEMICALS ¥ AND CROP PROTECTION LID. 180 004-2015 & 180 140012015 Certified Company
Slide 20: Business Model
Business Model • Target ₹ 50-100 cr revenue per • Offer attractive and cost- product effective solution • Target clients - Global • Long term engagement favorable Agrochemical leaders for both parties • Mid-sized companies with specific • Faster turnaround requirement Identify Niche Partner for Prod
Slide 21: Investment Rationale
Investment Rationale Low Cost Developed an efficient cost competitive process over the last Operator decade and are maximising export potential Availability of technically trained manpower , Manufacturing and extra production capacity to fulfil incremental demands R&D Capability Historical associati
Slide 22: Agrochemicals Industry Overview
AGROCHEMICALS INDUSTRY OVERVIEW 21
Slide 23: Indian Agrochemicals Industry
Indian Agrochemicals Industry • India is the fourth largest producer and the fifth largest exporter of agrochemicals in the world • The Indian agrochemicals market (at USD 9.2 bil or ~15% share of the global agrochemicals market worth USD 62.5 bil) is the largest sub-segment of the specialty chemica
Slide 24: Indian Agrochemicals Industry
Indian Agrochemicals Industry Consumption vs Exports (₹ ‘000 cr) Segmental Domestic Consumption 2010 2020 Technical Manufacturers ~125 ~145 36.3% 22,000 35.5% 20,000 13.3% Formulators ~800 ~1000 15.0% Domestic Exports Insecticide Fungicides Agrochemicals Export from India Distributors 1.5 Lakh 2 Lak
Slide 25: Industry Opportunity
Industry Opportunity Anticipated Growth Expertise Anticipated Growth 2018 → 2025 Opportunity size Opportunity size Capitalising on Opportunity 2018 → 2025 Required/ WIP* ➢ Integrated Pest $ 32 bil → $ 49 bil Biologicals $2.8 bil → $7.1 bil Improvements in formulation, ease of use, Management (IPM) C
Slide 26: Performance Track Record
PERFORMANCE TRACK RECORD 25
Slide 27: Performance Track Record
Performance Track Record Revenue (₹ cr) EBITDA (₹ cr) PAT (₹ cr) 84 +17.1% 933 140 +35.4% +48.4% 643 678 96 49 550 496 66 42 42 17 17 11 FY18 FY19 FY20 FY21 FY22 FY18 FY19 FY20 FY21 FY22 FY18 FY19 FY20 FY21 FY22 Revenue Split (₹ cr) EBITDA Margin (%) PAT Margin (%) Domestic Export 933 15.0 14.1 8.9
Slide 28: Performance Track Record
Performance Track Record Capital Structure (₹ cr) Working Capital Analysis (₹ cr) D/E 1.6x 1.0x 1.0x 0.5x 0.4x 44 37 44 39 30 87 82 48 56 60 42 75 74 98 91 -92 -85 -101 -114 213 -135 151 117 99 91 FY18 FY19 FY20 FY21 FY22 FY18 FY19 FY20 FY21 FY22 Debt Equity Receivable Days Inventory Days Payable Da
Slide 29: Thank You
Mr. Nachiket Kale Dr. S. Sriram nachiket.kale@linkintime.co.in Chief Financial Officer +91 99209 40808 investorhelp@punjabchemicals.com Mr. Bhavin Soni bhavin.soni@linkintime.co.in +91 98335 37225 THANK YOU LinkedIn Website
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