Aimco Pesticides Limited · BSE:AIMCOPEST
Aimco Pesticides — Q2 FY2024 Earnings Presentation
32 slides from Aimco Pesticides's earnings presentation, Nov 10, 2023
Slide 1: Cover letter to BSE: Investor Presentation
Ref.: APL/CO/BSE/34/2023-24 November 10, 2023 To, The Department of Corporate Services BSE Limited P. J. Towers, 1st Floor, Dalal Street, Mumbai – 400 001 Dear Sir / Madam, Subject: Investor Presentation Reference: Aimco Pesticides Limited (Scrip Code - 524288) Please find enclosed herewith the copy
Slide 2: Q2FY24 Earnings Presentation, November 2023
Q2FY24 Earnings Presentation, November 2023 A IM CO P ESTIC ID ES L IM ITE D BSE : AIMCOPEST | 524288 Bloomberg : AIM:IN
Slide 3: Consolidated Profit and Loss Summary
A IM CO PESTICID ES LIM ITED Consolidated Profit and Loss Summary PARTICULARS (IN ₹ C RO RE S ) Revenue from Operations Q2FY24 UN AUDIT ED 80.48 Q1FY24 UN AUDIT ED 45.92 Q2FY23 UN AUDIT ED 63.32 YOY% 27% 27% Q2FY24 REVENUE FROM OPERATIONS AT ₹ 80.48 CRORES AS COMPARED TO Total Income 80.58 46.30 63.
Slide 4: Management Commentary
A IM CO PESTICID ES LIM ITED Management Commentary § Q2 has reported a healthy top-line considering the current § Accordingly, we have also entered a few new markets, as agrochemical context. While we managed to achieve 27% YOY indicated in previous quarters. The Company is starting brand growth in
Slide 5: Strong Export Presence Recognised
A IM CO PESTICID ES LIM ITED 1987 INCORPORATED IN 1987 BY OUR FOUNDER Strong Export Presence IN ITS VAST HISTORY SPANNING OVER 4 DECADES, THE COMPANY HAS BEEN CREDITED WITH INTRODUCING AND MR. PRADEEP P DAVE, AIMCO PESTICIDES COMMERCIALIZING MANY LIMITED (APL) IS A KEY PLAYER IN THE INDIAN STRONG EX
Slide 6: Vision, Mission and Environmentally Conscious
A IM CO PESTICID ES LIM ITED Vision To serve farmers on the grass root level by improving agricultural yields via our understanding and respect for natural ecological Environmentally processes. Conscious The Company has pledged to attain Zero Liquid Effluent discharge status in the next three years.
Slide 7: Business Segments, Revenue Mix, Product Portfolio
09 Business Segments 10 Revenue Mix 11 Product Portfolio 12 Domestic Branded Business 13 Branded Formulations 14 Manufacturing Facility 15 Manufacturing Capacity 16 Geographical Footprint 17 Aimco’s Value Chain 18 Research & Development 19 Management Team 20 Board of Directors A IM CO PESTICID ES LI
Slide 8: Business Contribution
A IM CO PESTICID ES LIM ITED BUSINESS CONTRIBUTION BUSINESS CONTRIBUTION BUSINESS CONTRIBUTION BUSINESS CONTRIBUTION 9% 70% 6% 29% 22% 59% 3% GROSS PROFIT MARGIN GROSS PROFIT MARGIN 2% GROSS PROFIT MARGIN GROSS PROFIT MARGIN FY22 FY23 30% 05% FY22 FY23 30% 05% FY22 FY23 30% 05% FY22 FY23 30% 05% PRI
Slide 9: Strategies Going Forward
A IM CO PESTICID ES LIM ITED STRATEGIES GOING FORWARD STRATEGIES GOING FORWARD STRATEGIES GOING FORWARD STRATEGIES GOING FORWARD • Expand production of • Pursue steady and cautious • Limit bulk formulations • Minimal opportunistic existing products through growth business, and focus on trading busin
Slide 10: Geography-wise and Product Category-wise Revenue
A IM CO PESTICID ES LIM ITED G EO G R A P H Y WIS E P RO DU C T CAT EG O RY WIS E (IN ₹ CRORES) (IN ₹ CRORES) 197 184 176 312 206 110 197 184 176 312 58% 20% 47% 31% 70% 59% 72% 59% 58% 81% 71% 59% 42% 36% 24% 38% 53% 41% 19% 28% 9% 10% 6% 6% 3% FY19 FY20 FY21 FY22 FY23 FY19 FY20 FY21 FY22 FY23 DOME
Slide 11: Technical and Formulations Manufactured
A IM CO PESTICID ES LIM ITED 11 Manufacturing about a dozen technical grade EC chemicals in Insecticides, SC FORMULATIONS TECHNICAL Fungicides and MANUFACTURED MANUFACTURED Herbicides categories SL Manufacturing about 90 KEY TECHNICAL GRADE CHEMICALS formulations for internally MANUFACTURED SG manuf
Slide 12: Strategy: Expanding Geographical Reach
A IM CO PESTICID ES LIM ITED 300+ SKU’s Strategy THE COMPANY IS WORKING TOWARDS ADDING 43 DEDICATED TEAM NEW MOLECULES IN ITS PORTFOLIO WHILE ALSO STRENGTH FOR EXPANDING ITS GEOGRAPHICAL REACH, WITH A MARKETING & SALES STRICT FOCUS ON RECEIVABLES OF DOMESTIC Age Group of brands BRANDED BUSINESS – 2+
Slide 13: Branded Formulations
A IM CO PESTICID ES LIM ITED BYKILL AIMCOPRO PYRIBAN Bifenthrin 2 EC, 2 G, 10 EC Fipronil 5% SC Chlorpyriphos 20% EC PROFENOTOX AIMCO-DDVP ANACONDA 505 Profenofos 50% EC Dichlorvos 6% EC Chlorpyriphos 50%, Cypermethrin 5 EC
Slide 14: Manufacturing Facility, Lote Parshuram, Ratnagiri
A IM CO PESTICID ES LIM ITED The company operates out of one manufacturing facility located at Lote Parshuram, Ratnagiri, Maharashtra MANUFACTURING BOTH TECHNICAL GRADE M Lote Parshuram, Ratnagiri CHEMICALS AND FORMULATIONS. ~250 PERSONNEL SET UP IN 1993 THIS UNIT WAS SET UP IN 1993, AS A MEASURE TO
Slide 15: Manufacturing Capacity
A IM CO PESTICID ES LIM ITED Largest Triclopyr 6,000 Tonnes ANNUAL CAPACITY OF TECHNICAL manufacturing GRADE CHEMICALS capacity in India and Number 3 globally. 7,000 Kilo Liters ANNUAL MANUFACTURING CAPACITY OF LIQUID FORMULATIONS 7,000 Tonnes ANNUAL MANUFACTURING CAPACITY OF GRANULES FORMULATIONS
Slide 16: Geographical Footprint
A IM CO PESTICID ES LIM ITED North America Gulf ~45 EXPORTING TO ~45 COUNTRIES IN markets BOTH DEVELOPED AND DEVELOPING MARKETS Latin America Australia 1 INTERNATIONAL SALES OFFICE 01 RAJASTHAN 05 TAMIL NADU 01 02 MADHYA PRADESH 06 ANDHRA PRADESH 03 02 08 5 DOMESTIC BRANCH OFFICES 07 ~925 03 GUJARAT
Slide 17: Product & Process Identification
A IM CO PESTICID ES LIM ITED Product Pilot Product Setting up Manufacturing Marketing & Process Manufacturing & Registration Manufacturing & Distribution Identification Data Collection Infrastructure § To start with, Aimco seeks § Lote Parshuram site is § Registration either of the § May take anywhe
Slide 18: Research & Development
A IM CO PESTICID ES LIM ITED Department Head Team of 16+ Expanding Portfolio R&D department headed by A team of 16+ chemists, scientists, and Actively working towards adding Dr. Samir Dave staff working in the R&D Department. molecules and expanding Aimco’s § Process development technical grade chem
Slide 19: Management Team
A IM CO PESTICID ES LIM ITED Mr. Pradeep Dave Mrs. Elizabeth Srivastav Dr. Samir Dave Mr. Ashit Dave FOUNDER & EXECUTIVE DIRECTOR MANAGING DIRECTOR EXECUTIVE DIRECTOR EXECUTIVE DIRECTOR & CFO B.Sc. (Chemistry) from MU Qualified in M.Sc. In Biochemistry Qualified Ph.D. in Synthetic Organic Qualified
Slide 20: Board of Directors
A IM CO PESTICID ES LIM ITED Mr. Dushyant Patel Mr. Ram Gopal Kaja Mr. Mayoor Amin Mr. Suresh Bhatt CHAIRMAN & NON-EXECUTIVE NON-EXECUTIVE & INDEPENDENT NON-EXECUTIVE & INDEPENDENT NON-EXECUTIVE & INDEPENDENT INDEPENDENT DIRECTOR DIRECTOR DIRECTOR DIRECTOR Mr. Dushyant D. Patel, aged 60 Mr. Kaja is
Slide 21: CSR: Ashram School construction
A IM CO PESTICID ES LIM ITED As part of its CSR Program, Aimco Pesticides Limited has funded the construction of a new school building with superior infrastructure and advanced facilities for a Primary & Secondary Ashram School – Village Ganjad, Taluka Dahanu, District Palghar.
Slide 22: CSR contributions and Covid-19 efforts
A IM CO PESTICID ES LIM ITED § Contribution at Boys Hostel run by Rotary Club of Bombay Airport § Contribution and Felicitation by Chiplun Municipal Coporation for AIMCO’s efforts towards combating Covid-19 pandemic § Disinfectant Powder, Face Mask and other necessary contributions made by AIMCO.
Slide 23: Long Term Strategies Outlook
22 Long Term Strategies 23 Outlook A IM CO PESTICID ES LIM ITED
Slide 24: Focus on technical grade portfolio expansion
A IM CO PESTICID ES LIM ITED The company has a principal focus on expanding its competencies in its technical grade portfolio. That is the domain in which its strength lies. Aimco is making continuous efforts to After the initial development phase, the add: company is investing in data collection a)
Slide 25: Ramping up production and capacities
A IM CO PESTICID ES LIM ITED The company There are a few The Company plans to FY23 performance of Aimco is focusing on is ramping up products under ramp up capital Branded Formulations improving its blended production and development in various expenditure towards business was better profitability m
Slide 26: Financial summaries index
25 Consolidated Profit and Loss Summary 26 Consolidated Balance Sheet Summary 27 Consolidated Cash Flow Summary 28 Market Statistics A IM CO PESTICID ES LIM ITED
Slide 27: Consolidated Profit and Loss Summary
A IM CO PESTICID ES LIM ITED Consolidated Profit and Loss Summary PARTICULARS FY23 FY22 FY21 FY20 FY19 (IN ₹ C RO RE S ) Revenue from Operations 206.19 311.99 175.69 185.24 197.25 Total Income 207.31 312.83 178.74 188.99 203.98 Total Operating Expenses 202.97 293.26 165.91 171.34 183.85 EBITDA 3.22
Slide 28: Consolidated Balance Sheet Summary
A IM CO PESTICID ES LIM ITED Consolidated Balance Sheet Summary PARTICULARS FY23 FY22 FY21 FY20 FY19 (IN ₹ C RO RE S ) Shareholder’s Fund 46.28 50.49 40.80 38.66 35.09 Non Current Liabilities 3.02 2.31 4.73 4.44 2.25 Current Liabilities 96.34 114.19 87.39 87.05 63.02 Total 145.65 166.99 132.92 130.1
Slide 29: Consolidated Cash Flow Summary
A IM CO PESTICID ES LIM ITED Consolidated Cash Flow Summary PARTICULARS FY23 FY22 FY21 FY20 FY19 (IN ₹ C RO RE S ) Operating profit/(loss) before working capital changes 3.17 18.67 9.99 14.09 15.18 Net Cash (used in)/generated from operating activities -11.13 22.59 7.82 3.52 14.34 Net Cash (used in)
Slide 30: Shareholding Summary for Aimco Pesticides Limited
A IM CO PESTICID ES LIM ITED S H A R EH O LDING S U M M A RY FO R A IM CO CURRENT MARKET PRICE ₹ 121 P EST ICIDES LIM IT ED (IN %) 52 WEEK HIGH/LOW ₹ 220/97 MARKET CAPITALIZATION ₹ 116 Cr SHARES OUTSTANDING 0.96 Cr 46.5% 53.5% BSE SCRIP CODE 524288 PUBLIC PROMOTER Market Price Data as on 9th Novembe
Slide 31: Reema Vara, Sayam Pokharna contacts
A IM CO PESTICID ES LIM ITED Reema Vara Sayam Pokharna COMPANY SECRETARY & COMPLIANCE OFFICER INVESTOR RELATIONS ADVISOR Aimco Pesticides Limited TIL Advisors E: investors@aimcopesticides.com E: sayam@theinvestmentlab.in M: +91 94266 60791
Slide 32: Disclaimer
A IM CO PESTICID ES LIM ITED No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Such information and opinions are in all events not c