India Pesticides Ltd. · NSE:IPL
India Pesticides — Q4 FY23 Earnings Presentation
19 slides from India Pesticides's earnings presentation, May 31, 2023
Slide 1: Cover letter to stock exchanges
INDIA PESTICIDES LIMITED An ISO 9001:2015, 14001:2015, 45001:2018 and 10002:2018 Company CIN No. L24112 UP1984PLC006894 GSTIN- 09AAACI3591D1ZO IPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLIPLI
Slide 2: India Pesticides Limited Q4 FY23 Earnings Presentation
INDIA PESTICIDES LIMITED Q4 FY23 EARNINGS PRESENTATION www.indiapesticideslimited.com
Slide 3: Performance Highlights
Performance Highlights FY23 Q4 FY23 23.2% 10.8% 12M 12M Q4 Q4 Total Revenue EBITDA Total Revenue EBITDA INR 2,102 mn INR 450 mn INR 8,982 mn INR 2,011 mn Margin | 23.4% Margin | 22.4% 12M 12M Q4 Q4 EBIT PAT EBIT PAT INR 1,988 mn INR 1,432 mn INR 420 mn INR 300 mn Margin | 22.1% Margin | 15.9% Margin
Slide 4: Performance Highlights
Performance Highlights Driving growth, delivering excellence and shaping a sustainable future in Agrochemical industry “Driven by the focus of onboarding customers through planned strategies, the Company’s financial performance continued to gain momentum throughout the year. Despite the heightened v
Slide 5: Q4 FY23 Performance Highlights
Q4 FY23 Performance Highlights Rs in Million Total Income Gross Profit and Margins 54.5% 45.8% 1,815 2,011 989 920 Q4 FY22 Q4 FY23 Q4 FY22 Q4 FY23 EBITDA and Margins PAT and Margins 25.7% 22.4% 16.9% 14.9% 467 450 307 300 Q4 FY22 Q4 FY23 Q4 FY22 Q4 FY23 Consolidated numbers 4
Slide 6: FY23 Performance Highlights
FY23 Performance Highlights Rs in Million Total Income Gross Profit and Margins 54.7% 46.0% 7,293 8,982 3,992 4,132 12M FY22 12M FY23 12M FY22 12M FY23 EBITDA and Margins PAT and Margins 31.1% 21.7% 23.4% 15.9% 2,269 2,102 1,580 1,432 12M FY22 12M FY23 12M FY22 12M FY23 Consolidated numbers 5
Slide 7: Performance Summary
Performance Summary Robust growth supported by unique diversified product offerings Y-o-Y Y-o-Y Q-o-Q (Rs. Million) Q4 FY23 Q4 FY22 Q3 FY23 FY23 FY22 Change Change (%) Change (%) (%) Total Income 2,011 1,815 10.8% 2,222 (9.5)% 8,982 7,293 23.2% Gross Profit 920 989 (6.9)% 1,020 (9.8)% 4,132 3,992 3.
Slide 8: Revenue Break-up
Revenue Break-up Technicals + APIs constitute 80% of total revenue during FY23 Rs in Million Technicals + API Revenue Share 7,066 5,068 5409 18% 3,833 FY20 FY21 FY22 FY23 Q4 Formulation FY2023 82% 1753 1,783 1,358 Techinical + API Formulations 947 FY20 FY21 FY22 FY23 Consolidated numbers 7
Slide 9: India Pesticides At a Glance
India Pesticides At a Glance Diversified product offerings, ability to develop client specific molecules quickly and efficiently 2 • An R&D driven chemical manufacturer of Agro-Technicals & APIs, along with growing Active Manufacturing Formulation's business Facility • Focus on quality and sustainab
Slide 10: Capital Structure
Capital Structure Debt reduced by 77% ; Cash & bank balances at INR 986 mn (Rs. In million) 31st Mar 2021 31st Mar 2022 31st Mar 2023 Cash Flow from Operations (Rs. Million) Long Term Borrowings 74 36 17 833 Short Term Borrowings 228 119 19 758 Total Debt 303 155 36 Less: Cash & Bank Balance 454 437
Slide 11: Performance Highlights
Performance Highlights Return ratios declined due to new capacities and product launches; Return ratios are expected to normalize after new launches reach their revenue potential ROE (%) ROCE (%) 42% 54% 31% 41% 20% 27% FY21 FY22 FY23 FY21 FY22 FY23 ROA (%) Fixed Asset Turnover 5.5x 30% 24% 4.0x 3.6
Slide 12: Business Overview
Business Overview Sole Indian manufacturer of certain Technicals and among the leading manufacturers globally Key Technicals Category Application Prosulfocarb Herbicide Used in field crops, such as, wheat and potatoes Pretilachlor Herbicide Widely used for protecting rice crop Cymoxanil Fungicide Co
Slide 13: Manufacturing Facility and Sales Network
Manufacturing Facility and Sales Network Regular inspection of manufacturing facilities by international clients, external governing authorities and internal team for QA & HSE systems for their products, facilitates continuous improvement in operations & processes Manufacturing Facilities Plants as
Slide 14: Capacity and Product Portfolio Expansion
Capacity and Product Portfolio Expansion Consistent efforts towards generating and serving future potential demand • Launched one more selective systemic herbicide, exclusively Upcoming Expansion and Product for export purpose. • Received Technical Launch Equivalence (TEQ) certification • Hamirpur p
Slide 15: Strengths & Strategies
Strengths & Strategies Product portfolio and capacity expansion will be driving factors for growth Strength Strategy •Leveraging R&D capabilities •Continuous improvement on on existing & upcoming sustainability initiatives Strong R&D and product development capabilities products & processes •Strengt
Slide 16: Our CSR Involvement
Our CSR Involvement The project developed 5 Food Forests in Lucknow and the events were held through education on E environment protection. This on-going project has regular field visits and constant monitoring to ensure Nutrition Garden & proper growth of plants. Moreover, the project established n
Slide 17: Key Takeaways
Key Takeaways Board and Management is committed to continuous growth and sustainability Consistent growth with sustainable margins Net cash company with significant reduction in long term borrowings and increased cash flow from operations Higher return ratios due to efficient capital and asset utili
Slide 18: Disclaimer
Disclaimer Certain statements in this presentation concerning our future growth prospects are forward looking statements, which involve a number of risks, and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The company's results may b
Slide 19: India Pesticides Limited
INDIA PESTICIDES LIMITED Corporate office: Water Works Road, Aishbagh, Lucknow - 226 004, Uttar Pradesh, India +91 522 2653602 www.indiapesticideslimited.com