Sharda Cropchem Ltd. · NSE:SHARDACROP
Sharda Cropchem — Q1 FY17 Earnings Presentation
15 slides from Sharda Cropchem's earnings presentation, August 2016
Slide 1: Q1 FY17 Results Update August 2016
Q1 FY17 RESULTS UPDATE AUGUST 2016
Slide 2: Disclaimer
DISCLAIMER This presentation and the following discussion may contain “forward looking statements” by Sharda Cropchem Limited (“Sharda” or “the Company”) that are not historical in nature. These forward looking statements, which may include statements relating to future results of operations, financ
Slide 3: Discussion Summary
DISCUSSION SUMMARY Q1 FY17 Results Highlights Q1 FY17 Consolidated Financials About Us Business Model Business Strategy & Outlook 3
Slide 4: Q1 FY17 Results: Key Highlights
Q1 FY17 RESULTS: KEY HIGHLIGHTS In Rs Mn REVENUES & GROSS MARGIN EBITDA & EBITDA MARGIN * PAT & PAT MARGIN 35.8% 22.7% 32.1% 18.3% 13.1% 13.0% 3,140.5 2,774.8 714.0 408.9 363.6 506.4 13.2% 41.0% 12.5% Q1 FY16 Q1 FY17 Q1 FY16 Q1 FY17 Q1 FY16 Q1 FY17 Revenues Gross Margin % EBITDA EBITDA Margin % PAT
Slide 5: Q1 FY17 Results: Key Highlights
Q1 FY17 RESULTS: KEY HIGHLIGHTS FINANCIAL UPDATE - • Q1 FY17 total revenues grew by 13.2% YoY - • Region-wise Growth – Europe (22.9%), NAFTA (0.2%), LATAM (24.6%), ROW (-1.5%) • Q1 FY17 gross profit grew by 26.3% YoY in line with revenues. Q1 FY17 gross margin increased by 373 bps from 32.1% to 35.8
Slide 6: Q1 FY17 Results: Revenue Analysis
Q1 FY17 RESULTS: REVENUE ANALYSIS In Rs Mn AGROCHEMICALS VS. NON-AGROCHEMICALS GEOGRAPHICAL PRESENCE – AGROCHEMICAL SALES Revenues Agrochemical From Operations 2,769.2 3,139.2 Revenues 2,327.4 2,573.1 9.4% 7.3% 16.0% 18.0% 13.3% 14.2% 30.4% 26.2% 84.0% 82.0% 47.0% 52.3% Q1 FY16 Q1 FY17 Q1 FY16 Q1 FY
Slide 7: Q1 FY17 Working Capital Analysis
Q1 FY17 WORKING CAPITAL ANALYSIS WORKING CAPITAL ANALYSIS * 142 145 141 111 52 42 Q1 FY16 Q1 FY17 Inventory Days Receivables Days Creditors Days NET WORKING CAPITAL DAYS DECREASED FROM 73 DAYS IN Q1 FY16 TO 56 DAYS IN Q1 FY17 * Calculated on closing inventory, receivables, creditors In Rs Mn 7
Slide 8: Consolidated Profit & Loss Statement
CONSOLIDATED PROFIT & LOSS STATEMENT Difference Q1 FY16 Q1 FY16 Q1 FY17 Particulars (In Rs Mn) Q1 FY16 YoY % Remarks IGAAP IND AS IND AS (IND AS Vs IGAAP) Provision for expected redemption of Revenue from Operations 2,790.4 -21.2 2,769.2 3,139.2 13.4% sales incentive vouchers, selling & distribution
Slide 9: About Us: Company Overview
ABOUT US: COMPANY OVERVIEW Sharda Cropchem Limited is a global crop protection chemical company largely operating across Europe, NAFTA and Latin America across fungicides, herbicides and insecticides. Sharda operates with an asset light business model focused on identification and registration o
Slide 10: About Us: Financial Summary
ABOUT US: FINANCIAL SUMMARY In Rs Mn REVENUE FROM OPERATIONS EBITDA & EBITDA Margin PAT & PAT Margin CAGR: 19 % 12,186 CAGR: 22 % CAGR: 26 % 10,611 20.0% 18.0% 19.5% 16.3% 21.9% 11.2% 10.8% 14.1% 11.6% 14.4% 7,777 7,904 6,135 2,669.1 1,750 1,726.5 1,111 1,230 1,225.0 1,399.8 1,542.6 687 844 FY12 FY1
Slide 11: About Us: Shareholding Structure
ABOUT US: SHAREHOLDING STRUCTURE Share Price Performance As on 4h August 2016 CMP Rs 377.15 Market Data 500.0 30000.0 (BSE) 400.0 20000.0 Market capitalization (Rs Mn) 34,026.7 300.0 200.0 10000.0 Price (Rs.) 377.15 100.0 0.0 0.0 No. of shares outstanding (Mn) 90.2 Face Value (Rs.) 10.0 Sharda Cropc
Slide 12: Differentiated Business Model: Asset Light Model
DIFFERENTIATED BUSINESS MODEL: ASSET LIGHT MODEL Agrochemical Value Chain Sharda’s Operating Area Basic & Active Formulation & Marketing & Applied Identification Registration Ingredient Packaging Distribution Research Manufacturing ASSET LIGHT BUSINESS MODEL Sharda’s Model: Traditional Model: Demand
Slide 13: Business Strategy & Outlook
BUSINESS STRATEGY & OUTLOOK Leverage market presence and execution capabilities. Forward Integration - Adopt the factory-to-farmer approach and be a one-stop solution provider. Build own Sales Force Strategy on-ground in Mexico, Colombia, Hungary, Spain, Poland, Italy, Portugal, USA & India. E
Slide 14: About Us: Our Presence
ABOUT US: OUR PRESENCE Agrochemical Operations Diversified business operations across the globe leading to reduced risk of adverse market and seasonal conditions 14
Slide 15: Thank You
FOR FURTHER QUERIES: THANK YOU Mr. Conrad Fernandes Mr. Nilesh Dalvi / Mr. Yashesh Parekh Chief Financial Officer IR Consultant Email: cfernandes@shardaintl.com Email: nilesh.dalvi@dickensonir.com Contact No: +91 22 6678 2800 yashesh.parekh@dickensonir.com Contact No: +91 9819289131 / 8108321555 15