Pi Industries Limited · NSE:PIIND
Pi Industries — Q4 FY2024 Earnings Presentation
24 slides from Pi Industries's earnings presentation, May 2024
Slide 1: PI Industries Ltd. Investor Presentation Q4 FY24 Results
PI Industries Ltd. Investor Presentation Q4 FY24 Results 1
Slide 2: Agenda
AGENDA CDR India • Consolidated Financial Performance Siddharth Rangnekar siddharth@cdr-india.com • CSM Exports Nishid Solanki nishid@cdr-india.com • Domestic Agri Brands Tel: +91 22 6645 1221 /1209 Fax: +91 22 6645 1213 • Pharma Updates PI Industries Limited • Business Model and Strategy Rajnish Sa
Slide 3: Outperformance continues…
Outperformance continues… driven by differentiated business model and diversified product portfolio Revenue EBITDA PAT Figures in Rs. Million *Q4FY24 17,410 11% 4,442 29% 3,695 32% *FY24 76,658 18% 20,252 31% 16,815 37% Commercialised Diversification in Trade working 1st Ai from India 6 new products
Slide 4: Agchem Exports sustaining the growth momentum
Agchem Exports sustaining the growth momentum New products driving growth CONSOLIDATED Fig in Rs. Million Q4FY23 Q4FY24 % YOY ▪ Overall 11% Y-o-Y revenue growth ▪ 9% growth in Agchem Exports mainly driven by volumes and new Revenue 15,656 17,410 11% products2. Gross Margin 45% 54% 903 bps ▪ Pharma1
Slide 5: Robust performance in FY24 despite challenging times
Robust performance in FY24 despite challenging times Scale-up of new products diversifying Exports portfolio CONSOLIDATED Fig in Rs. Million FY23 FY24 % YOY ▪ Overall 18% Y-o-Y revenue growth ▪ 19% growth in Agchem Exports over a high base mainly on account Revenue 64,920 76,658 18% of scale-up of e
Slide 6: Strong debt-free Balance Sheet and sustained cash generation providing economic resilience…
Strong debt-free Balance Sheet and sustained cash generation providing economic CONSOLIDATED resilience… Fig in Rs. Million Mar-23 Mar-24 Highlights FY24 Shareholders Fund 71,985 87,310 Non Current Liabilities 994 3,224 ▪ Net fixed asset increase by Rs. 7,902 million Y-o-Y. Long term borrowings - 61
Slide 7: PI Health Sciences: Initial development spend reflecting in the financials…
PI Health Sciences: Initial development spend reflecting in the financials… Build-up of a differentiated CRDMO platform progressing as per plan Q4FY24 Ind AS Q4FY24 FY24 Ind AS FY24 Fig in Rs. Million Proforma Adjustment Reported Proforma Adjustment Reported Revenue 802 (87) 715 3,641 (492) 3,149 ▪
Slide 8: Continued trend of stellar financial performance with a focus on enhancing shareholder value
Continued trend of stellar financial performance with a focus on enhancing shareholder value Figures in Rs Million Revenue EBITDA PAT 16,815 CAGR: 22.8% 76,658 CAGR: 29.6% 20,252 CAGR: 38.5% 64,920 12,295 52,995 15,489 45,770 11,460 8,438 33,665 10,166 7,383 7,186 4,566 Exports FY20 FY21 FY22 FY23 F
Slide 9: State-of-art Manufacturing Assets with continued thrust to adapt sustainable practices
State-of-art Manufacturing Assets with continued thrust to adapt sustainable practices 15 fully automated Multipurpose Plants (MPPs) with Distributed Control system (DCS) spread across 5 locations Carrying out unit processes with state-of-the-art, cutting-edge technology for handling complex chemist
Slide 10: World-class R&D set-up delivering innovative and disruptive solutions
World-class R&D set-up delivering innovative and disruptive solutions State-of-the-art R&D Labs Specialized department of at Udaipur, Hyderabad, R&D IT experts focusing on Jaipur, Lodi and Alabama advanced data management Inauguration of the latest addition to our R&D facility (Udaipur) – pXRD (Powd
Slide 11: Momentum of new brand launches in domestic market to continue..
Momentum of new brand launches in domestic market to continue.. 7 Innovative Brands launched in FY24 CLARET® KADETT® AMINOGROW COTANCE® Unique Seed treatment in ACTIV Revolutionary combination of Soybean & Amino acid & Nematicide that systemic and Groundnut to Peptides product to offers long lasting
Slide 12: EKETSU Successful launch of 3-way rice herbicide
EKETSU Successful launch of 3-way rice herbicide For Rice Growers in quest of effective weed management, Eketsu is first 3-way post emergence rice herbicide mixture, for broad spectrum weed control with convenience of use, which provides excellent Echinochloa, sedges and Broad Leaf Weeds management
Slide 13: Momentum of new product launches to continue into FY25..
Momentum of new product launches to continue into FY25.. New generation Diamide with broad spectrum 4+ Innovative Products to be launched Lepidopteran Pest management Insecticide Broad spectrum ▪ Proven and innovative chemistry in sucking new generation pest segment of field crops insecticide for ▪
Slide 14: Our biologicals solutions are enhancing sustainable agriculture
Our biologicals solutions are enhancing sustainable agriculture Biologicals Portfolio Aminogrow Activ Armatura® ▪ Amino acid and peptides product to enhance ▪ This is the first MRL-exempted bio-chemical quality of fruit and lower flower drop fungicide available for Indian farmers. ▪ It is preventive
Slide 15: Most comprehensive innovative portfolio for all major crops
Most comprehensive innovative portfolio for all major crops HORTICULTURE CHILLI CORN SOYBEAN RICE COTTON WHEAT 15
Slide 16: Outlook remains positive…
Outlook remains positive… Domestic: • Elevated inventory levels in the industry and price pressure from generics to continue for next few quarters Focus on portfolio • New launches and focus on Biologicals to drive growth diversification with high • Integrated crop solution approach with disciplined
Slide 17: PI the company
An organisation that is committed to excellence in whatever it does … known for over 2 decades to be the top wealth creator . . . PI the company “Outshines competitors in delivering business needs of the customers by unlocking value & fearlessly reinventing ourselves ” A Trusted brand & Successful S
Slide 18: Lead with science, technology and human ingenuity to create transformative solutions in life sciences
“Lead with science, technology and human ingenuity to create transformative solutions in life sciences” Partner Science & Digital Edge People First ESG Centric Technology Anchored Driven Integrated digital Best opportunities First to identify solutions to gain for employees to ESG the way of & deliv
Slide 19: Business model built on the principles of respect for IP and established relationships
Business model built on the principles of respect for IP and established relationships Leading Agchem Distribution India’s largest CRAMS Company Company in India with Domestic Brand Market with majority revenue from Exports Market leading market share in Patented Products certain crops Leveraging ou
Slide 20: Multipronged strategy to sustain the growth momentum backed by multiple growth engines & aggressive M&A
Multipronged strategy to sustain the growth momentum backed by multiple growth engines & aggressive M&A Market • Expansion Build Explore and exploit • Creation Customer Intimacy untapped chemistry • Segments Product & areas Customer-centric services • Operation excellence Deepening our technological
Slide 21: PI featured in the S&P Global Sustainability Yearbook 2024
PI featured in the S&P Global Sustainability Yearbook 2024 Ranked among the best ESG rated companies globally… Environmental Social and Governance SDG Alignment Key Material Issues Key Highlights • 90% of raw material/ packing material suppliers assessed for sustainable sourcing including their envi
Slide 22: Our CSR efforts focused on community welfare & environment
Our CSR efforts focused on community welfare & environment Health & Hygiene Women Empowerment Health & wellness support for rural communities ▪ Program running in 80 rural villages ▪ Supporting communities in 64 villages in ▪ 6300+ women smallholders directly benefitted Swasthya Seva Program in FY23
Slide 23: Rewards and Recognition
Rewards and Recognition India’s Best Trailblazer India's Top Value Top 25 Safest CEO – Agro Chemical for Creator 2023 - Agro Workplaces in India Mr. Mayank Singhal Chemicals by KelpHR Posh by Corporate Leadership by Dun & Bradstreet Awards 2023 Awards 2024 Karkhana Suraksha Puraskar Award 2023 Globa
Slide 24: Thank You
Inspired by Science “% ~=Thank You