Yasho Industries Ltd. · NSE:YASHO
Yasho Industries — H1 FY22 Earnings Presentation
35 slides from Yasho Industries's earnings presentation, Nov 18, 2021
Slide 1: Yasho Industries Limited Investor Presentation – November 2021
Yasho Industries Limited Investor Presentation – November 2021
Slide 2: Safe Harbour
2 Safe Harbour This presentation and the accompanying slides (the “Presentation”), which have been prepared by Yasho Industries Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any s
Slide 3: Q2 & H1 FY22 Highlights
3 Q2 & H1 FY22 Highlights
Slide 4: Business Highlights
4 Business Highlights H1 FY22 “Due to disruptions in the global supply chain, there is an increasing focus on Indian chemical manufacturers to act as an alternate regional supplier. Continuous process improvements & commercialisation of new quality products has helped us to position ourselves well i
Slide 5: Quarterly Performance
5 Quarterly Performance Revenue (Rs. Crs.) EBITDA (Rs. Crs.) PAT (Rs. Crs.) 14.7% 18.4% Margin 3.5% 10.0% Margin +54.3% +92.5% +335.1% 137.2 25.2 13.7 88.9 13.1 3.2 Q2FY21 Q2FY22 Q2FY21 Q2FY22 Q2FY21 Q2FY22 Export (%) Sales Volume (MTPA) EBITDA/ Tonne** (Rs) +47.4% 65.1% 2,651 84,231 57.7% 65,069 1,
Slide 6: Half-Yearly Performance
6 Half-Yearly Performance Revenue (Rs. Crs.) EBITDA (Rs. Crs.) PAT (Rs. Crs.) 15.1% 17.5% Margin 3.7% 9.1% Margin +67.6% +94.4% +310.0% 271.3 47.5 24.6 161.9 24.5 6.0 H1FY21 H1FY22 H1FY21 H1FY22 H1FY21 H1FY22 Export (%) Sales Volume (MTPA) EBITDA/ Tonne** (Rs) +58.7% 60.6% 64.5% 5,098 83,596 68,664
Slide 7: Growing Contribution From Value Added Segments
7 Growing Contribution From Value Added Segments H1 FY21 Segment-wise H1 FY22 Segment-wise Revenue Breakup (Rs 159 Cr) Revenue Breakup (Rs 265 Cr) 13% 15% Aroma Chemicals 21% 7% 31% Food Antioxidants 15% 13% Rubber Chemicals 31% Lubricant Additives 18% 36% Speciality Chemicals H1 FY21 Region-wise H1
Slide 8: Profit & Loss Statement
8 Profit & Loss Statement Particulars (Rs. In Crs.) Q2 FY22 Q2 FY21 Y-o-Y H1 FY22 H1 FY21 Y-o-Y Revenue from Operation 134.4 87.5 266.4 159.6 Other income 2.9 1.4 4.9 2.3 Total Revenue 137.2 88.9 54.3% 271.3 161.9 67.6% Cost of Material Consumed 81.5 56.7 166.4 104.3 Employee's Benefits Expense 8.1
Slide 9: Balance Sheet
9 Balance Sheet ASSETS (Rs. Crs) Sep-21 Mar-21 EQUITY AND LIABILITIES (Rs. Crs.) Sep-21 Mar-21 Non-Current Assets Shareholders Funds 103.1 78.9 Property, Plant and Equipment 105.7 103.1 Shareholder's equity 10.9 10.9 Capital Work-in-Progress 0.0 0.0 Reserve & Surplus 92.2 68.0 Intangible Assets 17.9
Slide 10: Cash Flow Statement
10 Cash Flow Statement Particulars (Rs. Crs.) Sep-21 Sep-20 Net Profit Before Tax 33.5 8.9 Adjustments for: Non Cash Items / Other Investment or Financial Items 13.9 15.3 Operating profit before working capital changes 47.5 24.2 Changes in working capital (33.1) (15.3) Cash generated from Operations
Slide 11: Company Overview
11 Company Overview
Slide 12: Yasho Industries Ltd: A Snapshot
12 Yasho Industries Ltd : A Snapshot Manufacturer of Specialty & Technocrat Promoters Performance Chemicals Strong Presence in Global Certifications Over 50 Countries Business Verticals: 5 Total Products : 148 11,000 MT 3 Manufacturing Units in Manufacturing Capacity Vapi, Gujarat
Slide 13: Our Journey from Aromatic Chemicals to Rubber & Lubricant Additives
13 Our Journey from Aromatic Chemicals to Rubber & Lubricant Additives • Commenced exclusive • Commenced manufacturing of • Commenced manufacturing of • REACH registration • Expansion at Unit-2, • Set up Unit-3 in operations for Aromatic various Rubber Chemicals various Lubricant additives started f
Slide 14: Diversified Business Portfolio
14 Diversified Business Portfolio Highly Competitive segments Limited Competition, Export Opportunity and Superior Margin Profile Aroma Chemicals Food Antioxidants Rubber Chemicals Lubricant Additives Specialty Chemicals Business Verticals Multi-Products Multi-Applications Multi-Reach
Slide 15: Made in India: Delivering Globally
15 Made in India : Delivering Globally Strong Presence in over 50 countries across Exports over 60% Europe, America, Middle East and Asia. H1 FY22 Region-wise Revenue Breakup (Rs 265 Cr) 16% India 36% USA 22% Europe 26% ROW Recognized Supplier in Global Markets since last 2 Decades Excluding Other I
Slide 16: Large Marquee Clients
16 Large Marquee Clients We are a customer-centric producer, with the ability to deliver as per the specifications desired by our buyers. Serving 1,000+ Clients The Brand Names mentioned are the property of their respective owners and are used here for identification purposes only
Slide 17: Our Facilities are Multipurpose & Multiproduct
17 Our Facilities are Multipurpose & Multiproduct Total Capacity 3 Units at 1,800 MTPA Capacity Added Competitive Edge 11,000 MTPA Vapi, Gujarat in last 6 Month • 900 MTPA capacity added through debottlenecking and is expected to Strategically located within 200 Kms Unit 1: 4,350 MTPA 01 expected to
Slide 18: Research & Development is Core to Our Approach
18 Research & Development is Core to Our Approach • Being a specialty chemicals company, our R&D Team is the backbone of the company. It has contributed greatly to the growth and expansion of our company. • Our R&D facility is DSIR certified, thereby having official recognition by the Government • O
Slide 19: Committed to Environment
19 Committed to Environment Greening our Operations Our R&D team identifies process Process intensification has Further, the use of bottlenecks and undertakes helped to reduce energy environment-friendly catalysts specific initiatives to enhance intensive processes. in the units help in efficiencies
Slide 20: Global Certifications: Highly Compliant Manufacturer
20 Global Certifications : Highly Compliant Manufacturer • REACH is a regulation of the European Union, adopted to improve the • Delivering quality products across the globe protection of human health and the environment from the risks that can be posed by chemicals, while enhancing the competitiven
Slide 21: Corporate Social Responsibility
21 Corporate Social Responsibility Initiative to Re-Construct School in Vapi District • Financed and supervised the reconstruction of Kocharva Patel Falia School, in Vapi District, Gujarat • Stalled due to COVID-19, Company came forth with a funding of Rs. 1.2 Crores for the re-construction of the s
Slide 22: Founding Team on the Board
22 Founding Team on the Board Mr. Vinod Jhaveri Mr. Parag Jhaveri Mr. Yayesh Jhaveri Chairman & Executive Director Managing Director & CEO Whole Time Director & CF0 • One of the founding promoters of the Company. He is a • M.Sc Chemistry from Mumbai University. He has over three • Commerce graduate
Slide 23: Along with the Independent Directors
23 Along with the Independent Directors Mr. Anurag Surana Mr. Ullal Bhatt Mrs. Mila Desai Dr. Prakash Bhate Independent Director Independent Director Independent Director Independent Director • He has 27 years of professional • M.Sc. from IIT, Kanpur and has attended • Mrs. Mila Desai has completed
Slide 24: Business Overview
24 Business Overview
Slide 25: Aroma Chemicals
25 Aroma Chemicals Aroma Chemicals Food Antioxidants Rubber Chemicals Lubricant Additives Specialty Chemicals • We are the market leaders for clove oil and its derivatives • Chemicals like fatty esters and natural essential / aroma oils cater to a gamut of personal care products such as cosmetics an
Slide 26: Food Antioxidants
26 Food Antioxidants Aroma Chemicals Food Antioxidants Rubber Chemicals Lubricant Additives Specialty Chemicals • Fatty oils and oil-based foods are prone to auto-oxidation that results in a rancid taste and unpleasant odour • Our antioxidants help inhibit the negative effects of oxidation. • The YA
Slide 27: Rubber Chemicals
27 Rubber Chemicals Aroma Chemicals Food Antioxidants Rubber Chemicals Lubricant Additives Specialty Chemicals • Our range of rubber chemicals is used to manufacture rubber products like tyres, automotive components like hoses, seals, conveyor belts, and others • They are also used in the manufactur
Slide 28: Lubricant Additives
28 Lubricant Additives Aroma Chemicals Food Antioxidants Rubber Chemicals Lubricant Additives Specialty Chemicals • Our Lubricant additives improve the performance of lubricants by providing critical performance parameters • They improve boundary lubricity, extreme pressure properties, inhibit corro
Slide 29: Specialty Chemicals
29 Specialty Chemicals Aroma Chemicals Food Antioxidants Rubber Chemicals Lubricant Additives Specialty Chemicals • These value-added chemicals are used as stabilisers for acrylics, printing inks, UPR resins and fibre composite resins, as cross linkers for thermoplastics urethanes, electroplating ch
Slide 30: Embracing Opportunities
30 Embracing Opportunities Opportunities Our Edge Future Ready • Recognized global partner • Capacity ready for future growth • China +1 opportunity • Strategically located near port • Continuous product development • Strong domestic demand • Multi-purpose, multiproduct plant • Dedicated R&D Centre
Slide 31: Financial Highlights
31 Financial Highlights
Slide 32: Performance Highlights
32 Performance Highlights Revenue (Rs. Crs.) EBITDA (Rs. Crs.) PAT (Rs. Crs.) 12.5% 12.4% 11.7% 14.3% 16.0% 17.5% 1.9% 3.1% 3.5% 4.0% 5.8% 9.1% Margin +16.8% 369.5 +24.4% 59.1 24.6 343.4 21.5 300.3 47.5 +55.2% 254.2 271.3 40.1 42.9 198.4 31.6 11.9 12.1 24.7 8.0 3.7 FY17 FY18 FY19 FY20 FY21 H1 FY22 F
Slide 33: Key Ratios
33 Key Ratios ROE (%) ROCE (%) Net Debt / Equity (x) 48.0% 29.6% 6.8 20.5% 26.0% 27.2% 17.5% 3.8 23.5% 13.7% 14.1% 15.4% 21.2% 20.9% 2.9 2.5 1.7 1.6 FY17 FY18 FY19 FY20 FY21 H1 FY22 FY17 FY18 FY19 FY20 FY21 H1 FY22 FY17 FY18 FY19 FY20 FY21 H1 FY22 Fixed Asset Turnover (x) Working Capital Days 5.9 19
Slide 34: Way Forward
34 Way Forward Capacity Addition Focusing on High Margin Products • 1,800 MTPA capacity added through debottlenecking and is • Improving our product mix significantly to high margin Rubber expected to fully commercialized from Q4FY22 onwards chemicals, Lubricant additives and Specialty products port
Slide 35: Contact Information
Contact Information Company : Investor Relations Advisors : Yasho Industries Ltd. Strategic Growth Advisors Pvt. Ltd. CIN – L74110MH1985PLC037900 CIN - U74140MH2010PTC204285 Mr. Yayesh Jhaveri Mr. Shrikant Sangani / Ms. Pankti Majithia Email - yayesh@yashoindustries.com Email - shrikant.sangani@sgap