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Investor Presentaiton

PI EXTERNAL PI's value proposition Pi Inspired by Science Favorable dynamics driving Indian chemical industry • • . • growth 1 • Global specialty chemicals market expected to grow at 5.4% CAGR¹ Increasing focus on CSM as innovators shift focus to core competencies, developing new active ingredients and outsource production M&A activities boosting specialized CSM players Emerging new areas of innovation such as batteries, coatings, etc. Global supply chain risk diversification: China facing issues-pollution, trade wars, safety issues Business model ready to go beyond Ag-Chem • • • • 2 Business built on end-to- end partnerships with global innovators ~90% CSM revenues from patented molecules; 60%+ domestic revenues from in-licensed molecules Proven capabilities in agrochemicals; now ready to be replicated across other chemicals segments FY21 started with entry into pharma value chain- successfully developed and scaled up an intermediate for a promising Covid-19 drug Offerings across the value chain driven by strategic partnership • • • 3 Integrated and innovative services to provide Comprehensive solutions by partnerships Relationships with 20+ global innovators built on IP protection Strong tangibles: R&D, manufacturing, extensive network of intangibles: Brands • • • 4 Globally certified with use of Technology, 4 manufacturing facilities, 12 multi purpose plants 5 formulation facilities R&D team of 300 researchers and scientists Technology enabled distribution network and relationships with more than 2.5 million farmers/retailers Quality governance, talent & learning skills • . 5 Professionals with expertise across various technical and business functions Senior management team of qualified experienced professionals Well positioned to capture value from changing market landscape Performance over a long term period • 6 Revenue CAGR(FY18- FY20) of 21.6%² EBITDA CAGR(FY18-FY20) of 20.6%³ Pre-tax RoCE of more than • 20% over last 3 years4 Note: (1) FY19-24 CAGR; Source: Frost & Sullivan; (2) Revenue = Revenue from operating - excise duty; (3) EBITDA = Revenue - Cost of Materials consumed - Purchase of Stock in Trade - Changes in Inventories of FG, WIP and stock in trade - Employee Benefits expense - Other Expenses; (4) Pre-tax ROCE %= (EBITDA-D&A) Average Capital Employed (CE); CE=Net Debt + Total Equity. Q4 & FY21 Earnings Presentation 15
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