Key Operational Highlights Q1'FY22
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
⚫FY22 started with entry
into pharma via strategic
acquisition of API &
intermediates business
undertaking of Ind-Swift
Laboratories
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,
15 production blocks
• 5 formulation facilities
• R&D team of ~350
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
Performance over a long
term period
6
• Revenue CAGR (FY18-
FY21) of 25.6%2
⚫ EBITDA CAGR (FY18-FY21)
of 27.2%3
• Pre-tax RoCE of more than
20% over last 4 years4
Well positioned to capture value from changing market landscape
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.
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