A n n u a l G e n e r a l M e e t i n g | J u l y 3 1 , 2 0 1 9 - PowerPoint PPT Presentation

A n n u a l G e n e r a l M e e t i n g | J u l y 3 1 , 2 0 1 9 | 15

125 th birth year of Kasturbhai Lalbhai Kasturbhai Lalbhai (1894 – 1980) Simplicity is the ultimate sophistication. Leonardo da Vinci | 15

Population and GDP 100.0% 7.7 18.0% 17.0% Population in bn 1.4 1.3 World China India 100.0% 16.0% 3.0% 84.0 GDP in US$ tn 13.5 2.7 World China India 1 | 15

Chemical industry 100.0% Chemical industry forming 11.5% of GDP 5.2% of GDP 35.0% 3.0% World China India US$ 4.60 tn US$ 1.60 tn US$ 0.14 tn 2 | 15

Chemicals and daily life | 15

2018-19 financials ` cr Sales PBT 26% 64% 3,845 3,052 652 397 FY 18 FY 19 FY 18 FY 19 EBIDTA % RoCE % 3% 10% 32% 22% 20% 17% FY 18 FY 19 FY 18 FY 19 3 | 15

Dividend 150%* 120% 100% 100% 85% 75% 60% 45% 45% 40% FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 *recommended by the Board 4 | 15

Projects investment of at 100% sales of ~ ` 400 cr capacity utilisation ~ ` 850 cr Two projects will make two of the four sites at Atul zero liquid discharge. No borrowing envisaged for these projects. 5 | 15

Cash flow | five-year average Amount Particulars ( ` ` cr) 357 Cash flow from operating activities Spent on projects 193 Free cash flow 164 6 | 15

Financials: Subsidiary | joint venture companies 120 25 25 10 23 ` cr 104 21 19 100 20 20 8 76 15 15 80 15 15 6 57 12 55 60 48 6 14 10 13 10 4 35 5 12 40 4 8 5 5 2 20 3 3 3 6 4 0 0 0 0 FY14 FY15 FY 16 FY 17 FY 18 FY 19 FY 14 FY 15 FY 16 FY 17 FY 18 FY 19 Atul Bioscience (100%) DPD (98%) 40 25.0 100 25 33 83 32 20.0 73 80 20 30 26 65 23 15.0 59 60 15 19 43 20 10.0 16 15 15 14 14 40 10 30 10 10 9 5.0 10 20 5 8 0.0 2 5 0.4 -0.6 0 -5.0 0 0 FY 14 FY 15 FY 16 FY 17 FY 18 FY 19 FY 14 FY 15 FY 16 FY 17 FY 18 FY 19 Rudolf Atul Chemicals (50%) Amal (53%) Sales PBT Combined sales: ` 243 cr | PBT: ` 42 cr | RoCE: 31% 7 | 15

Atul Bioscience Ltd ABL, a 100% subsidiary company, acquired a site in Ambernath, Maharashtra. | 15

DPD Ltd, United Kingdom DPD, a 98% subsidiary company, will enhance production of date palms in new facilities. | 15

Anaven LLP Anaven, a 50-50 JV with Nouryon, will soon begin manufacturing MCA in India. | 15

Retail | 15

Serving society | Kalyani Shala 6,491 students have passed out from the school | 15

Serving society | Atul Vidyalaya 620 students have passed out from the school | 15

Serving society | Atul Vidyamandir 440 students have passed out from the school | 15

Serving society | Atul Institute of Vocational Excellence 7,110 students trained | 15

Serving society | Atul Adhyapika 63 Atul Adhyapikas have taught in 62 schools | 15

Serving society | Industrial Training Institutes Ankleshwar Khergam Khergam Sagbara Bilimora Managing four ITIs | 15

Serving society | Individual household toilets ~5,000 individual household toilets built | 15

Serving society | Urmi | 15

125 th birth anniversary of Kasturbhai Lalbhai Children Farmers Youth Community 8 | 15

Q1 financial results 2019-20 2018-19 Q1 Q1 Q4 Sales 975 872 981 EBIDTA % 23% 16% 20% PBT from operations 197 127 166 PAT 130 84 109 RoCE % 35% 27% 31% 9 | 15

Striving towards operational excellence understanding of value productivity, efficiency, the marketplace for customers asset velocity | doing every task well | 10 | 15

Striving towards operational excellence process orientation people orientation 11 | 15

Need to sustain a pioneering spirit 2,4-D Acid and its derivatives Dapsone Epoxy curing agents and resins Dyes and dye intermediates p- Anisic aldehyde p- Cresol Phosgene Resorcinol Sulphonyl ureas Tissue culture date palm plants ……………………………………………………………………………………………………………….……………………………………………… ……………………………………………………………………………………………………………….……………………………………………… ……………………………………………………………………………………………………………….……………………………………………… ……………………………………………………………………………………………………………….……………………………………………… ……………………………………………………………………………………………………………….……………………………………………… ……………………………………………………………………………………………………………….……………………………………………… ……………………………………………………………………………………………………………….……………………………………………… ……………………………………………………………………………………………………………….……………………………………………… 12 | 15

Gratitude 2,574 6,000 team members customers 9 28,130 non-executive directors shareholders 13 | 15

Women power | 125+ There is no force equal to a woman determined to rise. William Du Bois | 15

Gratitude Dr Satguru Baijal Mr Hasmukh Shah [35 years] [27 years] | 15

Share price 3,573 ` per share 2,622 2,380 1,541 1,128 FY15 FY16 FY17 FY18 FY19 14 | 15

Key performance ratios Particulars FY 19 FY 18 Earnings per share ( ` ) 144.5 91.2 Price | Earning (times) 24.8 28.7 Book value per share ( ` ) 893.4 741.0 Price | Book value (times) 4.0 3.5 Enterprise value | EBIDTA (times) 13.8 15.1 Fixed asset turnover (times) 3.0 2.6 Turnover to average capital employed (times) 1.9 1.7 Current ratio (times) 2.6 2.3 Quick ratio (times) 1.5 1.3 Market capitalisation ( ` cr) 10,608 7,729 Market price per share ( `) 3,573 2,613 Profit after tax ( ` cr) 429 270 15 | 15

miles to go | 15