Sequent Scientific Limited has informed the Exchange about Investor Presentation
Proven Ability In Life Sciences
May 21, 2025
To, BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Fort, Mumbai - 400 001
National Stock Exchange of India Limited Exchange Plaza, Bandra-Kurla Complex, Bandra (East), Mumbai - 400 051
Scrip code: 512529
Scrip code: SEQUENT
Subject: Press Release and Investor Presentation for FY 2024-25
Dear Sir/Madam,
Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are enclosing herewith the Press Release and Investor Presentation on Audited Standalone and Consolidated Financial Results for the quarter and year ended March 31, 2025.
This is for your information and appropriate dissemination.
Thanking you,
Yours faithfully, For Sequent Scientific Limited
Yoshita Vora Company Secretary & Compliance Officer
Registered Office: 3rd Floor, Srivalli’s Corporate, Plot No. 290, SYN 33 34P TO 39, Guttala Begumpet, Jubilee Hills, Hyderabad - 500033, Telangana
Office: 301, 3rd Floor, Dosti Pinnacle, Plot No. E7, Road No. 22, Wagle Industrial Estate, Thane (W), Mumbai - 400604, Maharashtra
SeQuent Scientific Limited
Tel No.: +91 9391139986 / 22-4111 4777 I CIN: L99999TS1985PLC196357 Website: http://www.sequent.in I Email Id: investorrelations@sequent.in
SeQuent growth continues to accelerate Q4 FY25 – Revenues at ₹ 4,017 Million up by 11.2%, EBITDA at ₹ 569 Million up 38.7%
FY25 – Revenues at ₹ 15,514 Million up by 13.3%, EBITDA at ₹ 1,993 Million up 86.6% Mumbai, May 20, 2025
SeQuent Scientific Limited (SeQuent), which has businesses across Animal Health Formulations and APIs announced its financial results today for the quarter and year March 31, 2025
Consolidated Financial Highlights
₹ in millions
Q4FY25
Q4FY24
Growth %
FY25
FY24
Growth %
Revenues
EBITDA
Margins
4,017
569
3,612
411
11.2%
38.7%
14.2%
11.4%
280 bps
15,514
1,993
12.8%
13,697
1,068
7.8%
13.3%
86.6%
500 bps
Detailed presentation on the performance forms part of this press release
Commenting on the Company’s performance, Rajaram Narayanan, Managing Director stated “This quarter reinforces the momentum that we have
built in the business over the last 18 months. The significant improvement in profitability metrics and double-digit revenue growth has come on the back
of several initiatives which have helped deliver a superior product mix, accelerate launches and improve operational efficiency. Our proposed merger with
Viyash Life Sciences is proceeding on plan. The strong performance in FY 24-25 marks a turning point for us, as we prepare to accelerate the growth of
the company and create the foundation for the Sequent 3.0 journey.”
Earnings Call with Investors
The Company will conduct an Earnings call at 9:00 AM IST on May 21, 2025 where the Management will discuss the Company’s performance and answer questions from participants. To participate in this conference call, please dial the numbers provided below ten minutes ahead of the scheduled start time. The dial-in numbers for this call are +91 22 6280 1263 or +91 22 7115 8213
About SeQuent Scientific Limited
SeQuent Scientific Limited (BSE-512529, NSE-SEQUENT) corporate office in Mumbai, India with a global footprint, operates in the domains of Formulations and APIs. SeQuent has seven manufacturing facilities based in India, Spain, Brazil and Turkey with approvals from global regulatory bodies including USFDA, EUGMP, WHO, TGA among others. Its Vizag facility is India’s first and only USFDA approved facility for veterinary APIs.
For details, feel free to contact
Yoshita Vora
Company Secretary, Tel: +91 22 4111 4717
investorrelations@sequent.in
Abhishek Singhal Investor Relations Consultants abhishek@arunya.co.in
Registered Office
3rd Floor, Srivalli’s Corporate,
Plot No. 290, SYN 33 34P TO 39, Guttala Begumpet, Jubilee Hills,
Shaikpet, Hyderabad-500033, Telangana
CIN: L99999TS1985PLC196357
BSE Code: 512529 I NSE: SEQUENT
ISIN: INE807F01027 I REUTERS: EQU.BO
Website: www.sequent.in
Certain statements in this document that are not historical facts are forward looking statements. Such forward-looking statements are subject to certain risks and uncertainties like government actions, local, political or economic developments, technological risks, and many other factors that could cause actual results to differ materially from those contemplated by the relevant forward- looking statements. SeQuent Scientific Ltd. will not be responsible in any way for any action taken based on such statements and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstance
INVESTOR PRESENTATION Q4 FY25
S E Q U E N T S C I E N T I F I C L I M I T E D
20th May 2025
Steadfast Commitment to Improvement in Business Fundamentals
“This quarter reinforces the momentum that we have built in the business over the last 18
months. The significant improvement in profitability metrics and double-digit revenue growth
has come on the back of several initiatives which have helped deliver a superior product mix,
accelerate launches and improve operational efficiency. Our proposed merger with Viyash
Life Sciences is proceeding on plan. The strong performance in FY 24-25 marks a turning
point for us, as we prepare to accelerate the growth of the company and create the
foundation for the Sequent 3.0 journey.”
Rajaram Narayanan
Managing Director and CEO
SeQuent & Viyash : Proforma Q4FY25 Combined Performance
Q4 FY25 Performance Highlights (Combined)
Revenues
Adj. EBITDA1
Adj. EBITDA margin
All values in ₹ Mn
Net Debt to LTM Adj. EBITDA1
₹7,725 Million
₹1,222 Million
15.8%
1.0x
13.2% YoY
63.2% YoY
485 bps YoY
vs. 1.2x in Q3FY25
Notes: 1. Viyash EBITDA is adjusted for one-time contractual bonus payable to Viyash management; EBITDA for SeQuent is adjusted for ESOP costs Source: Viyash Life Sciences website published Investor Presentation for Viyash numbers
4
FY25 Performance Highlights (Combined)
Revenues
Adj. EBITDA1
Adj. EBITDA margin
All values in ₹ Mn
Net Debt to LTM Adj. EBITDA1
₹30,094 Million
₹4,539 Million
15.1%
1.0x
12.3% YoY
65.7% YoY
488 bps YoY
vs. 1.2x in Q3FY25
Notes: 1. Viyash EBITDA is adjusted for ESOP costs, cost for accelerated vesting of warrants, call option charge, merger expenses and one-time contractual bonus payable to Viyash management; EBITDA for SeQuent is adjusted for ESOP Costs Source: Viyash Life Sciences website published Investor Presentation for Viyash numbers
5
SeQuent : Q4FY25 Performance Update
Strong profitable business growth continues in Q4FY25
All values in ₹ Mn
Revenues
Adj. EBITDA1
Adj. EBITDA margin
PAT
₹4,017 Million
11.2% YoY
₹569 Million
38.7% YoY
14.2%
280 bps YoY
₹103 Million
712% YoY
Note: 1. EBITDA for SeQuent is adjusted for ESOP Costs
7
FY25: Closed the year with healthy double-digit profitable growth
All values in ₹ Mn
Revenues
Adj. EBITDA1
Adj. EBITDA margin
Net Debt to LTM Adj. EBITDA1
₹15,514 Million
₹1,993 Million
12.8%
1.9x
13.3% YoY
86.6% YoY
505 bps YoY
vs. 3.5x in FY24
Note: 1. EBITDA for SeQuent is adjusted for ESOP Costs
8
Revenue Performance – by Geography
All values in ₹ Mn
Revenue Distribution
Q4 FY25
Q3 FY25
Q4 FY24
YoY Gr%
FY25
FY24
YoY Gr%
Formulations
Europe
Emerging Markets
India
APIs
Other Sales
Global Sales
One Offs #
3,015
1,323
1,429
263
869
67
3,008
1,334
1,366
308
812
23
2,476
1,236
1,007
232
959
37
3,951
3,843
3,472
22%
7%
42%
13%
(9%)
80%
14%
11,858
5,565
5,138
1,155
3,378
155
9,997
4,868
4,091
1,038
3,260
133
15,392
13,390
(74)
196
307
19%
14%
26%
11%
4%
17%
15%
Adjustment* - Ind AS 29*
Reported Sales
66
4,017
65
3,908
140
3,612
11%
15,514
13,697
13%
*Adjustment on account of hyperinflation in Turkey as per Ind AS 29
# Provision for customer claim on shipments in prior years
9
SeQuent: Q4FY25 Business Performance
All values in ₹ Mn
Europe: Vaccine opportunity proceeding well
Emerging Markets: Resumption of Tablet sales
Formulations
LATAM: Initiated work on the nutraceutical solution range for commercialization
India: Ready for 2nd phase of field expansion to enhance market coverage
Successfully cleared audits by key customers
API
Vizag won Gold – Industrial Safety Excellence Award 2024 by AP FICCI
Mahad awarded by National Safety Council of India – Occupational Health
& Safety Award 2024
1,000+ FDFs
90+ Countries
5 Manufacturing Facilities
35 APIs
50+ Countries
2 Manufacturing facilities
SeQuent: FY25 Business Performance
All values in ₹ Mn
Europe: New product launches & vaccines distribution
Formulations
LATAM: Focus on high margin business, new organisation in Mexico
Emerging Markets: EUGMP renewal, volume recovery and timely price hikes
India: Expanded field team for better coverage
Filed two VMFs during the year, taking the total count at 35
Received WHO Prequalification approval for Albendazole
API
Safety Recognition: Vizag awarded CII Safety Leadership Gold; scored 98.5 (A+) from AP Safety Board
Vizag site received accreditation from JMAFF, Ministry of Agriculture, Forest and Fisheries, Japan
Mahad site recognized for health & occupation safety at National safety council of India
1,000+ FDFs
90+ Countries
5 Manufacturing Facilities
35 APIs
50+ Countries
2 Manufacturing facilities
Consolidated Financials
Particulars
Revenue from Operations Material Consumption Gross Margin % Employee Benefit Expenses Operating Expenses Adj. EBITDA % ESOP cost Exceptional Items IndAS 29 Adjustment* Exchange Gain / (Loss) Other Income Finance Cost Depreciation & Amortization Earnings Before Tax Taxes Earnings After Tax Minority Interest Earnings after Minority Interest
Q4 FY25 4,017 (1,997) 2,020 50.3% (653) (797) 569 14.2% (114) (3) 6 0 16 (151) (161) 163 (59) 103 11 93
Q3 FY25 3,908 (2,025) 1,883 48.2% (651) (738) 494 12.6% (102) (3) 5 (52) 59 (150) (170) 81 (16) 65 30 35
Grw QoQ % 2.8%
7.3%
15.3%
100.6%
59.3%
168.6%
Q4 FY24 3,612 (1,945) 1,667 46.1% (577) (679) 411 11.4% (45) (47) (20) (23) 40 (124) (165) 26 (14) 13 22 (9)
Grw YoY % 11.2%
21.2%
38.7%
517.4%
712.4%
1119%
All values in ₹ Mn
FY25
FY24
15,514 (8,119) 7,395 47.7% (2,487) (2,915) 1,993 12.8% (324) (50) 29 (80) 147 (608) (665) 443 (120) 322 104 219
13,697 (7,597) 6,100 44.5% (2,283) (2,748) 1,068 7.8% (222) (174) (78) (154) 110 (481) (615) (546) 250 (296) 63 (359)
Grw YoY % 13.3%
21.2%
86.6%
181.1%
208.9%
161.0%
Viyash: Business Update
Viyash: Q4FY25 – Continued Strong Performance on Revenue, Profitability and Cashflows
All values in ₹ Mn
Revenues
Adj. EBITDA1
Adj. EBITDA margin
Net Debt to LTM Adj. EBITDA1
₹3,708 Million
15.4% YoY
₹653 Million
93.2% YoY
17.6%
0.3x
710 bps YoY
vs.1.1x In FY24
Notes: 1. Viyash EBITDA is adjusted for one-time contractual bonus payable to Viyash management Source: Viyash Life Sciences website published Investor Presentation for Viyash numbers
14
Viyash: FY25 – Robust Full-year Performance
All values in ₹ Mn
Revenues
Adj. EBITDA1
Adj. EBITDA margin
Net Debt to LTM Adj. EBITDA1
₹14,580 Million
₹2,546 Million
17.5%
0.3x
11.2% YoY
52.4% YoY
470 bps YoY
vs.1.1x In FY24
Notes: 1. Viyash EBITDA is adjusted for ESOP costs, cost for accelerated vesting of warrants, call option charge, merger expenses and one-time contractual bonus payable to Viyash management Source: Viyash Life Sciences website published Investor Presentation for Viyash numbers
15
Financial Performance
All values in ₹ Mn
Particulars
Q4
Q4
FY25
FY24
YoY %
Q3
FY25
QoQ %
FY25
FY242
YoY %
Revenue from Operations
3,708
3,214
15.4%
3,839
-3.4%
14,580
13,110
11.2%
Material Consumption
(1,652)
(1,420)
16.4%
(1,751)
-5.7%
(6,608)
(6,142)
7.6%
Gross Profit
%
2,056
1,793
17.1%
2,088
1.5%
7,971
6,968
14.4%
55.4%
55.8%
54.4%
54.7%
53.2%
Operating Expenses
(1,405)
(1,464)
-4.0%
(1,439)
-2.4%
(5,490)
(5,332)
3.0%
Foreign Exchange Gain / (Loss)
3
8
36
65
34
Adj. EBITDA1
%
653
338
93.2%
685
-4.5%
2,546
1,671
52.4%
17.6%
10.5%
17.8%
17.5%
12.7%
Note: 1. EBITDA for Viyash is adjusted for ESOP costs, cost for accelerated vesting of warrants, call option charge, merger expenses and one-time contractual bonus payable to Viyash management 2. Q4 FY24 based on management accounts that have not been subject to limited review by auditors Source: Viyash Life Sciences website published Investor Presentation for Viyash numbers
16
Key Updates from Q4FY25
Facility Inspections
3 Regulatory Audits 28 Customer audits
Regulatory Approvals
Launches
6 APIs: USDMF (1), EDMF (3), CN (2)
3 API 1 FDFs
Products Filed
Validations Completed
R&D Pipeline
03 APIs: USDMF (1), CEP (1), EDMF(1)
3 API + 1 intermédiate
25+ Products
Source: Viyash Life Sciences website published Investor Presentation
17
Viyash: Overview (3 key segments)
APIs
Strategic Innovator & CDMO
Formulations
✓ 70+ commercial products; 23% CAGR for 10 products over FY22-25 with 58% material margins. Market leader for 6 of those products
✓ 200+ customers across 150+ countries; well diversified revenue base with no customer >15% of revenue
✓ 8 plants with strong regulatory & audit track record. Backward integrated portfolio with cost leadership. 35+ audits over the last 10 years from multiple regulators (USFDA, EU GMP, ANVISA, NMPA)
✓ 185+ R&D team; High EHS compliance
(dedicated process safety lab), best in class regulatory & quality teams ✓ Dedicated Oncology facility ✓ Strengthened R&D & BD Team
✓ Existing customer base: 10+ innovators
& complex generic customers
✓ Supplier to top 10 large generic players ✓ Added 10+ development contracts with
innovators and complex generic manufacturers in last 2 years
✓ Portfolio: 23 commercial ANDAs ✓ New Portfolio: 10+ CGTs / NCE-1 / First to File (FTF) products. Focus on complex portfolio
✓ Manufacturing: New Jersey site; local
manufacturing enables US Government & defense business
✓ Integration: All strategic and large volume products under vertical integration for cost leadership
Source: Viyash Life Sciences website published Investor Presentation
18
Merger Update
Q4FY25: Combined Business Performance
Q4 FY25 (For the quarter)
Revenue (INR Mn)
Adj. EBITDA1 (INR Mn)
Adj. EBITDA Margin %
Net Debt to LTM Adj. EBITDA
SeQuent
Combined
YoY Growth % (Combined)
3,708
4,017
7,725
13.2%
653
569
1,222
63.2%
17.6%
14.2%
15.8%
+485bps
0.3x
1.9x
1.0x
Notes: 1. Viyash EBITDA is adjusted for one-time contractual bonus payable to Viyash management; EBITDA for SeQuent is adjusted for ESOP costs Source: Viyash Life Sciences website published Investor Presentation for Viyash numbers
20
FY25: Combined Business Performance
FY25
Revenue (INR Mn)
Adj. EBITDA1 (INR Mn)
Adj. EBITDA Margin %
SeQuent
Combined
YoY Growth % (Combined)
14,580
15,514
30,094
12.3%
2,546
1,993
4,539
65.7%
17.5%
12.8%
15.1%
+488bps
Net Debt to LTM Adj. EBITDA
0.3x
1.9x
1.0x
Notes: 1. Viyash EBITDA is adjusted for ESOP costs, cost for accelerated vesting of warrants, call option charge, merger expenses and one-time contractual bonus payable to Viyash management; EBITDA for SeQuent is adjusted for ESOP Costs Source: Viyash Life Sciences website published Investor Presentation for Viyash numbers
21
Combined P&L – Snapshot
Particulars
Revenue from Operations Material Consumption Gross Margin % Operating Expenses Operating Exchange Gain / (Loss) Adjusted EBITDA % ESOP cost Exceptional Items1 Ind AS 29 Adjustment Exchange Gain / (Loss) Other Income Finance Cost D&A Amortization of Acquisition Intangibles Profit Before Tax Taxes Profit After Tax Adjusted PAT2
Viyash
SeQuent
Combined
FY24 13,110 (6,142) 6,968 53.2% (5,332) 34 1,671 12.7% (127) (58) - - 502 (332) (718) (935) 3 (88) (85) 640
FY25 14,580 (6,608) 7,971 54.7% (5,490) 65 2,546 17.5% (82) (979) - - 182 (256) (720) (1,003) (311) 146 (165) 1,296
FY24 13,697 (7,597) 6,100 44.5% (5,031) - 1,068 7.8% (222) (174) (78) (154) 110 (481) (539) (76) (546) 250 (296) (63)
FY25 15,514 (8,119) 7,395 47.7% (5,402) - 1,993 12.85% (324) (50) 29 (80) 147 (608) (589) (76) 443 -120 322 429
FY24 26,807 (13,739) 13,068 48.7% (10,363) 34 2,739 10.2% (349) (232) (78) (154) 612 (813) (1,257) (1,011) (543) 162 (381) 591
FY25 30,094 (14,727) 15,367 51.1% (10,892) 65 4,539 15.1% (406) (1,029) 29 (80) 329 (864) (1,309) (1,079) 132 26 157 1,725
All values in ₹ Mn
Key Notes :
ESOP cost, Exceptional items and amortization of acquisition intangibles are non-cash or non-recurring accounting items that pertain to prior period events: - Exceptional Items include cost of
accelerated vesting for share warrants, call option charge, merger expenses and provision for one-time costs
- Amortization of acquisition intangibles in
Viyash is on account of intangibles created during acquisitions done in FY22. This accounting amortization will continue till FY27
Exceptional Items include cost of accelerated vesting for share warrants, call option charge, merger expenses and one-time contractual bonus payable to Viyash management PAT adjusted for Amortization of acquisition intangibles (net of tax) and Exceptional Items
1. 2. Source: Viyash Life Sciences website published Investor Presentation for Viyash numbers
22
Combined Balance Sheet & Cash Flow: INR 2.5bn in Free Cash Generation in FY25
All values in ₹ Mn
Balance Sheet
Non-Current Assets
Fixed Assets
Goodwill
Other Non-Current Assets
Net Current Assets
Accounts Receivables
Inventories
Accounts Payable
Net Working Capital
Combined
FY24
FY25
23,583
10,592
23,062
10,332
7,569
5,422
5,254
6,604
6,979
4,707
8,876
7,961
4,769
8,071
8,071
6,822
4,995
9,898
Other Net Current Assets
(3,622)
(1,826)
Cash Flow
Adj. EBITDA
Less: NWC
Less: Tax
Less: Others
Op. CF
Less: Capex
FCF
Add: Proceeds from Sale of Fixed Assets
Less: Acquisition of Residual Stake in Viyash Subsidiary (Symed)1
Add: Proceeds from Rights Issue (at Viyash)
Equity
Minority Interest
Other Non-Current Liabilities
Net Debt
Debt
Cash
20,364
24,419
1,312
1,144
6,017
7,580
1,563
1,334
700
4,681
6,083
1,403
Borrowings
Less: Interest paid
Add: Proceeds from ESOPs
Others
Cash Generation
1. 26% stake acquired in Symed (100% owned subsidiary post transaction) in July 2024
Combined
FY24
FY25
2,739
4,539
(1,207)
(441)
312
(580)
(479)
69
1,402
3,548
(1,189)
(1,091)
214
689
-
-
2,457
210
(3,907)
3,127
495
(1,473)
(929)
(934)
(1)
(38)
429
75
286
(160)
23
Merger – Process Update
Merger process status update
• CCI approval received
• Stock exchange NOC process underway - scheme under review
and final NOC awaited
• Upon receipt of NOC, NCLT filing to be made
• Other regulatory approvals, if any to follow
Expected timelines for the completion of the merger process as indicated to be 12-15 months (from merger announcement in September 2024).
This remains unchanged versus prior quarter as process is well on track as per estimated timelines
24
Synergy Update
Synergy Planning Process on Track
✓ CCI approval received
✓ Senior management teams have identified & prioritized synergy areas
✓ Integration planning workshops kicked off in Q4FY25
✓ Granular synergy action plan & estimated value to be presented to board in H1FY26
4 Core synergy areas identified
Synergy Realization Timeline (Months)
Area
Key Ideation Action Items
Till Merger Approval
0-6
6-12
12+
R&D
Manufacturing
Sales
• R&D teams to be co-located; to work collaboratively on NPD & cost improvement
• QA & Testing to be moved on- site from 3rd party location
• Utilize available low-cost
capacity through the group; action plan created • Procurement synergies
• Leverage key relationships of both companies; outreach & discussion plan prepared
Others
• Assess shared administrative
& support functions
In advanced stages
We are here
25
Group Strategy
Key Pillars of our Strategy
Build a unique, differentiated, global end-to-end integrated platform with leadership in animal and global pharmaceuticals
Aspiration
1
2
3
API++
Strategic
Innovator and
CDMO
Global Formulations
Management Team: Senior management team with deep domain experience and global track record
Operating Infrastructure: Global footprint of 15 plants (10 USFDA approved) with a best-in-class Quality & Regulatory teams
Research & Development: Strong R&D, Portfolio and state of the art analytical capabilities, and process safety lab
27
API++: Key Differentiators
Products
Customers & Markets
Manufacturing
Operating Backbone
200+ products in portfolio across animal & human health care. Basket of high value medium volume products (no product > 13% FY25 API++ Revenue)
Well diversified business with 175+ customers across 150+ markets; top 5 customers accounts for 15% of FY25 Revenue
14+ plants with FDA, EU GMP, ANVISA registrations with 15+ cumulative FDA audits
200+ R&D resources; invested in analytical team, regulatory and IP setup. Highly backward integrated for cost leadership
INR 13.5bn in FY25 Revenue (45% of Combined FY25 Revenue)
% of FY25 API++ Revenue
Market Share (%)1
Markets
13.0%
9.4%
7.1%
6.0%
3.8%
3.6%
3.4%
3.4%
2.8%
2.4%
56%
61%
27%
47%
50%
59%
50%
38%
35%
29%
60%
46%
USA, Europe, LATAM, RoW
Europe, LATAM, RoW
USA, Europe, LATAM, RoW
Europe, LATAM, ROW
US, Europe, LATAM, ROW
Europe, ROW
USA, Europe, LATAM, RoW
USA, Europe, LATAM, RoW
Europe, LATAM, RoW
US, Europe, LATAM, ROW
Product
Product 1
Product 2
Product 3
Product 4
Product 5
Product 6
Product 7
Product 8
Product 9
Product 10
Total
1. Source: IMS MAT
Top 10 products grew at 16% CAGR over FY22-25; 57% Material Margin
28
API++: Drivers of future growth
Dimension
Current State of Play
Key growth levers
Portfolio
• Filed 31 products & validated 22 products in
FY25
• Developing oncology focused portfolio across all
OEBs
• 35+ products in the pipeline; complex portfolio
Manufacturing
• 220+ cumulative regulatory and customer
audits
• Adding (i) spray drying capabilities in high potent manufacturing & (ii) 300KL+ expanding capacity in 2 sites
R&D
Others
• Dedicated lab set up to handle high potency
Cytotoxic products across all OEBs
• Focusing on development and supply of
• Developed and validated 4 complex Generics CDMO projects for 3+ US, EU and Indian based customers
differentiated/ hard-to-make Generics projects with Global customers on CDMO model
• Management team, manufacturing base and R&D infrastructure built out for next phase of growth
• Operating leverage
29
Global Formulations: Key Differentiators
Wide Portfolio
Global Markets
Leadership position
Quality Manufacturing
1,000+ SKUs across multiple segments (gut health, pain management, injectables, etc.) and species
300+ field force across 10 core markets
Top 5 market position in focus segments across multiple large markets like Spain ,Brazil & Turkey
6 manufacturing facilities, across multiple capabilities (e.g., manufacturing injectables)
INR 15.7 bn in FY25 Revenue (52% of Combined FY25 Revenue)
Market
% of FY25 Formulations Revenue
Sales Team Count
Europe (Animal Health)
Emerging Markets (Animal Health)
India (Animal Health)
USA (Human Health)
Total
36%
33%
8%
23%
100%
Sales team includes contracted salesforce as well (both exclusive and non-exclusive)
300+
NA
Revenue CAGR of 7% over FY22-25
30
Global Formulations: Drivers of future growth
Dimension
Current State of Play
Key Growth Levers
Portfolio
Market access
•
1000+ SKUs across multiple species and delivery forms (injectables, orals, supplements)
• Ready-to-market technical materials for geo-extension of
products across markets
• Expand key brands globally • Opportunistic in-licensing and marketing
deals
• Direct presence in 10 countries, 300+ field force • Distributor-led presence in 80+ countries • Repeatable playbook for market entry – portfolio selection, product registrations, commercial investments, technical marketing, local in-licensing
• Market expansion – Scale up India and key markets via investment in Sales team footprint creating a “network effect”
• New markets - Entering new SEA
market; multiple Latam/EU markets open
Segments
• Coverage in Production and select Companion Animal therapies •
Focus on high-growth niches (injectables, pain, gut, supplements)
Innovation and R&D
• •
In-house 35+ member R&D team across global sites 22 product launches in the last 3 years
Team
M&A
• Management team fully built out for next phase of growth
• Proven M&A playbook – 9 M&A over the last 10 years
• Strong right to win to expand into complementary segments like dermatology, ophthalmology, oncology etc.
30+ product strong R&D pipeline • • Culture of Innovation and ideation built
across all levels
• Select additions for next phase of
growth; operating leverage expected
•
Focused M&A to expand products, segments and markets
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Sales team includes contracted salesforce as well (both exclusive and non-exclusive)
Strategic Innovator and CDMO business
4
Acquisitions Acquire capabilities to accelerate growth; Net Debt / Combined Adj. EBITDA <1x
1
3
Leverage Relationships Combined business has relationship with multiple Innovators & Complex Generic customers
4 Key Levers to Accelerate Growth
Augment R&D Capabilities Add chemical, process and analytical R&D resources to deliver customer excellence
2
Invest in Operating Capabilities Created adequate capacity; invested in oncology facilities ahead of scale
To be initiated
In progress
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For details, feel free to contact:
Yoshita Vora
Company Secretary
Abhishek Singhal
Investor Relations Consultant
+91 22 4111 4777
abhishek@arunya.co.in
investorrelations@sequent.in
Registered Office: 3rd Floor, Srivalli’s Corporate, Plot No. 290, SYN 33 34P TO 39,
Guttala Begumpet, Jubilee Hills, Shaikpet, Hyderabad-500033, Telangana
Websites: www.sequent.in, www.alivira.co | CIN: L99999TS1985PLC196357 | BSE Code:512529 | NSE: SEQUENT
ISIN: INE807F01027
Certain statements in this document that are not historical facts are forward looking statements. Such forward-looking statements are subject to certain risks and uncertainties like government actions, local, political or economic developments, technological risks, and many other factors that could cause actual results to differ materially from those contemplated by the relevant forward-looking statements. SeQuent Scientific Ltd. will not be in any way responsible for any action taken based on such statements and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances.
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Thank You