Professional Documents
Culture Documents
Investor Presentation
September 2021
Disclaimer
This presentation is provided for informational purposes only and does not constitute or form part of any offer or invitation to sell or
issue, or any solicitation of any offer to purchase or subscribe for any interest in or securities of Aurobindo Pharma Limited, nor shall it, or
any part hereof, form the basis of, or be relied on in connection with, any contract therefore.
This presentation contains statements that constitute “forward looking statements” including and without limitation, statements relating
to the implementation of strategic initiatives, and other statements relating to our future business developments and economic
performance.
While these forward-looking statements represent our judgment and future expectations concerning the development of our business,
such statements reflect various assumptions concerning future developments and a number of risks, uncertainties and other important
factors could cause actual developments and results to differ materially from our expectations. These factors include, but are not limited
to, general market, macro-economic, governmental and regulatory trends, movements in currency exchange and interest rates,
competitive pressures, technological developments, changes in the financial conditions of third parties dealing with us, regulatory and
legislative developments, and other key factors that we have indicated could adversely affect our business and financial performance.
Aurobindo Pharma undertakes no obligation to publicly revise any forward-looking statements to reflect future events or circumstances.
This document is strictly confidential and may not be disclosed, reproduced or redistributed, in whole or in part, to any other person.
Page
Company Overview 05
Business Highlights 11
Financial Overview 25
Annexure 29
4
Company overview
10 $3.3 Bn 27 >24,000
Amongst top 10
Manufacturing &
generic companies in 7 Global Employee
Global revenues - FY21 packaging facilities
out of 11 countries in strength
globally
Europe@
Source: ^Pharmexec.com; *As per FY21 revenue; **IQVIA MAT June 2021 data; @IQVIA MAT Q4 2020
2020
• Filed first metered dose
inhaler (MDI) in USA
2007 2019
• Received approval for
• Acquired formulations • Acquired Apotex’s
first Nasal product
facility in US (AuroLife) businesses in 5 European
2013 countries • Divested Natrol, Dietary
and in Netherlands
supplements business
(Pharmacin) • Commenced marketing • Acquired portfolio of 7
2016 • Turned into a net cash
2010 specialty injectables in marketed branded
US through AuroMedics • Entered Biosimilars and oncology injectables from company
• Commenced operations Vaccines segment
• Building capabilities in Spectrum Pharma Inc. 2021
of SEZ Unit VII and
Penems, Oncology & • Filed first peptide DMF • Started clinical trials for • Received first approval
1992 AuroLife, US facilities
Bio-catalysis 2017 first biosimilar in China from our India
• Commenced API Exports 2012
2014 • Acquired Generis in • Started setting up an oral facility
1994 • First approval of
• Acquired commercial Portugal solid manufacturing • Started Phase III clinical
controlled substance
• Initial Public Offering operations from Actavis • Commissioned fully facility at Taizhou for trials for PCV
formulations in US
• Started formulations in Europe automated distribution China • Acquired 9 OTC brands
• Set up AuroPeptide to
production • Acquired US dietary centre in the US,
foray into peptides
supplements company, meeting all track-and
Natrol trace requirements and
enhancing supply chain
excellence
As per calendar year
Aurobindo Pharma Limited | Investor Presentation – September 2021 6
Strengthened capabilities as a leading global generic player
Revenue (Rs Crore) EBITDA (Rs Crore) Net Profit (Rs Crore)* Geographical Revenue Mix
24,775 3,224 7
5,333 28
93
72
4,627 889
198
Business Mix Employee Base Total ANDA Filings US DMFs – Filing Status
4% 6%
Formulations, 57%
24,000 +
8% 24%
29% 160
Amongst Top 3 players (mkt share) in >60% of commercial portfolio in US(1) in terms of Rx (prescriptions)
Manufacturing over 40 bn dosage forms including oral solids, liquids, injectables (and other sterile products)
Scale & Diversity
8 R&D centres, including dedicated centres complex products like for inhalation, transdermal, vaccines, etc
Through M&As, added more specialized products, new technologies and scale in our core markets
Strong Balance Sheet with net cash position – agile to capitalise on opportunities inorganically
High level of vertical integration; around 70% of API requirement is manufactured in-house
Strengths Low product concentration in US; Top 25 products account for less than 35% of US business
Commercial front end presence in key markets, inc US, EU, Canada, etc. Overall reach in 155+ markets
Track record of successfully integrating complex acquisitions
(1) Source: IQVIA QTR Jun 2021; (2) As on 30th June 2021; (3) Tentative approvals include 8 ANDAs approved under PEPFAR
Aurobindo Pharma Limited | Investor Presentation – September 2021 8
Successfully integrated and synergized acquisitions
>> Access to 7 countries in Western Europe with >> Foray into dietary supplements with one of the
an established hospitals sales network largest suppliers to major retailors in the US
>> Opportunity to leverage global pipeline and $134 mn >> Divested in Oct’2020 for $550 mn (>4x MoM)
€30 mn expand scale to achieve operating leverage
Injectables*, Branded
15% Oncology**
FY17 FY18 FY19 FY20 FY21 Q1FY22 7.6%
OTC
5.0%
FY17 Q1FY22
200+ ANDAs await Final Approval #1 & Top 3 Ranking (% out of total marketed products)^
639 654
586 63% 63% 60% 60%
56%
478 541 171 174
429 138 161
29 29
117 26 28 23% 24% 25%
115 34 18%
38 16%
377 397 439 451
276 327
USA
Orals Injectables Branded Injectables OTC
• 70.4% of US business in Q1FY22 • 17% of US business in Q1FY22 • 7.6% of US business in Q1FY22 • 5% of US business in Q1FY22
• Filed 6 ANDAs in Q1FY22 • Filed 2 ANDAs in Q1FY22 • Acquired portfolio of seven • Awaiting approval for 12
• Awaiting approval for 109 • Awaiting approval for 49 marketed oncology injectable ANDAs*
ANDAs* ANDAs* products from Spectrum • Future pipeline includes
• Future pipeline includes • Future pipeline includes ➢ Rx to OTC switch
• Launched in-licensed product
➢ Controlled substances with ADF ➢ Complex injectables opportunities
Hemady last financial year
➢ Oncology including depot injections ➢ Branded OTC
➢ 505b2 products for select ➢ Oncology
patient segments ➢ Hormones
*As on 30th June 2021 & excludes tentative approvals and tentative approvals under PEPFAR
As per IQVIA June 2021, Addressable Market of US$ 113.3 Bn Others 219 18.4
including ~US$ 98.3 Bn for Under Review and TAs Total 654 113.3
*Tentative Approvals (TAs) include 8 ANDAs approved under PEPFAR; ** Does not include the addressable market of the products approved under PEPFAR; Awaiting final approval includes Tentative
Approvals
1,438 1,863
1,355
1,194 1,185 1,251
897 840 972
756
329 296
FY17 FY18 FY19 FY20 FY21 Q1FY22 FY17 FY18 FY19 FY20 FY21 Q1FY22
▪ API business continue to focus on complex products with varying ▪ API facilities have been inspected by various
volumes regulatory authorities including USFDA, UK
MHRA, EDQM, Health Canada, ANVISA etc.
3,403
3,042 2,962 3,083 3,086
812
1 2 3
Contribution from
Scale-up Injectable Strengthen Base
complex and specialty
business business
pipeline
>> Majority of the R&D >> Aim to reach $650-$700 >> Cost control, along with
investments are directed mn of global injectable higher scale of operations Sustainable
towards complex and revenues by FY25 to drive operating leverage Topline &
specialty products Bottomline
>> Dedicated injectable Growth
facility in Vizag for EU/RoW >> Increasing market
>> Revenues from specialty to drive growth
products such as penetration in Europe and
Biosimilars, Vaccines, Growth Markets through a
>> Approval and launch of wide product portfolio
Inhalers etc. complex injectables with leveraging global R&D
limited competition to strength
drive growth
Vaccines Inhalers
*Net profit excludes exceptional items (net of tax); ** EPS is calculated on adjusted net profit
Aurobindo Pharma Limited | Investor Presentation – September 2021 25
Consistent quarterly performance (Ex Natrol)
Q4FY20 Q1FY21 Q2FY21 Q3FY21 Q4FY21 Q1FY22 Q4FY20 Q1FY21 Q2FY21 Q3FY21 Q4FY21 Q1FY22
-0.001
-0.04 -0.04
Q4FY20 Q1FY21 Q2FY21 Q3FY21 Q4FY21 Q1FY22
Q4FY20 Q1FY21 Q2FY21 Q3FY21 Q4FY21 Q1FY22
*At the end of the quarter
USA
AuroLife
Non antibiotic &
Controlled substances
AuroHealth
Pharma OTC / Orals and
Portugal
Liquids
Generis
Non-antibiotics, orals
AuroPackaging
FDF Packaging
>> Large manufacturing capabilities approved by key regulators for a diversified product
portfolio with technology & expertise for specialty formulations
>> Vertically integrated operations from conception to commercialization
Brazil
>> Setting up manufacturing facilities for Biosimilars and Vaccines
Brazil Unit
Antibiotics
Formulation units
^ excludes current capacity expansion plans API units
ir@aurobindo.com
www.aurobindo.com