Gfl Ltd · NSE:GFLLIMITED

Gfl — Gujarat Fluorochemicals — Q1 FY16 Earnings Presentation

26 slides from Gfl's earnings presentation, July 2015

  1. Slide 1: Gujarat Fluorochemicals Limited Quarterly Investor Update Q1 FY16

    GUJARAT FLUOROCHEMICALS LIMITED QUARTERLY INVESTOR UPDATE Q1 FY16

  2. Slide 2: Disclaimer

    DISCLAIMER This presentation and the following discussion may contain “forward looking statements” by Gujarat Flurochemicals Limited (“GFL” or “the Company”) that are not historical in nature. These forward looking statements, which may include statements relating to future state of affairs, results

  3. Slide 3: Discussion Summary

    DISCUSSION SUMMARY  Q1 FY16 RESULTS HIGHLIGHTS  CONSOLIDATED RESULTS  CHEMICALS BUSINESS  WIND TURBINE MANUFACTURING BUSINESS  WIND FARMING BUSINESS  FILM EXHIBITION BUSINESS  SHAREHOLDING STRUCTURE  FINANCIAL SUMMARY  BUSINESS STRATEGY & OUTLOOK  ANNEXURE 3

  4. Slide 4: Q1 FY16 Results Highlights: Consolidated Results

    Q1 FY16 – RESULTS HIGHLIGHTS CONSOLIDATED RESULTS REVENUES * EBITDA ** & EBITDA MARGIN PAT # & PAT MARGIN 14,127.6 19.5% 19.1% 5.0% 5.2% 8,907.1 2,696.6 738.2 1,733.7 59 % 56 % 441.5 67 % Q1 FY15 Q1 FY16 Q1 FY15 Q1 FY16 Q1 FY15 Q1 FY16 EBIDTA EBIDTA Margin % PAT PAT % Strong Growth driven by Robust

  5. Slide 5: Consolidated Revenues Breakup

    Q1 FY16 – RESULTS HIGHLIGHTS CONSOLIDATED REVENUES BREAKUP CONSOLIDATED REVENUES – BUSINESS WISE BREAKUP % Share Q1 FY15 Q1 FY16 14,127.6 50 % Chemicals Business 31.8% 25.0% 3,486.8 458.2 8,907.1 19 % Wind Turbine Manufacturing Business 34.2% 45.0% 2,323.8 6,358.3 Wind Farming Business 6.4% 3.2% 568

  6. Slide 6: Consolidated EBITDA Breakup

    Q1 FY16 – RESULTS HIGHLIGHTS CONSOLIDATED EBITDA BREAKUP CONSOLIDATED EBITDA – BUSINESS WISE BREAKUP 2,696.6 % Share Q1 FY15 Q1 FY16 123 % 655.7 Chemicals Business 28.2% 29.0% 1,733.7 28 % 385.4 Wind Turbine Manufacturing Business 27.1% 32.0% 293.6 532.4 863.7 Wind Farming Business 30.7% 14.3% 84 %

  7. Slide 7: Consolidated PAT Breakup

    Q1 FY16 – RESULTS HIGHLIGHTS CONSOLIDATED PAT BREAKUP CONSOLIDATED PAT – BUSINESS WISE BREAKUP 738.2 % Share Q1 FY15 Q1 FY16 452 % 252.6 6.8 Chemicals Business 38.3% 36.7% 93 % 441.5 45.8 Wind Turbine Manufacturing Business 53.2% 68.4% 505.0 104.0 115 % Wind Farming Business 23.6% 0.9% 234.8 60 % 27

  8. Slide 8: Chemicals Business - Standalone Results

    Q1 FY16 – RESULTS HIGHLIGHTS CHEMICALS BUSINESS - STANDALONE RESULTS REVENUES * EBITDA ** & EBITDA MARGIN PAT & PAT MARGIN 22.2% 7.7% 3,527.2 17.3% 6.0% 2,836.3 782.0 270.8 489.6 169.2 24 % 60 % 60 % Q1 FY15 Q1 FY16 Q1 FY15 Q1 FY16 Q1 FY15 Q1 FY16 EBIDTA EBIDTA % PAT PAT % Strong growth in revenues

  9. Slide 9: Chemicals Business Revenues Breakup

    Q1 FY16 – RESULTS HIGHLIGHTS CHEMICALS BUSINESS REVENUES BREAKUP 3,527.2 % Share Q1 FY15 Q1 FY16 116 % 333.5 2,836.2 154.2 Caustic Soda 24.2% 18.9% 967.5 19 % 1,194.5 Chloromethanes 19.4% 16.5% 287 % 976.2 252.5 6% Refrigerant Gases 8.9% 27.7% 549.2 582.2 3% PTFE 42.1% 27.4% 685.8 667.8 Q1 FY15 Q1 F

  10. Slide 10: Wind Turbine Manufacturing Business (Inox Wind Limited)

    Q1 FY16 – RESULTS HIGHLIGHTS WIND TURBINE MANUFACTURING BUSINESS (INOX WIND LIMITED) REVENUES* EBITDA ** & EBITDA MARGIN PAT & PAT MARGIN 6,358.3 15.5% 7.9% 13.6% 7.7% 863.7 505.0 3,043.7 470.4 234.8 109 % 84 % 115 % Q1 FY15 Q1 FY16 Q1 FY15 Q1 FY16 Q1 FY15 Q1 FY16 EBIDTA EBIDTA % PAT PAT % Strong Op

  11. Slide 11: Wind Turbine Revenue Breakup: Sales and Commissioning Volumes

    Q1 FY16 – RESULTS HIGHLIGHTS WIND TURBINE MANUFACTURING BUSINESS (INOX WIND LIMITED) REVENUE BREAKUP - SALES & COMMISIONING VOLUMES (MW) REVENUES BREAKUP – SALE OF PRODUCTS VS. SERVICES (RS MN) 6,337.7 120 464.3 30 3,031.2 10.0 5,873.4 78 90 66 3,021.2 Q1 FY15 Q1 FY16 Q1 FY15 Q1 FY16 Sales - Turnkey

  12. Slide 12: Wind Farming Business (Inox Renewables Limited)

    Q1 FY16 – RESULTS HIGHLIGHTS WIND FARMING BUSINESS (INOX RENEWABLES LIMITED) REVENUES * EBITDA** & EBITDA MARGIN PAT & PAT MARGIN 568.5 93.6% 18.3% 84.1% 1.5% 458.2 532.4 385.4 104.0 19 % 28 % 94 % 6.8 Q1 FY15 Q1 FY16 Q1 FY15 Q1 FY16 Q1 FY15 Q1 FY16 EBIDTA EBIDTA % PAT PAT % Fall in revenues and pro

  13. Slide 13: Wind Farming: Average PLF and Tariff

    Q1 FY16 – RESULTS HIGHLIGHTS WIND FARMING BUSINESS (INOX RENEWABLES LIMITED) Average PLF % Average Tariff (Rs per Unit) 24.39% 5.33 5.27 19.24% Q1 FY15 Q1 FY16 Q1 FY15 Q1 FY16 13

  14. Slide 14: Film Exhibition Business (Inox Leisure Limited)

    Q1 FY16 – RESULTS HIGHLIGHTS FILM EXHIBITION BUSINESS (INOX LEISURE LIMITED) REVENUES* EBITDA ** & EBITDA MARGIN PAT & PAT MARGIN 18.8% 7.2% 3,486.8 12.6% 655.7 2.0% 2,323.8 252.6 293.6 50 % 123 % 452 % 45.8 Q1 FY15 Q1 FY16 Q1 FY15 Q1 FY16 Q1 FY15 Q1 FY16 EBIDTA EBIDTA % PAT PAT % Q1 FY16 Revenues o

  15. Slide 15: Footfalls, Occupancy, Spend per Head and Ticket Price

    Q1 FY16 – RESULTS HIGHLIGHTS FILM EXHIBITION BUSINESS (INOX LEISURE LIMITED) FOOTFALLS & OCCUPANCY RATE FOOD & BEVERAGES – SPEND PER HEAD (SPH) 33% 26% 59 56 14.5 9.9 46 % 5% Q1 FY15 Q1 FY16 Q1 FY15 Q1 FY16 Footfalls (Mn) Occupancy (%) SPH (Rs) Footfalls with Management Properties – Q1 FY16: 15 mn A

  16. Slide 16: Shareholding Structure

    SHAREHOLDING STRUCTURE Share Price Performance Market Data As on 29.07.15 (BSE) 1000.00 800.00 Market capitalization (Rs Mn) 82,277.7 600.00 Price (Rs.) 749.0 400.00 200.00 No. of shares outstanding (Mn) 109.9 0.00 Face Value (Rs.) 1.0 52 week High-Low (Rs.) 817.0 – 476.2 Source: BSE % Shareholding

  17. Slide 17: Financial Summary: Standalone Financials - Chemicals Business

    FINANCIAL SUMMARY – LAST 5 YEARS STANDALONE FINANCIALS – CHEMICALS BUSINESS REVENUES * EBITDA & EBITDA MARGIN PAT & PAT MARGIN CAGR: 15.1 % CAGR: 28.2 % CAGR: 14.1 % 28.9% 13,210 20.6% 26.2% 17.4% 17.0% 21.4% 18.1% 19.8% 11,929 11,544 11,409 5.2% 6.5% 7,804 3,120 2,823 3,824 1,608 2,004 1,944 2,358

  18. Slide 18: Financial Summary: Consolidated Financials

    FINANCIAL SUMMARY – LAST 5 YEARS CONSOLIDATED FINANCIALS REVENUES * EBITDA & EBITDA MARGIN PAT & PAT MARGIN CAGR: 38.7% 43.4% CAGR: 26.9% 27.6% CAGR: 21.2% 27.6% 32.1% 18.8% 17.2% 53,408 17.3% 19.4% 11.0% 12,280 5.4% 34,515 10,172 10,350 7,801 28,302 31,664 5,434 5,852 14,439 5,982 3,988 2,714 1,861

  19. Slide 19: Business Strategy & Outlook

    BUSINESS STRATEGY & OUTLOOK MINIMAL CAPEX OVER NEXT 2-3 YEARS  Major capex for expansion of PTFE capacity to 16,200 MT and corresponding increases in capacities across the entire value chain already incurred.  Ongoing capex going forward expected to be minimal – to the tune of Rs 1,000 – 1,500 mn

  20. Slide 20: Annexure

    ANNEXURE 20

  21. Slide 21: Detailed Financials: Standalone P&L Statement

    DETAILED FINANCIALS STANDALONE P&L STATEMENT Particulars (In Rs Mn) Q1 FY16 Q1 FY15 YoY % Q4 FY15 QoQ % FY15 FY14 YoY % Revenues from Operations 3,527.2 2,836.3 24.4% 3,474.5 1.5% 13,209.7 11,409.4 15.8% COGS 1,172.5 751.7 56.0% 1,078.1 8.8% 3,647.5 3,628.2 0.5% Employee Expenses 266.7 229.2 16.4% 2

  22. Slide 22: Detailed Financials: Standalone Balance Sheet

    DETAILED FINANCIALS STANDALONE BALANCE SHEET Particulars (In Rs Mn) FY15 FY14 Particulars (In Rs Mn) FY15 FY14 Share Holders’ Funds: Non-Current Assets: Equity Share Capital 109.9 109.9 Fixed Assets (Incl. CWIP) 21,031.0 20,563.5 Reserves and Surplus 28,446.0 25,137.1 Non-Current Investments 4,204.7

  23. Slide 23: Detailed Financials: Consolidated P&L Statement

    DETAILED FINANCIALS CONSOLIDATED P&L STATEMENT Particulars (In Rs Mn) Q1 FY16 Q1 FY15 YoY % Q4 FY15 QoQ % FY15 FY14 YoY % Total Income from Operations 14,127.6 8,907.1 58.6% 15,532.0 -9.0% 53,408.1 34,515.4 54.7% COGS 5,552.1 3,137.6 77.0% 6,535.4 -15.0% 21,825.0 13,732.0 58.9% Employee Expenses 659

  24. Slide 24: Detailed Financials: Consolidated Balance Sheet

    DETAILED FINANCIALS CONSOLIDATED BALANCE SHEET Particulars (In Rs Mn) FY15 FY14 Particulars (In Rs Mn) FY15 FY14 Share Holders’ Funds: Goodwill on Consolidation 1,650.8 573.9 Equity Share Capital 109.9 109.9 Non-Current Assets: Reserves and Surplus 42,242.7 32,859.9 Fixed Assets (Incl. CWIP) 44,690.

  25. Slide 25: Group Overview: Strong Pedigree

    GROUP OVERVIEW STRONG PEDIGREE  Strong legacy of more than 80 years.  Diversified businesses across industrial gases, engineering plastics, refrigerants, chemicals, cryogenic engineering, renewable energy and entertainment sectors.  More than 8,000 employees at more than 100 business units across

  26. Slide 26: Thank You

    FOR FURTHER QUERIES: THANK YOU Deepak Asher Ammeet Sabarwal / Nilesh Dalvi Director and Group Head (Corporate Finance) Dickenson Seagull IR Email : deepakasher@gfl.co.in Contact No : +91 9819576873 / +91 9819289131 Email : ammeet.sabarwal@dickensonir.com nilesh.dalvi@dickensonir.com 26

Gujarat Fluorochemicals — Q1 FY16 Earnings Presentation on 6ix