Dcm Shriram Limited · NSE:DCMSHRIRAM
Dcm Shriram — DCM Shriram Consolidated — Q1 FY2011 Earnings Presentation
24 slides from Dcm Shriram's earnings presentation, Jul 26, 2010
Slide 1: DCM Shriram Consolidated Limited Investor Presentation Q1 FY2011
DCM SHRIRAM CONSOLIDATED LIMITED Investor Presentation Q1 FY2011 26 July 2010
Slide 2: Safe Harbour
Safe Harbour Certain statements in this document may be 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 our actua
Slide 3: Table of Content
Table of Content Title Slide No. Financials 4 Q1 FY2011 Performance Snapshot 5 Management’s Message 8 Segment Performance 9 Chloro-Vinyl Businesses 11 Agri Input Business 15 Sugar 19 Hariyali Kisaan Bazaar 20 Fenesta Building Systems 21 Cement 22 Others 23 DSCL Investor Presentation – Q1 FY 2011 3
Slide 4: Consolidated Financials
Consolidated Financials Particulars (Rs. Cr) Q1 FY2011 Q1 FY2010 % Shift Net Revenue 1,020.25 935.28 9.1 EBIDTA 47.29 113.44 (58.3) Interest 17.70 29.45 (39.9) Depreciation 39.91 39.34 1.45 PBT (10.32) 44.65 -- PAT (9.42) 29.37 -- Cash Profits ( Before Exceptional 25.31 80.51 (68.6) Items) Key Highl
Slide 5: Q1 FY2011 – Performance Overview
Q1 FY2011 – Performance Overview 1. Net Revenues higher by 9.1% at Rs. 1,020.3 Crore compared to Rs. 935.3 Crore : a) Farm solutions (Agri Input): Revenues higher by 28.2% at Rs. 197.4 with higher sales of SSP & MOP b) Bioseed: Healthy performance across all geographies (India, Philippines & Vietnam
Slide 6: Q1 FY2011 – Performance Overview
Q1 FY2011 – Performance Overview 2. EBIT for the quarter stood at Rs. 7.38 Crore (Last Year Rs. 74.10 Crore) a) Fertilizers: Increase in earnings by ~Rs. 5 Crore as a result of improved efficiencies on account of energy savings due to gas conversion and receipt of freight arrears for 2007-08 b) Bios
Slide 7: Outlook & Perspectives
Outlook & Perspectives Fertilizers: Earnings to witness positive growth helped by improved efficiencies Farm Solutions (Agri Input): Higher sale of DAP & MOP along with value-added products to enable a healthy growth in the coming quarters Bioseed: Should maintain growth momentum under normal
Slide 8: Management’s Message
Management’s Message Commenting on the performance for the quarter, in a joint statement, Mr. Ajay Shriram, Chairman & Senior Managing Director, and Mr. Vikram Shriram, Vice Chairman & Managing Director, said: “Our Performance during the quarter has been adversely affected due to sharp deterioration
Slide 9: Segment Performance
Segment Performance Revenues* PBIT* PBIT Margin (%) Segments Q1 FY11 Q1 FY10 % Q1 FY11 Q1 FY10 % Q1 FY11 Q1 FY10 Chloro Vinyl incl. Power 185.8 209.8 (11.4) 37.7 56.3 (32.9) 20.3 26.8 Agri Input 430.6 362.5 18.8 43.9 26.9 62.8 10.2 7.4 - Fertilizers 117.5 126.4 (7.1) 11.8 6.9 70.2 10.0 5.5 - Farm so
Slide 10: Segmental Overview
Segmental Overview • Chlor – Alkali • PVC Resin and Compounds Chloro- Vinyl Businesses • Calcium carbide • Power • Agri- Inputs – Fertilizers – Farm Solutions Agri Businesses – Bioseeds • Sugar Hariyali Kisaan Bazaar Fenesta Building Systems Cement Textile DSCL Investor Presentation – Q1 FY 2011 10
Slide 11: Chloro-Vinyl Business
CHLORO-VINYL BUSINESS The Chloro-Vinyl business of the Company has a highly integrated operation with multiple revenue streams and economical captive power generation facilities. Chloro- Vinyl operations are at two locations (Kota – Rajasthan and Bharuch – Gujarat) with full captive coal based power
Slide 12: Chlor-Alkali
Chlor-Alkali Operational Financial Sales Realizations Revenues PBIT Particulars (MT) (Rs./MT) (Rs. Cr.) (Rs. Cr.) Q1 FY2011 39,057 17,187 65.4 0.1 Q1 FY2010 44,919 18,548 94.0 15.7 % Shift (13.1) (7.3) (30.4) - Optimized earnings at Kota plant by limiting chemicals production and selling power whi
Slide 13: Plastics
Plastics Operational Financials PVC XWR Carbide Carbide XWR PVC Sales Revenues PBIT Particulars (MT) Realizations Sales Realizations (Cr.) (Cr.) (Rs./MT) (MT) (Rs./MT) Q1 FY2011 2,830 52,452 6,510 33,886 38.5 (4.8) Q1 FY2010 3,864 47,068 6,052 35,584 45.6 0.4 % Shift (26.8) 11.4 7.6 (4.8) (15.6) --
Slide 14: Power
Power Particulars Revenues (Rs. Cr.) PBIT (Rs. Cr.) Q1 FY2011 81.9 42.4 Q1 FY2010 70.2 40.2 % Shift 16.7 5.5 The Company took advantage of swing capability in its Chloro-Vinyl operations to reduce production of downstream products at its Kota Complex (due to lower prices of Chlor-Alkali, down by 6
Slide 15: Agri-Input Business
AGRI- INPUT BUSINESS The Agri input business contributed to 39.75% of the total revenues of the Company. The Company continues to focus on these businesses given the huge opportunity in this area where the Company can capitalize on its long standing understanding of varied Agri businesses and the ru
Slide 16: Fertilizers
Fertilizers Operational Financial Sales Realizations Revenues PBIT Particulars (MT) (Rs./MT) (Rs. Cr.) (Rs. Cr.) Q1 FY2011 100,381 11,687 117.5 11.8 Q1 FY2010 97,979 12,852 126.4 6.9 % Shift 2.5 (9.1) (7.1) 70.2 Marginally lower revenues were a result of usage of 100% Natural Gas as feedstock comp
Slide 17: Farm Solutions
Farm Solutions Particulars Revenues (Rs. Cr.) PBIT (Rs. Cr.) Q1 FY2011 197.4 7.9 Q1 FY2010 153.9 7.8 % Shift 28.2 1.7 The portfolio comprise of fertilizers (DAP, MOP, SSP) along with value-added products such as seeds, pesticides, soluble fertilizer, micro-nutrients etc. Extensive Agri extension
Slide 18: Bioseed
Bioseed Particulars Revenues (Rs. Cr.) PBIT (Rs. Cr.) Q1 FY2011 115.8 24.2 Q1 FY2010 82.2 12.2 % Shift 40.9 97.7 Bioseed is our hybrid seed business with mandated crops- Corn, Paddy, Cotton, Bajra and Vegetables The business includes research, production, processing and marketing of hybrid seeds
Slide 19: Sugar
Sugar Particulars Operational Financial Sales Realizations Revenues PBIT Particulars (Lac Qtl) *(Rs./Qtl) (Rs. Cr.) (Rs. Cr.) Q1 FY2011 5.34 2,748 163.9 (38.2) Q1 FY2010 8.69 2,282 203.7 6.1 % Shift (38.5) 20.4 (19.5) -- * Free Sugar Comprises sugar crushing capacity of 33,000 TCD and Power Capaci
Slide 20: Hariyali Kisaan Bazaar
Hariyali Kisaan Bazaar Particulars Revenues (Rs. Cr.) PBIT (Rs. Cr.) Q1 FY2011 188.1 (20.2) Q1 FY2010 108.7 (16.6) % Shift 73.1 -- This business continues to evolve as a ‘Rural Business Centre’, symbolizing trust, reliability and respect among the rural community This business registered higher
Slide 21: Fenesta Building Systems
Fenesta Building Systems Fenesta provides end to end solutions including design, extrusion, fabrication and installation of windows and internal doors for all kinds of buildings Fenesta with its diverse product line is regarded as a brand and product leader on a pan India basis. The brand has be
Slide 22: Cement
Cement Operational Financial Sales Realizations Revenues PBIT Particulars (MT) (Rs./MT) (Rs. Cr.) (Rs. Cr.) Q1 FY2011 90,000 2,773 32.0 7.7 Q1 FY2010 96,916 2,957 36.0 12.4 % Shift (7.1) (6.2) (11.1) (38.2) The cement business is limited in size since its capacity is limited to the waste generated
Slide 23: Other Businesses
OTHER BUSINESSES DSCL’s other operations, reported as ‘others’ in the financial results, include its value- added businesses of Polymer Compounding, Fenesta Building Systems along with Textiles. Revenues under ‘others’ registered a growth of 7.9% at Rs. 83.1 Crore in the quarter under review compare
Slide 24: About Us
About Us DSCL is an integrated business entity, with extensive and growing presence across the entire Agri-rural value chain and Chloro-Vinyl industry. The Company has added innovative value- added businesses in these domains. With a large base of captive power produced at a competitive cost, the Co
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