Gfl Ltd · NSE:GFLLIMITED
Gfl — Gujarat Fluorochemicals — Q4 FY19 Earnings Presentation
26 slides from Gfl's earnings presentation, May 27, 2019
Slide 1: Exchange filing cover letter
GUJARAT FLUOROCHEMICALS LIMITED GFL: BRD: 2019 27th May, 2019 The Secretary The Secretary BSELimited National Stock Exchange of India Phiroze Jeejeebhoy Towers Limited Dalal Street, Mumbai 400 001 Exchange Plaza, Bandra Kurla Complex Bandra (E), Mumbai 400 051 Scrip code: 500173 Scrip Code: GUJFLUOR
Slide 2: Quarterly Investor Update Q4FY19 & FY19
GUJARAT FLUOROCHEMICALS LIMITED QUARTERLY INVESTOR UPDATE Q4FY19 & FY19 1
Slide 3: Disclaimer
DISCLAIMER This presentation and the following discussion may contain “forward looking statements” by Gujarat Fluorochemicals 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, result
Slide 4: Discussion Summary
DISCUSSION SUMMARY KEY HIGHLIGHTS Q4 & FY19 RESULTS HIGHLIGHTS CONSOLIDATED RESULTS CHEMICALS BUSINESS WIND TURBINE MANUFACTURING BUSINESS WIND FARMING BUSINESS FILM EXHIBITION BUSINESS BALANCE SHEET UPDATE SHAREHOLDING STRUCTURE ANNEXURE 3
Slide 5: Key Highlights
KEY HIGHLIGHTS Continued momentum in chemicals business led by higher volumes, price improvements and continued emphasis on higher value added products. CHEMICALS BUSINESS Revenues up 31%, EBITDA up 37%, *PAT up 37% in FY19 vs. FY18 (YoY) Business now gradually stabilizing after two years of s
Slide 6: Q4 & FY19 Results
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Slide 7: Consolidated Results
Q4 & FY19 – RESULTS HIGHLIGHTS CONSOLIDATED RESULTS In Rs. Cr Q4 FY19 YoY ANALYSIS REVENUES* EBITDA ** & EBITDA MARGIN PAT & PAT MARGIN *** PAT # & PAT MARGIN 42% 2% 8% 21% 6% 17% 578 1,369 108 992 282 169 484 38 % 67 % 829 % 487 % 62 18 54 94 9 Q418 Q419 Q418 Q419 Q418 Q419 Q418 Q419 EBIDTA EBIDTA
Slide 8: Consolidated Revenues Breakup
Q4 & FY19 – RESULTS HIGHLIGHTS CONSOLIDATED REVENUES BREAKUP In Rs. Cr CONSOLIDATED REVENUES – BUSINESS WISE BREAKUP 1369 5698 27 992 48 % 479 1692 26 % 324 3921 23 17 93 % 1 180 1348 88 % 1437 203 12 % 189 480 200 % 597 682 14 % 2731 2084 31 % -149 -180 -185 Q4 FY18 Q4 FY19 FY18 FY19 % Share Q4 FY1
Slide 9: Consolidated EBITDA Breakup
Q4 & FY19 – RESULTS HIGHLIGHTS CONSOLIDATED EBITDA BREAKUP In Rs. Cr CONSOLIDATED EBITDA – BUSINESS WISE BREAKUP 1296 282 10 315 169 757 133 % 50 % 10 102 157 44 210 2 155 % 85 % 66 184 199 816 6% 293 % 596 -30 8% -28 37 % -1 -32 -81 -1 -34 Q4 FY18 Q4 FY19 FY18 FY19 % Share Q4 FY18 Q4 FY19 % Share F
Slide 10: Consolidated PAT Breakup
Q4 & FY19 – RESULTS HIGHLIGHTS CONSOLIDATED PAT BREAKUP In Rs. Cr CONSOLIDATED PAT – BUSINESS WISE BREAKUP 578 1349 17 % 48 6 133 16 % 62 374 % 240 263 % 58 589 4 4% 1277 115 13 241 79 % 145 % 487 -56 -54 162 % -11 -1 -40 -21 -185 -188 -187 Q4 FY18 Q4 FY19 FY18 FY19 % Share Q4 FY18 Q4 FY19 % Share F
Slide 11: Consolidated Adjusted PAT Breakup
Q4 & FY19 – RESULTS HIGHLIGHTS CONSOLIDATED ADJUSTED PAT BREAKUP In Rs. Cr CONSOLIDATED ADJUSTED PAT* – BUSINESS WISE BREAKUP 108 530 6 244 % 49 199 135 18 86 % 73 4 14 410 % 14 255 % 118 457 87 333 4% 79 % -56 -54 -1 -40 36 % -21 -188 37 % -11 -31 -33 Q4 FY18 Q4 FY19 FY18 FY19 *PAT excludes IT Cred
Slide 12: Standalone Results
Q4 & FY19 – RESULTS HIGHLIGHTS STANDALONE RESULTS In Rs. Cr Q4 FY19 YoY ANALYSIS REVENUES* EBITDA ** & EBITDA MARGIN PAT & PAT MARGIN *** PAT # & PAT MARGIN 86% 15% 17% 682 40% 31% 29% 118 597 589 87 184 199 241 479 14 % 8% 145 % 36 % 241 110 Q418 Q419 Q418 Q419 Q418 Q419 Q418 Q419 EBIDTA EBIDTA % P
Slide 13: Chemicals Business - Standalone Results
Q4 & FY19 – RESULTS HIGHLIGHTS CHEMICALS BUSINESS - STANDALONE RESULTS In Rs. Cr Q4 & FY19 YoY ANALYSIS - REVENUES BREAKUP 682 2,731 19 75 597 98 362 29 33 % 2,084 15 % 74 89 29 34 % 206 76 % 269 1,118 189 42 % 723 55 % 96 2% 98 15 % 362 313 76 84 11 % 265 33 % 351 133 112 460 462 15 % 0% Q4 FY18 Q4
Slide 14: Chemicals Business - Standalone Results (VAP Sales)
Q4 & FY19 – RESULTS HIGHLIGHTS CHEMICALS BUSINESS - STANDALONE RESULTS In Rs. Cr VAP Sales 362 98 82 171 % 97 % 74 Products 39 40 R-410 206 24 % 14 17 % FKM 62 9 11 Fluoropolymers 42 6 162 % AHCL 361 % 15 32 13 70 11 Others 27 159 % 53 % 16 33 92 108 50 % 16 18 % Q4 FY18 Q4 FY19 FY18 FY19 Other Reve
Slide 15: Wind Turbine Manufacturing Business (Inox Wind Limited)
Q4 & FY19 – RESULTS HIGHLIGHTS WIND TURBINE MANUFACTURING BUSINESS (INOX WIND LIMITED) In Rs. Cr Q4 FY19 YoY ANALYSIS REVENUES* EBITDA ** & EBITDA MARGIN PAT & PAT MARGIN -27% -30% -15% -16% 203 180 4% 12 % 6% -56 -54 -30 -28 Q4 FY18 Q4 FY19 Q4 FY18 Q4 FY19 Q4 FY18 Q4 FY19 EBIDTA EBIDTA % PAT PAT %
Slide 16: Wind Farming Business (Inox Renewables Limited)
Q4 & FY19 – RESULTS HIGHLIGHTS WIND FARMING BUSINESS (INOX RENEWABLES LIMITED) Q4 FY19 YoY ANALYSIS In Rs. Cr REVENUES* EBITDA ** & EBITDA MARGIN PAT & PAT MARGIN 25% 14% 17 -104% -949% 2 4 374 % 93 % 155 % 1 -11 -1 Q4 FY18 Q4 FY19 Q4 FY18 Q4 FY19 Q4 FY18 Q4 FY19 EBIDTA EBIDTA % PAT PAT % FY19 YoY A
Slide 17: Film Exhibition Business (Inox Leisure Limited)
Q4 & FY19 – RESULTS HIGHLIGHTS FILM EXHIBITION BUSINESS (INOX LEISURE LIMITED) Q4 FY19 YoY ANALYSIS In Rs. Cr REVENUES* EBITDA ** & EBITDA MARGIN PAT & PAT MARGIN *** PAT # & PAT MARGIN 4% 10% 14% 21% 18% 10% 479 49 102 58 324 48 48 % 5 44 133 % 17 % 14 244 % 54 44 4 Q418 Q419 Q418 Q419 Q418 Q419 Q4
Slide 18: Balance Sheet Update
BALANCE SHEET UPDATE In Rs. Cr In Rs. Cr Consolidated MAR-19 Consolidated MAR-19 Net Non Current Assets Total Debt Chemicals Business 4,167.5 Chemicals Business 916.6 Wind Turbine Manufacturing Business 1,597.3 Wind Turbine Manufacturing Business 1,305.2 Wind Farming Business 561.1 Wind Farming Busi
Slide 19: Shareholding Structure
SHAREHOLDING STRUCTURE Share Price Performance Market Data As on 24.05.2019 (BSE) 1150.00 Market capitalization (Rs Cr) 11311.80 1100.00 Price (Rs.) 1029.75 1050.00 1000.00 No. of shares outstanding (Cr) 10.99 950.00 900.00 Face Value (Rs.) 1.0 850.00 800.00 52 week High-Low (Rs.) 1117.10 -722.40 No
Slide 20: Annexures
ANNEXURES 19
Slide 21: Detailed Financials: Standalone P&L Statement
DETAILED FINANCIALS STANDALONE P&L STATEMENT Particulars (In Rs Cr) Q4 FY19 Q4 FY18 YoY % Q3 FY19 QoQ % FY19 FY18 YoY % Revenue from Operations 682 597 14% 674 1.2% 2,731 2,084 31% Other Income 27 13 104% 17 59.3% 100 86 15% Total Income 708 610 16% 690 2.6% 2,830 2,171 30% Cost of Material Consumed
Slide 22: Detailed Financials: Standalone Balance Sheet
DETAILED FINANCIALS STANDALONE BALANCE SHEET Particulars (Rs Cr) Mar-19 Mar-18 Particulars (Rs Cr) Mar-19 Mar-18 Share Holders’ Funds: Non-current Assets: Property, Pl ant & Equi pment 2,157 1,865 Equity Share Capital 11 11 Capi tal Work-i n-progress 229 344 Other Equity 4,698 3,468 Investment Prope
Slide 23: Detailed Financials: Consolidated P&L Statement
DETAILED FINANCIALS CONSOLIDATED P&L STATEMENT Particulars (In Rs Cr) Q4 FY19 Q4 FY18 YoY % Q3 FY19 QoQ % FY19 FY18 YoY % Revenue from Operations 1,369 992 38% 1,490 -8.1% 5,698 3,921 45% Other Income 19 17 13% 15 23.7% 82 114 -28% Revenue from Operations 1,388 1,009 38% 1,505 -7.8% 5,780 4,035 43%
Slide 24: Detailed Financials: Consolidated Balance Sheet
DETAILED FINANCIALS CONSOLIDATED BALANCE SHEET Particulars (Rs Cr) Mar-19 Mar-18 Particulars (Rs Cr) Mar-19 Mar-18 Share Holders’ Funds: Non-current Assets: Equity Share Capital 11 11 Property, Pl ant & Equi pment 4,217 3,703 Capi tal Work-i n-progress 751 724 Other Equity 5,966 4,756 Investment Pro
Slide 25: Group Overview: Strong Pedigree
GROUP OVERVIEW STRONG PEDIGREE USD $3 Billion Inox Group 90 Year track record of 10,000+ employees at 150+ Distribution network spread diversified across 6 different consistent business growth business units across India over 50+ countries businesses Listed Companies • Other Key Companies c: INOX AI
Slide 26: For Further Queries
FOR FURTHER QUERIES: Deepak Asher Director and Group Head (Corporate Finance) Email : deepakasher@gfl.co.in Bhavin Desai Company Secretary Email : bvdesai@gfl.co.in 25
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