Gfl Ltd · NSE:GFLLIMITED

Gfl — Gujarat Fluorochemicals — Q1 FY19 Earnings Presentation

23 slides from Gfl's earnings presentation, August 2018

  1. Slide 1: Gujarat Fluorochemicals Limited Quarterly Investor Update Q1 FY19

    GUJARAT FLUOROCHEMICALS LIMITED QUARTERLY INVESTOR UPDATE Q1 FY19

  2. Slide 2: 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

  3. Slide 3: Discussion Summary

    DISCUSSION SUMMARY  KEY HIGHLIGHTS  Q1 FY19 RESULTS HIGHLIGHTS  CONSOLIDATED RESULTS  CHEMICALS BUSINESS  WIND TURBINE MANUFACTURING BUSINESS  WIND FARMING BUSINESS  FILM EXHIBITION BUSINESS  SHAREHOLDING STRUCTURE  ANNEXURE 3

  4. Slide 4: Key Highlights

    KEY HIGHLIGHTS  Continued momentum in chemicals business led by higher sales and price improvements CHEMICALS BUSINESS  Chemicals business revenues up 38%, EBITDA up 103%, PAT up 82% in Q1 FY19 vs. Q1 FY18 (YoY)  Business turning around after 1 year of transition pain, with stabilisation of aucti

  5. Slide 5: Q1 FY19 Results

    Q1 FY19 RESULTS 5

  6. Slide 6: Consolidated Results

    Q1 FY19 – RESULTS HIGHLIGHTS CONSOLIDATED RESULTS Q1 FY19 YoY ANALYSIS In Rs. Cr REVENUES * EBITDA ** & EBITDA MARGIN PAT & PAT MARGIN 1,359.8 10.8% 18.9% 26.2% 5.4% 1,085.2 147.1 356.2 204.9 25 % 74 % 151 % 58.7 Q1 FY18 Q1 FY19 Q1 FY18 Q1 FY19 Q1 FY18 Q1 FY19 EBIDTA EBIDTA % PAT PAT % Note: * Reven

  7. Slide 7: Consolidated Revenues Breakup

    Q1 FY19 – RESULTS HIGHLIGHTS CONSOLIDATED REVENUES BREAKUP In Rs. Cr CONSOLIDATED REVENUES – BUSINESS WISE BREAKUP 1,359.8 % Share Q1 FY18 Q1 FY19 1,085.2 414.9 7% 5.8 Chemicals Business 46.3% 51.1% 387.4 430.5 Wind Turbine Manufacturing 92 % 9.8% 31.7% Business 76.6 106.0 306 % Wind Farming Busines

  8. Slide 8: Consolidated EBITDA Breakup

    Q1 FY19 – RESULTS HIGHLIGHTS CONSOLIDATED EBITDA BREAKUP In Rs. Cr CONSOLIDATED EBITDA – BUSINESS WISE BREAKUP 356.2 % Share Q1 FY18 Q1 FY19 83.5 Chemicals Business 51.0% 59.7% 3.2 204.9 10 % 70.4 Wind Turbine Manufacturing -6.5% 19.8% 91 % Business 75.9 629 % Wind Farming Business 16.8% 0.9% 34.4 2

  9. Slide 9: Consolidated PAT Breakup

    Q1 FY19 – RESULTS HIGHLIGHTS CONSOLIDATED PAT BREAKUP In Rs. Cr CONSOLIDATED PAT – BUSINESS WISE BREAKUP 147.1 % Share Q1 FY18 Q1 FY19 37.0 58.7 15 % 10.4 Chemicals Business 107.9% 78.3% 3.7 144 % 32.1 Wind Turbine Manufacturing 115.3 -66.5% 7.0% 127 % Business 63.3 82 % Wind Farming Business -2.3%

  10. Slide 10: Standalone Results

    Q1 FY19 – RESULTS HIGHLIGHTS STANDALONE RESULTS In Rs. Cr Q1 FY19 YoY ANALYSIS REVENUES * EBITDA ** & EBITDA MARGIN PAT & PAT MARGIN 20.8% 30.6% 694.8 212.6 12.6% 16.6% 502.3 115.3 104.5 63.3 82 % 38 % 103 % Q1 FY18 Q1 FY19 Q1 FY18 Q1 FY19 Q1 FY18 Q1 FY19 EBIDTA EBIDTA % PAT PAT % Note: * Revenue fr

  11. Slide 11: Chemicals Business - Standalone Results

    Q1 FY19 – RESULTS HIGHLIGHTS CHEMICALS BUSINESS - STANDALONE RESULTS In Rs. Cr Q1 FY19 YoY ANALYSIS - REVENUES BREAKUP % Share Q1 FY18 Q1 FY19 694.8 Caustic Soda 17.7% 16.3% 19.7 101.3 502.3 Chloromethanes 10.1% 10.0% 100 % 28.7 19 % Refrigerant Gases 17.9% 16.0% 16.5 46.3 279.6 119 % Poly Tetrafluo

  12. Slide 12: Chemicals Business - Sales Volume and Price Trend

    Q1 FY19 – RESULTS HIGHLIGHTS CHEMICALS BUSINESS - STANDALONE RESULTS Q1 FY19 YoY ANALYSIS - SALES VOLUME BREAKUP (MT) Q1 FY19 YoY ANALYSIS - PRICE TREND (RS PER MT) 37,483 43,425 15,445 16,019 32,520 30,281 27,413 32,987 10 % 4% 15 % 32 % Q1 FY18 Q1 FY19 Q1 FY18 Q1 FY19 Q1 FY18 Q1 FY19 Q1 FY18 Q1 FY

  13. Slide 13: Wind Turbine Manufacturing Business (Inox Wind Limited)

    Q1 FY19 – RESULTS HIGHLIGHTS WIND TURBINE MANUFACTURING BUSINESS (INOX WIND LIMITED) In Rs. Cr Q1 FY19 YoY ANALYSIS REVENUES * EBITDA ** & EBITDA MARGIN PAT & PAT MARGIN 430.5 16.4% 2.4% -12.6% -36.8% 70.4 306 % 629 % 127 % 10.4 106.0 Q1 FY18 Q1 FY19 -13.3 Q1 FY18 Q1 FY19 -39.0 EBIDTA EBIDTA % Q1 FY

  14. Slide 14: Wind Farming Business (Inox Renewables Limited)

    Q1 FY19 – RESULTS HIGHLIGHTS WIND FARMING BUSINESS (INOX RENEWABLES LIMITED) In Rs. Cr Q1 FY19 YoY ANALYSIS REVENUES * EBITDA ** & EBITDA MARGIN PAT & PAT MARGIN -1.8% -57.4% 76.6 45.0% 55.7% 34.4 92 % 91 % 144 % -1.4 5.8 3.2 -3.3 Q1 FY18 Q1 FY19 Q1 FY18 Q1 FY19 Q1 FY18 Q1 FY19 EBIDTA EBIDTA % PAT P

  15. Slide 15: Film Exhibition Business (Inox Leisure Limited)

    Q1 FY1 – RESULTS HIGHLIGHTS FILM EXHIBITION BUSINESS (INOX LEISURE LIMITED) In Rs. Cr Q1 FY19 YoY ANALYSIS REVENUES * EBITDA ** & EBITDA MARGIN PAT & PAT MARGIN 19.6% 20.1% 8.3% 8.9% 387.4 414.9 75.9 83.5 32.1 37.0 7% 10 % 15 % Q1 FY18 Q1 FY19 Q1 FY18 Q1 FY19 Q1 FY18 Q1 FY19 EBIDTA EBIDTA % PAT PAT

  16. Slide 16: Shareholding Structure

    SHAREHOLDING STRUCTURE Market Data As on 10.08.2018 (BSE) Share Price Performance 900.00 Market capitalization (Rs Cr) 8294.77 Price (Rs.) 755.10 800.00 No. of shares outstanding (Cr) 10.99 700.00 Face Value (Rs.) 1.0 600.00 52 week High-Low (Rs.) 959.00 – 670.10 Mar-18 Apr-18 May-18 Jun-18 Jul-18 A

  17. Slide 17: Annexures

    ANNEXURES 17

  18. Slide 18: Detailed Financials: Standalone P&L Statement

    DETAILED FINANCIALS STANDALONE P&L STATEMENT Particulars (In Rs Cr) Q1 FY19 Q1 FY18 YoY % Q4 FY18 QoQ % FY18 Revenue from Operations 694.8 502.3 38.3% 596.5 16.5% 2,084.3 Other Income 13.6 25.4 -46.4% 13.1 4.1% 86.4 Total Income 708.4 527.7 34.2% 609.6 16.2% 2,170.7 Cost of Material Consumed 254.0 1

  19. Slide 19: Detailed Financials: Standalone Balance Sheet

    DETAILED FINANCIALS STANDALONE BALANCE SHEET Particulars (Rs Cr) Mar-18 Mar-17 Particulars (Rs Cr) Mar-18 Mar-17 Share Holders’ Funds: Non-current Assets: Equity Share Capital 11.0 11.0 Property, Plant & Equi pment 1,864.6 1,858.0 Capi tal Work-in-progress 343.7 139.2 Other Equity 3,468.1 3,025.4 In

  20. Slide 20: Detailed Financials: Consolidated P&L Statement

    DETAILED FINANCIALS CONSOLIDATED P&L STATEMENT Particulars (In Rs Cr) Q1 FY19 Q1 FY18 YoY % Q4 FY18 QoQ % FY18 Revenue from Operations 1,359.8 1,085.2 25.3% 991.7 37.1% 3,921.3 Other Income 9.1 36.8 -75.1% 16.8 -45.5% 114.0 Revenue from Operations 1,368.9 1,122.0 22.0% 1,008.5 35.7% 4,035.3 Cost of

  21. Slide 21: Detailed Financials: Consolidated Balance Sheet

    DETAILED FINANCIALS CONSOLIDATED BALANCE SHEET Particulars (Rs Cr) Mar-18 Mar-17 Particulars (Rs Cr) Mar-18 Mar-17 Share Holders’ Funds: Non-current Assets: Equi ty Share Capi tal 11.0 11.0 Property, Plant & Equipment 3,702.7 3,384.5 Other Equi ty 4,755.8 4,507.3 Capi tal Work-i n-progress 724.3 410

  22. Slide 22: 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 Gujarat Fluo

  23. Slide 23: 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 23

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