Gujarat Fluorochemicals Ltd. · NSE:FLUOROCHEM
Gujarat Fluorochemicals — Q2 FY2024 Earnings Presentation
35 slides from Gujarat Fluorochemicals's earnings presentation, Nov 3, 2023
Slide 1: Exchange filing cover letter for Q2FY24 investor presentation
GFCL: BRD: 2023 3rd November, 2023 The Secretary The Secretary BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, Bandra Kurla Complex Dalal Street, Mumbai 400 001 Bandra (E), Mumbai 400 051 Scrip Code: 542812 Symbol: FLUOROCHEM Sub: Investor Presentation
Slide 2: Gujarat Fluorochemicals Limited Investor Presentation Q2FY24
Gujarat Fluorochemicals Limited Investor Presentation Q2FY24
Slide 3: Earnings Update Q2FY24, Financial Trend, Company Overview, Core Competencies
Earnings Update Q2FY24 Financial Trend Company Overview Core Competencies 2
Slide 4: Earnings Update Q2FY24
GUJARAT FLUOROCHEMICA\ Earnings Update Q2FY24
Slide 5: Q2FY24 Highlights
Q2FY24 Highlights ➢ Consolidated Revenue from Operations for Q2FY24 was Rs. 947 Cr down by 35% on a YoY basis. ➢ Consolidated EBIDTA for Q2FY24 was Rs. 163 Cr down by 70% on a YoY basis. ➢ The EBIDTA margins for Q2FY24 were 17% as against 37% in Q2FY23. ➢ Consolidated PAT for Q2FY24 was Rs. 53 Cr do
Slide 6: Consolidated Revenue From Operations
Consolidated Revenue From Operations 1,461 1,209 22% 35% 947 947 Q1FY24 Q2FY24 Q2FY23 Q2FY24 Figures in Rs. Cr 5
Slide 7: Consolidated EBITDA & EBIDTA Margin
Consolidated EBITDA & EBIDTA Margin 37% 536 29% 348 17% 70% 17% 53% 163 163 Q1FY24 Q2FY24 Q2FY23 Q2FY24 EBITDA EBITDA % EBITDA EBITDA % Figures in Rs. Cr 6
Slide 8: Consolidated PAT & PAT Margin
Consolidated PAT & PAT Margin 24% 357 17% 201 85% 74% 6% 6% 53 53 Q1FY24 Q2FY24 Q2FY23 Q2FY24 PAT PAT % PAT PAT % Figures in Rs. Cr 7
Slide 9: Business Vertical – Bulk Chemicals
Business Vertical – Bulk Chemicals 167 170 Performance and Outlook – Bulk Chemicals 2% Volumes have improved marginally over the previous quarter. Revenue Q1FY24 Q2FY24 Caustic soda/MDC prices were impacted further during the quarter but expected to have bottomed out. Expect this segment to perform
Slide 10: Business Vertical – Fluorochemicals
Business Vertical – Fluorochemicals 331 Performance and Outlook - Fluorochemicals 185 44% Volumes and Prices have been impacted significantly on account of drop in R125 exports to US and also due to poor season in domestic market. Specialty chemical continues to be sluggish and Chinese dumping Reven
Slide 11: Business Vertical – Fluoropolymers
Business Vertical – Fluoropolymers 674 574 Performance and Outlook - Fluoropolymer Fluoropolymers performance majorly impacted due to, (i)commodity and lower 15% end grades of PTFE where prices saw a sharp decline due to Chinese dumping, (ii) due to continued destocking in higher end grades, and hea
Slide 12: Financial Trend
GUJARAT FLUOROCHEMICA\ Financial Trend 11
Slide 13: Annual Revenue, EBIDTA and PAT Trend
Annual Revenue, EBIDTA and PAT Trend 6000 5685 2,047 5000 3954 4000 3403 1,198 3000 2606 2651 1954 2156 638 36% 2000 1344 1302 553 511 30% 1262 24% 1000 2000 2282 24% 21% 1262 1349 894 0 FY 20 FY 21 FY 22 FY23 H1FY24 FY 20 FY 21 FY 22 FY 23 H1FY24 Domestic Revenue Export Revenue EBIDTA EBIDTA % 1,32
Slide 14: RoCE-RoE, Debt-Equity & Working Capital Trend
RoCE-RoE, Debt-Equity & Working Capital Trend RoCE RoE 34.07% 27.14% 24.46% 20.10% 11.92% 11.64% 9.87% 9.01% FY 21 FY 22 FY 23 H1FY24 FY 21 FY 22 FY 23 H1FY24 Net Debt Equity Ratio Working Capital Days 0.33 155 159 0.26 0.23 0.24 128 120 FY 21 FY 22 FY 23 H1FY24 FY 21 FY 22 FY 23 H1FY24 * Excluding
Slide 15: Capex
Capex FY 2024 FY 2023 Rs. 1500 Cr Rs 1349 Cr FY 2022 Rs 660 Cr Some part of the planned capex for FY24 is expected to be staggered to H1FY25. Capex plans for subsequent years remain unchanged. 14
Slide 16: INOXGFL, Group Company
20 INOYGEL, Group Company 1 15
Slide 17: INOXGFL Group
INOXGFL GROUP The INOXGFL Group with a legacy of more than 90 years is one of the largest business Groups in India. The Group is a forerunner in diversified business segments comprising specialty chemicals, fluoropolymers, gases, wind turbines and renewables. The Group currently with 4 listed entiti
Slide 18: Business Verticals
Business Verticals 30 years of expertise of focusedinexpertise Fluorine in Chemistry Fluorine Chemistry BULK CHEMICALS Established player in Fluoropolymers, Specialty Chemicals, Refrigerants & Bulk Chemicals FLUOROCHEMICALS Three manufacturing facilities in India, Fluorspar mine in Morocco, offices
Slide 19: Bulk Chemicals Vertical
Bulk Chemicals Vertical PRODUCTS CAUSTIC SODA CHLOROFORM METHYLENE DI CHLORIDE CTC APPLICATIONS • Textiles • Feedstock for Refrigerant • Pharma API • Pesticides • Soaps & Detergents Gas R-22 • Foam manufacturing • Agricultural Chemicals • Alumina • Solvent - Pharma • Agri-chem & Pharma • Plastics Fo
Slide 20: Fluorochemicals Vertical
Fluorochemicals Vertical PRODUCTS HF BASED TFE BASED KF BASED REFRIGERANTS APPLICATIONS • Agrochemical majorly Insecticides, • Pharmaceutical Intermediates, • Pharmaceutical Intermediates, • Air-conditioners Herbicides & Fungicides • Agrochemical Pesticide & • Agrochemical Pesticide & • Plant Growth
Slide 21: Fluoropolymers Vertical
Fluoropolymers Vertical PRODUCTS PTFE MICRO POWDERS PFA PVDF FEP FKM PPA APPLICATIONS • Oil & Gas • Printing Inks • Semi-conductors • Chemical • Wire & Cable • Automotive • Improve Surface • Pharma & CPI • Engineering • Aero-space Processing • Defense • Chemicals Finish & Gloss • Food Plastics • Che
Slide 22: New Age Industry Vertical
New Age Industry Vertical APPLICATIONS ELECTRIC VEHICLES SOLAR PANELS HYDROGEN FUEL CELLS / ELECTROLYZERS PRODUCTS • PVDF Electrode Binders • PVDF Film • Fluoropolymers(FKM, PTFE, FEP) • Battery Chemicals • Back-sheet • Membranes • LiPF6 • Charging Accessories • Additives • Electrolyte Formulations
Slide 23: New Age Vertical-Electric Vehicle Batteries
New Age Vertical-Electric Vehicle Batteries APPLICATIONS ELECTRIC VEHICLES BATTERIES PRODUCTS • PVDF Electrode Binders • Battery Chemicals • LiPF6 • Additives • Electrolyte Formulations ➢ Battery demand 2030 for EVs, energy storage and consumer electronics is estimated at 2633 GWH with EV battery ch
Slide 24: New Age Vertical-Solar Panels
New Age Vertical-Solar Panels APPLICATIONS SOLAR PANELS PRODUCTS • PVDF Film • Back-sheet ➢ Under the Solar Mission, to reduce both the carbon emissions and the dependance on imports of oil, the Indian Government has announced a very ambitious target of achieving 450 GW of renewable energy by 2030.
Slide 25: New Age Vertical-Hydrogen Fuel Cells / Electrolyzers
New Age Vertical-Hydrogen Fuel Cells / Electrolyzers APPLICATIONS HYDROGEN FUEL CELLS / ELECTROLYZERS PRODUCTS • Fluoropolymers(FKM, PTFE, FEP) • Membranes • Charging Accessories ➢ Green hydrogen has the potential to decarbonise industry, transport, energy and heating leading to significant emission
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Slide 27: Core Competencies
Core Competencies Integrated Plant Operations Manufacturing Capabilities Global Presence 26
Slide 28: Integrated Operations
Integrated Operations GFL’s vertically integrated facility makes it one of the most reliable producers, of a wide range of * Fluoropolymers, globally. Integration play helps GFL to maximise value addition. * Under Implementation 27
Slide 29: Manufacturing Facilities
Manufacturing Facilities RANJIT NAGAR, GUJARAT, INDIA DAHEJ, GUJARAT, INDIA JOLVA, GUJARAT, INDIA Specialty Chemicals & Refrigerants Fluoropolymers, Specialty & Bulk Fluoropolymers, Specialty & New Chemicals Age Chemicals Commissioned in 1989 Commissioned in 2007 Under Phased Commissioning Largest R
Slide 30: Research & Development
Research & Development Enables customised solutions Collaborates with renowned and develop sustainable educational and research technology institutes Equipped with team of highly efficient researchers, scientists and product specialists, state of the art equipment including application development l
Slide 31: Sustainability
Sustainability ESG Ratings Environment Social Governance ISO 14001:2015 ISO 45001:2018 ISO 37001:2016 Environment Management Occupational Health & Anti Bribery Management System Safety Management System System ISO 9001:2015 SA – 8000 ISO/IEC 27001:2022 Quality Management Social Accountability Inform
Slide 32: Sustainability
Sustainability Environment Social 2000282 GJ 3418 Numbers FY 23 Renewable energy inputs FY 23 Total Employee Reused 24% 8% FY 23 Integrated Waste Management FY 23 Employee Retention Rate 14% > 0.25 FY 23 Water Consumption FY 23 Lost time incident frequency rate (LTIFR) 11% > 0.7 FY 23 Wastewat
Slide 33: Regulatory Compliance
Regulatory Compliance GUJARAT FLUOROCHEMICALS ROHS - Restriction of Hazardous Substances GECHA EUROPEAN CHEMICALS AGENCY SVHC - Substances of Very High Concern FDA - Food and Drug Administration An INOYAGEL Group Company Use US Marmacopstt REACH - Registration, Evaluation, USP Class VI - United Stat
Slide 34: For further queries:
For further queries: Vibhu Agarwal Head Investor Relations e-mail: vibhu.agarwal@gfl.co.in Manoj Agrawal Chief Financial Officer e-mail: manojagrawal@gfl.co.in Bhavin Desai Company Secretary e-mail: bvdesai@gfl.co.in 33
Slide 35: Thank You
Thank You This presentation and the following discussion may contain “forward looking statements” by Gujarat Fluorochemicals Limited (“GFCL” or “the Company”) that are not historical in nature. These forward looking statements, which may include statements relating to future state of affairs, result
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