Slide 1: Exchange filing cover letter
The Corporate Relationship Department, National Stock Exchange of India Limited BSE Limited “Exchange Plaza” Ist Floor , New Trading Ring Rotunda Bandra-Kurla Complex Building, P.J. Towers Bandra (E) Dalal Street, Mumbai 400 051 Mumbai 400 001 Scrip Code- 503806 Scrip Code-SRF SRF/SEC/BSE/NSE 24.07.
Slide 2: Q1 FY25 Results Presentation
Q1 FY25 Results Presentation July 24, 2024 SRF - General [Restricted use] - This mail, document can be used by recipients for its intended purpose only.
Slide 3: Disclaimer
Disclaimer Some statements in this document may be forward-looking. Such statements are subject to certain risks and uncertainties like regulatory changes, local, political or economic developments, and many other factors that could cause actual results to differ materially from those contemplated b
Slide 4: Table of Contents
Table of Contents 01 02 03 04 Company Q1 FY25 Results Outlook Q1 FY25 Segmental Overview Overview Performance SRF - General [Restricted use] - This mail, document can be used by recipients for its intended purpose only. 3
Slide 5: Company Overview
COMPANY OVERVIEW SRF - General [Restricted use] - This mail, document can be used by recipients for its intended purpose only.
Slide 6: Snapshot
Snapshot 100+ 4 16 ~9,000 Countries- Countries- Manufacturing Global Exports Operations Facilities Workforce ₹ 13,139 cr. ₹ 2,744 cr. ₹ 1,336 cr. Revenue EBITDA PAT 48% 34% 18% Chemicals Packaging Technical Films Textiles & Others Note: On Consolidated basis as on 31st March 2024 SRF - General [Rest
Slide 7: Overview - Business Profile
Overview - Business Profile No of Plants - 2 Specialty Chemicals Fluorochemicals • Intermediates for AI/API/Specialized • Refrigerants • Industrial Chemicals EBIT - ₹ 1,627 cr. • Pharma Propellants Applications • Fluoropolymers Revenue - ₹ 6,297 cr. • Contract Development & Manufacturing Chemicals N
Slide 8: Manufacturing Facilities
Manufacturing Facilities FLUOROCHEMICALS & SPECIALTY CHEMICALS 2 National Operations LAMINATED FABRICS 1. Rajasthan, India - Bhiwadi 1 National Operation 2. Gujarat, India - Dahej 1. Uttarakhand, India - Kashipur TECHNICAL TEXTILES 1 4 National Operations 1 1 COATED FABRICS 1. Madhya Pradesh, India
Slide 9: Market Leadership Across Businesses
Market Leadership Across Businesses 01 Specialty Chemicals • Established relationship with marquee customers • Strong tech capability – pilot to commercial; creating value through operational excellence • Driving customer engagement and satisfaction through world class R&D, EHS and quality managemen
Slide 10: Growth Levers
Growth Levers Build a Company known and respected for its R&D capabilities Greater focus on ESG initiatives Focus on building high-end • Benefit the communities where we work value-added products • Embrace diversity, equity & inclusion Continue to build new • Enhance focus on the 3R’s- Recycle, Reus
Slide 11: Q1 FY25 Results Overview
Q1 FY25 RESULTS OVERVIEW SRF - General [Restricted use] - This mail, document can be used by recipients for its intended purpose only.
Slide 12: Abridged Results Overview
Abridged Results Overview Consolidated figures Particulars (Rs. Crore) Q1 FY25 Q1 FY24 % Y-o-Y Gross Operating Revenue 3,464.1 3,338.4 3.8% EBITDA 645.9 731.7 -11.7% EBITDA Margin (%) 18.6% 21.9% Depreciation 188.2 156.6 20.1% Interest 96.5 65.6 47.1% ECF (Gain) / Loss 17.2 23.7 Profit Before Tax 34
Slide 13: Results Overview - Financial Overview
Results Overview - Financial Overview Consolidated figures Key Financial Ratios Particulars FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 EBITDA Margin 20.43% 22.13% 21.42% 17.69% 19.00% 20.90% 26.05% 25.30% 24.94% 20.88% PAT Margin 8.78% 9.51% 10.87% 8.38% 8.33% 12.70% 14.26% 15.19% 14.54% 10.1
Slide 14: Results Overview - Revenue Share
Results Overview - Revenue Share Q1 FY25 Q1 FY24 Total – 3,469.8 Crs. Total – 3,338.7 Crs. 126.2 118.7 525.3 3.6% 464.7 3.6% 15.1% 13.9% 42.7% 1,482.0 1,660.5 49.7% 32.8% 38.5% 1,336.3 1,094.8 CB PFB TTB Others CB – Chemicals Business; PFB - Packaging Films Business; TTB – Technical Textiles Busines
Slide 15: Results Overview - EBIT Share
Results Overview - EBIT Share Q1 FY25 Q1 FY24 Total – 484.4 Crs. Total – 595.2 Crs. 23.6 23.2 60.7 4.9% 67.7 3.9% 10.2% 14.0% 51.3 8.6% 17.9% 86.8 63.2% 306.4 77.3% 460.1 CB PFB TTB Others CB – Chemicals Business; PFB - Packaging Films Business; TTB – Technical Textiles Business; Others SRF - Genera
Slide 16: Q1 FY25 - Segmental Performance
Q1 FY25 - SEGMENTAL PERFORMANCE Chemicals Packaging Films Technical Textiles Others SRF - General [Restricted use] - This mail, document can be used by recipients for its intended purpose only.
Slide 17: Chemicals Business
CHEMICALS BUSINESS SRF - General [Restricted use] - This mail, document can be used by recipients for its intended purpose only. 16
Slide 18: Chemicals Business - Results Update
Chemicals Business - Results Update Consolidated figures PARTICULARS Q1 FY25 Q1 FY24 % Y-o-Y Segment Revenues 1,482.0 1,660.5 -10.8% % Contribution to Revenues 42.7% 49.7% EBIT 306.4 460.1 -33.4% % EBIT Margins 20.7% 27.7% % Contribution to EBIT 63.3% 77.3% SRF - General [Restricted use] - This mail
Slide 19: Chemicals Business - Specialty Chemicals
Chemicals Business Specialty Chemicals Business Key Highlights Market Trends • Inventory rationalization trends continued in Agro • Agrochemical companies continue to focus on chemicals market, impacted performance inventory rationalization ➢ To prioritize process improvements and cost efficiencies
Slide 20: Chemicals Technology Group
Chemicals Business Chemicals Technology Group • Chemicals Technology Group (CTG) is actively engaged in the development of new process technologies • Key focus on high end molecules • Strong internal competencies and capabilities • Equipped with state-of-the-art R&D facilities and an ingenious team
Slide 21: Chemicals Business - Fluorochemicals
Chemicals Business Fluorochemicals Business Key Highlights Market Trends • Refrigerant gases performed well in the domestic • Global Ref gas demand expected to remain stable market to strong, with growth in India and the Middle East, while the US market may see a decline due to ➢ HFC volumes witness
Slide 22: Packaging Films Business
PACKAGING FILMS BUSINESS SRF - General [Restricted use] - This mail, document can be used by recipients for its intended purpose only. 21
Slide 23: Packaging Films Business - Results Update
Packaging Films Business - Results Update Consolidated figures PARTICULARS Q1 FY25 Q1 FY24 % Y-o-Y Segment Revenues 1,336.3 1,094.8 22.1% % Contribution to Revenues 38.5% 32.8% EBIT 86.8 51.3 69.1% % EBIT Margins 6.5% 4.7% % Contribution to EBIT 17.9% 8.6% SRF - General [Restricted use] - This mail,
Slide 24: Packaging Films Business
Packaging Films Business Key Highlights Market Trends • BOPET witnessed some pricing improvement • Significant global demand-supply gap remains due towards end of June; however supply still far to new BOPP and BOPET lines being commissioned exceeds demand in China and India • Higher BOPP margins due
Slide 25: Technical Textiles Business
TECHNICAL TEXTILES BUSINESS SRF - General [Restricted use] - This mail, document can be used by recipients for its intended purpose only. 24
Slide 26: Technical Textiles Business - Results Update
Technical Textiles Business - Results Update Consolidated figures PARTICULARS Q1 FY25 Q1 FY24 % Y-o-Y Segment Revenues 525.3 464.7 13.1% % Contribution to Revenues 15.1% 13.9% EBIT 67.7 60.7 11.6% % EBIT Margins 12.9% 13.1% % Contribution to EBIT 14.0% 10.2% SRF - General [Restricted use] - This mai
Slide 27: Technical Textiles Business
Technical Textiles Business Key Highlights Market Trends • Segment performance was steady with healthy • Demand for NTCF and PIY remained strong, while volumes reported in Nylon Tyre Cord Fabrics (NTCF) demand for BF declined and Polyester Industrial Yarn (PIY) ➢ Continued emphasis on higher- • 2/3-
Slide 28: Other Businesses
OTHER BUSINESSES SRF - General [Restricted use] - This mail, document can be used by recipients for its intended purpose only. 27
Slide 29: Others - Results Update
Others - Results Update Consolidated figures PARTICULARS Q1 FY25 Q1 FY24 % Y-o-Y Segment Revenues 126.2 118.7 6.3% % Contribution to Revenues 3.6% 3.6% EBIT 23.6 23.2 1.8% % EBIT Margins 18.7% 19.5% % Contribution to EBIT 4.9% 3.9% SRF - General [Restricted use] - This mail, document can be used by
Slide 30: Others - Key Highlights
Others - Key Highlights • SRF retained its leadership in domestic market in volume & price • Achieved record domestic sales during the quarter, with strong demand anticipated in Coated Fabrics Q2 due to seasonal trends • Business aims to improve profitability by enhancing domestic volumes through VA
Slide 31: SRF's Community Engagement
SRF’s Community Engagement • A 45-day summer camp was organised by the SRF Foundation Dhar team in 10 schools, with the aim to support the development of children during summer holidays. We involved volunteers from the community. They operated a camp and carried out activities such as yoga, art and
Slide 32: Outlook
OUTLOOK SRF - General [Restricted use] - This mail, document can be used by recipients for its intended purpose only.
Slide 33: Outlook - Chemicals Business
Outlook - Chemicals Business Specialty Chemicals Agrochemicals segment likely to show improvement; demand to pick up gradually Work on AIs progressing as per plan Product funnel remains strong Launch of new pharma intermediates and ramp up of recently commissioned facilities to drive growth Tech int
Slide 34: Outlook - Packaging Films Business
Outlook - Packaging Films Business Expect ongoing demand- supply imbalance and margin BOPP to perform relatively pressure to continue in BOPET better Newly commissioned Ramp-up in sales of identified Aluminium Foil facility to VAPs in both BOPET and BOPP contribute positively to the overall performa
Slide 35: Outlook - Technical Textiles Business
Outlook - Technical Textiles Business Demand for NTCF likely to be stable Focus on high-end VAPs in BF and expanded capacity to be the future growth drivers Polyester and Nylon Industrial Yarn sales witnessing positive trends SRF - General [Restricted use] - This mail, document can be used by recipi
Slide 36: About Us
About Us In 2024, SRF Limited proudly commemorates 50 years of manufacturing excellence. Since the inauguration of SRF’s first For further information please contact plant in 1974, the company has evolved into a manufacturing powerhouse with businesses spanning multiple verticals. The company’s dive
Slide 37: Thank You
Thank You SRF - General [Restricted use] - This mail, document can be used by recipients for its intended purpose only.