Gujarat Fluorochemicals Ltd. · NSE:FLUOROCHEM
Gujarat Fluorochemicals — Q2 FY2021 Earnings Presentation
22 slides from Gujarat Fluorochemicals's earnings presentation, Nov 12, 2020
Slide 1: Gujarat Fluorochemicals Limited Earnings Presentation Q2FY21
Gujarat Fluorochemicals Limited Earnings Presentation Q2FY21 12-11-2020 1
Slide 2: Disclaimer
DISCLAIMER 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, resul
Slide 3: Index
INDEX Financial Results Overview Segmental Performance Segment-wise Outlook Company Outlook 3
Slide 4: Financial Results Overview
FINANCIAL RESULTS OVERVIEW 4
Slide 5: Revenues from Operations
REVENUES FROM OPERATIONS 617 Rs. Crores 662 559 617 7% 10% Q1FY21 Q2FY21 Q2FY20 Q2FY21 5
Slide 6: EBITDA and EBITDA Margin
EBITDA AND EBITDA MARGIN Rs. Crores 25% 25% 25% 157 157 20% 143 132 10% 19% Q1FY21 Q2FY21 Q2FY20 Q2FY21 EBIDTA EBIDTA % EBITDA EBITDA % Note: EBITDA excludes Other Income 6
Slide 7: PAT and PAT Margin
PAT AND PAT MARGIN Rs. Crores 13% 13% 13% 6% 79 79 70 12 79 79 70 13% 38 106% -26 Q1FY21 Q2FY21 Q2FY20 Q2FY21 PAT IT Credit Exceptional items PAT % PAT IT Credit Exceptional items PAT % Note: PAT and PAT Margin is without considering IT Credit and Exceptional Items 7
Slide 8: Segmental Performance
SEGMENTAL PERFORMANCE GFL GUJARAT FLUOROCHEMICALS
Slide 9: Revenues from Operations - Breakup
REVENUES FROM OPERATIONS - BREAKUP Rs. Crores 662 617 5 12 43 % 617 15 % 26 7 51 26 7 559 3 9 44 73 47 % 73 63 1% 64 64 64 14 % 3% 240 205 205 199 5% 30 % 126 29 % 88 2% 88 93 85 64 83 28 % 83 14 % 63 72 100 72 Q1FY21 Q2FY21 Q2FY20 Q2FY21 Caustic Soda Chloromethanes Caustic Soda Chloromethanes Refri
Slide 10: PTFE Revenues - Breakup
PTFE REVENUES - BREAKUP Rs. Crores 240 205 205 199 145 115 129 129 13% 11% 84 95 76 76 9% 20% Q1FY21 Q2FY21 Q2FY20 Q2FY21 Regular Grade Value Added Grade Regular Grade Value Added Grade 10
Slide 11: Balance Sheet Breakup
BALANCE SHEET BREAKUP ASSETS LIABILITIES Rs. Crores 6460 6460 6325 6325 303 47 413 415 626 57 59 652 552 436 193 249 15 10 565 498 1717 1553 813 833 311 442 3624 3630 3705 3851 FY20 H1FY21 FY20 H1FY21 Fixed Assets Financial Assets Inventories Equity & Reserves Borrowings Financial Liabilities Trade
Slide 12: Segment-wise Outlook
SEGMENT-WISE OUTLOOK —_ GUJARAT FLUOROCHEMICALS
Slide 13: Caustic Soda
CAUSTIC SODA • Current position • Plants capacity utilization increased to 90% in Q2FY21 (from 80% in Q1FY21). • Plants are now currently running at full capacity. • Caustic soda prices continued to be adversely impacted both because of curtailed demand because of Covid and surplus capacity which ha
Slide 14: Chloromethanes
CHLOROMETHANES • Current position • Production was impacted in Q1FY21 due to Covid lockdown • Plants are now running at full capacity • Demand for MDC, used mainly for pharma sector, remains strong • Future Outlook • Prices and demand are expected to remain stable 14
Slide 15: Refrigerants
REFRIGERANTS • Current position • Demand is expected to remain suppressed in Q3FY21, due to seasonality and expect to normalize by Q4FY21. • Future Outlook • Production will continue to increase due to the rising feedstock requirements. • Prices of refrigerants expected to remain stable. 15
Slide 16: PTFE
PTFE • Current position • PTFE sales were adversely impacted as demand fell both in the domestic and overseas markets because of Covid related lockdowns • In Q2FY21 domestic demand is back to about 85% and overseas demand to about 75% of pre-covid levels. • Prices remained more or less stable. • Fut
Slide 17: New Fluoropolymers
NEW FLUOROPOLYMERS • Current position • Capacity of about 700 MT has been set up for 6 new fluoropolymers (FKM, PFA, FEP, PVDF, PPA, and micro powders) • Capacity utilization in Q2FY21 is around 35% as against 30% in Q1FY21. • Various grades under each polymer have been established and are in the pr
Slide 18: Fluorospecialty Chemicals
FLUOROSPECALTY CHEMICALS • Current position • 7 products have been fully commercialized. • Capacity utilization is at around 45% up from 35% in Q1FY21. • Capacity utilization is still low due to Covid-19 related hangover impacting material availability. • Demand for all these products remains strong
Slide 19: Outlook
OUTLOOK • Company’s performance in coming quarters is expected to be driven by 4 factors: ✓ Improved capacity utilisation in PTFE, addition of about 400 tons per month ✓ Ramping up market volumes and capacity utilisation of New Fluoropolymers, addition of another 450 tons per month ✓ Full commercial
Slide 20: Shareholding Structure
SHAREHOLDING STRUCTURE Share Price Performance Key Investors –October 2020 As on 31.10.2020 700 650 (BSE) 600 550 Market capitalization (Rs .Cr) 5264.01 500 Price (Rs.) 479.20 450 400 Face Value (Rs.) 1 350 300 52 week High-Low (Rs.) 698-219 250 200 May-20 Jun-20 Jul-20 Aug-20 Sep-20 Oct-20 Key Inve
Slide 21: For Further Queries
FOR FURTHER QUERIES: Manoj Agrawal Chief Financial Officer Email: manojagrawal@gfl.co.in Bhavin Desai Company Secretary Email: bvdesai@gfl.co.in 21
Slide 22: Thank you
Gujarat Fluorochemicals — Q2 FY2021 Earnings Presentation on 6ix