Grasim Industries Ltd. · NSE:GRASIM
Grasim Industries — Q4 FY22 Earnings Presentation
39 slides from Grasim Industries's earnings presentation, May 24, 2022
Slide 1: Stock exchange cover letter for results presentation
ADITYA BIRLA ed 711) Ref No. GIL/CFD/SEC/23/032/SE 24 May 2022 BSE Limited The National Stock Exchange of India Limited Dalal Street, Exchange Plaza, 5" Floor, Plot No. C/1, Phiroze Jeejeebhoy Towers, Fort G Block, Bandra - Kurla Complex, Mumbai - 400 001 Bandra (East), Mumbai - 400 051 Scrip Code:
Slide 2: Grasim Investor Presentation Q4FY22
PARTNERS IN NATION BUILDING a ni ADITYA BIRL > GRASIM _ Grasim Investor Presentation Q4FY22 | 24" May 2022
Slide 3: Big in Your Life
ADITYA BIRLA BIG IN YOUR LIFE o4,6 #1 | In Viscose © #1 | In Chlor - Alkali* #1 | In Advanced Material* ADITYA BIRLA oe 54.18% Market Cap ADITYA BIRLA (March 31st, 2022): INR 1,16,398 Crore A Nee.) (USD 15.36 Billion) rae Market Cap Market Cap (March 31st, 2022): (March 31st, 2022): INR 1.91 Lakh Cr
Slide 4: Performance Highlights
PERFORMANCE HIGHLIGHTS
Slide 5: FY22: Surpassed Pre-COVID Levels
a, MA, Aviva BirLa Financial Overview Business Performance Sustainability Appendix » 4 FY22: SURPASSED PRE-COVID LEVELS oC EBITDA (2 Cr.) | Standalone Net Debt (% Cr.) | Standalone Consolidated 2.999 4,111 17,772 13,615 2,661 914 || -553 FY20 FY22 FY20 FY22 FY20 FY21 FY22 ele lai Maciel iden GH -¥)
Slide 6: Performance Highlights Q4FY22
Financial Overview Business Performance Sustainability Appendix » 4 PERFORMANCE HIGHLIGHTS Q4FY22 ce Standalone revenue stood at 36,376 Cr. and EBITDA at 3840 Cr., despite a sharp increase in key inputs cost Chlor- alkali business reported highest ever quarterly EBITDA, driven by all time high ECU o
Slide 7: Performance Highlights FY22
ye — CGS OO ADITYA BIRLA Financial Overview Business Performance Sustainability Appendix PERFORMANCE HIGHLIGHTS FY22 04,6 ——=—— Standalone ———~— 68% 98% 237% 20,857 4,111 3,051 16,082 1386 2,661 sors 1 ose 2,797 FY20 FY21 FY22 FY20 FY21 FY22 FY20 FY21 FY22 ——=- Consolidated — _ 25% 13% 75% 95,701 15
Slide 8: Performance Highlights Q4FY22
LLL, HM, ADITyA BIRLA Financial Overview Business Performance Sustainability Appendix PERFORMANCE HIGHLIGHTS Q4FY22 04,6 ——=—-— Standalone ———~— Revenue (3 Cr.) EBITDA (% Cr.) PAT? (& Cr.) 45% 10% 122% 104% YoY QoQ YoY QoQ 5,785 6,376 380 963 1,068 4,394 480 522 QA4FY21 Q3FY22 Q4FY22 Q4FY21 Q3FY22 Q
Slide 9: Strong Balance Sheet
LLL I, avitya BIRLA Financial Overview Business Performance Sustainability Appendix STRONG BALANCE SHEET Standalone (2 Cr.) Consolidated (% Cr.) Net Debt/ EBITDA (12M EBITDA) Dec-21 aah 92:0 Og 15.727 DYarooyall atce coe Ole 4,304 Decreased by 24,551 Cr. Decreased by 21,981 Cr. 4,300 Mar-22 — Mar-22
Slide 10: Capex Plan
a ; ; ; ADITYA BIRLA Business Performance Sustainability Appendix » 4 CAPEX PLAN cae Particulars (% Cr.) B udgeted Capex Capex Spent f for for FY22 FY22 Viscose Staple Fibre Capacity Expansion 946 731 (591 KTPA -->810 KTPA) Normal Modernisation and Maintenance Capex 435 299 Chlor-Alkali Capacity Exp
Slide 11: Paints: Business Plan Update
Financial Overview Business Performance Sustainability Appendix » 4 PAINTS: BUSINESS PLAN UPDATE ce © Acceleration of capacity implementation given changing market structure and industry growth with optimistic outlook © Announced Plan : Initial Capex of 35,000 Cr. by FY24 © Update: * Project cost of
Slide 12: Paints: Project Progress Update
Financial Overview Business Performance Sustainability Appendix » 4 PAINTS: PROJECT PROGRESS UPDATE ce © Land possession and registration completed for 5 sites, Land registration pending for 1 site © EC Received: Panipat, Ludhiana and Chamarajanagar © Basic and Detailed Engineering contract awarded
Slide 13: Business Performance
BUSINESS PERFORMANCE
Slide 14: Industry Performance - Viscose
Financial Overview INDUSTRY PERFORMANCE - VISCOSE Sustainability Appendix bie Care Demand trend in the overseas textile sector remained marginally muted, with COVID related restrictions enforced in China. The Russia — Ukraine war already impacting the textile sector as Russia is a major importer of
Slide 15: Industry Performance - Viscose
Financial Overview Sustainability Appendix » 4 INDUSTRY PERFORMANCE - VISCOSE Cen © China VSF prices weakened sequentially owing to spread of Omicron. VSF prices averaged lower at RMB ~12,903 in Q4FY22 compared to “13,637 RMB in Q3FY22 Cotton prices maintained their north bound movement driven by mu
Slide 16: Financial Performance - Viscose: Sales Volume Mix
Financial Overview Sustainability Appendix » 4 FINANCIAL PERFORMANCE - VISCOSE Cae VA SY oe a) Sales Volume Mix (FY22) 22% 14% Export Sales Grey VSF YoY 0 0a 179 74% 147 157 QAFY21 Q3FY22 Q4FY22 Domestic Sales VAP Aye a) © Vilayat brownfield expansion contributed to ~32KT in VSF sales in Q4FY22 9% Y
Slide 17: Financial Performance - Viscose
Financial Overview Appendix BNEW e Via ize) V7 (e ea ee) Care Revenue? (% Cr.) aT ace 46% 13% YoY QoQ 625 3,335 3,766 2,583 401 252 Q4FY22 QA4FY21 Q3FY22 QAFY22 Q4FY21 Q3FY22 © VSF plants operating close to their optimum capacity level. The 6GOOTPD expansion is fully operational and reached a capaci
Slide 18: Navyasa
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Slide 19: Financial Performance - Chemicals
SS, Os OADITYA BIRLA Financial Overview Business Performance Sustainability Appendix FINANCIAL PERFORMANCE - CHEMICALS Care Caustic Realisation Grasim — ECU 55,000 54,198 54,093 47,267 50,000 48,000 50,510 45,000 43,000 40,000 35,000 31,185 38,000 30,000 24,775 33,000 25,000 21,584 19,745 20,11 25,2
Slide 20: Caustic - Key Operational Metrics
ADITYA BIRLA , Financial Overview yk Sustainability ‘ Appendix bas CAUSTIC — KEY OPERATIONAL METRICS Ce Caustic Soda Sales (KT) ela iee MORO tel Msn am 3% ~~” 15%LW 5% a" YoY QoQ QoQ 279 78,348 273 267 74,514 7 329 QAFY21 Q3FY22 QAFY22 QAFY21 Q3FY22 QAFY22 © The slow ramp-up of the recently commissi
Slide 21: Financial Performance - Chemicals
Financial Overview Business Performance Sustainability Appendix » 4 FINANCIAL PERFORMANCE - CHEMICALS Care Revenue (% Cr.) EBITDA (3 Cr.) 69% 6% 170% YoY QoQ YoY 528 499 2,338 2,487 1,472 185 QAFY21 Q3FY22 QAFY22 Q4FY21 Q3FY22 Q4FY22 © Chlor-Alkali business reported another quarter of stellar perfor
Slide 22: Financial Performance - Other Businesses
SS, Os OADITYA BIRLA Financial Overview Business Performance Sustainability Appendix FINANCIAL PERFORMANCE — OTHER BUSINESSES b4,6 Revenue (% Cr.) Revenue (% Cr.) 153 479 483 115 369 87 Q4FY21 Q3FY22 Q4FY22 Q4FY21 Q3FY22 Q4FY22 EBITDA (% Cr.) EBITDA (3 Cr.) 47 51 39 14 (7) Q4FY21 Q3FY22 Q4FY22 Q4FY2
Slide 23: Financial Performance - UltraTech Cement
ADITYA BIRLA Financial Overview Sustainability Appendix » 4 FINANCIAL PERFORMANCE -— UltraTech Cae Sales volume (Million Ton) Revenue (% Cr.) 3] Be Dy ae) 86.42 93.99 52,599 12,302 12,022 44,726 FY21 FY22 FY21 FY22 FY21 FY22 © Consolidated sales volume grew by 9% YoY to 94 MTPA in FY22, capacity uti
Slide 24: Financial Performance - ABCL
NS ADITYA BIRLA Financial Overview Business Performance Sustainability Appendix FINANCIAL PERFORMANCE — ABCL | GRASIM _| Lending Book (% Cr.)* AMC Domestic AAUM (8 Cr.) 11% 20% YoY 67,185 YoY 2,92,578 60,557 2,44,501 FY21 FY22 FY21 FY22 Consolidated revenue and net profit after minority interest for
Slide 25: Financial Performance - Aditya Birla Renewables
LLL, LLL ADITYA BIRLA Financial Overview Sustainability Appendix » 4 FINANCIAL PERFORMANCE -— Aditya Birla Renewables oC Aditya Birla Renewables (Solar Power) Solar Power Capacity (MWp) X Cr. . 941 Particulars Q4FY21 Q3FY22 Q4FY22 Revenue 60 56 69 551 EBITDA 46 43 54 EBIT 32 28 38 Capital Employed (
Slide 26: Financial Performance - Pulp JVs
BS SS, Os OADITYA BIRLA Financial Overview Business Performance Sustainability Appendix FINANCIAL PERFORMANCE — PULP JV’s b4,6 Revenue (% Cr.) EBITDA (% Cr.) 1,306 1,409 103 1,087 84 (34) Q4FY21 Q3FY22 Q4FY22 Q4FY21 Q3FY22 Q4FY22 Production Volume (Tons) Sales Volume (Tons) 2,08,481 50.973 1,72,180
Slide 27: Sustainability Performance
Sustainability Performance Grasim Industries Limited | Earnings Presentation | Q4 FY22 | — <q 26 >
Slide 28: Sustainability Highlights FY22
. . . . A an : ADITYA BIRLA Financial Overview Business Performance Sustainability Appendix b4 4 SUSTAINABILITY HIGHLIGHTS FY22 oe VSF business has taken target to achieve Net Zero Carbon emissions across all its operations by 2040. The © company also targets to reduce its greenhouse gas (GHG) emiss
Slide 29: Appendix
APPENDIX Grasim Industries Limited | Earnings Presentation | Q4 FY22 | — <q 28 >
Slide 30: Consolidated Income Statement
Financial Overview Business Performance Sustainability Appendix b4 4 CONSOLIDATED INCOME STATEMENT oe Particulars (% Cr.) Quarterly Year to Date Q4FY22 Q4FY21 FY22 FY21 Revenue from Operations 28,811 24,401 95,701 76,404 Other Income 180 128 821 1,045 EBITDA 4,647 5,142 17,772 15,766 EBITDA Margin (
Slide 31: Standalone Income Statement
Financial Overview Business Performance Sustainability Appendix b4 4 STANDALONE INCOME STATEMENT oe Particulars (% Cr.) Quarterly Year to Date Q4FY22 Q4FY21 FY22 FY21 Revenue from Operations 6,376 4,394 20,857 12,386 Other Income 87 69 895 514 EBITDA 840 880 4,111 2,078 EBITDA Margin (%) 13% 20% 19%
Slide 32: Balance Sheet
Financial Overview Business Performance Sustainability BALANCE SHEET Cae Standalone (% Cr.) Consolidated (% Cr.) 31st Mar'22 31st March'21 EQUITY & LIABILITIES 31st Mar'22 31st March'21 48,616 42,948 Net Worth 75,698 65,494 - - Non Controlling Interest 40,476 37,068 - - Borrowings related to financi
Slide 33: Viscose Business Summary
Financial Overview Business Performance Sustainability Appendix b4 4 VISCOSE BUSINESS SUMMARY Cae Particulars SLE EL % Change ——————— % Change Q4FY22 Q4FY21 FY22 FY21 Capacity VSF KTPA 824 591 39 824 591 39 VFY KTPA 48 48 0 48 48 0 Production VSF KT 177 143 24 623 452 38 VFY KT 11 11 0 43 26 65 Sale
Slide 34: Financial Performance - Chemicals
Financial Overview Business Performance Sustainability oe MELON SSO NIE Uas cere Quarterly Year to Date Particulars % Change % Change Q4FY22) Q4FY21 FY22 FY21 Capacity* KTPA 1,290 1,147 12 1,264 1,147 10 Production* KT 274 265 3 1,049 894 17 Sales Volume* KT 273 267 3 1,044 900 16 Revenue Cr. 2,487
Slide 35: Grasim Group Structure
ADITYA BIRLA Financial Overview Business Performance Sustainability Appendix GRASIM GROUP STRUCTURE =< == GrasimIndustries Limited —=——-— VSF - 824K TPA Caustic Soda - BK) ail (ou A aT) a Overseas ABCL (54.18%)** 1290K TPA RUEKe) a Pulp - 74K TPA eV fea eA Subsidiary Epoxy — 123K TPA Others Nagda Na
Slide 36: Forward Looking and Cautionary Statement
ADITYA BIRLA FORWARD LOOKING AND CAUTIONARY STATEMENT o4,6 Certain statements in this report may be “forward looking statements” within the meaning of applicable securities laws and regulations. Actual results could differ materially from those expressed or implied. Important factors that could make
Slide 37: eu oo
ADITYA BIRLA eu oo Grasim Industries Limited | Earnings Presentation | Q4 FY22 | — a <q 36 >
Slide 38: Glossary
ADITYA BIRLA GLOSSARY ce Abbreviation Particulars AAUM Average Asset Under Management ECU Electro Chemical Unit Epoxy Name of Chemical FY Financial Year KTPA Thousand Ton per annum MTPA Million Ton per annum NBFC Non Banking Financial Company PMT Per Metric Ton ROAVCE Return on Average Capital Emplo
Slide 39: Thank you
Thank you Grasim Industries Ltd. Aditya Birla Centre ‘A’ Wing, 2nd Floor ,S.K. Ahire Marg Worli Mumbai 400 030 , India Investor Relations Team Email: saket.sah@adityabirla.com sheetal.daga@adityabirla.com