Gujarat Fluorochemicals Ltd. · NSE:FLUOROCHEM
Gujarat Fluorochemicals — Q2 FY2022 Earnings Presentation
32 slides from Gujarat Fluorochemicals's earnings presentation, Nov 17, 2021
Slide 1: Gujarat Fluorochemicals Limited Earnings Presentation Q2FY22
11-11-2021 Gujarat Fluorochemicals Limited Earnings Presentation Q2FY22 1
Slide 2: Overview, Core Competencies, Financials
Overview Core Competencies Financials Q2 FY 22 Earnings Update 2
Slide 3: Overview
Overview The Inox Group, established more than 90 years ago, is a well regarded USD multi Billion group with diversified presence across 7 business verticals. It includes 5 listed companies with a combined market cap of ~USD 4.3 Bn. The group has recently restructured in two different independent gr
Slide 4: Overview
Overview 30 years of expertise of focusedinexpertise Fluorine in Chemistry Fluorine Chemistry FLUOROPOLYMERS Established player in Fluoropolymers, Specialty Chemicals, Refrigerants & Bulk Chemicals SPECIALTY CHEMICALS Three manufacturing facilities in India, Fluorspar mine in Morocco, offices and wa
Slide 5: Core Competencies
Core Competencies Integrated Plant Operations Manufacturing Capabilities Global Presence 5
Slide 6: 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. * Proposed 6
Slide 7: 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 8: Specialty Chemicals Vertical
Specialty Chemicals Vertical PRODUCTS HF BASED TFE BASED KF BASED APPLICATIONS • Agrochemical majorly Insecticides, • Pharmaceutical Intermediates, • Pharmaceutical Intermediates, Herbicides & Fungicides • Agrochemical Pesticide & • Agrochemical Pesticide & • Plant Growth Regulators Intermediates In
Slide 9: Bulk Chemicals Vertical
Bulk Chemicals Vertical PRODUCTS CAUSTIC SODA CHLOROFORM METHYLENE DI REFRIGERANTS CTC CHLORIDE APPLICATIONS • Textiles • Feedstock for • Pharma API • Air-conditioners • Pesticides • Soaps & Detergents Refrigerant Gas R-22 • Foam manufacturing • Agricultural Chemicals • Alumina • Solvent - Pharma •
Slide 10: New Age Industry Vertical
New Age Industry Vertical APPLICATIONS ELECTRIC VEHICLES SOLAR PANELS HYDROGEN FUEL CELLS / ELECTROLYZERS PRODUCTS • PVDF Electrode Binders • PVDF Films • Fluoropolymers(FKM, PTFE, FEP) • Battery Chemicals • Back-sheet • Membranes • LiPF6 • Charging Accessories • Additives • Electrolyte Formulations
Slide 11: 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 casings ➢ Battery demand for EVs by 2030 for electric mobility, energy storage and consumer electronics
Slide 12: New Age Vertical-Solar Panels
New Age Vertical-Solar Panels APPLICATIONS SOLAR PANELS PRODUCTS • PVDF Films • 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 13: 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 r
Slide 14: 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 15: Capex Plan
Capex Plan FY 2024 Rs. 1000 Cr FY 2023 Rs 900 Cr FY 2022 Rs 600 Cr GFL is currently investing / has planned capex towards expanding its capacities for Bulk & Specialty Chemicals, Fluoropolymers and New Age Products. 15
Slide 16: 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, with state of the art equipment including application developm
Slide 17: Regulatory Compliance
Regulatory Compliance GUJARAT FLUOROCHEMICALS VALUE THROUGH GREEN CHEMISTRY oa Use US Marmacopstt ‘Cometon ROHS - Restriction of Hazardous Substances USP Class VI - United States Pharmacopeia MECHA REACH - Registration, Evaluation, © EUROPEAN CHEMICALS AGENCY Authorization and Restriction of Chemica
Slide 18: Sustainability Awards & Certification
Sustainability Awards & Certification CERTIFICATIONS ISO 14001 : 2015 Health – Safety - Environment ISO 9001 : 2015 ISO 4501 : 2018 ISO 37001 : 2016 Ethics ISO / IEC 27001 : 2013 OVERALL SCORE(2021) We have aligned all our Internal & Supply Gujarat Fluorochemicals Ltd (Group) is in the top 7% of cha
Slide 19: Financial Performance
Financial Performance 19
Slide 20: Financials Trend
Financials Trend 3000 2651 700 35% 2606 638 29% 2500 30% 600 24% 2000 1302 1876 553 551 25% 1344 20% EBIDTA 1500 500 21% 977 15% Export EBIDTA % 1000 10% Domestic 400 1262 1349 500 899 5% 0 300 0% FY 20 FY 21 H1 FY 22 FY 20 FY 21 H1 FY 22 Revenue EBIDTA 400 356 356 30% 300 19% 20% PAT 200 13% PAT %
Slide 21: Financials
Financials RoCE RoE 23.49% 25.00% 25.00% 19.46% 20.00% 20.00% 15.00% 11.92% 15.00% 10.42% 9.91% 10.00% 10.00% 5.00% 5.00% 2.34% 0.00% 0.00% FY 20 FY 21 H1 FY 22 FY 20 FY 21 H1 FY 22 * RoCE RoE * Net Debt Equity Ratio Gross Block 0.38 0.40 3400 0.33 3300 0.30 0.26 3200 3379 0.20 3279 3100 3148 3000 0
Slide 22: Q2 FY 2022 – Earnings Update
Q2 FY 2022 – Earnings Update 22
Slide 23: Consolidated Revenue
Consolidated Revenue 964 912 964 6% 56% 617 Q1FY22 Q2FY22 Q2FY21 Q2FY22 Figures in Rs. Cr 23
Slide 24: Consolidated EBITDA & EBIDTA Margin
Consolidated EBITDA & EBIDTA Margin 31% 31% 28% 296 296 255 25% 157 16% 88% Q1FY22 Q2FY22 Q2FY21 Q2FY22 EBIDTA EBIDTA % EBITDA EBITDA % Figures in Rs. Cr 24
Slide 25: Consolidated PAT & PAT Margin
Consolidated PAT & PAT Margin 21% 21% 17% 205 205 151 13% 36% 79 159% Q1FY22 Q2FY22 Q2FY21 Q2FY22 PAT PAT % PAT PAT % Figures in Rs. Cr 25
Slide 26: Business Vertical – Bulk Chemicals
Business Vertical – Bulk Chemicals Caustic Soda Chloromethanes Refrigerants 316 Caustic Soda Chloromethanes Refrigerants 275 92 93 15 % Plants are currently running at full Plants are running at full Volumes and Prices have 122 capacity. capacity. remained stable in Q2FY22. 94 Caustic soda prices st
Slide 27: Business Vertical – Fluoropolymer (PTFE)
Business Vertical – Fluoropolymer(PTFE) 360 320 Fluoropolymer(PTFE) 12% Plants are running at full capacity. Demand is robust across all geographies. Q1FY22 Q2FY22 Revenue 360 Prices have moved up due to rising demand and cost push. 205 Demand expected to remain robust for the next few quarters. 76%
Slide 28: Business Vertical – New Fluoropolymers
…New Fluoropolymers 182 148 New Fluoropolymer 23% Capacities are in place for all 6 new fluoropolymers (FKM, PFA, FEP, PVDF, PPA, and Micro Powders). Capacity utilization in Q2FY22 is around 65%. Various grades under each polymer already been established and few new Revenue Q1FY22 Q2FY22 PVDF grades
Slide 29: Business Vertical – Specialty Chemical
Business Vertical – Specialty Chemical 86 24% 65 Specialty Chemical 11 products have been fully commercialized. Capacity utilization has been low for pharma related intermediates due to demand displacement in favor of Covid-19 related drugs. This is expected to start normalizing from Q4FY22. Revenue
Slide 30: GFL – Way Forward
GFL – Way Forward ➢ We believe that our RoCE should see a significant improvement owing to the following ➢ Expansions : we have / are in the process of augmenting existing as well as adding new capacities in new Fluoropolymers and Specialty Chemicals which are yet to be fully commissioned. The same
Slide 31: For further queries
For further queries: Vibhu Agarwal Head Investor Relations Email: vibhu.agarwal@gfl.co.in Manoj Agrawal Chief Financial Officer Email: manojagrawal@gfl.co.in Bhavin Desai Company Secretary Email: bvdesai@gfl.co.in 31
Slide 32: Forward looking statements 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, results of opera
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