Dcm Shriram Limited · NSE:DCMSHRIRAM
Dcm Shriram — DCM Shriram Consolidated — Q1 FY14 Earnings Presentation
25 slides from Dcm Shriram's earnings presentation, Jul 30, 2013
Slide 1: DCM Shriram Consolidated Limited Q1 FY14 Results Presentation
DCM Shriram Consolidated Limited Q1 FY14 Results Presentation July 30, 2013
Slide 2: Safe Harbour
Safe Harbour Certain statements in this document may be forward-looking statements. Such forward- looking statements are subject to certain risks and uncertainties like government actions, local political or economic developments, technological risks, and many other factors that could cause our actu
Slide 3: Table of Content
Table of Content Title Slide No. Q1 FY14 Key Highlights 4-5 Q1 FY14 Segment Performance 6 Q1 FY14 Performance Overview & Outlook 7-10 Management‟s Message 11 Agri Input Businesses 13-16 Sugar 17 Hariyali Kisaan Bazaar 18 Chloro-Vinyl Businesses 19-21 Cement 22 Others 23 Fenesta Building Systems 24 A
Slide 4: Q1 FY14 - Key Highlights
Q1 FY14- Key Highlights 1. Net Profit at Rs. 113.8 crore. L.Y- Rs. 31 crore (after exceptional item of Rs. 56.3 crore) a) PBIT before exceptional items up by 28% at Rs. 167.2 crore b) Finance Costs flat at Rs.44 crore 2. Contributors to PBIT growth are: a) Chloro-Vinyl Business: PBIT up by 11% at Rs
Slide 5: Q1 FY14 - Key Highlights
Q1 FY14 - Key Highlights All figures in Rs. Crore Revenues EBIDTA* Depreciation 1,800 250 60 1,549 1,427 8.5% 202 200 50 1,350 169 38 40 34 150 900 30 100 20 450 50 10 - - - Q1 FY13 Q1 FY14 Q1 FY13 Q1 FY14 Q1 FY13 Q1 FY14 Finance Costs PBIT (before exceptional items) PAT 50 200 120 114 43 44 167 40
Slide 6: Q1 FY14 - Segment Performance
Q1 FY14 - Segment Performance * Rs. crore Revenues* PBIT* PBIT Margins % Segments Q1 FY13 Q1 FY14 % Q1 FY13 Q1 FY14 % Q1 FY13 Q1 FY14 Agri Input 687.0 896.3 30.5 89.8 94.2 4.9 13.1 10.5 - Fertilisers 136.7 143.8 5.2 7.8 6.8 (12.4) 5.7 4.7 - Shriram Farm Solutions 297.9 463.6 55.6 15.0 21.3 42.4 5.0
Slide 7: Q1 FY14 - Performance Overview & Outlook
Q1 FY14 - Performance Overview & Outlook Fertilisers • Operational performance satisfactory. Sales volumes higher by 4% as compared to same period last year • PBIT continues to be under pressure due to non-revision of Retention prices due 3 years ago • Subsidy payments are now current and regular Ou
Slide 8: Q1 FY14 - Performance Overview & Outlook
Q1 FY14 - Performance Overview & Outlook Bioseed • Revenues of this business were higher by 14% at Rs. 289 crore driven by healthy growth in Indian operations; however, overall growth was moderated due to higher sales returns in Philippines • Last year had recorded high sales returns in India in Q2.
Slide 9: Q1 FY14 - Performance Overview & Outlook
Q1 FY14 - Performance Overview & Outlook Chloro-Vinyl • Revenues from this business were up by 2% at Rs. 285 crore • Plastics revenues up by 14% driven by higher volumes and realizations (up by 3%) • Chemicals revenue down by 6% with realizations down by 19%; volumes have been up as last year had an
Slide 10: Q1 FY14 - Performance Overview & Outlook
Q1 FY14 - Performance Overview & Outlook Hariyali Kisaan Bazaar • Revenue and PBIT performance in line with plan as the Company has implemented a restructuring and rationalization plan involving restricting activities to profitable product lines only. Current revenues only from fuel sales • The Comp
Slide 11: Management's Message
Management’s Message Commenting on the performance for the quarter, in a joint statement, Mr. Ajay Shriram, Chairman & Senior Managing Director, and Mr. Vikram Shriram, Vice Chairman & Managing Director, said: “We are glad to report a satisfactory performance in the quarter led by: 1. Better Margins
Slide 12: Segmental Overview
Segmental Overview • Agri- Inputs – Fertilisers – Shriram Farm Solutions – Bioseeds Agri Businesses • Sugar • Chlor – Alkali • PVC Resin and Compounds Chloro-Vinyl Businesses • Calcium carbide • Power Hariyali Kisaan Bazaar Fenesta Building Systems Cement Textile DSCL Q1 FY14 Results Presentation 12
Slide 13: Agri-Input Businesses
AGRI- INPUT BUSINESSES The Agri input business contributed to 51% of the total quarterly revenues of the Company. The Company continues to focus on these businesses given the huge opportunity in this area where the Company can capitalize on its long standing understanding of varied Agri businesses a
Slide 14: Fertilisers (Urea)
Fertilisers (Urea) Operational Financial Sales Realizations Revenues PBIT Particulars (MT) (Rs./MT) (Rs. cr.) (Rs. cr.) Q1 FY14 106,049 13,517 143.8 6.8 Q1 FY13 101,587 13,348 136.7 7.8 % Shift 4.4 1.3 5.2 (12.4) a) Operational performance satisfactory. Sales Volumes higher by 4% as compared to same
Slide 15: Shriram Farm Solutions
Shriram Farm Solutions Particulars Revenues (Rs. cr.) PBIT (Rs. cr.) Q1 FY14 463.6 21.3 Q1 FY13 297.9 15.0 % Shift 55.6 42.4 a) The portfolio comprises value-added products such as Seeds, Pesticides, Soluble fertiliser, Micro-nutrients etc. along with bulk fertilisers (DAP, MOP, SSP) b) Revenues fro
Slide 16: Bioseed
Bioseed Particulars Revenues (Rs. cr.) PBIT (Rs. cr.) Q1 FY14 289.0 66.1 Q1 FY13 252.4 67.1 % Shift 14.5 (1.5) a) Bioseed business is uniquely diversified across key crops (Cotton, Corn, Paddy, Bajra and Vegetables) and Asian geographies including India, Vietnam, Philippines, Thailand & Indonesia b)
Slide 17: Sugar
Sugar Operational Financial Sales (Lac Qtl) Realizations Revenues PBIT * Free Sugar Particulars Free Sugar Levy Sugar *(Rs./Qtl) (Rs. cr.) (Rs. cr.) Q1 FY14 9.3 0.04 3,160 338.3 (1.0) Q1 FY13 7.4 0.61 2,879 279.7 (3.9) % Shift 25.7 (93.7) 9.8 21.0 -- a. Higher free sugar volumes has led to revenue g
Slide 18: Hariyali Kisaan Bazaar
Hariyali Kisaan Bazaar Particulars Revenues (Rs. cr.) PBIT (Rs. cr.) Q1 FY14 121.8 (0.3) Q1 FY13 213.4 (20.3) % Shift (42.9) -- a) Revenue and PBIT performance in line with plan as the Company has implemented a restructuring and rationalization plan involving restricting activities to profitable pro
Slide 19: Chloro-Vinyl Businesses
CHLORO-VINYL BUSINESSES The Chloro-Vinyl business of the Company has highly integrated operations with multiple revenue streams and economical captive power generation facilities. Chloro-Vinyl operations are at two locations (Kota – Rajasthan and Bharuch – Gujarat) with full captive coal based power
Slide 20: Chlor-Alkali
Chlor-Alkali Operational Financial Sales Realizations Revenues PBIT Particulars (MT) (Rs./MT) (Rs. cr.) (Rs. cr.) Q1 FY14 61,770 22,465 151.1 42.5 Q1 FY13 53,749 27,648 160.4 51.4 % Shift 14.9 (18.7) (5.8) (17.3) a) Operations at both, Kota and Bharuch continued to deliver optimal Chlor-Alkali produ
Slide 21: Plastics
Plastics Operational Financials PVC PVC XWR Carbide Carbide XWR Revenues PBIT Particulars Sales Realizations Sales Realizations (Rs. cr.) (Rs. cr.) (MT) (Rs./MT) (MT) (Rs./MT) Q1 FY14 14,952 63,876 8,166 40,178 133.8 38.8 Q1 FY13 12,354 62,221 9,460 39,871 117.8 21.6 % Shift 21.0 2.7 (13.7) 0.8 13.6
Slide 22: Cement
Cement Operational Financial Sales Realizations Revenues PBIT Particulars (MT) (Rs./MT) (Rs. cr.) (Rs. cr.) Q1 FY14 82,438 2,920 29.6 2.6 Q1 FY13 100,145 3,025 37.6 6.4 % Shift (17.7) (3.5) (21.1) (60.3) a) The Cement business is limited in size since its capacity is driven by the waste generated fr
Slide 23: Other Businesses
OTHER BUSINESSES DSCL‟s other operations, reported as „others‟ in the financial results, include its businesses of Polymer Compounding, Fenesta Building Systems along with Textiles. Revenues under „others‟ stood at Rs. 76.5 crore in the quarter under review compared to Rs. 76.4 crore in the correspo
Slide 24: Fenesta Building Systems
Fenesta Building Systems Operational Financial Revenues Particulars Order Book (Rs. cr.) Q1 FY14 37,372 42.4 Q1 FY13 46,117 39.3 % Shift (19.0) 7.8 a) Fenesta with its diverse product line is regarded as a brand and product leader on a pan India basis. The brand has become synonymous with UPVC windo
Slide 25: About Us & Investor Contacts
About Us & Investor Contacts DSCL is an integrated business entity, with extensive and growing presence across the entire Agri-rural value chain and Chloro-Vinyl industry. The Company has added innovative value- added businesses in these domains. With a large base of captive power produced at a comp
DCM Shriram Consolidated — Q1 FY14 Earnings Presentation on 6ix