Dcm Shriram Limited · NSE:DCMSHRIRAM
Dcm Shriram — Q4 FY15 Earnings Presentation
28 slides from Dcm Shriram's earnings presentation, 2015
Slide 1: DCM Shriram Ltd. Q4 & FY15 - Results Presentation
DCM Shriram Ltd. Q4 & FY15 - Results Presentation 1
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 actua
Slide 3: Table of Content
Table of Content Title Slide No. FY15 Key Highlights 4 FY15 Financial Snapshot 5 FY15 Segment Performance 6 Balance Sheet Abstract 7 Q4 FY15 Key Highlights 8 Q4 FY15 Financial Snapshot 9 Q4 FY15 Segment Performance 10 Q4 & FY15 - Performance Overview & Outlook 11-13 Management’s Message 14 Agri Inpu
Slide 4: FY15 – Key Highlights
FY15 – Key Highlights 1. Net Revenues lower by 8.8% to Rs. 5,639.2 crore primarily on account of lower sales of Sugar and Bulk fertilisers 2. PBDIT at Rs. 450.3 crore vis-à-vis Rs. 558.9 crore last year: a. Sharp drop in prices of products viz. Chlor-Alkali, PVC, Cement and Sugar adversely affected
Slide 5: FY15 – Financial Snapshot
FY15 – Financial Snapshot Revenues EBITDA Depreciation 6,182 559 138 5,639 450 110 FY14 FY15 FY14 FY15 FY14 FY15 Finance Costs PBIT PAT 149 421 242 112 340 211 FY14 FY15 FY14 FY15 FY14 FY15 1. All figures in Rs. crore 2. PBIT is before exceptional items; PAT is after exceptional items DCM Shriram Lt
Slide 6: FY15 - Segment Performance
FY15 - Segment Performance Rs. crore Revenues PBIT PBIT Margins % Segments FY14 FY15 % FY14 FY15 % FY14 FY15 Agri Input 2862.6 2713.1 (5.2) 108.4 156.7 44.5 3.8 5.8 - Fertilisers 625.4 726.2 16.1 23.2 37.4 61.1 3.7 5.1 - Shriram Farm Soln. 1779.4 1416.7 (20.4) 81.0 87.2 7.6 4.6 6.2 - Bioseed 457.7 5
Slide 7: Balance Sheet Abstract
Balance Sheet Abstract (Rs. in Crores) PARTICULARS As at As at 31.03.2015 31.03.2014 Audited Audited Net Worth increased from A. EQUITY AND LIABILITIES 1 Shareholders' funds Rs. 1,687 crore to Rs. (a) Share Capital 32.6 32.8 1,859 crore as on March 31, (b) Reserves and Surplus 1,825.9 1,653.9 1,858.
Slide 8: Q4 FY15 – Key Highlights
Q4 FY15 – Key Highlights 1. Net Revenues lower by 11.5% y-o-y to Rs. 1,309.3 crore on account of: a. Lower Sugar volumes as well as decline in realizations during the quarter b. Sales of BT Cotton seed during the month of March’15 was impacted due to delay in receipt of licenses from the State Gover
Slide 9: Q4 FY15 – Financial Snapshot
Q4 FY15 – Financial Snapshot Revenues EBITDA Depreciation 1,479 1,309 162 34 27 33 Q4 FY14 Q4 FY15 Q4 FY14 Q4 FY15 Q4 FY14 Q4 FY15 Finance Costs PBIT PAT 128 83 28 28 (40) 7 Q4 FY14 Q4 FY15 Q4 FY14 Q4 FY15 Q4 FY14 Q4 FY15 1. All figures in Rs. Crore 2. PBIT is before exceptional items; PAT is after
Slide 10: Q4 FY15 - Segment Performance
Q4 FY15 - Segment Performance Rs. crore Revenues PBIT PBIT Margins % Segments Q4 FY14 Q4 FY15 % Q4 FY14 Q4 FY15 % Q4 FY14 Q4 FY15 Agri Input 549.9 495.4 (9.9) (6.0) 7.9 - (1.1) 1.6 - Fertilisers 166.8 170.1 2.0 8.2 2.3 (71.7) 4.9 1.4 - Shriram Farm Soln. 313.0 247.6 (20.9) 15.0 16.4 9.2 4.8 6.6 - Bi
Slide 11: Q4 & FY15 - Performance Overview & Outlook
Q4 & FY15 - Performance Overview & Outlook Scheduled maintenance shutdown in March/April 2015 impacted performance vis-a-vis Q4 FY14 Higher revenue on account of higher gas prices , which is a pass through Improved profitability in FY 15 due to increase in reimbursement towards conversion cost
Slide 12: Q4 & FY15 - Performance Overview & Outlook
Q4 & FY15 - Performance Overview & Outlook Bioseed’s domestic business’ performance was strong during the year on account of BT Cotton volumes up 63% for Kharif 2014 season, led by Yuva and Bindaas which received good response in the south and central India. In Q4 the sales in north was restrict
Slide 13: Q4 & FY15 - Performance Overview & Outlook
Q4 & FY15 - Performance Overview & Outlook Chloro-vinyl prices witnessed sharp decline in realizations from Sept 2014 onwards Higher inputs prices (Salt, Coal) further created margin pressures Outlook Chloro-Vinyl Prices expected to follow global commodity price trends, have seen firming up.
Slide 14: 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: “Business environment has been challenging during the second half of the year, with sharp
Slide 15: Segmental Overview
Segmental Overview • Agri- Inputs o Fertilisers Agri Businesses o Shriram Farm Solutions o Bioseeds • Sugar • Chlor – Alkali • PVC Resins Chloro-Vinyl Businesses • Calcium carbide • Power • Fenesta Building Systems Other Businesses • Cement • Polymer Compounds • Hariyali Kisaan Bazaar DCM Shriram Lt
Slide 16: Agri- Input Businesses
Agri- Input Businesses The Agri input business contributed to 48% 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 17: Fertilisers (Urea)
Fertilisers (Urea) Operational Financial Sales Realisations Revenues PBIT Cap. Employed Particulars (MT) (Rs./MT) (Rs. cr.) (Rs. cr.) (Rs. cr.) Q4 FY15 92,036 17,943 170.1 2.3 441.8 Q4 FY14 101,039 16,277 166.8 8.2 389.8 % Shift (8.9) 10.2 2.0 (71.7) 13.3 FY15 397,589 18,067 726.2 37.4 441.8 FY14 40
Slide 18: Shriram Farm Solutions
Shriram Farm Solutions Cap. Employed Particulars Revenues (Rs. cr.) PBIT (Rs. cr.) (Rs. cr.) Q4 FY15 247.6 16.4 155.0 Q4 FY14 313.0 15.0 186.4 % Shift (20.9) 9.2 (16.8) FY15 1,416.7 87.2 155.0 FY14 1,779.4 81.0 186.4 % Shift (20.4) 7.6 (16.8) The portfolio comprises Value-added products such as Seed
Slide 19: Bioseed
Bioseed Cap. Employed Particulars Revenues (Rs. cr.) PBIT (Rs. cr.) (Rs. cr.) Q4 FY15 77.8 (10.8) 380.0 Q4 FY14 70.2 (29.2) 370.0 % Shift 10.9 - 2.7 FY15 570.3 32.1 380.0 FY14 457.7 4.2 370.0 % Shift 24.6 667.0 2.7 Bioseed business is intensely research based and is diversified across key crops (Cot
Slide 20: Sugar
Sugar Operational Financial Sales Realisations Revenues PBIT Cap. Employed Particulars (Lac Qtls) (Rs./Qtl) (Rs. cr.) (Rs. cr.) (Rs. cr.) Q4 FY15 8.9 2,665 326.8 (56.0) 784.9 Q4 FY14 11.7 2,877 445.6 50.1 550.3 % Shift (24.2) (7.4) (26.7) - 42.6 FY15 29.2 2,967 1,037.1 (68.5) 784.9 FY14 42.8 3,006 1
Slide 21: Hariyali Kisaan Bazaar
Hariyali Kisaan Bazaar Cap. Employed Particulars Revenues (Rs. cr.) PBIT (Rs. cr.) (Rs. cr.) Q4 FY15 97.3 0.9 165.2 Q4 FY14 101.5 5.6 200.2 % Shift (4.1) (84.0) (17.5) FY15 465.5 4.8 165.2 FY14 429.1 8.2 200.2 % Shift 8.5 (42.4) (17.5) Revenues from fuel retailing only Performance Focus on sale
Slide 22: Chloro Vinyl Business
Chloro Vinyl Business Cap. Employed Particulars Revenues (Rs. cr.) PBIT (Rs. cr.) (Rs. cr.) Q4 FY15 308.3 72.2 495.0 Q4 FY14 319.1 97.5 565.9 % Shift (3.4) (26.0) (12.5) FY15 1,242.3 317.1 495.0 FY14 1,220.6 374.3 565.9 % Shift 1.8 (15.3) (12.5) The Chloro-Vinyl business of the Company has highly in
Slide 23: Chlor-Alkali
Chlor-Alkali Operational Financial Sales Realisations Revenues PBIT Particulars (MT) (Rs./MT) (Rs. cr.) (Rs. cr.) Q4 FY15 67,724 22,571 172.0 46.4 Q4 FY14 64,793 27,855 194.9 68.7 % Shift 4.5 (19.0) (11.8) (32.5) FY15 260,803 23,681 683.4 178.2 FY14 256,249 25,376 707.1 233.5 % Shift 1.8 (6.7) (3.4)
Slide 24: Plastics
Plastics Operational Financial PVC XWR Carbide Carbide XWR PVC Sales Revenues PBIT Particulars Realisations Sales Realisations (MT) (Rs. cr.) (Rs. cr.) (Rs./MT) (MT) (Rs./MT) Q4 FY15 16,212 64,068 6,179 42,331 136.3 25.7 Q4 FY14 11,258 74,585 8,813 42,502 124.2 28.8 % Shift 44.0 (14.1) (29.9) (0.4)
Slide 25: Cement
Cement Operational Financial Sales Realisations Revenues PBIT Cap. Employed Particulars (MT) (Rs./MT) (Rs. cr.) (Rs. cr.) (Rs. cr.) Q4 FY15 105,097 2,647 34.2 (1.2) 9.6 Q4 FY14 109,093 2,972 41.0 3.1 14.4 % Shift (3.7) (10.9) (16.6) - (33.4) FY15 390,316 2,860 137.1 (5.1) 9.6 FY14 367,535 2,791 130.
Slide 26: Other Businesses
Other Businesses DCM Shriram’s other operations, reported as ‘Others’ in the financial results, include its businesses of Polymer Compounding (now under 50:50 JV) and Fenesta Building Systems. Till last year it included the Textile operations also which has been sold in June 14. Revenues under ‘Othe
Slide 27: Fenesta Building Systems
Fenesta Building Systems Operational Financial Order Book Revenues Particulars (Rs cr.) (Rs. cr.) Q4 FY15 67.0 48.5 Q4 FY14 40.6 36.8 % Shift 65.0% 31.9 FY15 224.3 181.9 FY14 190.7 163.9 % Shift 17.6 11.0 Fenesta a pan India brand has become synonymous with UPVC windows. Includes Retail and Project
Slide 28: About Us & Investor Contacts
About Us & Investor Contacts DCM Shriram Ltd. is an integrated business entity, with extensive and growing presence across the entire Agri value chain and Chloro-Vinyl industry. The Company has added innovative value- added businesses in these domains primarily Bioseed and Fenesta. With a large base