Gujarat Fluorochemicals Ltd. · NSE:FLUOROCHEM
Gujarat Fluorochemicals — Q4 FY2023 Earnings Presentation
34 slides from Gujarat Fluorochemicals's earnings presentation, May 5, 2023
Slide 1: Exchange intimation letter for Q4FY23 investor presentation
GFCL: BRD: 2023 05 th May, 2023 The Secretary The Secretary BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, Bandra Kurla Complex Dalal Street, Mumbai 400 001 Bandra (E), Mumbai 400 051 Scrip Code: 542812 Symbol: FLUOROCHEM Sub: Pursuant to Regulation 30
Slide 2: Gujarat Fluorochemicals Limited Investor Presentation Q4FY23
Gujarat Fluorochemicals Limited Investor Presentation Q4FY23
Slide 3: Earnings Update, Financial Trend, Company Overview, Core Competencies
Earnings Update Q4FY23 Financial Trend Company Overview Core Competencies 2
Slide 4: Earnings Update Q4FY23
GUJARAT FLUOROCHEMICA\ Earnings Update QAFY23
Slide 5: Q4FY23 Highlights
Q4FY23 Highlights ➢ Consolidated Revenue for FY23 was Rs.5685 Cr and for Q4FY23 was Rs. 1471 Cr up by 44% & 37% respectively on a YoY basis. ➢ Consolidated EBIDTA for FY23 was Rs.2047 Cr and for Q4FY23 was Rs. 529 Cr up by 71% & 60% respectively on a YoY basis. ➢ The EBIDTA margins for FY23 and for
Slide 6: Consolidated Revenue from Operations
Consolidated Revenue from Operations 5,685 1,471 1,471 1,418 1,074 3,954 4% 37% 44% Q3FY23 Q4FY23 Q4FY22 Q4FY23 FY22 FY23 Figures in Rs. Cr 5
Slide 7: Consolidated EBITDA & EBIDTA Margin
Consolidated EBITDA & EBIDTA Margin 36% 37% 36% 36% 30% 2,047 31% 523 529 529 331 1,198 1% 60% 71% Q3FY23 Q4FY23 Q4FY22 Q4FY23 FY22 FY23 EBITDA EBITDA % EBITDA EBITDA % EBITDA EBITDA % Figures in Rs. Cr 6
Slide 8: Consolidated PAT & PAT Margin
Consolidated PAT & PAT Margin 23% 23% 23% 23% 20% 20% 1,323 331 332 332 219 52% 775 71% Q3FY23 Q4FY23 Q4FY22 Q4FY23 FY22 FY23 PAT PAT % PAT PAT % PAT PAT % Figures in Rs. Cr PAT excludes Income Tax pertaining to earlier years 7
Slide 9: Business Vertical – Bulk Chemicals
Business Vertical – Bulk Chemicals 285 237 Performance and Outlook – Bulk Chemicals 17% Plants running at full capacity during the quarter. Bulk Chemicals prices corrected during the quarter as anticipated and are Revenue Q3FY23 Q4FY23 expected to remain subdued. 260 237 9% Q4FY22 Q4FY23 Figures in
Slide 10: Business Vertical – Fluorochemicals
Business Vertical – Fluorochemicals 476 349 36% Performance and Outlook - Fluorochemicals Volumes and Prices improved over the previous quarter. Refrigerant demand appears to be subdued during Q1FY24. Revenue Q3FY23 Q4FY23 New fluorochemicals plants are gradually ramping up production and expected t
Slide 11: Business Vertical – Fluoropolymers
Business Vertical – Fluoropolymers 763 723 5% Performance and Outlook - Fluoropolymer Volumes remained stable during the quarter however the prices have corrected marginally. Q3FY23 Q4FY23 There are planned shutdowns of some of the plants during Q1FY24. Revenue In addition to de-bottlenecking of PTF
Slide 12: Financial Trend
GUJARAT FLUOROCHEMICA\ Financial Trend 11
Slide 13: Annual Revenue, EBIDTA and PAT Trend
Annual Revenue, EBIDTA and PAT Trend 6000 5685 2,047 5000 3954 4000 3403 1,198 2606 2651 36% 3000 1954 553 638 30% 2000 1344 1302 24% 1000 2000 2282 21% 1262 1349 0 FY 20 FY 21 FY 22 FY23 FY 20 FY 21 FY 22 FY23 Domestic Revenue Export Revenue EBIDTA EBIDTA % 1,323 775 23% 355 20% 84 13% 3% FY 20 FY
Slide 14: RoCE, RoE, Debt-Equity & Working Capital Trend
RoCE, RoE , Debt-Equity & Working Capital Trend RoCE RoE 34.07% 27.14% 24.46% 20.10% 11.92% 9.87% FY 21 FY 22 FY 23 FY 21 FY 22 FY 23 Net Debt Equity Ratio Working Capital Days 0.33 155 0.26 0.23 128 120 FY 21 FY 22 FY 23 FY 21 FY 22 FY 23 * Excluding one offs and extraordinary income / loss 13
Slide 15: Capex
Capex FY 2024 FY 2023 Rs. 1500 Cr Rs 1349 Cr FY 2022 Rs 660 Cr GFL is currently investing / has planned capex towards expanding its capacities for Fluoropolymers, Refrigerant Gases and Battery Chemicals. 14
Slide 16: INOXGFL, Group Company
20 INOYGEL, Group Company 1 15
Slide 17: INOX GFL GROUP
INOX GFL GROUP The INOXGFL Group with a legacy of more than 90 years is one of the largest business Groups in India. The Group is a forerunner in diversified business segments comprising specialty chemicals, fluoropolymers, gases, wind turbines and renewables. The Group currently with 3 listed entit
Slide 18: Business Verticals
Business Verticals 30 years of expertise of focusedinexpertise Fluorine in Chemistry Fluorine Chemistry BULK CHEMICALS Established player in Fluoropolymers, Specialty Chemicals, Refrigerants & Bulk Chemicals FLUOROCHEMICALS Three manufacturing facilities in India, Fluorspar mine in Morocco, offices
Slide 19: Bulk Chemicals Vertical
Bulk Chemicals Vertical PRODUCTS CAUSTIC SODA CHLOROFORM METHYLENE DI CHLORIDE CTC APPLICATIONS • Textiles • Feedstock for Refrigerant • Pharma API • Pesticides • Soaps & Detergents Gas R-22 • Foam manufacturing • Agricultural Chemicals • Alumina • Solvent - Pharma • Agri-chem & Pharma • Plastics Fo
Slide 20: Fluorochemicals Vertical
Fluorochemicals Vertical PRODUCTS HF BASED TFE BASED KF BASED REFRIGERANTS APPLICATIONS • Agrochemical majorly Insecticides, • Pharmaceutical Intermediates, • Pharmaceutical Intermediates, • Air-conditioners Herbicides & Fungicides • Agrochemical Pesticide & • Agrochemical Pesticide & • Plant Growth
Slide 21: 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 22: New Age Industry Vertical
New Age Industry Vertical APPLICATIONS ELECTRIC VEHICLES SOLAR PANELS HYDROGEN FUEL CELLS / ELECTROLYZERS PRODUCTS • PVDF Electrode Binders • PVDF Film • Fluoropolymers(FKM, PTFE, FEP) • Battery Chemicals • Back-sheet • Membranes • LiPF6 • Charging Accessories • Additives • Electrolyte Formulations
Slide 23: 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 demand 2030 for EVs, energy storage and consumer electronics is estimated at 2633 GWH with EV battery ch
Slide 24: New Age Vertical-Solar Panels
New Age Vertical-Solar Panels APPLICATIONS SOLAR PANELS PRODUCTS • PVDF Film • 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 25: 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
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Slide 27: Core Competencies
Core Competencies Integrated Plant Operations Manufacturing Capabilities Global Presence 26
Slide 28: 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. * Under Implementation 27
Slide 29: 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 30: 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, state of the art equipment including application development l
Slide 31: Sustainability Awards & Certification
Sustainability Awards & Certification CERTIFICATIONS ISO 14001 : 2015 Health – Safety - Environment ISO 9001 : 2015 ISO 45001 : 2018 ISO 37001 : 2016 Ethics ISO / IEC 27001 : 2013 SA8000:2014 We have aligned all our Internal & Supply chain processes as per the following Social Responsibility standar
Slide 32: Regulatory Compliance
Regulatory Compliance GUJARAT FLUOROCHEMICALS ROHS - Restriction of Hazardous Substances GECHA EUROPEAN CHEMICALS AGENCY SVHC - Substances of Very High Concern FDA - Food and Drug Administration An INOYAGEL Group Company Use US Marmacopstt REACH - Registration, Evaluation, USP Class VI - United Stat
Slide 33: For further queries
For further queries: Vibhu Agarwal Head Investor Relations e-mail: vibhu.agarwal@gfl.co.in Manoj Agrawal Chief Financial Officer e-mail: manojagrawal@gfl.co.in Bhavin Desai Company Secretary e-mail: bvdesai@gfl.co.in 32
Slide 34: Thank You
Thank You 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, result
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