Slide 1: Exchange filing cover letter
The Corporate Relationship Department, National Stock Exchange of India Limited BSE Limited “Exchange Plaza” Ist Floor , New Trading Ring Rotunda Bandra-Kurla Complex Building, P.J. Towers Bandra (E) Dalal Street, Mumbai 400 051 Mumbai 400 001 Scrip Code- 503806 Scrip Code-SRF SRF/SEC/BSE/NSE 10th M
Slide 2: Q4 & FY23 Results Presentation
SRF Limited Q4 & FY23 Results Presentation May 10, 2023
Slide 3: Disclaimer
Some statements in this document may be forward-looking. Such statements are subject to certain risks and uncertainties like regulatory changes, local, political or economic developments, and many other factors that could cause actual results to differ materially from those contemplated by the relev
Slide 4: Contents
Contents Company Overview……………………………………………………04 Q4 & FY23 Results Overview…..…..………………….…………10 Q4 & FY23 Segmental Performance……..………………….…15 Outlook…………………………………………………………….……....31 3 SRF - General [Restricted use] - This mail, document can be used by recipients for its intended purpose only.
Slide 5: Company Overview
COMPANY OVERVIEW 4 SRF - General [Restricted use] - This mail, document can be used by recipients for its intended purpose only.
Slide 6: Snapshot
Snapshot Exports to Operations in 4 14 Close to 8,000 90+ Countries Manufacturing Facilities Global Workforce Countries Rs. 14,870 cr 35% 50% 15% Revenue Packaging Chemicals Technical Textiles & Others Rs. 3,708 cr Rs. 2,162 cr EBITDA PAT 5 SRF - General [Restricted use] - This mail, document can be
Slide 7: Overview - Business Profile
Overview - Business Profile Chemicals Packaging Films Specialty Chemicals Fluorochemicals Films for Flexible Packaging Intermediates for AI / Refrigerants Bi-axially Oriented Polyethylene API / Applications Pharma Propellants Terephthalate (BOPET) Contract Manufacturing, Industrial Chemicals Bi-axia
Slide 8: Manufacturing Facilities
Manufacturing Facilities FLUOROCHEMICALS & SPECIALTY CHEMICALS 2 National Operations 1. Rajasthan, India - Bhiwadi 2. Gujarat, India - Dahej PACKAGING FILMS TECHNICAL TEXTILES 3 International Operations 1 4 National Operations 1 4. KwaZulu - Natal, South Africa 1. Madhya Pradesh, India - Malanpur, B
Slide 9: Market Leadership Across Businesses
Market Leadership Across Businesses Specialty Chemicals Fluorochemicals Packaging Films Technical Textiles Established relationship with Unique and fully integrated Recognized for expertise in Domestic market leader in marquee customers facilities extending across a developing, manufacturing Tyre Co
Slide 10: Growth Levers
Growth Levers Focus on building leadership businesses Build and maintain market leadership in business segments Build a Company known and Nurture innovation through R&D respected for its Reposition portfolio towards knowledge-based R&D capabilities products Focus on building knowledge-based value-ad
Slide 11: Q4 & FY23 Results Overview
Q4 & FY23 Results Overview 10 SRF - General [Restricted use] - This mail, document can be used by recipients for its intended purpose only.
Slide 12: Abridged Results Overview
Abridged Results Overview Consolidated figures Particulars (Rs. Crore) Q4 FY23 Q4 FY22 % Y-o-Y FY23 FY22 % Y-o-Y Gross Operating Revenue 3,778.1 3,549.4 6.4% 14,870.2 12,433.7 19.6% EBITDA 981.9 943.8 4.0% 3,708.1 3,146.0 17.9% EBITDA Margin (%) 26.0% 26.6% 24.9% 25.3% Depreciation 154.6 131.6 17.5%
Slide 13: Results Overview - Financial Overview
Results Overview - Financial Overview Consolidated figures Key Financial Ratios PARTICULARS FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 EBITDA Margin 13.59% 20.43% 22.13% 21.42% 17.69% 19.00% 20.90% 26.05% 25.30% 24.94% PAT Margin 4.04% 8.78% 9.51% 10.87% 8.38% 8.33% 12.70% 14.26% 15.19% 14.54
Slide 14: Results Overview - Revenue Share
Results Overview - Revenue Share Revenue (Rs. Crore) Q4 FY23 Q4 FY22 FY23 FY22 Total – 3,779.7 Total – 3,552.7 Total – 14,880.1 Total – 12,445.6 94.3 93.4 392.6 340.3 430.7 496.7 1,893.9 2,085.2 2.5% 2.6% 2.7% 2.7% 11.4% 14.0% 12.7% 16.8% 44.3% 42.1% 49.8% 55.6% 30.5% 34.8% 39.1% 38.4% 1,153.0 2,101
Slide 15: Results Overview - EBIT Share
Results Overview - EBIT Share EBIT (Rs. Crore) Q4 FY23 Q4 FY22 FY23 FY22 Total – 839.9 Total – 875.7 Total – 3,193.4 Total – 2,835.0 4.1 34.8 20.4 48.4 11.3 261.7 41..0 91.4 471.4 1.3% 5.8% 0.5% 1.1% 0.7% 4.9% 10.4% 556.2 8.2% 16.6% 17.4% 49.3% 31.5% 57.6% 33.4% 73.3% 88.0% 739.2 275.9 504.3 2,340.7
Slide 16: Q4 & FY23 Segmental Performance
Q4 & FY23 Segmental Performance Chemicals Packaging Films Technical Textiles Others 15 SRF - General [Restricted use] - This mail, document can be used by recipients for its intended purpose only.
Slide 17: Chemicals Business
Chemicals Business 16 SRF - General [Restricted use] - This mail, document can be used by recipients for its intended purpose only.
Slide 18: Chemicals Business - Results Update
Chemicals Business - Results Update Consolidated figures PARTICULARS Q4 FY23 Q4 FY22 % Y-o-Y FY23 FY22 % Y-o-Y Segment Revenues 2,101.7 1,572.5 33.7% 7,410.9 5,240.8 41.4% % Contribution to Revenues 55.6% 44.3% 49.8% 42.1% EBIT 739.2 504.3 46.6% 2,340.7 1,396.9 67.6% % EBIT Margins 35.2% 32.1% 31.6%
Slide 19: Chemicals Business - Specialty Chemicals
Chemicals Business Specialty Chemicals Business Business delivered strong growth during the quarter and year under review owing to: Market Trends New products commercialized - in FY23, SRF launched 6 new Global agrochemical market witnessed healthy products, 4 in Agro and 2 in the Pharma segment gro
Slide 20: Chemicals Technology Group
Chemicals Business Chemicals Technology Group Chemicals Technology Group (CTG) is actively engaged in the development of new process technologies Key focus on high end molecules Strong internal competencies and capabilities Equipped with state-of-the-art R&D facilities and an ingenious team of scien
Slide 21: Chemicals Business - Fluorochemicals
Chemicals Business Fluorochemicals Business Business delivered a healthy performance during the period: Market Trends Strong demand for Ref Gases; NPR’s of major HFC’s remained strong Global demand outlook for refrigerant gas remains strong and sustainable Record sales achieved for Dymel® HFA 134a/P
Slide 22: Packaging Films Business
Packaging Films Business 21 SRF - General [Restricted use] - This mail, document can be used by recipients for its intended purpose only.
Slide 23: Packaging Films Business - Results Update
Packaging Films Business - Results Update Consolidated figures PARTICULARS Q4 FY23 Q4 FY22 % Y-o-Y FY23 FY22 % Y-o-Y Segment Revenues 1,153.0 1,390.1 -17.1% 5,182.7 4,779.3 8.4% % Contribution to Revenues 30.5% 39.1% 34.8% 38.4% EBIT 41.0 275.8 -85.2% 556.2 946.3 -41.2% % EBIT Margins 3.6% 19.8% 10.
Slide 24: Packaging Films Business - Key Highlights
Packaging Films Business Key Highlights Business continued to face headwinds including margin pressure due to Market Trends significant supply addition, global demand slowdown, and steep energy costs in Europe FY24 expected to see continued pressure on To navigate through the uncertain times, SRF ex
Slide 25: Technical Textiles Business
Technical Textiles Business 24 SRF - General [Restricted use] - This mail, document can be used by recipients for its intended purpose only.
Slide 26: Technical Textiles Business - Results Update
Technical Textiles Business - Results Update Consolidated figures PARTICULARS Q4 FY23 Q4 FY22 % Y-o-Y FY23 FY22 % Y-o-Y Segment Revenues 430.7 496.7 -13.3% 1,893.9 2,085.2 -9.2% % Contribution to Revenues 11.4% 14.0% 12.7% 16.8% EBIT 48.4 91.4 -47.1% 261.7 471.4 -44.5% % EBIT Margins 11.2% 18.4% 13.
Slide 27: Technical Textiles Business - Key Highlights
Technical Textiles Business Key Highlights Demand for Nylon Tyre Cord Fabric remained subdued during the quarter Market Trends Belting Fabric delivered higher YoY sales Trends showing slight improvement in Improvement in demand for Polyester Industrial Yarn with key drivers being demand for Nylon Ty
Slide 28: Others
Others 27 SRF - General [Restricted use] - This mail, document can be used by recipients for its intended purpose only.
Slide 29: Others - Results Update
Others - Results Update Consolidated figures PARTICULARS Q4 FY23 Q4 FY22 % Y-o-Y FY23 FY22 % Y-o-Y Segment Revenues 94.3 93.4 1.0% 392.6 340.3 15.4% % Contribution to Revenues 2.5% 2.6% 2.7% 2.7% EBIT 11.3 4.1 177.1% 34.8 20.4 71.1% % EBIT Margins 12.0% 4.4% 8.9% 6.0% % Contribution to EBIT 1.3% 0.5
Slide 30: Others - Key Highlights
Others - Key Highlights Coated Fabrics SRF continues to maintain its leadership position in the domestic market Recorded its highest ever domestic sales and EBITDA due to steady demand and a robust order book Witnessed improved demand in all categories, with healthy contribution from VAPs Laminated
Slide 31: SRF's Community Engagement
SRF’s Community Engagement The inauguration of the Whitefield metro line in Bengaluru by the Hon'ble PM, Shri Narendra Modi on March 25, 2023, provided a unique opportunity to students from SRF Foundation's intervention schools to meet and interact with the Prime Minister Skills for Livelihood Progr
Slide 32: Outlook
Outlook 31 SRF - General [Restricted use] - This mail, document can be used by recipients for its intended purpose only.
Slide 33: Outlook - Chemicals Business
Outlook - Chemicals Business Specialty Chemicals Recently capitalised PIP plant ramp up likely to be strong Complex products and AIs witnessing significant traction with customers Fungicides and Herbicides continue to show growth Continued focus on launch of new products Continue expanding portfolio
Slide 34: Outlook - Packaging Films Business
Outlook - Packaging Films Business Aluminium foil project progressing as per plan Focus on value-added products both in BOPP and BOPET Hungary expected to perform better in the ensuing quarters Demand supply mismatch and pressure on margins expected to continue at least in the medium term Some indus
Slide 35: Outlook - Technical Textiles Business
Outlook - Technical Textiles Business Higher operating leverage and cost optimization by capacity rationalization across various plants Demand in NTCF witnessing revival, augurs well for the near future PIY and NIY sales witnessing positive trends Other sub-segments of Technical Textiles Business ex
Slide 36: About Us
About Us Established in 1970, SRF Limited with an annual turnover of ₹14,592 crore (US$ 1.8 billion) is a chemical based multi-business entity engaged in the manufacturing of industrial and specialty intermediates. The company’s diversified business portfolio covers Fluorochemicals, Specialty Chemic
Slide 37: Thank You
Thank You 36 SRF - General [Restricted use] - This mail, document can be used by recipients for its intended purpose only.