Gfl Ltd · NSE:GFLLIMITED

Gfl — Gujarat Fluorochemicals — Q4 FY2015 Earnings Presentation

25 slides from Gfl's earnings presentation, 2015

  1. Slide 1: Quarterly Investor Update Q4 & Full Year FY15

    GUJARAT FLUOROCHEMICALS LIMITED QUARTERLY INVESTOR UPDATE Q4 & FULL YEAR FY15

  2. Slide 2: Disclaimer

    DISCLAIMER This presentation and the following discussion may contain “forward looking statements” by Gujarat Flurochemicals Limited (“GFL” or the Company) that are not historical in nature. These forward looking statements, which may include statements relating to future results of operations, fina

  3. Slide 3: Discussion Summary

    DISCUSSION SUMMARY  Q4 & FY15 RESULTS HIGHLIGHTS  CONSOLIDATED RESULTS  CHEMICALS BUSINESS  WIND TURBINE MANUFACTURING BUSINESS  WIND FARMING BUSINESS  FILM EXHIBITION BUSINESS  FY15 BALANCE SHEET UPDATE  SHAREHOLDING STRUCTURE  FINANCIAL SUMMARY  BUSINESS STRATEGY & OUTLOOK  ANNEXURE 3

  4. Slide 4: Q4 & FY15 Results Highlights: Consolidated Results

    Q4 & FY15 – RESULTS HIGHLIGHTS CONSOLIDATED RESULTS Q4 FY15 YoY ANALYSIS REVENUES* EBITDA ** & EBITDA MARGIN PAT & PAT MARGIN 18.1% 21.1% 15,532.0 12.7% 3.9% 11,935.0 3,276.8 2,806.3 1,510.0 30 % 86 % 609 % 462.2 Q4 FY14 Q4 FY15 Q4 FY14 Q4 FY15 Q4 FY14 Q4 FY15 Note: * Revenue from Operations, ** EBI

  5. Slide 5: Consolidated Revenues Breakup

    Q4 & FY15 – RESULTS HIGHLIGHTS CONSOLIDATED REVENUES BREAKUP CONSOLIDATED REVENUES – BUSINESS WISE BREAKUP 15,532.0 53,408.1 2,177.5 10,168.1 11,935.0 358.3 1,888.3 16 % 34,515.4 17 % 1,883.0 374.2 8,688.3 4% 9,300.5 1,732.4 9% 27,099.3 6,894.2 35 % 15,668.1 73 % 13 % 3,474.5 16 % 13,209.7 3,086.0 1

  6. Slide 6: Consolidated EBITDA Breakup

    Q4 & FY15 – RESULTS HIGHLIGHTS CONSOLIDATED EBITDA BREAKUP CONSOLIDATED EBITDA – BUSINESS WISE BREAKUP 2,806.3 10,350.1 105.1 1,227.7 323.6 35 % 1% 1,758.1 5,981.5 1,510.0 1% 1,703.8 1,219.6 13 % 162.9 4,574.4 319.7 1,556.6 212 % 160 % 545.4 1,762.7 30 % 676.6 45 % 2,823.3 520.1 1,944.1 Q4 FY14 Q4 F

  7. Slide 7: Consolidated PAT Breakup

    Q4 & FY15 – RESULTS HIGHLIGHTS CONSOLIDATED PAT BREAKUP CONSOLIDATED PAT – BUSINESS WISE BREAKUP 3,276.8 5,852.4 200.4 364 % 44.8 1,178.8 4234 % 46 % 2,964.2 157 % 71% 3,001.3 1,861.0 15.4 462.2 2681 % 369.4 124 % 5.3 102.9 459.5 153.6 3,823.5 1,322.8 395 % -219.1 744.3 -40.6 Q4 FY14 Q4 FY15 FY14 FY

  8. Slide 8: Chemicals Business Standalone Results

    Q4 & FY15 – RESULTS HIGHLIGHTS CHEMICALS BUSINESS STANDALONE RESULTS Q4 FY15 YoY ANALYSIS REVENUES* EBITDA ** & EBITDA MARGIN PAT & PAT MARGIN 3,474.5 19.5% 86.4% 3,086.0 16.9% 3.3% 676.6 3,001.3 520.1 13 % 30 % 2817 % 102.9 Q4 FY14 Q4 FY15 Q4 FY14 Q4 FY15 Q4 FY14 Q4 FY15 * Revenue from Operations,

  9. Slide 9: Chemicals Business Standalone Results: Revenues Breakup

    Q4 & FY15 – RESULTS HIGHLIGHTS CHEMICALS BUSINESS - STANDALONE RESULTS Q4 FY15 YoY ANALYSIS - REVENUES BREAKUP FY15 YoY ANALYSIS - REVENUES BREAKUP 13,209.7 3,474.5 3,086.0 22 % 11,409.4 6% 825.7 234.7 777.5 192.0 5% 14 % 5,027.5 1,200.9 1,143.9 4,391.9 72 % 62 % 672.5 2,043.1 390.6 1,259.9 20 % 2,1

  10. Slide 10: Wind Turbine Manufacturing Business (Inox Wind Limited)

    Q4 & FY15 – RESULTS HIGHLIGHTS WIND TURBINE MANUFACTURING BUSINESS (INOX WIND LIMITED) Q4 FY15 YoY ANALYSIS REVENUES* EBITDA** & EBITDA MARGIN PAT & PAT MARGIN 9,300.5 18.3% 12.7% 6,894.2 1,703.8 1,178.8 6.7% 7.9% 545.4 459.5 35 % 212 % 157 % Q4 FY14 Q4 FY15 Q4 FY14 Q4 FY15 Q4 FY14 Q4 FY15 EBIDTA EB

  11. Slide 11: Wind Farming Business (Inox Renewables Limited)

    Q4 & FY15 – RESULTS HIGHLIGHTS WIND FARMING BUSINESS (INOX RENEWABLES LIMITED) Q4 FY15 YoY ANALYSIS REVENUES* EBITDA** & EBITDA MARGIN PAT & PAT MARGIN 90.3% 1.4% 374.2 358.3 85.4% -61.1% 319.7 323.5 5.3 4% 1% -219.1 Q4 FY14 Q4 FY15 Q4 FY14 Q4 FY15 Q4 FY14 Q4 FY15 EBIDTA EBIDTA % PAT PAT % FY15 YoY

  12. Slide 12: Film Exhibition Business (Inox Leisure Limited)

    Q4 & FY15 – RESULTS HIGHLIGHTS FILM EXHIBITION BUSINESS (INOX LEISURE LIMITED) Q4 FY15 YoY ANALYSIS REVENUES* EBITDA ** & EBITDA MARGIN PAT & PAT MARGIN 2,177.5 0.8% 8.7% 4.8% -1.9% 1,883.0 162.9 15.4 105.1 16 % 36 % -40.6 Q4 FY14 Q4 FY15 Q4 FY14 Q4 FY15 Q4 FY14 Q4 FY15 EBIDTA EBIDTA % PAT PAT % FY1

  13. Slide 13: FY15 Balance Sheet Update

    FY15 BALANCE SHEET UPDATE Standalone FY14 FY15 Consolidated FY14 FY15 Total of Shareholder funds 25,247.0 28,555.9 Total of Shareholder funds 32,969.8 42,352.6 Share Capital 109.9 109.9 Share Capital 109.9 109.9 Reserves & Surplus 25,137.1 28,446.0 Reserves & Surplus 32,859.9 42,242.7 Minority Inter

  14. Slide 14: FY15 Balance Sheet Update

    FY15 BALANCE SHEET UPDATE Consolidated FY14 FY15 Consolidated FY14 FY15 Fixed Assets Total Debt Chemicals Business 20,563.5 21,031.0 Chemicals Business 7,049.4 7,169.0 Wind Turbine Manufacturing Business 1,976.8 2,502.6 Wind Turbine Manufacturing Business 5,566.5 8,743.1 Wind Farming Business 16,429

  15. Slide 15: Shareholding Structure

    SHAREHOLDING STRUCTURE Share Price Performance Market Data As on 27.05.15 (BSE) 1000 800 Market capitalization (Rs Mn) 67,074.4 600 Price (Rs.) 610.6 400 200 No. of shares outstanding (Mn) 109.9 0 Face Value (Rs.) 1.0 52 week High-Low (Rs.) 817.0 – 385.0 % Shareholding – Mar 2015 Key Institutional I

  16. Slide 16: Financial Summary: Standalone Financials, Chemicals Business

    FINANCIAL SUMMARY – LAST 5 YEARS STANDALONE FINANCIALS – CHEMICALS BUSINESS REVENUES * EBITDA & EBITDA MARGIN PAT & PAT MARGIN CAGR: 15.1 % CAGR: 28.2 % CAGR: 14.1 % 28.9% 13,210 20.6% 26.2% 17.4% 17.0% 21.4% 18.1% 19.8% 11,929 11,544 11,409 5.2% 6.5% 7,804 3,120 2,823 3,824 1,608 2,004 1,944 2,358

  17. Slide 17: Financial Summary: Consolidated Financials

    FINANCIAL SUMMARY – LAST 5 YEARS CONSOLIDATED FINANCIALS REVENUES * EBITDA & EBITDA MARGIN PAT & PAT MARGIN CAGR: 38.7% 43.4% CAGR: 26.9% 27.6% CAGR: 21.2% 27.6% 32.1% 18.8% 17.2% 53,408 17.3% 19.4% 11.0% 12,280 5.4% 34,515 10,172 10,350 7,801 28,302 31,664 5,434 5,852 14,439 5,982 3,988 2,714 1,861

  18. Slide 18: Business Strategy & Outlook

    BUSINESS STRATEGY & OUTLOOK MINIMAL CAPEX OVER NEXT 2-3 YEARS  Major capex for expansion of PTFE capacity to 18,000 MT and corresponding increases in capacities across the entire value chain already incurred.  Ongoing capex going forward expected to be minimal – to the tune of Rs 1,000 – 1,500 mn

  19. Slide 19: Annexure

    ANNEXURE 19

  20. Slide 20: Detailed Financials: Standalone P&L Statement

    DETAILED FINANCIALS STANDALONE P&L STATEMENT Particulars (In Rs Mn) Q4 FY15 Q4 FY14 YoY % Q3 FY15 QoQ % FY15 FY14 YoY % Revenue from Operations 3,474.5 3,086.0 12.6% 3,323.1 4.6% 13,209.7 11,409.4 15.8% COGS 1,078.1 981.6 9.8% 943.1 14.3% 3,647.5 3,628.2 0.5% Gross Profit 2,396.4 2,104.4 13.9% 2,380

  21. Slide 21: Detailed Financials: Standalone Balance Sheet

    DETAILED FINANCIALS STANDALONE BALANCE SHEET Particulars (In Rs Mn) FY15 FY14 Particulars (In Rs Mn) FY15 FY14 Share Holders’ Funds: Non-Current Assets: Equity Share Capital 109.9 109.9 Fixed Assets (Incl. CWIP) 21,031.0 20,563.5 Reserves and Surplus 28,446.0 25,137.1 Non-Current Investments 4,204.7

  22. Slide 22: Detailed Financials: Consolidated P&L Statement

    DETAILED FINANCIALS CONSOLIDATED P&L STATEMENT Particulars (In Rs Mn) Q4 FY15 Q4 FY14 YoY % Q3 FY15 QoQ % FY15 FY14 YoY % Total Income from Operations 15,532.0 11,935.0 30.1% 16,209.8 -4.2% 53,408.1 34,515.4 54.7% COGS 6,535.4 4,732.0 38.1% 7,417.7 -11.9% 21,825.0 13,732.0 58.9% Employee Expenses 57

  23. Slide 23: Detailed Financials: Consolidated Balance Sheet

    DETAILED FINANCIALS CONSOLIDATED BALANCE SHEET Particulars (In Rs Mn) FY15 FY14 Particulars (In Rs Mn) FY15 FY14 Share Holders’ Funds: Goodwill on Consolidation 1,650.8 573.9 Equity Share Capital 109.9 109.9 Non-Current Assets: Reserves and Surplus 42,242.7 32,859.9 Fixed Assets (Incl. CWIP) 44,690.

  24. Slide 24: Group Overview: Strong Pedigree

    GROUP OVERVIEW STRONG PEDIGREE  Strong legacy of more than 80 years.  Diversified businesses across industrial gases, engineering plastics, refrigerants, chemicals, cryogenic engineering, renewable energy and entertainment sectors.  More than 8,000 employees at more than 100 business units across

  25. Slide 25: Thank You

    FOR FURTHER QUERIES: THANK YOU Deepak Asher Ammeet Sabarwal / Nilesh Dalvi Director and Group Head (Corporate Finance) Dickenson Seagull IR Email : deepakasher@gfl.co.in Contact No : +91 9819576873 / +91 9819289131 Email : ammeet.sabarwal@dickensonir.com nilesh.dalvi@dickensonir.com 25

Gujarat Fluorochemicals — Q4 FY2015 Earnings Presentation on 6ix