Gujarat Fluorochemicals Ltd. · NSE:FLUOROCHEM
Gujarat Fluorochemicals — Q3 FY2024 Earnings Presentation
31 slides from Gujarat Fluorochemicals's earnings presentation, Feb 7, 2024
Slide 1: Exchange filing cover letter for Q3FY24 investor presentation
GFCL: BRD: 2024 7th February, 2024 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: Investor Presentation
Slide 2: Gujarat Fluorochemicals Limited Investor Presentation Q3FY24
Gujarat Fluorochemicals Limited Investor Presentation Q3FY24
Slide 3: Earnings Update, Financial Trend, Company Overview, Core Competencies
Earnings Update Q3FY24 Financial Trend Company Overview Core Competencies 2
Slide 4: Earnings Update Q3FY24
[GUJARAT FLUOROCHEMICALS, Earnings Update Q3FY24
Slide 5: Q3FY24 Highlights
Q3FY24 Highlights ➢ Consolidated Revenue from Operations for Q3FY24 was Rs. 992 Cr up by 5% on a QoQ basis. ➢ Consolidated EBIDTA for Q3FY24 was Rs. 206 Cr up by 26% on a QoQ basis. ➢ The EBIDTA margins for Q3FY24 were 21% as against 17% in Q2FY24. ➢ Consolidated PAT for Q3FY24 was at Rs. 80 Cr up b
Slide 6: Consolidated Revenue from operations
Consolidated Revenue from operations 1,418 5% 30% 992 992 947 Q2FY24 Q3FY24 Q3FY23 Q3FY24 Figures in Rs. Cr 5
Slide 7: Consolidated EBITDA & EBIDTA Margin
Consolidated EBITDA & EBIDTA Margin 37% 523 21% 21% 17% 61% 26% 206 206 163 Q2FY24 Q3FY24 Q3FY23 Q3FY24 EBITDA EBITDA % EBITDA EBITDA % Figures in Rs. Cr 6
Slide 8: Consolidated PAT & PAT Margin
Consolidated PAT & PAT Margin 23% 331 8% 8% 76% 6% 51% 80 80 53 Q2FY24 Q3FY24 Q3FY23 Q3FY24 PAT PAT % PAT PAT % Figures in Rs. Cr 7
Slide 9: Business Vertical – Fluoropolymers Performance and Outlook
Business Vertical – Fluoropolymers 574 545 Performance and Outlook - Fluoropolymer Prices remained stable however the volumes were marginally impacted during 5% the quarter due to holiday season in USA and Europe. The destocking phenomena seems to have phased out and we expect to see Q2FY24 Q3FY24 v
Slide 10: Business Vertical – Fluorochemicals Performance and Outlook
Business Vertical – Fluorochemicals Performance and Outlook - Fluorochemicals 246 185 Volumes have picked up during the quarter however prices have remained 33% at similar levels as the previous quarter. Specialty chemical continues to be sluggish and Chinese dumping Revenue Q2FY24 Q3FY24 particular
Slide 11: Business Vertical – Bulk Chemicals Performance and Outlook
Business Vertical – Bulk Chemicals 170 178 Performance and Outlook – Bulk Chemicals 5% Plants running at full capacity during the quarter. Revenue Caustic soda/MDC prices remain subdued during the quarter and expected Q2FY24 Q3FY24 to have bottomed out. 285 178 38% Q3FY23 Q3FY24 Figures in Rs. Cr 10
Slide 12: Financial Trend
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 3148 1,198 3000 2606 2651 1954 638 36% 717 2000 1302 1832 553 1344 30% 1000 2000 2282 24% 23% 21% 1262 1349 1316 0 FY 20 FY 21 FY 22 FY23 9MFY24 FY 20 FY 21 FY 22 FY 23 9MFY24 Domestic Revenue Export Revenue EBIDTA EBIDTA % 1,3
Slide 14: RoCE, RoE, Working Capital & Capex Trend
RoCE, RoE, Working Capital & Capex Trend RoCE RoE 34.07% 27.14% 24.46% 20.10% 14.47% # 11.98% # FY 22 FY 23 9MFY24 FY 22 FY 23 9MFY24 Working Capital Days Capex (Rs. Cr) 1349 165 1100 128 660 120 500 * FY 22 FY 23 9MFY24 FY22 FY23 FY24 FY25 # Excluding capital employed in Capacity expansions in the
Slide 15: Company Overview
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Slide 16: INOXGFL Group
INOXGFL GROUP INOXGFL Group, with a legacy of more than 90 years is one of the largest business Groups in India. It is a forerunner in diversified business segments comprising fluoropolymer, fluorochemicals, battery materials, wind turbines and renewables. The Group currently with 4 listed entities
Slide 17: Business Verticals
Business Verticals 30 years of expertise in Fluorine Chemistry FLUOROPOLYMERS Established player in Fluoropolymers, Specialty Chemicals, Refrigerants & Bulk Chemicals FLUOROCHEMICALS Three manufacturing facilities in India, Fluorspar mine in Morocco, facilities and warehouses in Europe, USA and Midd
Slide 18: 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 19: 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 20: 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 21: Battery Materials
Battery Materials Battery agnostic offerings; covering both LFP and NMC batteries GFCL EV current product portfolio caters to ~ 40% value of LFP battery cost GFCL EV to tap significant global opportunities presented by the EV & ESS eco-systems over decades to come Fully integrated battery complex in
Slide 22: Battery Materials Market Size (GWh)
Battery Materials Market Size (GWh) 7,000 5,905 6,000 5,000 4,747 3,950 4,000 3,180 3,000 2,327 2,000 1,775 1,361 1,081 1,000 Product % of LFP Battery cost 0 Cathode 31% FY24 FY25 FY26 FY27 FY28 FY29 FY30 FY31 Anode 20% Electrolyte 6% Separator 6% GFCL EV’s current product portfolio caters to ~ Casi
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Slide 24: Core Competencies
Core Competencies Integrated Plant Operations Manufacturing Capabilities Global Presence 23
Slide 25: 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 24
Slide 26: 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 27: 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 28: Sustainability Awards & Certification
Sustainability Awards & Certification ESG Ratings Environment Social Governance ISO 14001:2015 ISO 45001:2018 ISO 37001:2016 Environment Management Occupational Health & Anti Bribery Management System Safety Management System System ISO 9001:2015 SA – 8000 ISO/IEC 27001:2022 Quality Management Socia
Slide 29: Environment and Social Parameters
Environment and Social Parameters Environment Social 2000282 GJ 3418 Numbers FY 23 Renewable energy inputs FY 23 Total Employee Reused 24% 8% FY 23 Integrated Waste Management FY 23 Employee Retention Rate 14% > 0.25 FY 23 Water Consumption FY 23 Lost time incident frequency rate (LTIFR) 11% >
Slide 30: Regulatory Compliance
a” ® [GUJARAT FLUOROCHEMICALS, Regulatory Compliance acorn hn INOYAGEL coup Company ‘I USE } osm : ii REACH - Registration, Evaluation, ROHS - Restriction of Hazardous Substances USP Class VI - United States Pharmacopeia Authorization and Restriction of Chemicals © GECHA EUROPEAN CHEMICALS AGENCY EC
Slide 31: Thank You
THANK YOU Vibhu Agarwal Manoj Agrawal Bhavin Desai Head Investor Relations Chief Financial Officer Company Secretary E-mail: vibhu.agarwal@gfl.co.in E-mail: manojagrawal@gfl.co.in E-mail: bvdesai@gfl.co.in This presentation and the following discussion may contain “forward looking statements” by Guj
Gujarat Fluorochemicals — Q3 FY2024 Earnings Presentation on 6ix