Slide 1: Cover letter to stock exchanges
GFLLimited ((Earlier known as Gujarat Fluorochemicals Limited) ABS Towers, 2nd Floor, Old Padra Road, Vadodara 390 007 Telephone: +91 (265) 6198111 Fax: +91 (265) 2310 312 GFL: BRO: 2019 13th August, 2019 The Secretary The Secretary BSE Limited National Stock Exchange of India limited Phiroze Jeejee
Slide 2: GFL Limited Quarterly Investor Update Q1FY20
GFL LIMITED QUARTERLY INVESTOR UPDATE Q1FY20 1
Slide 3: Disclaimer
DISCLAIMER This presentation and the following discussion may contain “forward looking statements” by GFL Limited (“GFL” or “the Company”) that are not historical in nature. These forward looking statements, which may include statements relating to future state of affairs, results of operations, fin
Slide 4: Index
INDEX Background Demerger Scheme Background Structure before the Scheme Objectives of the Scheme Salient features of the Scheme Structure after the Scheme Assets and Liabilities bifurcation Financial Results Q1FY20 Shareholding Structure 3
Slide 5: Background
BACKGROUND INOX Group is a diversified conglomerate engaged in the business of industrial gases, fluorochemicals, multiplexes, wind energy solutions and cryogenic engineering Gujarat Fluorochemicals Limited (GFL) has been engaged in the business of manufacturing of chemicals (caustic soda, chlor
Slide 6: Structure Before the Scheme
STRUCTURE BEFORE THE SCHEME Promoters Public 68.33% 31.67% GFL 51.32% 56.98% Chemical Business Cinema Business Wind Energy Business Other Businesses - 100% stake in IIL - Ranjitnagar Plant - 100% stake in IRL - Dahej Plant - Captive Wind Power Plants - 100% stake in GFL Singapore - 100% stake in GFL
Slide 7: Objectives of the Scheme
OBJECTIVES OF THE SCHEME Separately and independently listing the Chemicals Business of GFL Providing an opportunity for investors who wish to invest only in the Chemicals Business of GFL Unlocking shareholder value for GFL shareholders, who presently suffer a “holding company discount” on the
Slide 8: Salient Features of the Scheme
SALIENT FEATURES OF THE SCHEME GFL has demerged its chemical business (including investments in overseas subsidiaries related to the chemicals business) into GFL2 by way of a Scheme of Arrangement approved by National Company Law Tribunal (NCLT), Ahmedabad Bench. Appointed Date of Demerger: Apri
Slide 9: Structure After the Scheme
STRUCTURE AFTER THE SCHEME Promoters Public Promoters Public 68.33% 31.67% 68.33% 31.67% GFL 2 GFL 1 Chemical Business 51.32% 56.98% Cinema Wind Energy Other Businesses Business Business - Ranjitnagar Plant - Dahej Plant - 100% stake in IIL - Captive Wind Power Plants - 100% stake in IRL - 100% stak
Slide 10: Assets and Liabilities Bifurcation
ASSETS AND LIABILITIES BIFURCATION Rs. Crores Assets and Liabilities As at 31st March, 2019 GFL Total GFL1 GFL2 Fixed Assets 2,693 271 2,422 Strategic Investments 1,011 922 89 Net Cash 158 - 158 Working Capital 847 11 836 Total assets 4,709 1,204 3,505 Capital 4,709 1,204 3,505 Net Debt - - Total li
Slide 11: Standalone Financial Results Q1FY20
STANDALONE FINANCIAL RESULTS Q1FY20 (Rs. In Lakhs) Corresponding Preceding 3 Months 3 Months Year Sr. 3 Months Particulars ended 30/06/2019 ended ended 31/03/2019 No. ended 31/03/2019 (Unaudited) 30/06/2018 (Audited) (Audited) (Unaudited) I Revenue from operations - - - - II Other income 1,210 1,198
Slide 12: Shareholding Structure
SHAREHOLDING STRUCTURE Share Price Performance Market Data As on 31.07.2019 (BSE) 1150 Market capitalization (Rs Cr) 9946.37 1100 Price (Rs.) 905.45 1050 1000 No. of shares outstanding (Cr) 10.99 950 900 Face Value (Rs.) 1.0 850 800 52 week High-Low (Rs.) 1140.95 -746.50 Jan-19 Feb-19 Mar-19 Apr-19
Slide 13: For Further Queries
FOR FURTHER QUERIES: Deepak Asher Director and Group Head (Corporate Finance) Email : deepakasher@gfl.co.in Dhruv Shah Company Secretary Email : dhruv.shah@gfl.co.in 12
Slide 14: Gujarat Fluorochemicals Limited Quarterly Investor Update Q1FY20
GUJARAT FLUOROCHEMICALS LIMITED QUARTERLY INVESTOR UPDATE Q1FY20 1
Slide 15: Disclaimer
DISCLAIMER This presentation and the following discussion may contain “forward looking statements” by GFL Limited (“GFL” or “the Company”) that are not historical in nature. These forward looking statements, which may include statements relating to future state of affairs, results of operations, fin
Slide 16: Index
INDEX Consolidated Results Consolidated Revenue Breakup Breakup of VAP Sales and Other Revenues Annexure 3
Slide 17: Q1 FY20 Results
a), <2] = i a , ip ik Q1 FY20
Slide 18: Consolidated Results
CONSOLIDATED RESULTS Q1 FY20 YoY ANALYSIS In Rs. Cr REVENUES * EBITDA ** & EBITDA MARGIN PAT & PAT MARGIN *** 29.8% 25.7% 14.8% 15.2% 740 687 205 190 112 32 8% 7% 102 10 % 80 Q1 FY19 Q1 FY20 Q1 FY19 Q1 FY20 Q1 FY19 Q1 FY20 EBIDTA EBIDTA % PAT IT Credit PAT % Note: * Revenue from Operations, ** EBITD
Slide 19: Consolidated Revenue Breakup
CONSOLIDATED REVENUE BREAKUP Q1 FY20 YoY ANALYSIS - REVENUE BREAKUP In Rs. Cr 740 5 687 29 28 % Share Q1 FY19 Q1 FY20 120 93 4% Caustic Soda 16.5% 15.3% Chloromethanes 10.1% 11.1% 30 % 283 280 Refrigerant Gases 16.2% 14.6% 1% Poly Tetrafluoroethylene 40.7% 38.2% 3% 111 108 Value Added Products 13.5%
Slide 20: Breakup of VAP Sales and Other Revenues
BREAKUP OF VAP SALES AND OTHER REVENUES VAP Sales Other Revenues In Rs. Cr 120 28 29 93 37 3 3 153 % 8 915 % 31 9 55 % 4 47 54 % 9 9 2% 59 39 % 36 7 8 8% Q1 FY19 Q1 FY20 Q1 FY19 Q1 FY20 New Refrigerants Hydrogen Gas AHCL New Fluoropolymer & Fluoromonomers PTFE - Waste, Fines & Samples Specialty Fluo
Slide 21: Annexures
€ , ANNEXURES
Slide 22: Detailed Financials - Consolidated P&L Statement
DETAILED FINANCIALS - CONSOLIDATED P&L STATEMENT Particulars (In Rs Cr) Q1 FY20 Q1 FY19 YoY % Q4 FY19 QoQ % FY19 Revenue from Operations 740 687 8% 710 4% 2,729 Other Income 3 3 -4% 14 -80% 57 Total Income 743 690 8% 724 3% 2,786 Cost of Material Consumed 283 261 8% 225 26% 956 Purchases of stock-in
Slide 23: Detailed Financials - Standalone P&L Statement
DETAILED FINANCIALS - STANDALONE P&L STATEMENT Particulars (In Rs Cr) Q1 FY20 Q1 FY19 YoY % Q4 FY19 QoQ % FY19 Revenue from Operations 735 695 6% 682 8% 2,731 Other Income 3 3 3% 15 -79% 51 Total Income 738 698 6% 696 6% 2,782 Cost of Material Consumed 282 254 11% 221 28% 934 Purchases of stock-in-t
Slide 24: For Further Queries
FOR FURTHER QUERIES: Deepak Asher Director and Group Head (Corporate Finance) Email : deepakasher@gfl.co.in Bhavin Desai Company Secretary Email : bvdesai@gfl.co.in 11