Gujarat Fluorochemicals Ltd. · NSE:FLUOROCHEM
Gujarat Fluorochemicals — Q1 FY2023 Earnings Presentation
33 slides from Gujarat Fluorochemicals's earnings presentation, Jul 27, 2022
Slide 1: Gujarat Fluorochemicals Limited Investor Presentation Q1FY23
Gujarat Fluorochemicals Limited Investor Presentation Q1FY23
Slide 2: Earnings Update Q1FY23, Financial Trend, Company Overview, Core Competencies
Earnings Update Q1FY23 Financial Trend Company Overview Core Competencies 2
Slide 3: Earnings Update - Q1FY23
GUJARAT FLUOROCHEMICA\ arnings Update pot FY23
Slide 4: Q1FY23 Highlights
Q1FY23 Highlights ➢ Consolidated Revenue for Q1FY23 was Rs. 1334 Cr up by 46% on a YoY basis. ➢ Consolidated EBIDTA for Q1FY23 was Rs. 459 Cr up by 80% on a YoY basis. ➢ The EBIDTA margins for Q1FY23 were 34% as against 28% in Q1FY22. ➢ Consolidated PAT for Q1FY23 was at Rs. 303 Cr up by 101% on a Y
Slide 5: Consolidated Revenue
Consolidated Revenue 1,334 1,334 1,074 24% 912 46% Q4FY22 Q1FY23 Q1FY22 Q1FY23 Figures in Rs. Cr 5
Slide 6: Consolidated EBITDA & EBIDTA Margin
Consolidated EBITDA & EBIDTA Margin 34% 34% 31% 459 459 28% 331 255 39% 80% Q4FY22 Q1FY23 Q1FY22 Q1FY23 EBITDA EBITDA % EBITDA EBITDA % Figures in Rs. Cr 6
Slide 7: Consolidated PAT & PAT Margin
Consolidated PAT & PAT Margin 23% 23% 20% 303 303 17% 217 151 40% 101% Q4FY22 Q1FY23 Q1FY22 Q1FY23 PAT PAT % PAT PAT % Figures in Rs. Cr 7
Slide 8: Business Vertical – Bulk Chemicals
Business Vertical – Bulk Chemicals 487 Caustic Soda Chloromethanes Refrigerants 338 196 44 % Plants running at full capacity Plants running at full capacity Volumes and Prices have 78 during the quarter. barring planned annual shut improved due to 102 91 down during the quarter. commencement of R125
Slide 9: Business Vertical – Fluoropolymer (PTFE)
Business Vertical – Fluoropolymer(PTFE) 451 379 Fluoropolymer(PTFE) 16% Limited availability of TFE for PTFE due to product mix change during the quarter resulted in lower production. The TFE capacity is being augmented to meet the higher requirements for both PTFE and Refrigerants. Demand continues
Slide 10: New Fluoropolymers Revenue
…New Fluoropolymers 331 New Fluoropolymer 183 81% The higher revenues realized during this quarter is due to additional capacities commissioned and price improvements. There is continued increase in demand, which will be met with additional capacities expected to be commissioned going forward. Reven
Slide 11: Business Vertical – Specialty Chemical
Business Vertical – Specialty Chemical 119 57 109% Specialty Chemical Normal operations have resumed. Revenue Q4FY22 Q1FY23 New plants are being commissioned and expected to gradually ramp up production in the upcoming quarters. 119 38% 86 Q1FY22 Q1FY23 Figures in Rs. Cr 11
Slide 12: Financial Trend
GUJARAT FLUOROCHEMICA\ Financial Trend
Slide 13: Annual Revenue, EBIDTA and PAT Trend
Annual Revenue, EBIDTA and PAT Trend 3954 1,400 60% 4000 1,198 3500 1,200 3000 2606 2651 1954 1,000 2500 2000 1302 800 40% 1344 638 1500 600 553 30% 1000 2000 24% 1349 400 21% 500 1262 0 200 20% FY 20 FY 21 FY 22 FY 20 FY 21 FY 22 Domestic Revenue Export Revenue EBIDTA EBIDTA % 900 775 800 45% 700 6
Slide 14: RoCE-RoE, Debt-Equity & Working Capital Trend
RoCE-RoE , Debt-Equity & Working Capital Trend RoCE RoE 40.00% 35.30% 35.00% 35.00% 30.00% 27.70% 30.00% 24.46% 25.00% 20.10% 25.00% 20.00% 20.00% 15.00% 11.92% 15.00% 9.87% 10.00% 10.00% 5.00% 5.00% 0.00% 0.00% FY 21 FY 22 Q1FY23 FY 21 FY 22 Q1FY23 Net Debt Equity Ratio Working Capital Days 0.40 20
Slide 15: Capex Plan
Capex Plan FY 2024 FY 2023 Rs. 1000 Cr Rs 1150 Cr FY 2022 Rs 660 Cr GFL is currently investing / has planned capex towards expanding its capacities for Bulk & Specialty Chemicals, Fluoropolymers and New Age Products. 15
Slide 16: INOXGFL, Group Company
20 INOYGEL, Group Company 1 16
Slide 17: INOX GFL Group
INOX GFL GROUP The Inox GFL Group with a legacy of more than 90 years is one of the largest business Group’s 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 ent
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 FLUOROPOLYMERS Three manufacturing facilities in India, Fluorspar mine in Morocco, offices a
Slide 19: Bulk Chemicals Vertical
Bulk Chemicals Vertical PRODUCTS CAUSTIC SODA CHLOROFORM METHYLENE DI REFRIGERANTS CTC CHLORIDE APPLICATIONS • Textiles • Feedstock for • Pharma API • Air-conditioners • Pesticides • Soaps & Detergents Refrigerant Gas R-22 • Foam manufacturing • Agricultural Chemicals • Alumina • Solvent - Pharma •
Slide 20: 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 21: Specialty Chemicals Vertical
Specialty Chemicals Vertical PRODUCTS HF BASED TFE BASED KF BASED APPLICATIONS • Agrochemical majorly Insecticides, • Pharmaceutical Intermediates, • Pharmaceutical Intermediates, Herbicides & Fungicides • Agrochemical Pesticide & • Agrochemical Pesticide & • Plant Growth Regulators Intermediates In
Slide 22: New Age Industry Vertical
New Age Industry Vertical APPLICATIONS ELECTRIC VEHICLES SOLAR PANELS HYDROGEN FUEL CELLS / ELECTROLYZERS PRODUCTS • PVDF Electrode Binders • PVDF Films • 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 casings ➢ Battery demand 2030 for EVs, energy storage and consumer electronics is estimated at 2633 GWH
Slide 24: New Age Vertical-Solar Panels
New Age Vertical-Solar Panels APPLICATIONS SOLAR PANELS PRODUCTS • PVDF Films • 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 27
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 28
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, with state of the art equipment including application developm
Slide 31: 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 32: 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 33: 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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