Dcm Shriram Limited · NSE:DCMSHRIRAM
Dcm Shriram — DCM Shriram Consolidated — Q3 FY2011 Earnings Presentation
28 slides from Dcm Shriram's earnings presentation, Feb 1, 2011
Slide 1: DCM Shriram Consolidated Limited Results Presentation Q3 & 9M FY2011
DCM SHRIRAM CONSOLIDATED LIMITED Results Presentation Q3 & 9M FY2011 1 February 2011
Slide 2: Safe Harbour
Safe Harbour Certain statements in this document may be forward-looking statements. Such forward-looking statements are subject to certain risks and uncertainties like government actions, local political or economic developments, technological risks, and many other factors that could cause our actua
Slide 3: Table of Content
Table of Content Title Slide No. Q3 FY11 Consolidated Financials - Key Highlights 4 Q3 FY11- Segment Performance 5 Q3 FY11 Performance Overview 6-7 9M FY11-Consolidated Financials - Key Highlights 8 9M FY11- Segment Performance 9 9M FY11 Performance Overview 10-11 Outlook & Perspectives 12 Managemen
Slide 4: Q3 FY11 Consolidated Financials – Key Highlights
Q3 FY11 Consolidated Financials – Key Highlights Particulars (` Cr) Q3 FY2011 Q3 FY2010 % YOY Net Revenue 977.2 854.0 14.4 EBIDTA 44.3 97.3 (54.4) Depreciation 40.4 41.5 (2.7) PBIT 4.0 55.8 (92.9) Interest 13.9 18.1 (23.2) PBT (10.0) 44.1 -- PAT (4.4) 24.7 -- Key Highlights a) Revenue growth led by
Slide 5: Q3 FY11 Segment Performance
Q3 FY11- Segment Performance Revenues* PBIT* PBIT Margins (%) Segments Q3 FY11 Q3 FY10 %YOY Q3 FY11 Q3 FY10 %YOY Q3 FY11 Q3 FY10 Agri Input 330.6 217.0 52.3 7.7 4.8 61.7 2.3 2.2 - Fertilizers 116.3 112.2 3.7 7.9 9.8 (19.2) 6.8 8.8 - Farm solutions 179.9 84.5 113.0 6.4 3.6 75.5 3.5 4.3 - Bioseed 34.4
Slide 6: Q3 FY11 – Performance Overview
Q3 FY11 – Performance Overview 1. Net Revenues higher by 14.4% at ` 977.2 Crore compared to ` 854.0 Crore : a) Farm solutions: Revenues up by ` 95.5 Crore led by: DAP sales of ` 63.7 Crore (Last year: Nil) 37.6% growth in sales of Farm Inputs b) Bioseed: Revenues increased by 68.6 % to ` 34.4 Cr
Slide 7: Q3 FY11 – Performance Overview
Q3 FY11 – Performance Overview 2. PBIT for the quarter stood at ` 4.0 Crore: a) Farm Solutions: Farm solutions registered higher PBIT due to high volume growth in Value added inputs b) Bioseed: It is a seasonal business. Therefore, the results of a quarter do not represent yearly results. However, w
Slide 8: 9M FY11 Consolidated Financials – Key Highlights
9M FY11 Consolidated Financials – Key Highlights Particulars (` Cr) 9M FY2011 9M FY2010 % YOY Net Revenue 3,045.0 2,648.2 15.0 EBIDTA 103.5 294.1 (64.8) Depreciation 120.4 121.2 (0.7) PBIT (16.9) 172.8 - Interest 47.3 70.9 (33.3) PBT (64.2) 108.4 -- PAT (42.8) 69.0 -- Key Highlights a) Revenues grow
Slide 9: 9M FY11 Segment Performance
9M FY11 Segment Performance Revenues* PBIT* PBIT Margins (%) Segments 9M FY11 9M FY10 %YOY 9M FY11 9M FY10 %YOY 9M FY11 9M FY10 Agri Input 1,292.3 813.8 58.8 77.2 51.7 49.5 6.0 6.3 - Fertilizers 346.0 346.9 (0.3) 30.1 29.0 3.7 8.7 8.4 - Farm solutions 768.0 343.1 123.8 31.7 15.2 108.7 4.1 4.4 - Bios
Slide 10: 9M FY11 - Performance Overview
9M FY11 - Performance Overview 1. Net Revenues higher by 15.0% at ` 3,045.0 Crore compared to ` 2,648.2 Crore : a) Farm solutions: Revenues higher by 123.8% at ` 768.0 Crore on the back of DAP, MOP sales (` 314.3 Crore as against Nil last year) along with higher SSP and Pesticides revenues b) Biosee
Slide 11: 9M FY11 - Performance Overview
9M FY11 - Performance Overview 2. PBIT for the nine month period stood at ` (16.9) Crore a) Farm Solutions: PBIT improved by 108.7% at ` 31.8 Crore on back of high volume growth of value added inputs b) Bioseed: Increase of 107.3% at ` 15.3 Crore driven essentially by growth across geographies and s
Slide 12: Outlook & Perspectives
Outlook & Perspectives Fertilizers (Urea):– This business remains a stable cash generating operation. Early finalization of new Urea policy will help the business Farm Solutions: Growth trend expected to continue Bioseed: Expect high growth trend to continue subject to normal weather condition
Slide 13: Management’s Message
Management’s Message Commenting on the performance for the quarter, in a joint statement, Mr. Ajay Shriram, Chairman & Senior Managing Director, and Mr. Vikram Shriram, Vice Chairman & Managing Director, said: “Operationally, all our businesses delivered better performance in Q3 FY11. In Chloro-Viny
Slide 14: Segmental Overview
Segmental Overview • Chlor – Alkali • PVC Resin and Compounds Chloro- Vinyl Businesses • Calcium carbide • Power • Agri- Inputs – Fertilizers – Farm Solutions Agri Businesses – Bioseeds • Sugar Hariyali Kisaan Bazaar Fenesta Building Systems Cement Textile DSCL Investor Presentation – Q3 & 9M FY2011
Slide 15: Chloro-Vinyl Business
CHLORO-VINYL BUSINESS The Chloro-Vinyl business of the Company has a highly integrated operation with multiple revenue streams and economical captive power generation facilities. Chloro- Vinyl operations are at two locations (Kota – Rajasthan and Bharuch – Gujarat) with full captive coal based power
Slide 16: Chlor-Alkali
Chlor-Alkali Operational Financial Sales Realizations Revenues PBIT Particulars (MT) (`/MT) (` Cr.) (` Cr.) Q3 FY2011 59,712 18,224 116.0 21.1 Q3 FY2010 40,486 13,883 64.8 (0.2) % Shift 47.5 31.3 79.2 -- 9M FY2011 143,970 17,651 277.9 38.2 9M FY2010 128,475 16,320 248.3 27.4 % Shift 12.1 8.2 11.9 39
Slide 17: Plastics
Plastics Operational Financials PVC PVC XWR Carbide Carbide XWR Revenues PBIT Particulars Sales Realizations Sales Realizations (` Cr) (` Cr) (MT) (`/MT) (MT) (`/MT) Q3 FY2011 12,845 51,353 9,664 35,766 103.8 0.1 Q3 FY2010 3,084 50,710 4,910 33,909 38.3 0.4 % Shift 316.5 1.3 96.8 5.5 170.7 -89.2 9M
Slide 18: Power
Power Particulars Revenues (` Cr.) PBIT (` Cr.) Q3 FY2011 0.1 (0.0) Q3 FY2010 78.2 41.6 % Shift -- -- 9M FY2011 82.6 42.3 9M FY2010 213.3 117.4 % Shift -61.3 -64.0 a) This quarter witnessed a significant dip in Power realizations making Power sales unviable b) As the net payback per unit of power fr
Slide 19: Agri-Input Business
AGRI- INPUT BUSINESS The Agri input business contributed to 33% of the total revenues of the Company. The Company continues to focus on these businesses given the huge opportunity in this area where the Company can capitalize on its long standing understanding of varied Agri businesses and the rural
Slide 20: Fertilizers (Urea)
Fertilizers (Urea) Operational Financial Sales Realizations Revenues PBIT Particulars (MT) (`/MT) (` Cr.) (` Cr.) Q3 FY2011 97,252 11,901 116.3 7.9 Q3 FY2010 96,441 11,649 112.2 9.8 % Shift 0.8 2.2 3.7 (19.2) 9M FY2011 300,495 11,661 346.0 30.1 9M FY2010 277,520 12,165 346.9 29.0 % Shift 8.3 (4.1) (
Slide 21: Farm Solutions
Farm Solutions Particulars Revenues (` Cr.) PBIT (` Cr.) Q3 FY2011 179.9 6.4 Q3 FY2010 84.5 3.6 % Shift 113.0 75.5 9M FY2011 768.0 31.8 9M FY2010 343.1 15.2 % Shift 123.8 108.7 a) The portfolio comprise of fertilizers (DAP, MOP, SSP) along with value-added products such as pesticides, soluble fertil
Slide 22: Bioseed
Bioseed Particulars Revenues (` Cr.) PBIT (` Cr.) Q3 FY2011 34.4 (6.6) Q3 FY2010 20.4 (8.7) % Shift 68.6 -- 9M FY2011 178.2 15.3 9M FY2010 123.8 7.4 % Shift 44.0 107.3 a) Bioseed is DSCL’s hybrid seed business with mandated crops- Cotton, Paddy, Corn, Vegetables and Bajra b) The business includes re
Slide 23: Sugar
Sugar Operational Financial Sales (Lac Qtl) Realizations (`/Qtl) Revenues PBIT Particulars (` Cr.) (` Cr.) Free Sugar Levy Sugar Free Sugar Levy Sugar Q3 FY2011 3.28 0.59 2,793 1,809 121.3 16.0 Q3 FY2010 3.57 0.09 3,079 1,332 136.2 36.9 % Shift (7.9) 520.6 (9.3) 35.8 (10.9) (56.6) 9M FY2011 11.18 1.
Slide 24: Hariyali Kisaan Bazaar
Hariyali Kisaan Bazaar Particulars Revenues (` Cr.) PBIT (` Cr.) Q3 FY2011 223.3 (17.5) Q3 FY2010 216.3 (21.9) % Shift 3.3 -- 9M FY2011 562.7 (64.1) 9M FY2010 471.5 (59.4) % Shift 19.3 -- a) This business continues to evolve as a ‘Rural Business Centre’, symbolizing trust, reliability and respect am
Slide 25: Fenesta Building Systems
Fenesta Building Systems Operational Financial Revenues Particulars Order Book (` Cr.) Q3 FY2011 62,644 28.6 Q3 FY2010 28,437 24.5 % Shift 120.3 16.9 9M FY2011 246,646 92.9 9M FY2010 172,130 73.7 % Shift 43.3 25.9 a) Fenesta with its diverse product line is regarded as a brand and product leader on
Slide 26: Cement
Cement Operational Financial Sales Realizations Revenues PBIT Particulars (MT) (`/MT) (` Cr.) (` Cr.) Q3 FY2011 88,922 2,289 26.0 2.7 Q3 FY2010 98,115 2,867 36.3 13.0 % Shift (9.4) (20.2) (28.2) (79.0) 9M FY2011 258,314 2,525 83.7 8.9 9M FY2010 264,274 2,924 99.8 28.4 % Shift (2.3) (13.7) (16.1) (68
Slide 27: Other Businesses
OTHER BUSINESSES DSCL’s other operations, reported as ‘others’ in the financial results, include its value- added businesses of Polymer Compounding, Fenesta Building Systems along with Textiles. Revenues under ‘others’ registered stood at ` 81.0 Crore in the quarter under review compared to ` 78.7 C
Slide 28: About Us
About Us DSCL is an integrated business entity, with extensive and growing presence across the entire Agri-rural value chain and Chloro-Vinyl industry. The Company has added innovative value- added businesses in these domains. With a large base of captive power produced at a competitive cost, the Co
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