Deepak Fertilisers And Petrochemicals Corporation Ltd. · NSE:DEEPAKFERT
Deepak Fertilisers And Petrochemicals — Q4 FY2021 Earnings Presentation
17 slides from Deepak Fertilisers And Petrochemicals's earnings presentation, May 30, 2021
Slide 1: Exchange filing cover letter
30th May, 2021 The Secretary Listing Department BSE Limited National Stock Exchange of India Ltd. Phiroze Jeejeebhoy Towers, “Exchange Plaza”, Dalal Street, Fort, Bandra-Kurla Complex, Bandra (E) Mumbai – 400 001 Mumbai – 400 051 BSE Code: 500645 NSE Code: DEEPAKFERT Subject: Earnings Presentation f
Slide 2: Earnings Presentation Q4 and FY2021
ONE OF INDIA’S LEADING PRODUCERS OF INDUSTRIAL Earnings Presentation CHEMICALS AND FERTILISERS Q4 and FY2021 30 May 2021 MINING CHEMICALS INDUSTRIAL CHEMICALS CROP NUTRITION www.dfpcl.com (BSE: 500645; NSE: DEEPAKFERT)
Slide 3: Q4 FY21 and FY21 Financial Highlights
Investment Case Q4 FY21 and FY21 Financial Highlights FY21 Historic Best Year For DFPCL With High Growth Trajectory In Place (Rs. Cr) Q4FY21 Q4FY20 Y-o-Y Q3FY21 Q-o-Q FY21 FY20 Y-o-Y Inspite of Covid disruption, growth growth growth achieved BEST EVER Operating Revenue 1,575 1,293 21.8% 1,447 8.8% 5
Slide 4: Cash Flow Generation
Investment Case Cash Flow Generation Better Working Capital Management And Profits Generated Rs. 1,248 Cr Of Cash Flows; Reduced Borrowings And Increase Liquid Investments Rs. Cr FY20 FY21 Cash Flow from Operations Cash Flow from Operations 578 1,248 Capex (365) (234) 1,310 1,248 Change in Borrowing
Slide 5: Balance Sheet
Investment Case Balance Sheet Net Debt Reduced By Rs 840 Crore and Net Debt / EBITDA Down To 1.91x (Rs. CR) Mar-20 Mar-21 Change Mar-20 Mar-21 Change ST Debt 719 110 (85)% Net Debt/Equity (x) 1.20 0.65 ▼ 46% LT Debt 2,084 2,187 5% Current Maturities 124 217 75% Net Debt/EBIDTA (x) 5.74 1.91 ▼ 67% To
Slide 6: Chemicals Business Review: Quarterly Performance Trend
Chemicals Business Review Quarterly Performance Trend Improved performance in all the key products Revenues (Rs. Cr) • Q4 FY21 Revenues increased by 15% to Rs. 870 crores; Margins increased from 13% to 27% • Dahej delivered a strong quarter with 100% capacity utilization. 870 Q4 CNA sales volumes in
Slide 7: Fertilisers Business Review: Quarterly Performance Trend
Fertilisers Business Review Quarterly Performance Trend Consistent Growth In Revenues, Volume Growth Of 32.8% And Sixth Consecutive Quarter Of Profitability • Q4 FY21 Revenues grew by 32% to Rs. 702 Cr; Segment Margins of 5% Revenues (Rs. Cr) • Sixth consecutive quarter of profitability in Fertilise
Slide 8: Financial Track Record
Investment Case Financial Track Record Strategic plans and attractive end market dynamics to drive future growth and profitability Operating Revenue (Rs. Cr) EBITDA (Rs. Cr) EBITDA Margin (%) 955 16% 6,742 6,062 5,808 4,685 545 9% 10% 459 464 7% FY18 FY19 FY20 * FY21 FY18 FY19 FY20 FY21 FY18 FY19 FY
Slide 9: Segment Product Volumes
Investment Case Segment Product Volumes Despite pandemic related challenges, improved operational and marketing strategy drive profitability Chemicals Y-o-Y Q-o-Q Y-o-Y Q4 FY21 Q4 FY20 Q3 FY21 FY21 FY20 (Volumes MT 00 ) growth growth growth Nitric Acid 697 492 41.5% 588 18.5% 2,252 2,337 (3.6)% IPA
Slide 10: Shareholding Disclosure – 15.3% of Shares Pledged
Investment Case Shareholding Disclosure – 15.3 % of Shares Pledged Only 8.7 million shares pledged out of total 57.3 million shares held by promoters – 15.3% of promoter holding Total No. of Shares Promoters Type % Holding Shares Pledged 89,284,425 Shares 102,677,088 Shares Mr. C. K. Mehta No Pledge
Slide 11: Ammonia Plant (Taloja) - Status
Strategic Plans Ammonia Plant (Taloja) - Status Project cost per tonne of ammonia (~Rs. 85,300 / MT) is in line with similar capacity ammonia projects globally Location Capacity Ammonia Site Developments Taloja (Maharashtra) 510 KTPA Expected Mechanical Completion Q4 FY23 Ammonia - Capex Phasing (Rs
Slide 12: Ammonia Plant (Taloja) - Strategic Rationale
Strategic Plans Ammonia Plant (Taloja) - Strategic Rationale In addition to greater margin stability for the group, logistics savings of $75-90/MT for downstream products Ammonia FOB ($/MT) 900 High Low Average 800 Last 15 Years 723 176 372 700 Last 10 Years 705 176 381 600 Last 7 Years 608 176 319
Slide 13: TAN Plant (East Coast)
Strategic Plans TAN Plant (East Coast) Soil Load Testing at TAN Gopalpur Site Location Capacity Gopalpur (Odisha) 377 KTPA Expected Completion Q4 FY24 Strategic location provides just-in-time delivery and response to customer needs Supply-Demand Gap to Double in 5 Years (MTPA) • Taloja plant insuffi
Slide 14: Platform for Sustainable Growth
Investment Case Platform for Sustainable Growth Fundamental Industry Dynamics Along With Government Of India Policies And Budgets Drive Future Growth Strategic Outlook • Global Specialty chemical intermediates value chains shifting from China to India boosting Nitric Acid demand and prices in India
Slide 15: Product Market Positioning
Investment Case Product Market Positioning Maintained Leadership Position And Market Shares Across Product Offerings TAN CNA IPA CNB# 42% 71% 65% 19% Only manufacturer of High Efficiency Fertiliser (NPK Complex & Bensulf) Market leader in specialty and water- soluble fertilisers in India Largest pro
Slide 16: Key Messages
Investment Case Key Messages DFPCL caters to strategic sectors of the Indian economy, which enabled the Company to deliver during a difficult year … • FY21 Revenue growth +24%, EBITDA doubled and Net Profit > 4.6x • Profitable growth across all business units with Chemicals 81% of operating profits
Slide 17: Safe Harbour
Safe Harbour: This presentation contains statements that contain “forward looking statements” including, but without limitation, statements relating to the implementation of strategic initiatives, and other statements relating Deepak Fertilisers and Petrochemicals Corporation limited’s (DFPCL) futur
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