Gujarat Fluorochemicals Ltd. · NSE:FLUOROCHEM
Gujarat Fluorochemicals — Q3 FY2022 Earnings Presentation
35 slides from Gujarat Fluorochemicals's earnings presentation, Jan 28, 2022
Slide 1: Gujarat Fluorochemicals Limited Investor Presentation Q3FY22
28-01-2022 Gujarat Fluorochemicals Limited Investor Presentation Q3FY22 28 Jan 2022
Slide 2: Q3FY22 Earnings Update, Financial Trend, Overview, Core Competencies
Q3FY22 Earnings Update Financial Trend Overview Core Competencies 2
Slide 3: Financial Performance Q3FY22 – Earnings Update
Financial Performance Q3FY22 – Earnings Update 3
Slide 4: Q3FY22 Highlights
Q3FY22 Highlights ➢ Consolidated revenues for the quarter were at Rs. 1007 Cr up by 59% on a YoY basis. ➢ Consolidated EBIDTA for the quarter was at Rs. 319 Cr up by 125% on a YoY basis. ➢ The EBIDTA margins for the quarter were 32% as compared to 22% for Q3FY21. ➢ Consolidated PAT for the quarter w
Slide 5: Consolidated Revenue
Consolidated Revenue 1,007 1,007 964 4% 634 59% Q2FY22 Q3FY22 Q3FY21 Q3FY22 Figures in Rs. Cr 5
Slide 6: Consolidated EBITDA & EBIDTA Margin
Consolidated EBITDA & EBIDTA Margin 32% 32% 31% 319 319 296 22% 142 8% 125% Q2FY22 Q3FY22 Q3FY21 Q3FY22 EBIDTA EBIDTA % EBITDA EBITDA % Figures in Rs. Cr 6
Slide 7: Consolidated PAT & PAT Margin
Consolidated PAT & PAT Margin 21% 20% 20% 205 201 16% 201 19 2 2 102 7% 199 95% 199 186 102 Q2FY22 Q3FY22 Q3FY21 Q3FY22 PAT Gain on Sale of Investment Property PAT % PAT Gain on Sale of Investment Property PAT % Figures in Rs. Cr 7
Slide 8: Business Vertical – Bulk Chemicals
Business Vertical – Bulk Chemicals Caustic Soda Chloromethanes Refrigerants 393 Caustic Soda Chloromethanes Refrigerants 316 69 92 24 % Plants are currently running at full Plants are running at full Volumes and Prices have 146 capacity. capacity. declined during the quarter 122 on account of season
Slide 9: Business Vertical – Fluoropolymer (PTFE)
Business Vertical – Fluoropolymer(PTFE) 386 360 Fluoropolymer(PTFE) 7% Plants are running at full capacity. Demand is robust across all geographies. Q2FY22 Q3FY22 Revenue 386 Prices have moved up due to rising demand and cost push. Demand expected to remain robust for the next several quarters. 215
Slide 10: New Fluoropolymers
…New Fluoropolymers 187 New Fluoropolymer 156 Capacities are in place for all 6 new fluoropolymers (FKM, PFA, FEP, PVDF, PPA, 17% and Micro Powders). Capacity utilization in Q3FY22 is around 55% majorly on account of limited availability of R142b. Various grades under each polymer have already been
Slide 11: Business Vertical – Specialty Chemical
Business Vertical – Specialty Chemical 35% 75 49 Specialty Chemical 11 products have been fully commercialized. Production & sales during Q3 FY 22 majorly impacted due to fire at Ranjit Nagar Revenue Q2FY22 Q3FY22 plant. 87 3 new plants for manufacturing of 8 additional products are expected to be c
Slide 12: Financial Trends
Financial Trends GUJARAT FLUOROCHEMICA\ 12
Slide 13: Revenue, EBIDTA and PAT Trend
Revenue, EBIDTA and PAT Trend 3000 2883 1,000 80% 2606 2651 870 900 70% 2500 1411 800 60% 2000 1344 1302 700 638 50% 553 EBIDTA 1500 600 30% 40% Export 500 24% 30% EBIDTA % 21% 1000 1472 Domestic 400 20% 1262 1349 500 300 10% 0 200 0% FY 20 FY 21 9M FY 22 FY 20 FY 21 9M FY 22 Revenue EBIDTA 700 600
Slide 14: RoCE, RoE and Debt Equity Trend
RoCE, RoE and Debt Equity Trend RoCE RoE 30.00% 25.00% 24.06% 19.77% 25.00% 20.00% 20.00% 11.92% 15.00% 15.00% 10.42% 9.91% 10.00% 10.00% 5.00% 5.00% 2.34% 0.00% 0.00% FY 20 FY 21 *9M FY 22 FY 20 FY 21 *9M FY 22 RoCE RoE Net Debt Equity Ratio 0.38 0.40 0.33 0.30 0.28 0.20 0.10 FY 20 FY 21 9M FY 22 N
Slide 15: GFL Overview
GFLOverview — aisitreEees
Slide 16: INOX GFL Group
INOX GFL GROUP The Inox Group, established more than 90 years ago, is a well-regarded USD multi Billion group with diversified presence. The Inox GFL group has 2 major business verticals, Chemicals and the Renewable Energy . Chemical Business Renewable Energy Business • Gujarat Fluorochemicals Ltd,
Slide 17: 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 18: Core Competencies
Core Competencies Integrated Plant Operations Manufacturing Capabilities Global Presence 18
Slide 19: 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. R142b has now been commercialised. * Proposed 19
Slide 20: 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 21: 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 22: Fluoropolymers – Global Market
Fluoropolymers – Global Market ➢ Fluoropolymers ➢ Global fluoropolymers market is currently estimated at around 320,000 tons per year. ➢ China has the largest capacity. ➢ PTFE ➢ Global PTFE market is estimated at 175,000 tons per year, growing at a CAGR of 4-5% annually. ➢ China is a largest produce
Slide 23: 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 24: 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 25: 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 26: 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 27: 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
Slide 28: 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 29: Capex Plan
Capex Plan FY 2024 Rs. 1000 Cr FY 2023 Rs 900 Cr FY 2022 Rs 600 Cr GFL is currently investing / has planned capex towards expanding its capacities for Bulk & Specialty Chemicals, Fluoropolymers and New Age Products. 29
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: Sustainability Awards & Certification
Sustainability Awards & Certification CERTIFICATIONS ISO 14001 : 2015 Health – Safety - Environment ISO 9001 : 2015 ISO 4501 : 2018 ISO 37001 : 2016 Ethics ISO / IEC 27001 : 2013 OVERALL SCORE(2021) We have aligned all our Internal & Supply Gujarat Fluorochemicals Ltd (Group) is in the top 7% of cha
Slide 33: GFL – Way Forward
GFL – Way Forward ➢ We believe that company should see a significant revenue growth and profitability improvement owing to the following ➢ Expansions : we have / are in the process of augmenting existing as well as adding new capacities in new Fluoropolymers and Specialty Chemicals which are yet to
Slide 34: For further queries
For further queries: Vibhu Agarwal Head Investor Relations Email: vibhu.agarwal@gfl.co.in Manoj Agrawal Chief Financial Officer Email: manojagrawal@gfl.co.in Bhavin Desai Company Secretary Email: bvdesai@gfl.co.in 34
Slide 35: Forward looking statements disclaimer
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, results of opera
Gujarat Fluorochemicals — Q3 FY2022 Earnings Presentation on 6ix