Gfl Ltd · NSE:GFLLIMITED

Gfl — Gujarat Fluorochemicals — Q3 FY16 Earnings Presentation

27 slides from Gfl's earnings presentation, February 2016

  1. Slide 1: Quarterly Investor Update Q3 & 9M FY16

    GUJARAT FLUOROCHEMICALS LIMITED QUARTERLY INVESTOR UPDATE Q3 & 9M FY16

  2. Slide 2: Disclaimer

    DISCLAIMER This presentation and the following discussion may contain “forward looking statements” by Gujarat Fluorochemicals 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, result

  3. Slide 3: Discussion Summary

    DISCUSSION SUMMARY  Q3 & 9M FY16 RESULTS HIGHLIGHTS  CONSOLIDATED RESULTS  CHEMICALS BUSINESS  WIND TURBINE MANUFACTURING BUSINESS  WIND FARMING BUSINESS  FILM EXHIBITION BUSINESS  SHAREHOLDING STRUCTURE  FINANCIAL SUMMARY  BUSINESS STRATEGY & OUTLOOK  ANNEXURE 3

  4. Slide 4: Consolidated Results

    Q3 & 9M FY16 – RESULTS HIGHLIGHTS CONSOLIDATED RESULTS Q3 FY16 YoY ANALYSIS REVENUES* EBITDA ** & EBITDA MARGIN PAT & PAT MARGIN 18.5% 18.0% 16,209.8 16,082.1 6.6% 4.3% 3,002.5 2,899.0 1,070.0 1% 3% 36 % 683.9 Q3 FY15 Q3 FY16 Q3 FY15 Q3 FY16 Q3 FY15 Q3 FY16 EBIDTA EBIDTA % PAT PAT % 9M FY16 YoY ANAL

  5. Slide 5: Consolidated Revenues Breakup

    Q3 & 9M FY16 – RESULTS HIGHLIGHTS CONSOLIDATED REVENUES BREAKUP CONSOLIDATED REVENUES – BUSINESS WISE BREAKUP 16,209.8 16,082.1 48,162.9 3,007.6 3,417.1 10,457.7 37,876.1 265.9 14 % 320.6 31 % 1,399.5 7,990.6 1,541.2 21 % 9% 9,323.9 25,854.9 9,414.4 17,798.9 1% 45 % 3,323.1 8% 9,735.2 1% 9,860.1 3,0

  6. Slide 6: Consolidated EBITDA Breakup

    Q3 & 9M FY16 – RESULTS HIGHLIGHTS CONSOLIDATED EBITDA BREAKUP CONSOLIDATED EBITDA – BUSINESS WISE BREAKUP 3,002.5 2,899.0 8,940.0 463.1 528.3 7,543.8 1,748.6 229.7 14 % 1,122.6 56 % 250.1 1,187.5 1,434.7 9% 17 % 1,530.7 1,545.3 3,779.2 2,870.6 1% 32 % 766.3 17 % 636.6 2,146.7 2% 2,187.8 Q3 FY15 Q3 F

  7. Slide 7: Consolidated PAT Breakup

    Q3 & 9M FY16 – RESULTS HIGHLIGHTS CONSOLIDATED PAT BREAKUP CONSOLIDATED PAT – BUSINESS WISE BREAKUP 1,070.0 9% 683.9 155 % 2,465.3 143.0 156.0 2,575.6 613.7 202 % 241.0 152 % 264.0 1,005.7 1,030.0 36 % 2,426.3 2% 1,785.4 22 % 10 % 822.2 740.5 272.6 211.8 -63.2 -190.7 -138.0 Q3 FY15 Q3 FY16 9M FY15 9

  8. Slide 8: Chemicals Business Standalone Results

    Q3 & 9M FY16 – RESULTS HIGHLIGHTS CHEMICALS BUSINESS STANDALONE RESULTS Q3 FY16 YoY ANALYSIS REVENUES* EBITDA ** & EBITDA MARGIN PAT & PAT MARGIN 23.1% 20.8% 8.2% 6.9% 3,323.1 3,063.9 766.3 272.6 636.6 211.8 8% 17 % 22 % Q3 FY15 Q3 FY16 Q3 FY15 Q3 FY16 Q3 FY15 Q3 FY16 EBIDTA EBIDTA % PAT PAT % 9M FY

  9. Slide 9: Chemicals Business - Revenues Breakup

    Q3 & 9M FY16 – RESULTS HIGHLIGHTS CHEMICALS BUSINESS - STANDALONE RESULTS Q3 FY16 YoY ANALYSIS - REVENUES BREAKUP 9M FY16 YoY ANALYSIS - REVENUES BREAKUP 9,735.2 9,860.1 3,323.1 177.3 3,063.9 591.0 829.8 292.7 65 % 40 % 1,240.5 3,826.6 3,053.4 977.2 21 % 20 % 46 % 2,000.9 675.2 31 % 465.7 1,370.6 6%

  10. Slide 10: Chemicals Business - Sales Volume Breakup

    Q3 & 9M FY16 – RESULTS HIGHLIGHTS CHEMICALS BUSINESS - STANDALONE RESULTS Q3 FY16 YoY ANALYSIS - SALES VOLUME BREAKUP (MT) 9M FY16 YoY ANALYSIS - SALES VOLUME BREAKUP (MT) 17,604 82,991 48,160 27,942 77,950 45,068 25,076 14,133 11 % 25 % 6% 7% Q3 FY15 Q3 FY16 Q3 FY15 Q3 FY16 9M FY15 9M FY16 9M FY15

  11. Slide 11: Chemicals Business - Price Trend

    Q3 & 9M FY16 – RESULTS HIGHLIGHTS CHEMICALS BUSINESS - STANDALONE RESULTS Q3 FY16 YoY ANALYSIS - PRICE TREND (RS PER MT) 9M FY16 YoY ANALYSIS - PRICE TREND (RS PER MT) 24,548 24,530 25,044 48,525 45,152 21,706 39,400 36,492 13 % 25 % 2% 13 % Q3 FY15 Q3 FY16 Q3 FY15 Q3 FY16 9M FY15 9M FY16 9M FY15 9M

  12. Slide 12: Chemicals Business - Key Raw Materials Price Trend

    Q3 & 9M FY16 – RESULTS HIGHLIGHTS CHEMICALS BUSINESS - STANDALONE RESULTS Q3 FY16 - KEY RAW MATERIALS PRICE TREND 9M FY16 - KEY RAW MATERIALS PRICE TREND 1,501 24,522 1,464 24,869 1,199 20,321 1,107 18,489 26 % 25 % 18 % 18 % Q3 FY15 Q3 FY16 Q3 FY15 Q3 FY16 9M FY15 9M FY16 9M FY15 9M FY16 Salt (Rs/M

  13. Slide 13: Wind Turbine Manufacturing Business (Inox Wind Limited)

    Q3 & 9M FY16 – RESULTS HIGHLIGHTS WIND TURBINE MANUFACTURING BUSINESS (INOX WIND LIMITED) Q3 FY16 YoY ANALYSIS REVENUES* EBITDA** AND EBITDA MARGIN PAT AND PAT MARGIN 16.4% 16.4% 10.8% 10.9% 9,323.9 9,414.4 1,530.7 1,545.3 1,005.7 1,030.0 1% 1% 2% Q3 FY15 Q3 FY16 Q3 FY15 Q3 FY16 Q3 FY15 Q3 FY16 EBID

  14. Slide 14: Wind Farming Business (Inox Renewables Limited)

    Q3 & 9M FY16 – RESULTS HIGHLIGHTS WIND FARMING BUSINESS (INOX RENEWABLES LIMITED) Q3 FY16 YoY ANALYSIS REVENUES* EBITDA** & EBITDA MARGIN PAT & PAT MARGIN 320.6 86.4% 78.0% -23.8% 265.9 -59.5% 229.7 250.1 202 % 21 % 9% -63.2 -190.7 Q3 FY15 Q3 FY16 Q3 FY15 Q3 FY16 Q3 FY15 Q3 FY16 EBIDTA EBIDTA % PAT

  15. Slide 15: Film Exhibition Business (Inox Leisure Limited)

    Q3 & 9M FY16 – RESULTS HIGHLIGHTS FILM EXHIBITION BUSINESS (INOX LEISURE LIMITED) Q3 FY16 YoY ANALYSIS REVENUES* EBITDA ** and EBITDA MARGIN PAT and PAT MARGIN 3,417.1 15.4% 15.5% 4.8% 4.6% 3,007.6 528.3 463.1 143.0 156.0 14 % 14 % 9% Q3 FY15 Q3 FY16 Q3 FY15 Q3 FY16 Q3 FY15 Q3 FY16 EBIDTA EBIDTA % P

  16. Slide 16: Business Strategy & Outlook

    BUSINESS STRATEGY & OUTLOOK MINIMAL CAPEX OVER NEXT THREE YEARS  Major capex for expansion of PTFE capacity to 16,200 MT and corresponding increases in capacities across the entire value chain already incurred  Significant growth going forward coming from improved capacity utilisation, sales reali

  17. Slide 17: Business Strategy & Outlook

    BUSINESS STRATEGY & OUTLOOK FOCUS ON NEW FLUOROPOLYMERS  New value added Speciality Fluoropolymers being added, including FEP/FPA/direct polymerized micropowders / bimodal dispersions  Samples of these already produced and presently under trials by end users  Our capacity / supply would be less t

  18. Slide 18: Shareholding Structure

    SHAREHOLDING STRUCTURE Share Price Performance Market Data As on 08.02.16 (BSE) 800 Market capitalization (Rs Mn) 52,244.7 600 Price (Rs.) 475.6 400 No. of shares outstanding (Mn) 109.9 200 Face Value (Rs.) 1.0 52 week High-Low (Rs.) 807.0 – 430.0 % Shareholding – December 2015 Key Institutional Inv

  19. Slide 19: Financial Summary - Standalone Financials, Chemicals Business

    FINANCIAL SUMMARY – LAST 5 YEARS STANDALONE FINANCIALS – CHEMICALS BUSINESS REVENUES * EBITDA & EBITDA MARGIN PAT & PAT MARGIN CAGR: 15.1 % CAGR: 28.2 % CAGR: 14.1 % 28.9% 13,210 20.6% 26.2% 17.4% 17.0% 21.4% 18.1% 19.8% 11,929 11,544 11,409 5.2% 6.5% 7,804 3,120 2,823 3,824 1,608 2,004 1,944 2,358

  20. Slide 20: Financial Summary - Consolidated Financials

    FINANCIAL SUMMARY – LAST 5 YEARS CONSOLIDATED FINANCIALS REVENUES * EBITDA & EBITDA MARGIN PAT & PAT MARGIN CAGR: 38.7% 43.4% CAGR: 26.9% 27.6% CAGR: 21.2% 27.6% 32.1% 18.8% 17.2% 53,408 17.3% 19.4% 11.0% 12,280 5.4% 34,515 10,172 10,350 7,801 28,302 31,664 5,434 5,852 14,439 5,982 3,988 2,714 1,861

  21. Slide 21: Annexure

    ANNEXURE 21

  22. Slide 22: Detailed Financials - Standalone P&L Statement

    DETAILED FINANCIALS STANDALONE P&L STATEMENT Particulars (Rs Mn) Q3 FY16 Q3 FY15 YoY % Q2 FY16 QoQ% 9M FY16 9M FY15 YoY % FY15 Total Income from Operations 3,063.9 3,323.1 -7.8% 3,269.0 -6.3% 9,860.1 9,735.2 1.3% 13,209.7 COGS 786.2 943.1 -16.6% 871.5 -9.8% 2,830.2 2,569.4 10.2% 3,647.5 Gross Profit

  23. Slide 23: Detailed Financials - Standalone Balance Sheet

    DETAILED FINANCIALS STANDALONE BALANCE SHEET Particulars (In Rs Mn) Sep-15 Mar-15 Particulars (In Rs Mn) Sep-15 Mar-15 Share Holders’ Funds: Non-current assets: Equity share capital 109.9 109.9 Fixed Assets 20,917.6 21,031.0 Reserves and Surplus 28,977.7 28,446.0 Non-current investments 6,206.0 4,20

  24. Slide 24: Detailed Financials - Consolidated P&L Statement

    DETAILED FINANCIALS CONSOLIDATED P&L STATEMENT Particulars (Rs Mn) Q3 FY16 Q3 FY15 YoY % Q2 FY16 QoQ% 9M FY16 9M FY15 YoY % FY15 Total Income from Operations 16,082.1 16,209.8 -0.8% 17,953.2 -10.4% 48,162.9 37,876.1 27.2% 53,408.1 COGS 6,626.3 7,417.7 -10.7% 8,200.0 -19.2% 20,378.4 15,289.6 33.3% 21

  25. Slide 25: Detailed Financials - Consolidated Balance Sheet

    DETAILED FINANCIALS CONSOLIDATED BALANCE SHEET Particulars (Rs Mn) Sep-15 Mar-15 Particulars (Rs Mn) Sep-15 Mar-15 Share Holders’ Funds: Non-current assets: Equity share capital 109.9 109.9 Fixed Assets 46,375.6 44,690.2 Reserves and Surplus 43,971.7 42,242.7 Goodwill on Consolidation 1,650.8 1,650.

  26. Slide 26: Group Overview - Strong Pedigree

    GROUP OVERVIEW STRONG PEDIGREE  Strong legacy of more than 80 years.  Diversified businesses across industrial gases, engineering plastics, refrigerants, chemicals, cryogenic engineering, renewable energy and entertainment sectors.  More than 8,000 employees at more than 100 business units across

  27. Slide 27: Thank You

    FOR FURTHER QUERIES: THANK YOU Deepak Asher Nilesh Dalvi / Kapil Jagasia Director and Group Head (Corporate Finance) Dickenson Seagull IR Email : deepakasher@gfl.co.in Contact No : +91 9819289131 / 9819033209 Email : nilesh.dalvi@dickensonir.com Mr. Dheeraj Sood Kapil.jagasia@dickensonir.com Head IR

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