Dcm Shriram Limited · NSE:DCMSHRIRAM
Dcm Shriram — DCM Shriram Consolidated — Q1 FY2013 Earnings Presentation
25 slides from Dcm Shriram's earnings presentation, Jul 26, 2012
Slide 1: DCM Shriram Consolidated Limited Q1 FY2013 Results Presentation
DCM Shriram Consolidated Limited Q1 FY2013 Results Presentation July 26, 2012
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 actu
Slide 3: Table of Content
Table of Content Title Slide No. Q1 FY13 Key Highlights 4-5 Q1 FY13 Segment Performance 6 Q1 FY13 Performance Overview 7-8 Outlook & Perspectives 9 Management’s Message 10 Agri Input Businesses 12-15 Sugar 16 Hariyali Kisaan Bazaar 17 Chloro-Vinyl Businesses 18-21 Cement 22 Others 23 Fenesta Buildin
Slide 4: Q1 FY13 - Key Highlights
Q1 FY13 - Key Highlights Revenue PBIT 1,500 150 131 1,427 1,400 16% 100 92% 1,300 68 1,225 50 1,200 1,100 - Q1 FY12 Q1 FY13 Q1 FY12 Q1 FY13 PBT PAT 40 50 31 40 29 8% 30 31 19% 30 26 20 20 10 10 - - Q1 FY12 Q1 FY13 Q1 FY12 Q1 FY13 All figures in Rs/Crores DSCL Q1 FY13 Results Presentation 4
Slide 5: Q1 FY13 Key Highlights
Q1 FY13 Key Highlights a) Net Revenues up by 16.5% driven by Bioseed ( up 45%), Sugar ( up 32.5%) and Chloro-Vinyl ( up 10.1%) b) PBIT up by 92.3% at Rs. 130.6 Crores Vs Rs. 67.90 Crores. a) Bioseed: PBIT up by 69.7% at Rs. 66.1 crores driven by growth in Revenues by 45%. The revenue growth driven b
Slide 6: Q1 FY13 - Segment Performance
Q1 FY13 - Segment Performance Revenues* PBIT* PBIT Margins % Segments Q1 FY13 Q1 FY12 % Q1 FY13 Q1 FY12 % Q1 FY13 Q1 FY12 Agri Input 687.0 516.0 33.1 88.9 61.9 43.7 12.9 12.0 - Fertilisers 136.7 129.4 5.6 7.8 10.0 (22.3) 5.7 7.7 - Farm solutions 297.9 212.6 40.1 15.0 12.9 16.3 5.0 6.0 - Bioseed 252.
Slide 7: Q1 FY13 – Performance Overview
Q1 FY13 – Performance Overview a) Net Revenues higher by 16.5% at Rs. 1,427.1 crore compared to Rs. 1,225.1 crore: i. Bioseed: Revenues up by 45.1% at Rs. 252.4 crore mainly in Indian operations. The growth was driven by Bt Cotton, Corn and Paddy. ii. Farm solutions: Revenues up by 40.1% at Rs. 297.
Slide 8: Q1 FY13 – Performance Overview
Q1 FY13 – Performance Overview b) PBIT up by 92.3% at Rs. 130.6 crores Vs Rs. 67.9 crores. i. Bioseed: PBIT up by 69.7% at Rs. 66.1 crores driven by growth in Revenues by 45%. The revenue growth driven by growth in Bt Cotton, Corn and Paddy in India. ii. Farm Solutions: PBIT up by 16.3% driven prima
Slide 9: Outlook & Perspectives
Outlook & Perspectives I. Fertilisers (Urea): Operational performance is stable. Business witnessing margin pressures due to uncompensated cost increases. II. Farm Solutions : In the medium term, we expect this business to be on the growth path as the company continues to further expand its po
Slide 10: 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: “We are glad to report a satisfactory performance for this quarter, led by healthy growth
Slide 11: Segmental Overview
Segmental Overview • Agri- Inputs – Fertilisers – Farm Solutions – Bioseeds Agri Businesses • Sugar • Chlor – Alkali • PVC Resin and Chloro-Vinyl Compounds Businesses • Calcium carbide • Power Hariyali Kisaan Bazaar Fenesta Building Systems Cement Textile DSCL Q1 FY13 Results Presentation 11
Slide 12: Agri-Input Businesses
AGRI- INPUT BUSINESSES The Agri input business contributed to 48.1% of the total quarterly 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
Slide 13: Fertilisers (Urea)
Fertilisers (Urea) Operational Financial Sales Realizations Revenues PBIT Particulars (MT) (Rs./MT) (Rs. cr.) (Rs. cr.) Q1 FY13 101,587 13,349 136.7 7.8 Q1 FY12 96,813 12,894 129.4 10.0 % Shift 4.9 3.5 5.6 (22.3) a) Revenues higher by 5.6% driven by higher volumes and Realizations. b) PBIT lower by
Slide 14: Farm Solutions
Farm Solutions Particulars Revenues (Rs. cr.) PBIT (Rs. cr.) Q1 FY13 297.9 15.0 Q1 FY12 212.6 12.9 % Shift 40.1 16.3 a) The portfolio comprises Value-added products such as Seeds, Pesticides, Soluble fertiliser, Micro-nutrients etc. along with bulk fertilisers (DAP, MOP, SSP) b) Revenues up by 40.1%
Slide 15: Bioseed
Bioseed Particulars Revenues (Rs. cr.) PBIT (Rs. cr.) Q1 FY13 252.4 66.1 Q1 FY12 173.9 39.0 % Shift 45.1 69.7 a) DSCL’s Bioseed business is uniquely diversified across key crops (Cotton, Corn,Paddy, Bajra and Vegetables) and Asian geographies including India, Vietnam, Philippines, Thailand & Indones
Slide 16: Sugar
Sugar Operational Financial Sales (Lac Qtl) Realizations Revenues PBIT Particulars Free Sugar Levy Sugar *(Rs./Qtl) (Rs. cr.) (Rs. cr.) Q1 FY13 7.41 0.61 2879 279.7 (3.9) * Free Sugar Q1 FY12 6.58 0.73 2725 211.1 (8.1) % Shift 12.6 (16.4) 5.7 32.5 -- a) Revenues up by 32.5% at Rs. 279.7 crore driven
Slide 17: Hariyali Kisaan Bazaar
Hariyali Kisaan Bazaar Particulars Revenues (Rs. cr.) PBIT (Rs. cr.) Q1 FY13 213.4 (20.1) Q1 FY12 202.4 (19.2) % Shift 5.4 -- a) Revenues up by 5.4% at Rs. 213.4 crore-Revenue growth driven by growth in the Fuel segment. The Growth rates have moderated as the company is implementing a Restructuring
Slide 18: Chloro-Vinyl Businesses
CHLORO-VINYL BUSINESSES 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 pow
Slide 19: Chlor-Alkali
Chlor-Alkali Operational Financial Sales Realizations Revenues PBIT Particulars (MT) (Rs./MT) (Rs. cr.) (Rs. cr.) Q1 FY13 53,748 27,529 159.7 51.4 Q1 FY12 57,633 23,161 137.9 28.3 % Shift (6.7) 18.9 15.8 81 a) The company focused on manufacturing of Chlor-Alkali in light of remunerative product pric
Slide 20: Plastics
Plastics Operational Financials PVC PVC XWR Carbide Carbide XWR Revenues PBIT Particulars Sales Realizations Sales Realizations (Rs. cr.) (Rs. cr.) (MT) (Rs./MT) (MT) (Rs./MT) Q1 FY13 12,354 61,636 9,460 40,989 116.7 21.6 Q1 FY12 12,565 58,919 9,949 37,627 114.9 11.3 % Shift (1.7) 4.6 (4.9) 8.9 1.5
Slide 21: Power
Power Particulars Revenues (Rs. cr.) PBIT (Rs. cr.) Q1 FY13 1.9 Q1 FY12 - a) Robust power production during the quarter. b) The Company laid emphasis on manufacturing Chloro-Vinyl products i.e. Chlor-Alkali, PVC and Carbide that offered better returns per unit of Power compared to selling power on a
Slide 22: Cement
Cement Operational Financial Sales Realizations Revenues PBIT Particulars (MT) (Rs./MT) (Rs. cr.) (Rs. cr.) Q1 FY13 100,145 3,025 37.6 6.4 Q1 FY12 96,527 2,958 35.2 6.2 % Shift 3.7 2.3 6.7 3.4 a) The Cement business is limited in size since its capacity is driven by the waste generated from carbide
Slide 23: Other Businesses
OTHER BUSINESSES DSCL’s other operations, reported as ‘others’ in the financial results, include its businesses of Polymer Compounding, Fenesta Building Systems along with Textiles. Revenues under ‘others’ stood at Rs. 76.4 crore in the quarter under review compared to Rs. 91.4 crore in the correspo
Slide 24: Fenesta Building Systems
Fenesta Building Systems Operational Financial Revenues Particulars Order Book (Rs. cr.) Q1 FY13 77,880 39.3 Q1 FY12 62,517 40.3 % Shift 24.6 (2) a) Fenesta with its diverse product line is regarded as a brand and product leader on a pan India basis. The brand has become synonymous with UPVC windows
Slide 25: About Us & Investor Contacts
About Us & Investor Contacts 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 comp
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