Dcm Shriram Limited · NSE:DCMSHRIRAM
Dcm Shriram — DCM Shriram Consolidated — Q4 FY2011 Earnings Presentation
29 slides from Dcm Shriram's earnings presentation, May 6, 2011
Slide 1: DCM Shriram Consolidated Limited Results Presentation Q4 & FY2011
DCM SHRIRAM CONSOLIDATED LIMITED Results Presentation Q4 & FY2011 May 6, 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. Q4 FY11 - Consolidated Financials - Key Highlights 4 Q4 FY11- Segment Performance 5 Q4 FY11 Performance Overview 6-7 FY11- Consolidated Financials - Key Highlights 8 FY11- Segment Performance 9 FY11 Performance Overview 10-11 Outlook & Perspectives 12 Management’s Me
Slide 4: Q4 FY11 Consolidated Financials – Key Highlights
Q4 FY11 Consolidated Financials – Key Highlights Particulars (` Cr) Q4 FY2011 Q4 FY2010 % YOY Net Revenue 1,106.9 898.6 23.2 EBIDTA 90.8 73.5 23.5 PBIT 51.3 31.8 61.3 Interest 19.0 17.6 7.7 PBT 32.3 14.1 128.2 PAT 28.6 15.3 87.1 Key Highlights 1. Revenue growth of 24% led by Farm solutions (up by 14
Slide 5: Q4 FY11 Segment Performance
Q4 FY11- Segment Performance Revenues* PBIT* PBIT Margins (%) Segments Q4 FY11 Q4 FY10 %YOY Q4 FY11 Q4 FY10 %YOY Q4 FY11 Q4 FY10 Agri Input 394.3 274.9 43.4 29.2 38.0 (23.2) 7.4 13.8 - Fertilizers 125.2 132.5 (5.6) (0.9) 15.6 -- (0.7) 11.8 - Farm solutions 155.9 63.6 145.1 7.6 1.5 425.5 4.9 2.3 - Bi
Slide 6: Q4 FY11 – Performance Overview
Q4 FY11 – Performance Overview 1. Net Revenues higher by 23.2% at ` 1,106.9 Crore compared to ` 898.6 Crore : a) Farm solutions : Revenues up by 145.1% at ` 155.9 Crore led by increase in sale of SSP, pesticides, seeds and plant growth regulators. b) Bioseed: Revenues increased by 43.8% to ` 113.2 C
Slide 7: Q4 FY11 – Performance Overview
Q4 FY11 – Performance Overview 2. PBIT for the quarter up 61.3% at ` 51.3 Crore: a) Fertilizer: The earnings in the fertilizer business dipped due to uncompensated cost increases and higher arrears received in the previous year. b) Farm Solutions: Registered higher PBIT due to volume growth in SSP &
Slide 8: FY11 Consolidated Financials – Key Highlights
FY11 Consolidated Financials – Key Highlights Particulars (` Cr) FY2011 FY2010 % YOY Net Revenue 4,151.9 3,546.8 17.1 EBIDTA 194.3 367.6 (47.1) Depreciation 160.0 163.0 (1.8) PBIT 34.3 204.6 (83.2) Interest 66.3 88.6 (25.1) PBT (32.0) 122.5 -- PAT (14.3) 84.3 -- Key Highlights a) Revenues higher by
Slide 9: FY11 Segment Performance
FY11 Segment Performance Revenues* PBIT* PBIT Margins (%) Segments FY11 FY10 %YOY FY11 FY10 %YOY FY11 FY10 Agri Input 1,686.5 1,088.7 54.9 108.4 89.7 20.9 6.4 8.2 - Fertilizers 471.2 479.5 (1.7) 29.2 44.6 (34.5) 6.2 9.3 - Farm solutions 923.8 406.8 127.1 41.4 16.7 148.2 4.5 4.1 - Bioseed 291.5 202.5
Slide 10: FY11 - Performance Overview
FY11 - Performance Overview 1. Net Revenues higher by 17.1% at ` 4,151.9 Crore compared to ` 3546.78 Crore : a) Farm solutions: Revenues higher by 127.1% at ` 923.8 Crore on the back of DAP & MOP sales along with higher SSP and value added input sales. b) Bioseed: Healthy performance across geograph
Slide 11: FY11 - Performance Overview
FY11 - Performance Overview 2. PBIT for the year stood at ` 34.3 Crore a) Fertilizers: Decline in earnings due to uncompensated cost increases and higher arrears received in the previous year. b) Farm Solutions: PBIT improved by 148.2% at ` 41.4 Crore due to higher contribution from both value added
Slide 12: Outlook & Perspectives
Outlook & Perspectives Fertilizers (Urea): This business remains a stable cash generating operation. Early finalization of new Urea policy will be beneficial as it is leading to uncompensated cost increases. Farm Solutions (Agri Input): Growth trend to continue with wide range of value added pro
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: “We are glad to report an improved operational performance across both our Chloro-Vinyl an
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 – Q4 & FY2011 14
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.) Q4 FY2011 55,498 18,666 117.4 15.0 Q4 FY2010 47,128 14,014 72.7 (0.3) % Shift 17.8 33.2 61.6 - FY2011 209,014 17,929 395.4 53.2 FY2010 181,884 15,791 321.0 27.0 % Shift 14.9 13.5 23.2 97.0 a)
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) Q4 FY2011 11,672 54,030 10,686 36,834 113.6 6.7 Q4 FY2010 4,699 53,440 5,851 33,361 51.5 (4.3) % Shift 148.4 1.1 82.6 10.4 120.8 - FY2
Slide 18: Power
Power Particulars Revenues (` Cr.) PBIT (` Cr.) Q4 FY2011 0.9 0.2 Q4 FY2010 70.1 36.6 % Shift -- -- FY2011 83.5 42.5 FY2010 283.4 154.0 % Shift (70.5) (72.4) a) Lower power realizations made merchant power sales unremunerative. b) As the net payback per unit of power from Chloro-Vinyl products was b
Slide 19: Agri-Input Business
AGRI- INPUT BUSINESS The Agri input business, during the quarter, contributed to 32.9% to 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 b
Slide 20: Fertilizers (Urea)
Fertilizers (Urea) Operational Financial Sales Realizations Revenues PBIT Particulars (MT) (`/MT) (` Cr.) (` Cr.) Q4 FY2011 103,536 12,019 125.2 (0.9) Q4 FY2010 106,532 12,496 132.5 15.6 % Shift (2.8) (3.8) (5.6) -- FY2011 404,030 11,753 471.2 29.2 FY2010 383,643 12,032 479.5 44.6 % Shift 5.3 (2.3)
Slide 21: Farm Solutions
Farm Solutions Particulars Revenues (` Cr.) PBIT (` Cr.) Q4 FY2011 155.9 7.6 Q4 FY2010 63.6 1.5 % Shift 145.1 425.5 FY2011 923.8 41.4 FY2010 406.8 16.7 % Shift 127.1 148.2 a) The portfolio comprises fertilizers (DAP, MOP, SSP) along with value-added products such as pesticides, soluble fertilizer, m
Slide 22: Bioseed
Bioseed Particulars Revenues (` Cr.) PBIT (` Cr.) Q4 FY2011 113.2 22.5 Q4 FY2010 78.7 21.0 % Shift 43.8 7.1 FY2011 291.5 37.8 FY2010 202.5 28.4 % Shift 43.9 33.1 a) Bioseed is DSCL’s hybrid seed business with mandated crops - Cotton, Paddy, Corn, Vegetables and Bajra. b) The business includes resear
Slide 23: Sugar
Sugar Operational Financial Sales (Lac Qtl) Realizations (`/Qtl) Revenues PBIT Particulars (` Cr.) (` Cr.) Free Sugar Levy Sugar Free Sugar Levy Sugar Q4 FY2011 5.38 1.04 2,793 1,810.0 239.4 32.9 Q4 FY2010 4.55 0.83 3,486 1,332.0 208.6 (12.9) % Shift 18.2 25.3 (19.9) 35.9 14.7 -- FY2011 16.55 2.43 2
Slide 24: Hariyali Kisaan Bazaar
Hariyali Kisaan Bazaar Particulars Revenues (` Cr.) PBIT (` Cr.) Q4 FY2011 211.3 (19.0) Q4 FY2010 158.5 (21.7) % Shift 33.3 -- FY2011 774.0 (83.1) FY2010 630.0 (81.2) % Shift 22.9 -- a) This business continues to evolve as a ‘Rural Business Centre’, symbolizing trust, reliability and respect among t
Slide 25: Fenesta Building Systems
Fenesta Building Systems Operational Financial Revenues Particulars Order Book (` Cr.) Q4 FY2011 58,191 32.0 Q4 FY2010 48,963 28.8 % Shift 18.8 11.1 FY2011 304,837 124.8 FY2010 221,093 102.5 % Shift 37.9 21.7 a) Fenesta with its diverse product line is regarded as a brand and product leader on a pan
Slide 26: Cement
Cement Operational Financial Sales Realizations Revenues PBIT Particulars (MT) (`/MT) (` Cr.) (` Cr.) Q4 FY2011 113,790 2,748 39.2 7.5 Q4 FY2010 96,644 2,837 34.9 8.8 % Shift 17.7 (3.1) 12.3 (15.2) FY2011 372,104 2,567 122.9 16.4 FY2010 360,918 2,901 134.7 37.2 % Shift 3.1 (11.5) (8.7) (55.9) a) The
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 ` 83.1 Crore in the quarter under review compared to ` 77.0 C
Slide 28: Balance Sheet Abstract
Balance Sheet Abstract AUDITED CONSOLIDATED STATEMENT OF ASSETS AND LIABILITIES (Rs. in crores) PARTICULARS AS AT AS AT 31.3.2011 31.3.2010 Audited Audited Shareholders' Funds: (a) Capital 33.34 33.34 (b) Reserves and Surplus 1,273.03 1,296.27 1,306.37 1,329.61 Loan Funds: (a) Secured 1,112.84 1,141
Slide 29: 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
DCM Shriram Consolidated — Q4 FY2011 Earnings Presentation on 6ix