Gujarat Fluorochemicals Ltd. · NSE:FLUOROCHEM
Gujarat Fluorochemicals — Q4 FY2022 Earnings Presentation
34 slides from Gujarat Fluorochemicals's earnings presentation, May 13, 2022
Slide 1: Gujarat Fluorochemicals Limited Investor Presentation
Gujarat Fluorochemicals Limited Investor Presentation For the quarter and year ended 31st March 2022 13th May 2022
Slide 2: Earnings Update Q4FY22, Financial Trend, Company Overview, Core Competencies
Earnings Update Q4FY22 Financial Trend Company Overview Core Competencies 2
Slide 3: Q4FY22 – Earnings Update
QAFY22 — Earnings Update GFL
Slide 4: Q4FY22 Highlights
Q4FY22 Highlights ➢ Consolidated Revenue for FY22 was Rs. 3954 Cr and for Q4 FY 22 was Rs. 1074 Cr up by 49% & 28% respectively on a YoY basis. ➢ Consolidated EBIDTA for FY22 was Rs. 1198 Cr and for Q4 FY 22 was Rs. 331 Cr up by 88% & 70% respectively on a YoY basis. ➢ The EBIDTA margins for FY22 we
Slide 5: Consolidated Revenue
Consolidated Revenue 1,074 3,954 1,074 1,004 840 7% 2,651 28% 49% Q3FY22 Q4FY22 Q4FY21 Q4FY22 FY21 FY22 Figures in Rs. Cr 5
Slide 6: Consolidated EBITDA & EBIDTA Margin
Consolidated EBITDA & EBIDTA Margin 31% 30% 31% 31% 331 331 1,198 315 23% 24% 195 638 5% 70% 88% Q3FY22 Q4FY22 Q4FY21 Q4FY22 FY21 FY22 EBITDA EBITDA % EBITDA EBITDA % EBITDA EBITDA % Figures in Rs. Cr 6
Slide 7: Consolidated PAT & PAT Margin
Consolidated PAT & PAT Margin 20% 20% 20% 20% 775 217 217 201 13% 13% 110 355 8% 97% 118% Q3FY22 Q4FY22 Q4FY21 Q4FY22 FY21 FY22 PAT PAT % PAT PAT % PAT PAT % Figures in Rs. Cr FY21 PAT excludes Income Tax pertaining to earlier years 7
Slide 8: Revenue: Business Vertical – Bulk Chemicals
Business Vertical – Bulk Chemicals 393 Caustic Soda Chloromethanes Refrigerants 69 338 14 % 78 Plants running at full capacity Plants running at full capacity Volumes and Prices have 146 barring planned annual shut down barring planned annual shut marginally improved during 91 during the quarter. do
Slide 9: Revenue: Business Vertical – Fluoropolymer (PTFE)
Business Vertical – Fluoropolymer(PTFE) 451 386 Fluoropolymer(PTFE) 17% Undertook a planned annual shut down in one of the TFE plants during the quarter resulting in lower production. Demand continues to stay strong across geographies and applications. Revenue Q3FY22 Q4FY22 451 Prices have moved up
Slide 10: Revenue: New Fluoropolymers
…New Fluoropolymers New Fluoropolymer 183 156 Capacity utilization in Q4FY22 was around 65% on account of limited 17% availability of R142b. However from Q1FY23 with own stable 142B production, the capacity utilization is expected to improve further. Capacity utilization during the quarter was furth
Slide 11: Revenue: Business Vertical – Specialty Chemical
Business Vertical – Specialty Chemical 57 49 16% Specialty Chemical Production & sales during Q4 FY 22 marginally improved from the previous quarter which was impacted due to fire incident. Revenue Q3FY22 Q4FY22 3 new plants are expected to be commissioned by Q1FY23. The commissioning of these plant
Slide 12: Financial Trend
Financial Trend GUJARAT FLUOROCHEMICA\ 12
Slide 13: Revenue, EBIDTA and PAT Trend
Revenue, EBIDTA and PAT Trend 3954 1,400 60% 4000 1,198 3500 1,200 3000 2606 2651 1954 1,000 2500 2000 1302 800 40% 1344 638 1500 600 553 30% 1000 2000 24% 1349 400 21% 500 1262 0 200 20% FY 20 FY 21 FY 22 FY 20 FY 21 FY 22 Domestic Revenue Export Revenue EBIDTA EBIDTA % 900 775 800 45% 700 600 500
Slide 14: RoCE-RoE, Debt-Equity & Working Capital Trend
RoCE-RoE , Debt-Equity & Working Capital Trend RoCE RoE 30.00% 25.00% 24.48% 20.10% 25.00% 20.00% 20.00% 15.00% 15.00% 11.92% 9.87% 10.42% 10.00% 10.00% 5.00% 5.00% 2.34% 0.00% 0.00% FY 20 FY 21 FY 22 FY 20 FY 21 FY 22 Net Debt Equity Ratio Working Capital Days 0.40 0.38 200 0.33 180 168 0.30 0.26 1
Slide 15: Capex Plan
Capex Plan FY 2024* FY 2023 Rs. 1000 Cr Rs 1150 Cr FY 2022 Rs 660 Cr * As per current plans GFL is currently investing / has planned capex towards expanding its capacities for Bulk & Specialty Chemicals, Fluoropolymers and New Age Products. 15
Slide 16: INOXGFL, Group Company
20 INOYGEL, Group Company 1 16
Slide 17: 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 18: 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 19: 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 20: 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 21: 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 22: 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 23: 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 24: 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 25: 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
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Slide 27: Core Competencies
Core Competencies Integrated Plant Operations Manufacturing Capabilities Global Presence 27
Slide 28: 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. * Proposed 28
Slide 29: 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 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 45001 : 2018 ISO 37001 : 2016 Ethics ISO / IEC 27001 : 2013 SA8000:2014 OVERALL SCORE(2021) We have aligned all our Internal & Supply Gujarat Fluorochemicals Ltd (Group) is in the
Slide 33: For further queries
For further queries: Vibhu Agarwal Head Investor Relations e-mail: vibhu.agarwal@gfl.co.in Manoj Agrawal Chief Financial Officer e-mail: manojagrawal@gfl.co.in Bhavin Desai Company Secretary e-mail: bvdesai@gfl.co.in 33
Slide 34: 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
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