Gujarat Fluorochemicals Ltd. · NSE:FLUOROCHEM
Gujarat Fluorochemicals — Q2 FY2023 Earnings Presentation
35 slides from Gujarat Fluorochemicals's earnings presentation, Oct 19, 2022
Slide 1: Cover letter to stock exchanges for Q2 FY23 investor presentation
GFCL: BRD: 2022 19th October, 2022 The Secretary The Secretary BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, Bandra Kurla Complex Dalal Street, Mumbai 400 001 Bandra (E), Mumbai 400 051 Scrip code: 542812 Scrip Code: FLUOROCHEM Dear Sir/Madam, Sub: Pu
Slide 2: Gujarat Fluorochemicals Limited Investor Presentation Q2FY23
Gujarat Fluorochemicals Limited Investor Presentation Q2FY23
Slide 3: Earnings Update, Financial Trend, Company Overview, Core Competencies
Earnings Update Q2FY23 Financial Trend Company Overview Core Competencies 2
Slide 4: Earnings Update – Q2FY23
GUJARAT FLUOROCHEMICA\ eee Update — Q2FY23
Slide 5: Q2FY23 Highlights
Q2FY23 Highlights ➢ Consolidated Revenue for Q2FY23 was Rs. 1461 Cr up by 52% on a YoY basis. ➢ Consolidated EBIDTA for Q2FY23 was Rs. 536 Cr up by 81% on a YoY basis. ➢ The EBIDTA margins for Q2FY23 were 37% as against 31% in Q2FY22. ➢ Consolidated PAT for Q2FY23 was at Rs. 357 Cr up by 74% on a Yo
Slide 6: Consolidated Revenue
Consolidated Revenue 1,461 1,461 1,334 10% 52% 964 Q1FY23 Q2FY23 Q2FY22 Q2FY23 Figures in Rs. Cr 5
Slide 7: Consolidated EBITDA & EBIDTA Margin
Consolidated EBITDA & EBIDTA Margin 37% 37% 34% 536 31% 536 459 296 17% 81% Q1FY23 Q2FY23 Q2FY22 Q2FY23 EBITDA EBITDA % EBITDA EBITDA % Figures in Rs. Cr 6
Slide 8: Consolidated PAT & PAT Margin
Consolidated PAT & PAT Margin 24% 24% 23% 21% 357 357 303 205 18% 74% Q1FY23 Q2FY23 Q2FY22 Q2FY23 PAT PAT % PAT PAT % Figures in Rs. Cr 7
Slide 9: Business Vertical – Bulk Chemicals Revenue
Business Vertical – Bulk Chemicals 537 487 Caustic Soda Chloromethanes Refrigerants 196 268 10 % Plants running at full capacity Plants running at full Volumes and Prices have during the quarter. capacity. improved due to increased 102 80 sales of R125. Caustic soda prices remained Prices of MDC wer
Slide 10: Business Vertical – Fluoropolymer (PTFE)
Business Vertical – Fluoropolymer(PTFE) 443 379 17% Fluoropolymer(PTFE) With the additional TFE capacities available in Q2 the PTFE sales normalized during the quarter. Revenue Q1FY23 Q2FY23 Overall demand and prices remained stable during the quarter. 443 360 De-bottlenecking of capacity is underwa
Slide 11: New Fluoropolymers Revenue
…New Fluoropolymers 331 341 3% New Fluoropolymer Additional capacities commissioned for FKM, PVDF and PFA during the quarter are under stabilizing and sales are expected to ramp up from Q3FY23 onwards. Revenue Q1FY23 Q2FY23 There is continued increase in demand, which will be met with further additi
Slide 12: Business Vertical – Specialty Chemical
Business Vertical – Specialty Chemical 119 114 4% Specialty Chemical Commissioning of new plants in Q2FY23 has spilled over to Q3FY23 Revenue Q1FY23 Q2FY23 New plants which have now been commissioned are expected to gradually ramp up production in the upcoming quarters. 114 65 75% Q2FY22 Q2FY23 Figu
Slide 13: Financial Trend
GUJARAT FLUOROCHEMICA\ Financial Trend
Slide 14: Annual Revenue, EBIDTA and PAT Trend
Annual Revenue, EBIDTA and PAT Trend 3954 1,400 60% 4000 1,198 3500 1,200 3000 2651 1954 2795 995 2606 1,000 2500 2000 1302 1594 800 36% 40% 1344 638 1500 600 553 30% 1000 2000 24% 1349 400 21% 500 1262 1201 0 200 20% FY 20 FY 21 FY 22 H1FY23 FY 20 FY 21 FY 22 H1FY23 Domestic Revenue Export Revenue
Slide 15: RoCE-RoE, Debt-Equity & Working Capital Trend
RoCE-RoE , Debt-Equity & Working Capital Trend RoCE RoE 40.00% 36.88% 35.00% 29.05% 35.00% 30.00% 30.00% 24.46% 25.00% 20.10% 25.00% 20.00% 20.00% 15.00% 11.92% 15.00% 9.87% 10.00% 10.00% 5.00% 5.00% 0.00% 0.00% FY 21 FY 22 H1FY23 FY 21 FY 22 H1FY23 Net Debt Equity Ratio Working Capital Days 0.40 20
Slide 16: Capex Plan
Capex Plan FY 2024 FY 2023 Rs. 1250 Cr Rs 1250 Cr FY 2022 Rs 660 Cr GFL is currently investing / has planned capex towards expanding its capacities for Chemicals for backward integration, Fluoropolymers and New Age Products 15
Slide 17: INOXGFL, Group Company
20 INOYGEL, Group Company 1 16
Slide 18: INOX GFL Group
INOX GFL GROUP The Inox GFL Group with a legacy of more than 90 years is one of the largest business Group’s in India. The Group is a forerunner in diversified business segments comprising specialty chemicals, fluoropolymers, gases, wind turbines and renewables. The Group currently with 3 listed ent
Slide 19: 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 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: 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 23: 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 24: 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 demand 2030 for EVs, energy storage and consumer electronics is estimated at 2633 GWH with EV battery ch
Slide 25: 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 26: 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 28: Core Competencies
Core Competencies Integrated Plant Operations Manufacturing Capabilities Global Presence 27
Slide 29: 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. * Under Implementation 28
Slide 30: 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 31: 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 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 We have aligned all our Internal & Supply chain processes as per the following Social Responsibility standar
Slide 33: 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 34: 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 35: Thank You
Thank You 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, result
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