Dcm Shriram Limited · NSE:DCMSHRIRAM
Dcm Shriram — Q1 FY21 Earnings Presentation
25 slides from Dcm Shriram's earnings presentation, Jul 21, 2020
Slide 1: DCM Shriram Ltd. Q1 FY21 - Results Presentation
DCM Shriram Ltd. Q1 FY21 - Results Presentation July 21, 2020 1
Slide 2: Safe Harbour
Safe Harbour Certain statements in this document may be forward-looking. 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 actual results t
Slide 3: Table of Content
Table of Content Title Slide No. Q1 FY21 Key Highlights 4 Returns & Leverage 6 Financial Snapshot 7 Segment Performance 8 Management’s Message 9 Segmental Details Chloro-Vinyl Businesses 11-15 Sugar 16-18 Agri Input Businesses 19-21 Other Businesses 22-24 About Us & Investor Contacts 25 DCM Shriram
Slide 4: Q1 FY21 - Key Highlights
Q1 FY21 - Key Highlights 1. Net Revenues at Rs 1,912 crores vs Rs 1,902 crores during Q1 FY20. a) The revenues of Agri related Businesses was up by 48 % at Rs. 1,490 crores vs Rs. 1,010 crores in Q1FY20: i. Steps taken to strengthen Sugar Business has enabled increase in revenues up 82% YoY at Rs 87
Slide 5: Q1 FY21 - Key Highlights
Q1 FY21 - Key Highlights 2. PBDIT at Rs 192 crores vs Rs 374 crores during Q1 FY20. a) Sugar PBDIT up 3% at Rs 90 crores. In Q1FY20 there was a onetime income relating to previous period of Rs. 13.8 crores, excluding this the effective increase in profits is 23%. b) Chemicals PBDIT down 77% YoY at R
Slide 6: Q1 FY20 - Returns & Leverage
Q1 FY20 - Returns & Leverage PBDIT to Net Sales Net Debt/ EBITDA 1.25 19.7% 1.05 16.7% 0.8 10.1% FY20 Q1 FY20 Q1 FY21 FY20 Q1 FY20 Q1 FY21 ROCE Capital Employed 29.7% 5,896 5,497 4,774 19.5% 15.2% Rs Cr FY20 Q1 FY20 Q1 FY21 FY20 Q1 FY20 Q1 FY21 Note : ROCE and Net Debt/ EBITDA Calculated on TTM basi
Slide 7: Q1 FY21 - Financial Snapshot
Q1 FY21 - Financial Snapshot Revenue (Net) PBDIT Depreciation 1,902 1,912 374 59 50 192 Q1 FY20 Q1 FY21 Q1 FY20 Q1 FY21 Q1 FY20 Q1 FY21 PBIT Finance Cost PAT 324 221 43 37 133 69 Q1 FY20 Q1 FY21 Q1 FY20 Q1 FY21 Q1 FY20 Q1 FY21 Note: All figures in Rs. crores Net revenue includes operating income DCM
Slide 8: Q1 FY21 - Segment Performance
Q1 FY21 - Segment Performance Rs crores Revenues PBIT PBIT Margins % YoY % YoY % Segments Q1 FY20 Q1 FY21 Q1 FY20 Q1 FY21 Q1 FY20 Q1 FY21 Change Change Chemicals 551.7 233.8 (57.6) 250.5 40.2 (83.9) 45.4 17.2 Plastics 139.8 81.8 (41.5) 16.3 3.1 (80.8) 11.6 3.8 Sugar 481.9 877.4 82.1 72.6 71.8 (1.2)
Slide 9: Management's Message
Management’s Message Commenting on the performance for the quarter ending June 2020, in a joint statement, Mr. Ajay Shriram, Chairman & Senior Managing Director, and Mr. Vikram Shriram, Vice Chairman & Managing Director, said: “ We are operating in a tough economic environment which continues to be
Slide 10: Segmental Details
Segmental Details • Caustic Soda (1,845 TPD) • Aluminum Chloride (60 TPD) Chloro-Vinyl Businesses • PVC Resins (220 TPD) • Calcium carbide (112,000 TPA) • Agri- Businesses o Sugar (38,000 TCD) o Co-Gen (155 MW) Agri o Distillery (350 KLD) Businesses o Shriram Farm Solutions o Bioseeds o Fertilizers
Slide 11: Chloro Vinyl Business
Chloro Vinyl Business PBIT Cap. Employed Particulars Revenues (Rs. Cr.) (Rs. Cr.) (Rs. Cr.) Q1 FY21 315.6 43.4 1,496.4 Q1 FY20 691.5 266.8 1,401.5 % Shift (54.4) (83.7) 6.8 The Chloro-Vinyl business of the Company has highly integrated operations with multiple revenue streams and 225 MW captive powe
Slide 12: Chemicals
Chemicals Operational Financial Caustic Sales ECU Realizations Revenues PBIT Particulars PBIT Margin % (MT) (Rs./MT) (Rs Cr.) (Rs. Cr.) Q1 FY21 82,059 21,838 233.8 40.2 17.2 Q1 FY20 136,361 35,025 551.7 250.5 45.4 % Shift (39.8) (37.7) (57.6) (83.9) (62.1) Import Caustic and DCM ECU Prices DCM Reali
Slide 13: Chemicals
Chemicals During Q1 2020-21, caustic soda imports were 0.89 lac MT compared to 0.89 of CPLY. Total imports for FY’20 were 3.75 lac MT vs 2.35 lac MT of FY'19, an increase of ~60%. During Q1 2020-21, caustic soda exports from India were 0.43 lac MT compared to 0.28 lac MT in Industry CPLY (increa
Slide 14: Plastics
Plastics Operational Financial PVC XWR Carbide XWR PVC Sales Carbide Sales Revenues PBIT Particulars Realizations Realizations PBIT Margin % (MT) (MT) (Rs Cr.) (Rs. Cr.) (Rs./MT) (Rs./MT) Q1 FY21 10,289 67,050 1,835 55,373 81.8 3.1 3.8 Q1 FY20 15,300 70,398 5,152 55,896 139.8 16.3 11.6 % Shift (32.8
Slide 15: Plastics
Plastics Net revenue for Q1 FY21 down 42% YoY at Rs 82 crores. PVC volumes down 33% YoY and carbide volumes down 64% YoY. PVC prices down 5% YoY. Prices have firmed up over last one month Quarter PBIT at Rs 3 crores vs 16 crores during same period last year due to lower volumes and Performance
Slide 16: Sugar
Sugar Particulars Revenues (Rs. Cr.) PBIT (Rs. Cr.) PBIT Margin % Cap. Employed (Rs. Cr.) Q1 FY21 877.4 71.8 8.2 2,400.4 Q1 FY20 481.9 72.6 15.1 2,251.2 % Shift 82.1 (1.2) (45.7) 6.6 Capital employed includes CWIP of Rs 19 crores at 30th June, 2020 vs Rs 223 crores at 30th June, 2019. DCM Sugar Real
Slide 17: Sugar
Sugar Sugar Power Distillery Distillery Sugar Sugar Sales (Domestic) Power Sales Realizations Distillery Sales Realizations - Realizations - Particulars Production (Domestic) Realizations (Lac Units) (Rs/ unit) (Lac Ltrs) B Heavy C Heavy (Rs/ (Lac Qtls) (Lac Qtls) (Rs/Qtl) (Lac Units) (Rs/ Ltrs) Ltr
Slide 18: Sugar
Sugar Q1 FY21 Overall sugar revenues up 82% YoY at Rs 877 crores led by: Higher Sugar volumes, up 77% YoY including exports of 5 lac qtls. Higher Distillery volumes by 122% YoY due to commissioning of second distillery of 200 KLD in Q3 FY20. Distillery volumes of B-Heavy sales at 209 lac ltr
Slide 19: Shriram Farm Solutions
Shriram Farm Solutions Revenues PBIT Cap. Employed Particulars PBIT Margin % (Rs. Cr.) (Rs. Cr.) (Rs. Cr.) Q1 FY21 209.5 17.5 8.3 87.1 Q1 FY20 197.0 4.8 2.4 228.5 % Shift 6.3 267.4 245.5 (61.9) The products includes Seeds, Pesticides, Soluble Fertilizer, Micro-nutrients etc. This business is seasona
Slide 20: Bioseed
Bioseed Revenues (Rs. Cr.) PBIT Cap. Employed Particulars PBIT Margin % (Rs. Cr.) (Rs. Cr.) India International Total Q1 FY21 167.3 32.9 200.2 47.8 23.9 440.6 Q1 FY20 136.5 34.0 170.5 29.7 17.4 472.5 % Shift 22.6 (3.1) 17.5 61.0 37.0 (6.8) Bioseed business is intensely research based and is diversif
Slide 21: Fertilizers (Urea)
Fertilizers (Urea) Operational Financial Sales Realizations Revenues PBIT Cap. Employed Particulars PBIT Margin % (MT) (Rs./MT) (Rs. Cr.) (Rs. Cr.) (Rs. Cr.) Q1 FY21 95,053 20,195 203.2 5.8 2.8 723.1 Q1 FY20 62,778 24,131 160.3 (22.5) (14.0) 468.7 % Shift 51.4 (16.3) 26.7 - - 54.3 Net Revenue up 2
Slide 22: Other Businesses
Other Businesses The ‘Others’ Segment in the financial results, includes Cement, Fenesta Building Systems and Hariyali Kisaan Bazaar. Revenues under ‘Others’ stood at Rs 127 crores in Q1 FY21 from Rs. 227 crores in Q1 FY20. PBIT for the quarter stood . at –ve Rs. 7 crores vis-à-vis +ve Rs. 20 crores
Slide 23: Fenesta Building Systems
Fenesta Building Systems Operational Financial Order Book (Rs Crores) Revenues Particulars PBIT PBIT Margin % Total Retail Projects Total Q1 FY21 34.0 12.0 46.0 40.4 (9.5) (23.5) Q1 FY20 80.9 33.3 114.1 108.1 15.8 14.6 % Shift (57.9) (63.9) (59.7) (62.6) - - Fenesta a pan India brand has become syno
Slide 24: Cement
Cement Operational Financial Sales Realizations Revenues PBIT PBIT Margin % Particulars (MT) (Rs./MT) (Rs. Cr.) (Rs. Cr.) Q1 FY21 69,646 3,832 31.3 2.5 8.0 Q1 FY20 112,519 3,610 47.8 4.0 8.4 % Shift (38.1) 6.1 (34.6) (37.8) (4.8) The Cement business is small. since its capacity is driven by the wast
Slide 25: About Us & Investor Contacts
About Us & Investor Contacts DCM Shriram Ltd. is an integrated business entity, with extensive and growing presence across the entire Agri value chain and Chloro-Vinyl industry. The Company has added innovative value- added businesses in these domains primarily Bioseed and Fenesta. Access to captive