Srf Limited · NSE:SRF
Srf — FY2015 Earnings Presentation
24 slides from Srf's earnings presentation, May 2015
Slide 1: Exchange filing cover letter for earnings call presentation
Le, The Bombay Stock Exchange Ltd. . National Stock Exchange of India Ltd. i BSE’s Corporate Relationship Department | Exchange Plaza Rotunda Building, P.J. Towers, Bandra (East) Dalal Street, Fort, | Mumbai 400 051 Mumbai 400 001 ; : 48t Floor, New Trading Ring, Bandra Kurla Complex, SRF/SEC-D/16 1
Slide 2: Q4 & FY15 Results Presentation
SRF Limited Q4 & FY15 Results Presentation May 2015 Diversity. Innovation. Performance.
Slide 3: Disclaimer
Disclaimer Certain statements in this document may be forward-looking statements. Such forward-looking statements are subject to certain risks and uncertainties like regulatory changes, local political or economic developments, and many other factors that could cause our actual results to differ mat
Slide 4: Contents
Contents Q4 & FY15 Results Overview Q4 & FY15 Segmental Performance Company Overview Outlook 3
Slide 5: Q4 & FY15 Results Overview
Q4 & FY15 Results Overview
Slide 6: Abridged Statement of Profit & Loss
Results Overview Financial Overview Abridged Statement of Profit & Loss % Y-o-Y % Y-o-Y (Rs. crore) Q4 FY15 Q4 FY14 Growth FY15 FY14 Growth Net Operating Revenue 862.14 886.78 - 2.78 3,613.99 3,417.15 5.76 EBDITA 141.10 112.56 25.36 703.02 537.16 30.88 EBDITA Margin (%) 16.37 12.69 19.45 15.72 Depre
Slide 7: Abridged Balance Sheet
Results Overview Financial Overview Abridged Balance Sheet (Rs. crore) As on Mar 31, 2015 As on Mar 31, 2014 Shareholders’ funds Share Capital 58.44 58.44 Reserves and surplus 2,339.48 2,105.08 Non-current liabilities 1,504.60 1,148.14 Current liabilities 965.38 1,153.55 EQUITY AND LIABILITIES 4,867
Slide 8: Segment Results: Revenue & EBIT
Segment Results Revenue & EBIT Revenues (Rs. Cr) EBIT (Rs. Cr) 475.0 395.7 316.7 61.1 248.4 43.9 37.3 34.3 165.8 152.1 5.4 5.1 TTB CPB PFB TTB CPB PFB Q4 FY14 Q4 FY15 Q4 FY14 Q4 FY15 Revenues (Rs. Cr) EBIT (Rs. Cr) 1,810.2 1702.9 298.3 1263.4 956.3 191.3 167.5 175.0 657.5 656.8 24.1 38.7 TTB CPB PFB
Slide 9: Segment Results: Revenue Share
Segment Results Revenue Share Q4 FY14 Q4 FY15 165.8, 152.1, 19% 17% 395.7, 475.0, 46% 248.4, 316.7, 53% 28% 37% FY14 FY15 657.5 , 656.8 , 19% 18% 1,702.9 , 1,810.2 , 47% 956.3 , 1,263.4 , 53% 28% 35% Standalone figures TTB – Technical Textiles Business; CPB – Chemicals & Polymers Business; PFB - Pac
Slide 10: Q4 & FY15 Segmental Overview
Technical Textiles Chemicals & Polymers Packaging Films Q4 & FY15 Segmental Overview
Slide 11: Technical Textiles Results Update
Technical Textiles Chemicals & Polymers Packaging Films Results Update % % Segment (Rs. crore) contribution EBIT contribution Revenues to Revenues to EBIT Q4 FY15 395.66 45.77% 37.27 36.01% Q4 FY14 474.97 53.42% 43.93 52.49% % Shift -16.70% -15.16% FY15 1,702.94 47.00% 175.03 34.19% FY14 1,810.23 52
Slide 12: Q4 & FY15 Segmental Overview
Technical Textiles Chemicals & Polymers Packaging Films Q4 & FY15 Segmental Overview
Slide 13: Chemicals Results Update
Technical Textiles Chemicals & Polymers Packaging Films Results Update % % Segment (Rs. crore) contribution EBIT contribution Revenues to Revenues to EBIT Q4 FY15 316.71 36.64% 61.10 59.02% Q4 FY14 248.36 27.93% 34.33 41.02% % Shift 27.52% 77.99% FY15 1,263.41 34.87% 298.26 58.26% FY14 956.27 27.93%
Slide 14: Q4 & FY15 Segmental Overview
Technical Textiles Chemicals & Polymers Packaging Films Q4 & FY15 Segmental Overview
Slide 15: Packaging Films Results Update
Technical Textiles Chemicals & Polymers Packaging Films Results Update % % Segment (Rs. crore) contribution EBIT contribution Revenues to Revenues to EBIT Q4 FY15 152.09 17.59% 5.15 4.97% Q4 FY14 165.82 18.65% 5.43 6.49% % Shift -8.28% -5.16% FY15 656.76 18.13% 38.68 7.56% FY14 657.55 19.20% 24.15 6
Slide 16: Company Overview
Company Overview
Slide 17: Business Profile
Overview Business Profile Technical Textiles Chemicals & Polymers Packaging Films Fluorochemicals Films for Flexible Packaging • Tyre cord fabrics • Refrigerants (nylon & polyester) • Bi-axially Oriented • Chlorinated solvents Polyethylene • Belting fabrics Terephthalate (BOPET) Specialty Chemicals
Slide 18: Growth Levers
Overview Growth Levers Focus on building Nurture innovation leadership businesses through R&D Build and Reposition maintain market portfolio towards leadership in knowledge based business Build a Company products segments known and respected for its R&D Continue to build capabilities De-risk from ne
Slide 19: Outlook
Outlook
Slide 20: Outlook: Technical Textiles Business
Technical Textiles Outlook Business • NTCF is expected to remain a key business in the segment and a generator of steady cash flow • Demand for NTCF to mirror Indian GDP growth as it is closely linked to the transportation sector • Improving macroeconomic environment to have a positive impact on coa
Slide 21: Outlook: Chemicals Business
Chemicals & Polymers Outlook Business • Expanded R 134a capacities should assist significant sales improvement in the domestic and export markets • Loss of R 22 markets due to phase down for emissive use will be compensated by increasing feedstock use by the Specialty Chemicals segment • Future pote
Slide 22: Outlook: Packaging Films Business
Packaging Films Outlook Business • Robust domestic FMCG demand and fast urbanisation leading to healthy growth in demand: industry being cyclical, the situation is expected to turnaround in the near future • Focus on full utilisation of assets and incorporating more value-added products in the portf
Slide 23: About Us
About Us SRF SRF is a multi-business entity engaged in the manufacture of chemical based industrial intermediates. It’s business portfolio covers Technical Textiles, Fluorochemicals, Specialty Chemicals, Packaging Films and Engineering Plastics. As a manufacturer of a wide range of products that mak
Slide 24: Thank you
noA yueuL Aem Jayjeq e puy sAemyje ay, -— | — h—* 0