Deepak Fertilisers And Petrochemicals Corporation Ltd. · NSE:DEEPAKFERT
Deepak Fertilisers And Petrochemicals — Q4 FY2020 Earnings Presentation
27 slides from Deepak Fertilisers And Petrochemicals's earnings presentation, Jul 2, 2020
Slide 1: Cover letter to stock exchanges
2nd July, 2020 BSE Limited, National Stock Exchange of India Ltd. Phiroze Jeejeebhoy Towers, Exchange Plaza, Dalal Street, Fort, Bandra-Kurla Complex, Mumbai - 400 001. Sandra (East), Mumbai - 400 051. Dear Sir/ Madam, Sub: Earnings Presentation Q4 FY 2020 Please find enclosed an Earnings Presentati
Slide 2: Q4 FY2020 Earnings Presentation
Products to Solutions Commodities to Brands INDUSTRIAL CHEMICALS AGM Presentation Deepak Fertilisers And August 2019 Petrochemicals Corporation Ltd. Q4 FY2020 Earnings Presentation MINING CHEMICALS (BSE: 500645; NSE: DEEPAKFERT) ` July 02, 2020 CROP NUTRITION 1 A Journey of 40 Years
Slide 3: Disclaimer
Disclaimer Safe Harbour: This presentation contains statements that contain “forward looking statements” including, but without limitation, statements relating to the implementation of strategic initiatives, and other statements relating Deepak Fertilisers and Petrochemicals Corporation limited’s (D
Slide 4: Table of Contents
Table of Contents 1. Consolidated Highlights 2. Recent Corporate Developments 3. Consolidated Segment Performance • Nitric Acid Plant (Dahej): Annual Update • Forayed into alcohol based ‘Hand Sanitizer’ space to combat COVID-19 pandemic 4. Consolidated Leverage Position 5. Consolidated Sales Volumes
Slide 5: Deepak Fertilisers And Petrochemicals: An Overview
Deepak Fertilisers And Petrochemicals: An Overview Diversified Business Installed Capacity • Strong knowledge base and experience in: o Mining Chemicals Technical Industrial 485 1,352 o Industrial Chemicals KTPA Ammonium KTPA Chemicals o Crop Nutrition Nitrate • Diversified ammonia downstream player
Slide 6: Consolidated Highlights
Consolidated Highlights Y-o-Y Y-o-Y Annual Operating EBITDA Trend (Rs. Crores) Particulars (Rs. Cr) Q4FY20 Q4FY19 FY2020 FY2019 growth growth 9.9% Net Revenue 1,293 1,294 (0.1)% 4,685 6,742 (30.5)% 6.8% Operating EBITDA 120 88 35.3% 464 459 1.1% 459 464 FY2019 FY2020 EBITDA Margins (%) 9.2% 6.8% 9.9
Slide 7: Consolidated Highlights
Consolidated Highlights • Total Revenues reported at Rs. 1,293 Cr in Q4 FY20 (Rs. 1,294 Cr in Q4 FY19) Revenue Breakdown • Total Revenues for FY20 was Rs. 4,685 Cr compared to Rs. 6,742 Cr in FY19. The Company Q4 FY20: Rs. 1,292 Cr cautiously consolidated trading portfolio with focus on high-margin
Slide 8: Recent Corporate Developments
Recent Corporate Developments • Credit Rating Update: • DFPCL Ratings re-affirmed by ICRA on April 14, 2020; Long Term Bank Facilities: A+ (Stable); Short Term Bank Facilities: A1 • Forayed into alcohol-based Sanitizer & Disinfectant space to combat COVID-19 pandemic: • DFPCL has launched IPA based
Slide 9: Recent Corporate Developments
Recent Corporate Developments IFC Funding • During October 2019, International Finance Corporation (IFC) subscribed to the first tranche of US$ 30 million (i.e. Rs.210 Crores), by way of Foreign Currency Convertible Bonds (FCCBs) and Compulsory Convertible Debentures (CCDs) into DFPCL and its wholly
Slide 10: Consolidated Segment Performance
Consolidated Segment Performance Quarter Performance Full Year Performance 18.7% 17.0% 15.1% 776 4,440 755 12.5% 11.7% 643 9.5% 533 512 2,745 471 2,273 1,911 0.9% 1.7% (7.4)% (1.7)% Q4FY19 Q3FY20 Q4FY20 FY2019 FY2020 Chemicals Revenue (Rs. Cr) Fertilisers Revenue (Rs. Cr) Chemicals Revenue (Rs. Cr)
Slide 11: Consolidated Segment Highlights: Chemicals
Consolidated Segment Highlights: Chemicals Manufactured TAN Sales Manufactured IPA Sales Manufactured Acids Sales (22%) +30% (4%) 354 141 108 103 274 109 Q4FY19 Q4FY20 Q4FY19 Q4FY20 Q4FY19 Q4FY20 • Manufactured Chemical business reported revenues of Rs. 583 crores in Q4 FY20 as compared to Rs. 629 c
Slide 12: Nitric Acid Plant (Dahej): Annual Update
Nitric Acid Plant (Dahej): Annual Update Completed its first year of operation; achieved overall capacity utilization of approx. 65% 106 23% 74 12% H1 H2 Total Revenue (Rs. Cr) EBITDA (%) • DFPCL has commenced the commercial production of nitric acid at Dahej, Gujarat in April 2019. The new facility
Slide 13: Forayed into alcohol based Hand Sanitizer space to combat COVID-19
Forayed into alcohol based ‘Hand Sanitizer’ space to combat COVID-19 pandemic • DFPCL has launched IPA based hand sanitizers under the brand name ‘CORORID’, which conforms to WHO’s recommended formulation. Isopropyl Alcohol (IPA) is the world’s most preferred active ingredient in hand sanitizer and
Slide 14: Consolidated Segment Highlights: Fertilisers
Consolidated Segment Highlights: Fertilisers Manufactured NP and NPK Sales Manufactured Bensulf sales (4)% +83% 430 411 8 4 Q4FY19 Q4FY20 Q4FY19 Q4FY20 • Manufactured fertilisers reported revenues of Rs. 421 Cr in Q4 FY20 and Rs. 1,586 Cr in FY20 • Trading revenues for FY20 was Rs. 325 Cr compared t
Slide 15: Consolidated Leverage Position
Consolidated Leverage Position Net Debt (Rs. Crores) Sep-19 Mar-20 1.47 1.44 ST Debt 1,064 719 3,063 2,987 1.34 LT Debt 1,845 2,084 1.26 2,868 1.25 2,769 2,698 Current Maturities 85 124 Mar-18 Sep-18 Mar-19 Sep-19 Mar-20 Total Debt 2,994 2,927 Net Debt Net Debt/Equity (X) Cash & Cash Equivalent 126
Slide 16: Consolidated Sales Volumes (product wise)
Consolidated Sales Volumes (product wise) Y-o-Y Q-o-Q Y-o-Y Volumes MT Q4 FY20 Q4 FY19 Q3 FY20 FY20 FY19 growth growth growth Nitric Acid 49,235 49,078 0.3% 66,349 (25.8)% 233,654 199,201 17.3% IPA 20,543 14,782 39.0% 11,604 77.0% 61,584 61,274 0.5% TAN Solid 97,886 118,930 (17.7)% 91,763 6.7% 376,9
Slide 17: COVID-19: Impact on Business Operations
COVID-19: Impact on Business Operations Ability to maintain operations including the Impact of the COVID-19 pandemic on the business factories/units/office spaces functioning and closed down ❖ Fertiliser plants namely, ANP & NPK have been limping back gradually ❖ The Company has received approvals t
Slide 18: COVID-19: Impact on Business Operations
COVID-19: Impact on Business Operations Frequently Asked Questions ❖ How has COVID-19 impacted your financial condition and results of operations? ❖ Most of the products of the Company being essential commodity, the Company continued its operations during of Lockdown. There were intermittent shut- d
Slide 19: Recent CSR Activities
Recent CSR Activities Rural Initiatives Wadi Dairy Development project Arogyam – Spectacle Vocational Skill Community Development and Social Distribution Development Welfare (CDSW) Urban Initiatives Vocational Skills Development Program (VSDP) and Livelihood Enhancement Through Entrepreneurship Deve
Slide 20: Awards and Recognition
Awards and Recognition Smartek awarded for Best formulation – Smartchem Technologies received Platinum Award from Innovation at the Agribusiness Summit and Agri Green Maple Foundation for Best Safety Practices & Awards 2019 Management at its JNPT terminal Smartek won RMAI Agribusiness Leadership Mah
Slide 21: Appendix
DEEPAK FERTILISERS. AND PETROCHEMICALS, CORPORATION LIMITED Appendix
Slide 22: DFPCL Standalone Profit & Loss Statement (Rs. Lakhs)
DFPCL Standalone Profit & Loss Statement (Rs. Lakhs) Sr. Quarter Ended Year Ended Particulars No. 31 MAR 2020 31 DEC 2019 31 MAR 2019 31 MAR 2020 31 MAR 2019 1 Income (a) Revenue from operations 46,005 32,714 45,509 170,775 314,888 (b) Other income 1,162 3,848 828 6,772 2,359 Total income 47,167 36,
Slide 23: DFPCL Consolidated Profit & Loss Statement (Rs. Lakhs)
DFPCL Consolidated Profit & Loss Statement (Rs. Lakhs) Sr. Quarter Ended (Consol) Year Ended (Consol) Particulars No. 31 MAR 2020 31 DEC 2019 31 MAR 2019 31 MAR 2020 31 MAR 2019 1 Income (a) Gross Sales/income from operations. 129,295 111,949 129,376 468,538 674,206 (b) Other Income 1,418 4,129 2,38
Slide 24: DFPCL Consolidated Segment (Rs. Lakhs) (i)
DFPCL Consolidated Segment (Rs. Lakhs)….(i) Sr. Quarter Ended Year Ended Particulars No. 31 Mar 2020 31 Dec 2019 31 Mar 2019 31 Mar 2020 31 Mar 2019 1 Segment revenue (a) Chemicals Manufactured 58,316 54,380 62,895 226,362 255,310 Traded 17,217 9,935 14,663 48,155 188,643 Total 75,533 64,315 77,558
Slide 25: DFPCL Consolidated Segment (Rs. Lakhs) (ii)
DFPCL Consolidated Segment (Rs. Lakhs)….(ii) Sr. Quarter Ended Year Ended Particulars No. 31 Mar 2020 31 Dec 2019 31 Mar 2019 31 Mar 2020 31 Mar 2019 3 Segment assets (a) Chemicals 384,462 369,593 336,640 384,462 336,640 (b) Fertilisers 203,873 192,477 228,313 203,873 228,313 (c) Realty 23,065 22,15
Slide 26: DFPCL Consolidated Balance Sheet (Rs. Lakhs)
DFPCL Consolidated Balance Sheet (Rs. Lakhs) 25
Slide 27: Investor Relations Contact
Investor Relations Contact: Deepak Balwani deepak.balwani@dfpcl.com Associate Vice President – Investor Relations +91 20 6645 8733 Amitabh Bhargava amitabh.bhargava@dfpcl.com Reg. Off and Corp. Off: Sai Hira, Survey No. 93, Mundhwa, Pune - 411 036 President and Chief Financial Officer +91 20 6645 82
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