Chambal Fertilisers & Chemicals Ltd. · NSE:CHAMBLFERT
Chambal Fertilisers & Chemicals — Q2 FY21 Earnings Presentation
20 slides from Chambal Fertilisers & Chemicals's earnings presentation, Nov 6, 2020
Slide 1: Exchange filing cover letter
CHAMBAL FERTILISERS CHAMBAL AND FERTILISERS CHEMICALS AND LIMITED CHEMICALS LIMITED November 6, 2020 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, C-1, Block G, 25th Floor, Dalal Street Bandra Kurla Complex, Mumbai – 400 001 Bandra (E) Mumbai – 400 05
Slide 2: Chambal Fertilisers and Chemicals Limited Q2 FY21 Results
Chambal Fertilisers and Chemicals Limited Q2 FY21 Results November 05, 2020 of 19 Page 1 of 19
Slide 3: Disclaimer
Disclaimer The following slides may contain “forward looking statements” including, statements relating to the implementation of strategic initiatives by Chambal Fertilisers and Chemicals Limited (“CFCL” or “Chambal” or “Company”) and future business developments and economic performance. While thes
Slide 4: Q2 and H1 FY21 Operating and Financial Performance
Q2 and H1 FY21 Operating and Financial Performance of 19 Page 3 of 19
Slide 5: Urea production and sales
Urea production and sales Gadepan I &II Plants 11.45 10.53 9.15 9.47 5.41 5.47 5.45 5.52 • The plants operated at full capacity. • Combined Energy of all the three plants for half year ended September 30, 2020 was better in comparison to Q2 FY20 Q2 FY21 H1 FY20 H1 FY21 corresponding period of previo
Slide 6: Non urea fertiliser sales volumes continue to grow
Non urea fertiliser sales volumes continue to grow DAP Sales MOP Sales NPK Sales 8.06 • In line with CFCL’s strategy of enhancing thrust on non urea fertilisers, sales of DAP, NPK and MOP 5.04 fertilisers grew strongly in the period 4.78 under review • Sales of P&K fertilisers through POS machines h
Slide 7: Nutrient Consumption: CFCL vs Others (Core CFCL Area)
Nutrient Consumption: CFCL vs Others (Core CFCL Area) Volume in lac MT UREA SALE MOP SALE Total Urea CFCL Sales % CFCL Share DAP SALE Total MOP CFCL Sales % CFCL Share Total DAP CFCL Sales % CFCL Share 14% 15% 32 9.6 19% 23% 28% 14% 8 17% 18% 20% 207 16.3 17.9 70 4.8 2 42 94.5 97.8 34 1 1.6 9 5 5.5
Slide 8: Managing Director's quote
Managing Director’s quote Commenting on the performance, Mr. Anil Kapoor, Managing Director, Chambal Fertilisers’ and Chemicals Limited, said: “We are encouraged by the growth we have delivered, particularly in phosphatic and potassic fertilisers. We believe there is opportunity for CFCL to further
Slide 9: Profit & Loss
Profit & Loss Standalone Revenue (INR Crore) EBITDA (INR Crore) Margin (%) • Revenue increased due to higher Urea Non Urea sales of non urea fertilisers whilst 16.7% 19.7% 17.5% 19.7% Urea turnover reduced due to the fall in gas prices. 1,438 • EBITDA growth was largely the 2,147 3,403 result of gro
Slide 10: Balance sheet overview
Balance sheet overview September 30, September March 31, Rs. Crore Growth % Growth % 2020 30, 2019 2020 Total Equity 4,750 3,789 25 3,916 21 • Reduction in debt due to better inflow Total Debt 7,476 8,577 ‐13 9,614 ‐22 of subsidy in Urea during the quarter Capital Employed 12,226 12,366 ‐1 13,530 ‐1
Slide 11: Subsidies (INR Crore)
Subsidies (INR Crore) Subsidy receipts Q2FY21 Q2FY20 Change % H1FY21 H1FY20 Change % Urea 2,499 2,048 22 3,826 3,737 2 P&K Fertilisers 238 320 ‐26 756 904 ‐16 Other Miscellaneous 1 4 ‐75 1 6 ‐80 Total 2,738 2,372 15 4,583 4,647 -1 Note: Includes subsidy received last year through Special Banking Arr
Slide 12: CFCL – The Company
CFCL – The Company Page 11 of 19
Slide 13: Chambal value proposition
Chambal value proposition Quality of Management Expansive scale of Value addition operations Market potential Distribution and reach Intense focus on cost Emphasis on sustainability leadership; one of the most and environmental efficient manufacturers of protection urea Page 12 of 19
Slide 14: Operations - Facilities
Operations - Facilities Three plants located at Gadepan in Kota district of Rajasthan Annual production of more than ~3.3 million MT of urea Company accounts for over 13% of the total urea produced in the country Gadepan‐I Ammonia Plant with a capacity to produce 1,800 MT of Ammonia per day
Slide 15: Large proportion of cultivable areas in target markets are irrigated
Large proportion of cultivable areas in target markets are irrigated Bihar Chhattisgarh Haryana J&K 7.6 5.7 6.5 1.15 1.7 0.5 67% 30% 88% 43% 5.1 5.7 Madhya Pradesh Punjab Rajasthan Uttar Pradesh 24 7.8 26.1 25.9 9.9 9.8 41% 99% 38% 79% 20.4 7.7 Gross Cultivable Area Mha Gross Irrigated Area Mha (%)
Slide 16: Wide Reach and efficient distribution
Wide Reach and efficient distribution CFCL enjoys long standing dealer and retailer partnerships MARKET SHARE 2019-20 developed over two decades STATE UREA DAP MOP CFCL’s brand Uttam is the preferred brand amongst farmers in the states of Punjab, Haryana, Rajasthan and Madhya Pradesh Bihar 9% 10% 31
Slide 17: Distribution and marketing: built over several decades
Distribution and marketing: built over several decades Unparalleled reach in 9 states Regional Deeply entrenched Jammu and 1 Union dealer and Chandigarh Karnal Offices Territory across distribution network Bathinda Eastern, and brand Hisar Northern and association built Agra Western India over decad
Slide 18: Nutrient Consumption: CFCL vs Others
Nutrient Consumption: CFCL vs Others Volume in lakh MT (FY19-20) Urea DAP MOP CFCL CFCL Volume Volume CFCL 9.6 Volume 32 336 103 30 61.4 21 175 2 129 32 7 CFCL Area Rest of India Total CFCL Area Rest of India Total CFCL Area Rest of India Total Chambal enjoys sizeable market share across all nutri
Slide 19: Contact Us
Contact Us For queries and requests, please contact: www.chambalfertilisers.com Abhay Baijal, CFO Gavin Desa / Rishab Barar Chambal Fertilisers and Chemicals Limited CDR India Tel: +91 11 4169 7900 Tel: +91 22 6645 1237 / 1235 Email: abhay.baijal@chambal.in Email: gavin@cdr‐india.com rishab@cdr‐indi
Slide 20: Thank You
Thank You Page 19 of 19
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