Dcm Shriram Limited · NSE:DCMSHRIRAM
Dcm Shriram — DCM Shriram Consolidated — Q1 FY2012 Earnings Presentation
25 slides from Dcm Shriram's earnings presentation, Jul 26, 2011
Slide 1: DCM Shriram Consolidated Limited Results Presentation Q1 FY2012
DCM SHRIRAM CONSOLIDATED LIMITED Results Presentation Q1 FY2012 July 26, 2011
Slide 2: Safe Harbour
Safe Harbour Certain statements in this document may be forward-looking statements. 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 actua
Slide 3: Table of Content
Table of Content Title Slide No. Q1 FY12 - Consolidated Financials - Key Highlights 4 Q1 FY12- Segment Performance 5 Q1 FY12 Performance Overview 6 Outlook & Perspectives 8 Management’s Message 9 Segmental Overview 10 Chloro-Vinyl Businesses 11 Agri Input Businesses 15 Sugar 19 Hariyali Kisaan Bazaa
Slide 4: Q1 FY12 Consolidated Financials – Key Highlights
Q1 FY12 Consolidated Financials – Key Highlights Particulars (` Cr) Q1 FY2012 Q1 FY2011 % YOY Net Revenue 1,225.1 1,020.3 20.1 EBIDTA 92.7 47.3 96.0 PBIT 53.5 7.4 624.4 Interest 24.8 17.7 39.8 PBT 28.7 (10.3) -- PAT 26.0 (9.4) -- Key Highlights a) Revenue growth driven by Bioseed (up 50.2%), Chloro-
Slide 5: Q1 FY12 - Segment Performance
Q1 FY12 - Segment Performance Revenues* PBIT* PBIT Margins (%) Segments Q1 FY12 Q1 FY11 %YOY Q1 FY12 Q1 FY11 %YOY Q1 FY12 Q1 FY11 Agri Input 516.0 430.6 19.8 61.7 44.8 37.6 12.0 10.4 - Fertilizers 129.4 117.5 10.2 10.0 11.8 (15.0) 7.7 10.0 - Farm Solutions 212.6 197.4 7.7 12.7 8.9 43.1 6.0 4.5 - Bio
Slide 6: Q1 FY12 – Performance Overview
Q1 FY12 – Performance Overview 1. Net Revenues higher by 20.1% at ` 1,225.1 Crore compared to ` 1,020.3Crore : a) Bioseed: Revenues increased by 50.2% to ` 173.9 Crore due to improved demand across hybrids and growth in India and Philippines b) Farm solutions: Revenues grew by 7.7% to ` 212.6 Crore
Slide 7: Q1 FY12 – Performance Overview
Q1 FY12 – Performance Overview 2. PBIT for the quarter up at ` 53.5 Crore: a) Fertilizer: Marginally lower earnings due to increase in uncompensated costs and higher equated freight arrears received in Q1 FY11 b) Farm Solutions: PBIT was higher by 43.1% at ` 12.7 Crore due to contribution from value
Slide 8: Outlook & Perspectives
Outlook & Perspectives Fertilizers (Urea): Early finalization of the new Urea policy will help in negating the impact of uncompensated costs. This business continues to remain a stable cash generating operation Farm Solutions (Agri Input): Sale of wide range of value added products and bulk fert
Slide 9: Management’s Message
Management’s Message Commenting on the performance for the quarter, in a joint statement, Mr. Ajay Shriram, Chairman & Senior Managing Director, and Mr. Vikram Shriram, Vice Chairman & Managing Director, said: “We are glad to report an improved performance both operationally and financially. In our
Slide 10: Segmental Overview
Segmental Overview • Chlor – Alkali • PVC Resin and Compounds Chloro- Vinyl Businesses • Calcium carbide • Power • Agri- Inputs – Fertilizers – Farm Solutions Agri Businesses – Bioseeds • Sugar Hariyali Kisaan Bazaar Fenesta Building Systems Cement Textile DSCL Investor Presentation – Q1 FY2012 10
Slide 11: Chloro-Vinyl Business
CHLORO-VINYL BUSINESS The Chloro-Vinyl business of the Company has a highly integrated operation with multiple revenue streams and economical captive power generation facilities. Chloro- Vinyl operations are at two locations (Kota – Rajasthan and Bharuch – Gujarat) with full captive coal based power
Slide 12: Chlor-Alkali
Chlor-Alkali Operational Financial Sales Realizations Revenues PBIT Particulars (MT) (`/MT) (` Cr.) (` Cr.) Q1 FY2012 57,633 23,161 137.9 28.1 Q1 FY2011 39,057 17,187 65.4 0.1 % Shift 47.6 34.8 110.9 -- a) The Company optimized operations at its Kota facility by increasing manufacturing and sale of
Slide 13: Plastics
Plastics Operational Financials PVC PVC XWR Carbide Carbide XWR Revenues PBIT Particulars Sales Realizations Sales Realizations (` Cr) (` Cr) (MT) (`/MT) (MT) (`/MT) Q1 FY2012 12,565 58,919 9,949 37,627 114.9 11.0 Q1 FY2011 2,830 52,452 6,510 33,886 38.5 (4.8) % Shift 344.0 12.3 52.8 11.0 198.4 -- a
Slide 14: Power
Power Particulars Revenues (` Cr.) PBIT (` Cr.) Q1 FY2012 -- -- Q1 FY2011 81.9 42.4 % Shift -- -- a) Power production during the quarter robust b) However, lower power realizations made merchant power sales unremunerative c) As the net payback per unit of power from Chloro-Vinyl products was better
Slide 15: Agri-Input Business
AGRI- INPUT BUSINESS The Agri input business, during the quarter, contributed to 39.4% to the total revenues of the Company. The Company continues to focus on these businesses given the huge opportunity in this area where the Company can capitalize on its long standing understanding of varied Agri b
Slide 16: Fertilizers (Urea)
Fertilizers (Urea) Operational Financial Sales Realizations Revenues PBIT Particulars (MT) (`/MT) (` Cr.) (` Cr.) Q1 FY2012 96,813 12,922 129.4 10.0 Q1 FY2011 100,381 11,687 117.5 11.8 % Shift (3.6) 10.6 10.2 (15.0) a) The earnings of the Fertilizer business dipped during the quarter due to: Uncom
Slide 17: Farm Solutions
Farm Solutions Particulars Revenues (` Cr.) PBIT (` Cr.) Q1 FY2012 212.6 12.72 Q1 FY2011 197.4 8.9 % Shift 7.7 43.1 a) The portfolio comprises of fertilizers (DAP, MOP, SSP) along with value-added products such as Seeds, pesticides, soluble fertilizer, micro-nutrients etc. b) Agri extension services
Slide 18: Bioseed
Bioseed Particulars Revenues (` Cr.) PBIT (` Cr.) Q1 FY2012 173.9 39.0 Q1 FY2011 115.8 24.2 % Shift 50.2 61.2 a) Bioseed is DSCL’s hybrid seed business with presence in both Field and Vegetable Crops b) The business includes research, production, processing and marketing of hybrid seeds in India, Ph
Slide 19: Sugar
Sugar Operational Financial Sales (Lac Qtl) Realizations (`/Qtl) Revenues PBIT Particulars (` Cr.) (` Cr.) Free Sugar Levy Sugar Free Sugar Levy Sugar Q1 FY2012 6.6 0.7 2,725 1,854 211.1 (8.1) Q1 FY2011 5.0 0.4 2,747 1,808 163.9 (38.2) % Shift 24.5 108.6 (0.8) 2.5 28.8 -- a) Higher revenues primaril
Slide 20: Hariyali Kisaan Bazaar
Hariyali Kisaan Bazaar Particulars Revenues (` Cr.) PBIT (` Cr.) Q1 FY2012 202.4 (19.2) Q1 FY2011 188.1 (20.2) % Shift 7.6 -- a) This business continues to evolve as a ‘Rural Business Centre’, symbolizing trust, reliability and respect among the rural community b) Overall revenues grew to ` 202.4 Cr
Slide 21: Fenesta Building Systems
Fenesta Building Systems Operational Financial Revenues Particulars Order Book (` Cr.) Q1 FY2012 62,517 40.3 Q1 FY2011 96,101 29.6 % Shift (34.9) 36.4 a) Fenesta with its diverse product line is regarded as a brand and product leader on a pan India basis. The brand has become synonymous with the pro
Slide 22: Cement
Cement Operational Financial Sales Realizations Revenues PBIT Particulars (MT) (`/MT) (` Cr.) (` Cr.) Q1 FY2012 96,527 2,958 35.2 6.2 Q1 FY2011 90,000 2,773 32.0 7.7 % Shift 7.3 6.7 10.1 (18.9) a) The Cement business is limited in size since its capacity is driven by the waste generated from carbide
Slide 23: Other Businesses
OTHER BUSINESSES DSCL’s other operations, reported as ‘others’ in the financial results, include its value- added businesses of Polymer Compounding, Fenesta Building Systems along with Textiles. Revenues under ‘others’ registered was higher by 20.1% at ` 91.4 Crore in the quarter under review compar
Slide 24: Balance Sheet Abstract
Balance Sheet Abstract AUDITED CONSOLIDATED STATEMENT OF ASSETS AND LIABILITIES (Rs. in crores) PARTICULARS AS AT AS AT 30.6.2011 30.6.2010 Unaudited Unaudited Shareholders' Funds: (a) Capital 33.34 33.34 (b) Reserves and Surplus 1,295.43 1,288.91 1,328.77 1,322.25 Minority interest 0.02 - Loan Fund
Slide 25: About Us
About Us DSCL is an integrated business entity, with extensive and growing presence across the entire Agri-rural value chain and Chloro-Vinyl industry. The Company has added innovative value- added businesses in these domains. With a large base of captive power produced at a competitive cost, the Co
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