Dcm Shriram Limited · NSE:DCMSHRIRAM
Dcm Shriram — Q1 FY16 Earnings Presentation
24 slides from Dcm Shriram's earnings presentation, 2015
Slide 1: DCM Shriram Ltd. Q1 FY16 - Results Presentation
DCM Shriram Ltd. Q1 FY16 - Results Presentation 1
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 FY16 Key Highlights 4 Q1 FY16 Financial Snapshot 5 Q1 FY16 Segment Performance 6 Q1 FY16 - Performance Overview & Outlook 7-9 Management’s Message 10 Agri Input Businesses 13-15 Sugar 16 Hariyali Kisaan Bazaar 17 Chloro-Vinyl Businesses 18-20 Cement 21 Other Busin
Slide 4: Q1 FY16 – Key Highlights
Q1 FY16 – Key Highlights 1. Net Revenues increased by 6% YoY to Rs. 1,806 crore primarily on account of higher sales of Bulk fertilizers during the quarter 2. PBDIT stood at Rs 191 crore vs. Rs 269 crore last year: a. Sugar business’ financial distress increased on account of further fall in realiza
Slide 5: Q1 FY16 – Financial Snapshot
Q1 FY16 – Financial Snapshot Revenues EBITDA Depreciation 1,704 1,806 269 191 29 26 Q1 FY15 Q1 FY16 Q1 FY15 Q1 FY16 Q1 FY15 Q1 FY16 Finance Costs PAT PBIT 177 240 123 166 28 26 Q1 FY15 Q1 FY16 Q1 FY15 Q1 FY16 Q1 FY15 Q1 FY16 1. All figures in Rs. Crore 2. PBIT is before exceptional items; PAT is aft
Slide 6: Q1 FY16 - Segment Performance
Q1 FY16 - Segment Performance Rs. crore Revenues PBIT PBIT Margins % Segments Q1 FY15 Q1 FY16 % Q1 FY15 Q1 FY16 % Q1 FY15 Q1 FY16 Agri Input 1,013.0 1,131.1 11.7 127.7 101.2 (20.8) 12.6 8.9 - Fertilisers 169.7 155.6 (8.3) 11.5 (4.9) - 6.8 (3.2) - Shriram Farm Soln. 448.6 610.3 36.0 20.8 21.8 4.8 4.6
Slide 7: Q1 FY16 - Performance Overview & Outlook
Q1 FY16 - Performance Overview & Outlook Revenue declined by 8.3% YoY due to lower volumes, a result of extended maintenance shutdown during the quarter; maintenance shutdown also impacted average efficiencies which led to fall in energy savings and contributed to operating losses during the quart
Slide 8: Q1 FY16 - Performance Overview & Outlook
Q1 FY16 - Performance Overview & Outlook Bioseed business’ revenue declined primarily due to lower sales volumes due to uncertainty over monsoons International operations to take a couple of years to recover Outlook Bioseed There may be some improvement in performance, if monsoon recovers in S
Slide 9: Q1 FY16 - Performance Overview & Outlook
Q1 FY16 - Performance Overview & Outlook Revenue stood lower primarily due to lower volumes of PVC (on account of sale of high opening stock in same period last year) and lower realizations of PVC viz last year, however they are better sequentially Production is stable In line with the recent
Slide 10: 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: “The company has performed satisfactorily given a challenging business environment, a resu
Slide 11: Segmental Overview
Segmental Overview • Agri- Inputs o Fertilisers Agri Businesses o Shriram Farm Solutions o Bioseeds • Sugar • Chlor – Alkali • PVC Resins Chloro-Vinyl Businesses • Calcium carbide • Power • Fenesta Building Systems Other Businesses • Cement • Polymer Compounds • Hariyali Kisaan Bazaar DCM Shriram Lt
Slide 12: Agri- Input Businesses
Agri- Input Businesses The Agri input business contributed to 63% of the total quarterly 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 businesses a
Slide 13: Fertilisers (Urea)
Fertilisers (Urea) Operational Financial Sales Realisations Revenues PBIT Cap. Employed Particulars (MT) (Rs./MT) (Rs. cr.) (Rs. cr.) (Rs. cr.) Q1 FY16 80,131 19,251 155.6 (4.9) 342.0 Q1 FY15 101,011 16,778 169.7 11.5 357.2 % Shift (20.7) 14.7 (8.3) - (4.3) Revenue stood lower by 8.3% YoY to Rs 15
Slide 14: Shriram Farm Solutions
Shriram Farm Solutions Cap. Employed Particulars Revenues (Rs. cr.) PBIT (Rs. cr.) (Rs. cr.) Q1 FY16 610.3 21.8 587.5 Q1 FY15 448.6 20.8 550.1 % Shift 36.0 4.8 6.8 The portfolio comprises Value-added products such as Seeds, Pesticides, Soluble Fertiliser, Micro-nutrients etc. along with Bulk Fertili
Slide 15: Bioseed
Bioseed Cap. Employed Particulars Revenues (Rs. cr.) PBIT (Rs. cr.) (Rs. cr.) Q1 FY16 365.2 84.3 336.7 Q1 FY15 394.7 95.5 365.5 % Shift (7.5) (11.7) (7.9) Bioseed business is intensely research based and is diversified across key crops (Cotton, Corn, Paddy, Bajra and Vegetables). India is the key ma
Slide 16: Sugar
Sugar Operational Financial Sales Realisations Revenues PBIT Cap. Employed Particulars (Lac Qtls) (Rs./Qtl) (Rs. cr.) (Rs. cr.) (Rs. cr.) Q1 FY16 10.7 2,549 305.2 (16.4) 612.6 Q1 FY15 7.7 3,198 280.8 8.0 614.6 % Shift 38.2 (20.3) 8.7 - (0.3) Revenue increased by 9% YoY due to higher volumes. This
Slide 17: Hariyali Kisaan Bazaar
Hariyali Kisaan Bazaar Cap. Employed Particulars Revenues (Rs. cr.) PBIT (Rs. cr.) (Rs. cr.) Q1 FY16 113.5 0.5 155.5 Q1 FY15 137.3 1.1 194.6 % Shift (17.3) (55.5) (20.1) Performance Revenues from fuel sales only Overview Focus on sale of properties progressing slowly, expected to take about 2-3
Slide 18: Chloro Vinyl Business
Chloro Vinyl Business Cap. Employed Particulars Revenues (Rs. cr.) PBIT (Rs. cr.) (Rs. cr.) Q1 FY16 315.9 93.9 511.6 Q1 FY15 358.6 113.0 527.9 % Shift (11.9) (17.0) (3.1) The Chloro-Vinyl business of the Company has highly integrated operations with multiple revenue streams and 143 MW captive power
Slide 19: Chlor-Alkali
Chlor-Alkali Operational Financial Sales Realisations Revenues PBIT Particulars (MT) (Rs./MT) (Rs. cr.) (Rs. cr.) Q1 FY16 68,333 24,807 187.7 66.2 Q1 FY15 66,090 25,947 187.0 59.9 % Shift 3.4 (4.4) 0.4 10.6 Q1 FY 16 revenue stood flat on the back of a marginal YoY increase in volumes amid lower re
Slide 20: Plastics
Plastics Operational Financial PVC XWR Carbide Carbide XWR PVC Sales Revenues PBIT Particulars Realisations Sales Realisations (MT) (Rs. cr.) (Rs. cr.) (Rs./MT) (MT) (Rs./MT) Q1 FY16 15,168 67,843 4,501 42,737 128.1 27.6 Q1 FY15 18,303 76,638 5,551 42,923 171.6 53.2 % Shift (17.1) (11.5) (18.9) (0.4
Slide 21: Cement
Cement Operational Financial Sales Realisations Revenues PBIT Cap. Employed Particulars (MT) (Rs./MT) (Rs. cr.) (Rs. cr.) (Rs. cr.) Q1 FY16 106,170 2,585 33.2 (0.8) 8.6 Q1 FY15 94,068 3,251 36.8 4.8 13.3 % Shift 12.9 (20.5) (9.7) - (35.4) The Cement business is small. since its capacity is driven by
Slide 22: Other Businesses
Other Businesses DCM Shriram’s other operations, reported as ‘Others’ in the financial results, include its businesses of Polymer Compounding (now under 50:50 JV) and Fenesta Building Systems. Revenues under ‘Others’ stood at Rs. 70.1 crore in the quarter under review compared to Rs. 64.8 crore last
Slide 23: Fenesta Building Systems
Fenesta Building Systems Operational Financial Order Book Revenues Particulars (Rs cr.) (Rs. cr.) Q1 FY16 71.2 48.4 Q1 FY15 44.6 41.2 % Shift 59.8 17.5 Fenesta a pan India brand has become synonymous with UPVC windows. Includes Retail and Project Segment Fenesta business’ revenue went up by 18% y-
Slide 24: 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