Dcm Shriram Limited · NSE:DCMSHRIRAM
Dcm Shriram — DCM Shriram Consolidated — Q4 FY12 Earnings Presentation
29 slides from Dcm Shriram's earnings presentation, May 11, 2012
Slide 1: DCM Shriram Consolidated Limited Consolidated Results Q4 & FY12
DCM Shriram Consolidated Limited Consolidated Results Q4 & FY12 May 11, 2012
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 actu
Slide 3: Table of Content
Table of Content Title Slide No. FY12 Key Highlights 4 FY12 Segment Performance 5 FY12 Performance Overview 6-7 Q4 FY12 Key Highlights 8 Q4 FY12 Segment Performance 9 Q4 FY12 Performance Overview 10-11 Outlook & Perspectives 12 Management’s Message 13 Agri Input Businesses 15-18 Sugar 19 Hariyali Ki
Slide 4: FY12 - Key Highlights
FY12 - Key Highlights Revenues* PBIT* PAT** 6,000 300 15 12 5,039 5,000 21% 10 4,151 208 4,000 200 189% 5 - 3,000 (5) FY11 FY12 2,000 100 72 (10) 1,000 (15) - - (14) (20) * Rs. crore FY11 FY12 FY11 FY12 ** Net profit after accounting for exceptional item of Rs. 38 crore for Cane Purchases arrears fo
Slide 5: FY12 - Segment Performance
FY12 - Segment Performance Revenues* PBIT* PBIT Margins (%) Segments FY12 FY11 % FY12 FY11 % FY12 FY11 Agri Input 1982.6 1,686.1 17.6 142.3 112.6 26.4 7.2 6.7 - Fertilisers 503.6 471.2 6.9 20.0 29.3 (31.6) 4.0 6.2 - Farm solutions 1,087.6 923.8 17.7 60.5 45.5 32.8 5.6 4.9 - Bioseed 391.4 291.1 34.5
Slide 6: FY12 - Performance Overview
FY12 - Performance Overview a) Net Revenues higher by 21.4% at Rs. 5,039 crore compared to Rs. 4,151 crore: i. Bioseed: Revenues ↑ by 34% at Rs. 391.4 crore driven by growth in India and Philippines. The growth was driven by Bt cotton, Corn, Vegetables and Rice. ii. Sugar : Revenues ↑ by 48% at Rs.
Slide 7: FY12 - Performance Overview
FY12 - Performance Overview b) PBIT up by 189% at Rs. 208 crore vs. Rs. 72 crore in the previous year. Segment wise highlights are as follows: i. Bioseed PBIT ↑ by 63.5% at Rs. 62 crore driven by growth in revenues by 34% and better margins in Cotton. ii. Chloro-Vinyl PBIT ↑ by 91% to Rs. 178.2 cror
Slide 8: Q4 FY12 - Key Highlights
Q4 FY12 - Key Highlights Revenues* PBIT* PAT* 1,600 120 60 1,337 98 49 21% 50 1,200 1,106 60% 73% 80 40 61 29 800 30 40 20 400 10 - - - Q4 FY11 Q4 FY12 Q4 FY11 Q4 FY12 Q4 FY11 Q4 FY12 * Rs. crore Key Highlights a) Net Revenues ↑ by 21% at Rs. 1337 crore driven by growth in Bioseed (19%), Sugar (16.5
Slide 9: Q4 FY12 - Segmental Performance
Q4 FY12 - Segmental Performance Revenues* PBIT* PBIT Margins (%) Segments Q4 FY12 Q4 FY11 % Q4 FY12 Q4 FY11 % Q4 FY12 Q4 FY11 Agri Input 576.7 393.9 46.4 35.0 31.1 12.6 6.1 7.9 - Fertilisers 132.8 125.2 6.1 8.1 (0.9) -- 6.1 (0.7) - Farm solutions 310.0 155.9 98.8 8.2 9.5 (13.3) 2.7 6.1 - Bioseed 133
Slide 10: Q4 FY12 - Performance Overview
Q4 FY12 - Performance Overview a) Net Revenues ↑ by 21% at Rs. 1,337 crore compared to Rs. 1,106 crore : i. Farm Solutions revenues ↑ by 99% at Rs. 310 crore driven by growth in MOP (Rs. 82.5 crore as compared to Nil in the previous period) and SSP ↑ by 137%. ii. Bioseed Revenues ↑ by 18.7% at Rs. 1
Slide 11: Q4 FY12 - Performance Overview
Q4 FY12 - Performance Overview b) PBIT up by ~ 60% at Rs. 98 crore. Segment wise highlights are as follows: i. Fertilizer : PBIT ↑ at Rs. 8.1 crore as compared to Rs. (0.9) crore in the previous year due to higher volumes, better energy efficiencies and contribution from additional production. ii. C
Slide 12: Outlook & Perspectives
Outlook & Perspectives i. Fertilisers (Urea): This business remains a stable cash generating operation. However, the business continues to be impacted by uncompensated costs due to non- finalization of the Urea Pricing Policy since April 2010 and delays in dues from Government. Early finalization of
Slide 13: 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 a satisfactory performance for the quarter. The Chloro-Vinyl segmen
Slide 14: Segmental Overview
Segmental Overview • Agri- Inputs – Fertilisers – Farm Solutions – Bioseeds Agri Businesses • Sugar • Chlor – Alkali • PVC Resin and Chloro-Vinyl Compounds Businesses • Calcium carbide • Power Hariyali Kisaan Bazaar Fenesta Building Systems Cement Textile DSCL Q4 & FY12 Results Presentation 14
Slide 15: Agri-Input Businesses
AGRI- INPUT BUSINESSES The Agri input business contributed to 43.1% 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
Slide 16: Fertilisers (Urea)
Fertilisers (Urea) Operational Financial Sales Realizations Revenues PBIT Particulars (MT) (Rs./MT) (Rs. cr.) (Rs. cr.) Q4 FY12 1,04,681 12,643 132.8 8.1 Q4 FY11 1,03,536 12,019 125.2 (0.9) % Shift 1.1 5.2 6.1 -- FY12 3,87,460 12,643 503.6 20.0 FY11 4,04,030 11,753 471.2 29.3 % Shift (4.1) 7.6 6.9 (
Slide 17: Farm Solutions
Farm Solutions Particulars Revenues (Rs. cr.) PBIT (Rs. cr.) Q4 FY12 310.0 8.2 Q4 FY11 155.9 9.5 % Shift 98.8 (13.3) FY12 1,087.6 60.5 FY11 923.8 45.5 % Shift 17.7 32.8 a) The portfolio comprises value-added products such as Seeds, Pesticides, Soluble fertiliser, Micro- nutrients etc. along with bul
Slide 18: Bioseed
Bioseed Particulars Revenues (Rs. cr.) PBIT (Rs. cr.) Q4 FY12 133.8 18.7 Q4 FY11 112.8 22.5 % Shift 18.7 (16.7) FY12 391.4 61.8 FY11 291.1 37.8 % Shift 34.5 63.5 a) Bioseed business is uniquely diversified across key crops (Cotton, Corn, Paddy, Vegetables, Bajra etc ) and Asian geographies including
Slide 19: Sugar
Sugar Operational Financial Sales (Lac Qtl) Realizations Revenues PBIT Particulars Free Sugar Levy Sugar *(Rs./Qtl) (Rs. cr.) (Rs. cr.) Q4 FY12 7.06 0.49 2869 278.9 36.7 Q4 FY11 5.38 1.04 2793 239.4 32.9 % Shift 31.23 (52.9) 2.7 16.5 11.3 FY12 24.9 3.37 2811 907.9 30.6 * Free Sugar FY11 16.55 2.43 2
Slide 20: Hariyali Kisaan Bazaar
Hariyali Kisaan Bazaar Particulars Revenues (Rs. cr.) PBIT (Rs. cr.) Q4 FY12 183.1 (18.8) Q4 FY11 211.3 (19.0) % Shift (13.3) -- FY12 853.4 (105.2) FY11 774.0 (83.1) % Shift 10.3 -- a) Revenues ↑ by 10.3% to Rs. 853.4 crore – Revenue growth slow in Core Retail. Growth further moderated as we decided
Slide 21: Chloro-Vinyl Businesses
CHLORO-VINYL BUSINESSES 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 pow
Slide 22: Chlor-Alkali
Chlor-Alkali Operational Financial Sales Realizations Revenues PBIT Particulars (MT) (Rs./MT) (Rs. cr.) (Rs. cr.) Q4 FY12 58,743 23,544 152.0 41.5 Q4 FY11 58,871 18,659 117.4 15.4 % Shift (0.2) 26.2 29.5 169.7 FY12 234,435 23,542 585.1 151.0 FY11 209,003 17,929 395.4 55.8 % Shift 12.2 31.3 48.0 170.
Slide 23: Plastics
Plastics Operational Financials PVC PVC XWR Carbide Carbide XWR Revenues PBIT Particulars Sales Realizations Sales Realizations (Rs. cr.) (Rs. cr.) (MT) (Rs./MT) (MT) (Rs./MT) Q4 FY12 10,247 56,483 10,875 41,401 106.8 11.7 Q4 FY11 11,672 53,949 10,686 36,836 113.5 7.0 % Shift (12.2) 4.7 1.8 12.4 (5.
Slide 24: Power
Power Particulars Revenues (Rs. cr.) PBIT (Rs. cr.) Q4 FY12 2.64 1.6 Q4 FY11 0.9 0.2 FY12 7.0 1.7 FY11 83.5 42.5 a) Robust power production during the year. b) The Company laid emphasis on manufacturing Chloro-Vinyl products i.e. Chlor-Alkali, PVC and Carbide that offered better returns on every uni
Slide 25: Cement
Cement Operational Financial Sales Realizations Revenues PBIT Particulars (MT) (Rs./MT) (Rs. cr.) (Rs. cr.) Q4 FY12 1,14,506 2,870 40.6 3.8 Q4 FY11 1,13,790 2,748 39.1 7.5 % Shift 0.6 4.4 3.9 (49.3) FY12 3,93,498 2,867 140.7 15.1 FY11 3,72,104 2,594 122.8 16.4 % Shift 5.7 10.5 14.5 (8.2) a) The Ceme
Slide 26: Other Businesses
OTHER BUSINESSES Other operations, reported as ‘others’ in the financial results, include businesses of Polymer Compounding, Fenesta Building Systems ,Textiles etc. Revenues under ‘others’ registered a growth of 9.6% to Rs. 351.3 crore in the year ended March 31, 2012 compared to Rs. 320.6 crore in
Slide 27: Fenesta Building Systems
Fenesta Building Systems Operational Financial Revenues Particulars Order Book (Rs. cr.) Q4 FY12 47,853 41.8 Q4 FY11 58,191 32.0 % Shift (17.8) 30.8 FY12 244,816 172.2 FY11 304,837 124.8 % Shift (19.7) 38.0 a) Fenesta with its diverse product line is regarded as a brand and product leader on a pan I
Slide 28: Balance Sheet Abstract
Balance Sheet Abstract STATEMENT OF ASSETS AND LIABILITIES (Rs. in crores) AS AT AS AT PARTICULARS 31.03.2012 31.03.2011 Audited Audited A. EQUITY AND LIABILITIES 1 Shareholders' funds (a) Share Capital 33.34 33.34 (b) Reserves and Surplus 1,281.87 1,273.03 1,315.21 1,306.37 2 Non-Current liabilitie
Slide 29: About Us & Investor Contacts
About Us & Investor Contacts 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 comp
DCM Shriram Consolidated — Q4 FY12 Earnings Presentation on 6ix