Dcm Shriram Limited · NSE:DCMSHRIRAM
Dcm Shriram — H1 FY2018 Earnings Presentation
26 slides from Dcm Shriram's earnings presentation, Nov 7, 2017
Slide 1: DCM Shriram Ltd. Q2 & H1 FY18 Results Presentation
DCM Shriram Ltd. Q2 & H1 FY18 - Results Presentation Nov 7, 2017 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. Q2 FY18 Key Highlights 4 Q2 FY18 Financial Snapshot 5 Q2 FY18 Segment Performance 6 H1 FY18 Financial Snapshot 7 H1 FY18 Segment Performance 8 Q2 FY 18 Performance Overview & Outlook 9-11 Balance Sheet Abstract 12 Management’s Message 13 Chloro-Vinyl Businesses 15-17
Slide 4: Q2 FY'18 – Key Highlights
Q2 FY’18 – Key Highlights 1. Net Revenues at Rs 1,605 crore vs Rs 1,366 crore over same period last year: a. Chemicals – Volumes were up 24% led by capacity from the expansion at Bharuch, commissioned in phases during last year. Prices have also improved. The expanded capacity operating at 90%. b. S
Slide 5: Q2 FY18 – Financial Snapshot
Q2 FY18 – Financial Snapshot Revenue (Net) PBDIT Depreciation 1,605 1,366 306 36 132 27 Q2 FY17 Q2 FY18 Q2 FY17 Q2 FY18 Q2 FY17 Q2 FY18 Finance Cost PBIT PAT 270 20 172 13 105 91 Q2 FY17 Q2 FY18 Q2 FY17 Q2 FY18 Q2 FY17 Q2 FY18 Note: All figures in Rs. Crores Net revenue includes operating income DCM
Slide 6: Q2 FY18 - Segment Performance
Q2 FY18 - Segment Performance Rs. crore Revenues (Net) PBIT PBIT Margins % YoY % YoY % Segments Q2 FY 17 Q2 FY 18 Q2 FY 17 Q2 FY 18 Q2 FY 17 Q2 FY 18 Change Change Chloro Vinyl 329.6 484.7 47.1 71.9 178.7 148.4 21.8 36.9 Sugar 372.7 516.5 38.6 62.5 74.1 18.5 16.8 14.3 Agri Inputs 481.8 428.1 (11.1)
Slide 7: H1 FY18 – Financial Snapshot
H1 FY18 – Financial Snapshot Revenue (Net) PBDIT Depreciation 3,551 2,807 648 381 67 51 H1 FY17 H2 FY18 H1 FY17 H2 FY18 H1 FY17 H2 FY18 Finance Cost PBIT PAT 581 406 44 331 259 32 H1 FY17 H2 FY18 H1 FY17 H2 FY18 H1 FY17 H2 FY18 Note: All figures in Rs. Crores Net revenue includes operating income DC
Slide 8: H1 FY18 - Segment Performance
H1 FY18 - Segment Performance Rs. crore Revenues (Net) PBIT PBIT Margins % YoY % YoY % Segments H1 FY'17 H1 FY'18 H1 FY'17 H1 FY'18 H1 FY'17 H1 FY'18 Change Change Chloro Vinyl 659.0 930.0 41.1 193.1 321.7 66.6 29.3 34.6 Sugar 632.9 1,142.2 80.5 94.1 182.2 93.6 14.9 16.0 Agri Inputs 1,219.1 1,179.2
Slide 9: Q2 FY18 - Performance Overview & Outlook
Q2 FY18 - Performance Overview & Outlook Net revenue was up 47% and earnings up 148% Volumes at Bharuch Chemicals complex were up by 37%, a result of the capacity expansion project that was part commissioned in Q2 FY17 (full in Q3 FY17). Plant is now operating at 90% capacity utilisation. Chemic
Slide 10: Q2 FY18 - Performance Overview & Outlook
Q2 FY18 - Performance Overview & Outlook Net revenue was lower by 37%, earnings were positive vs loss last year Net revenue were lower in Value added business by about 24% and in SSP 54% . Earnings were marginally better. Shriram Farm Last year there was a loss in the same period due to discou
Slide 11: Q2 FY18 - Performance Overview & Outlook
Q2 FY18 - Performance Overview & Outlook Net revenue was up 13% and earnings up at Rs. 33 .2crs vs 5.6 crs. in the same period last year Sales volumes were up by 14% YoY led by higher production. Last year there was a shutdown of about 11 days Margins improved with better efficiencies Fertilis
Slide 12: Balance Sheet Abstract
Balance Sheet Abstract (Rs. cr.) PARTICULARS As at As at 30.09.2017 31.03.2017 Unaudited Audited ASSETS Non-current assets Net Worth increased to Rs. (a) Property, Plant and equipment 1,900.04 1,922.63 (b) Capital work -in- progress 131.42 60.28 2,915 crores as on Sep 30, (c) Goodwill 70.99 70.55 (d
Slide 13: Management's Message
Management’s Message Commenting on the performance for the quarter and financial year, in a joint statement, Mr. Ajay Shriram, Chairman & Senior Managing Director, and Mr. Vikram Shriram, Vice Chairman & Managing Director, said: “We are happy to report a satisfactory performance for the quarter. All
Slide 14: Segmental Overview
Segmental Overview • Chemicals • PVC Resins Chloro-Vinyl Businesses • Calcium carbide • Power • Agri- Inputs o Shriram Farm Solutions Agri o Bioseeds Businesses o Fertilisers • Sugar • Fenesta Building Systems Other Businesses • Cement • Polymer Compounds • Hariyali Kisaan Bazaar DCM Shriram Ltd. –
Slide 15: Chloro Vinyl Business
Chloro Vinyl Business Revenues (Net) Cap. Employed Particulars PBIT (Rs. cr.) (Rs. cr.) (Rs. cr.) Q2 FY18 484.7 178.7 1,038.7 Q2 FY17 329.6 71.9 947.8 % Shift 47.1 148.4 9.6 H1 FY18 930.0 321.7 1,038.7 H1 FY17 659.0 193.1 947.8 % Shift 41.1 66.6 9.6 The Chloro-Vinyl business of the Company has highl
Slide 16: Chemicals
Chemicals Operational Financial Sales Revenues (Net) PBIT Particulars Realisations (Rs./MT) (MT) (Rs. cr.) (Rs. cr.) Q2 FY18 103,444 28,343 338.3 146.7 Q2 FY17 83,267 22,092 204.4 51.5 % Shift 24.2 28.3 65.5 185.1 H1 FY18 202,836 26,286 633.1 256.6 H1 FY17 153,215 24,043 403.4 134.3 % Shift 32.4 9.3
Slide 17: Plastics
Plastics Operational Financial Revenues PVC XWR Carbide XWR (Net) PVC Sales Carbide Sales PBIT Particulars Realisations Realisations (MT) (MT) (Rs. cr.) (Rs./MT) (Rs./MT) (Rs. cr.) Q2 FY18 15,744 69,795 8,032 43,787 146.4 32.0 Q2 FY17 14,260 69,636 5,705 41,257 125.2 20.5 % Shift 10.4 0.2 40.8 6.1 1
Slide 18: Sugar
Sugar Operational Financial Revenues Cap. Sales (Net) PBIT Employed Particulars Realisations (Rs./Qtl) (Lac Qtls) (Rs. cr.) (Rs. cr.) (Rs. cr.) Q2 FY18 13.2 3,724 516.5 74.1 476.9 Q2 FY17 9.8 3,510 372.7 62.5 715.5 % Shift 34.5 6.1 38.6 18.5 (33.3) H1 FY18 28.9 3,675 1,142.2 182.2 476.9 H1 FY17 17.1
Slide 19: Agri- Input Businesses
Agri- Input Businesses The Agri input businesses contributed to 27% of the Company’s revenues during Q2 FY 18. 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 and
Slide 20: Shriram Farm Solutions
Shriram Farm Solutions Revenues (Net) Cap. Employed Particulars PBIT (Rs. cr.) (Rs. cr.) (Rs. cr.) Q2 FY18 151.7 6.8 347.5 Q2 FY17 241.9 -3.1 456.5 % Shift (37.3) - (23.9) H1 FY18 428.4 17.4 347.5 H1 FY17 528.6 7.9 456.5 % Shift (19.0) 120.2 (23.9) The portfolio comprises Value-added products such a
Slide 21: Bioseed
Bioseed Revenues (Net) Cap. Employed Particulars PBIT (Rs. cr.) (Rs. cr.) (Rs. cr.) Q2 FY18 80.0 (2.2) 491.0 Q2 FY17 66.2 (8.1) 441.7 % Shift 20.9 - 11.2 H1 FY18 386.5 77.1 491.0 H1 FY17 346.9 52.6 441.7 % Shift 11.4 46.7 11.2 Bioseed business is intensely research based and is diversified across ke
Slide 22: Fertilisers (Urea)
Fertilisers (Urea) Operational Financial Revenues Sales PBIT Cap. Employed Particulars Realisations (Rs./MT) (Net) (MT) (Rs. cr.) (Rs. cr.) (Rs. cr.) Q2 FY18 106,340 18,117 196.4 33.2 340.9 Q2 FY17 93,169 17,746 173.7 5.6 209.4 % Shift 14.1 2.1 13.1 495.7 62.8 H1 FY18 195,113 18,285 364.3 34.3 340.9
Slide 23: Other Businesses
Other Businesses DCM Shriram’s other operations, reported as ‘Others’ in the financial results, include its businesses of Cement, Fenesta Building Systems and Hariyali Kisaan Bazar. Revenues under ‘Others’ stood at Rs 189 crores in the quarter under review compared to Rs. 188 crores in Q2 FY 17. PBI
Slide 24: Fenesta Building Systems
Fenesta Building Systems Operational Financial Order Book Revenues (Net) Particulars (Rs cr.) (Rs. cr.) Q2 FY18 94.0 85.1 Q2 FY17 132.1 62.9 % Shift (28.8) 35.3 H1 FY18 170.4 162.3 H1 FY17 213.7 123.2 % Shift (20.3) 31.7 Fenesta a pan India brand has become synonymous with UPVC windows. Includes Ret
Slide 25: Cement
Cement Operational Financial Sales Revenues PBIT Particulars Realisations (Rs./MT) (MT) (Rs. cr.) (Rs. cr.) Q2 FY18 111,058 3,017 44.6 3.4 Q2 FY17 115,489 3,345 46.3 0.5 % Shift (3.8) -9.8 -3.8 - H1 FY18 238,555 3,153 94.1 8.5 H1 FY17 263,964 3,297 102.4 8.0 % Shift (9.6) -4.4 -8.1 6.6 The Cement bu
Slide 26: 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