Gfl Ltd · NSE:GFLLIMITED
Gfl — Gujarat Fluorochemicals — Q2 FY18 Earnings Presentation
22 slides from Gfl's earnings presentation, Nov 10, 2017
Slide 1: Quarterly Investor Update Q2 & H1 FY18
QUARTERLY INVESTOR UPDATE GUJARAT FLUOROCHEMICALS LIMITED Q2 & H1 FY18
Slide 2: Disclaimer
DISCLAIMER This presentation and the following discussion may contain “forward looking statements” by Gujarat Fluorochemicals Limited (“GFL” or “the Company”) that are not historical in nature. These forward looking statements, which may include statements relating to future state of affairs, result
Slide 3: Discussion Summary
DISCUSSION SUMMARY KEY HIGHLIGHTS Q2 & H1 FY18 RESULTS HIGHLIGHTS CONSOLIDATED RESULTS CHEMICALS BUSINESS WIND TURBINE MANUFACTURING BUSINESS WIND FARMING BUSINESS FILM EXHIBITION BUSINESS BALANCE SHEET UPDATE SHAREHOLDING STRUCTURE FINANCIAL SUMMARY ANNEXURE 3
Slide 4: Key Highlights
KEY HIGHLIGHTS Significant improvement in chemicals business led by higher sales in PTFE and VAP segments CHEMICALS BUSINESS Chemicals business revenues up 27%, EBITDA up 107%, PAT up 151% in Q2 FY18 vs. Q2 FY17 (YoY) Results impacted due to temporary downturn in the Indian Wind Power market a
Slide 5: Q2 & H1 FY18 Results
Q2 & H1 FY18 RESULTS 5
Slide 6: Consolidated Results
Q2 & H1 FY18 – RESULTS HIGHLIGHTS CONSOLIDATED RESULTS Q2 FY18 YoY ANALYSIS REVENUES* EBITDA ** & EBITDA MARGIN PAT & PAT MARGIN 17.5% 22.6% 7.2% 6.8% 1,545.1 875.4 271.1 110.9 197.5 59.8 43 % 27 % 46 % Q2 FY17 Q2 FY18 Q2 FY17 Q2 FY18 Q2 FY17 Q2 FY18 EBIDTA EBIDTA % PAT PAT % H1 FY18 YoY ANALYSIS RE
Slide 7: Consolidated Revenues Breakup
Q2 & H1 FY18 – RESULTS HIGHLIGHTS CONSOLIDATED REVENUES BREAKUP In Rs. Cr CONSOLIDATED REVENUES – BUSINESS WISE BREAKUP 1,545.1 297.4 2,665.7 5% 10 % 78.4 634.3 875.4 1960.6 139.9 16 % 2% 800.2 311.3 698.7 1,235.2 90 % 65.5 85 % 142.1 79.5 185.5 360.9 458.6 961.0 27 % 761.2 26 % 8.2 -39.5 -104.9 -26
Slide 8: Consolidated EBITDA Breakup
Q2 & H1 FY18 – RESULTS HIGHLIGHTS CONSOLIDATED EBITDA BREAKUP In Rs. Cr CONSOLIDATED EBITDA – BUSINESS WISE BREAKUP 501.9 89.3 402.5 271.1 63 % 35 % 27.2 197.5 122.5 120.3 69.9 67 % 53 % 44.4 57.2 22.7 119 % 146.8 122 % 101.1 154.3 258.9 107 % 154.2 68 % 74.7 -1.8 -19.6 -4.3 -10.9 -33.0 -0.9 Q2 FY17
Slide 9: Consolidated PAT Breakup
Q2 & H1 FY18 – RESULTS HIGHLIGHTS CONSOLIDATED PAT BREAKUP In Rs. Cr CONSOLIDATED PAT – BUSINESS WISE BREAKUP 110.9 59.8 1.6 631 % 65 % 118.4 15.9 11.7 175.0 11.1 43.8 30 % 26.5 49 % 19.1 9.7 56.5 183 % 68.3 226 % 88.7 152.0 35.3 151 % 68.5 122 % 1.6 -4.9 -7.4 -1.2 -85.8 -46.8 Q2 FY17 Q2 FY18 H1 FY1
Slide 10: Chemicals Business - Standalone Results
Q2 & H1 FY18 – RESULTS HIGHLIGHTS CHEMICALS BUSINESS - STANDALONE RESULTS Q2 FY18 YoY ANALYSIS REVENUES* EBITDA ** & EBITDA MARGIN PAT & PAT MARGIN 458.6 19.3% 33.6% 9.8% 360.9 20.7% 88.7 154.3 27 % 74.7 107 % 35.3 151 % Q2 FY17 Q2 FY18 Q2 FY17 Q2 FY18 Q2 FY17 Q2 FY18 PAT PAT % EBIDTA EBIDTA % H1 FY
Slide 11: Chemicals Business - Standalone Results Revenue Breakup
Q1 FY18 – RESULTS HIGHLIGHTS CHEMICALS BUSINESS - STANDALONE RESULTS In Rs. Cr Q2 FY18 YoY ANALYSIS - REVENUES BREAKUP H1 FY18 YoY ANALYSIS - REVENUES BREAKUP 961.0* 458.6 27 % 63.0 360.9* 33 % 33.1 761.2* 50.9 21.4 349 % 24.9 192 % 49.4 11.3 365.2 7.4 172.3 46 % 115.8 49 % 250.9 16 % 50.5 18 % 59.6
Slide 12: Wind Turbine Manufacturing Business (Inox Wind Limited)
Q2 & H1 FY18 – RESULTS HIGHLIGHTS WIND TURBINE MANUFACTURING BUSINESS (INOX WIND LIMITED) Q2 FY18 YoY ANALYSIS REVENUES* EBITDA ** and EBITDA MARGIN PAT and PAT MARGIN 12.6% 7.0% -58.9% -24.7% 800.2 101.1 56.5 183 % 90 % 119 % 79.5 (46.8) (19.6) Q2 FY17 Q2 FY18 Q2 FY17 Q2 FY18 Q2 FY17 Q2 FY18 EBIDTA
Slide 13: Wind Farming Business (Inox Renewables Limited)
Q2 & H1 FY18 – RESULTS HIGHLIGHTS WIND FARMING BUSINESS (INOX RENEWABLES LIMITED) Q2 FY18 YoY ANALYSIS REVENUES* EBITDA ** and EBITDA MARGIN PAT 89.1% 20.2% 34.7% 16.9% 78.4 65.5 69.9 15.9 11.1 16 % 67 % 30 % 22.7 Q2 FY17 Q2 FY18 Q2 FY17 Q2 FY18 Q2 FY17 Q2 FY18 EBIDTA EBIDTA % PAT PAT % H1 FY18 YoY
Slide 14: Film Exhibition Business (Inox Leisure Limited)
Q2 & H1 FY18 – RESULTS HIGHLIGHTS FILM EXHIBITION BUSINESS (INOX LEISURE LIMITED) Q2 FY18 YoY ANALYSIS REVENUES* EBITDA ** and EBITDA MARGIN PAT and PAT MARGIN 297.4 311.3 14.3% 3.8% 9.1% 0.5% 44.4 11.7 5% 27.2 63 % 631 % 1.6 Q2 FY17 Q2 FY18 Q2 FY17 Q2 FY17 Q2 FY17 Q2 FY18 EBIDTA EBIDTA % PAT PAT %
Slide 15: Shareholding Structure
SHAREHOLDING STRUCTURE Share Price Performance Market Data As on 09.11.17 (BSE) 900.00 Market capitalization (Rs Cr) 9708.02 800.00 Price (Rs.) 883.35 No. of shares outstanding (Cr) 10.99 700.00 Face Value (Rs.) 1.0 600.00 May-17 Jun-17 Jul-17 Aug-17 Sep-17 Oct-17 52 week High-Low (Rs.) 959.0 – 451.
Slide 16: Annexures
ANNEXURES . ba fan mane fern SPO +i —— 4 i te a se *Mh
Slide 17: Detailed Financials: Standalone P&L Statement
DETAILED FINANCIALS STANDALONE P&L STATEMENT Particulars (In Rs Cr) Q2 FY18 Q2 FY17 YoY % Q1 FY18 QoQ % H1 FY18 H1 FY17 YoY % Total Income from Operations 458.6 360.9 27.1% 502.3 -8.7% 961.0 761.2 26.2% Cost of Material Consumed 132.4 93.2 42.0% 115.1 15.0% 247.5 187.1 32.3% Purchases of stock-in-tr
Slide 18: Detailed Financials: Standalone Balance Sheet
DETAILED FINANCIALS STANDALONE BALANCE SHEET Particulars (Rs Cr) SEP-17 Particulars (Rs Cr) SEP-17 Share Holders’ Funds: Non-current Assets: Equi ty Share Capi tal 11.0 Property, Pl ant & Equi pment 1,844.3 Capi tal Work-i n-progres s 198.3 Other Equi ty 3,130.8 Inves tment Property 10.6 Total of Sh
Slide 19: Detailed Financials: Consolidated P&L Statement
DETAILED FINANCIALS CONSOLIDATED P&L STATEMENT Particulars (In Rs Cr) Q2 FY18 Q2 FY17 YoY % Q1 FY18 QoQ % H1 FY18 H1 FY17 YoY % Total Income from Operations 875.4 1,545.1 -43.3% 1,085.2 -19.3% 1,960.6 2,665.7 -26.5% Cost of Material Consumed 152.7 579.4 -73.6% 160.7 -5.0% 313.4 989.3 -68.3% Purchase
Slide 20: Detailed Financials: Consolidated Balance Sheet
DETAILED FINANCIALS CONSOLIDATED BALANCE SHEET Particulars (Rs Cr) SEP-17 Particulars (Rs Cr) SEP-17 Share Holders’ Funds: Non-current Assets: Property, Pl a nt & Equi pment 3,355.6 Equity Share Capital 11.0 Ca pi ta l Work-i n-progres s 553.2 Other Equity 4,593.0 Inves tment Property 10.0 Total of
Slide 21: Group Overview: Strong Pedigree
GROUP OVERVIEW STRONG PEDIGREE USD $3 Billion Inox Group 90 Year track record of 10,000+ employees at 150+ Distribution network spread diversified across 7 different consistent business growth business units across India over 50+ countries businesses Listed Companies Other Key Companies Gujarat Fluo
Slide 22: For Further Queries
FOR FURTHER QUERIES: Deepak Asher Director and Group Head (Corporate Finance) Email : deepakasher@gfl.co.in Bhavin Desai Company Secretary Email : bvdesai@gfl.co.in 22
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