Slide 1: Exchange filing cover letter
The Corporate Relationship Department, National Stock Exchange of India Limited BSE Limited “Exchange Plaza” Ist Floor , New Trading Ring Rotunda Bandra-Kurla Complex Building, P.J. Towers Bandra (E) Dalal Street, Mumbai 400 051 Mumbai 400 001 Scrip Code- 503806 Scrip Code-SRF SRF/SEC/BSE/NSE 5th Ju
Slide 2: Q4 & FY20 Results Presentation
SRF Limited We always find a better way June 05, 2020 Q4 & FY20 Results Presentation L2 : SRF-Internal
Slide 3: Disclaimer
Disclaimer Certain statements in this document may be forward-looking statements. Such forward- looking statements are subject to certain risks and uncertainties like regulatory changes, local, political or economic developments, and many other factors that could cause our actual results to differ m
Slide 4: Contents
Contents Q4 & FY20 Results Overview 04 Q4 & FY20 Segmental Performance 09 Company Overview 24 Outlook 27 L2 : SRF-Internal 3
Slide 5: We always find a better way
— ll We always find a better way
Slide 6: Abridged Results Overview
Abridged Results Overview Consolidated figures Particulars (Rs. Crore) Q4 FY20 Q4 FY19 % Y-o-Y FY20 FY19 % Y-o-Y Gross Operating Revenue 1,857.8 1,937.0 -4.1% 7,209.4 7,099.6 1.5% EBIDTA 394.7 390.1 1.2% 1,507.5 1,348.9 11.8% EBIDTA Margin (%) 21.2% 20.1% 20.9% 19.0% Depreciation 101.4 94.9 6.8% 388
Slide 7: Results Overview - Financial Overview
Results Overview - Financial Overview Key Financial Ratios Particulars FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 EBITDA Margin 17.59% 13.59% 20.43% 22.13% 21.42% 17.69% 19.00% 20.9% PAT Margin 6.69% 4.04% 8.78% 9.51% 10.87% 8.38% 8.33% 12.7% Net Debt to Equity 0.71 1.01 0.99 0.73 0.67 0.82 0.83 0.75 N
Slide 8: Results Overview - Revenue & EBIT
Results Overview - Revenue & EBIT Revenues (Rs. Crore) EBIT (Rs. Crore) 882 840 166 159 602 623 131 106 404 317 48 37 58 71 5 6 TTB CB PFB Others TTB CB PFB Others Q4 FY20 Q4 FY19 Q4 FY20 Q4 FY19 556 511 2,975 411 2,604 2,653 384 2,445 1,735 261 1,358 151 278 272 32 22 TTB CB PFB Others TTB CB PFB O
Slide 9: Results Overview - Revenue Share
Results Overview - Revenue Share Q4 FY20 Q4 FY19 17.1% 3.1% 20.9% 3.7% 32.4% 32.1% 47.5% 43.3% CB FY20 FY19 PFB 3.9% 3.8% 18.8% TTB 24.4% 36.1% 37.3% Others 41.2% 34.4% CB – Chemicals Business; PFB - PackagingL2Films Business; TTB – Technical Textiles Business; Others : SRF-Internal 8
Slide 10: Chemicals, Packaging Films, Technical Textiles, Others
Packaging Technical Chemicals Others Films Textiles L2 : SRF-Internal
Slide 11: Chemicals Business
Ghemicals Business L2 : SRF-Internal
Slide 12: Chemicals Business - Results Update
Chemicals Business - Results Update Segment % Contribution to % Contribution to (Rs. Crore) EBIT % EBIT Margins Revenues Revenues EBIT Q4 FY20 881.9 47.5% 158.9 18.0% 47.8% Q4 FY19 840.0 43.3% 166.0 19.8% 51.1% % Shift 5.0% -4.3% FY20 2,975.0 41.2% 511.5 17.2% 40.9% FY19 2,445.4 34.4% 384.3 15.7% 35
Slide 13: Chemicals Business - Key Highlights (Specialty Chemicals)
Chemicals Business - Key Highlights Specialty Chemicals Business • The segment delivered a healthy performance owing to: • Improved demand from both Agro and Pharma customers • Better utilization of enhanced capacities • The Company continues to focus on keeping the product funnel full COVID-19 Impa
Slide 14: Chemicals Business - Key Highlights (Fluorochemicals)
Chemicals Business - Key Highlights Fluorochemicals Business • The segment experienced pressure on margins due to: • Slowdown in the Auto sector • Drop in global prices of refrigerants • Chloromethanes capacity is fully utilized for both external sales and backward integration • The Company is focus
Slide 15: Chemicals Business - Chemicals Technology Group
Chemicals Business - Key Highlights Chemicals Technology Group Chemicals Technology Group (CTG) is actively engaged in the development of new process technologies – Key focus on high end molecules Strong internal competencies and capabilities – Equipped with state-of-the-art R&D facilities and an in
Slide 16: Packaging Films Business
L2 : SRF-Internal ackaging Films Business
Slide 17: Packaging Films Business - Results Update
Packaging Films Business - Results Update Segment % Contribution % EBIT % Contribution to (Rs. Crore) EBIT Revenues to Revenues Margins EBIT Q4 FY20 601.5 32.4% 130.7 21.7% 39.4% Q4 FY19 623.1 32.1% 17.0% 32.5% 105.7 % Shift -3.5% 23.7% FY20 2,604.0 36.1% 555.6 21.3% 44.4% FY19 2,653.3 37.3% 411.5 1
Slide 18: Packaging Films Business - Key Highlights
Packaging Films Business - Key Highlights Packaging Films Business • The segment delivered encouraging performance due to: • Continued focus on volume growth, product mix and various sustainability initiatives • Contribution from Value Added Products continues to grow • Better margins due to product
Slide 19: Technical Textiles Business
Technical Textiles Business L2 : SRF-Internal 18
Slide 20: Technical Textiles Business - Results Update
Technical Textiles Business - Results Update Segment % Contribution % EBIT % Contribution to (Rs. Crore) EBIT Revenues to Revenues Margins EBIT Q4 FY20 316.8 17.1% 37.2 11.7% 11.2% Q4 FY19 404.2 20.9% 47.5 11.8% 14.6% % Shift -21.6% -21.7% FY20 1,357.6 18.8% 151.5 11.2% 12.1% FY19 1,734.9 24.4% 261.
Slide 21: Technical Textiles Business - Key Highlights
Technical Textiles Business - Key Highlights Tyre Cord Fabric, Belting Fabric & Polyester Industrial Yarn • Performance of the Tyre Cord Fabric segment remained under severe pressure due to : • A slump in the auto sector • A challenging macro economic environment • Repeat orders from Belting Fabric
Slide 22: Others
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Slide 23: Others - Results Update
Others - Results Update Segment % Contribution % EBIT % Contribution to (Rs. Crore) EBIT Revenues to Revenues Margins EBIT Q4 FY20 57.7 3.1% 5.28 9.1% 1.6% Q4 FY19 70.9 3.7% 5.71 8.1% 1.8% % Shift -18.6% -7.5% FY20 278.3 3.9% 31.8 11.4% 2.5% FY19 271.6 3.8% 21.8 8.0% 2.0% % Shift 2.5% 45.6% Consolid
Slide 24: Others - Key Highlights
Others- Key Highlights Coated Fabrics • SRF maintains its leadership position in the Coated Fabrics business • Performance in the Coated Fabrics segment was broadly in line with the expectations • Low movement of new vehicles impacted tarpaulin sales Laminated Fabrics • Severe oversupply situation p
Slide 25: Company Overview
L2 : SRF-Internal
Slide 26: Overview - Business Profile
Overview - Business Profile Revenue EBIT No. of Plants Chemicals Fluorochemicals Specialty Chemicals • Refrigerants • Organic intermediates for agro & 2,975 511 2 • Pharma propellants pharma • Industrial chemicals Packaging Films for Flexible Packaging Films 2,604 556 5 • Bi-axially Oriented Polyeth
Slide 27: Overview Growth Levers
Overview Growth Levers Focus on building Nurture innovation leadership businesses through R&D Build and maintain Reposition portfolio market leadership in towards knowledge business segments based products Build a Company known and respected for its R&D capabilities Focus on building knowledge bas
Slide 28: Outlook
L2 : SRF-Internal
Slide 29: Outlook - Chemicals Business
Outlook - Chemicals Business Focus on expanding to new markets / geographies and product offerings Focus on ramping up sales from recently commissioned HFC plants; H2 FY 20 likely to have strong market pull Margin expansion expected due to higher operating leverage Focus on moving up the value chain
Slide 30: Outlook - Packaging Films Business
Outlook - Packaging Films Business Overall the global packaging films industry is witnessing improvement in capacity utilization; hygienic packaging requirements post COVID-19 may lead to high demand Commissioned a BOPET film line of 40,000 TPA at Thailand in May 2020 at an approximate cost of USD 5
Slide 31: Outlook - Technical Textiles Business
Outlook - Technical Textiles Business Due to COVID-19, the demand for NTCF continues to remain under pressure as tyre sales are weak Replacement demand likely to kick in towards end of Q2 FY 20 Capacities rationalization across various plants to assist higher operating leverage and cost optimization
Slide 32: About Us
About Us Established in 1970, SRF Limited with an annual turnover of ₹7,062 crore (US$ 942 million) is a chemical based multi-business entity engaged in the manufacturing of industrial and specialty intermediates. The company’s diversified business portfolio covers Technical Textiles, Fluorochemical
Slide 33: We always find a better way
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