Gfl Ltd · NSE:GFLLIMITED
Gfl — Gujarat Fluorochemicals — Q3 FY2015 Earnings Presentation
40 slides from Gfl's earnings presentation, 2015
Slide 1: Earnings Presentation Q3 FY2015
Gujarat Fluorochemicals Limited Earnings Presentation Q3 FY2015
Slide 2: Company Performance (Consolidated) - Total Income from Operations
Company Performance (Consolidated) Total Income from Operations – Rs crores 4000 3788 3452 3500 3000 2500 2258 2000 1621 1500 1276 1000 858 891 695 705 500 0 FY2014 FY2014 FY2014 FY2014 FY2015 FY2015 FY2015 FY2014 FY2015 Q1 Q2 Q3 Q1 Q2 Q3 9M 9M
Slide 3: Company Performance (Consolidated) - EBITDA
Company Performance (Consolidated) Earnings Before Interest, Tax and Depreciation – Rs crores 900 795 800 700 644 600 486 500 400 297 308 300 190 200 168 171 147 100 0 FY2014 FY2014 FY2014 FY2014 FY2015 FY2015 FY2015 FY2014 FY2015 Q1 Q2 Q3 Q1 Q2 Q3 9M 9M
Slide 4: Company Performance (Consolidated) - PAT Before Minority Interest
Company Performance (Consolidated) Profit After Tax (Before Minority Interest) - Rs crores 350 311 300 250 227 200 166 150 137 122 100 70 61 52 50 36 0 FY2014 FY2014 FY2014 FY2014 FY2015 FY2015 FY2015 FY2014 FY2015 Q1 Q2 Q3 Q1 Q2 Q3 9M 9M
Slide 5: Company Performance (Consolidated) - PAT After Minority Interest
Company Performance (Consolidated) Profit After Tax (After Minority Interest) - Rs crores 300 257 250 200 186 150 139 106 107 100 55 56 50 44 28 0 FY2014 FY2014 FY2014 FY2014 FY2015 FY2015 FY2015 FY2014 FY2015 Q1 Q2 Q3 Q1 Q2 Q3 9M 9M
Slide 6: Chemical Business - Caustic Soda Plant Sales
Chemical Business Caustic Soda Plant Sales ( MT) 120000 111994 100000 83932 77950 80000 60000 40000 28355 29802 25775 25824 27050 25076 20000 0 FY2014 FY2014 FY2014 FY2014 FY2015 FY2015 FY2015 FY2014 FY2015 Q1 Q2 Q3 Q1 Q2 Q3 9M 9M
Slide 7: Chemical Business - CMS Plant Sales
Chemical Business CMS Plant Sales ( MT) 80000 71174 70000 60000 54996 50000 45069 40000 30000 19089 20427 20000 15480 15359 15577 14133 10000 0 FY2014 FY2014 FY2014 FY2014 FY2015 FY2015 FY2015 FY2014 FY2015 Q1 Q2 Q3 Q1 Q2 Q3 9M 9M
Slide 8: Chemical Business - HCFC-22 Plant Sales
Chemical Business HCFC-22 Plant Sales ( MT) 10000 9000 8694 8068 8000 7000 5960 6000 5000 3976 4000 3000 2620 2410 2049 2000 1501 1472 1000 0 FY2014 FY2014 FY2014 FY2014 FY2015 FY2015 FY2015 FY2014 FY2015 Q1 Q2 Q3 Q1 Q2 Q3 9M 9M
Slide 9: Chemical Business - PTFE Plant Sales
Chemical Business PTFE Plant Sales ( MT) 9000 8026 8000 6969 7000 5960 6000 5000 4000 3000 2528 2072 2220 2221 1983 1905 2000 1000 0 FY2014 FY2014 FY2014 FY2014 FY2015 FY2015 FY2015 FY2014 FY2015 Q1 Q2 Q3 Q1 Q2 Q3 9M 9M
Slide 10: Chemical Business - Total Income from Operations
Chemical Business Total Income from Operations – Rs crores 1200 1140 1000 974 832 800 600 400 358 315 332 263 284 254 200 0 FY2014 FY2014 FY2014 FY2014 FY2015 FY2015 FY2015 FY2014 FY2015 Q1 Q2 Q3 Q1 Q2 Q3 9M 9M
Slide 11: Chemical Business - EBITDA
Chemical Business Earnings Before Interest, Tax and Depreciation – Rs crores 300 255 256 250 197 200 150 103 100 84 67 66 64 69 50 0 FY2014 FY2014 FY2014 FY2014 FY2015 FY2015 FY2015 FY2014 FY2015 Q1 Q2 Q3 Q1 Q2 Q3 9M 9M*
Slide 12: Chemical Business - Profit After Tax
Chemical Business Profit After Tax – Rs crores 90 82 80 74 70 65 60 50 40 38 30 26 27 24 20 17 15 10 0 FY2014 FY2014 FY2014 FY2014 FY2015 FY2015 FY2015 FY2014 FY2015 Q1 Q2 Q3 Q1 Q2 Q3 9M 9M
Slide 13: Wind Turbine Manufacturing - WTG Sold
Wind Turbine Manufacturing WTG Sold (MW) * 400 380 350 330 300 250 200 198 200 150 114 100 70 68 66 60 50 0 FY2014 FY2014 FY2014 FY2014 FY2015 FY2015 FY2015 FY2014 FY2015 Q1 Q2 Q3 Q1 Q2 Q3 9M 9M *The chart represents Nascelle and Hub supplied by IWL. For Q1, Q2 and Q3 of FY 2014 IWL sold 30, 35 and
Slide 14: Wind Turbine Manufacturing - WTG Commissioned
Wind Turbine Manufacturing WTG Commissioned (MW)* 200 180 180 160 150 150 140 120 100 80 60 40 30 18 20 20 0 2 0 0 FY2014 FY2014 FY2014 FY2014 FY2015 FY2015 FY2015 FY2014 FY2015 Q1 Q2 Q3 Q1 Q2 Q3 9M 9M *IWL has manufactured one prototype WTG which is commissioned in the name of IWL in Q2 FY 2014
Slide 15: Wind Turbine Manufacturing - Total Income from Operations
Wind Turbine Manufacturing Total Income from Operations – Rs crores 2000 1780 1800 1567 1600 1400 1200 1000 932 877 800 600 543 400 318 284 304 275 200 0 FY2014 FY2014 FY2014 FY2014 FY2015 FY2015 FY2015 FY2014 FY2015 Q1 Q2 Q3 Q1 Q2 Q3 9M 9M FY14 financials are audited. However the interim financials
Slide 16: Wind Turbine Manufacturing - EBITDA
Wind Turbine Manufacturing Earnings Before Interest, Tax and Depreciation – Rs crores 350 300 287 250 200 176 153 150 122 100 87 42 47 47 50 33 0 FY2014 FY2014 FY2014 FY2014 FY2015 FY2015 FY2015 FY2014 FY2015 Q1 Q2 Q3 Q1 Q2 Q3 9M 9M FY14 financials are audited. However the interim financials for 3 m
Slide 17: Wind Turbine Manufacturing - Profit After Tax
Wind Turbine Manufacturing Profit After Tax – Rs crores 200 179 180 160 140 132 120 101 100 86 80 60 55 40 34 34 19 23 20 0 FY2014 FY2014 FY2014 FY2014 FY2015 FY2015 FY2015 FY2014 FY2015 Q1 Q2 Q3 Q1 Q2 Q3 9M 9M FY14 financials are audited. However the interim financials for 3 months & 9 months perio
Slide 18: Overview
Overview Key Milestones IWL was incorporated; Entered into technology & license One of India’s Leading Wind Power Solutions 2009 agreements for WTGs with AMSC and rotor blades with Providers WINDnovation Exclusive(1) and Perpetual License from AMSC to Commenced commercial operations Manufacture
Slide 19: Regulatory Impetus to Increase Share of Renewable Power – Driven by Wind Energy
Regulatory Impetus to Increase Share of Renewable Power – Driven by Wind Energy Going forward, wind power is expected to drive an increasing share of renewable due to following positive factors associated with wind power: No dependency on global commodity markets Renewable Energy is Expected to
Slide 20: In-house Manufacturing Capabilities Ensuring High Quality WTGs
In-house Manufacturing Capabilities Ensuring High Quality WTGs Plant Una, Himachal Pradesh Location Himachal Pradesh Annual 400 nacelles; 400 hubs Capacity Gujarat Madhya Pradesh Plant Barwani, Madhya Location Pradesh Annual Plant Under Construction Ahmedabad, Gujarat Capacity Location Ann
Slide 21: Power Curves of Competing WTGs in India
Power Curves of Competing WTGs in India 2,500 ENERCON E 53 (800 KW) 2,000 Gamesa G-90 (2.0MW) GE 1.5sle (1.5 MW) Inox DF2000WT93.3 (2.0 MW) 1,500 Inox DF2000WT100 (2.0 MW) ReGen Vensys 77 (1.5 MW) Suzlon S-82V3 (1.5 MW) 1,000 Suzlon S-95 DFIG (2.1 MW) Vestas V-82 (1.65 MW) Vestas V-100 (1.8 MW) 500
Slide 22: Strong Order Book with Diversified Customer Base
Strong Order Book with Diversified Customer Base Successful Track Record So Far As of December 31, 2014, Inox Wind has sold an aggregate of 521 WTGs with a total capacity of 1,042 MW(1) Strong Order Book Order book comprises of orders from diversified base of customers including private companie
Slide 23: Ready Pipeline of Project Sites
Ready Pipeline of Project Sites Has acquired access to Project Sites and is in the process of acquiring access to Wind Sites Under Acquisition which are suitable for the installation of an aggregate capacity of at least 4,052 MW(1) as of December 31, 2014 Wind Site under Project Site State Acquisiti
Slide 24: Income Statement
Income Statement (INR mm) FY10 FY11 FY12 FY13 FY14(1) 9MFY14(1) 9MFY15(1) Revenue from operations 78.5 719.2 6,216.1 10,589.1 15,668.1 8,773.9 17,798.9 Cost of materials consumed 70.9 517.7 4,288.8 7,697.8 12,131.2 6,350.3 13,252.1 Employee benefits expense 3.2 38.0 145.9 249.8 384.3 283.2 391.1 Oth
Slide 25: Balance Sheet
Balance Sheet (INRmm) FY10 FY11 FY12 FY13 FY14(1) Net fixed asset 734.0 1,126.0 1,424.2 1,606.7 1,976.8 Goodwill on consolidation - - - - 16.5 Non Current Investment - - - 0.0 0.0 Deferred tax assets (net) 0.1 19.8 - 0.1 60.6 Long-term loans and advances 55.6 76.5 279.4 625.2 913.1 Other non current
Slide 26: Wind Farming Business - Wind Farms in Operations
Wind Farming Business Wind Farms in Operations (MW) 214.00 213.10 213.10 213.10 213.10 212.00 210.00 208.00 206.00 204.00 203.10 203.10 203.10 203.10 203.10 202.00 200.00 198.00 FY2014 FY2014 FY2014 FY2014 FY2015 FY2015 FY2015 FY2014 FY2015 Q1 Q2 Q3 Q1 Q2 Q3 9M 9M
Slide 27: Wind Farming Business - Total Income from Operations
Wind Farming Business Total Income from Operations – Rs crores 200 180 175 160 155 137 140 120 100 80 71 54 57 60 50 40 33 27 20 0 FY2014 FY2014 FY2014 FY2014 FY2015 FY2015 FY2015 FY2014 FY2015 Q1 Q2 Q3 Q1 Q2 Q3 9M 9M
Slide 28: Wind Farming Business - EBITDA
Wind Farming Business Earnings Before Interest, Tax and Depreciation – Rs crores 180 157 160 145 140 126 120 100 80 68 60 51 54 46 40 29 23 20 0 FY2014 FY2014 FY2014 FY2014 FY2015 FY2015 FY2015 FY2014 FY2015 Q1 Q2 Q3 Q1 Q2 Q3 9M 9M
Slide 29: Wind Farming Business - Profit After Tax
Wind Farming Business Profit After Tax – Rs crores 30 26 25 22 20 17 15 15 15 10 10 5 2 0 FY2014 FY2014 FY2014 FY2014 FY2015 FY2015 FY2015 FY2014 FY2015 Q1 Q2 Q3 Q1 Q2 Q3 9M 9M -5 -4 -6 -10
Slide 30: Existing Projects – Operational Portfolio of 213 MW
Wind Farming Business Existing Projects – Operational Portfolio of 213 MW Gude- Chettikurichi / Project Sadiya Ossiya Dangri Bhendewade Panchgani Vavathur State Maharashtra Rajasthan Rajasthan Tamilnadu Rajasthan Maharashtra Capacity (MW) 23.1 12 30 4 134 10 Vestas Suzlon Suzlon Inox Inox Inox Techn
Slide 31: Cinema Exhibition Business - One of the Largest Multiplex Chains in India
Cinema Exhibition Business One of the Largest Multiplex Chains in India PUNJAB UTTAR PRADESH 1 Properties | 6 Screens 3 Properties | 13 Screens DELHI JHARKHAND 4 Properties | 13 Screens 1 Property | 4 Screens HARYANA 17 WEST BENGAL 6 Properties | 19 Screens 14 Properties | 55 ScreensStates RAJASTHAN
Slide 32: Cinema Exhibition Business - Footfalls
Cinema Exhibition Business Footfalls – in Lakhs 450 400 386 350 327 303 300 250 200 150 107 108 112 116 99 100 88 50 0 FY2014 FY2014 FY2014 FY2014 FY2015 FY2015 FY2015 FY2014 FY2015 Q1 Q2 Q3 Q1 Q2 Q3 9M 9M
Slide 33: Cinema Exhibition Business - Average Ticket Price
Cinema Exhibition Business Average Ticket Price (ATP) – in Rupees 180 175 175 170 166 165 163 162 160 159 157 156 156 155 153 150 145 140 FY2014 FY2014 FY2014 FY2014 FY2015 FY2015 FY2015 FY2014 FY2015 Q1 Q2 Q3 Q1 Q2 Q3 9M 9M
Slide 34: Cinema Exhibition Business - Spend Per Head & F&B
Cinema Exhibition Business Spent Per Head (SPH) & F&B contribution – in Rupees 60 56 56 55 53 51 49 49 48 49 50 43 43 42 41 40 38 36 36 35 36 30 20 10 0 FY2014 FY2014 FY2014 FY2014 FY2015 FY2015 FY2015 FY2014 FY2015 Q1 Q2 Q3 Q1 Q2 Q3 9M 9M
Slide 35: Cinema Exhibition Business - Advertising and Other Operating Income per Screen
Cinema Exhibition Business Advertising and Other Operating Income per Screen – Rs lakhs 40 37.9 35 31.3 30 29.1 25 20 15 12.7 12.1 9.8 10.3 10 9.2 8.2 5 0 FY2014 FY2014 FY2014 FY2014 FY2015 FY2015 FY2015 FY2014 FY2015 Q1 Q2 Q3 Q1 Q2 Q3 9M 9M
Slide 36: Cinema Exhibition Business - Total Income from Operations
Cinema Exhibition Business Total Income from Operations – Rs crores 1000 900 869 799 800 700 680 600 500 400 301 300 266 229 237 232 214 200 100 0 FY2014 FY2014 FY2014 FY2014 FY2015 FY2015 FY2015 FY2014 FY2015 Q1 Q2 Q3 Q1 Q2 Q3 9M 9M
Slide 37: Cinema Exhibition Business - EBITDA
Cinema Exhibition Business Earnings Before Interest, Tax and Depreciation – Rs crores 140 131 120 117 108 100 80 60 50 39 41 40 37 28 30 20 0 FY2014 FY2014 FY2014 FY2014 FY2015 FY2015 FY2015 FY2014 FY2015 Q1 Q2 Q3 Q1 Q2 Q3 9M 9M
Slide 38: Cinema Exhibition Business - Profit After Tax
Cinema Exhibition Business Profit After Tax – Rs crores 40 37 35 35 30 25 24 20 15 15 14 14 10 6 5 5 5 0 FY2014 FY2014 FY2014 FY2014 FY2015 FY2015 FY2015 FY2014 FY2015 Q1 Q2 Q3 Q1 Q2 Q3 9M 9M
Slide 39: Disclaimer
Disclaimer “Inox Wind Limited is proposing, subject to market conditions and other considerations, a public Issue of its Equity Shares (the Issue) and has filed a draft red herring prospectus dated July 5, 2013 (the raft Red Herring Prospectus) with the Securities and Exchange Board of India (SEBI)
Slide 40: Thank you!
Thank you!
Gujarat Fluorochemicals — Q3 FY2015 Earnings Presentation on 6ix