Slide 1: Cover letter to stock exchanges
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 22.01.
Slide 2: Q3 & 9M FY21 Results Presentation
SRF Limited Q3 & 9M FY21 Results Presentation January 22, 2021
Slide 3: Disclaimer
Disclaimer Certain statements in this document may be forward-looking. Such 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 materially from those contemp
Slide 4: Contents
Contents 04 13 28 29 Q3 & 9M FY21 Q3 & 9M FY21 Company Outlook Results Overview Segmental Performance Overview 3 Q3 & 9M FY21 Results Presentation | 3
Slide 5: Snapshot
Snapshot 7,209 INR Cr Revenue 1,507 Cr EBIDTA 916 Cr PAT 41% Chemicals Exports to 90+ Countries 14 Manufacturing Plants 36% Packaging Films Operations in 4 Countries 6,600+ Global Workforce 19% Technical Textiles FY 20 numbers pertaining to continuing operations only Q3 Q3&&9M 9MFY21 FY21Results Res
Slide 6: Overview - Business Profile
Overview - Business Profile Revenue 2,975 2,603 1,353 278 EBIT 511 556 151 32 No of Plants 2 6 4 2 Chemicals Packaging Films Technical Textiles Others Specialty Chemicals Films for Flexible Packaging • Tyre Cord Fabrics (Nylon & • Coated Fabrics Polyester) • Laminated Fabrics • Intermediates for API
Slide 7: Manufacturing Facilities
Manufacturing Facilities FLUOROCHEMICALS & SPECIALTY CHEMICALS 2 National Operations LAMINATED FABRICS 1. Rajasthan, India - Bhiwadi 1 National Operation 2. Gujarat, India - Dahej 1. Uttarakhand, India - Kashipur TECHNICAL TEXTILES COATED FABRICS 1 1 National Operation 4 National Operations 1 1. Mad
Slide 8: Market Leadership Across Businesses
Market Leadership Across Businesses Speciality Chemicals Fluorochemicals Packaging Films Technical Textiles Established relationship with Unique and fully integrated Recognized for expertise in Domestic market leader in Tyre marquee customers facilities extending across a developing, manufac
Slide 9: Q3 & 9M FY21 Results Overview
We always find a better way, Q3 & 9M FY21 RESULTS OVERVIEW
Slide 10: Abridged Results Overview - Consolidated
Abridged Results Overview - Consolidated Consolidated figures Particulars (Rs. Cr) Q3 FY21 Q3 FY20 % Y-o-Y 9M FY21 9M FY20 % Y-o-Y Gross Operating Revenue 2,146.4 1,850.5 16.0% 5,792.4 5,351.6 8.2% EBITDA 566.3 395.7 43.1% 1,540.6 1,112.8 38.4% EBITDA Margin (%) 26.4% 21.4% - 26.6% 20.8% - Depreciat
Slide 11: Results Overview - Financial Overview
Results Overview - Financial Overview Consolidated figures 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% 20.90% PAT Margin 6.69% 4.04% 8.78% 9.51% 10.87% 8.38% 8.33% 12.70% Net Debt to Equity 0.71 1.01 0.99 0.7
Slide 12: Results Overview - Revenue & EBIT
Results Overview - Revenue & EBIT Consolidated figures REVENUES (Rs. Crore) EBIT (Rs. Crore) Q3 FY20 Q3 FY21 Q3 FY20 Q3FY21 2,148.7 905.9 802.0 1,854.8 811.9 212.4 478.5 189.9 638.2 337.2 149.4 143.1 367.0 335.7 73.8 67.9 69.1 36.5 8.3 8.3 CB PFB TTB OT HE RS TOTA L CB PF B TTB OT HE RS TOTA L 9M FY
Slide 13: Results Overview - Revenue Share
Results Overview - Revenue Share 3.4% 3.7% Q3 FY21 Q3 FY20 17.1% 18.1% 37.3% 34.4% 42.2% 43.8% CB PFB TTB 9M FY21 2.7% 9M FY20 Others 4.1% 14.5% 19.4% 39.9% 37.4% 43.0% 39.1% CB – Chemicals Business; PFB - Packaging Films Business; TTB – Technical Textiles Business; Others 12 Q3 & 9M FY21 Results Pr
Slide 14: Q3 & 9M FY21 Segmental Overview
Q3 & 9M FY21 SEGMENTAL OVERVIEW Packaging Chemicals Films Technical Textiles Others Q3 & 9M FY21 Results Presentation | 13
Slide 15: Chemicals Business
Chemicals Business Q3 & 9M FY21 Results Presentation | 14
Slide 16: Chemicals Business - Results Update
Chemicals Business - Results Update Consolidated figures PARTICULARS (Rs. Cr) Q3 FY21 Q3 FY20 % SHIFT 9M FY21 9M FY20 % SHIFT Segment Revenues 905.9 811.9 11.6% 2,492.3 2,093.1 19.1% % Contribution to Revenues 42.2% 43.8% 43.0% 39.1% EBIT 189.9 143.1 32.8% 452.9 352.6 28.5% % EBIT Margins 21.0% 17.6
Slide 17: Chemicals Business - Specialty Chemicals
Chemicals Business Specialty Chemicals Business o The segment delivered a strong performance during the quarter owing to: • Robust demand from the overseas markets • Higher capacity utilization of dedicated / multipurpose facilities o Strong pipeline of new products and keeping the funnel full o SRF
Slide 18: Chemicals Business - Chemicals Technology Group
Chemicals Business Chemicals Technology Group o Chemicals Technology Group (CTG) is actively engaged in the development of new process technologies o Key focus on high end molecules o Strong internal competencies and capabilities o Equipped with state-of-the-art R&D facilities and an ingenious team
Slide 19: Chemicals Business - Fluorochemicals
Chemicals Business Fluorochemicals Business o The segment reported a better performance driven by enhanced sales volumes of refrigerants in domestic and export markets and healthy contribution from the chloromethanes segment • Witnessing a revival in demand from both automobile and AC segments • Ove
Slide 20: Packaging Films Business
Packaging Films Business Packaging Films Q2 & H1 FY21 Results Presentation | 19
Slide 21: Packaging Films Business - Results Update
Packaging Films Business - Results Update Consolidated figures PARTICULARS (Rs. Cr) Q3 FY21 Q3 FY20 % SHIFT 9M FY21 9M FY20 % SHIFT Segment Revenues 802.0 638.2 25.7% 2,312.2 2,002.5 15.5% % Contribution to Revenues 37.3% 34.4% 39.9% 37.4% EBIT 212.4 149.4 42.2% 679.3 424.9 59.9% % EBIT Margins 26.5
Slide 22: Packaging Films Business - Key Highlights
Packaging Films Business Key Highlights o The business performed exceedingly well due to: • Over CPLY BOPET and BOPP segments witnessed robust performance due to better operating leverage, improved margins, and a healthy demand from customers • New capacities in Thailand and Hungary aided further vo
Slide 23: Technical Textiles Business
Technical Textiles Business Technical Textiles
Slide 24: Technical Textiles Business - Results Update
Technical Textiles Business - Results Update Consolidated figures PARTICULARS (Rs. Cr) Q3 FY21 Q3 FY20 % SHIFT 9M FY21 9M FY20 % SHIFT Segment Revenues 367.0 335.7 9.3% 839.5 1,040.8 -19.3% % Contribution to Revenues 17.1% 18.1% 14.5% 19.4% EBIT 67.9 36.5 86.1% 104.1 114.3 -8.9% % EBIT Margins 18.5%
Slide 25: Technical Textiles Business - Key Highlights
Technical Textiles Business Key Highlights o Improving market dynamics enabled the segment to deliver healthy performance • This was mainly due to faster-than-expected recovery in the Tyre industry • Continued focus on initiatives to enhance operational performance o The business continues to garner
Slide 26: Others
Others Others
Slide 27: Others - Results Update
Others - Results Update Consolidated figures PARTICULARS (Rs. Cr) Q3 FY21 Q3 FY20 % SHIFT 9M FY21 9M FY20 % SHIFT Segment Revenues 73.8 69.1 6.9% 154.4 220.7 -30.0% % Contribution to Revenues 3.4% 3.7% 2.7% 4.1% EBIT 8.3 8.3 - 16.8 26.5 -36.5% % EBIT Margins 11.2% 12.0% 10.9% 12.0% % Contribution to
Slide 28: Others - Key Highlights
Others - Key Highlights Coated Fabrics Laminated Fabrics • Amidst sluggish demand, domestic market • Products from the Company’s semi hot and hot leadership holds steady both in terms of price lamination segments were well-received in the and volume via improved procurement and plant market and repo
Slide 29: Company Overview
COMPANY OVERVIEW Wo always find a better way
Slide 30: Overview Growth Levers
Overview Growth Levers Build a Company known and respected for its R&D capabilities Focus on building Nurture innovation Focus on building Drive growth in new leadership through R&D knowledge-based businesses businesses Reposition portfolio value-added products De-risk from Technical Build and maint
Slide 31: Outlook
OUTLOOK
Slide 32: Outlook - Chemicals Business
Outlook - Chemicals Business • Demand for Spec Chems to remain robust, continued traction with existing and new customers • Commercialization of new products remains on track • Complex chemicals and specialty products to remain key growth drivers • Capex plans under implementation, being executed ti
Slide 33: Outlook - Packaging Films Business
Outlook - Packaging Films Business • The business will focus on sales ramp up from newly commissioned capacities in Thailand and Hungary. However, in short term, there will be supply overhang in BOPET & BOPP, which may lead to softening of margins • Focus on increasing pace of R&D efforts, sustainab
Slide 34: Outlook - Technical Textiles Business
Outlook - Technical Textiles Business • Post lockdown, there has been a faster than expected recovery in the tyre market, leading to a very healthy order book • New yarn capacity expected to be commissioned by early Feb 21 • Capacity debottlenecking across various plants to assist higher operating l
Slide 35: Our Community Engagement
Our Community Engagement • Established InnoSTEAM Labs in three Govt. Senior Secondary Schools of Gurugram to promote the future skills of students • Launched the ‘IBM Artificial Intelligence (AI) Program’ in 173 CBSE Schools and 13 State Govt. Schools of Haryana • Employees of TTB Gummidipoondi made
Slide 36: 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 Fluorochemicals, Specialty Chemica