Grasim Industries Ltd. · NSE:GRASIM
Grasim Industries — Q1 FY2022-23 Earnings Presentation
32 slides from Grasim Industries's earnings presentation, Aug 12, 2022
Slide 1: Cover letter to stock exchanges
Ref No. GIL/CFD/SEC/23/084/SE 12th August 2022 BSE Limited The National Stock Exchange of India Limited Dalal Street, Exchange Plaza, 5th Floor, Plot No. C/1, Phiroze Jeejeebhoy Towers, Fort G Block, Bandra - Kurla Complex, Mumbai - 400 001 Bandra (East), Mumbai - 400 051 Scrip Code: 500300 Symbol:
Slide 2: Grasim Industries Limited Investor Presentation Q1 FY2022-23
Grasim Industries Limited Investor Presentation Q1 FY2022-23 12th August 2022
Slide 3: Big in Your Life
BIG IN YOUR LIFE # 1 In Viscose @ # 1 In Chlor - Alkali* # 1 In Advanced Material* 57.27% 54.18% Market Cap (August 10th, 2022): INR 1,06,045 Crore (USD 13.31 Billion) Market Cap Market Cap (August 10th, 2022): (August 10th, 2022): INR 1.90 Lakh Crore INR 25,518 Crore (USD 23.89 Billion) (USD 3.20 B
Slide 4: Performance Highlights
PERFORMANCE HIGHLIGHTS Grasim Industries Limited | Earnings Presentation | Q1 FY23 | 3
Slide 5: Performance Highlights Q1FY23
Financial Overview Business Performance Sustainability Appendix PERFORMANCE HIGHLIGHTS Q1FY23 Highest ever quarterly EBITDA at Consolidated & Standalone level • Consolidated Revenue up 41% YoY to ₹28,042 Cr. and EBITDA up 10% YoY to ₹5,233 Cr. • Standalone Revenue up 93% YoY to ₹7,253 Cr. (Highest E
Slide 6: Performance Highlights Q1FY23 Standalone and Consolidated
Financial Overview Business Performance Sustainability Appendix PERFORMANCE HIGHLIGHTS Q1FY23 Standalone Revenue (₹ Cr.) EBITDA (₹ Cr.) PAT1 (₹ Cr.) 93% 14% 69% 62% 68% YoY QoQ YoY QoQ YoY 7,253 1,364 1,068 6,376 809 840 805 518* 3,763 482 550 Q1FY22 Q4FY22 Q1FY23 Q1FY22 Q4FY22 Q1FY23 Q1FY22 Q4FY22
Slide 7: Strong Balance Sheet
Financial Overview Business Performance Sustainability Appendix STRONG BALANCE SHEET Standalone (₹ Cr.) Consolidated (₹ Cr.) Net Debt/ EBITDA 0.32x (12M EBITDA) Mar-22 ₹(553) Cr. Mar-22 4,829 4,925 17,142 ₹4,300 Cr. 10,363 6,779 (96) Jun-22 Jun-22 Gross Debt Liquid investments Net Debt Note: Gross D
Slide 8: Capex Plan
Financial Overview Business Performance Sustainability Appendix CAPEX PLAN Budgeted Capex Capex Spent for Particulars (₹ Cr.) for FY23 Q1FY23 Viscose Staple Fibre Capacity Expansion (including debottlenecking) 587 66 844 91 Modernisation and Maintenance Capex Chemicals Capacity Expansion - Chlor-Alk
Slide 9: Business Performance
BUSINESS PERFORMANCE Grasim Industries Limited | Earnings Presentation | Q1 FY23 | 8
Slide 10: Industry Performance - Viscose
Financial Overview Business Performance Sustainability Appendix INDUSTRY PERFORMANCE - VISCOSE The global textile sector is feeling the pinch of COVID related lockdown imposed in major cities in China coupled with reduced ordering by the US and European retailers in anticipation of demand slowdown A
Slide 11: Industry Performance - Viscose Price Movement
Financial Overview Business Performance Sustainability Appendix INDUSTRY PERFORMANCE - VISCOSE China VSF prices averaged higher at RMB ~14,685 in Q1FY23 compared to ~ 12,903 in Q4FY22 Global Cotton prices witnessed an unabated run for 25 months from May-20 to May-22. The cotton prices went up from $
Slide 12: Operating Performance - Viscose
Financial Overview Business Performance Sustainability Appendix OPERATING PERFORMANCE - VISCOSE VSF Sales (KT) Sales Volume Mix 76% 10% Export Sales Grey VSF YoY QoQ 6% 81% 197 179 112 94% 19% Q1FY22 Q4FY22 Q1FY23 Domestic Sales VAP VFY Sales (KT) Vilayat brownfield expansion contributed to 34% ~51K
Slide 13: Financial Performance - Viscose
Financial Overview Business Performance Sustainability Appendix FINANCIAL PERFORMANCE - VISCOSE Revenue1 (₹ Cr.) EBITDA1 (₹ Cr.) 104% 14% 3% 99% YoY QoQ YoY QoQ 4,300 488 500 3,766 2,103 252 Q1FY22 Q4FY22 Q1FY23 Q1FY22 Q4FY22 Q1FY23 Viscose segment financial performance improved on YoY and QoQ basis
Slide 14: Financial Performance - Chemicals
Financial Overview Business Performance Sustainability Appendix FINANCIAL PERFORMANCE - CHEMICALS Caustic Realisation Grasim – ECU 60,000 59,369 54,093 53,000 54,198 57,494 53,560 50,000 48,000 47,259 50,150 43,000 40,000 43,706 42,381 31,185 38,000 30,000 24,775 26,658 33,000 21,584 20,119 19,745 2
Slide 15: Caustic - Key Operational Metrics
Financial Overview Business Performance Sustainability Appendix CAUSTIC – KEY OPERATIONAL METRICS Caustic Soda Sales (KT) Chlorine & HCl Consumption in VAP (KT) 17% 2% 34% 11% YoY YoY YoY QoQ 274 278 86,662 239 78,082 64,530 Q1FY22 Q4FY22 Q1FY23 Q1FY22 Q4FY22 Q1FY23 The business reported strong caus
Slide 16: Financial Performance - Chemicals
Financial Overview Business Performance Sustainability Appendix FINANCIAL PERFORMANCE - CHEMICALS Revenue (₹ Cr.) EBITDA (₹ Cr.) 90% 10% 193% 62% YoY QoQ YoY QoQ 806 2,487 2,733 499 1,436 275 Q1FY22 Q4FY22 Q1FY23 Q1FY22 Q4FY22 Q1FY23 Chlor-Alkali business reported best ever quarterly performance sin
Slide 17: Financial Performance - Other Businesses
Financial Overview Business Performance Sustainability Appendix FINANCIAL PERFORMANCE – OTHER BUSINESSES Textile Insulators Revenue (₹ Cr.) Revenue (₹ Cr.) 91% 28% 153 YoY QoQ 620 121 483 325 65 Q1FY22 Q4FY22 Q1FY23 Q1FY22 Q4FY22 Q1FY23 EBITDA (₹ Cr.) EBITDA (₹ Cr.) 342% 98% 47 YoY QoQ 97 49 8 22 Q1
Slide 18: Financial Performance - UltraTech
Financial Overview Business Performance Sustainability Appendix FINANCIAL PERFORMANCE – UltraTech Sales volume (Million Ton) Revenue (₹ Cr.) EBITDA (₹ Cr.) 16% 28% YoY YoY 15,164 3,512 24.67 3,204 21.20 11,830 Q1FY22 Q1FY23 Q1FY22 Q1FY23 Q1FY22 Q1FY23 Consolidated sales volume grew by 16% YoY to ~25
Slide 19: Financial Performance - ABCL
Financial Overview Business Performance Sustainability Appendix FINANCIAL PERFORMANCE – ABCL Lending Book (₹ Cr.)* AMC Domestic AAUM (₹ Cr.) 22% 2% YoY YoY 69,887 2,75,454 2,81,527 57,182 Q1FY22 Q1FY23 Q1FY22 Q1FY23 Consolidated Revenue and Net Profit after minority interest for Q1FY23 are up 30% Yo
Slide 20: Financial Performance - Aditya Birla Renewables
Financial Overview Business Performance Sustainability Appendix FINANCIAL PERFORMANCE – Aditya Birla Renewables Aditya Birla Renewables (Solar Power) Solar Power Capacity (MWp) ₹ Cr. 1,739 Particulars Q1FY22 Q4FY22 Q1FY23 Revenue 59 69 69 1,034 EBITDA 49 54 53 551 563 EBIT 36 38 37 Capital Employed
Slide 21: Sustainability Performance
Sustainability Performance Grasim Industries Limited | Earnings Presentation | Q1 FY23 | 20
Slide 22: Sustainability Highlights FY22
Financial Overview Business Performance Sustainability Appendix SUSTAINABILITY HIGHLIGHTS FY22 To reinforce our commitment and improve our approach to becoming a more sustainable, greener, and climate- resilient business, we adopted Task Force on Climate-related Financial Disclosures (TCFD) framewor
Slide 23: Appendix
APPENDIX Grasim Industries Limited | Earnings Presentation | Q1 FY23 | 22
Slide 24: Income Statement
Financial Overview Business Performance Sustainability Appendix INCOME STATEMENT Standalone Consolidated Particulars (₹ Cr.) Q1FY23 Q1FY22 Q1FY23 Q1FY22 Revenue from Operations 7,253 3,763 28,042 19,919 Other Income 44 65 168 270 EBITDA 1,364 805 5,233 4,736 EBITDA Margin (%) 19% 21% 19% 23% Finance
Slide 25: Balance Sheet
Financial Overview Business Performance Sustainability Appendix BALANCE SHEET Standalone (₹ Cr.) Consolidated (₹ Cr.) 30th Jun'22 31st March'22 EQUITY & LIABILITIES 30th Jun'22 31st March'22 (UnAudited) (Audited) (UnAudited) (Audited) 46,655 48,616 Net Worth 74,804 75,698 - - Non Controlling Interes
Slide 26: Viscose Business Summary
Financial Overview Business Performance Sustainability Appendix VISCOSE BUSINESS SUMMARY Quarterly Particulars % Change Q4FY22 % Change Q1FY23 Q1FY22 Capacity VSF KTPA 824 591 39 591 39 VFY KTPA 48 48 - 48 - Production VSF KT 193 133 45 177 9 VFY KT 10 10 -0.1 11 -8 Sales Volume VSF KT 197 112 76 17
Slide 27: Chemical Business Summary
Financial Overview Business Performance Sustainability Appendix CHEMICAL BUSINESS SUMMARY Quarterly Particulars % Change Q4FY22 % Change Q1FY23 Q1FY22 Capacity* KTPA 1,290 1,147 12 1,147 12 Production* KT 290 242 20 274 6 Sales Volume* KT 282 239 18 274 3 Revenue ₹ Cr. 2,733 1,436 90 2,487 10 EBITDA
Slide 28: Grasim Group Structure
Financial Overview Business Performance Sustainability Appendix GRASIM GROUP STRUCTURE Grasim Industries Limited VSF - 824K TPA Caustic Soda - Textile^ Overseas UTCL (57.27%)** ABCL (54.18%)** VFY - 48K TPA 1311K TPA Insulator` Pulp - 74K TPA Pulp & VSF JVs Subsidiary Subsidiary Epoxy – 123K TPA Oth
Slide 29: Forward Looking and Cautionary Statement
FORWARD LOOKING AND CAUTIONARY STATEMENT Certain statements in this report may be “forward looking statements” within the meaning of applicable securities laws and regulations. Actual results could differ materially from those expressed or implied. Important factors that could make a difference to t
Slide 30: Notes
NOTES Grasim Industries Limited | Earnings Presentation | Q1 FY23 | 29
Slide 31: Glossary
GLOSSARY Abbreviation Particulars AAUM Average Asset Under Management ECU Electro Chemical Unit Epoxy Name of Chemical FY Financial Year KTPA Thousand Ton per annum MTPA Million Ton per annum NBFC Non Banking Financial Company PMT Per Metric Ton ROAvCE Return on Average Capital Employed TPD Ton per
Slide 32: Thank you
Thank you Grasim Industries Ltd. Aditya Birla Centre 'A' Wing, 2nd Floor ,S.K. Ahire Marg ,Worli Mumbai 400 030 ,India Investor Relations Team Email: saket.sah@adityabirla.com sheetal.daga@adityabirla.com
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