Slide 1: Filing cover letter to stock exchanges
SF RF vO The Corporate Relationship Department, National Stock Exchange of India Limited BSE Limited "Exchange Plaza" 1st 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/N
Slide 2: Q4 & FY22 Results Presentation
SRF Limited / Q4 & FY22 Results Presentation SE May 10, 2022 We always find a better way
Slide 3: Disclaimer
Disclaimer SE vO 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 actual results to differ materially from those conte
Slide 4: Contents
Contents SF vO We always find better way 04 13 10 15 31 Company Q4 & FY22 FY21 Q4 & FY22 Outlook Overview Segmental Performance Results Overview Segmental Performance Q4 & FY22 Results Presentation | 3
Slide 5: Company Overview
SF¢= vO We always find a better way COMPANY OVERVIEW _, •• ..___{, I
Slide 6: Snapshot
vO SF deals fid better Snapshot O3,146 O 012,434 Cr Revenue Cr EBIDTA e 1,889 Cr PAT 42% Chemicals 0 Exports to 90+ Countries 0 14 Manufacturing Plants 38% Packaging Operations in 4 Countries 7,000+ Global Workforce 20% Technical Textiles & Others Q4 Q4&&FY22 FY22Results ResultsPresentation Presenta
Slide 7: Overview - Business Profile
Overview - Business Profile SF vO We always find better way Revenue 5,241 4,779 2,085 340 EBIT 1,397 946 471 20 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) • Laminat
Slide 8: Manufacturing Facilities
Manufacturing Facilities SE t?O We always find a better way • FLUOROCHEMICALS & SPECIALTY CHEMICALS 2 National Operations 1. Rajasthan, India - Bhiwadi • LAMINATED FABRICS 1 National Operation 1. Uttarakhand, India - Kashipur 2. Gujarat, India - Dahej • TECHNICAL TEXTILES 4 National Operations 1. Ma
Slide 9: Market Leadership Across Businesses
Market Leadership Across Businesses SF vO We always find better way Specialty 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 extendi
Slide 10: Growth Levers
Growth Levers SF vO We always find better way Build a Company known and respected for its R&D capabilities lil 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 fro
Slide 11: Q4 & FY22 Results Overview
vO sr better way • • Q4 & FY22 RESULTS OVERVIEW arms l
Slide 12: Abridged Results Overview - Consolidated
Abridged Results Overview - Consolidated SF vO We always find better way Consolidated figures Particulars (Rs. Crore) Q4 FY22 Q4 FY21 % Y-o-Y FY22 FY21 % Y-o-Y Gross Operating Revenue 3,549.4 2,607.6 36.1% 12,433.7 8,400.0 48.0% EBITDA 943.8 647.2 45.8% 3,146.0 2,187.8 43.8% EBITDA Margin (%) 26.6%
Slide 13: Results Overview - Financial Overview
Results Overview - Financial Overview SF vO We always find better way Consolidated figures Key Financial Ratios PARTICULARS FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 EBITDA Margin 17.59% 13.59% 20.43% 22.13% 21.42% 17.69% 19.00% 20.90% 26.05% 25.30% PAT Margin 6.69% 4.04% 8.78% 9.51% 10.87%
Slide 14: Results Overview - Revenue & EBIT
Results Overview - Revenue & EBIT SF vO We always find better way Consolidated figures REVENUES (Rs. Crore) EBIT (Rs. Crore) 3,552.7 ■ Q4 FY21 ■ Q4 FY22 ■ Q4FY21 ■ Q4FY22 875.6 2,610.4 575.3 1,572.5 504.3 1,390.2 1,152.6 275.8 275.2 218.6 979.5 496.7 400.6 91.4 93.4 72.8 77.7 8.8 4.1 CB PFB TTB OTHE
Slide 15: Results Overview - Revenue Share
Results Overview - Revenue Share SF vO We always find better way Q4 FY22 2.6% Q4 FY21 3.0% 14.0% 15.3% 39.1% 37.5% 44.3% 44.2% •• CB •• PFB TTB FY22 2.7% FY21 Others 2.9% 16.8% 14.7% 38.4% 39.1% 42.1% 43.3% CB – Chemicals Business; PFB - Packaging Films Business; TTB – Technical Textiles Business; O
Slide 16: Q4 & FY22 Segmental Overview
SF vO We always find a better way Q4 & FY22 SEGMENTAL OVERVIEW Packaging Chemicals Films Technical Textiles Others
Slide 17: Chemicals Business
SF N Chemicals Business Weal fed better w¥ Q4 & FY22 Results Presentation | 16
Slide 18: Chemicals Business - Results Update
Chemicals Business - Results Update SF vO We always find better way Consolidated figures Particulars (Rs. Crore) Q4 FY22 Q4 FY21 % SHIFT FY22 FY21 % SHIFT Segment Revenues 1,572.5 1,152.6 36.4% 5,240.8 3,644.9 43.8% % Contribution to Revenues 44.3% 44.2% 42.1% 43.3% EBIT 504.3 275.2 83.3% 1,396.9 72
Slide 19: Chemicals Business - Specialty Chemicals
Chemicals Business SE vO Specialty Chemicals Business o Healthy performance recorded in this segment on account of: • Strong demand for flagship products and downstream derivatives • Continuous enhancement of new product portfolio, thereby strengthening customer base – 6 new products launched during
Slide 20: Chemicals Business - Chemicals Technology Group
Chemicals Business SF vO We always find better way 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 f
Slide 21: Chemicals Business - Fluorochemicals
Chemicals Business SF vO we always fid better wry Fluorochemicals Business o Segment delivered robust performance on account of: • Sustained volumes with healthy margin realizations across all HFCs in both domestic and export markets • Strong demand for Dymel® HFA 134a/P sales. Business is expanding
Slide 22: Packaging Films Business
Packaging Films Business Packaging Films EE' • • .r" II ----- - Q2 & H1 FY21 Results Presentation | 21 Q4 & FY22 Results Presentation | 21
Slide 23: Packaging Films Business - Results Update
Packaging Films Business - Results Update SF vO We always find better way Consolidated figures Particulars (Rs. Crore) Q4 FY22 Q4 FY21 % SHIFT FY22 FY21 % SHIFT Segment Revenues 1,390.2 979.5 41.9% 4,779.2 3,291.7 45.2% % Contribution to Revenues 39.1% 37.5% 38.4% 39.1% EBIT 275.8 218.6 26.2% 946.3
Slide 24: Packaging Films Business - Key Highlights
Packaging Films Business SF vO We always find better way Key Highlights o This segment delivered a strong performance with growth in sales across domestic and international businesses: • All plants ran at full capacities • Both BOPET and BOPP demand remained healthy • Ramp up of capacities in Hungar
Slide 25: Technical Textiles Business
Technical Textiles Business vO s a better way Technical Textiles Q4 & FY22 Results Presentation | 24
Slide 26: Technical Textiles Business - Results Update
Technical Textiles Business - Results Update SF vO We always find better way Consolidated figures Particulars (Rs. Crore) Q4 FY22 Q4 FY21 % SHIFT FY22 FY21 % SHIFT Segment Revenues 496.7 400.6 24.0% 2,085.2 1,240.1 68.1% % Contribution to Revenues 14.0% 15.3% 16.8% 14.7% EBIT 91.4 72.8 25.6% 471.4 1
Slide 27: Technical Textiles Business - Key Highlights
Technical Textiles Business SE vO Key Highlights o Segment reported healthy revenues on account of: • Subdued Nylon Tyre Cord Fabrics volumes with steady margins • Significant growth in the Belting Fabrics and the Polyester Industrial Yarn segments o Business continues to enhance its operational exc
Slide 28: Others
Others SF vO We always find better way Others Q4 & FY22 Results Presentation | 27
Slide 29: Others - Results Update
Others - Results Update SF vO We always find better way Consolidated figures Particulars (Rs. Crore) Q4 FY22 Q4 FY21 % SHIFT FY22 FY21 % SHIFT Segment Revenues 93.4 77.7 20.2% 340.3 232.0 46.7% % Contribution to Revenues 2.6% 3.0% 2.7% 2.9% EBIT 4.1 8.8 -53.4% 20.3 25.6 -20.5% % EBIT Margins 4.4% 11
Slide 30: Others - Key Highlights
Others - Key Highlights vO s a better way ' _ $ # 4 d Coated Fabrics Laminated Fabrics • SRF continues to be a leader in domestic market with focus on • SRF maintained its price & volume leadership with plant increased sourcing initiatives and better operating operated at full capacity, achieving it
Slide 31: SRF's Community Engagement
SRF’s Community Engagement vO s er way • SRF collaborated with the Election Commission and Child & Women Development Departments to conduct voting awareness activities at Dehradun and Greater Noida, motivating people to vote • Teachers’ training on digital skills was organized to digitally empower t
Slide 32: Outlook
SF¢= vO We always find a better way OUTLOOK
Slide 33: Outlook - Chemicals Business
Outlook - Chemicals Business SF vO We always find better way Specialty Chemicals • Moving up the value chain by accelerating qualifications of new molecules in both Agro and Pharmaceuticals sectors, capacity utilization of newly commissioned plants to remain in focus • AI pipeline witnessing tractio
Slide 34: Outlook - Packaging Films Business
Outlook - Packaging Films Business SF vO We always find better way • BOPP demand likely to remain stable; new BOPP film line in India on track • Expected pressure on BOPET margins with new capacities coming on-stream, SRF’s regional presence provides hedge • Focus on enhancing value added products’
Slide 35: Outlook - Technical Textiles Business
Outlook - Technical Textiles Business vO s a better way • Higher operating leverage and cost optimization by capacity rationalization across various plants • Demand recovery likely over the next few quarters • Other sub-segments of Technical Textiles Business expected to make a significant contribut
Slide 36: About Us
About Us SF We always find better way Established in 1970, SRF Limited with an annual turnover of ₹12,313 crore (US$ 1.6 billion) is a chemical based multi-business entity engaged in the manufacturing of industrial and specialty intermediates. The company’s diversified business portfolio covers Fluo