Dcm Shriram Limited · NSE:DCMSHRIRAM
Dcm Shriram — H1 FY16 Earnings Presentation
27 slides from Dcm Shriram's earnings presentation, November 2015
Slide 1: DCM Shriram Ltd. Q2 & H1 FY16 Results Presentation
DCM Shriram Ltd. Q2 & H1 FY16 - Results Presentation 1
Slide 2: Safe Harbour
Safe Harbour Certain statements in this document may be forward-looking statements. Such forward-looking statements are subject to certain risks and uncertainties like government actions, local political or economic developments, technological risks, and many other factors that could cause our actua
Slide 3: Table of Content
Table of Content Title Slide No. Q2 FY16 Key Highlights 4 Q2 FY16 Financial Snapshot 5 Q2 FY16 Segment Performance 6 H1 FY16 Financial Snapshot 7 H1 FY 16 Segment Performance 8 Q2 FY16 - Performance Overview & Outlook 9-11 Balance Sheet Abstract 12 Management’s Message 13 Chloro-Vinyl Businesses 15-
Slide 4: Q2 FY16 – Key Highlights
Q2 FY16 – Key Highlights 1. Net Revenues stood marginally higher at Rs 1,439 crores vs. Rs. 1,428 crores in Q2 FY 15 2. PBDIT increased by 30% YoY to Rs 121 crore: a. During the quarter, Sugar business received a cash subsidy of ~ Rs. 60 crore for the season 14-15. Despite the subsidies received, ma
Slide 5: Q2 FY16 – Financial Snapshot
Q2 FY16 – Financial Snapshot Revenues EBITDA Depreciation 1,428 1,439 121 93 28 26 Q2 FY15 Q2 FY16 Q2 FY15 Q2 FY16 Q2 FY15 Q2 FY16 Finance Costs PAT PBIT 96 63 66 30 46 27 Q2 FY15 Q2 FY16 Q2 FY15 Q2 FY16 Q2 FY15 Q2 FY16 1. All figures in Rs. Crore 2. PBIT is before exceptional items; PAT is after ex
Slide 6: Q2 FY16 - Segment Performance
Q2 FY16 - Segment Performance Rs. crore Revenues PBIT PBIT Margins % Segments Q2 FY15 Q2 FY16 % Q2 FY15 Q2 FY16 % Q2 FY15 Q2 FY16 Chloro Vinyl 281.7 315.7 12.1 71.9 75.8 5.4 25.5 24.0 Sugar 260.0 178.2 (31.4) 0.5 49.1 - 0.2 27.6 Agri Inputs 682.1 755.7 10.8 14.9 (8.8) - 2.2 (1.2) - Shriram Farm Solu
Slide 7: H1 FY16 – Financial Snapshot
H1 FY16 – Financial Snapshot Revenues EBITDA Depreciation 3,133 3,245 363 313 57 52 H1 FY15 H1 FY16 H1 FY15 H1 FY16 H1 FY15 H1 FY16 Finance Costs PAT PBIT 58 306 53 261 224 186 H1 FY15 H1FY16 H1 FY15 H1 FY16 H1 FY15 H1 FY16 1. All figures in Rs. Crore 2. PBIT is before exceptional items; PAT is afte
Slide 8: H1 FY16 - Segment Performance
H1 FY16 - Segment Performance Rs. crore Revenues PBIT PBIT Margins % Segments H1 FY15 H1 FY16 % H1 FY15 H1 FY16 % H1 FY15 H1 FY16 Chloro Vinyl 640.3 631.6 (1.4) 184.9 169.6 (8.3) 28.9 26.9 Sugar 540.8 483.4 (10.6) 8.5 32.7 283.9 1.6 6.8 Agri Inputs 1,695.1 1,886.9 11.3 142.7 92.4 (35.2) 8.4 4.9 - Sh
Slide 9: Q2 FY16 - Performance Overview & Outlook
Q2 FY16 - Performance Overview & Outlook Volumes are higher in Chlor-alkali as well as Vinyl Business driven primarily by higher production YoY and QoQ. Last year there were maintenance shutdowns during the quarter Realisations have been soft QoQ as well as YoY in Chlor- alkali as well as Vinyl
Slide 10: Q2 FY16 - Performance Overview & Outlook
Q2 FY16 - Performance Overview & Outlook Q2 FY 16 revenue increased by 10.9% YoY to Rs 487 crores led by bulk fertilizers ‘Value Added’ inputs vertical impacted by lower demand and change in sowing patterns towards lower value inputs. This was a result of two consecutive year of poor monsoons le
Slide 11: Q2 FY16 - Performance Overview & Outlook
Q2 FY16 - Performance Overview & Outlook Improved operating performance during the quarter led to higher production and sales Higher Sales led to higher earnings vis-à-vis Q2 FY 15 Earnings were limited under new Urea policy on account of reduced energy norms Subsidy outstandings are higher
Slide 12: Balance Sheet Abstract
Balance Sheet Abstract (Rs. in Crores) PARTICULARS As at As at 30.09.2015 31.03.2015 Unaudited Audited Net Worth increased to Rs. A. EQUITY AND LIABILITIES 1 Shareholders' funds 2,047 crores as on Sep 30, (a) Share Capital 32.6 32.6 (b) Reserves and Surplus 2,014.8 1,825.9 2015 up from Rs. 1,859 2,0
Slide 13: Management’s Message
Management’s Message Commenting on the performance for the quarter, in a joint statement, Mr. Ajay Shriram, Chairman & Senior Managing Director, and Mr. Vikram Shriram, Vice Chairman & Managing Director, said: “The performance of the Company is satisfactory given the challenges in Sugar business, we
Slide 14: Segmental Overview
Segmental Overview • Chlor – Alkali • PVC Resins Chloro-Vinyl Businesses • Calcium carbide • Power • Agri- Inputs o Fertilisers Agri o Shriram Farm Solutions Businesses o Bioseeds • Sugar • Fenesta Building Systems Other Businesses • Cement • Polymer Compounds • Hariyali Kisaan Bazaar DCM Shriram Lt
Slide 15: Chloro Vinyl Business
Chloro Vinyl Business Cap. Employed Particulars Revenues (Rs. cr.) PBIT (Rs. cr.) (Rs. cr.) Q2 FY16 315.7 75.8 536.6 Q2 FY15 281.7 71.9 512.7 % Shift 12.1 5.4 4.7 H1 FY16 631.6 169.6 536.6 H1 FY15 640.3 184.9 512.7 % Shift (1.4) (8.3) 4.7 The Chloro-Vinyl business of the Company has highly integrate
Slide 16: Chlor-Alkali
Chlor-Alkali Operational Financial Sales Realisations Revenues PBIT Particulars (MT) (Rs./MT) (Rs. cr.) (Rs. cr.) Q2 FY16 68,230 23,894 180.7 53.8 Q2 FY15 60,086 24,748 163.0 38.6 % Shift 13.6 (3.5) 10.9 39.4 H1 FY16 136,563 24,348 368.4 120.0 H1 FY15 126,176 25,368 349.9 98.5 % Shift 8.2 (4.0) 5.3
Slide 17: Plastics
Plastics Operational Financial PVC XWR Carbide Carbide XWR PVC Sales Revenues PBIT Particulars Realisations Sales Realisations (MT) (Rs. cr.) (Rs. cr.) (Rs./MT) (MT) (Rs./MT) Q2 FY16 16,618 64,868 5,417 44,032 135.0 22.0 Q2 FY15 12,484 76,331 5,123 43,961 118.7 33.3 % Shift 33.1 (15.0) 5.7 0.2 13.7
Slide 18: Sugar
Sugar Operational Financial Sales Realisations Revenues PBIT Cap. Employed Particulars (Lac Qtls) (Rs./Qtl) (Rs. cr.) (Rs. cr.) (Rs. cr.) Q2 FY16 7.2 2,352 178.2 49.1 493.1 Q2 FY15 7.8 3,133 260.0 0.5 569.6 % Shift (8.3) (24.9) (31.4) - (13.4) H1 FY16 17.8 2,470 483.4 32.7 493.1 H1 FY15 15.5 3,165 5
Slide 19: Agri- Input Businesses
Agri- Input Businesses The Agri input business contributed to 53% of the total quarterly revenues of the Company. The Company continues to focus on these businesses given the huge opportunity in this area where the Company can capitalize on its long standing understanding of varied Agri businesses a
Slide 20: Shriram Farm Solutions
Shriram Farm Solutions Cap. Employed Particulars Revenues (Rs. cr.) PBIT (Rs. cr.) (Rs. cr.) Q2 FY16 486.7 16.4 557.3 Q2 FY15 438.9 27.3 391.2 % Shift 10.9 (40.0) 42.5 H1 FY16 1,097.0 38.2 557.3 H1 FY15 887.5 48.1 391.2 % Shift 23.6 (20.6) 42.5 The portfolio comprises Value-added products such as Se
Slide 21: Bioseed
Bioseed Cap. Employed Particulars Revenues (Rs. cr.) PBIT (Rs. cr.) (Rs. cr.) Q2 FY16 31.6 (38.1) 351.0 Q2 FY15 68.2 (17.8) 420.0 % Shift (53.8) - (16.4) H1 FY16 396.8 46.2 351.0 H1 FY15 463.0 77.6 420.0 % Shift (14.3) (40.5) (16.4) Bioseed business is intensely research based and is diversified acr
Slide 22: Fertilisers (Urea)
Fertilisers (Urea) Operational Financial Sales Realisations Revenues PBIT Cap. Employed Particulars (MT) (Rs./MT) (Rs. cr.) (Rs. cr.) (Rs. cr.) Q2 FY16 108,194 21,607 237.4 12.9 247.6 Q2 FY15 100,433 17,382 174.9 5.5 182.0 % Shift 7.7 24.3 35.7 135.2 36.1 H1 FY16 188,325 20,604 393.0 8.0 247.6 H1 FY
Slide 23: Cement
Cement Operational Financial Sales Realisations Revenues PBIT Cap. Employed Particulars (MT) (Rs./MT) (Rs. cr.) (Rs. cr.) (Rs. cr.) Q2 FY16 109,338 2,782 36.4 1.1 9.9 Q2 FY15 100,492 2,854 35.0 (2.0) 13.1 % Shift 8.8 (2.5) 4.1 - (24.4) H1 FY16 215,508 2,685 69.6 0.2 9.9 H1 FY15 194,561 3,046 71.7 2.
Slide 24: Hariyali Kisaan Bazaar
Hariyali Kisaan Bazaar Cap. Employed Particulars Revenues (Rs. cr.) PBIT (Rs. cr.) (Rs. cr.) Q2 FY16 83.3 (1.1) 148.7 Q2 FY15 111.1 (0.4) 187.9 % Shift (25.0) - (20.9) H1 FY16 196.9 (0.6) 148.7 H1 FY15 248.4 0.7 187.9 % Shift (20.7) - (20.9) Performance Revenues from fuel sales only Overview Foc
Slide 25: Other Businesses
Other Businesses DCM Shriram’s other operations, reported as ‘Others’ in the financial results, include its businesses of Polymer Compounding (now under 50:50 JV) and Fenesta Building Systems. Revenues under ‘Others’ stood at Rs. 73.7 crore in the quarter under review compared to Rs. 66.0 crore last
Slide 26: Fenesta Building Systems
Fenesta Building Systems Operational Financial Order Book Revenues Particulars (Rs cr.) (Rs. cr.) Q2 FY16 74.7 52.3 Q2 FY15 52.3 43.9 % Shift 43.0 19.1 H1 FY 16 145.9 101.3 H1 FY 15 96.8 85.1 % Shift 50.7 19.0 Fenesta a pan India brand has become synonymous with UPVC windows. Includes Retail and Pro
Slide 27: About Us & Investor Contacts
About Us & Investor Contacts DCM Shriram Ltd. is an integrated business entity, with extensive and growing presence across the entire Agri value chain and Chloro-Vinyl industry. The Company has added innovative value- added businesses in these domains primarily Bioseed and Fenesta. Access to captive