Dcm Shriram Limited · NSE:DCMSHRIRAM
Dcm Shriram — DCM Shriram Consolidated — H1 FY2012 Earnings Presentation
36 slides from Dcm Shriram's earnings presentation, Nov 11, 2011
Slide 1: DCM Shriram Consolidated Limited Investor Presentation Q2 & H1 FY2012
DCM SHRIRAM CONSOLIDATED LIMITED Investor Presentation Q2 & H1 FY2012 11th November 2011
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. H1 FY12 Consolidated Financials - Key Highlights 4 H1 FY12- Segment Performance 5 H1 FY12 Performance Overview 6-7 Q2 FY12-Consolidated Financials - Key Highlights 8 Q2 FY12- Segment Performance 9 Q2 FY12 Performance Overview 10-11 Outlook & Perspectives 12 Managemen
Slide 4: H1 FY12 Consolidated Financials - Key Highlights
H1 FY12- Consolidated Financials - Key Highlights Particulars (` Cr) H1 FY2012 H1 FY2011 % Shift Net Revenue 2,296.5 2,073.1 10.8 EBIDTA 116.8 59.2 97.3 PBIT 38.4 (20.9) PBT (15.6) (54.3) -- PAT (12.4) (38.4) -- Key Highlights a) Net Revenues were higher by 10.8% at ` 2,296.5 crore on overall basis.
Slide 5: H1 FY12 - Segment Performance
HI FY12 - Segment Performance Revenues* PBIT* PBIT Margins Segments H1 FY12 H1 FY11 % Shift H1 FY12 H1 FY11 % Shift H1 FY12 H1 FY11 Chloro Vinyl incl. 492.4 358.2 37.4 74.8 47.0 59.2 15.2 13.1% Power Agri Input 856.4 961.7 (10.9) 72.3 71.4 1.3 8.4 7.4 - Fertilizers 227.0 229.8 (1.2) 0.2 22.2 (99.2)
Slide 6: H1 FY12 – Performance Overview
H1 FY12 – Performance Overview a) Net Revenues higher by 10.8% at ` 2,296.5 crore compared to ` 2,073.1 crore: i. Bioseed: Healthy performance across India and Philippines led to an increase of 47.6% in revenues at ` 212.3 crore (LY ` 143.8 crore) - registered growth across all key hybrid categories
Slide 7: H1 FY12 – Performance Overview
H1 FY12 – Performance Overview b) PBIT for the half year stood at ` 38.4 crore as compared to ` (20.9) crore in the previous year i. Chloro-Vinyl: Better realizations of Chloro-Vinyl products combined with higher capacity utilizations resulted in a growth of 59.2% in this segment (C.Y. ` 74.8 crore,
Slide 8: Q2 FY12 Consolidated Financials - Key Highlights
Q2 FY12 Consolidated Financials - Key Highlights Particulars (` crore) Q2 FY2012 Q2 FY2011 % Shift Net Revenue 1,071.3 1,052.8 1.8 EBIDTA 24.1 11.9 102.4 PBIT (15.1) (28.3) -- PBT (44.3) (43.9) -- PAT (38.4) (29.0) -- Key Highlights a) Net Revenues flat at ` 1071.3 crore on overall basis. However, e
Slide 9: Q2 FY12 - Segment Performance
Q2 FY12- Segment Performance Revenues* PBIT* PBIT Margins Segments Q2 FY12 Q2 FY11 %YOY Q2 FY12 Q2 FY11 %YOY Q2 FY12 Q2 FY11 Chloro Vinyl incl. 239.5 172.4 38.9 35.8 9.3 286.2 14.9 5.4 Power Agri Input 340.5 531.0 (35.9) 10.6 26.5 (60.1) 3.1 5.0 - Fertilizers 97.6 112.3 (13.1) (9.8) 10.4 -- (10.1) 9
Slide 10: Q2 FY12 – Performance Overview
Q2 FY12 – Performance Overview a) Net Revenues stable at ` 1,071.3 crore compared to ` 1,052.8 crore. However, revenues were up by 32.2% on an overall basis (excluding the sale of DAP and MOP which was nil in the current year as against ` 242.5 crore in the previous year) i. Sugar: Revenues were hig
Slide 11: Q2 FY12 – Performance Overview
Q2 FY12 – Performance Overview b) PBIT for the quarter stood at ` (15.1) crore as compared to ` (28.3) crore in the previous year i. Chloro- Vinyl: The earnings from the Chloro-Vinyl business witnessed a significant improvement to ` 35.8 crore compared to ` 9.3 crore in the previous year. This was d
Slide 12: Outlook & Perspectives
Outlook & Perspectives i. Fertilizers: This business remains a stable cash generating operation. The production has stabilized post the maintenance shutdown in Q2 FY12. We expect the loss of production volumes will be made up during the remainder of the year. We hope the government will finalize the
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 earnings for the quarter were adversely affected due to one time effects of planned m
Slide 14: Segmental Overview
Segmental Overview • Chlor – Alkali • PVC Resin and Compounds Chloro- Vinyl Businesses • Calcium carbide • Power • Agri- Inputs – Fertilizers – Farm Solutions Agri Businesses – Bioseeds • Sugar Hariyali Kisaan Bazaar Fenesta Building Systems Cement Textile DSCL Investor Presentation – Q2 & H1 FY2012
Slide 15: Chloro-Vinyl Business
CHLORO-VINYL BUSINESS The Chloro-Vinyl business of the Company has a highly integrated operation with multiple revenue streams and economical captive power generation facilities. Chloro- Vinyl operations are at two locations (Kota – Rajasthan and Bharuch – Gujarat) with full captive coal based power
Slide 16: Chlor-Alkali
Chlor-Alkali Operational Financial Sales Realizations Revenues PBIT Particulars (MT) (`/MT) (` cr.) (` cr.) Q2 FY2012 55,150 23,307 145.2 36.0 Q2 FY2011 49,591 17,318 96.6 17.0 % Shift 11.2 34.6 50.3 112.2 H1 FY2012 109,563 23,227 283.1 64.1 H1 FY2011 75,553 17,239 162.0 17.1 % Shift 45.0 34.7 74.8
Slide 17: Plastics
Plastics Operational Financials PVC PVC XWR Carbide Carbide XWR Revenues PBIT Particulars Sales Realizations Sales Realizations (` cr.) (` cr.) (MT) (`/MT) (MT) (`/MT) Q2 FY2012 10,466 57,304 8,478 38,279 94.4 (0.3) Q2 FY2011 6,860 52,673 7,060 35,557 75.3 (7.6) % Shift 52.6 8.8 20.1 7.7 25.4 -- H1
Slide 18: Power
Power Particulars Revenues (` cr.) PBIT (` cr.) Q2 FY2012 -- -- Q2 FY2011 0.6 (0.1) % Shift -- -- H1 FY2012 - (0.1) H1 FY2011 82.5 42.3 % Shift -- --- a) No power sale during the quarter, as the net payback per unit of power from Chloro-Vinyl products was better than from sale of power, the Company
Slide 19: Agri-Input Business
AGRI- INPUT BUSINESS The Agri input business contributed to 31.8% 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: Fertilizers (Urea)
Fertilizers (Urea) Operational Financial Sales Realizations Revenues PBIT Particulars (MT) (`/MT) (` cr.) (` cr.) Q2 FY2012 75,854 12,844 97.6 (9.8) Q2 FY2011 102,862 11,367 112.3 10.4 % Shift (26.3) 13.0 (13.1) -- H1 FY2012 172,667 12,888 227.0 0.2 H1 FY2011 203,243 11,547 229.8 22.2 % Shift (15.0)
Slide 21: Farm Solutions
Farm Solutions Particulars Revenues (` cr.) PBIT (` cr.) Q2 FY2012 204.5 18.3 Q2 FY2011 390.7 18.4 % Shift (47.7) (0.6) H1 FY2012 417.1 31.0 H1 FY2011 588.1 27.2 % Shift (29.1) 13.7 a) The portfolio comprise of bulk fertilizers (DAP, MOP, SSP) along with value-added products such as seeds, pesticide
Slide 22: Bioseed
Bioseed Particulars Revenues (` cr.) PBIT (` cr.) Q2 FY2012 38.4 2.2 Q2 FY2011 28.0 (2.2) % Shift 36.9 -- H1 FY2012 212.3 41.1 H1 FY2011 143.8 21.9 % Shift 47.6 87.5 a) DSCL’s Bioseed business is uniquely diversified across key crops (Corn, Paddy, Cotton, Bajra and Vegetables) and Asian geographies
Slide 23: Sugar
Sugar Operational Financial Sales (Lac Qtl) Realizations Revenues PBIT Particulars *(`/Qtl) (` cr.) (` cr.) Free Sugar Levy Sugar Q2 FY2012 5.2 0.81 2,751 183.8 (2.7) Q2 FY2011 2.9 0.45 2,596 89.8 (17.9) % Shift 80.4 80.0 6.0 104.7 -- H1 FY2012 11.8 1.5 2,736 394.9 (10.8) * Free Sugar H1 FY2011 7.9
Slide 24: Hariyali Kisaan Bazaar
Hariyali Kisaan Bazaar Particulars Revenues (` cr.) PBIT (` cr.) Q2 FY2012 194.8 (28.4) Q2 FY2011 156.6 (26.5) % Shift 24.4 -- H1 FY2012 397.1 (47.6) H1 FY2011 344.7 (46.7) % Shift 15.2 -- a) This business continues to gain traction as a ‘Rural Business Centre’, symbolizing trust, reliability and re
Slide 25: Fenesta Building Systems
Fenesta Building Systems Operational Financial Revenues Particulars Order Book (` cr.) Q2 FY2012 81,019 45.6 Q2 FY2011 87,901 34.7 % Shift (7.8) 31.4 H1 FY2012 143,536 85.9 H1 FY2011 184,002 64.3 % Shift (22.0) 33.7 a) Fenesta with its diverse product line is regarded as a brand and product leader o
Slide 26: Cement
Cement Operational Financial Sales Realizations Revenues PBIT Particulars (MT) (`/MT) (` cr.) (` cr.) Q2 FY2012 85,528 2,631 28.8 (0.2) Q2 FY2011 79,392 2,509 25.7 (1.5) % Shift 7.7 4.9 12.0 -- H1 FY2012 182,055 2,805 64.0 6.0 H1 FY2011 169,392 2,655 57.7 6.2 % Shift 7.5 5.6 10.9 (2.6) a) The Cement
Slide 27: Other Businesses
OTHER BUSINESSES DSCL’s other operations, reported as ‘others’ in the financial results, include its value- added businesses of Polymer Compounding, Fenesta Building Systems along with Textiles. Revenues under ‘others’ registered a growth of 6.5% at ` 90.7 crore in the quarter under review compared
Slide 28: Balance Sheet Abstract
Balance Sheet Abstract CONSOLIDATED STATEMENT OF ASSETS AND LIABILITIES (Rs. in crores) AS AT AS AT AS AT 30.09.2011 30.09.2010 31.03.2011 PARTICULARS Unaudited Unaudited Audited Shareholders' Funds: (a) Share Capital 33.34 33.34 33.34 (b) Reserves and Surplus 1,263.20 1,258.92 1,273.03 1,296.54 1,2
Slide 29: About Us
About Us DSCL is an integrated business entity, with extensive and growing presence across the entire Agri-rural value chain and Chloro-Vinyl industry. The Company has added innovative value- added businesses in these domains. With a large base of captive power produced at a competitive cost, the Co
Slide 30: Unaudited Consolidated Financial Results for Quarter Ended September 30, 2011
CONSOLIDATED DCM SHRIRAM CONSOLIDATED LIMITED Regd. Office : 5th Floor, Kanchenjunga Building, 18, Barakhamba Road, New Delhi - 110 001 UNAUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER ENDED SEPTEMBER 30, 2011 (Rs. in crores) Quarter Ended Half year ended Year Ended 30.09.2011 30.09.2010 30.
Slide 31: Consolidated Segment wise Revenue, Results and Capital Employed
CONSOLIDATED Segment wise Revenue, Results and Capital Employed under Clause 41 of Listing Agreements (Rs. In Crores) PARTICULARS Quarter Ended Half Year Ended Year Ended 30.09.2011 30.09.2010 30.09.2011 30.09.2010 31.03.2011 (1) (2) (3) (4) (5) Unaudited Unaudited Unaudited Unaudited Audited A. Seg
Slide 32: Notes to Consolidated Results
NOTES TO CONSOLIDATED RESULTS: 1. In accordance with the accounting policy consistently followed by the Company for interim results, the off-season expenditure aggregating Rs. 17.17 crores and Rs. 28.97 crores for the quarter and half year ended September 30, 2011 respectively (corresponding previou
Slide 33: Consolidated Statement of Assets and Liabilities
CONSOLIDATED CONSOLIDATED STATEMENT OF ASSETS AND LIABILITIES (Rs. in crores) PARTICULARS AS AT AS AT AS AT 30.09.2011 30.09.2010 31.03.2011 Unaudited Unaudited Audited Shareholders' Funds: (a) Share Capital 33.34 33.34 33.34 (b) Reserves and Surplus 1,263.20 1,258.92 1,273.03 1,296.54 1,292.26 1,30
Slide 34: Unaudited Standalone Financial Results for Quarter Ended September 30, 2011
STANDALONE DCM SHRIRAM CONSOLIDATED LIMITED Regd. Office : 5th Floor, Kanchenjunga Building, 18, Barakhamba Road, New Delhi - 110 001 UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED SEPTEMBER 30, 2011 (Rs. in crores) Quarter Ended Half Year Ended Year Ended 30.09.2011 30.09.2010 30.09.2011 30.09.2
Slide 35: Standalone Segment wise Revenue, Results and Capital Employed
STANDALONE Segment wise Revenue, Results and Capital Employed under Clause 41 of Listing Agreements (Rs. In Crores) PARTICULARS Quarter Ended Half Year Ended Year Ended 30.09.2011 30.09.2010 30.09.2011 30.09.2010 31.03.2011 (1) (2) (3) (4) (5) Unaudited Unaudited Unaudited Unaudited Audited A. Segme
Slide 36: Notes to Standalone Results
NOTES TO STANDALONE RESULTS: 1. In accordance with the accounting policy consistently followed by the Company for interim results, the off-season expenditure aggregating Rs. 17.17 crores and Rs. 28.97 crores for the quarter and half year ended September 30, 2011 respectively (corresponding previous
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