Gujarat Fluorochemicals Ltd. · NSE:FLUOROCHEM
Gujarat Fluorochemicals — Q3 FY2023 Earnings Presentation
34 slides from Gujarat Fluorochemicals's earnings presentation, Feb 7, 2023
Slide 1: Exchange filing cover letter for Investor Presentation Q3 FY2022-23
GFCL: BRD: 2023 07th February, 2023 The Secretary The Secretary BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, Bandra Kurla Complex Dalal Street, Mumbai 400 001 Bandra (E), Mumbai 400 051 Scrip code: 542812 Scrip Code: FLUOROCHEM Dear Sir/Madam, Sub: P
Slide 2: Gujarat Fluorochemicals Limited Investor Presentation Q3FY23
Gujarat Fluorochemicals Limited Investor Presentation Q3FY23
Slide 3: Earnings Update Q3FY23, Financial Trend, Company Overview, Core Competencies
Earnings Update Q3FY23 Financial Trend Company Overview Core Competencies 2
Slide 4: Earnings Update Q3FY23
GUJARAT FLUOROCHEMICA\ Earnings Update Q3FY23
Slide 5: Q3FY23 Highlights
Q3FY23 Highlights ➢ Consolidated Revenue from Operations for Q3FY23 was Rs. 1418 Cr up by 41% on a YoY basis. ➢ Consolidated EBIDTA for Q3FY23 was Rs. 523 Cr up by 66% on a YoY basis. ➢ The EBIDTA margins for Q3FY23 were 37% as against 31% in Q3FY22. ➢ Consolidated PAT for Q3FY23 was at Rs. 331 Cr u
Slide 6: Consolidated Revenue From Operations
Consolidated Revenue From Operations 1,461 1,418 1,418 41% 1,004 3% Q2FY23 Q3FY23 Q3FY22 Q3FY23 Figures in Rs. Cr 5
Slide 7: Consolidated EBITDA & EBIDTA Margin
Consolidated EBITDA & EBIDTA Margin 37% 37% 37% 31% 536 523 523 315 66% 2% Q2FY23 Q3FY23 Q3FY22 Q3FY23 EBITDA EBITDA % EBITDA EBITDA % Figures in Rs. Cr 6
Slide 8: Consolidated PAT & PAT Margin
Consolidated PAT & PAT Margin 24% 23% 23% 20% 357 331 331 64% 201 7% Q2FY23 Q3FY23 Q3FY22 Q3FY23 PAT PAT % PAT PAT % Figures in Rs. Cr 7
Slide 9: Business Vertical – Bulk Chemicals
Business Vertical – Bulk Chemicals 285 269 6% Performance and Outlook – Bulk Chemicals Plants running at full capacity during the quarter. Caustic soda/MDC prices remained stable during the quarter. Revenue Q2FY23 Q3FY23 Bulk Chemicals prices are expected to be impacted due additional domestic 324 s
Slide 10: Business Vertical – Fluorochemicals
Business Vertical – Fluorochemicals 382 349 Performance and Outlook - Fluorochemicals 9% Volumes and prices remained stable during the quarter, barring seasonal impact in refrigerant segment. Refrigerant demand is expected to remain robust in Q4FY23. Revenue Q2FY23 Q3FY23 349 New fluorochemicals pla
Slide 11: Business Vertical – Fluoropolymers
Business Vertical – Fluoropolymers 784 763 3% Performance and Outlook - Fluoropolymer Volumes and prices remained stable during the quarter, barring marginal impact due to holiday season in USA and Europe. Q2FY23 Q3FY23 Overall demand and prices are expected to remain stable during Q4FY23. Revenue I
Slide 12: Financial Trend
GUJARAT FLUOROCHEMICA\ Financial Trend 11
Slide 13: Annual Revenue, EBIDTA and PAT Trend
Annual Revenue, EBIDTA and PAT Trend 4500 3954 4213 60% 1,750 4000 1,518 1,500 3500 1,198 3000 2606 2651 1954 2453 1,250 2500 1,000 36% 40% 2000 1344 1302 750 638 553 30% 1500 500 1000 2000 1760 24% 1262 1349 250 21% 500 0 - 20% FY 20 FY 21 FY 22 9MFY23 FY 20 FY 21 FY 22 9MFY23 Domestic Revenue Expo
Slide 14: RoCE-RoE, Debt-Equity & Working Capital Trend
RoCE-RoE , Debt-Equity & Working Capital Trend RoCE RoE 40.00% 35.34% 35.00% 35.00% 28.05% 30.00% 30.00% 24.46% 25.00% 20.10% 25.00% 20.00% 20.00% 15.00% 11.92% 15.00% 9.87% 10.00% 10.00% 5.00% 5.00% 0.00% 0.00% FY 21 FY 22 9MFY23 FY 21 FY 22 9MFY23 Net Debt Equity Ratio Working Capital Days 0.40 20
Slide 15: Capex Plan
Capex Plan FY 2024 FY 2023 Rs. 1250 Cr Rs 1250 Cr FY 2022 Rs 660 Cr GFL is currently investing / has planned capex towards expanding its capacities for Chemicals for backward integration, Fluoropolymers and New Age Products 14
Slide 16: INOXGFL, Group Company
20 INOYGEL, Group Company 1 15
Slide 17: INOXGFL Group
INOXGFL Group The INOXGFL Group with a legacy of more than 90 years is one of the largest business Group’s in India. The Group is a forerunner in diversified business segments comprising fluorochemicals, fluoropolymers, wind turbines and renewables. The Group currently with 4 listed entities has a m
Slide 18: Business Verticals
Business Verticals 30 years of expertise of focusedinexpertise Fluorine in Chemistry Fluorine Chemistry BULK CHEMICALS Established player in Fluoropolymers, Specialty Chemicals, Refrigerants & Bulk Chemicals FLUOROCHEMICALS Three manufacturing facilities in India, Fluorspar mine in Morocco, offices
Slide 19: Bulk Chemicals Vertical
Bulk Chemicals Vertical PRODUCTS CAUSTIC SODA CHLOROFORM METHYLENE DI CHLORIDE CTC APPLICATIONS • Textiles • Feedstock for Refrigerant • Pharma API • Pesticides • Soaps & Detergents Gas R-22 • Foam manufacturing • Agricultural Chemicals • Alumina • Solvent - Pharma • Agri-chem & Pharma • Plastics Fo
Slide 20: Fluorochemicals Vertical
Fluorochemicals Vertical PRODUCTS HF BASED TFE BASED KF BASED REFRIGERANTS APPLICATIONS • Agrochemical majorly Insecticides, • Pharmaceutical Intermediates, • Pharmaceutical Intermediates, • Air-conditioners Herbicides & Fungicides • Agrochemical Pesticide & • Agrochemical Pesticide & • Plant Growth
Slide 21: Fluoropolymers Vertical
Fluoropolymers Vertical PRODUCTS PTFE MICRO POWDERS PFA PVDF FEP FKM PPA APPLICATIONS • Oil & Gas • Printing Inks • Semi-conductors • Chemical • Wire & Cable • Automotive • Improve Surface • Pharma & CPI • Engineering • Aero-space Processing • Defense • Chemicals Finish & Gloss • Food plastics • Che
Slide 22: New Age Industry Vertical
New Age Industry Vertical APPLICATIONS ELECTRIC VEHICLES SOLAR PANELS HYDROGEN FUEL CELLS / ELECTROLYZERS PRODUCTS • PVDF Electrode Binders • PVDF Film • Fluoropolymers(FKM, PTFE, FEP) • Battery Chemicals • Back-sheet • Membranes • LiPF6 • Charging Accessories • Additives • Electrolyte Formulations
Slide 23: New Age Vertical-Electric Vehicle Batteries
New Age Vertical-Electric Vehicle Batteries APPLICATIONS ELECTRIC VEHICLES BATTERIES PRODUCTS • PVDF Electrode Binders • Battery Chemicals • LiPF6 • Additives • Electrolyte Formulations ➢ Battery demand 2030 for EVs, energy storage and consumer electronics is estimated at 2633 GWH with EV battery ch
Slide 24: New Age Vertical-Solar Panels
New Age Vertical-Solar Panels APPLICATIONS SOLAR PANELS PRODUCTS • PVDF Film • Back-sheet ➢ Under the Solar Mission, to reduce both the carbon emissions and the dependance on imports of oil, the Indian Government has announced a very ambitious target of achieving 450 GW of renewable energy by 2030.
Slide 25: New Age Vertical-Hydrogen Fuel Cells / Electrolyzers
New Age Vertical-Hydrogen Fuel Cells / Electrolyzers APPLICATIONS HYDROGEN FUEL CELLS / ELECTROLYZERS PRODUCTS • Fluoropolymers(FKM, PTFE, FEP) • Membranes • Charging Accessories ➢ Green hydrogen has the potential to decarbonise industry, transport, energy and heating leading to significant emission
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Slide 27: Core Competencies
Core Competencies Integrated Plant Operations Manufacturing Capabilities Global Presence 26
Slide 28: Integrated Operations
Integrated Operations GFL’s vertically integrated facility makes it one of the most reliable producers, of a wide range of * Fluoropolymers, globally. Integration play helps GFL to maximise value addition. * Under Implementation 27
Slide 29: Manufacturing Facilities
Manufacturing Facilities RANJIT NAGAR, GUJARAT, INDIA DAHEJ, GUJARAT, INDIA JOLVA, GUJARAT, INDIA Specialty Chemicals & Refrigerants Fluoropolymers, Specialty & Bulk Fluoropolymers, Specialty & New Chemicals Age Chemicals Commissioned in 1989 Commissioned in 2007 Under Phased Commissioning Largest R
Slide 30: Research & Development
Research & Development Enables customised solutions Collaborates with renowned and develop sustainable educational and research technology institutes Equipped with team of highly efficient researchers, scientists and product specialists, with state of the art equipment including application developm
Slide 31: Sustainability Awards & Certification
Sustainability Awards & Certification CERTIFICATIONS ISO 14001 : 2015 Health – Safety - Environment ISO 9001 : 2015 ISO 45001 : 2018 ISO 37001 : 2016 Ethics ISO / IEC 27001 : 2013 SA8000:2014 We have aligned all our Internal & Supply chain processes as per the following Social Responsibility standar
Slide 32: Regulatory Compliance
Regulatory Compliance GUJARAT FLUOROCHEMICALS ROHS - Restriction of Hazardous Substances GECHA EUROPEAN CHEMICALS AGENCY SVHC - Substances of Very High Concern FDA - Food and Drug Administration An INOYAGEL Group Company Use US Marmacopstt REACH - Registration, Evaluation, USP Class VI - United Stat
Slide 33: For further queries
For further queries: Vibhu Agarwal Head Investor Relations e-mail: vibhu.agarwal@gfl.co.in Manoj Agrawal Chief Financial Officer e-mail: manojagrawal@gfl.co.in Bhavin Desai Company Secretary e-mail: bvdesai@gfl.co.in 32
Slide 34: Thank You
Thank You This presentation and the following discussion may contain “forward looking statements” by Gujarat Fluorochemicals Limited (“GFCL” or “the Company”) that are not historical in nature. These forward looking statements, which may include statements relating to future state of affairs, result
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