Slide 1: Financial Results Q4 and year ended 31 Dec. 2013
Financial Results Q4 and year ended 31 Dec. 2013 Linde India Limited Moloy Banerjee, Managing Director 10 February, 2014 1
Slide 2: Disclaimer
Disclaimer This presentation contains forward-looking statements about Linde India Limited (“Linde”) and its respective subsidiaries and businesses. These include, without limitation, those concerning the strategy of an integrated group, future growth potential of markets and products, profitability
Slide 3: Highlights – 2013
Highlights – 2013 Strong performance. — Net revenue for the year is 14,022 MINR (+7%) compared to last year at 13,134 MINR — Gases revenue for the year at 10,497 MINR (+14%) on account of ramp up of new pipeline supplies (namely Tata 2550 and Sterlite SMR), growth in healthcare segment including med
Slide 4: Performance – 2013
Performance – 2013 Growth despite of industrial slowdown 2012 2013 yoy Net Revenue [RsM] 13,134 14,022 +7% EBITDA* [RsM] 2,066 2,698 +31% RoS [%] 16% 19% +351bp EBIT* [RsM] 941 1,408 +50% PAT [RsM] 895 773 -14% EPS reported [Rs] 10.49 9.07 -14% — Company recorded revenue growth of 7% during the year
Slide 5: Revenue & Operating Profit by Divisions – 2013
Revenue & Operating Profit by Divisions – 2013 Growth despite of industrial slowdown Revenue +7% [RsM] +31% [RsM] EBITDA 14,022 2,698 13,134 3,525 3,503 -9% 705 +10% 3,889 2,066 3,878 756 640 727 10,497 +14% 1,993 9,245 9,256 10,519 +40% 1,945 1,426 1,338 2012 2013 2012 2013 Projects (Engineering) G
Slide 6: Performance – Q4 2013
Performance – Q4 2013 Strong performance of both divisions. Q4 2012 Q4 2013 yoy Net Revenue [RsM] 3,260 4,363 +34% EBITDA* [RsM] 464 795 +71% RoS [%] 14% 18% +400bp EBIT* [RsM] 67 468 +599% PAT [RsM] 454 555 +22% EPS reported [Rs] 5.32 6.51 +22% — Sales growth driven by high revenue realization from
Slide 7: Revenue & Operating Profit by Divisions – Q4 2013
Revenue & Operating Profit by Divisions – Q4 2013 Strong performance of both divisions 34% 71% Revenue [RsM] EBITDA [RsM] 4,363 795 1,590 260 +49% 3,260 +89% 839 464 2,412 2,794 533 175 290 2,773 535 +85% 2,421 +15% 1568 265 848 290 175 Q4 2012 Q4 2013 Q4 2012 Q4 2013 Projects (Engineering) Gases an
Slide 8: Outlook
Outlook — Projection of GDP growth for 2013-14 is around 4.8%; however, Industry growth expected only at 1.5%; Q4 2013 witnessed pick up of industrial activity for specific customers leading to higher merchant demand — Tata 2550tpd plant completed one year of operations with a good reliability — One
Slide 9: Appendix
THE LINDE GROUP Appendix
Slide 10: Linde India – 2013 Key P&L items
Linde India – 2013 Key P&L items [RsM] 2012 2013 ∆ Revenue 1 3,134 14,022 7% Other Income 145 346 139% Total expenses 12,338 12,960 -5% COGS - 11,213 -11,670 -4% D&A -1,125 -1,290 -15% EBIT 941 1,408 50% EBIT margin 7.16% 10.04% 288bp EBT 536 663 24% Exceptional Item 719 503 -30% Tax expense 360 393
Slide 11: Linde India – 2013 Key balance sheet items
Linde India – 2013 Key balance sheet items [RsM] 2012 2013 ∆ Shareholders’ Funds 13,339 14,423 8% Non-current liabilities 12,581 16,060 28% Long-term borrowings 8,504 11,157 31% Current Liabilities 8,220 9,177 11% Total Equities and Liabilities 34,141 39,660 16% Non-current assets 27,382 32,326 18%
Slide 12: Linde India – Q4 2013 Key P&L items
Linde India – Q4 2013 Key P&L items [RsM] Q4 2012 Q4 2013 ∆ Revenue 3,260 4,363 34% Other Income 41 70 71% Total expenses 3,234 3,964 -23% COGS - 2,837 -3,637 -28% D&A -397 -327 -17% EBIT 67 468 599% EBIT margin [%] 2.1% 10.7% 866bp EBT -105 220 309% Exceptional Item 719 503 -30% Tax expense -160 -1
Slide 13: Contact
Contact Phone: +91.33.2401-4708 Email: pawan.marda@linde.com Internet: www.linde.in 13