Dcm Shriram Limited · NSE:DCMSHRIRAM
Dcm Shriram — DCM Shriram Consolidated — H1 FY13 Earnings Presentation
27 slides from Dcm Shriram's earnings presentation, Oct 26, 2012
Slide 1: DCM Shriram Consolidated Limited Q2 & H1 FY13 Results Presentation
DCM Shriram Consolidated Limited Q2 & H1 FY13 Results Presentation October 26, 2012
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 actu
Slide 3: Table of Content
Table of Content Title Slide No. Q2 FY13 Key Highlights 4 Q2 FY13 Segment Performance 5 Q2 FY13 Performance Overview 6-7 H1 FY13 Key Highlights 8 H1 FY13 Segment Performance 9 H1 FY13 Performance Overview 10-11 Outlook & Perspectives 12 Management’s Message 13 Agri Input Businesses 15-18 Sugar 19 Ha
Slide 4: Q2 FY13 - Key Highlights
Q2 FY13 - Key Highlights Total Revenues PBIT 1,400 1,342 90 25% 1,071 71 1,050 60 700 30 350 1 - - Q2 FY12 Q2 FY13 Q2 FY12 Q2 FY13 PAT PBT 40 75 29 20 45 32 - 15 Q2 FY12 Q2 FY13 (20) (15) Q2 FY12 Q2 FY13 (40) (38) (45) (44) All figures in Rs. crore DSCL Q2 & H1 FY13 Results Presentation 4
Slide 5: Q2 FY13 - Segment Performance
Q2 FY13 - Segment Performance Revenues* PBIT* PBIT Margins % Segments Q2 FY13 Q2 FY12 % Q2 FY13 Q2 FY12 % Q2 FY13 Q2 FY12 Agri Input 524.8 340.5 54.1 (7.3) 11.35 -- (1.4) 3.3 - Fertilisers 141.9 97.6 45.3 7.1 (9.8) -- 5.0 (10.0) - Farm solutions 350.6 204.5 71.5 10.1 18.4 (44.7) 2.9 9.0 - Bioseed 32
Slide 6: Q2 FY13 – Performance Overview
Q2 FY13 – Performance Overview a) Net Revenues higher by 25.3% at Rs. 1,342.2 crore compared to Rs. 1,071.3 crore: i. Fertiliser revenues up by 45.3% at Rs. 141.9 crore – led by higher volumes compared to last year - the Company in Q2 FY12 had lower volumes on account of planned maintenance shut dow
Slide 7: Q2 FY13 – Performance Overview
Q2 FY13 – Performance Overview b) PBIT up at Rs. 71 crore vs. Rs. 0.8 crore i. Fertilizers PBIT at Rs. 7.1 crore vis-à-vis Rs. (9.8) crore – planned maintenance shutdown in Q2 FY12 resulted in loss of production along with shutdown related expenses. The Company continues to incur uncompensated cost
Slide 8: H1 FY13 - Key Highlights
H1 FY13 - Key Highlights Total Revenues PBIT 3,000 21% 2,769 250 2,296 202 2,500 200 2,000 193% 150 1,500 100 69 1,000 500 50 - - H1 FY12 H1 FY13 H1 FY12 H1 FY13 PAT PBT 80 70 60 63 60 40 40 20 10 - H1 FY12 H1 FY13 H1 FY12 H1 FY13 (20) (12) (20) (16) All figures in Rs. crore DSCL Q2 & H1 FY13 Result
Slide 9: H1 FY13 - Segment Performance
H1 FY13 - Segment Performance Revenues* PBIT* PBIT Margins % Segments H1 FY13 H1 FY12 % H1 FY13 H1 FY12 % H1 FY13 H1 FY12 Agri Input 1,211.7 856.4 41.5 82.5 73.2 12.8 6.8 8.5 - Fertilisers 278.5 227.0 22.7 14.9 0.2 -- 5.3 0.1 - Farm solutions 648.5 417.1 55.5 25.1 31.2 (19.6) 3.9 7.5 - Bioseed 284.7
Slide 10: H1 FY13 – Performance Overview
H1 FY13 – Performance Overview a) Net Revenues higher by 20.6% at Rs. 2,769.3 crore compared to Rs. 2,296.5 crore: i. Farm solutions revenues up by 55.5% at Rs. 648.5 crore - driven by volume growth in value added inputs (up by 48%) along with sale of DAP & MOP (Rs. 127 crore as compared to Rs. 1.6
Slide 11: H1 FY13 – Performance Overview
H1 FY13 – Performance Overview b) PBIT (before exceptional items) up by 193.5% at Rs. 201.5 crore compared to Rs. 69 crore i. Fertilizers PBIT at Rs. 14.9 crore vis-à-vis Rs. 0.2 crore – The earnings are higher due to higher volumes as compared to previous period as the Company had undertaken its pl
Slide 12: Outlook & Perspectives
Outlook & Perspectives i. Fertilisers (Urea): i. Business continues to witness cost pressures due to non-finalization of the New Urea Policy ii. The Company will be undertaking a maintenance shutdown in Q3 FY13 ii. Farm Solutions: i. In the medium term, we expect this business to continue to witness
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: “We are glad to report satisfactory performance during the quarter led by: 1. Continuing b
Slide 14: Segmental Overview
Segmental Overview • Agri- Inputs – Fertilisers – Farm Solutions – Bioseeds Agri Businesses • Sugar • Chlor – Alkali • PVC Resin and Chloro-Vinyl Compounds Businesses • Calcium carbide • Power Hariyali Kisaan Bazaar Fenesta Building Systems Cement Textile DSCL Q2 & H1 FY13 Results Presentation 14
Slide 15: Agri-Input Businesses
AGRI- INPUT BUSINESSES The Agri input business contributed to 39% 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 16: Fertilisers (Urea)
Fertilisers (Urea) Operational Financial Sales Realizations Revenues PBIT Particulars (MT) (Rs./MT) (Rs. cr.) (Rs. cr.) Q2 FY13 104,700 13,531 141.9 7.1 Q2 FY12 75,854 12,829 97.6 (9.8) % Shift 38.0 5.5 45.3 -- H1 FY13 206,287 13,441 278.5 14.9 H1 FY12 172,667 12,867 227.0 0.2 % Shift 19.5 4.5 22.7
Slide 17: Farm Solutions
Farm Solutions Particulars Revenues (Rs. cr.) PBIT (Rs. cr.) Q2 FY13 350.6 10.1 Q2 FY12 204.5 18.4 % Shift 71.5 (44.7) H1 FY13 648.5 25.1 H1 FY12 417.1 31.2 % Shift 55.5 (19.6) a) The portfolio comprises value-added products such as Seeds, Pesticides, Soluble fertiliser, Micro- nutrients etc. along
Slide 18: Bioseed
Bioseed Particulars Revenues (Rs. cr.) PBIT (Rs. cr.) Q2 FY13 32.3 (24.5) Q2 FY12 38.4 2.8 % Shift (16.0) -- H1 FY13 284.7 42.6 H1 FY12 212.3 41.8 % Shift 34.1 1.9 a) DSCL’s Bioseed business is uniquely diversified across key crops (Cotton, Corn, Paddy, Bajra and Vegetables) and Asian geographies in
Slide 19: Sugar
Sugar Operational Financial Sales (Lac Qtl) Realizations Revenues PBIT Particulars Free Sugar Levy Sugar *(Rs./Qtl) (Rs. cr.) (Rs. cr.) Q2 FY13 8.9 0.91 3,355 346.5 31.3 Q2 FY12 5.2 0.81 2,751 183.8 (2.7) * Free Sugar % Shift 71.1 12.3 22.0 88.5 -- H1 FY13 16.4 1.52 3,139 626.2 27.3 H1 FY12 11.8 1.5
Slide 20: Hariyali Kisaan Bazaar
Hariyali Kisaan Bazaar Particulars Revenues (Rs. cr.) PBIT (Rs. cr.) Q2 FY13 98.6 (10.0) Q2 FY12 194.7 (28.4) % Shift (49.4) -- H1 FY13 312.0 (30.3) H1 FY12 397.1 (47.8) % Shift (21.4) -- a) Revenues lower by 49.4% at Rs. 98.6 crore – performance in line with plan as the Company is implementing a re
Slide 21: Chloro-Vinyl Businesses
CHLORO-VINYL BUSINESSES 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 pow
Slide 22: Chlor-Alkali
Chlor-Alkali Operational Financial Sales Realizations Revenues PBIT Particulars (MT) (Rs./MT) (Rs. cr.) (Rs. cr.) Q2 FY13 60,997 26,643 176.4 57.9 Q2 FY12 58,412 23,345 145.2 36.4 % Shift 4.4 14 22 59 H1 FY13 114,745 27,065 336.9 109.3 H1 FY12 116,045 23,254 283.1 64.7 % Shift (1.1) 16.4 19 69 a) Hi
Slide 23: Plastics
Plastics Operational Financials PVC PVC XWR Carbide Carbide XWR Revenues PBIT Particulars Sales Realizations Sales Realizations (Rs. cr.) (Rs. cr.) (MT) (Rs./MT) (MT) (Rs./MT) Q2 FY13 9,358 64,164 7,328 43,392 93.8 15.0 Q2 FY12 10,466 57,295 8,477 38,274 94.4 - % Shift (10.6) 12.0 (13.6) 13.3 -- - H
Slide 24: Cement
Cement Operational Financial Sales Realizations Revenues PBIT Particulars (MT) (Rs./MT) (Rs. cr.) (Rs. cr.) Q2 FY13 83,519 3,351 32.0 2.1 Q2 FY12 85,528 2,611 28.8 (0.2) % Shift (2.3) 28.3 11.1 -- H1 FY13 183,664 3,173 69.6 8.5 H1 FY12 182,055 2,794 64.0 6.0 % Shift 0.9 13.6 8.7 40.9 a) The Cement b
Slide 25: Other Businesses
OTHER BUSINESSES DSCL’s other operations, reported as ‘others’ in the financial results, include its businesses of Polymer Compounding, Fenesta Building Systems along with Textiles. Revenues under ‘others’ stood at Rs. 72.3 crore in the quarter under review compared to Rs. 90.7 crore in the correspo
Slide 26: Fenesta Building Systems
Fenesta Building Systems Operational Financial Revenues Particulars Order Book (Rs. cr.) Q2 FY13 51,143 38.2 Q2 FY12 81,019 45.6 % Shift (37.0) (16.2) H1 FY13 129,023 80.2 H1 FY12 143,536 85.9 % Shift (10.1) (6.6) a) Fenesta with its diverse product line is regarded as a brand and product leader on
Slide 27: About Us & Investor Contacts
About Us & Investor Contacts 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 comp
DCM Shriram Consolidated — H1 FY13 Earnings Presentation on 6ix