Dcm Shriram Limited · NSE:DCMSHRIRAM
Dcm Shriram — Q1 FY15 Earnings Presentation
24 slides from Dcm Shriram's earnings presentation, 2014
Slide 1: DCM Shriram Ltd. Q1 FY15 Results Presentation
DCM Shriram Ltd. Q1 FY15 - 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. Q1 FY15 Key Highlights 4 Q1 FY15 Financial Snapshot 5 Q1 FY15 Segment Performance 6 Q1 FY15 Performance Overview & Outlook 7-9 Management’s Message 10 Agri Input Businesses 12-15 Sugar 16 Hariyali Kisaan Bazaar 17 Chloro-Vinyl Businesses 18-20 Cement 21 Other Busines
Slide 4: Q1 FY15 – Key Highlights
Q1 FY15 – Key Highlights 1. Net Revenues higher by 9% at Rs. 1,704 crore. Growth driven by Bioseed (up 37%) and Chloro- Vinyl (up 26%) 2. PBDIT increased by 33% to Rs. 269 crore vs. Rs. 202 crore, all segments except Sugar register stable to good performance, margins improved : a. Chloro-Vinyl earni
Slide 5: Q1 FY15 – Financial Snapshot
Q1 FY15 – Financial Snapshot Revenues EBITDA Depreciation 1,704 269 1,561 202 34 29 Q1 FY14 Q1 FY15 Q1 FY14 Q1 FY15 Q1 FY14 Q1 FY15 Finance Costs PBIT PAT 177 240 167 114 44 28 Q1 FY14 Q1 FY15 Q1 FY14 Q1 FY15 Q1 FY14 Q1 FY15 All figures in Rs. Crore DCM Shriram Ltd. – Q1 FY15 Results Presentation 5
Slide 6: Q1 FY15 - Segment Performance
Q1 FY15 - Segment Performance Rs. crore Revenues PBIT PBIT Margins % Segments Q1 FY14 Q1 FY15 % Q1 FY14 Q1 FY15 % Q1 FY14 Q1 FY15 Agri Input 896.3 1,013.0 13.0 94.2 127.8 35.7 10.5 12.6 - Fertilisers 143.8 169.7 18.0 6.8 11.5 68.4 4.7 6.8 - Shriram Farm Soln. 463.6 448.6 (3.2) 21.3 20.8 (2.4) 4.6 4.
Slide 7: Q1 FY15 - Performance Overview & Outlook
Q1 FY15 - Performance Overview & Outlook Operating performance stable Earnings reflect increase in reimbursement towards conversion costs under NPS III by Rs. 500 per tonne w.e.f. April 1, 2014 o While this is a positive step, it does not fully compensate the cost increases since FY03 The busi
Slide 8: Q1 FY15 - Performance Overview & Outlook
Q1 FY15 - Performance Overview & Outlook Revenue and profit growth driven by better performance of BT Cotton hybrid seed in Indian Market o Overall volumes of BT cotton for Kharif season up 63% o BT cotton sales in south and central markets witness robust growth o Delay in monsoons has adversely a
Slide 9: Q1 FY15 - Performance Overview & Outlook
Q1 FY15 - Performance Overview & Outlook Performance continues to be robust driven by: o Higher realizations in Plastics (Vinyl) on a Y-o-Y as well as Q-o-Q basis o Realizations in Chlor-Alkali business are firm over Q1 FY14, it has moderated over Q4 FY14 o Volumes are marginally higher in both th
Slide 10: 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 enthused to begin the new financial year with robust operational and financial per
Slide 11: Segmental Overview
Segmental Overview • Agri- Inputs o Fertilisers Agri Businesses o Shriram Farm Solutions o Bioseeds • Sugar • Chlor – Alkali • PVC Resins Chloro-Vinyl Businesses • Calcium carbide • Power Fenesta Building Systems Cement Polymer Compounds Hariyali DCM Shriram Ltd. – Q1 FY15 Results Presentation 11
Slide 12: Agri-Input Businesses
Agri- Input Businesses The Agri input business contributed to 59% 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 13: Fertilisers (Urea)
Fertilisers (Urea) Operational Financial Sales Realizations Revenues PBIT Particulars (MT) (Rs./MT) (Rs. cr.) (Rs. cr.) Q1 FY15 101,011 16,778 169.7 11.5 Q1 FY14 106,049 13,517 143.8 6.8 % Shift (4.8) 24.1 18.0 68.4 Production during the quarter was lower - will be made up in the balance part of t
Slide 14: Shriram Farm Solutions
Shriram Farm Solutions Particulars Revenues (Rs. cr.) PBIT (Rs. cr.) Q1 FY15 448.6 20.8 Q1 FY14 463.6 21.3 % Shift (3.2) (2.4) The portfolio comprises value-added products such as Seeds, Pesticides, Soluble fertiliser, Micro-nutrients etc. along with bulk fertilisers (DAP, MOP, SSP) Weak monsoon
Slide 15: Bioseed
Bioseed Particulars Revenues (Rs. cr.) PBIT (Rs. cr.) Q1 FY15 394.7 95.5 Q1 FY14 289.0 66.1 % Shift 36.6 44.5 Bioseed business is intensely research based and is uniquely diversified across key crops (Cotton, Corn, Paddy, Bajra and Vegetables). India is the key market with presence across all ab
Slide 16: Sugar
Sugar Operational Financial Sales (Lac Qtl) Realizations Revenues PBIT Particulars Free Sugar Levy Sugar *(Rs./Qtl) (Rs. cr.) (Rs. cr.) * Free Sugar Q1 FY15 7.7 - 3,198 280.8 8.0 Q1 FY14 9.3 0.04 3,160 338.3 (1.0) % Shift (17.2) - 1.2 (17.0) - Lower sugar sales volumes resulted in decline in reven
Slide 17: Hariyali Kisaan Bazaar
Hariyali Kisaan Bazaar Particulars Revenues (Rs. cr.) PBIT (Rs. cr.) Q1 FY15 137.3 1.1 Q1 FY14 121.8 (0.3) % Shift 12.7 - Current revenues only from fuel sales Earnings a result of profit on sale of a properties Company is focused on sale of properties. Expected to be completed over next 2-3 y
Slide 18: Chloro-Vinyl Businesses
CHLORO-VINYL BUSINESSES The Chloro-Vinyl business of the Company has highly integrated operations with multiple revenue streams and economical captive power generation facilities. Chlor-Alkali operations are at two locations (Kota – Rajasthan and Bharuch – Gujarat). Chloro-Vinyl operates with full c
Slide 19: Chlor-Alkali
Chlor-Alkali Operational Financial Sales Realizations Revenues PBIT Particulars (MT) (Rs./MT) (Rs. cr.) (Rs. cr.) Q1 FY15 66,095 25,947 187.0 59.9 Q1 FY14 61,770 22,465 151.1 42.5 % Shift 7.0 15.5 23.8 40.9 Operations at both, Kota and Bharuch continued to deliver optimal Chlor-Alkali production.
Slide 20: Plastics
Plastics Operational Financial PVC PVC XWR Carbide Carbide XWR Revenues PBIT Particulars Sales Realizations Sales Realizations (Rs. cr.) (Rs. cr.) (MT) (Rs./MT) (MT) (Rs./MT) Q1 FY15 18,303 76,638 5,691 42,923 171.6 53.2 Q1 FY14 14,952 63,876 8,166 40,178 133.8 38.8 % Shift 22.4 20.0 (30.3) 6.8 28.3
Slide 21: Cement
Cement Operational Financial Sales Realizations Revenues PBIT Particulars (MT) (Rs./MT) (Rs. cr.) (Rs. cr.) Q1 FY15 94,068 3,251 36.8 4.8 Q1 FY14 82,438 2,920 29.6 2.6 % Shift 14.1 11.3 24.3 89.6 The Cement business is Ltd. in size since its capacity is driven by the waste generated from carbide p
Slide 22: Other Businesses
Other Businesses DSCL’s other operations, reported as ‘others’ in the financial results, include its businesses of Polymer Compounding (now under JV) and Fenesta Building Systems. Revenues under ‘others’ stood at Rs. 64.8 crore in the quarter under review compared to Rs. 76.5 crore in the correspond
Slide 23: Fenesta Building Systems
Fenesta Building Systems Operational Financial Revenues Particulars Order Book (nos.) (Rs. cr.) Q1 FY15 25,459 40.4 Q1 FY14 37,372 42.4 % Shift (31.9) (4.7) Fenesta with its diverse product line is regarded as a brand and product leader on a pan India basis. The brand has become synonymous with UP
Slide 24: 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 Fenesta and Bioseed. With a large base