Slide 1: Exchange filing cover letter for earnings call presentation
The Corporate Relationship Department, National Stock Exchange of India Limited BSE Limited “Exchange Plaza” Ist Floor , New Trading Ring Rotunda Bandra-Kurla Complex Building, P.J. Towers Bandra (E) Dalal Street, Mumbai 400 051 Mumbai 400 001 Scrip Code- 503806 Scrip Code-SRF SRF/SEC/BSE/NSE 6th Ma
Slide 2: Q4 & FY21 Results Presentation
SRF Limited Q4 & FY21 Results Presentation May 06, 2021 SRF - General [Restricted use] - This mail, document can be used by recipients for its intended purpose only.
Slide 3: Disclaimer
Disclaimer Certain statements in this document may be forward-looking. Such statements are subject to certain risks and uncertainties like regulatory changes, local, political or economic developments, and many other factors that could cause our actual results to differ materially from those contemp
Slide 4: Contents
Contents 04 13 10 15 30 Company Q4 & FY21 Q4 & FY21 Outlook Overview Segmental Performance Results Overview Segmental Performance 3 Q4 & FY21 Results Presentation | 3 SRF - General [Restricted use] - This mail, document can be used by recipients for its intended purpose only.
Slide 5: Company Overview
COMPANY OVERVIEW SRF - General [Restricted use] - This mail, document can be used by recipients for its intended purpose only.
Slide 6: Growth Levers
Growth Levers Build a Company known and respected for its R&D capabilities Focus on building Nurture innovation Focus on building Drive growth in new leadership through R&D knowledge-based businesses businesses Reposition portfolio value-added products De-risk from Technical Build and maintain towar
Slide 7: Snapshot
Snapshot 8,400 INR Cr Revenue 2,188 Cr EBIDTA 1,198 Cr PAT 43% Chemicals Exports to 75+ Countries 14 Manufacturing Plants 39% Packaging Operations in 4 Countries 7,000 Global Workforce 15% Technical Textiles FY 20 numbers pertaining to continuing operations only Q4 Q4&&FY21 FY21Results ResultsPresen
Slide 8: Overview - Business Profile
Overview - Business Profile Revenue 3,645 3,292 1,240 232 EBIT 728 898 177 26 No of Plants 2 6 4 2 Chemicals Packaging Films Technical Textiles Others Specialty Chemicals Films for Flexible Packaging • Tyre Cord Fabrics (Nylon & • Coated Fabrics Polyester) • Laminated Fabrics • Intermediates for API
Slide 9: Manufacturing Facilities
Manufacturing Facilities FLUOROCHEMICALS & SPECIALTY CHEMICALS 2 National Operations LAMINATED FABRICS 1. Rajasthan, India - Bhiwadi 1 National Operation 2. Gujarat, India - Dahej 1. Uttarakhand, India - Kashipur TECHNICAL TEXTILES COATED FABRICS 1 1 National Operation 4 National Operations 1 1. Mad
Slide 10: Market Leadership Across Businesses
Market Leadership Across Businesses Speciality Chemicals Fluorochemicals Packaging Films Technical Textiles ▪ Established relationship with ▪ Unique and fully integrated ▪ Recognized for expertise in ▪ Domestic market leader in Tyre marquee customers facilities extending across a developing, manufac
Slide 11: Q4 & FY21 Results Overview
Q4 & FY21 RESULTS OVERVIEW SRF - General [Restricted use] - This mail, document can be used by recipients for its intended purpose only.
Slide 12: Abridged Results Overview - Consolidated
Abridged Results Overview - Consolidated Consolidated figures Particulars (Fig. in Rs. Cr) Q4 FY21 Q4 FY20 % Y-o-Y FY21 FY20 % Y-o-Y Gross Operating Revenue 2,607.6 1,857.8 40.4% 8,400.0 7,209.4 16.5% EBITDA 647.2 394.7 64.0% 2,187.8 1,507.5 45.1% EBITDA Margin (%) 24.8% 21.2% 26.0% 20.9% Depreciati
Slide 13: Results Overview - Financial Overview
Results Overview - Financial Overview Consolidated figures Key Financial Ratios PARTICULARS FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 EBITDA Margin 17.59% 13.59% 20.43% 22.13% 21.42% 17.69% 19.00% 20.90% 26.05% PAT Margin 6.69% 4.04% 8.78% 9.51% 10.87% 8.38% 8.33% 12.70% 14.26% Net Debt to Equity
Slide 14: Results Overview - Revenue & EBIT
Results Overview - Revenue & EBIT Consolidated figures REVENUES (Rs. Cr) EBIT (Rs. Cr) Q4 FY20 Q4 FY21 Q4 FY20 Q4 FY21 2,610.4 575.3 275.2 1,152.6 1,857.8 218.5 979.5 881.9 158.9 332.1 130.7 601.5 400.6 316.8 72.8 37.2 77.7 57.6 8.8 5.3 CB PFB TTB OT HE RS TOTA L CB PF B TTB OT HE RS TOTA L FY20 FY2
Slide 15: Results Overview - Revenue Share
Results Overview - Revenue Share 3.0% 3.1% Q4 FY21 Q4 FY20 15.3% 17.0% 32.4% 37.5% 44.2% 47.5% CB PFB TTB FY21 2.8% FY20 Others 3.9% 14.7% 18.8% 39.2% 36.1% 43.3% 41.2% CB – Chemicals Business; PFB - Packaging Films Business; TTB – Technical Textiles Business; Others 14 Q4 & FY21 Results Presentatio
Slide 16: Q4 & FY21 Segmental Overview
Q4 & FY21 SEGMENTAL OVERVIEW Packaging Chemicals Films Technical Textiles Others SRF - General [Restricted use] - This mail, document can be used by recipients for its intended purpose only.
Slide 17: Chemicals Business
Chemicals Business Q4 & FY21 Results Presentation | 16 SRF - General [Restricted use] - This mail, document can be used by recipients for its intended purpose only.
Slide 18: Chemicals Business - Results Update
Chemicals Business - Results Update Consolidated figures PARTICULARS (Rs. Cr) Q4 FY21 Q4 FY20 % SHIFT FY21 FY20 % SHIFT Segment Revenues 1152.6 881.9 30.7% 3644.9 2975.0 22.5% % Contribution to Revenues 44.2% 47.5% 43.3% 41.2% EBIT 275.2 158.9 73.2% 728.1 511.5 42.4% % EBIT Margins 23.9% 18.0% 20.0%
Slide 19: Chemicals Business - Specialty Chemicals
Chemicals Business Specialty Chemicals Business o Segment registered a robust performance during the period under review on account of: • Strong demand from the overseas markets • Enhanced volumes of certain key high margin batch products • Optimal utilization of existing facilities and additional c
Slide 20: Chemicals Technology Group
Chemicals Business Chemicals Technology Group o Chemicals Technology Group (CTG) is actively engaged in the development of new process technologies o Key focus on high end molecules o Strong internal competencies and capabilities o Equipped with state-of-the-art R&D facilities and an ingenious team
Slide 21: Chemicals Business - Fluorochemicals
Chemicals Business Fluorochemicals Business o Segment delivered a healthy performance during the quarter under review on account of : • Significant sales volumes in the refrigerants segment – R32, R125 & blends from both domestic and export market • Higher contribution from the chloromethanes segmen
Slide 22: Packaging Films Business
Packaging Films Business Packaging Films Q2 & H1 FY21 Results Presentation | 21 SRF - General [Restricted use] - This mail, document can be used by recipients for its intended purpose only. Q4 & FY21 Results Presentation | 21
Slide 23: Packaging Films Business - Results Update
Packaging Films Business - Results Update Consolidated figures PARTICULARS (Rs. Cr) Q4 FY21 Q4 FY20 % SHIFT FY21 FY20 % SHIFT Segment Revenues 979.5 601.5 62.8% 3291.7 2604.0 26.4% % Contribution to Revenues 37.5% 32.4% 39.1% 36.1% EBIT 218.6 130.7 67.2% 897.9 555.6 61.6% % EBIT Margins 22.3% 21.7%
Slide 24: Packaging Films Business - Key Highlights
Packaging Films Business Key Highlights o Segment performed exceedingly well during the quarter on account of: • Continued focus on end customer engagement to drive volume growth / product mix • Enhanced contribution from value-added products • Dedicated thrust on sustainability initiatives • Signif
Slide 25: Technical Textiles Business
Technical Textiles Business Technical Textiles Q4 & FY21 Results Presentation | 24 SRF - General [Restricted use] - This mail, document can be used by recipients for its intended purpose only.
Slide 26: Technical Textiles Business - Results Update
Technical Textiles Business - Results Update Consolidated figures PARTICULARS (Rs. Cr) Q4 FY21 Q4 FY20 % SHIFT FY21 FY20 % SHIFT Segment Revenues 400.6 316.8 26.5% 1240.1 1357.6 -8.7% % Contribution to Revenues 15.3% 17.1% 14.7% 18.8% EBIT 72.8 37.2 95.6% 176.9 151.5 16.8% % EBIT Margins 18.2% 11.7%
Slide 27: Technical Textiles Business - Key Highlights
Technical Textiles Business Key Highlights o Segment performed well during the quarter owing to: • Quick recovery of the tyre industry • Healthy contribution from the Belting Fabrics segment o Continued focus on enhancing operational performance Market Trends • All tyre cord majors are operating at
Slide 28: Others
Others Others Q4 & FY21 Results Presentation | 27 SRF - General [Restricted use] - This mail, document can be used by recipients for its intended purpose only.
Slide 29: Others - Results Update
Others - Results Update Consolidated figures PARTICULARS (Rs. Cr) Q4 FY21 Q4 FY20 % SHIFT FY21 FY20 % SHIFT Segment Revenues 77.7 57.7 34.6% 232.0 278.3 -16.6% % Contribution to Revenues 3.0% 3.1% 2.8% 3.9% EBIT 8.8 5.3 66.3% 25.6 31.8 -19.5% % EBIT Margins 11.3% 9.1% 11.0% 11.4% % Contribution to E
Slide 30: Others - Key Highlights
Others - Key Highlights Coated Fabrics Laminated Fabrics • SRF continues to maintain market leadership with high • In a difficult external environment, the Laminated Fabrics volume share: Business performed well: o Aided by strong sourcing initiatives & optimal plant o Oversupply situation persists,
Slide 31: Outlook
OUTLOOK SRF - General [Restricted use] - This mail, document can be used by recipients for its intended purpose only.
Slide 32: Outlook - Chemicals Business
Outlook - Chemicals Business • Moving up the value chain by accelerating qualifications of new molecules in both Agro and Pharmaceuticals sectors, capacity utilization of newly commissioned plants to remain in focus • Focus on expanding in new markets / geographies and product offerings, ramping up
Slide 33: Outlook - Packaging Films Business
Outlook - Packaging Films Business • Pressure on margins expected due to the start-up of new lines leading to price corrections • Focus on sales ramp up of both Thailand and Hungary BOPET facilities • The under-construction BOPP film plant in Thailand is expected to be commissioned in the upcoming q
Slide 34: Outlook - Technical Textiles Business
Outlook - Technical Textiles Business • International capacities being rebalanced due to certain capacity closures, providing positive NTCF trends • Higher operating leverage and cost optimization by capacity rationalization across various plants • Other sub-segments of Technical Textiles Business e
Slide 35: Our Community Engagement
Our Community Engagement • SRF Foundation organized a 9-day free eye screening camp in association with the Indian Vision Institute o Benefitting more than 1,500 people living across 9 villages in Mewat, Haryana • SRF Foundation installed Digital Classrooms in 50 Government schools across Mewat, Dah
Slide 36: About Us
About Us Established in 1970, SRF Limited with an annual turnover of ₹8,295 crore (US$ 1.1 billion) is a chemical based multi-business entity engaged in the manufacturing of industrial and specialty intermediates. The company’s diversified business portfolio covers Fluorochemicals, Specialty Chemica