Dcm Shriram Limited · NSE:DCMSHRIRAM
Dcm Shriram — DCM Shriram Consolidated — Q3 FY13 Earnings Presentation
26 slides from Dcm Shriram's earnings presentation, Feb 1, 2013
Slide 1: Q3 & 9M FY13 Results Presentation
DCM Shriram Consolidated Limited Q3 & 9M FY13 Results Presentation February 1, 2013
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. Q3 FY13 Key Highlights 4 Q3 FY13 Segment Performance 5 9M FY13 Key Highlights 6 9M FY13 Segment Performance 7 Q3 & 9M FY13 Performance Overview & Outlook 8-11 Management’s Message 12 Agri Input Businesses 14-17 Sugar 18 Hariyali Kisaan Bazaar 19 Chloro-Vinyl Business
Slide 4: Q3 FY13 - Key Highlights (For the Quarter)
Q3 FY13 - Key Highlights (For the Quarter) Total Revenues EBIDTA 1,500 1,406 (4.5)% 1,343 150 140 1,200 120 900 90 81 600 60 300 30 - - Q3 FY12 Q3 FY13 Q3 FY12 Q3 FY13 PBIT (before exceptional item) PAT 120 103 70 61 100 All figures in Rs. crore 80 50 60 30 41 40 10 20 (10) Q3 FY12 Q3 FY13 - Q3 FY12
Slide 5: Q3 FY13 - Segment Performance
Q3 FY13 - Segment Performance Revenues* PBIT* PBIT Margins % Segments Q3 FY12 Q3 FY13 % Q3 FY12 Q3 FY13 % Q3 FY12 Q3 FY13 Agri Input 549.5 496.6 (9.6) 35.6 (1.0) - 6.5 - - Fertilisers 143.7 102.6 (28.6) 11.8 (11.3) -- 8.2 (11.0) - Farm solutions 360.5 349.1 (3.2) 21.9 18.2 (17.0) 6.1 5.2 - Bioseed 4
Slide 6: 9M FY13 - Key Highlights
9M FY13 - Key Highlights (For 9 Months) Total Revenues EBIDTA 4,500 4,112 450 416 3,702 3,750 375 3,000 300 228 2,250 225 1,500 150 750 75 - - 9M FY12 9M FY13 9M FY12 9M FY13 PBIT (before exceptional item) PAT* 320 304 140 121 270 110 220 All figures in Rs. crore 80 170 110 50 120 70 20 20 (10) 9M F
Slide 7: 9M FY13 - Segment Performance
9M FY13 - Segment Performance Revenues* PBIT* PBIT Margins % Segments 9M FY12 9M FY13 % 9M FY12 9M FY13 % 9M FY12 9M FY13 Agri Input 1,405.9 1708.3 21.5 108.8 81.5 (25.1) 7.8 4.8 - Fertilisers 370.8 2.8 12.1 3.5 (70.7) 3.2 0.9 381.1 - Farm solutions 777.6 997.6 28.3 53.1 43.3 (18.5) 6.8 4.3 - Biosee
Slide 8: Q3 & 9M FY13 - Performance Overview & Outlook
Q3 & 9M FY13 - Performance Overview & Outlook Fertilisers a) The Company undertook a maintenance shutdown for 22 days in the current quarter b) PBIT in Q3 and 9M FY13 were lower given lower production, shutdown related expenses and uncompensated cost increases due to non-finalization of New Urea pri
Slide 9: Q3 & 9M FY13 - Performance Overview & Outlook
Q3 & 9M FY13 - Performance Overview & Outlook Bioseed a) Bioseed business is seasonal in nature with revenues skewed towards Q1 and Q4; Q2 and Q3 record subdued earnings and hence the quarterly results are not reflective of annual performance b) While performance is broadly in line, PBIT during the
Slide 10: Q3 & 9M FY13 - Performance Overview & Outlook
Q3 & 9M FY13 - Performance Overview & Outlook Hariyali Kisaan Bazaar a) Financial performance for Q3 FY13 & 9MFY13 in line with plan as the Company has implemented a restructuring and rationalization plan involving restricting activities to profitable product lines only b) Plan to stop losses by Q4
Slide 11: Q3 & 9M FY13 - Performance Overview & Outlook
Q3 & 9M FY13 - Performance Overview & Outlook Chloro-Vinyl a) Higher realizations across all Chloro-Vinyl products led to revenue growth in Q3 & 9M FY13 b) Better realizations of Chloro-Vinyl products along with several cost initiatives the Company has undertaken, has led to better margins and incre
Slide 12: 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 a satisfactory performance led by: 1. Better Margins in Chloro-Viny
Slide 13: 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 Q3 & 9M FY13 Results Presentation 13
Slide 14: Agri-Input Businesses
AGRI- INPUT BUSINESSES The Agri input business contributed to 37% 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 15: Fertilisers (Urea)
Fertilisers (Urea) Operational Financial Sales Realizations Revenues PBIT Particulars (MT) (Rs./MT) (Rs. cr.) (Rs. cr.) Q3 FY13 73,738 13,889 102.6 (11.3) Q3 FY12 110,112 13,044 143.7 11.8 % Shift (33.0) 6.5 (28.6) -- 9M FY13 280,024 13,557 381.1 3.5 9M FY12 282,779 12,933 370.8 12.1 % Shift (1.0) 4
Slide 16: Farm Solutions
Farm Solutions Particulars Revenues (Rs. cr.) PBIT (Rs. cr.) Q3 FY13 349.1 18.2 Q3 FY12 360.5 21.9 % Shift (3.2) (17.0) 9M FY13 997.6 43.3 9M FY12 777.6 53.1 % Shift 28.3 (18.5) a) The portfolio comprises value-added products such as Seeds, Pesticides, Soluble fertiliser, Micro- nutrients etc. along
Slide 17: Bioseed
Bioseed Particulars Revenues (Rs. cr.) PBIT (Rs. cr.) Q3 FY13 44.9 (7.9) Q3 FY12 45.3 1.9 % Shift (0.8) -- 9M FY13 329.6 34.7 9M FY12 257.6 43.7 % Shift 28.0 (20.6) a) Bioseed business is uniquely diversified across key crops (Cotton, Corn, Paddy, Bajra and Vegetables) and Asian geographies includin
Slide 18: Sugar
Sugar Operational Financial Sales (Lac Qtl) Realizations Revenues PBIT Particulars Free Sugar Levy Sugar *(Rs./Qtl) (Rs. cr.) (Rs. cr.) Q3 FY13 8.8 0.81 3,446 350.8 24.9 Q3 FY12 6.0 1.34 2,888 234.1 4.8 % Shift 46.7 (39.6) 19.3 49.9 421.7 * Free Sugar 9M FY13 25.18 2.33 3,247 977.0 52.3 9M FY12 17.8
Slide 19: Hariyali Kisaan Bazaar
Hariyali Kisaan Bazaar Particulars Revenues (Rs. cr.) PBIT (Rs. cr.) Q3 FY13 110.5 (3.7) Q3 FY12 273.2 (39.2) % Shift (59.5) -- 9M FY13 422.5 (34.0) 9M FY12 670.3 (87.1) % Shift (37.0) -- a) Revenues lower by 60% at Rs. 110.5 crore – performance in line with plan as the Company has implemented a res
Slide 20: 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. Chloro-Vinyl operations are at two locations (Kota – Rajasthan and Bharuch – Gujarat) with full captive coal based power
Slide 21: Chlor-Alkali
Chlor-Alkali Operational Financial Sales Realizations Revenues PBIT Particulars (MT) (Rs./MT) (Rs. cr.) (Rs. cr.) Q3 FY13 64,515 27,071 190.3 72.5 Q3 FY12 58,928 24,106 151.8 44.9 % Shift 9.5 12.3 25.0 61.5 9M FY13 179,260 27,068 527.1 181.8 9M FY12 174,973 23,542 434.9 109.7 % Shift 2.5 15 21.1 65.
Slide 22: 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) Q3 FY13 12,925 58,701 7,386 40,950 110.1 25.1 Q3 FY12 11,893 53,185 9,261 39,953 104.1 2.4 % Shift 8.7 10.4 (20.2) 2.5 6.0 -
Slide 23: Cement
Cement Operational Financial Sales Realizations Revenues PBIT Particulars (MT) (Rs./MT) (Rs. cr.) (Rs. cr.) Q3 FY13 77,217 3,242 29.2 3.6 Q3 FY12 96,937 2,969 36.0 5.2 % Shift (20.3) 9.2 (18.9) (32.0) 9M FY13 260,880 3,194 98.8 12.1 9M FY12 278,992 2,855 100.0 11.3 % Shift (6.5) 11.9 (1.2) 7.0 a) Th
Slide 24: 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. 72.1 crore in the quarter under review compared to Rs. 83.4 crore in the correspo
Slide 25: Fenesta Building Systems
Fenesta Building Systems Operational Financial Revenues Particulars Order Book (Rs. cr.) Q3 FY13 39,059 36.5 Q3 FY12 53,427 44.5 % Shift (26.8) (18.0) 9M FY13 168,082 116.7 9M FY12 196,963 130.4 % Shift (14.6) (10.6) a) Fenesta with its diverse product line is regarded as a brand and product leader
Slide 26: About Us & Investor Contacts
About Us & Investor Contacts DSCL is an integrated business entity, with extensive 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 competitive cos
DCM Shriram Consolidated — Q3 FY13 Earnings Presentation on 6ix