Analysts Meeting August

Transcription

1 Analysts Meeting August

2 Approach to the meeting SCOPE: Only those matters which are in public domain can be subject matter in this meeting for any clarification required. Policy: As a matter of policy we do not give any prognosis about the future business situation. 1

3 India at a glance Macro-economic 12.0% 11.0% 10.0% 9.0% 8.0% 7.0% 6.0% 5.0% 4.0% 7.0% 9.5% GDP Growth Y-o-Y % 9.6% 9.3% 6.7% 8.6% 8.9% 6.7% 4.5% 4.9% 5.5% ( E) 100% 80% 60% 40% 20% 0% Compositon of GDP Agriculture Industry Services FY had been a challenging year for India economy due to slowing economic growth, rupee volatility and the uncertainties arising from the looming national elections. Sharp drop in the value of the Indian rupee in May/June, 2013 which affected domestic industry adversely. With the upee apparently stable at around Rs. 60 to the dollar. The India economy poised to grow by 5.4%. Manufacturing and mining growth to turnaround.agriculture growth affected because of delayed monsoon. Stable government which has brought great optimism to Indian Industry Source:CMIE 2

4 Current update and Challenges for India Economy Inflation Wholesale Price Index(WPI) 6 %,for FY Consumer price Index at 9.5% for FY RBI Monetory policy No Change in repo rate Reduction in statutory liquid ratio (SLR) by 50 basic points which will expand the scope for credit outflow Managing growth and inflation continues to be challenge Source: RBI 3

5 Business Performance- FY

6 Income Statement Highlights - BIL Rs. Mio Sales (Net of Excise) & Other operating Income 2013/ /13 % 44,299 39, Profit Before Tax before exceptional item 2,047 1, Exceptional Item** Profit Before Tax after exceptional item 1,944 1, PAT 1,279 1, EPS ( Rs. Per share) Dividend per share Rs ** Current year exceptional items are VRS for Thane site ; previous year depicts impairment provision of styropor plant 5

7 Segment Summary Year Year Growth Ended Ended Description Mar-14 Mar Segment Revenue a. Agricultural Solution 10,448 9,229 13% b. Performance Products 16,825 14,172 19% c. Chemicals % d. Functional Materials & Solution 15,831 14,503 9% e. Others % Total 44,299 39,406 12% Less: Inter - segment revenue Total income from operations (net) 44,299 39,406 12% 2. Segment Results Profit/( Loss) before tax and interest a. Agricultural Solution 1, % b. Performance Products 1,416 1,160 22% c. Chemicals % d. Functional Materials & Solution (479) 199 <100% e. Others >100% Total 2,687 2,463 9% Increased sales resulted in improved profit 6

8 Net Segment Revenue Apr-Mar 14 Apr Mar 13 Rs Mio 7

9 Export performance 1,800 (Supported by BASF Group) 1,600 1,400 Apr to Mar14 Apr to Mar13 1,200 1, BU Apr to Mar14 Apr to Mar13 % Change Care Chemicals 1, % Paper Chemicals 1, % Leather % Dispersions % Others % TOTAL 4,026 2,677 50% - Care Chemicals Paper Chemicals Leather Dispersions Others Including Nepal & Bhutan Export 8

10 Balance Sheet as on 31 st Mar 14 Description 31/03/ /03/2013 EQUITY AND LIABILITIES Share capital Reserves and surplus 12,069 10,993 Current and Non current liabilities 27,842 16,631 Thereof Dahej related borrowing Rs.7,418 Mio Total of Liabilities 40,344 28,057 ASSETS Fixed assets 13,182 7,547 Deferred Tax Asset 10 - Long term loans and advances 1,791 1,773 Other non current assets 1, Current assets 23,974 18,062 Total of Assets 40,344 28,057 Thereof Dahej Rs 7,386 Mio Thereof Dahej unamortized premium Rs 1,344 Mio 9

11 Sales development Rs Mio Sales % %

12 Key Ratios Profit Before Tax Rs in Million Profit after Tax Rs.in Million

13 Key Ratios Earnings per share Rupees Shareholders Equity Rs. in Million ,

14 BASF India Proposal for Dividend Rs Mio % Sales 44,299 39, % Profit before exceptional items & tax 2,048 1, % Exceptional item (Styropor closure *) Profit before tax (PBT) 1,944 1, % Tax % Profit after tax (PAT) 1,279 1, % Dividend including distribution tax % of PAT distributed 15.88% 17.79% -10.8% Proposal for Dividend of Rs 4 per share keeping in view ongoing Capex projects 13

15 1 st Quarter

16 Financial Summary Quarter ended 30th June 2014 Apr June 2014 Rs Mio Apr June 2013 Net Sales 14,476 13, % Material Cost 10,885 9,645 % to Net Sales 75% 71% EBITDA 931 1,520-39% Depreciation % PBIT 688 1,340-49% Interest >100% PBT 539 1,317-59% PAT % % EPS ( In Rs.)

17 Qtr Segment Summary Rs Mio Sales Results Segment April to June14 April to June13 Growth % April to June14 April to June13 Growth % Agri Solutions 4,547 5,860-22% 469 1,114-58% Perf Products 4,586 3,781 21% % Chemicals % % Functional Solution 4,988 3,685 35% (8) (8) -4% Others % 24 8 >100% TOTAL 14,476 13,595 6% 787 1,421-45% 16

18 Export performance 1,400 (Supported by BASF Group) 1,200 1, Apr to June Apr to June Care Chemicals Paper Chemicals Leather Dispersions Others TOTAL BU Apr to June14 Apr to June13 % Change Care Chemicals % Paper Chemicals % Leather % Dispersions % Others % TOTAL 1, % 17

19 Monsoon effect July Normal June Deficient to scanty Excess to Normal 18

20 Corporate Social Responsibility & Rewards and Recognition

21 Eight out of 25 schools in Mangalore are equipped with water laboratories and two schools have water classrooms. 20

22 Dr. Raman Ramachandran, Head South Asia & Chairman for BASF in India accept the Aditya Birla Award for Best Responsible Care Committed Company by the Indian Chemical Council 21

23 Mr. Sandeep Gadre, Chief Executive, Crop Protection(extreme left) shared his views on Business Sustainability Model at Giving Back - NGO India

24 BASF Mangalore receives the Certificate of Appreciation from Sri. Ramanath Rai, Honourable Minister for Forest, Environment and Ecology, Government of Karnataka & District in charge minister 23

25 Thank you! Picture Courtesy Business Today, Jan 5, 2014 edition 24