Srf Limited · NSE:SRF
Srf — Investor Presentation (May 2013)
31 slides from Srf's investor presentation, May 2013
Slide 1: SRF An Introduction
XO SRE We always find a better way An Introduction
Slide 2: Our pride associations
Our pride associations a winner of the prestigious Deming Prize a legacy of more than 100 years – lineage of Sir Shri Ram & Dr. Bharat Ram chairman – Mr. Arun Bharat Ram, former President of CII promoters of The Lady Shri Ram College & The Shri Ram School Chairman Deming Prize The Lady Shri
Slide 3: SRF – at a glance
SRF – at a glance A multi-business manufacturing entity Industrial intermediates India, Thailand, UAE and South Africa 12 (nine in India) Rs. 4000 crore (800 million USD) 5500 globally 75 countries 3
Slide 4: Our business profile
Our business profile SRF TTB CB PFB EPB CTG TTB – Technical Textiles Business CB – Chemicals Business PFB – Packaging Films Business EPB – Engineering Plastics Business CTG – Chemicals Technology Group 4
Slide 5: Present in four countries
Present in four countries Bhiwadi Pantnagar Kashipur Gwalior Dubai Dahej Thailand Indore Thailand Trichy Business TTB Manali CB Port Elizabeth Gummidipoondi PFB EPB 5
Slide 6: Corporate leadership team
Corporate leadership team Mr. Arun Bharat Ram Mr. Ashish Bharat Ram Mr. Kartikeya Bharat Ram Chairman Managing Director Dy Managing Director Mr. Rajdeep Anand Mr. Roop Salotra President (CTG) President & CEO (CB & PFB) Mr. Sushil Kapoor Mr. Rajendra Prasad President & CEO (TTB) President & CFO 6
Slide 7: Our aspiration
Our aspiration We aspire to achieve global leadership by continuously enhancing organizational and people capability, developing innovative products and processes that satisfy customers and attaining challenging benchmarks in productivity. 7
Slide 8: Our journey…
Our journey… Laminated Fabric 2010 Packaging Films 1995 1990 Shri Ram Fibres renamed as SRF Refrigerants 1989 1986 Coated Fabrics Belting Fabrics 1983 1979 Engineering Plastics Fishnet Twines 1977 1974 Nylon Tyre Cord Incorporation of Shri Ram 1970 Fibres 8
Slide 9: Miles to go…
2 acquisitions in India, 2 overseas SRF purchases two businesses of 2009 SRF Polymers - EPB and IYB Industex Technical Textiles (Pty) Ltd 2008 Miles to go… - belting fabrics, South Africa Thai Baroda Industries Ltd. (TBIL) 2008 – nylon tyre cord, Thailand Dupont Plant - nylon tyre cord 2000 Gummidip
Slide 10: Market leadership – our standing
Market leadership – our standing Belting fabrics Global No. 2 Nylon 6 tyre Nylon cord 6 tyre fabric cord fabric Global No. 2 Tyre cord Domestic Market Leader Refrigerants Domestic Market Leader Belting fabrics Domestic Market Leader Fishnet Domestic Market Leader Packaging Films Domestic No. 2 10
Slide 11: SRF consolidated - financials
SRF consolidated - financials In USD mio 783 761 557 399 221 168 156 154 106 110 109 61 72 74 43 28 Sales EBIDTA PBT PAT 2008-09 2009-10 2010-11 2011-12 11
Slide 12: SRF Financials – key ratios
SRF Financials – key ratios Ratio: Debt/Equity - Debt/EBIDTA 4.00 3.50 3.42 3.00 2.50 2.33 2.00 1.50 1.62 1.55 1.23 1.24 1.37 1.00 0.89 0.89 0.99 0.63 0.59 0.70 0.50 0.63 - 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 Debt/Equity Debt / EBIDTA 12
Slide 13: SRF financials – key ratios
SRF financials – key ratios Financials: Dividend Payout Ratio 60% 52% 50% 40% 30% 29% 31% 25% 20% 21% 20% 16% 10% 0% 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 Dividend Payout Ratio 13
Slide 14: SRF financials – key ratios
SRF financials – key ratios Earning Per Share 90.00 80.00 80.03 70.00 64.10 60.00 50.00 53.62 40.00 43.65 30.00 20.00 19.84 22.08 15.91 10.00 - 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 EPS 14
Slide 15: Touching your life everyday
Touching your life everyday LAMINATED FABRICS PACKAGING FILMS FLUOROSPECIALITIES FOR Pesticides INDUSTRIAL YARN REFRIGERANTS ENGINEERING TYRE CORD PLASTICS 15
Slide 16: Product range
Product range TTB CB PFB EPB Tyre Cords Refrigerants PET Films Engg. Plastics Belting Fabrics Chloromethanes Holographic Films Coated Fabrics Laminated Fabrics Fluorospecialities Metallised Films Industrial Yarns 16
Slide 17: Diverse applications
Diverse applications TTB CB PFB EPB 17
Slide 18: Creating value through R&D…
Creating value through R&D… Proven capability in ‘process development to commercialization’ Wide range of field of research - from nano technology to new-age processes and product development Developed indigenous technology for production of HFC 134a Holds process patent for HFC-32 by the US P
Slide 19: Technology driven company…
Technology driven company… R&D, an integral component of business strategy dedicated R&D centres for core businesses equipped with state-of-the-art equipment a pool of qualified & experienced scientists and engineers (drawn from India’s premier academic institutes) collaborating with a numbe
Slide 20: Building capabilities…
Building capabilities… Built around people, processes and systems Creating the right environment – well-being, fun, excitement Overall development – challenging assignments, focus on competency building and domain expertise Unleashing potential – Learning, Education & Training 20
Slide 21: … TQM - the SRF way
… TQM - the SRF way Businesses united through a common management system Our work ethos - ‘People satisfy customers efficiently’ - Build Quality into the process - Focus on ‘continuous improvement’ - People participation through systematic approaches - Robust planning and execution 21
Slide 22: Invested Rs. 1600 cr in last 5 years
Invested Rs. 1600 cr in last 5 years 2012 New Chemical Complex in Dahej commissioned 2011 First phase of Expansion in Coated Fabrics - TTB 2010 Laminated Fabric Project - TTB 2009 Polyester Industrial Yarn - TTB 22
Slide 23: Ongoing projects - Rs. 1200 cr
Ongoing projects - Rs. 1200 cr At Dahej Chemical Complex in Gujarat • Second HFC-134a plant • Fluorinated Specialty Plant • Captive Power Plant At Gummidipoondi in Tamil Nadu • Capacity Enhancement of Coated Fabrics Two new overseas units • Greenfield unit to manufacture BOPP films – South Africa •
Slide 24: Leading the way…
Leading the way… The only tyre cord company outside Japan to have won the prestigious Deming Application Prize The first to introduce Spin Draw and Converter Dipping in tyre cord business in India The only company in India to have ventured into manufacturing Polyester Industrial Yarn/ Fabric f
Slide 25: Business benchmarks - snapshots
Business benchmarks - snapshots Pioneered replacement of rayon with Nylon 6 tyre cord TTB Pioneered replacement of cotton with Nylon 6 in bicycles Entire range of textile reinforcement The only Indian manufacturer of HFC 134a CB Leading exporter of refrigerants from India Partnering with
Slide 26: Awards & recognitions….
Awards & recognitions…. SRF in Forbes’ ‘Best Under a Billion List’ 2011 CII-ITC Sustainability Award 2008 – Strong Commitment 2009, 2010 & 2011 – Significant Achievement Deming Application Prize 2004 – Tyre Cord Business 2012 – Chemicals Business 26
Slide 27: Awards & recognitions
Awards & recognitions 2005 Responsible Care Logo 2006 Greentech Safety Platinum Award 2007 Greentech Environment Excellence Platinum Award 2009 ILO Recognition for creating awareness on HIV / AIDS NRM project chosen by a consortium of Netherland based 2011 Civil Society Organizations as a unique mod
Slide 28: Community partnerships
Community partnerships Focus areas Education Health Care - HIV AIDS Natural Resource Management Affirmative Actions 28
Slide 29: SRF Foundation
SRF Foundation Advocating quality education Mewat Rural Education Programme - Adopted 40 schools in Mewat district, Haryana - Impacting lives of 16000 children - IBM KidSmart - Early Learning Centres: 37 locations - Udaan - residential learning camp for adolescent girls - Avishkar – mobile van for s
Slide 30: We believe in
We believe in sustainable growth, through ‘total excellence’ 30
Slide 31: Thank You
XD SRE We always find a better way Thank You