basf analyst's meet 27.08.2013
TRANSCRIPT
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Fund Managers Meeting
August 27, 2013
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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 futurebusiness situation.
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Companys Performance-
FY 2012-13
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Segmental information(Revisedfrom April 2013)
Agricultural Solution includes agrochemicals.
Performance Products includes tanning agents, leather chemicals, textile chemicals,
dispersion chemicals, specialty chemicals and fine chemicals for the food,
pharmaceuticals, animal feed and cosmetic industries. Specialty chemicals include
additives, water treatment & paper treatment , home and fabric care chemicals.
Chemicals includesmonomers ,intermediates and petrochemicals.
Functional Materials & Solutions includes catalysts,coatings,construction
chemicals,styropor,polyurethanes system and engineering plastics.
Others includes technical and service charges.
Plastics Segment ceased to exist. The part of this segment now included in Functional materials and solutions segmentand remaining part included in the chemicals segment.
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Income Statement Highlights - BIL
2012/13 2011/12 %Sales (Net of Excise) 39,406 35,159 +12
Profit Before Tax before exceptional item 1,785 1,497 +19
Exceptional Item (95) 0Profit Before Tax after exceptional item 1,690 1,497 +13
PAT 1,141 1,009 +13
EPS ( Rs. Per share) 26.35 23.30
Dividend per share Rs. 4.0 4.0
Dividend Payout 18% 20%
Rs Mio
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SegmentSummary (as of March 2013)Rs Mio
Sales driven profit across most businesses
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Year ended Year ended
Particulars 31/03/2013 31/03/2012 Growth %
Segment Revenue
Agricultural Solution 9,229 7,914 17%
Performance Products 14,172 12,981 9%
Plastics 7,914 7,089 12%
Chemicals 464 396 17%
Functional Solution 7,014 6,318 11%
Others 614 461 33%
Total 39,406 35,159 12%
Segment Results
Agricultural Solution 769 764 1%
Performance Products 1,160 986 18%
Plastics 111 (99) >100%
Chemicals 192 137 39%
Functional Solution 196 225 -13%
Others 35 25 43%
Total 2,463 2,037 21%
Less : (i) Finance costs (171) (136)
(ii) Other un-allocable expenditure * (507) (404)
Total Profit Before Tax and exceptional items 1,785 1,497 19%
Exceptional items (95) -
Total Profit Before Tax 1,690 1,497 13%
IncludesAdmin andmisc expenses
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Rs. Mio
Balance Sheet as on 31st Mar 13
Description 2012-13 2011-12
EQUITY & LIABILITIES
Share Capital 433 433
Reserves & Surplus 10,993 10,054
Current & Non current Liabilities 16,631 11,448
Total 28,057 21,935
ASSETS
Fixed assets 7,547 4,885
Long term loans and advances 1,773 1,072
Other non current assets 675 40
Current assets 18,062 15,938
Total 28,057 21,935
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Key Ratios
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Sales development
2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 2012-13
875010306
1238114655
31181
3601140608
Rs Mio
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+15%
+13%
Including Excise
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Apr Mar 12
Net Segment Revenue
Rs Mio
Apr-Mar 13
9229, 23%
14172, 36%
7914, 20%
464, 1%
7014, 18%
614, 2%
39,406
AP
Performance Products
Plastics
Chemical & Others
Functional Solution
Others
7914, 23%
12981, 37%
7089, 20%396, 1%
6318, 18%
460, 1%
35,159
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Key Ratios
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1080
1514 1505 1497
1690
2008-09 2009-10 2010-11 2011-12 2012-13
Profit Before TaxRs in Million
686
968
1178
1009
1141
2008-09 2009-10 2010-11 2011-12 2012-13
Profit after TaxRs.in Million
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Key Ratios
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3852
8658
9680
10487
11426
2008-09 2009-10 2010-11 2011-12 2012-13
Shareholders EquityRs. in Million
24.35 25.00
27.22
23.30
26.35
2008-09 2009-10 2010-11 2011-12 2012-13
Earnings per share
Rupees
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Major Capex during 2012-13
Particulars Rs Mio
Dahej Project 3,028
Optical Brightening Agent Plant Expansion - Ankleshwar 274
Software 89
Dyes Plant expansion 63
Dispersion Plant expansion- Mangalore 43
Freehold land 24
Others 383
G. Total 3,904
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Suggested Appropriation of Profits
Proposed Dividend continued @ 40% to augment futurecapital requirement for proposed 1000 Crore project
Rs Mio
Description Mar-13 Mar-12
Profit After Tax 1,141 1,009
Surplus Brought Forward 808 808
Available for Apprpriation 1,949 1,817
Proposed dividend 173 173
Dividend Distribution Tax 29 28
General Reserve 936 807
Balance Carried Forward 810 808
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1st
Quarter 2013-14
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Financial Summary Q1 F.Y. 2013-14
Rs Mio
Apr-Jun
2013
AprJun
2012 %Net Sales 13,595 12,919 +5
Material Cost 9,645 9,385
% to Net Sales 71% 73%
PBDIT 1,520 1,246 +22
PBIT 1,340 1,108 +21
PBT 1,317 1,063 +24
PAT 869 717 +21
Cash Profit 1,049 856 +23
EPS ( In Rs.) 20.1 16.6
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Segment wise Analysis(NewfromApril2013)Rs Mio
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3 Months
ended
3 Months
ended
Particulars 30/06/2013 30/06/2012 Growth %
Segment Revenue
Agricultural Solutions 5,860 5,045 16%
Performance Products 3,781 3,689 2%
Chemicals 142 153 -7%
Functional Materials & Solutions 3,685 3,906 -6%
Others 127 126 1%
Total 13,595 12,919 5%
Segment Results
Agricultural Solutions 1,114 693 61%
Performance Products 262 395 -34%
Chemicals 45 68 -33%
Functional Materials & Solutions (8) 103 -108%
Others 8 3 >100%
Total 1,421 1,262 13%
Less : (i) Finance costs (23) (45)
(ii) Other un-allocable expenditure (82) (154)
Total Profit Before Tax 1,317 1,063 24%
IncludesAdmin andmisc expenses
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Dahej Project Update -
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Dahej Project Status Update
Project commenced in April 2012.
Major contracts finalized and issued by end of 2012.
Project Includes Basic Infrastructure facilities and Productionfacilities for Polyurethanes, Care Chemicals and Dispersions.
Likely to be completed and commissioned during First Quarter2014.
Total cost of the Project Approximately Rs. 1000 Crores.
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Corporate Social Responsibility
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EHS initiatives
Safety awards won by Thane and Mangalore
Site
TDS safety training for drivers, vendors and
their transporters conducted at the Navi
Mumbai site Internal events and contests to create
awareness on behavioral safety
Global Safety Week celebrated at all
locations The Mangalore site team receives the Safe Industryaward from the Government of Karnataka
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Long-term commitment
Focus areas: Education and Resourc
Conservation
Two major projects: Sadbhavana andMillion Minds
Each project carefully chosen,
linking the core philosophy of BASF
to issues important to India
The Social Dimension
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BASF Kids Lab
A runaway success
Initiated in India in 2004;
approximately 50,000 kids have
participated in Mumbai, Delhi,Bangalore & Mangalore with more
than 5000 on waitlist!
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Thank You