Jain Irrigation Systems Limited · NSE:JISLDVREQS

Jain Irrigation Systems — Q3 FY2018 Earnings Presentation

20 slides from Jain Irrigation Systems's earnings presentation, Dec 31, 2017

  1. Slide 1: Investor Communication 3QFY18 & 9MFY18

    INVESTOR COMMUNICATION 3QFY18 & 9MFY18

  2. Slide 2: Financial Discussion – 3Q&9MFY18

    FINANCIAL DISCUSSION – 3Q&9MFY18 2

  3. Slide 3: Management Comments

    Management Comments Vice Chairman and Managing Director of the company, Mr Anil Jain said: “We are pleased to share with you the results of December 2017. We have achieved significant growth in revenue and earnings in line with our expectations. We believe this strong momentum will carry forward in

  4. Slide 4: Positive outcomes

    Positive outcomes Improved Revenue • During 3QFY18, Consolidated revenue increased by 30.8% on YoY basis. Improved profitability -3QFY18 • YoY growth in standalone EBIDTA increased by ~120 basis points • Increase in EBIDTA margin by ~130 basis points for Plastic Division to ~10.3% on YoY basis • Mul

  5. Slide 5: Consolidated Performance Overview: 3QFY18

    Consolidated Performance Overview : 3QFY18  Overall Revenue increased by 30.8% on YoY after long gap  Revenue of Hi-tech Agri Input Products Division registered strong growth of 48.7% on account of robust offtake in domestic markets and additional revenue from US acquisitions. Within the micro irr

  6. Slide 6: Standalone Performance Overview: 3QFY18

    Standalone Performance Overview : 3QFY18  Standalone Revenue of the Company for 3QFY18 is not comparable as Revenue for 3QFY17 is inclusive of excise duty. For the purpose of better comprehension, we have taken 3QFY17 numbers net of excise duty  Overall Revenue registered significant growth of 30.

  7. Slide 7: Consolidated Performance Overview: 9MFY18

    Consolidated Performance Overview : 9MFY18  Overall revenue increased by 13.4% YoY basis on account of positive growth in all major divisions.  Revenue of Hi-tech Agri Input Products Division registered a strong growth of 25.5%  Agro Processing Division recorded flattish growth due to lower reali

  8. Slide 8: Standalone Performance Overview: 9MFY18

    Standalone Performance Overview : 9MFY18  Standalone Revenue of the Company for 9MFY18 is not comparable as Revenue for 9MFY17 is inclusive of excise duty. For the purpose of comparison, we have taken 9MFY17 numbers net of excise duty  Overall revenue from operations increased by 11.4% on YoY, reg

  9. Slide 9: Consolidated Financial Performance

    Consolidated Financial Performance Highlights Rs. Mn 9MFY18 9MFY17  Revenue from operations is up by 13.4% on YoY Revenue^ 51,691 45,591 basis EBIDTA 7,206 6,425  EBIDTA Margin for 9MFY18 is at 13.9% PAT 1,220 927  PAT increased by 31.5% on YoY basis Cash PAT* 3,736 3,096 ^Net of Excise duty *PAT

  10. Slide 10: Standalone Financial Performance

    Standalone Financial Performance Highlights Rs. Mn 9MQFY18 9MQFY17  Revenue from operations is up by 11.4% on YoY Revenue^ 27,203 24,427 basis EBIDTA 4,589 4,198  EBIDTA for 9MFY18 is at 16.9% PAT 1,216 405  PAT has registered significant growth of 200% Cash PAT* 2,628 1,632 ^Net of Excise duty *

  11. Slide 11: Overview - Consolidated Revenue: 3QFY18

    Overview - Consolidated Revenue: 3QFY18 3QFY18 3QFY17 Geography YoYG Mix % Mix % India 51% 52% 28.4% Rest of World# 49% 48% 33.4% Total 100% 100% 30.8% # Including exports from India India Standalone Revenue Contribution Consolidated Revenue Contribution 2% Hi-tech Agri 3% Hi-tech Agri Input Product

  12. Slide 12: Overview - Consolidated Revenue: 9MFY18

    Overview - Consolidated Revenue: 9MFY18 9MFY18 9MFY17 Geography YoYG Mix % Mix % India 51% 53% 7.7% Rest of World# 49% 47% 19.8% Total 100% 100% 13.4% # Including exports from India India Standalone Revenue Contribution Consolidated Revenue Contribution 4% Hi-tech Agri 3% Hi-tech Agri Input Products

  13. Slide 13: Overview - Standalone Revenue: 3QFY18

    Overview - Standalone Revenue: 3QFY18 Segment Revenue Contribution 100% 4% 7% 3QFY18 3QFY17 90% Geography YoYG 22% Mix % Mix % 80% 70% 50% Domestic 87% 89% 27.6% 60% 50% 96% Export 40% 13% 11% 53.4% 78% 30% 20% 43% Total 100% 100% 30.4% 10% 0% Hi Tech Agri Inputs Plastic Product Others Micro Irrigat

  14. Slide 14: Overview - Standalone Revenue: 9MFY18

    Overview - Standalone Revenue: 9MFY18 Segment Revenue Contribution 100% 9MFY18 9MFY17 8% 8% 90% Geography YoYG Mix % Mix % 80% 70% 53% 44% Domestic 87% 91% 5.9% 60% 50% 92% Export 40% 13% 9% 69.4% 30% 47% 47% 20% Total 100% 100% 11.4% 10% 0% Hi Tech Agri Inputs Plastic Product Others Micro Irrigatio

  15. Slide 15: Debt Position

    Debt Position INR Bn. Dec 31, 2017** Sept 30, 2017** Change QoQ Mar 31, 2017** Standalone (Total Net Debt) 16.35 16.79 (0.44) 14.38 Long Term 5.60 8.44 (2.84) 10.05 Short Term 12.12 9.42 2.69 6.01 Cash & Cash equivalent (1.37) (1.08) (0.29) (1.68) Consolidated (Total Net Debt) 43.78 43.41 0.38 36.09

  16. Slide 16: Working Capital Analysis

    Working Capital Analysis Standalone Days DSO Dec 31, 2017 DSO Sept 30, 2017 Inventory AR(gross) Net* Inventory AR(gross) Net* Hi Tech 103 179 206 112 171 217 Plastic 54 98 64 54 96 80 Total* 88 152 158 93 144 169 * Including Other Division • Overall net working capital is improved by 11 days due to

  17. Slide 17: MIS Analysis - India

    MIS Analysis - India MIS –Revenues INR Mn 3Q FY18 3Q FY17 Change YoY% Retail 3,304 2,969 11.3% Project 1,159 550 110.8% Domestic Total 4,464 3,518 26.9% Export 1,006 483 108.3% Total 5,470 4,002 36.7% MIS -Receivables INR Mn 30-Sept-16 31-Dec-16 30-Sept-17 31-Dec-17 Change QoQ Retail 2,257 2,229 1,8

  18. Slide 18: Recent Updates

    RECENT UPDATES  Jain Irrigation’s Pipe Division bags Amrut Water Supply Project of Rs. 1,830 mn o Jain irrigation has been awarded a contract of Jalgaon City Water Supply Scheme under the Amrut Abhiyan Yojana. The project involves Design & construction of , 661Km of pipeline and required elevated s

  19. Slide 19: JISL Value Proposition

    JISL Value Proposition Large domestic and global growth opportunities • Increasing MIS penetration a central and state government priority. Addressing climate change • Food business growth momentum to continue • Pipes business strongly correlated with Indian infrastructure spend Best-in class, fully

  20. Slide 20: Thank You

    THANK YOU SMALL IDEAS…BIG REVOLUTIONS DISCLAIMER Some of the statements in this presentation contain forward looking information that involve a number of risks and uncertainties. Such statements are based on a number of assumptions, estimates, projections or plans that are inherently subject to sign

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