Jindal Stainless Limited · NSE:JSL
Jindal Stainless — Q1 FY21 Earnings Presentation
15 slides from Jindal Stainless's earnings presentation, Sep 8, 2020
Slide 1: Exchange intimation letter under Regulation 30
--ISL JINDAL STAINLESS September 08, 2020 · BSE Limited National Stock Exchange of India Ltd. 151 Floor, New Trading Ring, Exchange Plaza, 51h Floor, Rotunda Building, P J Towers, Plot no. C/1 , G Block Dalal Street, Fort, Mumbai- 400 001 Bandra-Kurla Complex, Bandra(E), # 022-2272 3121,2037,2041 ,
Slide 2: Q1FY21 Earnings Presentation
JINDAL STAINLESS LIMITED Q1FY21 Earnings Presentation September 8, 2020
Slide 3: Disclaimer
Disclaimer This presentation and the accompanying slides (the “Presentation”), which has been prepared by Jindal Stainless Limited (the "Company"), has been prepared purely for information purposes only and is not, and is not intended to be, an offer, or solicitation of offer, or invitation or recom
Slide 4: Q1FY21 Results Overview
Q1FY21 Results Overview 3
Slide 5: Key Financials Highlights – Q1FY21
Key Financials Highlights – Q1FY21 Net Revenue from operations EBITDA 3,067 2,904 314 241 1,262 78 Q1 FY20 Q4 FY20 Q1 FY21 Q1 FY20 Q4 FY20 Q1 FY21 Shift (%) QoQ: (57%) YoY: (59%) Shift (%) QoQ: (68%) YoY: (75%) PAT 67 (22) (87) Q1 FY20 Q4 FY20 Q1 FY21 Shift (%) QoQ: NA YoY: NA 4 Note: Standalone fin
Slide 6: Key Operational Update – Q1FY21
Key Operational Update – Q1FY21 Sales Volume (’000 MT) 222 221 89 Q1 FY20 Q4 FY20 Q1 FY21 Shift (%) QoQ: (60%) YoY: (60%) Sales Composition – Q1 FY21 Export 33% Domestic 67% 5 Note: Standalone financials
Slide 7: Key Raw Materials – Price Trend
Key Raw Materials – Price Trend Nickel (USD/MT) 15,540 15,450 12,369 12,258 12,723 12,215 Q4FY19 Q1FY20 Q2FY20 Q3FY20 Q4FY20 Q1FY21 Note: Average quarterly prices; Source: LME Fe Chrome (INR/MT) 71,400 69,304 64,258 63,875 61,800 60,950 Q4FY19 Q1FY20 Q2FY20 Q3FY20 Q4FY20 Q1FY21 6 Note: Average quart
Slide 8: Q1 FY21 Financial and Operational Discussions (Standalone)
Q1 FY21 Financial and Operational Discussions (Standalone) Revenue stood at Rs. 1,262 crore, down 59% Y-o-Y o Sales volume contracted by 60% Y-o-Y to 89 kt due to widespread disruption in supply chain and temporary suspension of manufacturing activity EBITDA reported at Rs. 78 crore o Operating
Slide 9: Management Comment
Management Comment “Domestic stainless steel industry was no exception to the slowdown caused by COVID-19. For JSL too, it Commenting on the was an unprecedented quarter, with operations performance, Mr. completely suspended in April. Abhyuday Jindal, Managing Director, Through agile business planni
Slide 10: Abridged P&L Statement (Standalone)
Abridged P&L Statement (Standalone) YoY QoQ Particular (Rs. crore) Q1 FY21 Q1 FY20 Q4 FY20 Change (%) Change (%) Net Revenue from operations 1,262 3,067 (59%) 2,904 (57%) Total Expenditure 1,184 2,753 (57%) 2,662 (56%) EBITDA 78 314 (75%) 241 (68%) EBITDA / ton 8,737 14,127 (38%) 10,917 (20%) EBITDA
Slide 11: Abridged P&L Statement (Consolidated)
Abridged P&L Statement (Consolidated) YoY QoQ Particular (Rs. crore) Q1 FY21 Q1 FY20 Q4 FY20 Change (%) Change (%) Net Revenue from operations 1,376 3,263 (58%) 3,094 (56%) Total Expenditure 1,312 2,963 (56%) 2,873 (54%) EBITDA 64 300 (79%) 222 (71%) EBITDA / ton 7,208 13,500 (47%) 10,015 (28%) EBIT
Slide 12: Comfortable Debt Position
Comfortable Debt Position Borrowings (Standalone) As on As on As on (Rs. crore) Jun.2020 Mar.2020 Mar.2019 Long term debt 2,338 2,357 2,050 Inter corporate loan from related party 900 900 900 OCRPS* - - 695 Total Long term debt 3,238 3,257 3,645 Short term borrowing 334 398 473 Total Debt 3,572 3,65
Slide 13: Key Financial Ratios (Standalone)
Key Financial Ratios (Standalone) Net Debt/Equity 1.7 1.4 1.4 FY19 FY20 Q1 FY21 Net Debt/EBITDA 3.6 3.7 3.1 FY19 FY20 Q1 FY21 Note: 1) Q1 FY21 calculations based on TTM figure 2) Net Debt includes short-term & long term debt less cash & investments 12
Slide 14: About Us
About Us Jindal Stainless Limited (JSL) is amongst the leading stainless steel manufacturing companies in the world and India's largest stainless steel manufacturer. The Company operates an integrated stainless steel plant at Jajpur, Odisha. The complex has a total stainless steel Goutam Chakraborty
Slide 15: Thank You
Thank You 14