Jubilant Industries — Q2/H1 FY24 Earnings Presentation
23 slides from Jubilant Industries's earnings presentation, Nov 8, 2023
Slide 1: Exchange filing cover letter: Investor Presentation
November 8, 2023 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza Dalal Street Bandra Kurla Complex Mumbai - 400001 Bandra (E), Mumbai - 400051 Scrip Code: 533320 Symbol: JUBLINDS Sub: Investor Presentation Dear Sir/Ma’am, Please find enclosed the Investo
Slide 2: Earnings Presentation Q2/H1-FY24
EARNINGS PRESENTATION Q2/H1-FY24
Slide 3: Snapshot
SNAPSHOT Consumer Products One of the leading consumer brands in Adhesives market and a reputed player in the Wood Finishes market OVERVIEW • Jubilant Bhartia group company • Wide Product Range – B2C & B2B • Experience and capabilities built over 2 decades • Focus to grow Consumer Business Food Poly
Slide 4: Geographical Presence
GEOGRAPHICAL PRESENCE Strong diversified pan India presence along with exports in key markets Sweden Headquarters Russia Gurgaon, HRY Belgium Czech Republic France Serbia Turkmenistan Germany C USA Turkey Spain Israel China Korea B D Luxemburg Nepal Mexico EGYPT UAE INDIA Middle East Thailand Vietna
Slide 5: Manufacturing Plants
M A N U FA C T U R I N G P L A N T S Gajraula, Uttar Sahibabad, Uttar Samlaya, Vadodara, Kapasan, Chittorgarh, Pradesh Pradesh Gujarat Rajasthan SSP, SPVA, Adhesives and Wood Finishes Adhesives Latex SSP TOTAL CAPACITY Polymers: 55,000 MTPA Single Super Phosphate: 400,000 MTPA 44
Slide 6: Performance Polymers & Chemicals
P E R F O R M A N C E P O LY M E R S & C H E M I C A L S Performance polymers & chemicals business vertical product portfolio includes Consumer products, Food Polymers and Latex. REVENUE (INR MN) 9,308 Consumer Products Adhesives & Wood Finishes 6,816 4,755 3,716 3,573 3,711 Latex Food Polymers VP L
Slide 7: Adhesives
ADHESIVES REVENUE (INR MN) 3,065 All Heat Resistance Water Proof Purpose Water Proof 1,956 1,744 964 951 955 Anti Bubble Super Fast Specialist Vertical Bonding, For PVC, Lamination Benzene Free Acrlyic FY19 FY20 FY21 FY22 FY23 H1-FY24 66
Slide 8: Agri Products
AGRI PRODUCTS Agri business offers a range of REVENUE (INR MN) products in Crop Nutrition, Crop Growth Regulator and Crop Protection. 5,421 4,842 No.1 for Single Products sold Super Phosphate under the (SSP) in Uttar umbrella brand Pradesh. ‘Ramban’. 2,501 1,873 1,862 1,850 FY19 FY20 FY21 FY22 FY23
Slide 9: Q2/H1-FY24 Financial Overview
Q2 /H 1 -FY2 4 F IN ANCI AL OVERVI EW 88
Slide 10: Q2/H1-FY24 Financial Highlights
Q2/H1-FY24 FINANCIAL HIGHLIGHTS Q2-FY24 Financial Performance H1-FY24 Financial Performance INR 3,117 Mn INR 231 Mn 7.41% INR 6,604 Mn INR 587 Mn 8.89% Revenue from EBITDA EBITDA Margin Revenue from EBITDA EBITDA Margin Operations Operations INR 86 Mn 2.76 % INR 5.60 INR 291 Mn 4.41 % INR 19.10 Net
Slide 11: Q2/H1-FY24 Operational Highlights
Q 2 / H 1 - F Y 2 4 O P E R AT I O N A L H I G H L I G H T S Performance polymers and chemicals segment • Strong double-digit revenue growth in adhesives • Gross margins improved by 12% on YOY basis • Higher EBITDA due to customer/product mix • Revenue declined due to lower raw material prices Agri
Slide 12: Q2-FY24 Segmental Performance: Performance Polymers and Chemicals
Q 2 - F Y 2 4 S E G M E N TA L P E R F O R M A N C E PERFORMANCE POLYMERS AND CHEMICALS SEGMENT Revenue (INR Mn) Gross Margin (INR Mn) & Gross Margin (%) EBITDA (INR Mn) & EBITDA Margin (%) 603 12% 13% 42% 41% 1,960 4,871 31% 4,755 30% 1,514 324 266 7% 963 2,444 6% 2,291 732 135 Q2-FY23 Q2-FY24 H1-F
Slide 13: Q2-FY24 Segmental Performance: Adhesives
Q 2 - F Y 2 4 S E G M E N TA L P E R F O R M A N C E ADHESIVES Revenue (INR Mn) Gross Margin (INR Mn) & Gross Margin (%) EBITDA (INR Mn) & EBITDA Margin (%) 1,744 1,532 89 50% 48% 5% 844 5% 42 878 791 438 468 Q2-FY23 Q2-FY24 H1-FY23 H1-FY24 31% 30% -39 240 -5% -82 -5% Q2-FY23 Q2-FY24 H1-FY23 H1-FY24
Slide 14: Q2-FY24 Segmental Performance: Agri Products
Q 2 - F Y 2 4 S E G M E N TA L P E R F O R M A N C E AGRI PRODUCTS Revenue (INR Mn) Gross Margin (INR Mn) & Gross Margin (%) EBITDA (INR Mn) & EBITDA Margin (%) 305 32% 2,946 30% 957 9% 10% 1,822 1,850 158 27% 544 27% 507 826 220 Q2-FY23 Q2-FY24 H1-FY23 H1-FY24 Q2-FY23 Q2-FY24 H1-FY23 H1-FY24 Q2-FY2
Slide 15: Quarterly Financial Performance
Q U A R T E R LY F I N A N C I A L P E R F O R M A N C E PARTICULARS (INR MN) Q2-FY24 Q2-FY23 Y-o-Y Q1-FY24 Q-o-Q Revenue from Operations 3,117 4,266 (26.9)% 3,487 (10.6)% Total Expenses 2,886 3,972 (27.2)% 3,130 (7.8)% EBITDA 231 294 (21.4)% 357 (35.3)% EBITDA Margins (%) 7.41% 6.89% 52 Bps 10.21%
Slide 16: YTD Financial Performance
YTD FINANCIAL PERFORMANCE PARTICULARS (INR MN) H1-FY24 H1-FY23 Y-o-Y Revenue from Operations 6,604 7,816 (15.5)% Total Expenses 6,017 7,187 (16.3)% EBITDA 587 629 (6.5)% EBITDA Margins (%) 8.89% 8.05% 84Bps Depreciation and amortisation expenses 75 71 5.6% Finance costs 102 89 14.6% Other Income 11
Slide 17: Historical Financial Overview
H ISTO RIC AL FI NAN CIAL OVERVI EW 16 16
Slide 18: Historical Income Statement
H I S T O R I C A L I N C O M E S TAT E M E N T PARTICULARS (INR MN) FY20 FY21 FY22 FY23 H1– FY24 Revenue from Operations 5,434 6,212 11,658 14,729 6,604 Total Expenses 4,920 5,696 10,661 13,700 6,017 EBITDA 514 516 997 1,029 587 EBITDA Margins (%) 9.46% 8.31% 8.56% 6.99% 8.89% Depreciation and amor
Slide 19: Historical Balance Sheet
HISTORICAL BALANCE SHEET PARTICULARS (INR MN) FY21 FY22 FY23 H1-FY24 PARTICULARS (INR MN) FY21 FY22 FY23 H1-FY24 Equity Non-current Assets Property, plant & Share Capital 150 150 151 151 1,385 1,516 1,685 1,702 equipment Other Equity 700 1,247 1,883 2,183 Other Intangible Assets 19 14 13 10 Liabilit
Slide 20: Key Performance Indicators
K E Y P E R F O R M A N C E I N D I C ATO R S OPERATIONAL REVENUE (INR MN) EBITDA (INR MN) & EBITDA MARGINS (%) PAT (INR MN) & PAT MARGINS (%) 997 1,029 4.41% 14,729 4.60% 4.22% 9.46% 3.17% 622 11,658 8.31% 8.56% 8.89% 536 6.99% 587 514 516 6,604 291 5,434 6,212 172 -93 FY20 FY21 FY22 FY23 H1-FY24 F
Slide 21: Capital Market Information
C A P I TA L M A R K E T I N F O R M AT I O N SHARE PRICE MOVEMENT (Up to 30TH September, 2023) 60% 40% 20% 0% -20% -40%Oct-22 Nov-22 Dec-22 Jan-23 Feb-23 Mar-23 Apr-23 May-23 Jun-23 Jul-23 Aug-23 Sep-23 JUBILANT IND SENSEX MARKET DATA (INR) (As on 30TH September, 2023) SHAREHOLDING PATTERN (As on 3
Slide 22: Disclaimer
DISCLAIMER Jubilant Industries Ltd. No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Such information and opinions are in all event
Slide 23: Thank You
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