Jindal Stainless Limited · NSE:JSL
Jindal Stainless — H1 FY2021 Earnings Presentation
18 slides from Jindal Stainless's earnings presentation, Oct 30, 2020
Slide 1: Exchange filing cover letter
~SL J I N D A L 30th October, 2020 BSE Limited National Stock Exchange of India Ltd. Corporate Relationship Department, Exchange Plaza, 5th Floor, 1st Floor, New Trading Ring, Plot no. C/1, G Block Rotunda Building, P J Towers, Bandra-Kurla Complex, Bandra (E), Dalal Street, Fort, Mumbai- 400 001 Mu
Slide 2: Q2 & H1FY21 Earnings Presentation
JINDAL STAINLESS LIMITED Q2 & H1FY21 Earnings Presentation October 30, 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: Q2 & H1FY21 Results Overview
Q2 & H1FY21 Results Overview 3
Slide 5: Key Financials Highlights – Q2 & H1FY21
Key Financials Highlights – Q2 & H1FY21 Net Revenue from operations EBITDA 6,237 631 4,418 430 3,170 3,156 317 352 1,262 78 Q2 FY20 Q1 FY21 Q2 FY21 H1 FY20 H1 FY21 Q2 FY20 Q1 FY21 Q2 FY21 H1 FY20 H1 FY21 Shift (%) QoQ: 150% YoY: (0%) (29%) Shift (%) QoQ: 354% YoY: 11% (32%) PAT 119 98 52 11 (87) Q2
Slide 6: Key Operational Update – Q2 & H1FY21
Key Operational Update – Q2 & H1FY21 Sales Volume (MT) 455 Thousands 319 233 230 89 Q2 FY20 Q1 FY21 Q2 FY21 H1 FY20 H1 FY21 Shift (%) QoQ: 159% YoY: (1%) (30%) Sales Composition – Q2 FY21 Sales Composition – H1 FY21 Export Export 22% 25% Domestic Domestic 78% 75% 5 Note: Standalone financials
Slide 7: Key Raw Materials – Price Trend
Key Raw Materials – Price Trend Nickel (USD/MT) 15,540 15,450 14,210 12,258 12,723 12,215 Q1FY20 Q2FY20 Q3FY20 Q4FY20 Q1FY21 Q2FY21 Note: Average quarterly prices; Source: LME Fe Chrome (INR/ton) 69,304 65,583 64,258 63,875 61,800 60,950 Q1FY20 Q2FY20 Q3FY20 Q4FY20 Q1FY21 Q2FY21 6 Note: Average quar
Slide 8: Q2 FY21 Financial and Operational Discussions (Standalone)
Q2 FY21 Financial and Operational Discussions (Standalone) Revenue stood at Rs. 3,156 crore o Backed by a gradual recovery in domestic demand throughout the second quarter, sales volume recovered to pre-COVID levels at 230 KT EBITDA rose 11% Y-o-Y to Rs. 352 crore o EBITDA/ tonne for Q2FY21 stoo
Slide 9: H1 FY21 Financial and Operational Discussions (Standalone)
H1 FY21 Financial and Operational Discussions (Standalone) Revenue stood at Rs. 4,418 crore o Sales Volume stood at 319 KT backed by strong recovery in Q2FY21 EBITDA reported at Rs. 430 crore o EBITDA/ tonne maintained at Rs. 13,469 despite covid-induced business challenges PAT reported at Rs.
Slide 10: Management Comment
Management Comment “A better than expected rebound in business sentiment, coupled with JSL’s agile response in manufacturing and Commenting on the supply chain adjustments, led to improved financial and performance, Mr. operational performance in Q2. Abhyuday Jindal, Managing Director, Aligned with
Slide 11: Abridged P&L Statement (Standalone)
Abridged P&L Statement (Standalone) YoY YoY Particular (Rs. crore) Q2 FY21 Q2 FY20 H1 FY21 H1 FY20 Change (%) Change (%) Net Revenue from operations 3,156 3,170 (0%) 4,418 6,237 (29%) Total Expenditure 2,804 2,853 (2%) 3,988 5,606 (29%) EBITDA 352 317 11% 430 631 (32%) EBITDA / ton 15,293 13,590 13%
Slide 12: Abridged P&L Statement (Consolidated)
Abridged P&L Statement (Consolidated) YoY YoY Particular (Rs. crore) Q2 FY21 Q2 FY20 H1 FY21 H1 FY20 Change (%) Change (%) Net Revenue from operations 3,314 3,291 1% 4,690 6,554 (28%) Total Expenditure 2,969 2,973 0% 4,281 5,936 (28%) EBITDA 345 318 8% 409 618 (34%) EBITDA / ton 14,969 13,650 10% 12
Slide 13: Abridged Balance Sheet (Standalone)
Abridged Balance Sheet (Standalone) As at 30th As at 31st As at 30th As at 31st ASSETS (Rs. crore) EQUITY AND LIABILITIES (Rs. crore) Sep. 2020 Mar. 2020 Sep. 2020 Mar. 2020 ASSETS EQUITY AND LIABILITIES 1) Non-current assets (a) Equity Share capital 97 97 (a) Property, Plant & Equipment 5,790 5,938
Slide 14: Abridged Balance Sheet (Consolidated)
Abridged Balance Sheet (Consolidated) As at 30th As at 31st As at 30th As at 31st ASSETS (Rs. crore) EQUITY AND LIABILITIES (Rs. crore) Sep. 2020 Mar. 2020 Sep. 2020 Mar. 2020 ASSETS EQUITY AND LIABILITIES 1) Non-current assets (a) Equity Share capital 97 97 (a) Property, Plant & Equipment 5,985 6,1
Slide 15: Comfortable Debt Position
Comfortable Debt Position Borrowings (Standalone) As on As on As on (Rs. crore) Sep.2020 Mar.2020 Mar.2019 Long term debt 2,169 2,357 2,050 Inter corporate loan from related party 900 900 900 OCRPS* - - 695 Total Long term debt 3,069 3,257 3,645 Short term borrowing 188 398 473 Total Debt 3,257 3,65
Slide 16: Key Financial Ratios (Standalone)
Key Financial Ratios (Standalone) Net Debt/Equity 1.7 1.4 1.2 FY19 FY20 H1 FY21 Net Debt/EBITDA 3.6 3.3 3.1 FY19 FY20 H1 FY21 Note: 1) H1 FY21 calculations based on TTM figure 2) Net Debt includes short-term & long term debt less cash & investments 15
Slide 17: About Us
About Us Jindal Stainless Ltd. (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 18: Thank You
Thank You 17