Kajaria Ceramics Limited · NSE:KAJARIACER
Kajaria Ceramics — Q3 FY22 Earnings Presentation
30 slides from Kajaria Ceramics's earnings presentation, Jan 21, 2022
Slide 1: Outcome of Board Meeting letter to exchanges
IND I A'S NO .1 TILE COMPANY Kajaria January 21, 2022 BSE Limited The National Stock Exchange of India Lim ited P.J. Towers Exchange Plaza Dalal Street Sandra Kurla Complex Mumbai - 400 001 Sandra (E) Mumbai - 400 051 Dear Sir/Madam , Re.: Outcome of the Board Meeting and announcements pursuant to t
Slide 2: Annexure-A: Investment in Kajaria Ultima Private Limited
INDIA'S N0.1 TILE COMPANY Kajaria Annexure-A Details regarding investment in Kajaria Ultima Private Limited Sr. No. Particulars Details 1. Name of the target entity, details in brief such Kajaria Ultima Private Limited, a company incorporated as size, turnover etc. under the Companies Act, 2013 ['KU
Slide 3: Annexure-B: Acquisition of equity shares of Cosa Ceramics
IND I A'S NO .1 TILE COMPANY Kajaria Annexure-B Details of acquisition of equity shares of Cosa Ceramics Private Limited Sr. No. Particu lars Details 1. Name of the target entity, details in brief Cosa Ceramics Private Limited ('Cosa') such as size, turnover etc. Turnover (Gross) (As on 31 03 2021 )
Slide 4: Auditor's Review Report on Standalone Results
Walker Chandiok &Co LLP Walker Chandiok & Co LLP L 41, Connaught Circus, Quter Circle, New Delhi — 110 001 India T +9141 45002219 F +91 11 42787071 Independent Auditor’s Review Report on Standalone Unaudited Quarterly Financial Results and Year to Date Results of the Company Pursuant to the Regulati
Slide 5: Auditor's Review Report on Standalone Results (cont'd)
Walker Chandiok & Co LLP Independent Auditor’s Review Report on Standalone Unaudited Quarterly Financial Results and Year to Date Results of Kajaria Ceramics Limited Pursuant to the*Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) (cont'd) 4.
Slide 6: Statement of Unaudited Standalone Financial Results
Kajaria STATEMENT OF UNAUDITED STANDALONE FINANCIAL RESULTS FOR THE_llliAIHER AND NINE MONTH$_ENDE0__3_j OECEMBl:R_2021 (~ in crores, except per share data) Quarter ended Nine months ended Year ended PARTICULARS 31 December 2021 30 September 2021 31 December 2020 31 December 2021 31 December 2020 31
Slide 7: Notes to Standalone Financial Results
Kajaria Notes: 1 The above standalone financial results have been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on 21 January 2022 and have undergone 'Limited Review' by the statutory auditors of the Company. 2 The above results have been pr
Slide 8: Auditor's Review Report on Consolidated Results
Walker Chandiok &Co LLP Walker Chandiok & Co LLP L 41, Connaught Circus, Outer Circle, New Delhi — 110 001 India T +91 11 45002219 F +94 41 42787071 Independent Auditor’s Review Report on Consolidated Unaudited Quarterly Financial Results and Year to Date Results of the Company Pursuant to the Regul
Slide 9: Auditor's Review Report on Consolidated Results (cont'd)
Walker Chandiok & Co LLP Independent Auditor’s Review Report on Consolidated Unaudited Quarterly Financial Results and Year to Date Results of Kajaria Ceramics Limited Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) (cont'd)
Slide 10: Annexure 1: List of subsidiaries
Walker Chandiok & Co LLP ‘Independent Auditor’s Review Report on Consolidated Unaudited Quarterly Financial Results and Year to Date Results of Kajaria Ceramics Limited Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) (cont'd)
Slide 11: Statement of Unaudited Consolidated Financial Results
Kajaria STATEMENT OF UNAUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER AND NINE MONTHS ENDED 31 DECEMBER2021 (a/' in crores, except per share cJ,ital Quarter ended Nine months ended Year ended PARTICULARS 31 December 2021 30 September 2021 31 December 2020 31 December 2021 31 December 2020 31
Slide 12: Consolidated Segment Wise Revenue, Results, Assets and Liabilities
Kajaria UNAUDITED CONSOLIDATED SEGMENT WISE REVENUE, RESULTS, ASSETS AND LIABILII!l;S FOR THE QUARTER AND NINE MONTHS ENDED 31 DECEMBER 2021 _{_{ in crores,~x_cept per share data) Quarter ended Nine months ended Year ended PARTICULARS 31 December 2021 30 September 2021 31 December 2020 31 December 2
Slide 13: Notes to Consolidated Financial Results
Kajaria Notes: 1 The above conso lidated financial results have been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on 21 January 2022 and have undergone 'Limited Review' by the statutory auditors of the Company. 2 The above results have been
Slide 14: Extract of Unaudited Consolidated Financial Results
Kajaria EXTRACT OF UNAUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER AND NINE MONTHS ENDED 31 DECEMBER 2021 (;f in crores, except per share data) Quarter ended Nine Months ended Quarter ended Sr Particulars 31 December 2021 31 December 2021 31 December 2020 No (Unaudited) (Unaudited) (Unaudit
Slide 15: Kajaria Ceramics Limited – Q3 FY22
KAJARIA CERAMICS LIMITED Investor Update – Q3 FY22 January 21, 2022 1/16
Slide 16: Content
Content Chairman’s Message Financial Performance – Q3 FY22 Balance sheet perspective Subsidiaries Income Statement Shareholding Pattern 2/16 Investor Update Q3 FY22
Slide 17: Chairman's Message
Chairman’s Message Against all odds, our country has demonstrated commendable economic resilience despite stringent lockdowns and supply chain disruptions. In Q3 FY22 our sales volumes upped by 14% (yoy) while revenue increased by 27% (yoy). These numbers are a testament to a resilient India and con
Slide 18: Tile Volume Data (consolidated)
Tile VolumeData (consolidated) Production Growth (MSM) - Q3 FY22 Production Growth (MSM) - 9M FY22 20 50.15 18.59 50 17.18 11.56 4.42 15 3.45 40 34.59 30 7.09 10 20 38.59 13.73 14.17 27.50 5 10 0 0 9M FY21 9M FY22 Q3 FY21 Q3 FY22 Own Manufacturing Subsidiaries Own Manufacturing Subsidiaries Sales Gr
Slide 19: Revenue Growth - consolidated
Revenue Growth - consolidated Rs. / Crores 2800 2603.44 1200 46.82 1068.23 24.93 193.08 2400 1000 81.67 Plywood 838.32 Plywood 1828.39 596.28 12.75 2000 271.35 23.81 Sanitary ware / 800 67.35 Sanitary ware / Faucets 137.69 Faucets 169.64 1600 365.55 Outsourcing (Tiles) 347.71 Outsourcing (Tiles) 600
Slide 20: Profitability - Consolidated
Profitability - Consolidated 200 PBT Rs. / Crores PAT 160.18 150 158.05 122.02 160 118.94 120 100 80 50 40 0 0 Q3 FY21 Q3 FY22 Q3 FY21 Q3 FY22 400 373.80 300 281.22 350 250 300 243.54 250 200 180.96 200 150 150 100 100 50 50 9M FY21 9M FY22 9M FY21 9M FY22 6/16 Investor Update Q3 FY22 Refer Slide 14
Slide 21: EBITDA / EBITDA Margin (consolidated) – quarterly progression
EBITDA / EBITDA Margin (consolidated) – quarterly progression 22% 193 21.68% 190.93 181.77 180.49 183.84 168 20.04% 18.54% 17% 17.21% 143 14.32% 118 12% Rs./ Crores 93 80.42 7% 68 43 2% 18 -7 Q3 FY21 Q4 FY21 Q1 FY22 Q2 FY22 Q3 FY22 -3% EBITDA (Rs. / Crores) EBITDA Margin (%) 7/16 Investor Update Q3
Slide 22: Key Ratios (consolidated): Net Debt
Key Ratios(consolidated)………… Net Debt (Rs. Crore) * Net Debt Equity(X) * 200 0.20 100 0 0.10 Mar-19 Mar-20 Mar-21 Dec-21 -100 -132 -107 0.00 -200 Mar-19 Mar-20 Mar-21 Dec-21 -0.06 -300 -0.10 -0.08 -349 -0.16 -338 -400 -0.20 -0.18 * Net of cash and cash equivalents 8/16 Investor Update Q3 FY22
Slide 23: Key Ratios (consolidated): Working Capital and ROE
Key Ratios(consolidated) Working Capital (Rs. Crore) Return on Equity (Avg.) 600 513 500 475 477 432 400 406 453 397 300 309 373 290 239 200 207 100 30 0 Mar-19 Mar-20 Mar-21 Dec-21 20 19.25 Debtors Inventory Creditors 17.19 15.49 15.53 Working Capital (Days) 10 73 75 57 58 50 55 0 35 Mar-19 Mar-20
Slide 24: Subsidiaries
Subsidiaries A. JAXX VITRIFIED Jaxx Vitrified is based in Morbi (Gujarat). Kajaria has 87.37% stake in the same. Jaxx had combined annual capacity of 7.60 MSM of polished vitrified tiles. Jaxx has operated at optimum capacity during Q3 FY22. B. VENNAR CERAMICS Vennar is based in Vijayawada (Andhra P
Slide 25: Subsidiaries
Subsidiaries D. KAJARIA TILES PRIVATE LIMITED (KTPL) Kajaria Tiles (a wholly owned subsidiary) has commissioned a manufacturing facility of glazed vitrified tiles with a capacity of 5.00 MSM p.a. in Andhra Pradesh and started commercial production in September 2019. KTPL has since been merged with K
Slide 26: Expansions on card
Expansions on card…. A. Gailpur Plant (Rajasthan) The company would be adding 4.20 MSM of ceramic floor tiles capacity at its Gailpur location. The same is expected to be completed by April 2022. Estimated cost for this expansion is Rs. 60 crore approx. B. Srikalahasti Plant (Andhra Pradesh) The com
Slide 27: Expansions on card
Expansions on card…. D. Kajaria Bathware (Rajasthan) Adding new capacity of 6 lakh pieces per annum at existing location in Gailpur, which will increase the capacity to 16 lakh pieces per annum. Estimated cost for this expansion is Rs. 5 crore approx. This expansion is expected to be completed by Ap
Slide 28: Income Statement – Financial highlights
Income Statement Financial highlights (Rs / Crores) Q3 FY22 Q3 FY21 Growth 9M FY22 9M FY21 Growth Standalone Consolidated Standalone Consolidated Standalone Consolidated Standalone Consolidated Standalone Consolidated Standalone Consolidated Net Sales 950.49 1068.23 756.27 838.32 26% 27% 2312.38 260
Slide 29: Shareholding Pattern
Shareholding Pattern As on 31st Dec. 2021 Equity Shares Outstanding – 159.17 millions Shareholding 15.34% Public / Others 0.45% NRI's Promoters 47.51% 36.70% FIs /FPIS / Mutual Funds 15/16 Investor Update Q3 FY22
Slide 30: About Us
About Us Kajaria Ceramics is the largest manufacturer of ceramic/vitrified tiles in India and the 8th* largest in the world. It has present annual capacity of 70.40 mn. sq. meters presently, distributed across eight plants - one at Sikandrabad in Uttar Pradesh, one at Gailpur and one at Malootana in