Balkrishna Industries Limited · NSE:BALKRISIND
Balkrishna Industries — Q4 FY2021 Earnings Presentation
31 slides from Balkrishna Industries's earnings presentation, May 2021
Slide 1: Balkrishna Industries Ltd Investor Presentation - May 2021
BALKRISHNA INDUSTRIES LTD Investor Presentation - May 2021
Slide 2: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Balkrishna Industries Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any
Slide 3: Performance Snapshot – Q4FY21
Performance Snapshot – Q4FY21 68,002 MT Rs.1,750cr Rs.558cr Sales Volume Revenue EBITDA +17% YOY +26% YOY +37% YOY 31.9% Rs.372cr EBITDA margin Net Profit +254 bps YOY +45% YOY Achieved highest ever quarterly sales volume All figures on Standalone basis 3
Slide 4: Management Commentary
Management Commentary The demand continues to be robust in Agriculture segment across Geographies. In 01 the other segments, demand has seen an uptick on back of increased commodity prices, infrastructure creation and pick-up in economic activity During FY21, the company faced multiple challenges re
Slide 5: Sales Volume Profile – FY21
Sales Volume Profile – FY21 In MT +7% 227,131 211,261 Lockdown 199,213 Impact 172,419 201,760 FY17 FY18 FY19 FY20 FY21 FY22 Sales volume guidance: 250,000-265,000 MT 5
Slide 6: Volume Profile – FY21
Volume Profile – FY21 Segmental Sales Channel Sales Geographical Sales Others Others RoW 4% 4% 13% OEM OTR 26% 32% 23% 50% 64% India 70% 15% Europe Agriculture Americas Replacement 6
Slide 7: Profit & Loss
Profit & Loss Standalone Particulars (Rs.Cr) Q4FY21 Q4FY20 Growth FY21 FY20 Growth Sales (MT) 68,002 57,966 17% 227,131 201,760 13% Revenue from Operations 1,746 1,357 5,758 4,782 Realized Gain on Foreign 4 32 -18 115 Exchange Total Income 1,750 1,389 26% 5,740 4,898 17% Raw Material 776 519 2,452 2
Slide 8: Net Forex Gain/(Loss)
Net Forex Gain/(Loss) Standalone Q4FY21 Q4FY20 FY21 FY20 Particulars (Rs. Cr) Foreign Exchange Fluctuation on Sales 4 32 -18 115 Foreign Exchange Fluctuation on Others 12 3 42 17 Total Realised Gain/(Loss) – A 16 35 24 132 Total Unrealized Gain/(Loss) - B 23 -6 18 -0 Net Forex Gain/(Loss) = A + B 38
Slide 9: Balance Sheet
Balance Sheet Particulars (Rs. Cr.) Mar’21 Mar’20 Particulars (Rs. Cr.) Mar’21 Mar’20 ASSETS EQUITY AND LIABILITIES Non-current assets 5,649 4,854 EQUITY 6,007 5,028 Property, Plant and Equipment 3,247 3,189 Equity Share Capital 39 39 Capital work-in-progress 856 586 Other Equity 5,969 4,989 Investm
Slide 10: Cash Flow
Cash Flow Particulars (Rs. Cr.) FY21 FY20 Operating profit before working capital changes 1,798 1,402 Changes in working capital -80 57 Cash generated from operations 1,719 1,459 Direct taxes paid (net of refund) and others -356 -295 Net Cash from Operating Activities 1,363 1,164 Net Cash from Inves
Slide 11: Resilient Business Model
Resilient Business Model Long Term Debt Free with Cash and Cash equivalents of Rs. 1,475 Cr as on 31st March 2021 Diversified Product Portfolio, Self Reliant in Carbon Black spread across Agriculture, along with Multiple sourcing Industrial, Construction, arrangements for other Raw Earthmoving, Mini
Slide 12: Capex Program of Rs. 1,900cr
Capex Program of Rs. 1,900cr ▪ Debottlenecking and Brownfield expansion along with Brownfield Tire Plant addition of balancing and ancillary equipment at Bhuj ▪ Expansion to add ~50,000 MTPA capacity; expected completion by H2FY23 ▪ Capex cost of up to Rs. 800cr ✓ Rs. 1,900cr Capex to be funded by I
Slide 13: Strategy at BKT
Strategy at BKT 13
Slide 14: Our Focus Area
Our Focus Area Market Reach Expand reach within existing Sales Channels as well increase footprint within replacement segment and OEMs 01 Penetrate Americas Increase share of business in USA markets by increasing 02 supplies from India Product portfolio expansion 03 Expand the product portfolio by a
Slide 15: To Serve Global OEMs…
To Serve Global OEMs… The Brand Names mentioned are the property of their respective owners and are used here for identification purposes only 15
Slide 16: With India Production and Global Sales
With India Production and Global Sales Waluj, Maharashtra Bhiwadi, Rajasthan Chopanki, Rajasthan Our plants India – Our Bhuj, Gujarat Manufacturing base Mould plant, Dombivali 16
Slide 17: Balkrishna Industries – A Snapshot
Balkrishna Industries – A Snapshot Leading ‘Off-Highway Tire” Exporter BKT is India’s Leading player in the Global ‘Off Highway Tire (OHT)’ Market Wide and comprehensive product portfolio Deep understanding of OHT market has led to capabilities to manufacture over 2,700 SKUs Capacities Achievable ca
Slide 18: Our Strong Evolution
Our Strong Evolution Self Reliant on Carbon 2019 Started Manufacturing for 2020 Black with the large size 51” diameter tires completion of Phase 2 at at Bhuj Bhuj in Gujarat Crosses Rs. Started 2011 2018 2015 Announced 2009 Rebranding of Greenfield 1,000 cr Capex at Waluj BKT Plant in Bhuj, Turnover
Slide 19: BKT… at the forefront of Sustainability
BKT… at the forefront of Sustainability • Part of electricity needs of the North India plants are being met by green energy generated through our own wind and solar projects • In Bhuj, the Company’s largest production site, the company has o Planted over 100,000 trees o Created two large water reser
Slide 20: Application of our Tires
Application of our Tires Agriculture Tires Cotton Pick Harvester Tractor Vineyard Tractor Pivot Irrigator Industrial Tires Loader Telehandler Mobile Crane OTR Tires Load Haul Dump Underground Mining Container Handler 20
Slide 21: BKT – A Strong Global Brand from INDIA
BKT – A Strong Global Brand from INDIA 21
Slide 22: Strengthening BKT Brand : Americas
Strengthening BKT Brand : Americas BKT is the Official and Exclusive Tire manufacturer of MONSTER JAM and its fleet of Monster Trucks – Monster Jam is a top sporting event in America 22
Slide 23: Strengthening BKT Brand : Canada
Strengthening BKT Brand : Canada BKT Continental Cup – Curling: BKT is the Title Sponsor of Continental Cup 23
Slide 24: Strengthening BKT Brand : Italy, Europe
Strengthening BKT Brand : Italy, Europe BKT is the Title Sponsor for the ITALIAN SERIE ‘B’ FOOTBALL CHAMPIONSHIP – THE NEWBORN - “SERIE BKT” 24
Slide 25: Strengthening BKT Brand : Spain, Europe
Strengthening BKT Brand : Spain, Europe BKT is the Official Global Partner for the Spanish Football League “La Liga” 25
Slide 26: Strengthening BKT Brand : France, Europe
Strengthening BKT Brand : France, Europe BKT is the Sponsor for the “LIGUE de Football Professionel (LFP)” in France 26
Slide 27: Strengthening BKT Brand : Europe
Strengthening BKT Brand : Europe Premium Partner of EUROLEAGUE BASKETBALL 27
Slide 28: Strengthening BKT Brand : Tractor of the year (TotY) - Europe
Strengthening BKT Brand : Tractor of the year (TotY) - EUROPE Team of 26 expert journalists in agricultural mechanization, assign the Tractor of the Year (TotY) award to the ‘Best European Tractor’ 28
Slide 29: Strengthening BKT Brand : Australia
Strengthening BKT Brand : Australia BKT is the Official “OFF-HIGHWAY TIRE PARTNER” for KFC BIG BASH LEAGUE (THE AUSTRALIAN CRICKET LEAGUE) 29
Slide 30: Strengthening BKT Brand : India
Strengthening BKT Brand : India Official Partner of Teams in the Cricket T20 League 30
Slide 31: For further information, please contact
For further information, please contact: Company : Investor Relations Advisors : Balkrishna Industries Ltd. Strategic Growth Advisors Pvt. Ltd. CIN - L99999MH1961PLC012185 CIN - U74140MH2010PTC204285 Mr. M S Bajaj Mr. Shogun Jain President (Commercial) & CFO shogun.jain@sgapl.net +91 77383 77756 www
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