Kaveri Seed Co. Ltd. · NSE:KSCL
Kaveri Seed — Q4 FY2021 Earnings Presentation
29 slides from Kaveri Seed's earnings presentation, May 29, 2021
Slide 1: Exchange filing cover letter
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Slide 2: Result Presentation – Q4 & FY21
Kaveri Seed Company Limited Result Presentation – Q4 & FY21
Slide 3: Safe Harbour
Safe Harbour Certain statements in this document may be forward-looking statements. Such forward-looking statements are subject to certain risks and uncertainties like government actions, local political or economic developments, technological risks, and many other factors that could cause our actua
Slide 4: Summary
Business and crop wise overview Crop wise Performance and outlook Summary Industry Backdrop Q4 & FY21 Financial Performance Research & Development – A pillar for growth Growth Outlook 3
Slide 5: FY21 Business Overview
FY21 Business Overview Strong financial and Kaveri Seed Company Intense focus on R&D; Exports continue to be operating performance. becomes the first seed deep connect with the strong. Presently exporting Revenues higher by 11.39%, producers in India with farmer translates to rich to Pakistan, Sri L
Slide 6: FY21 Crop wise overview
FY21 Crop wise overview Cotton acreages marginally higher on a YOY basis by 1.9% which is equivalent to 2.38 lakh acres. Increases in Telangana, Karnataka and Punjab but lower in AP, Gujarat, TN and Maharashtra. Overall Maize acreages are almost stable with a slight increase of 1%. The area in Khari
Slide 7: Industry Backdrop
Industry Backdrop kaveri seeds
Slide 8: Industry Backdrop – Cotton
Industry Backdrop – Cotton Area coverage FY 20-21 as on Feb 2021 Area in lakh hectare YoY Abs State 2020-21 2019-20 Change Andhra Pradesh 5.64 6.2 -9.03% Telangana 24.13 18.6 29.73% Gujarat 22.79 26.67 -14.55% Haryana 7.37 7.01 5.14% Karnataka 6.88 5.75 19.65% Madhya Pradesh 6.44 6.09 5.75% Maharash
Slide 9: Industry Backdrop – Commodity Prices Cotton
Industry Backdrop – Commodity Prices Cotton Prices April, Prices March, Prices April, % Change(Over % Change(Over State 2021 2021 2020 Previous Month) Previous Year) Gujarat 6,132.98 5,963.49 4,668.03 2.84 31.38 Haryana 6,100.00 5,925.62 5405.00 2.94 11.28 Karnataka 5,511.57 5,756.95 3,826.04 -4.26
Slide 10: Industry Backdrop - Maize
Industry Backdrop - Maize Area coverage during FY20-21 (12M) as on Feb 21 Area in lakh hectare State 2020-21 2019-20 YoY Abs Change Andhra Pradesh 2.21 2.56 -13.67% Arunachal Pradesh 0.43 0.44 -2.27% Assam 0.64 0.54 18.52% Bihar 9.26 8.96 3.35% Chhattisgarh 3 2.82 6.38% Gujarat 3.84 4.34 -11.52% Har
Slide 11: Industry Backdrop – Commodity Prices Maize
Industry Backdrop – Commodity Prices Maize Prices April, Prices March, % Change(Over % Change(Over State Prices April, 2020 2021 2021 Previous Month) Previous Year) Andhra Pradesh 1,311.21 1,499.61 1732 -12.56 -25 Chhattisgarh 1,508.89 1,394.96 1,457.51 8.17 3.53 Gujarat 1,672.84 1,599.01 1,720.66 4
Slide 12: Industry Backdrop Crop Trends
Industry Backdrop Crop Trends Crop-wise area coverage during FY20-21 Area in lakh hectare 442 346 409 129 336 99.65 11.3% 67.72 43.96 127 98.681.0% 1.9% 2.27 3.0% 8.1% 66.14 47.05 2.4% 2.04 Cotton Maize Rice Bajra Jowar Sunflower Wheat -6.6% Abs Change (%) 2020 2021 Source: agricoop.nic.in 11
Slide 13: Industry Backdrop – All India Rainfall
Industry Backdrop – All India Rainfall Early & Timely Monsoon Helped in Early Sowing and increased Kharif Area 12 Source: IMD
Slide 14: Industry Backdrop – All India Rainfall
Industry Backdrop – All India Rainfall 13 Source: IMD
Slide 15: Industry Backdrop – All India Rainfall
Industry Backdrop – All India Rainfall 14 Source: IMD
Slide 16: Q4 & FY21 Performance
Q4 & FY21 Performance Ge kaveri seeds
Slide 17: Q4 & FY21 Performance Review
Q4 & FY21 Performance Review Standalone Consolidated Growth Growth Growth Growth Rs. lakhs Q4FY21 Q4FY20 FY21 FY20 Q4FY21 Q4FY20 FY21 FY20 (%) (%) (%) (%) Net Sales 5,507.80 5,191.69 6.09 98,698.07 88,325.60 11.74 6,425.26 6,312.02 1.79 1,03,630.55 93,034.63 11.39 Cost of Production 2,382.17 2,969.2
Slide 18: Cash investments as on March 2021
Cash investments as on 31 March 2021 All figures based on cost Fund House Liquid Liquid Plus FMP Shortterm Medium Grand Total ASK 2,293 2,293 Rs.in Lakhs AXIS 2,100 2,100 BIRLA 2,100 700 1,220 4,020 FRANKLIN 500 500 HDFC 1,500 300 3,800 5,600 ICICI 7,200 2,210 9,410 IDFC 2,000 2,000 INVESCO 3,000 3,
Slide 19: Balance sheet overview - as on March 2021
Balance sheet overview - as on 31 March 2021 All figures based on cost Rs.in Lakhs Standalone Consolidated As on As on As on As on March March March March Rs. Lakhs 31, 2021 31, 2020 31, 2021 31, 2020 Inventories 87,835.73 72,200.77 88,373.46 72,821.25 Trade Receivables 7,378.89 8,967.95 10,567.89 1
Slide 20: FY21 Crop wise performance
FY21 Crop wise performance Cotton: Cotton seed revenue & Maize seed revenue & Volumes are almost stable in FY21; lower by less than 2% volumes volumes Gained cotton seed market share in Gujarat & Haryana markets Lost sales in AP and Telangana Net Revenues (Rs cr) Net Revenues (Rs cr) Contrib
Slide 21: FY21 Crop wise performance
FY21 Crop wise performance Hybrid Rice: Hy Rice Seed revenue Sel Rice seed revenue & Volumes increased by 48.26% in FY21 & volumes volumes Introduction of new hybrid 7299, 471 & 473 helped towards strong growth Net Revenues (Rs cr) Net Revenues (Rs cr) 5,680. Sales Volume (mn packets) Sales Volu
Slide 22: FY21 Crop wise performance
FY21 Crop wise performance Vegetables: Vegetable seed revenue & volumes Vegetable sales volumes increased by 56.19% Net Revenues (Rs cr) Sales Volume (mn packets) Major growth driven by Hot pepper, Tomato, Gourds & Okra In Hot pepper KHPH 1213, KHPH 1217 & KHPH 1225 In Tomato KTH 354 & KTH 3
Slide 23: Segmental Revenue Contribution
Segmental Revenue Contribution FY20 Revenue 883 cr FY21 Revenue 986 cr Vegetables Bajra Vegetables Bajra Selection Rice 3% 2% 4% 2% Selection Rice 7% 10% Hybrid Rice 10% Hybrid Rice Cotton 13% 45% Cotton 51% Maize 20% Maize Others 21% Others 7% 5% 22
Slide 24: Crop wise outlook
Crop wise outlook Rice Rice is estimated to account for 50% of Indian agricultural GDP Optimally Hybrid rice is presently grown on 3.5 million hectares; estimated to be growing at 5-10% positioned Over the last five years Kaveri has gained over 10% market share of hybrid rice Cotton Increasi
Slide 25: R&D Efforts
R&D Efforts in R&D during the year have led to the following crop wise performance where new products are concerned The contribution from new products has stable volume in FY 2020 & 2021 New products include KCH 111, money maker, VIPLAV New products – 8322, 8333, 5210, 4210 Benefits: Higher Yield
Slide 26: Outlook
Outlook Field Crops Vegetables Company is highly focused & well positioned Vegetable seeds market in India is currently to significantly increase Non Cotton Business valued at INR30b+ and is growing at 20% run Revenue share while keep growing marginally rate. Current market share of KSCL is very
Slide 27: The Kaveri Moat: Seeding Profitable Growth
The Kaveri Moat: Seeding Profitable Growth Strong P&L record, Cash rich, consistent Leadership in key crops: Top 5 Rank dividend paying Diverse Product portfolio addressing crop Benchmark R&D: Comprehensive germplasm rotation & shift repository Market adjacent, Pan- India Operations with Brand Salie
Slide 28: Investor Contacts
Investor Contacts For further information, please contact: Tel: +91 40 4919 2345 C. Mithun Chand Fax: +91 40 2781 1237 Executive Director, Kaveri Seeds # 513 B, 5th Floor, Minerva Complex, S.D.Road, Secunderabad -500 003 www.kaveriseeds.in Gavin Desa +91 22 6645 1237 CDR India gavin@cdr-india Rishab
Slide 29: Thank You
Gs Thank You kaveri seeds
Kaveri Seed Company — Q4 FY2021 Earnings Presentation on 6ix