Kaveri Seed Co. Ltd. · NSE:KSCL
Kaveri Seed — Q1 FY2022 Earnings Presentation
27 slides from Kaveri Seed's earnings presentation, Aug 14, 2021
Slide 1: Kaveri Seed Company Limited filing cover letter
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Slide 2: Result Presentation – Q1FY22
Kaveri Seed Company Limited Result Presentation – Q1FY22
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 Q1FY22 Financial Performance Research & Development – A pillar for growth Growth Outlook 3
Slide 5: Q1FY22 Business Overview
Q1FY22 Business Overview Strong performance by non cotton business Paddy sales grew significantly despite overall acreage declining. Hybrid rice grew 43.28% while Selection rice improved 14.88% Maize revenues tempered by no government sales. Non government sales of maize significantly higher des
Slide 6: Q1FY22 Business Overview
Q1FY22 Business Overview Operations Operations continue to progress well supported by a robust R&D and infrastructure backbone New introductions across all crops contribute strongly to growth and scale up Financial overview Revenues are lower at Rs. 629.77 crore in Q1FY22 versus Rs. 719.48 cro
Slide 7: Industry Backdrop
Industry Backdrop kaveri seeds
Slide 8: Q1FY22 Crop wise overview
Q1FY22 Crop wise overview Cotton acreages lower on a YOY basis by 8.68%. Area under cultivation has decreased in all major cotton growing states. The highest decline has been in AP followed by Punjab , Karnataka , Rajasthan, Maharashtra , MP , Haryana & Telangana. The decline is largely due to lower
Slide 9: Industry Backdrop – Cotton
Industry Backdrop – Cotton Area coverage during Kharif 2021 as on July 30, 2021 Area in lakh hectare YoY Abs State 2021-22 2020-21 Change Andhra Pradesh 2.4 4.24 -43.33% Telangana 20.1 21.7 -7.45% Gujarat 21.8 22.2 -1.78% Haryana 6.88 7.37 -6.65% Karnataka 4.26 4.69 -9.13% Madhya Pradesh 5.98 6.23 -
Slide 10: Industry Backdrop – Commodity Prices Cotton
Industry Backdrop – Commodity Prices Cotton % Change (Over % Change (Over State Prices July, 2021 Prices June, 2021 Prices July, 2020 Previous Month) Previous Year) Gujarat 7,435.06 6,905.43 4,124.39 7.67 80.3 Haryana 7,000.00 7,000.00 4,800.00 - - Karnataka 7,402.42 6,347.82 4,607.62 16.6 60.7 Maha
Slide 11: Industry Backdrop - Maize
Industry Backdrop - Maize Area coverage during Kharif 2021 as on July 30, 2021 Area in lakh hectare State 2021-22 2020-21 YoY Abs Change Andhra Pradesh 0.52 0.63 -17.46% Arunachal Pradesh 0.39 0.39 -1.28% Assam 0.32 0.17 88.24% Bihar 3.4 3.78 -10.05% Chattishgarh 1.71 2.22 -22.93% Gujarat 2.77 2.62
Slide 12: Industry Backdrop – Commodity Prices Maize
Industry Backdrop – Commodity Prices Maize % Change % Change State Prices July, 2021 Prices June, 2021 Prices July, 2020 (Over Previous Month) (Over Previous Year) Andhra Pradesh 1,524.90 1,417.54 1,444.19 7.57 5.59 Chattisgarh 1,425.09 1,383.10 1,132.43 3.04 25.8 Gujarat 1,918.38 1,758.82 1,602.83
Slide 13: Industry Backdrop Crop Trends
Industry Backdrop Crop Trends Crop-wise area coverage during Q1FY22 34.2% 264.62 -8.7% -4.0% -0.2% -8.8% -14.9% 111 275.63 73 49.72 121 10.69 1.06 73 54.51 12.56 0.79 Cotton Rice Maize Bajra Jowar Sunflower Abs Change (%) 2021 2022 Area in lakh hectare 12 Source: agricoop.nic.in
Slide 14: Industry Backdrop – All India Rainfall
Industry Backdrop – All India Rainfall Early & Timely Monsoon Helped in Early Sowing and increased Kharif Area 13 Source: IMD
Slide 15: Industry Backdrop – All India Rainfall
Industry Backdrop – All India Rainfall 14 Source: IMD
Slide 16: Industry Backdrop – All India Rainfall
Industry Backdrop – All India Rainfall 15 Source: IMD
Slide 17: Q1FY22 Performance
Q1FY22 Performance Ge kaveri seeds
Slide 18: Q1FY22 Performance Review
Q1FY22 Performance Review Standalone Consolidated Rs. lakhs Q1FY22 Q1FY21 Growth (%) Q1FY22 Q1FY21 Growth (%) Net Sales 68,240.78 74,846.41 (8.83) 62,977.92 71,948.31 (12.47) Cost of Production 41,754.83 41,733.91 0.05 35,190.21 37,708.80 (6.68) Gross Profit 26,485.95 33,112.51 (20.01) 27,787.71 34,
Slide 19: Cash investments as on June 2021
Cash investments as on 30 June 2021 All figures based on cost Fund House Liquid Liquid Plus FMP Shortterm Medium Grand Total Rs.in Lakhs ASK 2,289 2,289 AXIS 2,100 2,100 BIRLA 1,500 700 1,220 3,420 HDFC 4,200 2,800 1,200 3,800 12,000 ICICI 3,200 510 3,500 7,210 IDFC 2,000 2,000 KOTAK 3,000 500 2,100
Slide 20: Q1FY22 Crop wise performance
Q1FY22 Crop wise performance Cotton: Cotton seed revenue & Maize seed revenue & Q1FY22 volumes & revenue is down by about 28% volumes volumes Gained cotton seed market share in Gujarat & Haryana markets Lost sales in AP and Telangana & Karnataka Net Revenues (Rs cr) Net Revenues (Rs cr) Cont
Slide 21: Q1FY22 Crop wise performance
Q1FY22 Crop wise performance Hybrid Rice: Hy Rice Seed revenue & Sel. Rice seed revenue & Revenue grew by 43.28% in Q1FY22 volumes volumes Introduction of new hybrids 7299, 471 & 473 helped towards strong growth Net Revenues (Rs cr) Net Revenues (Rs cr) Sales Volume (MT) Sales Volume (MT) Cont
Slide 22: Q1FY22 Crop wise performance
Q1FY22 Crop wise performance Vegetables: Vegetable seed revenue & volumes Vegetable sales revenue increased by 22.39% Major growth driven by Hot pepper, Gourds & Okra Net Revenues (Rs cr) Sales Volume (MT) In Hot pepper KHPH 1223, KHPH 206 & Kaveri Beauty & Kaveri Sony 38.22 Kaveri introduce
Slide 23: Segmental Revenue Contribution
Segmental Revenue Contribution Q1FY21 Revenue Rs. 748.46 cr Q1FY22 Revenue Rs. 682.41 cr Vegetables Bajra Vegetables Bajra Selection Rice 2% 2% 3% 1% Selection Rice 10% 13% Hybrid Rice Cotton 15% 45% Cotton Hybrid Rice 57% 24% Maize 12% Others Maize Others 2% 12% 2% 22
Slide 24: R&D
R&D New products include KCH 111, money maker, VIPLAV New products – 8322, 8333, 5210, 4210 Benefits: Higher Yield Advantage Differentiators: Better Sucking Pest Tolerance and Big Boll Benefits: highest Yield , Attractive Color & Best Storability Size Differentiators: High Sheeling , Disease Toleran
Slide 25: 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 26: 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 27: Thank You
Thank You kaveri seeds
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