Kajaria Ceramics Limited · NSE:KAJARIACER
Kajaria Ceramics — Q1 FY22 Earnings Presentation
29 slides from Kajaria Ceramics's earnings presentation, Aug 3, 2021
Slide 1: Outcome of Board Meeting cover letter
YEARS OF Kajaria TRANSFORMATION August 3, 2021 BSE Limited The National Stock Exchange of India Ltd. P.J. Towers Exchange Plaza Dalal Street Sandra Kurla Complex Mumbai - 400 001 Bandra (E) Mumbai - 400 051 Dear Sir, Re.: Outcome of the Board Meeting and announcements pursuant to the SEBI (Listing O
Slide 2: Annexure-A: Details of proposed investment in equity shares
YEARS OF TRANSFORMATION Kajaria Annexure-A Details of proposed investment in Equity Shares Sr. Particulars Details No. 1. Name of the target entity, details in A Special Pu rpose Vehicle ('SPV') is to be formed brief such as size, turnover etc. by CleanMax Enviro Energy Solutions Private Limited ('C
Slide 3: Annexure-A: Details of proposed investment (continued)
YEARS OF TRANSFORMATION Kajaria 6. Indicative time period for completion Approximately 12 months of the acquisition 7. Nature of consideration - whether Cash consideration cash consideration or share swap and details of the same 8. Cost of acquisition or the price at At par value, aggregating upto R
Slide 4: Independent Auditor's Review Report on Standalone Results
Independent Auditor’s Review Report on Standalone Unaudited Quarterly Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) To the Board of Directors of Kajaria Ceramics Limited 1. We have reviewed
Slide 5: Independent Auditor's Review Report on Standalone Results (cont'd)
Independent Auditor’s Review Report on Standalone Unaudited Quarterly Financial 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. Based on our review conducted as above, nothing h
Slide 6: Statement of Unaudited Standalone Financial Results
,. Kajaria STATEMENT OF UNAUDITED STANDALONE FINANCIAL RESULTS EQR THE QUARTER ENDED 30 JUNE 2021 ('{ in crores, except per share data) Quarter ended Year ended PARTICULARS 30 June 2021 31 March 2021 30 June 2020 31 March 2021 (Unaudited) (refer note No 5) (Unaudited) (Audited) 1. INCOME a) Revenue
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 03 August 2021 and have undergone 'Limited Review' by the statutory auditors of the Company. 2 The above results have been pre
Slide 8: Independent Auditor's Review Report on Consolidated Results
Independent Auditor’s Review Report on Consolidated Unaudited Quarterly Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) To the Board of Directors of Kajaria Ceramics Limited 1. We have reviewe
Slide 9: Independent Auditor's Review Report on Consolidated Results (cont'd)
Independent Auditor’s Review Report on Consolidated Unaudited Quarterly Financial 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. Based on our review conducted and procedures pe
Slide 10: Annexure 1: List of subsidiaries included in the Statement
Independent Auditor’s Review Report on Consolidated Unaudited Quarterly Financial Results of Kajaria Ceramics Limited Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) (cont’d) Annexure 1 List of subsidiaries included in the St
Slide 11: Statement of Unaudited Consolidated Financial Results
Kajaria STATEMENT OF UNAUDITED CONSOLIDATED FINANCIALRESULT$ FOR THE QUARTER ENDED 30 JUNE 2021 (~ in crores, except per share data) Quarter ended PARTICULARS 30 June 2021 31 March 2021 30 June 2020 31 March 2021 (Unaudited) (refer note No 4) (Unaudited) (Audited) 1. INCOME a) Revenue from operation
Slide 12: Unaudited Consolidated Segment Revenue, Results, Assets and Liabilities
Kajaria UNAUDITED CONSOLIDATED SEGMENT WISE REVENUE. RESULTS. ASSETS AND LIABILITIES FOR THE QUARTER ENDED 30 JUN3: 2021 (~ in_c_i:ores,except per share data) Quarter ended Year ended PARTICULARS 30 June 2021 31 March 2021 30 June 2020 31 March 2021 (Unaudited) (refer note 4) (Unaudited) (Audited) 1
Slide 13: Notes to Consolidated Financial Results
'• Kajaria Notes: 1 The above consolidated financial results have been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on 03 August 2021 and have undergone 'Limited Review' by the statutory auditors of the Company. 2 The above results have bee
Slide 14: Extract of Unaudited Consolidated Financial Results
Kajaria EXTRACT OF UNAUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER ENDED 30 JUNE 2021 (z in crores, except per share data) Quarter ended Year ended Sr Particulars 30 June 2021 31 March 2021 30 June 2020 31 March 2021 No (Unaudited) (refer note No 3) (Unaudited) (Audited) 1 Income a) Revenue
Slide 15: Kajaria Ceramics Limited – Q1 FY22
KAJARIA CERAMICS LIMITED Investor Update – Q1 FY22 August 3, 2021 1/15
Slide 16: Content
Content Chairman’s Message Financial Performance – Q1 FY22 Balance sheet perspective Subsidiaries Income Statement Shareholding Pattern 2/15 Investor Update Q1 FY22
Slide 17: Chairman's Message
Chairman’s Message The Indian economy is seeing a strong resurgence of growth with the gradual lifting of covid restrictions fueled by pent-up demand, historic low financing costs and the concerted efforts of government, industry and citizens to drive vaccination. Already, we see several upward revi
Slide 18: Tile Volume Data (consolidated)
Tile VolumeData (consolidated) Production Growth (MSM) - Q1 FY22 20 15 13.99 3.40 10 5 10.59 1.52 0.09 0 1.43 Q1 FY21 Q1 FY22 Own Manufacturing Subsidiaries Sales Growth (MSM) – Q1 FY22 20 15.26 15 3.69 10 3.29 7.66 1.94 5 1.50 8.28 4.22 0 Q1 FY21 Q1 FY22 Own Manufacturing Subsidiaries Outsource 4/1
Slide 19: Revenue Growth - consolidated
Revenue Growth - consolidated Rs. / Crores 600 561.66 5.36 36.97 114.57 400 Plywood 113.35 Sanitary ware / Faucets 277.56 2.47 Outsourcing (Tiles) 17.39 Subsidiaries (Tiles) 57.07 Own Manufacturing (Tiles) 200 52.69 291.41 147.94 0 Q1 FY21 Q1 FY22 Refer Slide 13 for detailed IncomeStatement 5/15 Inv
Slide 20: Profitability - Consolidated
Profitability - Consolidated PBT Rs. / Crores PAT 50 43.06 80 56.88 30 40 10 0 Q1 FY21 Q1 FY22 Q1 FY21 Q1 FY22 -10 -40 -33.55 -30 -27.10 6/15 Investor Update Q1 FY22 Refer Slide 13 for detailed IncomeStatement
Slide 21: EBITDA / EBITDA Margin (consolidated) – quarterly progression
EBITDA / EBITDA Margin (consolidated) – quarterly progression 190 47% 190.93 181.77 165 37% 140 143.69 115 Rs./ Crores 27% 90 21.68% 20.17% 20.04% 80.42 17% 65 14.32% 40 7% 15 -7.57 Q1 FY21 Q2 FY21 Q3 FY21 Q4 FY21 Q1 FY22 -10 EBITDA (Rs. / Crores) EBITDA Margin (%) -3% -2.73% 7/15 Investor Update Q1
Slide 22: Key Ratios (consolidated): Net Debt
Key Ratios(consolidated)………… Net Debt (Rs. Crore) * Net Debt Equity(X) * 200 0.20 100 0.10 0 Mar-19 Mar-20 Mar-21 Jun-21 -100 -107 0.00 -132 Mar-19 Mar-20 Mar-21 Jun-21 -200 -0.06 -0.08 -0.10 -319 -300 -349 -0.16 -400 -0.20 -0.18 * Net of cash and cash equivalents 8/15 Investor Update Q1 FY22
Slide 23: Key Ratios (consolidated): Working Capital and ROE
Key Ratios(consolidated) Working Capital (Rs. Crore) Return on Equity (Avg.) 600 513 500 475 455 432 400 406 397 373 354 300 309 30 239 200 207 168 100 0 Mar-19 Mar-20 Mar-21 Jun-21 20 17.19 Debtors Inventory Creditors 15.49 15.53 Working Capital (Days) 120 10 100 88 9.49 73 80 58 60 50 40 0 20 Mar-
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 62% capacity during Q1 FY22. B. VENNAR CERAMICS Vennar is based in Vijayawada (Andhra Prade
Slide 25: Subsidiaries (continued)
Subsidiaries D. KAJARIA TILES PRIVATE LIMITED 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. Plant has operated at 63% in Q1 FY22. E.
Slide 26: Expansions on card
Expansions on card…. A. Gailpur Plant (Rajasthan) The company would be adding 4.20 msm of floor tiles capacity at its Gailpur location. The same is expected to be completed by March 2022. Estimated cost for this expansion is Rs. 60 crore approx. B. Srikalahasti Plant (Andhra Pradesh) The company’s s
Slide 27: Income Statement: Financial highlights
Income Statement Financial highlights (Rs / Crores) Q1 FY22 Q1 FY21 FY21 FY20 Growth over FY 20 Standalone Consolidated Standalone Consolidated Standalone Consolidated Standalone Consolidated Standalone Consolidated Net Sales 499.67 561.66 257.53 277.56 2523.18 2780.90 2571.80 2808.01 -2% -1% EBITDA
Slide 28: Shareholding Pattern
Shareholding Pattern As on 30th Jun. 2021 Equity Shares Outstanding – 159.16 millions Shareholding 15.11% Public / Others NRI's 0.46% 47.54% Promoters 36.89% FIs /FPIS / Mutual Funds 14/15 Investor Update Q1 FY22
Slide 29: 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