Kiri Industries Limited · NSE:KIRIINDUS
Kiri Industries — Q1 FY2021 Earnings Presentation
22 slides from Kiri Industries's earnings presentation, Aug 11, 2020
Slide 1: Kiri Industries Limited
CO Kiri Industries Limited Future Fall of Colours... August 11, 2020 To, To, BSE Limited National Stock Exchange of India Limited 1* Floor, Rotunda Building, Exchange Plaza, Bandra Kurla Complex, B.S. Marg, Fort, Mumbai - 400 001 Bandra (E), Mumbai - 400 051 | Scrip Code: 532967 Scrip ID — KIRIINDUS
Slide 2: Earnings Con-call Invite
Earnings Con-call Invite VALOREM ADVISORS is pleased to invite you for a Conference Call to discuss Q1-FY21 earnings of on Tuesday 11th August, 2020 at 3:30 pm (IST) Kiri Industries Limited’s Management will be represented by: Mr. Manish Kiri – Managing Director Mr. Jayesh Hirani – Senior Manager (A
Slide 3: Q1-FY21 Earnings Presentation
Kiri Industries Limited Q1-FY21|EARNINGS PRESENTATION
Slide 4: Company Overview
2 Company Overview • Established in 1998, Kiri Industries Limited (KIL), Consolidated Revenue Break-up (INR Mn) is based out of Gujarat and has emerged as one 6,625 of the largest manufacturers and exporters of a 6,499 4,629 wide range of Dyes, Dyes Intermediates and 3,681 4,879 Basic Chemicals from
Slide 5: About DyStar
3 About DyStar Total Revenue (USD Mn) KIL acquired Dystar in 2010, along with Zhenjiang 1,129 1,016 1057 Longsheng holding 37.57% presently 938 898 822 871 • The DyStar Group is a leading dyestuff and chemical manufacturer and solution provider, offering a broad portfolio of colorants, specialty che
Slide 6: History
4 History COLORATION SPECIALIST FOUNDATION JOINT VENTURE OF: ACQUISITION: Bayer AG and Emerald Hoechst AG Performance (Textile dyes, ACQUISITION: FOUNDATION: Materials SOLUTION Ind. Color Solutions ACQUISITION: Sustainable Specialities SUSTAINABILITY LEADER PROVIDER Mitsubishi) International Texania
Slide 7: Q1-FY21 Financial Highlights
5 Q1-FY21 Financial Highlights Q1-FY21 Financial Highlights (Standalone) Q1-FY21 Financial Highlights (Consolidated) • Operational Revenue: INR 685 Mn • Operational Revenue: INR 1088 Mn • EBITDA: INR (208) Mn • EBITDA: INR (54) Mn • EBITDA Margin: NA • EBITDA Margin: NA • Net Profit: INR (308) Mn •
Slide 8: Q1-FY21 Standalone Operational Highlights
6 Q1-FY21 Standalone Operational Highlights • The company faced complete lockdown between March 21, 2020 and April 27, 2020, after which the plants were partially allowed to operate gradually. Initially, during May 2020, the company was allowed to fulfill its export commitments by operating its dyes
Slide 9: Q1-FY21 Consolidated Operational Highlights
7 Q1-FY21 Consolidated Operational Highlights • On a consolidated basis, the revenues dropped by around 70% and operational expenses dropped by around 63% Y-O-Y basis. Hence, fixed overheads could not be absorbed from the consolidated revenues of Rs.108.83Crore resulting in an EBIDTA loss of Rs.4.77
Slide 10: Update on Kiri's Minority Oppression suit in the matter of DyStar
8 Update on Kiri’s Minority Oppression suit in the matter of DyStar • The court process of valuing 37.57% stake of Kiri in DyStar is being carried out as per the directives issued by Singapore International Commercial Court (SICC) vide its order dated 8 January, 2019. Trial for valuation has been co
Slide 11: Q1-FY21 Financial Highlights
Q1-FY21 Financial Highlights
Slide 12: Q1-FY21 Standalone Income Statement
10 Q1-FY21 Standalone Income Statement PARTICULARS (INR Mn) Q1-FY21 Q1-FY20 Y-o-Y Q4-FY20 Q-o-Q Revenue from Operations 685 2,782 (75.4)% 2,125 (67.8)% Total Expenses 893 2,402 (62.8)% 2,016 (55.7)% EBITDA (208) 380 NA 109 NA EBITDA Margin(%) NA 13.66% NA 5.13% NA Other Income 6 1 NA 19 (68.4)% Depr
Slide 13: Q1-FY21 Consolidated Income Statement
11 Q1-FY21 Consolidated Income Statement PARTICULARS (INR Mn) Q1-FY21 Q1-FY20 Y-o-Y Q4-FY20 Q-o-Q Revenue from Operations 1,088 3,664 (70.3)% 2,982 (63.5)% Total Expenses 1,142 3,046 (62.5)% 2,675 (57.3)% EBITDA (54) 618 NA 307 NA EBITDA Margin NA 16.87% NA 10.30% NA Other Income 6 4 50.0% 22 (72.7)
Slide 14: Historical Financials
> NP HISTORICAL FINANCIALS
Slide 15: Standalone Income Statement
13 Standalone Income Statement PARTICULARS (INR Mn) FY18 FY19 FY20 Q1-FY21 Revenue from Operations 9,013 10,619 9,690 685 Total Expenses 7,712 9,055 8,729 893 EBITDA 1,301 1,564 961 (208) EBITDA Margin 14.43% 14.73% 9.92% NA Other Income 33 28 41 6 Depreciation 250 285 366 81 Finance Cost 17 44 45 9
Slide 16: Standalone Balance sheet
14 Standalone Balance sheet PARTICULARS (INR Mn) FY19 FY20 PARTICULARS (INR Mn) FY19 FY20 Equity 6,307 6,730 Non Current Assets 6,922 7,665 Equity Share Capital 313 336 a) Property, Plant and Equipment 4,290 4,635 Other Equity 5,994 6,394 b) Other Intangible assets 1 - c) Capital Work In Progress 37
Slide 17: Consolidated Income Statement
15 Consolidated Income Statement PARTICULARS (INR Mn) FY18 FY19 FY20 Q1-FY21 Revenue from Operations 11,352 13,938 13,054 1,088 Total Expenses 9,542 11,628 11,193 1,142 EBITDA 1,810 2,310 1,861 (54) EBITDA Margin (%) 15.94% 16.57% 14.26% NA Other Income 16 27 53 6 Depreciation 341 376 444 98 Finance
Slide 18: Consolidated Balance sheet
16 Consolidated Balance sheet PARTICULARS (INR Mn) FY19 FY20 PARTICULARS (INR Mn) FY19 FY20 Equity 15,673 19,334 Non Current Assets 15,673 18,919 Equity Share Capital 313 336 a) Property, Plant and Equipment 4,769 5,062 Other Equity 15,360 18,998 b) Other Intangible assets 70 56 c) Capital Work In P
Slide 19: Consolidated Financial Highlights
17 Consolidated Financial Highlights Operational Revenue (INR Mn) EBITDA (INR Mn) & PAT(INR Mn) & PAT 13,938 EBITDA Margins (%) Margins(%) 13,054 11,983 11,352 11,119 15.94% 16.57% 13.27% 14.26% 11.14% 11.16%11.31% 9.14% 8.86% 2.50% 1,239 1,590 1,810 2,310 1,861 257 1,095 1,267 1,576 1,157 FY16 FY17
Slide 20: Capital Markets
18 Capital Markets Share Price Data as on 30th June 2020 15% -5% -25% -45% -65% Jul-19 Aug-19 Sep-19 Oct-19 Nov-19 Dec-19 Jan-20 Feb-20 Mar-20 Apr-20 May-20 Jun-20 Kiri Industries SENSEX Price Data (30th June, 2020) INR Shareholding Pattern as on 30th June, 2020 Face Value 10.0 Public 32% Market Pri
Slide 21: Disclaimer
19 Disclaimer Kiri Industries Limited Disclaimer: The information contained in this presentation is only current as of its date. All actions and statements made herein or otherwise shall be subject to the applicable laws and regulations as amended from time to time. There is no representation that a
Slide 22: Thank You
THANK YOU