Kiri Industries Limited · NSE:KIRIINDUS
Kiri Industries — Q2 FY2023 Earnings Presentation
22 slides from Kiri Industries's earnings presentation, Nov 9, 2022
Slide 1: Submission letter to stock exchanges for Q2-FY23 earnings presentation
November 09, 2022 To, To, BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, Bandra Kurla Complex, Dalal Street, Mumbai- 400 001 Bandra (E), Mumbai - 400 051 Scrip Code: 532967 Scrip ID - KIRIINDUS Dear Sir/Madam, Sub: Submission of Earnings Presentation
Slide 2: Q2/H1-FY23 Earnings Presentation
Q2/H1-FY23|EARNINGS PRESENTATION
Slide 3: Company Overview
Company Overview Consolidated Revenue Break-up (INR Mn) 6,339 6,499 3,801 8,650 2,560 6,607 5,792 2,631 • Established in 1998, Kiri Industries Limited (KIL), is based out of Gujarat and has emerged as one of FY20 FY21 FY22 H1-FY23 the largest manufacturers and exporters of a wide range of Dyes, Dyes
Slide 4: About DyStar
About DyStar • The DyStar Group is a leading dyestuff and chemical manufacturer and solution provider, offering a broad portfolio of colorants, specialty chemicals, and services to customers across the globe. • With a heritage of more than a century in product development and innovation for the text
Slide 5: History
History 1995 2002 2007 2012 2016 DyStar was founded in 1995 as a FOUNDATION ACQUISITION: ACQUISITION: FOUNDATION: ACQUISITION: JOINT Color Texanlab Sustainable Emerald joint venture between Hoechst AG VENTURE OF: Solutions Textile Performance and Bayer Textile Dyes. In 2000, the Bayer AG and Interna
Slide 6: Financial Highlights
Financial Highlights Q2-FY23 Financial Highlights (Consolidated) Q2-FY23 Financial Highlights (Standalone) Operational Operational EBITDA* EBITDA Margin* EBITDA EBITDA Margin Revenue Revenue INR (71) Mn NA INR (319) Mn NA INR 2,422 Mn INR 1,407 Mn Net Profit* PAT Margin* Diluted EPS Net Profit PAT M
Slide 7: Q2-FY23 Operational Highlights
Q2-FY23 Operational Highlights Consolidated: Global business environment has become susceptible to Russia-Ukraine War for more than 34 weeks. Additionally, China recently announced New Covid-Zero measures wherein 28 Cities are implementing varying degrees of lockdown, which made global Dyes and Dyes
Slide 8: Update on DyStar court case in Singapore
Update on DyStar court case in Singapore The Supreme Court of Singapore (Court of Appeal) has given judgement dated 6 July, 2022 in SIC4, Kiri has prevailed on the issues in the Supreme Court with regards to 19% Discount for lack of marketability (DLOM) and the quantum of the licence fee for wrongfu
Slide 9: Q2/H1-FY23 Financial Highlights
Q2/H1-FY23 FINANCIAL HIGHLIGHTS 8
Slide 10: Q2-FY23 Standalone Income Statement
Q2-FY23 Standalone Income Statement PARTICULARS (INR Mn) Q2-FY23 Q2-FY22 Y-o-Y Q1-FY23 Q-o-Q Revenue from Operations 1,407 2,633 (46.6)% 1,714 (17.9)% Total Expenses 1,726 2,633 (34.4)% 2,032 (15.1)% EBITDA (319) 0 NA (318) NA EBITDA Margins (%) NA NA NA NA NA Other Income 1 4 (75.0)% 151 (99.3)% De
Slide 11: H1-FY23 Standalone Income Statement
H1-FY23 Standalone Income Statement PARTICULARS (INR Mn) H1-FY23 H1-FY22 Y-o-Y Revenue from Operations 3,121 4,628 (32.6)% Total Expenses 3,759 4,665 (19.4)% EBITDA (638) (37) NA EBITDA Margin(%) NA NA NA Other Income 153 8 NA Depreciation 221 218 1.4% Finance Cost 24 20 20.0% PBT (730) (267) NA Tax
Slide 12: Q2-FY23 Consolidated Income Statement
Q2-FY23 Consolidated Income Statement PARTICULARS (INR Mn) Q2-FY23 Q2-FY22 Y-o-Y Q1-FY23 Q-o-Q Revenue from Operations 2,422 3,579 (32.3)% 2,767 (12.5)% Total Expenses 2,493 3,300 (24.5)% 2,852 (12.6)% EBITDA (71) 279 NA (85) NA EBITDA Margins (%) NA 7.80% NA NA NA Other Income 2 5 (60.0)% 1 NA Depr
Slide 13: H1-FY23 Consolidated Income Statement
H1-FY23 Consolidated Income Statement PARTICULARS (INR Mn) H1-FY23 H1-FY22 Y-o-Y Revenue from Operations 5,188 6,507 (20.3)% Total Expenses 5,344 6,027 (11.3)% EBITDA (156) 480 NA EBITDA Margins (%) NA 7.38% NA Other Income 3 9 (66.7)% Depreciation 245 255 (3.9)% Finance Cost 26 21 (23.8)% PBT (424)
Slide 14: Historical Financials
Kiri Industries Limited Fienre fall of Colonie HISTORICAL FINANCIALS
Slide 15: Historical Standalone Income Statement
Historical Standalone Income Statement PARTICULARS (INR Mn) FY20 FY21 FY22 H1-FY23 Revenue from Operations 9,690 6,892 11,368 3,121 Total Expenses 8,729 6,901 11,054 3,759 EBITDA 961 (9) 314 (638) EBITDA Margins (%) 9.92% NA 2.76% NA Other Income 41 20 18 153 Depreciation 366 390 436 221 Finance Cos
Slide 16: Standalone Balance Sheet
Standalone Balance Sheet PARTICULARS (INR Mn) FY21 FY22 H1-FY23 PARTICULARS (INR Mn) FY21 FY22 H1-FY23 Equity 6,346 6,250 5,532 Non Current Assets 8,098 8,117 7,912 Equity Share Capital 336 518 518 a) Property, Plant and Equipment 5,189 5,062 4,907 Other Equity 6,010 5,732 5014 b) Other Intangible a
Slide 17: Historical Consolidated Income Statement
Historical Consolidated Income Statement PARTICULARS (INR Mn) FY20 FY21 FY22 H1-FY23 Revenue from Operations 13,054 9,570 14,969 5,188 Total Expenses 11,193 8,744 13,756 5,344 EBITDA 1,861 826 1,213 (156) EBITDA Margins (%) 14.26% 8.63% 8.10% NA Other Income 53 22 20 3 Depreciation 444 461 502 245 F
Slide 18: Consolidated Balance Sheet
Consolidated Balance Sheet PARTICULARS (INR Mn) FY21 FY22 H1-FY23 PARTICULARS (INR Mn) FY21 FY22 H1-FY23 Equity 21,844 25,726 26,862 Non Current Assets 21,580 24,949 26,412 Equity Share Capital 336 518 518 a) Property, Plant and Equipment 5,591 5,430 5,264 Other Equity 21,508 25,208 26,344 b) Other
Slide 19: Consolidated Financial Highlights
Consolidated Financial Highlights Operational Revenue (INR Mn) EBITDA (INR Mn)* & PAT (INR Mn)* & PAT Margins (%)* EBITDA Margins (%)* 1,861 1,157 14,969 13,054 1,213 8.86% 529 9,570 826 218 14.26% 2.28% 3.53% 5,188 8.63% 8.10% FY20 FY21 FY22 H1-FY23 -10.14% FY20 FY21 FY22 H1-FY23 -526 -3.01% FY20 F
Slide 20: Capital Markets
Capital Markets Stock Market Performance (as on 30th September, 2022) 15% 10% 5% 0% -5% -10% -15% -20% Oct-21 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 Apr-22 May-22 Jun-22 Jul-22 Aug-22 Sep-22 Kiri Industries Ltd. Sensex Price Data (As on 30th September, 2022) INR Shareholding Pattern (As on 30th Septembe
Slide 21: Disclaimer
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 all
Slide 22: Thank You
Kiri Industries Limited Fienre fall of Colonie THANK YOU