Kajaria Ceramics Limited · NSE:KAJARIACER
Kajaria Ceramics — Q3 FY20 Earnings Presentation
26 slides from Kajaria Ceramics's earnings presentation, Feb 10, 2020
Slide 1: Outcome of Board Meeting - Kajaria 30 Years of Transformation
30 Kajaria YEARS OF TRANSFORMATION February 10, 2020 BSE Limited The National Stock Exchange of India Ltd. P.J. Towers Exchange Plaza Dalal Street, Fort Bandra Kurla Complex Mumbai - 400 001 Bandra (E) Mumbai - 400 051 Dear Sir/Madam, Re.: Outcome of the Board Meeting and announcements pursuant to t
Slide 2: Auditor's Review Report on Standalone Results
Walker Chandiok & Co LLP Walker Chandiok & Co LLP (Formerly Walker, Chandiok & Co} L-41 Connaught Circus New Delhi 110001 India T +9111 4278 7070 F +9111 4278 7071 Independent Auditor’s Review Report on Standalone Unaudited Quarterly Financial Results and Yeat to Date Results of the Company Pursuant
Slide 3: Auditor's Review Report on Standalone Results (cont'd)
Walker Chandiok &Co LLP Independent Auditor’s Review Report on Standalone Unaudited Quarterly Financial Results and Year to Date 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.
Slide 4: Statement of Unaudited Standalone Financial Results
Kajaria STATEMENT OF UNAUDITED STANDALONE FINANCIAL, RESULTS. FOR TI JARTER AND NINE MONTHS ENDED 31 DECEMI {Zin crores, except per share data) Quarter ended Nine months ended Year ended PARFICULARS 31 December 2012 [30 September 2019] 31 December 2018 | 31 December 2019 | 31 December 2018 | 31 Marc
Slide 5: Notes to Standalone Financial Results
Kajaria Notes: 1 The above financial results have been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on 10 February 2020 and have undergone ‘Limited Review’ by the statutory auditors of the Company 2. The Board of Directors have declared int
Slide 6: Auditor's Review Report on Consolidated Results
Walker Chandiok &Co LLP Walker Chandiok & Co LLP (Formerly Walker, Chandiok & Co} L-4] Connaught Circus New Delhi 110001 india T491 14 4278 7070 F491 11 4278 7071 Independent Auditor’s Review Report on Consolidated Unaudited Quarterly Financial Results and Year to Date Results of the Company Pursuan
Slide 7: Auditor's Review Report on Consolidated Results (cont'd)
Walker Chandiok &Co LLP Independent Auditor’s Review Report on Consolidated Unaudited Quarterly Financial Results and Year to Date Results of Kajaria Ceracmis Limited pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) (cont'd) W
Slide 8: Annexure 1 - List of Entities Included
Walker Chandiok &Co LLP Independent Auditor’s Review Report on Consolidated Unaudited Quarterly Financial Results and Year to Date Results of Kajaria Ceracmis Limited pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) (cont'd) A
Slide 9: Statement of Unaudited Consolidated Financial Results
Kajaria STATEMENT OF UNAUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE ER AND NINE MONTHS ENDED 34 DECEMBE! (Zin crores, except per share data) Quarter ended Nine months ended Year ended PARTICUEARS: "Hi December 2019 [30 September 2019] 31 December 2018 | 31 December 2019 | 31 December 2018 [31 Marc
Slide 10: 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 10 February 2020 and have undergone ‘Limited Review’ by the statutory auditors of the Company 2. The Board of Directors have
Slide 11: Unaudited Consolidated Segment Wise Revenue, Results, Assets and Liabilities
AKajaria UNAUDITED CONSOLIDATED SEGMENT WISE REVENUE, RESULTS, ASSETS AND LIABILITIES FOR THE QUARTER AND NINE MONTHS ENDED 31 DECEMBER 2019 (@ in crores except per share data) Quarter ended Nine months ended Year ended PARTICULARS 31 December 2019 | 30 September 2019] 31 December 2018 | 31 December
Slide 12: Extract of Unaudited Consolidated Financial Results
AKajari. EXTRACT OF UNAUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER AND NINE MONTHS ENDED 31 DECEMBER 2019 (@ in crores, except per share data) Quarter ended Nine months ended Quarter ended Sr i No Particulars 341 December 2019 31 December 2019 31 December 2018 (Unaudited) (Unaudited) (Unau
Slide 13: Kajaria Ceramics Limited Investor Update - Q3 FY20
KAJARIACERAMICSLIMITED Investor Update – Q3 FY20 February 10, 2020 1/14
Slide 14: Content
Content Chairman’s Message Financial Performance – Q3 FY20 Balance sheet perspective Subsidiaries Income Statement Shareholding Pattern 2/14 Investor Update Q3 FY20
Slide 15: Chairman's Message
Chairman’s Message The demand environment for tiles in Q3FY20 continued to be sluggish led by sustained weakness in real estate sector and continued slowdown in the overall economy. With the liquidity concern prevailing in the market, the festive demand uptick was missing, impacting the sales volume
Slide 16: Tile Volume Data (consolidated)
Tile Volume Data (consolidated) Production Growth (MSM) - Q3 FY20 Production Growth (MSM) - 9M FY20 20 60 17.37 50.09 16.31 50 49.14 16 5.73 15.43 15.70 5.22 40 12 30 8 20 11.09 11.64 34.66 33.44 4 10 0 0 Q3 FY19 Q3 FY20 9M FY19 9M FY20 Own Manufacturing Subsidiaries Own Manufacturing Subsidiaries S
Slide 17: Revenue Growth - consolidated
Revenue Growth - consolidated Rs. / Crores 758.56 800 2140.89 2155.97 741.30 6.26 8.09 9.51 23.14 48.87 132.02 133.10 49.53 2000 113.51 Plywood 279.00 Plywood 118.98 369.22 600 Sanitary ware / Faucets Sanitary ware / Faucets 1500 485.73 173.92 167.34 451.21 Outsourcing (Tiles) Outsourcing (Tiles) 40
Slide 18: Profitability - Consolidated
Profitability - Consolidated Rs. / Crores 80 220 205.74 70 64.80 61.54 60 180 160.57 50 140 40 100 30 60 20 10 20 Q3 FY19 Q3 FY20 9M FY19 9M FY20 Refer Slide 12 for detailed Income Statement 6/14 Investor Update Q3 FY20
Slide 19: EBITDA / EBITDA Margin (consolidated) - quarterly progression
EBITDA / EBITDA Margin (consolidated) – quarterly progression 125 22% 122.94 120.83 20% 111.33 105.97 105.23 100 18% Rs./ Crores 16% 15.93% 15.08% 15.14% 15.02% 75 14.72% 14% 12% 50 10% Q3 FY19 Q4 FY19 Q1 FY20 Q2 FY20 Q3 FY20 EBITDA (Rs. / Crores) EBITDA Margin (%) 7/14 Investor Update Q3 FY20
Slide 20: Key Ratios (consolidated): Net Debt
Key Ratios (consolidated)*………… Net Debt (Rs. Crore) * Net Debt Equity (X) * 0.20 200 161 0.13 0.10 100 0.06 88 0 0.00 Mar-17 Mar-18 Mar-19 Dec-19 Mar-17 Mar-18 Mar-19 Dec-19 -100 -0.08 -0.10 -0.10 -132 -186 -200 -0.20 * Net of cash and cash equivalents 8/14 Investor Update Q3 FY20
Slide 21: Key Ratios (consolidated): Working Capital and ROE
Key Ratios (consolidated) Working Capital Cycle (days) Return on Equity (Avg.) 80 35 65 60 58 60 25 46 23.58 40 18.61 16.64 15 15.49 20 0 5 Mar-17 Mar-18 Mar-19 Dec-19 Mar-17 Mar-18 Mar-19 Dec-19 • Working capital days’ excludes capex creditors and cash, cash equivalent & bank balance. • ROE as on 3
Slide 22: Subsidiaries
Subsidiaries A. JAXX VITRIFIED Jaxx Vitrified is based in Morbi (Gujarat). Kajaria has 87.37% stake in the same. Jaxx has combined annual capacity of 10.20 MSM of polished vitrified tiles comprising 2 plants. Jaxx has operated at full capacity during Q3 FY20. B. VENNAR CERAMICS Vennar is based in Vi
Slide 23: Subsidiaries
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. The plant has operated at 87% capacity
Slide 24: Income Statement - Financial highlights
Income Statement Financial highlights (Rs / Crores) Q3 FY20 Q3 FY19 Growth 9M FY20 9M FY19 Growth Standalone Consolidated Standalone Consolidated Standalone Consolidated Standalone Consolidated Standalone Consolidated Standalone Consolidated Net Sales 677.64 741.30 700.20 758.56 -3% -2% 1968.74 2155
Slide 25: Shareholding Pattern
Shareholding Pattern As on 31st Dec. 2019 Equity Shares Outstanding – 158.95 millions Shareholding Public / Others 15.10% NRI's 0.49% Promoters 47.58% FIs /FPIS / Mutual Funds 36.83% 13/14 Investor Update Q3 FY20
Slide 26: About Us
About Us Kajaria Ceramics is the largest manufacturer of ceramic/vitrified tiles in India and the 9th largest in the world. It has an annual capacity of 73.00 mn. sq. meters presently, distributed across eight plants - one in Sikandrabad in Uttar Pradesh, one in Gailpur and one in Malootana in Rajas