Ifb Industries Ltd · NSE:IFBIND
Ifb Industries — Q4 FY2021 Earnings Presentation
32 slides from Ifb Industries's earnings presentation, Jun 21, 2021
Slide 1: Investors Presentation and Conference call letter to stock exchanges
I lill3 IFll Industries lrmited CorPorate Office I Plot No.-lND-S, Sector-1 East Kolk4ta Township, Kolkata - 700 107 Telephone : (91) (33) 39U947519524 Fax : (91) (33) 39849676 21'tlune,202I Web : www.ifuindustries.com The Manager Department of Corporate Services Bombay Stock Exchange Ltd, Phiroze j
Slide 2: Financial Report Quarter and Year Ended 31st March 2021
nilll IFB lndustries Linrited Financial Report Quarter and \kar Ended 3l st Mardr, 2O2l ffi @0}q 'rtar'l-
Slide 3: Financial Track Record
Financial Track Record Revenue ({ in crore) Operating ProfitlEBDlTA ({ in crore} 250 fr 200 lv) iG, t00 FY FY FY FY FY 't 7-18 16-17 l8-19 I 9-20 20-21 50 I worvzr ! o+rvzr o FY FY FY FY FY 16-17 l7-18 l8-'t9 1 9-20 20-2"1 I rronvzr ! oarvzr Free Cash Flow ({ in crore) 5 s FY FY FY FY rY 15-17 l7-18
Slide 4: Q4 and YTD March 2021 key parameters
Parameters Q4 FY 2O2O-'II (? in crore) YTD 3l st March 2021 (( in crore) Total Revenue Reverrue fronr EBDITA T2,735.66 Operations {228.00 Jo,b <2.716.52 *73-lorc ".6 + 6.5o,i EBDITA hlet Profit lvlargin 0..,0 EP5 Margin 8.3 2.3oia {r 5.24 .320 bps - 120 5:r + I 20 lrps Accouriis Receivables lnventrr
Slide 5: Financial Review Q4
'- 'ffi !n anri'tagrF Fq;i*tmar&,adl Financial Review Q4 The Company has reported a total income of {805.56 crore, a growth of 64.40/o over the corresponding Quarter of the previous year. The EBDITA amount for the Quarler was (58.4O crore and margin was at 7"2olo during the 4th Quarter of VA2A-21 as
Slide 6: YTD period ended March 2021 and borrowings
YTD period ended March'21 4 The Company has reporred a total income of ?7,735.66 crore, a growth of 6.7Vo over the conesponding period of the previous year due to loss of operation in April and May 202O. EBDITA amount for the YTD period was ?228.O0 crore and margin stood at 8.i% as against 5.I% duri
Slide 7: Cash and bank balances; net debt free
Aparr from these prepayments, the residual old term loan amount of ?2.50 crore from DBS was cleared during the year and the principal amount of t3.'15 crore against the new DBS term loan, taken in Fy '20, was also paid off. These payouts brought down the term loan amount to ?192.23 crore as on 5'l M
Slide 8: Home Appliances Division: Market Conditions
Home Appliances Division Market Conditions 'As 2020 raged with the pandemic, the home appliances industry in lndia, as did many other sectors, faced unprecedented challenges. ' Exciting news of the arrival of multiple COVID-19 vaccines has helped restore consumers' confidence and revive the demand i
Slide 9: Home Appliances Division Business Update
The 4th Quarter revenue was affected, coupled with an increase in commodity prices, which resulted ln a lower 4 margin. We are also preparing to launch new 8 Kg models for the front loader category in the 2nd euarter of the next fiscal year. The new washer-dryer-refresher was launched in December'20
Slide 10: Automotive market and business update
. The vehicle scrapping policy will lead to an increase in the demand for 4-wheelers. 4 . The demand for commercial vehicles is expected to improve going forward as investments in infrastructure increase. Overall, the automotive segment is expected to do well in the coming Quarter. Business Update l
Slide 11: Home Appliances Division product categories
Horne Appliances 0ivision The Division's range of products covers both domestic and industrialapplication categories. The updates at the end of the 4th Quarter for each of the product categories are given below: . Front Loading Washing Machine The range addresses all customer needs and is differenti
Slide 12: Clothes Dryers, Dishwashers and Industrial Segment
. Clothes Dryers and Dishwashers Q4 The clothes dryer is no longer a seasonal product and its demand has been consistent over the last few euarters. This category will partially move to the washer dryer segment, post the ramp up of the Company! washer-dryer-refresher. Crowth in this category was rec
Slide 13: Microwave Ovens and Modular Kitchens
ilQ4 . Microwave Ovens IFB continues to be a dominant player in this category. The 4th Quarter volume was 74.6K as compared to 40.5K the previous year, thereby recording a significant growth of 84o/o. The budget for the Quafter (60K) was also exceeded. However, YTD grotuth was 896, which was affecte
Slide 14: Air Conditioners
. Air Conditioners 4 This category was affected by the COVID-I9 pandemic last year. We achieved a sales volume of 8l K in the fiscal year as compared to 90K in the previous year. This deficit was due to a complete washout in April and May '2O. However, sales in the 4th Quarter were significantly hig
Slide 15: Home Appliances Division Financial Report
Financial Report-Quarter and Year Ended j'lst March,2O2l {{ in crore) Q4 t',20-'21) Q4 {',l9-'20) YTD ('20-'21) YTD ('19-'2O) Revenue from Operations 658.55 580.66 2,244.17 2JA8.12 EBITDA 45"59 {1.54} 193.1 I 89.65 EBITDA o/o on Revenue 6"8 (0.4) 8.60 4.30 EBIT 74.77 (55.16) 120.08 2s"17 EBIT o/o on
Slide 16: Engineering Division 4th Quarter Sales
Engineering Division 4th Quarter Sales The Fine Blanking Division mainly caters to the automotive sector, both 2-wheelers and 79% 4-wheelers as well as the commercialvehicle I4-wheelers segment. The commercial vehicle segment I2-wheelers had a de-growti of (-)2s.86% (both LCV ffi Heavy Vehicles and
Slide 17: Engineering Division actions to improve revenue
However, the Fine Blanking Division experienced loss of sales due to shortage of steel as explained earlier, as well as a delay in shifting of operation from Whitefield to Malur due to the COVID-I9 pandemic This resulted in a delay of the installation of the machines imported from Japan and resulted
Slide 18: Motor Division
Motor Division The Motor Division is based in Bengaluru. lt started operations in 1995, producing motors for our washing machine plant in 6oa. ln 2019, the Motor Division acquired the Automotive Motor Division from IFB Automotive Private Limited and merged it witft its existing business, keeping in
Slide 19: Stamping Division
Stamping Division (t in crore) Revenue from 't3.12 10.24 39.71 I8.65 EBITDA o.8s I _38 3.6s 2.2s EBITDA 96 on Revenue 6.s 13.4 9.2 12.1 EBIT ("0:s4) (1:3O) (3.731 (1.42) EBIT % on Revenue (1 tesl (1.61 This Division was acquired from IFB Automotive in October '19, keeping in mind the operational syn
Slide 20: Stamping Division budget and April-May performance
Financial Beport-Quarter and Year Ended 31st Mardr, 2O21 The Stamping Division has budgeted a revenue of t75 crore in Fy '?1-'22. a ln April and May of FY '21-'22, against a revenue target of T.I2.58 crore, the Division has achieved only {6.05 crore, mainly due to- . Non-availability of raw material
Slide 21: Standalone Income Statement
STANDALONE INCOME STATEMENT QTR YTD {{ in crore) 31 Mar,'21 31Mar,'2O 3] Mar,'21 31 Mar,'20 Revenue from Operations 799.29 4e5.55 2,716.52 2,551.42 Total lncome 805.82 49O.O5 2,735.66 2,5il.18 EBDTTA (#) 58.40 s.97 228.00 13r.70 EBDITA Margin (Vo) 7.2 1"2 8.3 5.'l EBIT t#) 32.85 (35.81) 128.89 42.72
Slide 22: Standalone Balance Sheet
STANDALONE BAI-ANCE 5H EET (t in crore) 31 Mar,'2'l 31 Mar.'20 ASsETS Property, Plant and Equipment* 620.s9 578.29 lnvestment in Subsidiaries 47-90 33.60 lnvestment in Equity Shares 2.25 lnventories 45o.-62 373.37 lnvestment in Mutual Funds 2s8.22 152.80 Trade Receivables 243.50 185.14 Cash and Bank
Slide 23: Standalone Cash Flow Statement
4 STANDALONE CASH FLOW STATEMENT YTD ({ in crore} 3] Mar'21 31 Mar'2O Profit Before Tax 99.s4 29-74 Non Cash and other Adjustments 114.M 106.9s Operating Profit Before Wor*ing Capital Changes 215.98 r 36.65 Movement in Working Capital 79.60 38.16 Cash Generated from Operations 293.s8 174.A1 lncome T
Slide 24: Standalone Key Ratios
STANDALONE KEY RATIOS QTR YTD 31 Mar,'21 3l Mar,'20 3] Mar, '21 31 Mar,'20 Eamings Per share (ln t) (Not Annualised) 1.56 (4"51) 1s.24 6.91 Book value per share {ln t} 174.96 159.83 174.96 159.83 Curent Ratio (#) 1.39 1.58 1.39 r.58 Qui o.93 0.85 o.93 EBDITA/Total lncome 7.2 1.2 8.3 5.1 Net Profit M
Slide 25: Consolidated Highlights
4 CONSOLIDATED HI6HLICHTS (t in crore) Q4 ('20-'21) Q4 ('19-'20) Total lncome 832.14 510.91 Earning Before Depreciation, lnterest & Tax* 61.08 4.79 Eaming Before lnterest and Tax* 34.71 (37j61 Profit Before Tax" 29.95 {46.s21 Profit After Tax-Owners 7.71 (1e.4e) Profit After Tax-Non-controlling lnte
Slide 26: Subsidiaries: Trishan Metals Private Limited
Subsidiaries 4 IFB lndustries Limited, the Holding company, has two wholly owned subsidiaries, Trishan Metals Private Limited (TMPL)and GlobalAutomotive & Appliances fte l-td (CAAL), as well as one step-down subsidiary, ThaiAutomotive and Appliances Limited (TAAL). During the Quarter, your Company h
Slide 27: Global Automotive & Appliances Pte Ltd (GAAL)
GlobalAutomotive & Appliances Pte Ltd (CAAL) Q4 CAAL has expanded its operations to source electronic component suppliers. This is its third year of operation and CAAL has achieved a total revenue of $4-s= million and made a profit before tax of $0.14 million. Both revenue and profit were suppressed
Slide 28: Thai Automotive and Appliances Limited (TAAL)
Thai Automotive and Appliances Limited (TAAL) ({ in crore} Revenue 14.39 t 0.66 41.09 40"31 EBITDA 1,M 0.53 2.99 2.6r EBITDA 96 on Revenue 10.01 4.si - 7.28 6,47 EBIT o.8s 0.os 0.60 1.04 EBIT 9o on Revenue 4.47 '1.46 5.91 2.s8 During the 4th Quarter, the budgeted revenue achievement was 889o, an inc
Slide 29: Consolidated Income Statement
CONSOLIDATED INCOME STATEMENT 4 I QTR YTD (t in crore) 3l Mar,'21 31 Mar,'2O 3l Mar,'21 31 Mar,'2O Revenue From Operations 825.r6 506.92 2,8(x1.8O 2,636.97 Total lncome 832.14 5IO.9I 2,823.16 2,649"47 EBDITA* 61"o8 4.79 232.24 133.3r EBDITA Margin {9o) 7.3 0.9 8.2 5.0 EBIT" 34.77 (3v.761 r29.82 41.3
Slide 30: Consolidated Balance Sheet
CONSOLIDATED BALANCE SHEET (t in crore) 3l Mar,'21 3l Mar,'20 A55ETS Propefty, Plant and Equipment* 674.8s 634.43 lnvestment in Equity Shares 2.25 lnventories 462.2A 383.38 lnvestment in Mutual Funds 258.22 't 52.80 Trade Receivables 265.69 204.54 Cash and Bank Balances 123.27 125.42 Other Non-curre
Slide 31: Thank You
Thank You - . !i: i :f trjf This presentation contains statements rl:_l:-i.t which reflect the Management's current views and estimates l1 and may be construed as forward-looking in nature. The future -n.. involves certain risks and uncertainties that may cause actual results to differ materially fr
Slide 32: Contact: Prabir Chatterjee, Director and CFO
OVER 6 MITLION SATI$FIED CUSTOMEBS n Microware (hen Built in thsn 0islnaasher Chimney I Euilt in Hob Top bad Fmnt Load 100!6 Oothes Dryer Air Conditioner {*rtaet Prabir Chatterjee Director and Chief Financial Oficer Phone +91 53 39849475/9524 Mobile +9t 953164880219674686372 Fax +91 33 39849676 Emai