Ifb Industries Ltd · NSE:IFBIND
Ifb Industries — Q3 FY2021-22 Earnings Presentation
31 slides from Ifb Industries's earnings presentation, Feb 7, 2022
Slide 1: Investors Presentation and Conference call intimation letter
lilIl If,ill Industries Limited Csporab Office a 7th lrebruary,2022 Plot No.-|ND'S, Sector-1 East Calcutta Township,Kolkata-700 1 07 Telephone : (91 ) (33) 3584947 519524 ' The Manager Fax: (91) (33) 39849676 Web : www. ifbindustries'com Department of Corporate Services Bombay Stock lixchange Ltd, P
Slide 2: Financial Report Quarter Ended 31st December 2021
IIillr IFB lndustries Umited Financial Report atnrten Ended Slst neoenfier,2t)21 I tr3 t- 't "--. tll,* I * I -s-5- - I {iltu ffi 0olq (
Slide 3: Financial Track Record
Financial Track Record 5 Revenue {t in crore) Operating Profit/EBDITA (t ln crore) t20 10s 90 75 60 4s 30 ls o FY FY FY FY FY FY FY FY FY FY '1 7-'lA '1 8:-'1 9 "t9-'20 '20-'2t '21-'22 '17-'18 'r8-'19 '19-20 '20-'21 21-22 Iq: {- q: Free Cash Flow 9 Months Dec {? in crore) 5m 250 2@ r50 lm 50 0 -50 -
Slide 4: Parameters Q3 FY 2021-2022
Parameters Q3 FY 2021-2022 {? in crore} Note Crorarthldegrorrrth have been calculated in comparison with last year. losl
Slide 5: Financial Review Q3
Financial Report-Quarter Ended 31st Decenfier, 2O2l Financial Review Q5 a (t in crore) Q3 (FY',2r-221 Q3 (FY'2O-"1) YTD (ry ',Z",-',221yTD (Fy 20-2I) Revenue from Operations 977.91 922.19 2,433"28 1,917 "24 EBITDA 30.01 1 14"02 74.O4 r 69.62 EBITDA o/o on Revenue 3.25 i2.36 3.04 g.g5 EBT (6.5s) 7s.4
Slide 6: EBITDA and Balance Sheet borrowings
EBITDA amount for the Quarter was {jO crore as against il l4 crore during the coresponding period of the last year. This was for the following reasons: ' Material cost increase on account of hike in commodity prices which has not been passed through. . lncrease in operating expenditures. Balance She
Slide 7: Cash balances and market conditions
Against the aforesaid bonowing, as on December 31,2021, our Cash and Bank Balances (including investments in Mutual Funds) were ?318.94 crore. Hence, the Company remained debt free on a net basis as on the last day of Quarter 3 of FY 21-22. This is the break up: Break-up of cash & bank balances (inc
Slide 8: Market Conditions: Home Appliances Division
trffi 1-t ' Supply chain pressure on commodity priclng and electronic component pipelines remain and the upward trend of trre commodity prices remains in Q+. There are projects internally ongoing to mitigate the impact of the cost increases which will be completed by Q1 of the next financial year. '
Slide 9: Home Appliances product range and IFB Points
ln Q3, the product range in the market was expanded by the company. ln Front Loaders, the company upgraded all its models with a Steam feature, which helps in hygienic washing. Top Loader models with in-built heater options were ramped up in placements. ln the industrial segment" a new set of washer
Slide 10: Business Updates: Engineering Division
Business Updates Engineering Division: ln Q3, sales were dampened in the Automotive mar.ket . semi conductor shortages severely affected the 4w segment from July onwards. . High end 2W segment was also affected due to chip shorrage. ' Though steel prices softened a bit in this Quarter" OEM-increased
Slide 11: Range of Products (Home Appliances Division)
RANGE OF PRODUCTS (Home Appliances Division) 3 The Division's range of products covers both domestic and industrial application categories. The updates at the end of the 5rd Quarter for each of the product categories are given below: . Front Load Washing Machine The range addresses all unique custom
Slide 12: Top Load Washing Machine, Dryers and Dishwashers
. Top Load Washing Machine Existing models and new models with 'ln-built heaters', which are uniquely differentiated in the 6.5 to l1 Kg segments, have been well received in the market- The Company ensured that these models were made available for placement and sale across all market channels, thoug
Slide 13: Laundry segment and export business
ln the Laundry segment, the 1 1 Kg variants which we launched in the 2nd Quarter, has started giving a very good response in the market- We have received bulk orders from major educational institutes. The Company continues to enjoy dominant market share across all customer segments, including Defenc
Slide 14: Built-in Ovens, Chimneys, Hobs and Air Conditioners
. Built-in Ovens, Chimneys and Hobs The Kitchen Appliances built-in segment has seen significant value growth of 56% for the period April to December 202'1, as compared to last year. ln terms of product placement, we are alming to place this product on 750 MBO counters by end of the 4th Quarter of t
Slide 15: Financial Summary of Home Appliances Division
Financial Summary of Home Appliances Oivision (t in crore) Revenue from 764.67 767.95 1,992.47 1,60s"85 EBITDA 25.68 96.24 55.17 149.79 EBITDA 9b on Revenue 3.lo 12.s3 2.77 9.35 EBT 71.s0 {2s.13) 76.9s .(-5,98)- EBT % on Revenue (0.sr ) 9.3'l (1.26) 4.79 ROCE % 2.81 M.s4 (o.77) 19_49 There was margi
Slide 16: Financial Summary of Engineering Division
Financial Summary of Engineering Division (? in crore) Revenue from Operations 1s0.08 145.74 416.s6 294.72 EBITDA r 4.40 21.67 N.31 31.47 EBITDA 96 on Revenue 9.s9 14.76 9.68 '10.68 EBT 2.s8 11.72 6.76 s.28 EBT % on Revenue 1.72 7.98 1.62 1.79 ROCE % 6.60 19.81 s.86 6.49 ' Quarter 5 revenue marginal
Slide 17: Financial Summary of Stamping Division
Financial Summary of Stamping Division (? in crore) Revenue from Operations 14.s0 12.74 39.92 25.sI EBITDA 1.65 1.s2 3.92 2.80 EBITDA 96 on Revenue 11.21 11.92 9.81 10.97 EBT (0.2s) (0.56) {1.62) (2.80) EBT % on Revenue (4 Revenue recorded growth of l4% in Q3. Turnover was below expectation due to d
Slide 18: Aftermarket and Motor Division summary
Financial Summary of Afuer Market Division 3 {t in crore) Revenue from Operations 26.0s 17.0s 5s.24 39.17 EBITDA 1.01 (0.07) o.26 (o.1e) EBITDA 96 on Revenue 3.87 1 o.47 EBT 0.92 (0.17) 0.oo {o.4e} EBT % on Revenue 3.s4 0.00 1.V Revenue for the Quarter improved over last year. As a result, margins i
Slide 19: Financial Summary of Automotive Motor Division
Financial Summary of Automotive Motor Division (t in crore) Revenue from Operations 10.86 12.65 5l.so 21.s9 EBITDA (r.o4) o,04 (2.e8) (r.s5) EBITDA 96 on Revenue (e.62) o.s4 (e.48) {7.r 1) (14.18)__ 114.241 EBT (r.s5) (o.78) __L4,9)_ F.qz),, EBT % on Revenue (r4.os) (6.1 6) . Sales declined as compa
Slide 20: Subsidiaries: Trishan Metals Private Limited
Subsidiaries IFB lndustries Limited, the Holding company, has two wholly owned subsidiaries-Trishan Metals private Limited (TMpL) and GlobalAutomotive and Appliances Pte Ltd (CAAL), as well as one step-down subsidiary Thai Automorive and Appliances Limited {TAAL). Trishan Metals Private Limited (? i
Slide 21: Thai Automotive & Appliances Limited
A plan has been prepared to increase the Plant capacity to 2,500 MT per month at a Capex of around t22 crore from 3 the existing 1,400 MT. Modemisation in plant and equipment will be undertaken to reduce the generation of scrap and eliminate quality issues, which should result in a higher margin. lm
Slide 22: Global Automotive & Appliances Pte Ltd
GAAL 3 (? in crore) Revenue from ons 9_92 1s.17 28.70 2s.38 EBITDA Q.67 (o.o6) 2.62 0.13 EBITDA 96 on Revenue 6.7s (O.,1O) 9.15 0.sl EBT 4.67 (o-o6) 7.62 o.l3 EBT % on Revenue 6.75 9.13 0.st GlobalAutomotive & Appliances Pte Ltd (6AAL) CAAL has expanded its operations to source electronic components
Slide 23: Standalone Income Statement
3 STANDALONE INCOME STATEMENT QTR YTD ({ in crore) 3l Dec, '2"i 31 Dec, '20 3'l Dec, '21 5l Dec, '20 Total Sale of Products I,l50.lo 'r,138.o7 2992.8I 2334.O7 Less: Trade Scheme and Discounts 2662A 249.17 671.A2 soo.82 Net Sales 883.90 888.90 2''21.79 1855"20 - Sale of Services 72.47 20.42 65.18 58-
Slide 24: Standalone Balance Sheet
STANDALONE BALANCE SHEET (t in crore) 31 Dec, '21 31 Dec,'20 Property, Plant and Equipment* 666.44 606.92 lnvestment in Subsidiaries 47-90 47.90 lnvestment in Equity Shares 225 lnventories sffi.27 397.70 lnvestment in Mutual Funds 236.52 339.41 Trade Receivables 265.59 232.12 Cash and Bank Balances
Slide 25: Standalone Key Ratios
5 STANDALONE KEY RATIOS QTR YTD 3l Dec, '21 5l Dec,'2O 3l Dec,'21 51 Dec'20 Eamings Per Share (ln t) {Not Annualised) (1.o4) 16,37 (s.4s) 13.68 Book Value per Share {ln {) 168.68 172,60 168-68 r 72.60 Current Ratio {#) r.23 1.39 1.23 r.39 Ratio o.94 EBDITA/Total lncome {9o) 3.2 12.3 3-O 8.8 Net Prof
Slide 26: Standalone Cash Flow Statement
3 STANDALONE CASH FLOW STATEMENT (t in crore) Nine Month Ended 31 Dec, '2-l 31 Dec, '20 CASH FLOWS FROM OPERATINC ACTIVITIES Profrt Before Tanr (32.451 71.23 Non-Cash and Other Adjustments 96.90 96.86 Operating Profit Before Wor*ing Capital Changes il.45 r68.09 Movement in Wo*ing Capital 25-VA 742.4
Slide 27: Consolidated Highlights
3 CONSOLI DATED HICHLIGHTS {? in crore) Q3 ('21-'22) Q3 ('20-'21) Total lncome 958.'t1 960_45 Eaming Before Depreciation, lnterest & Tax 32"O5 r 16.70 Eaming Before lnterest and Tax 2.79 90.o0 Profit Before Tax (s.31) 80.79 Profit After Tax-Owners (3.2r ) 68.66 Profit After Tax-Non-controlling lnter
Slide 28: Consolidated Income Statement
3 CONSOLIDATED INCOME STATEMENT QTR (? in crore) 51 Dec,'2.l 31 Dec,'20 Revenue from operations 953.12 9so.99 Total lncome 95&rt 960.4s EBDITA 5?.Os 1 r 6.70 EBDITA Margin (9o) 5.35 12.15 EBIT 2.79 90.oo EBIT Margin (9o) o.3 9.4 Profit Before Tax (53r1 80.79 Profit After Tax (5zrl 71.24 Attributable
Slide 29: Consolidated Balance Sheet
3 CONSOLIDATED BALANCE SHEET ({ in crore} 31 Dec,'21 3l Mar,'21 AS5HTs Properlry, Plant and Equipment* 719-85 674.83 lnvestment in Equity Shares 2.25 7.25 Inventories 591.66 462.28 lnvestment in Mutual Funds 236.62 254.22 Trade Receivables 287.39 265.69 Cash and Bank Balances 91.82 '173-27 Other Non
Slide 30: Thank You
Financial Report-Quarter Ended 3lst December; 2021 Thank You a Thi s p re se ntati on co ntai ns stctements which reflect the 1.. -' Manage m ent's cu ne nt v iew s and estimates ond may be construed as f orwardlaoki ng in nature. The future involves c.ertain risk and uncertainties thct may cause ac
Slide 31: Contact
ovEB 6 Mlttl0N **,sFrEDcusro'E*s Microwavs then Buih in ften llishwchs ChimnE I Buih in Hob Top brd Front load 100!( Ootlx Dryer Ah Conditionsr Contact Prabir Chatterjee Direnor and Chief Financial fficer Phone +91 33 3984947s19524 Mobile +91 95316488A219674686372 Fax +91 33 398496V6 Email probircha