Kiri Industries Limited · NSE:KIRIINDUS
Kiri Industries — Q2 FY2020 Earnings Presentation
28 slides from Kiri Industries's earnings presentation, Nov 13, 2019
Slide 1: Kiri Industries Limited
CD Kiri Industries Limited ~ (i:a 0{- C3'~ UY. .... November 12, 2019 To, To, BsE Limited National Stock Exchange of India Limited 1st Floor, Rotunda Building, Exchange Plaza, Bandra Kuria Complex, B.S. Marg, Fort, Mumbai - 400 001 Bandra (E), Mumbai - 400 051 Scrip Code: S32967 Scrip 10 - KIRIINOUS
Slide 2: Earnings Con-Call Invite
EARNINGS CON-CALL INVITE VALOREM ADVISORS is pleased to invite you for a Conference Call to discuss H1 / Q2-FY20 earnings of on Wednesday 13th November, 2019 at 2:00 pm Kiri Industries Limited’s Management will be represented by: Mr. Manish Kiri – Managing Director Mr. Jayesh Hirani – Senior Manager
Slide 3: H1 / Q2-FY20 Earnings Presentation
Kiri Industries Limited H1 / Q2-FY20|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 4,629 wide range of Dyes, Dyes Intermediates and 3,681 4,879 Basic Chemicals from India
Slide 5: About DyStar
3 About DyStar Total Revenue (USD Mn) KIL acquired Dystar in 2010, along with Zhenjiang 1,129 1,016 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 chemical
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: H1 / Q2-FY20 Financial Highlights
5 H1 / Q2-FY20 Financial Highlights Q2-FY20 Financial Highlights (Standalone) Q2-FY20 Financial Highlights (Consolidated) • Operational Revenue: INR 2,516 Mn • Operational Revenue: INR 3,256 Mn • EBITDA: INR 249 Mn • EBITDA: INR 518 Mn • EBITDA Margin: 9.90% • EBITDA Margin: 15.90% • Net Profit: INR
Slide 8: Q2-FY20 Operational & Financial Highlights
6 Q2-FY20 Operational & Financial Highlights • The general market slow down driven by textile industry have effectively reduced prices in the dyes and dyestuff industry by around 15% to 20% and hence the sales revenues have been impacted during the current quarter. • The pricing pressure has also in
Slide 9: Q2-FY20 Operational & Financial Highlights
7 Q2-FY20 Operational & Financial Highlights Consolidated • The consolidated revenues have dropped by around 11% and earnings before interest depreciation, tax and amortization in value terms have reduced by 15% in Q2-FY20 as compared to the previous quarter but EBIDTA margins are maintained at arou
Slide 10: Update on Kiri's suit in the matter of DyStar
8 Update on Kiri’s suit in the matter of DyStar • As per directions of Singapore International Commercial Court (“SICC”) hearing of Case SIC-3 (DyStar suit against Kiri) for assessment of damages to DyStar on account of solicitation of customers of DyStar in Morocco and Sri Lanka was fixed on Octobe
Slide 11: H1 / Q2-FY20 Financial Highlights
H1 / Q2-FY20 Financial Highlights
Slide 12: Q2-FY20 Standalone Income Statement
10 Q2-FY20 Standalone Income Statement PARTICULARS (INR Mn) Q2-FY20 Q2-FY19 Y-o-Y Q1-FY20 Q-o-Q Revenue from Operations 2,516 2,828 (11.0)% 2,782 (9.6)% Total Expenses 2,267 2,341 (3.2)% 2,402 (5.6)% EBITDA 249 487 (48.9)% 380 (34.5)% EBITDA Margin(%) 9.90% 17.22% (732) Bps 13.66% (376) Bps Other In
Slide 13: Q2-FY20 Standalone Financial Highlights
11 Q2-FY20 Standalone Financial Highlights Operational Revenue (INR Mn) EBITDA (INR Mn) 2,828 487 2,516 249 Q2-FY19 Q2-FY20 Q2-FY19 Q2-FY20 PAT (INR Mn) EBITDA Margin & PAT Margin 409 17.22% 14.46% 9.90% 129 5.13% Q2-FY19 Q2-FY20 Q2-FY19 Q2-FY20 EBITDA (%) PAT (%)
Slide 14: H1-FY20 Standalone Income Statement
12 H1-FY20 Standalone Income Statement PARTICULARS (INR Mn) H1-FY20 H1-FY19 Y-o-Y Operational Income 5,298 5,232 1.3% Total Expenses 4,670 4,325 8.0% EBITDA 628 907 (30.8)% EBITDA Margin (%) 11.85% 17.34% (549) Bps Other Income 8 9 (11.1)% Depreciation 173 126 37.3% Finance Cost 22 21 4.8% PBT 441 7
Slide 15: H1-FY20 Standalone Financial Highlights
13 H1-FY20 Standalone Financial Highlights Operational Revenue (INR Mn) EBITDA (INR Mn) 907 5,298 5,232 628 H1-FY19 H1-FY20 H1-FY19 H1-FY20 PAT (INR Mn) EBITDA Margin & PAT Margin 760 17.34% 11.85% 14.53% 388 7.32% H1-FY19 H1-FY20 H1-FY19 H1-FY20 EBITDA (%) PAT (%)
Slide 16: Q2-FY20 Consolidated Income Statement
14 Q2-FY20 Consolidated Income Statement PARTICULARS (INR Mn) Q2-FY20 Q2-FY19 Y-o-Y Q1-FY20 Q-o-Q Revenue from Operations 3,256 3,730 (12.7)% 3,664 (11.1)% Total Expenses 2,738 3,001 (8.8)% 3,046 (10.1)% EBITDA 518 729 (28.9)% 618 (16.2)% EBITDA Margin 15.90% 19.54% (364) Bps 16.87% (97) Bps Other I
Slide 17: Q2-FY20 Consolidated Financial Highlights
15 Q2-FY20 Consolidated Financial Highlights Operational Revenue (INR Mn) EBITDA (INR Mn) 3,730 729 3,256 518 Q2-FY19 Q2-FY20 Q2-FY19 Q2-FY20 PAT (INR Mn) EBITDA Margin & PAT Margin 539 19.54% 341 15.90% 14.45% 10.47% Q2-FY19 Q2-FY20 Q2-FY19 Q2-FY20 EBITDA (%) PAT (%)
Slide 18: H1-FY20 Consolidated Income Statement
16 H1-FY20 Consolidated Income Statement PARTICULARS (INR Mn) H1-FY20 H1-FY19 Y-o-Y Operational Income 6,920 7,061 (2.0)% Total Expenses 5,784 5,659 2.2% EBITDA 1,136 1,402 (19.0)% EBITDA Margin 16.42% 19.86% (344) Bps Other Income 12 11 9.1% Depreciation 218 170 28.2% Finance Cost 23 26 (11.5)% PBT
Slide 19: H1-FY20 - Consolidated Financial Highlights
17 H1-FY20 - Consolidated Financial Highlights Operational Revenue (INR Mn) EBITDA (INR Mn) 7,061 6,920 1,402 1,136 H1-FY19 H1-FY20 H1-FY19 H1-FY20 PAT (INR Mn) EBITDA Margin & PAT Margin 1,045 19.86% 734 16.42% 14.80% 10.61% H1-FY19 H1-FY20 H1-FY19 H1-FY20 EBITDA (%) PAT (%)
Slide 20: Historical Financials
> NP HISTORICAL FINANCIALS
Slide 21: Standalone Income Statement
19 Standalone Income Statement PARTICULARS (INR Mn) FY16** FY17** FY18 FY19 H1-FY20 Revenue from Operations 9,557 10,335 9,013 10,619 5,298 Total Expenses 8,733 9,059 7,712 9,055 4,670 EBITDA 824 1,276 1,301 1,564 628 EBITDA Margin 8.62% 12.35% 14.43% 14.73% 11.85% Other Income 79 20 33 28 8 Depreci
Slide 22: Standalone Balance Sheet
20 Standalone Balance sheet PARTICULARS (INR Mn) FY18 FY19 H1-FY20 PARTICULARS (INR Mn) FY18 FY19 H1-FY20 Equity 5,109 6,307 6,620 Non Current Assets 5,554 6,922 7,476 Equity Share Capital 302 313 336 a) Property, Plant and Equipment 3,485 4,290 4,679 Other Equity 4,807 5,994 6,284 b) Other Intangib
Slide 23: Consolidated Income Statement
21 Consolidated Income Statement PARTICULARS (INR Mn) FY16** FY17** FY18 FY19 H1-FY20 Revenue from Operations 11,119 11,983 11,352 13,938 6,920 Total Expenses 9,880 10,393 9,542 11,628 5,784 EBITDA 1,239 1,590 1,810 2,310 1,136 EBITDA Margin (%) 11.14% 13.27% 15.94% 16.57% 16.42% Other Income 13 24
Slide 24: Consolidated Balance Sheet
22 Consolidated Balance sheet PARTICULARS (INR Mn) FY18 FY19 H1-FY20 PARTICULARS (INR Mn) FY18 FY19 H1-FY20 Equity 14,047 15,673 16,862 Non Current Assets 14,286 15,673 16,722 Equity Share Capital 302 313 336 a) Property, Plant and Equipment 4,033 4,769 5,131 Other Equity 13,745 15,360 16,526 b) Oth
Slide 25: Consolidated Financial Highlights
23 Consolidated Financial Highlights Total Revenue (INR Mn) EBITDA (INR Mn) & PAT(INR Mn) & PAT 13,938 EBITDA Margins (%) Margins(%) 11,983 11,352 11,119 15.94% 16.57% 13.27% 11.14% 11.16% 11.31% 9.14% 2.49% 1,239 1,590 1,810 2,310 257 1,095 1,267 1,576 FY16 FY17 FY18 FY19 FY16 FY17 FY18 FY19 FY16 F
Slide 26: Capital Markets
24 Capital Markets Share Price Data as on 30th September 2019 40% 30% 20% 10% 0% -10% -20% -30% Oct-18 Nov-18 Dec-18 Jan-19 Feb-19 Mar-19 Apr-19 May-19 Jun-19 Jul-19 Aug-19 Sep-19 Kiri Sensex Price Data (30th September, 2019) INR Shareholding Pattern as on 30th September, 2019 Face Value 10.0 Market
Slide 27: Disclaimer
25 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 28: Thank You
THANK YOU