Kiri Industries Limited · NSE:KIRIINDUS
Kiri Industries — H1 FY2022 Earnings Presentation
24 slides from Kiri Industries's earnings presentation, Nov 13, 2021
Slide 1: Intimation of Conference Call and Q2-FY22 Earnings Presentation
CD Kiri Industries Limited ~ {i:ft4- C'~..... November 13, 2021 To, To, BSE Limited National Stock Exchange of India Limited 1st Floor, Rotunda Building, Exchange Plaza, Bandra Kurla Complex, B.S. Marg, Fort, Mumbai - 400001 Bandra (E), Mumbai - 400051 Scrip Code: 532967 Scrip ID - KIRIINDUS Dear Si
Slide 2: Earnings Con-call Invite
Earnings Con-call Invite VALOREM ADVISORS is pleased to invite you for a Conference Call to discuss Q2-FY22 earnings of Kiri Industries Limited on Monday 15th November, 2021 at 2:00 pm (IST) Kiri Industries Limited’s Management will be represented by: Mr. Manish Kiri – Managing Director Mr. Jayesh H
Slide 3: H1/Q2-FY22 Earnings Presentation
H1/Q2-FY22|EARNINGS PRESENTATION
Slide 4: Company Overview
Company Overview Consolidated Revenue Break-up (INR Mn) 6,625 4,629 6,499 4,879 3,801 2,921 7,378 6,489 7,340 6,607 5,792 3,594 • Established in 1998, Kiri Industries Limited (KIL), is based out of Gujarat and has emerged as one of FY17 FY18 FY19 FY20 FY21 H1-FY22 the largest manufacturers and expor
Slide 5: 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 6: 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 7: Financial Highlights
Financial Highlights Q2-FY22 Financial Highlights (Consolidated) Q2-FY22 Financial Highlights (Standalone) Operational Operational EBITDA EBITDA Margin EBITDA EBITDA Margin Revenue Revenue INR 279 Mn 7.80% NA NA INR 3,579 Mn INR 2,633 Mn Net Profit PAT Margin Diluted EPS Net Profit PAT Margin Dilute
Slide 8: Q2-FY22 Consolidated Operational Highlights
Q2-FY22 Consolidated Operational Highlights Consolidated revenue for Q2-FY22 was reported at INR 357.87Cr, which represents an increase of 105% YoY, and consolidated net profit was INR 101.16Cr, a 124% increase YoY and on a QoQ basis the revenue increased by 22% and the Net Profit amounts to INR 12.
Slide 9: Q2-FY22 Standalone Operational Highlights
Q2-FY22 Standalone Operational Highlights Kiri’s standalone sales for Q2-FY22 amounts to INR 263.29 Cr which increased by 137% YoY basis and 32% QoQ basis. On a half yearly basis the revenue amounts to INR 462.8 Cr for H1-FY22 which increased by 158% Y-o-Y basis. There has been a significant reducti
Slide 10: Update on Dystar court case in Singapore
Update on Dystar court case in Singapore Kiri Industries Limited (Kiri) has been awarded valuation of US$ 481.60 Million for its 37.57% stake in DyStar Global Holdings Pte Ltd (DGH) on June 21, 2021, by Singapore International Commercial Court (SICC) which has been crystalized based on the financial
Slide 11: H1/Q2-FY22 Financial Highlights
H1/Q2-FY22 FINANCIAL HIGHLIGHTS 9
Slide 12: Q2-FY22 Standalone Income Statement
Q2-FY22 Standalone Income Statement PARTICULARS (INR Mn) Q2-FY22 Q2-FY21 Y-o-Y Q1-FY22 Q-o-Q Revenue from Operations 2,633 1,110 137.2% 1,995 32.0% Total Expenses 2,633 1,313 100.5% 2,032 29.6% EBITDA NA (203) NA (37) NA EBITDA Margin(%) NA NA NA NA NA Other Income 4 5 (20.0)% 4 NA Depreciation 109
Slide 13: H1-FY22 Standalone Income Statement
H1-FY22 Standalone Income Statement PARTICULARS (INR Mn) H1-FY22 H1-FY21 Y-o-Y Revenue from Operations 4,628 1,795 157.8% Total Expenses 4,665 2,206 111.5% EBITDA (37) (411) NA EBITDA Margin(%) NA NA NA Other Income 8 11 (27.3)% Depreciation 218 167 30.5% Finance Cost 20 18 11.1% PBT (267) (585) NA
Slide 14: Q2-FY22 Consolidated Income Statement
Q2-FY22 Consolidated Income Statement PARTICULARS (INR Mn) Q2-FY22 Q2-FY21 Y-o-Y Q1-FY22 Q-o-Q Revenue from Operations 3,579 1,750 104.5% 2,928 22.2% Total Expenses 3,300 1,752 88.4% 2,727 21.0% EBITDA 279 (2) NA 201 38.8% EBITDA Margin 7.80% NA NA 6.86% 94 Bps Other Income 5 5 NA 4 25.0% Depreciati
Slide 15: H1-FY22 Consolidated Income Statement
H1-FY22 Consolidated Income Statement PARTICULARS (INR Mn) H1-FY22 H1-FY21 Y-o-Y Revenue from Operations 6,507 2,838 129.3% Total Expenses 6,027 2,894 108.3% EBITDA 480 (56) NA EBITDA Margin 7.38% NA NA Other Income 9 11 (18.2)% Depreciation 255 203 25.6% Finance Cost 21 19 10.5% PBT 213 (267) NA Ta
Slide 16: Historical Financials
Kiri Industries Limited Fienre fall of Colors HISTORICAL FINANCIALS
Slide 17: Historical Standalone Income Statement
Historical Standalone Income Statement PARTICULARS (INR Mn) FY19 FY20 FY21 H1-FY22 Revenue from Operations 10,619 9,690 6,892 4,628 Total Expenses 9,055 8,729 6,901 4,665 EBITDA 1,564 961 (9) (37) EBITDA Margin 14.73% 9.92% NA NA Other Income 28 41 20 8 Depreciation 285 366 390 218 Finance Cost 44 4
Slide 18: Standalone Balance Sheet
Standalone Balance Sheet PARTICULARS (INR Mn) FY20 FY21 H1-FY22 PARTICULARS (INR Mn) FY20 FY21 H1-FY22 Equity Non Current Assets 7,665 8,094 8,140 6,730 6,346 6,176 a) Property, Plant and Equipment 4,635 5,189 5,123 Equity Share Capital 336 336 400 b) Other Intangible assets - - 1 Other Equity 6,394
Slide 19: Historical Consolidated Income Statement
Historical Consolidated Income Statement PARTICULARS (INR Mn) FY19 FY20 FY21 H1-FY22 Revenue from Operations 13,938 13,054 9,570 6,507 Total Expenses 11,628 11,193 8,744 6,027 EBITDA 2,310 1,861 826 480 EBITDA Margin (%) 16.57% 14.26% 8.63% 7.38% Other Income 27 53 22 9 Depreciation 376 444 461 255
Slide 20: Consolidated Balance Sheet
Consolidated Balance Sheet PARTICULARS (INR Mn) FY20 FY21 H1-FY22 PARTICULARS (INR Mn) FY20 FY21 H1-FY22 Equity 19,334 21,844 23,761 Non Current Assets 18,919 21,575 23,335 Equity Share Capital 336 336 400 a) Property, Plant and Equipment 5,062 5,591 5,502 Other Equity 18,998 21,508 23,361 b) Other
Slide 21: Consolidated Financial Highlights
Consolidated Financial Highlights Operational Revenue (INR Mn) EBITDA (INR Mn) & PAT (INR Mn) & PAT Margins (%) EBITDA Margins (%) 13,938 15.94% 16.57% 1,576 13,054 14.26% 11,983 11,352 13.27% 2,310 1,267 1,095 1,157 9,570 1,810 1,861 8.63% 7.38% 1,590 6,507 2.28% 2.95% 826 9.14% 11.16% 11.31% 480 8
Slide 22: Capital Markets
Capital Markets Share Price Data as on 30th September, 2021 60% 50% Kiri Sensex 40% 30% 20% 10% 0% -10% -20% -30% Oct/20 Nov/20 Dec/20 Jan/21 Feb/21 Mar/21 Apr/21 May/21 Jun/21 Jul/21 Aug/21 Sep/21 Price Data (30th September, 2021) INR Shareholding Pattern as on 30th September, 2021 Face Value 10.0
Slide 23: 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 24: Thank You
Kiri Industries Limited Fienre fall of Colors THANK YOU