Kiri Industries Limited · NSE:KIRIINDUS
Kiri Industries — Q4 FY2020 Earnings Presentation
28 slides from Kiri Industries's earnings presentation, Jun 30, 2020
Slide 1: Kiri Industries Limited
Kiri Industries Limited �{i:ftol, Co&x tb...•• June 30, 2020 To, To, BSE Limited National Stock Exchange of India Limited p t Floor, Rotunda Building, Exchange Plaza, Bandra Kurla Complex, B.S. MJrg, Fort, Mumbi:li 400 001 Bandra (E), Mumbai - 400 051 Scrip Code: 532967 Scrip ID - KIRIINDUS Dear Sir
Slide 2: Earnings Con-call Invite
Earnings Con-call Invite VALOREM ADVISORS is pleased to invite you for a Conference Call to discuss FY20 / Q4-FY20 earnings of on Wednesday 01st July, 2020 at 3:00 pm (IST) Kiri Industries Limited’s Management will be represented by: Mr. Manish Kiri – Managing Director Mr. Jayesh Hirani – Senior Man
Slide 3: Kiri Industries Limited FY20/Q4-FY20 Earnings Presentation
Kiri Industries Limited FY20/Q4-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 6,499 4,629 wide range of Dyes, Dyes Intermediates and 3,681 4,879 Basic Chemicals from
Slide 5: About DyStar
3 About DyStar Total Revenue (USD Mn) KIL acquired Dystar in 2010, along with Zhenjiang 1,129 1,016 1057 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 che
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: Q4-FY20 Financial Highlights
5 Q4-FY20 Financial Highlights Q4-FY20 Financial Highlights (Standalone) Q4-FY20 Financial Highlights (Consolidated) • Operational Revenue: INR 2,125 Mn • Operational Revenue: INR 2,982 Mn • EBITDA: INR 109 Mn • EBITDA: INR 307 Mn • EBITDA Margin: 5.13% • EBITDA Margin: 10.30% • Net Profit: INR 0.3
Slide 8: FY20 Standalone Operational Highlights
6 FY20 Standalone Operational Highlights • The company faced total lockdown between March 21, 2020 and April 27, 2020, after which the plants were partially allowed to operate gradually. Initially, during May 2020, the company was allowed to fulfill its export commitments by operating its dyes manuf
Slide 9: FY20 Consolidated Operational Highlights
7 FY20 Consolidated Operational Highlights • In FY2019-20 consolidated total revenue amounted to INR 1310.68 Crore with an EBIDTA of INR 191.35 Crore. • The earnings before interest, depreciation, tax and amortization (EBIDTA) has marginally reduced by 213bps during FY2019-20, mainly on account of 6
Slide 10: Update on Kiri's Minority Oppression suit in the matter of DyStar
8 Update on Kiri’s Minority Oppression suit in the matter of DyStar • The ongoing trial at the Singapore International Supreme Court (SICC) for Valuation of Kiri’s stake of 37.57% in DyStar was completed on April 6, 2020, and the relevant hearings got completed, which were held in two tranches durin
Slide 11: Q4-FY20 Financial Highlights
Q4-FY20 Financial Highlights
Slide 12: Q4-FY20 Standalone Income Statement
10 Q4-FY20 Standalone Income Statement PARTICULARS (INR Mn) Q4-FY20 Q4-FY19 Y-o-Y Q3-FY20 Q-o-Q Revenue from Operations 2,125 3,049 (30.3)% 2,267 (6.3)% Total Expenses 2,016 2,705 (25.5)% 2,042 (1.3)% EBITDA 109 344 (68.3)% 225 (51.6)% EBITDA Margin(%) 5.13% 11.28% (615) Bps 9.93% (480) Bps Other In
Slide 13: Q4-FY20 Standalone Financial Highlights
11 Q4-FY20 Standalone Financial Highlights Operational Revenue (INR Mn) EBITDA (INR Mn) 3,049 344 2,125 109 Q4-FY20 Q4-FY19 Q4-FY20 Q4-FY19 PAT (INR Mn) EBITDA Margin & PAT Margin 219 11.28% 5.13% 7.18% 0.3 0.01% Q4-FY20 Q4-FY19 Q4-FY20 Q4-FY19 EBITDA (%) PAT (%)
Slide 14: FY20 Standalone Income Statement
12 FY20 Standalone Income Statement PARTICULARS (INR Mn) FY20 FY19 Y-o-Y Operational Income 9,690 10,619 (8.7)% Total Expenses 8,729 9,055 (3.6)% EBITDA 961 1,564 (38.6)% EBITDA Margin (%) 9.92% 14.73% (481) Bps Other Income 41 28 46.4% Depreciation 366 285 28.4% Finance Cost 45 44 2.3% PBT 591 1,26
Slide 15: FY20 Standalone Financial Highlights
13 FY20 Standalone Financial Highlights Operational Revenue (INR Mn) EBITDA (INR Mn) 10,619 9,690 1,564 961 FY20 FY19 FY20 FY19 PAT (INR Mn) EBITDA Margin & PAT Margin 1,200 14.73% 9.92% 502 11.30% 5.18% FY20 FY19 FY20 FY19 EBITDA (%) PAT (%)
Slide 16: Q4-FY20 Consolidated Income Statement
14 Q4-FY20 Consolidated Income Statement PARTICULARS (INR Mn) Q4-FY20 Q4-FY19 Y-o-Y Q3-FY20 Q-o-Q Revenue from Operations 2,982 3,860 (22.7)% 3,151 (5.4)% Total Expenses 2,675 3,389 (21.1)% 2,734 (2.2)% EBITDA 307 471 (34.8)% 417 (26.4)% EBITDA Margin 10.30% 12.20% (190) Bps 13.23% (293) Bps Other I
Slide 17: Q4-FY20 Consolidated Financial Highlights
15 Q4-FY20 Consolidated Financial Highlights Operational Revenue (INR Mn) EBITDA (INR Mn) 471 3,860 307 2,982 Q4-FY20 Q4-FY19 Q4-FY20 Q4-FY19 PAT (INR Mn) EBITDA Margin & PAT Margin 263 12.20% 10.30% 182 6.10% 6.81% Q4-FY20 Q4-FY19 Q4-FY20 Q4-FY19 EBITDA (%) PAT (%)
Slide 18: FY20 Consolidated Income Statement
16 FY20 Consolidated Income Statement PARTICULARS (INR Mn) FY20 FY19 Y-o-Y Operational Income 13,054 13,938 (6.3)% Total Expenses 11,193 11,628 (3.7)% EBITDA 1,861 2,310 (19.4)% EBITDA Margin 14.26% 16.57% (231) Bps Other Income 53 27 (96.3)% Depreciation 444 376 (18.1)% Finance Cost 49 51 (3.9)% PB
Slide 19: FY20 Consolidated Financial Highlights
17 FY20 Consolidated Financial Highlights Operational Revenue (INR Mn) EBITDA (INR Mn) 13,054 13,938 2,310 1,861 FY20 FY19 FY20 FY19 PAT (INR Mn) EBITDA Margin & PAT Margin 1,576 16.57% 14.26% 1,157 11.31% 8.86% FY20 FY19 FY20 FY19 EBITDA (%) PAT (%)
Slide 20: Historical Financials
> NP HISTORICAL FINANCIALS
Slide 21: Standalone Income Statement
19 Standalone Income Statement PARTICULARS (INR Mn) FY18 FY19 FY20 Revenue from Operations 9,013 10,619 9,690 Total Expenses 7,712 9,055 8,729 EBITDA 1,301 1,564 961 EBITDA Margin 14.43% 14.73% 9.92% Other Income 33 28 41 Depreciation 250 285 366 Finance Cost 17 44 45 PBT 1,067 1,263 591 Tax 42 63 8
Slide 22: Standalone Balance sheet
20 Standalone Balance sheet PARTICULARS (INR Mn) FY19 FY20 PARTICULARS (INR Mn) FY19 FY20 Equity 6,307 6,730 Non Current Assets 6,922 7,665 Equity Share Capital 313 336 a) Property, Plant and Equipment 4,290 4,635 Other Equity 5,994 6,394 b) Other Intangible assets 1 - c) Capital Work In Progress 37
Slide 23: Consolidated Income Statement
21 Consolidated Income Statement PARTICULARS (INR Mn) FY18 FY19 FY20 Revenue from Operations 11,352 13,938 13,054 Total Expenses 9,542 11,628 11,193 EBITDA 1,810 2,310 1,861 EBITDA Margin (%) 15.94% 16.57% 14.26% Other Income 16 27 53 Depreciation 341 376 444 Finance Cost 35 51 49 PBT 1,450 1,910 1,
Slide 24: Consolidated Balance sheet
22 Consolidated Balance sheet PARTICULARS (INR Mn) FY19 FY20 PARTICULARS (INR Mn) FY19 FY20 Equity 15,673 19,334 Non Current Assets 15,673 18,919 Equity Share Capital 313 336 a) Property, Plant and Equipment 4,769 5,062 Other Equity 15,360 18,998 b) Other Intangible assets 70 56 c) Capital Work In P
Slide 25: Consolidated Financial Highlights
23 Consolidated Financial Highlights Operational Revenue (INR Mn) EBITDA (INR Mn) & PAT(INR Mn) & PAT 13,938 EBITDA Margins (%) Margins(%) 13,054 11,983 11,352 11,119 15.94% 16.57% 13.27% 14.26% 11.14% 11.16%11.31% 9.14% 8.86% 2.50% 1,239 1,590 1,810 2,310 1,861 257 1,095 1,267 1,576 1,157 FY16 FY17
Slide 26: Capital Markets
24 Capital Markets Share Price Data as on 31st March 2020 20% 0% -20% Kiri -40% Sensex -60% -80% Apr-19 May-19 Jun-19 Jul-19 Aug-19 Sep-19 Oct-19 Nov-19 Dec-19 Jan-20 Feb-20 Mar-20 Price Data (31st March, 2020) INR Shareholding Pattern as on 31st March, 2020 Face Value 10.0 Public 32% Market Price 2
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