Kiri Industries Limited · NSE:KIRIINDUS
Kiri Industries — Q3 FY2021 Earnings Presentation
23 slides from Kiri Industries's earnings presentation, Feb 12, 2021
Slide 1: Kiri Industries Limited
CD Kiri Industries Limited ~-Fuft~ C3'~..... February 12,2021 To, To, BSE Limited Nationa l Stock Exchange of India Limited 1st Floor, Rotunda Building, Exchange Plaza, Bandra Kurla Complex, B.S. Marg, Fort, Mumbai - 400 001 Bandra (E), Mumbai - 400 051 Scrip Code: 532967 Scrip ID - KIRIINDUS Dear S
Slide 2: 9M / Q3-FY21 Earnings Presentation
9M/ Q3-FY21|EARNINGS PRESENTATION
Slide 3: Company Overview
Company Overview Consolidated Revenue Break-up (INR Mn) 6,625 3,681 4,629 6,499 4,879 2,429 7,461 7,378 6,489 7,340 6,607 3,530 • Established in 1998, Kiri Industries Limited (KIL), is based out of Gujarat and has emerged as one of FY16 FY17 FY18 FY19 FY20 9M-FY21 the largest manufacturers and expor
Slide 4: 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 5: 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 6: 9M / Q3-FY21 Financial Highlights
9M / Q3-FY21 Financial Highlights Q3-FY21 Financial Highlights (Standalone) Q3-FY21 Financial Highlights (Consolidated) Operational Operational EBITDA EBITDA Margin EBITDA EBITDA Margin Revenue Revenue INR 145 Mn 6.19% INR 391 Mn 12.60% INR 2,344 Mn INR 3,103 Mn Net Profit PAT Margin Diluted EPS Net
Slide 7: Q3-FY21 Standalone Operational Highlights
Q3-FY21 Standalone Operational Highlights During the current quarter Kiri achieved Q-o-Q sales volume growth of 111%, with higher sales in domestic markets as compared to exports which should improve and grow in coming quarters The company earned net profit of Rs 3.25Crore in Q3FY21 as compared to a
Slide 8: Q3-FY21 Consolidated Operational Highlights
Q3-FY21 Consolidated Operational Highlights The consolidated revenues in Q3-FY21 have increased by 77.3% QoQ The EBITDA improved substantially to Rs. 39 Cr with EBIDTA margins reported at 12.60% versus an EBITDA loss in the last quarter. The Total Comprehensive Income amounted to Rs.148.81Crore, whi
Slide 9: Update on court case in Singapore
Update on court case in Singapore SICC has announced an interim judgement on December 21, 2020 for the valuation of Kiri’s stake in DyStar and had directed the valuation experts to carry out certain adjustments to the baseline Equity value of DyStar of US$1636million. The court has directed a full d
Slide 10: 9M / Q3-FY21 Financial Highlights
9M / Q3-FY21 FINANCIAL HIGHLIGHTS 9
Slide 11: Q3-FY21 Standalone Income Statement
Q3-FY21 Standalone Income Statement PARTICULARS (INR Mn) Q3-FY21 Q3-FY20 Y-o-Y Q2-FY21 Q-o-Q Revenue from Operations 2,344 2,267 3.4% 1,110 111.2% Total Expenses 2,199 2,042 7.7% 1,313 67.5% EBITDA 145 225 (35.6)% (203) NA EBITDA Margin(%) 6.19% 9.93% (374) Bps NA NA Other Income 6 13 (53.8)% 5 20.0
Slide 12: 9M-FY21 Standalone Income Statement
9M-FY21 Standalone Income Statement PARTICULARS (INR Mn) 9M-FY21 9M-FY20 Y-o-Y Revenue from Operations 4,140 7,565 (45.3)% Total Expenses 4,406 6,712 (34.4)% EBITDA (266) 853 NA EBITDA Margin(%) NA 11.28% NA Other Income 17 22 (22.7)% Depreciation 273 263 3.8% Finance Cost 28 31 (9.7)% PBT (550) 581
Slide 13: Q3-FY21 Consolidated Income Statement
Q3-FY21 Consolidated Income Statement PARTICULARS (INR Mn) Q3-FY21 Q3-FY20 Y-o-Y Q2-FY21 Q-o-Q Revenue from Operations 3,103 3,151 (1.5)% 1,750 77.3% Total Expenses 2,712 2,734 (0.8)% 1,752 54.8% EBITDA 391 417 (6.2)% (2) NA EBITDA Margin 12.60% 13.23% (63) Bps NA NA Other Income 7 19 (63.2)% 5 40.0
Slide 14: 9M-FY21 Consolidated Income Statement
9M-FY21 Consolidated Income Statement PARTICULARS (INR Mn) 9M-FY21 9M-FY20 Y-o-Y Revenue from Operations 5,941 10,071 (41.0)% Total Expenses 5,606 8,518 (34.2)% EBITDA 335 1,553 (78.4)% EBITDA Margin(%) 5.64% 15.42% (978) Bps Other Income 18 31 (41.9)% Depreciation 326 330 (1.2)% Finance Cost 29 33
Slide 15: Historical Financials
Kiri Industries Limited Fienre fall of Colors HISTORICAL FINANCIALS
Slide 16: Standalone Income Statement
Standalone Income Statement PARTICULARS (INR Mn) FY18 FY19 FY20 9M-FY21 Revenue from Operations 9,013 10,619 9,690 4,140 Total Expenses 7,712 9,055 8,729 4,406 EBITDA 1,301 1,564 961 (266) EBITDA Margin 14.43% 14.73% 9.92% NA Other Income 33 28 41 17 Depreciation 250 285 366 273 Finance Cost 17 44 4
Slide 17: Standalone Balance Sheet
Standalone Balance Sheet PARTICULARS (INR Mn) FY19 FY20 H1-FY21 PARTICULARS (INR Mn) FY19 FY20 H1-FY21 Equity 6,307 6,730 6,093 Non Current Assets 6,922 7,665 7,772 Equity Share Capital 313 336 336 a) Property, Plant and Equipment 4,290 4,635 4,565 Other Equity 5,994 6,394 5,757 b) Other Intangible
Slide 18: Consolidated Income Statement
Consolidated Income Statement PARTICULARS (INR Mn) FY18 FY19 FY20 9M-FY21 Revenue from Operations 11,352 13,938 13,054 5,941 Total Expenses 9,542 11,628 11,193 5,606 EBITDA 1,810 2,310 1,861 335 EBITDA Margin (%) 15.94% 16.57% 14.26% 5.64% Other Income 16 27 53 18 Depreciation 341 376 444 326 Financ
Slide 19: Consolidated Balance Sheet
Consolidated Balance Sheet PARTICULARS (INR Mn) FY19 FY20 H1-FY21 PARTICULARS (INR Mn) FY19 FY20 H1-FY21 Equity 15,673 19,334 19,566 Non Current Assets 15,673 18,919 19,621 Equity Share Capital 313 336 336 a) Property, Plant and Equipment 4,769 5,062 4,965 Other Equity 15,360 18,998 19,230 b) Other
Slide 20: 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% 1,267 11,119 11.14% 2,310 1,095 1,157 1,810 1,861 1,590 1,239 11.16% 11.31% 257 9.14% 8.86% 2.50% FY16 FY17
Slide 21: Capital Markets
Capital Markets Share Price Data as on 31st December 2020 60% 40% 20% 0% -20% -40% -60% Jan/20 Feb/20 Mar/20 Apr/20 May/20 Jun/20 Jul/20 Aug/20 Sep/20 Oct/20 Nov/20 Dec/20 Kiri Sensex Price Data (31st December, 2020) INR Shareholding Pattern as on 31st December, 2020 Face Value 10.0 Market Price 537
Slide 22: 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 23: Thank You
Kiri Industries Limited Fienre fall of Colors THANK YOU