Krbl Limited · NSE:KRBL
Krbl — Q4 FY2022 Earnings Presentation
26 slides from Krbl's earnings presentation, May 28, 2022
Slide 1: Cover letter to stock exchanges on Q4 FY2022 results
E:KRBL/BIBHU/STK_EX_2223/14 27 May 2022 The General Manager National Stock Exchange of India Limited Department of Corporate Services "Exchange Plaza", C-1, Block-G BSE Limited Bandra-Kurla Complex Floor 25, Phiroze Jeejeebhoy Towers J Sandra (E), Mumbai-400051 Dalal Street, Mumbai - 400 001 Scrip C
Slide 2: KRBL Ltd. Investor Presentation Q4 & FY2022
KRBL Ltd. Investor Presentation Q4 & FY2022
Slide 3: Unmatched Strengths
Unmatched Strengths #1 #1 India’s largest exporter of KRBL has largest contact branded basmati rice with farming network coverage footprint in > 90 countries for rice India Gate, well established Strong financial position; #1 brand in India; KRBL healthy internal accruals leading player in branded a
Slide 4: Q4 FY22 standalone performance highlights
Q4 FY22 standalone performance highlights Total Income Gross Profit EBITDA PAT 994 308 170 109 395 (389) 4,063 2,816 Cash & Bank balance* Net Bank Borrowings Net worth Total Inventory All figures in Rs . crore and are based on standalone financials *Includes investments in Mutual Funds 3
Slide 5: Healthy outcomes in challenging environment
Healthy outcomes in challenging environment Revenue from operations Revenue from operations 1% 5% 974 987 3,992 4,211 Q4 FY21 Q4 FY22 FY21 FY22 • Q4FY22 and FY2022 revenue growth driven by domestic business - recorded highest ever sales in FY2022 All figures in Rs. crore All figures are based on
Slide 6: Profitability metrics for Q4 & FY22
Profitability metrics for Q4 & FY22 Gross Profit (Rs. Crore) EBITDA (Rs. Crore) 32.8% 21.8% 21.1% 31.0% 31.3% 28.0% 17.1% 16.6% • Q4FY22: Rice realization increase (22% over Q4FY21) offset by 25% increase in rice input 1,255 1,191 212 170 846 705 cost over the same period, impacting Gross 320 308 Q4
Slide 7: Superior balance sheet matrix
Superior balance sheet matrix Current Ratio (%) 7 5 • Healthy liquidity position • Continued efficiency in working capital management • Lower inventory (FY22 Rs. 2,816 cr vs. FY21 Rs. 2,964 FY21 FY22 cr) on account of lower paddy purchase in Q3 FY22 Working Capital Days Inventory Position (Rs. Crore
Slide 8: Superior balance sheet matrix
Superior balance sheet matrix Net Bank Borrowing (Rs. Crore) 53 FY21 FY22 • Lower inventory coupled with healthy internal accruals leading to reduced reliance on debt, further strengthening the balance sheet position (389) • Strong debt protection metrics • Financial strength reflected in Strong Cre
Slide 9: Financial trends over the years
Financial trends over the years Revenue (Rs. crore) Gross Profit (Rs. crore) EBITDA* (Rs. crore) 4,120 4,499 4,211 3,992 1,299 819 865 894 846 3,246 1,119 1,241 1,255 1,191 705 FY18 FY19 FY20 FY21 FY22 FY18 FY19 FY20 FY21 FY22 FY18 FY19 FY20 FY21 FY22 PAT (Rs. crore) Net Bank Borrowings (Rs. crore)
Slide 10: Key Developments
Key Developments Domestic Revenues (Rs. Crore) Update on Greenfield Expansions • Three new mfg. facilities planned - Gujarat, 32% Karnataka and Madhya Pradesh. • Exclusive non-basmati focus in Karnataka plant – 2,648 other will cater to both. 2,002 • Total Capex: ~Rs. 200 core with total increment
Slide 11: Key Developments
Key Developments Credit ratings revised by ICRA in KRBL Limited's Appointed new Nov 2021 World's Largest Milling Plant at distributor in Type of rating Revised rating Dhuri, Punjab was Saudi Arabia adjudged the Silver Banking Limits on [ICRA] AA- (Stable) Medal Winner at Long Term Scale the prestigi
Slide 12: Shareholder value creation
Shareholder value creation Net worth (Rs. crore) Dividend as a % of FV 78% Consistent increase Over FY18 over the years 4,063 3,685 350% 350% 3,119 2,717 280% 250% 2,279 230% FY18 FY19 FY20 FY21 FY22 FY18 FY19 FY20 FY21 FY22 XX% CAGR shareholder returns over past 2 decades; ROCE at 20% in FY21 All
Slide 13: India Business
India Business - >. cE! Dulita bi Peden Headdat’ KRBIN IN S WORLD'S LARGEST RICE MILLERS & BASMATI RICE EXPORTERS
Slide 14: Continuing market leadership
Continuing market leadership 677 Revenue* in Rs. Crore for Q4 FY22 • Revenue growth driven by solid volumes gains, complemented by improvement in realization • Overall performance was premised on executing the Trend in Domestic Business growth strategy of densifying the distribution reach, increasin
Slide 15: India Brand Portfolio
India Brand Portfolio 14
Slide 16: Strong leadership in Basmati market
Strong leadership in Basmati market FY22 Volume Market Share (India) FY22 Volume Market Share (India) Packaged Basmati (Traditional Trade) Packaged Basmati (Modern Trade) Kohinoor Private Speciality Label; 4% Food India; 5% Adani Wilmar; • Unmatched leader in 9% Others; 35% packaged Basmati in India
Slide 17: India Strategy
India Strategy Augmenting Portfolio across all Densifying distribution reach Increasing Brand Penetration four product segments • Preference for packaged rice has significantly • Focus on trade marketing to accelerate the • Non-basmati regional rice market largely increased already ongoing shift in
Slide 18: Unity: Accelerating shift to branded rice
Unity: Accelerating shift to branded rice Indian Basmati Rice Market- 2.5 Million metric tonnes Unity is now a Rs. 500 crore brand, drawing in customers from the un-branded segment Un-Branded Basmati rice 1.5 Mn MT. 17
Slide 19: Export Business
Export Business - >. cE! Dulita bi Peden Headdat’ KRBIN IN S WORLD'S LARGEST RICE MILLERS & BASMATI RICE EXPORTERS
Slide 20: Leadership beyond India
Leadership beyond India 280 Revenue in Rs. Crore for Q4 FY22 • Appointed Distributor in Saudi Arabia; offtake resumption in progress Trend in Export Business • Focused implementation of growth strategy by fostering brand initiatives in the existing markets and seeding (19)% newer markets Revenue gro
Slide 21: Exports Brand Portfolio
Exports Brand Portfolio 20
Slide 22: Positive trends for Rice export from India
Positive trends for Rice export from India Global markets offer exciting opportunities for KRBL to drive growth Basmati rice exports from • High yielding varieties of rice have led to surplus production in the country Production • Adoption of technology in farming have helped spur growth in produce
Slide 23: Overall export market position
Overall export market position KRBL’s dominating presence in the GCC region India Gate Share to Premium Segment Rice • KRBL has strong presence in Norway, Sweden and Europe Denmark Kuwait Market Segment 86% • #1 in Canada in premium basmati rice Qatar Market Segment 82% Americas • KRBL recently laun
Slide 24: Export Strategy
Export Strategy Launch of economy variants / small packs to drive penetration New products Channel expansion Existing Markets New / Seeded Acquisition of markets “adjacent” basmati consumer Direct marketing Channel deepening & diversification Direct marketing - Penetration to locals with Arabic TVC
Slide 25: Contact Us
Contact Us Safe Harbor This presentation contains statements that contain “forward looking statements” including, but without limitation, statements relating to Investor Relations Desk the implementation of strategic initiatives, and other statements relating to KRBL Limited and its affiliated compa
Slide 26: Thank You
Thank You cE! Dulita bi Peden Headdat’ cep INDIA WORLD'S LARGEST RICE MILLERS GATE & BASMATI RICE EXPORTERS,