Jain Irrigation Systems Limited · NSE:JISLDVREQS
Jain Irrigation Systems — Q4 FY2016 Earnings Presentation
22 slides from Jain Irrigation Systems's earnings presentation, Mar 31, 2016
Slide 1: Investor Communication Q4 & FY2016
In the first ever Fortune ‘Change The Investor Communication World’ list of 2015, Jain Irrigation ranks Q4& FY2016 7th among 51 companies of the world
Slide 2: Preface
Jain Irrigation Systems Ltd. PREFACE
Slide 3: JISL Value Proposition
JISL Value Proposition Large domestic and global growth opportunities • Increasing MIS penetration a central and state government priority. Addressing climate change • Food business 10 year CAGR of 26% expect momentum to continue • Pipes business strongly correlated with Indian infrastructure spend
Slide 4: Key Developments
Key Developments As announced in November 2015, the Company completed the following equity raise in the month of March 2016: Issue of 14.1 Million Equity Warrants in JISL at a price of INR 80 per share to Promoter Group. The subscription proceeds of this issue, amounting to INR 1,128 Million wer
Slide 5: Objectives of Financial Strategy
Objectives of Financial Strategy Objectives Strategy Post equity raise, consolidated net D/E improved to 1.2 Interest Costs from 2.04 levels as at December 31, 2015. Interest burden to reduce Change in MIS business model, Support from NBFC, Working Capital Cycle Internal accruals Firing on all cylin
Slide 6: Financial Discussion
Jain Irrigation Systems Ltd. FINANCIAL DISCUSSION
Slide 7: Consolidated Performance Overview
Consolidated Performance Overview : FY16 Overall revenue improved by 2.2%. EBIDTA grew by 3.2%. MIS de-grew by 1.7%, however Food Processing and Pipes business grew by 6.4% and 9.8%, respectively. Within the other business, sheet business increased by 10.3%, Solar business increased by 6.5%
Slide 8: Standalone Performance Overview: FY16
Standalone Performance Overview : FY16 Amid the sluggish agro environment, standalone revenue grew marginally by 0.2% led by marginal growth in Domestic Business of 1.0%. Overall exports de-grew by 2.9% during this period as compared with same period last year. Overall Micro Irrigation Systems (
Slide 9: Standalone Performance Overview: 4QFY16
Standalone Performance Overview : 4QFY16 Standalone revenue de-grew by 8.1% as compared with same period last year. Exports revenue continued to show negative growth and de-grew by 10.7%. Domestic business de-grew by 7.4% Overall Micro Irrigation Systems (MIS) de-grew by 10.0% in this quarter on
Slide 10: Consolidated Financial Performance
Consolidated Financial Performance Consolidated Highlights FY16 FY15 Rs. mn Revenue increased by 2.2% Revenue^ 64,559 63,146 EBIDTA for FY16 is at 13.8 % as against 13.6 % in EBIDTA 8,890 8,616 FY15 Reported PAT 883 554 PAT has been increased by Rs. 328.8 Mn i.e., by Cash PAT* 3,518 2,994 59.4
Slide 11: Standalone Financial Performance
Standalone Financial Performance Standalone FY16 FY15 Highlights Rs. mn Revenue^ 44,065 43,984 Revenue marginally grew by 0.2% EBIDTA for FY16 is at 16.3% as against 15.8% in EBIDTA 7,165 6,954 FY15 Reported PAT 713 494 PAT increased by INR 218.6 Mn Cash PAT* 2,611 2,279 ^ including operating
Slide 12: Overview - Consolidated Revenue: FY16
Overview - Consolidated Revenue*: FY16 Geography Mix % YoYG India 54% 1.0% Rest of World# 46% 3.7% Total 100% 2.2% * Including operating income & excise duty # Including exports from India India Standalone Revenue Contribution Consolidated Revenue Contribution 9% 9% 40% 45% 19% Irrigation Irrigation
Slide 13: Overview - Consolidated Revenue: 4QFY16
Overview - Consolidated Revenue*: 4QFY16 Geography Mix % YoYG India 57% -7.4% Rest of World# 43% 6.6% Total 100% -1.8% *Including operating income & excise duty # Including exports from India India Standalone Revenue Consolidated Revenue Contribution Contribution 7% 9% 39% 46% 23% Irrigation Irrigat
Slide 14: Overview - Consolidated Revenue: 4QFY16
Overview - Consolidated Revenue*: 4QFY16 Geography Mix % YoYG India 57% -7.4% Rest of World# 43% 6.6% Total 100% -1.8% *Including operating income & excise duty # Including exports from India India Standalone Revenue Consolidated Revenue Contribution Contribution 7% 9% 39% 46% 23% Irrigation Irrigat
Slide 15: Overview - Standalone Revenue: FY16
Overview - Standalone Revenue*: FY16 Segment Revenue Contribution Geography Mix % YoYG 100% 7% 90% 17% 80% 33% 41% Domestic 80% 1.0% 70% 35% 60% 50% Export 20% -2.9% 40% 83% 28% 67% 30% 59% 20% Total 100% 0.2% 10% 30% 0% * Including operating income & excise duty Irrigation Pipe Food Others Drip Spr
Slide 16: Overview - Standalone Revenue: 4QFY16
Overview - Standalone Revenue*: 4QFY16 Segment Revenue Contribution Geography Mix % YoYG 100% 7% 90% 12% 80% 43% 38% 28% Domestic 79% -7.4% 70% 60% 11% 50% Export 21% -10.7% 40% 88% 30% 57% 62% 54% 20% Total 100% -8.1% 10% 0% * Including operating income & excise duty Irrigation Pipe Food Others Dri
Slide 17: Net Debt Position
Net Debt Position INR Bn. Mar 31, 2016 Dec 31, 2015 Change (QoQ) Mar 31, 2015 Standalone (Total) 26.80 32.58 (5.78) 28.58 Long Term 14.79 15.84 (1.05) 16.05 Short Tem 12.01 16.74 (4.73) 12.53 Consolidated (Total) 35.59 43.57 (7.98) 39.27 Long Term 18.53 19.70 (1.16) 19.91 Short Tem 17.05 23.87 (6.82
Slide 18: Working Capital Analysis
Working Capital Analysis Standalone Days DSO^ Mar 31, 2016 DSO^ Dec 31, 2015 DSO^ Mar 31, 2015 Inventory AR(gross) Net* Inventory AR(gross) Net* Inventory AR(gross) Net* MIS 83 219 227 95 188 185 85 188 217 Piping 40 103 63 41 72 13 44 90 (1) Food 182 133 229 234 126 279 157 133 197 Others 156 229 3
Slide 19: MIS Analysis
MIS Analysis MIS –Revenues Change Change INR Mn Q4 FY16 Q4 FY15 FY16 FY15 YoY% YoY% Retail & Institution 3,365 3,427 -1.8% 12,055 11,368 6.0% Project 1,846 2,529 -27.0% 3,827 5,380 -28.9% Domestic Total 5,211 5,956 -12.5% 15,882 16,748 -5.2% Export 605 507 19.3% 1,588 1,665 -4.6% Total 5,816 6,463 -
Slide 20: News / Update
News / Update A research project in University of Nebraska (USA) is named after Bhavarlal Jain at the Water for Food Global Conference http://www.jains.com/Company/news/A_research_project_in_University_of_NebraskaUSA_is_na med_after_Bhavarlal_Jain.htm The University Of Nebraska and Robert B. Dau
Slide 21: Disclaimer
Disclaimer Some of the statements in this presentation contain forward looking information that involve a number of risks and uncertainties. Such statements are based on a number of assumptions, estimates, projections or plans that are inherently subject to significant risks, as well as uncertaintie
Slide 22: Thank You
THANK YOU aE
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