Krbl Limited · NSE:KRBL
Krbl — Q2 FY2023 Earnings Presentation
29 slides from Krbl's earnings presentation, Nov 11, 2022
Slide 1: Exchange filing cover letter
E:KRBL/BIBHU /STK_EX_2223/ 60 11 November 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 Bandra (E), Mumbai-400051 Dalal Street, Mumbai - 400 001 Sc
Slide 2: KRBL Ltd. Investor Presentation Q2 & H1 FY2023
KRBL Ltd. Investor Presentation Q2 & H1 FY2023
Slide 3: India Gate: World's No.1 Basmati Rice Brand
India Gate: World’s No.1* Basmati Rice Brand India Gate has been recognized as World’s No.1 Basmati Rice Brand in a recent market study India Gate has been recognized as World’s No.1* #1 Packs sold annually 8cr+ Basmati Rice Brand Dealers & Exported to 90+ Countries 90+ Distributors across India 500
Slide 4: 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 is recognized as Strong financial position; #1 the world’s no. 1 basmati healthy internal accruals rice brand and liquidit
Slide 5: Q2 FY23 - Highlights
Q2 FY23- Highlights Total Income: 1,340 Cr Total EBIDTA: 305 Cr Total PBT: 285 Cr Total PAT: 213 Cr Highest Ever Quarterly Total Comprehensive Income: 205 Cr Earning per share: Rs 9.05 4 All figures in Rs . crore and are based on standalone financials
Slide 6: Q2 FY23 standalone performance highlights
Q2 FY23 standalone performance highlights Total Income Gross Profit EBITDA PAT 1,340 463 305 213 1,596 (1,596) 4,346 2,054 Cash & Bank balance* Net Bank Borrowings Net worth Total Inventory All figures in Rs . crore and are based on standalone financials 5 *Includes Other Bank balances and Investmen
Slide 7: Continuing momentum in Revenue
Continuing momentum in Revenue 23% 25% 2,547 2,070 65 1,319 65 1,054 31 1,405 1,213 35 696 730 1,077 592 792 289 Q2 FY22 Q2 FY23 H1 FY22 H1 FY23 Exports Domestic Power Exports Domestic Power • Q2FY23 revenue growth mainly driven by Export Sales – 105% y-o-y growth. • H1FY23 revenue growth driven
Slide 8: Profitability metrics for Q2 & H1 FY23
Profitability metrics for Q2 & H1 FY23 Gross Profit (Rs. Crore) EBITDA (Rs. Crore) 34.5% 33.6% 22.8% 19.7% 21.2% 19.3% 29.2% 30.3% • Strong Q2FY23 Gross Profit margin & EBIDTA margin at 34.5% and 22.8% respectively 305 463 634 865 204 412 548 • Q2FY23: Basmati realization increase (42% over 309 Q2 F
Slide 9: Superior balance sheet matrix
Superior balance sheet matrix Current Ratio (%) 7 • Healthy liquidity position. 6 • Continued efficiency in working capital management. • Total inventory as on 30th Sep’22 is 2,054 Cr. Q2 FY22 Q2 FY23 Working Capital Days Inventory Position (Rs. Crore) 193 1699 1751 176 143 150 33 16 11 18 177 160 I
Slide 10: Superior balance sheet matrix
Superior balance sheet matrix Net Bank Borrowing (Rs. Crore) Q2 FY22 Q2 FY23 -902 • Healthy internal accruals leading to further strengthening the balance sheet position -1,596 • Strong debt protection metrics • Financial strength reflected in Strong Credit Rating: Interest Coverage Ratio [ICRA] A1+
Slide 11: Key Developments - Q2FY23
Key Developments- Q2FY23 Export Revenue EBIDTA Margin Cash & Bank Balance* 105% 352 bps 74% 592 22.8% 1,596 19.3% 915 289 Q2 FY22 Q2 FY23 Q2 FY22 Q2 FY23 Q2 FY22 Q2 FY23 Strong Momentum in Export Sales Improvement in EBITDA margin Strong Cash Generation • Buoyant sales of Basmati rice in key •
Slide 12: Climate Positive Award
Climate Positive Award +) GREEN CROSS United Kingdom 11 CLIMATE POSITIVE AWARD 2022 C EFFOF ENEF MMUNITIE ND THE ENVIRONMENT KRBL Ltd. THE CLM. Posmive AWARD 202 AREA OF INTERE 4OSEN IS Energy Transition: Renewable Energies. Energy == Fossil Replacement.
Slide 13: H1 FY23 standalone performance highlights
H1 FY23 standalone performance highlights Particulars (Rs in Cr. ) H1 FY22 H1 FY23 YOY Growth Revenue From Operations 2,070 2,547 23.1% Total Income 2,090 2,579 23.4% • Revenue growth witnessed in both Gross Profit 634 865 36.5% Domestic and Export Segments. Gross Profit Margin 30.3% 33.6% • Better
Slide 14: 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 15: 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 16: India Business
India Business - >. cE! Dulita bi Peden Headdat’ KRBIN IN S WORLD'S LARGEST RICE MILLERS & BASMATI RICE EXPORTERS
Slide 17: Continuing market leadership
Continuing market leadership 696 Revenue* in Rs. Crore for Q2 FY23 • Y-o-Y domestic rice sales lower by 5% on account of higher unbranded rice sale in Q2FY22. • Y-o-Y growth of branded domestic rice sale is 18% . Trend in Domestic Business (5)% Revenue growth Y-o-Y *Excludes Energy 16
Slide 18: 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 19: India Brand Portfolio
India Brand Portfolio 18
Slide 20: Strong leadership in Basmati market
Strong leadership in Basmati market Q2 FY 23 Volume Market Share (India) Q2 FY23 Volume Market Share (India) Packaged Basmati (Traditional Trade) Packaged Basmati (Modern Trade) Others; 4% Adani Wilmar; Private Label; 6% 4% KRBL ; • Unmatched leader in 32% packaged Basmati in India Others; 33% KRBL
Slide 21: 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 plus brand, drawing in customers from the un-branded segment Un-Branded Basmati rice 1.5 Mn MT. 20
Slide 22: Export Business
Export Business - >. cE! Dulita bi Peden Headdat’ KRBIN IN S WORLD'S LARGEST RICE MILLERS & BASMATI RICE EXPORTERS
Slide 23: Leadership beyond India
Leadership beyond India 592 Revenue in Rs. Crore for Q2 FY23 • Strong growth from key markets like Saudi Arabia and Trend in Export Business UAE. 105% Revenue growth Y-o-Y 22
Slide 24: Exports Brand Portfolio
Exports Brand Portfolio 23
Slide 25: 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 26: Overall international market position
Overall international market position •KRBL has leadership position in terms of market share in most GCC countries •India Gate is #1 Indian Basmati rice brand in Qatar, UAE, Bahrain •India Gate is the only premium Indian Rice brand in GCC Middle East •Nur Jahan is the 2nd most popular brand in the r
Slide 27: 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 28: 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 29: Thank You
Thank You cE! Dulita bi Peden Headdat’ cep INDIA WORLD'S LARGEST RICE MILLERS GATE & BASMATI RICE EXPORTERS,