Slide 1: Investor Communication Q1 & FY2017
In the first ever Fortune ‘Change The Investor Communication World’ list of 2015, Jain Irrigation ranks Q1& FY2017 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: Objectives of Financial Strategy
Objectives of Financial Strategy Objectives Strategy Post equity raise, consolidated net D/E improved to 1.2 Interest Costs in March 31, 2016. Interest burden to reduce Change in MIS business model, Support from NBFC, Working Capital Cycle Internal accruals Firing on all cylinders; Enhanced outlook
Slide 5: Key Developments
Key Developments GOVERNMENT TO SPEND RS 50,000 CRORE ON NEW IRRIGATION SCHEME - Press Trust of India July 2015. With an eye on improving farm productivity, the government will spend Rs 50,000 crore over the next five years under the Pradhan Mantri Krishi Sinchai Yojana (PMKSY). The spending this y
Slide 6: Financial Discussion – 1QFY17
Jain Irrigation Systems Ltd. FINANCIAL DISCUSSION – 1QFY17
Slide 7: Key Notes (1/2)
Key Notes (1/2) Standalone financials of the Company for 1QFY17 not comparable with 1QFY16 as it does not include Agro Processing Division, now a subsidiary – Jain Farm Fresh Foods Limited (“JFFFL”). However, consolidated financials are comparable as they include all the entities including JFFFL.
Slide 8: Key Notes (2/2)
Key Notes (2/2) During the current quarter, the Company has also implemented Ind AS accounting standard, as applicable. Its key impact areas in June 30, 2015 financials are as under: Standalone: 30-Jun-15 Sr. No Description Amount (In Mn) Net Profit as per Indian GAAP 204.2 a. On account of fair v
Slide 9: Management Comments and Areas of Improvement
Management Comments: Vice Chairman and Managing Director of the Company, Mr. Anil Jain said “Our Stellar performance on margins show that we are moving into positive growth and earnings cycle. As expected, revenue growth will remain muted in first half but shall generate significant growth in second
Slide 10: Consolidated Performance Overview: 1Q FY17
Consolidated Performance Overview : 1Q FY17 Hi-tech Agri Inputs Products division includes Micro Irrigation Systems and Tissue Culture business. Consolidated Micro Irrigation Systems business de-grew by 6.7% due to lower sales in India. Overseas micro irrigation business expanded by 10.3%. Prima
Slide 11: Standalone Performance Overview: 1Q FY17
Standalone Performance Overview : 1Q FY17 Standalone financials of the Company for this quarter are not comparable as 1QFY17 does not include Agro Processing Division. Overall standalone revenue increased by 4.1% led by 4.7% growth in Domestic Business and negative growth of 5% in exports as com
Slide 12: Consolidated Financial Performance
Consolidated Financial Performance Consolidated Highlights 1QFY17 1QFY16 Rs. mn Revenue increased by 4.3 % Total Income 17,132 16,433 EBIDTA for FY16 is at 14.7 % as against 14.0 % in EBIDTA 2,514 2,304 FY16, improving by 50+ basis points Reported PAT 585 145 PAT improved by 300% Cash PAT* 1,2
Slide 13: Overview - Consolidated Revenue: 1QFY17
Overview - Consolidated Revenue*: 1QFY17 • Increase in the contribution of Indian business 1QFY17 1QFY16 Geography YoYG on account of better of performance by Agro Mix % Mix % Processing Business on domestic side as India 60% 59% 7% compared with its export Rest of 40% 41% 1% World# Total 100% 100%
Slide 14: Overview - Standalone Revenue: 1Q FY17
Overview - Standalone Revenue*: 1Q FY17 (Excludes Agro Processing Division performance in FY 16) Segment Revenue Contribution 100% 4% 1QFY17 1QFY16 90% 10% 17% Geography YoYG Mix % Mix % 80% 38% 70% Domestic 94% 94% 4.7% 60% 50% 90% 83% Export 6% 6% -5.0% 40% 30% 58% 20% Total 100% 100% 4.1% 10% 0%
Slide 15: Net Debt Position
Net Debt Position INR Bn. June 30, 2016 Mar 31, 2016 Change (QoQ) June 30, 2015 Standalone (Total) 26.05 26.80 (0.75) 29.19 Long Term 13.52 14.79 (1.27) 15.78 Short Tem 14.52 13.33 1.19 15.29 Cash & Cash equivalent (1.98) (1.32) (0.66) (1.88) Consolidated (Total) 37.97 35.59 2.38 40.21 Long Term 19.
Slide 16: Working Capital Analysis
Working Capital Analysis Standalone Days DSO^ June 30, 2016 DSO^ Mar 31, 2016 Inventory AR(gross) Net* Inventory AR(gross) Net* Hi Tech 96 199 226 84 206 218 Plastic 47 121 55 41 116 79 Total* 81 183 173 73 193 190 * Including Other Division • Improvement in the accounts receivable from 206 days to
Slide 17: MIS Analysis
MIS Analysis MIS –Revenues INR Mn 1Q FY17 1Q FY16 Change YoY% Retail & Institution 3417 3445 -0.8% Project 321 929 -64.4% Domestic Total 3,738 4,375 -14.6% Export 326 258 26.1% Total 4,064 4,633 -12.3% MIS -Receivables Mar 31, Mar 31, June 30, Mar 31, June 30, Change INR Mn 2014 2015 2015 2016 2016
Slide 18: Thank You
THANK YOU 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 un