Jindal Stainless Limited · NSE:JSL
Jindal Stainless — Q3 FY2019 Earnings Presentation
16 slides from Jindal Stainless's earnings presentation, Feb 6, 2019
Slide 1: Exchange filing cover letter
TAINLE S February 06, 2019 BSE Limited National Stock Exchange of India Ltd . Corporate Relationship Department, Exchange Plaza, 5th Floor, I st Floor, New Trading Ring, Plot no. C/1, G Block Rotunda Building, P J Towers, Bandra-Kurla Complex, Bandra (E), Dalal Street, Fort, Mumbai - 400 00 I Mumbai
Slide 2: Q3 & 9M FY19 Earnings Presentation
Q3 & 9M FY19 Earnings Presentation – February 6, 2019 JINDAL STAINLESS LIMITED
Slide 3: Disclaimer
Disclaimer 2 This presentation and the accompanying slides (the “Presentation”), which has been prepared by Jindal Stainless Limited (the "Company"), has been prepared purely for information purposes only and is not, and is not intended to be, an offer, or solicitation of offer, or invitation or rec
Slide 4: Q3 & 9M FY19 Results Overview
Q3 & 9M FY19 33 Results Overview
Slide 5: Key Financials Highlights – Q3 & 9M FY19
Key Financials Highlights – Q3 & 9M FY19 4 Net Revenue from operations EBITDA 9,363 893 834 7,612 386 2,989 3,081 3,135 231 228 Q3 FY18 Q2 FY19 Q3 FY19 9M FY18 9M FY19 Q3 FY18 Q2 FY19 Q3 FY19 9M FY18 9M FY19 Shift (%) QoQ: 2% YoY: 5% 23% Shift (%) QoQ: (2%) YoY: (41%) (7%) PAT 204 135 107 52 -36 Q3
Slide 6: Key Operational Update – Q3 & 9M FY19
Key Operational Update – Q3 & 9MFY19 5 SMS Sales Volume (MT) 628 Thousands 559 213 207 204 Q3 FY18 Q2 FY19 Q3 FY19 9M FY18 9M FY19 Shift (%) QoQ: (1%) YoY: (4%) 12% Sales Composition – Q3 FY19 Sales Composition – 9M FY19 Export Export 18% 20% Domestic Domestic 82% 80%
Slide 7: Key Raw Materials – Price Trend
Key Raw Materials – Price Trend 6 Nickel (USD/MT) 14,470 13,284 13,239 11,573 11,463 10,528 Q2FY18 Q3FY18 Q4FY18 Q1FY19 Q2FY19 Q3FY19 Note: Average quarterly prices; Source: Bloomberg Fe Chrome (INR/ton) 78,644 76,708 75,892 76,100 75,967 75,617 Q2FY18 Q3FY18 Q4FY18 Q1FY19 Q2FY19 Q3FY19 Note: Averag
Slide 8: Q3 FY19 Financial and Operational Discussions
Q3 FY19 Financial and Operational Discussions 7 Net Revenue grows to Rs. 3,135 crore, up 5% Y-o-Y – Sales volume registered a marginal decline of 4% to 204,083 MT, as falling nickel prices led to de- stocking and temporary postponement of buying decision by end-user segments. With stable outlook for
Slide 9: 9M FY19 Financial and Operational Discussions
9M FY19 Financial and Operational Discussions 8 Net Revenue grows to Rs. 9,363 crore, up 23% Y-o-Y – Sales volume increases by 12% to 627,614 MT – Higher sales volume along with better realizations contributed towards revenue growth in 9M FY19 EBITDA at Rs. 834 crore, down by 7% Y-o-Y – Adverse impa
Slide 10: Management Comment
Management Comment 9 Commenting on the performance, Mr. Abhyuday Jindal, Managing Director, Jindal Stainless Ltd. said: “Despite falling nickel prices and soft demand, we were able to maintain our performance in this quarter. This can be ascribed to our diversified product range. Our plant in Jajpur
Slide 11: Abridged P&L Statement
Abridged P&L Statement 10 YoY YoY Particular (Rs. crore) Q3 FY19 Q3 FY18 9M FY19 9M FY18 Change (%) Change (%) Net Revenue from operations 3,135 2,989 5% 9,363 7,612 23% Total Expenditure 3,140 2,834 11% 9,225 7,364 25% EBITDA 228 386 (41%) 834 893 (7%) EBITDA / ton 11,149 18,106 (38%) 13,283 15,973
Slide 12: Comfortable Debt Position
Comfortable Debt Position 11 As on As on As on Description - Borrowings Dec. March March 2018 2018 2017 Long term debt 2,122 2,457 3,405 Inter corporate loan from related party 900 900 485 OCRPS* 656 607 - Net Debt/EBITDA Total Long term debt 3,679 3,963 3,890 5.0 Short term borrowing (less than 12
Slide 13: Key Financial Ratios
Key Financial Ratios 12 9M FY19 FY18 FY17 EBITDA margin (%) 8.9% 11.9% 13.3% PAT Margin (%) 1.1% 3.0% 0.7% Net Debt to Equity 1.7 2.0 3.2 Net Debt to EBITDA 3.5 3.7 5.0 Return on Equity (%) 9.5% 15.5% 3.5% Return on Capital employed (%) 14.2% 15.6% 10.3% Note: 1) 9M FY19 figures, except EBITDA and P
Slide 14: Annexure
Annexure 13
Slide 15: About Us
About Us 14 Jindal Stainless Ltd. (JSL) is amongst the leading stainless steel For further information please contact: manufacturing companies in the world and India's largest stainless steel manufacturer. The Company operates an integrated stainless Goutam Chakraborty / Shreya Sharma steel plant at
Slide 16: Thank You
Thank You 15