Kiri Industries Limited · NSE:KIRIINDUS
Kiri Industries — Q3 FY2022 Earnings Presentation
22 slides from Kiri Industries's earnings presentation, Feb 11, 2022
Slide 1: Submission of Earnings Presentation for Q3-FY22 cover letter
CD Kiri Industries Limited ~{i:ft<f C'~..... February 11, 2022 To, To, BSE Limited National Stock Exchange of India Limited 1st Floor, Rotunda Building, Exchange Plaza, Bandra Kurla Complex, B.$. Marg, Fort, Mumbai - 400 001 Bandra (E), Mumbai - 400051 Scrip Code: 532967 Scrip ID - KIRIINDUS Dear Si
Slide 2: 9M/Q3-FY22 Earnings Presentation
9M/Q3-FY22|EARNINGS PRESENTATION
Slide 3: Company Overview
Company Overview Consolidated Revenue Break-up (INR Mn) 6,625 4,629 6,499 4,879 4,657 3,801 7,378 6,489 7,340 6,607 5,792 6,157 • Established in 1998, Kiri Industries Limited (KIL), is based out of Gujarat and has emerged as one of FY17 FY18 FY19 FY20 FY21 9M-FY22 the largest manufacturers and expor
Slide 4: About DyStar
About DyStar • The DyStar Group is a leading dyestuff and chemical manufacturer and solution provider, offering a broad portfolio of colorants, specialty chemicals, and services to customers across the globe. • With a heritage of more than a century in product development and innovation for the text
Slide 5: History
History 1995 2002 2007 2012 2016 DyStar was founded in 1995 as a FOUNDATION ACQUISITION: ACQUISITION: FOUNDATION: ACQUISITION: JOINT Color Texanlab Sustainable Emerald joint venture between Hoechst AG VENTURE OF: Solutions Textile Performance and Bayer Textile Dyes. In 2000, the Bayer AG and Interna
Slide 6: Financial Highlights
Financial Highlights Q3-FY22 Financial Highlights (Consolidated) Q3-FY22 Financial Highlights (Standalone) Operational Operational EBITDA EBITDA Margin EBITDA EBITDA Margin Revenue Revenue INR 485 Mn 11.29% INR 289 Mn 8.36% INR 4,294 Mn INR 3,458 Mn Net Profit PAT Margin Diluted EPS Net Profit PAT M
Slide 7: Q3-FY22 Operational Highlights
Q3-FY22 Operational Highlights Consolidated: Kiri achieved Consolidated Turnover of INR. 429.41Crore in Q3-FY22 which is 38% higher Y-O-Y and 20% higher on Q-O-Q basis. The contributors to Consolidated Net Profit after tax of INR.106.02Crore in Q3-FY22 include share of profit of DyStar (associate co
Slide 8: Update on Dystar court case in Singapore
Update on Dystar court case in Singapore Kiri Industries Limited (Kiri) has been awarded valuation of US$ 481.60 Million for its 37.57% stake in DyStar Global Holdings Pte Ltd (DGH) on June 21, 2021, by Singapore International Commercial Court (SICC) which has been crystalized based on the financial
Slide 9: 9M/Q3-FY22 Financial Highlights
9M/Q3-FY22 FINANCIAL HIGHLIGHTS 8
Slide 10: Q3-FY22 Standalone Income Statement
Q3-FY22 Standalone Income Statement PARTICULARS (INR Mn) Q3-FY22 Q3-FY21 Y-o-Y Q2-FY22 Q-o-Q Revenue from Operations 3,458 2,344 47.5% 2,633 31.3% Total Expenses 3,169 2,199 44.1% 2,633 20.3% EBITDA 289 145 99.3% NA NA EBITDA Margin(%) 8.36% 6.19% 217 Bps NA NA Other Income 4 6 (33.3)% 4 NA Deprecia
Slide 11: 9M-FY22 Standalone Income Statement
9M-FY22 Standalone Income Statement PARTICULARS (INR Mn) 9M-FY22 9M-FY21 Y-o-Y Revenue from Operations 8,086 4,140 95.3% Total Expenses 7,834 4,406 77.8% EBITDA 252 (266) NA EBITDA Margin(%) 3.12% NA NA Other Income 13 17 (23.5)% Depreciation 328 273 20.1% Finance Cost 33 28 17.9% PBT (96) (550) NA
Slide 12: Q3-FY22 Consolidated Income Statement
Q3-FY22 Consolidated Income Statement PARTICULARS (INR Mn) Q3-FY22 Q3-FY21 Y-o-Y Q2-FY22 Q-o-Q Revenue from Operations 4,294 3,103 38.4% 3,579 20.0% Total Expenses 3,809 2,712 40.4% 3,300 15.4% EBITDA 485 391 24.0% 279 73.8% EBITDA Margin 11.29% 12.60% (131) Bps 7.80% 349 Bps Other Income 5 7 (28.6)
Slide 13: 9M-FY22 Consolidated Income Statement
9M-FY22 Consolidated Income Statement PARTICULARS (INR Mn) 9M-FY22 9M-FY21 Y-o-Y Revenue from Operations 10,801 5,941 81.8% Total Expenses 9,836 5,606 75.5% EBITDA 965 335 NA EBITDA Margin 8.93% 5.64% 329 Bps Other Income 14 18 (22.2)% Depreciation 382 326 17.2% Finance Cost 34 29 17.2% PBT 563 (2)
Slide 14: Historical Financials
Kiri Industries Limited Fienre fall of Colors HISTORICAL FINANCIALS
Slide 15: Historical Standalone Income Statement
Historical Standalone Income Statement PARTICULARS (INR Mn) FY19 FY20 FY21 9M-FY22 Revenue from Operations 10,619 9,690 6,892 8,086 Total Expenses 9,055 8,729 6,901 7,834 EBITDA 1,564 961 (9) 252 EBITDA Margin 14.73% 9.92% NA 3.12% Other Income 28 41 20 13 Depreciation 285 366 390 328 Finance Cost 4
Slide 16: Standalone Balance Sheet
Standalone Balance Sheet PARTICULARS (INR Mn) FY20 FY21 H1-FY22 PARTICULARS (INR Mn) FY20 FY21 H1-FY22 Equity Non Current Assets 7,665 8,094 8,140 6,730 6,346 6,176 a) Property, Plant and Equipment 4,635 5,189 5,123 Equity Share Capital 336 336 400 b) Other Intangible assets - - 1 Other Equity 6,394
Slide 17: Historical Consolidated Income Statement
Historical Consolidated Income Statement PARTICULARS (INR Mn) FY19 FY20 FY21 9M-FY22 Revenue from Operations 13,938 13,054 9,570 10,801 Total Expenses 11,628 11,193 8,744 9,836 EBITDA 2,310 1,861 826 965 EBITDA Margin (%) 16.57% 14.26% 8.63% 8.93% Other Income 27 53 22 14 Depreciation 376 444 461 38
Slide 18: Consolidated Balance Sheet
Consolidated Balance Sheet PARTICULARS (INR Mn) FY20 FY21 H1-FY22 PARTICULARS (INR Mn) FY20 FY21 H1-FY22 Equity 19,334 21,844 23,761 Non Current Assets 18,919 21,575 23,335 Equity Share Capital 336 336 400 a) Property, Plant and Equipment 5,062 5,591 5,502 Other Equity 18,998 21,508 23,361 b) Other
Slide 19: Consolidated Financial Highlights
Consolidated Financial Highlights Operational Revenue (INR Mn) EBITDA (INR Mn) & PAT (INR Mn) & PAT Margins (%) EBITDA Margins (%) 13,938 15.94% 16.57% 1,576 13,054 14.26% 11,983 11,352 13.27% 2,310 1,267 10,801 1,157 9,570 1,810 1,095 1,861 8.63% 8.93% 1,590 4.05% 965 2.28% 826 9.14% 11.16% 11.31%
Slide 20: Capital Markets
Capital Markets Share Price as on 31st December 40% 30% 20% 10% 0% -10% -20% -30% Jan/21 Feb/21 Mar/21 Apr/21 May/21 Jun/21 Jul/21 Aug/21 Sep/21 Oct/21 Nov/21 Dec/21 Kiri Sensex Price Data (31st December, 2021) INR Shareholding Pattern as on 31st December, 2021 Face Value 10.0 Market Price 486.5 Pub
Slide 21: Disclaimer
Disclaimer Kiri Industries Limited Disclaimer: The information contained in this presentation is only current as of its date. All actions and statements made herein or otherwise shall be subject to the applicable laws and regulations as amended from time to time. There is no representation that all
Slide 22: Thank You
Kiri Industries Limited Fienre fall of Colors THANK YOU