Jain Irrigation Systems Limited · NSE:JISLDVREQS
Jain Irrigation Systems — Q4 FY23 Earnings Presentation
28 slides from Jain Irrigation Systems's earnings presentation, May 26, 2023
Slide 1: Exchange cover letter: Investor Communication
Regd. Office: Jain Plastic Park, N.H.No. 6, Bambhori, Jalgaon – 425 001. India. Tel: +91-257-2258011; Fax: +91-257-2258111; E-mail: jisl@jains.com; Visit us at: www.jains.com CIN: L29120MH1986PLC042028 JISL/SEC/2023/05/B-2/B-6 26th May, 2023 To, To, Bombay Stock Exchange Ltd., National Stock Exchang
Slide 2: Investor Presentation Q4FY23 & FY23
Small Ideas. Big Revolutions.® Investor Presentation Q4FY23 & FY23 26-May-2023 “Leave this world better than you found it” Bhavarlal H. Jain (1937-2016) Founder
Slide 3: Contents
Contents 1 Company Overview 2 Business Verticals 3 Significant Positive developments 4 Financial Performance 5 Revival and Way forward
Slide 4: Company overview
Company overview
Slide 5: Company Snapshot
Company Snapshot 1963 19 9000+ ₹ 57.4Bn Established Manufacturing Associates Consolidated Revenues Plants globally Globally as on 31st March, 2023 4,000+ 126 110BN± Mn+ ₹ 7.3Bn Dealers & distributors Countries reached through Farmers' lives have been Consolidated EBITDA as our Products and Services
Slide 6: Touching lives in more than one way
Touching lives in more than one way DRIP SPRINKLER PRECISION TISSUE RESOURCE IRRIGATION IRRIGATION FARMING CULTURE TO ROOT PVC PIPES & PE PIPE & PLUMBING DRINKING PLASTIC FITTINGS FITTINGS SYSTEMS WATER SOLUTION SHEETS FRUIT SPICES DEHYDRATED IQF RENEWABLE PROCESSING PROCESSING PRODUCTS PRODUCTS ENE
Slide 7: Business Verticals
Business Verticals
Slide 8: Well diversified business, technologically advanced product range and manufacturing facilities
Well diversified business, technologically advanced product range and state of the art manufacturing facilities keeps us at the heart of customer needs Hi-Tech Agri Plastic Hi-tech ► Drip & Sprinkler Systems Precision Farming Agri Inputs ► PVC Pipes, fittings, Polyethylene Pipes Advisory Turnkey Pro
Slide 9: Business Verticals
Business Verticals Consolidation-₹57.47 Bn Food- Overseas Operation - Standalone-₹36.14 Bn ₹ 6.60Bn ₹ 14.73 Bn Hi‐tech Agri Plastic Product Others Agro Processing Input Products Plastic products Agro Processing Micro Irrigation PVC Piping Solar Thermal Fruits processing Systems Products Products Pla
Slide 10: Production Facilities – India
Production Facilities – India Jain Plastic Park Jain Agri Park Jain Food Park Jain Food Park Jain Energy Park Jain Plastic Park Jalgaon (Maharashtra) Jalgaon (Maharashtra) Jalgaon (Maharashtra) Jalgaon (Maharashtra) Jalgaon (Maharashtra) Kurnool, AP Micro Irrigation, Agri R&D - Tissue Fruit Processi
Slide 11: Production Facilities – Overseas
Production Facilities – Overseas Jain Farm Fresh SQF Ltd. Jain Farm Fresh Turkey UK Food Inc. Food Processing Food Processing USA Food Processing Ex-Cel Plastics Ltd. Innovafood N.V. Ireland Belgium Plastic Sheet 10 Food Processing
Slide 12: Significant Positive Developments
Significant Positive Developments
Slide 13: Significant Positive Developments
Significant Positive Developments The Company successfully closed merger deal with Rivulis on 29th March 2023. The Company successfully implemented restructuring plan within a period of one year as on 31st March 2023 The Company’s Credit Rating was upgraded to Standard Asset (BBB-) by CRISIL and ICR
Slide 14: Structurally positive impact of Merger Deal
Structurally positive impact of Merger Deal Significant increase in Net Worth by ₹15,251 mio (41.7%) : Increase in Net worth from ₹ 36,560 mio as on March 31, 2022 to ₹ 51,811 mio as on March 31, 2023 DEBT Reduction by ₹ 26,830 (41.9%): Total Consolidated Debt reduced from ₹ 64,049 mio as on March 3
Slide 15: Financial Performance
Financial Performance
Slide 16: Financial Performance – Standalone
Financial Performance – Standalone All figures in ₹ Million Particulars Q4FY23 Q4FY22 YoY change FY23 FY22 YoY change Revenue 11,660 8,395 38.9% 36,135 28,192 28.2% Hi-Tech 6,252 4,937 26.6% 21,862 17,661 23.8% Plastic 5,304 3,398 56.1% 13,952 10,263 35.9% Other 104 60 73.3% 321 268
Slide 17: Financial Performance - Standalone
Financial Performance - Standalone The company saw significant growth in top line revenue due to strong demand from retail market, particularly from West and South for Pipe segment and continued demand from Jal Jeevan Mission (JJM) in Q4FY23. High Tech Division grown by 26.6% in Q4FY23 and 23.8%
Slide 18: Financial Performance - Consolidated
Financial Performance - Consolidated All figures in ₹ Million Particulars Q4FY23 Q4FY22 YoY change FY23 FY22 YoY change Revenue^ 17,454 13,727 27.2% 57,476 47,333 21.4% Hi-Tech 6,216 4,922 26.3% 21,848 17,697 23.5% Plastic 6,687 4,614 44.9% 18,664 14,565 28.1% Agro Processing 4,442 4,132
Slide 19: Financial Performance - Consolidated
Financial Performance - Consolidated • Revenue growth was secular across all business divisions in India during the year. EBITDA margin has shown considerable improvement on account of better realization and margins in Plastic and Food processing division • Q4FY23, Hi Tech Division growth was driven
Slide 20: Financial Performance
Financial Performance All figures in ₹ Million Standalone Consolidated Particulars 31-Mar-23 31-Dec-22 31-Mar-22 31-Mar-23 31-Dec-22 31-Mar-22 Non current assets 44,917 44,688 45,544 56,095 60,610 61,559 Current assets 38,987 38,320 37,424 53,939 65,405 64,369 Non current liabilities 366 1,187 1,382
Slide 21: Working Capital Cycle - DSO
Working Capital Cycle - DSO All figures in days (DSO) 31 Mar 23 31 Dec 22 31 Mar 22 Standalone Standalone Inventory AR NWC Inventory AR NWC Inventory AR NWC 314 274 251 250 213 225 Hi-Tech Agri 113 266 301 116 270 322 136 297 365 92 100 110 Plastic 49 123 159 58 138 170 50 155 193 Total 92 213 250 1
Slide 22: Standalone Accounts Receivables
Standalone Accounts Receivables All figures in ₹ million) Particulars 23-Mar-23 23-Mar-22 YoY change Retail 2,417 2,860 (443) DSO 44 61 (17) Government 12,541 11,401 1,140 DSO 394 619 (225) Export 5,802* 4,721 1,081 DSO 601 453 148 Total 20,760 18,982 1,778 DSO 213 251 (38) * Export receivables DSO
Slide 23: Standalone Debt Profile
Standalone Debt Profile All figures in ₹ million) Particulars Outstanding Repayment Schdule Long Term Debt 31-Mar-23 FY24 FY25 FY26 FY27 FY28 Interest RTL (incl ECB) 3,027 994 994 1,039 - - bearing Interest FITLs (incl ECB) 2,285 710 770 805 - - bearing NCDs (incl ECB) 0.01% 8,650 - - - 7,330 1,320
Slide 24: Revival and Way Forward
Revival and Way Forward
Slide 25: Management Commentary
Management Commentary “Leave this world better than you found it.” – Bhavarlal H Jain We are pleased to share with you very positive financial results of the fourth quarter and year ended as on 31 March 2023. The Company has achieved significant growth in revenue and earnings in line with the expect
Slide 26: Robust Order Book Position
Robust Order Book Position Standalone Consolidated ₹ 5,924 million ₹ 5,924 million High-Tech Agri ₹7,354 million ₹ 7,571 million Plastics* ₹ 10,053 million Agro / Food ₹ 13,278 million ₹ 23,548 million ₹ 25
Slide 27: Disclaimer
Disclaimer This investor presentation has been prepared by Jain Irrigation Systems Limited and does not constitute a prospectus or placement memorandum or an offer to acquire any securities. This presentation or any other documentation or information (or any part thereof) delivered or supplied shoul
Slide 28: You may send your queries to
You may send your queries to Mr. Avdhut Ghodgaonkar; Mr. Bipeen Valame jisl.investors@jains.com
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