Kiri Industries Limited · NSE:KIRIINDUS
Kiri Industries — Q4 FY2019 Earnings Presentation
28 slides from Kiri Industries's earnings presentation, May 30, 2019
Slide 1: Kiri Industries Limited
CD Kiri Industries Limited ~ {i:ft 0{ Cdc. w,; ••.• • May 30,2019 To, To, BSE Limited National Stock Exchange of India Limited ·l st Floor, Rotunda Building, Exchange Plaza, Bandra Kurla Complex, B.S. Marg, Fort, Mumbai - 400 001 Bandra (E), Mumbai - 400051 Scrip Code: 532967 Scrip ID - KIRIINDUS De
Slide 2: Q4-FY19 Earnings Presentation
Kiri Industries Limited Q4-FY19|EARNINGS PRESENTATION
Slide 3: Company Overview
2 Company Overview • Established in 1998, Kiri Industries Limited (KIL), Consolidated Revenue Break-up (INR Mn) is based out of Gujarat and has emerged as one 5,759 of the largest manufacturers and exporters of a 4,517 4,722 wide range of Dyes, Dyes Intermediates and 3,681 Basic Chemicals from India
Slide 4: About DyStar
3 About DyStar Total Revenue (USD Mn) KIL acquired Dystar in 2010, along with Zhenjiang 1,129 1,016 Longsheng holding 37.57% presently 938 898 822 871 • The DyStar Group is a leading dyestuff and chemical manufacturer and solution provider, offering a broad portfolio of colorants, specialty chemical
Slide 5: History
4 History COLORATION SPECIALIST FOUNDATION JOINT VENTURE OF: ACQUISITION: Bayer AG and Emerald Hoechst AG Performance (Textile dyes, ACQUISITION: FOUNDATION: Materials SOLUTION Ind. Color Solutions ACQUISITION: Sustainable Specialities SUSTAINABILITY LEADER PROVIDER Mitsubishi) International Texania
Slide 6: FY19 Financial Highlights
5 FY19 Financial Highlights Q4-FY19 Financial Highlights (Standalone) FY19 Financial Highlights (Standalone) • Total Revenue: INR 3,065 Mn • Total Revenue: INR 10,647 Mn • EBITDA: INR 360 Mn • EBITDA: INR 1,592 Mn • EBITDA Margin: 11.75% • EBITDA Margin: 14.95% • Net Profit: INR 219 Mn • Net Profit:
Slide 7: Q4-FY19 Financial Highlights
6 Q4-FY19 Financial Highlights Standalone • Topline of standalone business has increased by 18% in FY19 as compared to previous year and Kiri has earned EBIDTA of INR 159.23 Cr in the current fiscal which is 15% of total revenues of the company. • The standalone Net Profit after tax of INR 119.83 Cr
Slide 8: Q4-FY19 Operational Highlights
7 Q4-FY19 Operational Highlights • Standalone: Volume growth of dyes by 19%, dyes intermediates by 10% and basic chemicals by 10% coupled with better average realization by around 12% supported an 18% increase in revenues during current financial year as compared to previous year. In FY19, company h
Slide 9: Update on Minority Oppression Suit in the matter of DyStar
8 Update on Minority Oppression Suit in the matter of DyStar Senda' s Appeal against Honorable SICC's Order dismissed with costs. Thereby, Kiri's minority oppression suit against Senda has been now upheld and confirmed by the Honorable Supreme Court of Singapore • The Court of Appeal (Supreme Court)
Slide 10: Q4-FY19 Financial Highlights
Q4-FY19 Financial Highlights
Slide 11: Q4-FY19 Standalone Income Statement
10 Q4-FY19 Standalone Income Statement PARTICULARS (INR Mn) Q4-FY19 Q4-FY18 Y-o-Y Q3-FY19 Q-o-Q Total Income* 3,065 2,562 19.6% 2,341 30.9% Total Expenses 2,705 2,244 20.5% 2,024 33.6% EBITDA 360 318 13.2% 317 13.6% EBITDA Margin 11.75% 12.41% (66) Bps 13.54% (179) Bps Depreciation 83 73 13.7% 77 7.
Slide 12: Q4-FY19 - Standalone Financial Highlights
11 Q4-FY19 - Standalone Financial Highlights Total Revenue (INR Mn) EBITDA (INR Mn) 3,065 360 2,562 318 Q4-FY18 Q4-FY19 Q4-FY18 Q4-FY19 PAT (INR Mn) EBITDA Margin & PAT Margin 246 12.41% 11.75% 219 9.60% 7.14% Q4-FY18 Q4-FY19 Q4-FY18 Q4-FY19 EBITDA (%) PAT (%)
Slide 13: Q4-FY19 - Consolidated Income Statement
12 Q4-FY19 - Consolidated Income Statement PARTICULARS (INR Mn) Q4-FY19 Q4-FY18 Y-o-Y Q3-FY19 Q-o-Q Total Income* 3,873 3,291 17.7% 3,020 28.2% Total Expenses 3,389 2,837 18.0% 2,580 31.4% EBITDA 484 454 6.6% 440 10.0% EBITDA Margin 12.50% 13.79% (129) Bps 14.57% (207) Bps Depreciation 107 108 (0.9)
Slide 14: Q4-FY19 - Consolidated Financial Highlights
13 Q4-FY19 - Consolidated Financial Highlights Total Revenue (INR Mn) EBITDA (INR Mn) 3,873 484 3,291 454 Q4-FY18 Q4-FY19 Q4-FY18 Q4-FY19 PAT (INR Mn) EBITDA Margin & PAT Margin 296 13.79% 12.50% 263 8.99% 6.79% Q4-FY18 Q4-FY19 Q4-FY18 Q4-FY19 EBITDA (%) PAT (%)
Slide 15: FY19 Financial Highlights
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Slide 16: FY19 - Standalone Income Statement
15 FY19 - Standalone Income Statement PARTICULARS (INR Mn) FY19 FY18** Y-o-Y Total Income* 10,647 9,046 17.7% Total Expenses 9,055 7,712 17.4% EBITDA 1,592 1,334 19.3% EBITDA Margin 14.95% 14.75% 20 Bps Depreciation 285 250 14.0% Finance Cost 44 17 158.8% PBT 1,263 1,067 18.4% Tax 63 42 50.0% Profit
Slide 17: FY19 - Standalone Financial Highlights
16 FY19- Standalone Financial Highlights Total Revenue (INR Mn) EBITDA (INR Mn) 10,647 9,046 1,592 1,334 FY-18 FY-19 FY-18 FY-19 PAT (INR Mn) EBITDA Margin & PAT Margin 1,200 14.75% 14.95% 1,025 11.33% 11.27% FY-18 FY-19 FY-18 FY-19 EBITDA (%) PAT (%)
Slide 18: FY19 - Consolidated Income Statement
17 FY19 - Consolidated Income Statement PARTICULARS (INR Mn) FY19 FY18 Y-o-Y Total Income* 13,965 11,368 22.8% Total Expenses 11,628 9,542 21.9% EBITDA 2,337 1,826 28.0% EBITDA Margin 16.73% 16.06% 67 Bps Depreciation 376 341 10.3% Finance Cost 51 35 45.7% PBT 1,910 1,450 31.7% Tax 334 183 82.5% Pro
Slide 19: FY19 - Consolidated Financial Highlights
18 FY19 - Consolidated Financial Highlights Total Revenue (INR Mn) EBITDA (INR Mn) 13,965 2,337 11,368 1,826 FY18 FY19 FY18 FY19 PAT (INR Mn) EBITDA Margin (%) & PAT Margin (%) 16.06% 16.73% 1,576 1,267 11.14% 11.28% FY18 FY19 FY18 FY19 EBITDA (%) PAT (%)
Slide 20: Historical Financials
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Slide 21: Standalone Income Statement
20 Standalone Income Statement PARTICULARS (INR Mn) FY15 FY16 FY17 FY18** FY-19 Total Income* 7,826 8,967 10,355 9,046 10,647 Total Expenses 7,116 8,064 9,059 7,712 9,055 EBITDA 710 903 1,296 1,334 1,592 EBITDA Margin 9.07% 10.07% 12.52% 14.75% 14.95% Depreciation 202 204 222 250 285 Finance Cost 84
Slide 22: Standalone Balance sheet
21 Standalone Balance sheet PARTICULARS (INR Mn) FY18 FY19 PARTICULARS (INR Mn) FY18 FY19 Equity 5,109 6,307 Non Current Assets 5,554 6,922 Equity Share Capital 302 313 a) Property, Plant and Equipment 3,485 4,290 Other Equity 4,807 5,994 b) Other Intangible assets 1 1 c) Capital Work In Progress 32
Slide 23: Consolidated Income Statement
22 Consolidated Income Statement PARTICULARS (INR Mn) FY15 FY16 FY17 FY18** FY19 Total Income* 9,328 10,427 12,007 11,368 13,965 Total Expenses 8,313 9,173 10,393 9,542 11,628 EBITDA 1,015 1,254 1,614 1,826 2,337 EBITDA Margin 10.88% 12.03% 13.44% 16.06% 16.73% Depreciation 284 269 291 341 376 Finan
Slide 24: Consolidated Balance sheet
23 Consolidated Balance sheet PARTICULARS (INR Mn) FY18 FY19 PARTICULARS (INR Mn) FY18 FY19 Equity 14,047 15,673 Non Current Assets 14,286 15,673 Equity Share Capital 302 313 a) Property, Plant and Equipment 4,033 4,769 Other Equity 13,745 15,360 b) Other Intangible assets 84 70 c) Capital Work In P
Slide 25: Consolidated Financial Highlights
24 Consolidated Financial Highlights Total Revenue (INR Mn) EBITDA (INR Mn) & PAT(INR Mn) & PAT Margins 13,965 EBITDA Margins 12,007 11,368 10,427 16.06% 16.73% 12.03% 13.44% 11.14% 11.28% 9.12% 2.46% 1,254 1,614 1,826 2,337 257 1,095 1,267 1,576 FY16 FY17 FY18 FY19 FY16 FY17 FY18 FY19 FY16 FY17 FY1
Slide 26: Capital Markets
25 Capital Markets Share Price Data as on 31st March, 2019 60% 40% 20% 0% -20% Apr-18 May-18 Jun-18 Jul-18 Aug-18 Sep-18 Oct-18 Nov-18 Dec-18 Jan-19 Feb-19 Mar-19 Kiri Sensex Price Data (31st March, 2019) INR Shareholding Pattern as on 31st March, 2019 Face Value 10.00 Market Price 496.3 Public 52 W
Slide 27: Disclaimer
26 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 a
Slide 28: Thank You
THANK YOU