Jk Paper Limited · NSE:JKPAPER
Jk Paper — Investor Presentation (June 2017)
27 slides from Jk Paper's investor presentation, Jun 2, 2017
Slide 1: Intimation to stock exchanges of analysts/investors meeting
IK PAPER LTD. Nehru House, 4 Bahadur Shah 7-atar Ylarg, New Delhi- I I 0002 JKPtSHt2017 1't June 2017 Elqctronic Filins Department of Corporate Services/Listing National Stock Exchange of lndia Ltd. BSE Limited "Exchange Plaza" Bandra-Kurla Ph iroze Jeejeebhoy Towers, Complex, Bandra (E), Dalal Stre
Slide 2: JK Paper Today
JK Paper Today Corporate Presentation An Industry benchmark with Power Packed Brands 31st May, 2017
Slide 3: JK Paper is one of the leading companies of JK Organisation
JK Paper Ltd is one of the leading companies of JK Organisation – a prominent business house of India founded over 100 years ago Paper Cement Tyre Rs. Cr. Mkt Cap 5,838 Rs. Cr. Rs. Cr. Revenue 3,289 Mkt Cap 1,715 Mkt Cap 3,806 Revenue 2,989 Revenue 8,318 V-Belts- Oil Seals & Power Agri Genetics USD
Slide 4: JK Paper - History & Milestones
JK Paper - History & Milestones 75 YEARS JOURNEY OF JK PAPER Started Manufacturing Straw Board at First Integrated Pulp & Paper company in India & 3rd Paper Company 1938 Bhopal with a capacity of 3,600 TPA in the World to get Award for TPM Excellence – First Category from JIPM Installed 1st Fine Pap
Slide 5: JK Paper – Shareholding Pattern
JK Paper – Shareholding Pattern Major Institutional Investors Shareholding Pattern As of 6th May 2017 Others Promoters Employee including NRIs 52.5% Trusts 6.0% 10.5% Individuals 13.0% Institutions 18.0% 4 J K PAPER …….Creating Lasting Impressions Slide No.4
Slide 6: JK's Brands are Industry Benchmarks In Respective Product Categories
JK’S Brands are Industry Benchmarks In Respective Product Categories Plants with state of the art technology and minimal environmental impact Panoramic view of the Unit JKPM (Orissa) Copier Paper (Market Leader – Current Mkt. Share is 24% *) Coated Paper ( Amongst top Two – Current Mkt. Share is 12%
Slide 7: Strategic Geographical Presence
Strategic Geographical Presence Total Production Capacity • Strategic location Saleable Product : 455,000 tons per annum (tpa) Pulp : 276,000 tpa (BD) – JKPM located close to raw material sources – CPM located close to large end customers & port • Strong distribution reach – 4 regional offices UNIT
Slide 8: Global v/s Indian Paper Industry
Global v/s Indian Paper Industry 250 World Per Capita Consumption (Paper + Board) in Kgs -2014 224 218 200 159 156 150 100 75 66 47 57 50 30 29 11.5 8 0 Source: PPI J K PAPER …….Creating Lasting Impressions Slide No.7
Slide 9: Global v/s Indian Segmental Growth
Global v/s Indian Segmental Growth Volume (Mn Tons) Share % Projected 2015-16 2015-16 2020-21 2015-16 2015-16 2020-21 Growth% SN Product Global India Global India Global India 1 2 3 4 5 6 7 8 1 Coated (CWF) 25.9 0.8 1.0 6.4 4.9 4.6 -0.5 5.3 2 Uncoated (UWF) (2.1+2.2) 54.4 3.9 4.8 13.5 25.4 23.1 -0.3
Slide 10: New Project at Unit - JKPM (I)
New Project at Unit - JKPM……(I) Fibreline (215,000 TPA) Paper Machine (165,000 TPA) J K PAPER …….Creating Lasting Impressions Slide No.9
Slide 11: New Project at Unit - JKPM (II)
New Project at Unit - JKPM……(II) Power Plant A4 Cutting Line Robotic Palletizer J K PAPER …….Creating Lasting Impressions Slide No.10
Slide 12: JKPL Performance
JKPL Performance EBITDA (Rs. Crore) 160 151 25.0% 142 128 140 20.0% 120 EBITDA % 100 117 15.0% 103 104 97 98 80 93 10.0% 60 77 5.0% 40 53 45 20 0.0% Q-1 Q-2 Q-3 Q-4 Q-1 Q-2 Q-3 Q-4 Q-1 Q-2 Q-3 Q-4 2014-15 2015-16 2016-17 EBITDA (Rs. Crore) EBITDA % Note: FY 2016-17 & FY 2015-16 are as per Ind AS, he
Slide 13: Key Financials for Q4 & 12 Months (FY 2016-17 vs FY 2015-16)
JK Paper - Key Financials for Q4 & 12 Months (FY 2016-17 vs FY 2015-16) Rs. Cr. 4th Quarter (Q4) 12 Months Unit 2016-17 2015-16 % Growth 2016-17 2015-16 % Growth Sales Volume MT 1,24,716 1,26,236 (1.2) 4,81,828 4,59,977 4.8 Uncoated Paper MT 76,708 80,812 (5.1) 2,99,241 2,91,138 2.8 Coated Paper MT
Slide 14: JKPL - Profitability
JKPL - Profitability Rs. Cr. 2013-14 2014-15 2015-16 2016-17 S.N. Description 12 Months 12 Months 12 Month Q1 Q2 Q3 Q4 12 Months 1 Gross Revenue from Operations 2,025 2,515 2,881 711 769 722 788 2,989 1.1 Net Revenue from Operations 1,838 2,280 2,564 638 721 671 735 2,764 2 Cost of Materials Consume
Slide 15: Industry Turnaround... (I)
Industry Turnaround... (I) 1. Stability / Moderation in Raw Material Price 2. Moderation / Stability in Chemical Prices 3. Stability in Coal Prices 4. Gradual uptick in output price after capacity absorption J K PAPER …….Creating Lasting Impressions Slide No.14
Slide 16: Industry Turnaround... (II)
Industry Turnaround... (II) JKPL - Hardwood Prices (Rs./ADMT) 11,000 10,000 9,000 Rs. / ADMT 8,000 7,000 6,000 5,000 4,000 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2010- 2011- 2012- 2013- 2014- 2015- 2015- 2015- 2015- 2016- 2016- 2016- 2016- 11 12 13 14 15 16 16 16 16 17 17 17 17 Hardwood 4,290 5,237 6,558 8,962 9,7
Slide 17: JK Paper - Performance Highlights (FY 2016-17)
JK Paper - Performance Highlights (FY 2016-17) 1. Increase in Copier Market share to 24 %* in Domestic Market from 19 % in FY 2012-13 2. Highest ever Production of 4.70 Lac MT during FY 16-17 (4.50 Lac MT in FY 15-16) 3. Highest ever Sales 4.82 Lac MT during FY 16-17 year (4.60 Lac MT in FY 15-16).
Slide 18: Consumption – Electricity & Coal
JK Paper (Total Company) Consumption – Electricity & Coal Electricity Consumption - Per MT of Paper & Board 1,400 1,300 Kwh/MT of Output 1,200 1,100 1,000 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 JKPL 1,378 1,398 1,250 1,191 1,180 1,153 1,120 1,176 1,161 1106 1,058 Coal Consumption - P
Slide 19: Unit JKPM Efficiency Improvements
JK Paper (Unit – JKPM) Efficiency Improvements Power Kwh/T Paper Coal T/T Paper 1500 2.50 1389 2.06 1368 1369 1.90 1.88 1400 1356 2.00 1287 1.53 1300 1.50 1211 1.02 1176 0.81 1200 1138 1.00 0.74 0.65 1131 1116 0.59 0.58 1100 0.50 1000 - Water M3/T Paper Furnish Kg Pulp/T paper 100 86 880 861 856 858
Slide 20: Unit JKPM Chemical Consumption – Kg/T Pulp
JK Paper (Unit – JKPM) Chemical Consumption – Kg /T Pulp Lime Kg/T Pulp Caustic Kg/T Pulp 600 570 120 102 534 538 504 100 87 85 79 481 72 73 500 466 468 461 460 80 64 452 58 55 56 60 400 40 20 300 0 Hydrogen Peroxide Kg/T Pulp Chlorine Kg/T Pulp 23 45 25 50 41 19 19 38 20 17 40 15 30 10 10 10 20 9 8
Slide 21: Quantum Jumps through continuous expansions in last one decade
Quantum Jumps through continuous expansions in last one decade 2005 - Expansion in Coated Paper, 2007 - Expansion in Packaging Board and 2013 - Expansion in Uncoated Paper Volume - '000 MT 3 Times Turnover (Gross Sales) - Rs. Cr. 4 Times 600 3,500 500 3,000 400 2,500 '000 MT Rs. Crore 300 2,000 200
Slide 22: Farm Forestry and Raw Material Security Initiatives
Farm Forestry and Raw Material Security Initiatives JK Paper – Plantation Coverage under Farm Forestry – in Hectare Clonal Development Centre 20,000 90% 17,536 Started in 1991-92 16,934 13,251 Ha area 14,877 planted in 2016-17 15,000 13,282 % within 200 km Planattion in Ha Overall > 1.50 Lac H
Slide 23: Financial Highlights – Profitability
Financial Highlights – Profitability Sl. Financial Year >>> 2012-13 2014-15 2015-16 2016-17 No. 1 Quantity In MT 1.1 Production 2,92,582 4,13,835 4,49,918 4,70,292 1.2 Capacity Utilisation 101% 91% 99% 103% 1.3 Sales Volume 2,90,421 3,98,387 4,59,977 4,81,828 2 Operating Results In Rs. Cr. 2.1 Gross
Slide 24: Financial Highlights – Balance Sheet
Financial Highlights – Balance Sheet Year End >>> 31st March 2014 2015 2016 2017 Total Assets 3,058 2,897 3,081 3,118 Net Fixed Assets 2,465 2,294 2,751 2,636 CWIP 17 28 20 16 Investments 96 28 40 271 Net Current Assets (excl. cash) 472 530 255 168 Cash / Bank balance 8 17 15 27 Capital Employed 3,0
Slide 25: Key Awards & CSR
Key Awards & CSR Key Awards received in last one year Livelihood Interventions CSR Unit JKPM 1. 148 Self help Groups (SHGs) with over 1500 female members 1. 1st Prize in the prestigious “National Energy Conservation 2. 456 SC & ST youth mobilised and micro enterprises viz., tailoring, Award 2015” an
Slide 26: Disclaimer
Disclaimer This presentation (the “Presentation”), which has been prepared by JK Paper Ltd. (the “Company”), has been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form the basis or be
Slide 27: THANK YOU
THANK YOU J K PAPER …….Creating Lasting Impressions Slide No.26