Kiri Industries Limited · NSE:KIRIINDUS
Kiri Industries — Q1 FY2020 Earnings Presentation
23 slides from Kiri Industries's earnings presentation, Aug 13, 2019
Slide 1: Intimation of Earnings Conference Call and Presentation
August 13, 2019 To, To, BSE Limited National Stock Exchange of India Limited pt Floor, Rotunda Building, Exchange Plaza, Bandra Kurla Complex, B.S. Marg, Fort, Mumbai - 400 001 Bandra (E), Mumbai - 400 051 Scrip Code: 532967 Scrip 10 - KIRIINOUS Dear Sir/Madam, Sub: Intimation of Earnings Conference
Slide 2: Earnings Con-Call Invite
EARNINGS CON-CALL INVITE Valorem Advisors is pleased to invite you for a Conference Call to discuss Q1-FY20 earnings of on Wednesday 14th August, 2019 at 9:00 am Kiri Industries Limited’s Management will be represented by: Mr. Manish Kiri – Managing Director Mr. Jayesh Hirani – Senior Manager (Accou
Slide 3: Kiri Industries Limited Q1-FY20 Earnings Presentation
Kiri Industries Limited Q1-FY20|EARNINGS PRESENTATION
Slide 4: 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 6,625 of the largest manufacturers and exporters of a 4,629 wide range of Dyes, Dyes Intermediates and 3,681 4,879 Basic Chemicals from India
Slide 5: 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 6: 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 7: Q1-FY20 Financial Highlights
5 Q1-FY20 Financial Highlights Q1-FY20 Financial Highlights (Standalone) Q1-FY20 Financial Highlights (Consolidated) • Operational Revenue: INR 2,782 Mn • Operational Revenue: INR 3,664 Mn • EBITDA: INR 380 Mn • EBITDA: INR 618 Mn • EBITDA Margin: 13.66% • EBITDA Margin: 16.87% • Net Profit: INR 259
Slide 8: Q1-FY20 Operational and Financial Highlights
6 Q1-FY20 Operational and Financial Highlights • The product portfolio enabled the company to achieve incremental sales volume of dyes in the export market whereas speciality dyes Intermediates in the domestic market, which was enhanced over the last two years. • Kiri’s ongoing expansions of multipu
Slide 9: Q1-FY20 Operational and Financial Highlights
7 Q1-FY20 Operational and Financial Highlights • It is very important to note that these margins and EBITDA improvements have come despite substantial continuing legal expenses relating to the ongoing litigation and subsequent proceedings at Singapore. • The results of DyStar, while containing sever
Slide 10: Q1-FY20 Financial Highlights
Q1-FY20 Financial Highlights
Slide 11: Q1-FY20 Standalone Income Statement
9 Q1-FY20 Standalone Income Statement PARTICULARS (INR Mn) Q1-FY20 Q1-FY19 Y-o-Y Q4-FY19 Q-o-Q Revenue from Operations 2,782 2,403 15.8% 3,049 (8.8)% Total Expenses 2,402 1,983 21.1% 2,705 (11.2)% EBITDA 380 420 (9.5)% 344 10.5% EBITDA Margin (%) 13.66% 17.48% (382) Bps 11.28% 238 Bps Other Income 1
Slide 12: Q1-FY20 Standalone Financial Highlights
10 Q1-FY20 - Standalone Financial Highlights Operational Revenue (INR Mn) EBITDA (INR Mn) 420 2,782 380 2,403 Q1-FY19 Q1-FY20 Q1-FY19 Q1-FY20 PAT (INR Mn) EBITDA Margin (%) & PAT Margin (%) 351 17.48% 13.66% 259 14.61% 9.31% Q1-FY19 Q1-FY20 Q1-FY19 Q1-FY20 EBITDA (%) PAT (%)
Slide 13: Q1-FY20 Consolidated Income Statement
11 Q1-FY20 - Consolidated Income Statement PARTICULARS (INR Mn) Q1-FY20 Q1-FY19 Y-o-Y Q4-FY19 Q-o-Q Revenue from Operations 3,664 3,331 10.0% 3,860 (5.1)% Total Expenses 3,046 2,657 14.6% 3,389 (10.1)% EBITDA 618 674 (8.3)% 471 31.2% EBITDA Margin (%) 16.87% 20.23% (336) Bps 12.20% 467 Bps Other Inc
Slide 14: Q1-FY20 Consolidated Financial Highlights
12 Q1-FY20 - Consolidated Financial Highlights Operational Revenue (INR Mn) EBITDA (INR Mn) 3,664 674 3,331 618 Q1-FY19 Q1-FY20 Q1-FY19 Q1-FY20 PAT (INR Mn) EBITDA Margin (%) & PAT Margin (%) 506 20.23% 393 16.87% 15.19% 10.73% Q1-FY19 Q1-FY20 Q1-FY19 Q1-FY20 EBITDA (%) PAT (%)
Slide 15: Historical Financials
> NP HISTORICAL FINANCIALS
Slide 16: Standalone Income Statement
14 Standalone Income Statement PARTICULARS (INR Mn) FY16** FY17** FY18** FY-19 Q1-FY20 Revenue from Operations 9,557 10,335 9,013 10,619 2,782 Total Expenses 8,733 9,059 7,712 9,055 2,402 EBITDA 824 1,276 1,301 1,564 380 EBITDA Margin 8.62% 12.35% 14.43% 14.73% 13.66% Other Income 79 20 33 28 1 Depr
Slide 17: Standalone Balance Sheet
15 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 18: Consolidated Income Statement
16 Consolidated Income Statement PARTICULARS (INR Mn) FY16** FY17** FY18** FY19 Q1-FY20 Revenue from Operations 11,119 11,983 11,352 13,938 3,664 Total Expenses 9,880 10,393 9,542 11,628 3,046 EBITDA 1,239 1,590 1,810 2,310 618 EBITDA Margin (%) 11.14% 13.27% 15.94% 16.57% 16.87% Other Income 13 24
Slide 19: Consolidated Balance Sheet
17 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 20: Consolidated Financial Highlights
18 Consolidated Financial Highlights Total Revenue (INR Mn) EBITDA (INR Mn) & PAT(INR Mn) & PAT 13,938 EBITDA Margins (%) Margins(%) 11,119 11,983 11,352 15.94% 16.57% 13.27% 11.14% 11.16% 11.31% 9.14% 2.49% 1,239 1,590 1,810 2,310 257 1,095 1,267 1,576 FY16 FY17 FY18 FY19 FY16 FY17 FY18 FY19 FY16 F
Slide 21: Capital Markets
19 Capital Markets Share Price Data as on 30th June 2019 40% 20% 0% -20% -40% Jul-18 Aug-18 Sep-18 Oct-18 Nov-18 Dec-18 Jan-19 Feb-19 Mar-19 Apr-19 May-19 Jun-19 kiri sensex Price Data (30th June, 2019) INR Shareholding Pattern as on 30th June, 2019 Face Value 10.00 Market Price 510.75 Public 52 Wee
Slide 22: Disclaimer
20 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 23: Thank You
THANK YOU