Jain Irrigation Systems Limited · NSE:JISLDVREQS

Jain Irrigation Systems — Q3 FY2017 Earnings Presentation

21 slides from Jain Irrigation Systems's earnings presentation, Dec 31, 2016

  1. Slide 1: Investor Communication 3QFY17 & 9MFY17

    In first ever Fortune 'Change The World' list of 2015, Jain Irrigation ranks 7th among 51 companies of the world INVESTOR COMMUNICATION 3QFY17 & 9MFY17

  2. Slide 2: Financial Discussion – 3QFY17 & 9MFY17

    FINANCIAL DISCUSSION – 3QFY17 & 9MFY17 2

  3. Slide 3: Management Comments

     Management Comments Vice Chairman and Managing Director of the Company, Mr. Anil Jain said We have managed to register positive revenue growth, better working capital cycle and improved margins in domestic market despite shock of demonetization in 3QFY17. This became possible because of focus on i

  4. Slide 4: Positive Outcomes during ongoing FY17

    Positive Outcomes during ongoing FY17 • Retail micro irrigation sales improved by 3.3% during 3FY17 and 6.9% during 9MFY17 on YoY basis • YoY growth in consolidated EBIDTA of 12.3% during 9MFY17 standing at INR 6,425 Mn (as compared with 9MFY16 consolidated EBIDTA of INR 5,723 Mn) • On the path of i

  5. Slide 5: Consolidated Performance Overview: 3QFY17

    Consolidated Performance Overview : 3QFY17  Revenue increased by 4.7 % on Y-o-Y basis by registering positive growth in all the business divisions  Revenue of Hi-tech Agri Input Products Division registered lower single digit growth on account of lower take off in Indian and overseas markets. Slow

  6. Slide 6: Consolidated Performance Overview: 9MFY17

    Consolidated Performance Overview : 9MFY17  Overall revenue increased by 5.7% on YoY, registering positive growth in all the business divisions  Hi-tech Agri Input Products Division registered the growth of 2.6% on YoY basis. This was however, on account of slower 1QFY2017 attributed to lower wate

  7. Slide 7: Standalone Performance Overview: 3QFY17

    Standalone Performance Overview : 3QFY17  Standalone financials of the Company for this quarter are not comparable as 3QFY17 does not include Agro Processing Division. For the purpose of comprehension, some of the below analysis is carried out excluding the performance of the Agro Processing Divisi

  8. Slide 8: Standalone Performance Overview: 9MFY17

    Standalone Performance Overview : 9MFY17  Standalone financials of the Company for 9MFY17 are not comparable as 9MFY17 does not include Agro Processing Division. For the purpose of comprehension, some of the below analysis is carried out excluding the performance of the Agro Processing Division in

  9. Slide 9: Consolidated Financial Performance

    Consolidated Financial Performance Consolidated Highlights 9MFY17 9MFY16 Rs. Mn  Revenue increased by 5.7% on Y-o-Y basis Total Income 46,528 44,000  EBIDTA for 9MFY17 is at 13.8% as against 13.0% in EBIDTA 6,425 5,723 9MFY16 with increase of 12.3% on Y-o-Y basis PAT (Loss) 927 (139)  Multifold i

  10. Slide 10: Standalone Financial Performance

    Standalone Financial Performance Standalone Highlights 9MFY17 9MFY16 Rs. Mn  9MFY16 numbers include Agro Processing Division, Total Income 25,339 29,447 hence not strictly comparable with 9MFY17 EBIDTA 4,198 4,576  Based on adjacent numbers, EBIDTA improved to 16.6% PAT 405 34 from 15.5% Cash PAT*

  11. Slide 11: Overview - Consolidated Revenue: 3QFY17

    Overview - Consolidated Revenue: 3QFY17 3QFY17 3QFY16 Geography YoYG Mix % Mix % India 53% 50% 11.4% Rest of World# 47% 50% (2.0%) Total 100% 100% 4.7% # Including exports from India India Standalone Revenue Contribution Consolidated Revenue Contribution 5% 5% Hi-tech Agri 44% Hi-tech Agri Input Inp

  12. Slide 12: Overview - Consolidated Revenue: 9MFY17

    Overview - Consolidated Revenue: 9MFY17 9MFY17 9MFY16 Geography YoYG Mix % Mix % India 54% 53% 7.6% Rest of World# 46% 47% 3.6% Total 100% 100% 5.7% # Including exports from India India Standalone Revenue Contribution Consolidated Revenue Contribution 5% 4% Hi-tech Agri 46% Input Products 24% 49% Di

  13. Slide 13: Overview - Standalone Revenue: 3QFY17

    Overview - Standalone Revenue: 3QFY17 (Excludes Agro Processing Division performance in FY 16) Segment Revenue Contribution 100% 4% 6% 3QFY17 3QFY16 90% Geography YoYG 25% Mix % Mix % 80% 70% 50% Domestic 90% 84% 12.5% 60% 50% 96% Export 10% 16% -32.3% 40% 75% 30% 44% 20% Total 100% 100% 5.2% 10% 0%

  14. Slide 14: Overview - Standalone Revenue: 9MFY17

    Overview - Standalone Revenue: 9MFY17 (Excluding Agro Processing Division performance FY 16 numbers) Segment Revenue Contribution 100% 9MFY17 9MFY16 7% 6% 90% Geography YoYG Mix % Mix % 80% 35% 70% 44% Domestic 92% 89% 7.0% 60% 50% 93% Export 8% 11% (17.8%) 40% 65% 30% 50% 20% Total 100% 100% 4.4% 1

  15. Slide 15: Net Debt Position

    Net Debt Position INR Bn. Dec 31, 2016** Sept 30, 2016** Change (QoQ) Dec 31, 2015 Standalone (Total) 27.33 27.98 (0.66) 33.02 Long Term 13.08 13.34 (0.26) 15.70 Short Tem 15.67 15.85 (0.18) 18.85 Cash & Cash equivalent -1.43 -1.21 (0.22) -1.53 Consolidated (Total) 41.65 41.26 0.39 44.01 Long Term 1

  16. Slide 16: Working Capital Analysis

    Working Capital Analysis Standalone Days DSO^ Dec 31, 2016 DSO^ Sept 30, 2016 Inventory AR(gross) Net* Inventory AR(gross) Net* Hi Tech 109 183 206 104 195 234 Plastic 53 106 118 55 117 110 Total* 89 162 187 87 177 202 * Including Other Division • Improvement of 15 days in overall net working capita

  17. Slide 17: MIS Analysis - India

    MIS Analysis - India MIS –Revenues INR Mn 3Q FY17 3Q FY16 Change YoY% Retail & Institution 2,973 2,878 3.3% Project 549 554 -0.8% Domestic Total 3,523 3,432 2.6% Export 483 451 7.1% Total 4,006 3,883 3.2% MIS -Receivables INR Mn Mar 31, 2015 Dec 31, 2015 Mar 31, 2016 Sept 30, 2016 Dec 31, 2016 Chang

  18. Slide 18: Recent Updates (1/2)

    RECENT UPDATES (1/2)  Green Bond / Notes Issuance (Maiden bond issuance from the group) On February 1, 2017 JITBV (100% Subsidiary of JISL) issued long term notes worth USD 200 Mn at below terms: Particulars Details Issue Size USD 200 Mn Listed on Singapore Stock Exchange Issue ratings “B+” by S&P

  19. Slide 19: Recent Updates (2/2)

    RECENT UPDATES (2/2)  Organic Initiatives o JISL and JFFFL envisage to develop the integrated park in Kurnool District. Broadly the projects consisting of food processing units, high tech agri-inputs units and other technological intervention o JFFFL to set up a nursery and ultra modern orange proc

  20. Slide 20: JISL Value Proposition

    JISL Value Proposition Large domestic and global growth opportunities • Increasing MIS penetration a central and state government priority. Addressing climate change • Food business growth momentum to continue • Pipes business strongly correlated with Indian infrastructure spend Best-in class, fully

  21. Slide 21: Small Ideas…Big Revolutions Thank You

    SMALL IDEAS…BIG REVOLUTIONS THANK YOU DISCLAIMER Some of the statements in this presentation contain forward looking information that involve a number of risks and uncertainties. Such statements are based on a number of assumptions, estimates, projections or plans that are inherently subject to sign

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