Slide 1: Cover letter to stock exchanges on investor presentation and call
fFIl Industries Limited Corporate Office I Ptot No.lND-S, Sector-l East Kolkata Township, Kolkata - 7OO 1O7 Telephone : (91) (33) 3984947st9524 4th June,2022 Fax : (91) (33) 39849626 Web : www.ifoindustries.com The Manager Dcpartment of Corporate Services Bombay Stock Exchange Ltd, Phiroze ]eejeebho
Slide 2: IFB Industries Limited Financial Report Quarter and Year Ended 31st March 2022
rrIr IFB lnclustries Limited Financial Report s: I ' r.r{rlai'1i Quatter and Year. Ended ilst Marefii'igti'
Slide 3: Trend for the Quarter
Trend for the Quarter 4 Revenue (( in crore) Operating Profit/EBDITA (t in crore) 60 50 40 30 20 10 0 -10 FY FY FY FY FY FY FY FY FY FY '17-',18 'l8-'l I '19-',20 '20-'21 '21-',22 '17-'18 'l8-'19 '19-',20 '20-'21 '21-',22 lo+ fq+ Free cashflow for last Five years ({ in crore) 250 200 150 100 50 0 -5
Slide 4: Financial Report-Quarter and Year Ended 31st March 2022
Financial Report-Quarter and Year Ended il st March,2A2Z (t in Crore) Total Revenue Revenue from Operations EBDITA B8B.BO 884.31 -6.77 +9.6o/a +l0o/o -'111.7o/o EBDITA Margin o/o Net Profit Margin EPS -4.76 -3.21o/o ((-)7.0s -789 bps -386 bps -638.2a/o Receivables lnventories Accounts Payable 296.39
Slide 5: Financial Review Q4
Financial Report-Quarter and Year Ended jl st March,2OZ2 Financial Review Q4 ({ in crore) Q+ (FY',21 -',221 Q4 (Fy ',2}-',21) yTD (Fy ',21-',221 yTD (Fy '20-'21) Revenue from Operations 884.29 8O4.23 3,339.OO 2,731.34 EB ITDA (6.77) 57.82 68.19 227.72 EBITDA o/o on Revenue (o.77) 7.19 2.O4 8.34 EBT
Slide 6: Financial review commentary and corrective actions
a result of the low sales in the months mentioned, high commodity prices throughout the year which includes 4 high freight, higher semi-conductor prices, etc and as stated, moderate performance in a few branches causing overall EBIDTA to be very low and unacceptable. Many corrective actions have bee
Slide 7: Investment in AC Plant
lnvestment in AC Plant 4 Total Capital Investment made in the AC Plant is tl67 Crore from 2O19-2O to 2021-22.|n addition, there has been t28 Crore investment in the Stamping facilities-which cater to both AC and Washer business requirements. Profitability 2O2O-21 The volume during the year was only
Slide 8: Borrowing
Balance Sheet 4 Total borrowing was 7227.08 Crore as on Quarter end date including a term loan amount of 163.52 Crore. The break-up of borrowing is as follows: Borrowing ({ in crore) ECB 95.85 Standard Chartered AC Project Five Years Rupee Term Loan 1.28 Federal Bank Steel Division Five Years Rupee
Slide 9: Cash balances, working capital and market conditions
Againstthe aforesaid borrowing, as on 31st March, 2022, our Cash and Bank Balances (including investments 4 in Mutual Funds) were t314.65 Crore. Hence the Company remained debt free on a net basis as on the last day of Quarter 4 of FY'21-'22. The break up of this is given Cash and Bank Balances <87.
Slide 10: Home Appliances Division market conditions
. The market continues to see launches of new models and an increasing trend of cashbacks, easy finance options, including zero down payments, and long-term EMI schemes. ;ll;",, ir,rlss ;.:*n.r:m Home Appliances Division The Consumer Durables sector, which regained momentum in the festival period, h
Slide 11: Engineering Division market outlook
.i1,: ;{ *l- .'. Engineering Division Business environment in Q4 FY 21-22, remained challengingwith increasing commodity prices and lowervolumes from OEMs due to semiconductor shortage. The demand trend in I st Quarter FY '22-'23 will depend ,on following points: . ln spite of a strong customer dema
Slide 12: Business Updates: Engineering Division
Business Updates 4 Engineering Division: ln Q4, the Automotive Market had dampened sales: . COVID-I9 cases in some parts of the country. . Semi conductor shortage continues to plague the 4-W segment. . ECU shortage affected the production of 2-W . On account of Lockdown in China, rising commodity pr
Slide 13: Range of Products (Home Appliances Division)
RANGE OF PRODUCTS (Home Appliances Division) 4 The Division's range of products covers both domestic and industrial application categories. The updates at the end of the 4th Quarter for each of the product categories are given below: . Front Load Washing Machine The range addresses unique customer n
Slide 14: Top Load Washing Machine and Clothes Dryers
. Top Load Washing Machine 4 Existing models and new models with 'ln-built heaters', which are uniquely differentiated in the 6.5 to 1 1 Kg segments, have been well received in the market. The Company ensured that these models are available for placement and sale across all market channels though th
Slide 15: Industrial Segment: Laundry and Dishwashing Equipment
. lndustrial Segment-Laundry & Dishwashing Equipment 4 IFB is a one stop solution for a commercial laundry setup-from understanding the customer's requirements to layout preparations, installations and post warranty AMC Supports. Our customers are from verticals like hotels, educational institutions
Slide 16: Microwave Ovens and Modular Kitchens
. Microwave Ovens 4 IFB continues to be one of the top three dominant players in this category. The key delivery targets for the next Quarter ahead in this fiscal year are to complete the new model introductions, including models with new technology to improve the cooking process. We will be launchi
Slide 17: Air Conditioners
4 segment for expansion and is also accretive to margins. Our target is to achieve monthly sales of t5 Crore by the end Q2 of the new fiscal year. ln this category also we were not able to meet the demand, due to the shipping crisis and the pandemic-led situation at the supplier's end, which has bee
Slide 18: Financial Summary of Home Appliances Division
Financial Summary of Home Appliances Division (including Bommassandra, Motors & lnter unit) 4 (t in Crore) Revenue from Operations 694.26 638.35 2,686.73 2,244.19 EBITDA (18.0e) 43.39 37.O8 193.18 EBITDA % on Revenue (2.61) 6.80 1.38 8.61 EBT 46.58 17.81 (71.71 94.76 EBT o/o on Revenue (6.71) 2.79 (
Slide 19: Financial Summary of Engineering Division
Financial Summary of Engineering Division 4 (t in Crore) Revenue from Operations 160.83 151.r 3 577.39 445.85 EB ITDA 16.92 22.50 57.23 53.97 EBITDA olo on Revenue 10.52 14.89 9.91 12.11 EBT 5.83 16.48 12.59 21.76 EBT o/o on Revenue 3.62 10.91 2.18 4.BB ROCE o/o 9.76 20.00 6.76 9.33 ' Quarter 4 reve
Slide 20: Engineering Division: impact on margins and outlook
ln FY 2O19-2O there was an economic slowdown in lndia in general and degrowth in the Automotive segment 4 in particular. FY 2O2O-21 and FY 2021-22 witnessed the outbreak of the COVID-I9 pandemic followed by the Second Wave in the following year. There were also steep increases in raw materials price
Slide 21: Financial Summary of Stamping Division
Financial Summary of Stamping Division 4 (( in Crore) Revenue from O erations 12.89 12.21 49.63 37.10 EBITDA 1.71 0.83 s.62 3.63 EBITDA o/o on Revenue 13.24 6.79 1 1.35 9.78 EBT (0.1 1) 0.e6) (1.72 (s.7 6) EBT o/o on Revenue (0.82) (7.88) (3.47) (10.13) Revenue recorded marginal growth of 5o/o in Q4
Slide 22: Financial Summary of After Market Division
Financial Summary of After Market Division 4 ({ in Crore) Revenue from Operations 18.95 18.73 74.19 57.90 EB ITDA (1.s2) o.70 (1.27) 0.51 EBITDA o/o on Revenue (8.02) 3.7 4 (1.71) O.BB EBT (1.61) o.79 (1.62) 0.'t3 EBT o/o on Revenue (8.s0) 4.22 (2.18) o.22 ' Revenue for the Quarter was at the same l
Slide 23: Motor Division and Automotive Motor Division
The Appliances Motor Division is investing in production lines to manufacture the next generation BLDC motors. 4 The new lines will be capable of producing motors for use in Washing Machines and Air conditioners. These lines will have the capacity to produce 100,000 motors each for use in washing ma
Slide 24: Financial Summary of Steel Division
Financial Summary of Steel Division 4 ({ in crore) Revenue from Operations 33.65 28.30 116.72 71.26 EB ITDA o.27 (0.4s) 0.93 (0.64) EBITDA o/o on Revenue 0.80 (1.60) 0.80 (o.eo) EBT (0.1s) (0.8e) (0.64) (2.6s) EBT o/o on Revenue (0.46) (5.13) (0.ss) (3.72) ' Sales improved as compared to last year w
Slide 25: Subsidiaries: Global Automotive & Appliances Pte Ltd
5ubsidiaries 4 IFB lndustries Limited, the Holding Company, has one wholly owned subsidiary-Global Automotive & Appliances Pte Ltd (CAAL), and one step-down subsidiary Thai Automotive and Appliances Limited (TAAL) Global Automotive & Appliances Pte Ltd (GAAL) (t in Crore) Revenue from Operations 7.8
Slide 26: Thai Automotive and Appliances Limited
-lL n ; &,#*#, r:' *,* i rr'* & A.r:: i I m"n c,es ;. rx i':*;. 4 (t in Crore) Revenue from O rations B.5B 13.64 41.91 39.13 E B ITDA o.49 1.22 2.31 2.69 EBITDA o/o on Revenue 5.71 8.94 5.51 6.87 EBT (0.07) 0.65 0.03 0.40 EBT o/o on Revenue (0.82) 4.77 o.o7 1.O2 Thailand has been severely affected b
Slide 27: Standalone Income Statement
4 STANDALONE INCOME STATEMENT QTN YTD (t in Crore) 31 Mar,'22 3l Mar, '21 3'l Mar,'22 31 Mar, '2.| Total Sale of Products 1,070.53 972.06 4078.44 3312.66 Less: Trade Scheme and Discounts 229.17 203.61 900.20 704.43 Net Sales 841.55 768.45 3178.24 260,8.23 - Sale of Services 20.84 r 9.51 86.01 77.58
Slide 28: Standalone Balance Sheet
4 STANDALONE BALANCE SHEET (t in Crore) 31 Mar,'22 31 Mar,'2'l ASSETS Property, Plant and Equipment* 685.54 646.48 lnvestment in Subsidiaries 2't.60 21.60 lnvestment in Equity Shares 2.25 2.25 lnventories 57"t.65 457.87 lnvestment in Mutual Funds 227.22 2s8.22 Trade Receivables 295.39 246.sO Cash an
Slide 29: Standalone Key Ratios
STANDALONE KEY RATIOS I QTR YTD 3'l Mar,'22 3l Mar, '21 31 Mar,'22 31 Mar'2.| Earnings Per Share (ln {) (Not Annualised) (7.0s) 1.31 (12.64), 15.36 Book Value per Share (ln t) 157.26 169.82 157.26 169.82 Current Ratio (#) 1.17 1.56 1.17 1.36 Quick Ratio (#) 0.53 0.82 o.53 o.B2 EBDITA/Total lncome 3
Slide 30: Standalone Cash Flow Statement
({ in Crore) 4 STANDALONE CASH FLOW STATEMENT Year Ended 3'l Mar,'22 3l Mar,'21 CASH FLOWS FROM OPERATING ACTIVITIES Profit/(Loss) Before Tax (76.721 96.77 Non-Cash and Other Adjustments 128.40 114.32 Operating Profit Before Working Capital Changes 51.68 2't1.O9 Movement in Working Capital (1.00) 93
Slide 31: Consolidated Highlights
4 CONSOLI DATED H ICHLIGHTS (t in Crore) Total lncome 904.86 832.14 Earning Before Depreciation, lnterest and Tax (s.e1) 61 .08 Earning Before lnterest and Tax (5s.28) 34.71 Profit Before Tax (43.44) 29.95 Profit After Tax (28.2s) 7.71 Earnings Per Share ({) (Not Annualised) (6.se) 1.90 Cash and Liq
Slide 32: Consolidated Income Statement
4 CONSOLIDATED INCOME STATEMENT QTR YTD (t in Crore) 31 Mar,'22 31 Mar,'21 31 Mar,'22 3l Mar,'21 Revenue from operations 9(p.44 825.16 3415.38 2800.80 Total lncome 904.86 832.14 3433.47 2823.16 EBDITA (s.el ) 61.08 73.5s 232.24 EBDITA Margin (o/o) (0.6s) 7.34 2.14 8.23 Depreciation and Amortisation
Slide 33: Consolidated Balance Sheet
4 CONSOLIDATED BALANCE SHEET (( in Crore) 31 Mar,'22 31 Mar,'21 AS5ETs Property, Plant and Equipment* 712.76 67 4.83 lnvestment in Equity Shares 2.25 2.25 lnventories s7 6.82 462.28 lnvestment in Mutual Funds 227.22 258.22 Trade Receivables 3'r0.31 265.69 Cash and Bank Balances 92.87 122.48 Other No
Slide 34: Thank You
Thank You '.'.,] ; T hi s p r ese ntati on co ntai ns statements which reflect the Manage me nt's cune nt vi ew s and estimates and may be construed as f orward-looki ng in nature. The future involves certain risks and uncertainties that may cause actual results to dtffer materially from the current
Slide 35: Contact
OVER 6 MlrLtoN SATISFIEO CUSTOMERS Microwave 0ven Built in 0ven Dishwasher Chimney I Built in Hob Top Load Front Load 100% Clothes Dryer Air Conditioner Contact Prabir Chatterjee Director and Chief Financial Oficer Phone +91 33 3984947519524 Mobile +91 9331648802 /9674686372 Fax +91 33 39849676 Emai