Kiri Industries Limited · NSE:KIRIINDUS
Kiri Industries — Q4 FY2021 Earnings Presentation
23 slides from Kiri Industries's earnings presentation, Jun 29, 2021
Slide 1: Kiri Industries Limited
CD Kiri Industries Limited ~{i:ft ~ C'~..... June 29, 2021 Tu, To, BSE Limited National Stock Exchange of Indi a Limited 1st Floor, Rotunda lJuilding, Exchange Plaza, Bandra Kurla Complex, B.S. Marg, Fort, Mumbai - 400 001 Bandra (E), Mumbai - 400 051 Scrip Code: 532967 Scrip ID - KIRIINDUS Dear Sir
Slide 2: FY21 / Q4-FY21 Earnings Presentation
FY21/ Q4-FY21|EARNINGS PRESENTATION
Slide 3: Company Overview
Company Overview Consolidated Revenue Break-up (INR Mn) 6,625 4,629 6,499 4,879 3,801 7,378 6,489 7,340 6,607 5,792 • Established in 1998, Kiri Industries Limited (KIL), is based out of Gujarat and has emerged as one of FY17 FY18 FY19 FY20 FY21 the largest manufacturers and exporters of a wide range
Slide 4: About DyStar
About DyStar • The DyStar Group is a leading dyestuff and chemical manufacturer and solution provider, offering a broad portfolio of colorants, specialty chemicals, and services to customers across the globe. • With a heritage of more than a century in product development and innovation for the text
Slide 5: History
History 1995 2002 2007 2012 2016 DyStar was founded in 1995 as a FOUNDATION ACQUISITION: ACQUISITION: FOUNDATION: ACQUISITION: JOINT Color Texanlab Sustainable Emerald joint venture between Hoechst AG VENTURE OF: Solutions Textile Performance and Bayer Textile Dyes. In 2000, the Bayer AG and Interna
Slide 6: Financial Highlights
Financial Highlights Q4-FY21 Financial Highlights (Consolidated) Q4-FY21 Financial Highlights (Standalone) Operational Operational EBITDA EBITDA Margin EBITDA EBITDA Margin Revenue Revenue INR 490 Mn 13.50% INR 257 Mn 9.34% INR 3,629 Mn INR 2,752 Mn Net Profit PAT Margin Diluted EPS* Net Profit PAT
Slide 7: Q4-FY21/FY21 Standalone Operational Highlights
Q4-FY21/FY21 Standalone Operational Highlights During Q4-FY21 Kiri standalone attained 30% higher sales revenue Y-O-Y amounting to INR 275.21Crore and earned EBIDTA of Rs.26.04Crore, which increased by 135% Y-O-Y basis. It’s Earnings After Tax during Q4-FY21 amounted to INR 22.05 Crore, which during
Slide 8: Q4-FY21/FY21 Consolidated Operational Highlights
Q4-FY21/FY21 Consolidated Operational Highlights In FY2020-21 Consolidated Total Revenue amounted to INR 957.03Crore with an EBIDTA of INR 84.83Crore. During Q4-FY21 Consolidated Revenues surged by 22% Y-O-Y basis, and EBIDTA improved by 50% Y-0-Y basis, since business operations normalized to the l
Slide 9: Update on Dystar court case in Singapore
Update on Dystar court case in Singapore Kiri Industries Limited (Kiri) has been awarded valuation of US$481.60 Million for its 37.57% stake in DyStar Global Holdings Pte Ltd (DGH) on June 21, 2021, by Singapore International Commercial Court (SICC) which has been crystalized based on the financial
Slide 10: FY21/Q4-FY21 Financial Highlights
FY21/Q4-FY21 FINANCIAL HIGHLIGHTS 9
Slide 11: Q4-FY21 Standalone Income Statement
Q4-FY21 Standalone Income Statement PARTICULARS (INR Mn) Q4-FY21 Q4-FY20 Y-o-Y Q3-FY21 Q-o-Q Revenue from Operations 2,752 2,125 29.5% 2,344 17.4% Total Expenses 2,495 2,016 23.8% 2,199 13.5% EBITDA 257 109 135.8% 145 77.2% EBITDA Margin(%) 9.34% 5.13% 421Bps 6.19% 315Bps Other Income 3 19 (84.2)% 6
Slide 12: FY21 Standalone Income Statement
FY21 Standalone Income Statement PARTICULARS (INR Mn) FY21 FY20 Y-o-Y Revenue from Operations 6,892 9,690 (28.9)% Total Expenses 6,901 8,729 (20.9)% EBITDA (9) 961 NA EBITDA Margin (%) NA 9.92% NA Other Income 20 41 (51.2)% Depreciation 390 366 6.6% Finance Cost 38 45 (15.6)% PBT (417) 591 NA Tax (5
Slide 13: Q4-FY21 Consolidated Income Statement
Q4-FY21 Consolidated Income Statement PARTICULARS (INR Mn) Q4-FY21 Q4-FY20 Y-o-Y Q3-FY21 Q-o-Q Revenue from Operations 3,629 2,982 21.7% 3,103 17.0% Total Expenses 3,139 2,675 17.3% 2,712 15.7% EBITDA 490 307 59.6% 391 25.3% EBITDA Margin 13.50% 10.30% 320 Bps 12.60% 90 Bps Other Income 5 22 (77.3)%
Slide 14: FY21 Consolidated Income Statement
FY21 Consolidated Income Statement PARTICULARS (INR Mn) FY21 FY20 Y-o-Y Revenue from Operations 9,570 13,054 (26.7)% Total Expenses 8,744 11,193 (21.9)% EBITDA 826 1,861 (55.6)% EBITDA Margin(%) 8.63% 14.26% (563) Bps Other Income 22 53 (58.5)% Depreciation 461 444 3.8% Finance Cost 40 49 (18.4)% PB
Slide 15: Historical Financials
Kiri Industries Limited Fienre fall of Colors HISTORICAL FINANCIALS
Slide 16: Historical Standalone Income Statement
Historical Standalone Income Statement PARTICULARS (INR Mn) FY19 FY20 FY21 Revenue from Operations 10,619 9,690 6,892 Total Expenses 9,055 8,729 6,901 EBITDA 1,564 961 (9) EBITDA Margin 14.73% 9.92% NA Other Income 28 41 20 Depreciation 285 366 390 Finance Cost 44 45 38 PBT 1,263 591 (417) Tax 63 89
Slide 17: Standalone Balance Sheet
Standalone Balance Sheet PARTICULARS (INR Mn) FY20 FY21 PARTICULARS (INR Mn) FY20 FY21 Equity 6,730 6,346 Non Current Assets 7,665 8,094 Equity Share Capital 336 a) Property, Plant and Equipment 4,635 5,189 336 b) Other Intangible assets - - Other Equity 6,394 6,010 c) Capital Work In Progress 767 5
Slide 18: Historical Consolidated Income Statement
Historical Consolidated Income Statement PARTICULARS (INR Mn) FY19 FY20 FY21 Revenue from Operations 13,938 13,054 9,570 Total Expenses 11,628 11,193 8,744 EBITDA 2,310 1,861 826 EBITDA Margin (%) 16.57% 14.26% 8.63% Other Income 27 53 22 Depreciation 376 444 461 Finance Cost 51 49 40 PBT 1,910 1,42
Slide 19: Consolidated Balance Sheet
Consolidated Balance Sheet PARTICULARS (INR Mn) FY20 FY21 PARTICULARS (INR Mn) FY20 FY21 Equity 19,334 21,844 Non Current Assets 18,919 21,575 Equity Share Capital 336 336 a) Property, Plant and Equipment 5,062 5,591 Other Equity 18,998 21,508 b) Other Intangible assets 56 42 c) Capital Work In Prog
Slide 20: Consolidated Financial Highlights
Consolidated Financial Highlights Operational Revenue (INR Mn) EBITDA (INR Mn) & PAT (INR Mn) & PAT Margins (%) EBITDA Margins (%) 13,938 13,054 15.94% 16.57% 1,576 11,983 13.27% 14.26% 11,352 2,310 1,267 9,570 1,095 1,157 1,810 1,861 8.63% 1,590 2.28% 826 9.14% 11.16% 11.31% 8.86% 218 FY17 FY18 FY1
Slide 21: Capital Markets
Capital Markets Share Price Data as on 31st March, 2021 120% Kiri Sensex 100% 80% 60% 40% 20% 0% -20% Apr/20 May/20 Jun/20 Jul/20 Aug/20 Sep/20 Oct/20 Nov/20 Dec/20 Jan/21 Feb/21 Mar/21 Price Data (31st March, 2021) INR Shareholding Pattern as on 31st March, 2021 Face Value 10.0 Market Price 417.8 P
Slide 22: Disclaimer
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 all
Slide 23: Thank You
Kiri Industries Limited Fienre fall of Colors THANK YOU