Jain Irrigation Systems Limited · NSE:JISLDVREQS
Jain Irrigation Systems — Q2 FY24 Earnings Presentation
36 slides from Jain Irrigation Systems's earnings presentation, Nov 9, 2023
Slide 1: Cover letter to stock exchanges
Regd. Office: Jain Plastic Park, P.O.Box: 72, N.H.No. 6, Jalgaon – 425 001. India. Tel: +91-257-2258011; Fax: +91-257-2258111; E-mail: jisl@jains.com; Visit us at: www.jains.com CIN: L29120MH1986PLC042028 JISL/SEC/2023/11/B-2/B-6 9th November, 2023 To, To, Bombay Stock Exchange Ltd., National Stock
Slide 2: Investor Presentation Q2FY24
► Those who dare to dream must have the courage to fall the resilience to rise and the perseverance to soar Small Ideas. Big Revolutions.® More Crop Per Drop ® Investor Presentation Q2FY24 09 November 2023 “Leave this world better than you found it” Bhavarlal H. Jain (1937-2016) Founder
Slide 3: Contents
Contents 1 Company Overview 2 Business Verticals 3 Financial Performance 4 Revival and Way forward 5 Awards and Events 6 CSR Updates
Slide 4: Company Overview
Company overview
Slide 5: Company Snapshot
Company Snapshot 1963 19 9000+ ₹ 63.2Bn Established Manufacturing Associates Consolidated Revenues^ Plants globally Globally 30th Sept, 2023 4,000+ 126 110BN± Mn+ ₹ 8.5Bn Dealers & distributors Countries reached through Farmers' lives have been Consolidated EBITDA^ our Products and Services touches
Slide 6: Touching lives in more than one way
Touching lives in more than one way DRIP SPRINKLER PRECISION TISSUE RESOURCE IRRIGATION IRRIGATION FARMING CULTURE TO ROOT PVC PIPES & PE PIPE & PLUMBING DRINKING PLASTIC FITTINGS FITTINGS SYSTEMS WATER SOLUTION SHEETS FRUIT SPICES DEHYDRATED IQF RENEWABLE PROCESSING PROCESSING PRODUCTS PRODUCTS ENE
Slide 7: Business Verticals
Business Verticals
Slide 8: Well diversified business and product range
Well diversified business, technologically advanced product range and state of the art manufacturing facilities keeps us at the heart of customer needs Hi-Tech Agri Plastic ► Drip & Sprinkler Systems, Precision Hi-tech ► PVC Pipes, fittings, Polyethylene Pipes Farming Advisory including green & poly
Slide 9: Business Overview and Product Portfolio (Q2FY24)
Business Overview and Product Portfolio Consolidated Revenue -₹13.62 Bn & EBITDA ₹1.87 Bn (Q2FY24) Standalone Revenue -₹8.04 Bn Food Standalone - Overseas Operation - Revenue ₹ 1.56 Bn EBITDA ₹1.11 Bn & EBITDA ₹ 0.25 Bn Revenue ₹ 4.02 Bn & EBITDA ₹ 0.51 Bn Plastic products Agro Processing Hi‐tech Ag
Slide 10: Business Overview and Product Portfolio (H1FY24)
Business Overview and Product Portfolio Consolidated Revenue -₹30.63 Bn & EBITDA ₹4.14 Bn (H1FY24) Standalone Revenue -₹19.51 Bn Food Standalone - Overseas Operation - Revenue ₹ 3.24 Bn EBITDA ₹2.68 Bn & EBITDA ₹ 0.54 Bn Revenue ₹ 7.88 Bn & EBITDA ₹ 0.92 Bn Plastic products Agro Processing Hi‐tech A
Slide 11: Production Facilities – India
Production Facilities – India Jain Plastic Park Jain Agri Park Jain Food Park Jain Food Park Jain Energy Park Jain Plastic Park Jalgaon (Maharashtra) Jalgaon (Maharashtra) Jalgaon (Maharashtra) Jalgaon (Maharashtra) Jalgaon (Maharashtra) Kurnool, AP Micro Irrigation, Agri R&D - Tissue Fruit Processi
Slide 12: Production Facilities – Overseas
Production Facilities – Overseas Jain Farm Fresh, Turkey SQF Ltd. UK Jain Farm Fresh Food Inc. USA Innovafood N.V. Belgium Food Processing Food Processing Food Processing Food Processing Ex-Cel Plastics Ltd. Ireland NIP UK Nucedar Mills, USA Plastic Sheet Plastic Sheet Plastic Sheet 11
Slide 13: Financial Performance
Financial Performance
Slide 14: Financial Performance – Standalone
Financial Performance – Standalone All figures in ₹ Million YoY YoY Particulars Q2FY24 Q2Y23 H1FY24 H1FY23 change change Revenue 8045 6028 33.5% 19506 14645 33.2% Hi-Tech 4895 4122 18.8% 10274 9635 6.6% Plastic 3116 1860 67.5% 9158 4836 89.3% Other 34 46 -- 74 174 -- EBITDA 1109 766 44.9% 268
Slide 15: Q2 Financial Highlights - Standalone
Q2 Financial Highlights - Standalone All figures in ₹ Million Revenue EBITDA Revenue Overall revenue growth of 33.5% is 8045 Increase due to strong demand from retail and 1109 institutional market for PE Pipes 6028 ₹ 2,017 Mn 766 33.5% Q2FY23 Q2FY24 Q2FY23 Q2FY24 With rationalization of input costs
Slide 16: H1 Financial Highlights - Standalone
H1 Financial Highlights - Standalone All figures in ₹ Million Revenue EBITDA Overall revenue growth of 33.2% is 2683 Revenue due to strong demand from retail and 19506 Increase institutional market for plastic 14645 1863 ₹ 4,860 Mn division 33.2% H1FY23 H1FY24 H1FY23 H1FY24 EBIDTA margin has improve
Slide 17: Segment Reporting - Standalone
Segment Reporting - Standalone All figures in ₹ Million Revenue YoY Revenue Hi-Tech Agri Quarterly growth is driven by MIS retail &Tissue 3,116 Q2 + 18.8% Culture business 1,860 9,158 4,836 Half yearly growth is driven by strong demand H1 + 6.6% from the retail segment of micro irrigation & 4,122 4,
Slide 18: Financial Performance - Consolidated
Financial Performance - Consolidated All figures in ₹ Million Particulars Q2FY24 Q2FY23^ YoY change H1 FY24 H1 FY23^ YoY change Revenue 13,619 10,820 25.9% 30,630 24,981 22.6% Hi-Tech 4,916 4,117 19.4% 10,282 9,651 6.5% Plastic 4,494 3,032 48.2% 11,716 7,210 62.5% Agro Processing 4,177 3,627
Slide 19: Q2 Financial Highlights - Consolidated
Q2 Financial Highlights - Consolidated All figures in ₹ Million Revenue EBITDA Overall revenue growth of 25.9% is 13,619 1,871 Revenue due good growth across all division 10,820 Increase mainly strong demand from retail 1,197 ₹ 2,799 Mn market and institutional market for 25.9% plastic division EBID
Slide 20: H1 Financial Highlights - Consolidated
H1 Financial Highlights - Consolidated All figures in ₹ Million Revenue EBITDA Revenue Overall revenue growth of 22.6% is 30,630 due to strong demand from retail 4,142 Increase 24,981 market and institutional market for 3,001 ₹ 5,649 Mn plastic division 22.6% EBITDA With rationalization of input cos
Slide 21: Segment Reporting – Consolidated
Segment Reporting – Consolidated All figures in ₹ Million Revenue 32 69 YoY Revenue Hi-Tech Agri 44 4,177 168 8,563 3,627 7,952 + 19.4% Quarterly growth is driven by MIS retail business 4,494 11,716 Q2 3,032 7,210 &Tissue Culture business H1 + 6.5% Half yearly growth is driven by strong demand from
Slide 22: Financial Performance
Financial Performance All figures in ₹ Million Standalone Consolidated Particulars 30-Sept-23 30-June-23 30-Sept-22 30-Sep-23 30-Jun-23 30-Sep-22 Non current assets 44,493 44,514 45,026 56,884 56,691 60,917 Current assets 39,278 38,129 37,252 55,503 54,187 64,564 Non current liabilities 343 351 1,26
Slide 23: Working Capital Cycle - DSO
Working Capital Cycle - DSO All figures in days (DSO) 30 Sep 23 30 Jun 23 30 Sep 22^ Standalone Standalone Inventory AR NWC Inventory AR NWC Inventory AR NWC 400 301 300 248 228213 188181 Hi-Tech Agri 110 245 269 116 246 287 126 293 365 200 108 89 84 100 Plastic 45 94 127 47 101 134 58 154 157 0 Inv
Slide 24: Standalone Debt Profile as on September 2023
Standalone Debt Profile as on 30 September 2023 All figures in ₹ million Particulars Outstanding Outstanding Repayment Schedule Long Term Debt 31 Mar 23 30 Sep 23 H2FY24 FY25 FY26 FY27 FY28 TL (incl ECB) 3,751 2,750 554 1,157 1,039 - - FITLs (incl ECB) 2,141 1,898 323 770 805 - - NCDs @0.01% (incl E
Slide 25: Way Forward
Way Forward
Slide 26: World's No. 1 Hi-Tech Plant Factory / PVC pipes
“World's No. 1 Hi-Tech Plant Factory Presents JAIN BANANA a Satsouaes WC PIPES FOR NON-PRESSURE DRAINAGE AND SEWERAGE iy SAIN HITEC i PLANT FACTORS it Ng Piping System that lasts a lifetime! 3 BA cine Aceuctoie al
Slide 27: Plumbing pipes and papaya seedlings
ew Sp a 7 we ya Hinting v ae wD Jain Plumbing Pipes: 4 ati 4 The Passage for Clean we: in| a til 9, Water rt ys ‘E ye iC ey “{ oo Plumbing i) Install Peace of Mind Tape Lock Provision “Designed for efficient wastewater and sewerage management” Jain Seediing Jain Hi-Tech Plant Factory Presents PAPAYA
Slide 28: Future growth areas
Future growth areas… The company continue to focus on retail business and supply contracts which will help to improve working capital cycle. The company is working to increase its dealers network in states like UP, WB and North East to have a better growth in retail business. The company conti
Slide 29: Management Commentary
Management Commentary “Leave this world better than you found it.” – Bhavarlal H Jain The Company’s strategy to focus on retail business by reducing project business is helping to achieve better growth, cash flow and profitability without any additional working capital support. As per IMD report ove
Slide 30: Order Book Position
Order Book Position Standalone Consolidated ₹ 3,448 million ₹ 3,448 million High-Tech Agri ₹4,527 million ₹ 4,660 million Plastics* ₹ 11,795 million Agro / Food ₹ 7,975 million ₹ 19,903 million ₹ * This Order book does not factor the orders received by the company on a daily basis from its dealers n
Slide 31: Awards and Events
Awards and Events
Slide 32: Awards and Events
Awards and Events ► उद्योगक्षेत्रातील ► Jain Irrigation’s अतुलनीय resurgence akin कामगगरीबद्दल श्री. to ‘PHOENIX’ अशोक जैन याांचा Bird at Annual एबीपी माझाच्या General Meeting ‘माझा सन्मान’ पुरस्काराने गौरव. ► JISL Signs an ► Jain Irrigation MOU With Water and The Central Management and Research Plu
Slide 33: CSR Initiatives
CSR Initiatives
Slide 34: CSR Update
CSR Update Promoting Education Rural Development: Supporting water sanitation & hygiene (WASH) Healthcare and Pandemic Rural Development: Relief Demonstrated sustainable agriculture practices Snehachi Shidori (Food Rural Development: Youth Served with Love). training camps 33
Slide 35: Disclaimer
Disclaimer This investor presentation has been prepared by Jain Irrigation Systems Limited and does not constitute a prospectus or placement memorandum or an offer to acquire any securities. This presentation or any other documentation or information (or any part thereof) delivered or supplied shoul
Slide 36: Contact for queries
You may send your queries to Mr. Avdhut Ghodgaonkar;Mr. Bipeen Valame jisl.investors@jains.com
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