Kajaria Ceramics Limited · NSE:KAJARIACER
Kajaria Ceramics — Q2 FY21 Earnings Presentation
14 slides from Kajaria Ceramics's earnings presentation, Oct 20, 2020
Slide 1: Investor Update – Q2 FY21
Investor Update – Q2 FY21 October 20, 2020 1/14
Slide 2: Content
Content Chairman’s Message Financial Performance – Q2 FY21 Balance sheet perspective Subsidiaries Income Statement Shareholding Pattern 2/14 Investor Update Q2 FY21
Slide 3: Chairman's Message
Chairman’s Message Resilient Kajaria is in resurgence mode. We have shrugged the prevailing fear, braved challenges and moved ahead with speed and determination. And, I am happy to report that we have regained our pre Covid-19 performance levels in the second quarter of FY2021. Our asset utilisation
Slide 4: Tile Volume Data (consolidated)
Tile VolumeData (consolidated) Production Growth (MSM) - Q2 FY21 Production Growth (MSM) - H1 FY21 20 16.12 15.88 31.77 16 30 5.11 4.51 9.97 12 20 17.41 8 4.61 11.01 11.37 10 21.80 4 12.80 0 0 Q2 FY20 Q2 FY21 H1 FY20 H1 FY21 Own Manufacturing Subsidiaries Own Manufacturing Subsidiaries Sales Growth
Slide 5: Revenue Growth - consolidated
Revenue Growth - consolidated Rs. / Crores 800 1414.67 714.68 1500 712.51 15.05 6.99 8.59 83.57 42.55 52.95 Plywood Plywood 250.23 600 123.76 121.00 990.07 Sanitary ware / 11.06 Faucets Sanitary ware / Faucets 1000 283.88 70.34 143.65 147.58 Outsourcing (Tiles) Outsourcing (Tiles) 178.08 400 Subsidi
Slide 6: Profitability - Consolidated
Profitability - Consolidated PBT Rs. / Crores PAT 100 93.19 89.12 119.04 120 80 100 80.68 80 60 60 40 40 20 20 0 0 Q2 FY20 Q2 FY21 Q2 FY20 Q2 FY21 161.59 160 160 144.20 140 140 120 120 100 85.49 100 80 80 62.02 60 60 40 40 20 20 H1 FY20 H1 FY21 H1 FY20 H1 FY21 Note: PAT in Q2 FY20 / H1 FY20 was high
Slide 7: EBITDA / EBITDA Margin (consolidated) – quarterly progression
EBITDA / EBITDA Margin (consolidated) – quarterly progression 22% 143.69 135 17% 110 111.33 105.23 85 93.37 12% Rs./ Crores 14.72% 15.02% 14.32% 20.17% 60 7% 35 2% 10 Q2 FY20 Q3 FY20 Q4 FY20 Q1 FY21 -7.57 Q2 FY21 -15 -3% -2.73% EBITDA (Rs. / Crores) EBITDA Margin (%) 7/14 Investor Update Q2 FY21
Slide 8: Key Ratios (consolidated)
Key Ratios(consolidated)………… Net Debt (Rs. Crore) * Net Debt Equity(X) * 200 0.20 100 88 0.10 0 0.06 Mar-18 Mar-19 Mar-20 Sep-20 0.00 Mar-18 Mar-19 Mar-20 Sep-20 -100 -107 -0.10 -0.08 -0.06 -132 -200 -0.20 -300 -0.20 -358 -0.30 -400 * Net of cash and cash equivalents 8/14 Investor Update Q2 FY21
Slide 9: Key Ratios (consolidated)
Key Ratios(consolidated) Working Capital (Rs. Crore) Return on Equity (Avg.) 600 500 475 513 451 400 379 378 406 397 300 333 309 200 258 239 173 30 100 0 Mar-18 Mar-19 Mar-20 Sep-20 Debtors Inventory Creditors 18.61 20 15.49 15.53 120 Working Capital (Days) 100 7.11 10 80 73 60 58 60 50 0 40 Mar-18
Slide 10: Subsidiaries
Subsidiaries A. JAXX VITRIFIED Jaxx Vitrified is based in Morbi (Gujarat). Kajaria has 87.37% stake in the same. Jaxx had combined annual capacity of 7.60 MSM of polished vitrified tiles. Jaxx has operated at full capacity during Q2 FY21. B. VENNAR CERAMICS Vennar is based in Vijayawada (Andhra Prad
Slide 11: Subsidiaries
Subsidiaries D. KAJARIA TILES PRIVATE LIMITED* Kajaria Tiles (a wholly owned subsidiary) has commissioned a manufacturing facility of glazed vitrified tiles with a capacity of 5.00 MSM p.a. in Andhra Pradesh and started commercial production in September 2019. Plant has operated at 78% in Q2 FY21. E
Slide 12: Income Statement – Financial highlights
Income Statement Financial highlights (Rs / Crores) Q2 FY21 Q2 FY20 Growth H1 FY21 H1 FY20 Growth Standalone Consolidated Standalone Consolidated Standalone Consolidated Standalone Consolidated Standalone Consolidated Standalone Consolidated Net Sales 650.13 712.51 651.40 714.68 - - 907.66 990.07 12
Slide 13: Shareholding Pattern
Shareholding Pattern As on 30th Sep. 2020 Equity Shares Outstanding – 158.96 millions 13.41% Public / Others 0.40% NRI's 47.58% Promoters 38.61% FIs /FPIS / Mutual Funds 13/14 Investor Update Q2 FY21
Slide 14: About Us
About Us Kajaria Ceramics is the largest manufacturer of ceramic/vitrified tiles in India and the 9th largest in the world. It has present annual capacity of 70.40 mn. sq. meters presently, distributed across eight plants - one in Sikandrabad in Uttar Pradesh, one in Gailpur and one in Malootana in