Ifb Industries Ltd · NSE:IFBIND
Ifb Industries — Q3 FY2021 Earnings Presentation
30 slides from Ifb Industries's earnings presentation, February 2021
Slide 1: Cover letter to stock exchanges on investors presentation
rrtl fDll Industries Limited Corporater Office I Plol No.-|NO-S. Sector-1 East Calcutta Tovrnslrip.Kolkata-700 1 07 Telephone : (91 I (:13) 39849475/9524 Fax (91) (33) 39849676 lnd Fsf1v3ry,2021 Web : lvwvr.ilbindustries.com Thc Manager Departmcnt of CorPorate Services Bombay Str-rcl< Iixchange Ltd,
Slide 2: IFB Industries Limited Financial Report Quarter Ended 31st December 2020
nilIl IFB lndustries Umited Financial Report Qualter Ended Slst Decenrber, 2OZO s \"(,. , - ',i hh s t.'5 fl hh 1 \g r: \ h .t t e aI o t O 'Jrltt,
Slide 3: Financial Track Record
Financial Track Record 3 Revenue {{ in crore) Operating Profit/EBDITA (t in crore) r80 r60 140 't20 r00 80 60 ,10 20 0 FY FY FY FY FY FY FY FY FY FY l6-17 't7-18 t 8-19 I 9-20 20-21 16-17 17-18 I8-19 I 9-20 20-2'l lvrorvzr !e=nvzr lvrnrvzr !osrvzr Free Cash Flow {{ in crore} FY FY FY FY FY 16-1 7 l7
Slide 4: Parameters Q3 FY21 and YTD FY21
Parameters Q3 FY 21 3 Parameters YTD FY 21 Note Cromrth/degrmvth have been calculated in comparison with last year. losl
Slide 5: Financial Review
Financial Report-Quarter Ended 3l st December, 2O2O Financial Review The fompany has reported a total income of {929.55 crore, a growth of iZ.so/o over the conesponding Quarter of the previous year. .l4.02 EBDITA for the 5rd Quarter was {1 crore with rnargin of I2.39o as against 60/o during the core
Slide 6: Revenue loss in the 3rd Quarter
Financial Report-Quarter Ended 3t st December, 2020 The Company has lost revenue in the Srd Quarter. Revenue loss is rnainly due to issues such as availability of raw materials, electronic components, finished good imports etc. However, these situations have since improved. o5
Slide 7: Balance Sheet
Balance Sheet 3 We had total bonowing of ?246.80 crore, including term loan amount of tZ2i"6B crore, as on 5l December,2020. The break-up of bonowing is as follows: Loan Type (? in crore) Bank Purpose Tenure ECB 141.60 SCB AC Project 5 Years Term Loan 47.O8 DB5 Engineering Division 5 Years Term Loan
Slide 8: Liquidity and Market Conditions
3 Cash and Bank Balances ?153.09 crore Capital Cain Deposits {19.42 crore lnvestments in Mutual Fund ti59.41 crore Totel (511"92 crore The amount of ?51 1.92 crore, as stated above, has increased from ?428.1 7 crore as on S0 September, 2020. Wb further have inefficiencies of approximately ?40 crore
Slide 9: Automotive industry demand in the 3rd Quarter
202(} ln the Srd Quarter, the automotive industry experienced a sharp upward demand for the following reasons I Due t0 the festive season. 2 Pent-up demand" 5 Due to good agricultural harvest. 4 Since the outbreak of the COVID-I9 pandemic, people have begun preferring personal mobility. 5 The demand
Slide 10: Business Update Appliances Division
Business Update 3 Appliances Division The consumer electronics and appliances sectors, which started on a positive note from July'20, have seen sales growth in the last two Quarters, owing to both new and pent*up demand. Crowth is also being led by consumers who are looking for a substitute for dome
Slide 11: Automotive market outlook for the 4th Quarter
Financial Report-Quarter Ended 3l st December, 2OZO The automotive market is expected to grow considenably YOY in the 4th Quarter. The rnain reasons are: 1 The spiralling prices of raw materials and their non-availability are leading to shorrages ar OEM level production" Thus, as per rnarket demand,
Slide 12: Home Appliances Division: Front Loaders
Home Appliances Division 3 The Division's range of products covers both the domestic appliance and industrial application categories. The updates at the end of the Srd Quarter for each of the product categories are given below: . Front Loaders (Domestic Segment) The range of models is well different
Slide 13: Front loader range and clothes dryers and dishwashers
Additions have been made in the Quaner to the range and the new range will now fully address market 3 segments, including the high grovrrth higher capacity segments in which IFB now has very well differentiated models and features- . Clothes Dryers and Dishwashers (Domestic Segment) Demand in the cl
Slide 14: Microwave Ovens and Modular Kitchens
. Microwave Ovens 3 IFB continues to be a dominant player in this category. The key delivery targets for the two euarters ahead are to address the new model introductions, including those with new technology for automating and improving the cooking process. There has been a surge in demand in this s
Slide 15: Home Appliances Division: Air Conditioners
. Air Conditioners 3 The 4th Quarter is the key Quarter for AC sales" The manufacturing and sales delivery is targeted at -l oOK for the Quarter. This includes the oEM sales. Commodity price changes have been the largest in the AC raw materials segment and the pricing area remains crucial, given the
Slide 16: Engineering Division: Fine Blanking
However, YTD sales were impacted due to the lockdown in the I st Quarter. ln spite of tower sales over the last 3 year, gross margin percentage improved and there was a depletion in operating expenses as well. Engineering Division The Fine Blanking Division mainly caters to the automobile sector,2*w
Slide 17: Motor Division
Motor Division 3 The Motor Division is based in Bengaluru. This Division started its operations in 199i and began producing motors for our washing machine plant located in Goa. ln 2019, ffte Motor Division acquired the Automotive Motor Division from IFB Automotive Private Limited and merged it with
Slide 18: Stamping Division
3 Stamping Division Resulu are given below: {t in crore) Revenue from O tons 15.7s 26.s9 EBDITA t -52 2.80 EBDITA 96 on Revenue 1 "t.l I O.s EBIT (o.36) (2.80) EBIT 96 on Revenue (2.e) (10.s) This Division was acquired from IFB Automotive in October 2019, keeping in mind the operational synergy with
Slide 19: Standalone Income Statement
3 STANDALONE INCOME STATEMENT QTR YTD (? in crore) 3l Dec,'20 3l Dec,'19 3'l Dec,'20 5l Dec,'19 Revenue from 0perations 922.78 698"64 1,917J.3 2,065.76 Total lnqome 929.55 702,79 1,929,84 2,074.13 EBDITA ll4,o2 42"3r r69,60 125'-73 EBDITA Margin (%) 12.3 6.0 8.8 6.1 EBIT 88.17 25.41 96.O4 78.53 EBDI
Slide 20: Standalone Balance Sheet
3 STANDALONE BALANCE SHEET (t in crore) 31 Dec,'Z{-) 3l Mar,'20 3l Dec, '.1'-l ASSETS Propefty, Plant and Equipment (lncluding lntangibles and CWIP) 606.92 578.29 479.93 lnvestments in Subsidiaries 47.90 33.60 33.60 lnventories 3s7.70 373.37 305.86 lnvestment in Mutual Funds 339.4r 152.80 r or .39 T
Slide 21: Standalone Key Ratios
3 STANDALONE KEY RATIOS QTR YTD 5l Dec,'20 51 Dec,',l9 3l Dec,'20 5-l Dec,'19 Eamings Per Share (ln ?) (Not annualised) 1637 3-52 15.68 1 1.41 Book Value Per Share (ln {) 172.60 r 65.15 172.60 165.15 Curent Ratio# 1.59 1.66 1.39 1.66 Quick Ratio# 0.94 l.1I 0.94 1.1r EBDITA/Total lncome Vo (Before Ex
Slide 22: Standalone Cash Flow Statement
STANDALONE CASH FLOW STATEMENT YTD {? in crore} 3l Dec'20 3l Dec 'l I CASH FLOWS FROM OPERATINC ACTIVITIES Profrt Before Tax 71.22 75.88 Non Cash and other Adjustments 99.60 42.84 Operating Profit Before Wor{<ing Capital Changes 170"82 '116-77 Movement in ll/ol*ing Capital 20r.65 (s2.e7) Cash Genera
Slide 23: Consolidated Highlights
3 CONSOLIDATED H IC H LICHTS (? in crore) Q3 {'20-'2'l ) Q3 ('19-'20) Total lncome 960.45 723.16 Earning Before Depreciation, lnterest & Tax 1 t 6.70 43.51 (Before Exceptional Gain) Earning Before lnterest and Tax (Before Exceptional Gain) 90"00 25.90 Profit Before Tax 80.79 24.1s Profit After Tax-O
Slide 24: Subsidiaries: Trishan Metals Private Limited
IFB lndustries Limited, being the parent Company, has two wholly owned subsidiaries-Trishan Metals Private 3 Limited (TMPL) and Global Automotive & Appliances Pte Ltd (CAAL} and one srep-down subsidiary, Thai Automotive and Appliances Limited (TAAL). During the Quaner, IFB has acquired rhe balance 4
Slide 25: TMPL and Global Automotive & Appliances Pte Ltd
TMPL 3 (? in crore) Revenue from Operations 23"48 4s.66 EBDITA 2.16 0.26 EBDITA 96 on Revenue 9,20 0.s7 EBT I.49 (r.76) EBT % on Revenue 6.5s (5.8s) Global Automotive & Appliances Fte Ltd (GAAL) GAAL continues to source electronic component suppliers and has expanded its operations. This is the thir
Slide 26: Thai Automotive and Appliances Limited
Why it is strategic to have an establishment in Singapore? 3 . lt gives an additional credibility to IFB to deal with agencies, sources etc from outside lndia. . Can source continuously for components and Technology from ASEAN and far east countries. . Singapore being a hub for shipping companies, w
Slide 27: Consolidated Income Statement
3 CONSOLIDATED INCOME STATEMENT QTR YTD ({ in crore} 5l Dec,'20 5l Dec,'19 3l Dec,'2O 5l Dec,'l9 Revenue From Openations 950.99 719.33 I,975.64 2,15005 Total lncome 960.45 723'16 I,991.O2 2,158,56 EBDITA r r 6.70 M.92 r 71.t 6 129.93 EBDITA Margin (%) 12.2 6.2 8.6 6.1 EBIT 90.oo 27.31 g5.r I 80t53 E
Slide 28: Consolidated Balance Sheet
3 CONSO LI DATED BAI-ANCE SH EET (( in crore) 3l Dec,'20 5l Mar,'20 5l Dec,'l9 ASSETS Propertlr, Plant and Equipment (lncluding lntangibles and cwlP) 062.4l 634-43 482.63 lnventories 40q.87 585.38 314.O3 lnvestment in Mutual Funds 339"41 152.80 101_39 Trade Receivables 255.48 204.54 284.15 Cash and
Slide 29: Thank You
Financial Report-Quarter Ended 31st December, 2020 Thank You .# =af GD h,> This presentation ]i!& |l H rx 't o? contains statenrents a 't which reflect the 't.:ii' Management's curent p .1; views and estimates ,ffi $ I and may be construed as forward-looking -r -f r**--."ffi I t I in nature. The fut
Slide 30: Contact
OVER 6 MrrLloN $ATISFIED CUSTOMERS 1i.J \ii 'irr*grr-.i..i; Microwgvs lhen Buih in lhEn 0ishxrher fihimney I Built in Hob Top Lmd Fmnt Load l0tltt 0othea 0ryer Air [onditionor Contact Prabir Chatterjee Direfror and Chief Financial Officer Phone +91 55 3984947519524 Mobile +91 g55l648802/9674686372Fa