Jain Irrigation Systems Limited · NSE:JISLDVREQS
Jain Irrigation Systems — Q1 FY2018 Earnings Presentation
15 slides from Jain Irrigation Systems's earnings presentation, Jun 30, 2017
Slide 1: Investor Communication 1QFY18
In first ever Fortune 'Change The World' list of 2015, Jain Irrigation ranks 7th among 51 companies of the world INVESTOR COMMUNICATION 1QFY18
Slide 2: Financial Discussion – 1QFY18
FINANCIAL DISCUSSION – 1QFY18 2
Slide 3: Management Comments
Management Comments Vice Chairman and Managing Director of the Company, Mr. Anil Jain said: “We are pleased to share with you the results of June Quarter. All our businesses were partially impacted in the quarter due to GST rollout and higher taxation rates for our micro irrigation business. We be
Slide 4: Highlights
Highlights Leverage • Consolidated net debt as on Jun 30, 2017 – at INR 40.6 Bn • On QoQ basis, consolidated net debt increased by ~INR 4.5 Bn is primarily on account of recent acquisition in USA (3.2 bn) & seasonal requirement in agro processing business. • As guided earlier, Management will try to
Slide 5: Consolidated Performance Overview: 1QFY18
Consolidated Performance Overview : 1QFY18 Flattish Revenue growth of 0.9% on YoY basis Revenue of Hi-tech Agri Input Products Division registered double digit growth of 12.4% on account of growth in overseas markets & exports from India to Africa. Revenue from recent acquisitions in USA contrib
Slide 6: Standalone Performance Overview: 1QFY18
Standalone Performance Overview : 1QFY18 Overall revenue de-grew by ~1.5% lead by 7.1% de-growth in the domestic market and strong 94.8% growth in export markets, on yoy basis Hi-tech Agri Input Products Division registered 4.8% YoY growth which was lead by strong performance in the Tissue Cultu
Slide 7: Financial Performance
Financial Performance Consolidated Highlights 1QFY18 1QFY17 Rs. Mn Revenue from operations is slightly up by 0.9% on Y-o-Y Revenue 17,335 17,175 basis EBIDTA 2,494 2,514 EBIDTA for 1QFY18 is at 14.4% PAT 443 585 PAT decreased by 24.3% primarily on account of higher Cash PAT* 1294 1,272 depreci
Slide 8: Overview - Consolidated Revenue: 1QFY18
Overview - Consolidated Revenue: 1QFY18 1QFY18 1QFY17 Geography YoYG Mix % Mix % India 55% 60% -7.2% Rest of World# 45% 40% 13.1% Total 100% 100% 0.9% # Including exports from India India Standalone Revenue Contribution Consolidated Revenue Contribution 4% 1% Hi-tech Agri 19% 46% Hi-tech Agri Input
Slide 9: Overview - Standalone Revenue: 1QFY18
Overview - Standalone Revenue: 1QFY18 Segment Revenue Contribution 100% 7% 1QFY18 1QFY17 90% 11% Geography YoYG Mix % Mix % 80% 35% 47% 70% Domestic 89% 94% -7% 60% 50% 89% Export 11% 6% 95% 40% 30% 58% 53% 20% Total 100% 100% -1.5% 10% 0% Hi Tech Agri Inputs Plastic Product Others Micro Irrigation
Slide 10: Debt Position
Debt Position INR Bn. June 30, 2017** Mar 31, 2017** Change QoQ June 30, 2016 Standalone (Total Net Debt) 14.59 14.38 0.21 26.21 Long Term 8.33 10.05 (1.72) 13.47 Short Term 8.62 6.01 2.61 14.73 Cash & Cash equivalent (2.36) (1.68) (0.68) (1.98) Consolidated (Total Net Debt) 40.62 36.09 4.54 38.13 L
Slide 11: Working Capital Analysis
Working Capital Analysis Standalone Days DSO Jun 30, 2017 DSO Mar 31, 2017 Inventory AR(gross) Net* Inventory AR(gross) Net Hi Tech 121 171 190 107 175 194 Plastic 61 97 83 44 104 88 Total* 103 146 157 88 147 159 * Including Other Division • Improvement of 2 days in overall net working capital drive
Slide 12: MIS Analysis - India
MIS Analysis - India MIS –Revenues INR Mn 1Q FY18 1Q FY17 Change YoY% Retail 3,353 3,417 -1.9% Project 196 373 -47.4% Domestic Total 3,549 3,790 -6.4% Export 660 326 102.4% Total 4,209 4,115 2.3% MIS -Receivables INR Mn 31-Mar-16 30-Jun-16 31-Mar-17 30-Jun-17 Change QoQ Retail 2,443 2,124 1,853 1,66
Slide 13: Recent Updates
RECENT UPDATES External Credit Rating upgrade from Credit Analysis & research Limited (“CARE Rating”) CARE Rating on June 16, 2017 has upgraded the credit rating of the company and assigned o CARE A; Stable (Single A Minus; Outlook: Stable) for long term Bank Facilities (Term Loan) from CARE BBB+
Slide 14: JISL Value Proposition
JISL Value Proposition Large domestic and global growth opportunities • Increasing MIS penetration a central and state government priority. Addressing climate change • Food business growth momentum to continue • Pipes business strongly correlated with Indian infrastructure spend Best-in class, fully
Slide 15: Small Ideas…Big Revolutions Thank You
SMALL IDEAS…BIG REVOLUTIONS THANK YOU DISCLAIMER Some of the statements in this presentation contain forward looking information that involve a number of risks and uncertainties. Such statements are based on a number of assumptions, estimates, projections or plans that are inherently subject to sign
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