Krbl Limited · NSE:KRBL
Krbl — Q2 and H1 FY2020 Earnings Presentation
21 slides from Krbl's earnings presentation, Nov 4, 2019
Slide 1: Exchange filing cover letter for investor communication
E:KRBL/BIBHU/STK_EX_1920/59 4 November 2019 The General Manager National Stock Exchange of India Limited Department of Corporate Services "Exchange Plaza", C-1, Block-G BSE Limited Bandra-Kurla Complex Floor 25, Phiroze Jeejeebhoy Towers Sandra (E) Dalal Street / Mumbai-400051 Mumbai - 400 001 Scrip
Slide 2: Investor Presentation Q2 and H1FY20
Investor Presentation Q2 and H1FY20 1 https://www.youtube.com/watch?v=ftO8luxERI0
Slide 3: Safe Harbor
Safe Harbor This presentation contains statements that contain “forward looking statements” including, but without limitation, statements relating to the implementation of strategic initiatives, and other statements relating to KRBL Limited and its affiliated companies (“KRBL”) future business devel
Slide 4: Q2 and H1FY20 Performance
Q2 and H1FY20 Performance 3 https://www.youtube.com/watch?v=ftO8luxERI0
Slide 5: Q2FY20 Performance Highlights – Consolidated Financials
Q2FY20 Performance Highlights – Consolidated Financials (in INR cr) Revenue from Operations EBITDA PBT 28.5% 239 28.0% 34.3% 1,245 222 890 172 146 Q2FY19 Q2FY20 Q2FY19 Q2FY20 Q2FY19 Q2FY20 PAT EPS (in INR) Inventory Position 6.68 1,994 157 27.9% 27.8% 40.8% 113 4.82 1,417 Q2FY19 Q2FY20 Q2FY19 Q2FY20
Slide 6: H1FY20 Performance Highlights – Consolidated Financials
H1FY20 Performance Highlights – Consolidated Financials (in INR cr) Revenue from Operations EBITDA PBT 1,988 2,108 6.0% 423 412 2.5% 371 7.0% 345 H1FY19 H1FY20 H1FY19 H1FY20 H1FY19 H1FY20 PAT EPS (in INR) Net Worth 257 3.0% 10.93 10.60 3.0% 2,906 250 2,480 H1FY19 H1FY20 H1FY19 H1FY20 Sep'18 Sep'19 Q
Slide 7: Standalone Segment: Q2FY20 Business Update
Q2FY20 Business Update Q2FY20 Q2FY19 % change Rice Qty Rate Rate Value Sales* (in (in Value Qty (in (in Rs. Qty Price Value (in Rs. Cr) (in MTS) (in MTS) Realization MTS) Rs./Mt) Rs./Mt) Cr) Indian Market 84,082 57,933 487.11 98,538 52,171 514.08 -14.67% 11.04% -5.25% Sales Export Market 36,342 86,1
Slide 8: Standalone Segment: H1FY20 Business Update
H1FY20 Business Update H1FY20 H1FY19 % change Rice Qty Rate Rate Value Sales* (in (in Value Qty (in (in Rs. Qty Price Value (in Rs. Cr) (in MTS) (in MTS) Realization MTS) Rs./Mt) Rs./Mt) Cr) Indian Market 1,69,381 58,280 987.15 1,69,183 52,822 893.65 0.12% 10.33% 10.46% Sales Export Market 1,09,553
Slide 9: Understanding the Corporate Tax Rate cut
Understanding the Corporate Tax Rate cut… Amendments to the Income-tax Act,1961 • Avail no other exemption/ TO OPT FOR THE TO NOT OPT FOR incentive PROVISION THE PROVISION Basic • Continue to pay tax at pre- • Effective tax rate at 25.168% Corporate amended rate. (inclusive of Surcharge & Cess) Tax
Slide 10: Key Financial Indicators and Free Cash Flows
Key Financial Indicators and Free Cash Flows… (in INR cr) PARTICULARS SEP-15 SEP-16 SEP-17 SEP-18 SEP-19 Total Income/ Revenue 1,950.13 1,440.78 1,618.32 1,994.17 2,115.74 Net Worth Free Cash Flow Net Debt 2,897 EBITDA 306.85 295.85 423.04 417.58 411.01 2,473 OPERATING CASH FLOW 875.99 724.98 970.06
Slide 11: Consistently improving Operating Cash Flows
Consistently improving Operating Cash Flows (in INR cr) PARTICULARS SEP-15 SEP-16 SEP-17 SEP-18 SEP-19 OPERATING PROFITS BEFORE WORKING 306.01 295.20 423.04 417.58 411.01 CAPITAL CHANGES Net Cash Flow from Operations EBITDA Adjustment for working capital changes: (Increase)/ decrease in financial an
Slide 12: Efficient working capital management with near-zero, long-term debt
Efficient working capital management with near-zero, long-term debt (In INR cr) Inventory Net Debt 3,129 2,462 2,020 1,994 1,796 1,417 1,303 1,327 1,289 1,424 1,150 1,087 1,176 566 586 220 173 0 H1FY16 H2FY16 H1FY17 H2FY17 H1FY18 H2FY18 H1FY19 H2FY19 H1FY20 • Most of the debt for the Company is in t
Slide 13: Aim to grow revenues to ~INR 8,000 cr in 4-5 years
Aim to grow revenues to ~INR 8,000 cr in 4-5 years on compelling growth drivers… Basmati Rice- Attractive industry dynamics Strong Corporate 7 1 Governance KRBL’s unique positioning 2 6 Opportunities Strong in new growth manufacturing and segments distribution strengths 3 5 4 Robust financial Fully
Slide 14: INDIA GATE – The flagship brand
Market Leader, high growth FMCG Company LEGACY NETWORK 130 years of rich industry 484 dealer and distributor network in INDIA GATE – The flagship brand experience India 250,000 acres contract rice farming network #1 Largest exporter of Branded BRAND Basmati Rice from India #1 Largest selling brand i
Slide 15: A leading branded FMCG company - India's largest producer and exporter of branded Basmati rice
A leading branded FMCG company - India's largest producer and exporter of branded Basmati rice • Established in 1889, KRBL is India's first integrated rice company. Our History since Listing in 1995 … • Present in the entire value chain from seed development and multiplication, Revenue from Operatio
Slide 16: A 130-year-old legacy – Evolution and key milestones
A 130-year-old legacy – Evolution and key milestones 2016 Set up the fourth facility at Barota 2010 Received the Halal Stock split. Face certification 1995 2001 value divided Listed at BSE, Delhi from Rs. 10 to Received Stock Exchange & Rs. 1 per share ISO-9002 for the 2006 Ahmedabad Gautam Budh GDR
Slide 17: 130-year old legacy, led by a committed management
130-year old legacy, led by a committed management Anil Kumar Mittal • Visionary of the company, provides strategic direction to all aspects of the business Chairman and • Over 44 years of experience in the rice industry Managing Director • Founder and former president of All India Rice Exporters As
Slide 18: Ploughing back profits consistently to drive growth
Ploughing back profits consistently to drive growth… Management remuneration as a % of Profits History of three generations perfecting the Basmati grain 0.8% 0.7% 0.7% Committed to enhancing capacities and 0.6% introducing latest milling techniques to the 0.5% Basmati rice industry. Long-standing re
Slide 19: Shareholding Pattern as of 30th September, 2019
Shareholding Pattern as of 30th September, 2019 19.2% Promoters Bank, FI, Insurance & Mutual Fund Foreign Portfolio Investor 14.4% NRI/OCB/ Foreign National/ QFI 58.8% Public/ Other 7.0% 0.6% Q2 and H1FY20 Investor Presentation 18
Slide 20: Awards and accolades
Awards and accolades 2018 2017 2016 2015 2015 The Agriculture Golden Trophy by APEDA Guinness World Record World Greatest Brand Mr. Anil Kumar Mittal was Leadership Award for for outstanding export for display of the heaviest 2015, ASI, & GCC, awarded the prestigious dominant position in agro perfor
Slide 21: KRBL Limited Regd. Office
KRBL Limited Regd. Office : 5190, Lahori Gate, Delhi - 110 006, INDIA. Tel. : +91-11-23968328 Fax : +91-11-23968327 CIN No.: L01111DL1993PLC052845 www.krblrice.com E‐mail: investor@krblindia.com https://www.youtube.com/watch?v=ftO8luxERI0 20 http://www.krblrice.com/fy-2019/annual-report/KRBL_ANNUAL_