Kajaria Ceramics Limited · NSE:KAJARIACER
Kajaria Ceramics — Investor Presentation (November 2014)
27 slides from Kajaria Ceramics's investor presentation, November 2014
Slide 1: Corporate Presentation
Corporate Presentation November 2014
Slide 2: Agenda
Agenda Global Tile Industry Indian Tile Industry Kajaria Ceramics – overview Financials Shareholding Pattern 2
Slide 3: The production of top 10 countries
The production of top 10 countries… (Million Sq Mtr) CY09 CY10 CY11 CY12 CY13 CHINA 3600 4200 4800 5200 5700 48% BRAZIL 715 754 844 866 871 INDIA 490 550 617 691 750 6% IRAN 350 400 475 500 500 SPAIN 324 366 392 404 420 INDONESIA 278 287 320 360 390 ITALY 368 387 400 367 363 TURKEY 205 245 260 280 3
Slide 4: World production scenario
World production scenario • In 2013 world tile production reached 12 billion sq. mtr. - up 6.4% over 2012. • Asia produced 8315 million sqm – up 8.4% over 2012. Source: Ceramic World Review 4
Slide 5: The consumption of top 10 countries
The consumption of top 10 countries… (Million Sq Mtr) CY09 CY10 CY11 CY12 CY13 CHINA 3030 3500 4000 4250 4556 39% BRAZIL 644 700 775 803 837 INDIA 494 557 625 681 748 7% INDONESIA 297 277 312 340 360 IRAN 295 335 395 375 350 VIETNAM 240 330 360 254 251 SAUDI ARABIA 166 182 203 230 235 RUSSIA 139 158
Slide 6: Global consumption Scenario (CY13)
Global consumption Scenario (CY13) • The break down in consumption by geographical area is very similar to that of production. • In Asia, the consumption maintained at 66.5% in CY13. Source: Ceramic World Review 6
Slide 7: Global Scenario: Per capita consumption of tile
Global Scenario … Per capita consumption of tile (Sq Mtr) Source: Ceramic World Review 7
Slide 8: Indian Tile Industry
Indian Tile Industry • Indian tile industry is 748 million sq. mtr. as of March 2014. • Industry size is Rs. 21500 crore as of March 2014. • National Brands control 50% of industry. • The industry has been growing at a CAGR of 13 - 14% per annum in the last 4-5 years. 8
Slide 9: Indian Industry – Major Players
Indian Industry – Major Players National Brands control around 50% of the Industry Turnover as on 31.03.2014 (Rs/Cr) Prism Cement (TBK Division) 2125 Kajaria Ceramics 2024 Somany Ceramics 1328 Nitco Tiles 860 Asian Granito 770 RAK Ceramics 691 Orient Bell Ceramics 633 Varmora * 465 Simpolo * 500 Sun
Slide 10: Regional brands and unbranded players in Morbi/Himmatnagar
Balance of the industry is represented by other regional brands/unbranded players present in Morbi/ Himmatnagar (Gujarat). 10
Slide 11: Indian Industry – Segmentation
Indian Industry – Segmentation How Kajaria is Catering to all the segment of the 748 MSM tile Industry (Rs. 21500 Crore) 20 MSM 4 240 MSM MSM 34 MSM Manufactured at Gailpur and Manufactured at Gailpur and Morbi (Jaxx and Sikandrabad.Total capacity 9.30 MSM Polished Cosa). Total capacity 18.90 MSM. A
Slide 12: Manufacturing
Manufacturing • Kajaria started production in August 1988 at Sikandrabad (UP) with 1 million sq. mtr. per annum. • Current Capacity of Sikandrabad plant is 9.80 million sq. mtr. of ceramic floor tiles and glazed vitrified tiles. 12
Slide 13: Manufacturing
Manufacturing Commissioned 2nd Plant in March 1998 at Gailpur (Rajasthan) with a capacity of 6 million sq mtr p.a. and further increased the capacity in phased manner. The present capacity of Gailpur plant is 21.50 millions sq. mtr. per annum of ceramic wall tiles and vitrified tiles. 13
Slide 14: The total present capacity is 54.10 msm per annum
The total present capacity is 54.10 msm per annum 14
Slide 15: Geographical Spread of the Tile Production Capacity
Geographical Spread of the Tile Production Capacity 9.80 MSM (Sikandrabad, U P) 21.50 MSM (Gailpur, Rajasthan) 4.60 MSM (JV with Soriso, Morbi Gujarat) 5.70 MSM (JV with Cosa, Morbi, Gujarat) 10.20 MSM (JV with Jaxx, Morbi, Gujarat) MSM Ceramic Polished Glazed Plant Vitrified Vitrified Total Tiles T
Slide 16: Ongoing Expansions / Acquisitions
Ongoing Expansions /Acqusitions A. Standalone: Greenfield Project (Rajasthan) In the Board Meeting dated 7th May 2014 the company decided to put up 5 MSM annual capacity of polished vitrified tiles at a new location in Rajasthan. The project is expected to be completed by June 2015. Brownfield Proje
Slide 17: Diversification
Diversification KAJARIA BATHWARE (P) LIMITED We have incorporated a new company, a wholly owned subsidiary for venturing into allied products. a) Sanitaryware: Kajaria Sanitaryware (P) Ltd., in which KBL holds majority shares, has started the production of sanitaryware on 6th April 2014. However, th
Slide 18: Distribution Network of Strong & Loyal 900 dealers
Distribution Network of Strong & Loyal 900 dealers all Over the country A stand alone shop that gives dedicated space to all tile verticals. A stand alone shop that gives 2000 sq. ft. + dedicated space to high end tiles made or imported by the company. A shop where a dealer gives dedicated space for
Slide 19: 23 Corporate Offices / Display Centers across the country
23 Corporate Offices / Display Centers across the Amritsar Ludhiana Chandigarh Dehradun country New Delhi Jaipur Lucknow Guwahati Varanasi Patna Ahmedabad Indore Kolkata Nagpur Raipur Mumbai Aurangabad Pune Hyderabad Bengaluru Chennai Coimbatore Cochin Customers / Architects come to select the tiles
Slide 20: Taking part in exhibitions across the country
TAKING PART IN EXHIBITIONS ACROSS THE COUNTRY 20
Slide 21: Superbrand for Seventh consecutive time
Only Ceramic Tile Company in India conferred with “Superbrand” for Seventh consecutive time. Superbrand is a concept that originated in the UK in 1993 and currently operating in 86 countires 21
Slide 22: Net Sales, PAT, EBDITA and PAT Margin
Net Sales (Rs. Crore) PAT (Rs. Crore) 2000 160 1839 1800 124 1582 1600 120 105 1400 1312 81 1200 80 61 952 1000 800 40 FY-11 FY-12 FY-13 FY-14 FY-11 FY-12 FY-13 FY-14 EBDITA MARGIN (%) PAT MARGIN (%) 15.83 16.00 15.64 15.65 15.61 8.00 6.61 6.76 6.37 6.17 6.00 14.00 4.00 2.00 12.00 0.00 FY-11 FY-12 F
Slide 23: Debt Equity, Debt, Working Capital Cycle, Return on Equity
Debt Equity (X) Debt (Rs. Crore) Standalone Consolidated Standalone Consolidated 1.05 330 0.96 320 0.86 280 278 0.82 0.80 230 242 236 216 0.55 0.61 180 207 130 0.41 0.30 0.32 80 89 0.17 57 0.05 0.10 30 Mar-12 Mar-13 Mar-14 Sep-14 Mar-12 Mar-13 Mar-14 Sep-14 Working Capital Cycle (days) # Return on E
Slide 24: Income Statement
Income Statement Financial highlights (Rs in Crore) Q2FY15 Q2FY14 Growth H1FY15 H1FY14 Growth Standalone Consolidated Standalone Consolidated Standalone Consolidated Standalone Consolidated Standalone Consolidated Standalone Consolidated Gross Sales 582.37 591.40 505.19 509.81 15% 16% 1128.08 1145.4
Slide 25: Shareholding Pattern
Shareholding Pattern As on 30th Sep. 2014 Equity Shares Outstanding – 75.58 millions Public / Others NRI's 16.34% 0.91% Promoters FIs / FIIs / Mutual 52.09% Funds 30.66% The Board in its meeting held on 27th October 2014 has allotted 3885420 equity shares of Rs 2/- each @ Rs. 257.37 per equity share
Slide 26: Forward looking and cautionary statement
Forward looking and cautionary statement Certain statements in this report concerning our future growth prospects are forward looking statements, which involve a number of risks, and uncertainties that could cause actual results to differ materially from those in such forward looking statements. The
Slide 27: Thank You!
Thank You! Kajaria
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