Krbl Limited · NSE:KRBL
Krbl — Q3 FY2022 Earnings Presentation
24 slides from Krbl's earnings presentation, Feb 12, 2022
Slide 1: Exchange cover letter on Q3 FY22 results
E: KRBL/BI BHU/STK_EX_2122/66 12 February 2022 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 .j Sandra (E), Mumbai-400051 Dalal Street, Mumbai -400 001
Slide 2: KRBL Ltd. Investor Presentation Q3 & 9M FY2022
KRBL Ltd. Investor Presentation Q3 & 9M FY2022
Slide 3: Unmatched Strengths
Unmatched Strengths #1 #1 India’s largest exporter of KRBL has largest contact branded basmati rice with farming network coverage footprint in > 90 countries for rice India Gate, well established Strong financial position; #1 brand in India; KRBL healthy internal accruals leading player in branded a
Slide 4: Q3 FY22 standalone performance highlights
Q3 FY22 standalone performance highlights Total Income Gross Profit EBITDA PAT 1,169 249 123 73 270 174 3,956 3,168 Cash & Bank balance* Net Bank Debt Networth Total Inventory All figures in Rs . crore and are based on standalone financials *Includes investments in Mutual Funds 3
Slide 5: Building trajectory for growth
Building trajectory for growth Revenue from operations 3% All figures in Rs. crore • Revenue growth reflects robust gains in domestic 1,121 1,154 business whilst continuing impact of unavailability of some key markets for exports • Continued focus on driving growth across existing and new export m
Slide 6: Profitability metrics
Profitability metrics Gross Profit EBITDA All figures in Rs. Crore unless specified 29.3% 19.3% • Gross Profit impacted due to change in sales 21.6% product mix and higher raw material input 10.6% costs 329 249 217 123 • EBITDA Margin contracted owing to Q3 FY21 Q3 FY22 Q3 FY21 Q3 FY22 compressed Gr
Slide 7: Superior balance sheet matrix
Superior balance sheet matrix Current Ratio (%) 4.10 • Healthy liquidity position 3.51 • Continued efficiency in working capital management • Built higher inventories to support growth initiatives Q3 FY21 Q3 FY22 Working Capital Days Inventory Position (Rs. Crore) 256 253 262 248 1,640 1,660 1,348 1
Slide 8: Superior balance sheet matrix
Superior balance sheet matrix Net Bank Borrowing (Rs. Crore) • Healthy internal accruals leading to reduced reliance 314 on debt, further strengthening the balance sheet position 174 • Strong debt protection metrics • Financial strength reflected in Strong Credit Rating: 9M FY21 9M FY22 [ICRA] A1+;
Slide 9: 9M FY22 standalone performance highlights
9M FY22 standalone performance highlights Particulars (Rs. Crore) 9M FY21 9M FY22 Y-o-Y growth Revenue from operations 3,018 3,223 7% Total Income 3,037 3,259 7% Gross Profit 935 883 (6%) • Y-o-Y revenue growth remained strong • Margin trajectory remains healthy – Q3 Margin 31% 27% impacted by sales
Slide 10: Resulting in comprehensive shareholder value creation
Resulting in comprehensive shareholder value creation Networth (Rs. crore) Dividend as a % of FV 143% Consistent increase Over FY16 over the years 3,546 350% 3,119 2,717 280% 250% 2,279 230% 210% 1,872 190% 1,460 FY16 FY17 FY18 FY19 FY20 FY21 FY16 FY17 FY18 FY19 FY20 FY21 XX% CAGR shareholder retu
Slide 11: India Business
India Business _ . f | Drudiu be Pecan’ Hedlat KRBLM et INDIA WORLD'S LARGEST RICE NOLLERS GATE & BASMATI RICE EXPORTERS,
Slide 12: Continuing market leadership
Continuing market leadership 758 Revenue* in Rs. Crore for Q3 FY22 • Revenue growth driven by solid volumes gains, complemented by improvement in realization Trend in Domestic Business • Overall performance premised on executing strategy of densifying the distribution reach, increasing the brand pen
Slide 13: India Brand Portfolio
India Brand Portfolio 12
Slide 14: Strong leadership in Basmati market
Strong leadership in Basmati market Q3 FY22 Volume Market Share (India) Packaged Basmati (Traditional Trade) KRBL ; Others; 35% 35% • Unmatched leader in packaged Basmati in India • Fragmented supply offers huge opportunity to leverage strengths and expertise of KRBL Aroma LT Food ; 19% Agrotech ; 3
Slide 15: India Strategy
India Strategy Augmenting Portfolio across all Densifying distribution reach Increasing Brand Penetration four product segments • Preference for packaged rice has • Focus on trade marketing to accelerate • Non-basmati regional rice market largely significantly increased the already ongoing shift in
Slide 16: Unity: Accelerating shift to branded rice
Unity: Accelerating shift to branded rice Indian Basmati Rice Market- 2.5 Million metric tonnes Unity is now a Rs. 400 crore+ brand, drawing in customers from the un-branded segment Un-Branded Basmati rice 1.5 Mn MT. 15
Slide 17: Export Business
Export Business ~ > f | Drudiu be Pecan’ Hedlat KRBLM et IN pis WORLD'S LARGEST RICE MILLERS & BASMATI RICE EXPORTERS
Slide 18: Leadership beyond India
Leadership beyond India 379 • Continued focus on driving growth across existing and Revenue in Rs. Crore for Q3 FY22 new markets • Distributor appointed in Saudi Arabia; first set of orders Trend in Export Business recd • Y-o-Y trend affected by unavailability of Iran in -25% Q3FY2022 Revenue growth
Slide 19: Exports Brand Portfolio
Exports Brand Portfolio 18
Slide 20: Positive trends for Rice export from India
Positive trends for Rice export from India Global markets offer exciting opportunities for KRBL to drive growth Basmati rice exports from • High yielding varieties of rice have led to surplus production in the country Production • Adoption of technology in farming have helped spur growth in produce
Slide 21: Overall export market position
Overall export market position KRBL’s dominating presence in the GCC region India Gate Share to Premium Segment Rice • KRBL has strong presence in Norway, Sweden and Europe Denmark Kuwait Market Segment 86% • #1 in Canada in premium basmati rice Qatar Market Segment 82% Americas • KRBL recently laun
Slide 22: Export Strategy
Export Strategy Launch of economy variants / small packs to drive penetration New products Channel expansion Existing Markets New / Seeded markets Acquisition of new to rice consumer Direct marketing Channel deepening & diversification Direct marketing 21
Slide 23: Contact Us
Contact Us Safe Harbor This presentation contains statements that contain “forward looking statements” including, but without limitation, statements relating to Investor Relations Desk the implementation of strategic initiatives, and other statements relating to KRBL Limited and its affiliated compa
Slide 24: Thank You
Thank You f | Drudiu be Pecan’ Hedlat xepie® INDIA WORLD'S LARGEST RICE MILLERS GATE & BASMATI RICE EXPORTERS,