Ifb Industries Ltd · NSE:IFBIND
Ifb Industries — Q1 FY2021-22 Earnings Presentation
32 slides from Ifb Industries's earnings presentation, Aug 12, 2021
Slide 1: Covering letter to stock exchanges
__Jli'JI 1----------------------------------: 11:,.:H:-=ln~d~u~stries Limited Corporate Office ■ Plot No.-lND-5, Sector-1 East Calcutta Township,Kolkata-700 107 Telephone : (91) (33) 39849475/9524 Fax: (91)(33)39849676 Web : www.ifbindustries.com 12th August, 2021 The Manager Department of Corporate
Slide 2: Financial Report Quarter Ended 30th June, 2021
Jli'JI IFB Industries limited Financial Report Quarter Ended 30th June, 2021
Slide 3: Financial Track Record
Financial Report-Quarter Ended 30th June, 2021 Q1 Financial Track Record Revenue (t in crore) Operating Profit/EBDITA (t in crore) 50 ~ - 40 ---------------~ 6771---------------- 595 ~ ~, ~ ~ 534 556 10 FY17-18 FY 18-19 0 ----4 283 ----11 -------------~~------- -10 ------------------"i,:=-------.::;
Slide 4: Parameters Q1 FY 2021-22
Financial Report-Quarter Ended 30th June, 2021 Parameters Ql FY 2021-'22 1 (~ in crore) Total Revenue f556.l 7 lI Revenue from Operations f552.41 EBDITA f{30.18) +96.8% +97.7% -3.6% II EBDITA Margin % Net Profit Margin EPS (5.4) {7.6%) f{l0.50) +488 bps +755 bps +0.9% L i Receivables Inventories Acc
Slide 5: Financial Review
Financial Report-Quarter Ended 30th June, 2021 Financial Review Q 1 1 The Company has reported a total income of f556 crore, a growth of 96% over the corresponding Quarter of the previous year. EBDITA amount for the Quarter wast(-) 30 crore as against t(-) 29 crore during the corresponding period of
Slide 6: Balance Sheet
Financial Report-Quarter Ended 30th June, 2021 Balance Sheet 1 We have a total borrowing of t248.80 crore including term loan amount of tl 89.09 crore. Break-up of borrowing is as follows: Borrowing (tin crore) - LoanTiee Value Banker Pu~ose Tenure ECB 113.28 Standard Chartered AC Project Five Years
Slide 7: Cash position and Market Conditions
Financial Report-Quarter Ended 30th June, 2021 Against the aforesaid borrowing, as of 30 June, '21, our Cash and Bank Balances (including investments 1 in Mutual Funds) were f346.06 crore. Hence, the Company remained debt free on a net basis as of the last day of the 1 st Quarter of FY '2 l -'22. Th
Slide 8: Market Conditions and Business Update: Home Appliances
Financial Report-Quarter Ended 30th June, 2021 • The increasing pace of change in the global market for household appliances stems from a growing middle class 1 who want a better and healthier life. As washing in a machine is much easier, why hire domestic workers, who only prove to be expensive? •
Slide 9: Home Appliances business update
Financial Report-Quarter Ended 30th June, 2021 In the 1st Quarter the market was disrupted due to the second wave of the pandemic and AC sales for the 1st Quarter 1 of FY '21-'22 were worst affected. We expect pent up demand during the July to September period to help increase sales. IFB Point sales
Slide 10: Business Updates Engineering Division
Financial Report-Quarter Ended 30th June, 2021 Business Updates 1 Engineering Division: In the 1st Quarter, the automotive sector saw a sharp decline in sales: • The second wave of the COVID-19 pandemic started in India in March '21 and continued till June '21. • Due to lockdown and night curfew, de
Slide 11: Home Appliances Division
Financial Report-Quarter Ended 30th June, 2021 Home App~iances D'vlslon 1 The Division's range of products covers both domestic and industrial application categories. The updates at the end of the 1st Quarter for each of the product categories are given below: • Front Load Washing Machine The range
Slide 12: Clothes Dryers and Dishwashers
Financial Report-Quarter Ended 30th June, 2021 • Clothes Dryers and Dishwashers 1 The clothes dryer is no longer a seasonal product and its demand has been consistent over the last few Quarters. This category will partially move to the washer dryer segment, post the ramp up of the Company's Washer-D
Slide 13: Industrial dishwashing and Microwave Ovens
Financial Report-Quarter Ended 30th June, 2021 IFB covers the full range of glass washers, under counter dishwashers as well as hood type and rack conveyor type 1 dishwashing equipment. The Company continues to enjoy dominant market share across all customer segments, including defence establishment
Slide 14: Air Conditioners
Financial Report-Quarter Ended 30th June, 2021 • Air Conditioners 1 This category was affected by the COVID-19 pandemic last year. We achieved a sales volume of 81 Kin the fiscal year as compared to 90K in the previous year. This deficit was due to a complete washout in April and May '20. The 1st Qu
Slide 15: Modular Kitchens
Financial Report-Quarter Ended 30th June, 2021 • Modular Kitchens 1 In the last two Quarters, we expanded the kitchen format presence in Goa and Bangalore by adding another three outlets. The new design format combines the modular kitchens with appliances-this format will now be a part of future ret
Slide 16: Summary of Home Appliances Division
Financial Report-Quarter Ended 30th June, 2021 Financial Summary of Home Appliances Division 1 (fin crore) ------- gJ (FY '2 l -'22) 01 (FY'20-'21} Revenue from Operations 433,62 248.97 EBITDA -31.94 -17.48 EBITDA % on Revenue -7.37 -7.02 - - -· - - - - ·---- -- - --- ----------- - - -- -----------
Slide 17: Summary of Engineering Division
Financial Report-Quarter Ended 30th June, 2021 Financial Summary of Engineering Division 1 {? in crore) Ql (FY '21-'22) Ql (FY '20-'21) Revenue from Operations 111.79 29.27 EBITDA 8.57 -7.91 EB ITDA % on Revenue - ------- -- - ....... - -· - - - --- -- - - -- - - - 7.67 .. -- -- -- -- -1.91 - ·- ---
Slide 18: After Market Division
Financial Report-Quarter Ended 30th June, 2021 After Market Division 1 (~ in crore) ---- 91 (FY '21-'22) Ql {FY '20-'21 Revenue from Operations 7.81 7.04 EBITDA -0.71 -0.51 EBITDA % on Revenue -9.09 -7.24 -- - EBIT - -- ------------------ -0.79 -0.57 - --- ------ -- - EBIT % on Revenue -10.12 -8.10
Slide 19: Motor Division
Financial Report-Quarter Ended 30th June, 2021 otor Division 1 Business trends were down last year due to the COVID-19 pandemic but we forecast the offtake from OEMs to improve in the coming months. The Division has made a strategy to work towards achieving energy conservation in the near future. In
Slide 20: Summary of Stamping Division
Financial Report-Quarter Ended 30th June, 2021 Financial Summary of Stamping Division 1 (tin crore) Ql (FY '21-'22) Ql (FY '20-'21) Revenue from Operations 10.90 1.96 EBITDA 0.56 -0.22 EBITDA % on Revenue 5.14 -11.22 EBIT -1.25 -1.99 EBIT % on Revenue -11.47 -101.53 In FY '20-'21, due to the outbrea
Slide 21: Subsidiaries
Financial Report-Quarter Ended 30th June, 2021 Subsid1iaries 1 IFB Industries Limited, the Holding Company, has two wholly owned subsidiaries-Trishan Metals Private Limited (TMPL) and Global Automotive & Appliances Pte Ltd (GAAL), as well as one step-down subsidiary, Thai Automotive and Appliances L
Slide 22: Thai Automotive and Appliances; Global Automotive & Appliances
Financial Report-Quarter Ended 30th June, 2021 Thai Automotive and Appliances Limited 1 (~ in crore) Ql (FY '21-'22) Q 1 (FY '20-'2 lj Revenue from Operations 10.83 5.75 EBITDA 0.68 -0.28 - EBITDA % on Revenue 6.28 -4.87 ------- EBIT 0.09 -0.83 EBIT % on Revenue ------ -------- 0.83 -14.43 Despite t
Slide 23: Why it is strategic to have an establishment in Singapore
Financial Report-Quarter Ended 30th June, 2021 Why it =s strateg'c to have an estabiishment in Singapore 1 • Having an office there gives us credibility in dealing with global companies that have their regional headquarters in Singapore and this gives us an access to all other ASEAN countries who ha
Slide 24: Standalone Income Statement
Financial Report-Quarter Ended 30th June, 2021 1 STANDALONE INCOME STATEMENT QTR (~ in crore) 30 Jun, '21 30 Jun, '20 Total Sale of Products 654.00 332.62 Less: Trade Scheme and Discounts 134.52 73.64 Net Sales 519.48 258.98 - Sale of Services 20.54 18.07 - Other Operating Revenues 12.39 2.35 Revenu
Slide 25: Standalone Balance Sheet
Financial Report-Quarter Ended 30th June, 2021 1 STANDALONE BALANCE SHEET (~ in crore) 30 Jun, '21 30 Jun, '20 A~SETS Property, Plant and Equipment" 668.18 579.72 Investment in Subsidiaries 47.90 33.60 - Investment in Equity Shares 2.25 Inventories 482.29 291.53 Investment in Mutual Funds 209.88 180
Slide 26: Standalone Key Ratios
Financial Report-Quarter Ended 30th June, 2021 STANDALONE KEY RATIOS QTR 30 Jun, '21 30 Jun, '20 Earnings Per Share (In~) (Not Annualised) (10.50) (10.60) Book Value per Share (Int) 164.11 148.84 Current Ratio(#) 1.26 1.47 Quick Ratio(#) 0.73 0 ..96 EBDITNTotal Income{%) {5.4) (10.3} Net Profit Marg
Slide 27: Standalone Cash Flow Statement
Financial Report-Quarter Ended 30th June, 2021 1 STANDALONE CASH FLOW STATEMENT QTR (fin crore) 30Jun'21 30Jun '20 CASH FLOWS FROM OPERATING ACTIVITIES Profit Before Tax (63.01) (59.67) Non Cash and other Adjustments 25.54 29.41 Operating Profit Before Working Capital Changes (37.47) (30.26) Movemen
Slide 28: Consolidated Highlights
Financial Report-Quarter Ended 30th June, 2021 1 CONSOLIDATED HIGHLIGHTS (~ in crore) Ql ('21-'22) Ql ('20-'21) Total Income 575.79 290.67 Earning Before Depreciation, Interest & Tax* (27.81) (30.97) Earning Before Interest and Tax* (54.17) (54.42) Profit Before Tax* (61.73) (62.67) Profit After Tax
Slide 29: Consolidated Income Statement
Financial Report-Quarter Ended 30th June, 2021 1 CONSOLIDATED INCOME STATEMENT QTR (~ in crore) 30 Jun, '21 30 Jun, '20 Revenue From Operations 572.04 287.39 Total Income 575.79 290.67 EBDITA* (27.81) (30.97) EBDITA Margin (%) (4.83) (10.65) EBIT* (54.17) (54.42) EBIT Margin (%) (9.4) (18.7) Finance
Slide 30: Consolidated Balance Sheet
Financial Report-Quarter Ended 30th June, 2021 1 CONSOLIDATED BALANCE SHEET (~ in crore) 30 Jun, '21 31 Mar, '21 ASSETS Property, Plant and Equipment* 722.02 674.83 Investment in Equity Shares 2.25 2.25 Inventories 497.11 462.28 Investment in Mutual Funds 209.88 258.22 Trade Receivables 246.24 265.6
Slide 31: Thank You / Disclaimer
Thank You Disclaimer This presentation contains statements which reflect the Management's current views and estimates and may be construed as forward-looking in nature. The future involves certain risks and uncertainties that may cause actual results to differ materially from the current views being
Slide 32: Contact
OVER 6 MILLION SATISFIED CUSTOMERS Microwave Oven Built in Oven Dishwasher Chimney I Built in Hob Top Load Front Load 100% Clothes Dryer Air Conditioner Contact Prabir Chatterjee Director and Chief Financial Officer Phone +91 33 39849475/9524 Mobile +91 9331648802/9674686372 Fax +91 33 39849676 Emai