Jindal Stainless Limited · NSE:JSL
Jindal Stainless — Q3 FY21 Earnings Presentation
16 slides from Jindal Stainless's earnings presentation, Feb 5, 2021
Slide 1: Exchange intimation cover letter for revised earnings presentation
J5LI'"'\ JINDAL STAINLESS 05 th February, 2021 BSE Limited . National Stock Exchange of India Ltd. Corporate Relationship Department, Exchange Plaza, 5th Floor, 1st Floor, New Trading Ring, Plot no. C/ 1, G Block Rotunda Building, P J Towers, Bandra-Kurla Complex, Bandra (E), Dalal Street, Fort, Mum
Slide 2: Q3 & 9M FY21 Earnings Presentation
JINDAL STAINLESS LIMITED Q3 & 9M FY21 Earnings Presentation February 4, 2020
Slide 3: Disclaimer
Disclaimer This presentation and the accompanying slides (the “Presentation”), which has been prepared by Jindal Stainless Limited (the "Company"), has been prepared purely for information purposes only and is not, and is not intended to be, an offer, or solicitation of offer, or invitation or recom
Slide 4: Q3 & 9M FY21 Results Overview
Q3 & 9M FY21 Results Overview 3
Slide 5: Key Financials Highlights – Q3 & 9M FY21
Key Financials Highlights – Q3 & 9M FY21 Net Revenue from operations EBITDA 9,416 933 874 7,870 445 3,179 3,156 3,452 302 352 Q3 FY20 Q2 FY21 Q3 FY21 9M FY20 9M FY21 Q3 FY20 Q2 FY21 Q3 FY21 9M FY20 9M FY21 Shift (%) QoQ: 9% YoY: 9% (16%) Shift (%) QoQ: 26% YoY: 47% (6%) PAT 175 163 152 98 56 Q3 FY20
Slide 6: Key Operational Update – Q3 & 9M FY21
Key Operational Update – Q3 & 9M FY21 Sales Volume (MT) 695 570 Thousands 239 230 251 Q3 FY20 Q2 FY21 Q3 FY21 9M FY20 9M FY21 Shift (%) QoQ: 9% YoY: 5% (18%) Sales Composition – Q3 FY21 Sales Composition – 9M FY21 Export Export 15% 21% Domestic Domestic 85% 79% 5 Note: Standalone financials
Slide 7: Key Raw Materials – Price Trend
Key Raw Materials – Price Trend Nickel (USD/MT) 15,540 15,450 15,930 14,210 12,723 12,215 Q2FY20 Q3FY20 Q4FY20 Q1FY21 Q2FY21 Q3FY21 Note: Average quarterly prices; Source: LME Fe Chrome (INR/ton) 68,775 65,583 64,258 63,875 61,800 60,950 Q2FY20 Q3FY20 Q4FY20 Q1FY21 Q2FY21 Q3FY21 6 Note: Average quar
Slide 8: Q3 FY21 Financial and Operational Discussions (Standalone)
Q3 FY21 Financial and Operational Discussions (Standalone) Revenue rose 9% Y-o-Y to Rs. 3,452 crore o A V-shaped recovery in domestic Stainless steel demand bolstered sales volume to 250,562 tonne o Healthy revival was witnessed in end-user segments like Automotive, Piper & Tubes and Industrial fa
Slide 9: 9M FY21 Financial and Operational Discussions (Standalone)
9M FY21 Financial and Operational Discussions (Standalone) Revenue stood at Rs. 7,870 crore o Despite COVID induced challenges, sales volume achieved 82% of the quantity sold during the same period last year EBITDA reported at Rs. 874 crore o EBITDA/ tonne at Rs.15,349 rose by 14% Y-o-Y PAT st
Slide 10: Management Comment
Management Comment “Buoyed by increasing demand in auto, P&T and hollowware sectors, the outlook for the domestic stainless Commenting on the steel market remains strong. However, the recent budget performance, Mr. announcement for suspension of trade remedial measures Abhyuday Jindal, Managing Dire
Slide 11: Abridged P&L Statement (Standalone)
Abridged P&L Statement (Standalone) YoY YoY Particular (Rs. crore) Q3 FY21 Q3 FY20 9M FY21 9M FY20 Change (%) Change (%) Net Revenue from operations 3,452 3,179 9% 7,870 9,416 (16%) Total Expenditure 3,007 2,877 5% 6,995 8,483 (18%) EBITDA 445 302 47% 874 933 (6%) EBITDA / ton 17,745 12,640 40% 15,3
Slide 12: Abridged P&L Statement (Consolidated)
Abridged P&L Statement (Consolidated) YoY YoY Particular (Rs. crore) Q3 FY21 Q3 FY20 9M FY21 9M FY20 Change (%) Change (%) Net Revenue from operations 3,585 3,302 9% 8,275 9,857 (16%) Total Expenditure 3,111 3,003 4% 7,393 8,939 (17%) EBITDA 473 300 58% 882 918 (4%) EBITDA / ton 18,884 12,522 51% 15
Slide 13: Comfortable Debt Position
Comfortable Debt Position Borrowings (Standalone) As on As on As on (Rs. crore) Dec.2020 Mar.2020 Mar.2019 Long term debt 1,659 2,357 2,050 Inter corporate loan from related party 900 900 900 OCRPS* - - 695 Total Long term debt 2,559 3,257 3,645 Short term borrowing 206 398 473 Total Debt 2,765 3,65
Slide 14: Key Financial Ratios (Standalone)
Key Financial Ratios (Standalone) Net Debt/Equity 1.7 1.4 0.9 FY19 FY20 9M FY21 Net Debt/EBITDA 3.6 3.1 2.3 FY19 FY20 9M FY21 Note: 1) 9M FY21 calculations based on TTM figure 2) Net Debt includes short-term & long term debt less cash & investments 13
Slide 15: About Us
About Us Jindal Stainless Ltd. (JSL) is amongst the leading stainless steel manufacturing companies in the world and India's largest stainless steel manufacturer. The Company operates an integrated stainless steel plant at Jajpur, Odisha. The complex has a total stainless steel Goutam Chakraborty /
Slide 16: Thank You
Thank You 15