Kajaria Ceramics Limited · NSE:KAJARIACER
Kajaria Ceramics — Q1 FY21 Earnings Presentation
26 slides from Kajaria Ceramics's earnings presentation, Aug 7, 2020
Slide 1: Kajaria Outcome of Board Meeting letter to stock exchanges
YEARS OF TRANSFORMATION Kajaria August 7, 2020 BSE limited The National Stock Exchange of India ltd. P.J. Tower Exchange Plaza Dalal Street, Fort Sandra Kurla Complex Mumbai - 400 001 Sandra (E) Mumbai - 400 051 Dear Sir, Re.: Outcome of the Board Meeting and announcements pursuant to the SEBI (List
Slide 2: Independent Auditor's Review Report on Standalone Results
Walker Chandiok &Co LLP Walker Chandiok & Co LLP 21% Floor, DLF Square Jacaranda Marg, DLF Phase II Gurugram — 122 002 India T +91 124 4628099 F +91 124 4628001 Independent Auditor’s Review Report on Standalone Unaudited Quarterly Financial Results of Kajaria Ceramics Limited Pursuant to the Regulat
Slide 3: Independent Auditor's Review Report (continued)
Walker Chandiok &Co LLP 4. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the accounting principles laid down in Ind AS 34, prescribed under Section 133 of the Act, and other accounting
Slide 4: Statement of Unaudited Standalone Financial Results
Kajaria STATEMENT OF UNAUDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER ENDED 30 JUNE 2020 (~ in crores, except per share data) Quarter ended Year ended PARTICULARS 30 June 2020 31 March 2020 30 June 2019 31 March 2020 (Unaudited) (refer note No 5) (Unaudited) (Audited) 1. INCOME a) Revenue from
Slide 5: Notes to Standalone Financial Results
Kajaria Notes : 1 The above standalone financial results have been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on 07 August 2020 and have undergone 'Limited Review' by the statutory auditors of the Company. 2 The above results have been pr
Slide 6: Independent Auditor's Review Report on Consolidated Results
Walker Chandiok &Co LLP Walker Chandiok & Co LLP 21% Floor, DLF Square Jacaranda Marg, DLF Phase II Gurugram — 122 002 India T +91 124 4628099 F +91 124 4628001 Independent Auditor’s Review Report on Consolidated Unaudited Quarterly Financial Results of Kajaria Ceramics Limited Pursuant to the Regul
Slide 7: Independent Auditor's Review Report (continued)
Walker Chandiok &Co LLP 4. Based on our review conducted and procedures performed as stated in paragraph 3 above and upon consideration of the review reports of the other auditors referred to in paragraph 5 below, nothing has come to our attention that causes us to believe that the accompanying Stat
Slide 8: Annexure: List of entities included
Walker Chandiok &Co LLP Annexure 1 List of entities included in the Statement Jaxx Vitrified Private Limited; Vennar Ceramics Limited; Kajaria Tiles Private Limited (formerly known as Kajaria Floera Ceramics Private Limited); Cosa Ceramics Private Limited; Kajaria Plywood Private Limited; Kajaria Ba
Slide 9: Statement of Unaudited Consolidated Financial Results
Kajaria STATEMENT OF UNAUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER ENDED 30 JUNE 2020 (a!' in crores, except per share data) Quarter ended PARTICULARS 30 June 2020 31 March 2020 30 June 2019 31 March 2020 (Unaudited) (refer note No 4) (Unaudited) (Audited) 1. INCOME a) Revenue from operat
Slide 10: Consolidated Segment Wise Revenue, Results, Assets and Liabilities
Kajaria UNAUDITED CONSOLIDATED SEGMENT WISE REVENUE, RESULTS.ASSETS AND LIABILITIES FOR THE QUARTER ENDED 30 JUNE 2020 (~ in crores,except per share datal Quarter ended Year ended PARTICULARS 30 June 2020 31 March 2020 30 June 2019 31 March 2020 (Unaudited) (refer note 4) (Unaudited) (Audited) 1.Seg
Slide 11: Notes to Consolidated Financial Results
Kajaria Notes: 1 The above consolidated financial results have been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on 07 August 2020 and have undergone 'Limited Review' by the statutory auditors of the Company. 2 The above results have been p
Slide 12: Extract of Unaudited Consolidated Financial Results
Kajaria EXTRACT OF UNAUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER ENDED 30 JUNE 2020 m crores, except per s hare data) Quarter ended Year ended Sr Particulars 30 June 2020 31 March 2020 30 June 2019 31 March 2020 No (Unaudited) (refer note No 3) (Unaudited) (Audited) 1 Income a) Revenue fr
Slide 13: Kajaria Ceramics Limited – Q1 FY21
KAJARIA CERAMICS LIMITED Investor Update – Q1 FY21 August 7, 2020 1/14
Slide 14: Content
Content Chairman’s Message Financial Performance – Q1 FY21 Balance sheet perspective Subsidiaries Income Statement Shareholding Pattern 2/14 Investor Update Q1 FY21
Slide 15: Chairman's Message
Chairman’s Message The start of the Fiscal was anything but exciting as the fear of the COVID-19 gripped the nation. The slowdown in the economic activity and Supply Chain disruptions due to lockdown continued to impact the business. Although, we witnessed that in the month of June, the demand condi
Slide 16: Tile Volume Data (consolidated)
Tile Volume Data (consolidated) Production Growth (MSM) - Q1 FY21 16 15.64 4.85 12 8 10.79 4 1.52 0.09 1.43 0 Q1 FY20 Q1 FY21 Own Manufacturing Subsidiaries Sales Growth (MSM) – Q1 FY21 19.65 20 4.36 15 4.43 10 7.66 1.93 5 10.86 1.72 4.01 0 Q1 FY20 Q1 FY21 Own Manufacturing Subsidiaries Outsource 4/
Slide 17: Revenue Growth - consolidated
Revenue Growth - consolidated Rs. / Crores 800 699.99 8.06 41.18 600 126.47 Plywood Sanitary ware / Faucets 140.07 Outsourcing (Tiles) 400 Subsidiaries (Tiles) 277.56 2.47 Own Manufacturing (Tiles) 17.39 57.07 200 384.21 44.23 156.40 0 Q1 FY20 Q1 FY21 Refer Slide 12 for detailed Income Statement 5/1
Slide 18: Profitability - Consolidated
Profitability - Consolidated Rs. / Crores 80 70 60 51.01 50 40 30 20 10 0 Q1 FY20 Q1 FY21 -10 -20 -30 -27.10 Refer Slide 12 for detailed Income Statement 6/14 Investor Update Q1 FY21
Slide 19: EBITDA / EBITDA Margin (consolidated) – quarterly progression
EBITDA / EBITDA Margin (consolidated) – quarterly progression 22% 118 111.33 105.97 105.23 17% 93 93.37 15.14% 15.02% 14.72% 14.32% Rs./ Crores 12% 68 7% 43 18 2% Q1 FY20 Q2 FY20 Q3 FY20 Q4 FY20 Q1 FY21 -7.57 -7 -3% -2.73% EBITDA (Rs. / Crores) EBITDA Margin (%) 7/14 Investor Update Q1 FY21
Slide 20: Key Ratios (consolidated)
Key Ratios (consolidated)………… Net Debt (Rs. Crore) * Net Debt Equity (X) * 300 0.20 200 0.10 100 88 0.06 0 0.00 Mar-18 Mar-19 Mar-20 Jun-20 Mar-18 Mar-19 Mar-20 Jun-20 -0.06 -100 -107 -0.10 -0.08 -132 -200 -0.10 -182 -300 -0.20 * Net of cash and cash equivalents 8/14 Investor Update Q1 FY21
Slide 21: Key Ratios (consolidated)
Key Ratios (consolidated) Working Capital (Rs. Crore) Return on Equity (Avg.) 600 513 500 475 451 30 406 404 400 397 378 309 315 18.61 20 300 15.49 258 15.53 239 200 10 131 100 0 0 Mar-18 Mar-19 Mar-20 Jun-20 Mar-18 Mar-19 Mar-20 Jun-20 -6.37 Debtors Inventory Creditors -10 • ROE as on 31st Mar. 20
Slide 22: Subsidiaries
Subsidiaries A. JAXX VITRIFIED Jaxx Vitrified is based in Morbi (Gujarat). Kajaria has 87.37% stake in the same. Jaxx had combined annual capacity of 10.20 MSM of polished vitrified tiles. Jaxx unit II having 2.60 msm capacity was permanently shut in Q1 FY21 and being sold as operationally becoming
Slide 23: Subsidiaries
Subsidiaries D. KAJARIA TILES PRIVATE LIMITED* Kajaria Tiles (a wholly owned subsidiary) has commissioned a manufacturing facility of glazed vitrified tiles with a capacity of 5.00 MSM p.a. in Andhra Pradesh and started commercial production in September 2019. Production in Kajaria Tiles was shut in
Slide 24: Income Statement – Financial highlights
Income Statement Financial highlights (Rs / Crores) Q1 FY21 Q1 FY20 Growth FY20 FY19 Growth Standalone Consolidated Standalone Consolidated Standalone Consolidated Standalone Consolidated Standalone Consolidated Standalone Consolidated Net Sales 257.53 277.56 639.70 699.99 -60% -60% 2571.80 2808.01
Slide 25: Shareholding Pattern
Shareholding Pattern As on 30th Jun 2020 Equity Shares Outstanding – 158.96 millions Shareholding 13.25% Public / Others NRI's 0.42% Promoters 47.58% 38.75% FIs /FPIS / Mutual Funds 13/14 Investor Update Q1 FY21
Slide 26: About Us
About Us Kajaria Ceramics is the largest manufacturer of ceramic/vitrified tiles in India and the 9th largest in the world. It has present annual capacity of 70.40 mn. sq. meters presently, distributed across eight plants - one in Sikandrabad in Uttar Pradesh, one in Gailpur and one in Malootana in