Balkrishna Industries Limited · NSE:BALKRISIND
Balkrishna Industries — H1FY17 Earnings Presentation
17 slides from Balkrishna Industries's earnings presentation, November 2016
Slide 1: Result Update Presentation November 2016
Result Update Presentation November 2016
Slide 2: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Balkrishna Industries Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any
Slide 3: Our Performance
BK /T, GROWING TOGETHER Our Performance
Slide 4: Our Focus Areas
Our Focus Areas Increase Production from Bhuj and other plants so as to attain higher Penetrate deeper within existing Utilization levels and faster return Sales Channels as well increase on Investments footprint across Geographies in all product categories and gain Utilization market share Penetrat
Slide 5: Our Performance
Our Performance H1FY17 Volume growth at Volume Growth* 16% YoY to 85,855 MT 01 EBITDA margin for H1FY17 was 31.7% while for Q2FY17 Margin Profile was 32.5% 02 H1FY17 PAT at Rs. 392Cr while for Q2FY17 PAT was Profitability Rs. 243Cr 03 Repaid Rs. 223 Cr of Long Term Debt. Outstanding Debt now at Bala
Slide 6: Financial Highlights – H1FY17 (as per IND-AS)
Financial Highlights – H1FY17 (as per IND-AS) Particulars in Rs.Crs Q2 FY17 Q2 FY16 YoY % H1FY17 H1FY16 YoY % Sales (MT)* 42,550 35,056 21% 85,855 74,087 16% Net Sales 926 813 1851 1677 Other Operating Income 20 9 38 13 Total Sales Revenue 947 822 15% 1889 1691 12% Raw Material 382 303 755 709 (Incr
Slide 7: Reconciliation as per Indian GAAP
Reconciliation as per Indian GAAP Particulars in Rs.Crs Q2FY16 H1FY16 Net Profit for the period as per Indian GAAP 125 277 Accounting for Derivatives and foreign exchange differences -32 -71 Fair value measurement of Investments 9 -28 Other adjustments 13 13 Deferred tax on Ind -AS adjustments -9 17
Slide 8: Net Forex Gain/(Loss) Explanation
Net Forex Gain/(Loss) Explanation Particulars in Rs.Crs Q2FY17 Q1FY17 Q2FY16 H1FY17 H1FY16 Foreign Exchange Fluctuation on Sales 19 32 -71 51 53 Foreign Exchange Fluctuation on Others 4 2 -3 6 -1 Total Realised Gain/(Loss) – A 23 34 -74 57 52 Foreign Exchange Fluctuation on Non 7 -17 67 -10 38 Deriv
Slide 9: Balance Sheet as per IND-AS
Balance Sheet as per IND-AS Rs.Crs. Sep-16 Rs.Crs. Sep-16 Shareholder’s Fund 3,190 Non-Current Assets 3,974 Share Capital 19 Fixed assets 3,048 Reserves & Surplus 3,171 Non-Current Investments 839 Non-Current Liabilities 516 Other Non-Current Investments 87 Long term Borrowings 224 Current Assets 1,
Slide 10: Cash Holdings
Long Term Debt Profile 1,724 In Rs. Cr Long Term Debt 40 13 3 -340 -369 833 -238 Mar-15 Q1FY16 Q2FY16 Q3FY16 Q4FY16 Q1FY17 Q2FY17 Current Long Term Debt 175 149 1,013 -47 Cash Holdings 875 -71 112 -180 Mar-15 Q1FY16 Q2FY16 Q3FY16 Q4FY16 Q1FY17 Q2FY17 Current Cash Holdings In August 2016 repaid Rs.22
Slide 11: Sales Profile
Sales Profile In MT FY17 Volume Guidance at 160,000MT – 170,000 MT 154,156 148,244 142,810 85,855 FY14 FY15 FY16 H1FY17* * AS per IND-AS 11
Slide 12: Segmental Profile
Segmental Profile Segmental Sales – H1FY17* Agriculture Others Tractors, Trailers, Farm equipments 4% OTR Industrial, Construction & Earth Moving OTR equipments 33% Others All Terrain Vehicles, Lawn & Garden 63% Agriculture vehicles * AS per IND-AS 12
Slide 13: Sales Channel Profile
Sales Channel Profile Distributors Sales Channel – H1FY17* Caters to replacement market Others Strong global network through a well diversified 3% distributor network OEM 24% OEM’s Penetrating deeper in increasing share of business with existing OEM’s Forging new relationships to expand OEM
Slide 14: BKT - A Strong Indian Brand
IT, GROWING TOGETHER BKT - A Strong Indian Brand 14
Slide 15: Agriculture Tires
Applications of our Tires Agriculture Tires Cotton Pick Harvester Tractor Vineyard Harvester Pivot Irrigator Industrial Tires Loader Regular Dumper Trailer OTR Tires Load Haul Dump Underground Mining Container Handler 15
Slide 16: BKT Tires and Monster Jam
BKT Tires and Monster Jam Please Click Here for the Video 16
Slide 17: For further information, please contact:
For further information, please contact: Company : Investor Relations Advisors : Balkrishna Industries Ltd. Strategic Growth Advisors Pvt. Ltd. CIN - L99999MH1961PLC012185 CIN - U74140MH2010PTC204285 Mr. B K Bansal, Director - Finance Mr. Shogun Jain / Ms. Payal Dave bkbansal@bkt-tires.com shogun.ja