Kaveri Seed Co. Ltd. · NSE:KSCL
Kaveri Seed — Q4 FY2019 Earnings Presentation
20 slides from Kaveri Seed's earnings presentation, May 27, 2019
Slide 1: Exchange filing cover letter
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Slide 2: Results Presentation – Q4 & FY19
Kaveri Seed Company Limited Results Presentation – Q4 & FY19
Slide 3: Safe Harbour
2 Safe Harbour Certain statements in this document may be forward-looking statements. Such forward-looking statements are subject to certain risks and uncertainties like government actions, local political or economic developments, technological risks, and many other factors that could cause our act
Slide 4: Industry Backdrop & Outlook
INDUSTRY BACKDROP & OUTLOOK
Slide 5: Industry Backdrop
4 Industry Backdrop o Overall rainfall was delayed & deficient with wide o Bajra areas severely impacted due to late and variation resulted in lower sowing area in most crops deficient rains during FY19 o Hot pepper sowing improved considerably over o This affected market sentiments and lead to redu
Slide 6: Industry Backdrop – All India Rainfall
5 Industry Backdrop – All India Rainfall Source: IMD
Slide 7: Industry Backdrop - Cotton
6 Industry Backdrop - Cotton Area coverage during Kharif 2018 as on Sep 29, 2018 Area in lakh hectare YoY Abs State 2018-19 2017-18 Change o Fear of Pink Bollworm as well as delayed rainfall in some markets Andhra Pradesh 5.51 5.95 -0.44 have impacted sales Telangana 17.94 18.66 -0.72 o Sowing happe
Slide 8: Industry Backdrop - Maize
7 Industry Backdrop - Maize Area coverage during Rabi 2018-19 as on Feb 15, 2019 Area in lakh hectare YoY Abs State 2018-19 2017-18 Change Karnataka 1.30 0.99 0.31 Maharashtra 2.67 2.08 0.59 Uttar Pradesh 0.59 0.16 0.43 Telangana 1.69 1.40 0.29 Bihar 4.44 4.70 -0.26 o On the back of fear of Fall Arm
Slide 9: Industry Backdrop – Commodity Prices Cotton
8 Industry Backdrop – Commodity Prices Cotton % Change(Over Prices April, % Change(Over Previous State Prices May, 2019 Prices May, 2018 Previous Year) 2019 Month) Andhra Pradesh 5877 __ 5789 1.53 Gujarat 5790 4624 25.23 5901 -1.87 Haryana 6264 5051 24.00 6081 3.01 Karnataka 6132 4414 38.93 5762 6.4
Slide 10: Industry Backdrop – Commodity Prices Maize
9 Industry Backdrop – Commodity Prices Maize Prices May, % Change(Over % Change(Over State Prices May, 2018 Prices April, 2019 2019 Previous Year) Previous Month) Andhra Pradesh 1937 __ 1879 3.09 Assam 1357 1280 6.08 1583 -14.27 Chattisgarh 1806 1199 50.69 1829 -1.26 Gujarat 1962 1320 48.64 2120 -7.
Slide 11: FY19 Business Highlights
FY19 Business Highlights 10 o Launched corn cob drying facility at Molangur - Karimnagar in Telangana – The plant is Asia’s largest and the first of its kind cob dryer – The capacity of the cob drying facility is 1,456 Mt per cycle which is distributed across 36 Bins – Helps increase germination and
Slide 12: FY19 Crop wise detail
11 FY19 Crop wise detail o Cotton: Kaveri volumes decreased by Cotton seed revenue & volumes o Hybrid Rice volumes increased about 11% in FY19 by 38% in FY19 6.96 6.21 – Gained cotton seed market share in – Introduction of new hybrid 5.44 Gujarat, Maharashtra & Northern 468 helped > 200% growth Mark
Slide 13: Outlook
12 Outlook o High commodity prices across the board translating to increasing acreages o Subject to a normal monsoon, Kaveri optimistic of delivering good growth across all crops o Cotton – New launches in cotton in expected to result in improved marketshares in North India – Acreages expanding, pri
Slide 14: Q4 and FY19 Performance
Q4 AND FY19 PERFORMANCE
Slide 15: Q4 & FY19 Performance Review
14 Q4 & FY19 Performance Review Standalone Consolidated Growth Growth Growth Rs. lakhs Q4FY19 Q4FY18 FY19 FY18 FY19 FY18 (%) (%) (%) Net Sales 4,472.18 4,160.46 7.49 76,898.90 77,240.30 (0.44) 80,941.81 81,937.48 (1.22) Cost of Production 2,412.24 2,613.84 (7.71) 41,152.19 39,774.99 3.46 42,400.84 4
Slide 16: Balance Sheet Summary
15 Balance Sheet Summary Standalone Consolidated As on March As on March As on March As on March Rs. lakhs 31, 2019 31, 2018 31, 2019 31, 2018 Shareholders Fund 101,295.95 102,123.13 100,625.15 101,183.12 Long-term Debt 187.06 187.82 678.06 287.82 Fixed Asset Turnover (times) 3.20 3.53 3.20 3.55 Cur
Slide 17: Cash investments as on 31 March 2019
16 Cash investments as on 31 March 2019 Rs.in Lakhs All figures based on cost Fund House Liquid Liquid Plus FMP Medium Term Short Term Total ASK 2,991 2,991 BIRLA 10 2,100 880 1,220 4,210 FRANKLIN 500 500 HDFC 4,905 1,100 3,800 9,805 ICICI 2,212 500 2,991 450 3,703 9,857 IDFC 59 1,100 316 1,475 KOTA
Slide 18: The Kaveri Moat: Seeding Profitable Growth
17 The Kaveri Moat: Seeding Profitable Growth Strong P&L record, Cash Leadership in key crops: rich, consistent dividend Top 5 Rank paying Benchmark R&D: Diverse Product portfolio Comprehensive germplasm addressing crop rotation & repository shift Market adjacent, Pan- India Operations with comprehe
Slide 19: Investor Contacts
18 Investor Contacts For further information, please contact: Tel: +91 40 4919 2345 C. Mithun Chand Fax: +91 40 2781 1237 Executive Director, Kaveri Seeds # 513 B, 5th Floor, Minerva Complex, S.D.Road, Secunderabad -500 003 www.kaveriseeds.in Gavin Desa +91 22 6645 1237 CDR India gavin@cdr-india Ris
Slide 20: Thank You
THANK YOU
Kaveri Seed Company — Q4 FY2019 Earnings Presentation on 6ix