Kajaria Ceramics Limited · NSE:KAJARIACER
Kajaria Ceramics — Investor Presentation (February 2016)
29 slides from Kajaria Ceramics's investor presentation, February 2016
Slide 1: Corporate Presentation
Corporate Presentation February 2016
Slide 2: Agenda
Agenda Global Tile Industry Indian Tile Industry Kajaria Ceramics – overview Financials Shareholding Pattern 2
Slide 3: The production of top 10 countries
The production of top 10 countries… (Million Sq Mtr) CY10 CY11 CY12 CY13 CY14 CHINA 4200 4800 5200 5700 6000 48% BRAZIL 754 844 866 871 903 INDIA 550 617 691 750 825 7% SPAIN 366 392 404 420 425 INDONESIA 287 320 360 390 420 IRAN 400 475 500 500 410 ITALY 387 400 367 363 382 VIETNAM 375 380 290 300
Slide 4: World production scenario
World production scenario • In 2014 world tile production reached 12.41 billion sq. mtr. - up 3.6% over 2013. • Asia produced 8747 million sq. mtr. – up 4.8% over 2013. Source: Ceramic World Review 4
Slide 5: The consumption of top 10 countries
The consumption of top 10 countries… (Million Sq Mtr) CY10 CY11 CY12 CY13 CY14 CHINA 3500 4000 4250 4556 4894 40% BRAZIL 700 775 803 837 853 INDIA 557 625 681 718 756 6% INDONESIA 277 312 340 360 407 VIETNAM 330 360 254 251 310 IRAN 335 395 375 350 280 SAUDI ARABIA 182 203 230 235 244 USA 186 194 20
Slide 6: Global consumption Scenario (CY14)
Global consumption Scenario (CY14) • The break down in consumption by geographical area is very similar to that of production. • In Asia, the consumption maintained at 67.5% in CY14. Source: Ceramic World Review 6
Slide 7: Global Scenario: Per capita consumption of tile
Global Scenario … Per capita consumption of tile (Sq Mtr) Source: Ceramic World Review 7
Slide 8: Indian Tile Industry
Indian Tile Industry • Indian tile industry is estimated to be 756 million sq. mtr. as of March 2015 • Industry size is estimated to be Rs. 24000 crore as of March 2015. • National Brands contribute to around 50% of industry. • The industry has been growing at a CAGR of 12 - 13% per annum in the las
Slide 9: Indian Industry – Major Players
Indian Industry – Major Players National Brands control around 50% of the Industry Turnover as on 31.03.2015 (Rs/Cr) Kajaria Ceramics 2404 Prism Cement (TBK Division) 2386 Somany Ceramics 1613 Asian Granito 926 Nitco Tiles 914 RAK Ceramics * 800 Orient Bell Ceramics 750 Simpolo * 650 Varmora * 650 S
Slide 10: Balance of the industry represented by regional brands
Balance of the industry is represented by other regional brands/unbranded players present in Morbi/ Himmatnagar (Gujarat). 10
Slide 11: Indian Industry – Segmentation
Indian Industry – Segmentation How Kajaria is Catering to all the segment of the 756 MSM tile Industry (Rs. 24000 Crore) 40 MSM 5 226 MSM MSM 45 MSM Manufactured at Gailpur and Manufactured at Gailpur, Malutana and Morbi Sikandrabad.Total capacity 9.30 MSM Polished (Jaxx, cosa and Taurus). Total cap
Slide 12: Manufacturing – Own Plants
Manufacturing – Own Plants • Kajaria started production in August 1988 at Sikandrabad (UP) with 1 million sq. mtr. per annum. • Current Capacity of Sikandrabad plant is 9.80 million sq. mtr. of ceramic floor tiles and glazed vitrified tiles. 12
Slide 13: Manufacturing – Own Plants
Manufacturing – Own Plants Commissioned 2nd Plant in March 1998 at Gailpur (Rajasthan) with a capacity of 6 million sq mtr p.a. and further increased the capacity in phased manner. The present capacity of Gailpur plant is 24.50 millions sq. mtr. per annum of ceramic wall tiles and vitrified tiles. 1
Slide 14: Manufacturing – Own Plants
Manufacturing – Own Plants Commissioned 3rd Plant in January 2016 at Malutana (Rajasthan) with a capacity of 6.50 million sq mtr p.a. of polished vitrified tiles. 14
Slide 15: Manufacturing – Through Joint Ventures
Manufacturing – Through Joint Ventures 1. SORISO CERAMICS Acquired 51% stake in Soriso Ceramic Pvt Ltd. based in Morbi, Gujarat in February 2011 with an annual capacity of 2.30 MSM of ceramic floor tiles. Further expanded the capacity to 4.60 MSM in March 2012. 2. JAXX VITRIFIED Acquired 51% stake (
Slide 16: The total present tile capacity is 68.60 msm per annum
The total present tile capacity is 68.60 msm per annum 16
Slide 17: Geographical Spread of the Tile Production Capacity
Geographical Spread of the Tile Production Capacity 9.80 MSM 24.50 MSM (Sikandrabad, U P) (Gailpur, Rajasthan) 6.50 MSM (Malutana, Rajasthan) 4.60 MSM (JV with Soriso, Morbi Gujarat) 5.70 MSM (JV with Cosa, Morbi, Gujarat) 10.20 MSM (JV with Jaxx, Morbi, Gujarat) 5.00 MSM (JV with Taurus, Morbi, Guj
Slide 18: Ongoing Expansions / Acquisitions
Ongoing Expansions /Acquisitions New Acquisition (AP) The Company has acquired 51% stake in Floera Ceramics Pvt. Ltd, which is putting up a manufacturing facility of polished vitrified tiles with a capacity of 5.70 MSM p.a. in Andhra Pradesh. The land has already been acquired. We hope the plant to
Slide 19: Diversification
Diversification KAJARIA BATHWARE (P) LIMITED a) Sanitaryware: Kajaria Sanitaryware (P) Ltd., in which KBL holds 82% shares, has started the production of sanitaryware in 2014-15. However, the production will achieve optimum level during this year. b) Faucet: The 1.00 million pieces faucet facility a
Slide 20: Distribution Network of 1100 dealers
Distribution Network of strong and loyal 1100 dealers all over the country, which include outlets like The above dealers cater to around 4000 associate dealers across the country 20
Slide 21: 25 Corporate Offices / Display Centers across the country
25 Corporate Offices / Display Centers across the Ludhiana Chandigarh Dehradun country New Delhi Jaipur Lucknow Varanasi Ahmedabad Indore Kolkata Nagpur Raipur Mumbai Aurangabad Pune Hyderabad Bengaluru Chennai Coimbatore Cochin Customers / Architects come to select the tiles, then buy from their ne
Slide 22: Taking part in exhibitions across the country
TAKING PART IN EXHIBITIONS ACROSS THE COUNTRY 22
Slide 23: Superbrand conferred for eighth consecutive time
Only Ceramic Tile Company in India conferred with “Superbrand” for Eighth consecutive time. Superbrand is a concept that originated in the UK in 1993 and currently operating in 86 countires 23
Slide 24: Net Sales, PAT and Margins FY11–FY15
PAT (Rs. Crore) Net Sales (Rs. Crore) 200 2500 176 2175 180 160 2000 1829 140 124 1582 120 105 1500 1312 100 81 952 1000 80 61 60 500 40 20 0 0 FY-11 FY-12 FY-13 FY-14 FY-15 FY-11 FY-12 FY-13 FY-14 FY-15 EBDITA MARGIN (%) PAT MARGIN (%) 18.00 10.00 17.00 16.62 8.07 8.00 15.83 6.61 6.79 16.00 15.64 1
Slide 25: Debt Equity, Debt, Working Capital Cycle, ROE
Debt Equity (X) Debt (Rs. / Crore) Standalone Consolidated 350 1.00 Standalone Consolidated 320 300 319 0.82 0.75 250 236 243 0.61 200 216 0.50 0.41 150 100 0.33 0.25 0.30 89 81 50 66 0.17 0.11 0.07 0.00 0 Mar-13 Mar-14 Mar-15 Dec-15 Mar-13 Mar-14 Mar-15 Dec-15 Working Capital Cycle (days) Return on
Slide 26: Income Statement
Income Statement Financial highlights (Rs in Crore) Q3 FY16 Q3 FY15 Growth 9M FY16 9M FY15 Growth Standalone Consolidated Standalone Consolidated Standalone Consolidated Standalone Consolidated Standalone Consolidated Standalone Consolidated Gross Sales 641.81 668.42 601.26 612.56 7% 9% 1893.82 1955
Slide 27: Shareholding Pattern
Shareholding Pattern As on 31st Dec. 2015 Equity Shares Outstanding – 79.47 millions Public / Others 21.30% NRI's 0.74% Promoters 47.18% FIs / FIIs / Mutual Funds 30.78% 27
Slide 28: Forward looking and cautionary statement
Forward looking and cautionary statement Certain statements in this report concerning our future growth prospects are forward looking statements, which involve a number of risks, and uncertainties that could cause actual results to differ materially from those in such forward looking statements. The
Slide 29: Thank You!
Thank You! Kajaria
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