Jindal Stainless Limited · NSE:JSL
Jindal Stainless — Q3 FY20 Earnings Presentation
16 slides from Jindal Stainless's earnings presentation, Feb 11, 2020
Slide 1: Exchange intimation letter for earnings presentation
February 11, 2020 BSE Limited National Stock Exchange of India Ltd. 1st Floor, New Trading Ring, Exchange Plaza, 5th Floor, Rotunda Building, P J Towers, Plot no. C/1, G Block Dalal Street, Fort, Mumbai – 400 001 Bandra-Kurla Complex, Bandra(E), # 022 - 2272 3121, 2037, 2041, Mumbai-400051 3719, 203
Slide 2: Jindal Stainless Limited Q3 & 9M FY20 Earnings Presentation
JINDAL STAINLESS LIMITED Q3 & 9M FY20 Earnings Presentation February 11, 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 FY20 Results Overview
Q3 & 9M FY20 Results Overview 3
Slide 5: Key Financials Highlights – Q3 & 9M FY20
Key Financials Highlights – Q3 & 9M FY20 Net Revenue from operations EBITDA 9,334 9,416 933 834 3,128 3,170 3,179 317 302 228 Q3 FY19 Q2 FY20 Q3 FY20 9M FY19 9M FY20 Q3 FY19 Q2 FY20 Q3 FY20 9M FY19 9M FY20 Shift (%) QoQ: 0% YoY: 2% 1% Shift (%) QoQ: (5%) YoY: 33% 12% PAT 175 107 52 52 56 Q3 FY19 Q2
Slide 6: Key Operational Update – Q3 & 9M FY20
Key Operational Update – Q3 & 9M FY20 Sales Volume (MT) 628 695 Thousands 204 233 239 Q3 FY19 Q2 FY20 Q3 FY20 9M FY19 9M FY20 Shift (%) QoQ: 3% YoY: 17% 11% Sales Composition – Q3 FY20 Sales Composition – 9M FY20 Export Export 21% 20% Domestic Domestic 79% 80% 5 Note: Standalone financials
Slide 7: Key Raw Materials – Price Trend
Key Raw Materials – Price Trend Nickel (USD/MT) 15,540 15,450 14,476 13,266 12,369 12,258 11,516 Q1FY19 Q2FY19 Q3FY19 Q4FY19 Q1FY20 Q2FY20 Q3FY20 Note: Average quarterly prices; Source: LME Fe Chrome (INR/ton) 76,708 75,617 76,583 71,400 69,304 64,258 61,800 Q1FY19 Q2FY19 Q3FY19 Q4FY19 Q1FY20 Q2FY20
Slide 8: Q3 FY20 Financial and Operational Discussions (Standalone)
Q3 FY20 Financial and Operational Discussions (Standalone) Net Revenue stood at Rs. 3,179 crore, up 2% Y-o-Y o Diversified and responsive product mix helped sales volume to grow by 17% Y-o-Y at 239 kt PAT increased by 7% Y-o-Y to Rs. 56 crore o Finance cost lower by 5% Y-o-Y on account of consis
Slide 9: 9M FY20 Financial and Operational Discussions (Standalone)
9M FY20 Financial and Operational Discussions (Standalone) Revenue at Rs. 9,416 crore, up 1% Y-o-Y o Sales volume improved by 11% offsetting 9% fall in realizations PAT higher at Rs. 175 crore o Finance cost fell 6% on Y-o-Y to Rs. 424 crore. In 9M FY20, the Company repaid Rs. 435 crore of long-
Slide 10: Management Comment
Management Comment “As a result of robust product-mix and diversification into special grades, JSL has been able to deliver a steady Commenting on performance despite challenging macro-economic the performance, environment. Demand from certain segments like Mr. Abhyuday automobiles remained muted in
Slide 11: Abridged P&L Statement (Standalone)
Abridged P&L Statement (Standalone) YoY YoY Particular (Rs. crore) Q3 FY20 Q3 FY19 9M FY20 9M FY19 Change (%) Change (%) Net Revenue from operations 3,179 3,128 2% 9,416 9,334 1% Total Expenditure 2,877 2,900 (1%) 8,483 8,500 (0%) EBITDA 302 228 33% 933 834 12% EBITDA / ton 12,640 11,149 13% 13,435
Slide 12: Abridged P&L Statement (Consolidated)
Abridged P&L Statement (Consolidated) YoY YoY Particular (Rs. crore) Q3 FY20 Q3 FY19 9M FY20 9M FY19 Change (%) Change (%) Net Revenue from operations 3,302 3,307 (0%) 9,857 9,970 (1%) Total Expenditure 3,003 3,084 (3%) 8,939 9,109 (2%) EBITDA 300 223 34% 918 861 7% EBITDA / ton 12,522 10,932 15% 13
Slide 13: Comfortable Debt Position
Comfortable Debt Position Borrowings (Standalone) As on As on As on (Rs. crore) Dec.2019 Mar.2019 Mar.2018 Long term debt 1,629 2,050 2,457 Inter corporate loan from related party 900 900 900 OCRPS* 761 695 607 Net Debt/EBITDA Total Long term debt 3,290 3,645 3,963 3.7 3.6 Short term borrowing 378 4
Slide 14: Key Financial Ratios (Standalone)
Key Financial Ratios (Standalone) 9M FY20 FY19 FY18 EBITDA margin (%) 9.9% 9.0% 11.9% PAT Margin (%) 1.9% 1.1% 3.0% Net Debt to Equity 1.3 1.7 2.0 Net Debt to EBITDA 2.9 3.6 3.7 Return on Equity (%) 8.1% 5.8% 15.5% Return on Capital employed (%) 12.5% 12.0% 15.6% Note: 1) 9M FY20 figures, except EBI
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