Ifb Industries Ltd · NSE:IFBIND
Ifb Industries — Q1 FY2023 Earnings Presentation
37 slides from Ifb Industries's earnings presentation, Aug 5, 2022
Slide 1: Cover letter to stock exchanges
i 11~11 lli'JI Industries Limited Corporate Office • Plot No.-lND-5, Sector-1 East Kolkata Township, Kolkata - 700 107 Telephone: (91) (33) 39849475/9524 5th August, 2022 Fax :(91)(33)39849676 Web : www.ifbindustries.com The Manager Department of Corporate Services Bombay Stock Exchange Ltd, Phiroze
Slide 2: Financial Report Quarter Ended 30th June, 2022
Jli1JI IFB Industries limited Financial Report Quarter Ended 30th June, 2022 ••
Slide 3: Trend for the Quarter
Financial Report-Quarter Ended 30th June, 2022 Q1 Trend for the Quarter Total Revenue(~ in Crore) Operating Profit (~ in Crore) 40 •• 35 .31 30 25 20 049 ----------'k--------------'-----+- 15 10 5 0 595 560 -,' -5 I r . I . ~ ~o-15 FY FY 283 FY FY FY --------------- FYFY E FY il~-------~:~ FY FY '18
Slide 4: Q1 key parameters
Financial Report-Quarter Ended 30th June, 2022 Parameters Ql (fin Crore) 1 I Total Revenue Revenue from Operations EBDITA fl,049.27 fl,044.77 f38.44 +87.5% +88.0% +253.5% ~==:"":::-:= ::c!!!!:: = :--: ===; EBDITA Margin% Net Profit Margin EPS 3.66 0.19% W.49 +892 bps +775 bps +104.7% ~~~~ =- -~ ~ ,
Slide 5: Financial Review Q1
Financial Report-Quarter Ended 30th June, 2022 Financial Review Ql 1 (tin Crore) Particulars Ql (FY '22-'23) Ql (FY '21-'22) Revenue from Operations 1054.69 559.53 EBITDA 38.40 -29.41 EBITDA % on Revenue 3.64 -5.26 EBT 3.04 -62.75 EBT % on Revenue 0.29 -11.21 ROCEO/o 4.42 -22.91 Growth in revenue in
Slide 6: Balance Sheet
Financial Report-Quarter Ended 30th June, 2022 Balance Sheet 1 Total borrowing was INR 214.90 crore as on Quarter end date including term loan amount of INR 149.49 crore. Break-up of borrowing is as follows: 80IT0Wing (~ in Crore) LoanTme Value Banker Pumose Tenure ECB 87.14 Standard Chartered AC Pr
Slide 7: Debt repayment and cash balances
Financial Report-Quarter Ended 30th June, 2022 In addition to the normal principal payment, our target is to pay off the entire debt of INR 28 crore (which pertains 1 to our Fine Blanking Division) by 31 December, 2022. Against the aforesaid borrowing, as on 30 June, 2022, our Cash and Bank Balances
Slide 8: Market Conditions
Ananclal Report-Quarter Ended 30th June, 2022 Q1 Market Conditions Home Appliances Division • Market demand was robust in the 01 period. The cooling product demand was strong and the demand was also helped by the latent demand from the last two seasons which were affected by COVID-19. The overall de
Slide 9: Business Update
Financial Report-Quarter Ended 30th June, 2022 Q1 Business Update Home Appliances Division In Ql, the product range in the market was expanded by the Company. In the Washer category, the Company ensured complete market coverage with its Front and Top Load models with the unique Steam feature-driving
Slide 10: Market Conditions Engineering Division
Financial Report-Quarter Ended 30th June, 2022 Market Conditions 1 Engineering Division Business environment in Ql FY '22-'23 improved marginally due to decrease in commodity prices and thereby decrease in vehicle price leading to early signs of recovery. The demand trend in the 2nd Quarter FY '22-'
Slide 11: Business Updates Engineering Division
Financial Report-Quarter Ended 30th June, 2022 Business Updates 1 Engineering Division: In Ql, the Automotive Market had improved Sales as compared to previous Quarter • The semi conductor shortage situation has improved as compared to earlier months. • The commodity prices increased in April '22, b
Slide 12: Range of Products (Home Appliances Division)
Financial Report-Quarter Ended 30th June, 2022 RANGE OF PRODUCTS (Home Appliances Division) 1 The Division's range of products covers both domestic and industrial application categories. The updates at the end of the 1 st Quarter for each of the product categories are given below: • Front Load Washi
Slide 13: Top Load Washing Machine, Dryers, Refresher
Financial Report-Quarter Ended 30th June, 2022 • Top Load Washing Machine 1 Our models with in-built heaters and Steam enabled washing programs have been well received. There is an increasing demand for models of higher capacities, which has been a consistent trend in the last two years. The key foc
Slide 14: Industrial Segment-Laundry & Dishwashing Equipment
Financial Report-Quarter Ended 30th June, 2022 • Industrial Segment-Laundry & Dishwashing Equipment 1 IFB has the most comprehensive solution for all aspects of a commercial laundry setup. Our teams understand customer requirements in terms of layout preparations, installations and post warranty AMC
Slide 15: Microwave Ovens, Built-in Ovens, Chimneys and Hobs
Financial Report-Quarter Ended 30th June, 2022 • Microwave Ovens 1 IFB continues to be among the top three dominant players in this category. The key delivery targets ahead in this fiscal year are to complete the new model introductions, including models with new technology to improve the cooking pr
Slide 16: Air Conditioners
Financial Report-Quarter Ended 30th June, 2022 Q1 • Air Conditioners The new energy regulations are effective from 1st July '22. There would be a complete change in the product range from July '22 onwards. This includes products at new capacity points like 1.5 T 4-star, 1.6 T 3-star ACs etc. In firs
Slide 17: Financial Summary of Home Appliances Division
Financial Report-Quarter Ended 30th June, 2022 Financial Summary of Home Appliances Division (including Bommassandra, Motors & Inter unit) (t in Crore) 1 Particulars Ql (FY '22-'23) Ql (FY '21-'22} Revenue from Operations 857.60 433.62 EBITDA 28.17 -31.94 EBITDA % on Revenue 3.28 -7.37 EBT 1.56 -56.
Slide 18: Quarter product-wise spread in Home Appliances
Financial Report-Quarter Ended 30th June, 2022 Our task is to significantly grow FL, TL and AC sales and for MWOs QTR Product-wise spread 1 to keep momentum in volumes. in Home Appliances Division In Kitchen Appliances, our target is to have INR 5 crore sales 13.1%--~ ■ AC per month and we are drivi
Slide 19: Financial Summary of Fine Blanking Division
Financial Report-Quarter Ended 30th June, 2022 Financial Summary of Fine Blanking Division 1 (tin Crore) Particulars 01 (FY '22-'23) 01 (FY '21-'22) Revenue from Operations 126.00 88.09 EBITDA 16.12 8.69 EBITDA % on Revenue 12.79 9.86 EBT 7.01 0.11 EBT % on Revenue 5.56 0.12 • For Ql in '22-'23, the
Slide 20: Financial Summary of Stamping Division
Financial Report-Quarter Ended 30th June, 2022 Financial Summary of Stamping Division 1 (~ in Crore) Particulars Ql (FY '22-'23) Ql (FY '21-'22) Revenue from Operations 16.23 10.22 EBITDA 2.19 0.56 EBITDA % on Revenue 13.49 5.48 EBT -0.17 -1.25 EBT % on Revenue -1.05 -12.23 • For 01 2022-23, the Sta
Slide 21: Financial Summary of After Market Division
Financial Report-Quarter Ended 30th June, 2022 Financial Summary of After Market Division 1 (tin Crore) Particulars Ql (FY '22-'23) Ql (FY '21-'22) Revenue from Operations 16.23 7.81 EBITDA -1.99 -0.71 EBITDA % on Revenue -12.26 -9.09 EBT -2.08 -0.79 EBT % on Revenue -12.82 -10.12 • During this Quar
Slide 22: Financial Summary of Engineering Division
Financial Report-Quarter Ended 30th June, 2022 Financial Summary of Engineering Division 1 (~ in Crore) Particulars Ql (FY '22-'23) Ql (FY '21-'22) Revenue from Operations 150.96 102.30 EBITDA 16.40 8.57 EBITDA % on Revenue 10.86 8.38 EBT 4.80 - 1 .91 EBT % on Revenue 3.18 - 1 .87 ROCE% 8.97 1.14 •
Slide 23: Motor Division
Financial Report-Quarter Ended 30th June, 2022 Motor Division 1 Appliance Motor Sales are not reported separately as they are internal to the Home Appliance Division. Once a new BLDC motor line comes up we will be selling to others including the competition. During the Quarter the Appliance Motor Di
Slide 24: Financial Summary of Automotive Motor Division
Financial Report-Quarter Ended 30th June, 2022 Financial Summary of Automotive Motor Division 1 (tin Crore) Particulars Ql (FY '~2_:-'23) Ql (FY '21-'22) Revenue from Operations 18.76 9.95 EBITDA 1.32 -1.13 EBITDA % on Revenue 7.04 -11.36 EBT 0.96 -1.62 EBT % on Revenue 5.12 -16.28 • During Ql of FY
Slide 25: Financial Summary of Steel Division
Financial Report-Quarter Ended 30th June, 2022 Financial Summary of Steel Division 1 (~ in Crore) Particulars Ql (FY '22-'23) Ql (FY '21-'22) Revenue from Operations 35.45 20.04 EBITDA 0.54 0.65 EBITDA % on Revenue 1.52 3.24 EBT 0.06 0.16 EBT % on Revenue 0.17 0.80 • During O'l, revenue was INR 35.4
Slide 26: Subsidiaries
Financial Report-Quarter Ended 30th June, 2022 Subsidiaries 1 IFB Industries Limited, the Holding Company, has one wholly owned subsidiary-Global Automotive and Appliances Pte Ltd (GAAL), and one step-down subsidiary, Thai Automotive and Appliances Limited (TAAL). Global Automotive & Appliances Pte
Slide 27: Thai Automotive & Appliances Limited (TAAL)
Financial Report-Quarter Ended 30th June, 2022 Q1 Thai Automotive & Appliances Limited (TAAL) (~ in Crore) Particulars Ql (FY '22-'23) Ql (FY '21-'22) Revenue from Operations 9.74 10.99 EBITDA 0.20 0.69 EBITDA % on Revenue 2.05 6.28 EBT -0.40 0.10 EBT % on Revenue -4.11 0.91 , TAAL is engaged in man
Slide 28: TAAL budget and new initiatives
Financial Report-a..- Ended 30th June, 2022 Q1 • Against the turnover of 183 million THB in the FY 2021-22, TAAL has budgeted revenue of 239 million THB in the FY '22-'23 which resulted into growth of 33% over the last year. • New Initiative Planned in FY '22-'23: 1) TAAL is engaged in developing 20
Slide 29: Standalone Income Statement
Financial Report-Quarter Ended 30th June, 2022 1 STANDALONE INCOME STATEMENT QTR (~ in Crore) 30 Jun, '22 30 Jun, '21 Total Sale of Products 1,267.85 655.66 Less: Trade Scheme and Discounts I 271.38 134.54 Net Sales I 996.47 521.12 - Sale of Services I 24.28 20.54 I - Other Operating Revenues 24.02
Slide 30: Standalone Balance Sheet
Financial Report-Quarter Ended 30th June, 2022 1 STANDALONE BALANCE SHEET (~ in Crore) 30 Jun ·22 31 Mar, '22 ASSETS Property, Plant and Equipment* I 669.80 685.54 Investment in Subsidiaries I 21.60 21.60 Investment in Equity Shares I 2.25 2.25 Inventories I 612.78 : 571.65 Investment in Mutual Fund
Slide 31: Standalone Key Ratios
Financial Report-Quarter Ended 30th June, 2022 1 STANDALONE KEY RATIOS QTR 30 Jun, '22 30 Jun '21 Earnings Per Share (In t) (Not Annualised) I 0.49 (10.44) Book Value per Share (In t) I 157.64 157.33 Current Ratio (#) I 1.16 1.17 Quick Ratio (#) I 0.63 0.63 EBDITA/Total Income (%) i 3.7 (5.3) Net Pr
Slide 32: Standalone Cash Flow Statement
Rnanclal Report-Quarter Ended 30tn )lBle. 2022 Q1 STANDALONE CASH FLOW STATEMENT QTR (t in Crore) 30 Jun, '22 31 Mar, '22 CASH FLOWS FROM OPERATING ACTIVITIES Profit Before Tax 3.09 (76.72) Non-Cash and Other Adjustments 26.91 128.41 Operating Profit/(Loss) Before Working Capital Changes 30.00 51.69
Slide 33: Consolidated Highlights
Financial Report-Quarter Ended 30th June, 2022 1 CONSOLIDATED HIGHLIGHTS (tin Crore) Ql ('22-'23) Ql ('21-'22) Total Income 1,071.73 575.79 Earning Before Depreciation, Interest and Tax 39.06 (27.81) Earning Before Interest and Tax 10.44 (54.17) Profit Before Tax 3.13 (61.73) Profit After Tax 1.90 (
Slide 34: Consolidated Income Statement
Financial Report-Quarter Ended 30th June, 2022 1 CONSOLIDATED INCOME STATEMENT QTR (t in Crore) 30 Jun, '22 30 Jun, '21 Revenue from Operations L 1,067.40 572.04 Total Income I 1,071.73 I I 575.79 i EBDITA I 39.06 I (27.81) EBDITA Margin (%) I 3.64 I (4.83) EBIT t 10.44 I (54.17) EBIT Margin (%) I 1
Slide 35: Consolidated Balance Sheet
Financial Report-Quarter Ended 30th June, 2022 1 CONSOLIDATED BALANCE SHEET (~ in Crore) 30 Jun, '22 31 Mar, '22 ASSETS Property, Plant and Equipment* 696.71 712.76 Investment in Equity Shares 2.25 2.25 Inventories 618.39 576.82 Investment in Mutual Funds 228.79 227.22 Trade Receivables 340.10 310.3
Slide 36: Thank You / Disclaimer
Financial Report-Quarter Ended 30th June, 2022 Thank You 1 Disclaimer This presentation contains statements which reflect the Management's current views and estimates and may be construed as forward-looking in nature. The future involves certain risks and uncertainties that may cause actual results
Slide 37: Contact
OVER 6 MILLION SATISFIED CUSTOMERS Microwave Oven Built in Oven Dishwasher Chimney I Built in Hob Top Load Front Load 100% Clothes Dryer Air Conditioner Contact Prabir Chatterjee Director and Chief Financial Officer Phone +91 33 39849475/9524 Mobile +91 9331648802/9674686372 Fax +91 33 39849676 Emai