Kiri Industries Limited · NSE:KIRIINDUS
Kiri Industries — H1 FY2021 Earnings Presentation
23 slides from Kiri Industries's earnings presentation, Nov 11, 2020
Slide 1: Kiri Industries Limited
CD Kiri Industries Limited ~-(i:ft~ ~.. ... November 11, 2020 To, To, BSE Limited National Stock Exchange of Indi a Limited 1st Floor, Rotunda Building, Exchange Plaza, Bandra Kurla Complex, B.S. Marg, Fort, Mumbai - 400001 Bandra (E), Mumbai - 400051 Scrip Code: 532967 Scrip ID - KIRIINDUS Dear Sir
Slide 2: H1 / Q2-FY21 Earnings Presentation
H1/ Q2-FY21|EARNINGS PRESENTATION November 2020
Slide 3: Company Overview
Company Overview Consolidated Revenue Break-up (INR Mn) 6,625 3,681 4,629 6,499 4,879 7,461 7,378 6,489 7,340 6,607 1,357 1,492 • Established in 1998, Kiri Industries Limited (KIL), is based out of Gujarat and has emerged as one of FY16 FY17 FY18 FY19 FY20 H1-FY21 the largest manufacturers and expor
Slide 4: About DyStar
About DyStar • The DyStar Group is a leading dyestuff and chemical manufacturer and solution provider, offering a broad portfolio of colorants, specialty chemicals, and services to customers across the globe. • With a heritage of more than a century in product development and innovation for the text
Slide 5: History
History 1995 2002 2007 2012 2016 DyStar was founded in 1995 as a FOUNDATION ACQUISITION: ACQUISITION: FOUNDATION: ACQUISITION: JOINT Color Texanlab Sustainable Emerald joint venture between Hoechst AG VENTURE OF: Solutions Textile Performance and Bayer Textile Dyes. In 2000, the Bayer AG and Interna
Slide 6: H1 / Q2-FY21 Financial Highlights
H1 / Q2-FY21 Financial Highlights Q2-FY21 Financial Highlights (Standalone) Q2-FY21 Financial Highlights (Consolidated) •Operational •Operational EBITDA EBITDA Margin •EBITDA •EBITDA Margin Revenue Revenue INR (203) Mn NA INR (2) Mn NA • INR 1,110 Mn •INR 1,750 Mn Net Profit PAT Margin Diluted EPS •
Slide 7: Q2-FY21 Standalone Operational Highlights
Q2-FY21 Standalone Operational Highlights Kiri’s Standalone performance was impacted by Covid-19 Pandemic and the shutdown of dyes intermediate plant for 37 days (including initial start-up period) during Q2-FY21 The earnings of the company have been impacted by litigation expenses in relation to st
Slide 8: Q2-FY21 Consolidated Operational Highlights
Q2-FY21 Consolidated Operational Highlights The consolidated revenues in Q2FY21 have increased by 61% QoQ. The consolidated operational expenses are recovered from the revenues and other incomes of the company during the current quarter. During the previous quarter the company incurred EBIDTA defici
Slide 9: Update on court case in Singapore
Update on court case in Singapore The hearing(s) for the Valuation of Stake of Kiri in DyStar and the submissions were completed and the judgement was reserved on July 1, 2020 and The judgement is expected to be delivered in all probability during the current quarter. The valuation of stake of Kiri
Slide 10: H1 / Q2-FY21 Financial Highlights
H1 / Q2-FY21 FINANCIAL HIGHLIGHTS 9
Slide 11: Q2-FY21 Standalone Income Statement
Q2-FY21 Standalone Income Statement PARTICULARS (INR Mn) Q2-FY21 Q2-FY20 Y-o-Y Q1-FY21 Q-o-Q Revenue from Operations 1,110 2,516 (55.9)% 685 62.0% Total Expenses 1,313 2,268 (42.1)% 893 47.0% EBITDA (203) 248 NA (208) NA EBITDA Margin(%) NA 9.87% NA NA NA Other Income 5 7 (28.6)% 6 (16.7)% Depreciat
Slide 12: H1-FY21 Standalone Income Statement
H1-FY21 Standalone Income Statement PARTICULARS (INR Mn) H1-FY21 H1-FY20 Y-o-Y Revenue from Operations 1,795 5,298 (66.1)% Total Expenses 2,206 4,670 (52.8)% EBITDA (411) 628 NA EBITDA Margin(%) NA 11.85% NA Other Income 11 8 37.5% Depreciation 167 173 (3.5)% Finance Cost 18 22 (18.2)% PBT (585) 441
Slide 13: Q2-FY21 Consolidated Income Statement
Q2-FY21 Consolidated Income Statement PARTICULARS (INR Mn) Q2-FY21 Q2-FY20 Y-o-Y Q1-FY21 Q-o-Q Revenue from Operations 1,750 3,256 (46.3)% 1,088 60.8% Total Expenses 1,752 2,738 (36.0)% 1,142 53.4% EBITDA (2) 518 NA (54) NA EBITDA Margin NA 15.90% NA NA NA Other Income 5 8 (37.5)% 6 (16.7)% Deprecia
Slide 14: H1-FY21 Consolidated Income Statement
H1-FY21 Consolidated Income Statement PARTICULARS (INR Mn) H1-FY21 H1-FY20 Y-o-Y Revenue from Operations 2,838 6,920 (59.0)% Total Expenses 2,894 5,784 (50.0)% EBITDA (56) 1,136 NA EBITDA Margin(%) NA 16.42% NA Other Income 11 12 (8.3)% Depreciation 203 218 (6.9)% Finance Cost 19 23 (17.4)% PBT (267
Slide 15: Historical Financials
Kiri Industries Limited Fienre fall of Colors HISTORICAL FINANCIALS
Slide 16: Standalone Income Statement
Standalone Income Statement PARTICULARS (INR Mn) FY18 FY19 FY20 H1-FY21 Revenue from Operations 9,013 10,619 9,690 1,795 Total Expenses 7,712 9,055 8,729 2,206 EBITDA 1,301 1,564 961 (411) EBITDA Margin 14.43% 14.73% 9.92% NA Other Income 33 28 41 11 Depreciation 250 285 366 167 Finance Cost 17 44 4
Slide 17: Standalone Balance Sheet
Standalone Balance Sheet PARTICULARS (INR Mn) FY19 FY20 H1-FY21 PARTICULARS (INR Mn) FY19 FY20 H1-FY21 Equity 6,307 6,730 6,093 Non Current Assets 6,922 7,665 7,772 Equity Share Capital 313 336 336 a) Property, Plant and Equipment 4,290 4,635 4,565 Other Equity 5,994 6,394 5,757 b) Other Intangible
Slide 18: Consolidated Income Statement
Consolidated Income Statement PARTICULARS (INR Mn) FY18 FY19 FY20 H1-FY21 Revenue from Operations 11,352 13,938 13,054 2,838 Total Expenses 9,542 11,628 11,193 2,894 EBITDA 1,810 2,310 1,861 (56) EBITDA Margin (%) 15.94% 16.57% 14.26% NA Other Income 16 27 53 11 Depreciation 341 376 444 203 Finance
Slide 19: Consolidated Balance Sheet
Consolidated Balance Sheet PARTICULARS (INR Mn) FY19 FY20 H1-FY21 PARTICULARS (INR Mn) FY19 FY20 H1-FY21 Equity 15,673 19,334 19,566 Non Current Assets 15,673 18,919 19,621 Equity Share Capital 313 336 336 a) Property, Plant and Equipment 4,769 5,062 4,965 Other Equity 15,360 18,998 19,230 b) Other
Slide 20: Consolidated Financial Highlights
Consolidated Financial Highlights Operational Revenue (INR Mn) EBITDA (INR Mn) & PAT (INR Mn) & PAT Margins (%) EBITDA Margins (%) 13,938 15.94% 16.57% 1,576 13,054 14.26% 11,983 11,352 13.27% 1,267 11,119 11.14% 2,310 1,095 1,157 1,810 1,861 1,590 1,239 11.16% 11.31% 257 9.14% 8.86% 2.50% FY16 FY17
Slide 21: Capital Markets
Capital Markets Share Price Data as on 30th September 2020 45% 25% 5% -15% -35% -55% Oct-19 Nov-19 Dec-19 Jan-20 Feb-20 Mar-20 Apr-20 May-20 Jun-20 Jul-20 Aug-20 Sep-20 Kiri Industries SENSEX Price Data (30th September, 2020) INR Shareholding Pattern as on 30th September, 2020 Face Value 10.0 Market
Slide 22: Disclaimer
Disclaimer Kiri Industries Limited Disclaimer: The information contained in this presentation is only current as of its date. All actions and statements made herein or otherwise shall be subject to the applicable laws and regulations as amended from time to time. There is no representation that all
Slide 23: Thank You
Kiri Industries Limited Fienre fall of Colors THANK YOU