Jain Irrigation Systems Limited · NSE:JISLDVREQS
Jain Irrigation Systems — Q2 FY23 Earnings Presentation
29 slides from Jain Irrigation Systems's earnings presentation, Nov 11, 2022
Slide 1: Investor Communication Q2 FY23 filing letter
() SPS Jain Irrigation Systems Ltd. Small Ideas. Big Revolutions.” "Leave this world better than you found it." Founder- Bhavarlal H. Jain (1937 - 2016) JISL/SEC/2022/1 1/B-2/B-6 11" November, 2022 To, To, Bombay Stock Exchange Ltd., National Stock Exchange of India Ltd., Corporate Relationship Depa
Slide 2: Investor Communication Q2FY23 & H1FY23
O JAIN Jain Irrigation Systems Ltd. Small Ideas. Big Revolutions.® Investor Communication Q2FY23 & H1FY23 11 November 2022
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Slide 4: Management Commentary
Management Commentary
Slide 5: Management Commentary
6 JAIN Management Commentary “Leave this world better than you found it.” — Bhavarlal H Jain We are pleased to share with you the results of the second quarter and half year ended 30 September 2022. Some of the key takeaways are summarized below: » Despite weak global cues, the Company has shown res
Slide 6: Product diversification, customer centricity and technology to propel growth
Product diversification, Customer centricity, Strong R&D capabilities, OJARIN and Technology enabled solutions will propel our future growth U Market Penetration & Industry Application » Improving dealer density by appointing 500+ new distributors / dealers / sub-dealers in existing and unrepresente
Slide 7: Financial Highlights
Financial Highlights
Slide 8: Financial Performance - Standalone
GO JAIN Financial Performance - Standalone All figures in = Million Particulars Q2FY23 ovary) thence TTL AGE: Tia ey) Le Revenue 6,028 6,385 5.6% 14,646 13,353 9.7% EBITDA 766 931 17.7% 1,861 1,953 4.7% Margin 12.7% 14.6% . 12.7% 14.6% . PAT 123 379 . 178 594 . Cash PAT 251 9 . 570 189 . Page 7
Slide 9: Financial Highlights - Standalone
OJARIN Financial Highlights - Standalone All figures in = Million Revenue EBITDA Revenue Despite above par rainfall, 931 unfavorable geopolitical and high 6,028 6,385 766 , 6,028 Mn inflationary environment, the company achieved 95% of its Q2FY22 J -5.6% revenue in a seasonally weak quarter While hi
Slide 10: Segment Reporting - Standalone
OJARIN Segment Reporting - Standalone All figures in = Million Revenue YoY Revenue Hi-Tech Agri 4,836 Quarterly growth is driven by Tissue 1,860 Q2 T +4.2% Culture business as demand for banana saplings continues to grow eZ 9,635 H1 |) +14.2% Half yearly growth is driven by strong demand from the re
Slide 11: Financial Performance - Consolidated
GO JAIN Financial Performance - Consolidated All figures in = Million Particulars Q2FY23 ey ay thence TTL AGE: Tia ey) change Revenue 16,076 16,446 2.3% 36,504 34,221 6.7% EBITDA 1,661 2,328 28.6% 4,355 4,966 12.3% Margin 10.3% 14.2% . 11.9% 14.5% . PAT 897 1,083 . 954 1,217 . Cash PAT 74 1,921 . 69
Slide 12: Financial Highlights - Consolidated
OJARIN Financial Highlights - Consolidated All figures in = Million Consolidated revenues have remained resilient Revenue EBITDA Revenue amidst weak global cues 2,328 16,076 16,446 = 16,076 Mn Domestic plastic business witnessed degrowth primarily due to extended monsoon and supply chain J 2.3% disr
Slide 13: Segment Reporting - Consolidated
OJARIN Segment Reporting - Consolidated All figures in = Million Revenue YoY Revenue Hi-Tech Agri Q2 J -0.1% Micro Irrigation sales have remained resilient despite a global slowdown in the sector H1 T + 4.9% YoY Revenue Plastic Q2FY23 Q2FY22 H1FY23 HiFY22 While the revenue grew in the overseas @ Hi-
Slide 14: Financial Position
OJARIN Financial Position All figures in = Million Standalone Consolidated Particulars 30-Sep-22 cee lays. 30-Sep-21 30-Sep-22 cies pya4 30-Sep-21 Non current assets 45,026 44,957 45,681 60,917 60,954 63,108 Current assets 37,252 37,832 40,289 64,564 65,673 67,234 Non current liabilities 1,267 1,270
Slide 15: Working Capital Days
Working Capital Days OSI 30 Sept 22 30 June 22 30 Sept 21 Standalone Standalone Inventory Inventory Inventory Hi-Tech Agri 126 293 365 128 289 363 134 350 437 108 108 116 Plastic 58 154 157 59 144 148 63-178 234 | Total 108 248 301 108 240 294 116 297 379 Inventory m30-Sept-22 30-Jun-22 © 30-Sept-21
Slide 16: Robust Order Book Position
Robust Order Book Position SRE Standalone Consolidated % 12,286 million % 16,192 million SL = = 5,566 million % 5,715 million % 8,270 million X 17,854 million X 30,177 million *Does not include orders received from the rate contract agreement with ‘Jal Jeevan Mission’ worth % 20,675 Mn nage 18 age
Slide 17: Industry Tailwinds
Industry Tailwinds
Slide 18: Changes in agricultural production by 2050 due to climate change
Changes in agricultural production by the year 2050 due to climate change relative 6 JAIN to baseline® is likely to impact crop yields across the globe "Uneven climate change effects in combination with differences in adaptation capacity may give rise to a growing divide between developed and develo
Slide 19: Population growth and food demand drive precision farming need
Increasing population, rising food demand, urbanization and shrinking areas under GO JAIN cultivation will drive the need for precision farming solutions Global population (bn) Urban population (bn) Average household personal disposable income (Thousand USS PPP*) | Mature | Emerging 126.5 CAGR:+0.7%
Slide 20: Micro Irrigation penetration growth rate is 12%
Micro Irrigation penetration growth rate is 12% Od Global MI Penetration % Key factors that will drive MI adoption 100% 90% 3 78% 80% 65% seedy 9 : : Government . programs and subsidies : in 60% 957% 52% i=} developing MIS market has led to an increased 40% 3---@: acceptance of the technology amongs
Slide 21: India's plastic industry on an upward trajectory
OJARIN India’s plastic industry has been on an upward trajectory over the last 10 years > Indian plastic market is vastly unexplored as evidenced by its low per capita plastic consumption of 13.6 kg as compared to the global average of 30 kg » With highly skewed consumption pattern towards pipes and
Slide 22: Raw material price volatility and correction
Raw material prices witnessed volatility due to supply chain crisis driven by Covid- OSI 19, regional conflicts and high inflation. However, the prices have shown correction over the last few months 170 150 130 ~~ eee 110 Rs per Kg 90 70 50 FL LE KMPH LL LSPFLYPLSPPM LLF PM SSPKPH MDM FMKIS ML MTD V
Slide 23: About the company
About the company
Slide 24: Well diversified business and technologically advanced product range
Well diversified business, technologically advanced product range and state of the 6 JAIN art manufacturing facilities keeps us at the heart of customer needs Hi-Tech Agri Hi-tech Agri Inputs PVC Pipes, fittings, Polyethylene Pipes Drip & Sprinkler Systems Precision Farming v Turnkey Projects, PVC S
Slide 25: Environmental & Social Impact
OJARIN Environmental & Social Impact Farmers Reached 10 MN+ Cumulative up to March 2022 Water ~170 Cumulative impact of our products up to Jain Focus: Shareholders and Stakeholders Savings BCM March 2022 “JISL has designed its agribusiness model on the concept of ‘Resources to Roots’, which addresse
Slide 26: Investment Merits
Investment Merits
Slide 27: Investment Merits
O JAIN oye A 0 rs dim 0 0 0 dim dh din chaindadinah Well diversified across Uniquely positioned to Ready-to-use domestic Professionally 126 countries, 20k+ provide end-to-end manufacturing capacity to managed values SKUs and 6 channels solutions to the farmers accelerate growth by 3x driven organiza
Slide 28: Disclaimer
Disclaimer This investor presentation has been prepared by Jain Irrigation Systems Limited and does not constitute a prospectus or placement memorandum or an offer to acquire any securities. This presentation or any other documentation or information (or any part thereof) delivered or supplied shoul
Slide 29: You may send your queries to
You may send your queries to Mr. Avdhut Ghodgaonkar ghodgaonkar.avdhut@jains.com Mr. Neeraj Gupta gupta.neeraj@jainfarmfresh.com
Jain Irrigation Systems — Q2 FY23 Earnings Presentation on 6ix