Kaveri Seed Co. Ltd. · NSE:KSCL
Kaveri Seed — H1FY22 Earnings Presentation
27 slides from Kaveri Seed's earnings presentation, Nov 12, 2021
Slide 1: Exchange filing cover letter
keveni seed comperny limited koveri seeds l2rh Novcmber 2021 Bombay Stock Exchange Ltd., National Stock Exchange of lndia Ltd l.r Floor New Trading Ring Exchange Plaza, 5rh Floor, Rotimda Building Plot No.C/1, G Bl<rk, P.l.Towcrs, Dalal Strcet, Fort, Bandra Kurla Complex, Bandra (E) MUMBAI - 4OO OO1
Slide 2: Kaveri Seed Company Limited Result Presentation – H1FY22
Kaveri Seed Company Limited Result Presentation – H1FY22
Slide 3: Safe Harbour
Safe Harbour Certain statements in this document may be forward-looking statements. Such forward-looking statements are subject to certain risks and uncertainties like government actions, local political or economic developments, technological risks, and many other factors that could cause our actua
Slide 4: Summary
Business overview Business approach Summary Industry Backdrop Q2 & H1FY22 Financial Performance Research & Development – A pillar for growth Growth Outlook 3
Slide 5: H1FY22 Highlights
H1FY22 Highlights Cotton acreage lower by 6% on YOY basis, large states like AP, TS , HR, KA, MH & MP witnessed declines. Additionally, HTBT / illegal cotton occupied about 18 – 20 % of the cotton area, thus impacting overall branded seed markets. Higher rainfall and floods resulted in damage of cot
Slide 6: Business Approach
Business Approach Macro Environment The Kaveri Approach Rainfall adequate but erratic hampering productivity Further increase thrust on non-cotton segment and making farmers wary Share of Selection and Hybrid Rice, Maize, Vegetables etc targeted to be over 60% of revenue Cotton continues to
Slide 7: Industry Backdrop
Industry Backdrop kaveri seeds
Slide 8: Industry Backdrop – Cotton
Industry Backdrop – Cotton Area coverage during Kharif 2021 as on September 17, 2021 Area in lakh hectare YoY Abs State 2021-22 2020-21 Change % Andhra Pradesh 4.86 5.64 -14% Telangana 20.69 24.13 -14% Gujarat 22.51 22.79 -1% Haryana 6.88 7.37 -7% Karnataka 6.36 6.88 -8% Madhya Pradesh 6.15 6.44 -5%
Slide 9: Industry Backdrop – Commodity Prices Cotton
Industry Backdrop – Commodity Prices Cotton Prices September, Prices August, Prices September, % Change(Over Previous % Change(Over State 2021 2021 2020 Month) Previous Year) Gujarat 5715.31 7783.21 4434.27 -26.57 28.89 Karnataka 10186.14 9318.79 4999.16 9.31 103.76 Madhya Pradesh 4706.19 7125 3544.
Slide 10: Industry Backdrop - Maize
Industry Backdrop - Maize Area coverage during Kharif as on Sep 17’2021 Area in lakh hectare State 2021-22 2020-21 YoY Abs Change Andhra Pradesh 1.10 0.93 18% Arunachal Pradesh 0.39 0.39 -1% Assam 0.33 0.24 38% Bihar 3.83 3.99 -4% Chhattisgarh 2.27 2.07 10% Gujarat 2.93 2.86 3% Haryana 0.10 0.07 43%
Slide 11: Industry Backdrop – Commodity Prices Maize
Industry Backdrop – Commodity Prices Maize Prices September, Prices September, % Change(Over % Change(Over State Prices August, 2021 2021 2020 Previous Month) Previous Year) Andhra Pradesh 1140.15 1386.8 1227.71 -17.79 -7.13 Chattisgarh 1563.82 1481.09 1102.68 5.59 41.82 Gujarat 1927.99 1951.05 1524
Slide 12: Industry Backdrop Crop Trends
Industry Backdrop Crop Trends Crop-wise area coverage during Q2FY22 22.8% 414.18 -3.2% -5.8% -7.7% 1.6% 0.2% 119.66 413.34 81.52 63.40 126.97 14.65 1.51 80.24 68.67 15.13 1.23 Cotton Rice Maize Bajra Jowar Sunflower Cotton Rice Maize Bajra Jowar Sunflower Abs Change (%) 2021 2022 Area in lakh hectar
Slide 13: Industry Backdrop – All India Rainfall
Industry Backdrop – All India Rainfall 12 Source: IMD
Slide 14: Industry Backdrop – All India Rainfall
Industry Backdrop – All India Rainfall Source: IMD 13
Slide 15: Industry Backdrop – All India Rainfall
Industry Backdrop – All India Rainfall Source: IMD 14
Slide 16: H1FY22 Performance
H1FY22 Performance kaveri seeds
Slide 17: Q2 & H1FY22 Performance Review
Q2 & H1FY22 Performance Review Standalone Consolidated Growth Growth Growth Growth Rs. lakhs Q2FY22 Q2FY21 H1FY22 H1FY21 Q2FY22 Q1FY21 H1FY22 H1FY21 (%) (%) (%) (%) Net Sales 7,595.18 8,336.43 (8.89) 75,835.96 83,182.84 (8.83) 14,756.66 13,402.18 10.11 77,734.58 85,350.49 (8.92) Cost of Production 3
Slide 18: Key Ratios
Key Ratios Standalone Consolidated As on As on As on As on Rs. Lakhs September September September September 30, 2021 30, 2020 30, 2021 30, 2020 Shareholders Fund 1,33,082.25 1,28,723.53 1,31,876.41 1,27,191.57 Long-term Debt 84.39 131.97 84.39 131.97 Fixed Asset Turnover (times) 2.85 3.25 2.82 3.21
Slide 19: Cash investments as on 30 September 2021
Cash investments as on 30 September 2021 All figures based on cost Fund House Liquid Liquid Plus Shortterm Medium Grand Total Rs.in Lakhs ASK - - - 2,269 2,269 - 2,100 - - 2,100 AXIS - - 700 1,220 1,920 BIRLA 621 - 1,200 3,800 5,621 HDFC - - 3,200 - 3,200 ICICI - 2,000 - - 2,000 IDFC - 3,000 2,100 -
Slide 20: H1FY22 Crop wise performance
H1FY22 Crop wise performance Cotton: Cotton seed revenue & Maize seed revenue & volumes Volumes in H1FY22 are down by about 24.62% & Revenue by 26.61% Gained cotton seed market share in Gujarat & Haryana volumes Net Revenues (Rs cr) Sales Volume (MT) Lost sales in AP, Telangana, Karnataka & MH
Slide 21: H1FY22 Crop wise performance
H1FY22 Crop wise performance Hybrid Rice: Hy Rice Seed revenue & Sel. Rice seed revenue & volumes volumes Revenue Grew by 44.35% in H1FY22 Net Revenues (Rs cr) Sales Volume (MT) Net Revenues (Rs cr) Introduction of new hybrid 7299, 471 & 473 helped towards strong growth 6,603.15 Sales Volume (MT
Slide 22: H1FY22 Crop wise performance
H1FY22 Crop wise performance Vegetables: Vegetable seed revenue & volumes Vegetable sales revenue increased by 16.95% Net Revenues (Rs cr) Sales Volume (MT) Major growth driven by Hot pepper, Gourds & Okra 74.90 In Hot pepper KHPH 206 & Kaveri Beauty & Kaveri Sony Kaveri introduced New Hybri
Slide 23: Segmental Revenue Contribution
Segmental Revenue Contribution H1FY21 Revenue Rs. 831.83 Cr H1FY22 Revenue Rs. 758.36 Cr Vegetables Bajra Vegetables Bajra Selection Rice 2% 2% 3% 1% Selection Rice 9% 12% Hybrid Rice Cotton 14% 43% Cotton Hybrid Rice 52% 22% Maize 18% Others Maize Others 3% 16% 3% 22
Slide 24: R&D
R&D New products include KCH 111, money maker, VIPLAV New products – 8322, 8333, 5210, 4210 Benefits: Higher Yield Advantage Differentiators: Better Sucking Pest Tolerance and Big Boll Benefits: highest Yield , Attractive Color & Best Storability Size Differentiators: High Sheeling , Disease Toleran
Slide 25: The Kaveri Moat: Seeding Profitable Growth
The Kaveri Moat: Seeding Profitable Growth Strong P&L record, Cash rich, consistent Leadership in key crops: Top 5 Rank dividend paying Diverse Product portfolio addressing crop Benchmark R&D: Comprehensive germplasm rotation & shift repository Market adjacent, Pan- India Operations with Brand Salie
Slide 26: Investor Contacts
Investor Contacts For further information, please contact: Tel: +91 40 4919 2345 C. Mithun Chand Fax: +91 40 2781 1237 Executive Director, Kaveri Seeds # 513 B, 5th Floor, Minerva Complex, S.D.Road, Secunderabad -500 003 www.kaveriseeds.in Gavin Desa +91 22 6645 1237 CDR India gavin@cdr-india Rishab
Slide 27: Thank You
Thank You Ge kaveri seeds