Kajaria Ceramics Limited · NSE:KAJARIACER
Kajaria Ceramics — Q3 FY21 Earnings Presentation
14 slides from Kajaria Ceramics's earnings presentation, Jan 21, 2021
Slide 1: Investor Update – Q3 FY21
KAJARIA CERAMICS LIMITED Investor Update – Q3 FY21 January 21, 2021 1/14
Slide 2: Content
Content Chairman’s Message Financial Performance – Q3 FY21 Balance sheet perspective Subsidiaries Income Statement Shareholding Pattern 2/14 Investor Update Q3 FY21
Slide 3: Chairman's Message
Chairman’s Message The resurgent India is gaining momentum. The resilient spirit of the average Indian supported our growth aspiration. Our sales volumes have improved by 11%, sales have increased by 13% over the corresponding quarter of the previous year. Operating margins have touched a new high o
Slide 4: Tile Volume Data (consolidated)
Tile VolumeData (consolidated) Production Growth (MSM) - Q3 FY21 Production Growth (MSM) - 9M FY21 20 49.14 17.37 17.19 50 16 40 15.69 5.73 4.65 34.59 12 30 9.25 8 20 11.64 12.54 33.44 4 25.34 10 0 0 Q3 FY20 Q3 FY21 9M FY20 9M FY21 Own Manufacturing Subsidiaries Own Manufacturing Subsidiaries Sales
Slide 5: Revenue Growth - consolidated
Revenue Growth - consolidated Rs. / Crores 838.32 2400 2155.97 12.75 23.14 741.30 800 67.36 133.10 1828.39 8.09 2000 49.53 Plywood 23.81 169.64 369.22 Plywood 137.69 118.98 600 Sanitary ware / Faucets 1600 347.71 Sanitary ware / Faucets 451.21 171.68 167.34 Outsourcing (Tiles) Outsourcing (Tiles) 12
Slide 6: Profitability - Consolidated
Profitability - Consolidated PBT Rs. / Crores PAT 158.05 160 140 140 118.94 120 120 100 100 83.84 80 80 61.54 60 60 40 40 20 20 0 0 Q3 FY20 Q3 FY21 Q3 FY20 Q3 FY21 300 250 245.43 205.74 243.54 250 200 180.96 200 150 150 100 100 50 50 9M FY20 9M FY21 9M FY20 9M FY21 6/14 Investor Update Q3 FY21 Refer
Slide 7: EBITDA / EBITDA Margin (consolidated) – quarterly progression
EBITDA / EBITDA Margin (consolidated) – quarterly progression 21.68% 22% 193 20.17% 181.77 168 17% 15.02% 143 14.32% 143.69 118 12% Rs./ Crores 111.33 93 93.37 7% 68 43 2% 18 -7 Q3 FY20 Q4 FY20 Q1 FY21 -7.57 Q2 FY21 Q3 FY21 -3% -2.73% EBITDA (Rs. / Crores) EBITDA Margin (%) 7/14 Investor Update Q3 F
Slide 8: Key Ratios (consolidated)
Key Ratios(consolidated)………… Net Debt (Rs. Crore) * Net Debt Equity(X) * 0.20 200 88 100 0.10 0.06 0 Mar-18 Mar-19 Mar-20 Dec-20 0.00 -100 Mar-18 Mar-19 Mar-20 Dec-20 -107 -132 -0.06 -200 -0.10 -0.08 -300 -0.20 -400 -0.22 -424 -500 -0.30 * Net of cash and cash equivalents 8/14 Investor Update Q3 FY2
Slide 9: Key Ratios (consolidated)
Key Ratios(consolidated) Working Capital (Rs. Crore) Return on Equity (Avg.) 550 513 475 450 451 406 397 382 378 350 380 309 250 258 239 182 30 150 50 Mar-18 Mar-19 Mar-20 Dec-20 Debtors Inventory Creditors 20 18.61 15.49 120 Working Capital (Days) 15.53 13.35 100 80 73 10 60 58 Mar-18 Mar-19 Mar-20
Slide 10: Subsidiaries
Subsidiaries A. JAXX VITRIFIED Jaxx Vitrified is based in Morbi (Gujarat). Kajaria has 87.37% stake in the same. Jaxx had combined annual capacity of 7.60 MSM of polished vitrified tiles. Jaxx has operated at 100% during Q3 FY21. B. VENNAR CERAMICS Vennar is based in Vijayawada (Andhra Pradesh). Kaj
Slide 11: Subsidiaries
Subsidiaries D. KAJARIA TILES PRIVATE LIMITED* Kajaria Tiles (a wholly owned subsidiary) has commissioned a manufacturing facility of glazed vitrified tiles with a capacity of 5.00 MSM p.a. in Andhra Pradesh and started commercial production in September 2019. Plant has operated at 100% in Q3 FY21.
Slide 12: Income Statement
Income Statement Financial highlights (Rs / Crores) Q3 FY21 Q3 FY20 Growth 9M FY21 9M FY20 Growth Standalone Consolidated Standalone Consolidated Standalone Consolidated Standalone Consolidated Standalone Consolidated Standalone Consolidated Net Sales 756.26 838.32 677.64 741.30 12% 13% 1663.92 1828
Slide 13: Shareholding Pattern
Shareholding Pattern As on 31st Dec. 2020 Equity Shares Outstanding – 159.08 millions Shareholding Public / Others 15.11% NRI's 0.42% Promoters 47.54% FIs /FPIS / Mutual Funds 36.93% 13/14 Investor Update Q3 FY21
Slide 14: About Us
About Us Kajaria Ceramics is the largest manufacturer of ceramic/vitrified tiles in India and the 8th largest in the world. It has present annual capacity of 70.40 mn. sq. meters presently, distributed across eight plants - one at Sikandrabad in Uttar Pradesh, one at Gailpur and one at Malootana in