Kajaria Ceramics Limited · NSE:KAJARIACER
Kajaria Ceramics — Q1 FY23 Earnings Presentation
32 slides from Kajaria Ceramics's earnings presentation, Jul 21, 2022
Slide 1: Outcome of Board Meeting letter to stock exchanges
I_NDIA'S N0.1 TILE COMPANY Kajaria July 21 , 2022 BSE Limited The National Stock Exchange of India Limited P.J. Towers Exchange Plaza Dalal Street Bandra Kurla Complex Mumbai - 400 001 Bandra (E) Mumbai - 400 051 Dear Sir, Re.: Outcome of the Board Meeting and announcements pursuant to the SEBI (Lis
Slide 2: Annexure-A: Acquisition of South Asian Ceramic Tiles
INDIA'S N0 .1 TILE COMPANY Kajaria Annexu re-A Details regarding acquisition of equity shares of South Asian Ceramic Tiles Private Limited Sr. Particulars Details No. 1. Name of the target entity, details in brief South Asian Ceramic Tiles Private Limited , a company such as size, turnover etc. inco
Slide 3: Annexure-A: Acquisition details (continued)
INDIA'S N0.1 TILE COMPANY Kajaria 8. Cost of acquisition or the price at which A consideration upto Rs. 28.50 crores. the shares are acquired 9. Percentage of shareholding / control The Company will acquire 51 % (1,01 ,68,300 eq~ity acquired and/or number of shares shares) of South Asian and consequ
Slide 4: Annexure-B: Appointment of Independent Director
INDIA'S N0.1 TILE COMPANY Kajaria Annexure-B Details for appointment of Dr. Lalit Kumar Panwar as an Independent Director of the Company Sr. Particulars Details No. 1. Reason for change viz. In view of the imminent completion of the tenure of the Independent Director(s) appointment, of the Company a
Slide 5: Auditor's Review Report on Standalone Results
Walker Chandiok &_Co LLP Walker Chandlok & Co LLP L 41, Connaught Circus, Outer Circle, New Delhi· 110 001 India T +91 11 4500 2219 F +91 11 4278 7071 Independent Aud itor's Review Report on Standalone Unaudited Quarterly Financial Results of the Company pursuant to the Regulation 33 of the SEBI (Li
Slide 6: Auditor's Review Report on Standalone Results (cont'd)
Walker Chandiok &_Co LLP Independent Auditor's Review Report on Standalone Unaud ited Quarterly Financial Results of the Company pursua nt to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) (cont'd.) 4. The comparative financial informat
Slide 7: Statement of Unaudited Standalone Financial Results
h ,. Kajaria STATEMENT OF UNAUDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER ENDED 30 JUNE 2022 Quarter ended Year ended PARTICULARS 30 June 2022 31 March 2022 30 June 2021 31 March 2022 (Unaudited) (refer note No 6) (Unaudited) (Audited) 1. INCOME a) Revenue from operations 913.95 987.00 · 499.
Slide 8: Notes to Standalone Financial Results
Kajaria Notes: 1 The above standalone financial results have been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on 21 July 2022 and have undergone 'Limited Review' by the statutory auditors of the Company. 2 The above results have been prepa
Slide 9: Statement of Unaudited Consolidated Financial Results
Kajaria STATEMENT OF UNAUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER ENDED 30 JUNE 2022 I~ in crores, except per share data) Quarter ended PARTICULARS 30 June 2022 31 March 2022 30 June 2021 31 March 2022 (Unaudited) (refer note No 5) (Unaudited) (Audited) 1. INCOME a) Revenue from operatio
Slide 10: Auditor's Review Report on Consolidated Results
Walker Chandiok &.Co LLP Walker Chandlok & Co LLP L 41 , Connaught Circus, Outer Circle, New Delhl-110 001 India T +911145002219 F +91 11 4278 7071 Independent Auditor's Review Report on Consolidated Unaudited Quarterly Financial Res ults of the Company pursuant to the Regu lation 33 of the SEBI (Li
Slide 11: Auditor's Review Report on Consolidated Results (cont'd)
Walker Chandiok &_Co LLP Independent Auditor's Review Report on Consolidated Unaudited Quarterly Financial Results of the Company pursuant to the Regulation 33 of th e SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) (cont'd.) 4. Based on our review conducted and
Slide 12: List of subsidiaries included in the Statement
Walker Chandiok &.Co LLP Independent Auditor's Review Report on Consolidated Unaud ited Quarterly Financial Results of the Company pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) (cont'd.) Annexure 1 List of subsidiaries incl
Slide 13: Unaudited Consolidated Segment Wise Revenue, Results, Assets and Liabilities
Kajaria UNAUDITED CONSOLIDATED SEGMENT WISE REVENUE, RESULTS, ASSETS Al'-ID LIABILITil;Al FOR THE QUARTER ENDED 30 JUNE 2022 (~ in crores) Quarter ended Year ended PARTICULARS 30 June 2022 31 March 2022 30 June 2021 31 March 2022 (Unaudited) (refer note 5) (Unaudited) (Audited) 1.Segment revenue a)
Slide 14: Notes to Consolidated Financial Results
Kajaria Notes: 1 The above consolidated financial results have been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on 21 July 2022 and have undergone 'Limited Review' by the statutory auditors of the Company. 2 The above results have been pre
Slide 15: Extract of Unaudited Consolidated Financial Results
Kajaria ~ EXTRACT OF UNAU DITED CONSOLIDATED FINANCIAL RESULTS FOR TH E QUARTER ENDED 30 JUNE 2022 (~ in crores , except per share data) Quarter ended Year ended Sr Particulars 30 June 2022 31 March 2022 30 June 2021 31 March 2022 No (Unaudited) (refer note No 3) (Unaudited) (Audited) 1 Income a) Re
Slide 16: Kajaria Ceramics Limited – Q1 FY23
KAJARIA CERAMICS LIMITED Investor Update – Q1 FY23 July 21, 2022 1/17
Slide 17: Content
Content Chairman’s Message Financial Performance – Q1 FY23 Subsidiaries Income Statement Shareholding Pattern 2/17 Investor Update Q1 FY23
Slide 18: Chairman's Message
Chairman’s Message We are very pleased with our first quarter performance, which again demonstrated the power of sustainable business against a backdrop of geopolitical volatility and high commodity prices. We got off to a great start this fiscal year, generating Rs.1,008 crore in revenue, up 80% ye
Slide 19: Tile Volume Data (consolidated)
Tile VolumeData (consolidated) Production Growth (MSM) - Q1 FY23 Production Growth (MSM) - FY22 19.72 20 70 68.37 5.04 60 16.05 15 13.99 51.86 50 2.61 10.89 40 10 30 14.68 52.32 11.38 20 40.97 5 10 0 0 Q1 FY22 Q1 FY23 FY21 FY22 Own Manufacturing Subsidiaries Own Manufacturing Subsidiaries Sales Grow
Slide 20: Revenue Growth - consolidated
Revenue Growth - consolidated Rs. / Crores 1400 4000 3705.19 66.05 1200 275.74 1008.22 2780.90 Plywood 3000 Plywood 1000 20.34 893.64 39.15 71.37 209.00 Sanitary ware / Faucets Sanitary ware / Faucets 800 238.68 561.33 Outsourcing (Tiles) 509.43 Outsourcing (Tiles) 2000 561.66 Subsidiaries (Tiles) S
Slide 21: Profitability - Consolidated
Profitability - Consolidated PBT Rs. / Crores 125 PAT 160 125.71 100 92.30 120 75 80 56.88 50 43.06 40 25 0 0 Q1 FY22 Q1 FY23 Q1 FY22 Q1 FY23 400 376.98 510.17 500 308.05 412.74 300 400 300 200 200 100 100 FY21 FY22 FY21 FY22 6/17 Investor Update Q1 FY23 Refer Slide 15 for detailed IncomeStatement
Slide 22: EBITDA / EBITDA Margin (consolidated) – quarterly progression
EBITDA / EBITDA Margin (consolidated) – quarterly progression 200 20% 175 18.54% 150 17.21% 15% 15.06% 15.23% 125 14.32% Rs./ Crores 100 180.49 183.84 10% 165.94 75 153.59 50 5% 80.42 25 0 0% Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22 Q1 FY23 EBITDA (Rs. / Crores) EBITDA Margin (%) 7/17 Investor Update Q1 FY23
Slide 23: Key Ratios (consolidated): Net Debt
Key Ratios(consolidated)………… Net Debt (Rs. Crore) * Net Debt Equity(X) * 200 0.20 100 0 0.10 Mar-20 Mar-21 Mar-22 Jun-22 -100 -107 0.00 -200 Mar-20 Mar-21 Mar-22 Jun-22 -0.06 -300 -0.10 -373 -349 -340 -400 -0.15 -0.18 -0.17 -500 -0.20 * Net of cash and cash equivalents 8/17 Investor Update Q1 FY23
Slide 24: Key Ratios (consolidated): Working Capital and ROE
Key Ratios(consolidated) Working Capital (Rs. Crore) Return on Equity (Avg.) 600 513 513 565 500 432 502 400 466 397 373 300 328 298 200 239 30 207 100 0 Mar-20 Mar-21 Mar-22 Jun-22 20 18.89 Debtors Inventory Creditors 17.19 17.03 15.53 120 Working Capital (Days) 100 10 80 73 57 60 50 52 40 0 20 Mar
Slide 25: Subsidiaries
Subsidiaries A. KAJARIA VITRIFIED (Formerly known as Jaxx Vitrified Pvt. Ltd.) Kajaria Vitrified Pvt. Ltd. is based in Morbi (Gujarat). Kajaria has 87.37% stake in the same. The company has commissioned 4.40 MSM new capacity of polished vitrified tiles at the same site in April 2022, which has incre
Slide 26: Subsidiaries
Subsidiaries D. KAJARIA BATHWARE (P) LTD. (KBPL) Kajaria Bathware is a subsidiary of Kajaria Ceramics Ltd, in which Kajaria owns 85% and Aravali Investment Holdings, Mauritius, a wholly-owned subsidiary of WestBridge ……..Crossover Fund, LLC owns 15% stake. a) Sanitaryware: The Sanitaryware plant is
Slide 27: Recent Expansions - Update
Recent Expansions - Update A. Gailpur Plant (Rajasthan) The company has commissioned 4.20 MSM of ceramic floor tiles capacity at its Gailpur location in the month of May 22. B. Srikalahasti Plant (Andhra Pradesh) The company has commissioned capacity of 3.80 MSM of value added glazed vitrified tiles
Slide 28: Geographical Spread of the Production Capacity
Geographical Spread of the Production Capacity ASSET OVERVIEW Total Tile Capacity 82.80 MSM 38.50 MSM (Gailpur, Rajasthan) 6.50 MSM (Malootana, Rajasthan) 8.40 MSM (Sikandrabad, U P) 5.70 MSM Kajaria Infinity, (formerly known as Cosa Ceramics Private Production Capacity (MSM) Limited), Morbi, Cerami
Slide 29: Expansions on card
Expansions on card….. A. Kajaria Bathware (Rajasthan) In our faucet plant at Gailpur, we are adding new capacity of 6 lakh pieces per annum, which will take the total the capacity to 16 lakh pieces per annum. Estimated cost for this expansion is Rs. 5 crore approx. This expansion is expected to be c
Slide 30: Income Statement: Financial highlights
Income Statement Financial highlights (Rs / Crores) Q1 FY23 Q1 FY22 Growth FY 22 FY 21 Growth Standalone Consolidated Standalone Consolidated Standalone Consolidated Standalone Consolidated Standalone Consolidated Standalone Consolidated Net Sales 913.95 1008.22 499.67 561.66 83% 80% 3299.38 3705.19
Slide 31: Shareholding Pattern
Shareholding Pattern As on 30th Jun. 2022 Equity Shares Outstanding – 159.20 millions 13.98% NRI's Public / Others 0.38% 47.50% Promoters 38.14% FIs /FPIS / Mutual Funds 16/17 Investor Update Q1 FY23
Slide 32: 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 82.80 mn. sq. meters presently, distributed across eight plants - one at Sikandrabad in Uttar Pradesh, one at Gailpur, one at Malootana in Ra