Kirloskar Oil Engines Limited · NSE:KIRLOSENG
Kirloskar Oil Engines — Q2 FY2021-22 Earnings Presentation
24 slides from Kirloskar Oil Engines's earnings presentation, Oct 29, 2021
Slide 1: Exchange filing cover letter
Date: 29th October 2021 BSE Scrip Code: 533293 NSE Scrip Code: KIRLOSENG To To Corporate Relationship Department Listing Department BSE Limited National Stock Exchange of India Ltd. 1st Floor, Rotunda Building, Exchange Plaza, C ‐1, Block G, Dalal Street, Fort, Bandra‐Kurla Complex, Bandra (E), Mumb
Slide 2: Earnings Call Q2 FY 2021-22
Earnings Call Q2 FY 2021-22 29th October 2021 All amounts are in “₹ Crore” except otherwise stated; rounded off to the nearest decimal
Slide 3: Disclaimer & Safe Harbor Statement
DISCLAIMER & SAFE HARBOR STATEMENT Statements in this presentation, particularly those which relate to management’s views and analysis, describing the Company’s objectives, projections, estimates and expectations may constitute “forward looking statements” within the meaning of applicable laws and r
Slide 4: KOEL Group structure
KOEL GROUP La-Gajjar Machineries *Kirloskar Americas **Arka Fincap Ltd3 Arka Financial (P) Ltd1 Corporation2 (100%) Holdings (P) Ltd5 (100%***) (100%) (76%) Earnings Presentation Q2 FY 22 – KOEL GROUP Optiqua Pipes & Electricals (P) Ltd4 (100%) 1 with effect from 1st August 2017 2 with effect from 1
Slide 5: Content
CONTENT ▪ BUSINESS OVERVIEW ▪ SALES HIGHLIGHTS ▪ BUSINESS PERFORMANCE- DIVISION WISE ▪ FINANCIAL OVERVIEW 4
Slide 6: Sales Highlights – Q2 FY22 Y-o-Y
SALES HIGHLIGHTS – Q2 FY22 Y-o-Y Sales Performance Power Generation Industrial Customer Support Agriculture* Large Engines (IPS) 367.9 161.4 122.1 6% 140.7 33.5 13% 10% 58% 133.3 -23% 817.8 111.4 25.7 143.4 25% 233.3 654.9 Q2 FY21 Q2 FY22 Q2 FY21 Q2 FY22 Q2 FY21 Q2 FY22 Q2 FY21 Q2 FY22 Q2 FY21 Q2 FY
Slide 7: Sales Highlights – H1 FY22 Y-o-Y
SALES HIGHLIGHTS – H1 FY22 Y-o-Y Sales Performance Power Generation Industrial Customer Support Agriculture* Large Engines 272.7 (IPS) 631.1 212.5 24% -14% 39% 287.7 28% 1457.0 100% 219.5 61.9 165.5 207.1 53.0 50% 315.7 969.7 H1 FY21 H1 FY22 H1 FY21 H1 FY22 H1 FY21 H1 FY22 H1 FY21 H1 FY22 H1 FY21 H1
Slide 8: Business Performance Q2 FY22: Power Generation and Agri
BUSINESS PERFORMANCE Q2 FY22 POWER GENERATION BUSINESS AGRI BUSINESS ▪ Business has registered growth at 58% Y-o-Y and 40% ▪ Business has registered growth at 6% Y-o-Y and 7% Q-o-Q Q-o-Q ▪ All major sub segments have registered healthy double ▪ Strong growth witnessed in electric pumps; one of digit
Slide 9: Business Performance Q2 FY22: Industrial and Customer Support
BUSINESS PERFORMANCE Q2 FY22 INDUSTRIAL BUSINESS* CUSTOMER SUPPORT BUSINESS ▪ Sales grew at 13% Y-o-Y and 28% Q-o-Q on back of ▪ On the back of increased service load & secondary strong demand across segments consumption, sales grew at 10% Y-o-Y and 35% Q-o-Q ▪ BSIV smooth ramp up with all OEMs ▪ 90
Slide 10: Business Performance Q2 FY22: Export and Large Engines
BUSINESS PERFORMANCE Q2 FY22 EXPORT BUSINESS LARGE ENGINES BUSINESS (IPS) ▪ Business has registered a marginal decline of 3% Y-o-Y ▪ Business has registered a decline of 23% Y-o-Y and and growth of 24% Q-o-Q 6% Q-o-Q. Restrictions to many customer premises due to second wave of COVID-19 impacted pro
Slide 11: Content
CONTENT ▪ BUSINESS OVERVIEW ▪ FINANCIAL OVERVIEW ▪ STANDALONE FINANCIAL PERFORMANCE ▪ PERFORMANCE OF SUBSIDIARIES ▪ CONSOLIDATED FINANCIAL PERFORMANCE 10
Slide 12: Results Snapshot – Standalone Quarterly
RESULTS SNAPSHOT – STANDALONE Quarterly PAT EBITDA Sales Q2 FY22 817.8 Q2 FY22 66.5 Q2 FY22 38.7 Year- On - Year Q2 FY21 654.9 Q2 FY21 76.6 Q2 FY21 47.2 + 25 % - 13 % - 18 % Earnings Presentation Q2 FY 22 – Financial Overview- Standalone PAT EBITDA Sales Quarter - On - Quarter Q2 FY22 817.8 Q2 FY22
Slide 13: Results Snapshot – Standalone Half Yearly
RESULTS SNAPSHOT – STANDALONE Half Yearly EBITDA PAT Sales H1 FY22 1,457.0 H1 FY22 115.5 H1 FY22 63.2 Year- On - Year H1 FY21 969.7 H1 FY21 72.2 H1 FY21 36.4 Earnings Presentation Q2 FY 22 – Financial Overview- Standalone + 50 % + 60 % + 73 % Notes: EBITDA excludes otherincome and exceptional items.
Slide 14: Profit and Loss Statement – Standalone Quarterly
PROFIT AND LOSS STATEMENT – STANDALONE Quarterly Q1 Q2 Q2 Q-o-Q Y-o-Y Particulars FY22 FY21 FY22 ∂% ∂% 639.2 Net Sales 654.9 817.8 28% 25% 8.1 Other Operating Income 6.8 7.7 -5% 13% 647.2 Revenue from operations 661.7 825.5 28% 25% 445.8 Raw Material 422.2 571.7 28% 35% 48.9 Employee Costs 41.8 54.3
Slide 15: Profit and Loss Statement – Standalone Half Yearly
PROFIT AND LOSS STATEMENT – STANDALONE Half Yearly H1 H1 Y-o-Y Particulars FY21 FY22 ∂% Net Sales 969.7 1,457.0 50% Other Operating Income 12.4 15.7 27% Revenue from operations 982.2 1,472.7 50% Raw Material 626.6 1,017.5 62% Employee Costs 86.4 103.2 19% Other Expenses 197.0 236.6 20% Earnings Pres
Slide 16: Working Capital & Net Cash Position
WORKING CAPITAL & NET CASH POSITION Inventories Receivables 63 Days 58 Days 58 Days 48 Days 46 Days 47 Days 49 Days 49 Days 35 Days 35 Days 290.3 301.7 355.8 265.2 302.8 304.3 317.9 246.9 245.8 282.1 Earnings Presentation Q2 FY 22 – Financial Overview- Standalone Q2 FY21 Q3 FY21 Q4 FY21 Q1 FY22 Q2 F
Slide 17: Performance of Subsidiaries
PERFORMANCE OF SUBSIDIARIES La-Gajjar Machineries (P) Ltd (“LGM”)* Kirloskar Americas Corporation# (“KAC”) ▪ Sales at 137.4 Cr in Q2 FY22; decline of 5% Y-o-Y and ▪ Sales at 7.9 Cr in Q2 FY22; decline of 8% Y-o-Y and 3% Q-o-Q 11% Q-o-Q ▪ EBITDA margin for the quarter continued to remain ▪ Agri segme
Slide 18: Performance of Subsidiaries – Financial Services
PERFORMANCE OF SUBSIDIARIES Financial Services Business – Arka Fincap Ltd (“AFL”)** & Arka Financial Holdings (P) Ltd (“AFHPL”) ▪ KOEL’s total investment in AFL as on 30th Sep 21 stood at Rs 701 Cr ▪ KOEL has infused Rs 83 Cr in AFHPL in Q2 FY22 ▪ AFHPL, in turn, infused Rs 80 Cr of equity share cap
Slide 19: Results Snapshot – Consolidated Quarterly
RESULTS SNAPSHOT – CONSOLIDATED Quarterly EBITDA PAT Sales* Q2 FY 22 991.4 Q2 FY 22 97.4 Q2 FY 22 41.7 Year- On - Year Q2 FY21 817.5 Q2 FY21 108.6 Q2 FY21 59.5 + 21 % - 10 % - 30 % Earnings Presentation Q2 FY 22 – Financial Overview- Consolidated PAT EBITDA Sales* Quarter - On - Quarter Q2 FY 22 991
Slide 20: Results Snapshot – Consolidated Half Yearly
RESULTS SNAPSHOT – CONSOLIDATED Half yearly PAT EBITDA Sales* H1 FY 22 1,801.0 H1 FY 22 180.9 H1 FY 22 74.0 Year- On - Year H1 FY21 1,232.8 H1 FY21 119.4 H1 FY21 52.8 Earnings Presentation Q2 FY 22 – Financial Overview- Consolidated + 46 % + 52 % + 40 % Notes: EBITDA excludes other income and except
Slide 21: Profit and Loss Statement – Consolidated Quarterly
PROFIT AND LOSS STATEMENT – CONSOLIDATED Quarterly Q1 Q2 Q2 Q-o-Q Y-o-Y Particulars FY22 FY21 FY22 ∂% ∂% 809.5 Net Sales 817.5 991.4 22% 21% 11.3 Other Operating Income 10.5 10.0 -11% -4% 820.8 Revenue from operations 828.0 1,001.4 22% 21% 532.4 Raw Material 510.3 656.3 23% 29% 64.9 Employee Costs 5
Slide 22: Profit and Loss Statement – Consolidated Half Yearly
PROFIT AND LOSS STATEMENT – CONSOLIDATED Half Yearly H1 H1 Y-o-Y Particulars FY21 FY22 ∂% Net Sales 1,232.8 1,801.0 46% Other Operating Income 17.5 21.3 22% Revenue from operations 1,250.3 1,822.3 46% Raw Material 771.2 1,188.7 54% Employee Costs 112.5 136.8 22% Earnings Presentation Q2 FY 22 – Fina
Slide 23: Segment Results – Consolidated
SEGMENT RESULTS - CONSOLIDATED Q1 FY22 Particulars Q2 FY21 Q2 FY22 H1 FY21 H1 FY22 SEGMENT REVENUE 567.8 Engines 594.3 738.3 861.8 1,306.1 174.8 Electric Pumps 163.3 166.2 267.0 340.9 37.7 Financial Services 22.9 45.4 39.5 83.1 40.5 Others 47.2 51.7 81.3 92.2 0.0 Unallocated 0.2 0.0 0.8 0.0 820.8 RE
Slide 24: Thank You
THANK YOU For Further Information Please Contact: KOEL Company Secretary Group Investor Relations Ms Smita Raichurkar Ms. Mayura Bhusari Tel: (020) 25810341(Extn- 4461) Tel: (020) 29704348 Email: Smita.Raichurkar@kirloskar.com Email: mayura.bhusari@kirloskar.com
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