Kiri Industries Limited · NSE:KIRIINDUS
Kiri Industries — Q3 FY2023 Earnings Presentation
22 slides from Kiri Industries's earnings presentation, Feb 13, 2023
Slide 1: Exchange submission letter for Q3-FY23 earnings presentation
February 13, 2023 To, To, BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, Bandra Kurla Complex, Dalal Street, Mumbai- 400 001 Bandra (E), Mumbai - 400 051 Scrip Code: 532967 Scrip ID - KIRIINDUS Dear Sir/Madam, Sub: Submission of Earnings Presentation
Slide 2: Q3/9M-FY23 Earnings Presentation
Q3/9M-FY23|EARNINGS PRESENTATION
Slide 3: Company Overview
Company Overview Consolidated Revenue Break-up (INR Mn) 6,339 6,499 3,801 3,399 8,650 6,607 5,792 3,832 • Established in 1998, Kiri Industries Limited (KIL), is based out of Gujarat and has emerged as one of FY20 FY21 FY22 9M-FY23 the largest manufacturers and exporters of a wide range of Dyes, Dyes
Slide 4: About DyStar
About DyStar • The DyStar Group is a leading dyestuff and chemical manufacturer and solution provider, offering a broad portfolio of colorants, specialty chemicals, and services to customers across the globe. • With a heritage of more than a century in product development and innovation for the text
Slide 5: History
History 1995 2002 2007 2012 2016 DyStar was founded in 1995 as a FOUNDATION ACQUISITION: ACQUISITION: FOUNDATION: ACQUISITION: JOINT Color Texanlab Sustainable Emerald joint venture between Hoechst AG VENTURE OF: Solutions Textile Performance and Bayer Textile Dyes. In 2000, the Bayer AG and Interna
Slide 6: Q3/9M-FY23 Financial Highlights
Q3/9M-FY23 Financial Highlights Q3-FY23 Financial Highlights (Consolidated) Q3-FY23 Financial Highlights (Standalone) Operational Operational EBITDA* EBITDA Margin* EBITDA EBITDA Margin Revenue Revenue INR (171) Mn NA INR (303) Mn NA INR 2,038Mn INR 1,326 Mn Net Profit* PAT Margin* Diluted EPS Net P
Slide 7: Q3/9M-FY23 Operational Highlights
Q3/9M-FY23 Operational Highlights Consolidated: Globally, recessionary trends for dyes and dyes intermediates industry continued during Q3FY23 with product take off remaining subdued. Since outbreak of Covid-19 pandemic, with exception of few quarters, the industry has experienced very sluggish dema
Slide 8: Update on DyStar court case in Singapore
Update on DyStar court case in Singapore Longsheng Group’s wholly owned subsidiary, Senda International Capital Limited (Senda) appeals had been dismissed earlier during Q2FY23 by the Supreme Court of Singapore (Court of Appeal) vide judgement dated 6 July, 2022. Importantly, Kiri has prevailed on t
Slide 9: Q3/9M-FY23 Financial Highlights
Q3/9M-FY23 FINANCIAL HIGHLIGHTS 8
Slide 10: Q3-FY23 Standalone Income Statement
Q3-FY23 Standalone Income Statement PARTICULARS (INR Mn) Q3-FY23 Q3-FY22 Y-o-Y Q2-FY23 Q-o-Q Revenue from Operations 1,326 3,458 (61.6)% 1,407 (5.8)% Total Expenses 1,629 3,169 (48.6)% 1,726 (5.6)% EBITDA (303) 289 NA (319) 5.0% EBITDA Margins (%) NA 8.36% NA NA NA Other Income 70 4 NA 1 NA Deprecia
Slide 11: 9M-FY23 Standalone Income Statement
9M-FY23 Standalone Income Statement PARTICULARS (INR Mn) 9M-FY23 9M-FY22 Y-o-Y Revenue from Operations 4,447 8,086 (45.0)% Total Expenses 5,388 7,834 (31.2)% EBITDA (941) 252 NA EBITDA Margin(%) NA 3.12% NA Other Income 223 13 NA Depreciation 332 328 1.2% Finance Cost 42 33 27.3% PBT (1,092) (96) NA
Slide 12: Q3-FY23 Consolidated Income Statement
Q3-FY23 Consolidated Income Statement PARTICULARS (INR Mn) Q3-FY23 Q3-FY22 Y-o-Y Q2-FY23 Q-o-Q Revenue from Operations 2,038 4,294 (52.5)% 2,422 (15.9)% Total Expenses 2,209 3,809 (42.0)% 2,493 (11.4)% EBITDA (171) 485 NA (71) NA EBITDA Margins (%) NA 11.29% NA NA NA Other Income 3 5 (40.0)% 2 50% D
Slide 13: 9M-FY23 Consolidated Income Statement
9M-FY23 Consolidated Income Statement PARTICULARS (INR Mn) 9M-FY23 9M-FY22 Y-o-Y Revenue from Operations 7,226 10,801 (33.1)% Total Expenses 7,554 9,836 (23.2)% EBITDA (328) 965 NA EBITDA Margins (%) NA 8.93% NA Other Income 6 14 (57.1)% Depreciation 368 382 (3.7)% Finance Cost 43 34 26.5% PBT (733)
Slide 14: Historical Financials
Kiri Industries Limited Fienre fall of Colonie HISTORICAL FINANCIALS
Slide 15: Historical Standalone Income Statement
Historical Standalone Income Statement PARTICULARS (INR Mn) FY20 FY21 FY22 9M-FY23 Revenue from Operations 9,690 6,892 11,368 4,447 Total Expenses 8,729 6,901 11,054 5,388 EBITDA 961 (9) 314 (941) EBITDA Margins (%) 9.92% NA 2.76% NA Other Income 41 20 18 223 Depreciation 366 390 436 332 Finance Cos
Slide 16: Standalone Balance Sheet
Standalone Balance Sheet PARTICULARS (INR Mn) FY21 FY22 H1-FY23 PARTICULARS (INR Mn) FY21 FY22 H1-FY23 Equity 6,346 6,250 5,532 Non Current Assets 8,098 8,117 7,912 Equity Share Capital 336 518 518 a) Property, Plant and Equipment 5,189 5,062 4,907 Other Equity 6,010 5,732 5014 b) Other Intangible a
Slide 17: Historical Consolidated Income Statement
Historical Consolidated Income Statement PARTICULARS (INR Mn) FY20 FY21 FY22 9M-FY23 Revenue from Operations 13,054 9,570 14,969 7,226 Total Expenses 11,193 8,744 13,756 7,554 EBITDA 1,861 826 1,213 (328) EBITDA Margins (%) 14.26% 8.63% 8.10% NA Other Income 53 22 20 6 Depreciation 444 461 502 368 F
Slide 18: Consolidated Balance Sheet
Consolidated Balance Sheet PARTICULARS (INR Mn) FY21 FY22 H1-FY23 PARTICULARS (INR Mn) FY21 FY22 H1-FY23 Equity 21,844 25,726 26,862 Non Current Assets 21,580 24,949 26,412 Equity Share Capital 336 518 518 a) Property, Plant and Equipment 5,591 5,430 5,264 Other Equity 21,508 25,208 26,344 b) Other
Slide 19: Consolidated Financial Highlights
Consolidated Financial Highlights Operational Revenue (INR Mn) EBITDA (INR Mn)* & PAT (INR Mn)* & PAT Margins (%)* EBITDA Margins (%)* 14,969 1,861 1,157 13,054 9,570 1,213 529 8.86% 7,226 14.26% 826 3.53% 218 8.63% 8.10% 2.28% -4.54% FY20 FY21 FY22 9M-FY23 FY20 FY21 FY22 9M-FY23 FY20 FY21 FY22 9M-F
Slide 20: Capital Market Data
Capital Market Data Stock Market Performance (as on 31st December, 2022) 15% 10% 5% 0% -5% -10% -15% Jan-22 Feb-22 Mar-22 Apr-22 May-22 Jun-22 Jul-22 Aug-22 Sep-22 Oct-22 Nov-22 Dec-22 Kiri Industries Ltd. Sensex Price Data (As on 31st December, 2022) INR Shareholding Pattern (As on 31st December, 2
Slide 21: Disclaimer
Disclaimer Kiri Industries Limited Disclaimer: The information contained in this presentation is only current as of its date. All actions and statements made herein or otherwise shall be subject to the applicable laws and regulations as amended from time to time. There is no representation that all
Slide 22: Thank You
Kiri Industries Limited Fienre fall of Colonie THANK YOU