Jindal Stainless Limited · NSE:JSL
Jindal Stainless — H1 FY20 Earnings Presentation
17 slides from Jindal Stainless's earnings presentation, Nov 11, 2019
Slide 1: Q2 & H1 FY20 Earnings Presentation
JINDAL STAINLESS LIMITED Q2 & H1 FY20 Earnings Presentation November 11, 2019
Slide 2: Disclaimer
Disclaimer This presentation and the accompanying slides (the “Presentation”), which has been prepared by Jindal Stainless Limited (the "Company"), has been prepared purely for information purposes only and is not, and is not intended to be, an offer, or solicitation of offer, or invitation or recom
Slide 3: Q2 & H1 FY20 Results Overview
Q2 & H1 FY20 Results Overview 3
Slide 4: Key Financials Highlights – Q2 & H1FY20
Key Financials Highlights – Q2 & H1FY20 Net Revenue from operations EBITDA 6,206 6,237 606 631 3,068 3,067 3,170 314 317 231 Q2 FY19 Q1 FY20 Q2 FY20 H1 FY19 H1 FY20 Q2 FY19 Q1 FY20 Q2 FY20 H1 FY19 H1 FY20 Shift (%) QoQ: 3% YoY: 3% 1% Shift (%) QoQ: 1% YoY: 37% 4% PAT 119 67 54 52 -36 Q2 FY19 Q1 FY20
Slide 5: Key Operational Update – Q2 & H1FY20
Key Operational Update – Q2 & H1FY20 SMS Sales Volume (MT) 424 455 Thousands 207 222 233 Q2 FY19 Q1 FY20 Q2 FY20 H1 FY19 H1 FY20 Shift (%) QoQ: 5% YoY: 13% 8% Sales Composition – Q2 FY20 Sales Composition – H1 FY20 Export Export 20% 20% Domestic Domestic 80% 80% 5 Note: Standalone financials
Slide 6: Key Raw Materials – Price Trend
Key Raw Materials – Price Trend Nickel (USD/MT) 15,540 14,476 13,276 13,266 12,369 12,258 11,463 Q4FY18 Q1FY19 Q2FY19 Q3FY19 Q4FY19 Q1FY20 Q2FY20 Note: Average quarterly prices; Source: LME Fe Chrome (INR/ton) 81,854 76,583 76,708 75,617 71,400 69,304 64,258 Q4FY18 Q1FY19 Q2FY19 Q3FY19 Q4FY19 Q1FY20
Slide 7: Q2 FY20 Financial and Operational Discussions (Standalone)
Q2 FY20 Financial and Operational Discussions (Standalone) Net Revenue stood at Rs. 3,170 crore, up 3% Y-o-Y o Sales volume rose 13% on Y-o-Y basis to 233,328 tonne, on the back of steady domestic demand EBITDA rose 37% Y-o-Y to Rs. 317 crore o No major impact of fluctuation in alloy prices on i
Slide 8: H1 FY20 Financial and Operational Discussions (Standalone)
H1 FY20 Financial and Operational Discussions (Standalone) Net Revenue rose 1% to Rs. 6,237 crore o Sales volume rose 8% on Y-o-Y basis to 455,446 tonne o Average sales realizations got impacted due to challenging macro economic situation and higher imports EBITDA at Rs. 631 crore, is up 4% Y-o-
Slide 9: Management Comment
Management Comment “Despite moderate business sentiment, JSL was able to maintain a steady performance through consistent Commenting on improvement in operational parameters and internal cost the performance, efficiencies. Mr. Abhyuday Jindal, A weak global outlook was compounded by soaring Managing
Slide 10: Abridged P&L Statement (Standalone)
Abridged P&L Statement (Standalone) YoY YoY Particular (Rs. crore) Q2 FY20 Q2 FY19 H1 FY20 H1 FY19 Change (%) Change (%) Net Revenue from operations 3,170 3,068 3% 6,237 6,206 1% Total Expenditure 2,853 2,837 1% 5,606 5,600 0% EBITDA 317 231 37% 631 606 4% EBITDA / ton 13,590 11,188 21% 13,852 14,31
Slide 11: Abridged P&L Statement (Consolidated)
Abridged P&L Statement (Consolidated) YoY YoY Particular (Rs. crore) Q2 FY20 Q2 FY19 H1 FY20 H1 FY19 Change (%) Change (%) Net Revenue from operations 3,291 3,298 0% 6,554 6,663 (2%) Total Expenditure 2,973 3,081 (4%) 5,936 6,026 (1%) EBITDA 318 218 46% 618 637 (3%) EBITDA / ton 13,650 10,532 30% 13
Slide 12: Abridged Balance Sheet (Standalone)
Abridged Balance Sheet (Standalone) As at 30th As at 31st As at 30th As at 31st ASSETS (Rs. crore) EQUITY AND LIABILITIES (Rs. crore) Sept. 2019 March 2019 Sept. 2019 March 2019 ASSETS EQUITY AND LIABILITIES 1) Non-current assets (a) Equity Share capital 97 96 (a) Property, Plant & Equipment 6,044 6
Slide 13: Abridged Balance Sheet (Consolidated)
Abridged Balance Sheet (Consolidated) As at 30th As at 31st As at 30th As at 31st ASSETS (Rs. crore) EQUITY AND LIABILITIES (Rs. crore) Sept. 2019 March 2019 Sept. 2019 March 2019 ASSETS EQUITY AND LIABILITIES 1) Non-current assets (a) Equity Share capital 97 96 (a) Property, Plant & Equipment 6,244
Slide 14: Comfortable Debt Position
Comfortable Debt Position Borrowings (Standalone) As on As on As on (Rs. crore) Sept.2019 Mar.2019 Mar.2018 Long term debt 1,882 2,050 2,457 Inter corporate loan from related party 900 900 900 OCRPS* 739 695 607 Net Debt/EBITDA Total Long term debt 3,521 3,645 3,963 Short term borrowing (less than 1
Slide 15: Key Financial Ratios (Standalone)
Key Financial Ratios (Standalone) H1 FY20 FY19 FY18 EBITDA margin (%) 10.1% 9.0% 11.9% PAT Margin (%) 1.9% 1.1% 3.0% Net Debt to Equity 1.5 1.7 2.0 Net Debt to EBITDA 3.3 3.6 3.7 Return on Equity (%) 8.1% 5.8% 15.5% Return on Capital employed (%) 11.4% 12.0% 15.6% Note: 1) H1 FY20 figures, except EB
Slide 16: About Us
About Us Jindal Stainless Ltd. (JSL) is amongst the leading stainless steel manufacturing companies in the world and India's largest stainless steel manufacturer. The Company operates an integrated stainless steel plant at Jajpur, Odisha. The complex has a total stainless steel Goutam Chakraborty /
Slide 17: Thank You
Thank You 17