Kajaria Ceramics Limited · NSE:KAJARIACER
Kajaria Ceramics — Investor Presentation (November 2013)
26 slides from Kajaria Ceramics's investor presentation, November 2013
Slide 1: Investors Presentation
Investors Presentation November 2013
Slide 2: Agenda
Agenda Global Tile Industry Indian Tile Industry Kajaria Ceramics – overview Financials Shareholding Pattern 2
Slide 3: The production of top 10 countries
The production of top 10 countries… (Million Sq Mtr) CY08 CY09 CY10 CY11 CY12 CHINA 3400 3600 4200 4800 5200 47% BRAZIL 713 715 753 844 866 INDIA 390 490 550 617 691 6% IRAN 320 350 400 475 500 SPAIN 495 324 366 392 404 ITALY 513 368 387 400 367 INDONESIA 275 278 287 317 330 VIETNAM 270 295 375 380
Slide 4: World production scenario
World production scenario • In 2012 world tile promoter crossed 11billion sq. mtr. mark to reach at 11166 million sq. mtr. • Asia produced 7674 million sqm – up 6.4% over 2011. Source: Ceramic World Review 4
Slide 5: The consumption of top 10 countries
The consumption of top 10 countries… (Million Sq Mtr) CY08 CY09 CY10 CY11 CY12 CHINA 2830 3030 3500 4000 4250 39% BRAZIL 605 645 700 775 803 INDIA 403 494 557 625 681 6% IRAN 265 295 335 395 375 INDONESIA 262 297 277 312 340 VIETNAM 220 240 330 360 247 SAUDI ARABIA 136 166 182 203 230 RUSSIA 191 139
Slide 6: Global consumption Scenario (CY12)
Global consumption Scenario (CY12) • The break down in consumption by geographical area is very similar to that of production. • In Asia, the consumption grow at 4.4% in CY12. Source: Ceramic World Review 6
Slide 7: Global Scenario – per capita consumption of tile
Global Scenario … Per capita consumption of tile (Sq Mtr) Source: Ceramic World Review 7
Slide 8: Indian Tile Industry
Indian Tile Industry • Indian tile industry is 681 million sq. mtr. as of March 2013. • Industry size is estimated to be Rs 19500 crore as of March 2013. • National Brands control 50% of industry. • The industry has been growing at a CAGR of 13 - 14% per annum in last 4-5 years. 8
Slide 9: Indian Industry – Major Players
Indian Industry – Major Players National Brands control around 50% of the Industry Turnover as on 31.03.2013 (Rs/Cr) H&R Johnson 1832 Kajaria Ceramics 1734 Somany Ceramics 1113 Nitco Tiles 881 Asian Granito 707 RAK Ceramics* 700 Orient Bell Ceramics 620 Varmora* 400 Regency Ceramics 190 Bell Granito
Slide 10: Balance of the industry is unbranded players in Morbi/Himmatnagar
Balance of the industry is represented by other unbranded players present in Morbi/ Himmatnagar (Gujarat). 10
Slide 11: Indian Industry – Segmentation
Indian Industry – Segmentation How Kajaria is Catering to all the segment of the 681 MSM tile Industry (Rs 19500 Crore) 15 MSM 2 221 MSM MSM 28 MSM Manufactured at Gailpur and Manufactured at Gailpur, Sikandrabad and Sikandrabad.Total capacity 5.90 MSM Polished Morbi (Jaxx and Cosa). Total capacity
Slide 12: Manufacturing
Manufacturing • Kajaria started production in August 1988 at Sikandrabad (UP) with 1 million sq. mtr. per annum. • Current Capacity of Sikandrabad plant is 8.40 million sq. mtr. of ceramic glazed and vitrified tiles. 12
Slide 13: Manufacturing
Manufacturing Commissioned 2nd Plant in March 1998 at Gailpur (Rajasthan) with a capacity of 6 million sq mtr p.a. and further increased the capacity in phased manner. The present capacity of Gailpur plant is 21.50 millions sq. mtr. per annum of ceramic glazed and vitrified tiles. 13
Slide 14: The total present capacity is 45.20 msm per annum
The total present capacity is 45.20 msm per annum 14
Slide 15: Geographical Spread of the Production Capacity
Geographical Spread of the Production Capacity 8.40 MSM (Sikandrabad, U P) 21.50 MSM (Gailpur, Rajasthan) 4.60 MSM (JV with Soriso, Morbi Gujarat) 2.70 MSM (JV with Cosa, Morbi, Gujarat) 5.70 MSM (JV with Jaxx, Morbi, Gujarat) MSM Ceramic Polished Glazed Plant Vitrified Vitrified Total Tiles Tiles T
Slide 16: The most certified Ceramic Tile Company in the world
The most certified Ceramic Tile Company in the world 16
Slide 17: Distribution Network of Strong & Loyal dealers
Distribution Network of Strong & Loyal 800 dealers all Over the country A stand alone shop that gives dedicated space to all tile verticals. A stand alone shop that gives 2000 sq. ft. + dedicated space to high end tiles made or imported by the company. A shop where a dealer gives dedicated space for
Slide 18: 24 Display Centers at all the offices in the country
24 Display Centers at all the offices in the country Amritsar Ludhiana Dehradun Chandigarh New Delhi Jaipur Lucknow Guwahati Varanasi Patna Ahmedabad Indore Morbi Kolkata Nagpur Mumbai Aurangabad Pune Hyderabad Bengaluru Chennai Coimbatore Cochin Customers / Architects come to select the tiles, Thir
Slide 19: Exhibitions all over the country
EXHIBITIONS ALL OVER THE COUNTRY 19
Slide 20: Only Ceramic Tile Company in India conferred with Superbrand
Only Ceramic Tile Company in India conferred with “Superbrand” for Sixth consecutive time. Superbrand is a concept that originated in the UK in 1993 and currently operating in 86 countires 20
Slide 21: Net Sales, PAT and Margins
Net Sales (Rs. Crore) PAT (Rs. Crore) 2000 120 105 1611 100 1600 1312 81 80 1200 61 952 60 736 800 36 40 400 20 0 0 FY-10 FY-11 FY-12 FY-13 FY-10 FY-11 FY-12 FY-13 EBDITA MARGIN (%) PAT MARGIN (%) 17.00 7.00 6.37 6.49 6.17 15.73 15.64 15.83 16.00 15.38 6.00 4.87 15.00 5.00 14.00 4.00 13.00 3.00 12.0
Slide 22: Debt Equity, Debt, Working Capital Cycle, ROE
Debt Equity (X) Debt (Rs. Crore) Standalone Consolidated Standalone Consolidated 400 350 1.50 1.28 300 320 288 1.26 295 1.10 280 278 250 0.96 242 200 0.86 0.82 216 0.70 0.66 150 176 0.61 0.43 0.30 100 Mar-11 Mar-12 Mar-13 Sep-13 Mar-11 Mar-12 Mar-13 Sep-13 Working Capital Cycle (days) Return on Equi
Slide 23: Income Statement
Income Statement Financials (Rs in Crores) Q2FY14 Q2FY13 Growth H1 FY14 H1 FY13 Growth Standalone Consolidated Standalone Consolidated Standalone Consolidated Standalone Consolidated Standalone Consolidated Standalone Consolidated Gross Sales 505.19 509.81 414.27 419.65 22% 21% 964.65 974.60 795.41
Slide 24: Shareholding Pattern
Shareholding Pattern As on 30th Sep. 2013 Public / Others NRI's 23.69% 1.31% Promoters FIs / FIIs / 53.51% Mutual Funds 21.49% Equity Shares Outstanding – 73.58 millions 24
Slide 25: Forward looking and cautionary statement
Forward looking and cautionary statement Certain statements in this report concerning our future growth prospects are forward looking statements, which involve a number of risks, and uncertainties that could cause actual results to differ materially from those in such forward looking statements. The
Slide 26: Thank You!
Thank You! Kajaria
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