Jindal Stainless Limited · NSE:JSL
Jindal Stainless — Q2 & H1 FY19 Earnings Presentation
17 slides from Jindal Stainless's earnings presentation, Oct 26, 2018
Slide 1: Jindal Stainless exchange filing cover letter
JINDAL STAINLESS October 26, 20 18 BSE Limited National Stock Exchange of India Ltd. Corporate Relationship Department, Exchange Plaza, 5th Floor, I st Floor, New Trading Ring, Plot no. C/1, G Block Rotunda Building, P J Towers, Bandra-Kurla Complex, Bandra (E), Dalal Street, Fort, Mumbai- 400 001 M
Slide 2: Q2 & H1 FY19 Earnings Presentation
Q2 & H1 FY19 Earnings Presentation – October 26, 2018 JINDAL STAINLESS LIMITED
Slide 3: Disclaimer
Disclaimer 2 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 rec
Slide 4: Q2 & H1 FY19 Results Overview
Q2 & H1 FY19 33 Results Overview
Slide 5: Key Financials Highlights – Q2 & H1FY19
Key Financials Highlights – Q2 & H1FY19 4 Net Revenue from operations EBITDA 6,228 606 4,623 507 375 2,608 3,147 3,081 256 231 Q2 FY18 Q1 FY19 Q2 FY19 H1 FY18 H1 FY19 Q2 FY18 Q1 FY19 Q2 FY19 H1 FY18 H1 FY19 Shift (%) QoQ: (2%) YoY: 18% 35% Shift (%) QoQ: (38%) YoY: (10%) 20% PAT 91 69 54 27 -36 Q2 F
Slide 6: Key Operational Update – Q2 & H1FY19
Key Operational Update – Q2 & H1FY19 5 SMS Sales Volume (MT) Thousands 424 346 202 217 207 Q2 FY18 Q1 FY19 Q2 FY19 H1 FY18 H1 FY19 Shift (%) QoQ: (5%) YoY: 2% 22% Sales Composition – Q2 FY19 Sales Composition – H1 FY19 Export Export 18% 21% Domestic Domestic 82% 79%
Slide 7: Key Raw Materials – Price Trend
Key Raw Materials – Price Trend 6 Nickel (USD/MT) 15,106 14,366 13,938 13,794 13,411 12,510 Apr-18 May-18 Jun-18 Jul-18 Aug-18 Sep-18 Note: Average monthly prices; Source: Bloomberg Fe Chrome (INR/ton) 81,000 79,500 78,000 76,200 72,125 70,813 Apr-18 May-18 Jun-18 Jul-18 Aug-18 Sep-18 Note: Average
Slide 8: Q2 FY19 Financial and Operational Discussions
Q2 FY19 Financial and Operational Discussions 7 Net Revenue grows to Rs. 3,081 crore, up 18% Y-o-Y – Sales volume increases by 2% to 206,644 MT – Despite lower production due to a planned maintenance shut down during Q2 FY19, the Company sustained its sales volume growth – Higher realizations assist
Slide 9: H1 FY19 Financial and Operational Discussions
H1 FY19 Financial and Operational Discussions 8 Net Revenue grows to Rs. 6,228 crore, up 35% Y-o-Y – Sales volume increases by 22% to 423,531MT – Despite lower production due to maintenance shut down in Q2 FY19, the Company could maintain healthy sales volume growth – Higher sales volume along with
Slide 10: Management Comment
Management Comment 9 Commenting on the performance, Mr. Abhyuday Jindal, Managing Director, Jindal Stainless Ltd. said: “Our Q2 results are a reflection of the cyclical nature of core sector, including its determinants such as input prices and forex volatility. Our focus is to increase annual produc
Slide 11: Abridged P&L Statement
Abridged P&L Statement 10 YoY YoY Particular (Rs. crore) Q2 FY19 Q2 FY18 H1 FY19 H1 FY18 Change (%) Change (%) Net Revenue from operations 3,081 2,608 18% 6,228 4,623 35% Total Expenditure 3,087 2,588 19% 6,085 4,531 34% EBITDA 231 256 -10% 606 507 20% EBITDA / ton 11,188 12,669 -12% 14,311 14,659 -
Slide 12: Abridged Balance Sheet
Abridged Balance Sheet 11 As at 30th As at 31st As at 30th As at 31st ASSETS (Rs. crore) EQUITY AND LIABILITIES (Rs. crore) Sept. 2018 March 2018 Sept. 2018 March 2018 ASSETS EQUITY AND LIABILITIES 1) Non-current assets (a) Equity Share capital 96 96 (a) Property, Plant & Equipment 6,205 6,124 (b) O
Slide 13: Comfortable Debt Position
Comfortable Debt Position 12 As on As on As on Description - Borrowings Sept. March March 2018 2018 2017 Long term debt 2,401 2,457 3,405 Inter corporate loan from related party 900 900 485 OCRPS* 639 607 - Net Debt/EBITDA Total Long term debt 3,941 3,963 3,890 5.0 Short term borrowing (less than 12
Slide 14: Key Financial Ratios
Key Financial Ratios 13 H1 FY19 FY18 FY17 EBITDA margin (%) 9.7% 11.9% 13.3% PAT Margin (%) 0.9% 3.0% 0.7% Net Debt to Equity 1.9 2.0 3.2 Net Debt to EBITDA 3.3 3.7 5.0 Return on Equity (%) 13.6% 15.5% 3.5% Return on Capital employed (%) 12.2% 11.8% 4.5% Note: 1) H1FY19 figures, except EBITDA and PA
Slide 15: Annexure
Annexure 14
Slide 16: About Us
About Us 15 Jindal Stainless Ltd. (JSL) is amongst the leading stainless steel For further information please contact: manufacturing companies in the world and India's largest stainless steel manufacturer. The Company operates an integrated stainless Goutam Chakraborty / Shreya Sharma steel plant at
Slide 17: Thank You
Thank You 16
Jindal Stainless — Q2 & H1 FY19 Earnings Presentation on 6ix