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Tyre
Cement
Rs. Cr.
Mkt Cap
5,668
Revenue
2,955
Rs. Cr.
Mkt Cap
3,251
Revenue
7,562
Rs. Cr.
Mkt Cap
1,453
Revenue
2,881
Agri Genetics
USD 4 Billion
29 manufacturing plants
Rs. Cr.
Mkt Cap
252
Revenue
186
Rs. Cr.
Revenue
672
Dairy Products
Education
Defence Electronics
(Unlisted Co.)
Clinical
Research
Rs. Cr.
Mkt Cap
Revenue *
202
919
Market Capitalisation (Mkt Cap) is as of 1st Nov, 2016 & Revenue for last FY 2015-16
Slide No.2
1938
1962
1992
2005
2007
2013
First Integrated Pulp & Paper company in India & 3rd Paper Company
in the World to get Award for TPM Excellence First Category from
JIPM
First Paper Mill to get ISO 9001 & ISO 14001. Also obtained OHSAS
18001
Slide No.3
Shareholding Pattern
As on 30th September 2016
Others
including
NRIs
Employee
10.27%
Trusts 7.61%
Promoters
57.74%
Individuals
14.21%
FCCBs Holders
Institutions
10.17%
Slide No.4
Packaging Board
( Amongst top Two
Current Mkt. Share is 14%)
Slide No.5
Strategic location
JKPM located close to raw
material sources
CPM located close to large end
customers & port
4 regional offices
14 warehouses
206 distributors
over 4,000 dealers
UNIT : CPM
Pulp (tpa)
61,000
Paper (tpa)
55,000
Pkg. Boards (tpa) 90,000
UNIT : JKPM
Pulp (tpa)
Paper (tpa)
215,000
291,000
Product Mix
Uncoated paper
Coated Paper
Packaging Board
Saleable Pulp
Total
Slide No.6
2,92,000 MT
54,000 MT
90,000 MT
19,000 MT
4,55,000 MT
218
200
159
150
156
100
75
66
47
50
57
30
29
11
Source : PPI
Global - 2014
Sl.
No
Product
Category
1
2
3
4
Coated
Uncoated
Packaging Board
Tissue
5
6
7
8
Mn
Tons
1
41
64
58
33
%
Share
2
13.2
14.2
13.7
7.7
152
27
33
408
35.7
8.0
7.5
100.0
India 2014-15
CAGR %
last 4 yrs
3
-2.3
0.0
1.6
4.2
Mn
Tons
4
0.7
3.8
3.3
0.1
%
Share
5
4.8
25.9
22.2
0.6
2.8
-5.0
1.6
0.9
3.9
2.6
0.3
14.7
26.5
17.6
2.4
100.0
India 2018-19
CAGR %
last 5 yrs
6
6.7
5.6
9.4
12.0
Mn
Tons
7
0.9
4.8
4.6
0.2
8.0
4.2
7.5
7.0
5.5
2.7
0.5
19.1
CAGR%
4 Years
8
7.0
5.7
9.1
15.5
9.0
1.0
8.0
6.8
Slide No.7
Category
1.0
1.1
1.2
1.3
1.4
1.5
2.0
2.1
2.2
2.3
2.4
2.5
2.6
3.0
4.0
3.0
4.0
5.0
6.0
1
Writing & Printing Paper
Creamwove/Maplitho(LowBright)
Maplitho(HighBright)
Copier
Total Uncoated
CoatedPaper
Total Packaging Paper & Board
RecycledDuplexBoard(Grey/Whiteback)
VirginBoards(FBB/SBS)
Total Packaging Board
HighendKraft(35-45BF)
Medium&LowendKraft(Below35BF)
Total Packaging Papers (Kraft)
Tissue
Other Speciality
SpecialityPapers/Others
TotalPaper&Board
Newsprint
Grand Total
15-16
2
47.7
19.0
14.6
6.6
40.2
7.5
78.8
29.1
6.6
35.7
4.3
38.7
43.1
1.0
3.7
3.7
94.5
26.4
157.6
18-19
3
56.1
21.5
17.6
8.0
47.1
9.1
101.3
36.9
9.6
46.5
6.1
48.7
54.8
1.6
4.7
4.7
115.6
26.9
190.6
CAGR
CAGR
Share of (5 Years) (14-15 to
18-19)
Total
2011-12
(15-16) Base year Industry
4
5
6
30%
5.5%
5.6%
12%
4.1%
4.2%
9%
6.9%
6.3%
4%
6.8%
6.5%
26%
5.5%
5.3%
5%
5.3%
6.7%
50%
9.0%
8.7%
18%
7.9%
8.3%
4%
17.4%
13.0%
23%
9.4%
9.2%
3%
10.5%
12.0%
25%
8.6%
7.9%
27%
8.8%
8.3%
1%
12.0%
15.6%
2%
7.2%
8.3%
2%
7.2%
8.3%
60%
7.0%
7.0%
17%
3.5%
0.7%
100%
7.0%
6.5%
Slide No.8
Demand / Supply
Uncoated Paper (Copier + Maplitho) - Lac MT
10.00
CAGR
2011-16 : 6.7%
2016-21 : 6.3 %
9.00
8.00
9.73
32
9.02
30
28
7.83
26
CAGR
2011-16 : 13.4%
2016-21 : 6.1 %
22.67
24
7.00
22
7.11
20
5.75
6.00
19.88
24.09
22.29
18
17.49
16
5.45
5.00
28.57
14
12
4.00
CAGR
2011-16 : 6.7%
2016-21 : 6.4 %
Market Demand
Potential Supply
10.21
25
8.01
8
6.41
Imports
6
4
2
26.3
17.6
13.8
15
2.85
3.45
20
CAGR
2010-16 : 14%
2016-19 : 11%
10.9
3.45
9.7
10
6.2
0
12-13 13-14 14-15 15-16 16-17 17-18 18-19 19-20 20-21
Source: Company Estimates
5
12-13 13-14 14-15 15-16 16-17 17-18 18-19 19-20 20-21
Slide No.9
ASEAN FTA
DIFFERENCE IN MOP* DOMESTIC vs IMPORTS
% difference of MOP Domestic vis--vis
ASEAN imports
USD @ Rs 67
70
10.7%
9%
11.3%
Rs Thousands
60
4.4%
50
ASEAN (A)
40
Non-ASEAN (NA)
Domestic MOP (D)
30
20
10
0
Copier
Wood Free
Virgin Fibre
Board
Coated Paper
As of October 2016
* MOP - Market Operating Price
Slide No.10
Slide No.11
A4 Cutting Line
Robotic Palletizer
Slide No.12
JKPL Performance
EBITDA (Rs. Crore)
160
25.0%
141
140
20.0%
100
80
93
20
98
45
15.0%
10.0%
77
60
40
102 106
114 117
EBITDA %
120
5.0%
53
0.0%
Q-1 Q-2 Q-3 Q-4 Q-1 Q-2 Q-3 Q-4 Q-1 Q-2
2014-15
EBITDA (Rs. Crore)
2015-16
2016-17
EBITDA %
Note: Current Year FY 2016-17 (Q1 & Q2) is as per Ind AS which is effective from 1st April 2016, so not comparable with previous periods
Slide No.13
JK Paper - Key Financials for Q2 & H1 (FY 2016-17 vs FY 2015-16) Rs. Cr.
6 Months (H1)
2016-17 2015-16
% Growth
Q2
H1
Unit
Sales Volume
MT
1,27,315
14.2
9.9
UncoatedPaper
MT
80,095
69,899 1,52,265
1,39,497
14.6
9.2
CoatedPaper
MT
24,742
18,580
44,738
35,589
33.2
25.7
VirginFibreBoard
MT
22,478
23,031
44,634
44,859
(2.4)
(0.5)
Gross Sales
Rs. Cr.
769 701
1,480 1,384
9.6
6.9
Net Sales
Rs. Cr.
709 620
1,346 1,230
14.2
9.4
EBITDA
Rs. Cr.
141 107
258 210
32.0
23
EBIT
Rs. Cr.
111 78
198 151
42.8
31
PBT
Rs. Cr.
62 26
101 47
141.3
114
PAT
Rs. Cr.
44 18
71 33
144.9
115
2.7%
2.1%
EBITDA Margin
19.9%
17.2%
19.2%
17.0%
Slide No.14
JKPL - Profitability
Rs. Cr.
2013-14
2014-15
2015-16
2016-17
S.N. Description
12 Months 12 Months 12 Month
Q1
Q2
H1
1 Net Sales
1,822
2,260
2,548
637
709
1,346
1.1 Other Operating Income
17
20
33
1
12
13
1.2 Total Income from Operations
1,838
2,280
2,581
638
721
1,359
2 Cost of Materials Consumed
1,079
1,295
1,293
315
327
642
2.1 (Increase)/Decrease in Stock
(58)
(25)
19
(37)
23
(15)
2.2 Power, Fuel & Water
200
211
214
52
53
104
2.3 Excise Duty
100
121
127
31
35
67
2.4 Staff Costs
159
166
182
48
53
101
2.5 Purchase of Traded Goods
93
66
171
68
51
118
2.6 Other Expenditure
142
192
168
48
45
93
2.7 Total Expenses
1,714
2,026
2,175
525
587
1,111
3 Other Income
15
12
15
3
7
11
4 EBITDA
139
266
421
117
141
258
4 Finance Costs
122
204
198
48
49
97
5 PBDT (3 + 4 - 5)
31
63
222
69
92
161
6 Depreciation
122
114
107
30
30
60
7 PBT
(91)
(51)
115
39
62
101
8 PAT
(77)
(13)
80
27
44
71
% to Net Sales
1 Materials Cost (2 + 2.1 + 2.5)
61.2
59.1
58.2
54.1
56.5
55.4
2 Power, Fuel & Water
11.0
9.3
8.4
8.1
7.4
7.8
3 Staff Costs
8.7
7.3
7.2
7.6
7.5
7.5
4 EBITDA
7.6
11.8
16.5
18.3
19.9
19.2
st
Note: Current Year FY 2016-17 (Q1 & Q2) is as per Ind AS which is effective from 1 April 2016, so not comparable with previous periods
Slide No.15
Unit 3
Unit 4
Slide No.16
Rs. / ADMT
10,000
8,000
6,000
4,000
2,000
201011
201112
201213
201314
201415
Q1
201516
Q2
201516
Q3
201516
Q4
201516
Q1
201617
Q2
201617
Hardwood 4,290
5,237
6,558
8,962
9,750
9,242
9,640
9,611
9,093
8,519
9,081
30,000
55,000
25,000
54,000
20,000
53,000
Rs. / M T
Rs. / MT
15,000
10,000
5,000
51,000
50,000
49,000
52,000
Sodium Sulphate
Caustic Lye
Hydrogen Peroxide
48,000
2013-14
2014-15
51,478
Slide No.17
Unit - CPM able to source 100% of its Raw Material from area within a radius of
200 K.M. Reduction in landed cost of raw material by 10.7% in FY 2015-16.
II. At Unit - JKPM focus on plantation within 200km. During FY 14-15 & 15-16, 87%
was planted within 200km (out of around 9000 Ha planted).
7. Total Plantation 17,796 Ha in FY 16 (cumulatively till FY 16 over 1.44 Lac Ha)
8. JK Paper a net green company now i.e. it plants more trees than it uses (planted 8.13
Crore trees in FY 15-16 compared to 7.74 Cr. trees consumed)
Slide No.18
Kwh/MT of Output
1,300
1,200
1,100
1,000
JKPL
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
1,378
1,398
1,250
1,191
1,180
1,153
1,120
1,176
1,161
1106
Kg/MT of Output
1,600
1,400
1,200
1,000
800
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
JKPL 1,488
1,674
1,519
1,457
1,490
1,705
1,615
1,510
1,170
1001
Slide No.19
1500
2.50
1389
1400
1368
1356
1369
2.00
1.90
2.06
1.88
1.53
1287
1300
1.50
1211
1200
1.02
1176
0.81
1.00
0.74
1131
1100
0.50
1000
0.65
86
84
880
80
861
856
860
833
840
64
46
858
820
43
41
40
40
800
777
780
775
775
775
760
20
740
0
720
2010-11 2011-12 2012-13 2013-14 2014-15 2015-16 Q1 2016- Q2 201617
17
Slide No.20
534
538
570
120
481
500
466
468
452
100
80
400
102
87
72
85
73
79
64
55
60
300
40
200
20
100
0
0
2010-11
2011-12
2012-13
2013-14
2014-15
25
20
19
41
19
40
17
15
38
30
10
10
45
50
20
8
20
10
0
2010-11 2011-12 2012-13 2013-14 2014-15 2015-16 Q1 2016- Q2 201617
17
13
15
15
14
Slide No.21
400
3,000
300
Rs. Crore
'000 MT
Volume - '000 MT
500
200
100
-
Capacity
Sales
2,500
2,000
1,500
1,000
2005
150
183
2006
180
197
2010
240
265
3,500
500
2016
455
460
2005
729
3 Times
2006
845
2010
1,300
2016
2,881
4.5 Times
1,000
3,000
800
2,500
R s. Crore
Rs. Crore
4 Times
2,000
1,500
1,000
400
200
500
-
600
2005
1,056
2006
1,168
2010
1,460
2016
3,300
2005
199
2006
362
2010
589
Slide No.22
2016
899
20,000
Started in 1991-92
14,877
15,000
17,536 Ha area
planted in 2015-16
Maximum
Coverage
within 200 km
17,536
10,000
11,803
8,504
6,722
4,247
5,000
FY09-10
FY10-11
FY11-12
FY12-13
FY13-14
FY14-15
FY15-16
Slide No.23
FinancialYear>>>
2012-13
Quantity
2014-15
2015-16
H1
(2016-17)
In MT
1.1 Production
1.2 CapacityUtilisation
1.3 SalesVolume
2 Operating Results
2,90,421
3,98,387
In Rs. Cr.
4,59,977
2,41,637
1,721
1,537
2,515
2,260
2,881
2,548
1,480
1,346
144
95
266
63
421
222
258
161
2.5 Profit/(Loss)BeforeTax(PBT)
37
(51) 115
101
38
(13) 80
71
3.1 EBITDAas%toNetSales
3.2 Equity(NetWorth)-Rs.Cr.
9.4%
11.8%
16.5%
19.2%
872 775 896 955
3.3 ReturnonEquity(ROE)
4.4%
-ve
8.9%
14.8%
Note: Current Year FY 2016-17 (H1) is as per Ind AS which is effective from 1st April 2016, so not comparable with previous periods
Slide No.24
31st March
2014
2015
2016
Rs. Cr.
30th Sep
2016
Total Assets
Net Fixed Assets
CWIP
Investments
3,058
2,897
2,868
2,903
2,465 2,294 2,292 2,377
17 27 20 25
96 28 35 268
Capital Employed
Equity Capital
Reserves
Net Worth
Borrowings
Deferred Tax Liability
472
8
3,058
137
658
795
2,189
74
530
17
2,897
137
638
775
2,089
33
507
15
2,868
149
747
896
1,923
49
Ratios - Times
Net Debt / Equity *
Net Long-term Debt / Equity *
Net Debt / EBITDA *
FACR
2.74
2.47
15.75
1.49
2.67
2.36
7.77
1.49
2.12 1.78
1.97 1.61
4.51 3.29
1.57 1.65
230
3
2,903
149
806
955
1,933
15
*Debtisnetofcash¤tInvestments
Note: Current Year FY 2016-17 (H1) is as per Ind AS which is effective from 1st April 2016, so not comparable with previous periods
Slide No.25
CSR
Livelihood Interventions
1. 87 Self help Groups (SHGs) with over 1000 members stabilised
2. 456 SC & ST youth mobilised and micro enterprises viz., tailoring,
cycle mart etc set up where monthly income is Rs 7500- 10,000.
3. Create demand for govt programs viz., DDU GKY & MUDRA
4.
ITI UKAI upgraded under PPP mode, 2 new KVKs started in
remote villages
Unit JKPM
1. 1st Prize among Pulp and Paper Industries in the
prestigious National Energy Conservation Award 2015
organised by Ministry of Power and Bureau of Energy
Efficiency (BEE)
2. Energy Efficient Unit for Excellence in Energy
Management Award-2015 organized by CII
Livelihood
3. Winner at the prestigious 7th -SRISTI- G- CUBE (Good
Intervention
Green Governance) Award -2015 organised by SRISTI
Infrastructure
Promotion of
Development
Education
publication
CSR
4. Greentech Excellence Gold Award for Outstanding
JK Paper
Gender
Promotion
achievement in Safety Management by Greentech
equality &
of Sports &
Women
Foundation
Games
Empowerm
Health and
ent
5. CSR wing SPARSH bagged Best Performance Award
Family
Welfare
from Honble Minister Higher Education, Science & Education
Technology and Rural Development, Odisha
1. Adult Literacy a long standing program of JKO has enabled 14,259
tribal women become literate
Unit CPM
2. Encouraging Merit & Scholarship amongst tribal students through
1.
Greentech Environment Gold Award 2015 from
free education, tutorial support
Greentech Foundation
Health
2. Best Social Innovative Project Award by 5th World
1. JK Center for Tribal Eye Health in partnership with the LVPEi eye
CSR Congress
2.
3.
Slide No.26
Disclaimer
This presentation (the Presentation), which has been prepared by JK Paper Ltd. (the Company), has been prepared
solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe
for any securities, and shall not form the basis or be relied on in connection with any contract or binding commitment
whatsoever.
This Presentation has been prepared by the Company based on information and data which the Company considers
reliable, but the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be
placed on, the truth, accuracy, completeness, fairness and reasonableness of the contents of this Presentation. This
Presentation may not be all inclusive and may not contain all of the information that you may consider material. Any
liability in respect of the contents of, or any omission from, this Presentation is expressly excluded.
Certain matters discussed in this Presentation may contain statements regarding the Companys market opportunity and
business prospects that are individually and collectively forward looking statements. Such forward looking statements
are not guarantees of future performance and are subject to known and unknown risks, uncertainties and assumptions
that are difficult to predict. These risks and uncertainties include, but are not limited to, the performance of the Indian
economy and of the economies of various international markets, the performance of the paper industry in India and
world-wide, competition, the companys ability to successfully implement its strategy, the Companys future levels of
growth and expansion, technological implementation, changes and advancements, changes in revenue, income or cash
flows, the Companys market preferences and its exposure to market risks, as well as other risks. Company is not
responsible for any third party statements and projections used in this Presentation .
For further information, please speak to Mr. V. Kumaraswamy, Chief Finance Officer, JK Paper Limited at 91-11-23724337.
Email: vkmr@jkmail.com
Slide No.27
THANK YOU
Slide No.28