Jain Irrigation Systems Limited

10%

ies of the associates of JISL. 2 Highlights    Growth in consolidated annual income of 10% and net profit of 15%.The growth made possible mainly by good performance in the first three quart

15%

of JISL. 2 Highlights    Growth in consolidated annual income of 10% and net profit of 15%.The growth made possible mainly by good performance in the first three quarters Growth in overse

16%

quarters Growth in overseas business more than domestic business JFFFL (Food Business) achieves 16% growth in revenue and better profits in India compared to earlier year  Higher EBITDA margins in

17%

l working capital Effective rate of Income Tax is higher for FY 19,leading to a decline in PAT of 17% on y-o-y basis in standalone, though PBT is higher by 11% Way Forward    As regards the

11%

for FY 19,leading to a decline in PAT of 17% on y-o-y basis in standalone, though PBT is higher by 11% Way Forward    As regards the debt, the Board has resolved to bring down the debt of the

Rs 20 billion

ebt, the Board has resolved to bring down the debt of the Company and its subsidiaries by at least Rs 20 billion over a period of 12 to 24 months. This would include a mix of corporate actions of demerger, dives

Rs 51,520

guide us through this process by September 2019 Focus on implementation of existing order book of Rs 51,520 mn while bringing down receivables Company to focus on overseas orders of MIS and Plastics which a

21.8%

281 27,478 4,314 927 1,797          EBIDTA Margin for Q4 FY19 stood at 21.8% PAT lower due to higher effective tax in FY 19, as compared to MAT in FY 18 PBT lower by 14% t

14%

21.8% PAT lower due to higher effective tax in FY 19, as compared to MAT in FY 18 PBT lower by 14% to Rs 1,436 mn Finance Cost decreased by 16.6% to Rs 713 mn Depreciation decreased by 22.3% to

Rs 1,436

PAT lower due to higher effective tax in FY 19, as compared to MAT in FY 18 PBT lower by 14% to Rs 1,436 mn Finance Cost decreased by 16.6% to Rs 713 mn Depreciation decreased by 22.3% to Rs 381 mn

16.6%

in FY 19, as compared to MAT in FY 18 PBT lower by 14% to Rs 1,436 mn Finance Cost decreased by 16.6% to Rs 713 mn Depreciation decreased by 22.3% to Rs 381 mn EBIDTA Margin for Q4 FY19 stood at

Rs 713

as compared to MAT in FY 18 PBT lower by 14% to Rs 1,436 mn Finance Cost decreased by 16.6% to Rs 713 mn Depreciation decreased by 22.3% to Rs 381 mn EBIDTA Margin for Q4 FY19 stood at 16.9% PAT

“Mn Growth y-o-y -54.6% 49.1% 13.4% -9.7% Revenue 8,407 4,623 315 13,346 Revenue 14,291 5,551 5,365 625 25,831 Q4 FY19 480 366 1,627 2,473  In Q4, growth lower than expectations due to purchase deferral by end users and delay in project business of plastic products.”

“Mn Retail Project Domestic Total Export Total Q4FY19 Q4FY18 FY 19 FY 18 4,087 3,502 7,589 479 8,069 4,818 2,793 7,611 1,057 8,667 12,843 8,264 21,107 2,653 13,542 4,976 18,518 3,351 23,760 21,869 MIS –Receivables Rs.”

“Subsidy Project Export Total 1,961 4,157 3,090 1,408 10,616 1,358 4,018 3,891 2,119 11,387 1,761 4,050 4,514 3,004 13,329 1,868 4,077 7,481 2,814 16,240 12 Debt Position Standalone Long Term Short Term Gross Debt Net Debt Consolidated Long Term Short Term Gross Debt Net Debt Mar 31, 2019 Dec 31, 2018 Change QoQ Mar 31, 2018 Rs.”

“The project is based on "Resource To Root" concept pioneered by Jain Irrigation, which fulfils both the objectives of PMKSY ( Pradhan Mantri Krishi Sinchai Yojna) i.e.”

“This project is based on unique concept of integrated Lift cum Drip irrigation project which is incorporated on such a large scale in canal command areas.”

“This project is basically planned for improving water use efficiency in canal command areas through conduit distribution and use of Drip Irrigation system from main canal onwards.”

“Stated outlay of the project is INR 584 crores.”

“ Jain Irrigation, Inc., acquires smart irrigation pioneer ETwater: o The acquisition will expand ETwater efficiencies throughout the U.S.”

“ETwater patented technology integrates data science, machine learning and predictive analytics about weather forecast and environmental variables to automatically, optimally adjust site-specific irrigation schedules.”

“Project is financed by EXIM Bank of India under Gov.”

Performance

2

Overview

2

Overview

2

Position

1

Performance

Q4 FY19 Standalone Rs. Mn Revenue EBIDTA PAT Cash PAT Q4FY19 Q4FY18 13,346 15,497 2,907 823 1,205 3,008 1,594 2,085 Consolidated Rs. Mn Revenue EBIDTA PAT Cash PAT Q4FY19 Q4FY18 25,831 4,364 562 1,281 27,478 4,314 927 1,797          EBIDTA Margin for Q4 FY19 stood at 21.8% PAT lower due to higher effective tax in FY 19, as compared to MAT in FY 18 PBT lower by 14% to Rs 1,436 mn Finance Cost decreased by 16.6% to Rs 713 mn Depreciation decreased by 22.3% to Rs 381 mn EBIDTA Margin for Q4 FY19 stood at 16.9% PAT decreased by 39.4% due to forex translation impact Finance Cost decreased by 14.9% to Rs 1,129 mn Depreciation decreased by 17.3% to Rs 720 mn 4 Financial

Performance

FY19 Standalone Rs. Mn Revenue^ EBIDTA PAT Cash PAT FY19 FY18 44,428 8,505 2,345 4,071 42,131 7,597 2,811 4,713 Consolidated Rs. Mn Revenue^ EBIDTA PAT Cash PAT FY19 FY18 85,769 12,577 2,542 5,671 78,955 11,520 2,213 5,599           Positive revenue growth EBIDTA Margin for FY 19 stood at 19.1% PAT decreased by 16.6% due to higher tax rate Finance Cost increased by 12.3% to Rs 3,099 mn Depreciation decreased by 9.3% to Rs 1,726 mn Positive revenue growth EBIDTA Margin for FY19 stood at 14.6% PAT grew by 14.9% Finance Cost increased by 7.3% to Rs 5,137 mn Depreciation decreased by 9.3% to Rs 3,129 mn 5 Segment

Overview

Q4 FY19 Standalone Revenue Hi-tech Agri Inputs Plastic Other Total Consolidated Revenue Hi-tech Agri Inputs Plastic Agro Other Total Exports from India Hi-tech Agri Inputs Plastic Agro Total Rs. Mn Growth y-o-y -5.5% -27.2% 24.6% -13.9% Rs. Mn Growth y-o-y -2.2% -20.3% 5.5% -23.0% -6.0% Rs. Mn Growth y-o-y -54.6% 49.1% 13.4% -9.7% Revenue 8,407 4,623 315 13,346 Revenue 14,291 5,551 5,365 625 25,831 Q4 FY19 480 366 1,627 2,473  In Q4, growth lower than expectations due to purchase deferral by end users and delay in project business of plastic products.  Consolidated revenue sequentially higher by 26.7% at Rs. 25,831 mn  Exports from India at 15% of the India revenue 6 Segment

Overview

FY19 Standalone Revenue Hi-tech Agri Inputs Plastic Other Total Consolidated Revenue Hi-tech Agri Inputs Plastic Agro Other Total Exports from India Hi-tech Agri Inputs Plastic Agro Total Revenue 25,166 18,354 908 44,428 Revenue 44,239 21,307 18,392 1,831 85,769 FY19 2,653 1,742 4,508 8,904 Rs. Mn Growth y-o-y 8.2% 4.2% -28.1% 4.5% Rs. Mn Growth y-o-y 8.1% 6.9% 16.0% -18.2% 8.6% Rs. Mn Growth y-o-y -20.8% 23.6% 6.3% -1.1%  Overall growth in the year, despite under- performance in Q4  Foods Subsidiary growth higher in overseas  Exports from India at 17% of the India revenue  Hedging of forex risk has been favorable 7 Order Book

Position

FY 19 Standalone Rs. Mn Hi-tech Agri Inputs Plastic Other Total Order Book Position 23,288 9,879 483 33,650 Consolidated Rs. Mn Order Book Position Hi-tech Agri Inputs Plastic Agro Other Total 28,624 10,157 11,566 1,173 51,520 8 Standalone 2% 36% 62% 6% 94% Hi-Tech Plastics Other Domestic Export Revenue

Overview

Q4 FY19 Consolidated 2% 21% 22% 55% 47% 53% Hi-Tech Plastics Agro Other India Rest of World 9 Standalone 3% 26% 10% 70% 90% Hi-Tech Plastics Other Domestic Export Revenue