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oanSmall Ideas. Big Revolutions."Leave this world better than you found it."Founder - Bhavarial H. Jain (1937 - 2016)JISL/SEC/2022/05/B-2/B-630" May, 2022To, Bombay Stock Exchange Ltd.,Corporate Relationship Department,1st Floor, New Trading Wing, Rotunda Building, P. J. Tower, Dalal Street,Mumbai - 400 001.Fax No.022— 22723121/22722037(Day)To,National Stock Exchange of India Ltd.,Exchange Plaza, C-1, Block G,Bandra Kurla Complex,022-22721072 (Night)Email: corp.relations@bseindia.comBandra (East),Mumbai - 400 051.Fax No. : 022-26598237/38Email : cc@nse.co.inRef: Code No. 500219 (BSE) & JISLUALEQS (NSE) for Ordinary Equity SharesCode No. 570004 (BSE) & JISLDVREQS (NSE) for DVR Equity SharesSub: Investor CommunicationDear Sir/Madam,Attached is the Investor Communication issued by the Companyon 30" May, 2022 for your record and reference.after the Board MeetingPlease receive the above in order and acknowledge.Thanking you,Yours faithfully,For Jain Irrigation Systems Ltd.(GEEA. V. GhodgaonkarCompany SecretaryTel:Regd. Off.: Jain Plastic Park, P.O. Box: 72, N.H. No. 6, Jalgaon - 425 001. India. 91-257-2258011; Fax: 91-257-2258111; E-mail: jisI@jains.com; Visit us at: www.jains.comCIN:L29120MH1986PLC042028Hoheld
—\SODRIPIRRIGATIONoo *o 3§eo*2o«o“bisoLJoa SPRINKLERIRRIGATIONGREENPLASTICSHEETS.TISSUE CULTUREPLANTS.& NURSERYheDYSOLAR PUMPINGSYSTEMS &SOLUTIONS.FRUITPROCESSING wyO JPGJain IrrigationSmall4Q & 12M FY21-22INVESTORCOMMUNICATION—aD SsPVC PIPES &FITTINGSPE PIPES &cerenaeFAT INSHOUSEaaBES FyINTEGRATEDDRINKING WATERSOLUTIONS.YCONTROLLEDAGRICULTURE &Ideas.SystemsQNONION\& VEGETABLESLtd.Big Revolutions?’PROCESSIKSPICE PROCESSINGSOCIAL INITMLATIVES.
The journey of Jain Irrigation Systems Ltd. started with ayoung boy who wanted to excel at his studies, even if itmeant studying under the only lamp in his village. Hisdetermination an ideas revolutionalised the face of theagricultural industry in India and in turn, he wasrecognised globally for his work.But more than recognition, it was his devotion to do goodfor the society that gained him the affection of millions.In no time, our founder chairman, Late Mr. Bhavarlal Jainbecame ‘Bhau’ (brother) for all those who worked withhim. His journey became an inspiration and his legacy laidthe foundation of JISL.Bhau nurtured every member of JISL in such a way thatthey adapted these values as their own with the samecommitment and passion. To the point that the lesson ofunity runs in the DNA of the organisation and eachmember of JISL is its proud guardian. Across geographies,JISL leadership and management team is experiencedwith an established track record over decades.Fortune magazine hailed JISL as the only Indian Companyin the top 51 companies who change the world by ‘DoingWell by Doing Good’. Even when we’ve come so far, all theservices and achievements of JISL are direct outcomes ofthis deep-rooted value. The principles of staying andworking as one aren’t just things that we write on thewall.They’re commitments held by every associate,stakeholder partner and farmer. They’re tenets that havestood true through time and have been shared betweengenerations. They’re values that live in the stories of theassociates of JISL.
BAGSAbout the CompanyJainSmall1963Incorporated inStarted our tradingbusiness in agriculturalinputs and equipmenti1 9 86Company has 2910,555 manufacturing plantsDealers and distributors 8.omnFarmer lives have beentouched*"Rs 71.2 bnRevenuesO JANJain Irrigation Systems Sy,Micro-irrigation companygloballyahcountriesreached through ourproducts12,200Micro-irrigation companyin Indiav#9base globally120 in 2021-22%weLtd.Irrigation Systems Ltd.ldeas. Big Revolutions?In mango processinggloballyIn tissue cultureproduction ofbanana andAssociates globallypomegranategloballyTouching lives in more ways than one 44 DRIPIRRIGATION - -4 SPRINKLER IRRIGATION II1 4 -- 4 —-— PROTECTED CULTIVATION PLUMBING SYSTEMS x x * 1 %e* x TISSUECULTURE — PLASTIC PRODUCTS— 4 4 — 11 PVC PIPES & FITTINGS, 4 44 44FOOD PROCESSING CtySee- 4 44 4RENEWABLE ENERGY 4 4 4 —4 - SERVICES 4
Corporate Philosophy BAGSJainSmallLeave this world better than you found itVisionEstablish leadership in whatever we do at home & abroadServe & strive through strain & stress; Do our noblest, that’s successGoalSealeQuality perspectiveAchieve continued growth through sustained innovation for total customer satisfaction and fair returnto all other stakeholders. Meet this objective by producing quality products at optimum cost andmarketing them at reasonable pricesToil and sweat to manage our resources (men, material and money) in an integrated, efficient,economic & sustained manner. Earn profit, keeping in view commitment to society and environmentMake qualitya way of lifeExperience: ‘Work is life, life is work’Company manifesto “More crop, per drop” now anational visionIrrigation Systems Ltd.ldeas. Big Revolutions?
Business Segments BAGSJainSmallHi-tech Agri InputProducts Division(MIS & TC)Plastic Division(PVC, PE Pipes & Sheet) Drip & Sprinkler SystemsPrecision Farming Advisorym 15tin India and 2"4 Globally Wide distribution presence —over 8,626 dealers / distributorsin India and internationally R&Dbase in India, Israel, USA Globally No. 1 in Banana &Pomegranate Tissue CultureOther Division /DivisionProducts Fruit pulps, concentrates,m One of the largest players Globally No 1 in MangoIndustrial & Infrastructuralcustomer basem Manufacturing base in India,Israel, Turkey, USA, LatinAmerica and EuropeAgro Processing PVC Pipes, fittings,Polyethylene Pipes TurnkeyProjects, PVC Sheets Catering to Agricultural,Irrigation Systems Ltd.ldeas. Big Revolutionsvegetable dehydrations, spiceprocessing, etc.processing and No. 3 in Oniondehydrations Catering to top global foodcompaniesm Manufacturing primarily drivenfrom India Forayed into Retail in FY16m Forayed into urban markets byintroducing plumbing systemsm Manufacturing in India, UK andUSAm@ Other division includes:o Solar Thermal Products, SolarPhotovoltaic Grid & Off-GridProductso Solar Power generationinvestments to reduce cost ofpowero Agri R&D activities Moved most of the PlasticSheet Business to Ireland,closer to customer base -4-4SPRINKLER IRRIGATION -- -- t t DRIP IRRIGATIONPLUMBINGSYSTEMSxxxTISSUE CULTUREINR 41.6 Bn (58.4%)*-ttt -Ht“eo p?-t-t t SERVICEStht 4444 FOOD PROCESSINGWi t t 4 RENEWABLE ENERGYPVC PIPES GFITINGSINR 14.6 Bn (20.5%)*INR 14.8 Bn (20.8%)*1 Audited consolidated revenue and % of total operating revenue for fiscal year 2021-22INR 0.2Bn (0.3%)*
Global recognition and quality BAGSHonored with numerous awards for contribution to agricultureThe Nation honored our Founder Chairman Late ShriBhavarlal H. Jain with 'Padmashree' for services in theAgricultureTechnology SectorScience&JainSmall@ “Crawford Reid Memorial Award”Irrigation Association, USAm@ “Padmashree” to ChairmanScience & Engineering (Government of India)m “Water Conserver of India”UNESCO & West-Netm@ “Challengers to the world’s leading blue-chip companies”Standard & Poor’sm “Asia’s 200 Best Under a Billion companies”Forbes Asia “100 most promising clean technology companies on the planet”Global Cleantech & The Guardian@ “Client Leadership Award” (World Bank Group)International Finance Corporationm@ “We owe you a great deal for the help you give the small farmerHarvard Business Schoolm “Best Water Company Award”Ministry of Water Resources &Water Digest, UNESCO “Boldness in Business Award’”—EnvironmentFinancial Times & Arcelor Mittal, LondonWater m “New Sustainability Champion’—Oneof the 16 from 1000 companies# “Inclusive Agri Business Leadership Award”Globally & Nationally RankingIrrigation Systems Ltd.ldeas. Big Revolutions?World Economic ForumInternational Finance Corporation(World Bank Group)Till date we have received 45 State, 222 National, 14 International and17 Awards for R&D, Quality, Innovative Product development, Fair Business Practices, SustainabilityExcellence and outstanding Exports
JAASand quality certificationJainSmallIrrigation Systemsldeas. 4BRCessea)BRC (British Retail Consortium)ISO 14001System) & Onion & Vegetable Dehydration Unit-JalgaonOHSAS 18001& Vadodarae Fruit Processing Unit, Jalgaon, Chittoor UnitsISO 50001SGF (SURE-GLOBAL-FAIR)ISO 14064 : 2006(GHG Management System)e All India Plastic & Food OperationsHALAL (Halal India Pvt. Ltd., Chennai) Onion & Vegetable Dehydration Unit, Jalgaon& VadodaraKOSHERe Onion & Vegetable Dehydration Unit, Jalgaon& Vadodarae Fruit Processing Unit, Jalgaon & Chittoor Unit Fruit Processing Unit, Jalgaon, Chittoor Units1821&2Indonesia, LPPOM)RSPORSPO: 2015(Quality Management System) Aiddns &\ Sonering resS0e Agriculture DivisionNPOP/NAB/002 .Global G.A.P.Ingy,Organic Certificate Fruit Processing Unit, Jalgaoneo%, e,GLOBALG.A.P.O SIRES GAP MIS Division Solar Division PFS Division7ma Sheet Division Pipe Division Tissue Culture DivisionCertificatee Onion & Vegetable Dehydration Unit, Jalgaon& VadodaraRoundtable on Sustainable Palm OiTaleoa ta 4ISO 9001: 2011(Energy Management System) &e Fruit Processing Unit,Jalgaon & Chittoor Unit 2 Onion & Vegetable Dehydration Unit, Jalgaone Fruit Processing Unit, Jalgaon: 2007 (Occupational Health &Safety Management System) All India Plastic & Food Operations1&2HALAL (Majelis Ulama: 2015 (Environment Management SEDEX Membershipe Food Park, Jalgaon & VadodaraBigLtd.Revolutions*
2 SS,Brand Equity GlobalOSASmallldeas. Jain Irrigation Systems Ltd.Small Ideas. Big Revolutions. JAINMICRO IRRIGATION SYSTEMS AND EQUIPMENT - MORE CROP PER DROP /» JainDrip A ine dainSprinklersMore Crop Per Drop JainRainportMore Crop Per Drop GaussQuick ConnectMore Crop Per Drop AcutainrinklersSince 1936FP. issuecontrol MIN IREIGATIONiJAIN IRRIGATIONJain"Better Yield - Greater Profits.SmartCleanMore Crop Pet Drop”GreomaseaaySp,Jario kitAutomatic Screen FilterODJain’Better Yield - Greater Profits.AGL PL RESENSE5More Crop Per p rop NURRESOURCE.UTRRE i Rsem.R%RE»JAIN IRRIGATIONMoeI“gsee EXCELRcAoteoartranri-Irrigation, LLCWeertyarnNAANDANJAIN,ADANJMore Crop Per Drop SetwaterPAZPLASTIC PRODUCTS - YOUR LIFELINE TO PROSPERITY . Jain ,,OouainiPipesVou Lisintereowye Your PELifelinePipesto Prosperity.” %eGeen eo" msJain’Column PipeYour\dain” — JainSolarYJyotLifeline to Prosperity.”JainPhingOTJains.Pipecasing!Your Lifeline to Prosperity Jain”SolarPumpInstall Peace of Mind!Beune B-SUREwweffB SUREwywei”be Sorry!Better B-Sure, NeverAoGeewooeeesJain liita traiSohtonstemsieeJainPV PanelsFOOD PRODUCTS - YOUR RECEIPE FOR GREAT TASTEcitsWWKEANepeeGPhanKhus!shiva aempReeSLEAFORDQuality FoodaUCf‘NNOVALWwih orSamruddhiii MillsNuCedarCedar Milare exteran ony cattedBigRevolutions?
4Q & 12M- Highlightssag PENSSmallldeas.Hi-tech Agri Input Division (Hi-Tech)e Hi-tech Agri Input Products registered growth of 20.9% YoY on consolidated basis and 19.9% on standalone basis in FY22e Strong order book position of INR 20,284 mn Increase in EBIDTA margin by 930 basis (Standalone) and 550 basis (Consolidated) on YoY basis for FY22Plastic Division (Plastic) Plastic Division registered growth of 37.7% YoY on consolidated basis and 43% on standalone basis in FY22 Strong growth in business on back of subdued seasonal demand on of INR 6,928 mne Unabated volatility in raw material prices impacting marginsAgro Processing Division (Agro) Continued growth in revenuee Strong order book position of INR 9,362 mne Increase in EBIDTA margin by 740 basis (Consolidated) on YoY basis for FY22Way forwarde Focus on completion of pending EPC projects Further improvement in working capital Stabilization of operationsBigRevolutions?
Key datesAccount eligible to be upgraded2023» Reference date— June 7, 2019» Cut-off date (COD)— June 30, 2019» Lender-wise 10% of principal debt limit to berepaid by March 25, 2023 making the account»Effective Date — March 25, 2022Residual / Sustainable debtBroad Contoursof the ResolutionPlan Residual debt under the plan is estimated basisthe expected cashflows from future business anddrawing power as on March 2020 Residual term debt to be repaid by FY 2026Funded»Interest Term Loan (FITL)Interest moratorium on all facilities (exceptbalance debt) for a period of 21 months fromCOD i.e. until March 31, 2021by Marcheligible for upgradationTreatment of balance debt» Conversion into NCDs and ECB balance debtto be redeemed by FY 2028» Redemption to be linked with the recovery ofelongated receivablesUpfront equity allotment to lenders 16% of present share capital base of JISLi.e. 7,89,54908 shares to be allotted to thelenders Fair Value as on March 25,2022 is INR 320 Cr
0204Going ConcernWithdrawal of Going Concernqualification by the Auditors‘restores Company's credibilityImplementation —a significantmilestone on thepath to growthReducedBurden01Brings certainty to thestakeholders and the prospectsof the companyImprovedRelease of NFBlimitsInterestReduced immediate interestburden by 40% and longerrepayment tenure secured (up toFY28)ConvictionBusinessEfforts on BusinessDevelopment and GrowthAdditional liquidity from releaseof INR03limitFocus300 Cr non-fund-based05
Rs. recognition of financial liability/ InterestCost accrued during the earlier period but since4,017then waived as per Resolution Plan in India and4,195Ind AS 109.To be amortised over the tenure of the NCDs/Overseas Bond Restructuring respectivelyRecognition of Fair Value Gain on NCDs/ ECBsbearing coupon of 0.01% in accordance withECBs on fair value basis at the end of eachreporting period.Recognition of Fair Value gain on embeddedImpact of ative assets pursuant to BondRestructuringRecognition of gain fromliability under cash tenderoffered on Face ValueRecognition of Fair Valueallotted to the Lenders inrepayment of bondoffer and discountof Equity sharesaccordance with IndAS 109(955)(570)(1,525)2,9552,9395,894One Time Restructuring Charge in relation toDebt Restructuring in India and BondRestructuring.
reInterestFacilityRs. MnOutstandiMarch 31,2022.Repayment Schedulery23 Fvo4a Fva5 ev2e 741762762797278732732766Fv27 Fv28-Identified Sources forrepayment-Internal Accruals ofExisting Debt & ItsRepayment —Standalone 1%1,28310,3221,766-1,766- 1,812---8,932-the company--1,391From the collection ofIdentified OverdueReceivables and cashflow of the 1,391In addition to above, available Working Capital Limit of INR 15,400 mn (revolving in nature)
StandaloneinanciaPerformance:4QFY22Rs. Mn8,3957,4851,0221,1263,031-2223,435215Rs. 441,447“ from continuing operation
StandaloneRs. lPerformance:FY22Rs. 178“ from continuing operation
Standalone RevenuePaoRs. 54.0%16.3%5.8%35.8%12.2%Rs. MnConsolidated Revenue“SegmentOverview:Q4 FY22AgriInputsHitechPlastic32,031Total20,836 dAgro/FooOthr .7%50.1%28116.2%6.1%“ from continuing operationExports from IndiaearAgriin putsHitechPlasticAgro/FoodTotalterme 5705821,0202,173Rs. MnGrowth23.0%112.3%102.7%75.0%
a wy)Standalone 3.5%-48-18.2%3,80613.5%28,192 Hitech �� cPlasti dAgro/FooOtherTotalsay menRs. Mn4155914,56514,839(233714,19530.7%Pao 712620.9%43.0%24.4%28.5%25.6%Rs. Mn17.4%8481,5465.8%10.4%934413.1%“ from continuing operationExports from IndiaHitechAgriinputs Plastic 8 8 8 Agro/Food TotalRs. Mn2,0251,8493,0306904a 19.9%105.7%53.0%51.1%
StandaloneRs. MnOrder Book Position14,4706,02820,503Order BookPosition :4Q FY 22ConsolidatedRs. MnOrder Book Position20,2846,2769,36235,928
Standalone10%Ne“40%\RevenueOverviewQ4 FY22 Hi-TechPlasticsOtherm DomesticExportConsolidated”0%20%—22%60%\NSm@ Hi-TechPlastics Agro“ from continuing operationOther IndiaRest of World
StandaloneN Hi-TechPlasticsOtherm 21%——,20%62%\Nem@ Hi-TechPlastics Agro“ from continuing operationOther IndiaRest of World
StandaloneDSO Mar 31, 2022DSO Dec 31, 2021DSO Mar 31, 21252110251314119269350128370447Working CapitalAnalysisConsolidatedDSO Mar 31, 2022DSO Dec 31, 2021DSO Mar 31, 202110814420011 66119723574196121120185132123205134160233
Rs. BnDebt ProfileEi EeL ebt Position 6% of gross debt (standalone) & 48% of gross debt (consolidated) is in foreign currency as of March 31, 2022
Meet this objective by producing quality products at optimum cost and marketing them at reasonable prices Toil and sweat to manage our resources (men, material and money) in an integrated, efficient, . Strong growth in business on back of subdued seasonal demand on of INR 6,928 mn e Unabated volatility in raw material prices impacting .
