Crompton Greaves Consumer Electricals Ltd. · NSE:CROMPTON
Crompton Greaves Consumer Electricals — Q4 FY20 Earnings Presentation
12 slides from Crompton Greaves Consumer Electricals's earnings presentation, May 15, 2020
Slide 1: Highlights of Q-4 of FY 2019-20 (exchange cover letter)
Crompton Greaves Consumer Electricals Limited Registered & Corporate Office: Tower 3, 1st Floor, East Wing, Equinox Business Park, LBS Marg, Kurla (West), Mumbai - 400 070.India T: +91 22 6167 8499 F: +91 22 6167 8383 W: www.crompton.co.in CIN: L31900MH2015PLC262254 Date: May 15, 2020 To, To, BSE Li
Slide 2: Information Update – Q4/FY20
Information Update – Q4/FY FY20 May, 2020
Slide 3: Table of Contents
Table of Contents ▪ Covid Impact and Status Update ▪ Key Highlights – Q4 FY 20 ▪ Summary of Q4 Results ▪ Segment Details ▪ Cash Flow highlights ▪ Net Debt ▪ Summary of FY20 Results ▪ Key Financial Ratios
Slide 4: Covid Impact and Status Update
Covid Impact and Status Update • Performance of Jan+Feb 20 was above expectation with ECD growing in high teens, significantly faster than the last few quarters. Lighting too delivered value growth of 4%. • Basis estimate of sales lost due to lockdown, growth in Q-4FY20 would have been much stronger
Slide 5: Key Highlights – Q4 FY20
Key Highlights – Q4 FY20 ▪ ECD Performance (Jan+Feb) o Fans, Domestic Pumps and Appliances drive growth in ECD segment o Fans volume growth at 21% o Appliances witnessed exponential volume growth in geyser (48%) o Domestic Pumps continued it’s volume growth momentum (19%), Agro pump remained under p
Slide 6: Summary of Q4 Results
Summary of Q4 Results Q4 FY20 Q4 FY19 Q3 FY20 Particulars GoLY Rs. Cr Rs. Cr Rs. Cr • Growth momentum of Jan+Feb Net Sales 1,018 1,207 -15.6% 1,071 reversed by lockdown Less: Material Cost 696 833 -16.5% 729 • Margin improvement aided by Material Margin 322 374 -13.8% 342 as a % of Net Sales 31.6% 3
Slide 7: Segment Details
Segment Details Segment Revenue Q4 FY20 Q4 FY19 Q3 FY20 Particulars GoLY Rs. Cr Rs. Cr Rs. Cr Electrical Consumer Durables 741 864 -14% 787 Lighting Products* 277 343 -19% 284 Total Income from Operation 1,018 1,207 -16% 1,071 * Lighting revenue growth (excluding EESL) is 7.5% (Jan+Feb) Segment EBIT
Slide 8: Cash Flow Highlights
Cash Flow Highlights Particulars FY20 FY19 Rs Cr. Rs Cr. Profit before exceptional items and tax 588 562 Adjustments for: Depreciation, Interest and other adjustments 38 59 • Working capital continues to remain negative (Increase) / Decrease in Working Capital -60 -120 Cash from Operation 566 501 Ta
Slide 9: Net Debt
Net Debt As on Mar 20 As on Mar 19 As on Dec 19 Particulars Rs. Crs Rs. Crs Rs. Crs Total Debt* 350 649 350 Less: Cash and Bank 45 141 37 Less: Current Investment 540 530 489 Total Net Debt -235 -22 -177 Net Debt/Equity NA NA NA Net Debt/EBIDTA (Annualised) NA NA NA o Company’s cash conversion cycle
Slide 10: Summary of FY20 Results
Summary of FY20 Results FY20 FY19 Particulars GoLY Rs. Cr Rs. Cr Net Sales 4,512 4,479 0.7% Less: Material Cost 3,065 3,092 -0.9% Material Margin 1,447 1,387 4.3% • Improved mix and cost saving as a % of Net Sales 32.1% 31.0% initiatives aid enhanced material Less: margin Employee Cost 311 292 6.5%
Slide 11: Key Financial Ratios
Key Financial Ratios EBIDTA Margins PBT Margins 13.1% 13.2% 12.5% 13.0% FY19 FY20 FY19 FY20 RoCE RoE 52.4% 45.7% 36.6% 33.7% FY19 FY20 FY19 FY20 FY19 FY20 FY19 FY20
Slide 12: Thank You
Thank You
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