Orient Electric Ltd. · NSE:ORIENTELEC
Orient Electric — Q2 FY2024 Earnings Presentation
21 slides from Orient Electric's earnings presentation, Nov 3, 2023
Slide 1: Cover letter to stock exchanges
November 03, 2023 Listing Department Department of Corporate Services -Listing National Stock Exchange of India Limited BSE Limited Exchange Plaza, Plot no. C/1, G Block, Phiroze JeeJeebhoy Towers, Bandra-Kurla Complex, Bandra (E), Dalal Street, Mumbai - 400 051 Fort, Mumbai – 400 001 Trading Symbol
Slide 2: Earnings Presentation Q2FY24
O r i ent E l ec t r i c Li mi ted Earnings Presentation Q2FY24 November 03, 2023
Slide 3: Quarterly Highlights
Quarterly. Highlights
Slide 4: Performance Highlights
Performance Highlights Consumer demand remained weak coupled with mild summer and delayed festive season. However, focused business performance resulted in the following.. Healthy growth in Fans and Switchgears Gross margin improvement continued Margin improvement in Lighting and Switchgear Key thru
Slide 5: Progress on Strategic Growth Drivers
Progress on Strategic Growth Drivers …thrust areas driving the performance in the quarter Digital & Large Format Go-To-Market Lighting Cost Savings Retail ➢ Expansion of distribution ➢ Significantly scaling up E- ➢ Continued traction in B2B ➢ Institutionalizing cost footprint, DTM and Commerce and l
Slide 6: Q2FY24 Snapshot
Q2FY24 Snapshot Sales ECD Lighting & Switchgear Rs 567cr Rs 363cr Rs 203cr +11.0% YoY +17.2% YoY +1.4% YoY -19.7% QoQ -29.4% QoQ +6.7% QoQ Gross Profit Margin EBITDA Margin PAT* Margin Net Cash Position Rs 172cr 30.3% Rs 18cr 3.3% Rs 29cr Rs 21cr 3.6% YoY +27.9% +400bps YoY +78.0% +137bps YoY nm +33
Slide 7: Financial Highlights
Financial Highlights Fans and Switchgears driving portfolio sales.. Continued gross margin expansion Revenue growth of 11% YoY driven by fans and switchgears Revenue from the International business doubled during the quarter Gross Margin increased by +400 bps YoY led by better price realisation, cos
Slide 8: Q2FY24 Segment Highlights- ECD
Q2FY24 Segment Highlights- ECD ..healthy growth despite soft demand environment Revenue ▪ ECD revenue grew by +17% YoY to ₹363Cr spearheaded 515 led by fans despite non-peak season and transition of 420 Gujarat to direct-to-market (DTM). 363 +17.2% ₹ Cr 310 YoY ▪ EBIT grew by 116.6% to ₹30Cr with Ma
Slide 9: Q2FY24 Segment Highlights- Lighting & Switchgear
Q2FY24 Segment Highlights- Lighting & Switchgear ..better product mix driving margin expansion Revenue ▪ Lighting and Switchgear reported growth of 1.4% YoY, led 203 201 by Switchgear. 191 +1.4% ▪ EBIT grew by 18.5% to ₹27Cr with Margin at 13.2% +190bps YoY. ₹ Cr YoY 175 ▪ Favourable product mix and
Slide 10: Business Initiatives
Business Initiatives
Slide 11: shop.orientelectric.com
Say Hello to shop.orientelectric.com.. New D2C website launched with a focus on… • Getting closer to our customers • Gathering valuable feedback and insights from our customers • Features: Easy Navigation, Product recommendation Engine, Special Offers, Various payment methods available, Tracking Pag
Slide 12: New Product Launches
New Product Launches ..strengthening appliances portfolio for festive season Air Cooler Water Heaters Induction Cooktop ▪ 17 new products launched Cooksmart ▪ 4 launches in Kitchen Appliances ▪ 3 key launches in Water Heater, including Smartchill Cronos Smart - Extension of Cronos Pro range with IoT
Slide 13: Lightstallations and Festival Packs
Lightstallations and Festival Packs #OrientLightsUpIndia Illuminated landmark buildings and sites across India in Tricolour in celebration Diwali Special Lighting Gift Packs of India’s 77th Independence Day as part of #OrientLightsUpIndia initiative Baroda House, Delhi Rail Bhawan, New Delhi Leh Mai
Slide 14: Advertisement and promotional initiatives
Advertisement and promotional initiatives Presence across online and offline channels TV Digital Digital Offline 13
Slide 15: Projects
Projects Execution of projects Q2 FY23 Kanpur Ganga Barrage Project Puducherry Smart City Dwarkadhish Highway ▪ Kanpur Ganga Barrage Project Q3 FY23 ▪ Puducherry Smart city ▪ Varanasi Cantt. Railway Station Rail Bhawan Ganga Setu Patna Q4 FY23 ▪ Rail Bhawan ▪ Baroda House ▪ Dwarkadhish Highway Bridg
Slide 16: Half-Yearly Summary
Half-Yearly Summary 15
Slide 17: Q2FY24 & H1FY24- Profit & Loss Statement
Q2FY24 & H1FY24- Profit & Loss Statement Particular (in Rs Crore ) Q2FY24 Q1FY24 Q2FY23 YoY% QoQ% H1FY24 H1FY23 YoY Comments Revenue from Operations 566.9 705.6 510.6 11.0% -19.7% 1272.5 1132.2 12.4% COGS 395.2 489.3 376.4 5.0% -19.2% 884.5 825.2 7.2% Gross Profit 171.7 216.3 134.2 27.9% -20.6% 388.
Slide 18: H1FY24- Balance Sheet
H1FY24- Balance Sheet Rs crs Sep 30th, 2022 Mar 31st , 2023 Sep 30th, 2023 ASSETS Fixed Assets & CWIP 147 210 274 Intangible Asset 21 22 19 Financial Asset 18 31 31 Right of Use Asset 69 80 98 Deferred Tax Asset 28 25 27 Other Assets 48 27 47 Total Non-Current Assets 330 395 496 Inventories 291 285
Slide 19: H1FY24 – Key Ratios
H1FY24 – Key Ratios Financial ratios H1FY22 H1FY23 H1FY24 Comments Higher capital employed on due to higher working capital due to ROCE (pre-tax) 45.6% 29.2% 20.7% festive season and Hyderabad capex Current Ratio 1.5 1.6 1.5 Net Working Capital Days 33 22 26 Inventory increase ahead of festive seaso
Slide 20: Stock Information
Stock Information Shareholding Pattern – Sep 30, 2023 Other DIIs, 0.82% FIIs, 5.69% (0.96%) (5.51%) Stock Data Bloomberg Ticker ORIENTEL IN BSE Ticker 541301 Promoters, Mutual Funds, 38.31% NSE Ticker ORIENTELEC 29.16% (26.91%) Market Capitalization (INR Cr.)- Sep 30, 2023 4,732 No. of Shares Outsta
Slide 21: Thank You
THANK Orient Electric Limited CIN : L31100OR2016PLC025892 YOU! Regd. Office: Unit VIII, Plot No.7, Bhoinagar, Bhubaneswar, Odisha 751012 investor@orientelectric.com www.orientelectric.com Follow us DISCLAIMER: Cautionary statement regarding forward-looking statements This presentation may contain ce