Orient Electric Ltd. · NSE:ORIENTELEC
Orient Electric — Q1 FY24 Earnings Presentation
17 slides from Orient Electric's earnings presentation, Aug 2, 2023
Slide 1: Exchange filing cover letter for Investors' Release
August 02, 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 Q1FY24
Earnings Presentation O r i ent E l ec t r i c Li mi ted Q1FY24 August 02, 2023
Slide 3: Performance Highlights
01 Performance Highlights 2
Slide 4: Q1FY24 Snapshot
Q1FY24 Snapshot Healthy business momentum and net cash position Sales ECD Lighting & Switchgear Rs 706cr Rs 515cr Rs 191cr +13.5% YoY +15.6% YoY +8.1% YoY +7.3% QoQ +12.5% QoQ -4.8% QoQ Gross Profit Margin EBITDA Margin PAT Margin Net Cash Position Rs 216cr 30.7% Rs 44cr 6.2% Rs 20cr 2.8% Rs 156cr Y
Slide 5: Q1FY24 Highlights
Q1FY24 Highlights Double-digit growth led by ECD and improving gross margin profile Revenue ▪ Robust revenue growth of 13.5% YoY driven by the ECD portfolio despite headwinds 706 658 622 ▪ Digital Revenue recorded 58% YoY growth 422 ▪ Exports grew by 38% YoY despite geopolitical headwinds in ₹ Cr +1
Slide 6: Q1FY24 Segment Highlights - ECD
Q1FY24 Segment Highlights- ECD Strategic initiatives supporting the performance in fans Revenue ▪ ECD revenue grew by +15.6% YoY to ₹515cr, with broad- based growth across categories 515 458 445 ▪ Fans grew by 16% YoY, volume growth (+10% YoY) led by 324 reduction in the channel inventory and contin
Slide 7: Q1FY24 Segment Highlights - L&S
Q1FY24 Segment Highlights – L&S Resilient growth amidst lower consumer demand and price reductions; B2B trends remain positive Revenue ▪ Lighting and Switchgear reported growth of 8.1% YoY, 200 191 despite lower collections and price reduction in lamps owing 176 to lower cost of DoB technology passe
Slide 8: Business Highlights
Cy; 02 Business Highlights
Slide 9: New Product Launches (1/2)
New Product Launches (1/2) Fans ▪ 15+ New SKUs launched in the quarter ▪ 8 SKUs in Lighting including panels, downlighters, I-Falcon BLDC with Remote wall lights and flexible lights in wide colour range ▪ 6 key SKUs in Water Heater broadening product portfolio ▪ 3 new BLDC fans launched - Ecotech, I
Slide 10: New Product Launches (2/2)
New Product Launches (2/2) Lighting Water Heaters Razor Panel Rainbow Panel-Square Aura Rapid Pro Enamour Classic Neo Prism Surface Orient EVA Flexi Spotlight 9
Slide 11: Strategic Pillars
03 Strategic Pillars
Slide 12: Strategic Growth Drivers
Strategic Growth Drivers Five pillars of value creation Fans Digital • Expanding BLDC product portfolio • Significantly scaling up E-Commerce business across • Continued focus on growing in South India categories • Initiatives in-place to drive overall distribution • Continued adoption of digital to
Slide 13: Financial Summary
04 Financial Summary 12
Slide 14: Q1FY24 - Profit & Loss Statement
Q1FY24 - Profit & Loss Statement Particular (in Rs Crore ) Q1FY23 Q4FY23 Q1FY24 YoY% QoQ% Revenue from Operations 621.6 657.9 705.6 13.5% 7.3% COGS 448.8 471.5 489.3 9.0% 3.8% Gross Profit 172.8 186.4 216.3 25.2% 16.0% Gross Margin % 27.8% 28.3% 30.7% 285bps 232bps Employee Expenses 46.8 45.1 67.1 4
Slide 15: Q1FY24 - Financial Highlights
Q1FY24 - Financial Highlights Financial ratios Q1FY20 Q1FY21 Q1FY22 Q1FY23 Q1FY24 ROCE (pre-tax) 32.9% 17.2% 46.7% 36.0% 19.9% Current Ratio 1.44 1.37 1.57 1.64 1.40 Net Working Capital Days 30 27 31 25 13 Debt-Equity ratio 0.15 0.34 0.04 0.04 0.03 Position as on Jun end (Rs cr) Q1FY20 Q1FY21 Q1FY22
Slide 16: Stock Information
Stock Information Shareholding Pattern – June 30, 2023 Stock Data Public 28.32% Bloomberg Ticker ORIENTEL IN Promoters 38.31% BSE Ticker 541301 NSE Ticker ORIENTELEC Other DIIs 0.96% Market Capitalization (INR Cr.)- June 30, 2023 5,106 No. of Shares Outstanding (Cr.) 21.34 FIIs 5.51% Mutual Funds 26
Slide 17: 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