Sirca Paints India Ltd. · NSE:SIRCA
Sirca Paints India — Q4 FY2024 Earnings Presentation
32 slides from Sirca Paints India's earnings presentation, May 19, 2024
Slide 1: Submission of Investor Presentation (cover letter)
May 19, 2024 To, To, The Managing Director The General Manager National Stock Exchange of India Limited BSE Limited Exchange Plaza, 5th Floor, Plot No. C/1 Department of Corporate Services G-Block, Bandra-Kurla Complex, Bandra (E) Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai-400051 Mumbai - 40000
Slide 2: Earnings Presentation
if NSE: SIRCA | BSE: 543686 | Bloomberg: SIRCA:IN CIN: L24219DL2006PLC145092 Sirca> WOOD COATINGS (ITALY) EARNINGS PRESENTATION O
Slide 3: Company Profile
COMPANY PROFILE EARNINGS PRESENTATION @6o
Slide 4: Introduction
INTRODUCTION — Sirca Paints India Limited (SPIL) is a leading manufacturer of wood coating products in India, with a history spanning two decades. Offering premium quality wood finishes under brands like 'Sirea' and 'Unico’, SPIL caters to the emerging aesthetic needs of the furnishing market. With
Slide 5: MOU Announcement
MOU ANNOUNCEMENT -— O le p | Sirca? Figs \ Product exports to over 80 { countries, establishing SPIL as \’ aglobal brand. The arrangement spans six months, establishing a joint venture company in a ratio of 51:49, ie., 51 (SPIL) and 49 (Oikos). Sirca> "WOOD COATINGS (TALY) eee _--».. SPIL embarks on
Slide 6: SPIL at a Glance
Sirca® SPIL AT A GLANCE EXCLUSIVE LICENSEE | Of Globally Established ‘Sirca’ brand for India, Nepal, Bangladesh and Sri Lanka H pe MARKET LEADER i y Among the Top 3 Premium wood Bin! ® coatings brand in India Market Leader in North india | my | OEM VENDOR | Preferred OEM Vendor ori its way to become
Slide 7: Value Proposition
VALUE PROPOSITION The promise and quality of ‘Made in Italy’ blended with innovation, research and development to provide the most sophisticated and customized products and services in the paints industry. Verhice per le Premium Italian Wood qo Coatings Metal Coatings Glass Coatings EARNINGS PRESENT
Slide 8: Value Proposition: Product Portfolio Expansion
gw Sitca? VALUE PROPOSITION Recent Additions to our Product Portfolio Expansion WOOD COATINGS MASS MARKET RANGE '® Nitrocellulose (NC), Melamine, PU Coatings and Thinners © Hygiene Plus Additives WALL PAINTS & OTHERS © OIKOS Portfolio (Decorative, Solid Colour Finishes, and Texture Coatings) ‘© Dura
Slide 9: Brand Portfolio
BRAND PORTFOLIO Sirca | Unico © Luxury Italian Wood Coatings ‘© Mass-market Wood Coatings © High-end Wall Paints H products OIKOS ® Colour Finishes and Texture DuranteVivan Coatings High-end © Adhesives Product Portfolio Decorative, Solid * Includes India, Bangladesh, Nepal and Sri Lanka EARNINGS PR
Slide 10: Sirca's Footprint
SIRCA’S FOOTPRINT JAGADHARI MOHALI KARNAL eee RAI & SOMIPAT ——_ DELHI DEHRADUN SILLIGURI NAGPUR - RAIPUR MumBal CHENNAL THRISSUR Dealers & Distributors Branches & Depot Manufacturing Facilities 27 Sirca Studios KEY @ Branches @ EXPORT MARKETS (f&) @ Manufacturing Facilities B) @ Sirca Studios EARNIN
Slide 11: Customer Segments
CUSTOMER SEGMENTS Revenue = Contribution Revenue Ze ) ~30 Yo Contribution Ge Aggressively growing 2,346 Distribution Network APPROACH with 2,346* nodes © Dealing in Premium products. GROWTH STRATEGY © Chain of studios being opened across India, currently 27 studios & 11 branches are operational. (©
Slide 12: Manufacturing Facilities
Sirca® MANUFACTURING FACILITIES COMMISSIONED In Nov’2019, Sirca commissioned a manufacturing facility for Nitrocellulose, Melamine, Economical PU products, and PU thinner at Sonipat (NCR) COMMISSIONED WALL PAINT & WALL PUTTY MANUFACTURING In QIFY21 the company shifted it’s wall paint manufacturing u
Slide 13: Marketing and Promotional Activities
MARKETING AND PROMOTIONAL ACTIVITIES Pyaar Ke Panchhi - TV Commercial Click to meet Lolly and Dolly! PYAAR we: PANCHHI Click to meet Bala and Bindu! PYAAR xz? PANCHHI CONNECTING | ENCOURAGING | BRANDING EARNINGS PRESENTATION @6@ sircapaints.com
Slide 14: Marketing and Promotional Activities: India Wood Exhibition
@ Sirca> MARKETING AND PROMOTIONAL ACTIVITIES India Wood Exhibition Banglore EARNINGS PRESENTATION @6@ sircapaints.com
Slide 15: Jashn-e-Rang Contractor's Meet
Jashn-e-Rang Contractor’s Meet EARNINGS PRESENTATION sircapaints.com
Slide 16: Newly Launched Experience Center on MG Road
Newly Launched Experience Center on MG Road Vm mwa | Mad C1po8 Aled EARNINGS PRESENTATION sircapaints.com
Slide 17: Marketing and Promotional Activities
MARKETING AND PROMOTIONAL ACTIVITIES ~1,330+ shop boards installed for enhanced visibility. Refreshed brand positioning as “Your Italian Autograph”. EARNINGS PRESENTATION @@G@ sircapaints.com
Slide 18: Contractor Loyalty Program
Sirca> WOOD COATINGS ATALY CONTRACTOR LOYALTY PROGRAM Sirca Parivaar 2.0 - App Update Enhanced Version of Sirca Parivaar App R H The main objective of this app is to automate the & ~3,300 H process of loyalty program and streamline the process Average Daily Users j of rewards and redemption. ~24,750
Slide 19: Board of Directors
BOARD OF DIRECTORS Mr. Sanjay Agarwal CHAIRMAN AND MANAGING DIRECTOR Mr. Agarwal is one of the co-founders of Sirca Paints India Limited, he has been working the Paints & Coatings industry for more than two decades. Under his able leadership, Sirca has risen the ranks as one of the most prominent br
Slide 20: Board of Directors
B Sirca> BOARD OF DIRECTORS Mr. Shyam Lal Goyal NON-EXECUTIVE & INDEPENDENT DIRECTOR Mr. Goyal was the Audit and Finance Advisor at Ghazanfar Bank. He leads each firm’s lines of business - Banking Sector and FMCG industries in an expeditious manner. He holds experience of over 30 years and has held
Slide 21: Financial Summary
Sirca> SY FINANCIAL SUMMARY EARNINGS PRESENTATION Oo sircapaints.com
Slide 22: Profit & Loss Summary
Sirca> @ SY FINANCIAL SUMMARY WOOD COATINGS (TTALY) SY PROFIT & LOSS SUMMARY (€ in crores) PARTICULARS FY23 FY22 FY21 FY20 Revenue from Operations 267.75 200.02 143.18 135.05 Total Income 272.59 204.43 157.32 140.66 Total Operating Expenses 206.03 162.27 121.37 103.26 EBITDA (Excluding Ol) 61.71 37.
Slide 23: Balance Sheet Summary
Sirca> g SY FINANCIAL SUMMARY SY BALANCE SHEET SUMMARY PARTICULARS Shareholders Fund Non Current Liabilities Current Liabilities Trade Payables Total Non Current Assets Current Assets Inventories Trade Receivables Total WOOD COATINGS ATALY) (@ in crores) FY23 FY22 FY21 FY20 265.53 225.15 201.60 184.
Slide 24: Cash Flow Summary
Sirca> g SY FINANCIAL SUMMARY SY CASH FLOW SUMMARY PARTICULARS Cash from Operating Activities Cash from Investing Activities Cash from Financing Activities Net Cash Flow Net Cash at Beginning of Year Net Cash at End of Year W000 COATINGS BTALY) (@ in crores) FY23 FY22 FY21 FY20 -18.69 35.16 19.24 -7
Slide 25: Q4FY24 Result Discussion
Sitca? Q4FY24RESULT . DISCUSSION © <= I EARNINGSPRESENTATION GOGH Sir capaints.com
Slide 26: Q4FY24 Result Discussion: Double Digit Growth
Sirca> @ Q4FY24 RESULT DISCUSSION ‘WodD Commas eraim), DOUBLE DIGIT GROWTH, COMING ON HIGH BASE OF PREVIOUS YEAR DS. 82.63 16.25 12.51 Q4FY23 QAFY24 Q4FY23 QA4AFY24 Q4FY23 QAFY24 Revenue from : Operations EBITDA PAT (All Values in & crores) EARNINGS PRESENTATION Oo sircapaints.com
Slide 27: Profit & Loss Summary Q4FY24
Sirca> g Q4FY24 RESULT DISCUSSION PROFIT & LOSS SUMMARY Standalone W000 COATINGS BTALY) (@ in crores) PARTICULARS Q3FY24 Q4FY23 YoY % Q0Q% Revenue from Operations 72.49 68.27 21.0 14.0 Total Income T4A2 69.40 224 14.3 Total Operating Expenses $8.72 55.15 20.4 13.0 EBIDTA (Excluding Ol) 13.77 13.12 2
Slide 28: Management Commentary
Q4FY24 RESULT DISCUSSION MANAGEMENT COMMENTARY © Sirca Paints has started FY 25 on a solid growth trajectory. Company has clocked in its highest ever revenue in a Qtr. which generally is the slowest qtr. © The company has reported healthy growth of 21% on YoY basis in revenue from 68.27 crores in FY
Slide 29: Management Commentary: Business Update
Sirca> Q4FY24 RESULT DISCUSSION ne MANAGEMENT COMMENTARY = BUSINESS UPDATE O OIKOS distribution is ramping up pretty fast in the market and we are looking at healthy growth in demand of OIKOS high end products. MOU signed with OIKOS for manufacturing high end wall paints shaping up well as per expec
Slide 30: Acrylic WB Range and New Stain Chart
Q4FY24 RESULT DISCUSSION ACRYLIC WB RANGE NEW STAIN CHART EARNINGS PRESENTATION Oo sircapaints.com
Slide 31: Connect Us
¥ CONNECT US =all Sircad. = ‘Nooo coxmas ean)” TNVESFLY Hira Kumar Ipvinder Singh COMPANY SECRETARY AND COMPLIANCE OFFICER Invesfly Private Limited Sirca Paints India Limited info@invesfly.in 9015059001 cs@sircapaints.com EARNINGS PRESENTATION ee sircapaints.com
Slide 32: Disclaimer
Sirca> WOOD COATINGS ATALY) DISCLAIMER No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Such information and opinions are in all ev