Asian Granito India Limited · NSE:ASIANTILES
Asian Granito India — Q2 FY2022 Earnings Presentation
34 slides from Asian Granito India's earnings presentation, Nov 12, 2021
Slide 1: Cover letter to stock exchanges
eAGl - v-Beautiful l(fe,... - Date: 12.11.2021 To, To, Corporate Relations Department, Corporate Relations Department Bombay Stock Exchange Limited, National Stock Exchange of India Ltd. 2nd Floor, P.J Towers, Exchange Plaza, Dalal Street, Plot No., C/1, G-Block, Mumbai·400 001 Bandra Kurla Complex,
Slide 2: Investor Presentation Q2 FY2022
MAKING LIFE MORE BEAUTIFUL WORLDWIDE Investor Presentation Q2 FY2022 Asian Granito India Ltd.
Slide 3: Table of Content
Table of Content 1 RESULTS SUMMARY Q2FY2022 11 AGL MILESTONES 2 OVERVIEW – TILES, QUARTZ SLABS AND BATHWARE 12 AGL YEARLY CONSOLIDATED FINANCIALS 3 AGL PLANT LOCATIONS 13 AGL – CORPORATE STRUCTURE AND SHAREHOLDING 4 AGL GLOBAL PRESENCE 5 AGL PRODUCT PORTFOLIO 6 AGL MANUFACTURING CAPABILITIES 7 AGL T
Slide 4: Consolidated Results Summary Q2-FY2022
AGL – CONSOLIDATED RESULTS SUMMARY Q2-FY2022 1) The Revenue for the quarter increased to Rs. 376 crores on the back of good volume growth and good market demand. The Company witnessed good demand for its product basket in the domestic market and we believe the demand to stay strong in the coming qua
Slide 5: Consolidated Results Summary Q2-FY2022
AGL – CONSOLIDATED RESULTS SUMMARY Q2-FY2022 9) A new Company, styled as “Gresart Ceramica Private Limited” has been incorporated on 26.10.2021 in Morbi, Rajkot wherein Amazoone Ceramics Limited (material subsidiary of Asian Granito India Ltd. with a shareholding of 95.32%) has subscribed to 5,800 s
Slide 6: Q2FY2022 Consolidated Performance Highlights
Q2FY2022 CONSOLIDATED PERFORMANCE HIGHLIGHTS Sales (Rs. Crores) EBIDTA (Rs. Crores) PAT (Rs. Crores) 375.8 53.8 41.8 344.3 19.8 33.5 Q2FY21 Q2FY22 Q2FY21 Q2FY22 Q2FY21 Q2FY22* * This includes extra-ordinary income from sale of Investment in Astron Paper Limited of Rs. 38.01 crores INVESTORS PRESENTA
Slide 7: 6M-FY2022 Consolidated Performance Highlights
6M-FY2022 CONSOLIDATED PERFORMANCE HIGHLIGHTS Sales (Rs. Crores) EBIDTA (Rs. Crores) PAT (Rs. Crores) 58.4 648.7 62.1 45.2 473.7 12.3 6M-FY2021 6M-FY2022 6M-FY2021 6M-FY2022 6M-FY2021 6M-FY2022* * This includes extra-ordinary income from sale of Investment in Astron Paper Limited of Rs. 38.01 crores
Slide 8: Consolidated Profit & Loss for Q2FY2022
AGL – CONSOLIDATED PROFIT & LOSS FOR Q2FY2022 AGIL Consolidated AGIL Standalone Particulars Rs. In Crs Rs. In Crs Q2FY21 Q2FY22 YoY Q2FY21 Q2FY22 YoY Sales 344.3 375.8 9% 277.6 315.4 14% Other Income 0.4 0.0 0.0 0.0 Total Income from Operations 344.7 375.8 9% 277.7 315.4 14% COGS 217.5 238.9 10% 190
Slide 9: Consolidated Profit & Loss for H1FY2022
AGL – CONSOLIDATED PROFIT & LOSS FOR H1FY2022 AGIL Consolidated AGIL Standalone Particulars Rs. In Crs Rs. In Crs 6M-FY2021 6M-FY2022 YoY 6M-FY2021 6M-FY2022 YoY Sales 473.7 648.7 37% 389.4 552.8 42% Other Income 0.0 0.0 0.0 0.0 Total Income from Operations 473.7 648.7 37% 389.5 552.8 42% COGS 309.0
Slide 10: Consolidated Segmental Performance - Value
AGL – CONSOLIDATED SEGMENTAL PERFORMANCE - VALUE 6M-FY2021 VS 6M-FY2022 (Rs. in Crores) Q2FY2021 VS Q2FY2022 (Rs. in Crores) 400 .0 14.0 25.3 700 .0 12.7 5.0 350 .0 7.9 29.9 600 .0 46.4 4.3 21.8 30.4 16.6 56.8 300 .0 21.0 500 .0 27.8 5.8 250 .0 400 .0 26.6 161.2 283.8 200 .0 163.9 300 .0 226.6 150 .
Slide 11: Consolidated Geographical Performance
AGL – CONSOLIDATED GEOGRAPHICAL PERFORMANCE 6M-FY2021 vs 6M-FY2022 - 12M (%) Q2-FY2021 vs Q2-FY2022 BY GEOGRAPHY (%) 120 120 100 11 9 100 10 9 80 30 80 31 31 30 60 60 28 28 40 32 40 28 20 20 27 33 31 33 0 0 6M-FY2021 6M-FY2022 Q2-FY2021 Q2-FY2022 West South North East West South North East INVESTORS
Slide 12: Consolidated Tiles Revenue Breakup
AGL – CONSOLIDATED TILES REVENUE BREAKUP 6M-FY2021 vs 6M-FY2021 REVENUE BREAK UP OF TILES % Q2-FY2021 vs Q2-FY2022 REVENUE BREAK UP OF TILES % 120 120 100 100 31 32 31 29 80 80 14 13 60 14 17 60 20 19 21 21 40 40 20 20 35 35 34 34 0 0 6M-FY2021 6M-FY2022 Q2-FY2021 Q2-FY2022 GVT Double Charge PVT Cer
Slide 13: Consolidated Exports as Percentage of Sales
AGL - CONSOLIDATED EXPORTS AS PERCENTAGE OF SALES Rs. in Crores Rs. in Crores Exports Total Sales % of Sales Export Sales % of Sales 15.1% 23.8% 10.9% 19.5% 1292.3 14.6% 344.3 375.8 17.6% 273.0 648.7 473.7 195.1 83.2 94.4 52.3 53.2 41.2 FY2021 6M-FY2021 6M-FY2022 Q2 - FY2021 Q1 - FY2022 Q2 - FY2022
Slide 14: Exports Paving the Way
EXPORTS PAVING THE WAY… 1,400 1,292 25.0% 1,187 1,225 Number of Countries exporting 1,200 19.6% 20.0% 120 1,000 100 800 15.0% 100 90 15.1% 78 600 13.1% 80 10.0% 400 60 240 195 155 5.0% 200 40 - 0.0% 20 FY19 FY20 FY21 0 Total Sales Exports % of Sales FY19 FY20 FY21 Asian Granito India Ltd exports spr
Slide 15: Industry Dynamics - India
AGL – INDUSTRY DYNAMICS - INDIA (Rs. In Crores) Tiles Market Quartz Slabs Market Rs. 35,000 Rs. 1,000 Organised Unorganised Organised Unorganised Rs. 15,000 Rs. 20,000 Rs. 800 Rs. 200 Listed Majors Unlisted Listed Majors Unlisted Baba Quartz’ Morbi Morbi & Others Rs. 10,000 Rs. 5,000 Rs. 500 Rs. 300
Slide 16: Industry Dynamics - India
AGL – INDUSTRY DYNAMICS - INDIA Tiles Market Share Percentage Tiles Organised Market Share Percentage Tiles Listed Majors Market Share Percentage ` Nitco Orient 5% Bell AGL 5% Kajaria Organised Unlisted 11% 28% 43% 33% Listed Somany Unorganised Majors 15% Prism 57% 67% Cera 17% 11% Quartz Slabs Mark
Slide 17: Bathware Industry Dynamics - India
AGL - BATHWARE INDUSTRY DYNAMICS - INDIA (SANITARYWARE & C.P. FITTINGS) (Rs. In Crores) AGL Focus Rs. 5,000 + Rs. 9,000 Industry Bathware Market Share Percentage 1. Price Points (Sanitaryware + C.P. Fittings) 2. One stop solution Unorganised 3. Mass Retail Volumes Organised 46% 4. Govt. & Inst. Cont
Slide 18: Plant Locations
AGL – PLANT LOCATIONS Himmatnagar Plant – 1 (Wall) Himmatnagar Plant – 2 (Vitirified) Himmatnagar Plant – 3 Ahmedabad Head Office Mehsana Idar Himmatnagar Head Office Himmatnagar Plant - 4 Morbi Plant - 1 Morbi Plant - 2 Morbi Dholka Dholka Plant - 1 Mehsana Plant - 1 Idar Plant - 1 Morbi Dholka Num
Slide 19: Capacity Expansion
CAPACITY EXPANSION Crystal Ceramics Industries Private Limited (where Asian Granito is holding 70% of equity), has completed 12,000 SQMTS/days of Glazed Vitrified Tiles brown field capacity expansion at its Meshana Plant. This capacity addition has increased total capacity of Crystal Ceramics to 36,
Slide 20: Global Presence
AGL – GLOBAL PRESENCE GLOBAL FOOTPRINTS ACROSS ~ 100 COUNTRIES INVESTORS PRESENTATION 19
Slide 21: Product Portfolio
AGL – PRODUCT PORTFOLIO 1 Glaze Vitrified Tiles 2 Double Charged 3 Polished Vitrified Tiles 4 Ceramic Tiles TILES 1 Multi-Colour Quartz 2 E-Stone 3 Hard Stone 1 Sanitaryware BATHWARE QUARTZ SLAB 2 C.P. Fittings COMPOSITE MARBLE 1 Multi-Colour Marble 2 Nano Crystal Marble 3 Imported Natural Marble 4
Slide 22: Manufacturing Capacities
AGL - MANUFACTURING CAPACITIES Strategic Location Proximity to Raw Material sources and Capacity Per Water Ports for Exports Product Annum Absorption (Million Sq. Mtrs.) Capacity Green Energy Ceramic Wall 5.28 15-18% utilisation at plants – All plants 89% for Q2FY22 based on Gas Ceramic Floor 2.64 1
Slide 23: AGL Today
AGL TODAY Shareholder Value Creation Ranked amongst Exporting in more than the Top Ceramic 100 Tiles Company in countries India World’s Debt to Equity ratio 9* Largest Kiln has improved from State of the Art 2,400+ 1st 0.62 to Manufacturing Facilities across Team Strength in India 0.35** Gujarat Rs.
Slide 24: Reducing Debt Consistently
REDUCING DEBT CONSISTENTLY.. The company has recently completed a Rights issue of Rs. 224.64 Crores. Disinvestment from Aston Paper & Board Mill · Limited, an Associate Company listed on BSE/NSE in which the Company was holding 87,75,000 equity shares (18.87%) in the capacity as one of the promoters
Slide 25: Trend Setter with Many Industry Firsts
AGL-TREND SETTER WITH MANY INDUSTRY ‘FIRST’ INNOVATION IS THE KEY FOR FUTURE GROWTH FIRST TO INTRODUCE 30 MM THICKNESS PIONEER IN BEST INTRODUCE LARGE 450X450 OUTDOOR INTRODUCE SLIMGRES MULTI COLOUR WATER JET FORMAT WALL AND TILE WITH 12MM TILES QUARTZ SLAB TECHNOLOGY VITRIFIED TILES THICKNESS INTRO
Slide 26: Marquee Clientele
•T MARQUEE CLIENTELE OAGl .-v. Beautiful l ife ~ Architect Hafeez Contractor ,~ ... ad@as IT Limit I spvkara L HOSPITAL NEXA Slit 11'1'1 Rs SI t lf' Raymon~ G ~ LODHA Q Bandhan Bank ~ ~ HOUSING ~ d I airtel INVESTORS PRESENTATION 25
Slide 27: Government Projects
,T GOVERNMENT PROJECTS OAGl .-v. Beautiful life ~ • ~ (EIL) ~ ~qHQ'i11 !lrMr.fi{UI AIRPORTSAUTHORITY OF INDIA AHMEDAE.1\.D ' © ftrnt ~mllfum-)!2ror ~ Drlbl M Ir Rall orpornlloo Llmlled B1R£C OR EOF O EHN E _ ......,.INATI NS DHRA PRADESH WAPCO Popularly Known as SSC Board INVESTORS PRESENTATION 26
Slide 28: Change in Business Strategy from B2B to B2C
CHANGE IN BUSINESS STRATEGY FROM B2B TO B2C Mapping Towns with Initiative to increase On time delivery to Focusing on Franchise As part of strategy Key accounts which will population of more than Direct Interaction with customers across the Owned Franchise company have started to further boost compa
Slide 29: Awards & Recognition Through the Years
AWARDS & RECOGNITION THROUGH THE YEARS The Expert’s Choice Award Indian Stonemart Apollo Construction World Fortune India Best Overall Display Annual Awards The Next Fortune 500 India’s Top Challenger Fortune India The Next Fortune 500 ET Industry Leader 2015 2016 2017 2018 2019 2021 Fortune India T
Slide 30: AGL Milestones
AGL - MILESTONES Established Commenced Introduced AGL Group vitrified tiles production of 6-colour Amalgamation Launched Range Launched was facility at composite marble digital tile of Artisique ‘RAINBOW GLITZ’ Sanitaryware incorporated Himmatnagar slabs; New digital printing; Ceramic Pvt & ECO BLAN
Slide 31: Consolidated Financial Overview
AGL - CONSOLIDATED FINANCIAL OVERVIEW Net Revenue (Rs. in Crores) Net Worth (Rs. in Crores) 626.0 1,224.5 1,292.3 1,136.8 1,171.4 1,186.7 517.4 423.4 435.1 451.1 FY2017 FY2018 FY2019 FY2020 FY2021 FY2017 FY2018 FY2019 FY2020 FY2021 EBITDA & EBITDA Margin (%) PAT & PAT Margin (%) 12 4.6 4.4 11.9 160
Slide 32: Consolidated Financial Overview
AGL - CONSOLIDATED FINANCIAL OVERVIEW 250 17.5 16.8 20. 0 500 0.77 0.9 15.0 0.74 0.74 14.0 18. 0 450 0.8 200 16. 0 400 0.62 0.7 14. 0 350 0.46 0.6 150 12. 0 300 0.5 6.9 10. 0 250 0.4 100 8.0 200 6.0 0.3 150 50 4.0 0.2 100 141 144 149 172 184 2.0 50 300 323.1 333.8 320.6 285.6 0.1 0 0.0 0 0 FY2016 FY
Slide 33: Corporate Structure and Shareholding
AGL - CORPORATE STRUCTURE AND SHAREHOLDING Stock Data (As on 11th Nov, 2021) ASIAN GRANITO INDIA LIMITED Market Capitalization (Rs. in Million) 8,143.9 AGL INDUSTRIES AMAZOONE CRYSTAL CERAMIC AGL GLOBAL TRADE LIMITED CERAMICS LIMITED INDUSTRIES PVT PRIVATE LIMITED Shares Outstanding (Million) 34.28
Slide 34: Thank You
THANK YOU Asian Granito India Ltd. Office202, Dev Arc, Opp. Iskcon Temple, S. G. Highway, Ahmedabad - 380015, Gujarat, India. Phone: +91-79-66125500/698,Fax:+91-79-66125600/66058672 E-mail: info@aglasiangranito.com Mr. Kalpesh Thanki – IR Contact: 079-66125500 EXT 610/ ir@aglasiangranito.com S-ANCIA
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