Shalimar Paints Ltd · NSE:SHALPAINTS
Shalimar Paints — Q3 FY2021 Earnings Presentation
25 slides from Shalimar Paints's earnings presentation, Feb 10, 2021
Slide 1: Intimation of Investor's Presentation
SHALIMAR PAINTS February 10, 2021 BSE Limited National Stock Exchange of India Ltd Corporate Relationship Department, Exchange Plaza, 5" Floor, 1 Floor, New Trading Ring, , Plot No. C/1, G- Block Rotunda Building, P.J. Towers, Bandra Kurla Complex, Bandra (E), Dalal Street, Fort, Mumbai - 400 001 Mu
Slide 2: Investor Presentation
& SHALIMAR PAINTS Investor Presentation Har Rang Khoobsurat
Slide 3: Disclaimer
Disclaimer Certain statements in this communication may be considered as " forward looking statements “ within the meaning of applicable law and regulations. These forward - looking statements involves a number of risks, uncertainties and other factors that could cause actual results to differ mater
Slide 4: Contents
Contents Company Overview Industry Overview Critical Analysis & Outlook Summary
Slide 5: Company Overview: Snapshot
Company Overview Snapshot Established in Our Network Our Factilities 1902 9300+ 4&1 India's oldest Dealers Factories & Paint Brand R&D centre Production of We make We are EB GIO00KL Decorative Pyeul 500+ People Strong & Industrial of Paint every year Paint
Slide 6: Company Overview: Key Milestones
Company Overview Key Milestones 1928 1963 1989 2003 ' ' 2017 ' : P. Johnson bought control, : Name changed to ; Sold to Jhunjhnuwatas & Acquires the American ' Chennai plant ' 1 became part of Red Hand 1 Shalimer Paints Ltd on 4 OP. Jindal Group for jointly Paints unit in Sikandrabad ' started ; Com
Slide 7: Company Overview: Our Products
} SHALIMAR Company Overview: Our Products PAINTS. Decorative Paints Industrial Paints * An extensive range of decorative and protective paint * Pioneers in Industrial coatings - Introduced notable firsts in products for interior and exterior segments. high performance coatings such as high-build zin
Slide 8: Our Products - Decorative Paints
| Company Overview: Our Products - Decorative Paints Oem Surface Decoration . . W . men Emulsions Distemper Enamel . og Floor Coatings So ne ‘ Finishes Paints Interior Exterior Interior All Surfaces Interior Wood Interior Floors Exterior Exterior Walls ——— — ——— oo surfaces oo Floors — Surface Prepa
Slide 9: Key Projects - Decorative Paints
SHALIMAR Company Overview: Key Projects - Decorative Paints PAINTS Rashtrapati Bhawan, Delhi Howrah Bridge, Kolkata Bestech Group, Gurgaon BHEL Township, Hyderabad _ Indian Institute of Technology, Wave Mall, Ludhiana VBPS, Noida Silchar Airport, Assam Delhi And many more.... 10
Slide 10: Our Products & Key Projects - Industrial Paints
company Overview: Our Products & Key Projects - Industrial Paints & sage Protective Coating Marine Key Projects NTPC IVRCL, Main Plant, Indian Oil Corporation, JSW Energy Ltd., Ratnagiri Grasim Industries Ltd., Allahabad Panipat Pune And many more
Slide 11: Company Overview: Key Customers
© magne |Compa ny Overview: Key Customers We service marquee customers in oil & gas, petrochemicals, fertilizers, steel, power, engineering, shipping and auto- ancillary industries. <f- Uhde @ eESsSsAR EDP JIN DAL ” ecian Ww <5 me TATA St HYUNDAI STEEL & POWER — nee Pun Loyd Ieraamuens TATA STEEL TI
Slide 12: Industry Overview: Demand Drivers - Industrial segment
iM SHALIMAR Industry Overview : Demand Drivers - Industrial segment ‘ } PAINTS. Increased thrust on core infrastructure sl Continued growth in domestic production of (Power, Ports, Oil & automobiles Gas, etc.) to support complemented with demand in this easy availability of auto category loans to su
Slide 13: Industry Overview: Demand Drivers - Decorative segment
Industry Overview: Demand Drivers Decorative segment Rapid urbanization ensuring high rate Easy availability of housing of conversion from lime wash to loans are leading to continued distempers and more to emulsions demand in housing sector | concen southmed green i Increasing urbanization to Repain
Slide 14: Industry Overview: Global Picture
&, SHALIMAR Industry Overview : Global Picture , Se FO PAINTS Global Market Share Asia Pacific Market Share § Asia Pacific EMEA US and Canada Latin America @ China India Japan Korea M® Others __ — — 16 = Se z ’ SS Source: Research reports
Slide 15: Industry Overview: At a Glance
i SHALIMAR Industry Overview : At a Glance ™ f PAINTS. Market share Market size of Growth of paint industry from by category (in %) paint companies (in %) FYO8 to FY20 -10.4 per cent Decorative 7 paints Asian ae, 600 Paints 500 Berger ~ 400 Paints ~~ 300 ~~ 200 Kansal ; Nerolac 100 Industrial Others
Slide 16: Outlook - Key Highlights
} SHALIMAR Critical Analysis & Outlook-Key Highlights PAINTS. Production Growth “33%” Q-3 Company has shown V Shaped EBITDA Growth “25%” FY 21 (Q-O-Q) Recovery in Q-2 and Q-3 FY21 Q-3 FY 21(Q-O-Q) (Other Than Putty) Decorative paints Segment has Industrial Paints segment has ace i )\ e4 ie grown by
Slide 17: Outlook - Past Performance (Year Wise)
Critical Analysis & Outlook- Past Performance(Year Wise) , SHALIMAR PAINTS: Net Sales 344.00 288.00 278.00 Other Income 1.00 2.00 1.00 Total Income 345.00 290.00 279.00 Total Expenditure 377.00 349.00 312.00 EBIT (32.00) (59.00) (33.00) Intrest 20.00 25.00 26.00 Depreciation 11.00 9.00 8.00 Tax (18.
Slide 18: Outlook - Financial Summary (Standalone)
| Critical Analysis & Outlook- Financial Summary Oem Financial Summary : An Overview (Standalone) Teme ecelc) Q3- FY21 Q2- FY21 Q1- FY21 Total Revenue 92.63 77.03 44.93 345.27 COGS 59.06 50.06 31.01 232.28 Employee Expenses 11.96 9.63 9.59 48.68 Other Expenses 15.73 12.62 9.21 96.42 EBITDA 5.88 4.72
Slide 19: Outlook - Financial Summary (Consolidated)
| Critical Analysis & Outlook- Financial Summary nnn Financial Summary : An Overview (Consolidated) Teme ecelc) Q3- FY21 Q2- FY21 Q1- FY21 Total Revenue 92.55 76.95 44.85 344.98 COGS 59.06 50.06 31.01 232.28 Employee Expenses 11.96 9.63 9.59 48.68 Other Expenses 15.73 12.62 9.21 96.42 EBITDA 5.80 4.
Slide 20: Outlook - Sales Analysis
| Critical Analysis & Outlook- Sales Analysis Oem Net Sales (RS. in CR) 94 93 85 32 84 77 45 Ql Q2 Q3 Q4 Ql Q2 Q3 FY 19-20 FY 19-20 FY 19-20 FY 19-20 FY 20-21 FY 20-21 FY 20-21 1. Decrease in Revenue has been recorded due to COVID-19 Pandemic 2. Company has shown the V-Shaped recovery OO LT
Slide 21: Outlook - Sales Analysis - Segment Wise
Critical Analysis & Outlook- Sales Analysis-Segment Wise ©”*" Industrial Sale (Rs. in Cr.) Deco Sale (RS. in CR) 21.78 Apr May Jun Jul Aug Sep Oct Nov Dec Apr May Jun Jul Aug Sep Oct Nov Dec om—2019-20 == 2020-21 em—2019-20 =2020-21 1. Decrease in Industrial Segment’s Revenue has been recorded due t
Slide 22: Outlook - Sales Analysis - Volume Wise
| Critical Analysis & Outlook- Sales Analysis-Volume Wise ®*"" Total Sales Volume (KL) Sales Volume (KL) 11,493 11,1711, 11,471 es 10,188 9,325 9,494 | 5,130 | Ql Q2 Q3 Q4 Ql Q2 Q3 Q4 Ql Q2 Q3 MFY 2019-20 MFY 2020-21 Fy 19-20 Fy19-20 Fy19-20 Fy 19-20 FY 20-21 FY 20-21 FY 20-21 1. Net increase in sal
Slide 23: Outlook - Production Qty. (KL)
Critical Analysis & Outlook- Production Qty. (KL) “o, SHALIMAR * PAINTS. Chennai | 1,363 | 1,859 |-26.68%| 933 46.09% sKBD | 5,167 | 4,633 | 11.53%) 4094 | 26.21% Nasik | 2,637 | 1,572 | 67.75% | 1863 | 41.55% Total Qty.(KL)} 9,167 | 8,064 | 13.68%} 6890 | 33.05%
Slide 24: Summary & Road Ahead
“o, SHALIMAR Summary & Road Ahead Ny PAINTS. Expanding Sales Being Net Positive Controlling Costs Improving Servicing Launching New Products Expenditure on R & D 27
Slide 25: Thank you
Ve ee Thank you