Pidilite Industries Limited · NSE:PIDILITIND
Pidilite Industries — Q3 FY2019 Earnings Presentation
32 slides from Pidilite Industries's earnings presentation, Jan 24, 2019
Slide 1: Investor Update cover letter to stock exchanges
,46000"likA, Pidilite 24th January, 2019 The Secretary The Secretary BSE Ltd. National Stock Exchange of India Ltd. Corporate Relationship Dept, Exchange Plaza, Plot no. C/1, G Block, 141h floor, P. J Tower, Sandra-Kuria Complex, ❑anal Street, Fort Bandra (E), Mumbai - 400 001 Murnbai - 400 051 Stoc
Slide 2: Investor Update: Quarter and nine months ended December 2018
Pidilite aullding bonds Pidilite Industries Limited Investor Update Quarter and nine months ended December 2018 Financial Highlights Coverage Standalone Consolidated Particulars Quarter Nine Quarter Nine • Financial Highlights Ended Months Ended Months • Business segment wise results Dec’18 Ended De
Slide 3: April – December 2018 performance
April – December 2018 Consolidated Performance as compared to the same period last year: • On a comparable basis*, net sales grew by 19.6% (excluding sales of Cyclo division of Pidilite USA Inc., which was sold by Pidilite USA Inc. in June 2017). • Material cost as a % to net sales is higher by 358
Slide 4: Segment performance and overseas subsidiaries
October - December 2018 • Net sales of Consumer & Bazaar segment grew by 17.3% whereas PBIT of Consumer & Bazaar segment declined by 1.0%. • Net sales of Industrial Products segment grew by 5.8%. PBIT of Industrial products segment declined by 26.0%. April – December 2018 • Net sales* of Consumer &
Slide 5: Overseas and domestic subsidiaries performance
• Sargent Art, a division of Pidilite USA, reported decline in sales and EBITDA for the quarter and YTD mainly due to reduction in demand of products for adult colouring segment. • Pulvitec do Brasil sales for the quarter declined due to competitive pressure in key products. • The subsidiaries in Ba
Slide 6: Standalone Unaudited Financial Results
PIDILITE INDUSTRIES LIMITED REGD. OFFICE : 7th Floor, Regent Chambers, Jamnalal Bajaj Marg, 208, Nariman Point, Mumbai - 400 021 Tel No. 91 22 2835 7000 Fax : 91 22 2835 6007 Email address : investor.relations@pidilite.co.in Website : www.pidilite.com CIN : L24100MH1969PLC014336 STATEMENT OF STANDAL
Slide 7: Standalone Unaudited Segment Information
---- 2 ---- STANDALONE UNAUDITED SEGMENT INFORMATION FOR THE QUARTER AND NINE MONTHS ENDED 31.12.2018 Rs Crores For the Nine Months For the Year For the Quarter ended Sr. Particulars ended ended No. 31.12.2018 30.09.2018 31.12.2017 31.12.2018 31.12.2017 31.03.2018 Unaudited Unaudited Unaudited Unaud
Slide 8: Notes to the Standalone Financial Results
---- 3 ---- Notes to the Standalone Financial Results: 1. The above results have been reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on 23rd January 2019. 2. The Company has opted to publish Standalone as well as Consolidated Financial Results. The Statu
Slide 9: Consolidated Unaudited Financial Results
PIDILITE INDUSTRIES LIMITED REGD. OFFICE : 7th Floor, Regent Chambers, Jamnalal Bajaj Marg, 208, Nariman Point, Mumbai - 400 021 Tel No. 91 22 2835 7000 Fax : 91 22 2835 6007 Email address : investor.relations@pidilite.co.in Website : www.pidilite.com CIN : L24100MH1969PLC014336 STATEMENT OF CONSOLI
Slide 10: Consolidated Unaudited Segment Information
---- 2 ---- CONSOLIDATED UNAUDITED SEGMENT INFORMATION FOR THE QUARTER AND NINE MONTHS ENDED 31.12.2018 Rs Crores For the Nine Months For the Year For the Quarter ended Sr. Particulars ended ended No. 31.12.2018 30.09.2018 31.12.2017 31.12.2018 31.12.2017 31.03.2018 Unaudited Unaudited Unaudited Una
Slide 11: Notes to the Consolidated Financial Results
---- 3 ---- Notes to the Consolidated Financial Results: 1. The above results have been reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on 23rd January 2019. 2. The Company has opted to publish Standalone as well as Consolidated Financial Results. The abo
Slide 12: Q3FY19 Earnings Presentation
Pidilite Pidilite Industries Industries Ltd. Ltd. Q3FY19 Q3FY19 Earnings Earnings Presentation Presentation
Slide 13: Disclaimer
Disclaimer ,I,lowniming, Pidilite This presentation may contain statements which reflect the management’s current views and estimates and could be construed as forward looking statements. The future involves certain risks and uncertainties that could cause actual results to differ materially from th
Slide 14: Financial Highlights
Financial Highlights Financial Highlights
Slide 15: Q3FY19 Earnings Summary
Q3FY19 Earnings Q3FY19 Summary Earnings Summary ** EBITDA ** before non is before EBITDA is operating income non operating income Industries Limited Pidilite Industries Pidilite Limited 4 4
Slide 16: 9MFY19 Earnings Summary
9MFY19 Earnings Summary Aommins,„ Pidilite Net Sales # EBITDA ** PBT PAT Standalone Rs 4,681 Cr Rs 1,035 Cr Rs 1,094 Cr Rs 736 Cr A YoY Growth -0.4% 2.7% Consolidated* Rs 5,404 Cr Rs 1,091 Cr Rs 1,062 Cr Rs 692 Cr YoY Growth # On Comparable basis after reflecting accounting impact of GST (excise dut
Slide 17: Comments on Financial Performance
Comments on Financial Performance ,I,lowniming, Pidilite Standalone • Net Sales grew by 15.6% in Q3. • EBITDA, before non-operating income, at Rs 327 Cr declined by 9.1% in Q3, given the input cost led contraction in gross margins by over 5.5%. Consolidated • Net Sales grew by 19.8% in Q3. • EBITDA,
Slide 18: Q3FY19 Overseas Subsidiaries Performance
Q3FY19 Overseas Subsidiaries Performance Aigoomma Pidilite 40 Sales (in INR Crores) 26.0 25.5 26.7 25.4 24.4 23.2 23.3 21.2 19.5 20 17.7 11.7 10.1 0 North America South America Bangladesh 5.7 6.1 II Egypt I I Thailand UAE Srilanka 2.4 2.6 Others Q3, FY 2017-18 Q3, FY 2018-19 5 4.3 4.0 4 2.8 3 2.2 1.
Slide 19: 9MFY19 Overseas Subsidiaries Performance
9MFY19 Overseas Subsidiaries Performance Aigionmas Pidilite 160 140 Sales (in INR Crores) 120 100 87.3 77.3 74.1 73.6 80 66.3 65.4 67.2 64.9 60 1 01 42.9 45.3 40 20.6 22.5 23.9 28.3 20 6.5 6.7 0 I I North South Bangladesh Egypt Thailand UAE Srilanka Others America America .9M FY 2017-18 .9M FY 2018-
Slide 20: Q3FY19 Domestic Performance
Q3FY19 Domestic Performance ,0•Iimilmt.,, Pidilite 62.2 Sales (in INR Crores) 60 46.6 43.8 40.3 40 18.7 19.4 20 15.3 13.9 12.6 0.0 0 Nina Waterproofing Percept ICA Pidilite Pvt Ltd Cipy Polyurethane Others Systems Pvt Ltd Waterproofing Pvt Ltd Services Ltd Q3, FY 2017-18 Q3, FY 2018-19 8 6.7 7 5.9 6
Slide 21: 9MFY19 Domestic Subsidiaries Performance
9MFY19 Domestic Subsidiaries Performance ,0•Iimilmt.,, Pidilite 200 180 182.0 Sales (in INR Crores) 160 140 127.4 125.2 120 113.3 100 78.9 80 60 49.5 45.2 36.8 39.4 40 20 0.0 0 Nina Waterproofing Percept ICA Pidilite Pvt Ltd Cipy Polyurethane Others Systems Pvt Ltd Waterproofing Pvt Ltd Services Ltd
Slide 22: Company Overview
Company Overview Company Overview
Slide 23: Company Overview
Company Overview A osioni Pidilite . Brand established in 1959. 8 Regional offices with 23 plants and Pioneer in Consumer and 23 co-makers in India Specialty Chemicals Adhesives & sealants, • International manufacturing facilities in USA, Thailand, Dubai, construction chemicals, art & Brazil, Egypt,
Slide 24: Industry Segment Composition
Industry Segment Composition ,40mmits, Pidilite Industrial Resins (5%) Pigment & Preparation ON \• */ .-Others (1%) Industrial Adhesives (4%) Art/Craft Materials & Others [9%} IP • .II A / 15% N C&B 84% Construction/ • Paint Chemicals (2 0 °A) Adhesives & • Sealants (55%) C&B - Consumer & Bazaar, IP
Slide 25: 5-Year Performance by Business Segments
5-Year Performance by Business Segments ,0•Iimilmt.,, Pidilite Numbers represent Percentage of Total Sales Consumer and Bazaar Products Industrial Products IP includes Others also 85% 20% 19% 84% 84% 84% 18% 18% 17% 83% 83% 16% 16% 16% 82% 82% 81% 14% 81% 12% 80% 79% 10% 2013-14 2014-15 2015-16 2016
Slide 26: Domestic Presence – India operations
Domestic Presence – India operations A•iiiimins,,,, Pidilite • 5200+ SKUs of 500+ products • 4,900+ distributors • Gross Turnover (domestic) of Rs. 5,382 Cr • 27 warehouses for FY18 • 8 regional offices & RDCs • plants, Co-makers Pidilite Industries Limited 15
Slide 27: Global Presence
Global Presence ,0•01•423., Pidilite • Exports to more than 80 countries. Major exports to Middle East, Africa, USA & Europe. • Export Turnover of Rs. 519 Cr in FY18. • 18 Overseas subsidiaries - 6 Direct and 12 Step down. 1 Joint Venture. • Total revenue from Overseas subsidiaries of Rs. 491 Cr in
Slide 28: Marketing/ Advertising
Marketing/ Advertising Pidilite • Consistent and effective brand building activities across various categories (a) Consumer Adhesives & Sealants (b) Craftsmen Adhesives (c) Waterproofing Chemicals (d) Hobby & Craft Colours • Several of the brands are well-known in respective categories (Fevicol, Fev
Slide 29: Shareholding Pattern as of December 31, 2018
•■ ■ Shareholding Pattern as of December 31, 2018 11.44% 4.09% Pidilite Industries Limited 14.71% 69.76% Promoters Mutual Funds FPIs Others ,I,lowniming, Pidilite 18
Slide 30: Share Price Movement
Share Price Movement ,0•Iimilmt.,, Pidilite Pidilite Sensex 145 135 125 115 105 95 85 75 Dec-17 Jan-18 Feb-18 Mar-18 Apr-18 May-18 Jun-18 Jul-18 Aug-18 Sep-18 Oct-18 Nov-18 Dec-18 Rebased to 100 Pidilite Industries Limited 19
Slide 31: Backed by consistent dividend payouts
Backed by consistent dividend payouts ,0•Iimilmt.,, Pidilite 50% 40% 38.4% 34.1% 34.4% 33.1% 33.8% 30% 20% 10% 0% FY14 FY15 FY16 FY17 FY18 Note : The company transitioned into IND AS from 01.04.2015 Pidilite Industries Limited 20
Slide 32: Investor Contacts
Investor Contacts ,oilommits..„ Pidilite e Investor Relations - investor.relations@pidilite.co.in Manisha Shetty, Additional Company Secretary Ramkrishna Mandir Road, Off Mathuradas Vasanji Road, Pidilite Andheri (E), Mumbai - 400 059. Phone : +91 22 67697000 CIN : L24100MH1969PLC014336 Fax : +91 22
Pidilite Industries — Q3 FY2019 Earnings Presentation on 6ix