Orient Electric Ltd. · NSE:ORIENTELEC
Orient Electric — Q4 FY2023 Earnings Presentation
18 slides from Orient Electric's earnings presentation, May 12, 2023
Slide 1: Exchange filing cover letter
May 12, 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: ORI
Slide 2: Earnings Presentation Q4FY23 & FY23
Earnings Presentation Orient Electric Limited Q4FY23 & FY23
Slide 3: Table of Content
Table of Content 01 Q4FY23 Snapshot 02 Lighting and Switchgear driving the portfolio growth 03 Q4FY23 Highlights 04 Segment Highlights - L&S 05 Segment Highlights – ECD 06 Strategic Growth Drivers 07 New Product Launch 08 Promotions and Advertisement Campaigns 09 Awards and Recognitions 10 Q4FY23/FY
Slide 4: Q4FY23 Snapshot
Q4FY23 Snapshot Strong growth in Lighting & Switchgear. Strengthening net cash position Sales ECD Lighting & Switchgear Rs 658cr Rs 458cr Rs 200cr -12.7% YoY -20.3% YoY +11.8% YoY -11.0% QoQ -15.1% QoQ flat QoQ +5.3% 3Y CAGR +0.2% 3Y CAGR +22.6% 3Y CAGR Gross Profit EBITDA PAT Net Cash Position Rs 1
Slide 5: Lighting and Switchgear driving the portfolio growth
Lighting and Switchgear driving the portfolio growth FY21 Sales Split FY23 Sales Split Share of Lighting and Switchgear in the portfolio +5ppt Lighting & Switchgear Lighting & 26% Switchgear 31% ECD ECD 74% 69% ✓ Market leading growth in the category with CAGR 22.4% in the last two years ✓ Increased
Slide 6: Q4FY23 Highlights
Q4FY23 Highlights Lighting & Switchgear outperforms in the quarter ▪ Q4 revenue at Rs 658cr de-grew by 12.7% YoY due to Q4 FY23 Revenue muted demand trends in the ECD segment, offset by outperformance in Lighting & switchgear 3Y CAGR 5.3% 5Y CAGR 1.1% 802 753 ▪ Strong momentum in Lighting and Switch
Slide 7: Q4FY23 Segment Highlights – Lighting & Switchgear
Q4FY23 Segment Highlights – Lighting & Switchgear Consistent and robust growth. B2B sustains high growth Q4 FY23 Revenue ▪ Lighting and Switchgear revenue up 11.8% YoY 3Y CAGR 22.6% ▪ Strong value growth in B2C driven by C-Lum 5Y CAGR 9.4% 200 162 156 179 ▪ Consistent, strong growth across B2B and C
Slide 8: Q4FY23 Segment Highlights- ECD
Q4FY23 Segment Highlights- ECD Fans mirror industry trends; Strong growth in Air coolers and Water heaters Q4 FY23 Revenue 3Y CAGR 0.2% 646 ▪ ECD revenue was Rs 458cr in Q4FY23,-20.3% YoY and - 5Y CAGR 13.6% 574 15.1% QoQ with lackluster consumer demand 455 -20.3% 458 ▪ Fans saw high channel stockin
Slide 9: Strategic Growth Drivers
Strategic Growth Drivers Five pillars of value creation Go-to-market Digital Fans • Significantly scale up E-Commerce business across • Ramp up investment in building focus product segments categories especially Appliances • Initiatives in-place to drive overall distribution expansion and • Continue
Slide 10: New Product Launch - Cloud
New Product Launch - Cloud 3 Advanced Cloud-Chill technology that brings down the temperature by up to 12 degrees* 5 blades, aerodynamically Fragrance designed for higher air thrust & delivery Sleek, portable & 4.5-litre tank capacity for easy advanced design refill & maintenance that lasts around 8
Slide 11: Promotions & Advertisement Campaigns
Promotions & Advertisement Campaigns ▪ Wide Range of BLDC fans in market across price segments ▪ Strongly supported by Marketing to gain market leading position in this segment ▪ Launch of new campaign “Orient BLDC Ghoomega Toh India Jhoomega” in 6 languages for Pan India appeal Hindi Tamil *YouTube
Slide 12: Awards and Recognitions
Awards and Recognitions 4th time for Most Trusted Brand Retains Status Great Place To Work! of India 2023 India’s Superbrand! 11
Slide 13: Q4FY23 & FY23 - Profit & Loss Statement
Q4FY23 & FY23 - Profit & Loss Statement Particular (in Rs Crore ) Q4FY23 Q4FY22 YoY % Q3FY23 QoQ% FY23 FY22 YoY Revenue from Operations 658 753 -12.7% 739 -11.0% 2529 2448 3.3% COGS 471 544 -13.3% 528 -10.6% 1824 1767 3.3% Gross Profit 186 210 -11.1% 212 -11.8% 705 682 3.4% Gross Margin % 28.3% 27.8
Slide 14: FY23 Snapshot
FY23 Snapshot Strengthening Net Cash position Sales ECD Lighting & Switchgear Rs 2,529cr Rs 1,752cr Rs 777cr +3.3% YoY -2.6% YoY +19.8% YoY +7.0% 3Y CAGR +5.5% 3Y CAGR +10.9% 3Y CAGR Gross Profit EBITDA PAT Net Cash Position Rs 705cr Rs 151cr Rs 76cr Rs 154cr +3.4% YoY -34.7% YoY -39.8% YoY +13.5% Y
Slide 15: FY23 – Financial Highlights
FY23 – Financial Highlights Financial ratios FY20 FY21 FY22 FY23 ROCE (pre-tax) 30.6% 38.8% 34.2% 20.9% Current Ratio 1.32 1.37 1.56 1.46 Net Working Capital (in days) 47 11 28 24 Debt-Equity ratio 0.27 0.03 0.03 0.02 Position as on March end (Rs cr) FY20 FY21 FY22 FY23 Cash 7 258 151 164 Borrowings
Slide 16: FY23 – Balance Sheet
FY23 – Balance Sheet Particular (Rs in Crore ) FY23 FY22 Particular (Rs in Crore ) FY23 FY22 Equities & Liabilities Assets Equity and Share Capital 21.28 21.22 Non-Current Assets Other Equity 563.36 520.09 Property, Plant and Equipment 127.18 142.39 Total Equity 584.64 541.31 Capital work in progres
Slide 17: Stock Information
Stock Information Shareholding Pattern – March 31, 2023 Stock Data Public Bloomberg Ticker ORIENTEL IN 28.24% Promoters BSE Ticker ORIENTELEC 38.41% Other DIIs NSE Ticker ORIENTELEC 1.07% Market Capitalization (INR Cr.)- March 31, 2023 5,750 No. of Shares Outstanding (Cr.) 21.28 FIIs Mutual Funds 5.
Slide 18: Orient Electric Limited
Orient Electric Limited CIN : L31100OR2016PLC025892 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 certain forwa