Slide 1: Exchange covering letter for investor presentation
OBL:HO:SEC:00: New Delhi : 23.05.2023 BSE Limited National Stock Exchange of India Ltd. Corporate Relation Department Exchange Plaza, 1st Floor, New Trading Ring Plot No. C/1, G Block, Rotunga BuildingPhiroze Jeejeebhoy Towers Bandra-Kurla Complex, Dalal Street, Bandra (E) Mumbai - 400 001 Mumbai-40
Slide 2: Leaner, Stronger & Future Ready - Investor Presentation Q4FY23 / 12MFY23
Leaner, Stronger & Future Ready Investor Presentation Q4FY23 / 12MFY23
Slide 3: Disclaimer
Disclaimer This presentation may contain certain forward-looking statements relating to Orient Bell Ltd. and its future business, development and economic performance. These statements include descriptions regarding the intent, belief or current expectations of the Company, its subsidiaries and asso
Slide 4: OrientBell Limited - a leading manufacturer of tiles
OrientBell Limited- a leading manufacturer of tiles ▪ Sikandrabad, UP - 14.8 MSM ▪ Hoskote, KAR - 6.6 MSM* ▪ Dora, GUJ - 2.2 MSM# ▪ Morbi, GUJ - 10.0 MSM 5 46 3 State-of-the-art own Facilities 2 AE Facilities +33.6# Years in Ceramics Industry Million sqmt Annual Capacity (including AE) Strong Balanc
Slide 5: Business Environment, Financial & Operational Highlights
Business Environment, Financial & Operational Highlights
Slide 6: Business Environment - Q4FY23
Business Environment- Q4FY23 ▪ Domestic Demand – ▪ Retail demand not as buoyant as is generally expected during the last quarter ▪ Discounting continues by both branded as well as by Morbi ▪ Consumer preference moving towards GVT rapidly ▪ Projects pipeline remains robust though – new home launches
Slide 7: Operational Highlights - 12MFY23
Operational Highlights - 12MFY23 ▪ Strengthen customer-facing teams – 3 New sales branches in FY23. People ▪ L&D to enhance productivity – total training hours ~9400 in FY23. ▪ ESOP extended to key employees. ▪ Premiumization of product portfolio with high – value ceramics & GVT (GVT salience @ 23%)
Slide 8: Consolidated Financial Performance Snapshot
Consolidated Financial Performance Snapshot REVENUE EBITDA PBT Rs. 199.2 Crores Q4 Rs. 14.1 Crores Rs. 8.4 Crores Q4 Q4 3 year CAGR : 16.5% Margin : 7.1% Margin : 4.2% 12M Rs. 699.6 Crores 12M Rs. 52.6 Crores 12M Rs. 29.9 Crores 3 year CAGR : 12.6% Margin : 7.5% Margin : 4.3% PAT Cash Conversion* -
Slide 9: Annual Highlights - Revenues
Annual Highlights - Revenues Own JV + Trading Volume(Lac m2) Revenue (Rs. crores) +17.1% 0.0% +39.9% +7.5% 244.7 244.8 209.1 699.6 650.7 169.9 173.4 140.2 500.0 68.8 74.8 71.3 492.6 440.6 12MFY21 12MFY22 12MFY23 330.5 ASP (Rs. per m2) +8% 290 281 286 210.1 207.0 169.5 284 266 246 +20% 259 12MFY21 12
Slide 10: Annual Highlights - Profitability
Annual Highlights - Profitability EBITDA(Rs. Crores) EBITDA Margin 9.0% 58.7 52.6 37.0 +42% 7.4% 0.1% 7.5% 12MFY21 12MFY22 12MFY23 12MFY21 12MFY22 12MFY23 PBT(Rs. Crores) PBT Margin 5.2% 4.3% 34.0 29.9 2.1% 2.2% +177% 10.8 12MFY21 12MFY22 12MFY23 12MFY21 12MFY22 12MFY23 9 Consolidated Results
Slide 11: Consolidated Abridged Income Statement
Consolidated Abridged Income Statement Quarter Ended 12 Months Ended (Rs. Crore) Q4 FY22 Q4 FY23 Y-o-Y 12M FY22 12M FY23 Y-o-Y Income from Operation 213.8 199.2 -6.8% 650.7 699.6 7.5% Other operating Revenue 2.1 1.1 -50.3% 3.6 5.4 50.2% Revenue from Operations 216.0 200.3 -7.2% 654.3 705.1 7.8% Othe
Slide 12: Consolidated Abridged Balance Sheet
Consolidated Abridged Balance Sheet Year ended Liabilities March 31, 2023 March 31, 2022 (Rs. Crores) Equity Share Capital 14.5 14.4 Other Equity 295.8 270.3 Net Worth 310.2 284.8 Borrowings 1.9 9.4 Trade Payables 115.3 99.7 Other Liabilities 46.9 52.1 Liability for Lease Assets 6.8 6.3 Total Liabil
Slide 13: Strong Debt Profile & Working Capital Cycle
Strong Debt Profile & Working Capital Cycle Working Capital Debt DSO DIO DPO Days Cash Rs 50.9 Rs Crores Net Debt Rs (-) 19.0 25 Cash Rs 41.0 13 18 Net Debt Cash Rs 3.3 Rs (-) 31.6 Net Debt 30 39 29 Rs (-) 1.4 50 31.9 46 43 -63 -54 -64 9.4 1.9 31-Mar-21* 31-Mar-22* 31-Mar-23* 31-Mar-21 31-Mar-22 31-
Slide 14: Company Initiatives
Company Initiatives
Slide 15: Investments in Growth Capex – Continues
Investments in Growth Capex – Continues Capex Value Restart of MF-2 (Ceramic Floor) – 1.1 MSM capacity – Completed in Q3FY21 Rs 5 crores Projects completed to cater to existing Modernization of MP 1 (Ceramic Wall ) – 0.7 MSM capacity, Completed in Q3FY22 Rs <10 crores geographies (North & East) Debo
Slide 16: Dora GVT launch
Dora GVT launch ▪ Van showcased new launches to 200+Channel partners across 150+ cities. ▪ Unique way for the entire store staff to experience them. 15
Slide 17: HSK: 2x2, 2x4 launch
HSK : 2x2, 2x4 launch ▪ New range of 600 x 600 MM and 600 x 1200 Scratch Free Forever Tiles https://www.youtube.com/watch?v=gt61_KFUudw 16
Slide 18: And launching Relevant New Products
And launching Relevant New Products 17
Slide 19: We continued celebrating our unique tiles
We continued celebrating our unique tiles 18
Slide 20: Showing Agility for Planned & Unplanned occasions
Showing Agility for Planned & Unplanned occasions 19
Slide 21: External Awards from Building & Construction fraternity
External Awards from Building & Construction fraternity OBL Connect: An APP that connects Channel Partners to us, won INEX Realty+ Award Brand Of The Year for the 3rd Consecutive year 20
Slide 22: & also Revalidation of our Initiatives by the Experts
& also Revalidation of our Initiatives by the Experts For Digital Transformation & Automation to HR processes 21
Slide 23: Historical Financials
Historical Financials
Slide 24: Historical Annual Performance Trends
Historical Annual Performance Trends Consolidated Figures Revenue (Rs Cr) EBITDA (Rs Cr) PAT (Rs Cr) 32 651 700 59 569 53 23 491 500 39 37 31 9 8 7 FY19 FY20 FY21 FY22 FY23 FY19 FY20 FY21 FY22 FY23 FY19 FY20 FY21 FY22 FY23 Gross Margin* (%) EBITDA Margin (%) PAT Margin (%) 36.2% 35.9% 37.7% 35.2% 34
Slide 25: Consolidated Historical Income Statement
Consolidated Historical Income Statement (Rs Crore) FY19 FY20 FY21 FY22 FY23 Revenue from operation 571.1 492.3 502.5 654.3 705.1 Other Income 1.9 5.3 1.9 3.0 5.4 Cost of Goods Sold 256.7 236.3 238.9 270.4 274.9 Employee Benefit Expense 75.7 73.6 79.2 92.5 100.9 Other Expenses 201.8 156.4 149.2 235.
Slide 26: Consolidated Historical Balance Sheet
Consolidated Historical Balance Sheet (Rs Crore) Mar’19 Mar’20 Mar’21 Mar’22 Mar’23 (Rs Crore) Mar’19 Mar’20 Mar’21 Mar’22 Mar’23 Share Capital 14.2 14.3 14.4 14.4 14.5 Fixed Assets incl. CWIP 239.8 225.5 201.1 203.6 247.8 Reserves 218.3 225.3 234.9 270.3 295.8 Shareholders' Funds 232.6 239.6 249.3
Slide 27: Thank You
Thank You Orient Bell Limited Mr. Himanshu Jindal – CFO Mr. Ashish Kapur – AGM Treasury, Investor Relations & Corporate Finance +91-11-4711-9100 (B) investor@orientbell.com www.orientbell.com 405 A- Wing, Kanakia Wall Street, Andheri (East), Mumbai 400093