Apollo Pipes Ltd. · NSE:APOLLOPIPE
Apollo Pipes — Q1 FY25 Earnings Presentation
37 slides from Apollo Pipes's earnings presentation, Jul 29, 2024
Slide 1: Exchange filing cover letter
July 29, 2024 The National Stock Exchange of India Department of Corporate Services/Listing Limited BSE Limited Exchange Plaza”, 5 Floor, th Phiroze Jeejeebhoy Towers, Plot No. C/1, G Block, Dalal Street, Fort, Bandra-Kurla Complex, Bandra (East), Mumbai – 400 001 Mumbai – 400 051 SCRIP Code: 531761
Slide 2: Q1FY25 Earnings Presentation
APOLLO PIPES LTD. Q1FY25 EARNINGS PRESENTATION July 2024 www.apollopipes.com 1
Slide 3: Safe harbour
Safe harbour Except for the historical information contained herein, statements in this presentation and the subsequent discussions, which include words or phrases such as "will", "aim", "will likely result", "would", "believe", "may", "expect", "will continue", "anticipate", "estimate", "intend", "
Slide 4: Table of Content
Table of Content 1 Apollo Pipes Overview 2 Growth Levers 3 Macro-Growth Drivers 4 5 6 www.apollopipes.com Future 5 Year Financial Q1FY25 Outlook Highlights Highlights 3
Slide 5: Company Overview
www.apollopipes.com COMPANY OVERVIEW 4
Slide 6: Apollo Pipes at a Glance
Apollo Pipes at a Glance Amongst the Top 7 leading PVC pipe 2,16,000 Ton 8 1,000+ manufactures in India Capacity Manufacturing Plants Channel Partners 15% 22% 20% www.apollopipes.com 2,600+ 5-year Sales Volume 5-year Revenue 5-year EBITDA SKU’s CAGR CAGR CAGR 5
Slide 7: Q1FY25 at a Glance
Q1FY25 AT A GLANCE ₹308.5 Cr 26,562 MT ₹29.0 Cr 9.4% Sales Volume EBITDA EBITDA Margin Revenue 25% YoY increase 11% YoY increase 66bps YoY decline 19% YoY increase 24% QoQ increase 14% QoQ increase 55bps QoQ decline 21% QoQ increase ₹12.5 Cr ₹22.4Cr 10.1% 6.4% PAT Cash Profit *ROCE in FY24 *ROE in F
Slide 8: Apollo Pipes at a Glance - Key Focus Areas
Apollo Pipes at a Glance Agriculture Segment Water Management Construction Segment Oil & Gas Segment Telecom Ducting Segment • Casing pipes • Hot & cold potable water • Sanitation & Sewage pipes Conveying edible oils and • Drip irrigation & distribution & transportation • Plumbing Pipes chemicals &
Slide 9: Product Portfolio
Product Portfolio Diversified Basket of 2,600+ Products UPVC PIPING PPR-C PLUMBING CPVC PIPING SYSTEM SYSTEM SYSTEM uPVC Pipes & Fittings | uPVC Column Pipes | S WR Drainage Pipes | uPVC Pressure Pipes PPR- C Pipes & Fittings C PVC Pipes & Fittings Well Casing Pipes | Underground Drainage Pipes HDPE
Slide 10: Product Portfolio and Milestones
Product Portfolio Commercial PVC pipe • Started manufacturing UPVC • Largest plastic piping Concluded promoter Commissioned the Raipur manufacturing operations Plumbing Pipes fittings with solution company infusion of Rs. 142 crore plant to tap Central and Established 3600 MTPA in 180 MTPA capacity
Slide 11: Brand Ambassador and TV Commercial
Announced Mr. Amitabh Bachchan as 1 Brand Ambassador New Tv Commercial Launched on 2 19th December 2023 3 6.3 Million Views 4 2.1 Million Views www.apollopipes.com 10
Slide 12: Raveena Tandon Brand Ambassador
1 Raveena Tandon Appointed as Brand Ambassador 2 Social Media campaign launched in Q3FY22 continue to garner good response 8.5 Million Followers Bath Fitting 3 (On Raveena’s Platform) 6.8 Million Followers Digital Campaign, Packaging promotions www.apollopipes.com 4 etc 11
Slide 13: Environment, Social, Governance and Safety Policy
Our Environment, Social, Governance and Safety Policy Cost Savings and Energy conservation are one of the key focus areas for Apollo Pipes • Installed rooftop solar plant at Dadri for optimum utilsation of energy Apollo Pipes Ltd. achieves 62nd • Evaluating opportunities to install rooftop solar pla
Slide 14: Growth Levers
www.apollopipes.com GROWTH LEVERS 13
Slide 15: Strategic acquisition of Kisan Mouldings
Strategic acquisition of Kisan Mouldings • Established in 1982 with 40+ yr. old legacy brand • Have a capacity of ~60k Ton • Apollo pipes invested Rs 118 Cr for acquiring majority stake (54%) in Kisan Mouldings ltd. • Wide range of SKU’s including Plastic Pipes and fittings for building and agricult
Slide 16: Key Business Strength
Key Business Strength Expanding footprint in India Catering to multiple sectors – Agriculture, Water Management, Infrastructure Proven expertise in complex Strong and highly experienced Management projects Team Multiple and efficient product offerings – Advanced equipment & technology – 2,600+ products
Slide 17: Diversified Product Portfolio
Diversified Product Portfolio with total offerings at 2,600+, Aiming to achieve 4,000+ products to the basket • Range of products manufactured at the technologically-advanced manufacturing facility at Dadri & Sikandrabad at U.P., Ahmedabad at Gujarat, Tumkur (Bangalore) at Karnataka, Raipur at Chatti
Slide 18: Capacity Expansion to aid long-term growth plan
Capacity Expansion to aid long-term growth plan Available Capacity 2,16,000 MTPA Ahmedabad, Bengaluru and Raipur www.apollopipes.com line for the value-added products at new locations 17
Slide 19: Macro Growth Drivers
MACRO GROWTH DRIVERS www.apollopipes.com 18
Slide 20: PVC Pipe Industry
PVC Pipe Industry The Indian PVC pipes and fittings market expected to register 15% CAGR during FY24 - FY27 • The domestic plastic pipes industry size at ~ ₹ 350Bn • Organized players account for ~70% market share • Key features of plastic pipes against other pipes - Lightweight - Ease of transportat
Slide 21: At the Forefront of multiple sector trends
At the Forefront of multiple sector trends Urban Infrastructure & Construction Water Management Agriculture Focus • Infrastructure push - plumbing and • Rehabilitation of aging pipelines and • Improving irrigation schemes for distribution requirements installation of new pipes in transportation farm
Slide 22: Future Outlook
www.apollopipes.com FUTURE OUTLOOK 21
Slide 23: Capacity expansion plan
Capacity expansion plan Existing capacity Ongoing expansion Organic growth Capacity expansion Brownfield expansion Current capacity 41,500 ton 28,500 ton 2,16,000 ton Greenfield Varanasi Plant 30,000 Ton by FY26 Existing Apollo Pipes Ltd plants 1,56,000 Ton New Products- Total capacity Kisan Mouldin
Slide 24: Focus Areas for FY25
Focus Areas for FY25 Strengthen Undertake a Register solid Penetrate and Improve Undertake foothold in Pan phase-wise growth in sales – establish utilization at the various brand India capacity expansion targeting revenue footprint into existing building at the existing growth of around neighboring
Slide 25: Operational & Financial Highlights
OPERATIONAL & FINANCIAL HIGHLIGHTS www.apollopipes.com 24
Slide 26: Quarterly Performance
Quarterly Performance Q1FY25 Revenue (Rs. Cr) Sales Volume (Tons) 308.5 26,562 260.3 251.9 249.5 255.6 21,219 21,345 221.6 18,685 19,803 18,868 Q4 FY23 Q1 FY24 Q2 FY24 Q3 FY24 Q4 FY24 Q1FY25 Q4 FY23 Q1 FY24 Q2 FY24 Q3 FY24 Q4 FY24 Q1FY25 EBITDA (Rs. Cr) PAT (Rs. Cr) 29.4 29.0 26.2 25.4 15.0 24.1 13.
Slide 27: Financial Trend
Financial Trend FY24 Revenue (Rs. Cr) Volume (Tons) 5 Yr. CAGR 22% 5 Yr. CAGR 15% 987 915 81,235 784 66,567 53,849 518 44,692 47,333 39,823 362 408 FY19 FY20 FY21 FY22 FY23 FY24 FY19 FY20 FY21 FY22 FY23 FY24 EBITDA (Rs Cr) PAT (Rs.Cr) 5 Yr. CAGR 20% 5 Yr. CAGR 12% 93 96 50 44 43 74 68 29 46 24 24 39
Slide 28: Financial Trend
Financial Trend FY24 Net Working Capital (Days) Op. Cashflow (Rs. Cr) 195 74 74 68 59 56 68 47 19 40 24 22 FY19 FY20 FY21 FY22 FY23 FY24 FY19 FY20 FY21 FY22 FY23 FY24 ROE (%) ROCE** (%) Net Debt/ (Net cash)* (Rs.Cr) 23.9 21.1 9 7 18.6 19.0 13.9 13.5 13.2 10.6 9.5 10.1 www.apollopipes.com FY19 FY20 F
Slide 29: Profit & Loss Statement (Consolidated)
Profit & Loss Statement (Consolidated) Particulars (Rs Cr) Q4FY24 Q1FY25 FY24 Sales Volume (Ton) 21,345 26,562 81,235 Total Income From Operations (Net) 256 308 987 Total Expenditure 230 280 891 Raw Material expenses 188 216 714 Employee expense 14 23 61 Other expenses 28 40 116 EBITDA 25 29 96 EBIT
Slide 30: Balance Sheet & Cash flow (Consolidated)
Balance Sheet & Cash flow (Consolidated) www.apollopipes.com *Rs 38 Cr of capital advances has been adjusted in Capex from Other Non-current assets 29
Slide 31: Profit & Loss Statement (Standalone)
Profit & Loss Statement (Standalone) Q1FY25 (Rs Cr) Apollo Pipes (ex- Kisan) Kisan Mouldings Sales Volume (Ton) 20,937 5,625 Total Income From Operations (Net) 240 68 Total Expenditure 216 64 Raw Material expenses 169 47 Employee expense 16 7 Other expenses 30 10 EBITDA 24 5 EBITDA margin (%) 10.1%
Slide 32: Conclusion
CONCLUSION 31 www.apollopipes.com
Slide 33: Key Takeaways
Key Takeaways Increased market presence and Target to achieve improving 25%+ revenue distributor network growth CAGR over to address demand next three years across Leveraging ‘APL Value-added pan-India Apollo’ brand Available Capacity product categories reach and recall of 2,16,000 Ton to provide im
Slide 34: About Us
About Us Apollo Pipes (BSE: 531761; NSE: APOLLOPIPE), is among the top 10 leading piping solution providing Company in India. Headquartered in Delhi, the Company enjoys strong brand equity in the domestic markets. With more than 3 decad es of experience in the Indian Pip e Market, Apollo Pipes holds
Slide 35: Thank You
www.apollopipes.com THANK YOU 34
Slide 36: Press release: Q1FY25 Consolidated Business Performance
Apollo Pipes Limited A- 140, Sector 136. Noida, Uttar Pradesh- 201301 Q1FY25 Consolidated Business Performance • Sales volume higher 25% YoY to 26,562 Ton • Revenue increased 19% YoY to Rs 3.1 Bn • EBITDA increased 11% YoY to Rs 290 Mn • PAT declined 10% YoY to Rs 125 Mn Noida, July 29, 2024: Apollo
Slide 37: About the Company
About the Company Apollo Pipes (BSE: 531761; NSE: APOLLOPIPE), is among the top 7 leading piping solution providing Company in India. Headquartered in Delhi, the Company enjoys strong brand equity in the domestic markets. With more than 3 decades of experience in the Indian Pipe Market, Apollo Pipes