Slide 1: PG Electroplast Company Update
PG Electroplast Company Update 3Q FY2021, January 2021 1
Slide 2: Disclaimer
Disclaimer This presentation has been prepared for informational purposes only. This Presentation does not constitute a prospectus, Offering circular or offering memorandum and is not an offer or initiation to buy or sell any securities, nor shall part or all of this presentation from the basis of,
Slide 3: Agenda
Introduction Quarterly Financials Agenda Quarterly - Key Metrics Strategy & Outlook Historical Financials 3
Slide 4: About PG Electroplast Limited
▪ PG Electroplast Limited (PGEL) is the flagship company of PG Group. While the PG Group had started its journey in 1977, PG Electroplast was formally set up in 2003 and is a leading, diversified Indian Electronic Manufacturing Services provider. ▪ PGEL specializes in Original Design Manufacturing (
Slide 5: Our Journey
atv APC manafactering Assembly Line was set upa plant was set i Noida Noida | e | PG Group starts as a small electronic mew I Started Color T¥s & Audio Products GGot rst tercer from Tami Nadu Gowt for suppiying V. Supplied 25 milion TV innext 3 years. l Started Plastic Injection Mol Prant Diversitie
Slide 6: Industries Served
Industries Served Air Washing LED Air Automotive Bathroom Consumer Conditioners Machines Televisions Coolers Components Fittings Electronics 6
Slide 7: Key Financials
• The Company has grown ~2.5 times in five years from a revenue of INR 263 crores in 2015-16, to INR 641 crores in 2019-2020 at a 22% CAGR with the EBITDA Key Financials increasing at a 28% CAGR. • Over the past five years, the company has done a cumulative Capital Expenditure of over INR 185 Crores
Slide 8: Key Clients
Key Clients ( “Carrier ) Gidea eto Crompton Joquar JAB1L QB) KOHLER. @ LG wmax* LAVA mare motherson afl Panasonic orient i] electric 7 Reliancedigital SS!SeomP £7SANSUI (GPG
Slide 9: Agenda
Introduction Quarterly Financials Agenda Quarterly - Key Metrics Strategy & Outlook Historical Financials 9
Slide 10: 3QFY2021 Profit & Loss Highlights
• Highest ever quarterly SALES, EBITDA and NET 3QFY2021 Profit PROFIT & Loss Highlights • Robust top line growth leads to operating leverage gains • Business outlook remains robust across categories (Figures in FY2020 FY2021 Growth FY2020 FY2021 Growth ₹ million) Q3 Q3 (%) YoY 9M 9M (%) YoY Revenue
Slide 11: 9M 2021 Balance sheet
9M 2021 Balance sheet As on As on As on As on A. EQUITY AND LIABILITIES B. ASSETS 30.12.2020 31.03.2020 30.12.2020 31.03.2020 (a) Share capital 195.3 195.3 (a) Fixed assets 2470.1 2532.1 (b) Reserves and surplus 1,584.7 1,567.0 (b) Capital Work in Progress 232.4 60.6 Sub-Total - Shareholders' Funds
Slide 12: Agenda
Introduction Quarterly Financials Agenda Quarterly - Key Metrics Strategy & Outlook Historical Financials 12
Slide 13: Financial Metrics
• EBITDA margins improved due to better sales mix and operating leverage. Financial • Inventory is high due to one off business of gas charging of outdoor Metrics unit (ODU) of AC. • Revenue growth outlook is improving, while margin outlook is stable. FY2020 FY2021 2020 2021 Key Ratios FY20 Q3 Q3 9M
Slide 14: Business Breakup
• Washing Machine Business has seen robust growth in 9M 2021 and Business company is about to launch the Fully Automatic platform. • Room AC and Cooler business is seeing a steady demand growth. Breakup • Products business remains the focus area and growth driver for the company. 2020 2021 2020 2021
Slide 15: Major Highlights of 9M FY2021
• Due to COVID-19 mandated shutdowns, plants were totally closed for months of Apr-May’20. The production was only partially restored in June’20. Production loss of AC-IDU (Indoor Unit) resulted in increased raw material inventory in 1H. This is getting liquidated now. Major • Company is seeing incr
Slide 16: Agenda
Introduction Quarterly Financials Agenda Quarterly - Key Metrics Strategy & Outlook Historical Financials 16
Slide 17: Industry Outlook
Industry Outlook The Rapid rate of urbanization, Low penetration levels, falling Government reforms such as growth of young population with prices of durables and electronics Digital India, Make in India, Power rising income levels is leading to and changing lifestyle of the for all and Jan Dhan-Aad
Slide 18: Future Growth Strategy
Future Growth Strategy • Washing Machines Company foresees large • Room Air conditioner opportunities in plastic • Refrigerators moulding in consumer durables in appliances like: • Ceiling Fans • Sanitaryware products • Air coolers Opportunities in the ODM • Washing machines space for products like:
Slide 19: Future Outlook
Gradual improvement in margins due to better operational efficiencies and Future Outlook higher operating leverage Improving • Product business to drive profitability and growth for the company higher cash- flows, will lead to better capital • Company is developing new efficiency and stronger balanc
Slide 20: Agenda
Introduction Quarterly Financials Agenda Quarterly - Key Metrics Strategy & Outlook Historical Financials 20
Slide 21: Profit & Loss Statement
Profit & Loss Statement Figures in INR Millions Mar-16 Mar-17 Mar-18 Mar-19 Mar-20 Net Sales 2,603 3,664 3,994 5,084 6,394 Growth (%) 9.0% 40.8% 9.0% 27.3% 25.8% Expenditure 2.422 3,456 3,749 4,777 5,993 Increase/Decrease in Stock (48) 19 -109 -41 (70) Raw Material Consumed 1961 2792 3200 4032 5108
Slide 22: Balance Sheet
Balance Sheet A. EQUITY AND LIABILITIES March 16 March 17 March 18 March 19 March 20 B. ASSETS March 16 March 17 March 18 March 19 March 20 (a) Share capital 164 164 164 187 195 (a) Fixed assets 1456 1620 1785 1921 2532 (b) Reserves and surplus 1,032 1,068 1,144 1,504 1,567 (b) Capital Work in Progr
Slide 23: Thank You for Your Time and Consideration!
Thank You for Your Time and Consideration! 23