Everest Industries Limited · NSE:EVERESTIND
Everest Industries — Q1 FY20 Earnings Presentation
28 slides from Everest Industries's earnings presentation, Jul 26, 2019
Slide 1: Exchange filing cover letter: presentation to analysts/institutional investors
i EVEREST Ref. : NSE/ BSE/S9/2019 Date : 26"1 July, 2019 National Stock Exchange of India Limited BSE Limited Exchange Plaza Phiroze Ieejeebhoy Towers Plot No, C / 1, G Block Dalal Street, Mumbai — 400 001 Bandra — Kurla Complex Tel: 2272 1233 / 8058 Extn — 8013 Bandra (E), Mumbai - 400 051 Fax No.
Slide 2: Everest Industries Limited Q1-FY20 Earnings Presentation
EVEREST INDUSTRIES LIMITED Q1–FY20 EARNINGS PRESENTATION 1
Slide 3: Executive Summary
Executive Summary Company Overview: Everest Industries Limited, incorporated in 1934, has a rich history in the manufacturing of Building products and Steel products. Everest offers a complete range of roofing, ceiling, wall, flooring, and cladding products distributed through a large network, as we
Slide 4: Company Overview
Company Overview • Everest Industries Limited (Everest) has over 8 decades Revenue (INR Mn) and EBITDA Margin (%)* of experience in building products and is the pioneer of fibre cement products in India. • The company’s business is built on three key pillars: Safety, Speed, and Strength. • The visio
Slide 5: Key Financial Highlights – Standalone (INR Mn)
Key Financial Highlights – Standalone (INR Mn) Current Quarter Previous Quarter Current Quarter Current Year Last Year Last Year Particulars Q1-FY20 Q4-FY19 Q1-FY19 FY19 FY18 Total Income* 4,344 3,691 4,184 14,106 12,786 EBITDA 439 260 443 1,131 989 EBITDA Margin 10.11% 7.04% 10.59% 8.02% 7.73% Net
Slide 6: Key Financial Highlights – Consolidated (INR Mn)
Key Financial Highlights – Consolidated (INR Mn) Current Quarter Previous Quarter Current Quarter Current Year Last Year Last Year Particulars Q1-FY20 Q4-FY19 Q1-FY19 FY19 FY18 Total Income* 4,352 3,695 4,206 14,148 13,069 EBITDA 433 260 443 1,111 999 EBITDA Margin 9.95% 7.04% 10.53% 7.85% 7.64% Net
Slide 7: Q1-FY20 – Standalone Income Statement (INR Mn)
Q1-FY20 – Standalone Income Statement (INR Mn) Particulars Q1-FY20 Q1-FY19 Y-o-Y Q4-FY19 Q-o-Q Total Income* 4,344 4,184 3.8% 3,691 17.7% Total Expenses 3,905 3,741 4.4% 3,431 13.8% EBITDA 439 443 (0.9)% 260 68.8% EBITDA Margin 10.11% 10.59% (48) Bps 7.04% 307 Bps Depreciation 60 57 5.3% 37 62.2% Fi
Slide 8: Q1-FY20 – Consolidated Income Statement (INR Mn)
Q1-FY20 – Consolidated Income Statement (INR Mn) Particulars Q1-FY20 Q1-FY19 Y-o-Y Q4-FY19 Q-o-Q Total Income* 4,352 4,206 3.5% 3,695 17.8% Total Expenses 3,919 3,763 4.1% 3,435 14.1% EBITDA 433 443 (2.2)% 260 66.5% EBITDA Margin 9.95% 10.53% (58) Bps 7.04% 291 Bps Depreciation 60 57 5.3% 37 62.2% F
Slide 9: Key Business highlights
Key Business highlights • Market prices of Building products were lower during the period by 5%. • For Steel Buildings , improved contracting resulted in improved margins. • Relentless pursuit of value added business. • Raw Material prices on Building Products on the rise, particularly for Fibre and
Slide 10: Q1-FY20 Operational Highlights – Building Products
Q1-FY20 Operational Highlights – Building Products 9
Slide 11: Building Products Performance - Standalone
Building Products Performance - Standalone Sales (`000 MT) Revenue (INR Mn) PBIT (INR Mn) 287 264 Q1-FY19 Q1-FY20 Sales (`000 MT) Revenue (INR Mn) PBIT (INR Mn) Note : All numbers as per IND-AS 10
Slide 12: Key Operational Highlights – Building Products Segment
Key Operational Highlights – Building Products Segment • Market prices of Building products were lower during the period by 5%. • Volumes grew by 8.7%. • Raw Material prices on Building Products on the rise, particularly for Fibre and Cement. • Improved utilization of facilities. • Expanding nationa
Slide 13: Way Forward – Building Products Segment
Way Forward – Building Products Segment • Expected increase in rural disposable income through Government initiatives where there is substantial hike in Minimum Support Prices (MSP), Budget initiatives in the infrastructure sector will lead to demand for value added products. • Government initiative
Slide 14: Building Products – Roofing and Fibre Cement Boards
Building Products – Roofing and Fibre Cement Boards Everest Roofing Products Everest Super Everest Super Everest Super Manufacturing Plant, Taran Singh Marriage Hall, Punjab Farm House, Jalandar Gidderbaha, Punjab Fibre Cement Boards and Panels Artewood Cladding Fibre Cement Boards W Hotel, Goa Dist
Slide 15: Q1-FY20 Operational Highlights – Steel Buildings
Q1-FY20 Operational Highlights – Steel Buildings 14
Slide 16: Steel Building Performance - Standalone
Steel Building Performance - Standalone Sales (`000 MT) Revenue (INR Mn) PBIT (INR Mn) Sales (`000 MT) Revenue (INR Mn) PBIT (INR Mn) Note : All numbers as per IND-AS 15
Slide 17: Key Operational Highlights – Steel buildings
Key Operational Highlights – Steel buildings • Committed to timely hand over of projects to customers with Industry benchmark quality. • Order book of 27,000 MT build turnkey projects which provides strong revenue visibility for 1-2 years; executable over 15 months. • Execution speed is picking up a
Slide 18: Way forward – Steel Buildings Segment
Way forward –Steel Buildings Segment • Everest remains committed towards smarter, safer, and speedier construction technology. • Government focus to connect Tier II and Tier III towns via air routes will help the company promote its modern Smart Steel Building Technologies. • Focus on green building
Slide 19: Steel Buildings
Steel Buildings Tata Power – Bangalore, Rockman – Tirupati, Reliance – Jhajjar, Haryana Karnataka Andhra Pradesh Gokaldas Warehousing Godrej Agrovet – Chintapuli Mascor Precisions Pvt Ltd – Corporation – Mewat, Haryana Mandal, Andhra Pradesh Aurangabad, Maharastra 18
Slide 20: Historical Financial Statements
Historical Financial Statements 19
Slide 21: Income Statement – Standalone (INR Mn)
Income Statement – Standalone (INR Mn) Particulars FY16 FY17# FY18# FY19# Total Income* 13,263 12,372 12,786 14,106 Total Expenses 12,266 11,856 11,797 12,975 EBITDA 997 516 989 1,131 EBITDA Margin 7.52% 4.17% 7.74% 8.02% Depreciation 256 255 236 206 Finance Cost 228 208 126 76 Exceptional Items - -
Slide 22: Balance Sheet – Standalone (IND-AS)
Balance Sheet – Standalone (IND-AS) Equities & Liabilities (INR Mn) FY18 FY19 Assets (INR Mn) FY18 FY19 Shareholder Funds Non Current Assets Share Capital 156 156 Property, Plant and Equipment 3,385 3,355 Other Equity 3,814 4,371 Intangible Assets 21 12 Total -Shareholder Funds 3,970 4,527 Capital W
Slide 23: Income Statement – Consolidated
Income Statement – Consolidated Particulars (INR Mn) FY16 FY17# FY18# FY19# Total Income* 13,263 12,498 13,069 14,148 Total Expenses 12,274 11,990 12,070 13,037 EBITDA 989 508 999 1,111 EBITDA Margin 7.46% 4.06% 7.64% 7.85% Depreciation 256 255 235 206 Interest 228 208 126 76 PBT 505 45 638 829 Tax
Slide 24: Balance Sheet – Consolidated (IND-AS)
Balance Sheet – Consolidated (IND-AS) Equity & Liabilities (INR Mn) FY18 FY19 Assets (INR Mn) FY18* FY19 Shareholder's Funds Assets Share Capital 156 156 Non-Current Assets Other Equity 3,824 4,358 Property, Plant and Equipment 3,385 3,355 Minority Interest - - Intangible Assets 21 13 Total Sharehol
Slide 25: Financial Performance – Consolidated
Financial Performance – Consolidated Revenue (INR Mn) and EBITDA Margin (%) PAT (INR Mn) & PAT Margin (%) Net Debt to Equity Ratio ROE & RoCE Operating Cash Flow (INR Mn) Working Capital Days Note: FY17 and FY18 numbers As per IND-As 24
Slide 26: Capital Market Information
Capital Market Information SHARE PRICE PERFORMANCE (AS ON 30TH JUNE, 2019) LARGEST INSTITUTIONAL INVESTORS (AS ON 30TH JUNE, 2019) 60% 40% 20% Vijay Kishanlal Kedia 6.08% 0% -20% HDFC Small Cap Fund 2.63% Everest Industries Sensex PRICE DATA (AS ON 30TH JUNE, 2019) SHAREHOLDING PATTERN (AS ON 30TH J
Slide 27: Q1-FY20 Earnings Call Information
Q1-FY20 Earnings Call Information The earnings call to discuss financial and operational performance for Q1-FY20 with Mr. Manish Sanghi, Managing Director and Mr. Nikhil Dujari, CFO will be held on: • Date: Friday, 26th July, 2019 • Time: 11:00 AM • Primary Dial-in Numbers: +91 22 6280 1341 26
Slide 28: Disclaimer
Disclaimer Everest Industries Limited Disclaimer: No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Such information and opinions ar