Slide 1: Pidilite Industries Ltd. Q4 FY17 Earnings Presentation
Pidilite Industries Ltd. Q4 FY17 Earnings Presentation
Slide 2: Disclaimer
Disclaimer This presentation may contain statements which reflect the management’s current views and estimates and could be construed as forward looking statements. The future involves certain risks and uncertainties that could cause actual results to differ materially from the current views being e
Slide 3: Q4 FY17 Financial Highlights
Q4 FY17 Financial Highlights
Slide 4: Q4 FY17 Earnings Summary
Q4 FY17 Earnings Summary Gross Revenue* EBITDA PBT** PAT** Standalone Rs 1,239 Cr Rs 256 Cr Rs 258 Cr Rs 165 Cr YoY Growth + 6.5% + 12.3% + 15.5% + 6.0 % Consolidated Rs 1,404 Cr Rs 260 Cr Rs 254 Cr Rs 157 Cr YoY Growth + 6.8% + 7.7 % + 8.0 % - 7.0 % *Gross Revenue includes other operating income #
Slide 5: FY17 Earnings Summary
FY17 Earnings Summary Gross Revenue* EBITDA PBT** PAT** Standalone Rs 5,299 Cr Rs 1,229 Cr Rs 1,239 Cr Rs 868 Cr YoY Growth + 4.7 % + 9.6 % + 13.0 % + 12.2 % Consolidated Rs 6,062 Cr Rs 1,268 Cr Rs 1,248 Cr Rs 863 Cr YoY Growth + 6.3 % + 7.6 % + 9.4 % + 6.9 % *Gross Revenue includes other operating
Slide 6: Comments on Financial Performance
Comments on Financial Performance Standalone • Gross Revenue grew by 6.5% in Q4 and grew by 4.7% in FY17. • EBITDA grew by 12.3% in Q4 and grew by 9.6% in FY17 as compared to last year. • Profit before tax and profit after tax is before exceptional items relating to impairment of investments in inte
Slide 7: Ind AS – Reconciliation of Standalone Results
Ind AS – Reconciliation of Standalone Results A reconciliation of the Standalone results to those reported under previous GAAP are summarised as under: Rs Crores Rs Crores For the Quarter For the Year ended Particulars ended 31.03.2016 31.03.2016 Profit after tax as reported under previous GAAP 115.
Slide 8: Ind AS – Reconciliation of Consolidated Results
Ind AS – Reconciliation of Consolidated Results A reconciliation of the Consolidated results to those reported under previous GAAP are summarised as under: Rs Crores Rs Crores For the Quarter For the Year ended Particulars ended 31.03.2016 31.03.2016 Profit after tax as reported under previous GAAP
Slide 9: Q4 FY17 Overseas Performance
Q4 FY17 Overseas Performance 60 60.0 (in INR Crores) 39.0 40 26.4 Sales 22.7 17.3 18.6 17.9 20 15.1 11.4 11.1 11.2 6.3 7.0 6.1 2.3 2.2 0 North South Bangladesh Srilanka Thailand Egypt Dubai Others America America Q4, FY 2015-16 Q4, FY 2016-17 5 4.0 4 3.7 3.2 3 2.4 1.9 1.7 2 0.6 0.8 0.7 0.8 1 0.2 EBI
Slide 10: FY17 Overseas Performance
FY17 Overseas Performance 248.4 236.0 240 (in INR Crores) 200 160 120 101.0 94.5 Sales 78.8 80 71.1 70.5 75.3 47.6 44.0 27.6 33.1 40 20.8 10.8 6.1 9.5 0 North South Bangladesh Srilanka Thailand Egypt Dubai Others America America 25 21.3 FY 2015-16 FY 2016-17 20 15.5 14.0 15 10 7.9 6.4 5.2 5.2 4.6 5
Slide 11: Company Overview
Oo Pidilite Company Overview FEVICOL Fevikwil® Fevicryl’ nangeela’ Roth THE ULTIMATE ADHESIVE steelorip|” MOY SHINE + PROTECTION FOR CARS & BIKES
Slide 12: Company Overview
Company Overview Brand established in 1959. 8 Regional offices with 23 plants and Pioneer in Consumer and 25 co-makers in India Specialty Chemicals Adhesives & sealants, International manufacturing facilities construction chemicals, art & in Thailand, Dubai, Brazil, US, Egypt craft products and poly
Slide 13: Industry Segment Composition as on March 2016
Industry Segment Composition as on March 2016 Organic Pigments and Preparations {6%} Industrial Adhesives, Resins & Others {11%} Adhesives & Art & Craft Materials Sealants {53%} and Others {11%} Construction/ Paint Chemicals {19%} Numbers represent Percentage of Total Net Revenue 13
Slide 14: 5-Year Performance by Business Segments
5-Year Performance by Business Segments Numbers represent Percentage of Total Net Revenue Consumer and Bazaar Products Industrial Products 84% 25% 83% 83% 21% 82% 19% 19% 82% 20% 18% 81% 81% 17% 81% 15% 80% 79% 79% 10% 78% 77% 5% 76% 75% 0% 2011-12 2012-13 2013-14 2014-15 2015-16 2011-12 2012-13 201
Slide 15: Domestic Presence – India operations
Domestic Presence – India operations • 5200+ SKUs of 500 products • 7000 distributors • Gross Turnover (domestic) of Rs. • 30 warehouses 5,720 Cr for FY17 • 8 regional offices • 23 plants, 25 Co-makers Pidilite Industries Limited 15
Slide 16: Global Presence
Global Presence • Exports to more than 80 countries. Major exports to Middle East, Africa, USA & Europe. • Export Turnover of Rs. 484 Cr in FY17. • 17 Overseas subsidiaries – 5 Direct and 12 Step down and 1 Joint Venture. • Total revenue from Overseas subsidiaries of Rs. 599 Cr in FY17. • Internatio
Slide 17: Marketing/ Advertising
Marketing/ Advertising • Consistent and effective brand building activities across various categories (a) Consumer Adhesives & Sealants (b) Craftsmen Adhesives (c) Waterproofing Chemicals (d) Hobby & Craft Colours • Several of the brands are well-known in respective categories (Fevicol, Fevikwik, M-
Slide 18: Shareholding Pattern as of March 31, 2017
Shareholding Pattern as of March 31, 2017 15.45% Promoters Mutual Funds FPIs 12.10% Others 2.86% 69.59% Pidilite Industries Limited 18
Slide 19: Share Price Movement
Share Price Movement Pidilite Sensex 130 125 120 115 110 105 100 95 Mar-16 Apr-16 May-16 Jun-16 Jul-16 Aug-16 Sep-16 Oct-16 Nov-16 Dec-16 Jan-17 Feb-17 Mar-17 Rebased to 100 Pidilite Industries Limited 19
Slide 20: Backed by consistent dividend payouts
Backed by consistent dividend payouts 50% 40% 34.30% 34.10% 34.40% 35.08% 33.76% 32.30% 30% 20% 10% 0% FY12 FY13 FY14 FY15 FY16 FY 17 Pidilite Industries Limited 20
Slide 21: Investor Contacts
Investor Contacts Investor Relations - investor.relations@pidilite.co.in Savithri Parekh, Company Secretary Ramkrishna Mandir Road, Off Mathuradas Vasanji Road, Andheri (E), Mumbai - 400 059. Phone : +91 22 67697000 CIN : L24100MH1969PLC014336 Fax : +91 22 28216007