Slide 1: Analysts' Meet Investor Presentation June 2019
Analysts’ Meet INVESTOR PRESENTATION 22/05/2019 JUNE 2019 Mumbai
Slide 2: Astral, Where Innovation Flows
ASTRAL, WHERE INNOVATION FLOWS
Slide 3: Business Overview: Operating in Three High Growth Business Categories
BUSINESS OVERVIEW PIPING OPERATING IN THREE HIGH GROWTH ADHESIVES & SEALANTS BUSINESS CATEGORIES INFRASTRUCTURE PRODUCTS
Slide 4: Corporate Structure
CORPORATE STRUCTURE ASTRAL POLY TECHNIK LIMITED RESINOVA SEAL IT APL ABPL CHEMIE LTD UK KENYA 100% 97.45% 80% 50% SEAL IT USA 100%
Slide 5: Presence in 4 Countries, 12 Manufacturing Locations
PRESENCE IN 4 COUNTRIES. 12 MANUFACTURING LOCATIONS. 4000+ EMPLOYEES. • One of India’s fastest growing piping companies • A Fortune India 500 company • Comprehensive range of piping & adhesives
Slide 6: Astral, The Trendsetter
ASTRAL, THE TRENDSETTER First to introduce CPVC piping Three adhesives mfg. units in in India India – and two abroad Introduced countless Known for zero-compromise innovations in piping category quality and service Offers the widest Always ahead on the piping product range technology curve Six pipin
Slide 7: Astral Group – Business Segments
ASTRAL GROUP – BUSINESS SEGMENTS Plumbing Epoxy Adhesives & Putty • CPVC, PVC & Pex Silicone Sealants Drainage Construction Chemicals • SWR, Sewerage, PVA Storm-water PIPING ADHESIVES Cyanoacrylate Agriculture Solvent Cements Industrial Tapes Fire Protection Polymeric Filling Conduit & Cable Protect
Slide 8: Astral Group – Production Facilities
ASTRAL GROUP – PRODUCTION FACILITIES
Slide 9: New Plant @ Ghiloth (Rajasthan)
NEW PLANT @ GHILOTH (RAJASTHAN) State-of-the-art Manufacturing facility - Operational since July 2018. This plant strengthens company’s presence in North India
Slide 10: New Hosur Plant & Depot (Tamilnadu)
NEW HOSUR PLANT & DEPOT (TAMILNADU) Additional capacity – will be operational from FY19 Q2 which will further strengthen company’s presence in South India
Slide 11: Coming Soon – Plant in East India
COMING SOON – PLANT IN EAST INDIA NEW PLANT COMING UP AT BHUBANESHWAR, ODISHA, TO CATER TO NORTH EAST MARKETS
Slide 12: Depots and Offices, Piping - Adhesives
DEPOTS AND OFFICES, PIPING - ADHESIVES
Slide 13: Core Competences, Advantage Astral
CORE COMPETENCES, ADVANTAGE ASTRAL Seamless backward Unbeatable integration quality Wide and deep World-class mfg. distribution capabilities & reach technical tie-ups Product innovations Strong brand & value engineering equity
Slide 14: New Product Launch
NEW PRODUCT LAUNCH AASTRAL
Slide 15: PEX-A Pro: Plumbing System with Expansion Ring Technology
PEX-A PRO A REVOLUTIONARY PLUMBING SYSTEM WITH EXPANSION RING TECHNOLOGY
Slide 16: Infrastructure Products
INFRASTRUCTURE PRODUCTS PVC SUCTION HOSES FOR CORRUGATED DOUBLE MINING AND PLASTIC AND PIPES FOR WALLED NON-AGRI SHEATHING DISCHARGE SUCTION CORRUGATED DUCTS HOSES APPLICATIONS APPLICATIONS PIPING POLYOLEFIN DOUBLE POLYETHYLENE CABLE PACKAGE PERFORATED WALLED PIPING CHANNELS SEWAGE CORRUGATED CORRUG
Slide 17: Infrastructure Products
INFRASTRUCTURE PRODUCTS D-REX DYNA REX DOUBLE WALLED CORRUGATED PIPES PVC CORRUGATED PERFORATED & FOR SEWERAGE NON-PERFORATED PIPES FOR RAIL AND ROAD DRAINAGE
Slide 18: Infrastructure Products
INFRASTRUCTURE PRODUCTS GEOREX AQUA REX PLASTIC CORRUGATED LATERAL DRAIN UNIQUE DRAIN BELT FOR DRAINING PIPE WITH PERFORATION OF EXCESSIVE SOIL WATER
Slide 19: Infrastructure Products
INFRASTRUCTURE PRODUCTS PRE-STIREX PLUS STIREX HDPE/PP CORRUGATED DUCTS FOR ENHANCED VERSION OF POST PRE-STRESSING AND POST-TENSIONING TENSIONING CORRUGATED TENDONS HDPE/PP DUCTS
Slide 20: Infrastructure Products
INFRASTRUCTURE PRODUCTS TELE REX MULTIREX HDPE PIPES FOR UNDERGROUND POLYOLEFIN PIPES FOR UNDERGROUND CABLE DUCTING CABLE PROTECTION
Slide 21: Rescue Tape – Multi-Purpose Repair Tape
RESCUE TAPE- MULTI-PURPOSE REPAIR TAPE FEATURES AND BENEFITS • Simply stretch and wrap for permanent waterproof and airtight seal • Self fusing • Resists upto 260° C • 700 PSI Tensile Strength • Insulation 8000 volts • Resists fuel, oil, acids, solvents, salt water and UV rays
Slide 22: Resiquick – Instant Adhesive
RESIQUICK- INSTANT ADHESIVE FEATURES AND BENEFITS • Attractive and user-friendly ampule • Easy and precise application, single drop accuracy • Cost effective due to multiple usage • Higher shelf life
Slide 23: Resiwood – PVA Adhesive
RESIWOOD- PVA ADHESIVE PVA – WHITE SYNTHETIC ADHESIVE RANGE FOR WOOD WORKING AND FURNITURE MAKING
Slide 24: Branding and Communication
BRANDING AND COMMUNICATION • TV and print ads • On-ground cricket match branding BRANDING • Outdoor brand promotion • Brand association – IPL • Radio ads • Dealer meets AND • Trade exhibitions • Plumber meets ADVERTISING • Dealer shop branding • Consultant meets • In-film product integration • Digit
Slide 25: Branding and Communication
BRANDING AND COMMUNICATION ASTRAL PIPES WIDEST RANGE OF PLUMBING, DRAINAGE & AGRICULTURE PIPES ZLXNASTRAL PIPES + ADHESIVES ASTRAL CeCe THE CHOICE OF PROFESSIONALS FOR HOT & COLD WATER PLUMBING.
Slide 26: Branding and Communication
BRANDING AND COMMUNICATION
Slide 27: Branding and Communication: L Band – IPL 2019
BRANDING AND COMMUNICATION L BAND – IPL 2019 ON STAR SPORTS NETWORK
Slide 28: Branding and Communication
BRANDING AND COMMUNICATION ow Get NEES INDIA’'S WIDEST A\ASTRAL ADHESIVES ~ JODEIN EKDUM SOLID HEVO ©7311 103331 © 9099666666 « HVE ©7311 103331 Q 9%
Slide 29: Robust Distribution Network
ROBUST PIPING: ADHESIVES: 800 Distributors 1800 Distributors DISTRIBUTION More than 30,000 dealers Approx. 4 lac dealers NETWORK
Slide 30: Corporate Social Responsibility
CORPORATE SOCIAL RESPONSIBILITY YOG SADHAN ASHRAM WILD-LIFE SUPPORT AND CONSERVATION • Yoga classes and workshops • DONATION OF VEHICLES FOR WILD-LIFE RESEARCH • Naturopathy Treatment • INSTALLATION OF SOLAR PUMPS IN WILD-LIFE • Ayurveda Consultancy SANCTUARIES FOR PROVIDING WATER TO THE ANIMALS • A
Slide 31: Corporate Social Responsibility
CORPORATE SOCIAL RESPONSIBILITY SUPPORTED AN NGO FOR DOING ANTI-DRUGS CAMPAIGN THROUGHOUT THE CITY OF AHMEDABAD
Slide 32: Financial Highlights
AASTRAL FINANCIAL fallejali legals
Slide 33: Piping Business (INR Mn.)
PIPING BUSINESS (INR MN.) NET REVENUE EBIDTA 3,154 19,157 2,477 2,153 15,819 14,767 13,180 1,670 FY16 FY17 FY18 FY19 FY16 FY17 FY18 FY19 Sales of FY 18 is regrouped in compliance with Ind AS 115. During the year 18-19, Rex Poly extrusion is amalgamated with the company w.e.f. July 10, 2018.
Slide 34: Piping Business (INR Mn.)
PIPING BUSINESS (INR MN.) PBT (BEFORE EXCEPTIONAL ITEM) PAT 2,202 1,415 1,836 1,592 1,190 1,066 1,039 729 FY16 FY17 FY18 FY19 FY16 FY17 FY18 FY19 During the year 18-19, Rex Poly extrusion is amalgamated with the company w.e.f. July 10, 2018.
Slide 35: Piping Business (INR Mn. except EPS)
PIPING BUSINESS (INR MN. EXCEPT EPS) EPS (IN INR) CASH PROFIT 11.76 2,086 9.94 8.90 1,657 1,484 6.12 1,083 FY16 FY17 FY18 FY19 FY16 FY17 FY18 FY19 During the year 18-19, Rex Poly extrusion is amalgamated with the company w.e.f. July 10, 2018.
Slide 36: Piping Business – Ratios, Capacity & Production
PIPING BUSINESS – RATIOS, CAPACITY & PRODUCTION DEBT / EQUITY RATIO CAPACITY UTILIZATION (IN ‘000 MT) 0.23 0.18 0.17 205.29* 0.12 FY16 FY17 FY18 FY19 152.10 137.71 SALES (IN ‘000 MT) 127.76 120.82 105.75 87.69 77.91 122.99 103.99 89.45 77.94 FY16 FY17 FY18 FY19 FY 16 FY 17 FY 18 FY19 During the year
Slide 37: Piping Business – Working Capital Ratio (in Days)
PIPING BUSINESS – WORKING CAPITAL RATIO (IN DAYS) Inventory No. of days Debtors No. of days Net Working Capital No. of days 66 61 58 57 55 51 49 49 43 47 38 34 FY16 FY17 FY18 FY19 Sales of FY 18 is regrouped in compliance with Ind AS 115. During the year 18-19, Rex Poly extrusion is amalgamated with
Slide 38: Adhesives Business Summary of Subsidiaries (INR Mn.)
ADHESIVES BUSINESS SUMMARY OF SUBSIDIARIES (INR MN.) RESINOVA- SEAL IT–UK & USA ADHESIVE TOTAL- NET REVENUE NET REVENUE NET REVENUE 6,347 4,370 1,977 3,786 5,265 3,191 4,584 1,479 3,940 1,363 1,393 2,577 FY16 FY17 FY18 FY19 FY16 FY17 FY18 FY19 FY16 FY17 FY18 FY19 Sales of FY 18 is regrouped in compl
Slide 39: Adhesives Business Summary of Subsidiaries (INR Mn.)
ADHESIVES BUSINESS SUMMARY OF SUBSIDIARIES (INR MN.) RESINOVA- SEAL IT–UK & USA ADHESIVE TOTAL- EBIDTA EBIDTA EBIDTA 856 732 181 816 675 509 132 586 420 84 288 77 FY16 FY17 FY18 FY19 FY16 FY17 FY18 FY19 FY16 FY17 FY18 FY19
Slide 40: Group Revenue Breakup – FY 18-19
GROUP REVENUE BREAKUP – FY 18 –19 Piping 74% Adhesives 26%
Slide 41: Consolidated (INR Mn.)
CONSOLIDATED (INR MN.) NET REVENUE EBIDTA 3,968 25,073 3,268 20,729 18,947 2,703 16,778 2,035 FY16 FY17 FY18 FY19 FY16 FY17 FY18 FY19 Sales of FY 18 is regrouped in compliance with Ind AS 115. FY 19 is inclusive of Rex Poly numbers from July 10, 2018.
Slide 42: Consolidated (INR Mn.)
CONSOLIDATED (INR MN.) PBT PAT 2,834 2,481 1,973 2,007 1,757 1,446 1,315 1,019 FY16 FY17 FY18 FY19 FY16 FY17 FY18 FY19 FY 19 is inclusive of Rex Poly numbers from July 10, 2018.
Slide 43: Consolidated (INR Mn. except EPS)
CONSOLIDATED (INR MN. EXCEPT EPS) EPS CASH PROFIT 16.27 2,788 14.62 2,328 12.08 1,948 8.49 1,437 FY16 FY17 FY18 FY19 FY16 FY17 FY18 FY19 FY 19 is inclusive of Rex Poly numbers from July 10, 2018.
Slide 44: Group Working Capital Ratio (in Days)
GROUP WORKING CAPITAL RATIO IN DAYS) Inventory No. of days Debtors No. of days Net Working Capital No. of days 65 63 60 58 62 55 56 49 52 54 49 41 FY16 FY17 FY18 FY19 Sales of FY 18 is regrouped in compliance with Ind AS 115. FY 19 is inclusive of Rex Poly numbers from July 10, 2018.
Slide 45: Key Take Away
KEY TAKE AWAY • In FY19 Rex numbers are considered from July 10, 2018 onwards • The full year numbers of Rex will be considered from next year • Infra product expansion (Rex) will be completed in July 2019 • Hosur: Depot building completed and operational, production building completed, machinery in
Slide 46: Opportunities in Piping Industry
OPPORTUNITIES IN PIPING INDUSTRY • Initiatives like “Housing of All by 2022” and “Smart Cities Mission” is driving residential development and will direct growth of the Infrastructure Sector. • 100% FDI is permitted through the Automatic route in the Infrastructure Sector. • Government has sanction
Slide 47: Opportunities in Piping Industry
OPPORTUNITIES IN PIPING INDUSTRY • The Government targets to builds approx. 67 lacs urban toilets by October 2019 under Swachh Bharat Mission. • In the recent budget, Pradhan Mantri Awas Yojana (PMAY) has received allocation of Rs. 25,853 Cr. • Government programs like PMKSY, PMAY-U, PMAY-G and AMRU
Slide 48: Opportunities in Infrastructure
OPPORTUNITIES IN INFRASTRUCTURE • Under Pradhan Mantri Gram Sadak Yojana, government has allocated Rs. 19000 Cr. For 2019-20 • Construction of rural road has been tripled under Pradhan Mantri Gram Sadak Yojana. • Budget allocation to highways increase to nearly Rs. 83000 Cr. • Government has announc
Slide 49: Thank You
THANK YOU astralpipes.com | astraladhesives.com