Slide 1: Earnings Presentation filing letter to stock exchanges
23rd October, 2024 The Secretary The Secretary BSE Ltd. National Stock Exchange of India Ltd. Corporate Relationship Dept., Exchange Plaza, Plot no. C/1, G Block, 14th floor, P. J. Tower, Bandra-Kurla Complex, Dalal Street, Fort Bandra (E), Mumbai - 400 001 Mumbai - 400 051 Stock Code – 500331 Stock
Slide 2: Q2 FY25 Earnings Presentation
Q2’ FY 25 Earnings Presentation 1
Slide 3: Our Brands
OUR BRANDS Fete reviii® weseal RoffAs rn a ee > | Araldite EET wo el LITOKOL @eupy Jowats ICA | Pidilite|
Slide 4: 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 5: Performance Overview
PERFORMANCE OVERVIEW ➢ Current quarter`s revenue growth of 7% is aided by UVG of 8%. Demand for C&B products was impacted by rains in the beginning of the quarter. ➢ Consumer and Bazaar (‘C&B’) UVG is 6% with Rural markets continuing to outpace Urban markets. Business to Business (‘B2B’) continued t
Slide 6: Performance Overview
PERFORMANCE OVERVIEW ➢ International subsidiaries (excluding Pidilite USA and Pulvitec Brazil) for the quarter grew in double digits despite uncertain global economic conditions and political instability in some countries. EBITDA (excluding Pidilite USA and Pulvitec Brazil) also grew in double digit
Slide 7: Financial Highlights
FINANCIAL HIGHLIGHTS 6
Slide 8: Earnings Summary Q2 FY25
EARNINGS SUMMARY Q2’ FY25 NET SALES# EBITDA* PBT* PAT CONSOLIDATED Rs. 3,223 Cr Rs. 769 Cr Rs. 725 Cr Rs. 540 Cr YOY GROWTH 5.2% 13.1% 16.6% 17.8% STANDALONE Rs. 2,965 Cr Rs. 731 Cr Rs. 720 Cr Rs. 542 Cr YOY GROWTH 7.1% 13.7% 18.1% 19.2% #Comparable Consolidated Net Sales growth (excluding Pidilite
Slide 9: Earnings Summary H1 FY25
EARNINGS SUMMARY H1’ FY25 NET SALES# EBITDA* PBT* PAT CONSOLIDATED Rs. 6,607 Cr Rs. 1,582 Cr Rs. 1,495 Cr Rs. 1,112 Cr YOY GROWTH 4.4% 14.0% 18.1% 19.2% STANDALONE Rs. 6,099 Cr Rs. 1,502 Cr Rs. 1,462 Cr Rs. 1,094 Cr YOY GROWTH 6.6% 14.3% 18.0% 18.6% #Comparable Consolidated Net Sales growth (excludi
Slide 10: Segment Summary - Standalone
SEGMENT SUMMARY - STANDALONE (in INR Crores) Sr. Quarter Ended Half Year Ended PARTICULARS No. Sep'23 Sep'24 Growth (%) Sep'23 Sep'24 Growth (%) 1 Segment Sales a) C&B 2,269 2,385 5.1% 4,693 4,942 5.3% b) B2B 531 613 15.4% 1,107 1,242 12.1% c) Others 18 15 -17.7% 40 28 -30.0% Total 2,818 3,013 6.9%
Slide 11: Overseas Subsidiaries Performance Q2 FY25
OVERSEAS SUBSIDIARIES PERFORMANCE Q2 FY’25 (in INR Crores) Asia Sales 5% 75.1 78.6 EBITDA 17% 16.1 13.8 Middle East and Africa Sales 22% EBITDA 1% 81.7 67.0 6.6 6.5 i) The above numbers are at constant currency, excluding translation and consolidation adjustments. ii) Amounts in ‘bold ‘denotes CY 10
Slide 12: Overseas Subsidiaries Performance H1 FY25
OVERSEAS SUBSIDIARIES PERFORMANCE H1 FY’25 (in INR Crores) Asia Sales 2% 153.3 156.1 EBITDA 10% 29.5 26.7 Middle East and Africa Sales 21% 36% EBITDA 154.6 127.8 14.7 10.8 i) The above numbers are at constant currency, excluding translation and consolidation adjustments. ii) Amounts in ‘bold ‘denote
Slide 13: Domestic Subsidiaries Performance Q2 FY25
DOMESTIC SUBSIDIARIES PERFORMANCE Q2 FY’25 (in INR Crores) NET SALES EBITDA 200 9% 7% 39% 40 160 136.8 124.7 28.4 120 25 17.5 70.9 76.1 80 10 40 0.9 0 -5 (1.6) C&B B2B C&B B2B Q2 FY 24 Q2 FY 25 Q2 FY 24 Q2 FY 25 EBITDA is before exceptional items. Figures are reported excluding consolidation adjustm
Slide 14: Domestic Subsidiaries Performance H1 FY25
DOMESTIC SUBSIDIARIES PERFORMANCE H1 FY’25 (in INR Crores) NET SALES EBITDA 400 4% 1% 100 30% 36% 80 300 248.5 239.2 60 47.5 200 159.2 160.2 40 33.3 100 20 5.6 3.6 0 0 C&B B2B C&B B2B H1 FY 24 H1 FY 25 H1 FY 24 H1 FY 25 EBITDA is before exceptional items. Figures are reported excluding consolidation
Slide 15: Industry Segment Composition
INDUSTRY SEGMENT COMPOSITION 3.4% 82.5% 8.4% Consumer & Pigment & Bazaar products Industrial Resins, Preparations Construction chemicals (Project) etc. 17.0% Business to Business 0.5% products Others 5.2% 0.5% Industrial Others Adhesives 6.0% Art & Craft Materials etc. 55.5% Adhesives & 21.0% Sealan
Slide 16: 5-Year Performance by Business Segments (Standalone)
5-Year Performance by Business Segments (Standalone) Numbers represent Percentage of Total Sales Consumer and Bazaar (C&B) Business to Business (B2B) B2B includes Others also 84% 22% 82% 20% 20% 82% 81% 81% 20% 19% 19% 80% 80% 80% 18% 18% 78% 16% 76% 14% 74% 72% 12% 70% 10% 2019-20 2020-21 2021-22 2
Slide 17: Company at a Glance
COMPANY AT A GLANCE Brand established in 1959 Adhesives & sealants, History of creating Among the most trusted brands Pioneer in Consumer & construction chemicals, strong brands in the country. Other big brands Specialty Chemicals art & craft products & include M-Seal, Fevikwik, Fevistik, polymer em
Slide 18: Creating Value by Creating Categories
Creating Value by Creating Categories © PIONEER Established Brands Emerging categories Nascent Categories with high market with significant potential with huge market maturity and strong for market growth or creation opportunity share position share gain 1-2X GDP 2-4X GDP... 100 Crores revenue in 3
Slide 19: 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-Seal,
Slide 20: Connecting Digitally
CONNECTING DIGITALLY Mumbai Coastal Road Surat Diamond Bourse 19
Slide 21: Celebrating Occasions - Digital Way
CELEBRATING OCCASSIONS- DIGITAL WAY 20
Slide 22: Share Holding Pattern - 30th September 2024
SHARE HOLDING PATTERN- 30th September 2024 14.82% Promoters Mutual Funds 11.96% FPIs Others 3.62% 69.60% 21
Slide 23: Share Price Movement
SHARE PRICE MOVEMENT 140 135 130 125 120 115 110 105 100 95 90 85 Pidilite Sensex Rebased to 100 22
Slide 24: Consistent Dividend Payouts
CONSISTENT DIVIDEND PAYOUTS 50% 44.5% 45.4% 42.7% 39.9% 40% 36.9% 30% 20% 10% 0% FY20 FY21 FY22 FY23 FY24 Note: The Net Profit considered for above calculation is excluding exceptional items 23
Slide 25: Investor Relations
CIN : L24100MH1969PLC014336 Investor Relations Investor.relations@pidilite.co.in Manisha Shetty [Company Secretary] Ramkrishna Mandir Road, Off Mathuradas Vasanji Road, Andheri (E), Mumbai - 400 059. Phone : +91 22 28357949 Fax : +91 22 28216007 24