Shankara Buildpro Limited · NSE:BUILDPRO
Shankara Buildpro — Shankara Building Products — Q1 FY2025 Earnings Presentation
17 slides from Shankara Buildpro's earnings presentation, Aug 8, 2024
Slide 1: Investor Presentation Q1 FY2025
Slide 2: Disclaimer
Disclaimer The statements contained in this document speak only as at the date as of which they are made and certain statements made in this presentation relating to the Company’s objectives, projections, outlook, expectations, estimates, among others may constitute ‘forward-looking statements’ with
Slide 3: Highlights for the quarter
Highlights for the quarter Financial Highlights ▪ Q1FY2025 revenues grew by 14% YoY, led by steel volumes & non-steel growth, while steel prices softened ▪ EBITDA grew by 20% YoY, EBITDA margin expanded by 15 bps YoY to 3.2% with improved mix ▪ PAT was impacted by increase in finance cost, primarily
Slide 4: Q1 FY2025 Highlights
Q1 FY2025 Highlights Revenue EBITDA PAT 1,291 41 16 +14% YoY +20% YoY -7% YoY Steel Volume +20% YoY EBITDA Margin PAT Margin Non-Steel Revenue +35% YoY 3.20% (+15 bps YoY) 1.24% Figures in Rs. Crore 4
Slide 5: Consistent growth in revenue and EBITDA, while building a diversified business model
Consistent growth in revenue and EBITDA, while consciously building a diversified business model Healthy revenues despite weak macroeconomic condition Steady margins with focus on VAS and non-steel products 100 5.0 % 90 +14% YoY 80 4.0 % 3.4% 3.3% 3.2% 70 3.0% 3.2% 3.0 % 60 50 2.0 % 40 1,377 1,291 1
Slide 6: Steadily growing volume as well as value within steel business
Steadily growing volume as well as value within steel business Steel Volume (kT) 5% Steel Tubes & Pipes 5% Q1FY25 7% +20% YoY Steel-Flat Products STEEL 71 55 14% 48 57 57 Roofing 123 121 99 100 100 69% TMT Q1FY24 Q2FY24 Q3FY24 Q4FY24 Q1FY25 Steel-Long Products Steel Pipes & Tubes Value Added Steel S
Slide 7: Aggressively expanding higher margin non-steel business
Aggressively expanding higher margin non-steel business Diversifying portfolio into non-steel building products NON-STEEL Q1FY25 +35% YoY Sanitaryware 22% 136 137 Revenue (Rs. Crore) 129 Tiles 101 104 41% 2% 2% PVC Pipes & Fittings Electricals Q1FY24 Q2FY24 Q3FY24 Q4FY24 Q1FY25 33% Sanitaryware Tile
Slide 8: Strategic initiatives aimed at improving value-added portfolio
Strategic initiatives aimed at improving value-added portfolio •Started distribution in ❑ Private label, Fotia Ceramica has seen successful ramp up in Kerala & Tamil ❑ Strengthening premium range with addition of brands like Nadu; expanding in Karnataka, Maharashtra & other Southern states Duravit,
Slide 9: Building an omnichannel marketplace for building materials
Building an omnichannel marketplace for building materials 126 21 92 13 Fulfillment Centers Warehouses Retail Stores Processing Units 13.3 lakh sq ft 5.0 lakh sq ft 4.7 lakh sq ft 3.6 lakh sq ft Processing Facilities Vishal Precision ▪ Processing of tube and cold Steel Tubes & rolled strip Suppliers
Slide 10: With online presence becoming a key enabler for future growth
With online presence becoming a key enabler for future growth Online Discovery of wide range of products Offline Push through Fulfillment Centers Anytime, Anywhere With launch of “BuildPro” app (Google Play & App Store) and website: • Shankara has evolved from a traditional marketplace to online mar
Slide 11: Dominant position in South, now expanding into other regions
Dominant position in South, now expanding into other regions Warehouses 10/1 South India 3% Processing Units States/UT 2% 90% FY21 8% West India 13% Q1FY25 45 BuildPro Store 84% Central India Cities South India West India Central India 3Y CAGR +31% Q1FY25 3Y CAGR +49% Q1FY25 3Y CAGR +59% Q1FY25 +9%
Slide 12: Resilient Retail, thriving Non-retail growth
Resilient Retail, Expanding beyond South thriving Non-retail growth Revenue (Rs. Crore) EBITDA (Rs. Crore) Retail Parameters Q1FY25 Q1FY24 Change YoY Retail Stores (No.) 92 91 1% Steel Non-Steel 5.7% 684 Retail Area (lakh sq ft) 4.74 4.58 3% Retail 631 5.1% 50 6% 45 4% No. of Transactions 116,867 13
Slide 13: Consolidated Profit & Loss Statement
Consolidated Profit & Loss Statement Particulars (Rs. Crore) Q1 FY25 Q1 FY24 Change YoY Revenue from Operations 1,291 1,132 14% Other Income 0.5 0.5 15% Cost of Materials Consumed 1,216 1,069 14% Employee Expenses 14 13 16% Other Expenses 19 16 20% EBITDA 41 34 20% EBITDA Margin % 3.2% 3.0% 15 bps D
Slide 14: Demerger Update
Demerger Update Creating two distinct focused entities
Slide 15: Demerger to create two separate entities
Demerger to create two separate entities, focused on building materials marketplace and manufacturing respectively Building Materials Marketplace Post segregation, Shankara Building Products Ltd (with its omnichannel presence) will be will be a focused listed entity for traditional separated to crea
Slide 16: Implementation timeline
Implementation timeline Estimated timeline for the demerger: 10-14 months from Board Approval date Dec-23 Q4 FY2024 Q1 FY2025 Jul’24 to Mar’25 Board Approval Filing of Application with Stock Exchanges NOC from SEBI Filing with NCLT Shareholders/ Creditors Meeting NCLT Approval RoC Intimation Listing
Slide 17: Thank You
Thank You Scan the QR to experience the Shankara Building Products Limited CIN: L26922KA1995PLC018990 Mr. Alex Varghese, Chief Financial Officer ir@shankarabuildpro.com www.shankarabuildpro.com Android iOS
Shankara Building Products — Q1 FY2025 Earnings Presentation on 6ix