Pg Electroplast Limited · NSE:PGEL
Pg Electroplast — Q3 FY2022 Earnings Presentation
26 slides from Pg Electroplast's earnings presentation, Feb 14, 2022
Slide 1: Cover letter to stock exchanges
(/j PG PG ELECTROPLAST LIMITED CIN-L321 09DL2003PLC 119416 Unit-IV A-20/2, MIDC Supa, Taluka· Parner Distt. Ahmednagar, Maharashtra ·414301, India Phone : 02488·213343 E-mail# info@pgel.in Website# www.pgel.in February 14, 2022 To, To, The Manager (Listing) The Manager (Listing) BSE Limited, Nationa
Slide 2: PG Electroplast Company Update 3Q FY2022
PG Electroplast Company Update 3Q FY2022, February 2022 1
Slide 3: Disclaimer
Disclaimer This presentation has been prepared for informational purposes only. This Presentation does not constitute a prospectus, Offering circular or offering memorandum and is not an offer or initiation to buy or sell any securities, nor shall part or all of this presentation from the basis of,
Slide 4: Agenda
Introduction Quarterly Financials Agenda Quarterly - Key Metrics Strategy & Outlook Historical Financials 3
Slide 5: About PG Electroplast Limited
▪ PG Electroplast Limited (PGEL) is the flagship company of PG Group. While the PG Group had started its journey in 1977, PG Electroplast was formally set up in 2003 and is a leading, diversified Indian Electronic Manufacturing Services provider. ▪ PGEL specializes in Original Design Manufacturing (
Slide 6: Our Journey
AC Outdoor Unit Assembly capabilities developed. Developed and launched ODM platform for Fully Automatic Washing Machines. Developed and launched ODM platform for Air Coolers. Our 2021 Journey 5
Slide 7: Industries Served
Industries Served Air Washing LED Air Automotive Bathroom Consumer Conditioners Machines Televisions Coolers Components Fittings Electronics 6
Slide 8: Key Financials
• The Company has grown ~2.7 times in five years from a revenue of INR 263 crores in 2015-16, to INR 706 crores in 2020-2021 at a 22% CAGR with the EBITDA Key Financials increasing at a 20% CAGR. • Over the past five years, the company has done a cumulative Capital Expenditure of close to INR 220 Cr
Slide 9: Key Clients
Key Clients BLUE STAR BPL ~idea" Crompton Fliphart Heier ~ .-y Honeywell INTeX ~ HAVELLS ...1 A B 1 L joquor KeL.,-;~a~or KOHLER. LAVA - LG LUMI\X motherson •II Q ~!Jt~cnt Panasonic Reft ncedigital 5ic:dc:::amp l'.t'SANSUI &mr., mmmll 8
Slide 10: Agenda
Introduction Quarterly Financials Agenda Quarterly - Key Metrics Strategy & Outlook Historical Financials 9
Slide 11: 3QFY2022 Consolidated Profit & Loss Highlights
• 9MFY2022 Revenues stand at ~600 crores with a 60% growth. EBITDA growth 3QFY2022 stands of 49%. Product Business crossed 215 crores in 9MFY2022, growing over 117% Consolidated Profit • High commodity prices, TV Business & start up costs in new unit of PGTL and one-off expenses impacted margins thi
Slide 12: 9M 2022 Balance sheet - Consolidated
9M 2022 Balance sheet - Consolidated As on As on As on As on A. EQUITY AND LIABILITIES B. ASSETS 30.12.2021 31.03.2021 30.12.2021 31.03.2021 (a) Share capital 214.4 196.9 (a) Fixed assets 3294.5 2,731.3 (b) Reserves and surplus 2605.9 1,727.8 (b) Capital Work in Progress 628.2 60.1 Sub-Total - Share
Slide 13: Agenda
Introduction Quarterly Financials Agenda Quarterly - Key Metrics Strategy & Outlook Historical Financials 12
Slide 14: Financial Metrics
• EBITDA margins are impacted due to the one-off expenses and startup costs, However operating leverage in coming quarters should help normalize margins. Financial • Working capital is stretched in anticipation of strong AC business ramp-up & Metrics due to the supply chain disruptions & arising con
Slide 15: Business Breakup
• The Washing Machine (WM) and AC IDU Business has seen robust growth, WM business grew 99%, and AC business grew 185% in 9M. We continue to Business invest in new platforms in both AC and WM businesses. • Products business remains the focus area and growth driver for the Breakup company. • For FY20
Slide 16: Major Highlights of 9MFY22
• Company has been able to strengthen its balance sheet by completing its Equity raise program. • Due to COVID-19 mandated shutdowns and its after-effects, Production loss for the first half has been significant across segments. However, company has seen good acceptance of its product business. • Ma
Slide 17: Some Images of PGTL Supa
Some Images of PGTL Supa 16
Slide 18: Some Images of PGTL Supa
Some Images of PGTL Supa 17
Slide 19: Agenda
Introduction Quarterly Financials Agenda Quarterly - Key Metrics Strategy & Outlook Historical Financials 18
Slide 20: Industry Outlook
Industry Outlook The Rapid rate of urbanization, Low penetration levels, falling Government reforms such as growth of young population with prices of durables and electronics Digital India, Make in India, Power rising income levels is leading to and changing lifestyle of the for all and Jan Dhan-Aad
Slide 21: Future Growth Strategy
Future Growth Strategy • Washing Machines Company foresees large • Room Air conditioner opportunities in plastic • Refrigerators moulding in consumer durables in appliances like: • Ceiling Fans • Sanitaryware products • Air coolers Opportunities in the ODM • Washing machines space for products like:
Slide 22: Future Outlook
Gradual improvement in margins due to better operational Future Outlook efficiencies and higher operating leverage Improving • Product business to drive profitability and growth for the company higher cash- flows, will lead to better capital • Company is developing new efficiency and stronger balanc
Slide 23: Agenda
Introduction Quarterly Financials Agenda Quarterly - Key Metrics Strategy & Outlook Historical Financials 22
Slide 24: Profit & Loss Statement
Profit & Loss Statement Figures in INR Millions Mar-16 Mar-17 Mar-18 Mar-19 Mar-20 Mar-21 Net Sales 2,603 3,664 3,994 5,084 6,394 7032 Growth (%) 9.0% 40.8% 9.0% 27.3% 25.8% 10.0% Expenditure 2.422 3,456 3,749 4,777 5,993 6534 Increase/Decrease in Stock (48) 19 (109) (41) (70) 32 Raw Material Consum
Slide 25: Balance Sheet
Balance Sheet A. EQUITY AND March 16 March 17 March 18 March 19 March 20 March 21 B. ASSETS March 16 March 17 March 18 March 19 March 20 March 21 LIABILITIES (a) Share capital 164 164 164 187 195 197 (a) Fixed assets 1456 1620 1785 1921 2532 2726 (b) Reserves and surplus 1,032 1,068 1,144 1,504 1,56
Slide 26: Thank You for Your Time and Consideration!
Thank You for Your Time and Consideration! 25