V-guard Industries Limited · NSE:VGUARD
V-guard Industries — Q1 FY2016 Earnings Presentation
22 slides from V-guard Industries's earnings presentation, 2015
Slide 1: V-Guard Industries Q1 FY2016 Earnings Presentation
V-Guard Industries Q1 FY2016 Earnings Presentation
Slide 2: Disclaimer
Disclaimer Certain statements in this communication may be ‘forward looking statements’ within the meaning of applicable laws and regulations. These forward-looking statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially from those s
Slide 3: Table of Contents
Table of Contents C o m p a ny O v e r v i e w MD’s Message F i n a n c i al H i g h l i g ht s S e g m e n t - w i se / Ge o g r ap hi c a l B r e a k u p o f R e v e n ue s Outlook A n n e x ur e 3
Slide 4: Company Overview
Company Overview • Electronics - Stabilizers, UPS and Digital UPS C o m p r e he n s iv e p o r t f o li o • Electricals - Pumps, House Wiring and Industrial Cables, Electric Water Heaters, Fans catering to the mass • Other products include Solar Water Heaters, Induction cooktops, Switchgears and Mi
Slide 5: Managing Director's Message
Managing Director’s Message Commenting on the performance for Q1 FY16, Mr. Mithun Chittilappilly, Managing Director – V-Guard Industries Limited said, “We have started the year on a steady note delivering a topline growth of 5% YoY and bottom line growth of 13% YoY in Q1 FY16. Non-South markets reco
Slide 6: Key Highlights – Q1 FY2016
Key Highlights – Q1 FY2016 Revenue growth of 5% YoY/13% QoQ to Rs. 499 crore Strong cash generation • Non-south markets grew 16% YoY on a high base in Q1 • Cash from operations strong at Rs. 22 crore during Q1 FY16 FY15 • Utilized to further bring down debt by Rs. 15.2 crore • Water heaters segment
Slide 7: Financial Highlights (Q1 FY2016 vs Q1 FY2015)
Financial Highlights (Q1 FY2016 vs Q1 FY2015) Total Income (Rs. crore) Gross Profit EBITDA (Rs. crore) PAT (Rs. crore) 478 139 124 41 45 25 22 Q1 FY15 Q1 FY16 Q1 FY15 Q1 FY16 Q1 FY15 Q1 FY16 Q1 FY15 Q1 FY16 Key ratios (%) Q1 FY16 Q1 FY15 Gross Margin 27.9% 26.0% EBITDA Margin 9.0% 8.6% Net Margin 5.
Slide 8: Financial Highlights – Balance Sheet Perspective
Financial Highlights – Balance Sheet Perspective Balance Sheet Snapshot (Rs. crore) 30 June 2015 31 March 2015 30 June 2014 Net worth 403.6 377.7 340.4 Total debt 52.5 67.7 82.5 o Working capital 24.0 36.7 44.4 o Term loan 28.5 31.0 38.1 Acceptances 33.5 96.9 69.3 Key Ratios 30 June 2015 31 March 20
Slide 9: Segment-wise Breakup of Revenues – Q1 FY16 vs Q1 FY15
Segment-wise Breakup of Revenues – Q1 FY16 vs Q1 FY15 Q1 FY2016 Q1 FY2015 Products Contribution (%) Contribution (%) YoY growth (%) (Rs. cr.) (Rs. cr.) Stabilizers 119.7 24% 111.0 23.2% 7.8% UPS (Digital + Standalone) 59.7 12% 82.5 17.3% -27.6% Electronics Segment Total 179.4 36% 193.5 41% -7.3% Pum
Slide 10: Geographical Breakup of Gross Revenues
Geographical Breakup of Gross Revenues South Non-South Contribution (%) 314 309 193 480 502 167 -1.5% 35% 38% South 65% 62% Non-South Q1 FY15 Q1 FY16 Q1 FY15 Q1 FY16 Q1 FY15 Q1 FY16 10
Slide 11: Outlook
Outlook Distribution Advertising Working Capital Financial Industry Drivers Network Expenditure Efficiencies Performance • Strong demand from • To increase more • Continued investments • Target to reduce cash • Expectations of 15% housing construction retailers below existing in advertising and conv
Slide 12: Annexure
Annexure
Slide 13: Production Model
Production Model PVC Cable Factory LT Cable Factory Solar Water Heater Factory Stabilizer Manufacturing Units No. of Product Units Location Outsourcing Objectives Own Manufacturing Facilities • Asset light model outsourcing ~60% products PVC Wiring Cables 2 Coimbatore, Kashipur • Complete control ov
Slide 14: Financial Highlights (FY11-15)
Financial Highlights (FY11-15) Revenue EBITDA and EBITDA Margins PAT and PAT Margins CAGR – 26% CAGR – 16% CAGR – 16% 1,746 160 15.0% 1,518 140 10.7% 80 5.6% 7.0% 1,360 9.9% 12.0% 70 5.3% 6.0% 120 4.7% 4.6% 8.3% 7.9% 60 4.1% 5.0% Rs. crore Rs. crore Rs. crore 965 100 9.0% 50 4.0% 699 80 40 8.4% 6.0%
Slide 15: Operational Highlights (FY11-15)
Operational Highlights (FY11-15) Ad Spends and as a % of Sales Expanding Geographic Presence CAGR – 26% 80 15.0% 22% 21% 25% 30% 12.0% 33% 60 9.0% 40 4.0% 4.2% 4.3% 3.9% 4.0% 6.0% 78% 79% 75% 70% 67% 20 3.0% 27 41 58 60 69 0 0.0% FY2011 FY2012 FY2013 FY2014 FY2015 FY2011 FY2012 FY2013 FY2014 FY2015
Slide 16: Segment-wise Breakup of Revenues – FY15 vs FY14
Segment-wise Breakup of Revenues – FY15 vs FY14 FY2015 FY2014 Products Contribution (%) Contribution (%) YoY growth (%) (Rs. cr.) (Rs. cr.) Stabilizers 326.8 19% 266.4 17.6% 22.7% UPS (Digital + Standalone) 222.1 13% 184.0 12.1% 20.7% Electronics Segment Total 548.9 31% 450.4 30% 21.9% Pumps 189.0 1
Slide 17: Geographic Breakup of Revenues – FY15 vs FY14
Geographic Breakup of Revenues – FY15 vs FY14 South Non-South Contribution (%) 1,175 581 1,538 1,082 1,756 456 30% 33% South 70% 67% Non-South FY14 FY15 FY14 FY15 FY14 FY15 17
Slide 18: Market Size across Product Segments
Market Size across Product Segments Market Size (Rs. Crore)* Production Product Key Players Distribution Channel Strategy Model Organised Unorganised Total Bluebird, Capri, Consumer Durable stores, 400.00 800.00 1,200.00 Logicstat, 100% Outsourced Electrical and Hardware Premier, Stores Everest STAB
Slide 19: Market Size across Product Segments
Market Size across Product Segments Market Size (Rs. Crore)* Production Product Key Players Distribution Channel Strategy Model Organised Unorganised Total Crompton Electrical and hardware Greaves, 900.00 1,100.00 2,000.00 90% Outsourced Stores, Pump and Pipe Kirloskar, CRI, fittings Stores Texmo MO
Slide 20: Market Size across Product Segments
Market Size across Product Segments Market Size (Rs. Crore)* Production Product Key Players Distribution Channel Strategy Model Organised Unorganised Total Numeric, 160.00 240.00 400.00 APC, Outsourced Consumer Durable stores Emerson UPS Consumer Durable stores, Microtek, Electrical and Hardware 6,5
Slide 21: About V-Guard Industries
About V-Guard Industries V-Guard Industries Limited (BSE:532953, NSE: VGUARD) is a Kochi based company, incepted in 1977 by Kochouseph Chittilapilly to manufacture and market Voltage stabilizers. The Company has since then established a strong brand name and aggressively diversified to become a mult
Slide 22: Thank You
THANK YOU