Berger Paints India Limited · NSE:BERGEPAINT
Berger Paints India — Q1 FY24 Earnings Presentation
23 slides from Berger Paints India's earnings presentation, Aug 9, 2023
Slide 1: Exchange filing cover letter
STOCK. EXG/ AG/ 2023-24 9th August, 2023 The Corporate Relationship The Listing Department Listing Department Department National Stock Exchange of The Calcutta Stock Exchange BSE Limited, India Limited Ltd. 1st Floor, Exchange Plaza, 5th Floor, 7 Lyons Range, Phiroze Jeejeebhoy Towers, Plot No.-C/1
Slide 2: Earnings Update Call, Q1 FY24
Berger Paints India Limited Earnings Update Call, Q1 FY24 August 9, 2023
Slide 3: Paint your Imagination
Wl ris Wood Finishes like no Berger Imperia Luxur
Slide 4: Q1 FY24 Performance
esidential Vith Our Repainting id Renovation Solutions Renew Your Favourite Furniture
Slide 5: Financial Results – Standalone Q1 FY24
Financial Results – Standalone Q1 FY24 Rs Crores % to Total % to Total Q1 FY24 Income Q1 FY23 Income Growth % Total income from operations 2,739.76 2,488.67 10.1 Material Cost 1,661.27 60.6 1,610.32 64.7 Employee Cost 126.24 4.6 110.79 4.5 Other expenses 438.42 16.0 393.84 15.8 PBDIT (Excluding Othe
Slide 6: Volume and Value Sales Growth
Volume Sales Growth % 39.9 2Yrs Compounded 5Yrs Compounded 3Yrs Compounded Growth 25.5 % Growth 18.5 % Growth 39.6 % 12.7 Q1 FY23 Q1 FY24 Value Sales Growth% 53.7 3Yrs Compounded 2Yrs Compounded 5Yrs Compounded Growth 30.1 % Growth 49.1 % Growth 18.9 % 10.1 Q1 FY23 Q1 FY24 Sustained High double digi
Slide 7: Business Highlights
Business Highlights Strong performance for the quarter Highest gain in market share in the industry Highest Profitability growth in Q1FY24
Slide 8: Market Share
Market Share 20.2 19.3 19.0 18.6 18.4 18.3 18.0 FY18 FY19 FY20 FY21 FY22 FY23 Q1 FY24 Market Share percentage calculated on 5 listed paint companies Market share calculated for Berger Paints’ India operation
Slide 9: Decorative Business on sustained growth path
Decorative Business on sustained growth path Healthy double-digit volume and value growth continued in spite of of very high base and an inflationary environment Business also showed good growth sequentially Water proofing business continued to show strong growth Both urban and rural markets showed
Slide 10: New Products
New Products DON’T LET THE SUMMER HEAT & DUST LOSE THE KOOLNESS OF YOUR HOUSE! a J | Berger
Slide 11: New Products
New Products i * *” SSIK GLAMOR* VARY SUPER SHEEN
Slide 12: New Products
New Products Moisture Cured PU (SB) ELASTOSEAL NON-UV Spray-applied Polyurea (MP500/MP250) Brush-able Polyurea ULTRASEAL BA Berger Roof Coating
Slide 13: New Products
New Products Epoxy Tile Grout 3P & 2P
Slide 14: Industrial Business: Q1FY24
Industrial Business : Q1FY24 Protective coatings and General Industrial business continued its steady growth for the quarter aided marginally by the impact of improved price realization Automotive business had a modest growth on account of subdued growth in the two- wheeler industry Powder Coatings
Slide 15: Gross Margin (%) - Standalone
Gross Margin (%) - Standalone 39.6 39.4 38.3 37.9 37.7 36.0 35.3 34.5 33.8 Q1FY22 Q2FY22 Q3FY22 Q4FY22 Q1FY23 Q2FY23 Q3FY23 Q4FY23 Q1FY24
Slide 16: Improving Profitability: PBDIT (%) - Standalone
Improving Profitability : PBDIT (%) - Standalone 18.8 15.7 16.3 15.2 15.6 15.0 13.6 13.4 12.9 Q1FY22 Q2FY22 Q3FY22 Q4FY22 Q1FY23 Q2FY23 Q3FY23 Q4FY23 Q1FY24
Slide 17: Improving financial health: Debt Position
Improving financial health : Debt Position Net debt (Rs Crs) Net debt showed further reduction in the first quarter of FY24 • No major capacity expansion planned for 1008 the year • Improvement in Net working Capital 610 • We maintain our stance to get net cash positive by end of FY24 326 243 Mar FY
Slide 18: Financial Results - Consolidated Q1FY24
Financial Results- Consolidated Q1FY24 Rs Crores % to Total % to Total Q1FY24 Income Q1FY23 Income Growth % Total income from operations 3,029.51 2,759.70 9.8 Material Cost 1,823.09 60.2 1,773.14 64.3 Employee Cost 166.90 5.5 146.03 5.3 Other expenses 482.77 15.9 435.69 15.8 PBDIT (Excluding Other I
Slide 19: Performance - Consolidated: Q1 FY24
Performance - Consolidated: Q1 FY24 Company’s overseas subsidiary, Bolix S.A, Poland had a strong quarter of both topline and profitability growth driven by good performance in the U.K. business Company’s overseas subsidiary, BJN Nepal had another quarter of degrowth in topline and profitability
Slide 20: Road to sustainability: ESG Initiative
Road to sustainability : ESG Initiative Project Jal : 2.88 lakh ltrs of Power Consumption: water saved on a daily basis which can quench thirst of Environment Social Solar Power generation in FY23: 96000 humans daily 66,41,152 KWH 8430.85 MT of CO2 emission 35% increase in solar power reduced th
Slide 21: Carbon Footprint Reduction
Carbon Footprint Reduction (In MT) 19,635 15,062 10,319 7,836 8,502 4,684 5,105 3,277 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23
Slide 22: Confident outlook for the business
Confident outlook for the business • Company expects to end the year with double digit revenue growth as the demand outlook remains good in view of positive monsoon progress, infrastructure spends and extended festive season • Profitability expected to sustain on moderation of raw material prices in
Slide 23: Disclaimer
Disclaimer This presentation has been prepared by Berger Paints India Limited for information purposes only. The forward looking statements, if any, involve risks, uncertainties and other factors that could cause actual results to differ materially from those suggested by the statements.