Slide 1: Q4 FY24 Presentation
Q4 FY24 Presentation 10 May 2024
Slide 2: Q4 FY24 Financial Performance
Q4 FY24 Financial Performance Polycab India Limited | Q4 FY24 Earnings Presentation 2
Slide 3: Key Highlights
Key Highlights Top-line Operating Profitability Profitability (PAT) Top-line (Revenue) (Revenue) Operating (EBITDA) (EBITDA) Profitability (PAT) (PAT) Q4 FY24: 55,919 Mn Q4 FY24: 7,615 Mn Q4 FY24: 5,535 Mn 29% YoY 26% YoY 29% YoY 29% QoQ 34% QoQ 33% QoQ FY24: 1,80,394 Mn FY24: 24,918 Mn FY24: 18,029
Slide 4: FY24: Surpassed ₹180 Bn in Revenues; Highest Ever PAT
FY24: Surpassed ₹ 180 Bn in Revenues; Highest Ever PAT Revenue (₹ Mn) EBITDA (₹ Mn) PAT (₹ Mn) 1,80,394 14.0% 13.6% 13.8% 9.9% 9.6% 9.9% 9.1% 10.0% 13.1% 13.1% 1,41,078 24,918 18,029 18,429 12,831 55,919 43,237 43,405 7,615 5,535 6,032 5,695 4,287 4,165 29% YoY 29% QoQ 28% YoY 26% YoY 34% QoQ 35% Yo
Slide 5: Key Highlights for FY24
Key Highlights for FY24 FY23 FY24 Market Share 22-24% 2%-3% 25-26% Significant market share gains in domestic organized C&W industry via strategic internal initiatives EBITDA Margin 13.1% 70 Bps 13.8% Profitability enhanced through improvement in gross margins Capex ₹ 4.6 Bn 87% ₹ 8.6 Bn Cash flows
Slide 6: Business Mix
Business Mix Product Mix Mode of Sales 5% 7% 8% Wires & Cables Domestic Business FMEG International Business Others 88% 92% Polycab India Limited | Q4 FY24 Earnings Presentation 6
Slide 7: Growth Story Since Listing
Growth Story Since Listing Revenue EBITDA Margin Net Cash ₹ 180 Bn 13.8% ₹ 21.4 Bn 11.9% ₹ 80 Bn CAGR: 18% ~190 bps ₹ 0.45 Bn 47x FY19 FY24 FY19 FY24 FY19 FY24 International Market Share Dividend Business (Domestic Organized W&C) ₹ 14.4 Bn 25-26% ₹ 30 18% ₹ 2.5 Bn ₹3 CAGR: 42% 7-8% CAGR: 58% FY19 FY
Slide 8: Shareholder Returns Since Listing
Shareholder Returns Since Listing 5 Years Back Market Capitalization increased at a CAGR of 63% ₹ 8,000+ Mn of dividend distributed to shareholders* 886% Market Cap ₹ 872 Bn (USD 10.5 Bn) (as of 9th May 2024) 208% 198% 186% 184% Apr'19 Aug'19 Aug'20 Aug'21 Jul'19 Nov'19 Jan'20 Jul'20 Nov'20 Jan'21 J
Slide 9: Wires & Cables
Wires & Cables Polycab India Limited | Q4 FY24 Earnings Presentation 9
Slide 10: Strong Quarter Caps Off a Year of Outperformance
Strong Quarter Caps Off a Year of Outperformance Revenue (₹ Mn) EBIT (₹ Mn) Margin 1,58,922 14.6% 14.0% 15.1% 14.7% 13.1% 1,25,369 27, 000 23,299 25. 0% 23. 0% 21. 0% 22, 000 16,447 19. 0% 17. 0% 17, 000 15. 0% 47,918 13. 0% 7,231 12, 000 39,347 38,730 5,728 5,436 11. 0% 9. 0% 7, 000 7. 0% 26% YoY 3
Slide 11: Geographic Reach: Domestic & International
Geographic Reach: Domestic & International Domestic Zone-Wise Distributors Split International Business Spread 79 70 21% 21% 63 58 West 53 48 South North East 29% 29% FY19 FY20 FY21 FY22 FY23 FY24 Polycab India Limited | Q4 FY24 Earnings Presentation 11
Slide 12: Powering India's Development
Powering India’s Development Navi Mumbai Airport NH66 Highway Jawahar Tunnel, J&K Specialized Projects Infrastructure Commercial & Urban Development • Defence (Battery Charging Unit, Sikkim) • Power Plant (Lakwa Thermal Power Project) • Mall (Lulu Mall, Calicut) • Mining (Seabird Karwar, Karnataka)
Slide 13: FMEG
FMEG Polycab India Limited | Q4 FY24 Earnings Presentation 13
Slide 14: Decent Growth in a Seasonally Strong Quarter
Decent Growth in a Seasonally Strong Quarter Revenue (₹ Mn) EBIT (₹ Mn) Margin 12,512 12,828 -0.5% -2.3% -7.3% -12.7% -12.9% -71 -62 -365 3,029 3,536 -458 2,883 17% YoY 23% QoQ 3% YoY -939 Q4 FY23 Q3 FY24 Q4 FY24 FY23 FY24 Q4 FY23 Q3 FY24 Q4 FY24 FY23 FY24 ▪ FMEG business exhibited a growth of 17% Y
Slide 15: Others
Others Polycab India Limited | Q4 FY24 Earnings Presentation 15
Slide 16: Other Segments
Other Segments Revenue (₹ Mn) EBIT (₹ Mn) Margin 9,642 17.4% 12.1% 11.5% 8.5% 5.5% 1,105 4,676 3,584 2,164 377 396 432 1,013 361% YoY 116% QoQ 169% YoY 56 605% YoY 5% QoQ 156% YoY Q4 FY23 Q3 FY24 Q4 FY24 FY23 FY24 Q4 FY23 Q3 FY24 Q4 FY24 FY23 FY24 ▪ Other segment largely comprises of our EPC busines
Slide 17: Project LEAP
Project LEAP Polycab India Limited | Q4 FY24 Earnings Presentation 17
Slide 18: Project LEAP: Progressing Well Towards Achieving FY26 Goals
Project LEAP: Progressing Well Towards Achieving FY26 Goals Customer Centricity Go-To-Market Excellence Winning with New Products Setup of Organization Enablers • Enhanced Key Account Management • Completed Brand Identity Refresh and • Product led growth through full brand • Vertical Specialization:
Slide 19: Project LEAP: Key Themes & Priorities for the Coming Years
Project LEAP: Key Themes & Priorities for the Coming Years Creating data backed model at a micro- market level Pivoting from product to solutions Unlock micro-market opportunities through (Mid-to-Long Term) data backed analytics Defining value proposition, designing customized solutions and services
Slide 20: FY24 Titbits
FY24 Titbits Awards & Recognition Manufacturing Excellence ET Entrepreneur Make in India - Comprehensive CMD Honored by the Awards by IMEXI Awards 2024 Passive Networking Brand Bombay Metal Exchange Manufacturing Smart Factory Excellence IDC Future ASRA-2023 for Asia's Best CA Business Leader Award
Slide 21: Shareholding Pattern
Shareholding Pattern Polycab India Limited | Q4 FY24 Earnings Presentation 21
Slide 22: Shareholding Pattern
Shareholding Pattern Listing Current 15% 16% Promoter 2% FII 10% 5% DII 1% FY19 FY24 QIB + AIF 3% 12% IFC 2% 65% Others 69% Note: As on 31st March 2024. DII (Domestic Institutional Investors) includes “Mutual Funds”. FII (Foreign Institutional Investors) includes "Foreign Portfolio - Corp" and "Fore
Slide 23: Financial Statements
Financial Statements Polycab India Limited | Q4 FY24 Earnings Presentation 23
Slide 24: Consolidated Profit and Loss Statement
Consolidated Profit and Loss Statement Quarter Year To Date Particulars (₹ Mn) Q4 FY24 % Q3 FY24 % Q4 FY23 % FY24 % FY23 % Revenue from Operations 55,919 100.0% 43,405 100.0% 43,237 100.0% 1,80,394 100.0% 1,41,078 100.0% Cost of Goods sold 41,792 74.7% 31,692 73.0% 32,357 74.8% 1,32,803 73.6% 1,05,1
Slide 25: Consolidated Balance Sheet
Consolidated Balance Sheet Particulars (₹ Mn) Mar-24 Dec-23 Mar-23 Particulars (₹ Mn) Mar-24 Dec-23 Mar-23 Assets Equity and Liabilities Non-current Assets Shareholder’s Funds Fixed Assets 29,160 26,656 23,177 Share Capital 1,502 1,502 1,498 Non-current Deposits 58 91 6 Reserves and Surplus 80,369 7
Slide 26: Consolidated Cash Flow Statement
Consolidated Cash Flow Statement Quarter Year To Date Particulars (₹ Mn) Q4 FY24 Q3 FY24 Q4 FY23 FY24 FY23 Net Cash Flow from Operating Activities 5,085 4,948 1,199 12,962 14,275 Net cash flow from/ (used in) investing activities -4,549 -4,593 -946 -7,519 -12,026 Net cash flow from/ (used in) financ
Slide 27: Other Financial Metrics
Other Financial Metrics Average Closing Working Capital Days FY24 FY23 FY22 FY24 FY23 FY22 Receivable Days 33 33 41 41 32 39 Inventory Days 91 89 81 101 102 85 Payable Days* 81 71 67 94 85 63 Net Working Capital 44 51 54 48 50 61 * Including Acceptances Other Income (₹ Mn) Q4 FY24 Q3 FY24 Q4 FY23 FY
Slide 28: Safe Harbour Notes and General Definitions
Safe Harbour Notes and General Definitions This Release/ Communication, except for the historical information, may contain 1. Numbers on consolidated basis in ₹ million statements, including the words or phrases such as ‘expects, anticipates, intends, 2. Revenue: Revenue from operations will, would,
Slide 29: Thank You
THANK YOU Scan for Polycab India Limited Financial Results Contact us For investor relations: investor.relations@polycab.com For queries on shares & investor grievance: shares@polycab.com Download Link Website: www.polycab.com Polycab India Limited | Q4 FY24 Earnings Presentation 29