Everest Industries Limited · NSE:EVERESTIND
Everest Industries — Q4 FY2013 Earnings Presentation
31 slides from Everest Industries's earnings presentation, May 2013
Slide 1: Analyst Presentation May 2013
Analyst Presentation May 2013
Slide 2: Safe Harbor
Safe Harbor ➧ This presentation has been prepared by Everest Industries Limited (the “Company”) solely for information purposes and does not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form the basis or be relied on in connection with
Slide 3: Key Highlights & Developments
Key Highlights & Developments 3
Slide 4: Expansion at Baleshwar, Odisha
Expansion at Baleshwar, Odisha ➧ Green field expansion of 100,000 MT Trial production started in Q4 FY13 Commercial operation to start from mid 2013 Post commencement the Total Capacity of Building Products will reach 810,000 MT Advantage of the Plant: • Ability address Eastern market • Savi
Slide 5: Plant at Baleshwar, Odisha
Plant at Baleshwar, Odisha 5
Slide 6: Everest FCB Dry Wall Solutions
EVEREST FCB DRY WALL SOLUTIONS 6
Slide 7: Everest FCB Wall Lining Solutions with HD
EVEREST FCB WALL LINING SOLUTIONS WITH HD
Slide 8: PEB Orderbook details
PEB Orderbook details ➧ Current Order book of PEB Segment ~ 26200 MT/ ~Rs. 220 Crores ~ 75 projects (~12500 MT/ ~ Rs. 100 Crores) added in last 3 - 4 months ➧ Diversified nature of Projects in Order book Some of the projects for multi-level steel buildings Buildings for Cement plants, Infrastr
Slide 9: Capex in PEB Segment
Capex in PEB Segment ➧ Green field expansion of 30,000 MT at Dahej, Gujarat Total Cost of Project including land is Rs. 50 Crores Land acquired in Dahej, Gujarat at an out lay of Rs. 11 Crores Civil construction will start by July 2013 Commercial operation is expected by mid 2014 Post expa
Slide 10: Marquee Project: Everest Design Centre
Marquee Project Everest Design Centre, Bhagwanpur, Uttrakhand ➧ First of its kind design centre for Pre-Engineered Buildings in the state of Uttarakhand ➧ Project completed in 45 days from Design to Commissioning ➧ Total area of 8,000 sq. ft. ➧ Will house more than 100 Designers ➧ Inaugurated by the
Slide 11: Marquee Project: John Deere Tractors Facility
Marquee Project John Deere Tractors, Manufacturing Facility at Patiyala Tractors Manufacturing facility at Patiala for an area of 100000 sq ft. Most modern Tractor manufacturing plant in India 11
Slide 12: Annual Financials: Britannia factory
Annual Financials Britannia Industries Limited - Biscuit manufacturing factory at Hazipur, Bihar Everest buildings covers an area of over 230,000 sq ft. from RM to FG Similar plants carried out at Khurda, Odisha and Jagadia, Gujarat 12
Slide 13: Management Discussion & Analysis FY2013 vs FY2012
Management Discussion & Analysis FY 2013 v/s FY 2012 ➧ Income from operations grew by 14.4 % to reach Rs. 1,014 crores in FY 2013 from Rs. 887 crores in FY 2012 ➧ EBIDTA grew by 21% to reach Rs. 98 crores (9.6% of Revenue) in FY 2013 over Rs. 81 crores (9.1% of Revenue) achieved in FY 2012. Growth
Slide 14: Profitability Snapshot
Profitability Snapshot Rs. in Crores FY2013 FY2012 YoY Revenues 1,014.1 886.9 14% Raw Material 561.8 489.9 Manpower Cost 92.1 79.8 Other Operating Expenses 262.4 236.5 EBITDA 97.8 80.8 21% EBITDA Margin 9.6% 9.1% Other Income 8.8 17.8 Depreciation 22.1 20.1 Interest 5.6 4.4 Tax 26.4 21.3 Net Profit
Slide 15: Balance Sheet
Balance Sheet Rs. in Crores March-13 March-12 Shareholder’s Fund 290 250 Share capital 15 15 Reserves & Surplus 275 234 Non-current liabilities 91 47 Long term borrowings 59 16 Other non-current liabilities 32 31 Current liabilities 320 224 Short term borrowings 95 55 Other current liabilities 225 1
Slide 16: Financial Highlights
Financial Highlights Sales Revenue EBITDA and Margin (% to Sales) Rs. in Crores 16
Slide 17: Financial Highlights
Financial Highlights Net Profit and Margin (% to Sales) EPS & DPS * Adjusted for Income after Tax due to Sale of Land of Rs. 9.15 Crores in Q1 FY12 and Rs. 5.6 Crores in Q3 FY11 Rs. in Crores 17
Slide 18: Financial Highlights
Financial Highlights Networth & Total Debt Capital Employed and RoCE* * * * excludes Debt of Rs. 35 crs. (parked in FD) pending utilisation for CAPEX purpose Rs. in Crores 18 ** RoCE = EBIT / (Networth + Total Debt)
Slide 19: Quarter Financials
Quarter Financials 19
Slide 20: Management Discussion & Analysis Q4 FY2013
Management Discussion & Analysis Q4 FY 2013 v/s Q4 FY 2012 ➧ Income from operations dropped by 2% from Rs. 246.53 crores to Rs. 241.30 crores ➧ EBIDTA dropped by 49% to Rs. 12 crores (4.8% of Revenue) over Rs. 23 crores (9.2% of Revenue) mainly on account of; Drop in realization by ~ Rs. 5.2 crore
Slide 21: Profitability Statement
Profitability Statement Rs. in Crores Q4 FY2013 Q4 FY2012 YoY% Revenues 241.3 246.5 -2% Raw Material 144.9 140.4 Manpower Cost 23.5 21.4 Other Operating Expenses 61.2 62.1 EBITDA 11.7 22.7 -49% EBITDA Margin 4.8% 9.2% Other Income 3.2 3.0 Depreciation 5.8 5.3 Interest 1.4 1.1 Tax 3.6 6.0 Net Profit
Slide 22: Segment wise distribution
Segment wise distribution FY13 Revenue (Rs. 1,014 Crores) FY13 EBIT (Rs. 102 Crores) FY12 Revenue (Rs. 887 Crores) FY12 EBIT (Rs. 81 Crores) 22
Slide 23: Quarterly Revenue
Quarterly Revenue Quarter 1 Quarter 2 Quarter 3 Quarter 4 All numbers are in Rs. Crores 23
Slide 24: Quarterly Revenue
Quarterly Revenue 1,014 887 723 654 All numbers are in Rs. Crores 24
Slide 25: Quarterly EBITDA
Quarterly EBITDA Quarter 1 Quarter 2 Quarter 3 Quarter 4 All numbers are in Rs. Crores 25
Slide 26: Quarterly EBITDA
Quarterly EBITDA 97.9 80.8 70.8 66.0 All numbers are in Rs. Crores 26
Slide 27: Quarterly PAT
Quarterly PAT Quarter 1 Quarter 2 Quarter 3 Quarter 4 All numbers are in Rs. Crores * Adjusted for Income after Tax due to Sale of Land of Rs. 9.15 Crores in Q1 FY12 and Rs. 5.6 Crores in Q3 FY11 27
Slide 28: Quarterly PAT
Quarterly PAT 52.5 43.6 35.1 30.0 All numbers are in Rs. Crores * Adjusted for Income after Tax due to Sale of Land of Rs. 9.15 Crores in Q1 FY12 and Rs. 5.6 Crores in Q3 FY11 28
Slide 29: Building Products Segment
Building Products Segment Sales (‘000 MT) Revenue (Rs. Crores) EBIT (Rs. Crores) Capital Employed (Rs. Crores) Margin 10.2% 11.4% RoCE* 22.8% 22.6% 29 * -Based on Trailing Twelve Months (TTM)
Slide 30: Steel Buildings Segment
Steel Buildings Segment Sales (‘00 MT) Revenue (Rs. Crores) EBIT (Rs. Crores) Capital Employed (Rs. Crores) RoCE * 38.3% 31.2% 30 * -Based on Trailing Twelve Months (TTM)
Slide 31: For further information, please contact
For further information, please contact: Company : Investor Relations Advisors : Everest Industries Ltd. Strategic Growth Advisors Pvt. Ltd. Mr. Rakesh Gupta Mr. Gaurang Vasani / Ms. Payal Dave rakeshgupta@everestind.com vgaurang@sgapl.net / dpayal@sgapl.net www.everestind.com www.sgapl.net 31