Hindware Home Innovation Limited · NSE:HINDWAREAP
Hindware Home Innovation — Q2 FY25 Earnings Presentation
30 slides from Hindware Home Innovation's earnings presentation, Nov 12, 2024
Slide 1: Exchange filing cover letter
NEAPS/BSE ONLINE 12th November, 2024 The Corporate Relationship Department BSE Limited Phiroze Jeejeebhoy Towers, 1st Floor, New Trading Ring, Rotunda Building, Mumbai-400001 (BSE Scrip Code: 542905) Listing Department National Stock Exchange of India Limited. Exchange Plaza, 5th Floor, Bandra Kurla
Slide 2: Q2 FY25 Financial Result Presentation
Q2 FY25 Financial Result Presentation “Focused on Excellence” “Committed to Customers” November 12, 2024
Slide 3: Disclaimer
Disclaimer This presentation has been prepared by Hindware Home Innovation Limited (formerly Somany Home Innovation Limited) (the “Company”) solely for your information and may not be distributed, reproduced, or redistributed or passed on directly or indirectly to any other person, whether within or
Slide 4: Business Overview
Business Overview Premium Consumer Appliances and Building Products Company Leader in Sanitaryware and Industry leading Owner of Brand Building Products second largest in the growth in Plastic Pipes Hindware Segment faucets segment & Fittings segment Consumer 33+ patents filed Judicial mix of owned
Slide 5: About Us
About Us ▪ Hindware Home Innovation is a Building Products and Consumer Hindware Home Innovation Appliances Company Limited ▪ Owner of Hindware, a reliable and trusted brand across India ▪ Leveraging innovation and expansive distribution infrastructure Consumer Retail* across businesses Appliances o
Slide 6: Our Approach
Our Approach ▪ Harnessing distinct distribution ▪ Several successful launches at networks to market newer regular intervals to cater to the products and cross-selling burgeoning needs of the Introduce ▪ Expansive distribution reach customers across all segments, enabling us ▪ Strong R&D capabilities
Slide 7: Proficient and Committed Leadership
Proficient and Committed Leadership Mr. Sandip Somany Mr. Sandeep Sikka Mr. Naveen Malik Mr. Sudhanshu Pokhriyal Mr. Rajesh Pajnoo Chairman and Non- Group Chief Financial CEO & CFO, Hindware Chief Executive Officer, Chief Executive Officer, Executive Director Officer Home Innovation Bath Business Pi
Slide 8: Our Environmental, Social and Governance Commitments
Our Environmental, Social and Governance Commitments Environment: Hindware Home Innovation Limited is dedicated to reducing its carbon footprint, adopting energy-efficient technologies, and promoting the use of recycled materials to minimize its environmental impact, in aligning with global sustaina
Slide 9: Fulfilling Our Sustainability Initiatives
Fulfilling Our Sustainability Initiatives Waste management Greenhouse gas emissions Energy efficiency is practices involve process Water efficiency includes Rooftop solar energy are reduced through on-site achieved through daylight mapping, source segregation, 'Zero' discharge, rainwater across our
Slide 10: Financial Performance
hindware home innovation limited Financial /’ Performance
Slide 11: Consolidated Financial Performance
Consolidated Financial Performance (₹ in crore) Revenue EBITDA Margin (%) PAT 9% YoY 52% YoY Q2 FY 25 82.5 693.2 629.8 23.6 0.5 599.9 55.4 39.5 11.9% 9.2% 6.3% -11.0 Q2FY24 Q1FY25 Q2FY25 Q2FY24 Q1FY25 Q2FY25 Q2FY24 Q1FY25 Q2FY25 Revenue EBITDA Margin (%) PAT 7% YoY 38%YoY 29.3 153.4 H1 FY 25
Slide 12: Building Products Segment
Building Products Segment 11
Slide 13: Building Products Business Update
Building Products Business Update Bathware Business Building Products Business (₹ in crore) • Demand landscape has been subdued, resulting in muted revenue • New product introductions have been met with a positive Revenue 8.3% YoY customer reception • Continues expansion in Tier 3 and 4 markets, e
Slide 14: Bathware Business Update – Q2 FY25
Bathware Business Update – Q2 FY25 (₹ in crore) Revenue EBITDA Margin (%) EBIT Margin (%) 9% YoY 63.8 396.1 326.2 360.2 45.9 41.6 34.1 23.1 16.1% 12.7% 15.8 9.5% 11.6% 7.1% 4.4% Q2FY24 Q1FY25 Q2FY25 Q2FY24 Q1FY25 Q2FY25 Q2FY24 Q1FY25 Q2FY25 PBT Margin (%) Net Working Capital (Days) Net Borrowing 1
Slide 15: Bathware Business Update – H1 FY25
Bathware Business Update – H1 FY25 (₹ in crore) Revenue EBITDA Margin (%) EBIT Margin (%) 9% YoY 89.3 124.4 758.2 686.4 75.7 38.9 16.4% 11.0% 11.8% 5.7% H1FY24 H1FY25 H1FY24 H1FY25 H1FY24 H1FY25 PBT Margin (%) Net Working Capital (Days) Net Borrowing 457 68.0 119 425 93 14.1 9.0% 2.1% H1FY24 H1FY2
Slide 16: Building Products Business - Bathware
Building Products Business - Bathware • Leading player in sanitaryware & faucets segments o Brands available across price points • Control over the entire value chain & a strong network of distribution & service: o 600+ Brand Stores for an immersive customer experience o 500+ distributors, dealers a
Slide 17: Industry-First Innovative-Design Led Products
Industry- First Innovative-Design Led Products 16
Slide 18: Marketing Initiatives
MARKETING INTITATIVES IPL TV CAMPAIGN | SURROUND ACTIVITIES VANITHA FILM AWARDS 2024 - HIC POWERED BY PARTNER 5 - STAR BATHROOM AQUA PRO 98 - ULTRA EDGE 17
Slide 19: Beyond the Bath Design Challenge - Season 2
BEYOND THE BATH DESIGN CHALLENGE - SEASON 2 Season 2 Theme - Smart Bathrooms Jury Members 4 Regional Events Create Connect With Regional Architects Chandigarh Ranchi Indore Chennai Finale With Winner Awards In Bengaluru/ Hyderabad 18
Slide 20: Marquee Clients
Marquee Clients « = ’ nn e la prigave || o& Seewwe. || counTRY MAHAGUN || _y\arriott =& ' nd a e PROVIDENT" || PURAVANKARA™ Prestige \ , 2D |purA| SZ | Gar] My—| NES | aaa ricos | @ | sant |. S60 all | ose | Google } sovarijom , g ne aA IndianOil se oc SATTVA and Palaces, > eS » wwove | f2]) | ecem
Slide 21: Plastic Pipes & Fittings Business Update
Plastic Pipes & Fittings Business Update • TRUFLO by Hindware is the fastest-growing plastic pipes and fittings brand in India • Expanded Product Range: 2,000+ SKUs. Offers CPVC pipes for hot and cold-water plumbing, lead-free UPVC pipes, SWR pipes, PVC pipes for potable water, column pipes, and ove
Slide 22: Plastic Pipes & Fittings Business Update – Q2 FY25
Plastic Pipes & Fittings Business Update – Q2 FY25 (₹ in crore) Revenue EBITDA Margin (%) EBIT Margin (%) 7% YoY 201.1 187.1 21.7 14.6 163.2 10.9 12.7 3.4 4.7 10.8% 6.7% 6.8% 7.3% 2.1% 2.5% Q2FY24 Q1FY25 Q2FY25 Q2FY24 Q1FY25 Q2FY25 Q2FY24 Q1FY25 Q2FY25 PBT Margin (%) Net Working Capital (Days) Net
Slide 23: Plastic Pipes & Fittings Business Update – H1FY25
Plastic Pipes & Fittings Business Update – H1FY25 (₹ in crore) Revenue EBITDA Margin (%) EBIT Margin (%) 2% YoY 32.0 18.3 357.0 350.3 23.6 8.0 9.0% 6.7% 5.1% 2.3% H1FY24 H1FY25 H1FY24 H1FY25 H1FY24 H1FY25 PBT Margin (%) Net Working Capital (Days) Net Borrowing 76 74 2.4 351 -7.6 280 0.7% -2.2% H1F
Slide 24: Product Range, Plant & Showroom and Marketing Initiatives
Product Range, Plant & Showroom and Marketing Initiatives Offering world-class pipes and fitting solutions inspired by the quality commitment of its flagship brand Hindware over decades. All TRUFLO manufactured products are lead-free. certified certified IS: 15778 CM/L 6300045697 Assurance to · Last
Slide 25: Consumer Appliances Business
Consumer Appliances Business 24
Slide 26: Consumer Appliances Business Update – Q2 FY25
Consumer Appliances Business Update – Q2 FY25 (₹ in crore) Revenue EBITDA Margin (%) EBIT Margin (%) 14% YoY 2.7% -2.7 110.5 3.0 -6.9 -1.6 96.3 82.5 -2.6 -7.2 -11.7 -2.7% -8.8% -7.2% -1.4% -14.1% Q2FY24 Q1FY25 Q2FY25 Q2FY24 Q1FY25 Q2FY25 Q2FY24 Q1FY25 Q2FY25 PBT Margin (%) Net Working Capital (Day
Slide 27: Consumer Appliances Business Update – H1 FY25
Consumer Appliances Business Update – H1 FY25 (₹ in crore) Revenue EBITDA Margin (%) EBIT Margin (%) 4% YoY 201.3 193.1 -4.2 -9.7 -13.2 -1.3 -2.2% -6.8% -0.6% -4.8% H1FY24 H1FY25 H1FY24 H1FY25 H1FY24 H1FY25 PBT Margin (%) Net Working Capital (Days) Net Borrowing* 145 141 128 126 -19.5 -23.0 -11.9%
Slide 28: Consumer Appliances Business Update
Consumer Appliances Business Update • Kitchen appliance portfolio has been strengthened with the introduction of a new range of energy-efficient BLDC technology chimneys. Additionally, a new built-in oven range was launched, incorporating advanced features such as steam assist, air fryer • Maintaine
Slide 29: Diverse and Exciting Products & Brands
Diverse and Exciting Products & Brands Kitchen Appliances Air Coolers Water Heaters (50:50 JV with Groupe Atlantic) Fans Kitchen & Furniture Fittings 28
Slide 30: Thank You
Naveen Malik Hindware Home Innovation Ltd +91 124 477 9200 investors@hindwarehomes.com Gavin Desa / Jenny Rose Kunnappally CDR India Thank You +91 9820637649 +91 8689972124 gavin@cdr-india.com jenny@cdr-india.com
Hindware Home Innovation — Q2 FY25 Earnings Presentation on 6ix