Carysil Limited · NSE:CARYSIL
Carysil — Acrysil — Q4 FY21 Earnings Presentation
39 slides from Carysil's earnings presentation, May 21, 2021
Slide 1: Leader in Lifestyle Kitchen Products
Leader in Lifestyle Kitchen Products Investor Presentation – Q4 & FY21 May 2021
Slide 2: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Acrysil Limited. (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities,
Slide 3: Q4 & FY21 Highlights
Q4 & FY21 Highlights
Slide 4: Achieved Short Term Guidance of Rs.300 Crores of Revenue
Achieved Short Term Guidance of Rs.300 Crores of Revenue Message from Chairman & MD Total PAT after Commenting on the Results, Mr. Chirag Parekh, Chairman & EBITDA Income* MI Managing Director said, “I am extremely pleased to share that, we +42% +13% +77% have ended FY21 on a strong note with record
Slide 5: Consolidated: FY21 Performance
Consolidated: FY21 Performance Rs. Crores Total Income* (Rs. Crs) EBITDA (Rs. Crs) PAT After MI (Rs. Crs) +13% +42% +77% 315.5 71.6 39.1 280.3 50.5 22.1 FY20 FY21 FY20 FY21 FY20 FY21 Gross Margin (%) EBITDA Margin (%) PAT After MI Margin (%) +410 bps +470 bps +450 bps 55.1% 22.7% 12.4% 51.0% 18.0% 7
Slide 6: Consistent Growth
Consistent Growth Rs. Crores Total Income* EBITDA +14.9% 316 72 280 +28.5% 252 51 181 197 41 26 26 FY17 FY18 FY19 FY20 FY21 FY17 FY18 FY19 FY20 FY21 PAT After MI Cash PAT After MI 39 52 +48.7% +39.4% 34 22 26 17 19 12 14 8 FY17 FY18 FY19 FY20 FY21 FY17 FY18 FY19 FY20 FY21 6 *Incudes gain / (loss) on
Slide 7: Revenue Mix
Revenue Mix Geography-wise Revenue Product-wise Revenue FY20 Export 21% 11% 73% Domestic 16% 79% Quartz Sink Steel Sink Appliances & Others FY21 5% 95% 10% 76% Strengthening 14% ‘Carysil’ Brand Quartz Sink Steel Sink Appliances & Others 7 Consolidated Financials
Slide 8: Standalone: FY21 Performance
Standalone: FY21 Performance Rs. Crores Total Income* (Rs. Crs) EBITDA (Rs. Crs) PAT (Rs. Crs) +16% +54% +108% 254.2 55.3 26.6 218.5 36.0 12.8 FY20 FY21 FY20 FY21 FY20 FY21 Gross Margin (%) EBITDA Margin (%) PAT Margin (%) +410 bps +520 bps +460 bps 56.6% 21.7% 10.5% 52.5% 16.5% 5.9% FY20 FY21 FY20
Slide 9: Business Updates
Business Updates Strategic Partnership with IKEA Supply AG Capacity Expansion (Switzerland) • Entered into a strategic partnership with IKEA Supply AG (Switzerland) for manufacturing and supply of composite quartz • Capacity Expansion of Quartz Kitchen Sinks by ~20% i.e 1,00,000 kitchen sinks for th
Slide 10: Business Updates
Business Updates Commencement of Physical Vapor Deposition Plant • Acrysil Steel Limited (ASL), subsidiary of Acrysil Limited has announced commencement of state-of-the-art Physical Vapor Deposition (PVD) plant for manufacture and coating of Designer Steel Sinks at its Bhavnagar plant, Gujarat from
Slide 11: Consolidated Profit & Loss
Consolidated Profit & Loss Particulars (Rs. Crs.) Q4FY21 Q4FY20 Y-o-Y Q3 FY21 Q-o-Q FY21 FY20 Y-o-Y Revenue 100.6 64.4 87.5 309.7 276.2 Gain / (Loss) on Foreign Exchange 3.7 1.4 0.0 5.8 4.1 Total Income 104.3 65.8 59% 87.5 19% 315.5 280.3 13% Raw Material 45.0 30.9 38.7 141.8 137.4 Employee Expenses
Slide 12: Consolidated Balance Sheet
Consolidated Balance Sheet Assets (Rs. Crs.) Mar-21 Mar-20 Liabilities (Rs. Crs.) Mar-21 Mar-20 Non-current assets 170.3 138.8 Total Equity 194.0 160.2 Property Plant & Equipment 121.2 97.8 Share capital 5.3 5.3 Right to use of assets 5.0 1.4 Other Equity 186.1 152.5 Goodwill 23.9 23.9 Money receive
Slide 13: Consolidated Cash Flow Statement
Consolidated Cash Flow Statement Particulars (Rs. Crs.) March-21 March-20 Net Profit For The Year 39.3 22.9 Adjustments for: Non-Cash Items / Other Investment or Financial Items 38.7 29.1 Operating profit before working capital changes 78.0 51.9 Changes in working capital -20.1 -14.4 Cash generated
Slide 14: Standalone Profit & Loss
Standalone Profit & Loss Particulars (Rs. Crs.) Q4FY21 Q4FY20 Y-o-Y Q3 FY21 Q-o-Q FY21 FY20 Y-o-Y Revenue 80.5 49.9 70.4 248.3 214.4 Gain / (Loss) on Foreign Exchange 3.7 1.4 0.0 5.8 4.1 Total Income 84.2 51.4 64% 70.5 20% 254.2 218.5 16% Raw Material 35.5 23.7 30.5 110.2 103.7 Employee Expenses 4.7
Slide 15: Standalone Balance Sheet
Standalone Balance Sheet Assets (Rs. Crs.) Mar-21 Mar-20 Liabilities (Rs. Crs.) Mar-21 Mar-20 Non-current assets 145.6 114.4 Total Equity 151.4 130.3 Property Plant & Equipment 104.9 83.8 Share capital 5.3 5.3 Right to use of assets 5.0 1.4 Other Equity 146.1 125.0 Goodwill 0.0 0.0 Money received ag
Slide 16: Standalone Cash Flow Statement
Standalone Cash Flow Statement Particulars (Rs. Crs.) March-21 March-20 Net Profit For The Year 26.6 12.8 Adjustments for: Non-Cash Items / Other Investment or Financial Items 34.0 25.3 Operating profit before working capital changes 60.6 38.1 Changes in working capital -12.1 -11.8 Cash generated fr
Slide 17: Business Overview
Business Overview
Slide 18: Numero Uno Position
Numero Uno Position India’s 1st state of art Show Room Only manufacturer in India & cum Experience Center in Exclusive product galleries for Asia in Quartz Sink Ahmedabad & Mumbai ‘Carysil’ Certification for ISO 9001:2008, ISO Quartz Sink Capacity : 600,000 sinks Brands - “CARYSIL” & per annum in FY
Slide 19: Acrysil – Over the Years
Acrysil – Over the Years Today, Acrysil is India’s only indigenous brand of kitchen sinks made of Quartz Acrysil 2021 started its first 2020 Listing of international Launched Equity Shares Incorporation subsidiary in Kitchen 2019 of a Wholly of the Germany – Appliances Company on owned Acrysil in th
Slide 20: Pillars of Integrated Business
Pillars of Integrated Business Brand Manufacturing Facilities & Technology ▪ Brand promotion on TV and in print, along with exposure ▪ Quartz Sinks: 6,00,000 pa* , Stainless Steel : 90,000 pa and through sponsorship of events like Times Food and Appliances : 7,000 pa MasterChef Australia ▪ Enjoy in-
Slide 21: Increasing Product Portfolio
Increasing Product Portfolio Product Segment Kitchen Bathroom Suits Bath Sinks Appliances Fittings APPLIANCES 21
Slide 22: Sinks
Sinks
Slide 23: Only Company to make Quartz Sinks in Asia
Only Company to make Quartz Sinks in Asia The only company in all of Asia and among a few companies Capacity of Quartz Sinks (per annum) worldwide: manufacturing quartz kitchen sinks to global standards High Margin Addition 7,00,000 Product of Existing quality, durability and visual appeal 1,00,000
Slide 24: Stainless Steel Sinks – Quadro Sinks the Focus Area
Stainless Steel Sinks – Quadro Sinks the Focus Area Stainless-Steel Sinks Contribution: 14% to Consolidated revenue * Production Capacity : 90,000 sinks per annum Target Market for Quadro (Designer) Sinks: Caters to high end segment who are willing to pay a premium for superior quality, design and f
Slide 25: Kitchen Appliances
Kitchen Appliances
Slide 26: Kitchen Appliances – Multifold Growth Opportunity
Kitchen Appliances – Multifold Growth Opportunity Poised to become a significant player in the overall Kitchen Segment: Manufacturing and Trading of Appliances Chimneys Dish Washer Cook Tops Expansion of Appliances Range Currently Constant Innovation, Research, contributing ~5% Development & Design
Slide 27: Bath Segment
Bath Segment
Slide 28: Bath Segment – Synergetic Move to Leverage Quartz Technology
Bath Segment – Synergetic Move to Leverage Quartz Technology Achievements Won 52 international awards, among them the Red Dot Award (Best of the Best) ✓ Brand owned by Acrysil’s Wholly owned Subsidiary in Germany, ‘Acrysil Synergy GmbH’ Synergy in Quartz Sink Technology helped in developing patented
Slide 29: Strengthening “STERNHAGEN” Brand
Strengthening “STERNHAGEN” Brand “Unveiling the new Rose Gold collection of Premium Sanitary ware and Bath fittings” 29
Slide 30: Products with Global Standards sold in 55 Countries
Products with Global Standards sold in 55 Countries Company presently exports to over 55 countries. Plan to expand further by acquiring new customers and penetrating in new geographies Sales Network Global Offices 30 Map not to scale. All data, information and maps are provided “as is” without warra
Slide 31: Domestic Presence - Strengthening of our Brands
Domestic Presence - Strengthening of our Brands Dealer Network 1500 1500 1500 1300 1200 800 550 400 2013-14 2014-15 2015-16 2016-17 2017-18 2018-19 2019-20 2020-21 Distributor Network 80 82 82 82 60 65 ARABIAN BAY OF 45 SEA BENGAL 30 Sales Distributor 2013-14 2014-15 2015-16 2016-17 2017-18 2018-19
Slide 32: Moulds an Integral Part of Manufacturing Process
Moulds an Integral Part of Manufacturing Process Input Processing Output Variety of Moulds Production Capacity ▪ Has more than 130 moulds 600,000* units per ▪ 350+ SKU’s annum All the Moulds are imported Place: Bhavnagar, Gujarat Purchase of Moulds A Mould can be Made as per the utilized for 15+ yea
Slide 33: Presence in UK through Acrysil Products Ltd.
Presence in UK through Acrysil Products Ltd. (formerly known as Homestyle Products Ltd.) Acrysil holds 100% in Homestyle Products through Acrysil UK Limited The name of Homestyle Products Limited has been changed to Acrysil Products Limited Products sold under Acrysil Products Ltd. Revenues (Mn. GBP
Slide 34: Our Distribution Model
Our Distribution Model International Domestic Strong Foothold in India STRATERGIC Acquisition of 65 Franchise Significant Presence in UK 1,500 Dealers 80 Gallery Homestyle UK Limited Shop (now known as Acrysil Products Limited - A Market kitchen products distribution company) 82 Distributors 5 Offic
Slide 35: Multiple Growth Drivers
Multiple Growth Drivers 01 Strong Distribution 02 Branding & 03 Huge Product Network Technology Range Short Term ACHEIVED Strengthen the Distribution Entry into the kitchen network by tie up with Focused on capturing appliances market with Homestyle and plan to add the Brand Mindspace innovation, R&
Slide 36: Board of Directors
Board of Directors Mr. Chirag A. Parekh Mr. Jagdish R. Naik ▪ A Chartered Accountant, was a partner of a reputed ▪ He holds a BBA Degree from premier ' European University’ Accounting firm - M/s S.V. Ghatalia & Associates for more than ▪ After joining the company in 1993, he successfully steered it
Slide 37: Awards & Certifications
Awards & Certifications Award Certificate for Manufacturing Innovation & Design If Design Award to Sternhagen SaniQ kristall wash basin FGI’s Award for ‘Best Exports Performance & Promotion’ IPF Fastest growing Manufacturing Company Award Certificate for ‘Best CSR practices’ by Rotary Club FGI’s Awa
Slide 38: Regular Dividend Payout
Regular Dividend Payout Dividend 21.2% 22.8% 27.8% 21.7% 18.1% 14.3% 13.6% Payout (excl. DDT) 21.9 18.9 18.0 14.7 8.4 6.6 5.0 5.0 4.6 4.0 2.0 1.0 1.2 1.2 2015 2016 2017 2018# 2019# 2020# 2021# EPS DPS The Board of Directors has recommended a final dividend of Rs.1.20 per equity share for Financial Y
Slide 39: ACRYSIL LIMITED
ACRYSIL LIMITED For further information, please contact Company : Investor Relations Advisors : Acrysil Limited Strategic Growth Advisors Private Limited CIN: L26914MH1987PLC042283 CIN: U74140MH2010PTC204285 Mr. Anand Sharma - CFO Mr. Rahul Agarwal/ Ms. Khushbu Shah cfo@acrysil.com rahul.agarwal@sga