Everest Industries Limited · NSE:EVERESTIND
Everest Industries — Q4 FY2019 Earnings Presentation
27 slides from Everest Industries's earnings presentation, May 2019
Slide 1: Everest Industries Limited Q4-FY19 Earnings Presentation
EVEREST INDUSTRIES LIMITED Q4–FY19 EARNINGS PRESENTATION 1
Slide 2: Executive Summary
Executive Summary Company Overview: Everest Industries Limited, incorporated in 1934, has a rich history in the manufacturing of Building products and Steel products. Everest offers a complete range of roofing, ceiling, wall, flooring, and cladding products distributed through a large network, as we
Slide 3: Company Overview
Company Overview • Everest Industries Limited (Everest) has over 8 decades Revenue (INR Mn) and EBITDA Margin (%)* of experience in building products and is the pioneer of fibre cement products in India. • The company’s business is built on three key pillars: Safety, Speed, and Strength. • The visio
Slide 4: Key Financial Highlights – Standalone Historical (INR Mn)
Key Financial Highlights – Standalone Historical (INR Mn) Current Quarter Current Quarter Previous Quarter Current Year Last Year Last Year Particulars Q4-FY19 Q3-FY19 Q4-FY18 FY19 FY18 Total Income* 3,691 3,092 3,443 14,106 12,786 EBITDA 260 233 296 1,131 989 EBITDA Margin 7.04% 7.54% 8.60% 8.02% 7
Slide 5: Q4-FY19 – Standalone Income Statement (INR Mn)
Q4-FY19 – Standalone Income Statement (INR Mn) Particulars Q4-FY19 Q4-FY18 Y-o-Y Q3-FY19 Q-o-Q Total Income* 3,691 3,443 7.2% 3,092 19.4% Total Expenses 3,431 3,147 9.0% 2,859 20.0% EBITDA 260 296 (12.2)% 233 11.6% EBITDA Margin 7.04% 8.60% (156) Bps 7.54% (50) Bps Depreciation 37 59 (37.3)% 55 (32.
Slide 6: FY19 – Standalone Income Statement (INR Mn)
FY19 – Standalone Income Statement (INR Mn) Particulars FY19 FY18 Y-o-Y Total Income* 14,106 12,786 10.3% Total Expenses 12,975 11,797 10.0% EBITDA 1,131 989 14.4% EBITDA Margin 8.02% 7.73% 29 Bps Depreciation 206 236 (12.7)% Finance Cost 76 126 (39.7)% Exceptional items - 16 NA PBT 849 611 39.0% Ta
Slide 7: FY19 Balance Sheet – Standalone (INR Mn)
FY19 Balance Sheet – Standalone (INR Mn) Equities & Liabilities FY18 FY19 Assets FY18 FY19 Shareholder Funds Non Current Assets Share Capital 156 156 Property, Plant and Equipment 3,385 3,355 Other Equity 3,814 4,371 Intangible Assets 21 12 Total -Shareholder Funds 3,970 4,527 Capital Work In Progre
Slide 8: Key Business highlights
Key Business highlights • Indian construction is on a roll right now. By 2030, India will have become the world’s third largest construction industry, behind only the US and China. • The performance of the business has benefitted from the stabilization in industrial demand post introduction of GST.
Slide 9: Q4-FY19 Operational Highlights – Building Products
Q4-FY19 Operational Highlights – Building Products 9
Slide 10: Building Products Performance - Standalone
Building Products Performance - Standalone Sales (`000 MT) Revenue (INR Mn) PBIT (INR Mn) Sales (`000 MT) Revenue (INR Mn) PBIT (INR Mn) Note : All numbers as per IND-AS 10
Slide 11: Key Operational Highlights – Building Products Segment
Key Operational Highlights – Building Products Segment • Revenue up by 9.8% vis a vis Q4-FY18. • Specific thrust on Everest Super has resulted in higher sales. This waterproof and colorful product is a cost effective alternative to metal roofing sheets. • Focused marketing efforts in identified mark
Slide 12: Way Forward – Building Products Segment
Way Forward – Building Products Segment • India is the 2nd fastest growing major economy in the world and in spite of global economic scenario, the building construction and infrastructure industry in india continues to grow. • The demand in the building materials industry is likely to be boosted by
Slide 13: Building Products – Roofing and Fibre Cement Boards
Building Products – Roofing and Fibre Cement Boards Everest Roofing Products Everest Super Everest Hi-Tech Everest Super Poultry Farm - Puri, Odisha Yeshaswi Fish & Mill Oil Company, BRS Alloys, Hisar Mangalore Fibre Cement Boards and Panels Rapicon and CWP Cladding Fibre Cement Boards The Sunset Re
Slide 14: Q4-FY19 Operational Highlights – Steel Buildings
Q4-FY19 Operational Highlights – Steel Buildings 14
Slide 15: Steel Building Performance - Standalone
Steel Building Performance - Standalone Sales (`000 MT) Revenue (INR Mn) PBIT (INR Mn) Sales (`000 MT) Revenue (INR Mn) PBIT (INR Mn) Q1 Q2 Q3 Q4 16 15 16 15 13 14 14 16 10 12 13 13 FY17 FY18 FY19 Note : All numbers as per IND-AS 15
Slide 16: Key Operational Highlights – Steel buildings
Key Operational Highlights – Steel buildings • Committed to timely hand over of projects to customers with Industry benchmark quality. • Strong order book of over 20,000 MT in pipeline in turnkey projects which provide strong revenue visibility. This has been impacted by slower decision making durin
Slide 17: Way forward – Steel Buildings Segment
Way forward – Steel Buildings Segment • As the country progress from developing to developed economy there is growing need of speedier and safer construction which is the buzzword today in India's booming Construction & infrastructure industry. • Everest is likely to benefit by increase in acceptanc
Slide 18: Steel Buildings
Steel Buildings Humboldt Wedag India Pvt Ltd – Acrysil Limited – Vijay Technocrafts Pvt Ltd - Faridabad, Haryana Bhavnagar, Gujrat Shimoga, Karnatka Devigiri Forgings Pvt Ltd – NSC Projects PVT LTD – Aurangabad, Maharastra Halwara, Punjab Godrej Agrovet Ltd in - A.P. 18
Slide 19: Historical Financial Statements
Historical Financial Statements 19
Slide 20: Income Statement – Standalone (INR Mn)
Income Statement – Standalone (INR Mn) Particulars FY16 FY17# FY18# FY19# Total Income* 13,263 12,372 12,786 14,106 Total Expenses 12,266 11,856 11,797 12,975 EBITDA 997 516 989 1,131 EBITDA Margin 7.52% 4.17% 7.74% 8.02% Depreciation 256 255 236 206 Finance Cost 228 208 126 76 Exceptional Items - -
Slide 21: Balance Sheet – Standalone (INR Mn) IND-AS
Balance Sheet – Standalone (INR Mn) IND-AS Equities & Liabilities FY18 FY19 Assets FY18 FY19 Shareholder Funds Non Current Assets Share Capital 156 156 Property, Plant and Equipment 3,385 3,355 Other Equity 3,814 4,371 Intangible Assets 21 12 Total -Shareholder Funds 3,970 4,527 Capital Work In Prog
Slide 22: Income Statement – Consolidated (INR Mn)
Income Statement – Consolidated (INR Mn) Particulars FY16 FY17# FY18# FY19# Total Income* 13,263 12,498 13,069 14,148 Total Expenses 12,274 11,990 12,070 13,037 EBITDA 989 508 999 1,111 EBITDA Margin 7.46% 4.06% 7.64% 7.85% Depreciation 256 255 235 206 Interest 228 208 126 76 PBT 505 45 638 829 Tax
Slide 23: Balance Sheet – Consolidated (INR Mn) IND-AS
Balance Sheet – Consolidated (INR Mn) IND-AS Equity & Liabilities FY18 FY19 Assets FY18* FY19 Shareholder's Funds Assets Share Capital 156 156 Non-Current Assets Other Equity 3,824 4,358 Property, Plant and Equipment 3,385 3,355 Minority Interest - - Intangible Assets 21 13 Total Shareholder's Fund
Slide 24: Financial Performance – Consolidated
Financial Performance – Consolidated Revenue (INR Mn) and EBITDA Margin (%) PAT (INR Mn) & PAT Margin (%) Net Debt to Equity Ratio ROE & RoCE Operating Cash Flow (INR Mn) 1,481 928 583 432 346 FY15 FY16 FY17 FY18 FY19 Note: FY17 and FY18 numbers As per IND-As 24
Slide 25: Capital Market Information
Capital Market Information SHARE PRICE PERFORMANCE (AS ON 31st MARCH, 2019) LARGEST INSTITUTIONAL INVESTORS (AS ON 31ST MARCH, 2019) 20% 10% Vijay Kishanlal Kedia 6.08% 0% -10% -20% HDFC Small Cap Fund 2.63% Everest Industries Sensex -30% PRICE DATA (AS ON 31ST MARCH, 2018) SHAREHOLDING PATTERN (AS
Slide 26: Q4-FY19 Earnings Call Information
Q4- FY19 Earnings Call Information The earnings call to discuss financial and operational performance for Q4-FY19 / FY19 with Mr. Manish Sanghi, Managing Director and Mr. Nikhil Dujari, CFO will be held on: • Date: Monday, 6th May, 2019 • Time: 11:00 AM • Primary Dial-in Numbers: +91 22 6280 1341 26
Slide 27: Disclaimer
Disclaimer Everest Industries Limited Disclaimer: No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Such information and opinions ar