Orient Bell Limited · NSE:ORIENTBELL
Orient Bell — Q4 FY15 Earnings Presentation
12 slides from Orient Bell's earnings presentation, May 2015
Slide 1: Q4 FY15/FY15 – Investor Update
Orient Bell Limited Q4 FY15/FY15 – Investor Update May, 2015 ORIENT BELL LIMITED www.orientbell.com
Slide 2: Key Industry Highlights – Significant Opportunities Ahead
Key Industry Highlights – Significant Opportunities Ahead… Stable Costs Stability in Raw material costs and softening of fuel prices in the short term to contribute positively towards the sector Enhanced focus on Infrastructure and Favorable Regulatory Framework Clearances of large infrastructure pr
Slide 3: Quarterly Overviews
Quarterly Overviews Own Operational Financial Manufacturing Performance Performance FY 15 - 22.34 msm In FY15 - Sales FY 15 - Gross Sales produced equating 93% volume increased increased by 18.34% y/y of capacity ( FY14 - 80%) to reach INR7,497.2 mn 9.3% % y/y to reach 27.4 mn sq. meters of which ow
Slide 4: Sales Performance
Sales Performance Sales Volume (in Mn Sq Mtrs) Sales Value (INR Mn) Average Sales Price ( ₹/m2) 8.0 2,178 7.5 1,932 7,497 6,335 27.4 25.1 22.1 20.0 5.1 5.3 FY 14 FY 15 Trading Own Manufacturing ORIENT BELL LIMITED www.orientbell.com
Slide 5: Profitability
Profitability PAT & Cash PAT (INR Mn) EPS* ( ₹/share) 50.0 2.00 1.86 39.3 40.0 1.60 30.0 25.4 20.0 1.20 10.0 4.4 4.5 0.80 - Q4 FY 14 Q4 FY 15 0.40 0.32 PAT Cash PAT PAT in Q4 FY15 increased 483% y/y ; Cash PAT increased 781% during the same period - Q4 - FY 14 Q4 - FY 15 100.0 82.9 4.00 80.0 3.50 60
Slide 6: Leverage
Leverage Net-Debt/EBITDA Debt to Equity 3.20x 3.11x 1.02x 0.91x 2.82x 0.77x FY 13 FY 14 FY 15 FY 13 FY 14 FY 15 Enhanced focus on deleveraging resulting in significantly low interest costs; PBT increased over 123% y/y in FY15 Note: Debt is excluding current portion during the period ORIENT BELL LIMI
Slide 7: Q4 FY15/FY15 Profit & Loss
Q4 FY15/FY15 Profit & Loss INR Mn Period Q4FY14 Q4FY15 Growth y-o-y FY14 FY15 Growth y-o-y Sales (Gross) 1,931.7 2,178.5 12.8% 6,334.7 7,497.2 18.4% Sales (Net) 1,779.4 2,009.0 12.9% 5,837.2 6,912.3 18.4% Adj. EBITDA* 108.1 142.6 32.1% 482.0 500.0* 3.7% Margin on Net Sales 6.1% 7.1% 17.0% 8.3% 7.3%
Slide 8: Credit Rating
Credit Rating CRISIL upgraded our credit rating for Bank Facilities: Bank Facility Rating Upgraded From Long Term BBB+ (Stable) BBB+ (Negative) Short Term A2 No Change Rationale OBL’s established market position backed by strong distribution network, diversified geographical and customer base,and
Slide 9: Orient Bell Tile Boutiques (OBTBs) and Integration of Bell Ceramics
Orient Bell Tile Boutiques (OBTBs) and Integration of Bell Ceramics OBTBs are exclusive display centers for OBL to display its high end and patent pending products During the year we saw a shift of 700 basis points from our low end products to high value product categories due to better display
Slide 10: Capacity Expansion…First JV inked
Capacity Expansion…First JV inked • OBL inked its first JV with a Ceramic Tile Manufacturing manufacturer at Morbi (Gujarat) • Acquired 19.5% stake in the Greenfield Project • Capacity of 4.6 mn sq mts for polished and glazed vitrified product categories • Commercial production is expected to commen
Slide 11: Strategy for Growth and Margin improvements
Strategy for Growth and Margin improvements Growth+ Build Capacities through Outsourcing/JV route for Vitrified Way Enhancing dedicated retail space with continued Forward momentum of adding OTBTB’s in key consumption markets 2011-14 Deeper penetration in the Interior Designer and Architect
Slide 12: Disclaimer
Disclaimer The information contained herein has been prepared to assist prospective investors in making their own evaluation of the Company and does not purport to be all-inclusive or to contain all of the information a prospective or existing investor may desire. This Information may include certai