Asian Granito India Limited · NSE:ASIANTILES
Asian Granito India — Q3 FY2023 Earnings Presentation
44 slides from Asian Granito India's earnings presentation, Feb 3, 2023
Slide 1: Cover letter to BSE and NSE
Date: 3rd February, 2023 To, To Corporate Relations Department Corporate Relations Department BSE Limited National Stock Exchange of India Limited 2nd floor, P.J. Tower, Exchange Plaza, Plot No. C/1, G-Block Dalal Street, Bandra Kurla Complex, Bandra (E), Mumbai – 400 001 Mumbai- 400 051 Company Cod
Slide 2: Investor Presentation for Q3FY2023
Tiles • Marble • Quartz • Bathware Investor Presentation for Q3FY2023 Constantly Evolving Luxury Surfaces & Bathware Company
Slide 3: Consolidated Results Summary Q3FY2023
AGL – CONSOLIDATED RESULTS SUMMARY Q3FY2023 (Need to be change) 1) Revenue from operations for the Q3FY2023 stood at Rs.399.2 crores, registering 9% decline over previous year. In Q3 demand for DC and PVT remain on lower side on account of decline in off take from government and low cost real estate
Slide 4: Consolidated & Standalone Profit & Loss for Q3FY2023
AGL – CONSOLIDATED & STANDALONE - PROFIT & LOSS FOR Q3FY2023 AGIL Consolidated AGIL Standalone . Particulars Rs. In Crs Rs. In Crs Q3FY22 Q3FY23 YoY Q3FY22 Q3FY23 YoY Total Income from Operations 436.6 399.2 -8.6% 377.1 339.8 -9.9% COGS 277.7 267.3 -3.7% 271.6 252.6 -7.0% Gross Profit 159.0 131.9 -1
Slide 5: Consolidated & Standalone Profit & Loss for 9MFY2023
AGL – CONSOLIDATED & STANDALONE - PROFIT & LOSS FOR 9MFY2023 AGIL Consolidated AGIL Standalone . Particulars Rs. In Crs Rs. In Crs 9MFY22 9MFY23 YoY 9MFY22 9MFY23 YoY Total Income from Operations 1085.4 1107.0 2.0% 929.8 955.1 2.7% COGS 685.2 739.2 7.9% 662.5 691.4 4.4% Gross Profit 400.2 367.7 -8.1
Slide 6: Consolidated & Standalone Balance Sheet
AGL – CONSOLIDATED & STANDALONE – BALANCE SHEET Balance Sheet Consolidated Standalone . Equity & Liabilities (Rs. Crs.) FY2022 9MFY23 FY2022 9MFY23 Equity share capital 56.8 126.7 56.8 126.7 Other Equity 861.4 1,175.8 780.2 1,127.2 Total Equity 918.2 1,302.6 836.9 1,254.0 Non Controlling Interest 34
Slide 7: Consolidated & Standalone Balance Sheet
AGL – CONSOLIDATED & STANDALONE – BALANCE SHEET Particulars Consolidated Standalone Assets . (Rs. Crs.) FY2022 9MFY23 FY2022 9MFY23 Property, plant and equipment 463.5 563.8 231.7 238.5 Capital work in progress 52.0 81.0 0.8 - Right of use assets 8.9 9.4 7.8 8.7 Investment properties 0.5 0.5 0.5 0.5
Slide 8: Consolidated Segmental Performance Q3
AGL – CONSOLIDATED SEGMENTAL PERFORMANCE Q3-FY2022 VS Q3-FY2023 (Million SQMTS) Q3-FY2022 VS Q3-FY2023 (Rs. in Crores) 500 .0 5.0 14. 00 450 .0 0.12 0.12 17.0 5.3 30.1 12. 00 400 .0 0.20 15.8 0.16 350 .0 48.9 29.3 10. 00 40.2 300 .0 8.0 0 6.20 5.68 250 .0 197.4 6.0 0 200 .0 198.0 150 .0 3.19 4.0 0 3
Slide 9: Consolidated Segmental Performance 9M
AGL – CONSOLIDATED SEGMENTAL PERFORMANCE 9M-FY2022 VS 9M-FY2023 (Million SQMTS) 9M-FY2022 VS 9M-FY2023 (Rs. in Crores) 120 0.0 12.9 14.5 35. 00 0.32 41.8 48.5 30. 00 0.50 100 0.0 76.6 92.5 0.36 107.8 114.2 25. 00 0.46 800 .0 16.59 20. 00 15.99 600 .0 480.9 538.5 15. 00 400 .0 10. 00 8.66 4.41 198.0
Slide 10: Consolidated Geographical Performance
AGL – CONSOLIDATED GEOGRAPHICAL PERFORMANCE . 9M-FY2022 vs 9M-FY2023 (%) Q3-FY2022 vs Q3-FY2023 (%) 120 % 120 % 100 % 100 % 10% 11% 11% 11% 80% 80% 28% 30% 27% 29% 60% 60% 26% 26% 26% 27% 40% 40% 36% 20% 35% 20% 33% 33% 0% 0% 9MFY2022 9MFY2023 Q3FY2022 Q3FY2023 West South North East West South North
Slide 11: Consolidated Tiles Revenue Breakup
AGL – CONSOLIDATED TILES REVENUE BREAKUP . 9M-FY2022 vs 9M-FY2023 REVENUE BREAK UP OF TILES % Q3-FY2022 vs Q3-FY2023 REVENUE BREAK UP OF TILES 120 % 120 % 100 % 100 % 30% 34% 31% 80% 80% 37% 60% 15% 6% 60% 13% 5% 19% 16% 40% 21% 22% 40% 20% 41% 20% 42% 34% 34% 0% 0% 9MFY2022 9MFY2023 Q3FY2022 Q3FY20
Slide 12: Consolidated Exports as Percentage of Sales
AGL - CONSOLIDATED EXPORTS AS PERCENTAGE OF SALES . Rs. in Crores Rs. in Crores Exports Total Sales % of Sales Export Sales % of Sales 13.1% 13.3% 15.1% 9.9% 14.0% 13.8% 1563.3 436.6 1224.5 1292.3 397.8 399.2 169.3 195.1 204.9 43.3 52.7 50.3 FY2020 FY2021 FY2022 Q3 - FY2022 Q2 - FY2023 Q3 - FY2023 N
Slide 13: Exports Paving the Way
EXPORTS PAVING THE WAY… Number of Countries exporting 120 100 100 100 90 78 80 60 40 20 0 FY19 FY20 FY21 FY22 As on date, AGL’s exports are spread across 100 countries. We look forward to expand our global footprints to 120+ countries in the near future. 12
Slide 14: Asian Granito India Limited - Luxury Surfaces and Bathware Solutions Company
Asian Granito India Limited - Quality driven new age Luxury Surfaces and Bathware Solutions Company • Incorporated in 1995 as Karnavati Fincap Private Limited and commenced Tiles operations in 2001, Asian Granito India Limited (AGL) is a new age luxury surfaces and bathroom 9 32.0 Mn Sqm solutions c
Slide 15: A Journey Full of Evolution and Growth
A Journey Full of Evolution and Growth AGL’s Journey is full of evolution, expansions and diversifications presenting the true example of staying relevant, always Established vitrified tiles Listed on Stock Exchanges. Commenced production of Commenced Quartz slab AGL Group was First Plant of Ceramic
Slide 16: Integrated Product Portfolio
Integrated Product Portfolio 15
Slide 17: Largest Portfolio of Luxury Surfaces and Bathroom Solutions (1/2)
AGL is having one of the largest portfolio of Luxury Surfaces and Bathroom Solutions under Single Umbrella (1/2) From Flooring to Walls to Countertops to Bathware, AGL provides Solutions for every Space Asian Granito India Limited (AGL) Tiles and Slabs Marble & Quartz Sanitaryware & Fittings Existin
Slide 18: Largest Portfolio of Luxury Surfaces and Bathroom Solutions (2/2)
AGL is having one of the largest portfolio of Luxury Surfaces and Bathroom Solutions under Single Umbrella (2/2) From Flooring to Walls to Countertops to Bathware, AGL provides Solutions for every Space 950 2361 116 906 97 530 SKUs SKUs SKUs SKUs SKUs SKUs Ceramic Floor & Wall Polished Vitrified Gla
Slide 19: Driven by Strategic Executions
Driven by Strategic Executions 18
Slide 20: Enhanced Strategic Integration Programme (ESIP) Long Term Vision
AGL Enhanced Strategic Integration Programme (ESIP) A Long Term focused strategic growth acceleration and excellence plan to achieve our vision Global Go-to-market Expansion Long Term Brand Vision Visibility Total Revenue Expansion of Enhancement of INR 6,000 Multi-material Crores Portfolio Innovati
Slide 21: Specific Strategic Pillars in Execution of ESIP
Specific Strategic Pillars in execution of ESIP Blend of Manufacturing, Branding and Go-to-Market Initiatives Manufacturing of value added In-house manufacturing plant of innovative SPC flooring Bathware to expand margins India’s largest Single Roof Wall Tile New manufacturing plant for large Plant
Slide 22: Additional Manufacturing Infrastructure across Existing and New Products
Additional Manufacturing Infrastructure across existing and new Value Added Innovative Products Near to Short Term is set to witness multiple manufacturing plants from AGL Project GVT Sanitaryware SPC Flooring Quartz New Project Wall Tiles Company Future Ceramic Pvt. Ltd. AGL Sanitaryware Pvt. Ltd.
Slide 23: Foray into Stone Plastic Composite (SPC) Flooring
Foray into Stone Plastic Composite (SPC)- a New Age Innovative Flooring Having a Portfolio of Unique Floorings to further expand AGL’s Core Theme i.e. Single Roof Offerings New upcoming opportunity in SPC tiles Global SPC Flooring Market Size (USD Bn) Geographical Breakup of the Global SPC Market (U
Slide 24: Enhancement of Brand Visibility and Global Go-to-Market Expansion
Enhancement of Brand Visibility and Global Go-to-Market Expansion Brand Visibility Enhancement Further Expansion of Domestic Expand International Presence through New Age Means Touch Points through Strategic Planning • Expand exclusive showrooms • Add new dealerships and • Expand and leverage Social
Slide 25: Well Established Market Reach
Well Established Market Reach 24
Slide 26: Touch Points across India
AGL’s reach covers all the states and union territories across the country Touch Company Owned 6,500+ Points 9 Display Centres Distributors, Dealers States and UTs 2,700+ & S-Dealers 35 Reached Exclusive Countries 235 Franchise 100 Exports 25
Slide 27: 67 Distributors, 2,700 Dealers and Sub-Dealers
Multi-model approach to reach each corner of the country and across the world AGL has adopted effective blend of Distributor & Dealer Network, Exclusive Franchise Points and Own Display Centres Distributor Dealer Franchise Own Display Network Network Network Centres 67 Distributors 2,700 Dealers 235
Slide 28: Marquee Corporate, Institutional and Projects Clientele
Marquee Corporate, Institutional and Projects Clientele 27
Slide 29: Best in Class Infrastructure
Best in Class Infrastructure
Slide 30: Technology Adoption and Upgradation
Technology Adoption and Upgradation- AGL has led the Indian Ceramic Story to induct most latest innovations at work For years, AGL has been introducing most latest and unique technologies and products to the industry AGL is highly respected for having many “First Times” in its basket and the trend i
Slide 31: State of the Art Infrastructure
State of the Art Infrastructure Infrastructure has always played one of the most critical role in getting AGL where it is today on the league table AGL Dalpur Plant (Wall Tiles) AGL Dalpur Plant (GVT) AGL Dalpur Plant (Marble & Quartz) Ahmedabad Head Office Mehsana Idar Himmatnagar AGL Dholka Plant
Slide 32: Industry Overview
Industry Overview Slider 31
Slide 33: India's Ceramic Tiles Production
Indian’s Ceramic Tiles Production Over the years, India has delivered consistent performance in production of tiles, ranking at No.2 Position Globally after China India’s Ceramic Tile Production India’s Ceramic Tile Consumption Highest Y-o-Y Growth Delivered in the World Highest Y-o-Y Growth Deliver
Slide 34: India's Ceramic Tiles Industry
India’s Ceramic Tiles Industry Growing Organisation of the Industry led by government reforms Ceramic Tiles Market Systemic shift from Unorganized INR 38,500 Crore to Organized segment . . . Organized Unorganized INR 18,500 Crore INR 20,000 Crore 51.0% 52.0% 50.0% Listed Majors Unlisted INR 8,500 Cr
Slide 35: India's Ceramic Tiles Exports
India’s Ceramic Tiles Exports Not leaving any stone unturned, India surpassed Spain to become 2nd Largest Exporter of Ceramic Tiles globally after China India’s Pie in Global Ceramic Tiles Exports in CY2020 38%+ CAGR growth in Ceramics exports from India % of World Exports (figures in sq.mt. Mn.) Ot
Slide 36: Fundamentals Fueling Domestic Demand and Consumption
Fundamental fueling Domestic Demand and Consumption Rapid Urbanisation Rate in India By 2030, 77% of India’s population will comprise of Millennials & Gen Z2 Lower Mid & Upper Mid will together constitute ~78% of population by 2030 4 4 4 3 4 4 3 3 4 3 3 3 3 10 11 3 3 8 Median Age 31 4 3 3 7 5 2 3 6
Slide 37: Recent Key Trends in the Indian Ceramic Tiles Story
Recent Key Trends in the Indian Ceramic Tiles Story Growing Urbanisation resulting into Rising demand for Commercial Real increasing need for new homes in Cities Estate in top cities across the country Rising disposable incomes resulting into Consistent addition of New capacities need for higher sta
Slide 38: Financials
Financials 37
Slide 39: Balance Sheet
Balance Sheet Particulars (INR in crores) Consolidated Standalone FY22 FY21 FY20 FY19 FY22 FY21 FY20 FY19 Fixed assets 476.2 457.3 462.8 471.5 239.9 235.8 246.2 231.1 Capital work in progress 52.0 24.4 9.4 0.1 0.8 0.1 0.7 0.0 Investments 65.9 46.3 29.8 27.6 106.8 46.7 36.7 54.0 Trade receivables 469
Slide 40: Statement of Profit & Loss
Statement of Profit & Loss Particulars (INR in crores) Consolidated Standalone FY22 FY21 FY20 FY19 FY22 FY21 FY20 FY19 Revenue from operations 1563.8 1,292.3 1,224.5 1,186.7 1349.1 1,036.2 1,013.2 1,005.1 Cost of material consumed 279.6 214.6 306.5 326.8 179.3 137.9 173.9 205.1 Purchase of stock in
Slide 41: Snapshot of Financial Performance – 5 years
Snapshot of Financial Performance – 5 years Net Revenue (Rs. in Crores) 1,563.8 Net Worth (Rs. in Crores) 918.2 1,224.5 1,292.3 1,171.4 1,186.7 626.0 517.4 435.1 451.1 FY2018 FY2019 FY2020 FY2021 FY2022 FY2018 FY2019 FY2020 FY2021 FY2022 EBITDA & EBITDA Margin (%) PAT & PAT Margin (%) 12.0 160.0 14.
Slide 42: Snapshot of Financial Performance – Debt Levels, ROCE and ROE
Snapshot of Financial Performance – 5 years Debt Levels ROCE and ROE 0.74 0.74 12.10 25. 00 14. 00 500 0.8 0.62 9.10 450 10.00 0.7 12. 00 20. 00 8.10 400 0.6 10. 00 0.46 350 15. 00 0.5 8.0 0 300 250 0.4 4.62 6.0 0 0.21 10. 00 200 0.3 4.0 0 150 5.0 0 0.2 2.0 0 19.53 10.64 10.50 12.10 12.00 100 0.1 32
Slide 43: Group Structure and Shareholding Pattern
With addition of More Value Added Products, Net Sales Realisation (NSR) has been growing ASIAN GRANITO INDIA LIMITED AGL INDUSTRIES AMAZOONE CRYSTAL CERAMIC AGL GLOBAL TRADE FUTURE CERAMICS AGL SANITARYWARE AGL SURFACES LIMITED CERAMICS LIMITED INDUSTRIES PVT PRIVATE LIMITED PRIVATE LIMITED PRIVATE
Slide 44: Thank You
Asian Granito India Limited THANK YOU Office 202, Dev Arc, Opp. Iskcon Temple, S.G. Highway, Ahmedabad- 380015, Gujarat, India 43
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