Slide 1: Cover letter to stock exchanges under Regulation 30
OBL:HO:SEC:00: New Delhi : 02.11.2023 BSE Limited National Stock Exchange of India Ltd. Corporate Relation Department Exchange Plaza, 1st Floor, New Trading Ring Plot No. C/1, G Block, Rotunga BuildingPhiroze Jeejeebhoy Towers Bandra-Kurla Complex, Dalal Street, Bandra (E) Mumbai - 400 001 Mumbai-40
Slide 2: Orient Bell Ltd. Investor Presentation Q2FY24
Orient Bell Ltd. Investor Presentation Q2FY24
Slide 3: Disclaimer
Disclaimer This presentation may contain certain forward-looking statements relating to Orient Bell Ltd. and its future business, development and economic performance. These statements include descriptions regarding the intent, belief or current expectations of the Company, its subsidiaries and asso
Slide 4: OrientBell Limited - a leading manufacturer of tiles
OrientBell Limited- a leading manufacturer of tiles ▪ Sikandrabad, UP - 14.8 MSM ▪ Hoskote, KAR - 6.6 MSM ▪ Dora, GUJ - 5.5 MSM# ▪ Morbi, GUJ - 10.0 MSM 5 46 3 State-of-the-art own Facilities Years in 2 AE* Facilities +36.9 Ceramics Industry Million sqmt Annual Capacity (including AE*) Strong Balanc
Slide 5: Business Environment, Financial & Operational Highlights
Business Environment, Financial & Operational Highlights 4
Slide 6: Business Environment - Q2FY24
Business Environment- Q2FY24 ▪ Sluggish Domestic Demand resulting in aggression on both pricing & credit. ▪ Gas Costs reduced sequentially but has started to increase. ▪ Good demand for building products used earlier in construction cycle augurs well for uptick in tile demand once projects approach
Slide 7: Operational Highlights of Q2FY24
Operational Highlights of Q2FY24 People Safety T3R – 2.35:1 Top Priority L&D >2000 Hrs NIL accidents Brand OBTX Vitrified Mix GVT Salience Investments Active Count 356 47.6% of total sales 24.9% of total sales 3.4% of sales - (+5.0% y-o-y) (+2.2% y-o-y) - 40% of total sales at par with LY Dora GVT L
Slide 8: Highlights - Revenues
Highlights – Revenues Revenue (Rs. crores) Volume (Lac m2) ASP (Rs. per m2) -7.4% +10.8% -3.5% 171.4 -3.8% +14.5% 293 Q2FY24 158.7 287 143.2 59.5 287 57.2 288 50.0 286 286 280 124.8 106.6 277 100.9 43.6 38.6 276 35.2 46.6 42.3 52.0 15.9 14.8 18.6 Q2FY23 Q1FY24 Q2FY24 Q2FY23 Q1FY24 Q2FY24 Q2FY23 Q1FY
Slide 9: Consolidated Abridged Income Statement
Consolidated Abridged Income Statement Quarter Ended 1H Ended (Rs. Crore) Q2 Q1 Q2 1H 1H Y-o-Y Q-o-Q Y-o-Y FY23 FY24 FY24 FY23 FY24 Income from Operation 171.4 143.2 158.7 -7.4% 10.8% 324.6 301.8 -7.0% Other Operating Income 1.6 0.9 1.1 -33.2% 12.9% 2.9 2.0 -31.0% ▪ Cost base improving now Revenue f
Slide 10: Consolidated Abridged Balance Sheet
Consolidated Abridged Balance Sheet Year ended (Rs. Crores) Liabilities September 30, 2023 March 31, 2023 Equity Share Capital 14.6 14.5 Other Equity 295.1 295.8 Net Worth 309.6 310.2 Borrowings 19.0 1.9 Trade Payables 107.2 115.3 Other Liabilities 55.9 46.9 Liability for Lease Assets 5.8 6.8 Total
Slide 11: Strong Debt Profile & Working Capital Cycle
Strong Debt Profile & Working Capital Cycle Working Capital Debt Rs. In crores DSO DIO DPO Short Term Borrowing Long Term Borrowing 25 Cash Rs 8.3 25 Cash Rs 41.1 Net Debt 18 Rs 10.7 50 54 Net Debt 43 Rs (-) 31.6 Cash Rs 3.3 29 39 47 Net Debt Rs (-) 1.4 19.0 -54 -64 -76 9.4 1.9 31-Mar-22* 31-Mar-23*
Slide 12: Company Initiatives
Company Initiatives 11
Slide 13: Dora GVT Line-2 (3.3 MSM p.a. capacity)
Dora GVT Line -2 (3.3 MSM p.a. capacity) ▪ Commercial Production Commenced on 28-Sep-23 – ahead of indicated timelines ▪ Expected capex cost lower by 18% vs budget of Rs. 76 Crs. Supports “Scale Up” in the Bigger and High Growth markets of South & West. 12
Slide 14: We continued celebrating our unique tiles
We continued celebrating our unique tiles 13 13
Slide 15: Showing Agility for Planned & Unplanned occasions
Showing Agility for Planned & Unplanned occasions 14 14
Slide 16: And launching Relevant New Products
And launching Relevant New Products 15 15
Slide 17: Our social posts continue to have impact
Our social posts continue to have impact
Slide 18: These Efforts Got Recognized
While Orientbell has 20% of posts of the tile category, it has 50% share-of-voice. These Efforts Got Recognized • Our #TechNoTension campaign stood out & won the GOLD at the e4m Indian Digital Marketing Awards 2023 for the Best Use of Social Media. • There were 1300+ nominations from more than 450+
Slide 19: Historical Financials
Historical Financials 18
Slide 20: Historical Annual Performance Trends
Historical Annual Performance Trends Consolidated Figures Revenue (Rs Cr) EBITDA (Rs Cr) PAT (Rs Cr) 32 651 700 59 569 53 23 491 500 39 37 31 9 8 7 FY19 FY20 FY21 FY22 FY23 FY19 FY20 FY21 FY22 FY23 FY19 FY20 FY21 FY22 FY23 Gross Margin* (%) EBITDA Margin (%) PAT Margin (%) 36.2% 35.9% 37.7% 35.2% 34
Slide 21: Consolidated Historical Income Statement
Consolidated Historical Income Statement (Rs Crore) FY19 FY20 FY21 FY22 FY23 Revenue from operation 571.1 492.3 502.5 654.3 705.1 Other Income 1.9 5.3 1.9 3.0 5.4 Cost of Goods Sold 256.7 236.3 238.9 270.4 274.9 Employee Benefit Expense 75.7 73.6 79.2 92.5 100.9 Other Expenses 201.8 156.4 149.2 235.
Slide 22: Consolidated Historical Balance Sheet
Consolidated Historical Balance Sheet (Rs Crore) Mar’19 Mar’20 Mar’21 Mar’22 Mar’23 (Rs Crore) Mar’19 Mar’20 Mar’21 Mar’22 Mar’23 Share Capital 14.2 14.3 14.4 14.4 14.5 Fixed Assets incl. CWIP 239.8 225.5 201.1 203.6 247.8 Reserves 218.3 225.3 234.9 270.3 295.8 Shareholders' Funds 232.6 239.6 249.3
Slide 23: Thank You
Thank You Orient Bell Limited Mr. Himanshu Jindal – CFO Mr. Ashish Kapur – AGM Treasury, Investor Relations & Corporate Finance +91-11-4711-9100 (B) investor@orientbell.com www.orientbell.com Pooja Sharma / Suyash Samant Investor Relations Advisory Pooja.sharma@stellar-ir.com / suyash@stellar-ir.com