Slide 1: Exchange covering letter for investor presentation
OBL:HO:SEC:00: New Delhi : 08.11.2022 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: Next Leg of Growth - Investor Presentation Q2FY23
Next Leg of Growth Investor Presentation Q2FY23
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 - 2.4 MSM# ▪ Morbi, GUJ - 10.0 MSM 5 45 3 State-of-the-art own Facilities 2 AE Facilities +33.8# Years in Tiles Industry Million sqmt Annual Capacity (including AE) Strong Balance s
Slide 5: Company Journey & Outlook
Company Journey & Outlook
Slide 6: Operational Highlights of 1HFY23
Operational Highlights of 1HFY23 ▪ Continued to invest on people – Net Addition 29. ▪ Rewards & Recognitions events organized to felicitate outstanding performances – Sales & Support People functions. ▪ Employee Sock Option Scheme coverage extended to more employees. ▪ Tooth to Tail Ratio (T3R) – 2.
Slide 7: Investments in Growth – Round 1 Completed
Investments in Growth – Round 1 Completed Capex Value Restart of MF-2 (Ceramic Floor) – 1.1 MSM capacity – Completed in Q3FY21 Rs 5 crores Projects announced to cater to existing Modernization of MP 1 (Ceramic Wall ) – 0.7 MSM capacity, Completed in Q3FY22 Rs <10 crores geographies (North & East) De
Slide 8: Financial & Operational Highlights
Financial & Operational Highlights
Slide 9: Business Environment - Q2FY23
Business Environment- Q2FY23 ▪ Demand from retail not as strong as expected earlier, multiple factors at play : ▪ Rising interest rates – 190 bps increased since May 2022. ▪ Liquidation of stocks by a few players leading to price uncertainty/destocking. ▪ Strong base in Q2 last year post resumption
Slide 10: Consolidated Financial Performance Snapshot
Consolidated Financial Performance Snapshot Revenue EBITDA PBT Q2 Rs. 171 Crores Q2 Rs. 13.5 Crores Q2 Rs. 7.9 Crores 3 year CAGR : 12% Margin : 7.9% Margin : 4.6% 1H Rs. 325 Crores 1H Rs. 28.1 Crores 1H Rs. 17.2 Crores 3 year CAGR : 10% Margin : 8.7% Margin : 5.3% PAT Cash Conversion - Q2 22 Days R
Slide 11: Highlights - Revenues
Highlights - Revenues Revenue (in Crores) Volume (Lac m2) ASP (Rs. per m2) +39.7% +31.8% +2.4% +15.9% +9.8% -9.8% Q2FY23 167.5 171.4 293 66.0 59.5 288 122.7 130.0 51.3 54.2 260 286 114.0 124.8 45.4 253 43.6 252 +20% 79.6 88.0 34.3 37.5 253 239 240 251 43.2 42.0 53.5 46.6 17.1 16.7 20.6 15.9 232 235
Slide 12: Highlights - Profitability
Highlights - Profitability EBITDA(In Crores) EBITDA Margin PBT(Rs in Crores) PBT Margin 9.5% 10.1 6.0% 15.9 7.9 4.6% +78% 13.5 Q2FY23 8.1% 10.6 7.9% +648% 3.9 3.0% 7.6 +3.8% +1.7% 6.2% 1.1 0.9% Q2FY20 Q2FY21 Q2FY22 Q2FY23 Q2FY20 Q2FY21 Q2FY22 Q2FY23 Q2FY20 Q2FY21 Q2FY22 Q2FY23 Q2FY20 Q2FY21 Q2FY22 Q
Slide 13: Strong Debt Profile & Working Capital Cycle
Strong Debt Profile & Working Capital Cycle Working Capital Debt DSO DIO DPO Days Cash Rs 50.9 Rs Crores Net Debt Rs (-) 19.0 22 13 18 Cash Rs 41.0 49 Net Debt Cash Rs 11.5 30 29 Rs (-) 31.6 Net Debt 46 43 43 Rs (-) 5.9 31.9 -63 -54 -70 9.4 5.6 31-Mar-2021* 31-Mar-2022* 30-Sep-22 31-Mar-21 31-Mar-22
Slide 14: Consolidated Abridged Income Statement
Consolidated Abridged Income Statement Quarter Ended 1H Ended (Rs. Crore) Q2FY22 Q2FY23 Y-o-Y 1HFY22 1HFY23 Y-o-Y Income from Operation 167.5 171.4 2.4% 254.0 324.6 27.8% ▪ Despite significant savings on consumption Other operating Revenue 0.2 1.6 601.7% 0.4 2.9 616.1% front, increase in Revenue for
Slide 15: Consolidated Abridged Balance Sheet
Consolidated Abridged Balance Sheet Year ended (Rs. Crores) Liabilities Sep 30, 2022 March 31, 2022 Equity Share Capital 14.5 14.4 Other Equity 284.6 270.3 Net Worth 299.1 284.8 Borrowings 5.6 9.4 Trade Payables 101.9 99.7 Other Liabilities 47.3 52.1 Liability for Lease Assets 6.9 6.3 Total Liabilit
Slide 16: Investments in Growth – Round 2 Capex
Investments in Growth – Round 2 Capex New Capex Project Approved with focus on Bigger + High Growth Markets of South & West : ✓ New Glazed Vitrified Tiles (GVT) Line at Dora, Gujarat. ✓ Capacity Increase – 3.3 MSM p.a. ✓ Total Capex – ~Rs. 76 Crores. ✓ Expected to get commissioned by Q3FY24. ✓ To be
Slide 17: Company Initiatives
Company Initiatives
Slide 18: GVT NPDs @Dora leveraging the augmented capacity
GVT NPDs @Dora leveraging the augmented capacity Inspire 600x1200 Cippolino Marble Rock Emperador Brown Carvings White Marble Royal Opera Blue Double Herringbone Oak 17
Slide 19: Creating demand for NPDs
Creating demand for NPDs Orient Bell Tiles © 29 Jul @ Add a shining touch to your floor with our all new Carving Range from Inspire Select Carving Tiles add a shining effect to your flooring =sThe range offers an array of shiny & beautiful designs in 2 different sizes. Explore the collection online.
Slide 20: Revitalizing the unique selling propositions of existing Tiles
Or Revitalizing the unique selling propositions of existing Tiles 19
Slide 21: And Celebrating Occasions, Customers & more…
And Celebrating Occasions, Customers & more… 20
Slide 22: & Winning Awards too….
& Winning Awards too…. Awarded “BEST BRAND in the BUILDING MATERIALS & BATH FITTINGS INDUSTRY” 7th Economic Times (ET) Infra Focus Summit & Awards. The award honors the leadership, strategic accomplishments, creativity and constant innovation in the products, processes, and marketing practices of Or
Slide 23: Historical Financials
Historical Financials
Slide 24: Historical Annual Performance Trends
Historical Annual Performance Trends Consolidated Figures Revenue (Rs Cr) EBITDA (Rs Cr) PAT (Rs Cr) 32 651 569 59 491 500 39 37 31 9 8 7 FY19 FY20 FY21 FY22 FY19 FY20 FY21 FY22 FY19 FY20 FY21 FY22 Gross Margin* (%) EBITDA Margin (%) PAT Margin (%) 36.2% 35.9% 37.7% 34.2% 9.0% 5.0% 6.8% 7.4% 6.4% 1.
Slide 25: Consolidated Historical Income Statement
Consolidated Historical Income Statement (Rs Crore) FY19 FY20 FY21 FY22 Revenue from operation 571.1 492.3 502.5 654.3 Other Income 1.9 5.3 1.9 3.0 Cost of Goods Sold 256.7 236.3 238.9 270.4 Employee Benefit Expense 75.7 73.6 79.2 92.5 Other Expenses 201.8 156.4 149.2 235.7 Total Operating Expenses
Slide 26: Consolidated Historical Balance Sheet
Consolidated Historical Balance Sheet (Rs Crore) Mar’19 Mar’20 Mar’21 Mar’22 (Rs Crore) Mar’19 Mar’20 Mar’21 Mar’22 Share Capital 14.2 14.3 14.4 14.4 Fixed Assets incl. CWIP 239.8 225.5 201.1 203.6 Reserves 218.3 225.3 234.9 270.3 Shareholders' Funds 232.6 239.6 249.3 284.8 Right-of-use assets - 7.9
Slide 27: 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