Slide 1: Exchange filing cover letter
••• ••• ••• RUSHIL DECOR LIMITED WE'LL MAKE IT RDL/037/2022-23 Date: 08.08.2022 To, To, National Stock Exchange of India Ltd. BSE Limited Exchange Plaza, Phiroze Jeejeebhoy Towers, Sandra - Kurla Complex, Dalal Street, Sandra (E), Mumbai - 400 051 Mumbai- 400 001 NSE EQUITY SYMBOL: RUSHIL BSE SCRIPT
Slide 2: Investor Presentation Q1 FY23
Investor Presentation Q1 FY23
Slide 3: Disclaimer
Disclaimer This presentation has been prepared by Rushil Décor Limited (the “Company”) solely for information purposes and does not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form the basis or be relied on in connection with any cont
Slide 4: Table of Contents
RUSHIL WE'LL Table of Contents oh Company Snapshot a Quarterly Financial Highlights 7h Company Overview 7H Industry Overview 7h Way Ahead
Slide 5: Management Comment
Management Comment Commenting on the results Mr. Krupesh Thakkar, Chairman said – “We are happy to announce that the Company has produced excellent set of numbers for Q1 FY23 on the back of enormous efforts put in by the team. We have been striving to increase the capacity utilisation at AP plant an
Slide 6: Company Snapshot
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Slide 7: A Snapshot of our Company
A Snapshot of our Company One of the leading player in manufacturing Decorative Laminate Sheets and 1 Medium Density Fibre Boards (MDF) in India 4 generations in Business of Designing 120 VIR Studios across India Strong Business Segments 2 One of the Largest player in Laminates segment – present wit
Slide 8: Segment Highlights - Laminates
Segment Highlights - Laminates Network Unit 3 Units 80+ Distributors Location Gujarat 7 Consignment stockists 34.92 lakh Capacity sheets per annum Average 1 Depots Utilization FY22 – 80% Q1FY23 – 83% 8 Branches Brands 1,600 Dealers 7
Slide 9: Segment Highlights - MDF
Segment Highlights - MDF Unit Unit 1 Unit 2 Network Chikmagalur, Visakhapatnam, Location Karnataka Andhra Pradesh 400+ Distributors Capacity 90,000 CBM 2,40,000 CBM 2 Consignment stockists per annum per annum Average Average Utilization FY22 – 76% FY22 – 56% 4,000+ Dealers Q1FY23 – 85% Q1FY23 – 73%
Slide 10: Q1 FY23 Financial Highlights
Q1 FY23 Financial Highlights
Slide 11: Performance Highlights
Performance Highlights Strong volume growth on back of higher capacity utilisation & incremental exports Improvement in Domestic and Export Realisations Significantly higher value addition vis-à-vis same Q1 FY23 quarter last year – 29% in Q1 FY23 Performance Higher economies of scale for AP plant (7
Slide 12: Quarterly Segmental Highlights - Laminates
Quarterly Segmental Highlights - Laminates Volume Sales (lakh sheets ) Realisation (Rs. per sheet) 745 636270 600123 679 Q1FY22 Q1FY23 Q1FY22 Q1FY23 Total Sales (Rs. Cr)* EBITDA# (Rs. Crs) / Margin (%) 47.43 6.52% 40.74 3.11 7.03% 2.94 Q1FY22 Q1FY23 Q1FY22 Q1FY23 *Does not include inter segment reve
Slide 13: Quarterly Highlights – Laminates Geographical Break-up
Quarterly Highlights – Laminates Geographical Break-up Volume (lakh sheets) Value (Rs. Cr) 30.60 369603 358090 26.93 278180 230520 16.83 13.81 Q1FY22 Q1FY23 Q1FY22 Q1FY23 Exports Domestic Exports Domestic Domestic Realisation (Rs. per sheet) Exports Realisation (Rs. per sheet) 605 855 599 729 Q1FY22
Slide 14: Quarterly Segmental Highlights - MDF
Quarterly Segmental Highlights - MDF Volume Sales (cbm) 58745 Realisation (Rs. per cbm) 27362 20145 24529 Q1FY22 Q1FY23 Q1FY22 Q1FY23 Total Sales (Rs. Cr)* EBITDA# (Rs. Cr) / Margin (%) 160.74 27.45% -1.58% 44.15 49.42 -0.78 Q1FY22 Q1FY23 Q1FY22 Q1FY23 *Does not include inter segment revenue 13
Slide 15: Quarterly Highlights – MDF Geographical Break-up
Quarterly Highlights – MDF Geographical Break-up Volume (cbm) 47428 Value (Rs. Cr) 134.23 19770 48.73 11317 26.51 375 0.69 Q1FY22 Q1FY23 Q1FY22 Q1FY23 Exports Domestic Exports Domestic Domestic Realisation (Rs. per cbm) Exports Realization (Rs. per cbm) 23425 28301 18279 24651 Q1FY22 Q1FY23 Q1FY22 Q
Slide 16: Quarterly Highlights
Quarterly Highlights Rs. Crore Q1 FY23 Q1 FY22 Y-o-Y (%) Higher export volumes and realisations Total Income 210.78 90.99 131.65% recorded in this quarter EBITDA 47.52 1.51 3056.32% Revenue growth driven by higher sales volume EBIDTA Margin (%) 22.55% 1.65% 2090 bps and better realisations due to hi
Slide 17: Annual Highlights – Laminates
Annual Highlights – Laminates Realisation (Rs. per sheet) 691 Volume Sales (lakh sheets) 2869155 2778474 601 2682847 586 2020 2021 2022 2020 2021 2022 EBITDA# (Rs. Crs) / Margin (%) Export Volume (lakh sheets) Export Realisation (Rs. per sheet) 10.72% 788 9.96% 1687370 1611888 6.46% 698 18.82 657 16
Slide 18: Annual Highlights – MDF
Annual Highlights – MDF Volume Sales (cbm) Realisation (Rs. per cbm) 24,416 176545 19733 20041 83952 77520 2020 2021 2022 2020 2021 2022 EBITDA# (Rs. Crs) / Margin (%) Export Volume (cbm) Export Realisation (Rs. per cbm) 14.82% 22239 14114 22103 64.39 13.56% 21977 11.62% 22.66 18.11 367 232 2020 202
Slide 19: Annual Financial Highlights
Annual Financial Highlights Commencement of production Rs. Crore FY22 FY21 Y-o-Y (%) at new plant in Andhra Pradesh, in March’21, led to Total Income 624.17 335.44 86.07% significant volume growth in MDF segment in FY22 EBITDA 73.94 34.97 111.43% Revenue growth driven by a EBIDTA Margin (%) 11.85% 1
Slide 20: Company Overview
Company Overview
Slide 21: 30 years of Growth & Experience
Milestones Signed MOU with Andhra Pradesh Achieved Listing with BSE & 73% Government to NSE through utilization in establish project Amalgamation Of MRPL & Initial Public AP plant in Started of Thin & Thick RHPL Manufacturing Units Offering June’22 manufacturing of MDF Board Into Rushil Decor Privat
Slide 22: Strong & Experienced Management Team
Strong & Experienced Management Team Shri Krupeshbhai G. Thakkar – Chairman Experience in industry of laminated sheets and allied items Conferred with several accolades which include “Rajiv Gandhi Shiromani Award” and “Indira Gandhi Sadbhavana Award” in 2007 for his achievement in his field of work
Slide 23: Industry Overview
on Pr DECOR LIMITED WE'LL MAKE IT Industry
Slide 24: Huge opportunity in Laminates & MDF
Huge opportunity in Laminates & MDF Percentage share of organized / unorganized furniture industry Laminates Industry Snapshot Industry size – INR Consumption of Indian panel products has grown at 6,000+ crore CAGR of 15-20% for organised segment 40% organized sector Organized, Increasing consumeris
Slide 25: Furniture of the Future: Made with MDF
Furniture of the Future: Made with MDF MDF v/s Plywood Consumption Global Size of MDF market* Regional Demand for MDF in India Plywood MDF In $ Bn Others, 10% 102 30% West, 15% 65% 61.3 South, 45% 70% 35% North, 2019 2027 30% GLOBAL INDIA Huge penetration opportunity India’s MDF consumption 2.8 mill
Slide 26: Way Forward
Way Forward
Slide 27: Way Ahead
Way Ahead Aggressive Marketing through Dealer Network expansion & Promotional Activities Opening new marketing offices, appointment of new distributors Smaller towns are emerging realty hubs - intend to capitalize on these opportunities Reaching Optimum Capacity Utilisation and Achieving Higher Effi
Slide 28: Thank You
Thank You For further information, please contact: Mr. Hiren Padhya Chief Financial Officer Rushil Decor Ltd Email: hiren.padhya@rushil.com Website: www.rushil.com Mr Amit Sharma / Ms Disha Shah Bridge Investor Relations Pvt. Ltd. Tel: +91 9867726686 / +91 9699060134 Email: amit@bridge-ir.com, disha