Slide 1: Elin Electronics Limited – Exchange Intimation Letter
ELIN ELECTRONICS LIMITED ELIN HOUSE, 4771, BHARAT RAM ROAD, 23 DARYA GANJ NEW DELHl-110 002 Website : www.elinindia.com ' Tel. : 91-1143000400 9~-11-23289340 Fax : 30 1h May, 2023 National Stock Exchange of India Limited BSE Limited Exchange Plaza, 5th Floor, Corporate Relationship Department, Plot
Slide 2: Q4FY23 Earnings Presentation
Elin Electronics Limited Q4FY23 Earnings Presentation May 2023
Slide 3: FY23 Snapshot
FY23 Snapshot Revenue EBITDA Profit After Tax INR 10,754 million INR 674 million INR 268 million down ~2% from down ~16% from down ~32% from INR 10,937 million INR 799 million INR 392 million Cash from Operations Net Cash / (Debt) Net WC Days INR 623 million INR 460 million 65 Days up ~9% from from
Slide 4: Q4FY23 Snapshot
Q4FY23 Snapshot Amounts in INR million Q4-FY22 Q4-FY23 FY22 FY23 Revenue 3,170 2,687 10,937 10,754 EBITDA 253 107 799 674 Margin % 8.0% 4.0% 7.3% 6.3% Adjusted EBITDA 253 187 799 754 Margin % 8.0% 6.9% 7.3% 7.0% PAT 129 16 392 268 Revenue grew ~33% on a QoQ basis, but was down ~15% on a YoY basis
Slide 5: Revenue Breakdown
Revenue Breakdown Amounts in INR million Q4-FY22 Q4-FY23 FY22 FY23 Lighting, Fans & Switches 973 909 3,326 3,551 Small Appliances 834 700 2,551 2,505 FHP Motors 645 464 2,369 1,952 Other EMS 108 119 309 373 Total EMS 2,560 2,191 8,555 8,380 Precision Components & Others 590 496 2,215 2,253 Medical C
Slide 6: Expenditure Analysis
Expenditure Analysis Q4-FY22 Q4-FY23 FY22 FY23 Cost of Material Consumed 74.7% 74.8% 74.6% 74.1% Employee Benefits 10.8% 12.7% 11.5% 12.0% Other Expenses 6.6% 9.2% 6.7% 7.9% EBITDA 8.0% 4.0% 7.3% 6.3% Adjusted EBITDA 8.0% 6.9% 7.3% 7.0% Finance Costs 1.2% 0.9% 1.2% 1.2% Depreciation 1.2% 2.2% 1.3% 1
Slide 7: Lighting, Fans & Switches
Lighting, Fans & Switches Amounts in INR million Q4-FY22 Q4-FY23 FY22 FY23 Lighting 672 675 2,352 2,529 Flashlights 77 64 310 329 Fans 186 137 517 528 Switches 38 32 146 165 Total 973 909 3,326 3,551 Lighting revenue (ex-flashlights) was flat YoY on a quarterly basis but showed ~8% growth in FY23,
Slide 8: Small Appliances
Small Appliances Amounts in INR million Q4-FY22 Q4-FY23 FY22 FY23 Kitchen & Home Care 619 448 1,972 1,781 Personal Care 215 252 579 724 Total 834 700 2,551 2,505 Kitchen & home care revenue was impacted primarily by lower sales of mixer grinders from INR 256 million in Q4FY22 to INR 134 million in
Slide 9: Fractional Horsepower Motors
Fractional Horsepower Motors Amounts in INR million Q4-FY22 Q4-FY23 FY22 FY23 Consumer Durables 350 318 1,696 1,396 Fans 246 84 530 349 Others 49 62 143 207 Total 645 464 2,369 1,952 Motors of Consumer durables comprise mixer grinders, hand blenders and chimney Adverse impact was seen in sales o
Slide 10: Capex Overview
Capex Overview Amounts in INR million Ghaziabad Baddi Goa Total (FY23) Land & Building 75 23 - 98 Plant & Machinery 151 50 18 219 Electrical Installation 70 3 0 74 Tools, Dies & Moulds 58 27 13 98 Others 28 2 4 35 Total 383 105 36 524 Note: Pursuant to the registration of land in Bhiwadi, it was cap
Slide 11: Key Initiatives Undertaken/To be taken
Key Initiatives Undertaken/To be taken Description Status Introduction of SAP • Has gone live from Jan 1, 2023 • We expect to drive efficiencies in inventory reduction and manpower planning via real time data availability Installation of 33 KVA line in • Reduction in per unit electricity cost result
Slide 12: Status of New Product Launches
Status of New Product Launches Description Category Current Status BLDC Fans Lighting, Fans & Switches Launched in Q1FY24, 1 more customer to be added in Q2FY24 TPW Fans Lighting, Fans & Switches Product ready, launch in Q1FY24 Heated Hair-Brush Small Appliances Product under development, launch in
Slide 13: Thank You
Thank You