Asian Paints Ltd. · NSE:ASIANPAINT
Asian Paints — Q2 FY2022 Earnings Presentation
23 slides from Asian Paints's earnings presentation, Oct 21, 2021
Slide 1: Intimation to Stock Exchanges: Investor Presentation
APL/SEC/19/2021-22/47 21st October, 2021 BSE Limited National Stock Exchange of India Limited Corporate Relationship Department Exchange Plaza, Plot No. C/1, Phiroze Jeejeebhoy Towers, Block G, Bandra – Kurla Complex, 25th Floor, Dalal Street, Bandra (East), Fort, Mumbai – 400 001 Mumbai – 400 051 S
Slide 2: Classification: Restricted Classification: Restricted
Classification: Restricted Classification: Restricted
Slide 3: Delivering joy since 1942
Classification: Restricted Delivering joy since 1942…. We exist to Beautify, Preserve, Transform all Spaces and Objects, bringing happiness to the World! Classification: Restricted
Slide 4: Disclaimer
Classification: Restricted Disclaimer This communication, except for the historical information, may contain statements which reflect the Management’s current views and estimates and could be construed as forward looking statements. The future involves certain risks and uncertainties that could caus
Slide 5: Decorative Business (India)
Classification: Restricted Strong topline momentum continued in Q2 – evident from the strong 2/3 year compounded growth rates in volume as well as value 34% 35% Decorative Business (India) 20.3% 16.2% 22.0% Q2 Volume 19.8% 17% & Value 12% 11% 9% Trend 9% 6% Volume Gr% Value Gr% Q2FY19 Q2FY20 Q2FY21
Slide 6: Strong Volume Growth Trend
Classification: Restricted Strong Volume Growth Trend Decorative Business (India) Volume Index *20.3% 200 *22.6% 180 *17.9% 160 *13.4% *15.2% 140 120 100 80 60 40 20 - Q1 FY19 Q2 FY19 Q3 FY19 Q4 FY19 Q1 FY20 Q2 FY20 Q3 FY20 Q4 FY20 Q1 FY21 Q2 FY21 Q3 FY21 Q4 FY21 Q1 FY22 Q2 FY22 Quarterly representa
Slide 7: Key Business Update – Domestic Decorative Business
Classification: Restricted Key Business Update – Domestic Decorative Business Key Business Update ❖ Strong volume growth led by growth in T1/T2 centers across regions Decorative Business (India) ❖ Despite covid related restrictions in certain regions & prolonged monsoon ❖ Industry beating growth ove
Slide 8: New Product Introductions
Classification: Restricted Smart Care Tile Grout New Product Introductions Smart Care HydroLOC ALL Protek Fire Retardant Paint AP Woodtech Ingenio PU MDF Filler Royale Glitz Teflon Classification: Restricted
Slide 9: Key Business Update – Domestic Decorative Business
Classification: Restricted Key Business Update – Domestic Decorative Business Key Business Update ❖ Network Expansion & Upgradation Focus Decorative Business (India) ❖ Expanding Rurban footprint – into new towns and suburbs, with 40,000+ new retail points added over last year and a half ❖ Continued
Slide 10: Designer Home Furnishings
Classification: Restricted Designer Home Furnishings Classification: Restricted
Slide 11: Classification: Restricted Classification: Restricted
Classification: Restricted Classification: Restricted
Slide 12: Classification: Restricted Classification: Restricted
Classification: Restricted Classification: Restricted
Slide 13: Services – A Key Business Differentiator
Classification: Restricted Services – A Key Key Business Differentiator; Update Unique Business – Domestic Decorative Propositions ❖ Beautiful Homes Service – gaining traction; Decorative Business (India) ❖ Delivering cutting edge, inspiring Décor ❖ More than 500+ sites booked in first half ❖ Safe P
Slide 14: APL Standalone Gross Margins
Classification: Restricted APL Standalone Gross Margins Key Business Margins impacted - SteepUpdate – Domestic inflationary Decorative trend Business persists. Further 6% inflation in material prices in 2nd Qtr over the average input prices in 1st Qtr. Quarterly Gross Margin Trend ~15% Material infl
Slide 15: International Business
Classification: Restricted Key Business Key Business Update – DomesticUpdate Decorative Business ❖ Delivered mid single digit revenue growth in 2nd Qtr Revenue 49% over LY – mixed bag across regions International Business 21% 633 18% ❖ Asia - Good growth despite challenges around Covid 3% 16% 1% res
Slide 16: Industrial Business
Classification: Restricted Key Business Key Business Update – DomesticUpdate Decorative Business ❖ PPG-AP Revenue 72% ❖ Business continues to recover from lows Industrial Business 33% 92% ❖ Strong push for implementing price 632 55% increases across B2B customers 377 335 180 PPG-AP AP-PPG ❖ AP-PPG Q
Slide 17: Home Improvement Business
Classification: Restricted Home Improvement Business Key Business Key Business Update – DomesticUpdate Decorative Business ❖ Kitchen Business Revenue 94% 83% ❖ Rs. 100 crs + revenue mark milestone for the 70% 69% Qtr 171 ❖ Strong performance in Full Kitchen solutions as 149 well as Components busine
Slide 18: Home Improvement Business
Classification: Restricted Home Improvement Business Classification: Restricted
Slide 19: Summary – Standalone Financials
Classification: Restricted Summary Key Business Update––Standalone Financials Domestic Decorative Business H1 (figures in columns in Rs. crs) Quarter 2 10,938 57% 36% 6,152 28% 4,087 16% 7% 16% 9% 22% 22% 24% 2,193 1,757 1,624 875 830 619 1,215 Revenue Gross Contribution PBDIT * PBT PAT Revenue Gros
Slide 20: Summary – Consolidated Financials
Classification: Restricted Summary Key Business – Consolidated Update Financials – Domestic Decorative Business Quarter 2 (figures in columns in Rs. crs) H1 12,681 53% 33% 7,096 25% 29% 28% 29% 4% 4,612 11% 4% 10% 2,466 904 1,818 1,605 1,179 826 605 Revenue Gross Contribution PBDIT * PBT PAT Revenue
Slide 21: Dividend
Classification: Restricted Dividend Key Business Update Distribution – Domestic Decorative Business FY 2021-22 Interim Dividend 365% ( Rs 3.65 per share) FY 2020-21 Payout Ratio : 56.1% Total Dividend 1785% (Rs 17.85 per share) Final Dividend 1450% (Rs 14.50 per share) Interim Dividend 335% (Rs 3.35
Slide 22: Looking Forward
Classification: Restricted Key Business Update – Domestic Decorative Business Looking Forward ❖ 3rd Qtr demand outlook looks positive ❖ Supported by Strong consumer sentiments coupled with Festive season demand ❖ Good monsoon augurs well for rural demand ❖ Upturn in housing construction as well as i
Slide 23: Thank You
Classification: Restricted Thank You Classification: Restricted