Shalimar Paints Ltd · NSE:SHALPAINTS
Shalimar Paints — Q4 FY2022 Earnings Presentation
26 slides from Shalimar Paints's earnings presentation, May 31, 2022
Slide 1: Regulation 30 intimation: investors presentation
SHALIMAR PAINTS May 31, 2022 BSE Limited National Stock Exchange of India Ltd Corporate Relationship Department, Exchange Plaza, 5" Floor, Ist Floor, New Trading Ring, Plot No. C/1, G- Block Rotunda Building, P.J. Towers, Bandra Kurla Complex, Bandra (E), Dalal Street, Fort, Mumbai - 400 001 Mumbai
Slide 2: Shalimar Paints Limited Investor Presentation May 2022
Shalimar Paints Limited Investor Presentation May 2022
Slide 3: Safe Harbour
Safe Harbour SHATIMAR This presentation and the accompanying slides (the “Presentation”), which have been prepared by Shalimar Paints Limited (the “Company’), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for
Slide 4: 1902, Vision and Mission
Slide 5: Company Overview
Company Overview SHPANTS 100-Year-Young Brand: Renowned for High product quality India’s iconic structures continue to use Shalimar Paints Sper troy fd the ta = ee aaeas avis = eS e ee aS ST : if eee ye eeaaye UNE Sry Re ORL DI Colors we design... Define Kolkata! $ : Adding Shades to India’s Pride F
Slide 6: Journey so far
Journey so far & SHPAINTS Shalimar Paints Colour & P. Johnson bought control, Became a public limited Name changed to Varnish Co. incorporated in became part of Red Hand company on 27th May Shalimar Paints Ltd on India Composition 18th Sep Acquires the American Nasik Plant Sold to Jhunjhnuwalas & In
Slide 7: Deal with Infra.Market
SHALIMAR Deal with Infra.Market PAINTS SHALIMAR cum INFRA.MARKET PAINTS Backed by investors including Accel, Nexus Venture Partners, Evolvence India Fund, Sistema Asia Fund and Foundamental Gmb and Tiger Global Shalimar Paints are at the inflection point of exponential growth and partnering The asso
Slide 8: Our Product Offerings
Our Product Offerings SHALIMAR PAINTS Decorative Paints Industrial Paints An extensive range of decorative and protective paint products for Pioneers in Industrial coatings - Introduced notable firsts in high interior and exterior segments performance coatings such as high-build zinc coatings, radia
Slide 9: Decorative Paints: Strategy Going Ahead
Decorative Paints: Strategy Going Ahead SHPANTS Progress over last a year Focus on areas having significant presence ¥ Cost Reduction: * Cost saving due to optimization of water & solvent- based paints Focus on smaller ———= Tier 3 & 4 towns Expert Program @ and rural area Increase in no. of Painters
Slide 10: Industrial Paints: Strategy Going Ahead
Industrial Paints: Strategy Going Ahead & SHALIMAR PAINTS From Zonal Business structure to Vertical Create opportunities for growth of Team Market Expansion SON business structure alignment Leaders to take additional responsibilities Each Vertical defined with visible Key * Upskilling the talent poo
Slide 11: Historical Financial Performance
Historical Financial Performance SHATIMAR Steady Revenue growthin boththe segmentsin Unfortunate fire incident at our plants led to loss of capacity | Corrective actions initiated led to Business this period eventually resulting in declining revenues revival until Covid-19 disruptions Mar-14 Fire Re
Slide 12: Improved supply chain management
Improved supply chain management SHALIMAR PAINTS o Used simple forecasting model to plan to produce finished goods ° Poor Order Management High Supply Chain management cost Challenges o Distribution done through conventional ° Scope to improve Dispatch efficiency g= faced Dealing with multiple servi
Slide 13: Positive outcome on financial performance
Positive outcome on financial performance SHPANTS _ oe . rf 86.8 96.7 Cost Optimization Strategies I I 3 570 62.5 70.6 v¥ Improve Supply/ RM Chain Management is I e ¥ Improve the Product Supply to Channel partners o l l zs v Increase efficiencies at Depots FY18 FY19 FY20 FY21 FY22 ¥ Reduce overall c
Slide 14: 360° growth strategy: started yielding results
360° growth strategy: started yielding results & SHALIMAR PAINTS EBITDA (Rs. Crs) Working Capital (No. of days) 3.6 Working Capital Operating Profit requirements -22.5 -33.9 FY20 FY21 FY22 FY20 FY21 FY22 Other Exp. Cashflow from (% to Revenue) Operating activities (Rs. Crs) 28.1% 15.8 Optimizing 19.
Slide 15: Strategy Going Ahead — Product Diversification
Strategy Going Ahead — Product Diversification SHALIMAR PAINTS “Launching of newer products as per the market demand & continuously improving the serviceability” Shalimar Alkali Block Dai We Kolired Weelal Seal-Proof Pearl Lustre Exterior Wall Primer Carbonation Coating * Specially formulated premiu
Slide 16: Profit & Loss Statement Q4-FY22
Profit & Loss Statement Q4-FY22 SH PAINTS Revenue from Operations 105.5 111.7 96.5 © Company has reported revenue growth of 9% from previous quarter, i.e., Q3 FY22. Cost of Materials Consumed 76.8 775 69.9 o During this quarter company has grown in Industrial segments by 31% from previous quarter, i
Slide 17: Business Segment Performance
Business Segment Performance SHPANTS Decorative Paints Industrial Paints Revenues’ (Rs. Crs.) Revenues’ (Rs. Crs.) Revenues. (Rs. Crs.) 246 237 255 130 144 376 356 399 215 206 111 119 314 317 99 FY18 FY19 FY20 FY21 FY22 FY18 FY19 FY20 FY21 FY22 FY18 FY19 FY20 FY21 FY22 Volumes (in KL ‘000) Volumes (
Slide 18: Historical Profit & Loss Statement
SHALIMAR Historical Profit & Loss Statement PAINTS Revenue from Operations 358.1 325.6 343.9 287.6 271.2 Cost of Materials Consumed 252.5 198.4 243.5 213.2 193.1 Purchase of Traded Goods 17.9 21.9 0.0 0.0 0.0 Changes in Inventories of Finished Goods and Work in Progress -1.9 24 -11.2 7.3 15.8 Gross
Slide 19: Balance Sheet (Assets)
Balance Sheet (Assets) SHALIMAR PAINTS Property, Plant and Equipment 268.9 278.4 288.3 245.7 249.6 Right of Use Assets 18 0.3 0.8 0.0 0.0 Capital Work-in-progress 0.2 0.4 0.1 23.6 0.7 Intangible Assets 4.1 4.6 5.5 Financial Assets (ii) Other Financial Assets 18 1.6 1.7 6.3 2.3 Deferred Tax Assets (N
Slide 20: Balance Sheet (Equity & Liabilities)
Balance Sheet (Equity & Liabilities) til Equity Share Capital 14.4 10.9 10.9 11.0 Other Equity 357.5 212.2 262.0 294.3 134.0 Total Equity 371.9 223.1 272.9 305.3 138.1 Financial Liabilities (i) Borrowings 84.6 24.1 18.2 18.1 24.9 (ii) Lease Liabilities 1.0 0.0 0.9 0.0 0.0 (iii) Other Financial Liabi
Slide 21: Cashflow Statement
SHALIMAR Cashflow Statement PAINTS Cash Flow Statement Cash Flow from Operating Activities Profit before Tax (64.2) (23.8) (56.16) (109.18) (67.37) Adjustment for Non-Operating Items 39.4 32.2 56.6 72.6 33.7 Operating Profit before Working Capital Changes (24.9) 8.4 0.4 (36.6) (33.7) Changes in Work
Slide 22: Balance Sheet Strength
Balance Sheet Strength SHALIMAR PAINTS Borrowings & Cash Balance Debt to Equity Net Debt to Equity Borrowings [Ml Cash & Cash Equivalents 1.3 11 175 170 145 143 121 131 91 0.6 — o4 0.5 0.5 0.4 04 0.2 _ ° as8 Ln Mar-18 Mar-19 Mar-20 Mar-21 Mar-22 Mar-18 Mar-19 Mar-20 Mar-21 | Mar-22 -0.1 Mar-18 Mar-1
Slide 23: Brand Campaigning Initiatives
Brand Campaigning Initiatives SHPANTS Shalimar has carried out various marketing campaigns from time to time to capture greater mind share of customers and generate pull effect for the brand Lead . 4 YY PAINTS SHALIMAR HAR RANG \. KHOOBSURATPHOTOGRAPHY CONTEST Do you have a story to tell? Show us th
Slide 24: CSR Initiatives
SHALIMAR CSR Initiatives PAINTS wn oe SHALIMAR PAINTS a PT Nelle ans Click here to wattli video More than 8000sq.ft. painted Support from 15 National & Launched Kahaani Project 4 International organisations * Campaign aimed at beautifying and uplifting the village of Tauli Bhud Artists from 7 differ
Slide 25: CSR Initiatives: Rang Badlaav Ke
SHALIMAR CSR Initiatives PAINTS RANG BADLAAYV KE 3000+ homes painted 1000+ graffiti’s 2000+ volunteers from 80+ colleges 30+ corporates and citizens from 20+ countries countless smiles and endless memories... 24
Slide 26: Thank You
Thank You Company : Investor Relations Advisors: @ orient capital Shalimar Paints Limited Orient Capital (a division of Link Group) CIN: L24222HR1902PLC065611 Mr. Rajesh Agrawal +91 9967491495 Mr. Mohit Kumar Donter - Chief Financial Officer rajesh.agrawal@linkintime.co.in Ms. Rasika Sawant: mohit.d