Shaily Engineering Plastics Limited · NSE:SHAILY
Shaily Engineering Plastics — FY2019 Earnings Presentation
26 slides from Shaily Engineering Plastics's earnings presentation, May 18, 2019
Slide 1: FY19 Investor Presentation
FY19 Investor Presentation Saturday, 18th May 2019
Slide 2: Overview
A SHAILY © Overview
Slide 3: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Shaily Engineering Plastics Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe f
Slide 4: Shaily at a Glance
Shaily at a Glance 5 REVENUE 100+ Injection Facilities in 5 Years CAGR Moulding Gujarat 17% Machines EBITDA PAT 1,100+ 5 Years 5 Years CAGR Employees CAGR 18% 10% 4
Slide 5: Project Management
Project Management Management Development • Key account • Conceptualization • Supply chain • Program management Development • Continuous improvement Quality & Risk Management Validation Manufacturing Assessment • Precision injection molding Validation • Cleanroom manufacturing • Pilot testing • Inno
Slide 6: Our Performance
Our Performance
Slide 7: Leveraging Existing Customer Relationship & adding New customers
Leveraging Existing Customer Relationship & adding New customers Business Confirmations: Home Furnishings Major: ▪ Confirmation for 2 new Pens received from ▪ New Business confirmation for Manufacture & Supply of products under a Carbon Steel Project large domestic pharma company Q1FY19 ▪ Estimated
Slide 8: Expansion Plans
Expansion Plans Acquisition of Land & Arranging of Long Term Debt Financing Acquisition of Land ▪ Purchased land admeasuring 17 acres at Halol for future expansion requirements ▪ Land Transferred process complete ▪ Construction of Plant to commence in Q4FY19 Long Term Debt Financing ▪ Arranged for R
Slide 9: Strengthening of Board
Strengthening of Board New Appointments & Resignation ▪ Mr. Ranjit Singh appointed as Independent Director Mr. Singh is an IIM Graduate with over 30 years of experience. Mr. Mahendra He was the Former MD of Kalpataru Power Transmission, Global Mr. Amit Sanghvi Mr. Laxman Sanghvi Sanghvi COO & Board
Slide 10: Shaily Employee Stock Option Plan 2019
Shaily Employee Stock Option Plan 2019 Offered to Senior & Middle Management team Offered To Retain talent & creating employees as long term partners in the company’s Rationale ESOP Quantum 131,570 shares offered at a discount to market price growth story Vesting Vesting period 4 years 10 Figures ar
Slide 11: Operating Performance in FY19
Operating Performance in FY19 Revenue EBITDA FY19 Performance impacted by: 338 Crores 54 Crores ▪ Labour shortage & Power supply disruptions led to lower utilization levels EBITDA Margin PBT ▪ Our Largest customer changed its Inventory Management Policy impacting 16.1% 30 Crores demand offtake from
Slide 12: Key Highlights – FY19
Key Highlights – FY19 (Rs. Cr.) Revenue^ EBITDA EBITDA Margin % 338.3 55.4 54.4 17.4 318.2 16.1 FY18 FY19 FY18 FY19 FY18 FY19 (Rs. Cr.) PBT PAT Cash PAT # 34.2 23.9 38.4 30.0 34.2 19.3 # Cash PAT includes PAT & Depreciation ^ Excise Duty expenses have been excluded for comparison purposes FY18 FY19
Slide 13: Key Highlights – Q4FY19
Key Highlights – Q4FY19 (Rs. Cr.) Revenue^ EBITDA EBITDA Margin % 91.4 14.6 16.0 15.3 77.4 11.8 Q4FY18 Q4FY19 Q4FY18 Q4FY19 Q4FY18 Q4FY19 (Rs. Cr.) PBT PAT Cash PAT # 9.9 7.2 10.2 7.5 # Cash PAT includes PAT & 5.3 3.5 Depreciation ^ Excise Duty expenses have been excluded for comparison purposes Q4F
Slide 14: Machine Utilization – Across Plants
Machine Utilization – Across Plants Machine Utilization (%) Revenue (Rs. In Crs) +6% 74 338 68 318 …Focusing on higher value add FY18 FY19 FY18 FY19 products 14
Slide 15: Volume of Polymers Processed
Volume of Polymers Processed Volume in Tons +2% 3,376 13,039 13,258 2,961 …Increase in basket Q4FY18 Q4FY19 FY18 FY19 of product offering and quantity 15
Slide 16: Operational Trends
Operational Trends Machine Utilization (%) 82.1 71.4 73.8 69.7 71.9 72.4 71.2 66.3 67.0 68.8 62.7 61.5 Q1FY17 Q2FY17 Q3FY17 Q4FY17 Q1FY18 Q2FY18 Q3FY18 Q4FY18 Q1FY19 Q2FY19 Q3FY19 Q4FY19 Volumes of Polymers Processed (MT) 3,647 3,547 3,431 3,374 3,376 3,318 2,771 2,961 2,531 2,432 2,642 2,320 Q1FY17
Slide 17: Revenue Analysis - Domestic Vs. Exports
Revenue Analysis - Domestic Vs. Exports FY18 FY19 Sales Sales 28% 26% 72% 75% Foreign Domestic Foreign Domestic 17
Slide 18: Income Statement
Income Statement Particulars in Rs. Crs Q4FY19 Q4FY18 YoY % FY19 FY18 YoY % Revenue 77.4 91.4 -15.4% 338.3 318.2 6.3% Raw Material 47.3 57.6 209.7 198.8 Employee Expenses 5.9 7.6 24.7 30.7 Other Expenses* 12.8 12.2 51.4 35.6 Other Income 0.4 0.6 1.8 2.3 EBITDA 11.8 14.6 -18.9% 54.4 55.4 -1.8% EBITDA
Slide 19: Balance Sheet
Balance Sheet Particulars in Rs. Crs Mar 19 Mar 18 Particulars in Rs. Crs Mar 19 Mar 18 Assets Equity & Liabilities Non current Assets 175.3 125.9 Equity 136.1 124.3 Fixed Assets 8.3 8.3 Share Capital Property Plant & Equipment 144.0 106.4 Other Equity 127.8 115.9 Capital WIP 2.7 5.8 Non Current Lia
Slide 20: Delivering PROFITABLE GROWTH
Delivering PROFITABLE GROWTH Revenue (Rs. In Crs) EBITDA (Rs. In Crs) +17% +18% 318 338 55 54 246 42 44 226 180 28 FY15 FY16 FY17* FY18* FY19* FY15 FY16 FY17* FY18* FY19* PAT (Rs. In Crs) Cash PAT (Rs. In Crs) +10% +16% 24 38 34 19 29 16 16 26 13 19 FY15 FY16 FY17* FY18* FY19* FY15 FY16 FY17* FY18*
Slide 21: MARGIN Profile
MARGIN Profile 18.5% 17.4% 17.9% 16.1% 15.6% 10.8% 9.5% 9.4% 8.9% 8.3% 7.2% 6.9% 7.5% 6.5% 5.7% FY15 FY16 FY17 FY18 FY19 EBITDA% PBT% PAT% Note: Financials are excluding Excise Duty 21
Slide 22: Historical Income Statement as per I-GAAP
Historical Income Statement as per I-GAAP Particulars in Rs. Crs. FY17 FY16 FY15 FY14 FY13 Total Revenue# 252.6 231.2 185.4 155.1 125.7 Raw Material 151.1 137.3 113.4 86.6 69.0 Employee Expenses 26.6 23.4 19.5 16.0 13.1 Excise Duty 6.2 5.6 5.7 4.3 2.9 Other Expenses 27.5 25.9 20.3 24.0 23.7 Other In
Slide 23: Historical Balance Sheet as per I-GAAP
Historical Balance Sheet as per I-GAAP Rs. Crs. FY17 FY16 FY15 FY14 FY13 Rs. Crs. FY17 FY16 FY15 FY14 FY13 Shareholder’s Fund 105.6 89.8 78.3 42.6 36.0 Non-current assets 107.3 102.5 87.0 58.0 50 Share capital 8.3 8.3 8.3 7.3 7.3 Fixed assets 97.7 97.7 77.6 49.8 45.2 Reserves & Surplus 97.3 81.4 70.
Slide 24: DISCIPLINED use of Capital
DISCIPLINED use of Capital ROCE (%) ROE (%) 20 19 19 18 17 17 16 15 15 13 FY15 FY16 FY17* FY18* FY19* FY15 FY16 FY17* FY18* FY19* * As per IndAS 24
Slide 25: Contact
Contact Company Investor Relations Advisors Company : Investor Relations Advisors : Shaily Engineering Plastics Ltd. Strategic Growth Advisors Pvt. Ltd. CIN – L51900GJ1980PLC065554 CIN - U74140MH2010PTC204285 Mr. Sanjay Shah, Chief Strategy Officer Mr. Shogun Jain/Mr. Pratik R. Shah sanjay@shaily.co
Slide 26: Thank you
Thank you
Shaily Engineering Plastics — FY2019 Earnings Presentation on 6ix