Everest Industries Limited · NSE:EVERESTIND
Everest Industries — Q3 FY19 Earnings Presentation
28 slides from Everest Industries's earnings presentation, Jan 29, 2019
Slide 1: Cover letter to stock exchanges: presentation to analysts
Eifféiflifffiii’zéiézmg EVEREST 1. National Stock Exchange of India Limited 2. BSE Limited Exchange Plaza Phiroze J eej eebhoy Towers Plot No. C/l, G Block Dalal Street, Mumbai 400 001. — Bandra — Kurla Complex Tel: 2272 1233/8058 Extn- 8013 Bandra (E), Mumbai — 400 051 Fax No. 2272 2037/2039/ 2041/
Slide 2: Everest Industries Limited 9M / Q3-FY19 Earnings Presentation
EVEREST INDUSTRIES LIMITED 9M / Q3–FY19 EARNINGS PRESENTATION 1
Slide 3: Executive Summary
Executive Summary Company Overview: Everest Industries Limited, incorporated in 1934, has a rich history in the manufacturing of Building products and Steel products. Everest offers a complete range of roofing, ceiling, wall, flooring, and cladding products distributed through a large network, as we
Slide 4: Company Overview
Company Overview • Everest Industries Limited (Everest) has over 8 decades Revenue (INR Mn) and EBITDA Margin (%)* of experience in building products and is the pioneer of fibre cement products in India. • The company’s business is built on three key pillars: Safety, Speed, and Strength. • The visio
Slide 5: Key Financial Highlights – Standalone Historical (INR Mn)
Key Financial Highlights – Standalone Historical (INR Mn) Current Quarter Previous Quarter Current Quarter Last Current Year Last Year Year Particulars Q3-FY19 Q2-FY19 Q3-FY18 9M-FY19 9M-FY18 Total Income* 3,092 3,140 2,935 10,415 9,343 EBITDA 233 195 212 871 695 EBITDA Margin 7.54% 6.21% 7.22% 8.36
Slide 6: Q3-FY19 – Standalone Income Statement (INR Mn)
Q3-FY19 – Standalone Income Statement (INR Mn) Particulars Q3-FY19 Q3-FY18 Y-o-Y Q2-FY19 Q-o-Q Total Income* 3,092 2,935 5.3% 3,140 (1.5)% Total Expenses 2,859 2,723 5.0% 2,945 (2.9)% EBITDA 233 212 9.9% 195 19.5% EBITDA Margin 7.54% 7.22% 32 Bps 6.21% 133 Bps Depreciation 55 61 (9.8)% 56 (1.8)% Fin
Slide 7: 9M-FY19 – Standalone Income Statement (INR Mn)
9M-FY19 – Standalone Income Statement (INR Mn) Particulars 9M-FY19 9M-FY18 Y-o-Y Total Income* 10,415 9,343 11.5% Total Expenses 9,544 8,648 10.4% EBITDA 871 695 25.3% EBITDA Margin 8.36% 7.44% 92 Bps Depreciation 169 177 (4.5)% Finance Cost 61 97 (37.1)% Exceptional items - 17 NA PBT 641 404 58.7%
Slide 8: H1-FY19 Balance Sheet – Standalone (INR Mn)
H1-FY19 Balance Sheet – Standalone (INR Mn) EQUITIES & LIABILITIES H1-FY18 H1-FY19 ASSETS H1-FY18 H1-FY19 Shareholder Funds Non Current Assets Share Capital 155 156 Property, Plant and Equipment 3,364 3,408 Other Equity 3,464 4,094 Intangible Assets 5 17 Total -Shareholder Funds 3,619 4,250 Capital
Slide 9: Key Business highlights
Key Business highlights • Revenue for the Quarter increased from 291 cr. to 307 cr. and Operating profit increased from 12.2 cr. to 15.4 cr. • Everest is working on adding more value added products to improve its margins and with a focus on brand development through deeply penetrated marketing activ
Slide 10: 9M / Q3-FY19 Operational Highlights – Building Products
9M / Q3-FY19 Operational Highlights – Building Products 9
Slide 11: Building Products Performance - Standalone
Building Products Performance - Standalone Sales (`000 MT) Revenue (INR Mn) PBIT (INR Mn) Sales (`000 MT) Revenue (INR Mn) PBIT (INR Mn) Q1 Q2 Q3 Q4 1200 Q1 Q2 Q3 Q4 800 1000 271 224 600 191 800 174 169 600 259 225 400 127 161 232 153 154 400 122 129 20 526 200 200 338 351 226 226 264 0 -41 0 -200 F
Slide 12: Key Operational Highlights – Building Products Segment
Key Operational Highlights – Building Products Segment • Revenue up by 6% vis a vis Q3-FY18. • Market share up 1% vs. same quarter last year. • Everest Super has resulted in higher sales. This waterproof and colorful product is a cost effective alternative to metal roofing sheets. • Focused marketin
Slide 13: Way Forward – Building Products Segment
Way Forward – Building Products Segment • India is the 2nd fastest growing major economy in the world and in spite of global economic scenario, the building construction and infrastructure industry in india continues to grow. • The demand in the building materials industry is likely to be boosted by
Slide 14: Building Products – Roofing and Fibre Cement Boards
Building Products – Roofing and Fibre Cement Boards Everest Roofing Products Everest Super Everest Super Everest Super Poultry Farm - Puri, Odisha B.S. Farms, Village Bhojraj, Haryana BRS Alloys, Hisar Fibre Cement Boards and Panels Rapicon and CWP Cladding Fibre Cement Boards The Sunset Resort, Nor
Slide 15: 9M / Q3-FY19 Operational Highlights – Steel Buildings
9M / Q3-FY19 Operational Highlights – Steel Buildings 14
Slide 16: Steel Building Performance - Standalone
Steel Building Performance - Standalone Sales (`000 MT) Revenue (INR Mn) PBIT (INR Mn) Sales (`000 MT) Revenue (INR Mn) PBIT (INR Mn) Q1 Q2 Q3 Q4 5,000 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 80 100 4,000 1,262 23 60 1,292 50 37 16 3,000 1,131 3 59 16 37 25 40 1,097 7 15 13 1,082 0 6 -4 14 2,000 1,361 -41 20 14 16
Slide 17: Key Operational Highlights – Steel buildings
Key Operational Highlights – Steel buildings • Committed to timely hand over of projects to customers with Industry benchmark quality. • Strong order book of over 27,000 MT in pipeline and build turnkey projects which provides strong revenue visibility for 1-2 years; executable over 15 months. • Imp
Slide 18: Way forward – Steel Buildings Segment
New Points Way forward –Steel Buildings Segment • As the country progress from developing to developed economy there is growing need of speedier and safer construction which is the buzzword today in India's booming Construction & infrastructure industry. • Everest is likely to benefit by increase in
Slide 19: Steel Buildings – Major projects handed over in Q3-FY19
Steel Buildings – Major projects handed over in Q3-FY19 Humboldt Wedag India Pvt ltd – Faridabad, Acrysil Limited - Bhavnagar, Gujrat Vijay Technocrafts Pvt Ltd - Shimoga, Haryana Karnatka UPA Ltd – Solar installation, UP. NSC Projects PVT LTD - Halwara, MASCOR PRECISIONS PVT LTD -Aurangabad, Punjab
Slide 20: Historical Financial Statements
Historical Financial Statements 19
Slide 21: Income Statement – Standalone (INR Mn)
Income Statement – Standalone (INR Mn) Particulars FY15 FY16 FY17# FY18# Total Income* 12,410 13,263 12,372 12,786 Total Expenses 11,486 12,266 11,856 11,797 EBITDA 924 997 516 989 EBITDA Margin 7.45% 7.52% 4.17% 7.74% Depreciation 254 256 255 236 Finance Cost 187 228 208 126 Exceptional Items - - -
Slide 22: Balance Sheet – Standalone (INR Mn) IND-AS
Balance Sheet – Standalone (INR Mn) IND-AS EQUITIES & LIABILITIES FY17 FY18 ASSETS FY17 FY18 Shareholder Funds Non Current Assets Share Capital 154 156 Property, Plant and Equipment 3,436 3,385 Other Equity 3,249 3,814 Intangible Assets 8 21 Total -Shareholder Funds 3,403 3,970 Capital Work In Progr
Slide 23: Income Statement – Consolidated (INR Mn)
Income Statement – Consolidated (INR Mn) Particulars FY15 FY16 FY17# FY18# Total Income* 12,417 13,263 12,498 13,069 Total Expenses 11,493 12,274 11,990 12,070 EBITDA 924 989 508 999 EBITDA Margin 7.44% 7.46% 4.06% 7.64% Depreciation 254 256 255 235 Interest 187 228 208 126 PBT 483 505 45 638 Tax 14
Slide 24: Balance Sheet – Consolidated (INR Mn) IND-AS
Balance Sheet – Consolidated (INR Mn) IND-AS Equity & Liabilities FY17 FY18 Assets FY17 FY18 Shareholder's Funds Assets Share Capital 154 156 Non-Current Assets Other Equity 3,233 3,824 Property, Plant and Equipment 3,438 3,385 Minority Interest 2 - Intangible Assets 8 21 Total Shareholder's Fund 3,
Slide 25: Financial Performance – Consolidated
Financial Performance – Consolidated Revenue (INR Mn) and EBITDA Margin (%) PAT (INR Mn) & PAT Margin (%) Net Debt to Equity Ratio ROE & RoCE Operating Cash Flow (INR Mn) Working Capital Days Note: FY17 and FY18 numbers As per IND-As 24
Slide 26: Capital Market Information
Capital Market Information SHARE PRICE PERFORMANCE (AS ON 31st DECEMBER 2018) 20% LARGEST INSTITUTIONAL INVESTORS (AS ON 31ST DECEMBER 2018) 10% 0% Vijay Kishanlal Kedia 6.08% -10% -20% -30% HDFC Small Cap Fund 2.63% -40% Everest BSE Sensex PRICE DATA (AS ON 31ST DECEMBER 2018) SHAREHOLDING PATTERN
Slide 27: Q3-FY19 Earnings Call Information
Q3- FY19 Earnings Call Information The earnings call to discuss financial and operational performance for 9M / Q3-FY19 with Mr. Manish Sanghi, Managing Director and Mr. Nikhil Dujari, CFO will be held on: Date: Tuesday, 29th January, 2019 Time: 11:00 AM Primary Dial-in Numbers: +91 22 6280 134
Slide 28: Disclaimer
Disclaimer Everest Industries Limited Disclaimer: No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Such information and opinions ar