Shaily Engineering Plastics Limited · NSE:SHAILY

Shaily Engineering Plastics — 9M FY19 Earnings Presentation

25 slides from Shaily Engineering Plastics's earnings presentation, Feb 14, 2019

  1. Slide 1: 9M FY19 Investor Presentation

    9M FY19 Investor Presentation Thursday, 14th February 2019

  2. Slide 2: Overview

    A SHAILY © Overview

  3. 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

  4. Slide 4: Shaily at a Glance

    Shaily at a Glance 5 REVENUE 100+ Injection Facilities in 5 Years CAGR Moulding Gujarat 21% Machines EBITDA PAT 1,100+ 5 Years 5 Years CAGR Employees CAGR 22% 38% 4

  5. 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

  6. Slide 6: Our Performance

    Our Performance

  7. Slide 7: Leveraging Existing Customer Relationship & adding New customers

    Leveraging Existing Customer Relationship & adding New customers Home Furnishings Major: ▪ New Business confirmation for Manufacture & Supply of products under a Carbon Steel Project Q1FY19 ▪ Estimated Sales value of the order is Rs. 100 Crs ▪ Start with 6 new products which will increase in Future

  8. 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

  9. Slide 9: Operating Performance in 9MFY19

    Operating Performance in 9MFY19 Revenue EBITDA 261 Crores 15.1% YoY 43 Crores 4.2% YoY EBITDA Margin PBT 16.3% 25 Crores 1.3% YoY PAT NET Debt: Equity 16 Crores 5.4% YoY 0.73 x 9 Figures are rounded off

  10. Slide 10: Key Highlights – 9MFY19

    Key Highlights – 9MFY19 (Rs. Cr.) Revenue^ EBITDA EBITDA Margin % 261.0 40.9 42.6 18.0 16.3 226.8 9MFY18 9MFY19 9MFY18 9MFY19 9MFY18 9MFY19 (Rs. Cr.) PBT PAT Cash PAT # 24.3 24.7 16.7 15.8 28.2 26.7 # Cash PAT includes PAT & Depreciation ^ Excise Duty expenses have been excluded for comparison purpo

  11. Slide 11: Key Highlights – Q3FY19

    Key Highlights – Q3FY19 (Rs. Cr.) Revenue^ EBITDA EBITDA Margin % 85.6 13.8 13.1 17.5 78.6 15.3 Q3FY18 Q3FY19 Q3FY18 Q3FY19 Q3FY18 Q3FY19 (Rs. Cr.) PBT PAT Cash PAT # 7.4 5.9 10.2 6.4 8.1 4.3 # Cash PAT includes PAT & Depreciation ^ Excise Duty expenses have been excluded for comparison purposes Q3F

  12. Slide 12: Machine Utilization – Across Plants

    Machine Utilization – Across Plants Machine Utilization (%) Revenue (Rs. In Crs) +15% 75 261 71 227 …Focusing on higher value add 9MFY18 9MFY19 9MFY18 9MFY19 products 12

  13. Slide 13: Volume of Polymers Processed

    Volume of Polymers Processed Volume in Tons +7% 3,647 10,296 9,663 3,318 …Increase in basket Q3FY18 Q3FY19 9MFY18 9MFY19 of product offering and quantity 13

  14. Slide 14: 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 Q1FY17 Q2FY17 Q3FY17 Q4FY17 Q1FY18 Q2FY18 Q3FY18 Q4FY18 Q1FY19 Q2FY19 Q3FY19 Volumes of Polymers Processed (MT) 3,647 3,547 3,431 3,374 3,376 3,318 2,771 2,642 2,531 2,320 2,432 Q1FY17 Q2FY17 Q3FY17 Q4F

  15. Slide 15: Revenue Analysis - Domestic Vs. Exports

    Revenue Analysis - Domestic Vs. Exports 9MFY18 9MFY19 Sales Sales 29% 34% 66% 71% Foreign Domestic Foreign Domestic 15

  16. Slide 16: Income Statement

    Income Statement Particulars in Rs. Crs Q3FY19 Q3FY18 YoY % 9MFY19 9MFY18 YoY % Revenue 85.6 78.6 8.9% 261.0 226.8 15.1% Raw Material 52.5 48.8 162.4 141.1 Employee Expenses 9.5 8.3 28.5 23.2 Other Expenses* 10.7 8.3 28.9 23.3 Other Income 0.2 0.6 1.3 1.7 EBITDA 13.1 13.8 -4.6% 42.6 40.9 4.2% EBITDA

  17. Slide 17: Balance Sheet

    Balance Sheet Particulars in Rs. Crs Sept 18 Mar 18 Particulars in Rs. Crs Sept 18 Mar 18 Assets Equity & Liabilities Non current Assets 154.1 125.9 Equity 128.3 124.3 Fixed Assets Share Capital 8.3 8.3 Property Plant & Equipment 125.6 106.4 Other Equity 120.0 115.9 Capital WIP 7.6 5.8 Non Current L

  18. Slide 18: Delivering Profitable Growth

    Delivering PROFITABLE GROWTH Revenue (Rs. In Crs) EBITDA (Rs. In Crs) +21% 318 +26% 55 226 246 44 42 180 151 28 123 25 18 FY13 FY14 FY15 FY16 FY17* FY18* FY13 FY14 FY15 FY16 FY17* FY18* PAT (Rs. In Crs) Cash PAT (Rs. In Crs) +46% 24 +33% 38 26 29 16 16 13 19 * As per IndAS 9 13 7 4 Note: Financials

  19. Slide 19: Improving Margin Profile

    Improving MARGIN Profile 18.5% 17.9% 16.4% 17.4% 15.6% 14.3% 9.5% 9.4% 10.8% 8.3% 6.8% 7.5% 7.2% 6.5% 4.2% 6.9% 4.4% 3.0% FY13 FY14 FY15 FY16 FY17 FY18 EBITDA% PBT% PAT% Note: Financials are excluding Excise Duty 19

  20. Slide 20: 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

  21. Slide 21: 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.

  22. Slide 22: Disciplined use of Capital

    DISCIPLINED use of Capital ROCE (%) ROE (%) 20% 19% 19% 18% 17% 17% 17% 16% 15% 15% 13% 10% FY13 FY14 FY15 FY16 FY17 FY18* FY13 FY14 FY15 FY16 FY17 FY18* * As per IndAS 22

  23. Slide 23: Increasing Dividend Payout

    Increasing DIVIDEND PAYOUT Dividend Payout (%) 31.5% 31.5% 25.9% 15.3% FY15 FY16 FY17 FY18 Particulars (Rs.) FY15 FY16 FY17 FY18 Book Value per Share 94.3 108.2 127.2 149.4 Earning Per Share 15.6 18.6 19.1 28.7 Dividend Per share 2.0 4.0 5.0 7.5 Dividend Payout including DDT 15.3% 25.9% 31.5% 31.5%

  24. Slide 24: 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

  25. Slide 25: Thank you

    Thank you

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