Hpl Electric & Power Limited · NSE:HPL
Hpl Electric & Power — Q3 FY24 Earnings Presentation
34 slides from Hpl Electric & Power's earnings presentation, Feb 14, 2024
Slide 1: Regulation 30 disclosure cover letter to exchanges
14th February, 2024 The Manager, BSE Limited Listing Department, 25th Floor, New Trading Ring, Rotunda National Stock Exchange of India Ltd. Building, PhirozeJeejeebhoy Towers, “Exchange Plaza”, C-1, Block G, Dalal Street, Fort, Bandra-Kurla Complex, Bandra (E), Mumbai – 400 001 Mumbai – 400 051 Sym
Slide 2: Results Update Q3FY24 & 9MFY24
www.hplindia.c o m HPL ELECTRIC & POWER LIMITED Results Update Q3FY24 & 9MFY24 www.h p lin d ia.co m Slide | 1
Slide 3: Disclaimer
Disclaimer This presentation and the following discussion may contain “forward looking statements” by HPL Electric & Power Limited (“HPL” or the Company) that are not historical in nature. These forward looking statements, which may include statements relating to future results of operations, financ
Slide 4: Discussion
Discussion Summary 01 Company Overview 02 Q3FY24 & 9MFY24- Performance Update * 03 Business Strategy * www.hplindia.c o m Slide | 3
Slide 5: Company Overview
Slide | 4 www.hplindia.c o m 01 Company Overview
Slide 6: Trusted Electric Equipment Manufacturer
01 Trusted Electric Equipment Manufacturer www.hplindia.c o m Company Overview § ‘One-stop shop’ offering wide range of low-voltage electric products - v Metering Solutions (conventional and smart meters) Profile v Switchgears v Lighting Products § v Wires & Cables Innovative, quality and technologi
Slide 7: Wide-Ranging Product Portfolio
www.hplindia.c o m Company Overview Wide-Ranging Product Portfolio Metering Solutions Industrial Switchgears Domestic Switchgears Lighting Equipment Wires and Cables Domestic Smart Meter Industrial Applications Applications Consumer LED Products ACB MCCB Osafe Techno Fire Resistant MCB (N) MCB Aries
Slide 8: State of Art Manufacturing Facilities
www.hplindia.c o m Company Overview State of Art Manufacturing Facilities Product Segments Capacity (per annum) Electronic Meters 11 million units Lighting Equipment 26 million units Gurugram Jabli Switchgear 16 million units Facility I: Electronic Meters, R&D Center Facility I: Switchgear, Electron
Slide 9: Strong R&D Thrust - Consistent Technology Upgradation
www.hplindia.c o m Company Overview Strong R&D Thrust - Consistent Technology Upgradation Continuous R&D to Launch and Market Exciting New Innovative Products Switchgear • 2 R&D facilities in Gurugram & Kundli with DC Changeover AC DC Changeover Protection Switch VCS more than 100 engineers • 1 Test
Slide 10: Established Pan-India Distribution Network & Brand Presence
www.hplindia.c o m Company Overview Established Pan-India Distribution Network & Brand Presence Established Pan-India Distribution Network & Brand Presence To Capture Significant Growth Potential In Electrical Equipment Industry 90+ Branch & Representative Offices Head Office Srinagar Branch Office
Slide 11: Extensive Experience, Established Relationships, Strong Credentials
www.hplindia.c o m Company Overview Extensive Experience, Established Relationships, Strong Credentials Strong execution, established relationships and strong pre-qualification credentials make HPL a preferred supplier of specialised electrical equipment Extensive Experience Established Relationship
Slide 12: Performance Update
02 Q3FY24 & 9MFY24 www.hplindia.c o m Performance Update Slide | 11
Slide 13: Salient Highlights
Performance Update www.hplindia.c o m Q3FY24 & 9MFY24 Salient Highlights • The Company registered revenue growth with an increase by 21.22% YoY in Q3FY24 and 15.27% YoY in 9MFY24. • Metering & Systems segment revenue growth of 28% YoY in Q3FY24 and 25% YoY in 9M FY24. • Consumer & Industrial segment
Slide 14: YoY Performance Analysis
Performance Update www.hplindia.c o m Q3FY24 & 9MFY24: YoY Performance Analysis Net Revenues & Gross Margin (%) EBITDA & EBITDA Margin % PAT & PAT Margin (%) Q3 FY24 (in ₹ crore) 33.8% 35.1% EBITDA Margin Gross Margin Net Revenue 12.2% 13.6% PAT Margin 2.12% 3.27% 366 EBITDA 302 50 12.0 PAT 37 6.4 Q
Slide 15: Q3FY24 YoY Segment Analysis
www.hplindia.c o m Performance Update Q3FY24 : YoY Segment Analysis (in ₹ crore) Segment Net Revenue & EBIT Margin 366 302 150 133 % EBIT Margin Q3 FY23 Q3 FY24 216 169 n Metering & Systems 13.92% 15.15% n Consumer & Industrial 11.55% 11.62% Q3 FY23 Q3 FY24 Segment Revenue Share % 41% n Metering & S
Slide 16: 9MFY24 YoY Segment Analysis
www.hplindia.c o m Performance Update 9MFY24 : YoY Segment Analysis (in ₹ crore) Segment Net Revenue & EBIT Margin 1037 899 440 421 % EBIT Margin 9M FY23 9M FY24 597 13.43% 14.85% 478 n Metering & Systems n Consumer & Industrial 11.79% 11.58% 9M FY23 9M FY24 Segment Revenue Share % 42% n Metering &
Slide 17: Company Performance Analysis
Performance Update www.hplindia.c o m Q3FY24 & 9MFY24: Company Performance Analysis • The Company registered a robust performance YoY with revenue growth of 21.22% in Q3 FY24 to ₹ 366 crore as compared to ₹ 302 crore in Q3 FY23. • The Company has delivered revenue growth of 15.27% YoY in 9M FY24 at
Slide 18: Update & Business Outlook
Q3FY24 & 9MFY24 Performance Update www.hplindia.c o m Update & Business Outlook • The company is holding a strong and stable order book and executing the current order on a • Smart Meters are the next game changer in the growth- fast-track mode to maintain a healthy execution of the current pipeline
Slide 19: Expanding its Global Footprint
www.hplindia.c o m Performance Update Expanding its Global Footprint HPL exports has shown a growth in orders by 11% in 9MFY24. HPL’s pending order book gives a good near-term sales visibility in the coming quarters. Turkey Lebanon United Kingdom Jordon Syria Iraq Germany Kuwait • HPL is present in
Slide 20: Consolidated Profit & Loss Statement
www.hplindia.c o m Performance Update Q3FY24 & 9MFY24 Consolidated Profit & Loss Statement Particulars (In ₹ Crore) Q3 FY24 Q3 FY23 YoY% 9M FY24 9M FY23 YoY% Revenue from Operations 365.57 301.59 21.22% 1,036.77 899.46 15.27% COGS 237.24 199.56 18.88% 682.05 596.17 14.40% Gross Profit 128.33 102.02
Slide 21: Marketing Campaigns - Amplified Brand Presence Through Social Media
Q3FY24 & 9MFY24 Performance Update “Garnered Reach of Over 20 Million” www.hplindia.c o m Marketing Campaigns – Amplified our Brand Presence Through Social Media Handles Amplifying Our “Social Media” Presence - Conducted as well as Sponsored various Industrial Webinars and Virtual Exhibitions Slide
Slide 22: Events & Exhibitions
Q3FY24 & 9MFY24 Performance Update www.hplindia.c o m Events & Exhibitions Participated in REI'23 - Expo Centre, Greater Wires & Cable Expo'23 – Pragati Maidan, Noida (4th Oct. - 6th October '23) New Delhi (6th Oct. - 8th Oct.'23) Slide | 21
Slide 23: Events & Exhibitions
Q3FY24 & 9MFY24 Performance Update www.hplindia.c o m Events & Exhibitions Participated in “Power Bangladesh”- Bangladesh (7th-9th Dec, 2023) Slide | 22
Slide 24: Electrician/Retailer Meets
Q3FY24 & 9MFY24 Performance Update www.hplindia.c o m Electrician/Retailer Meets 01 02 03 Electrician Meet, Kerala 04 Electrician Meet, Nagpur 05 Electrician Meet, Chennai Slide | 23 Electrician Meet, Telangana Electrician Meet, Mumbai
Slide 25: Electrician/Retailer Meets & Channel Connects
Q3FY24 & 9MFY24 Performance Update www.hplindia.c o m Electrician/Retailer Meets & Channel Connects Stall at Annual Conference of Kerala Wiremen Stall at central India’s biggest Vidut expo, Association, Kottayam District organised by The Electric contractor association, Nagpur Slide | 24
Slide 26: Electrician/Retailer Meets & Channel Connects
Q3FY24 & 9MFY24 Performance Update www.hplindia.c o m Electrician/Retailer Meets & Channel Connects Organised PWD contractor meeting at Organised Technical Seminar for Surat Amravati Municipal Cooperation (SMC) Slide | 25
Slide 27: Spreading the Brand Presence
Q3FY24 & 9MFY24 Performance Update www.hplindia.c o m Spreading the Brand Presence Official Partner with Haryana Steelers for Pro Kabaddi League Season 7 Slide | 26
Slide 28: Business Strategy
Slide | 27 www.hplindia.c o m 03 Business Strategy
Slide 29: Future Business Strategy for Value Creation
www.hplindia.c o m Business Strategy Future Business Strategy for Value Creation • Commands a ‘market share of ~20%’ in the domestic meters market with an ‘installed Leading Electric Meter Manufacturer capacity of 1.1 crore meters per year’ Fully Geared To Meet • Well Positioned to Capitalize on the
Slide 30: Smart Meters - Gamechanging Initiative With Enormous Potential
www.hplindia.c o m Business Strategy Smart Meters – “Gamechanging Initative” With Enormous Potential • What is the opportunity size? Smart Meter Suppliers v Meters with embedded software to enable automation and communication v Ministry of Power plans to install 25 to 30 crore smart meters across In
Slide 31: Smart Meters - An Industry Leader with Cutting-edge Innovation
Business Strategy www.hplindia.c o m Smart Meters – “An Industry leader with Cutting-edge innovation” Capacity Expansion in Metering plant, Gurgaon • What sets HPL’s smart meters apart? v HPL’s meters have embedded software to enable automation, data collection, and customization equipped with Wirep
Slide 32: The Transformative Potential of 5G
www.hplindia.c o m Fuelling Innovation Across Industries: The “Transformative Potential” of 5G HPL’s Competitive Edge Extensive • Leadership in smart metering and power ü Expertise & solutions, HPL Electric & Power Ltd. bringing Product Portfolio a wealth of experience to the 5G market Government Su
Slide 33: Focus on Driving Healthy Growth in the Consumer Business
www.hplindia.c o m Business Strategy Focus on Driving Healthy Growth in The ‘Consumer’ Business • ‘Consumer’ segment includes Non-utility Metering, Switchgear, Lighting, and Wires & Cables. • HPL is looking to drive healthy growth in this business by using a 3-pronged approach 1. Enhancing distribut
Slide 34: Thank You
Thank You www. hp l ind ia. co m Mr. Gautam Seth Joint Managing Director & CFO Email: gautamseth@hplindia.com v Ms. Shankhini Saha Email: hpl@dickensonworld.com