Godrej Consumer Products Limited · NSE:GODREJCP
Godrej Consumer Products — Q3 FY2021 Earnings Presentation
34 slides from Godrej Consumer Products's earnings presentation, Feb 8, 2021
Slide 1: Q3FY2021 Investor and Analyst Performance Update
Q3FY2021 Investor and Analyst Performance Update 8 February, 2021
Slide 2: Key Highlights
KEY HIGHLIGHTS
Slide 3: Second consecutive quarter of double-digit profitable sales growth
Second consecutive quarter Consolidated Sales growth 10% (11% CC) India Sales growth 11% of double-digit profitable sales growth; 81% of Consolidated 13% EBITDA growth portfolio grows at 14% 81% of global portfolio comprises Second consecutive quarter of double digit growth; India 11%, 1 2 Household
Slide 4: 81% of global portfolio delivering 14% growth
1 81% of our global portfolio comprises Household Insecticides, Hygiene and Value For Money products, delivering 14% growth 81% contributing to 14% growth HOUSEHOLD HYGIENE VALUE FOR MONEY OTHERS INSECTICIDES Performance Q3FY2021 (INR) 5% 19% 22% - 3%
Slide 5: Second consecutive quarter of double-digit sales growth by geography
2 Second consecutive quarter of double-digit sales growth; India 11%, Africa, USA & Middle East 17% (CC), Latin America & SAARC 35% (CC); Indonesia declined 2% (CC) Latin America Africa, USA & Middle East Indonesia India Performance Q3FY2021 35%* (CC) 17% (CC) -2% (CC) 12%* (INR) 15% (INR) 0% (INR)
Slide 6: Household Insecticides delivers 7% growth in India; 5% globally
3 Household Insecticides delivers 7% growth in India; 5% globally • Consumers do not want to take any chances with their health; vigilance against mosquitos and protecting themselves against malaria and dengue has gone up • Full portfolios across formats and price points in India and Indonesia • Con
Slide 7: Strong growth momentum continues in Hygiene of 19%
4 Strong growth momentum continues in Hygiene (including Soaps) of 19% Saniter in Indonesia Protekt in India !7
Slide 8: Strong Value For Money products growth of 22%
5 Strong Value For Money products growth of 22% Darling Empress Godrej Expert Rich range in Nigeria Crème in India !8
Slide 9: Financial Performance Update
FINANCIAL PERFORMANCE UPDATE
Slide 10: Q3 FY2021: Financial Performance
Q3 FY2021: Financial Performance Consolidated India Growth (year-on-year) Business Business Net Sales (Reported) 10% 11% Net Sales (Constant Currency) 11% - EBITDA 13% 8% Net Profit (Reported) 13% (4%) Net Profit (Without exceptional and one-off items) 17% 4% !10
Slide 11: Q3 FY2021: Exceptional and One-off Items
Q3 FY2021: Exceptional and One-off Items Consolidated Business Q3 FY2021 Q3 FY2020 Net Profit (Reported) 502 445 Exceptional (Post tax) Restructuring cost in Latin America 2.9 4.6 Reversal of contingent consideration in USA (9.4) - Deferred Tax – Change in maximum marginal tax rate in India (0.03) (
Slide 12: Q3 FY2021: Second consecutive quarter of double-digit growth by geography
Q3 FY2021: Second consecutive quarter of double-digit growth in India, USA & Middle East; Indonesia delivers soft performance Constant Sales Growth Geography Currency Growth (₹ crore) (Year-on-Year) (Year-on-Year) India 1,658 11% - Indonesia 447 0% (2%) Africa, USA and Middle East 779 15% 17% Latin
Slide 13: Q3 FY2021: Driving profitable growth
Q3 FY2021: Driving profitable growth Africa, USA Latin America India Indonesia & Middle East & SAARC Q3FY21 Reported EBITDA Margin 28.5% 25.0% 13.6% 11.8% Business support charges, Royalty & (6.5) 1.5 3.7 1.3 Technical fees (₹ crore) Q3FY21 Operating EBITDA Margin 28.1% 25.3% 14.1% 12.5% Q3FY20 Oper
Slide 14: Q3 FY2021: Key Balance Sheet data
Q3 FY2021: Key Balance Sheet data Particulars Units Dec 31, 2020 Dec 31, 2019 Sep 30, 2020 Working Capital ex-Cash* ₹ crore 499 435 130 Working Capital* Days 17 16 5 Cash & Equivalents ₹ crore 972 1,535 913 Total Debt ₹ crore 1,997 3,526 2,036 Debt denominated in INR ₹ crore 100 422 125 Debt denomin
Slide 15: India Business Update
INDIA BUSINESS UPDATE
Slide 16: Second consecutive quarter of double-digit sales growth
Second consecutive quarter of double-digit sales growth Financial performance Operating performance • Sales growth of 11% • Strong growth led by Soaps and sharp • Doubling down on chemists and e-commerce; • EBITDA margins at 28.1%, decrease of recovery in Hair Colour ramping up rural distribution 80
Slide 17: Double-digit sales growth led by Soaps, Hair Colour
Double-digit sales growth led by Soaps, Hair Colour; steady performance in Household Insecticides Sales Growth (₹ crore) (Year-on-Year) Household Insecticides 662 7% Soaps 478 15% Hair Colours 177 14% Other Categories 325 10% Unbranded and Exports 94 12% Total 1,736 11% Sales and trade promotion spe
Slide 18: Steady performance in Household Insecticides
Steady performance in Household Insecticides • Sales growth of 7%; steady sales growth of 11% over the last 9 months • Strong growth in aerosols, electric formats and non-mosquito portfolio; soft performance in burning formats and personal repellents • Driving premiumisation and innovation-led growt
Slide 19: Strong performance in Soaps
Strong performance in Soaps • Second consecutive quarter of double-digit sales growth of 15% • Continue to gain market share • Continued focus on micro marketing initiatives to drive growth • New launches in Health are scaling up well !19
Slide 20: Sharp recovery in Hair Colours
Sharp recovery in Hair Colours • Sales growth of 14% driven by uptick in overall category growth • Continue to gain market share • Godrej Expert Rich Crème continues to perform well by leveraging Do-It-Yourself (DIY) trends through influencers • Godrej Expert Easy 5 Minute Shampoo Hair Colour perfor
Slide 21: Godrej Protekt scaled up into full Hygiene portfolio
Godrej Protekt scaled up into full Hygiene portfolio !21
Slide 22: Pivoting other categories for more relevance
Pivoting other categories for more relevance Travel Home Fabric Air Freshener Bathroom Air Freshener Liquid Detergent Bathroom and + Sanitiser + Hygiene and Protection + Fabric Sanitiser Floor Cleaners !22
Slide 23: Indonesia Business Update
INDONESIA BUSINESS UPDATE
Slide 24: Indonesia delivers soft performance with flat INR sales growth
Indonesia delivers soft performance with flat INR sales growth (2% constant currency decline) Financial performance • Performance impacted by adverse macroeconomic factors; gradual recovery in Air Fresheners (discretionary category) and higher competitive intensity in Wet Wipes • EBITDA margin at 25
Slide 25: Africa, USA & Middle East Business Update
AFRICA, USA & MIDDLE EAST BUSINESS UPDATE
Slide 26: Africa, USA & Middle East delivers profitable sales growth in the high teens
Africa, USA & Middle East delivers profitable sales growth in the high teens Financial performance • Second consecutive quarter of double-digit sales growth; 17% (constant currency) • EBITDA margin increased by 190 bps year-on- year driven by scale leverage and cost saving programme Country and Cate
Slide 27: Latin America & SAARC Business Update
LATIN AMERICA & SAARC BUSINESS UPDATE
Slide 28: Profitable and sustainable sales growth
Profitable and sustainable sales growth Financial performance • Sales grew by 35% (constant currency) • SAARC business continues to deliver healthy financial performance !28
Slide 29: Appendix
APPENDIX
Slide 30: Actively championing social responsibility
Actively championing social responsibility 23% of the promoter Creating a more inclusive Aligned with the UN’s Our efforts to mitigate holdings in the Godrej and greener world through Sustainable Development climate change have Group is held in trusts that Godrej Good & Green Goals, and the needs of
Slide 31: Shareholding Pattern
Shareholding Pattern First State Others 6.9% DII Temasek 3.1% Capital Group FII 26.7% Others Blackrock Promoters 63.2% Arisaig Partners Vanguard Abu Dhabi Investment Genesis Emerging Government of Kotak Markets Fund Singapore !31
Slide 32: Contact Us
Contact Us Institutional Investors Retail Investors Sameer Shah R Shivshankar Email: sa.shah@godrejcp.com Email: r.shivshankar@godrejcp.com Tel: +91 22 2519 4467 Tel: +91 22 2519 4359 !32
Slide 33: Disclaimer
Disclaimer Some of the statements in this communication may be forward looking statements within the meaning of applicable laws and regulations. Actual results might differ substantially from those expressed or implied. Important developments that could affect the Company’s operations include change
Slide 34: Thank you
Thank you www.godrejcp.com
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