Sirca Paints India Ltd. · NSE:SIRCA
Sirca Paints India — Q2 2021 Earnings Presentation
29 slides from Sirca Paints India's earnings presentation, Nov 11, 2020
Slide 1: Submission of Investor Presentation to NSE
e ee ——C Sica SIRCA PAINTS INDIA LIMITED WOOD COATINGS (ITALY) (Formerly known as Sircolor Wood Coatings Pvt. Ltd.) 9 Regd. office : Plot No-50, Badli Industrial Area, Phase-2, New Delhi-110042 & 011-42083083 / 47533213 4 info@sircapaints.com @#& www.sircapaints.com CIN NO: L24219DL2006PLC145092 TO,
Slide 2: Q2FY21 Earnings Presentation
Q2FY21 EARNINGS PRESENTATION November 2020 SIRCA PAINTS NSE: SIRCA | Bloomberg: SIRCA:IN INDIA LIMITED CIN: L24219DL2006PLC145092
Slide 3: Contents
CONTENTS Q2FY21 Result Discussion 01 Indian Paints Industry 18 Introduction & Business Model 08 Wood Coatings & Finishes 19 Sirca at a Glance 09 Board of Directors 20 Sirca’s Value Proposition 10 Financial Summary 22 Sirca’s Footprint & Distribution 12 Get in touch 24 Customer Segments 13 Disclaimer
Slide 4: Q2FY21 Result Discussion
Q2FY21 RESULT DISCUSSION INVESTOR PRESENTATION
Slide 5: Profit & Loss Summary
02 / 25 PROFIT & LOSS SUMMARY CONSOLIDATED (₹ in crores) PARTI CUL AR S Q2FY21 Q1FY21 Q2FY20 Y-O-Y% 1.4% Q2FY21 Revenue from R E V E N U E F R O M O P E R AT I O N S 38.10 11.69 37.58 1.4% Operations at 38.10 Crores compared to 37.58 Crores TOTA L I N C O M E 38.77 12.22 40.05 (3.2%) in Q2FY20 TOTA
Slide 6: Balance Sheet Summary
03 / 25 BALANCE SHEET SUMMARY CONSOLIDATED (₹ in crores) PARTI CUL AR S H1 FY21 H2FY20 % change SHAREHOLDERS FUND 179.64 184.65 (2.7%) NON CURRENT LIABILITIES 0.20 0.18 11.9% CURRENT LIABILITIES 37.07 24.98 48.3% TOTA L 216.92 209.82 3.3% NON CURRENT ASSETS 46.12 52.83 (12.7%) INVESTOR PRESENTATION
Slide 7: Cash Flow Summary
04 / 25 CASH FLOW SUMMARY CONSOLIDATED (₹ in crores) PARTI CUL AR S H1 FY21 H1 FY20 % change C A S H F LO W F R O M O P E R AT I N G A C T I V I T I E S 1.61 7.36 (78.0%) C A S H F LO W F R O M I N V E S T I N G A C T I V I T I E S (2.16) 0.36 (687.0%) C A S H F LO W F R O M F I N A N C I N G A C T
Slide 8: Management Commentary
05 / 25 MANAGEMENT COMMENTARY Q2FY21 Result Discussion b) A range of trade discounts, schemes and b) Northern & Eastern markets – northern limited-time offers that were introduced markets are still at the forefront driving for inducing demand in the trade sales, demand pick-up has been fairly As gui
Slide 9: Recent Promotional Activities
06 / 25 RECENT PROMOTIONAL ACTIVITIES SIRCA Paints India Limited has been awarded as ‘Excellence in Wood Coatings and Paints’ by Radio INVESTOR PRESENTATION City 98.3
Slide 10: Recent Promotional Activities
06 / 25 RECENT PROMOTIONAL ACTIVITIES INVESTOR PRESENTATION SIRCA Paints India Limited has partnered with ELLE Décor with an aim to create engagement on social media platforms with the design community that is exclusive to the brand, and also have select architects & designers to communicate with th
Slide 11: Company Profile
INVESTOR PRESENTATION PROFILE COMPANY
Slide 12: Introduction
08 / 25 INTRODUCTION ABOUT SIRCA PAINTS • With its newly commissioned ABOUT SIRCA S.P.A (ITALY) INDIA LIMITED manufacturing facility, SPIL is progressing on its journey to Founded in the 1973, Sirca is an 85+ become a leading brand in the integral part of the Durante Group. It Countries • Sirca Pain
Slide 13: SPIL at a Glance
09 / 25 SPIL AT A GLANCE EXCLUSIVE LICENSEE 325+ Team Strength Exclusive Licensee of Globally Established ‘Sirca’ brand for India, Nepal, Bangladesh, and Sri Lanka MARKET LEADER 1930+ Nodes* in Distribution Network Among the Top 3 Premium wood coatings brand in India 15 Branches & Depots INVESTOR PR
Slide 14: Value Proposition
10 / 25 VALUE PROPOSITION The promise and quality of ‘Made in Italy’ blended with innovation, research and development to provide the most sophisticated and customized products and services in the paints industry. INVESTOR PRESENTATION CORE OFFERING : Premium Italian Wood, Metal and Glass Coatings
Slide 15: Value Proposition: Recent Additions
11/ 25 VALUE PROPOSITION RECENT ADDITIONS : RECENT ADDITIONS (in Wood Coatings) : • White Cement Wall Putty Mass Market Nitrocellulose (NC) & • Hygiene Plus Additives Melamine Coatings and Thinners • Sanitizers & Cleansers INVESTOR PRESENTATION PORTFOLIO EXPANSION : Wall Paints Range
Slide 16: Sirca's Footprint
12 / 25 JAGADHRI MOHALI KARNAL AMBALA DELHI RAI & SONIPAT DEHRADUN GURUGRAM SILLIGURI NOIDA NEPAL GUWAHATI SIRCA STUDIOS INDORE BANGLADESH BRANCHES & DEPOTS KOLKATA NAGPUR PLANT LOCATIONS RAIPUR EXCLUSIVE DISTRIBUTION & MUMBAI MANUFACTURING RIGHTS APART HYDERABAD FROM INDIA INVESTOR PRESENTATION BEN
Slide 17: Customer Segments
13 / 25 CUSTOMER SEGMENTS Retail OEM ~70% ~30% Revenue Contribution Revenue Contribution APPROACH 1630+ Dealing in Premium Providing strong technical INVESTOR PRESENTATION Aggressively growing Distribution products. support and after sales Network with 1630* nodes services to OEM’s. GROWTH STRATEGY
Slide 18: Recently Commissioned Manufacturing Facilities
14 / 25 R E C E N T LY C O M M I S I O N E D MANUFACTURING FACILITIES ~33.20 COMISSIONED PRODUCTION IPO CRORES WA L L PA I N T C A PA C I T Y M A N U FA C T U R I N G CO M M I S S I O N E D This unit has been established Recently in H1FY20 the company This unit has a production with a total CAPEX of
Slide 19: Marketing and Promotional Activities
15 / 25 MARKETING AND PROMOTIONAL ACTIVITIES INCREASE EXPENDITURE ON ADVERTISEMENTS To achieve a greater brand-recall for ‘Sirca’, the company is increasing its Increase expenditure on advertisements, marketing, and sales promotion efforts. Radio expenditure on Commercials & Advertisements IMPLEMENT
Slide 20: Marketing and Promotional Activities: Sirca Studios
16 / 25 MARKETING AND PROMOTIONAL ACTIVITIES INVESTOR PRESENTATION Sirca Studios
Slide 21: Shop Boards
17 / 25 MARKETING AND PROMOTIONAL ACTIVITIES INVESTOR PRESENTATION Shop Boards, at present ~750 installed.
Slide 22: India Paint Industry
18 / 25 INDIA PAINT INDUSTRY PAINT INDUSTRY IS DIVIDED INTO INDUSTRIA 50,000 L PAINTS CRORE MARKET DECORATIV Industrial Decorative The Indian Paints industry is E PAINTS Paints & Paints & estimated to be a 50,000 crore Coatings Coatings Decorative Paints constitute almost market annually. 3/4th of t
Slide 23: Wood Coatings & Finish Segments
19 / 25 WOOD COATINGS & FINISH SEGMENTS OVERVIEW MARKET TRENDS 2. Growing awareness about environment-friendly products, • Wood coatings are used for their • The wood coatings product category adhesion, anti-corrosion, durability, is facing a shift in consumer 3. Greater artistic and aesthetic appea
Slide 24: Board of Directors
20 / 25 BOARD OF DIRECTORS M R . S A N J AY A G A R WA L M R . A P O O R V A G A R WA L MR. GURJIT SINGH BAINS MR. UGO PELOSIN Chairman and Managing Joint Managing Director Non-Executive Director Non-Executive Director Director Mr. Agarwal has holds a bachelor's Mr. Gurjit Singh Bains is one of the
Slide 25: Board of Directors
21 / 25 BOARD OF DIRECTORS M R . S H YA M L A L G O YA L MR. ANIL KUMAR MRS. ANU CHAUHAN M R . S A N J AY K A P O O R Non-Executive & MEHROTRA Non-Executive & Non-Executive & Independent Director Non-Executive & Independent Director Independent Director Independent Director Mr. Kapoor is a doctor by
Slide 26: Profit & Loss Summary
22 / 25 PROFIT & LOSS SUMMARY (₹ in crores) PARTI CUL AR S 2016 2017 2018 2019 2020 R E V E N U E F R O M O P E R AT I O N S 70.54 82.51 89.22 125.34 135.05 TOTA L I N C O M E 72.66 84.34 93.57 131.46 140.66 TOTA L O P E R AT I N G E X P E N S E S 60.91 62.30 63.26 93.81 103.26 E B I DTA ( E x c l u
Slide 27: Balance Sheet Summary
23 / 25 BALANCE SHEET SUMMARY (₹ in crores) PARTI CUL AR S 2016 2017 2018 2019 2020 SHAREHOLDERS FUND 20.42 34.12 67.63 167.78 184.65 NON CURRENT LIABILITIES 0.23 0.02 0.33 0.63 0.18 CURRENT LIABILITIES 24.41 27.14 26.57 32.29 24.98 TOTA L 45.07 61.31 94.56 200.72 209.82 NON CURRENT ASSETS 4.94 9.94
Slide 28: Contact Us
24 / 25 CONTACT US Mr. Chahat Mahajan Mr. Sayam Pokharna Company Secretary and Compliance Officer Integrated Reporting Advisor Sirca Paints India Limited The Investment Lab cs@sircapaints.com sayam@theinvestmentlab.in INVESTOR PRESENTATION
Slide 29: Disclaimer
25 / 25 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 are in all events not current aft