Somany Ceramics Limited · NSE:SOMANYCERA
Somany Ceramics — Q4 FY2015 Earnings Presentation
18 slides from Somany Ceramics's earnings presentation, May 2015
Slide 1: Somany Ceramics Limited Q4'FY15/FY'15 Investor Update
SOMANY CERAMICS LIMITED Q4’FY15/FY’15 - Investor Update MAY 2015
Slide 2: Key Industry Updates
Key Industry Updates Increasing Customer Focus Stable Raw Material Stable Currency & Gas prices Increasing focus on customers leading to bode well for Industry better quality, R&D investment and increasing share of Branded players An ‘Era of High Focus’ Growth Drivers to play out in 2015-16 Executio
Slide 3: Real Estate Bill – Instilling Confidence
Real Estate Bill – Instilling Confidence Creation of Real Estate Regulatory Authority RERA (RERA) will help co-ordinate the development of the sector and promote efficiency and level playing ground for all stakeholders Transparency Mandatory public disclosure of registered properties, disclosure & G
Slide 4: Financial overview
Financial overview Operational • Q4’FY15 tiles sales volume at 12.6 msm vs 11.9 msm, a growth of 6.1 % YoY Performance • FY15 tiles sale volume at 42.4 msm vs 37.9 msm, a growth of 11.8 % YoY • Sales mix in FY15 – Own manufacturing (39%), JV (38%) and Others (23%) • Net Sales increased by 11.5% YoY
Slide 5: Financial overview
Financial overview Exports stood at Rs. 13.9 cr for Q4’FY15 and Rs. 64.3 cr for FY15 Geographical Sales for FY15 came in at – North (39%), South (29%), West (12%), East (16%) and Exports (4%) Sanitaryware and bath fittings sales at Rs. 25.4 cr for Q4’FY15 and Rs. 79.3 cr for FY15 5
Slide 6: Sales Performance (Gross)
Sales Performance (Gross) Q4’FY15 v/s Q4’FY14 FY’15 v/s FY’14 +21% 1598.3 +11% 1325.4 475.3 623.5 429.6 178.7 Own 643.6 Manufacturing Own 196.3 Manufacturing 611.3 188.8 JV 300.0 JV 150.8 Others 381.8 363.6 Others 82.5 107.8 Q4’FY14 Q4’FY15 FY’14 FY’15 Figures in Rs. cr 6
Slide 7: Volume Performance
Volume Performance Q4’FY15 v/s Q4’FY14 FY’15 v/s FY’14 +12% 42.4 37.9 +6% 12.6 11.9 18.6 Own 19.4 5.6 Manufacturing Own 5.9 Manufacturing 14.5 JV 6.6 4.4 JV 3.6 Others 11.9 9.2 Others 2.4 2.6 Q4’FY14 Q4’FY15 FY’14 FY’15 Figures in mn sq mtr 7
Slide 8: Q4'FY15/FY'15 Profit & Loss
Q4’FY15/FY’15 Profit & Loss Particulars Q4’FY15 Q4’FY14 Growth FY 15 FY 14 Growth Net Sales 455.6 408.5 11.5% 1531.3 1255.6 22.0% EBIDTA 30.7 28.7 6.9% 104.1 84.4 23.3% Depreciation 6.0 5.6 6.6% 22.3 22.1 0.8% Finance cost 4.8 4.5 6.5% 16.3 18.3 (10.9%) Profit before tax 19.9 18.6 7.2% 65.5 44.0 48.
Slide 9: Balance Sheet
Balance Sheet Particulars Mar-15 Mar-14 Particulars Mar-15 Mar-14 Shareholder’s Fund 254.0 220.5 Non-Current Assets 284.3 256.1 Share capital 7.8 7.8 Fixed assets 236.7 218.5 Reserves & Surplus 246.2 212.7 Long-term loans and advances 21.0 15.9 Non-current liabilities 111.2 104.9 Other non-current a
Slide 10: Debt Management
Debt Management Working Capital Days* Leverage Ratio (x) 70 1.9 54 1.5 47 1.2 39 37 0.8 0.7 FY’11 FY’12 FY’13 FY’14 FY’15 FY’11 FY’12 FY’13 FY’14 FY’15 *excludes Current Investment Standalone Figures 10
Slide 11: 5 Year Profit & Loss - Standalone
5 Year Profit & Loss - Standalone Particulars FY’11 FY’12 FY’13 FY’14 FY’15 Net Sales 708 870 1,046 1,256 1,531 EBIDTA 68 75 87 84 104 Depreciation 17 18 20 22 22 Finance cost 17 21 20 18 16 Profit before tax 34 36 47 44 66 Tax expenses 10 11 15 16 21 Profit after tax 23 25 32 28 44 Cash Profit 43 4
Slide 12: 5 Year Balance Sheet - Standalone
5 Year Balance Sheet - Standalone Particulars Mar’11 Mar’12 Mar’13 Mar’14 Mar’15 Equity Share Capital 7 7 7 8 8 Reserves & Surplus 96 117 144 213 246 Net Worth 102 124 151 221 254 Total Debt 191 181 176 170 188 Net Block 176 194 209 219 237 Investments 2 6 9 22 24 Net Current Assets 137 128 133 165
Slide 13: 5 Year Profit & Loss - Consolidated
5 Year Profit & Loss - Consolidated Particulars FY’11 FY’12 FY’13 FY’14 FY’15 Net Sales 716 876 1,050 1,261 1,535 EBIDTA 70 75 88 84 115 Depreciation 18 18 20 21 26 Finance cost 18 21 20 19 21 Profit before tax 34 36 48 44 68 Tax expenses 10 11 16 15 22 Profit after tax 24 25 32 29 46 Cash Profit 44
Slide 14: 5 Year Balance Sheet - Consolidated
5 Year Balance Sheet - Consolidated Particulars Mar’11 Mar’12 Mar’13 Mar’14 Mar’15 Equity Share Capital 7 7 7 8 8 Reserves & Surplus 97 121 146 215 250 Net Worth 104 126 153 223 258 Total Debt 194 181 177 189 210 Net Block 177 194 209 243 265 Investments 1 5 9 18 20 Net Current Assets 146 130 136 17
Slide 15: Key Strengths
Key Strengths • Committed to value enhancement by adopting asset light model and increasing share of value add products • 1st in the Indian Tile industry to have Government recognized R&D facilities, thereby giving credibility to ‘Brand Somany’ • High credibility & reputation for ‘Brand Somany’ and
Slide 16: Strategically building a sustainable growth path
Strategically building a sustainable growth path 6 Export Markets 5 Increase exports to Increase Branding newer geographies Sustainable Business Growth and marketing efforts 4 Improving recall of Improvement in Product Mix ‘Brand Somany’ Increase spend to 2- 2.5% of Sales Focus on high value
Slide 17: Disclaimer
Disclaimer The information contained herein has been prepared to assist prospective investors in making their own evaluation of the Company and does not purport to be all-inclusive or to contain all of the information a prospective or existing investor may desire. This Information may include certai
Slide 18: For further information, please contact
For further information, please contact: Company : Investor Relations Advisors : Somany Ceramics Ltd. Strategic Growth Advisors Pvt. Ltd. CIN - L40200DL1968PLC005169 CIN - U74140MH2010PTC204285 Mr. R. K. Lakhotia, VP – Finance Mr. Shogun Jain/Ms. Sanjita Ghosh fin@somanytiles.co.in jshogun@sgapl.net