Asian Granito India Limited · NSE:ASIANTILES
Asian Granito India — Q4 FY2023 Earnings Presentation
44 slides from Asian Granito India's earnings presentation, May 24, 2023
Slide 1: Cover letter to BSE and NSE
Date: 24th May, 2023 To, To Corporate Relations Department Corporate Relations Department BSE Limited National Stock Exchange of India Limited 2nd floor, P.J. Tower, Exchange Plaza, Plot No. C/1, G-Block Dalal Street, Bandra Kurla Complex, Bandra (E), Mumbai – 400 001 Mumbai- 400 051 Company Code: 5
Slide 2: Investor Presentation for Q4FY2023
Tiles • Marble • Quartz • Bathware Investor Presentation for Q4FY2023 Constantly Evolving Luxury Surfaces & Bathware Company
Slide 3: AGL – Consolidated Results Summary Q4FY2023
AGL – CONSOLIDATED RESULTS SUMMARY Q4FY2023 1) Revenue from operations for the Q4FY2023 grew to Rs.455.5 crores, registering 5% decline over previous year. In Q4 demand for DC and PVT remain on lower side on account of decline in off take from government and low cost real estate. 2) Margin during th
Slide 4: Consolidated & Standalone Profit & Loss for Q4FY2023
AGL – CONSOLIDATED & STANDALONE - PROFIT & LOSS FOR Q4FY2023 AGIL Consolidated AGIL Standalone . Particulars Rs. In Crs Rs. In Crs Q4FY22 Q4FY23 YoY Q4FY22 Q4FY23 YoY Total Income from Operations 478.4 455.5 -4.7% 419.3 398.6 -4.9% COGS 317.8 337.1 6.1% 319.0 327.9 2.8% Gross Profit 160.6 118.6 -26.
Slide 5: Consolidated & Standalone Profit & Loss for FY2023
AGL – CONSOLIDATED & STANDALONE - PROFIT & LOSS FOR FY2023 AGIL Consolidated AGIL Standalone . Particulars Rs. In Crs Rs. In Crs FY22 FY23 YoY FY22 FY23 YoY Total Income from Operations 1563.8 1562.7 -0.1% 1349.1 1353.7 0.3% COGS 1003.0 1076.4 7.3% 982.4 1019.3 3.7% Gross Profit 560.8 486.3 -13.3% 3
Slide 6: Consolidated & Standalone Balance Sheet
AGL – CONSOLIDATED & STANDALONE – BALANCE SHEET Balance Sheet Consolidated Standalone . Equity & Liabilities (Rs. Crs.) FY2022 FY23 FY2022 FY23 Equity share capital 56.8 126.7 56.8 126.7 Other Equity 861.4 1,129.3 780.2 1,094.3 Total Equity 918.2 1,256.1 836.9 1,221.0 Non Controlling Interest 34.5 2
Slide 7: Consolidated & Standalone Balance Sheet
AGL – CONSOLIDATED & STANDALONE – BALANCE SHEET Particulars Consolidated Standalone Assets . (Rs. Crs.) FY2022 FY23 FY2022 FY23 Property, plant and equipment 463.5 563.0 231.7 238.4 Capital work in progress 52.0 176.9 0.8 - Right of use assets 8.9 10.1 7.8 9.5 Investment properties 0.5 0.5 0.5 0.5 O
Slide 8: Consolidated Segmental Performance Q4
AGL – CONSOLIDATED SEGMENTAL PERFORMANCE Q4-FY2022 VS Q4-FY2023 (Million SQMTS) Q4-FY2022 VS Q4-FY2023 (Rs. in Crores) 600 .0 14. 00 0.13 0.12 0.17 4.4 500 .0 6.3 12. 00 0.24 14.8 31.9 12.8 10. 00 32.3 63.3 400 .0 7.40 37.1 8.0 0 6.77 300 .0 6.0 0 223.7 249.6 200 .0 3.36 4.0 0 3.26 2.0 0 100 .0 85.4
Slide 9: Consolidated Segmental Performance FY
AGL – CONSOLIDATED SEGMENTAL PERFORMANCE FY2022 VS FY2023 (Million SQMTS) FY2022 VS FY2023 (Rs. in Crores) 180 0.0 13.8 50. 00 0.45 20.7 0.49 160 0.0 49.1 45. 00 0.73 62.2 108.0 123.8 40. 00 0.63 140 0.0 170.0 148.9 35. 00 120 0.0 23.35 23.71 30. 00 100 0.0 25. 00 719.1 800 .0 793.4 20. 00 600 .0 15
Slide 10: Consolidated Geographical Performance
AGL – CONSOLIDATED GEOGRAPHICAL PERFORMANCE . FY2022 vs FY2023 (%) Q4-FY2022 vs Q4-FY2023 (%) 120 % 120 % 100 % 100 % 12% 14% 13% 18% 80% 80% 26% 27% 28% 26% 60% 60% 26% 27% 28% 40% 40% 28% 36% 20% 20% 31% 32% 28% 0% 0% FY2022 FY2023 Q4FY2022 Q4FY2023 West South North East West South North East 9
Slide 11: Consolidated Tiles Revenue Breakup
AGL – CONSOLIDATED TILES REVENUE BREAKUP . FY2022 vs FY2023 REVENUE BREAK UP OF TILES % Q4-FY2022 vs Q4-FY2023 REVENUE BREAK UP OF TILES 120 % 120 % 100 % 100 % 31% 35% 33% 80% 80% 38% 60% 14% 6% 60% 13% 5% 17% 14% 19% 16% 40% 40% 20% 42% 20% 39% 43% 35% 0% 0% FY2022 FY2023 Q3FY2022 Q3FY2023 GVT Dou
Slide 12: Consolidated Exports as Percentage of Sales
AGL - CONSOLIDATED EXPORTS AS PERCENTAGE OF SALES . Rs. in Crores Rs. in Crores Exports Total Sales % of Sales Export Sales % of Sales 13.1% 12.9% 13.3% 14.0% 15.1% 9.9% 1563.8 1562.7 478.4 455.8 1292.3 399.2 195.1 204.9 202.3 67.2 50.3 54.4 FY2021 FY2022 FY2023 Q4 - FY2022 Q3 - FY2023 Q4 - FY2023 N
Slide 13: Exports Paving the Way
EXPORTS PAVING THE WAY… Number of Countries exporting 120 100 100 100 90 80 80 60 40 20 0 FY20 FY21 FY22 FY23 As on date, AGL’s exports are spread across 80 countries. We look forward to expand our global footprints to 120+ countries in the near future. 12
Slide 14: Asian Granito Limited - Luxury Surfaces and Bathware Solutions Company
Asian Granito Limited - Quality driven new age Luxury Surfaces and Bathware Solutions Company • Incorporated in 1995 as Karnavati Fincap Private Limited and commenced Tiles operations in 2001, Asian Granito Limited (AGL) is a new age luxury surfaces and bathroom solutions 11 34.5 Mn Sqm company head
Slide 15: A Journey Full of Evolution and Growth
A Journey Full of Evolution and Growth AGL’s Journey is full of evolution, expansions and diversifications presenting the true example of staying relevant, always Established vitrified tiles Listed on Stock Exchanges. Commenced production of Commenced Quartz slab AGL Group was First Plant of Ceramic
Slide 16: Integrated Product Portfolio
Integrated Product Portfolio 15
Slide 17: Largest Portfolio of Luxury Surfaces and Bathroom Solutions (1/2)
AGL is having one of the largest portfolio of Luxury Surfaces and Bathroom Solutions under Single Umbrella (1/2) From Flooring to Walls to Countertops to Bathware, AGL provides Solutions for every Space Asian Granito India Limited (AGL) Tiles and Slabs Marble & Quartz Sanitaryware & Fittings Existin
Slide 18: Largest Portfolio of Luxury Surfaces and Bathroom Solutions (2/2)
AGL is having one of the largest portfolio of Luxury Surfaces and Bathroom Solutions under Single Umbrella (2/2) From Flooring to Walls to Countertops to Bathware, AGL provides Solutions for every Space 950 2361 116 906 97 530 SKUs SKUs SKUs SKUs SKUs SKUs Ceramic Floor & Wall Polished Vitrified Gla
Slide 19: Driven by Strategic Executions
Driven by Strategic Executions 18
Slide 20: AGL Enhanced Strategic Integration Programme (ESIP)
AGL Enhanced Strategic Integration Programme (ESIP) A Long Term focused strategic growth acceleration and excellence plan to achieve our vision Global Go-to-market Expansion Long Term Brand Vision Visibility Total Revenue Expansion of Enhancement of INR 6,000 Multi-material Crores Portfolio Innovati
Slide 21: Specific Strategic Pillars in execution of ESIP
Specific Strategic Pillars in execution of ESIP Blend of Manufacturing, Branding and Go-to-Market Initiatives Manufacturing of value added In-house manufacturing plant of innovative Large Format slab Bathware to expand margins India’s largest Single Roof Wall Tile New manufacturing plant for large P
Slide 22: Additional Manufacturing Infrastructure across existing and new Value Added Products
Additional Manufacturing Infrastructure across existing and new Value Added Innovative Products Near to Short Term is set to witness multiple manufacturing plants from AGL Project GVT Sanitaryware Quartz New Project Wall Tiles Company Future Ceramic Pvt. Ltd. AGL Sanitaryware Pvt. Ltd. Amazoone Cera
Slide 23: Foray into Stone Plastic Composite (SPC) Flooring
Foray into Stone Plastic Composite (SPC)- a New Age Innovative Flooring Having a Portfolio of Unique Floorings to further expand AGL’s Core Theme i.e. Single Roof Offerings New upcoming opportunity in SPC tiles Global SPC Flooring Market Size (USD Bn) Geographical Breakup of the Global SPC Market (U
Slide 24: Enhancement of Brand Visibility and Global Go-to-Market Expansion
Enhancement of Brand Visibility and Global Go-to-Market Expansion Brand Visibility Enhancement Further Expansion of Domestic Expand International Presence through New Age Means Touch Points through Strategic Planning • Expand exclusive showrooms • Add new dealerships and • Expand and leverage Social
Slide 25: Well Established Market Reach
Well Established Market Reach 24
Slide 26: AGL's reach covers all states and union territories
AGL’s reach covers all the states and union territories across the country Touch Company Owned 6,500+ Points 9 Display Centres Distributors, Dealers States and UTs 2,700+ & S-Dealers 35 Reached Exclusive Countries 235 Franchise 80 Exports 25
Slide 27: Multi-model approach to reach across the country and world
Multi-model approach to reach each corner of the country and across the world AGL has adopted effective blend of Distributor & Dealer Network, Exclusive Franchise Points and Own Display Centres Distributor Dealer Franchise Own Display Network Network Network Centres 67 Distributors 2,700 Dealers 235
Slide 28: Marquee Corporate, Institutional and Projects Clientele
Marquee Corporate, Institutional and Projects Clientele 27
Slide 29: Best in Class Infrastructure
Best in Class Infrastructure
Slide 30: Technology Adoption and Upgradation
Technology Adoption and Upgradation- AGL has led the Indian Ceramic Story to induct most latest innovations at work For years, AGL has been introducing most latest and unique technologies and products to the industry AGL is highly respected for having many “First Times” in its basket and the trend i
Slide 31: State of the Art Infrastructure
State of the Art Infrastructure Infrastructure has always played one of the most critical role in getting AGL where it is today on the league table AGL Dalpur Plant (Wall Tiles) AGL Dalpur Plant (GVT) AGL Dalpur Plant (Marble & Quartz) Ahmedabad Head Office Mehsana Idar Himmatnagar AGL Dholka Plant
Slide 32: Industry Overview
Industry Overview Slider 31
Slide 33: India's Ceramic Tiles Production
Indian’s Ceramic Tiles Production Over the years, India has delivered consistent performance in production of tiles, ranking at No.2 Position Globally after China India’s Ceramic Tile Production India’s Ceramic Tile Consumption Highest Y-o-Y Growth Delivered in the World Highest Y-o-Y Growth Deliver
Slide 34: India's Ceramic Tiles Industry
India’s Ceramic Tiles Industry Growing Organisation of the Industry led by government reforms Ceramic Tiles Market Systemic shift from Unorganized INR 52,500 Crore to Organized segment . . . Organized Unorganized INR 25,500 Crore INR 27,000 Crore 51.0% 52.0% 50.0% Listed Majors Unlisted INR 8,500 Cr
Slide 35: India's Ceramic Tiles Exports
India’s Ceramic Tiles Exports Not leaving any stone unturned, India surpassed Spain to become 2nd Largest Exporter of Ceramic Tiles globally after China India’s Pie in Global Ceramic Tiles Exports in CY2020 38%+ CAGR growth in Ceramics exports from India % of World Exports (figures in sq.mt. Mn.) Ot
Slide 36: Fundamentals Fueling Domestic Demand and Consumption
Fundamental fueling Domestic Demand and Consumption Rapid Urbanisation Rate in India By 2030, 77% of India’s population will comprise of Millennials & Gen Z2 Lower Mid & Upper Mid will together constitute ~78% of population by 2030 4 4 4 3 4 4 3 3 4 3 3 3 3 10 11 3 3 8 Median Age 31 4 3 3 7 5 2 3 6
Slide 37: Recent Key Trends in the Indian Ceramic Tiles Story
Recent Key Trends in the Indian Ceramic Tiles Story Growing Urbanisation resulting into Rising demand for Commercial Real increasing need for new homes in Cities Estate in top cities across the country Rising disposable incomes resulting into Consistent addition of New capacities need for higher sta
Slide 38: Financials
Financials 37
Slide 39: Balance Sheet
Balance Sheet Particulars (INR in crores) Consolidated Standalone FY23 FY22 FY21 FY20 FY23 FY22 FY21 FY20 Fixed assets 563.0 463.5 457.3 462.8 238.4 231.7 235.8 246.2 Capital work in progress 176.9 52.0 24.4 9.4 - 0.8 0.1 0.7 Investments 13.2 65.9 46.3 29.8 76.0 106.8 46.7 36.7 Trade receivables 417
Slide 40: Statement of Profit & Loss
Statement of Profit & Loss Particulars (INR in crores) Consolidated Standalone FY23 FY22 FY21 FY20 FY23 FY22 FY21 FY20 Revenue from operations 1562.7 1563.8 1,292.3 1,224.5 1353.7 1349.1 1,036.2 1,013.2 Cost of material consumed 275.8 279.6 214.6 306.5 194.3 179.3 137.9 173.9 Purchase of stock in tr
Slide 41: Snapshot of Financial Performance – 5 years
Snapshot of Financial Performance – 5 years Net Revenue (Rs. in Crores) 1,563.8 1,562.7 Net Worth (Rs. in Crores) 1256.1 1,224.5 1,292.3 1,186.7 918.2 626.0 517.4 451.1 FY2019 FY2020 FY2021 FY2022 FY2023 FY2019 FY2020 FY2021 FY2022 FY2023 EBITDA & EBITDA Margin (%) PAT & PAT Margin (%) 150 9.6 10.5
Slide 42: Snapshot of Financial Performance – Debt Levels, ROCE and ROE
Snapshot of Financial Performance – 5 years Debt Levels ROCE and ROE 10.00 0.74 9.10 500 0.8 25. 00 8.10 12. 00 10. 00 0.62 450 0.7 20. 00 8.0 0 4.62 400 0.6 15. 00 6.0 0 0.46 350 4.0 0 0.5 10. 00 300 2.0 0 250 0.4 5.0 0 10.64 10.50 12.10 12.00 0.0 0 0.17 200 0.21 0.3 0.0 0 -2.00 150 0.2 -5.00 FY201
Slide 43: Group structure and shareholding pattern
With addition of More Value Added Products, Net Sales Realisation (NSR) has been growing ASIAN GRANITO INDIA LIMITED AGL INDUSTRIES AMAZOONE CRYSTAL CERAMIC AGL GLOBAL TRADE FUTURE CERAMICS AGL SANITARYWARE AGL SURFACES LIMITED CERAMICS LIMITED INDUSTRIES PVT PRIVATE LIMITED PRIVATE LIMITED PRIVATE
Slide 44: Thank You
Asian Granito India Limited THANK YOU Office 202, Dev Arc, Opp. Iskcon Temple, S.G. Highway, Ahmedabad- 380015, Gujarat, India 43
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