Pidilite Industries Limited · NSE:PIDILITIND
Pidilite Industries — Q2 FY2022 Earnings Presentation
39 slides from Pidilite Industries's earnings presentation, Nov 11, 2021
Slide 1: Exchange cover letter: Investor Update
Nidilite 11th November, 2021 The Secretary The Secretary BSE Ltd. National Stock Exchange of India Ltd. Corporate Relationship Dept., Exchange Plaza, Plot no. C/1, G Block, 14th floor, P. J. Tower, Bandra-Kurla Complex, Dalai Street, Fort Bandra (E), Mumbai - 400 001 Mumbai - 400 051 Stock Code — 50
Slide 2: Pidilite Industries Limited Investor Update, Quarter and half year ended September 2021
• Pidilite auilding bonds Pidilite Industries Limited Investor Update Quarter and half year ended September 2021 Financial Highlights Coverage Consolidated Standalone Financial Highlights Particulars Quarter Half Year Quarter Half Year Business segment wise results Ended Ended Ended Ended Over
Slide 3: Financial Highlights July–September 2021
Financial Highlights July – September 2021 Consolidated Performance as compared to the same quarter last year: Net sales grew by 40.7% (Excluding PAPL: 33.4%). Material cost as a % to net sales is higher by 1,027 Bps vs same quarter last year and 375 Bps vs sequential quarter. EBITDA before no
Slide 4: Business Segment Wise Performance – Standalone
Business Segment Wise Performance – Standalone (On a comparable basis) Rs Crores Sr. PARTICULARS Quarter Ended Half Year Ended No Sep'21 Sep'20 Growth Sep'21 Sep'20 Growth 1 Segment Sales a) Consumer & Bazaar Products (C&B) 1,794.8 1,328.2 35.1% 3,041.2 1,940.2 56.7% b) Business to Business (B2B) 43
Slide 5: Overseas subsidiaries performance
Rs Crores Quarter ended Half year ended Sales Sept'21 Sept'20 Growth Sept'21 Sept'20 Growth Asia 62.8 54.9 14.4% 130.3 84.1 55.0% Middle East and Africa 50.8 38.0 33.6% 98.8 64.1 54.0% Americas 64.7 80.7 -19.8% 116.4 118.3 -1.7% Total 178.3 173.6 2.7% 345.5 266.5 29.6% Rs Crores Quarter ended Half y
Slide 6: Domestic subsidiaries performance
Rs Crores Quarter Ended Half Year Ended EBITDA Sep'21 Sep'20 Growth Sep'21 Sep'20 Growth Nina Percept Pvt Ltd -9.6 -6.5 -47.7% -17.1 -21.7 21.0% ICA Pidilite Pvt Ltd 14.0 11.2 24.2% 18.7 5.4 244.6% Cipy Polyurethane Pvt Ltd 2.6 -0.8 429.9% 4.9 -6.9 170.3% Others 1.4 3.2 -55.5% 1.2 -0.5 339.6% Total
Slide 7: Statement of Standalone Unaudited Financial Results
PIDILITE INDUSTRIES LIMITED REGD. OFFICE : 7th Floor, Regent Chambers, Jamnalal Bajaj Marg, 208, Nariman Point, Mumbai - 400 021 Pidilite Tel No. 91 22 2835 7000 Fax : 91 22 2835 6007 Email address : investor.relations@pidilite.co.in Website : www.pidilite.com CIN : L24100MH1969PLC014336 STATEMENT O
Slide 8: Standalone Unaudited Segment Information
---- 2 ---- Pujilile STANDALONE UNAUDITED SEGMENT INFORMATION FOR THE QUARTER AND SIX MONTHS ENDED 30.09.2021 Rs Crores For the Quarter ended For the Six Months ended For the Year ended Sr. Particulars No. 30.09.2021 30.06.2021 30.09.2020 30.09.2021 30.09.2020 31.03.2021 Unaudited Unaudited Unaudite
Slide 9: Standalone Statement of Assets and Liabilities
---3--- Pidilite STANDALONE UNAUDITED STATEMENT OF ASSETS AND LIABILITIES AS AT 30.09.2021 Rs Crores As at As at Sr Particulars 30.09.2021 31.03.2021 No Unaudited Audited A ASSETS 1 Non Current Assets (a) Property, Plant and Equipment 1180.34 1023.38 (b) Right of Use Assets 156.44 118.67 (c) Capital
Slide 10: Standalone Statement of Cash Flows
---4--- Piiiilite STANDALONE UNAUDITED STATEMENT OF CASH FLOWS FOR SIX MONTHS ENDED 30.09.2021 Rs Crores For the Six Months ended 30.09.2021 30.09.2020 Particulars Unaudited Unaudited A] Cash Flows from Operating Activities Profit before tax 797.23 531.90 Adjustments for: Finance costs recognised in
Slide 11: Notes to the Standalone Unaudited Financial Results
---- 5 ---- Picillite Notes to the Standalone Unaudited Financial Results: 1. The above results have been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on 10th November 2021. 2. The Statutory auditors have carried out a " Limited Review" of
Slide 12: Statement of Consolidated Unaudited Financial Results
PIDILITE INDUSTRIES LIMITED REGD. OFFICE : 7th Floor, Regent Chambers, Jamnalal Bajaj Marg, 208, Nariman Point, Mumbai - 400 021 Phijute Tel No. 91 22 2835 7000 Fax : 91 22 2835 6007 Email address : investor.relations@pidilite.co.in Website : www.pidilite.com CIN : L24100MH1969PLC014336 STATEMENT OF
Slide 13: Consolidated Unaudited Segment Information
---- 2 ---- Pidilite CONSOLIDATED UNAUDITED SEGMENT INFORMATION FOR THE QUARTER AND SIX MONTHS ENDED 30.09.2021 Rs Crores For the Year For the Quarter ended For the Six Months ended Sr. Particulars ended No. 30.09.2021 30.06.2021 30.09.2020 30.09.2021 30.09.2020 31.03.2021 Unaudited Unaudited Unaudi
Slide 14: Consolidated Statement of Assets and Liabilities
---3--- Pictilite CONSOLIDATED UNAUDITED STATEMENT OF ASSETS AND LIABILITIES AS AT 30.09.2021 Rs Crores As at As at Sr No Particulars 30.09.2021 31.03.2021 Unaudited Audited A ASSETS 1 Non Current Assets (a) Property, Plant and Equipment 1437.04 1285.03 (b) Right of Use Assets 191.48 157.81 (c) Capi
Slide 15: Consolidated Statement of Cash Flows
---4--- Pidilite CONSOLIDATED UNAUDITED STATEMENT OF CASHFLOWS FOR THE SIX MONTHS ENDED 30.09.2021 Rs Crores For the Six Months ended 30.09.2021 30.09.2020 Particulars Unaudited Unaudited A] Cash Flows from Operating Activities Profit before tax 781.19 510.07 Adjustments for: Share of profit from As
Slide 16: Notes to the Consolidated Unaudited Financial Results
,wins1"•ftft, ---- 5 ---- Picillite Notes to the Consolidated Unaudited Financial Results: 1. The above results have been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on 10th November 2021. 2. The above results comprise the results of Pidil
Slide 17: Q2 FY22 Earnings Presentation
Pidilite ••• • Q2’ Q2' FY F 22 4.44ThiN- .44 * Earnings Earnii Presentation Prese
Slide 18: Our Brands
OUR BRANDS FEVICOL FIXIT® Et= Fevis'aio SP31. AWING EYIEPT Rangeela steelgrip TOMATO' WOOD PRESERVATIVE TM ICA Pidilite grupo puma GEM* cipy 21 NINA PeRCePT Araldite LiTreKtiL Jowat
Slide 19: Disclaimer
DISCLAIMER This presentation may contain statements which reflect the management’s current views and estimates and could be construed as forward looking statements. The future involves certain risks and uncertainties that could cause actual results to differ materially from the current views being e
Slide 20: Market Outlook
MARKET OUTLOOK The business witnessed growth along with improving consumer demand sentiments due to accelerated vaccinations, reduced COVID infections and increased mobility. Unprecedented increases and volatility in input costs has been a major challenge during quarter. Going forward we remai
Slide 21: Financial Highlights
FINANCIAL HIGHLIGHTS P h 1 1 111111111
Slide 22: Earnings Summary Q2 FY22
EARNINGS SUMMARY Q2’ FY22 NET SALES EBITDA* PBT* PAT CONSOLIDATED Rs. 2,613 Cr Rs. 550 Cr Rs. 492 Cr Rs. 376 Cr 40.7% 6.9% 2.7% 5.3% YOY GROWTH 33.4% -ve 2.3% -ve 7.0% -ve 4.4% excluding PAPL is shown in unshaded portion and in italics STAND ALONE Rs. 2,200 Cr Rs. 479 Cr Rs. 442 Cr Rs. 339 Cr YOY GR
Slide 23: Earnings Summary H1 FY22
EARNINGS SUMMARY H1’ FY22 NET SALES EBITDA* PBT* PAT CONSOLIDATED Rs. 4,541 Cr Rs. 907 Cr Rs. 781 Cr Rs. 593 Cr 66.3% 55.8% 53.1% 59.3% YOY GROWTH 58.7% 43.9% 39.7% 45.6% excluding PAPL is shown in unshaded portion and in italics STAND ALONE Rs. 3,817 Cr Rs. 787 Cr Rs. 797 Cr Rs. 628 Cr YOY GROWTH 5
Slide 24: Performance Overview
PERFORMANCE OVERVIEW Strong sales volume and value growth across geographies. Consumer and Bazaar businesses (‘C&B’) reported growth across all categories such as adhesives, construction chemicals and DIY portfolio. Business to Business (‘B2B’) growth led by continued momentum in industrial acti
Slide 25: Overseas Subsidiaries Performance Q2 FY22
OVERSEAS SUBSIDIARIES PERFORMANCE Q2’ FY22 (in INR Crores) Asia 9 Sales Americas 62.8 9 54.9 Sales 80.7 64.7 9 9 EBITDA 8.4 8.6 EBITDA 29.1 9 6.0 Middle East and Africa Sales 50.8 EBITDA 38.0 -0.1 -1.3 • Amounts are like for like actual reported numbers excluding translations and other consolidation
Slide 26: Overseas Subsidiaries Performance H1 FY22
OVERSEAS SUBSIDIARIES PERFORMANCE Q2’ FY22 (in INR Crores) Asia 9 Sales 130.3 9 84.1 Americas Sales 9 118.3 116.4 9 EBITDA 21.5 9.8 EBITDA 9 30.6 11.3 Middle East and Africa Sales EBITDA 98.8 64.1 -0.7 -4.2 • Amounts are like for like actual reported numbers excluding translations and other consolid
Slide 27: Domestic Subsidiaries Performance Q2 FY22
DOMESTIC SUBSIDIARIES PERFORMANCE Q2’ FY22 135.5 INR (Rs in Crore) NET SALES 73.7 54.3 35.9 46.4 29.8 18.8 21.8 12.1 0.0 Nina Percept Pvt Ltd ICA Pidilite Pvt Ltd Cipy Polyurethane PAPL Others Pvt Ltd ■ Q2, FY 2020-21 ■ Q2, FY 2021-22 47.3 14.0 The Company acquired 100% stake in 11.2 2.6 3.2 Pidilit
Slide 28: Domestic Subsidiaries Performance H1 FY22
DOMESTIC SUBSIDIARIES PERFORMANCE H1’ FY22 207.3 INR (Rs in Crore) NET SALES 111.8 113.7 43.4 58.1 55.0 26.4 24.6 19.3 0.0 Nina Percept Pvt Ltd ICA Pidilite Pvt Ltd Cipy Polyurethane Pvt PAPL Others Ltd ■ H1, FY 2020-21 ■ H1, FY 2021-22 69.6 18.7 The Company acquired 100% 5.4 4.9 0.0 1.2 stake in Pi
Slide 29: A Company at Glance
A COMPANY AT GLANCE Brand established Adhesives & sealants, History of creating Among the most trusted brands in 1959 construction strong brands in the country. Other big brands Pioneer in chemicals, art & craft include M-Seal, Fevikwik, Fevistik, Consumer & products & polymer Roff, Dr. Fixit, Fevic
Slide 30: Industry Segment Composition
INDUSTRY SEGMENT COMPOSITION 5.9% 6.4% Pigment & Industrial Resins, Preparations Construction chemicals (Project) etc. 0.8% Others 5.7% Industrial Adhesives 7.1% Art & Craft Materials etc. 54.2% 81.2% Adhesives & S Consumer & bazaar products 19.9% Sealants Construction & 18.0% Paint Chemicals • Busi
Slide 31: 5-Year Performance by Business Segments
5-Year Performance by Business Segments Numbers represent Percentage of Total Sales Consumer and Bazaar (C&B) Business to Business (B2B) B2B includes Others also 82% 81% 24% 22% 81% 22% 21% 80% 80% 20% 20% 80% 20% 19% 79% 18% 79% 78% 16% 78% 14% 77% 12% 76% 10% 2016-17 2017-18 2018-19 2019-20 2020-2
Slide 32: Domestic Presence
DOMESTIC PRESENCE INDIA OPERATIONS "IV MI E - .•1•1• ••1•11••im. 6,000+ SKUs of 600+ products 11 1 9 /III 1011 .-• 1 1-•.- 2.7111 1Ii! Domestic Revenue of Rs. 5,547 Cr for FY21 • fiLALiii I 111 7"; ;u•4•1] 26 plants, 30 Co-makers / 4,800+ distributors /_ 44 warehouses 9 regional offices & 2 RDCs At
Slide 33: Share Holding Pattern – 30 September 2021
SHARE HOLDING PATTERN- 30 September 2021 ■ Promoters ■ Mutual Funds ■ FP's 4.29%' 69.99% • Others
Slide 34: Marketing & Advertising
MARKETING & ADVERTISING Consistent and effective brand building activities across various categories TILE & STONE FIXING SOLUTIONS <4 • ti 43211 aTh- a. Consumer Adhesives & Sealants b. Craftsmen Adhesives $$ c. Waterproofing Chemicals d. Hobby & Craft Colours A Several of the brands are well-known
Slide 35: Connecting Digitally
CONNECTING DIGITALLY Roff •As, Published by Gayatri S 0.6 August • CD Hobby Ideas India GI Pubffsted by Muslor Agarwa I 17 Septerrter Fevicryl Fabric Glue is all you need to #StickAnd Celebrate the festive season, right Hobbyists? kwato Fevikwik • • • Worried about food and drink spillages staining
Slide 36: Celebrating Occasions – Digital Way
CELEBRATING OCCASSIONS- DIGITAL WAY F'JZAL Fevicol • • • e Hobby Ideas India i•ed Vuska, Aga mai 0.15 August Fevikwik in creativity, there is freedom. There are no rules. You are free to imagine, to choose and to create. Pakde rahenge, todenge nahi :P And this will make you feel the most alive, won'
Slide 37: Share Price Movement
SHARE PRICE MOVEMENT 180 Pidilite Sensex 160 140 120 100 80 60 Sep-2020 Oct-2020 Nov-2020 Dec-2020 Jan-2021 Feb-2021 Mar-2021 Apr-2021 May-2021 Jun-2021 Jul-2021 Aug-2021 Sep-2021 Rebased to 100
Slide 38: Consistent Dividend Payouts
CONSISTENT DIVIDEND PAYOUTS 50% 40.6% 39.9% 40% 38.1% 36.9% 33.8% 30% 20% 10% 0% FY17 FY18 FY19 FY20 FY21 Note: The Net Profit considered for above calculation is excluding exceptional items
Slide 39: Investor Relations
Pidilite CIN : L24100 MH19 69P LC0143 36 Investor Relations Investor.relations@pidilite.co.in Manisha Shetty [Additional Company Secretary] Ramkrishna Mandir Road, •,•;,,‘• Off Mathuradas Vasanji Road, Andheri (E), Mumbai - 400 059. Phone : +91 22 28357949 .-„ Fax : +91 22 28216007 • ..
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