Crompton Greaves Consumer Electricals Ltd. · NSE:CROMPTON
Crompton Greaves Consumer Electricals — Q4 FY23 Earnings Presentation
36 slides from Crompton Greaves Consumer Electricals's earnings presentation, May 21, 2023
Slide 1: Exchange filing cover letter
Crompton Greaves Consumer Electricals Limited Registered & Corporate Office: Tower 3, 1st Floor, East Wing, Equinox Business Park, LBS Marg, Kurla (West), Mumbai - 400 070.India T: +91 22 6167 8499 F: +91 22 6167 8383 W: www.crompton.co.in CIN: L31900MH2015PLC262254 Date: May 21, 2023 To, To, BSE Li
Slide 2: Investor Update Q4 FY23
Investor Update Q4 FY23
Slide 3: Disclaimer
Disclaimer This presentation does not constitute an offer from Crompton Greaves Consumer Electricals Ltd. or any of its affiliates (“Crompton”) to any party and the information contained herein will not form the basis of any contract. Neither Crompton nor any of their respective affiliates, sharehol
Slide 4: Index
1 Q4 Highlights Index 2 Financial Performance 3 Segment Performance
Slide 5: Q4 Highlights – Strong performance in tough market environment
Q4 Highlights – Strong performance in tough market environment Consolidated Q4 revenue grew by 16% and FY 23 revenue grew by 27% Crompton Board announced a dividend of Rs. 3 per share v/s Rs. 2.5 per share in previous year resulting in 40% pay-out ratio 1 ECD segment bounced back strongly growing by
Slide 6: Q4 Highlights: Butterfly
Q4 Highlights Butterfly With Q4 revenue of Rs 187 Cr. FY 23 revenue grew by 10% with highest ever profits of Rs 52 Cr. Continue to make progress on priority areas: Increasing 1 Retail continues to be growth driver with 19% growth in Q4 along with healthy improvement in margins share of retail 2 New
Slide 7: Multiple marketing activities in Q4 to strengthen the brand awareness
Multiple marketing activities in Q4 to strengthen the brand awareness Digital build-up for summer campaigns in Q4 Influencer videos to drive discoverability #SwitchToSave PR meet to launch star rated fans - 30+ media and publication houses attended the event 30+ Major media and publication houses at
Slide 8: New products launched in Q4 with strong product development in pipeline
New products launched in Q4 with strong product development in pipeline Ceiling Fans: Mixer Grinders: Fans ► Roverr – Smart 5 star-rated underlight Fan Appl. ► Qube 500W – Range extension in 500W category featuring ActivBLDC technology, Anti-dust with motor Vent-X technology & overload protector pro
Slide 9: Standalone Financial Performance
Crompton Standalone Financial Performance Revenue (in Rs. cr.) EBITDA (in Rs. cr.) PAT (in Rs. cr.) 5,809 5,373 761 671 593 476 1,604 1,532 222 196 182 132 Q4'22 Q4'23 FY'22 FY'23 Q4'22 Q4'23 FY'22 FY'23 Q4'22 Q4'23 FY'22 FY'23 FY 23 includes finance costs of 62 Cr. related to Butterfly acquisition
Slide 10: Standalone Segment Performance
Crompton Standalone Segment Performance Segment Revenue Q4 FY23 Q4 FY22 Y-o-Y FY23 FY 22 Y-o-Y ECD 1,326 1,231 8% 4,755 4,311 10% Lighting 278 301 -8% 1,054 1,062 -1% Total 1,604 1,532 5% 5,809 5,373 8% Segment EBIT Q4 FY23 Q4 FY22 Y-o-Y FY23 FY 22 Y-o-Y ECD 218 228 -4% 789 827 -5% ECD % 16.4% 18.5%
Slide 11: Butterfly Standalone Financial Performance
Butterfly Standalone Financial Performance | Strategic channel restructuring improving structural EBITDA to 8-9% while continuing growth spends Revenue (in Rs. cr.) EBITDA (in Rs. cr.) PAT (in Rs. cr.) 1,057 960 190 187 97 52 56 8 16 -17 -19 2 Q4'22 Q4'23 FY'22 FY'23 Q4'22 Q4'23 FY'22 FY'23 Q4'22 Q4
Slide 12: Q4 and FY Consolidated Profit & Loss Statement
Q4 and FY 23 Consolidated Profit & Loss Statement Particulars Q4 FY23 Q4 FY22 Y-o-Y FY 23 FY 22 Y-o-Y Net Sales 1,791 1,548 16% 6,870 5,394 27% Less: Material Cost 1,226 1,086 13% 4,680 3,702 26% Material Margin 565 462 22% 2,189 1,692 29% as a % of Net Sales 31.5% 29.9% 31.9% 31.4% EBIDTA 211 229 -
Slide 13: Key focus areas
Key focus areas Fans – Expanding range in star rated induction and BLDC Fans along with strengthening the manufacturing capability; Work in 1 progress to further reduce the BEE cost increase Pumps – Successfully completed brand architecture definition for Mini Pumps, ATL and BTL spends planned to in
Slide 14: Key Milestones and Achievements for the year
Crompton Key Milestones and Achievements for the year 1 2 3 4 Butterfly Acquisition Launch of Built-in Successful BEE Stepped up Brand and Integration kitchen appliances Transition Investments ▪ First full year of Butterfly ▪ Launch of comprehensive ▪ Smooth transition of ▪ Significantly step up in
Slide 15: Key Awards & Accolades during the year
Crompton Key Awards & Accolades during the year IDMA (Indian Digital Crompton won the coveted Crompton won two Crompton was awarded Crompton is amongst the Media Awards) awarded title of 'India’s Best exchange4media Prime under “Dun & Bradstreet only ten companies to be Crompton’s search Managed Com
Slide 16: Resilience and Adoptability through ESG
Resilience and Adoptability through ESG Prioritising Environment Impact Prioritising Social Responsibility Prioritising Strong Governance Practices ▪ Innovation focuses on producing energy- ▪ CSR initiatives around entrepreneurship and ▪ Included ESG-related risks as a part of efficient products, re
Slide 17: Registered Office
Registered Office: Crompton Greaves Consumer Electricals Limited, Equinox Business Park, 1st Floor, Tower 3, LBS Marg, Kurla (W), Mumbai - 400070, Maharashtra, India +91 22 6167 8499 For any query, please write us at: crompton.investorrelations@crompton.co.in Connect with us on www.crompton.co.in
Slide 18: Independent Auditor's Report on Consolidated Results
MSKA & Associates Chartered Accountants HO 602, Floor 6, Raheja Titanium Western Express Highway, Geetanjali Railway Colony, Ram Nagar, Goregaon {E) Mumbai 400063, INDIA Tel: +91 22 6238 0519 Independent Auditor’s Report on Consolidated Audited Annual Financial Results of the Group pursuant to the R
Slide 19: Auditor's Report (continued)
MSKA & Associates Chartered Accountants have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence obtained by us and other auditors in terms of their reports referred to in “Other Matters” paragraph below, is su
Slide 20: Auditor's Report (continued)
MSKA & Associates Chartered Accountants As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also: ; e Identify and assess the risks of material misstatement of the Statement, whether due to fraud or error, design
Slide 21: Auditor's Report (continued)
MSKA & Associates Chartered Accountants We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our-indep
Slide 22: Statement of Consolidated Financial Results
Crompton Crompton Greaves Consumer Electricals Limited Registered & Corporate Office: Tower 3, 1% Floor, East Wing, Equinox Business Park, LBS Marg, Kurla (West), Mumbai - 400 070.India T: +91 22 6167 8499 F: +91 22 6167 8383 W: www.crompton.co.in CIN: L31900MH2015PLC262254 TS FOR THE QUARTER AND YE
Slide 23: Consolidated Segment-wise Revenue, Results, Assets and Liabilities
Crompton Crompton Greaves Consumer Electricals Limited Registered & Corporate Office: Tower 3, 1° Floor, East Wing, Equinox Business Park, LBS Marg, Kurla (West), Mumbai - 400 070.India T: +91 22 6167 8499 _F: +91 22 6167 8383 W: www.crompton.co.in CIN: L31900MH2015PLC262254 CONSOLIDATED SEGMENT-WIS
Slide 24: Consolidated Statement of Assets and Liabilities
Crompton Greaves Consumer Electricals Limited Registered & Corporate Office: Tower 3, 1st Floor, East Wing, Equinox Business Park, LBS Marg, Kurla (West), Mumbai - 400 070.India T: +91 22 6167 8499 F: +91 22 6167 8383 W: www.crompton.co.in CIN: L31900MH2015PLC262254 CONSOLIDATED STATEMENT OF ASSETS
Slide 25: Consolidated Statement of Cash Flows
Crompton Crompton Greaves Consumer Electricals Limited Registered & Corporate Office: Tower 3, 1% Floor, East Wing, Equinox Business Park, LBS Marg, Kurla (West), Mumbai - 400 070.India T: +91 22 6167 8499 F: +91 22 6167 8383 W: www.crompton.co.in CIN: L31900MH2015PLC262254 CONSOLIDATED STATEMENT OF
Slide 26: Notes on Consolidated financial results
Crompton Crompton Greaves Consumer Electricals Limited Registered & Corporate Office: Tower 3, 1* Floor, East Wing, Equinox Business Park, LBS Marg, Kurla (West), Mumbai - 400 070.India T: +91 22 6167 8499 _F: +91 22 6167 8383 W: www.crompton.co.in CIN: L31900MH2015PLC262254 Notes on Consolidated fi
Slide 27: Additional disclosures as per Clause 52(4)
Crompton Crompton Greaves Consumer Electricals Limited Registered & Corporate Office: Tower 3, 1% Floor, East Wing, Equinox Business Park, LBS Marg, Kurla (West), Mumbai - 400 070.India T: +91 22 6167 8499 F: +91 22 6167 8383 W: www.crompton.co.in CIN: L34900MH2015PLC262254 7) Additional disclosures
Slide 28: Independent Auditor's Report on Standalone Results
HO Q 602, Floor 6, Raheja Titanium M S KA & ASSOCi ates Western Express Highway, Geetanjali Chartered Accountants Railway Colony, Ram Nagar, Goregaon (E) Mumbai 400063, INDIA Tel: +91 22 6238 0519 Independent Auditor’s Report on Standalone Audited Annual Financial Results of the Company pursuant to
Slide 29: Auditor's Report (continued)
MSKA & Associates Chartered Accountants information in accordance with the recognition and measurement principles laid down in accordance with the Indian Accounting Standards prescribed under Section 133 of the Act read with Companies (Indian Accounting Standards) Rules, 2015, as amended issued ther
Slide 30: Auditor's Report (continued)
MSKA & Associates Chartered Accountants e Conclude on the appropriateness of the Board of Directors’ use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the ab
Slide 31: Statement of Standalone Financial Results
STATEMENT OF STANDALONE FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED 31ST MARCH, 2023 Crompton Crompton Greaves Consumer Electricals Limited Registered & Corporate Office: Tower 3, 1% Floor, East Wing, Equinox Business Park, LBS Marg, Kurla (West), Mumbai - 400 070.India T: +91 22 6167 8499 F: +
Slide 32: Standalone Segment-wise Revenue, Results, Assets and Liabilities
Crompton Crompton Greaves Consumer Electricals Limited Registered & Corporate Office: Tower 3, 1° Floor, East Wing, Equinox Business Park, LBS Marg, Kurla (West), Mumbai - 400 070.India T: +91 22 6167 8499 F: +91 22 6167 8383 W: www.crompton.co.in CIN: L31900MH2015PLC262254 STANDALONE SEGMENT-WISE R
Slide 33: Standalone Statement of Assets and Liabilities
Crompton Crompton Greaves Consumer Electricals Limited Registered & Corporate Office: Tower 3, 1% Floor, East Wing, Equinox Business Park, LBS Marg, Kurla (West), Mumbai - 400 070.India T: +91 22 6167 8499 F: +91 22 6167 8383 W: www.crompton.co.in CIN: L31900MH2015PLC262254 STANDALONE STATEMENT OF A
Slide 34: Standalone Statement of Cash Flows
Crompton Crompton Greaves Consumer Electricals Limited Registered & Corporate Office: Tower 3, 1% Floor, East Wing, Equinox Business Park, LBS Marg, Kurla (West), Mumbai - 400 070.India T: +91 22 6167 8499 F: +91 22 6167 8383 W: www.crompton.co.in CIN: L31900MH2015PLC262254 STANDALONE STATEMENT OF C
Slide 35: Notes on Standalone financial results
Crompton Crompton Greaves Consumer Electricals Limited Registered & Corporate Office: Tower 3, 1% Floor, East Wing, Equinox Business Park, LBS Marg, Kurla (West), Mumbai - 400 070.India T: +91 22 6167 8499 F: +91 22 6167 8383 W: www.crompton.co.in CIN: L31900MH2015PLC262254 Notes on Standalone finan
Slide 36: Additional disclosures as per Clause 52(4)
Crompton Crompton Greaves Consumer Electricals Limited Registered & Corporate Office: Tower 3, 1° Floor, East Wing, Equinox Business Park, LBS Marg, Kurla (West), Mumbai - 400 070.India T: +91 22 6167 8499 F: +91 22 6167 8383 W: www.crompton.co.in CIN: L31900MH2015PLC262254 7) Additional disclosures
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