Hpl Electric & Power Limited · NSE:HPL
Hpl Electric & Power — Q3 FY2017 Earnings Presentation
27 slides from Hpl Electric & Power's earnings presentation, February 2017
Slide 1: Exchange filing: Earnings Presentation disclosure
HPL Electric & Power Ltd. Regd. & Corp. Office : 1/21, Asaf Ali Road, New Delhi-110002 Ph.: +91-11-23234411 Fax : +91-11-23232639 E-mail : hpI@hplindia.com Website : www.hplindia.com CIN No. : U74899DL1992PLC048945 Date: February 6, 2017 BSE Limited, National Stock Exchange of India Limited, P.J. To
Slide 2: Q3 & 9M FY17 Results Update
THE POWER OF TECHNOLOGY HPL ELECTRIC & POWER LIMITED Q3 & 9M FY17 RESULTS UPDATE FEBRUARY 2017
Slide 3: Disclaimer
DISCLAIMER This presentation and the following discussion may contain “forward looking statements” by HPL Electric & Power Limited (“HPL” or the Company) that are not historical in nature. These forward looking statements, which may include statements relating to future results of operations, financ
Slide 4: Quarterly Update, Company Overview, Strategy, Financial Overview
QUARTERLY COMPANY BUSINESS STRATEGY FINANCIAL OVERVIEW UPDATE OVERVIEW & OUTLOOK & SHAREHOLDING STRUCTURE 3
Slide 5: Q3 FY17 QoQ Analysis
Q3 & 9M FY17 RESULT ANALYSIS Q3 FY17 QoQ ANALYSIS In Rs Crore REVENUES EBITDA & EBITDA MARGIN PAT & PAT MARGIN 14.1% 13.1% 4.2% 213.9 227.5 1.9% 30.2 29.9 9.6 4.0 Q2 FY17 Q3 FY17 Q2 FY17 Q3 FY17 Q2 FY17 Q3 FY17 Revenues EBITDA EBITDA Margin % PAT PAT Margin % • Q3 FY17 revenues grew by 6.3% QoQ driv
Slide 6: Q3 FY17 QoQ Revenue Analysis
Q3 & 9M FY17 RESULT ANALYSIS Q3 FY17 QoQ ANALYSIS In Rs Crore REVENUE ANALYSIS • Metering segment witnessed revival on QoQ basis with 227.5 % Share Q2 FY17 Q3 FY17 renewed traction in metering tenders from utilities 213.9 1.1 1.0 Metering 46.8% 50.8% 31.1 29.0 • Meter orders pending from utilities w
Slide 7: Q3 & 9M YoY Analysis
Q3 & 9M FY17 RESULT ANALYSIS Q3 & 9M YoY ANALYSIS Q3 FY17 YoY Analysis In Rs Crore REVENUES EBITDA & EBITDA MARGIN PAT & PAT MARGIN 274.8 14.0% 13.1% 3.3% 4.2% 227.5 38.4 29.9 9.1 9.6 Q3 FY16 Q3 FY17 Q3 FY16 Q3 FY17 Q3 FY16 Q3 FY17 Revenues EBITDA EBITDA Margin % PAT PAT Margin % 9M FY17 YoY Analysi
Slide 8: Q3 & 9M YoY Revenue and EBIT Margin Analysis
Q3 & 9M FY17 RESULT ANALYSIS Q3 & 9M YoY ANALYSIS Q3 FY17 YoY Analysis 9M FY17 YoY Analysis In Rs Crore REVENUE ANALYSIS REVENUE ANALYSIS 274.8 864.7 1.5 % Share Q3 FY16 Q3 FY17 2.9 % Share 9M FY16 9M FY17 34.7 227.5 113.5 685.7 1.0 Metering 53.3% 50.9% Metering 48.9% 48.6% 55.8 31.1 192.6 2.1 93.7
Slide 9: Key Developments
Q3 & 9M FY17 RESULT ANALYSIS Q3 & 9M YoY ANALYSIS KEY DEVELOPMENTS • Metering sales declined on YoY basis due to lower take-off of metering orders by utilities • Strong order book of Rs 342.2 cr as on 31st December 2016 • Metering orders of Rs 227.5 cr • Switchgear sales grew by 8% despite of demone
Slide 10: Consolidated Profit & Loss Statement
Q3 & 9M FY17 RESULT ANALYSIS CONSOLIDATED PROFIT & LOSS STATEMENT Particulars (In Rs Cr) Q3 FY17 Q2 FY17 QoQ % Q3 FY16 YoY % 9M FY17 9M FY16 YoY % Revenue from Operations 227.5 213.9 6.3% 274.8 -17.2% 685.7 864.7 -20.7% COGS 148.0 137.2 7.9% 174.7 -15.3% 442.1 573.4 -22.9% Gross Profit 79.5 76.7 3.6
Slide 11: Quarterly Update, Company Overview, Strategy, Financial Overview
QUARTERLY COMPANY BUSINESS STRATEGY FINANCIAL OVERVIEW UPDATE OVERVIEW & OUTLOOK & SHAREHOLDING STRUCTURE 10
Slide 12: Company Overview: Brief Profile
COMPANY OVERVIEW BRIEF PROFILE • HPL is an established electric equipment manufacturer in India - market leader in electricity energy meters (20% mkt. share) & on-load change-over switches (50% mkt. share), 5th largest LED manufacturer, 5% mkt. share in LV switchgears BUSINESS • 40+ year old establi
Slide 13: Wide-Ranging Product Portfolio
COMPANY OVERVIEW WIDE-RANGING PRODUCT PORTFOLIO Metering Solutions Switchgears Lighting Equipment Wires and Cables HT Meter Industrial Applications Consumer LED Products Fire Resistant ACB MCCB Changeover Switch Aries LED LED Glow 9W Cables Multi Function Meter Co-axial Cables Domestic Applications
Slide 14: Increasing Business Diversification
COMPANY OVERVIEW INCREASING BUSINESS DIVERSIFICATION In Rs Crore Select Products: 50% 56% 49% 54% 47% 48% 43% 40% 47% 51% • Prepayment meters • Net metering solutions 527 503 580 METERING 391 490 • Transformer metering solutions with remote SOLUTIONS 77 90 78 72 103 communication facilities • 1 phas
Slide 15: Strong R&D Thrust – Continuous Technology Upgradation
COMPANY OVERVIEW STRONG R&D THRUST – CONTINUOUS TECHNOLOGY UPGRADATION FOCUS ON CONTINUOUS R&D TO LAUNCH AND MARKET EXCITING NEW INNOVATIVE PRODUCTS LOADED WITH IMPROVED FEATURES, ENERGY EFFICIENCY, AUTOMATION AND COMMUNICATION LAUNCH OF INNOVATIVE PRODUCTS & ROBUST NEW PRODUCT PIPELINE: MOVING FROM
Slide 16: State of Art Manufacturing Facilities
COMPANY OVERVIEW STATE OF ART MANUFACTURING FACILITIES 7 ROBUST MANUFACTURING FACILITIES ACROSS NORTH INDIA • State of art manufacturing capabilities including design and product development, component designing, tool making and commercial production • Capabilities to manufacture customized products
Slide 17: Manufacturing Facilities: Gurgaon and Jabli
COMPANY OVERVIEW STATE OF ART MANUFACTURING FACILITIES GURGAON JABLI Facility I: • Products: MCBs, distribution boards and panels, MCB isolators, MCB changeover switches, earth leakage circuit breaker and switches, energy Gurgaon Facility I: meters and parts of lighting equipment • Products: Electro
Slide 18: Manufacturing Facilities: Kundli, Sonepat, Gharaunda
COMPANY OVERVIEW STATE OF ART MANUFACTURING FACILITIES KUNDLI SONEPAT GHARAUNDA Kundli • Products: Switchgears and parts of • Products: Lighting equipment • Products: Wires and Cables electronic energy meters and parts of • Capacity: 26 Million Units • Capacity: 194.4 Mn meters lighting equipment •
Slide 19: Established Pan-India Distribution Network & Brand Presence
COMPANY OVERVIEW ESTABLISHED PAN-INDIA DISTRIBUTION NETWORK & BRAND PRESENCE ESTABLISHED PAN-INDIA DISTRIBUTION NETWORK & BRAND PRESENCE TO CAPTURE SIGNIFICANT GROWTH POTENTIAL IN ELECTRICAL EQUIPMENT INDUSTRY LED Campaign BTL Marketing Head Office 90+ Branch Offices Branch Office 21 Warehouses acro
Slide 20: Extensive Experience, Established Relationships, Pre-Qualification Credentials
COMPANY OVERVIEW EXTENSIVE EXPERIENCE, ESTABLISHED RELATIONSHIPS, STRONG PRE-QUALIFICATION CREDENTIALS STRONG EXECUTION, ESTABLISHED RELATIONSHIPS AND STRONG PRE-QUALIFICATION CREDENTIALS MAKE HPL A PREFERRED SUPPLIER OF THE SPECIALISED ELECTRICAL EQUIPMENTS EXTENSIVE EXPERIENCE ESTABLISHED RELATION
Slide 21: Quarterly Update, Company Overview, Strategy, Financial Overview
QUARTERLY COMPANY BUSINESS STRATEGY FINANCIAL OVERVIEW UPDATE OVERVIEW & OUTLOOK & SHAREHOLDING STRUCTURE 20
Slide 22: Business Strategy & Outlook: Key Focus Areas
BUSINESS STRATEGY & OUTLOOK KEY FOCUS AREAS EXPAND PRODUCT RANGE • Utilise existing capacity to double the revenues over next 4-5 years • Leverage R&D capabilities to develop high margin LED lighting equipments ROBUST REVENUE GROWTH • Focus on value-added products – specialty wires, smart meters, pr
Slide 23: Industry Outlook – Positive Regulatory Policies
BUSINESS STRATEGY & OUTLOOK INDUSTRY OUTLOOK – POSITIVE REGULATORY POLICIES THE ELECTRIC EQUIPMENT INDUSTRY IS EXPECTED TO GROW AT A CAGR OF 8% - 12% OVER 2016 – 2020 HPL CAN EFFECTIVELY LEVERAGE ITS STRONG R&D & MANUFACTURING CAPABILITIES AND LONG STANDING RELATIONSHIPS WITH GOVERNMENT AGENCIES, PO
Slide 24: Quarterly Update, Company Overview, Strategy, Financial Overview
QUARTERLY COMPANY BUSINESS STRATEGY FINANCIAL OVERVIEW UPDATE OVERVIEW & OUTLOOK & SHAREHOLDING STRUCTURE 23
Slide 25: Financial Summary
FINANCIAL SUMMARY In Rs Crore REVENUES EBITDA & EBITDA MARGIN PAT & PAT MARGIN CAGR: 12 % CAGR: 14 % CAGR: 7 % 1,116 12.1% 12.0% 12.6% 3.9% 3.4% 2.8% 3.3% 3.3% 1,011 1,047 10.4% 911 11.5% 721 31 35 37 110 105 125 141 28 28 83 FY12 FY13 FY14 FY15 FY16 FY12 FY13 FY14 FY15 FY16 FY12 FY13 FY14 FY15 FY16
Slide 26: Shareholding Structure
SHAREHOLDING STRUCTURE SHARE PRICE PERFORMANCE MARKET DATA (BSE) AS ON 3RD FEBRUARY 2017 Market Capitalization (Rs Cr) 735.3 200 Price (Rs) 114.4 175 150 No. of Shares Outstanding (Cr) 6.4 125 Face Value (Rs) 10.0 100 75 52 Week High-Low (Rs) 198.0-74.2 Oct-16 Nov-16 Dec-16 Jan-17 SHAREHOLDING – 31S
Slide 27: Contact details
Mr. Vinod Ratan Gupta Mr. Nilesh Dalvi / Mr. Arun Prakash CFO IR Consultant Email: vrgupta@hplindia.com Email: nilesh.dalvi@dickensonir.com / arun.prakash@dickensonir.com Contact no: +91 11 23234411 Contact no: +91 9819289131 / 7506933892 26
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