Pidilite Industries Limited · NSE:PIDILITIND
Pidilite Industries — Q1 FY2019 Earnings Presentation
29 slides from Pidilite Industries's earnings presentation, Aug 4, 2018
Slide 1: Investor Update cover letter to stock exchanges
411 Pidilite 2'4 August, 2018 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 — 5
Slide 2: Pidilite Industries Limited Investor Update Quarter ended June 2018
• ......m...,,.. Pidilite OuIlding bonds Pidilite Industries Limited Investor Update Quarter ended June 2018 Coverage Financial Highlights Business segment wise Overseas subsidiaries performance Domestic subsidiaries performance Financial Results Investor Communication This investor update
Slide 3: Business Segment Wise – Standalone (On a comparable basis)
Business Segment Wise – Standalone (On a comparable basis) Rs Crores Sr. Quarter ended Particulars No June'18 June'17 % Changes 1 Segment Net Sales a) Consumer & Bazaar Products 1,353.1 1,099.7 23.0% b) Industrial Products 223.3 200.3 11.5% c) Others 16.0 14.3 11.8% Total 1,592.4 1,314.4 21.2% Less
Slide 4: Overseas subsidiaries performance
Overseas subsidiaries performance The Company has 17 overseas subsidiaries (5 direct and 12 step-down) and one joint venture including those having manufacturing and selling operations in USA, Brazil, Thailand, Dubai, Egypt, Sri Lanka and Bangladesh. The performance of the following major geogra
Slide 5: Overseas subsidiaries commentary: Thailand, Sri Lanka, MEA
Pidilite Bamco Ltd and Bamco Supply and Services, subsidiaries in Thailand, reported sales growth of 7.7% driven by higher project and retail sales. Pidilite Lanka continued to grow strongly, with sales growth of 33.2%. However, EBITDA has declined on account of higher material cost and investme
Slide 6: Domestic subsidiaries performance
Domestic subsidiaries performance The subsidiaries include 9 domestic subsidiaries and 2 partnership firms. The performance of major subsidiaries is detailed below. These are like for like actual reported numbers and exclude consolidation impact. Quarter Ended Sales - Rs Cr June’18 June’17 % Cha
Slide 7: Statement of Standalone Unaudited Financial Results for Quarter Ended 30.06.2018
STATEMENT OF STANDALONE UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 30.06.2018 Rs Crores For the Year Sr. For the Quarter ended Particulars ended No. 30.06.2018 31.03.2018 30.06.2017 31.03.2018 Unaudited Audited Unaudited Audited 1 Total Income a) Revenue from Operations 1608.31 1273.63 1486.3
Slide 8: Standalone Unaudited Segment Information for Quarter Ended 30.06.2018
---- 2 ---- STANDALONE UNAUDITED SEGMENT INFORMATION FOR THE QUARTER ENDED 30.06.2018 Rs Crores For the For the Quarter ended Sr. Particulars Year ended No. 30.06.2018 31.03.2018 30.06.2017 31.03.2018 Unaudited Audited Unaudited Audited 1 Segment Revenue a) Consumer & Bazaar Products 1368.31 1015.91
Slide 9: Notes to the Standalone Financial Results
---- 3 ---- Notes to the Standalone Financial Results: 1. The above results have been reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on 1st August 2018. 2. The Company has opted to publish Standalone as well as Consolidated Financial Results. The Statuto
Slide 10: Statement of Consolidated Unaudited Financial Results for Quarter Ended 30.06.2018
STATEMENT OF CONSOLIDATED UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 30.06.2018 Rs Crores For the Year Sr. For the Quarter ended Particulars ended No. 30.06.2018 31.03.2018 30.06.2017 31.03.2018 Unaudited Audited Unaudited Audited 1 Total Income a) Revenue from Operations 1834.07 1485.31 1669
Slide 11: Consolidated Unaudited Segment Information for Quarter Ended 30.06.2018
---- 2 ---- CONSOLIDATED UNAUDITED SEGMENT INFORMATION FOR THE QUARTER ENDED 30.06.2018 Rs Crores For the For the Quarter ended Sr. Particulars Year ended No. 30.06.2018 31.03.2018 30.06.2017 31.03.2018 Unaudited Audited Unaudited Audited 1 Segment Revenue a) Consumer & Bazaar Products 1594.07 1227.
Slide 12: Notes to the Consolidated Financial Results
---- 3 ---- Notes to the Consolidated Financial Results: 1. The above results have been reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on 1st August 2018. 2. The Company has opted to publish Standalone as well as Consolidated Financial Results. The above
Slide 13: Pidilite Industries Ltd. Q1FY19 Earnings Presentation
Pidilite Pidilite Industries Industries Ltd. Ltd. Q1FY19 Q1FY19 Earnings Earnings Presentation Presentation
Slide 14: Disclaimer
Disclaimer ,I,lowniming, Pidilite 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 th
Slide 15: Financial Highlights
Financial Highlights Financial Highlights
Slide 16: Q1FY19 Earnings Summary
Q1FY19 Q1FY19 Earnings Summary Earnings Summary ## On On Comparable Comparable basis basis after after reflecting reflecting accounting accounting impact impact of GST of GST ** Net Sales is Net Sales is excluding Cyclo excluding Cyclo Pidilite Pidilite Industries Industries Limited Limited ** ** EB
Slide 17: Comments on Financial Performance
Comments on Financial Performance ,I,lowniming, Pidilite Standalone • Net Sales grew by 21.2% in Q1. • EBITDA, before non-operating income, at Rs 359 Cr grew by 17.3% in Q1. Consolidated • Net Sales grew by 23.0% (excluding sales of Cyclo division of Pidilite USA Inc., which was sold by Pidilite USA
Slide 18: Q1FY19 Overseas Performance
Q1FY19 Overseas Performance Aigoomma Pidilite 40 Sales (in INR Crores) 33.1 27.0 26.4 22.4 21.9 20.7 20 18.4 18.6 12.6 11.7 0I•I 7.3 7.2 7.6 5.4 2.0 2.2 0 I North South Bangaldesh Srilanka Thailand Egypt UAE Others America America Q1, FY 2017-18 Q1, FY 2018-19 8 7.4 6 5.3 5.0 4 3.0 2 1.5 0.5 0.8 0.1
Slide 19: Company Overview
Company Overview Company Overview
Slide 20: Company Overview
Company Overview A osioni Pidilite . Brand established in 1959. 8 Regional offices with 23 plants and Pioneer in Consumer and 23 co-makers in India Specialty Chemicals • International manufacturing facilities in USA, Thailand, Dubai, Adhesives & sealants, Brazil, Egypt, Singapore, Bangladesh constru
Slide 21: Industry Segment Composition as on March 2018
Industry Segment Composition as on March 2018,40mmits, Pidilite Industrial Resins (5%) Pigment & Preparation (6%) \• */ .-Others (1%) Industrial Adhesives (4%) Art/Craft Materials & Others [9%} IP • .II A / 15% N C&B 84% Construction/ • Paint Chemicals (2 0 °A) Adhesives & • Sealants (55%) C&B - Con
Slide 22: 5-Year Performance by Business Segments
5-Year Performance by Business Segments ,0•Iimilmt.,, Pidilite Numbers represent Percentage of Total Sales Consumer and Bazaar Products Industrial Products IP includes Others also 85% 20% 19% 84% 84% 84% 18% 18% 17% 83% 83% 16% 16% 16% 82% 82% 81% 14% 81% 12% 80% 79% 10% 2013-14 2014-15 2015-16 2016
Slide 23: Domestic Presence – India operations
Domestic Presence – India operations Aosimma,, Pidilite • 5200+ SKUs of 500 products • 5,046 distributors • Gross Turnover (domestic) of Rs. 5,382 Cr • 27 warehouses for FY18 • 8 regional offices & RDCs • plants, Co-makers it 302 11 -15.4 -'Pry Pidilite Industries Limited 11
Slide 24: Global Presence
Global Presence A0000PE Pidilite • Exports to more than 80 countries. Major exports to Middle East, Africa, USA & Europe. • Export Turnover of Rs. 519 Cr in FY18. • Overseas subsidiaries - 5 Direct and 12 Step down. 1 Joint Venture. • Total revenue from Overseas subsidiaries of Rs. 491 Cr in FY18. •
Slide 25: Marketing/ Advertising
Marketing/ Advertising Pidilite • Consistent and effective brand building activities across various categories (a) Consumer Adhesives & Sealants (b) Craftsmen Adhesives (c) Waterproofing Chemicals (d) Hobby & Craft Colours • Several of the brands are well-known in respective categories (Fevicol, Fev
Slide 26: Shareholding Pattern as of June 30, 2018
•■ ■ Shareholding Pattern as of June 30, 2018 11.83% 3.58% Pidilite Industries Limited 14.83% 69.76% Promoters Mutual Funds FPIs Others Pidilite 14
Slide 27: Share Price Movement
Share Price Movement ,0•Iimilmt.,, Pidilite 160 150 140 130 120 110 100 90 80 Jun-17 Jul-17 Aug-17 Sep-17 Oct-17 Nov-17 Dec-17 Jan-18 Feb-18 Mar-18 Apr-18 May-18 Jun-18 Pidilite Sensex Rebased to 100 Pidilite Industries Limited 15
Slide 28: Backed by consistent dividend payouts
Backed by consistent dividend payouts ,0•Iimilmt.,, Pidilite 50% 40% 38.4% 34.1% 34.4% 33.1% 33.8% 30% 20% 10% 0% FY14 FY15 FY16 FY17 FY18 Pidilite Industries Limited 16
Slide 29: Investor Contacts
Investor Contacts ,oilommits..„ Pidilite e Investor Relations - investor.relations@pidilite.co.in Savithri Parekh, Company Secretary Ramkrishna Mandir Road, Off Mathuradas Vasanji Road, Pidilite Andheri (E), Mumbai - 400 059. Phone : +91 22 67697000 CIN : L24100MH1969PLC014336 Fax : +91 22 28216007
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