Apollo Pipes Ltd. · NSE:APOLLOPIPE
Apollo Pipes — Q1 FY2023 Earnings Presentation
32 slides from Apollo Pipes's earnings presentation, July 2022
Slide 1: Apollo Pipes Ltd. Q1FY23 Earnings Presentation
APOLLO PIPES LTD. Q1FY23 EARNINGS PRESENTATION July, 2022 www.apollopipes.com
Slide 2: Safe Harbour
Safe Harbour E xcept for the historical information contai ned herein, statements in this presentation and the subsequent discussions, whi ch incl ude w ords or phrases such as "will", "aim", "will likely result", "would", "believe", "may", "expect", "wi ll conti nue", "anti ci pate", "estimate", "i
Slide 3: Table of Content
TABLE OF CONTENT 4 Future Outlook 5 5 Year Financial Highlights 6 Q1FY23 Highlights www.apollopipes.com
Slide 4: Company Overview
COMPANY OVERVIEW www.apollopipes.com
Slide 5: Apollo Pipes at a Glance
APOLLO PIPES AT A GLANCE Among the Top 10 1,25,200 MTPA 5 600+ leading PVC pipe Manufacturing Plants Channel Partners manufactures in India Capacity 1500+ 13% 27% 26% 5-year Sales 5-year Revenue 5-year Net SKU’s Volume CAGR Profit CAGR CAGR www.apollopipes.com CAGR period (FY17-22)
Slide 6: Q1FY23 at a Glance
Q1FY23 AT A GLANCE ` 14,406 MT Rs. 218.9Cr. Rs. 20.0Cr. 9.2% EBITDA EBITDA Margin Sales Volume Revenue 15% YoY increase 352bps YoY decrease 38% YoY increase 59% YoY increase ` Rs. 8.8 Cr. Rs. 15.2Cr. 14.9% 12.2% PAT Cash Profit Q1FY23 ROE 1% YoY increase Q1FY23 ROCE 5% YoY increase FY22 was 16.5% FY
Slide 7: Presence Across Sectors
PRESENCE ACROSS SECTORS Apollo Pipes - Key Focus Area www.apollopipes.com
Slide 8: Product Portfolio
PRODUCT PORTFOLIO Diversified Basket of 1,500+ Products uPVC Piping System PPR-C Plumbing System CPVC Piping System uPVC Pipes & Fittings | uPVC Column Pipes | S W R Drainage Pipes | uPVC P P R - C Pipes & Fittings C P V C Pipes & Fittings Pressure Pipes Well Casing Pipes | Underground Drainage Pipes
Slide 9: Success Milestone
SUCCESS MILESTONE 2020-21 • Concluded the strategic acquisition of Kisan Mouldings’ manufacturing unit in Bengaluru • Successful listing of Company’s shares on NSE • Started Manufacturing Water tank, Solvent, Bath Fittings and faucets 2019 2021-22 • Concluded promoter • Commissioned the Raipur infus
Slide 10: Tiger Shroff Appointed as Brand Ambassador
Tiger Shroff Appointed as Brand Ambassador Social Media campaign launched in Q3FY22 continue to garner good response 8.9 Million Views On Tiger Shroff’s : Water Tank 4.2 Million Views Water Tank: 3 Million Views (On Apollo Platform) 9.2 Million Views Pipes: 1 Million Views 13.4 Million Views Pipes 3
Slide 11: Raveena Tandon Appointed as Brand Ambassador
Raveena Tandon Appointed as Brand Ambassador Social Media campaign launched in Q3FY22 continue to garner good response 6.8 Million Followers Bath Fitting (On Raveena’s 8.5 Million Followers Platform) Digital Campaign, Packaging promotions etc. #Amazing Everyday
Slide 12: Our Environment, Social, Governance and Safety Policy
Our Environment, Social, Governance and Safety Policy www.apollopipes.com
Slide 13: Growth Levers
GROWTH LEVERS www.apollopipes.com
Slide 14: Key Business Strength
Key Business Strength Catering to multiple sectors – Expanding footprint in India Agriculture, W ater Management, Infrastructure Proven expertise in Strong and highly experienced complex projects Management Team Advanced equipment & Multiple and efficient product technology – cost efficient offerings – 1
Slide 15: Strengthening distribution network across India
Strengthening distribution network across India to Augment presence and improve market penetration Sikandrabad Enjoys a (Manufacturing Unit) dominant and leading presence in North India Extensive distribution network significantly reduces delivery time to 4 8 hours Tapping newer (from 10-12 markets
Slide 16: Diversified Product Portfolio with total offerings at 1,500+
Diversified Product Portfolio with total offerings at 1,500+, Aiming to achieve 2,500+ products to the basket • Range of products manufactured at the technologically-advanced manufacturing facility at Dadri & Sikandrabad at U.P., Ahm e d ab ad a t Guj a rat & Tum k ur ( Ba ng lore) a t Ka r n ata ka
Slide 17: Capacity Expansion to aid long-term growth plan
Capacity Expansion to aid long-term growth plan Available Capacity 1,25,200MTPA Ahmedabad, Bengaluru and Raipur line for the value added products at new locations www.apollopipes.com
Slide 18: Macro Growth Drivers
MACRO GROWTH DRIVERS www.apollopipes.com
Slide 19: PVC Pipe Industry
PVC Pipe Industry The Indian PVC pipes and fittings market expected to register 15% CAGR during FY22 - FY26 • The domestic plastic pipes industry size at ~ ₹ 340Bn • Organized players account for ~60% market share • Key features of plastic pipes against other pipes - Lightweight - Ease of transportat
Slide 20: At the Forefront of multiple sector trends
At the Forefront of multiple sector trends Urban Infrastructure & Construction Water Management Agriculture Focus • Infrastructure push - plumbing • Rehabilitation of aging pipelines • Improving irrigation schemes for and distribution requirements and installation of new pipes in farmers • Water Man
Slide 21: Future Outlook
FUTURE OUTLOOK www.apollopipes.com
Slide 22: Focus Areas for FY22-23
Focus Areas for FY22-23 Strengthen Undertake a Register solid Penetrate and Improve Undertake foothold in phase-wise growth in establish utilization at various brand existing capacity sales – footprint into the existing building markets of expansion at the targeting neighbori ng manufacturing exerci
Slide 23: Operational & Financial Highlights
OPERATIONAL & FINANCIAL HIGHLIGHTS www.apollopipes.com
Slide 24: Financial Trend
Financial Trend FY22 ( 5 Y r . C A G R - 13%) ( 5 Y r . C A G R - 27% ) Volume (Tons) Revenue (Rs. Cr) 53,849 44,692 47,333 784 39,823 33,707 28,941 518 362 408 241 284 FY17 FY18 FY19 FY20 FY21 FY22 FY17 FY18 FY19 FY20 FY21 FY22 ( 5 Y r . C A G R - 25%) 93 ( 5 Y r . C A G R - 26%) 100 16% EBITDA (Rs
Slide 25: Financial Trend
Financial Trend FY22 Op. Cashflow (Rs. Cr) Net Working Capital (Days) 63 58 58 96 50 49 48 36 24 26 21 12 FY17 FY18 FY19 FY20 FY21 FY22 FY17 FY18 FY19 FY20 FY21 FY22 ROE (%) ROCE** (%) Net Debt* (Rs.Cr) 34 24.5 20 21.5 18.8 15.9 16.5 14.6 13.9 13.5 11.9 13.2 10.611.7 FY17 FY18 FY19 FY20 FY21 FY22 -1
Slide 26: Quarterly Performance
Quarterly Performance Q1FY23 Revenue (Rs. Cr) EBITDA (Rs. Cr) 247.5 28.4 218.9 27.0 26.0 208.2 190.8 21.6 174.2 20.0 137.6 17.4 Q4 FY21 Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22 Q1 FY23 Q4 FY21 Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22 Q1 FY23 EBITDA Margin (%) PAT (Rs. Cr) 15.5% 16.6 15.6 12.7% 12.5% 14.1 11.3% 11.5%
Slide 27: Abridged P&L Statement
Abridged P&L Statement Q-o-Q Particulars Q1 FY23 Q4 FY22 Q1 FY22 Y-o-Y Shift FY22 FY21 Y-o-Y Shift Shift Net Revenue from Operations 218.9 247.5 137.6 59% -12% 784.1 518.1 51% Total Expenditure 198.9 219.1 120.2 65% -9% 690.7 443.8 56% Raw Material expenses 165.5 182.7 98.6 68% -9% 573.2 361.8 58% E
Slide 28: Abridged Balance Sheet and Cash Flow Statement
Abridged Balance Sheet and Cash Flow Statement Balance Sheet - Assets (Rs Cr) FY22 FY21 Cash Flow Statement (Rs Cr) FY22 FY21 Cash & Bank Balance 42.0 72.5 EBITDA 93.4 74.2 Receivables 70.5 62.7 Changes in Accounts receivables -7.8 -3.3 Inventories 131.6 78.2 Changes in Inventory -53.4 4.2 Other cur
Slide 29: Conclusion
CONCLUSION www.apollopipes.com
Slide 30: Key Takeaways
Key Takeaways Increased market presence Target to achieve and improving 25%+ revenue distributor network growth C A G R over to address demand next three years across Leveraging ‘APL Value-added pan-India Apol l o’ brand Avai l abl e product categories reach and recall Capaci ty of to provide impetu
Slide 31: About Us
About Us Apol l o Pipes (BSE: 531761; NSE: APOLLOPIPE ) , is amon g the top 10 leading pi pi ng sol ution provi di ng Comp a ny in India. Headquartered in Delhi, the Comp an y enjoys strong brand equity in the domesti c markets. Wi th more than 3 d e c ad e s of e xp eri e nc e i n the Indi an Pi p
Slide 32: Thank You
THANK YOU www.apollopipes.com