Hpl Electric & Power Limited · NSE:HPL
Hpl Electric & Power — Q1 FY20 Earnings Presentation
27 slides from Hpl Electric & Power's earnings presentation, Aug 12, 2019
Slide 1: Regulation 30 disclosure letter to stock exchanges
12th August, 2019 The Manager, BSE Limited Listing Department, 25th Floor, New Trading Ring, Rotunda National Stock Exchange of India Ltd. Building, Phiroze Jeejeebhoy Towers, “Exchange Plaza”, C-1, Block G, Dalal Street, Fort, Bandra-Kurla Complex, Bandra (E), Mumbai – 400 001 Mumbai – 400 051 Symb
Slide 2: HPL Electric & Power Limited Q1 FY20 Results Update
THE POWER OF TECHNOLOGY MCCB HPL ELECTRIC & POWER LIMITED Q1 FY20 RESULTS UPDATE AUGUST 2019 HPL ELECTRIC & POWER LIMITED Q1 FY19 RESULTS UPDATE AUGUST 2018 LED BULB 1
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, Shareholding Structure
Quarterly Update Company Overview Shareholding Structure
Slide 5: Quarterly Update
QUARTERLY UPDATE
Slide 6: Q1 FY20: Key Highlights
Q1 FY20: KEY HIGHLIGHTS ▪ Metering business continued to witness double-digit growth on a YoY basis along with improved profitability - backed by efficient execution of orders Robust Growth in Metering and superior product mix Business & Profitability ▪ Revenue: INR 135 crore (+10% YoY), EBIT: INR 1
Slide 7: Q1 FY20 & FY19: YoY Highlights
Q1 FY20 & FY19: YoY HIGHLIGHTS In Rs Crore NET REVENUES & GROSS MARGIN EBITDA & EBITDA MARGIN PAT & PAT MARGIN 34.4% 37.0% 12.2% 10.5% 2.2% 2.0% 260.0 248.2 27.3 30.2 5.6 5.1 -5 % 11 % -10 % Q1 FY19 Q1 FY20 Q1 FY19 Q1 FY20 Q1 FY19 Q1 FY20 NET REVENUES* & GROSS MARGIN EBITDA & EBITDA MARGIN PAT & PAT
Slide 8: Q1 FY20: YoY Segment Analysis & Business Outlook
Q1 FY20: YoY SEGMENT ANALYSIS & BUSINESS OUTLOOK In Rs Crore SEGMENT REVENUE AND EBIT MARGIN • Metering revenues grew by 10% YoY • Timely execution of orders 260.0 248.2 % EBIT Margin Q1 FY19 Q1 FY20 • EBIT Margins expanded on account of higher revenue base coupled with better product mix 40.8 23.0
Slide 9: FY19: YoY Segment Analysis
FY19: YoY SEGMENT ANALYSIS In Rs Crore SEGMENT REVENUE AND EBIT MARGIN 1,158.5 % EBIT Margin FY18 FY19 1,036.3 109.8 132.6 Metering 15.6% 15.1% 211.7 183.8 227.0 Switchgear 18.1% 18.9% 194.5 Lighting 11.6% 11.4% 524.5 609.6 Wires & Cables 6.0% 4.4% FY18 FY19 SEGMENT REVENUE SHARE % FY18 FY19 12.8% 9
Slide 10: Q1 FY20: Revenue Breakup – B2C vs. B2B
Q1 FY20: REVENUE BREAKUP – B2C vs. B2B Q1 FY20 Revenues – Rs 248.2 crore B2C, 49% B2B, 51% B2C includes Non-utility Metering, Switchgear, Lighting and Wires & Cables Segment Revenues B2B includes Metering Revenues from Utilities and EESL 9 9
Slide 11: Robust Order Book & Outlook
ROBUST ORDER BOOK & OUTLOOK ORDER BOOK (Rs CRORE) – NET OF TAXES 575.4 1.4 Order Book Update 519.1 9.9 9.5 508.4 502.7 507.5 • Consolidated order book stood at Rs 508.4 4.5 2.6 4.2 4.8 crore (net of GST) as on 9th August 2019 450.5 11.6 30.3 13.4 26.9 12.3 17.5 9.3 10.0 6.4 • Metering orders of Rs 4
Slide 12: Consolidated Profit & Loss Statement
CONSOLIDATED PROFIT & LOSS STATEMENT Particulars (In Rs. Cr.) Q1 FY20 Q1 FY19 YoY% FY19 FY18 YoY% Net Revenue from Operations (Net of Excise) 248.2 260.0 -4.6% 1,158.5 1,036.3 11.8% COGS 156.2 170.5 -8.4% 759.7 682.7 11.3% Gross Profit 91.9 89.5 2.7% 398.8 353.7 12.8% Gross Margin (%) 37.0% 34.4% 26
Slide 13: Consolidated Balance Sheet
CONSOLIDATED BALANCE SHEET Particulars (In Rs Cr) Mar-19 Mar-18 Particulars (In Rs Cr) Mar-19 Mar-18 Equities & Liabilities Assets Shareholder's Funds 728.5 703.9 Non-Current Assets 519.6 498.7 Equity share capital 64.3 64.3 Property, Plant & Equipment 423.6 402.7 Other Equity 664.2 639.6 Intangible
Slide 14: Marketing Campaigns & Activations
MARKETING CAMPAIGNS & ACTIVATIONS 13
Slide 15: New Product Launches
NEW PRODUCT LAUNCHES New Product Range Launched in the Lighting Segment - “The Seven Wonders” New Product Launched in Switchgears - “TechnoN MCB & DB” 14
Slide 16: Channel Connect and Dealer Meets
CHANNEL CONNECT AND DEALER MEETS 15
Slide 17: Company Overview
Slide 18: Brief Profile
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 established brand with s
Slide 19: Wide-Ranging Product Portfolio
WIDE-RANGING PRODUCT PORTFOLIO Metering Solutions Switchgears Lighting Equipment Wires and Cables Smart Meter Industrial Applications Consumer LED Products ACB MCCB Phase Selector Aries LED LED Glow 9W Fire Resistant Cables Net Meter Domestic Applications Commercial LED Products HPL is the “ONE-STOP
Slide 20: Strong R&D Thrust – Continuous Technology Upgradation
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 Metering Solutions Switchgears Solar Net Meter Solar AC Solar DC Distribution Box Distrib
Slide 21: State of Art Manufacturing Facilities
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: Electronic static energy
Slide 22: State of Art Manufacturing Facilities
STATE OF ART MANUFACTURING FACILITIES KUNDLI GHARAUNDA Facility I: Facility II: • Products: Wires and Cables • Products: Switchgears and parts of electronic • Products: Lighting equipment • Capacity: 194.4 Mn meters energy meters and parts of lighting equipment • Capacity: 26 Million Units • Capacit
Slide 23: Established Pan-India Distribution Network & Brand Presence
ESTABLISHED PAN-INDIA DISTRIBUTION NETWORK & BRAND PRESENCE Head Office Branch Office ESTABLISHED PAN-INDIA DISTRIBUTION NETWORK & BRAND PRESENCE Works TO CAPTURE SIGNIFICANT GROWTH POTENTIAL IN ELECTRICAL EQUIPMENT INDUSTRY 90+ Branch Offices 21 Warehouses across India 900+ Authorized Dealers and 2
Slide 24: Extensive Experience, Established Relationships, Strong Credentials
EXTENSIVE EXPERIENCE, ESTABLISHED RELATIONSHIPS, STRONG CREDENTIALS STRONG EXECUTION, ESTABLISHED RELATIONSHIPS AND STRONG PRE-QUALIFICATION CREDENTIALS MAKE HPL A PREFERRED SUPPLIER OF THE SPECIALISED ELECTRICAL EQUIPMENTS EXTENSIVE EXPERIENCE ESTABLISHED RELATIONSHIPS STRONG PRE-QUALIFICATION CRED
Slide 25: Shareholding Structure
Slide 26: Shareholding Structure
SHAREHOLDING STRUCTURE SHAREHOLDING – 30th June 2019 KEY INVESTORS – 30th JUNE 2019 % Holding HDFC AMC 6.03% Public, 20.2% Institutions, EQ India Fund 1.18% 7.4% Source – BSE Promoters, 72.3% Source – BSE 25
Slide 27: For Further Queries
FOR FURTHER QUERIES: Mr. Gautam Seth Mr. Mandar Kapse / Chintan Mehta Joint Managing Director IR Consultant Email: gautamseth@hplindia.com Email: hpl@dickensonworld.com Contact no: +91 9867550004 / 9892183389 26