Slide 1: Cover letter to stock exchanges
POLYCAB INDIA LIMITED (formerly known as ”Polycab Wires Polycab House,771 Mogul Lane, Limited”) @ Mahjm (W),Mu1nbai 400016 CIN No U31300DL1996PLC266483 Tel : +91 22 2432 7070.74 Fax : +91 22 2432 7075 Email: 001)?an ""“m'w” 7“““9‘ K“ info@polycab.com Web: www.polycab.com 14th May, 2019 The Manager T
Slide 2: Polycab India Limited FY19 Earnings Presentation
Polycab India Limited FY19 Earnings Presentation
Slide 3: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Polycab India Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securit
Slide 4: FY2019 Financial Performance
FY2019 Financial Performance
Slide 5: FY2019 highlights – Record annual performance
FY2019 highlights – Record annual performance 18% Revenue 28% EBITDA 40% PAT 11.7% 12.7% 5.3% 6.3% 79,560 67,703 10,142 5,003 7,934 3,586 FY2018 FY2019 FY2018 FY2019 FY2018 FY2019 Revenue EBITDA EBITDA Margin PAT PAT Margin ➢ Revenue growth of 18% primarily driven by growth in wires & cables and FME
Slide 6: FY2019 segmental performance
FY2019 segmental performance 11% Wires & Cables 33% FMEG FMEG 86% EPC Others Total Income 69,295 4,637 62,423 6,433 4,853 2,491 FY2018 FY2019 FY2018 FY2019 FY2018 FY2019 EBIT 8,351 88 198 6,407 75 81 FY2018 FY2019 FY2018 FY2019 FY2018 FY2019 All Figures in Rs. mn unless specified Notes: (1) Numbers
Slide 7: Quarterly trends
Quarterly trends Revenue & EBITDA margins FY18 FY19 ➢ Q4 FY2019 EBITDA margin at 11.0% Revenue : Rs. 67,587 mn Revenue : Rs. 79,046 mn EBITDA Margin : 11.7% EBITDA Margin : 12.8% − Movement in EBIDTA margins driven by sales and product mix 8.9% 9.8% 9.0% 17.2% 11.6% 11.7% 17.2% 11.0% − On an annual
Slide 8: Q4 FY2019 highlights
Q4 FY2019 highlights Revenue EBITDA PAT 17.2% 17.1% 10.8% 8.9% 9.7% 5.6% 24,448 3,634 1,887 1,965 3,476 21,102 20,280 2,630 1,373 Q4 FY2018 Q3 FY2019 Q4 FY2019 Q4 FY2018 Q3 FY2019 Q4 FY2019 Q4 FY2018 Q3 FY2019 Q4 FY2019 EBITDA EBITDA Margin PAT PAT Margin Revenue growth of 16% in Q4FY19 vs Q4FY18 dr
Slide 9: Q4 FY2019 segmental performance
Q4 FY2019 segmental performance Wires and Cables Wires & Cables FMEG FMEG EPC Others Total Income 2,184 20,632 1,877 1,909 18,515 17,956 1,662 905 892 Q4 FY18 Q3 FY19 Q4 FY19 Q4 FY18 Q3 FY19 Q4 FY19 Q4 FY18 Q3 FY19 Q4 FY19 46 EBIT 3,181 3,040 11 131 2,095 83 -46 29 Q4 FY18 Q3 FY19 Q4 FY19 Q4 FY18 Q3
Slide 10: Robust balance sheet enhancing shareholder value
Robust balance sheet enhancing shareholder value ROE ROCE Capex 17.5% 27.90% Rs. 2,793 mn Up 227 bps y-o-y Up 695 bps y-o-y Up 55% y-o-y Net Cash Debt/Equity Dividend Rs. 452 mn 0.10x Rs. 3/share Up from Rs. (7,897) mn Down from 0.34x in FY2018 Payout of c.10% Notes: (1) ROCE (Return on Capital Empl
Slide 11: Financial statements
Financial statements
Slide 12: Consolidated Profit and Loss Statement
Consolidated Profit and Loss Statement (Rs. mn) Q4FY19 % Q3FY19 % Q4FY18 % FY2019 % FY2018 % Revenue from Operation 24,448 20,280 21,102 79,560 69,150 Less Excise Duty - - - - 1,446 Net Revenue 24,448 100.0% 20,280 100.0% 21,102 100.0% 79,560 100.0% 67,703 100.0% RM Consumed 19,017 77.8% 14,432 71.2
Slide 13: Consolidated Balance Sheet
Consolidated Balance Sheet (Rs. mn) FY2019 FY2018 Assets Non-current Assets Fixed Assets 14,686 13,331 Financial / Non-current Assets 2,346 1,891 Total Non-current Assets 17,032 15,222 Current Assets Inventories 19,958 13,657 Trade Receivables 13,343 12,908 Cash and Bank Balances 3,176 106 Others -
Slide 14: Consolidated Cash Flow Statement
Consolidated Cash Flow Statement (Rs. mn) FY2019 FY2018 Profit before tax 7,561 5,668 Operating profit before working capital changes 3,499 2,774 (Increase) / Decrease in working capital 3,052 (3,418) Cash generated from operations 14,113 5,024 Net Income Tax Paid (1,814) (1,399) Net Cash Flow from
Slide 15: Company Overview
Company Overview
Slide 16: One of India's leading Electricals brand
One of India’s leading Electricals brand - a market leader in India’s Wires & Cables (W&C) industry and fast growing player in the FMEG category Diverse suite of electrical products W&C market leader(1) FY19 Financials (Rs. mn) • Wires & Cables - Power cables, control cables, c.18% market share of t
Slide 17: Market leader in wires and cables with a diverse suite of products
Market leader in wires and cables with a diverse suite of products and a healthy growth rate Market leader in W&C… Market leader in W&C… • Largest W&C manufacturer in India, in • Institutional and retail customers in different industries terms of segment revenues, with a market • Made-to-stock: base
Slide 18: Expanding presence in 'Electricals' ecosystem - Fast growing FMEG business
Expanding presence in ‘Electricals’ ecosystem - Fast growing FMEG business Comprehensive product portfolio with focus on the upcoming industry trends • Launched Switches business in FY14 • Diversified into the FMEG segment in FY15 • Key FMEG products include – electric fans, LED lighting and luminai
Slide 19: Multi-location manufacturing, high degree of backward integration
Multi-location manufacturing, high degree of backward integration Multi-location manufacturing… Product (1) Location Capacity Wires & Cables (in kms) Halol/ Daman 3,294,463 • 24 manuf acturing f acilities, across the states of Gujarat, Maharashtra and Uttarakhand and the union territory of Lighting
Slide 20: Supported by strong R&D, innovation and quality initiatives
…supported by strong R&D, innovation and quality initiatives … have led to innovations in our product Investments in in-house R&D capabilities… range • NABL ISO 17025 certif ied R&D center; ~90 engineers and technicians working on R&D projects • Flame retardant elastomeric compounds, f lame retardan
Slide 21: Pan India distribution network supporting our diverse customer base
Pan India distribution network supporting our diverse customer base and product categories Our distribution reach Pan India distribution across product categories • 2,800+ authorized dealers and distributors Common for West East • 100,000 retail outlets W&C and FMEG 21% 22% Wires and 16% • Sales and
Slide 22: Proven track record of financial performance (1/2)
Proven track record of financial performance (1/2) Revenue (Rs. mn) EBITDA (Rs. mn) PAT (Rs. mn) 79,560 10,142 67,703 7,934 5,003 52,075 54,940 47,081 3,586 5,622 4,512 4,978 2,406 1,603 1,880 FY15 FY16 FY17 FY18 FY19 FY15 FY16 FY17 FY18 FY19 FY15 FY16 FY17 FY18 FY19 Delivered growth and continuous
Slide 23: Proven track record of financial performance (2/2)
Proven track record of financial performance (2/2) ROCE/ROE Debt/Equity ratio Capital Expenditure (Rs. mn) 27.9% 0.44x 0.43x 2,994 2,793 21.0% 0.36x 0.34x 2,360 2,208 16.3% 15.2% 1,817 15.0% 17.5% 15.2% 10.5% 12.0% 0.10x 9.9% FY15 FY16 FY17 FY18 FY19 FY15 FY16 FY17 FY18 FY19 FY15 FY16 FY17 FY18 FY19
Slide 24: Promoters and Management team
Promoters and Management team Board of Directors Key Management Inder T. Jaisinghani Ajay T. Jaisinghani Manoj Verma Chairman and Whole-Time Director R. Ramakrishnan Bharat A. Jaisinghani Nikhil R. Jaisinghani Anil Hariani Anil Shipley Managing Director Chief Executive Director – FMEG Business Direc
Slide 25: Shareholding pattern
Shareholding pattern Promoter IFC MF FPI Others Others - 16% FPI - 2% MF - 3% Promoter - 69% IFC, 10% Note: As on April 15th 2019 24 Polycab India Limited - FY19 Earnings Presentation
Slide 26: Polycab India Limited
Polycab India Limited CIN: U31300DL1996PLC266483 Email - investor.relations@polycab.com www.polycab.com