Slide 1: Cover letter to stock exchanges
November 06, 2023 To, To, The Manager (Listing) The Manager (Listing) BSE Limited, National Stock Exchange of India Limited, Phiroze Jeejeebhoy Towers, Exchange Plaza, Dalal Street, Bandra Kurla Complex, Mumbai – 400 001 Bandra (East), Mumbai - 400 051 Scrip Code: 533581 Scrip Symbol: PGEL Sub: Inve
Slide 2: PG Electroplast Company Update 2Q FY2024
PG Electroplast Company Update 2Q FY2024 Nov 2023 1
Slide 3: Disclaimer
Disclaimer This presentation has been prepared for informational purposes only. This Presentation does not constitute a prospectus, Offering circular or offering memorandum and is not an offer or initiation to buy or sell any securities, nor shall part or all of this presentation from the basis of,
Slide 4: Agenda
Introduction Quarterly and Annual Financials Agenda Key Financial Metrics Strategy & Outlook Historical Financials 3
Slide 5: About PG Electroplast Limited
▪ PG Electroplast Limited (PGEL) is the flagship company of PG Group. While the PG Group had started its journey in 1977, PG Electroplast was formally set up in 2003 and is a leading, diversified Indian Electronic Manufacturing Services provider. ▪ PGEL specializes in Original Design Manufacturing (
Slide 6: Our Journey
Our Journey AC Outdoor Unit Assembly capabilities developed. Developed and launched ODM platform for Fully Automatic Washing Machines. Developed and launched ODM platform for Air Coolers. 2022 2021 Achieved highest ever revenues – Crossed Rs 10 billion (Rs 1000 crores) mark Developed and Launched 2
Slide 7: Industries Served
Air Washing LED Air Industries Conditioners Machines Televisions Coolers Served Automotive Bathroom Consumer Components Fittings Electronics 6
Slide 8: Key Financials
• The Company has grown more than 8x in seven years from a revenue of INR 263 crores in 2015-16, to INR 2160 crores in 2022-2023 at a 35% CAGR with the EBITDA Key Financials increasing at a 36% CAGR. • Over the past seven years, the company has done a cumulative Capital Expenditure of over INR 550 C
Slide 9: Our Business Verticals
Our Business Verticals 2500 Products Plastic Moulding Products 10.1 Consumer Durables Plastic 2000 161 • Indoor Units Sanitaryware Electronics Room Air Conditioners • Outdoor Units Automotive Moulds Consumer Electronics 636 Others 1500 Figures in INR Crores 3.8 • Semi-Automatic Electronics Washing T
Slide 10: Key Clients
Key Clients - . e@ @etombery GCEF awa AMSTINS GSmih ox, EE ED) Bajaj Electricals Ltd. GHD Olided COMA crompton PW DaIKIN — Flipkart Foxconn Gry etd = §9 ttoneywe’ HYUNDAI JABIL Jaquar HAVELLS Ketviintor € KOHLER. LAVA. @ LG e Lumax™ motherson all orient “realme- Refiancedigital Seleemp £/SANSU! EERa
Slide 11: Agenda
Introduction Quarterly and Annual Financials Agenda Key Financial Metrics Strategy & Outlook Historical Financials 10
Slide 12: Summary of Consolidated Results
Particulars Q2 Q2 % H1 H1 % (INR Crores) FY2023 FY2024 Change FY2023 FY2024 Change Sales 327.85 458.82 40.0% 863.03 1134.84 31.5% CORM 263.59 365.33 38.6% 711.00 920.41 29.5% % of Sales 80.4% 79.6% 82.4% 81.1% Gross Contribution 64.26 93.49 45.5% 152.04 214.43 41.0% % of Sales 19.6% 20.4% 17.6% 18.9
Slide 13: Expenditure Analysis
Expenditure Analysis Particulars Q2 Q2 H1 H1 Change % Change % (As a % of Operating Revenues) FY2023 FY2024 FY2023 FY2024 Cost of Raw Material (CoRM) 80.4% 79.6% -0.78% 82.4% 81.1% -1.28% Employee Expenses 7.66% 7.88% 0.22% 6.08% 6.32% 0.25% Finance Cost 2.70% 2.66% -0.04% 2.11% 2.31% 0.20% Deprecia
Slide 14: Balance Sheet
Balance Sheet Particulars (INR Cr.) 30th Sep’22 30th Sep’23 Net Fixed Assets A 427.4 544.93 Right-of-use-Assets B 18.89 40.27 Other Non-current Asset C 38.14 91.99 Cash & Bank Balance D 44.77 340.16 Current Assets Trade Receivables i 216.23 190.3 Particulars (INR Cr.) 30th Sep’22 30th Sep’23 Invento
Slide 15: Key Ratios
Key Ratios Particulars 30th Sep’22 30th Sep23 Fixed Asset Turns Net Fixed Assets 459.48 585.20 Sales/Average Net Fixed Assets Fixed Asset Turns 4.37 4.63 Average Receivables Days Receivables 166.9 190.30 (Average Receivables/Sales) x 365 Average Receivables Days 31.25 26.94 Average Inventory Days In
Slide 16: Agenda
Introduction Quarterly and Annual Financials Agenda Key Financial Metrics Strategy & Outlook Historical Financials 15
Slide 17: Major Highlights of 1HFY24
• In 1HFY2024, Consolidated Sales grew 31.5% and crossed INR 1134 crores for the company. • The Product business contributed 54.2% of the total revenues in 1HFY24. Room AC business at INR 457 crores grew 51% during the period while the Washing Machines business had a turnover of INR 152 Crores. • PG
Slide 18: Agenda
Introduction Quarterly and Annual Financials Agenda Key Financial Metrics Strategy & Outlook Historical Financials 17
Slide 19: Industry Outlook
Industry Outlook The Rapid rate of urbanization, Low penetration levels, falling Government reforms such as growth of young population with prices of durables and electronics Digital India, Make in India, Power rising income levels is leading to and changing lifestyle of the for all and Jan Dhan-Aad
Slide 20: Future Growth Strategy
Future Growth Strategy • Washing Machines Company foresees large • Room Air conditioner opportunities in plastic • Refrigerators moulding in consumer durables in appliances like: • Ceiling Fans • Sanitaryware products • Air coolers Opportunities in the ODM • Washing machines space for products like:
Slide 21: Future Outlook
Gradual improvement in margins due to better operational efficiencies and Future Outlook higher operating leverage Improving • Product business to drive profitability and growth for the company higher cash- flows, will lead to better capital • Company is developing new efficiency and stronger balanc
Slide 22: Guidance for FY24
o Consolidated Sales guidance to at least INR 2800 crores which is a growth of 30% over FY2023. o Operating profit guidance of at least INR 210 crores which is a growth of 28% over FY2023 operating profit of INR 164 crores. Guidance for o In FY2024, Operating margins across segments should FY24 see
Slide 23: Agenda
Introduction Quarterly and Annual Financials Agenda Key Financial Metrics Strategy & Outlook Historical Financials 22
Slide 24: Profit & Loss Statement
Profit & Loss Statement Figures in ₹ million FY17 FY18 FY19 FY20 FY21 FY22 FY23 Net Sales 3,664 3,994 5,084 6,394 7032 10977 21478 Growth (%) 40.8% 9.0% 27.3% 25.8% 10.0% 56.1% 95.7% Expenditure 3,456 3,749 4,777 5,993 6534 10232 19835 Increase/Decrease in Stock 19 (109) (41) (70) 32 (291) (286) Raw
Slide 25: Balance Sheet
Balance Sheet (Figures in ₹ million) As on 31st March As on 31st March A. EQUITY AND B. ASSETS LIABILITIES 2017 2018 2019 2020 2021 2022 2023 2017 2018 2019 2020 2021 2022 2023 (a) Share capital 164 164 187 195 197 212 227 (a) Fixed assets 1,620 1,785 1,921 2,532 2,731 4,410 5,778 (b) Capital Work i
Slide 26: Thank You!
Thank You! We look forward to working with you!