Slide 1: Cover letter to stock exchanges
10th November, 2022 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, Dalal Street, Fort Bandra (E), Mumbai - 400 001 Mumbai - 400 051 Stock Code – 500331 Stoc
Slide 2: Q2' FY23 Earnings Presentation
Q2’ FY 23 Earnings Presentation
Slide 3: Our Brands
OUR BRANDS ea FEVICOL Feviergt [ral per PERCEPT INSTANT ADHESNE Fevikwi steelorip —, on grupopuma a 7 LITOoKOGL more TERMINATOR’ @iupy Jowatz
Slide 4: Disclaimer
DISCLAIMER 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 the current views being e
Slide 5: Market Outlook
MARKET OUTLOOK ➢ In the current quarter, the demand conditions remained soft with inflation impacting consumption ➢ Recent softening of commodity costs, good monsoon and increased construction activity augurs well for the future ➢ Going forward we remain cautiously optimistic on improving demand con
Slide 6: Financial Highlights
FINANCIAL HIGHLIGHTS
Slide 7: Earnings Summary H1' FY23
EARNINGS SUMMARY H1’ FY23 NET SALES EBITDA* PBT* PAT CONSOLIDATED Rs. 6,090 Cr Rs. 1,029 Cr Rs. 912 Cr Rs. 695 Cr YOY GROWTH 34.1% 14.7% 16.7% 17.2% STANDALONE Rs. 5,481 Cr Rs. 951 Cr Rs. 876 Cr Rs. 670 Cr YOY GROWTH 35.0% 11.5% 14.2% 15.4% •EBITDA is before non operating income. PBT is Profit befor
Slide 8: Earnings Summary Q2' FY23
EARNINGS SUMMARY Q2’ FY23 NET SALES EBITDA* PBT* PAT CONSOLIDATED Rs. 3,000 Cr Rs. 500 Cr Rs. 439 Cr Rs. 338 Cr YOY GROWTH 14.8% - 9.0% - 10.8% - 10.0% STANDALONE Rs. 2,703 Cr Rs. 464 Cr Rs. 433 Cr Rs. 337 Cr YOY GROWTH 15.1% -12.3% -11.3% -9.8% •EBITDA is before non operating income. PBT is Profit
Slide 9: Performance Overview
PERFORMANCE OVERVIEW ➢ First half registered robust sales growth aided by strong volume growth across categories and geographies. ➢ Growth was broad based across C&B and B2B segments with both segments reporting double digit volume growth, enabled by distribution expansion, innovation, responsive su
Slide 10: Segment Summary
SEGMENT SUMMARY Sr. Quarter Ended Half Year Ended PARTICULARS No Sep'22 Sep'21 Growth Sep'22 Sep'21 Growth 1 Segment Sales a) Consumer & Bazaar Products (C&B) 2,188.7 1,917.4 14.2% 4,380.7 3,232.7 35.5% b) Business to Business (B2B) 546.8 460.0 18.9% 1,174.6 877.1 33.9% c) Others 22.4 14.6 53.5% 48.
Slide 11: Overseas Subsidiaries Performance H1' FY23
OVERSEAS SUBSIDIARIES PERFORMANCE H1’ FY23 (in INR Crores) Asia Sales 117.5 160.0 Gwth%: 36% Americas Sales 125.2 135.7 Gwth%: 8% EBITDA 20.3 28.3 Gwth%: 40% EBITDA Middle East and Africa 12.1 3.4 Gwth%: -72% EBITDA Sales 102.5 125.7 Gwth%: 23% 3.2 -0.6 • Amounts are like for like actual reported nu
Slide 12: Overseas Subsidiaries Performance Q2' FY23
OVERSEAS SUBSIDIARIES PERFORMANCE Q2’ FY23 (in INR Crores) Asia Sales 56.0 77.3 Gwth%: 38% Americas Sales 69.7 64.6 Gwth%: -7% EBITDA 12.5 Gwth%: 56% 8.0 EBITDA 6.4 Gwth%: -115% Middle East and Africa -0.9 Sales Gwth%: 20% EBITDA 52.7 63.4 2.3 0.1 • Amounts are like for like actual reported numbers
Slide 13: Domestic Subsidiaries Performance H1' FY23
DOMESTIC SUBSIDIARIES PERFORMANCE H1’FY23 200 191.6 Gwth%: 53% INR (Rs in Crore) 125.4 Gwth%: 24% 160 119.4 148.1 120 NET SALES 80 40 0 C&B B2B H1 FY 22 H1 FY 23 60 Gwth%: 95% Gwth%: 102% 36.5 40 EBITDA 18.7 20 0.4 0 -20 (16.1) C&B B2B H1 FY 22 H1 FY 23 EBITDA is before exception items. Figures are
Slide 14: Domestic Subsidiaries Performance Q2' FY23
DOMESTIC SUBSIDIARIES PERFORMANCE Q2’FY23 INR (Rs in Crore) 120 81.9 102.6 Gwth%: 25% Gwth%: 12% 100 80 58.2 64.9 NET SALES 60 40 20 0 C&B B2B Q2 FY 22 Q2 FY 23 42 Gwth%: 40% Gwth%: 91% 28 19.9 14.2 14 EBITDA 0 (0.8) -14 (9.2) C&B B2B Q2 FY 22 Q2 FY 23 EBITDA is before exception items. Figures are r
Slide 15: A Company at Glance
A COMPANY AT GLANCE Brand established Adhesives & sealants, History of creating Among the most trusted brands in 1959 construction chemicals, strong brands in the country. Other big brands Pioneer in art & craft products & include M-Seal, Fevikwik, Fevistik, Consumer & polymer emulsions Roff, Dr. Fi
Slide 16: Industry Segment Composition
INDUSTRY SEGMENT COMPOSITION 6.0% 7.2% Pigment & Industrial Resins, Preparations Construction chemicals (Project) etc. 0.7% Others 6.5% Industrial Adhesives 5.9% Art & Craft Materials etc. 53.4% 79.6% Adhesives & Consumer & Bazaar products 20.3% Sealants Construction & Paint Chemicals 19.7% Business
Slide 17: 5-Year Performance by Business Segments
5-Year Performance by Business Segments Numbers represent Percentage of Total Sales Consumer and Bazaar (C&B) Business to Business (B2B) B2B includes Others also 81% 21% 81% 80% 80% 21% 80% 20% 20% 20% 79% 19% 79% 19% 77% 17% 75% 15% 2017-18 2018-19 2019-20 2020-21 2021-22 2017-18 2018-19 2019-20 20
Slide 18: Domestic Presence
DOMESTIC PRESENCE INDIA OPERATIONS 6,000+ SKUs of 850+ products Domestic Revenue of Rs. 7,461 Cr for FY22 34 plants, 35 Co-makers 4,800+ distributors 43 warehouses 7 regional offices & 4 RDCs 12 domestic subsidiaries (including 1 partnership firm) and 4 associates
Slide 19: Share Holding Pattern - 30th September 2022
SHARE HOLDING PATTERN- 30th September 2022 Promoters 14.68% Mutual Funds FPIs 11.34% Others 4.04% 69.94%
Slide 20: Marketing & Advertising
MARKETING & ADVERTISING 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, Fevikwik , M-Seal,
Slide 21: Connecting Digitally
CONNECTING DIGITALLY ron, Fevicol eve a vee Fevikwik felt Dr. Fixit © Thinking differently now, are we? ;) #FevicolKaJod #MazbootJod One drop tox your smile :) #Fevikwik #PhenkoNahiJodo #WorldSmileDay Smiles are everywhere, especially in the things we fix = Sofa 13 Sofa 14 NO NEED OF A PROFESSIONAL
Slide 22: Celebrating Occasions - Digital Way
CELEBRATING OCCASSIONS- DIGITAL WAY
Slide 23: Share Price Movement
SHARE PRICE MOVEMENT 125 120 115 110 105 100 95 90 85 80 Pidilite Sensex Rebased to 100
Slide 24: Consistent Dividend Payouts
CONSISTENT DIVIDEND PAYOUTS 50% 40.6% 39.9% 40.1% 40% 38.1% 36.9% 30% 20% 10% 0% FY18 FY19 FY20 FY21 FY22 Note: The Net Profit considered for above calculation is excluding exceptional items
Slide 25: Investor Relations
CIN : L24100MH1969PLC014336 Investor Relations Investor.relations@pidilite.co.in Manisha Shetty [Company Secretary] Ramkrishna Mandir Road, Off Mathuradas Vasanji Road, Andheri (E), Mumbai - 400 059. Phone : +91 22 28357949 Fax : +91 22 28216007