Rushil Decor Ltd. · NSE:RUSHIL
Rushil Decor — Q2 FY2020 Earnings Presentation
28 slides from Rushil Decor's earnings presentation, November 2019
Slide 1: Q2FY20 Earnings Presentation
Q2FY20 EARNINGS PRESENTATION N O V E M B E R 2 0 1 9
Slide 2: Safe Harbour
SAFE HARBOUR Material and information provided in this presentation may contain ‘forward-looking statements’. These statements are based on current expectations, forecasts and assumptions that are subject to risks and uncertainties which could cause actual outcomes and results to differ materially f
Slide 3: Index
INDEX Result Highlights 4 Segment Mix 9 Brands & Product Offerings 13 Operational Metrics 19 Financial Summary 22 Annexures 26 3
Slide 4: Result Highlights
RESULT HIGHLIGHTS
Slide 5: Quarterly Highlights
QUARTERLY HIGHLIGHTS Total Income Gross Margins EBITDA PAT (₹ Lakhs) (%) (₹ Lakhs) (₹ Lakhs) 0.3% 249bps 16.4% 184% 8,918.7 8,943.0 908.4 46.4 43.9 1,166.3 1,001.6 319.7 Q2FY19 Q2FY20 Q2FY19 Q2FY20 Q2FY19 Q2FY20 Q2FY19 Q2FY20 5
Slide 6: Half-Yearly Highlights
HALF-YEARLY HIGHLIGHTS Total Income Gross Margins EBITDA PAT (₹ Lakhs) (%) (₹ Lakhs) (₹ Lakhs) -1.3% 257 bps 5.2% 80.1% 2,408.5 47.9 2,289.3 45.4 1,508. 17,577.0 17,339.9 4 837.6 H1FY19 H1FY20 H1FY19 H1FY20 H1FY19 H1FY20 H1FY19 H1FY20 6
Slide 7: Quarterly Results at a Glance
QUARTERLY RESULTS AT A GLANCE Q2FY20 Q2FY19 %YoY %QoQ Q1FY20 Q1FY19 Revenues from Operations 8,943.0 8,918.7 0.3 6.5 8,396.9 8,658.3 Cost of Sales 4,789.9 4,999.0 -4.2 13.0 4,238.1 4,604.2 Cost of materials cons 4,197.6 4,809.3 -12.7 -5.7 4,453.0 5,166.0 Purchases of Stock-in-Trade 51.8 0.5 27.1 5.6
Slide 8: Management Commentary; Market Share and Segments
MANAGEMENT COMMENTRY • Operating Revenue was flat at 0.3% in Q2FY20 to ₹ 8,942.9 lakhs against ₹ 8918.7 Lakhs in Q2FY19 with decline in the volume growth of Laminates and MDF respectively • Gross Profits was aided by lower raw material prices which declined 12.7% YoY with Gross margins at 46.4% vs 4
Slide 9: Segment Mix
SEGMENT MIX
Slide 10: Quarterly Segment - Laminates
QUARTERLY SEGMENT- LAMINATES LAMINTES VOLUME LAMINATE SALES EBITDA EBITDA (Nos) (₹ Lakhs) (₹ Lakhs) (%) -3.9% -8.1% 0.3% 98 bps 11.6 8,25,530 5,040.6 7,93,577 4,631.6 10.7 537.2 538.9 Q2FY19 Q2FY20 Q2FY19 Q2FY20 Q2FY19 Q2FY20 Q2FY19 Q2FY20 10
Slide 11: Quarterly Segment - MDF Boards
QUARTERLY SEGMENT- MDF BOARDS MDF VOLUME MDF SALES EBITDA EBITDA (CBM) (₹ Lakhs) (₹ Lakhs) (%) 8.4% 10.2% 67.8% 457bps 20,514 4159.4 13.3 554.6 3773.1 18,927 330.6 8.8 Q2FY19 Q2FY20 Q2FY19 Q2FY20 Q2FY19 Q2FY20 Q2FY19 Q2FY20 11
Slide 12: Growth Outlook - 4F Focus: Favourable Furniture Fundamentals
GROWTH OUTLOOK - 4F FOCUS : FAVOURABLE FURNITURE FUNDAMENTALS FUNDAMENTALS OF FUTURE OF FURNITURE GROWTH • Product Penetration • MDF & PVC led Value through multiple engineering customer channels • Quality performance • Housing Deficit & • Design integrity & Macro demand thinking • Capacity Expansio
Slide 13: Brand & Product Offerings
( ie al BRAND & PRODUCT OFFERINGS
Slide 14: Our Product Focus
OUR PRODUCT FOCUS PRODUCT MANUFACTURING MARKETING Our Brands Network Units - 3 In Gujarat DISTRIBUTORS 46 Capacity - 34.9 lakh sheets p.a CONSIGNMENT STOCKIST 4 LAMINATES DEPOTS 2 Advantage Utilization - 82.6% (FY19) BRANCHES 5 • Attractive • Safe DEALERS 1,950 • Eco-friendly • Pocket- friendly Area
Slide 15: Design Led Value Engineering
OUR PRODUCT PROPOSITION & STRENGTH Laminates MDF Boards PVC Board DESIGN LED VALUE ENGINEERING Value Design Leaders Quality Experts Value Engineering Expert Proposition Price - point • Competitively priced products for domestic and • Competitively priced products for domestic markets (South • Qualit
Slide 16: Creating Awareness to Drive Retail & Institutional Sales
CREATING AWARENESS TO DRI VE RETAI L & I NSTITUTI ONAL SALES AWARENESS DRIVES FOCUS ON INSTITUTIONAL SALES Education programmes for Exclusive contracts Preferred vendor carpenters, interior with various institutions for schools set up decorators and architects - hospitals, by Government of to drive
Slide 17: Rushil Decor Brands
RUSHIL DECOR BRANDS PRODUCTS OFFERING BY RUSHIL DECOR 17
Slide 18: Creating Brand Awareness via Social Media Initiative
CREATING BRAND AWARENESS VIA SOCIAL MEDIA INNITIATIVE 18
Slide 19: Operational Metrics
OPERATIONAL METRICS
Slide 20: Operational Metrics - Quarterly
OPERATIONAL METRICS - QUARTERLY Operational Metrics Q2FY18 Q3FY18 Q4FY18 Q1FY19 Q2FY19 Q3FY19 Q4FY19 Q1FY20 Q2FY20 Laminates Installed Capacity 8,73,125 8,73,125 8,73,125 8,73,125 8,73,125 8,73,125 8,73,125 8,73,125 8,73,125 Laminates Sales (Nos) 8,42,818 8,24,920 8,18,279 7,39,446 8,25,530 7,29,589
Slide 21: Operational Metrics - Annually
OPERATIONAL METRICS - ANNUALLY Operational Metrics FY14 FY15 FY16 FY17 FY18 FY19 Laminates Installed Capacity 30,00,000 34,92,500 34,92,500 34,92,500 34,92,500 34,92,500 Laminates Sales (Nos) 28,80,001 30,30,509 31,69,639 31,60,266 31,49,648 29,98,974 Sales (₹ Lakhs) 15,777 16,306 17,000 16,849 18,1
Slide 22: Financial Summary
FINANCIAL SUMMARY
Slide 23: Profit & Loss Statement - Quarterly
PROFIT & LOSS STATEMENT- QUARTERLY Profit & Loss (₹ Lakhs) Q2FY18 Q3FY18 Q4FY18 Q1FY19 Q2FY19 Q3FY19 Q4FY19 Q1FY20 Q2FY20 Income from Operations 9,255.8 8,392.5 8,808.5 8,658.3 8,918.7 8,143.2 8,653.9 8,396.9 8,943.0 Other Income 39.4 100.4 33.8 31.8 23.6 306.9 486.7 92.5 49.4 Total Income 9,295.2 8
Slide 24: Profit & Loss Statement - Annually
PROFIT & LOSS STATEMENT- ANNUALLY Profit & Loss (₹ Lakhs) FY14 FY15 FY16 FY17 FY18 FY19 H1FY19 H1FY20 Income from Operations 25,567.2 27,565.6 29,675.6 30,595.2 34,351.9 34,374.2 17,577.0 17,339.9 Other Income 162.6 242.7 81.5 283.0 270.7 849.0 55.4 141.9 Total Income 25,729.9 27,808.3 29,757.0 30,8
Slide 25: Balance Sheet and Key Ratios
BALANCE SHEET AND KEY RATIOS Balance Sheet (₹ Lakhs) FY14 FY15 FY16 FY17 FY18 FY19 Share capital 1440.0 1440.0 1440.0 1440.0 1471.7 1,493.13 Reserves and Surplus 6,046.3 5,962.6 6,591.0 9,558.0 15,594.1 19,099.04 Non-current liabilities 9,350.1 7,506.2 7,354.9 6,613.5 7,388.7 22,444.86 Current liabi
Slide 26: Annexures
ANNEXURES
Slide 27: Stock Information
STOCK INFORMATION Market cap (INR) Shares Outstanding Bloomberg code NSE code BSE code 20,007 Lakhs 149.3 Lakhs RDL:IN RUSHIL 533470 (as on 6h Dec 2019) (30th Sept 2019) Share holding Pattern (30th Sept 2019) Relative Stock Price vs. BSE SMALL CAP INDEX 120 17.5 100 80 77 60 40 18.1 52.9 16 20 0 11.
Slide 28: Thank You
CONTACT INFORMATION Vipul Vora Rushil House, Near Neelkanth Green Bungalows,Off. Sindhu Bhavan Road, Shilaj, Ahmedabad-380058, Gujarat, India. vipul@rushil.com www.rushil.com Sherwin Fernandes KARVY FINTECH" 702, Hallmark Business Plaza, Opp. Gurunanak Hospital, Bandra East, Mumbai, Maharashtra 4000