Polycab India Ltd. · NSE:POLYCAB
Polycab India — Q3 FY2020 Earnings Presentation
17 slides from Polycab India's earnings presentation, Jan 21, 2020
Slide 1: Q3FY20 Earnings Presentation
Q3FY20 Earnings Presentation 21 January 2020 1 1
Slide 2: 9M & Q3 FY20 Performance
® POLYCAB 9M & Q3 FY20 Performance
Slide 3: Key Highlights
Key Highlights Q3 vs Q3 Q3 vs Q2 Revenue Growth Revenue: 21% 9M-o-9M 24% Y-o-Y 12% Q-o-Q Profitability PAT: 53% 9M-o-9M 14% Y-o-Y 14% Q-o-Q Returns 26.0% 30.6% 30.6% ROCE: 53bp 9M-o-9M -612bp Y-o-Y 431bp Q-o-Q Balance sheet as on Dec'19 Dec'18 Sep'18 Net Cash: 6.4bn -6.1bn 3.9bn Notes: (1) Numbers o
Slide 4: 9M FY20: Healthy top line growth and profitability
9M FY20: Healthy top line growth and profitability Revenue (INR mn) EBITDA (INR mn) PAT (INR mn) 21% YoY 18% YoY Margin 53% YoY Margin 12.8% 8.2% 12.4% 6.5% 5,505 67,006 8,328 55,219 7,046 3,601 9M FY19 9M FY20 9M FY19 9M FY20 9M FY19 9M FY20 • Revenue in 9M FY20 grew by 21% YoY led by healthy growt
Slide 5: Q3 FY20: Resilient sales growth across segments
Q3 FY20: Resilient sales growth across segments Revenue (INR mn) EBITDA (INR mn) PAT (INR mn) 24% YoY 12% QoQ 6% YoY 25% QoQ Margin 14% YoY 14% QoQ Margin 9.6% 15.8% 25,073 13.5% 8.8% 8.6% 22,419 12.0% 2,214 20,248 3,389 3,193 1,936 1,938 2,701 Q3 FY19 Q2 FY20 Q3 FY20 Q3 FY19 Q2 FY20 Q3 FY20 Q3 FY19
Slide 6: Wires and Cables: Performance
Wires and Cables: Performance Q3 FY20 performance Revenue (INR mn) EBIT 20% YoY 13% QoQ -16% YoY 28% QoQ Margin • Total income growth of 20% y-o-y was led by healthy 21,502 17.0% growth across categories. 12.0% 17,956 19,009 10.6% 3,056 2,571 • Growth in cables was largely driven by exports which 2,
Slide 7: FMEG: Performance
FMEG: Performance Q3 FY20 performance Revenue (INR mn) EBIT 34% YoY 11% QoQ Margin • Total income growth of 34% YoY was primarily driven 2,166 by fans and lighting & luminaries. 1,956 3.3% 1,617 0.6% 65 • Fans business posted good growth across portfolio -3.1% with improving sales mix. Lighting as w
Slide 8: Others: Performance
Others: Performance Q3 FY20 performance Revenue (INR mn) EBIT 46% YoY -9% QoQ 929% YoY 30% QoQ Margin 1,440 23.0% • Other segment which largely comprises of our EPC 1,306 16.0% 301 business witnessed healthy topline growth and 892 3.3% 231 margins led by execution of profitable projects 29 Q3 FY19 Q
Slide 9: Financial Statements
Financial Statements Scan for Financial Results Download Link Scan for Interim Financial Statements Download Link 9
Slide 10: Consolidated Profit and Loss Statement
Consolidated Profit and Loss Statement Quarter Ended Nine Months Ended Particulars (INR mn) Q3FY20 % Q2FY20 % Q3FY19 % 9M FY20 % 9M FY19 % Revenue from Operation 25,073 100.0% 22,419 100.0% 20,248 100.0% 67,006 100.0% 55,219 100.0% Cost of Goods sold 18,190 72.5% 16,449 73.4% 14,432 71.3% 48,917 73.
Slide 11: Consolidated Balance Sheet
Consolidated Balance Sheet Particulars (INR mn) Dec'19 Dec'18 Sep'19 Particulars (INR mn) Dec'19 Dec'18 Sep'19 Assets Equity and Liabilities Non-current Assets Shareholder’s Funds Fixed Assets 15,947 14,153 15,871 Share Capital 1,488 1,412 1,486 Financial / Non-current Assets 2,835 2,719 2,595 Reser
Slide 12: Consolidated Cash Flow Statement
Consolidated Cash Flow Statement Quarter Ended Nine Months Ended Particulars (INR mn) Q3FY20 Q2FY20 Q3FY19 9M FY20 9M FY19 Net Cash Flow from Operating Activities 3,043 -1,280 -2,216 5,426 5,217 Net cash flow from/(used in) investing activities -3,593 1,399 -1,141 -7,956 -2,555 Net cash flow from/(u
Slide 13: Other financial metrics
Other financial metrics Trailing twelve months Closing Working Capital in days Q3FY20 Q2FY20 Q1FY20 FY19 Q3FY20 Q2FY20 Q1FY20 FY19 Receivable Days 45 45 48 60 47 48 51 61 Inventory days 106 103 106 103 88 108 110 122 Payable Days 100 103 108 110 96 109 139 148 Net Working Capital 51 46 46 53 39 47 2
Slide 14: Shareholding Pattern
Shareholding Pattern 69% Promoter Others 14% IFC 9.5% MF 3% FPI 5% Notes: As on December 31st 2019 Notes: As on September 30th 2019 14
Slide 15: Enhancing shareholder value
Enhancing shareholder Market Cap Market Cap ~INR 147.7 Bn. ~USD 2.1 Bn. (as of 31 Dec 2019) 51.4% 5.0% 3.2% 1.1% 0.9% Apr'19 May'19 Jun'19 Jul'19 Aug'19 Sep'19 Oct'19 Nov'19 Dec'19 POLYCAB BSE SENSEX NIFTY NIFTY 500 MSCI* MSCI* - MSCI India Price Index 15 USD INR average spot rate 9M FY20
Slide 16: Safe Harbour
Safe Harbour This Release / Communication, except for the historical information, may contain statements, including the words or phrases such as ‘expects, anticipates, intends, will, would, undertakes, aims, estimates, contemplates, seeks to, objective, goal, projects, should’ and similar expression
Slide 17: Thank you
Thank you Polycab India Limited CIN: L31300DL1996PLC266483 Contact us For investor relations: investor.relations@polycab.com For queries on shares & investor grievance: shares@polycab.com Website: www.polycab.com 17