Rushil Decor Ltd. · NSE:RUSHIL
Rushil Decor — Q1 FY2022 Earnings Presentation
37 slides from Rushil Decor's earnings presentation, August 2021
Slide 1: Investor Presentation August 2021
Investor Presentation August 2021
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by Rushil Décor Limited (the “Company”) solely for information purposes and does not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form the basis or be relied on in connection with any cont
Slide 3: Table of Contents
Table of Contents 01 Company Overview 02 Business Overview 03 Industry Overview 04 Financial Highlights 05 Way Ahead 3
Slide 4: Company Overview
Company Overview
Slide 5: Leading Interior Infrastructure Player in India – Re-engineering Possibilities
Leading Interior Infrastructure Player in India – ‘Re-engeering Possibilities’ One of the leading player in manufacturing Decorative Laminate Sheets and Medium Density Fibre Boards (MDF) in India Focussed on 3 One of the segments, 4 Generations in Largest player in Laminates MDF + LAMINATES + PVC Bu
Slide 6: 28 years of Growth & Experience
Milestones ▪ Amalgamation Of MRPL & RHPL Manufacturing Units ▪ Signed MOU with Into Rushil Decor Private Andhra Pradesh ▪ Started Government to Limited manufacturing of ▪ Converted from private to ▪ Listing with BSE & establish project pre-laminated of Thin & Thick public company NSE through MDF Boa
Slide 7: Strong & Experienced Management Team
Strong & Experienced Management Team Shri Krupeshbhai G. Thakkar – Chairman ▪ Experience in industry of laminated sheets and allied items ▪ Conferred with several accolades which include “Rajiv Gandhi Shiromani Award” and “Indira Gandhi Sadbhavana Award” in 2007 for his achievement in his field of w
Slide 8: Key Strengths
Key Strengths Customer Education and Smart Fashion + Design First, Quality First Brand Approach Value-based green products ▪ With over 1000+ designs in laminated 05 ▪ DIY (Do-it-Yourself) trend amongst millennials sheet, gives Company unmatched – trendy, suitable to lifestyle and easy on 01 pocket c
Slide 9: Key Strength - Strategic Manufacturing Advantage
Key Strength - Strategic Manufacturing Advantage World-class infrastructure modelled on International Technical Plants Higher Reduced cost Environmental Manufacturing Unit productivity of overheads compliance Strategic Location Raw material Manufacturing sourcing Labour cost costs Energy & time effi
Slide 10: Business Overview
Business Overview
Slide 11: Product Portfolio
Product Portfolio Laminates MDF Boards PVC APPLICATIONS : APPLICATIONS : Great alternative to solid wood, particle Partitioning, Panelling, False Ceiling, Furniture, 1mm Master Series | Compact | Ext-Lam | Digital Modular Furniture, Kitchens, Exhibitions and board and plywood Layer | Unicolor | Sync
Slide 12: Product Portfolio - Laminates
Product Portfolio - Laminates Laminates Sales (in Crs) Products 181.33 182.93 177.22 175.6 Our Brands 163.37 2017 2018 2019 2020 2021 Manufacturing Units Capacity Utilization 3 (all based in Gujarat, India) 34.9 lakh sheets per annum 78% (FY21) Advantage Marketing • Attractive • Safe • Durable One o
Slide 13: Product Portfolio – MDF Boards
Product Portfolio – MDF Boards MDF Sales (in Crs) Products 172.52 167.07 Our Brands 156.74 156.46 155.92 2017 2018 2019 2020 2021 Manufacturing Units Capacity Utilization • 1 (based in Karnataka, India) • New unit added in Andhra Pradesh 1,100 CBM/day (after 82% (FY21) • State of art CNC machines th
Slide 14: Product Portfolio – PVC
Product Portfolio – PVC PVC Sales (in Crs) Products 7.66 7.12 6.38 Our Brands Wide range of PVC Boards both in 0 0.41 Interior & Exterior grades 2017 2018 2019 2020 2021 Manufacturing Unit Capacity Utilization Chikmagalur, Karnataka Operations Commenced 12,480 14% (FY21) 2018 CBM per annum Advantage
Slide 15: VIR Studdio – Creating Brand Awareness
VIR Studdio – Creating Brand Awareness Branding through VIR Studdio Branding through Advertisements • Unique marketing platform across Country - displays entire product range at one location • Live practical end use demonstration in very practical and effective manner - helping customers to visualiz
Slide 16: Our Product Proposition – Design led Value Engineering
Our Product Proposition – Design led Value Engineering Laminates MDF Boards PVC Value Proposition Design Leaders Quality Experts Value Engineering Customer ▪ Competitively priced products Vantage ▪ Competitively priced products for ▪ Quality extruded products for Price-point domestic and export mark
Slide 17: Our Manufacturing Facilities
Our Manufacturing Facilities Laminates - MDF and PVC - Gujarat Karnataka • Unit – RDL, 608, GIDC Mansa, Dist. Unit – RDL, Plot No. 58, 59 & 60p, Amble Gandhi Nagar, Gujarat Industrial Estate Village, Amble Tal. & • Unit – MRPL, Dholakuva Patia, Dis. Chikmagalur, Karnataka Gandhinagar-Mansa Road, Man
Slide 18: New Manufacturing Plant - 2nd MDF Unit
New Manufacturing Plant - 2nd MDF Unit MDF – product with wide applications ▪ Modular furniture ▪ Greenfield project for manufacturing thin + thick MDF Boards at Vishakhapatnam, Andhra Pradesh ▪ Kitchens having installed capacity of 800 CBM per day or 2,40,000 CBM per annum – 50% expected ▪ Cabinet
Slide 19: Our Distribution Model & Market Reach
Our Distribution Model & Market Reach MARKETING & DISTRIBUTION MODEL ▪ 80+ Distributors ▪ 7 Consignment 1 2 3 Stockiest ▪ 1,600+ Dealers Factory Factory Factory ▪ Export Presence in 42 countries Company Larger Distributor 3 Laminate Units Depot Contractors / at Gujarat Builders / Manufacturers Distr
Slide 20: Our Exports shadowing global consumption
Our Exports shadowing global consumption Laminates – Geography-wise Sales Furniture Market 2020-27* Wood Material Segment Asia Pacific CAGR 5.5% In $ Bn 27% 2021-27 785 2020 Indonesia Europe Market Market Size Kitchen 545.78 13% 2% Value 2020 Cabinet Latin $42 Bn Segment APAC - $270 bn America NA -
Slide 21: Awards & Recognition
Awards & Recognition Mr. Krupesh G. Thakkar, Chairman of Company has three decades of experience in trading and manufacture of plywood, laminates and allied products. He has been conferred with accolades which include “Rajiv Gandhi Shiromani Award” and "Indira Gandhi Shadbhavna Award" in year 2007,
Slide 22: Industry Overview
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Slide 23: Furniture of the Future: Made with MDF
Furniture of the Future: Made with MDF Regional Demand for MDF in India MDF v/s Plywood Consumption Others, ▪ Made from wood, fibres and resin 10% Plywood MDF ▪ Sourced through agroforestry ▪ Machine dried and pressed to West, produce dense, stable sheets 15% ▪ DIY (Do-it-yourself) trends gaining So
Slide 24: Huge opportunity in MDF and PVC from surge in demand
Huge opportunity in MDF and PVC from surge in demand Laminates Industry Snapshot ▪ Industry size – INR 5,000 Percentage share of organized/ unorganized furniture industry ▪ Consumption of Indian panel products has grown at crore CAGR of 15-20% for organised segment ▪ 40% organized sector ▪ Increasin
Slide 25: The Agro-Forestry Edge
The Agro-Forestry Edge Win-win for Farmers & RDL ▪ Active participation in government-sponsored agroforestry projects What is agroforestry? ▪ Farmers in coffee growing regions of South India growing Land use system which integrate trees and shrubs on trees on their farmland. Singapore farmlands and
Slide 26: Financial Highlights
Financial Highlights
Slide 27: Management Comment
Management Comment “In the quarter ended June 2021, we reported 85.43% YoY growth in revenue, with EBITDA growing 11.88% to Rs. 1.51 crore. This quarter’s performance is a good indication of our recovery in terms of revenue. This is mainly due to substantial increase in sales of laminates and MDF Bo
Slide 28: Financial Highlights – Quarterly
Financial Highlights – Quarterly Sales Volume Segmental Revenue (Rs. Crs)* 8,56,184 8,09,585 48.88 49.66 48.92 48.19 49.52 7,67,040 45.16 41.76 41.84 6,00,123 4,36,346 28.14 20.81 22,628 19,971 11,378 19,780 20,020 1.78 1.89 2.83 148 1.16 0.84 226 344 407 554 Q1 FY21 Q2 FY21 Q3 FY21 Q4 FY21 Q1 FY22
Slide 29: Financial Highlights – Quarterly
Financial Highlights – Quarterly Rs. Crore Q1 FY22* Q1 FY21 Y-o-Y (%) Q4 FY21* Total Income 90.99 49.07 85.43% 98.75 ▪ Increase in Income by Raw Materials 43.40 27.11 53.96 85.43% Y-o-Y mainly due Employee Cost 9.59 5.27 6.59 to substantial increase in sales of laminates and Other Expenses 36.50 15.
Slide 30: Financial Highlights – Annual
Financial Highlights – Annual Sales Volume Segmental Revenue (Rs. Crs)* 31,60,266 31,49,648 29,98,974 177.22 181.33 172.52 182.93 175.60 27,78,474 28,69,155 156.74 156.46 163.37 167.07 155.92 84,526 79,585 83,225 73,806 77,276 6.38 7.12 7.66 71 1,243 1,416 0 0.41 1,531 FY17 FY18 FY19 FY20 FY21 FY17
Slide 31: Financial Highlights – Annual
Financial Highlights – Annual Rs. Crore FY17 FY18 FY19 FY20 FY21* Income from Operations 332.11 350.98 343.74 335.60 335.44 Excise Duty 25.99 7.46 0.00 0.00 0.00 Total Income 306.12 343.52 343.74 335.60 335.44 Raw Materials 167.80 180.86 191.75 174.70 181.63 Employee Cost 18.48 20.98 25.62 29.32 26.
Slide 32: Balance Sheet as on 31st March 2021
Balance Sheet as on 31st March 2021 As on 31st As on 31st As on 31st As on 31st Rs. Crore Rs. Crore March 2021 March 2020 March 2021 March 2020 Equity 264.15* 228.40 Non-current Assets 615.92 592.68 Equity Share Capital 19.73 14.93 Property, Plant and Equipment 587.18 197.20 Other Equity 244.41 213.
Slide 33: Balance Sheet Ratios
Balance Sheet Ratios Working Capital Days Total Debt to Equity 1.77 78 76 1.43 73 1.19 57 44 0.74 0.59 2017 2018 2019 2020 2021 2017 2018 2019 2020 2021 Return on Equity (%) Return on Capital Employed (%) 19.80% 20.23% 18.15% 19.03% 10.09% 8.10% 6.96% 5.19% 5.01% 4.84% 2017 2018 2019 2020 2021 2017
Slide 34: Way Ahead
Way Ahead
Slide 35: Strategies for Growth – in line with Company's Vision
Strategies for Growth – in line with Company’s Vision Brand Enhancement & Increasing Market Reach Diversifying Product Portfolio by Strengthening Infra Support ▪ Focus on expanding distributor network - opening new marketing offices, appointment of new distributors ▪ Enrich product portfolio of MDF
Slide 36: Growth Outlook - 4F Strategy
Growth Outlook - 4f Focus : Favourable Furniture Fundamentals Fundamentals of Growth Future of Furniture ▪ Product Penetration through ▪ MDF & PVC led Value Demand Drivers for Furniture multiple customer channels engineering Industry – Global & Local ▪ Housing Deficit & Macro ▪ Quality performance T
Slide 37: Thank You - For further information, please contact
Thank You For further information, please contact: Mr. Vipul Vora Mr Amit Sharma / Ms Disha Shah Chief Financial Officer Bridge Investor Relations Pvt. Ltd. Rushil Decor Ltd Tel: +91 9867726686 / +91 9699060134 Email: vipul@rushil.com Email: amit@bridge-ir.com, disha@bridge-ir.com Website: www.rushi