Exxaro Tiles Ltd. · NSE:EXXARO
Exxaro Tiles — Q2 FY23 Earnings Presentation
32 slides from Exxaro Tiles's earnings presentation, Nov 10, 2022
Slide 1: Cover letter to stock exchanges
Dated: 10th November 2022 To, To, BSE Limited National Stock Exchange of India Ltd. Corporate Relations Department Corporate Relations Department Phiroze Jeejeebhoy Towers, Exchange Plaza, Block G,C/1, Bandra Dalal Street, Kurla Complex, Bandra (E), Mumbai – 400 001 Mumbai –400 051 Security Code: 54
Slide 2: Exxaro Tiles Limited Investor Presentation – Q2 FY23
EXXARO TILES LIMITED Investor Presentation – Q2 FY23
Slide 3: Safe Harbour
Safe Harbour This presentation may contain certain forward-looking statements relating to Exxaro Tiles Ltd. and its future business, development and economic performance. These statements include descriptions regarding the intent, belief or current expectations of the Company, its subsidiaries and a
Slide 4: Q2 & H1 FY23 Result Highlights
Q2 & H1 FY23 Result Highlights 3
Slide 5: Management Commentary
Management Commentary Commenting on the results, Mr. Mukesh Patel, Chairman and Managing Director said: “Commissioning Big Slab product line was the highlight for Exxaro in Q2 FY23. The new line has started producing from October and will give us opportunity to grab market share in a high margin, le
Slide 6: Financial Highlights (1/2)
Financial Highlights (1/2) Margins Total Revenue (Rs. In Mn) EBITDA (Rs. In Mn) PAT (Rs. In Mn) • Heavy monsoons led to 15.2% 9.6% 6.3% 1.9% lower demand in South 894.5 and West India markets. 136.1 This was further 725.4 exacerbated due to diversion of industry 70.0 volumes from export 19% 49% 56.2
Slide 7: Financial Highlights (2/2)
Financial Highlights (2/2) (Rs. In Mn.) Total Revenue Split Geographical Revenue Split 818.1 Q2 FY22 Q2 FY23 638.2 9% 14% 8% 11% 47% 26% 57% 63.1 79.1 13.3 8.1 28% Q2 FY22 Q2 FY23 Own Manufacturing Outsource Others West south north east West south north east 1,290.5 H1 FY22 H1 FY23 1,204.2 9% 15% 8%
Slide 8: Volumes
Volumes Sales Volume (in Msm) 5.11 4.21 3.11 Own Manufacturing 2.24 Outsource 0.24 0.31 0.74 0.38 Q2 FY22 Q2 FY23 H1 FY22 H1 FY23 • Sales Volumes fell 24% YoY due to subdued demand from the retail segment attributed by monsoons and slow demand from real estate market. • Market was oversupplied on ac
Slide 9: Key Development During H1 FY23
Key Development During H1 FY23 Brownfield Expansion (At Talod Plant, Sabarkantha) • Set up manufacturing facility at existing plant at Talod with capacity of 1.4 million sq. mtrs p.a • Large format GVT tiles admeasuring 9mm/20mm with thickness in various sizes of 800x2400, 800x3000, 800x3200, 1200x1
Slide 10: Profit & Loss Statement – Q2 & H1 FY23 (Standalone)
Profit & Loss Statement – Q2 & H1 FY23 (Standalone) Particulars (Rs. in millions) Q2 FY23 Q2 FY22 Y-o-Y Q1 FY23 Q-o-Q H1 FY23 H1 FY22 Y-o-Y Net Revenue 725.4 894.5 -19% 675.9 +7% 1,401.3 1,406.8 0% Cost of materials consumed 183.6 265.5 163.8 347.4 442.4 Purchase of stock-in-trade 70.3 55.2 96.5 166
Slide 11: Profit & Loss Statement – Q2 & H1 FY23 (Consolidated)
Profit & Loss Statement – Q2 & H1 FY23 (Consolidated) Particulars (Rs. in millions) Q2 FY23 Q2 FY22 Y-o-Y Q1 FY23 Q-o-Q H1 FY23 H1 FY22 Y-o-Y Net Revenue 725.4 894.5 -19% 675.9 +7% 1,401.3 1,406.8 0% Cost of materials consumed 183.6 265.5 163.8 347.4 442.4 Purchase of stock-in-trade 70.3 55.2 96.5 1
Slide 12: Balance Sheet – As on 30th September 2022
Balance Sheet – As on 30th September 2022 Standalone Consolidated Particulars (Rs. in millions) Sep-22 Mar-22 Sep-22 Mar-22 ASSETS Non-current assets (a) Property, plant and equipment 1,897.8 1,502.7 1,897.8 1,502.7 (b) Financial assets (i) Investments 0.1 0.1 - - (ii) Loans, Advances & Others 17.5
Slide 13: Balance Sheet – As on 30th September 2022
Balance Sheet – As on 30th September 2022 Standalone Consolidated Particulars (Rs. in millions) Sep-22 Mar-22 Sep-22 Mar-22 EQUITY AND LIABILITIES Equity (a) Equity share capital 447.4 447.4 447.4 447.4 (b) Other equity 2,245.1 2,220.6 2,245.0 2,220.5 Total equity 2,692.5 2,668.0 2,692.4 2,667.9 Non
Slide 14: Company overview
OG ) TILES Passion for Innovation 13
Slide 15: Company At Glance
Company At Glance 2 14.6 million sq. m Single Largest Plant Manufacturing Facilities Production Capacity For manufacturing glazed vitrified tiles under one roof Located at Padra & Talod Per annum in India (Unit 2 at Talod) 1000+ 2000+ 25 states Designs Touchpoints serving metro, Domestic presence Ti
Slide 16: Key Milestones
Key Milestones 2012 2015 2022 Began setting up anew project to • Won ‘Best Display Award’ at Décor India Show and won ‘Best Stall’ at Buildtech 2015 manufacture double-charged Crossed annual sales of • Commenced the setting up of a new project at Talod in Sabarkantha district with a vitrified tiles
Slide 17: Our Unique Proposition
Our Unique Proposition Integrated Business Model In House R & D Facilities Low Cost Gas Supply Our is a Integrated Well-equipped in house We have Contract with Business Model leading to cost production facilities and ONGC for Gas Supply at our competitiveness and premium laboratories. Strict quality
Slide 18: Branding & Promotion Activities
Branding & Promotion Activities Exxaro Tiles signed Ajay Devgn as its brand Ambassador “Association with Ajay Devgn will strengthen our brand recall and position our unique offering, both to our valued customers and end-users” Branding activities undertaken: • Tiles display at each counter • Brandin
Slide 19: Manufacturing Facilities
Manufacturing Facilities Unit I – Padra ,Vadodra Unit 2 – Talod,Sabarkantha • Area - 1,23,504 Sq Mt • Area - 37,460 Sq Mt • Production Capacity – 11,000,000 Sq Mt • Production Capacity - 36,00,000 Sq Mt • Exxaro Unit 2 located at Himmatnagar, Sabarkantha in • EXXARO Unit 1 based in Vadodara, Gujarat
Slide 20: Our Way forward
Our Way forward Increase our sales by Expand our dealer enhancing our Improving network in existing Strengthen Brand Increasing our export manufacturing operational markets and Value presence capacities and efficiencies through penetrating new procuring materials Technological markets on an outsourc
Slide 21: Product Profile
OG ) TILES Passion for Innovation 20
Slide 22: Product portfolio
Product portfolio Sizes In MM Tile Categories • 800 X 1600 • 300 X 300 • 600 X 1200 • 300 X 450 1. Double Charged Vitrified Exxaro has been a frontrunner • 800 X 800 • 300 X 600 in manufacturing tiles with: Tiles (DCVT) • 400 X 400 • 600 X 600 • 3D effect in Double Charge 2. Full Body Vitrified Tile
Slide 23: New Product Basket 1600x800 MM Size
New Product Basket 1600x800 MM Size Ancona Shell Dallas Bianco Parrino Silver 22 Exxaro Tiles | NAYE BHARAT KI NAYI PEHCHAN
Slide 24: New Product Basket 1600x800 MM Size
New Product Basket 1600x800 MM Size Dave Grey Dave Nero Adorf Crema 23 Exxaro Tiles | NAYE BHARAT KI NAYI PEHCHAN
Slide 25: New Product Basket 1200x600 MM Size Spanizia Collection
New Product Basket 1200x600 MM Size Spanizia Collection Reven Arena Reven Crema Reven Gris 24 Exxaro Tiles | NAYE BHARAT KI NAYI PEHCHAN
Slide 26: New Product Basket 600x600 MM Size-12 Thick Parking Tile
New Product Basket 600x600 MM Size-12 Thick Parking Tile Scab Grey Square stone Olive Nuton Nero Volte Crema Volte Brown Nuton Grey 25 Exxaro Tiles | NAYE BHARAT KI NAYI PEHCHAN
Slide 27: Our Clientele
Our Clientele 26 Exxaro Tiles | NAYE BHARAT KI NAYI PEHCHAN
Slide 28: Board of Directors
Board of Directors Mr. Mukeshkumar Patel Mr. Kirankumar Patel Mr. Dineshbhai Patel Promoter, Chairman and Promoter & Director Promoter & Director Managing Director (Sales & Marketing) (Operations) • Possesses approximately 20+ years of experience in • Possesses approximately 15+ years of experience
Slide 29: Awards & Recognitions
Awards & Recognitions 28 Exxaro Tiles | NAYE BHARAT KI NAYI PEHCHAN
Slide 30: Quality Certifications
Quality Certifications 29 Exxaro Tiles | NAYE BHARAT KI NAYI PEHCHAN
Slide 31: Historical Annual Performance Trends
Historical Annual Performance Trends Revenue (Rs. In Mn) EBITDA (Rs. In Mn) PAT (Rs. In Mn) 3,253 484 178 181 484 2,551 417 430 2,415 2,407 152 2,198 376 113 1,401 81 136 25 FY18 FY19 FY20 FY21 FY22 H1 FY23 FY18 FY19 FY20 FY21 FY22 H1 FY23 FY18 FY19 FY20 FY21 FY22 H1 FY23 Net Debt(Rs. In Mn) Sales V
Slide 32: Thank You
Thank You Contact Mr. Himanshu Shah (CFO) Khushbu Shah/ Smit Patel Email: cfo@exxarotiles.com Email: khushbu@s-ancial.com/smit@s-ancial.com Tel: 079-30555500 Tel: +91 9820601181 / +91 98927 72406 Exxaro Tiles Limited 12th Floor, D-Block, Ganesh Glory11, Nr. BSNL Office, S-ancial Technologies Pvt. Lt