Everest Industries Limited · NSE:EVERESTIND
Everest Industries — Investor Presentation (May 2013)
33 slides from Everest Industries's investor presentation, May 2013
Slide 1: Investor Presentation May 2013
Investor Presentation May 2013
Slide 2: Safe Harbor
Safe Harbor ➧ This presentation and the accompanying slides (the “Presentation”), which have been prepared by Everest Industries Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any
Slide 3: India growing...
India growing... GDP Growth Construction Sector Growth 9.3% 9.3% 8.6% 6.7% 10.8% 10.2% 6.2% 6.7% 5.3% 5.6% FY08 FY 09 FY 10 FY 11 FY12 FY08 FY 09 FY 10 FY 11 FY 12 Per Capita Income (Rs. ‘000) Gross Capital Formation (% of GDP) 38% 38% 62 36% 36% 53 46 41 34% 36 FY08 FY 09 FY 10 FY 11 FY 12 FY08 FY
Slide 4: Changing trends …
Changing trends … Conventional Products Superior quality products Conventional Technology Newer cost efficient technology New Age, Cost Efficient Building Products from Everest 4
Slide 5: Everest Industries...
= a> Everest Industries... EVEREST
Slide 6: An Overview
An Overview ➧ India’s leading player in providing complete building solution ➧ Wide range of product portfolio Building Products: Fibre Cement Sheets, Roofing Sheets, Fibre Cement Boards Pre-engineered Steel Buildings (PEB) ➧ Well spread manufacturing facilities across India Building Products:
Slide 7: Offers Complete Building Solutions
Offers Complete Building Solutions Everest Industries Building Products Steel Buildings Roofing Products Boards & Panels Pre-Engineered Buildings • Fibre Cement Roofing • Ceilings, Flooring • Polycarbonate • Walling, Claddings Roofing • Panels Smart Steel Buildings Traded Products Metal Roofing • Ro
Slide 8: Provides Strength, Speed & Safety
Provides Strength, Speed & Safety 8
Slide 9: Board of Directors
Board of Directors • MBA from University of Pittsburg, USA, PGDBM from SP Jain Institute of Management & A. V. Somani Research. He has varied experience in area of real estate, construction, textile manufacturing Promoter & Chairman and information management. M. L. Gupta • B. Tech from IIT Kharagpu
Slide 10: Key Management Team
Key Management Team A.V. Somani – Promoter & Chairman Manish Sanghi – Managing Director ➧ Belongs to reputed Industrial family ➧ PGDM from IIM Ahmedabad ➧ PG in management from USA ➧ Experience of over 25 years with leading ➧ Experience in managing diverse businesses enterprises like Castrol, BHEL,
Slide 11: Key Milestones
Key Milestones Year Event 1934 Everest Industries was Setup 2000 Introduced Fibre Cement Boards 2005 Launched Solid Wall Panels 2008 Launched Pre-Engineered Steel Buildings 2009 Introduced Smart Steel Buildings 2011 Launched Metal Roofing 2011 Completed 500 Pre-Engineered Steel Buildings across Indi
Slide 12: Product Portfolio
Product Portfolio Building Products Steel Buildings ➧ Roofing Products ➧ Pre-engineered Buildings Rural housing & cattle/ poultry sheds Factories, warehouse, logistic parks, Factories, warehouses, logistic parks shopping malls Rural prosperity, Govt. thrust on rural Fast Speed of construct
Slide 13: Building Product Segment
~ c oO S 5) oO Y”) —_ S) =) xe) {e) _ al 5) = 3S 'S a
Slide 14: Building Products ...
Building Products ... Consistent increase in building new houses … No. of Houses + 5.6 crores 30.5 RCC 24.9 Pucca Kuccha 2001 2011 … People migrating from Kuccha houses to Pucca & RCC Structures Census : 2001 Census : 2011 RCC, Kuccha, 30% 52% Pucca*, Pucca*, 26% 32% RCC, Kuccha, • Pucca includes GI
Slide 15: Building Product Industry
Building Product Industry ➧ Market size of around Rs.25,000 Crores Roofing Industry Size (Million MT) 4.2 4.07 Market includes Wood based products, Plaster Boards, 4.0 Metal Roofs, Tiles & Fibre Cement Product 3.8 3.69 3.75 ➧ Fibre cement building products around 20% 3.6 3.52 3.4 3.29 Demand gro
Slide 16: Building Products : Distribution Network
Building Products : Distribution Network ➧ 5 operational manufacturing plants across India ➧ 2 tier distribution network ~1,000 stockist ~6,000 retail outlets ➧ 38 sales depot pan India Optimizes Logistics Costs ➧ Premium brand in all markets ➧ Exports to Emerging & New Growing markets Middl
Slide 17: Building Products : Production Capacity
Building Products : Production Capacity ➧ Manufacturing capacity of 710,000 MTPA at 5 locations across India Bhagwanpur, Roorkee, Uttarakhand – North Lakhmapur, Nasik, Maharashtra – West Kymore, Katni, Madhya Pradesh – Central Kolkata, West Bengal – East Podanur, Coimbatore, Tamil Nadu – S
Slide 18: Steel Buildings Segment
[" No Cost Overruns. No Delays. : Now You Can Relax! 5 nen nl ii Hill MK | ————————————— ; i ' ir, 7
Slide 19: Steel Building Industry
Steel Building Industry ➧ Market size of around Rs.18,000 Crores PEB contributes ~25% Growing at a CAGR of over 35% Top 5 players cater to over 40% PEB market ➧ Industrial users Manufacturing industries like automobile, power, engineering goods Services like logistics, warehousing Infras
Slide 20: Steel Buildings : Overview
Steel Buildings : Overview ➧ Manufacturing facility at Roorkee, Uttarakhand Production capacity of 30,000 MTPA One of the best facilities in the Industry ➧ Products developed with International Engineering Software (Everest - MBS) Highly qualified and experienced team ➧ Strong order book Rep
Slide 21: Steel Building : Business Model
Steel Building : Business Model 21
Slide 22: Steel Buildings : Competitive advantages
Steel Buildings : Competitive advantages ➧ Speed : Quicker turnaround 33% of time vis-à-vis conventional construction On site erection using assembly tools without any manufacturing process at location Minimizes project completion risks ➧ Strength : Meets IS and international norms Uniform
Slide 23: Marquee Projects
Marquee Projects Everest Design Centre, Bhagwanpur, Uttrakhand ➧ First of its kind design centre for Pre-Engineered Buildings in the state of Uttarakhand ➧ Project completed in 45 days from Design to Commissioning ➧ Total area of 8,000 sq. ft. ➧ Will house more than 100 Designers ➧ Inaugurated by th
Slide 24: Marquee Project
Marquee Project John Deere Tractors, Manufacturing Facility at Patiyala Tractors Manufacturing facility at Patiala for an area of 100000 sq ft. Most modern Tractor manufacturing plant in India 24
Slide 25: Growth Strategy
Growth Strategy READYMADE WALLS A revolutionary new concept 25
Slide 26: Growth Strategy
Growth Strategy Building Product Segment ➧ Our growth will be higher than industry growth Introducing new products transforming Everest into a Building Solutions company Increasing exports People migrating from Traditional products to New age building products • Availability • Skilled labour •
Slide 27: Financials
Financials Britannia Industries Limited - Biscuit manufacturing factory at Hazipur, Bihar Everest buildings covers an area of over 230,000 sq ft. from RM to FG Similar plants carried out at Khurda, Odisha and Jagadia, Gujarat 27
Slide 28: Profitability Statement - Annual
Profitability Statement - Annual Rs. in Crores FY2013 FY2012 FY2011 FY2010 Revenues 1,014 887 723 652 Raw Material 562 490 386 358 Manpower Cost 92 80 69 63 Other Operating Expenses 262 237 202 167 EBITDA 98 81 66 64 EBITDA Margin 9.6% 9.02% 9.13% 9.82% Other Income 9 18 12 10 Depreciation 22 20 19
Slide 29: Balance Sheet
Balance Sheet Rs. in Crores FY2013 FY2012 FY2011 FY2010 Shareholder’s Fund 290 250 208 174 Share capital 15 15 15 15 Reserves & Surplus 275 234 193 159 Non-current liabilities 91 47 50 67 Long term borrowings 59 16 23 32 Other non-current liabilities 32 31 27 35 Current liabilities 320 224 222 196 S
Slide 30: Financial Highlights
Financial Highlights Sales Revenue EBITDA and Margin (% to Sales) Building Products Steel Buildings 246 223 161 125 91 769 664 562 529 439 FY09 FY10 FY11 FY12 FY13 30 Rs. in Crores
Slide 31: Financial Highlights
Financial Highlights Net Profit and Margin (% to Sales) EPS & DPS 60 6% 5% 5% 5% 5% 50 5% 40 4% 30 3% 3% 53 44* 20 2% 35* 30 10 1% 14 0 0% FY09 FY10 FY11 FY12 FY13 * Adjusted for Income after Tax due to Sale of Land of Rs. 9.15 Crores in Q1 FY12 and Rs. 5.6 Crores in Q3 FY11 31 Rs. in Crores
Slide 32: Financial Highlights
Financial Highlights Networth & Total Debt Capital Employed and RoCE* * * * excludes Debt of Rs. 35 crs. (parked in FD) pending utilisation for CAPEX purpose Rs. in Crores 32 ** RoCE = EBIT / (Networth + Total Debt)
Slide 33: For further information, please contact:
For further information, please contact: Company : Investor Relations Advisors : Everest Industries Ltd. Strategic Growth Advisors Pvt. Ltd. Mr. Rakesh Gupta Mr. Gaurang Vasani / Ms. Payal Dave rakeshgupta@everestind.com vgaurang@sgapl.net / dpayal@sgapl.net www.everestind.com www.sgapl.net 33
Everest Industries — Investor Presentation (May 2013) on 6ix