Asian Paints Ltd. · NSE:ASIANPAINT
Asian Paints — FY2014 Earnings Presentation
29 slides from Asian Paints's earnings presentation, May 15, 2014
Slide 1: Investor Presentation 12M: FY 2013-14
INVESTOR PRESENTATION 12M : FY 2013-14 15th May 2014
Slide 2: Disclaimer
Disclaimer This presentation may contain statements which reflect Management’s current views and estimates and could be construed as forward looking statements. The future involves certain risks and uncertainties that could cause actual results to differ materially from the current views being expre
Slide 3: Economic Environment, Company Performance, Business Review, Risks and Outlook
Economic Environment Company Performance Business Review Risks and Outlook
Slide 4: Economic Environment, Company Performance, Business Review, Risks and Outlook
Economic Environment Company Performance Business Review Risks and Outlook
Slide 5: Economic Environment: Global
Economic Environment GLOBAL FY 14 – a year of economic revival; particularly in the developed world US gained momentum Euro Zone out of recession led by strong growth in Germany & France However, concerns on the sovereign debt levels still persist Japan exited deflation, recovery gaining g
Slide 6: Economic Environment: India
Economic Environment INDIA Growth at decadal lows, from 8% levels in 2004 to sub 5% Marginally higher at 4.9% in FY 14 as compared to 4.5% in FY 13 Helped by revival in agriculture Persistent slowdown in Industrial sector, inspite of Government push Elevated inflation levels Eased off in
Slide 7: Economic Environment, Company Performance, Business Review, Risks and Outlook
Economic Environment Company Performance Business Review Risks and Outlook
Slide 8: Corporate Highlights for FY 2013-14
Corporate Highlights for FY 2013-14 Consolidated income from operations grew 16.2% at Rs 12,714.8 crores (USD 2.1 Bn) Consolidated PBDIT grew 15.4% to Rs 1997.9 crores First year of operations in Home Improvement business post acquisition of Sleek Increased stake in BIL to 96.79% during the
Slide 9: Corporate Highlights for FY 2013-14
Corporate Highlights for FY 2013-14 Ceased manufacturing activity at the Bhandup plant with effect from 5th May 2014 Impact of about Rs. 28 crores in FY 14-15 for total Voluntary Retirement/ Separation Scheme/ relocation compensation Agreement signed in Apr‟14 with Kadisco Chemical Industry PL
Slide 10: Financials Q4 FY 2013-14
Financials Q4 FY 2013-14 CONSOLIDATED (Rs Crs) 2013-14 2012-13 Growth % Income from Operations 3,307.1 2,710.0 22.0% PBDIT 485.1 393.0 23.4% PBDIT% 14.67% 14.50% PAT after Minority Interest 287.4 251.1 14.5% STANDALONE (Rs Crs) 2013-14 2012-13 Growth % Income from Operations 2,724.0 2,229.6 22.2% PB
Slide 11: Financials 12M FY 2013-14
Financials 12M FY 2013-14 CONSOLIDATED (Rs Crs) 2013-14 2012-13 Growth % Income from Operations 12,714.8 10,938.6 16.2% PBDIT 1,997.9 1,732.0 15.4% PBDIT% 15.71% 15.83% PAT after Minority Interest 1,218.8 1,113.9 9.4% STANDALONE (Rs Crs) 2013-14 2012-13 Growth % Income from Operations 10,418.8 8,960
Slide 12: Standalone Income from Operations – YoY Growth
Standalone Income from Operations – YoY Growth Growth over Last Year
Slide 13: Dividend
DIVIDEND In FY 2013-14* Total Dividend of Rs. 5.30 per share Final dividend of Rs. 4.20 per share Interim dividend of Rs. 1.10 per share Payout ratio of 50.9% for the year (on standalone financials) In FY 2012-13 Total Dividend of Rs. 46.00 per share Final dividend of Rs. 36.50 per s
Slide 14: Economic Environment, Company Performance, Business Review, Risks and Outlook
Economic Environment Company Performance Business Review Risks and Outlook
Slide 15: Business Review – Decoratives India
Business Review – Decoratives India Demand Conditions resilient inspite of overall sluggish environment Double digit volume growth led by Tier 2 & Tier 3 cities Emulsions continue to do well Depreciation in currency impacted the material costs Cumulative Price increase during FY 2013-14 is
Slide 16: Business Review – Decoratives India
Business Review – Decoratives India Brands Campaign on „Har Ghar Kuch Kehta Hai‟ to create positive emotions around the brand “Smart Choice” campaign on Tractor Emulsions Relaunch of Apcolite with Rahul Dravid as the brand ambassador Products Launched Apcolite Advanced to bridge gap between
Slide 17: Business Review – Decoratives India
Business Review – Decoratives India Ezycolour store, Kolkata
Slide 18: Business Review – International
Business Review – International International business performed well led by good growth in some key markets: Good growth in Asia and Middle East, particularly in Bangladesh, Nepal & Emirates Political turmoil in Egypt and Bahrain continued Caribbean region continues to see an economic slowd
Slide 19: Business Review – Industrial India
Business Review – Industrial India PPGAP Automotive segment faced strong pressure due to subdued demand General Industrial and Refinish did well in spite of the slowdown Margins better compared to previous year due to lower inflation in material cost and better operational efficiencies APPPG
Slide 20: Business Review – Home Improvement
Business Review – Home Improvement First year of operations of Sleek post acquisition by Asian Paints Limited Revenue of Rs. 79.3 crores for the period from 8th Aug 2013 Plans for future growth of the business finalized Expansion of network, deriving synergies with Asian Paints dealer networ
Slide 21: Economic Environment, Company Performance, Business Review, Risks and Outlook
Economic Environment Company Performance Business Review Risks and Outlook
Slide 22: Outlook
Outlook Signs of recovery in the Indian economy, chances of higher growth in FY 14 -15 Political outcome from General Elections to play a key role Investments cycle expected to improve if election throws a clear mandate Fractured mandate might have a adverse impact on sentiments Concerns o
Slide 23: Thank You
Thank You co asianpaints
Slide 24: Annexures
Annexures co asianpaints
Slide 25: Standalone Q4 FY 2013-14
Standalone Q4 FY 2013-14 Rs Crores Particulars Q4 13-14 Q4 12-13 Gr% Income from Operations 2,724.0 2,229.6 22.2% Material Cost 1,571.3 1,250.1 25.7% Employee Remuneration 102.5 104.9 -2.3% Other Expenses 626.3 520.9 20.2% PBDIT 423.9 353.7 19.8% Depreciation 53.8 40.1 34.2% Profit from operations 3
Slide 26: Consolidated Q4 FY 2013-14
Consolidated Q4 FY 2013-14 Rs Crores Particulars Q4 13-14 Q4 12-13 Gr% Income from Operations 3,307.1 2,710.0 22.04% Material Cost 1,922.6 1,544.4 24.5% Employee Remuneration 176.1 160.1 10.0% Other Expenses 723.3 612.5 18.1% PBDIT 485.1 393.0 23.4% Depreciation 62.2 48.9 27.3% Profit from operation
Slide 27: Standalone 12M FY 2013-14
Standalone 12M FY 2013-14 Rs Crores Particulars FY 13-14 FY 12-13 Gr% Income from Operations 10,418.8 8,960.1 16.3% Material Cost 5,940.0 5,163.4 15.0% Employee Remuneration 482.4 404.6 19.2% Other Expenses 2,219.1 1,844.8 20.3% PBDIT 1,777.3 1,547.3 14.9% Depreciation 212.32 127.0 67.2% Profit from
Slide 28: Consolidated 12M FY 2013-14
Consolidated 12M FY 2013-14 Rs Crores Particulars FY 13-14 FY 12-13 Gr% Income from Operations 12,714.8 10,938.6 16.2% Material Cost 7,340.7 6,413.0 14.5% Employee Remuneration 759.7 623.6 21.8% Other Expenses 2,616.5 2,170.1 20.6% PBDIT 1,997.9 1,732.0 15.4% Depreciation 245.7 154.6 58.9% Profit fr
Slide 29: Key Ratios
Key Ratios Standalone Consolidated % to Income From Operations FY 13-14 FY 12-13 FY 13-14 FY 12-13 Material Cost 57.0% 57.6% 57.7% 58.6% PBDIT 17.1% 17.3% 15.7% 15.8% PBT 16.4% 16.9% 14.5% 15.1% PAT 11.2% 11.7% 9.9% 10.6% For Standalone & Consolidated results PBT is before EOI For Consolidated resul