Slide 1: Cover letter to BSE and NSE: Investor Update
27th January, 2022 The Secretary The Secretary BSE Ltd. National Stock Exchange of India Ltd. Corporate Relationship Dept., Exchange Plaza, Plot no. C/1, G Block, 14th floor, P. J. Tower, Bandra-Kurla Complex, Dalal Street, Fort Bandra (E), Mumbai - 400 001 Mumbai - 400 051 Stock Code – 500331 Stock
Slide 2: Investor Update: Quarter and nine months ended December 2021
Pidilite Industries Limited Investor Update Quarter and nine months ended December 2021 Financial Highlights Coverage Consolidated Standalone • Financial Highlights Particulars Quarter Nine Quarter Nine • Business segment wise results Ended Months Ended Months • Overseas subsidiaries performance Dec
Slide 3: Financial Highlights
Financial Highlights October – December 2021 Consolidated Performance as compared to the same quarter last year: • Net sales grew by 24.0%. • Material cost as a % to net sales is higher by 1,119 Bps vs same quarter last year and 173 Bps vs sequential quarter. • EBITDA before non-operating income dec
Slide 4: Business Segment Wise Performance – Standalone
Business Segment Wise Performance – Standalone (On a comparable basis) Rs Crores Sr. PARTICULARS Quarter Ended Nine Months Ended No Dec'21 Dec'20 Growth Dec'21 Dec'20 Growth 1 Segment Sales a) Consumer & Bazaar Products (C&B) 1,919.5 1,591.5 20.6% 4,960.7 3,531.8 40.5% b) Business to Business (B2B)
Slide 5: Overseas and domestic subsidiaries performance
Rs Crores Quarter ended Nine month ended Sales Dec-21 Dec-20 Growth Dec-21 Dec-20 Growth Asia 80.9 68.1 18.8% 211.0 152.1 38.7% Middle East and Africa 53.1 43.0 23.4% 152.4 107.4 41.9% Americas 53.4 70.8 -24.6% 169.4 188.7 -10.2% Total 187.4 181.9 3.0% 532.8 448.2 18.9% Rs Crores Quarter ended Nine
Slide 6: Statement of Standalone Unaudited Financial Results
PIDILITE INDUSTRIES LIMITED REGD. OFFICE : 7th Floor, Regent Chambers, Jamnalal Bajaj Marg, 208, Nariman Point, Mumbai - 400 021 Tel No. 91 22 2835 7000 Fax : 91 22 2835 6007 Email address : investor.relations@pidilite.co.in Website : www.pidilite.com CIN : L24100MH1969PLC014336 STATEMENT OF STANDAL
Slide 7: Standalone Unaudited Segment Information
---- 2 ---- STANDALONE UNAUDITED SEGMENT INFORMATION FOR THE QUARTER AND NINE MONTHS ENDED 31.12.2021 Rs Crores For the Quarter ended For the Nine Months ended For the Year ended Sr. Particulars No. 31.12.2021 30.09.2021 31.12.2020 31.12.2021 31.12.2020 31.03.2021 Unaudited Unaudited Unaudited Unaud
Slide 8: Notes to the Standalone Unaudited Financial Results
---- 3 ---- Notes to the Standalone Unaudited Financial Results: 1. The above results have been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on 25th January 2022. 2. The Statutory auditors have carried out a " Limited Review" of the above f
Slide 9: Statement of Consolidated Unaudited Financial Results
PIDILITE INDUSTRIES LIMITED REGD. OFFICE : 7th Floor, Regent Chambers, Jamnalal Bajaj Marg, 208, Nariman Point, Mumbai - 400 021 Tel No. 91 22 2835 7000 Fax : 91 22 2835 6007 Email address : investor.relations@pidilite.co.in Website : www.pidilite.com CIN : L24100MH1969PLC014336 STATEMENT OF CONSOLI
Slide 10: Consolidated Unaudited Segment Information
---- 2 ---- CONSOLIDATED UNAUDITED SEGMENT INFORMATION FOR THE QUARTER AND NINE MONTHS ENDED 31.12.2021 Rs Crores For the Year For the Quarter ended For the Nine Months ended Sr. Particulars ended No. 31.12.2021 30.09.2021 31.12.2020 31.12.2021 31.12.2020 31.03.2021 Unaudited Unaudited Unaudited Una
Slide 11: Notes to the Consolidated Unaudited Financial Results
---- 3 ---- Notes to the Consolidated Unaudited Financial Results: 1. The above results have been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on 25th January 2022. 2. The above results comprise the results of Pidilite Industries Ltd. (Pare
Slide 12: Q3 FY22 Earnings Presentation
Q3’ FY 22 Earnings Presentation
Slide 13: Our Brands
OUR BRANDS ea FEVICOL Feviergt [ral per PERCEPT INSTANT ADHESNE Fevikwi steelorip —, on grupopuma a 7 LITOoKOGL more TERMINATOR’ @iupy Jowatz
Slide 14: Disclaimer
DISCLAIMER This presentation may contain statements which reflect the 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 e
Slide 15: Market Outlook
MARKET OUTLOOK ➢ The business witnessed steady demand conditions in this quarter; increasing covid cases resulting in uncertain operating environment. ➢ Continued, unprecedented inflation in input costs necessitated calibrated pricing actions as well as the need to manage costs aggressively to maint
Slide 16: Financial Highlights
FINANCIAL HIGHLIGHTS
Slide 17: Earnings Summary Q3 FY22
EARNINGS SUMMARY Q3’ FY22 NET SALES EBITDA* PBT* PAT CONSOLIDATED Rs. 2,841 Cr Rs. 550 Cr Rs. 487 Cr Rs. 359 Cr YOY GROWTH 24.0% -14.1% -19.1% -19.5% STAND ALONE Rs. 2,407 Cr Rs. 480 Cr Rs. 434 Cr Rs. 323 Cr YOY GROWTH 23.6% -16.2% -21.0% -21.2% * EBITDA is before non operating income. PBT is Profit
Slide 18: Earnings Summary 9M FY22
EARNINGS SUMMARY 9M’ FY22 NET SALES EBITDA* PBT* PAT CONSOLIDATED Rs. 7,382 Cr Rs. 1,457 Cr Rs. 1,268 Cr Rs. 952 Cr YOY GROWTH 47.0% 19.2% 14.1% 16.3% STAND ALONE Rs. 6,224 Cr Rs. 1,266 Cr Rs. 1,231 Cr Rs. 950 Cr YOY GROWTH 43.6% 10.9% 13.8% # 18.1% # * EBITDA is before non operating income. PBT is
Slide 19: Performance Overview
PERFORMANCE OVERVIEW ➢ Robust double digit revenue growth led by staggered pricing actions and broad-based growth across Consumer and Bazaar (‘C&B’) and Business to Business (‘B2B’) with growth in urban geographies outpacing rural geographies. ➢ Gross Margins continues to get impacted on account of
Slide 20: Overseas Subsidiaries Performance Q3 FY22
OVERSEAS SUBSIDIARIES PERFORMANCE Q3’ FY22 (in INR Crores) Asia Sales Americas 80.9 68.1 Sales 70.8 53.4 EBITDA 13.8 15.1 EBITDA 10.2 0.7 Middle East and Africa Sales 53.1 EBITDA 43.0 -0.2 -1.2 • Amounts are like for like actual reported numbers excluding translations and other consolidation impacts
Slide 21: Overseas Subsidiaries Performance 9M FY22
OVERSEAS SUBSIDIARIES PERFORMANCE 9M’ FY22 (in INR Crores) Asia Sales 211.0 152.1 Americas Sales 188.7 169.4 EBITDA 36.6 23.5 EBITDA 40.6 # Middle East and Africa 12.0 Sales EBITDA 152.4 107.4 -1.9 -4.4 • Amounts are like for like actual reported numbers excluding translations and other consolidatio
Slide 22: Domestic Subsidiaries Performance Q3 FY22
DOMESTIC SUBSIDIARIES PERFORMANCE Q3’ FY22 149.4 INR (Rs in Crore) 150 NET SALES 100 80.1 61.2 62.8 58.6 59.1 50 30.2 38.8 10.2 9.1 0 Nina Percept Pvt Ltd ICA Pidilite Pvt Ltd Cipy Polyurethane Pvt PAPL Others Ltd Q3 FY 21 Q3 FY 22 48.0 43 25.8 EBITDA 18 14.5 9.7 3.8 4.7 1.7 0.1 -7 -1.7 -5.9 Q3 FY 2
Slide 23: Domestic Subsidiaries Performance 9M FY22
DOMESTIC SUBSIDIARIES PERFORMANCE 9M’ FY22 356.6 INR (Rs in Crore) NET SALES 300 174.6 193.8 200 104.5 116.7 93.8 100 56.6 59.1 28.5 18.9 0 Nina Percept Pvt Ltd ICA Pidilite Pvt Ltd Cipy Polyurethane Pvt PAPL Others Ltd 9M' FY 21 9M' FY 22 117.6 95 65 19.9 28.4 25.8 35 9.6 EBITDA 2.7 1.3 5 -25 -23.4
Slide 24: A Company at Glance
A COMPANY AT GLANCE Brand established Adhesives & sealants, History of creating Among the most trusted brands in 1959 construction strong brands in the country. Other big brands Pioneer in chemicals, art & craft include M-Seal, Fevikwik, Fevistik, Consumer & products & polymer Roff, Dr. Fixit, Fevic
Slide 25: Industry Segment Composition
INDUSTRY SEGMENT COMPOSITION 5.9% 6.4% Pigment & Industrial Resins, Preparations Construction chemicals (Project) etc. 0.8% Others 5.7% Industrial Adhesives 7.1% Art & Craft Materials etc. 54.2% 81.2% Adhesives & Consumer & bazaar products 19.9% Sealants Construction & Paint Chemicals 18.0% Business
Slide 26: 5-Year Performance by Business Segments
5-Year Performance by Business Segments Numbers represent Percentage of Total Sales Consumer and Bazaar (C&B) Business to Business (B2B) B2B includes Others also 82% 81% 24% 22% 81% 22% 21% 80% 80% 20% 20% 80% 20% 19% 79% 18% 79% 78% 16% 78% 14% 77% 12% 76% 10% 2016-17 2017-18 2018-19 2019-20 2020-2
Slide 27: Domestic Presence
DOMESTIC PRESENCE INDIA OPERATIONS 6,000+ SKUs of 600+ products Domestic Revenue of Rs. 5,547 Cr for FY21 26 plants, 30 Co-makers 4,800+ distributors 44 warehouses 9 regional offices & 2 RDCs
Slide 28: Share Holding Pattern – December 2021
SHARE HOLDING PATTERN- 31 December 2021 13.95% Promoters 11.65% Mutual Funds FPIs 4.42% Others 69.98%
Slide 29: Marketing & Advertising
MARKETING & ADVERTISING Consistent and effective brand building activities across various categories a. Consumer Adhesives & Sealants b. Craftsmen Adhesives c. Waterproofing Chemicals d. Hobby & Craft Colours Several of the brands are well-known in respective categories (Fevicol, Fevikwik , M-Seal,
Slide 30: Connecting Digitally
CONNECTING DIGITALLY Here's to the phenomenal victory that left generations stuck to Indian cricket! #FevicolKalod #MazbootJod 2 Fevikwik Blink (and tap) twice to fix everything ;) #Fevikwik #PhenkoNahiJodo blink and it’s fixed = HENKO NAHI. ‘S) Hobby Ideas India © 29 ber 2021 a 8 We are here with t
Slide 31: Celebrating Occasions – Digital Way
CELEBRATING OCCASSIONS- DIGITAL WAY
Slide 32: Share Price Movement
SHARE PRICE MOVEMENT 150 140 130 120 110 100 90 80 31-Dec-20 31-Jan-21 28-Feb-21 31-Mar-21 30-Apr-21 31-May-21 30-Jun-21 31-Jul-21 31-Aug-21 30-Sep-21 31-Oct-21 30-Nov-21 31-Dec-21 Pidilite Sensex Rebased to 100
Slide 33: Consistent Dividend Payouts
CONSISTENT DIVIDEND PAYOUTS 50% 40.6% 39.9% 40% 38.1% 36.9% 33.8% 30% 20% 10% 0% FY17 FY18 FY19 FY20 FY21 Note: The Net Profit considered for above calculation is excluding exceptional items
Slide 34: Investor Relations
CIN : L24100MH1969PLC014336 Investor Relations Investor.relations@pidilite.co.in Manisha Shetty [Additional Company Secretary] Ramkrishna Mandir Road, Off Mathuradas Vasanji Road, Andheri (E), Mumbai - 400 059. Phone : +91 22 28357949 Fax : +91 22 28216007