Hpl Electric & Power Limited · NSE:HPL
Hpl Electric & Power — Q3 FY19 Earnings Presentation
29 slides from Hpl Electric & Power's earnings presentation, Feb 13, 2019
Slide 1: Regulation 30 disclosure cover letter to stock exchanges
13th February, 2019 The Manager, BSE Limited Listing Department, 25th Floor, New Trading Ring, Rotunda National Stock Exchange of India Ltd. Building, Phiroze Jeejeebhoy Towers, “Exchange Plaza”, C-1, Block G, Dalal Street, Fort, Bandra-Kurla Complex, Bandra (E), Mumbai – 400 001 Mumbai – 400 051 Sy
Slide 2: Q3 & 9M FY19 Results Update
HPL ELECTRIC & POWER LIMITED Q3 & 9M FY19 RESULTS UPDATE FEBRUARY 2019 1
Slide 3: Disclaimer
DISCLAIMER This presentation and the following discussion may contain “forward looking statements” by HPL Electric & Power Limited (“HPL” or the Company) that are not historical in nature. These forward looking statements, which may include statements relating to future results of operations, financ
Slide 4: Discussion Summary
Slide 5: Quarterly Update
QUARTERLY UPDATE
Slide 6: Q3 FY19: All major businesses displaying positive growth trajectory
Q3 FY19: ALL MAJOR BUSINESSES DISPLAYING POSITIVE GROWTH TRAJECTORY Revenues In Rs Crore Metering orders worth Rs. 19.8 cr got shifted to Q4 due to inspection delays Metering Business 160.3 153.6 139.8 Strong Revival In Metering 127.3 123.1 115.6 119.6 112.2 Business Over Last 8 Quarters 134.7 Switc
Slide 7: Q3 & 9M FY19: YoY Highlights
Q3 & 9M FY19: YoY HIGHLIGHTS In Rs Crore NET REVENUES & GROSS MARGIN EBITDA & EBITDA MARGIN PAT & PAT MARGIN 34.5% 35.4% 11.0% 12.4% 3.2% 2.6% 276.3 30.3 32.1 259.4 8.8 6.7 Q3 FY18 Q3 FY19 Q3 FY18 Q3 FY19 Q3 FY18 Q3 FY19 NET REVENUES * & GROSS MARGIN EBITDA & EBITDA MARGIN PAT & PAT MARGIN 36.0% 34.
Slide 8: Q3 FY19: YoY Segment Analysis
Q3 FY19: YoY SEGMENT ANALYSIS In Rs Crore SEGMENT REVENUE AND EBIT MARGIN • Metering revenues declined by 12% YoY due to 276.3 % EBIT Margin Q3 FY18 Q3 FY19 lower dispatch as a result of inspection delays. 259.4 22.6 15.3 Wires & Cables 6.2% 4.0% 48.7 • These orders will get dispatched in Q4 FY19, i
Slide 9: 9M FY19: YoY Segment Analysis
9M FY19: YoY SEGMENT ANALYSIS In Rs Crore SEGMENT REVENUE AND EBIT MARGIN • Metering revenues grew by 9% YoY 806.0 % EBIT Margin 9M FY18 9M FY19 • Metering margin declined due to impact of 721.8 80.2 higher polycarbonate prices in the first 2 81.2 139.6 Wires & Cables 7.2% 4.1% quarters of CY18. How
Slide 10: Revenue Break-up – B2C v/s B2B
REVENUE BREAK-UP – B2C V/S B2B 9M FY19 Revenues – Rs. 806 crores B2C B2B 56% 44% B2C includes Non-utility Metering, Switchgear, Lighting and Wires & Cables Segment Revenues B2B includes Metering Revenues from Utilities and EESL. 9
Slide 11: Q3 FY19: QoQ Segment Analysis
Q3 FY19: QoQ SEGMENT ANALYSIS In Rs Crore SEGMENT REVENUE AND EBIT MARGIN 286.5 % EBIT Margin Q2 FY19 Q3 FY19 259.4 24.0 • Revenues declined QoQ due to decline in 15.3 Wires & Cables 4.1% 4.0% 45.9 52.1 Metering segment caused by delay in dispatch 56.3 Lighting 12.6% 11.4% of orders. These will be i
Slide 12: Robust Order Book & Outlook
ROBUST ORDER BOOK & OUTLOOK ORDER BOOK (RS CR) – NET OF TAXES New Metering Orders: 519.1 • Rs 112 crores orders for meters with 502.7 507.5 4.5 12.3 Smart Communication Technologies 4.2 11.6 4.8 13.4 17.5 26.9 from two utilities. This includes supply 30.3 & installation of - • 1P Static Energy Meter
Slide 13: Consolidated Profit & Loss Statement
CONSOLIDATED PROFIT & LOSS STATEMENT Particulars (in Rs. Cr.) Q3 FY19 Q3 FY18 YoY% Q2 FY19 QoQ% 9M FY19 9M FY18 YoY% Net Revenue from Operations (Net of Excise) 259.4 276.3 -6.1% 286.5 -9.4% 806.0 721.8 11.7% COGS 167.7 180.9 -7.3% 191.7 -12.5% 529.9 461.9 14.7% Gross Profit 91.7 95.4 -3.8% 94.8 -3.
Slide 14: Key Product Updates
KEY PRODUCT UPDATES Highlight of Product launches in 2018 Trios Lighting High lumens package RCA die cast formed housing with UV and corrosion resistance for durability, ‘Thermo - painting finish in architectural white black grey &red etc Best for architecture lighting applications. Rays Lighting Hi
Slide 15: Marketing Campaigns & Activations
MARKETING CAMPAIGNS & ACTIVATIONS Retail / BTL Activities 14
Slide 16: Marketing Campaigns & Activations
MARKETING CAMPAIGNS & ACTIVATIONS Social Media & PR Promotions 15
Slide 17: Channel Connect and Dealer Meets
CHANNEL CONNECT AND DEALER MEETS 16
Slide 18: International Exhibitions
INTERNATIONAL EXHIBITIONS 17
Slide 19: Company Overview
Slide 20: Brief Profile
BRIEF PROFILE • HPL is an established electric equipment manufacturer in India - market leader in electricity energy meters (20% mkt. share) & on-load change-over switches (50% mkt. share), 5th largest LED manufacturer, 5% mkt. share in LV switchgears BUSINESS • 40+ year old established brand with s
Slide 21: Wide-Ranging Product Portfolio
WIDE-RANGING PRODUCT PORTFOLIO Metering Solutions Switchgears Lighting Equipment Wires and Cables Smart Meter Industrial Applications Consumer LED Products ACB MCCB Phase Selector Aries LED LED Glow 9W Fire Resistant Cables Net Meter Domestic Applications Commercial LED Products HPL is the “ONE-STOP
Slide 22: Strong R&D Thrust – Continuous Technology Upgradation
STRONG R&D THRUST – CONTINUOUS TECHNOLOGY UPGRADATION FOCUS ON CONTINUOUS R&D TO LAUNCH AND MARKET EXCITING NEW INNOVATIVE PRODUCTS LOADED WITH IMPROVED FEATURES, ENERGY EFFICIENCY, AUTOMATION AND COMMUNICATION Metering Solutions Switchgears Solar Net Meter Solar AC Solar DC Distribution Box Distrib
Slide 23: State of Art Manufacturing Facilities
STATE OF ART MANUFACTURING FACILITIES GURGAON JABLI Facility I: • Products: MCBs, distribution boards and panels, MCB isolators, MCB changeover switches, earth leakage circuit breaker and switches, energy Gurgaon Facility I: meters and parts of lighting equipment • Products: Electronic static energy
Slide 24: State of Art Manufacturing Facilities
STATE OF ART MANUFACTURING FACILITIES KUNDLI GHARAUNDA Facility I: Facility II: • Products: Switchgears and parts of • Products: Lighting equipment • Products: Wires and Cables electronic energy meters and parts of • Capacity: 194.4 Mn meters • Capacity: 26 Million Units lighting equipment • Capacit
Slide 25: Established Pan-India Distribution Network & Brand Presence
ESTABLISHED PAN-INDIA DISTRIBUTION NETWORK & BRAND PRESENCE Head Office Branch Office ESTABLISHED PAN-INDIA DISTRIBUTION NETWORK & BRAND PRESENCE Works TO CAPTURE SIGNIFICANT GROWTH POTENTIAL IN ELECTRICAL EQUIPMENT INDUSTRY 90+ Branch Offices 21 Warehouses across India 1,200 Authorized Dealers and
Slide 26: Extensive Experience, Established Relationships, Strong Credentials
EXTENSIVE EXPERIENCE, ESTABLISHED RELATIONSHIPS, STRONG CREDENTIALS STRONG EXECUTION, ESTABLISHED RELATIONSHIPS AND STRONG PRE-QUALIFICATION CREDENTIALS MAKE HPL A PREFERRED SUPPLIER OF THE SPECIALISED ELECTRICAL EQUIPMENTS EXTENSIVE EXPERIENCE ESTABLISHED RELATIONSHIPS STRONG PRE-QUALIFICATION CRED
Slide 27: Shareholding Structure
Slide 28: Shareholding Structure
SHAREHOLDING STRUCTURE SHAREHOLDING – 31ST DECEMBER 2018 KEY INVESTORS – 31ST DECEMBER 2018 % Holding HDFC AMC 6.03% Public, 20.90% EQ India Fund 0.67% Institutions, Source – Company 6.85% Promoters, 72.25% Source – BSE 27 27
Slide 29: Contact details
K. a Mr. Gautam Seth Joint Managing Director Email: gautamseth@hplindia.com DICKENSON Mr. Arun Prakash/ Mr. Nilesh Dalvi IR Consultant Email: arun.prakash@dickensonir.com / nilesh.dalvi@dickensonir.com Contact no: +91 9920993892 / +91 98192891311