Pidilite Industries Limited · NSE:PIDILITIND
Pidilite Industries — Q3 FY2020 Earnings Presentation
32 slides from Pidilite Industries's earnings presentation, Jan 30, 2020
Slide 1: Cover letter to stock exchanges: Investor Update
Pidilite -30th January, 2020 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-Kuria Complex, Dalal Street, Fort Bandra (E), Mumbai - 400 001 Mumbai - 400 051 Stock Code — 50
Slide 2: Investor Update: Quarter and nine months ended December 2019
, i....m..,,.. Pidilite Pidilite Industries Limited Investor Update Quarter and nine months ended December 2019 Financial Highlights Coverage Consolidated Standalone Particulars Quarter Nine Quarter Nine Financial Highlights Ended Months Ended Months Business segment wise results Dec’19 Ended De
Slide 3: April – December 2019 performance and segment results
April – December 2019 Consolidated Performance as compared to the previous corresponding nine months ended: Net sales grew by 5.8%. Material cost as a % to net sales is lower by 386 Bps. EBITDA before non-operating income grew by 16.5%. Profit before tax grew by 17.5% (excluding exceptional
Slide 4: Segment and overseas subsidiaries performance
October - December 2019 Net sales of Consumer & Bazaar segment grew by 3.9%. PBIT of Consumer & Bazaar segment grew by 25.4%. Net sales of Industrial Products segment grew by 9.6%. PBIT of Industrial products segment grew by 52.8%. April – December 2019 Net sales of Consumer & Bazaar segment g
Slide 5: Domestic subsidiaries performance
Domestic subsidiaries performance The Company has 11 domestic subsidiaries and 2 partnership firm. The performance of major subsidiaries is detailed below. These are like for like actual reported numbers excluding consolidation impacts. Rs Crores Quarter Ended Nine Months Ended Sales Dec '19 Dec
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 31.12.2019 Rs Crores For the Year For the Quarter ended For the Nine Months ended Sr. Particulars ended No. 31.12.2019 30.09.2019 31.12.2018 31.12.2019 31.12.2018 31.03.2019 Unaudited Unaudited Unaudited Unaud
Slide 8: Notes to the Standalone Financial Results
---- 3 ---- Notes to the Standalone 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 29th January 2020. 2. The Statutory Auditors have carried out a "Limited Review" of the above financials r
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 31.12.2019 Rs Crores For the Quarter ended For the Nine Months ended For the Year ended Sr. Particulars No. 31.12.2019 30.09.2019 31.12.2018 31.12.2019 31.12.2018 31.03.2019 Unaudited Unaudited Unaudited Una
Slide 11: Notes to the Consolidated Financial Results
---- 3 ---- Notes to the Consolidated 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 29th January 2020. 2. The above results comprise the results of Pidilite Industries Ltd. (Holding Compan
Slide 12: Pidilite Industries Ltd. Q3FY20
Pidilite Industries Pidilite Industries Ltd. Ltd. Q3FY20 Q3FY20 Earnings Presentation Earnings Presentation
Slide 13: Disclaimer
Disclaimer ,I,lowniming, Pidilite 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 th
Slide 14: Financial Highlights
Financial Highlights Financial Highlights
Slide 15: Q3FY20 Earnings Summary
Q3FY20 Earnings Q3FY20 Summary Earnings Summary * EBITDA is before non operating income Pidilite Industries Limited 4
Slide 16: 9MFY20 Earnings Summary
9MFY20 Earnings Summary Aommins,„ Pidilite Net Sales EBITDA * PBT PAT Standalone Rs 4,982 Cr Rs 1,200Cr Rs 1,212 Cr Rs 942 Cr YoY Growth 28.0% 16.0% ## Consolidated Rs 5,719 Cr Rs 1,278 Cr Rs 1,248Cr Rs 966 Cr 17.5% 39.6% YoY Growth 16.5% + — + * EBITDA is before non operating income ## Standalone P
Slide 17: Comments on Financial Performance
Comments on Financial Performance ,I,lowniming, Pidilite Standalone • Net Sales grew by 4.6% in Q3. • EBITDA, before non-operating income, at Rs 430 Cr grew by 31.6% over the same period last year on account of lower material cost. Consolidated • Net Sales grew by 4.3% in Q3. • EBITDA, before non-op
Slide 18: Q3FY20 Overseas Subsidiaries Performance
Q3FY20 Overseas Subsidiaries Performance Aigoomma, Pidilite (in INR Crores) Bangladesh North America Sales: 26.0 (PY: 21.4) ih Sales: 30.3 (PY: 25.6) EBITDA: 4.0 (PY: 4.3) Thailand EBITDA: 0.8 (PY: (1.7)) Sales: 15.5 (PY: 20.6) EUR EBITDA: 1.6 (PY: 2.0) Sri Lanka South America Sales: 14.2 (PY: 10.9)
Slide 19: 9MFY20 Overseas Subsidiaries Performance
9MFY20 Overseas Subsidiaries Performance Aigoomma, Pidilite (in INR Crores) Bangladesh North America Sales: 90.5 (PY: 78.0) ih Sales: 88.7 (PY: 74.5) EBITDA: 12.7 (PY: 12.8) Thailand EBITDA: 6.3 (PY: 1.6) Sales: 46.4 (PY: 48.1) EUR EBITDA: 3.7 (PY: 2.7) Sri Lanka South America Sales: 32.9 (PY: 26.5)
Slide 20: Q3FY20 Domestic Subsidiaries Performance
Q3FY20 Domestic Subsidiaries Performance ,40onmas..„ Pidilite 100 82.4 78.7 Sales (in INR Crores) 80 60 47.3 43.8 40.3 40 33.9 Q3, FY 2018-19 20 14.0 15.1 Q3, FY 2019-20 0 Nina Percept Pvt ICA Pidilite Pvt Cipy Others Ltd Ltd Polyurethane Pvt Ltd 10 9.0 8.0 7.8 8 6.8 5.8 6 4 ■Q3, FY 2018-19 EBITDA 2
Slide 21: 9MFY20 Domestic Subsidiaries Performance
9MFY20 Domestic Subsidiaries Performance ,I,lowniming, Pidilite 250 232.7 Sales (in INR Crores) 197.8 200 146.7 150 125.2 113.3 9M FY 2018-19 100 90.5 9M FY 2019-20 45.7 45.7 50 0 Nina Percept Pvt Ltd ICA Pidilite Pvt Ltd Cipy Polyurethane Others Pvt Ltd 30 25.3 25 20.1 20 14.5 EBITDA 15 13.2 12.8 9
Slide 22: Company Overview
Company Overview Company Overview
Slide 23: Company Overview
Company Overview A osioni Pidilite . Brand established in 1959. 8 Regional offices with 23 plants and Pioneer in Consumer and 25 co-makers in India Specialty Chemicals • International manufacturing Adhesives & sealants, facilities in USA, Thailand, Dubai, construction chemicals, art & Brazil, Egypt,
Slide 24: Industry Segment Composition
Industry Segment Composition ,40mmits, Pidilite Industrial Resins (5%) Pigment & Preparation ON \• */ .-Others (1%) Industrial Adhesives (4%) Art/Craft Materials & Others [8%} IP • .II A / 15% N C&B 84% Construction/ • Paint Chemicals (2 0 °A) Adhesives & • Sealants (56%) C&B - Consumer & Bazaar, IP
Slide 25: 5-Year Performance by Business Segments
5-Year Performance by Business Segments ,0•Iimilmt.,, Pidilite Numbers represent Percentage of Total Sales Consumer and Bazaar Products Industrial Products and Others 85% 20% 18% 84% 84% 84% 18% 84% 17% 16% 16% 16% 83% 16% 83% 14% 82% 82% 12% 81% 10% 2014-15 2015-16 2016-17 2017-18 2018-19 2014-15 2
Slide 26: Domestic Presence – India operations
Domestic Presence – India operations ,dommits..„ Pidilite • 5200+ SKUs of 500+ products • 5,000+ distributors • Domestic Revenue of Rs. 5,488 Cr for • 30 warehouses FY19 • 8 regional offices & RDCs • plants, Co-makers Pidilite Industries Limited 15
Slide 27: Global Presence
Global Presence ,rnommins„ Pidilite • Exports to more than 80 countries. Major exports to Middle East, SAARC, Africa, USA & Europe. • Export Turnover of Rs. 607 Cr in FY19. • 19 Overseas subsidiaries - 6 Direct and 13 Step down. 1 Joint Venture. • Total revenue from Overseas subsidiaries of Rs. 523
Slide 28: Marketing/ Advertising
Marketing/ Advertising Pidilite • 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 STONE FIXING 5OLUTOON 5
Slide 29: Shareholding Pattern as of December 31, 2019
Shareholding Pattern as of December 31, 2019 Pidilite 15.11% ■Promoters ■Mutual Funds 11.25% ■FPIs 3.66% Others 69.98% Pidilite Industries Limited 18
Slide 30: Share Price Movement
Share Price Movement ,0•Iimilmt.,, Pidilite Pidilite Sensex 140 130 120 110 100 90 Dec-18 Jan-19 Feb-19 Mar-19 Apr-19 May-19 Jun-19 Jul-19 Aug-19 Sep-19 Oct-19 Nov-19 Dec-19 Dec-19 Rebased to 100 Pidilite Industries Limited 19
Slide 31: Backed by consistent dividend payouts
Backed by consistent dividend payouts ,0•Iimilmt.,, Pidilite 50% 40.6% 40% 38.4% 34.4% 33.1% 33.8% 30% 20% 10% 0% FY15 FY16 FY17 FY18 FY19 Note : The company transitioned into IND AS from 01.04.2015 Pidilite Industries Limited 20
Slide 32: Investor Contacts
Investor Contacts ,oilommits..„ Pidilite e Investor Relations - investor.relations@pidilite.co.in Puneet Bansal, Company Secretary Ramkrishna Mandir Road, Off Mathuradas Vasanji Road, Pidilite Andheri (E), Mumbai - 400 059. Phone : +91 22 28357949 CIN : L24100MH1969PLC014336 Fax : +91 22 28216007
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