Orient Bell Limited · NSE:ORIENTBELL
Orient Bell — Q4 FY22 Earnings Presentation
27 slides from Orient Bell's earnings presentation, May 18, 2022
Slide 1: Exchange filing cover letter for investor presentation
OBL:HO:SEC:00: New Delhi : 17.05.2022 BSE Limited National Stock Exchange of India Ltd. Corporate Relation Department Exchange Plaza, 1st Floor, New Trading Ring Plot No. C/1, G Block, Rotunga BuildingPhiroze Jeejeebhoy Towers Bandra-Kurla Complex, Dalal Street, Bandra (E) Mumbai - 400 001 Mumbai-40
Slide 2: Next Leg of Growth - Investor Presentation Q4 & FY22
Next Leg of Growth Investor Presentation Q4 & FY22
Slide 3: Disclaimer
Disclaimer This presentation may contain certain forward-looking statements relating to Orient Bell Ltd. and its future business, development and economic performance. These statements include descriptions regarding the intent, belief or current expectations of the Company, its subsidiaries and asso
Slide 4: Orient Bell Limited – a leading manufacturer of tiles
OrientBell Limited – a leading manufacturer of tiles Sikandrabad, UP - 14.1 MSM* Hoskote, KAR - 4.8 MSM Dora, GUJ - 2.4 MSM Morbi, GUJ - 10.0 MSM 5 45 3 State-of-the-art own Facilities 2 JV Facilities +31 Years in Ceramics Industry Million sqmt Annual Capacity (including JV) Strong Balance s
Slide 5: Company Journey & Outlook
Company Journey & Outlook 4
Slide 6: Concerted Efforts On All Fronts … 1/2
Concerted Efforts On All Fronts … 1/2 People Product Brand Building • Strengthen customer-facing teams - 3 • Premiumization of product portfolio with • Investments in marketing increased year New sales branches & 1 Zone added in high-value ceramics & GVT. on year - targeted marketing approach FY22.
Slide 7: Concerted Efforts On All Fronts … 2/2
Concerted Efforts On All Fronts … 2/2 Sales/Distribution Manufacturing Financials • Revived dormant Channel Partners and • Customer Delight initiatives: Quality / • Continue to remain Net Cash Positive focused on addition across markets - 365 Breakages/ Despatches. despite increased Capex and workin
Slide 8: Investments In Growth Ahead
Investments In Growth Ahead Capex Value Restart of MF-2 (Ceramic Floor) – 1.1 MSM capacity – Completed in Q3FY21 Rs 5 crores Projects announced to cater to existing Modernization of MP 1 (Ceramic Wall ) – 0.7 MSM capacity, Completed in Q3FY22 Rs <10 crores geographies (North & East) Debottlenecking
Slide 9: Financial & Operational Highlights
Financial & Operational Highlights 8
Slide 10: Business environment during the quarter
Business environment during the quarter Domestic Demand – Impacted initially due to partial lockdowns post Omicron scare but recovered quickly thereafter. Year end project momentum ensured healthy growth in volumes and revenue. Inflationary pressures continue unabated - steep increases in ra
Slide 11: Quarter Financial Highlights
Quarter Financial Highlights Revenue Volumes ASP +19% +4% +14% Y-o-Y Y-o-Y Y-o-Y Revenue (Rs Cr) Volume (Lac m2) ASP (Rs per m2) 298 276 213.8 266 180.4 74.4 77.6 246 70.0 23.5 243 62.2 25.3 241 118.3 143.8 49.1 54.1 Q4FY21 Q4FY22 Q4FY21 Q4FY22 Q4FY21 Q4FY22 Own Trading+JV Own Trading+JV Own Trading
Slide 12: Annual Financial Highlights
Annual Financial Highlights Revenue Volumes ASP +30% +17% +11% Y-o-Y Y-o-Y Y-o-Y Revenue (Rs Cr) Volume (Lac m2) ASP (Rs per m2) 281 266 650.7 244.7 246 500.0 209.1 259 210.1 74.8 239 169.5 68.8 440.6 169.9 236 330.5 140.3 FY21 FY22 FY21 FY22 FY21 FY22 Own Trading+JV Own Trading+JV Own Trading Blend
Slide 13: Financial Results improved sequentially on a Q-o-Q basis as well
Financial Results improved sequentially on a Q-o-Q basis as well EBITDA and EBITDA Margin 12.5% 9.5% 10.9% 10.80% Total Revenue (in Rs Crores) 213.8 19.5 -4.3% 15.9 19.9 26.6 180.4 182.9 -3.7 167.5 Q4FY21 Q1FY22 Q2FY22 Q3FY22 Q4FY22 EBITDA EBITDA Margin 86.5 PAT & PAT Margin (%) 7.6% 6.4% 4.9% 4.4%
Slide 14: Debt & Working Capital Trend
Debt & Working Capital Trend Debt Working Capital Rs Crores Days DSO DIO DPO Cash Rs 2.9 Net Debt Rs + 48.3 Cash Rs 50.9 53 13 18 Net Debt 60 Rs (-) 19.0 Cash Rs 41.0 30 29 65 46 43 51.2 Net Debt Rs (-) 31.6 31.9 -63 -54 -72 9.4 31-Mar-20 31-Mar-21 31-Mar-22 31-Mar-20 31-03-2021* 31-03-2022* • Cash
Slide 15: Consolidated Abridged Income Statement
Consolidated Abridged Income Statement Quarter Ended Year Ended (Rs. Crore) Q4FY21 Q4FY22 Y-o-Y 12MFY21 12MFY22 Y-o-Y Revenue increase led Revenue from Operations 181.5 216.0 19.0% 502.5 654.3 30.2% by New Products, Other Income 0.6 0.7 21.5% 4.6 3.0 -33.6% Improved Product Mix, ASP increase, Oper
Slide 16: Consolidated Abridged Balance Sheet
Consolidated Abridged Balance Sheet (Rs. Crore) Year ended Liabilities March 31, 2021 March 31, 2022 Equity Share Capital 14.4 14.4 Other Equity 234.9 270.3 Net Worth 249.3 284.8 Borrowings 31.8 9.4 Trade Payables 99.2 99.7 Other Liabilities 46.2 52.1 Liability for Lease Assets 8.0 6.3 Total Liabili
Slide 17: Company Initiatives
Company Initiatives 16
Slide 18: New Product Launches … 1/2
New Product Launches … 1/2 Big Slabs: 800x2400 Granalt Inspire 800x1600 & Art, Hi-Depth Elevation, Pavers, Forever Tiles 17
Slide 19: New Product Launches … 2/2
New Product Launches … 2/2 Launching ~100 new 300x450 mm wall concepts from Finding Innovative Ways To Get Ahead Of the renewed MP plant @ SKD Covid 18
Slide 20: Digital Innovations: New Campaign on Tile Buying & Selling Easy
Digital Innovations : New Campaign on “Tile Buying & Selling Easy” 19
Slide 21: Celebrating our unique Tiles & key customers
Celebrating our unique Tiles & key customers 20
Slide 22: And reclaimed awards too!
And reclaimed awards too ! www.orientbell.com Flooring Tiles Website of the Year Brand of the Year 21
Slide 23: Historical Financials
Historical Financials 22
Slide 24: Historical Annual Performance Trends
Historical Annual Performance Trends Consolidated Figures Revenue (Rs Cr) EBITDA (Rs Cr) PAT (Rs Cr) 32 651 569 59 491 500 39 37 31 9 8 7 FY19 FY20 FY21 FY22 FY19 FY20 FY21 FY22 FY19 FY20 FY21 FY22 Gross Margin* (%) EBITDA Margin (%) PAT Margin (%) 36.2% 35.9% 37.7% 34.2% 9.0% 5.0% 6.8% 7.4% 6.4% 1.
Slide 25: Consolidated Historical Income Statement
Consolidated Historical Income Statement (Rs Crore) FY19 FY20 FY21 FY22 Revenue from operation 571.1 492.3 502.5 654.3 Other Income 1.9 5.3 1.9 3.0 Cost of Goods Sold 256.7 236.3 238.9 270.4 Employee Benefit Expense 75.7 73.6 79.2 92.5 Other Expenses 201.8 156.4 149.2 235.7 Total Operating Expenses
Slide 26: Consolidated Historical Balance Sheet
Consolidated Historical Balance Sheet (Rs Crore) Mar’19 Mar’20 Mar’21 Mar’22 (Rs Crore) Mar’19 Mar’20 Mar’21 Mar’22 Share Capital 14.2 14.3 14.4 14.4 Fixed Assets incl. CWIP 239.8 225.5 201.1 203.6 Reserves 218.3 225.3 234.9 270.3 Shareholders' Funds 232.6 239.6 249.3 284.8 Right-of-use assets - 7.9
Slide 27: Thank You
Thank You Orient Bell Limited Mr. Himanshu Jindal – CFO Mr. Ashish Kapur – AGM Treasury, Investor Relations & Corporate Finance +91-11-4711-9100 (B) investor@orientbell.com www.orientbell.com Pareto Capital (Investor Relations) Ms. Pooja Dokania pooja.dokania@paretocapital.in Mr. Rishav Das rishav.d