Grindwell Norton Limited · NSE:GRINDWELL

Grindwell Norton — Investor Presentation (May 2019)

22 slides from Grindwell Norton's investor presentation, May 31, 2019

  1. Slide 1: Exchange submission letter for investor meet presentation

    ~ SAINT-GOBAIN May 31, 2019 National Stock Exchange of India Limited BSE Limited Exchange Plaza, Bandra Kurla Complex P.J. Towers, Dalal Street Bandra (East), Mumbai 400 051 Mumbai 400 001 Symbol: GRINDWELL Scrip Code No. 506076 Dear Sirs, Sub: Analyst/ Institutional Investor Meet Presentation We su

  2. Slide 2: Grindwell Norton Ltd. Investor Meet

    Grindwell Norton Ltd. Investor Meet 31st May 2019

  3. Slide 3: Key Indicators and Trends

    GNO-Key Indicators Key Indicators and Trends and Trends 2

  4. Slide 4: Key Financial Indicators

    KEY FINANCIAL INDICATORS (Rs. Crores) Key Financials (as published) FY 18-19 FY 17-18 Growth % Revenue from Operations 1598 1454 9.9% Operating Profit (PBIT) 262 229 14.4% Profit Before Tax 260 228 14.2% Net Profit for the period 169 151 11.7% Revenue from Operations (net of Excise Duty) 1598 1431 1

  5. Slide 5: Revenue from Operations bridge

    Revenue from Operations bridge ' Apr-Mar 18* ► Apr-Mar 19 Rs. 1431 Rs. 1598 Increase Rs.167 crores (+11.7%) (Rs. Crores) 75 8 1,598 PCR 29.3% PPL 14.5% Abrasives 9.2% 5.9% 5.3% 0.6% Apr-Mar 18 Abrasives C&P Others Apr-Mar19 *FY 2017-18 numbers are net of excise duty ~ SAINT·GOBAIN

  6. Slide 6: Revenue from Operations bridge

    Revenue from Operations bridge FY 2016-17* FY 2017-18* FY 2018-19 Rs. 1263 Rs. 1431 Rs. 1598 (+13.3%) (+11.7%) (Rs. Crores) 75 8 1,598 Abrasives ~ 4% 27 80 Apr-Mar 17 Abrasives C&P Others Apr-Mar 18 Abrasives C&P Others Apr-Mar19 *FY 2016-17 and FY 2017-18 numbers are net of Excise duty ~ SAi NT·GOB

  7. Slide 7: Revenue from Operations bridge

    Revenue from Operations bridge ► Apr- Mar 18* Apr- Mar 19 Rs. 1431 Rs. 1598 Increase Rs.167 crores (+11.7%) (Rs. Crores) 14 7 1,598 63 19 4.5% 1.3% 4.4% 1.0% 0.5% Apr-Mar 18 Domestic volume Export volume Price Service income Other OP income Apr-Mar19 *FY 2017-18 numbers are net of Excise duty ~ SAi

  8. Slide 8: Revenue from Operations bridge

    Revenue from Operations bridge rs. r.. FY 2016-17* .... FY 2017-18* FY 2018-19 Rs. 1263 ,.. Rs. 1431 Rs. 1598 (+13.3%) (+11.7%) (Rs. Crores) Abrasives ~ 4% 63 ..... __. 14.------- 7 1,598 19 64 22 ii 120 ,_1~23.-.........!4~----- r-7(1) 1)~ 'o'""~ ri~" ~ SAi NT·GOBAI N 7*FY 2016-17 and FY 2017-18 nu

  9. Slide 9: Abrasives - Revenue from Operations bridge

    Abrasives - Revenue from Operations bridge ► FY 2017-18* FY 2018-19 Rs. 893 Increase Rs. 82 crores ( +9.2%) Rs. 975 (Rs. Crores) Abrasives ~ 4%31 3 975 65 (3) (14) 893 Domestic Volume Price Other Op Income 2017-18 Export Volume HML Price 2018-19 *FY 2017-18 number is net of Excise duty ~ SAi NT-GOBA

  10. Slide 10: GNO: Domestic & Export Sales of Products

    GNO: DOMESTIC & EXPORT SALES OF PRODUCTS (NET OF EXCISE UPTO FY 2017-18) (Rs. Crores) - 1,479 1,510 GNO Total Sales CAGR: GNO (Total) • Domestic 2005 to 2018-19 : 12.6% 1333 1,260 Exports 1186 1,300 1084 1088 1,184 1,010 915 923 781 884 • • 957 1,062 760 813 • • 820 946 790 CAGR (2005 to 2018-19): 5

  11. Slide 11: GNO, Abrasives, C&P Sales of Products

    GNO, ABRASIVES, C&P SALES OF PRODUCTS (NET OF EXCISE UPTO FY 2017-18) (Rs. Crores) (Rs. Crores) - GNO Total Sales CAGR: 1,500 1479 GNO (Total) 2005 to 2018-19 : 12.6% 1333 1,200 • Abrasives 1186 C&P 1084 1088 923 CAGR 2005 to 2018-19 : 884 915 • 900 - Abrasives : 11.5% 781 • • 887 968 - C&P : 16.4%

  12. Slide 12: Key Financial Indicators

    KEY FINANCIAL INDICATORS (Rs. Crores) Key Financials (as published) FY 18-19 FY 17-18 Growth % Revenue from Operations 1598 1454 9.9% Operating Profit (PBIT) 262 229 14.4% Profit Before Tax 260 228 14.2% Net Profit for the period 169 151 11.7% Revenue from Operations (net of Excise Duty) 1598 1431 1

  13. Slide 13: Operating Profit bridge

    Operating Profit bridge ' Apr-Mar 19 ► Apr-Mar 18 Rs. 229 Rs. 262 Increase Rs. 33 crores (+14.4%) (Rs. Crores) 9 262 (1) Apr-Mar 18 Abrasives C&P Others Unallocated Apr-Mar19 ~ Income/ SAi NT·GOBAI N Expense

  14. Slide 14: Operating Profit bridge

    Operating Profit bridge - I', FY 2016-17 FY 2017-18 FY 2018-19 Rs.182 Rs. 229 Rs.262 (+25.8%) (+14.4%) (Rs. Crores) 9 262 Abrasives ~ 4% (1) 23 3 Apr-Mar 17 Abrasives C&P Others Unallocated Apr-Mar 18 Abrasives C&P Others Unallocated Apr-Mar19 ~ Income/ Income/ Expense Expense 13 SAi NT-GOBAI N

  15. Slide 15: Operating Profit bridge

    Operating Profit bridge ' Apr-Mar 19 ► Apr-Mar 18 Rs. 229 Rs. 262 Increase Rs. 33 crores (+14.4%) (Rs. Crores) 34 61 229 (63) RM Rate (24) Exchange impact (24) Energy (10) (16) (5) - 22 262 Price Input Cost Other Expenses Apr-Mar19 Apr-Mar 18 Volume & Mix Staff Cost Service & Other Income

  16. Slide 16: Operating Profit bridge

    Operating Profit bridge - I'- FY 2016-17 FY 2017-18 FY 2018-19 Rs.182 Rs. 229 Rs.262 (+25.8%) (+14.4%) (Rs. Crores) 34 Abrasives ~ 4% 61 22 (16) (5) 1s2 ____ 7 _ ~ ~ ~ i:i' i:i' ~ i:i' i:i' ~ Cb Cb ·~ Cbr,,, ·~ ~ ~ Q..' c.,o cf ~ °" I ~ ~ Q..' c.,o c.,o ~ °" I ~ ~ I °" I °" Cb 0 Cb 0 ~ ~ $: f ·~ (.j

  17. Slide 17: GNO, Abrasives, C&P – Operating Profit (PBIT)

    GNO, ABRASIVES, C&P – OPERATING PROFIT (PBIT) (Rs. Crores) - GNO (Total) • Abrasives C &P 262 245 GNO Op. Profit CAGR: 229 2005 to 2018-19 : 13.0% 195 182 CAGR 2005 to 2018-19: - 164 Abr. : 11.1% 157 149 145 C&P : 14.4% 134 126 139 126 125 112 98 97 100 101 88 88 95 83 80 78 75 69 59 61 60 54 49 • 5

  18. Slide 18: GNO Profits – Operating Profit (PBIT) & PAT

    GNO PROFITS – OPERATING PROFIT(PBIT) & PAT 300 (Rs. Crores) GNO Op. Profit CAGR: GNO PAT CAGR - 2005 to 2018-19: 13.0% 262 2005 to 2018-19: 12.8% 250 229 200 150 - PBI T PAT 126 149 139 125 157 164 182 169 98 151 100 83 80 121 69 106 54 104 97 103 50 86 84 57 55 64 46 0 35 2006 2005 2007 2008 15/16*

  19. Slide 19: GNO Profitability – ROCE & OP Margin

    GNO PROFITABILITY – ROCE & OP MARGIN (%) ROCE Operating Margin 40 20 18.7 ROCE% 18.7 OP Margin 35 18 17.1 16.2 16.4 16.0 15.7 30 16 30.7 29.2 14.5 14.4 29.2 15.1 13.5 13.9 25 26.8 14 24.9 23.9 23.9 23.6 22.8 20 20.9 12 20.1 19.5 15 10 2007 2008 09/10 10/11 11/12 12/13 13/14 14/15 15/16 16/17 17/18 1

  20. Slide 20: GNO: Capex in Rs. Crores & as % Sales

    GNO: CAPEX IN RS. CRORES & AS % SALES 130 12 Capex % 107 97 Capex value 110 12.1 10 10.6 90 9.7 Crores Capex in Rs. 8 59 62 70 Capex % 6 7.3 47 43 41 50 37 4.6 36 3.7 4 25 29 4.6 30 3.8 4.2 33 3.3 3.5 2 2.7 10 0 (10) 2007 2008 09/10 10/11 11/12 12/13 13/14 14/15 15/16 16/17 17/18 18/19 Source: Inter

  21. Slide 21: GNO – Dividend Per Share & Dividend Payout (%)

    GNO – DIVIDEND PER SHARE & DIVIDEND (+ DDT) PAYOUT (%) 8.0 51% 48% 50% 47% 45% 43% 45% 43% 43% 45% 7.0 42% 43% 39% 40% 40% 40% 38% 6.0 6.00 5.0 30% 5.00 4.0 4.00 20% 4.00 3.25 3.25 3.25 3.0 3.00 3.00 3.25 3.25 2.0 10% 2.00 Dividend (+DDT) Payout (%) 1.75 1.0 1.25 1.40 Dividend Per Share (Rs.)** 0% 0

  22. Slide 22: Thank You

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