Hpl Electric & Power Limited · NSE:HPL
Hpl Electric & Power — Q2 FY20 Earnings Presentation
27 slides from Hpl Electric & Power's earnings presentation, Nov 14, 2019
Slide 1: Regulation 30 disclosure letter to stock exchanges
14th November, 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: Q2 & H1 FY20 Results Update
THE POWER OF TECHNOLOGY MCCB HPL ELECTRIC & POWER LIMITED Q2 & H1 FY20 RESULTS UPDATE November 2019 HPL ELECTRIC & POWER LIMITED Q1 FY19 RESULTS UPDATE AUGUSTLED 2018 BULB 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: Quarterly Update, Company Overview, Shareholding Structure
Quarterly Update Company Overview Shareholding Structure
Slide 5: Quarterly Update
QUARTERLY UPDATE
Slide 6: Q2 FY20: Key Highlights
Q2 FY20: KEY HIGHLIGHTS ▪ Continued traction in Metering business - Reported Growth of 22% QoQ and 3% YoY to INR 165.3 Crores Healthy Growth in Lighting ▪ Lighting business witnessed double-digit growth - buoyed by the festive season, and good traction in the retail category & Metering Business ▪ He
Slide 7: Q2 & H1 FY20: YoY Highlights
Q2 & H1 FY20: YoY HIGHLIGHTS In Rs Crore NET REVENUES & GROSS MARGIN EBITDA & EBITDA MARGIN PAT & PAT MARGIN 36.8% 12.9% 33.1% 11.7% 2.7% 2.8% 286.5 272.0 33.4 35.1 7.8 7.5 -5 % 5% -4 % Q2 FY19 Q2 FY20 Q2 FY19 Q2 FY20 Q2 FY19 Q2 FY20 NET REVENUES* & GROSS MARGIN EBITDA & EBITDA MARGIN PAT & PAT MARG
Slide 8: Q2 FY20: YoY Segment Analysis & Business Outlook
Q2 FY20: YoY SEGMENT ANALYSIS & BUSINESS OUTLOOK In Rs Crore SEGMENT REVENUE AND EBIT MARGIN • Metering revenues grew by 22% QoQ and 3% YoY - o Timely execution of orders 286.5 % EBIT Margin Q2 FY19 Q2 FY20 o EBIT Margins expanded by ~80 bps on account of 272.0 higher revenue base coupled with bette
Slide 9: H1 FY20: YoY Segment Analysis
H1 FY20: YoY SEGMENT ANALYSIS In Rs Crore SEGMENT REVENUE AND EBIT MARGIN 546.5 520.0 % EBIT Margin H1 FY19 H1 FY20 64.8 38.9 87.6 86.1 Metering 13.9% 14.6% 110.4 94.0 Switchgear 18.9% 18.5% Lighting 12.2% 10.2% 283.4 300.8 Wires & Cables 4.1% 4.0% H1 FY19 H1 FY20 SEGMENT REVENUE SHARE % H1 FY19 H1
Slide 10: H1 FY20: Revenue Breakup – B2C vs. B2B
H1 FY20: REVENUE BREAKUP – B2C vs. B2B H1 FY20 Revenues – Rs 520.2 crore B2C, 46% B2B, 54% B2C includes Non-utility Metering, Switchgear, Lighting and Wires & Cables Segment Revenues B2B includes Metering Revenues from Utilities and EESL 9 9
Slide 11: Robust Order Book & Outlook
ROBUST ORDER BOOK & OUTLOOK ORDER BOOK (Rs CRORE) – NET OF TAXES 575.4 519.1 1.4 507.5 9.5 508.4 502.7 9.9 4.2 4.8 4.5 2.6 11.6 12.3 17.5 9.3 10.0 30.3 13.4 26.9 390.3 1.1 8.2 19.6 554.6 456.6 462.4 484.7 486.5 361.4 Jul-18 Oct-18 Feb-19 May-19 Aug-19 Nov-19 Metering Switchgear Lighting Wires & Cabl
Slide 12: Consolidated Profit & Loss Statement
CONSOLIDATED PROFIT & LOSS STATEMENT Particulars (In Rs. Cr.) Q2 FY20 Q2 FY19 YoY% Q1 FY20 QoQ% H1 FY20 H1 FY19 YoY% Net Revenue from Operations (Net of Excise) 272.0 286.5 -5.0% 248.2 9.6% 520.2 546.5 -4.8% COGS 172.0 191.7 -10.3% 156.2 10.1% 328.2 362.2 -9.4% Gross Profit 100.1 94.8 5.6% 91.9 8.8%
Slide 13: Consolidated Balance Sheet
CONSOLIDATED BALANCE SHEET Particulars (In Rs Cr) Sep-19 Mar-19 Particulars (In Rs Cr) Sep-19 Mar-19 Equities & Liabilities Assets Shareholder's Funds 739.4 728.5 Non-Current Assets 536.9 519.6 Equity share capital 64.3 64.3 Property, Plant & Equipment 425.6 423.6 Other Equity 675.1 664.2 Right to U
Slide 14: Marketing Campaigns & Activations
MARKETING CAMPAIGNS & ACTIVATIONS 13
Slide 15: New Product Launches
NEW PRODUCT LAUNCHES New Solar Products Launched in the Switchgear Category 14
Slide 16: Channel Connects & Dealer Meets
CHANNEL CONNECTS & DEALER MEETS Organized more than 20 Dealer Meets and 25 Retailer Meets - Successfully engaging with over 400 Dealers & Distributors and over 2,000 Retailers across India in the 2nd Quarter 15
Slide 17: Company Overview
Slide 18: 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 19: 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 20: 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 21: 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 22: State of Art Manufacturing Facilities
STATE OF ART MANUFACTURING FACILITIES KUNDLI GHARAUNDA Facility I: Facility II: • Products: Wires and Cables • Products: Switchgears and parts of electronic • Products: Lighting equipment • Capacity: 194.4 Mn meters energy meters and parts of lighting equipment • Capacity: 26 Million Units • Capacit
Slide 23: 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 900+ Authorized Dealers and 2
Slide 24: 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 25: Shareholding Structure
Slide 26: Shareholding Structure
SHAREHOLDING STRUCTURE SHAREHOLDING – 30th Sep 2019 KEY INVESTORS – 30th SEP 2019 % Holding HDFC AMC 6.03% Public, 20.2% Institutions, EQ India Fund 1.18% 7.4% Source – BSE Promoters, 72.3% Source – BSE 25
Slide 27: For Further Queries
FOR FURTHER QUERIES: Mr. Gautam Seth Mr. Mandar Kapse / Vikash Varma Joint Managing Director IR Consultants Email: gautamseth@hplindia.com Email: hpl@dickensonworld.com Contact no: +91 9867550004 / 9664009029 26