Everest Industries Limited · NSE:EVERESTIND
Everest Industries — Q4 FY2016 Earnings Presentation
27 slides from Everest Industries's earnings presentation, May 2016
Slide 1: Result Presentation Q4 & FY 2016
Everest Industries Limited Result Presentation Q4 & FY 2016
Slide 2: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Everest Industries Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any se
Slide 3: Agenda
Agenda 1 Key Financial Highlights & Analysis 2 Building Products Segment 3 Steel Building Segment 4 Annexure 3
Slide 4: Company Overview
Company Overview Building Products Pre Engineered Building Industrial, Logistics, Commercial, Demand Rural and Semi-urban Urban Institutional and Infrastructure Roofing Sheets & Boards, Solid Wall Panels Pre-engineered Steel Buildings Products Accessories & Grids Smart Steel Buildings Capacity 865,0
Slide 5: Key Highlights - Q4 & FY 2016
Key Highlights - Q4 & FY 2016 DRK IN PROGR ESS")
Slide 6: Q4 FY16 - Financial Highlights
Q4 FY16 - Financial Highlights Revenues (Rs Cr) EBITDA (Rs Cr) PAT (Rs Cr) +5.9% +7.7% 337.3 +18.1% 318.5 25.1 27.0 11.9 10.1 Q4FY15 Q4FY16 Q4FY15 Q4FY16 Q4FY15 Q4FY16 6
Slide 7: FY16 – Annual Financial Highlights
FY16 – Annual Financial Highlights Revenues (Rs Cr) EBITDA (Rs Cr) PAT (Rs Cr) +6.7% +1.6% 1,230.5 1,313.4 +3.2% 81.9 83.2 34.2 35.3 FY15 FY16 FY15 FY16 FY15 FY16 7
Slide 8: Profitability Highlights
Profitability Highlights Rs. in Cr Q4FY16 Q4FY15 YoY FY16 FY15 YoY Revenues 337.3 318.5 5.9% 1,313.4 1,230.5 6.7% Raw Material 175.5 172.1 2.0% 732.3 706.3 3.7% Manpower Cost 29.4 26.9 9.3% 127.1 109.1 16.5% Other Operating Expenses 105.3 94.3 11.6% 370.8 333.2 11.3% EBITDA 27.0 25.1 7.7% 83.2 81.9
Slide 9: Balance Sheet Highlights
Balance Sheet Highlights Rs. in Cr Mar-16 Mar-15 Rs. in Cr Mar-16 Mar-15 Shareholder’s Fund 347.4 319.7 Non-current assets 443.6 449.4 Share capital 15.4 15.3 Fixed assets (inc. CWIP) 351.5 351.2 Reserves & Surplus 332.1 304.4 Long-term loans and advances 92.1 98.2 Non-current liabilities 155.0 130.
Slide 10: Strong Balance Sheet…
Strong Balance Sheet… Net Debt / Equity (x) Interest Coverage Ratio Working Capital Days 71 72 54 4.4 4.4 3.2 0.7 0.7 0.5 FY14 FY15 FY16 FY14 FY15 FY16 FY14 FY15 FY16 Improvement in leverage position despite CAPEX in last 3 years Net Debt/Equity : (Total Debt-cash) / Networth Interest Coverage : EBI
Slide 11: With improving Return Ratios
With improving Return Ratios Return on Capital Employed (%) Return on Equity (%) Return on Assets (%) 20.9 20.3 10.7 10.2 9.7 10.0 8.6 3.1 2.7 FY14 FY15 FY16 FY14 FY15 FY16 FY14 FY15 FY16 RoCE : EBIT / Capital Employed RoE : PAT / Networth RoA : PAT / Fixed Assets incl. CWIP 11
Slide 12: Consistent Dividend Paying Company
Consistent Dividend Paying Company Earning Per Share (EPS) Dividend Per Share (DPS) Payout (%) 22.4 23.0 41.5 5.0 5.0 22.3 21.7 6.0 2.5 FY14 FY15 FY16 FY14 FY15 FY16 FY14 FY15 FY16 Board recommended Dividend of Rs. 5 per equity share for FY16 Payout : DPS / EPS 12
Slide 13: Management Discussion & Analysis for FY16
Management Discussion & Analysis for FY16 2015-16 a challenging year for building products ― Low steel prices prompting movement to colored roofing ― Volatile INR Impacting Raw Material ― Bad monsoon impacting rural buying power Major performance enhancement initiative undertaken ― Be closest to
Slide 14: Building Products to benefit from uplift in rural demand
Building Products to benefit from uplift in rural demand Better monsoon forecasted… … Supported by Government focus IMD expects above normal monsoon at 106% of Long Period Allocation for rural sector – Rs. 878 billion, 94% increase in Average (LPA) farm sector allocation in Union Budget 2016-17
Slide 15: Building Products Segment
15
Slide 16: Building Products Performance
Building Products Performance Sales (‘000 MT) Revenues (Rs Cr) EBIT(Rs Cr) 704.0 702.2 867.4 829.6 620.0 759.0 179.0 187.9 213.0 216.6 85.3 Q4 171.0 Q4 212.0 23.6 72.0 154.0 140.4 188.0 165.0 21.9 Q3 139.0 173.0 8.3 Q3 135.0 174.4 35.9 14.8 9.7 141.0 164.0 Q4 9.2 4.1 Q2 117.0 Q2 142.0 Q3 6.4 38.7 36
Slide 17: Steel Building Segment
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Slide 18: Steel Building Performance
Steel Building Performance Sales (‘000 MT) Revenues (Rs Cr) EBIT(Rs Cr) +33.0% 483.3 +29.2% +31.5% 120.6 53.6 363.3 20.2 +20.8% 13.5 3.8 41.5 105.7 117.7 276.3 34.3 12.3 7.8 14.3 Q4 94.3 9.1 11.2 88.9 Q4 122.3 Q4 5.1 10.3 4.8 Q3 57.8 Q3 -2.6 Q3 8.0 12.8 72.0 1.0 Q1 3.3 2.2 3.8 8.0 57.5 0.5 Q2 0.7 Q2
Slide 19: Steel Building – Major projects in Quarter
Steel Building – Major projects in Quarter Customer name Location State Value (Rs. Lacs) Goa Shipyard Goa Goa 5,200 HCL IT City Lucknow Uttar Pradesh 4,100 Tata Power Bengaluru Karnataka 3,300 Vijay Logistic Pune Maharashtra 650 Britannia Coimbatore Tamil Nadu 500 Perfect Belts Jalandhar Punjab 325
Slide 20: Steel Building – Major projects in Quarter
Steel Building – Major projects in Quarter Project of National Kannada Educational Society – India’s Largest Rooftop Extension at Wadala, Mumbai Size : 23,700 sq feet 20
Slide 21: Steel Building – Major projects in Quarter
Steel Building – Major projects in Quarter Project of Army Habitat Shelter construction – 13,170 feet above sea level, Nyoma Size : 75,000 sq ft 21
Slide 22: Annexure
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Slide 23: Quarterly Revenue Trend
Quarterly Revenue Trend Quarter 1 Quarter 2 388.0 407.0 299.0 246.0 287.0 200.0 FY14 FY15 FY16 FY14 FY15 FY16 Quarter 3 Quarter 4 306.0 318.0 337.3 277.0 282.0 231.0 FY14 FY15 FY16 FY14 FY15 FY16 23
Slide 24: Quarterly EBITDA Trend
Quarterly EBITDA Trend Quarter 1 Quarter 2 38.0 37.8 8.5 27.6 4.3 -8.9 FY14 FY15 FY16 FY14 FY15 FY16 Quarter 3 Quarter 4 25.1 27.0 14.1 10.3 13.5 7.7 FY14 FY15 FY16 FY14 FY15 FY16 24
Slide 25: Quarterly PAT Trend
Quarterly PAT Trend Quarter 1 Quarter 2 22.9 19.6 13.7 3.4 -2.3 -6.7 FY14 FY15 FY16 FY14 FY15 FY16 Quarter 3 Quarter 4 10.1 11.9 2.8 1.1 3.0 -1.0 FY14 FY15 FY16 FY14 FY15 FY16 25
Slide 26: Post results earnings call
Post results earnings call The earning call to discuss financial performance for the Q4FY16 and annual results of FY16 with Mr. Manish Sanghi, Managing Director & Mr. Rakesh Gupta, CFO is on: Date: Tuesday, 3 May, 2016 Time: 11.30 AM Dial-in Numbers: +91 22 3960 0659 / +91 22 6746 5959 26
Slide 27: For further information, please contact
For further information, please contact: Company : Investor Relations Advisors : Everest Industries Ltd. Stellar IR Advisors Pvt. Ltd. CIN: L74999MH1934PLC002093 CIN: U74900MH2014PTC259212 Mr. Rakesh Gupta Mr. Gaurang Vasani / Mr. Vikash Verma rakeshgupta@everestind.com vgaurang@stellar-ir.com vikas