Slide 1: Cover letter to stock exchanges: Investors' Release
May 09, 2024 Listing Department Department of Corporate Services -Listing National Stock Exchange of India Limited BSE Limited Exchange Plaza, Plot no. C/1, G Block, Phiroze JeeJeebhoy Towers, Bandra-Kurla Complex, Bandra (E), Dalal Street, Mumbai - 400 051 Fort, Mumbai – 400 001 Trading Symbol: ORI
Slide 2: Earnings Presentation Q4 FY24 & FY24
Or ient Elec t r ic Lim ited Earnings Presentation Q4 FY24 & FY24 May 09, 2024
Slide 3: Highlights
Highlights
Slide 4: Performance Highlights
Performance Highlights Healthy revenue growth driven by fans, appliances and switchgears Sustained improvement in gross margins through improvements in product mix, price realisation and cost reduction Seeing continued traction in the portfolio of premium products Ongoing expansion in distribution f
Slide 5: Hyderabad Manufacturing Unit
Hyderabad Manufacturing Unit Commencement of operations Commenced Commercial Production of TPW Fans from May 6, 2024 4
Slide 6: Industry Overview
Industry Overview FANS LIGHTING With the onset of summers, consumer demand Price erosion in Lamps and Battens leading for the summer portfolio is strong to value degrowth Despite competitive pricing, efforts being made to improve realisations B2B and Facade continued to maintain healthy mome
Slide 7: Progress on Strategic Growth Drivers
Progress on Strategic Growth Drivers …ongoing expansion of the breadth of strategic initiatives Go-To-Market Digital & Large Format Retail Lighting Cost Savings Expansion of Continued traction in distribution B2B Institutionalizing cost footprint, DTM and Significantly scaling up E-Commerce
Slide 8: Q4FY24 Snapshot
Q4FY24 Snapshot Sales ECD Lighting & Switchgear ₹ 788Cr ₹ 569Cr ₹ 219Cr +19.7% YoY +24.3% YoY +9.1% YoY +4.8% QoQ +6.3% QoQ +0.9% QoQ Gross Profit Margin EBITDA Margin PAT Margin Net Cash Position ₹ 242Cr 30.8% ₹ 31Cr 3.9% ₹ 14.0Cr 1.8% ₹ 83Cr* YoY +30.0% +244bps YoY -33.2% -309bps YoY -44.8% -208bp
Slide 9: FY24 Snapshot
FY24 Snapshot Sales ECD Lighting & Switchgear ₹ 2,812Cr ₹ 1,983Cr ₹ 829Cr +11.2% YoY +13.2% YoY +6.7% YoY Gross Profit Margin EBITDA Margin PAT Margin Net Cash Position ₹ 855Cr 30.4% ₹ 144Cr 5.1% ₹ 76.5Cr 2.7% ₹ 83Cr* YoY +21.3% +253bps YoY -4.2% -82bps YoY +0.3% -30bps YoY -46.0% *post-capitalizati
Slide 10: Financial Highlights
Financial Highlights Healthy revenue growth with continued improvement in gross margin Revenue growth of 19.7% YoY (+11.2% YoY in FY24) driven by Fans and Appliances in ECD and Switchgear segment Revenue from the International business grew by mid-teens in FY24 amidst geopolitical challenges in the
Slide 11: Q4FY24 Segment Highlights- ECD
Q4FY24 Segment Highlights- ECD ..good momentum in the summer product categories Revenue ECD revenue was ₹569Cr, +24.3% YoY with fans registering strong growth at +29% though on a soft base 574 569 535 458 High traction in pre-season stock built-up across the +24.3% YoY channels during the quarte
Slide 12: Q4FY24 Segment Highlights- Lighting & Switchgear
Q4FY24 Segment Highlights- Lighting & Switchgear ..resilient growth and sustenance of the gross margin Revenue Lighting and Switchgear reported growth of +9.1% YoY, 217 219 led by strong growth in switchgears 200 179 Gross margin for Lighting improved in FY24 ₹ Cr +9.1% YoY EBIT Margin at 12.8
Slide 13: Initiatives
Initiatives re
Slide 14: New Product Launches
New Product Launches Lighting 25+ products launched 18+ launches in Lighting including downlighters, desk lamp, PRISM DEEP PRISM TWIST PRISM CLASSIC COB COB DOWNLIGHTER lantern lamps, torch and flood lights in wide color range DOWNLIGHTER DOWNLIGHTER 3 launches in Appliances PRISM COSMIC 2 i
Slide 15: Advertisement and promotional initiatives
Advertisement and promotional initiatives Presence across online and offline channels TV Digital Offline 14
Slide 16: Projects executed during the year
Projects executed during the year Completion of our key projects Projects Executed Surdarshan Setu HG Infra Gurgaon Sohna Srinagar smart city Ganga Patna Setu Bridge NHAI Agra Ambhora Surat Ahmedabad Metro Balco Ayodhya Puri Yavatmal land scape and façade Amritsar Municipal Corpora
Slide 17: Summary
Summary
Slide 18: Q4FY24 and FY24 - Profit & Loss Statement
Q4FY24 and FY24 - Profit & Loss Statement Particular (in ₹ Crore) Q4FY24 Q4FY23 Q3FY24 YoY% QoQ% FY24 FY23 YoY Revenue from Operations 787.7 657.9 751.9 19.7% 4.8% 2,812.1 2,529.2 11.2% COGS 545.3 471.5 527.2 15.7% 3.4% 1,957.0 1,824.2 7.3% Gross Profit 242.4 186.4 224.7 30.0% 7.9% 855.1 705.0 21.3%
Slide 19: FY24 – Key Ratios
FY24 – Key Ratios Financial ratios FY21 FY22 FY23 FY24 Comments ROCE (pre-tax) 38.8% 34.2% 20.9% 15.4% Higher capital employed due to Hyderabad capex Current Ratio 1.37x 1.56x 1.46x 1.28x Net Working Capital Days 11 28 24 16 Debt-Equity ratio 0.03x 0.03x 0.02x 0.03x Position as on March end (₹ Cr) F
Slide 20: FY24 – Balance Sheet
FY24 – Balance Sheet Particular (in ₹ Crore) As at Mar 31, 2024 As at Mar 31, 2023 Particular (in ₹ Crore) As at Mar 31, 2024 As at Mar 31, 2023 Equities & Liabilities Assets Equity and Share Capital 21 21 Non-Current Assets Other Equity 618 563 Property, Plant and Equipment 140 127 Capital work in
Slide 21: Stock Information
Stock Information Shareholding Pattern – Mar 31, 2024 Other DIIs, FIIs, 1.22% 6.52% (0.74%) (5.93%) Stock Data Bloomberg Ticker ORIENTEL IN BSE Ticker 541301 Promoters, Mutual Funds, 38.31% NSE Ticker ORIENTELEC 25.97% (28.49%) Market Capitalization (₹ Cr.)- Mar 28, 2024 4,116 No. of Shares Outstand
Slide 22: Orient Electric Limited contact and disclaimer
Orient Electric Limited CIN : L31100OR2016PLC025892 Regd. Office: Unit VIII, Plot No.7, Bhoinagar, Bhubaneswar, Odisha 751012 investor@orientelectric.com www.orientelectric.com Follow us DISCLAIMER: Cautionary statement regarding forward-looking statements This presentation may contain certain forwa