Shalimar Paints Ltd · NSE:SHALPAINTS
Shalimar Paints — Q4 FY19 Earnings Presentation
21 slides from Shalimar Paints's earnings presentation, May 29, 2019
Slide 1: Shalimar Paints – Submission of Investors' Presentation
SHALIMAR PAINTS May 29, 2019 BSE Limited National Stock Exchange of India Ltd Corporate Relationship Department, Exchange Plaza, 5® Floor, 1* Floor, New Trading Ring, Plot No. C/1, G-Block Rotunda Building, P.J. Towers, Bandra Kurla Complex, Bandra (E), Dalal Street, Fort, Mumbai-400 001 Mumbai - 40
Slide 2: Q4 & FY19 Results Presentation
Q4 & FY19 Results Presentation May 2019
Slide 3: Company Overview
Company Overview 2
Slide 4: Quick Snapshot
Quick Snapshot Rich brand Annual capacity PAN India Presence across heritage of of KLPA* customer base cities 116+Yrs 73,560 3,500+ 700+ Strategically located Regional distribution Depots across manufacturing facilities centers# India 3 3 32 * Nashik plant has been rebuilt in May-19 3 # In addition,
Slide 5: Rich Brand Heritage
Rich Brand Heritage Shalimar Paints is a pioneer in the Indian Paints industry with a rich brand legacy of 116+ years Shalimar Paints has many firsts in the Indian paints industry - ▪ Radiation resistant coatings for nuclear power plants ▪ Polyurethane paint for fighter aircrafts ▪ High build Zi
Slide 6: Comprehensive Product Portfolio
Comprehensive Product Portfolio Entire spectrum of products across categories & price points catering to the decorative segment Contribution to FY19 Marginal Presence Meaningful Presence Decorative Segment Revenues 4 Super Premium/ Premium Economy/ Mass Product Categories % Share Premium 1 Economy 2
Slide 7: National Footprint
National Footprint Pan-India reach through strategically located manufacturing facilities and wide distribution network Facility Operational Capacity (KLPA) Sikandrabad (UP) Chennai 24,000 10.2 Acres Sikandrabad 23,400 Nashik 26,1601 Total 73,560 Nashik (MH) 15 Acres Manufacturing Plant Distribution
Slide 8: Marketing & Branding Initiatives
Marketing & Branding Initiatives Focus on “Pull Marketing” Strategy Above the Line Initiatives Below the Line Initiatives Outdoor Radio Magazines Social Media Outdoor Branding Events Geographically Radio Campaign Social media Multiple dealers are Hold painter & contractor focussed campaigns ads in l
Slide 9: Marketing & Branding Initiatives – Kahaani Project
Marketing & Branding Initiatives Kahaani Project Volunteers from 7 countries | 8,000+ sq. ft. covered | 14 Murals | 300+ livelihood empowered 8
Slide 10: Marketing & Branding Initiatives – Rang Badlav Ke Project
Marketing & Branding Initiatives Rang Badlav Ke Project 2 Weekends | 1,600 Volunteers | Painted 3,000+ walls | 700+ Murals 9
Slide 11: Marketing & Branding Initiatives – Events & Exhibitions
Marketing & Branding Initiatives Events & Exhibitions Dealer Connect (Industrial & Decorative) Painter Meets (Registered Painters 19,500 | Industrial Exhibitions Goa | Chennai Active Painters 1,800 | Success rate 86%) 10
Slide 12: Business Strategy & Outlook
Business Strategy & Outlook 11
Slide 13: Operational Disruptions Impacting Historical Performance
Operational Disruptions Impacting Historical Performance Howrah Plant New Plant in Chennai in Sep-17, 7.6% Closed in Mar-14 Nashik Plant rebuilt in May-19 2.4% 4.5% Nashik Plant 73,560 -12.2% Closed in Nov-16 60,200 501.7 -20.6% 433.3 44,400 349.8 271.2 287.6 21,600 Mar-13 Mar-15 Mar-17 May-19 FY13
Slide 14: Business Turnaround Strategy & Outlook
Business Turnaround Strategy & Outlook Product Portfolio Manufacturing Working Capital Distribution Branding & & Inventory Capacity Funding Network Promotion Management • Chennai plant • Equity infusion of • Normalised • Frequent • Painter Loyalty capacity Rs 250 cr through production engagement wit
Slide 15: Q4 & FY19 Results Update
Q4 & FY19 Results Update 14
Slide 16: Q4 FY19: Key Highlights
Q4 FY19: Key Highlights Improving Quarterly Revenue Trend (Rs Crore) 89.5 74.9 71.7 60.2 51.5 Q4 FY18 Q1 FY19 Q2 FY19 Q3 FY19 Q4 FY19 15
Slide 17: Q4 FY19: Key Highlights
Q4 FY19: Key Highlights Quarterly EBITDA Trend (Rs Crore) -6.2 -7.4 -10.2 -12.0 -34.2 Q4 FY18 Q1 FY19 Q2 FY19 Q3 FY19 Q4 FY19 16
Slide 18: FY19: Key Highlights
FY19: Key Highlights Revenues: Segment Wise % Revenues (Rs Crore) Industrial, 34.3% 287.6 Decorative , 65.7% 271.2 Revenues: Region Wise % South, 17.6% North, West, 14.7% 43.9% FY18 FY19 East, 23.8% 17
Slide 19: Q4 & FY19: Profit & Loss Statement
Q4 & FY19: Profit & Loss Statement In Rs Crore Q4 FY19 Q4 FY18 FY19 FY18 Revenue From Operations (Net of Excise Duty) 89.5 60.2 287.6 271.2 Other Income 1.3 0.1 2.3 0.9 Total Income 90.8 60.3 289.9 272.1 COGS 73.3 45.5 220.6 208.9 Gross Margin 17.5 14.7 69.4 63.2 Gross Margin % 19.3% 24.4% 23.9% 23.
Slide 20: FY19: Balance Sheet
FY19: Balance Sheet Particulars (Rs In Crore) FY19 FY18 Particulars (Rs In Crore) FY19 FY18 Equities & Liabilities Non-Current Assets Equity Share Capital 10.7 3.8 Property, Plant & Equipment 215.7 220.6 Capital work in progress 23.6 0.7 Other Equity 277.8 117.3 Intangible assets 1.3 1.8 Total Equit
Slide 21: Thank You
Disclaimer Certain statements in this communication may be considered as “forward looking statements“ within the meaning of applicable law and regulations. These forward – looking statements involves a number of risks, uncertainties and other factors that could cause actual results to differ materia