Slide 1: Rushil Decor Limited Q2 FY16-17 Investor Presentation
Rushil Decor Limited (BSE: 533470, NSE: RUSHIL) Q2 FY16-17 Investor Presentation
Slide 2: Important Disclosures
Important Disclosures • This presentation contains statements that contain “forward looking statements” including, but without limitation, statements relating to the implementation of strategic initiatives, and other statements relating to Rushil Decor’s future business developments and economic per
Slide 3: Better Product Mix Driving Margin Expansion
Better Product Mix Driving Margin Expansion Revenues EBITDA Profit Before Tax Profit After Tax Rs. 709 Million Rs. 139 Million Rs. 94 Million Rs. 70 Million 3.6% 44.4% 92.1% 240.1% Mr. Krupesh Ghanshyambhai Thakkar - Managing Director on Performance “We continued to expand our margins on better prod
Slide 4: Diversified Revenues and Expanding Margins
Diversified Revenues and Expanding Margins Domestic Sales (Rs. Million) Q2 (Rs. Million) FY16-17 FY15-16 Y-o-Y Growth (%) 141 306 Net Sales (Includes other operating income) 730.5 754.6 (3.2) EBITDA 138.7 96.0 44.4 Exports (Rs. Million) Margin (%) 19% 13% 1 PAT 70.1 20.6 240.1 Margin (%) 10% 3% 280
Slide 5: Laminates Demonstrating Strength Alongside MDFs
Laminates Demonstrating Strength Alongside MDFs Segment Revenues Q2 FY16-17 Segment Revenues (Net of Excise) Q2 (Rs. Million) FY16-17 FY15-16 Y-o-Y Growth (%) 44% Laminates & Products 402.9 409.8 (1.7) Medium Density Fibreboard 311.1 329.2 (5.5) 56% Less: Intersegment Revenues 4.6 2.7 70.3 Revenue F
Slide 6: Financial Performance
Financial Performance Revenues (Rs. Million) Major Drivers 754.6 749.8 753.4 760.0 747.0 • Profitability improved drastically for 730.5 both laminates and MDF space resulting 720.0 from management’s focus on better product mix. 680.0 Q2 FY15-16 Q3 FY15-16 Q4 FY15-16 Q1 FY16-17 Q2 FY16-17 • Laminates
Slide 7: Improving Leverage Profile
Improving Leverage Profile Strong Liquidity and Leverage Room for Future Capex (Rs. Million) Q2 FY16-17 Q4 FY15-16 • Our company has continued to reduce leverage supported by strong cash flows Short term borrowings 334 469 and rising operating margins. Long term borrowings 447 438 • The leverage of
Slide 8: About Us
About US Rushil Décor • Incorporated in 1993, Rushil Decor Limited is engaged in manufacturing of decorative laminate products and medium density fiber or MDF • Offers engineered interior products, which include decorative laminate sheets, industrial laminate sheets and Rushil kitchen door under “Vi
Slide 9: Product Offerings
Product Offerings Our company is engaged in manufacturing of wide variety of laminates and MDFs with varied specifications. Some of its listings include: • Medium Density Fibreboards • Pre lam MDF boards • Single Sided Or Decorative Laminate Sheet • Double Sided Or Compact Laminate Sheets • Post-For
Slide 10: Timeline of Growth and Innovation
Timeline of Growth and Innovation • Expanded MDF revenues by more 2016 than 20% on y-o-y • Amalgamation Of basis MRPL & RHPL Manufacturing Units Into Rushil Decor Private • Expanded MDF Limited revenues by more • Signed MOU With 2015 than 30% on y-o-y Government Of basis Gujarat For New Projects • V
Slide 11: Leadership and Management
Leadership and Management Beneficial Directors Position Description Ownership/ (% O/S) Has an experience of more than four decades in the industry of laminated sheets, plywood, particle board, prelam board and allied items. He holds Bachelor of Science degree from Gujarat University and holds Diplom
Slide 12: Investment Rationale
Investment Rationale • Targeting new offerings with better margins Strong Organic • Significant improvement of operating and net margins • Higher utilization rates Growth • Evaluating future expansion through organic and inorganic routes • Passage of GST and push for affordable housing to boost dema
Slide 13: Macro Rationale for Laminates and MDF
Macro Rationale for Laminates and MDF • Rushil Decor operates with capacity of 48 lakh sheets per annum, forming 3% of the country’s total production. • Total market size of more than Rs.5,000 crores, with unorganized market forming one-third Laminates • Capacity additions by organized and unorganiz
Slide 14: Statutory Financials
Statutory Financials Amount (Rs. million) Quarter Ended Half year ended Description Sep-16 Jun-16 Sep-15 Sep-16 Sep-15 FY16 Net Sales 730 753 755 1484 1471 2968 Other Operating Revenues 21 19 18 40 37 91 Net sales or Revenue from Operations 709 734 736 1443 1434 2877 Expenditure -615 -669 -677 -1284
Slide 15: Statutory Financials
Statutory Financials Amount (Rs. million) Quarter Ended Half year ended Description Sep-16 Jun-16 Sep-15 Sep-16 Sep-15 FY16 1. Segment Revenue Laminates & Allied Products 403 381 410 784 812 1617 Medium Density Fiber Board 311 357 329 668 629 1276 Particle Board 0 0 0 6 0 6 Total 714 738 740 1452 14
Slide 16: Rushil Decor Ltd.
Rushil Decor Ltd. CIN – L25209GJ1993PLC019532 Registered Office: S. No. 125, Near Kalyanpura Patia, Village Itla, Gandhinagar-Mansa Road, Ta. Kalol, Dist. Gandhinagar, Gujarat – 382845 Corporate Office: (For Communications) 1, Krinkal Apartment, Mahalaxmi Society, Opp Mahalaxmi temple, Paldi, Ahmeda