Slide 1: Investor Presentation August 2021
Leader in Lifestyle Kitchen Products Advancing through Innovation. Progressing through Expansion. Investor Presentation August 2021
Slide 2: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Acrysil 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 securities,
Slide 3: Q1 FY22 Highlights
Q1 FY22 Highlights
Slide 4: Q1 FY22 Performance
Q1 FY22 Performance Message from Chairman & MD Key Highlights Commenting on the Results, Mr. Chirag Parekh, Chairman & Managing • Company reported EBITDA and PAT of Rs. 23.0 Crores Director said, “It was a challenging quarter as we faced the second wave of Covid-19. Due to restrictions imposed by th
Slide 5: Consolidated: Q1 FY22 Performance
Consolidated: Q1 FY22 Performance Rs. Crores Total Income* (Rs. Crs) EBITDA (Rs. Crs) PAT After MI (Rs. Crs) +113% +123% +193% 99.3 23.0 13.5 46.5 10.3 4.6 Q1 FY21 Q1 FY22 Q1 FY21 Q1 FY22 Q1 FY21 Q1 FY22 Domestic Revenue (Rs. Crs) Exports Revenue (Rs. Crs) +129.8% +108.7% 17.5 80.1 7.6 38.4 Q1 FY21
Slide 6: Standalone: Q1 FY22 Performance
Standalone: Q1 FY22 Performance Rs. Crores Total Income* (Rs. Crs) EBITDA (Rs. Crs) PAT (Rs. Crs) +119% +100% +255% 80.4 18.1 14.2 9.1 36.7 4.0 Q1 FY21 Q1 FY22 Q1 FY21 Q1 FY22 Q1 FY21 Q1 FY22# # Includes one time dividend from Acrysil UK of Rs. 4.44 Crores *Incudes gain / (loss) on Foreign Exchange
Slide 7: Consistent Growth
Consistent Growth Rs. Crores Total Income* EBITDA +14.9% 316 72 280 +28.5% 252 51 181 197 41 99 26 26 23 FY17 FY18 FY19 FY20 FY21 Q1FY22 FY17 FY18 FY19 FY20 FY21 Q1FY22 PAT After MI Cash PAT After MI 39 52 +48.7% +39.4% 34 22 26 17 19 12 14 17 8 14 FY17 FY18 FY19 FY20 FY21 Q1FY22 FY17 FY18 FY19 FY20
Slide 8: Revenue Mix
Revenue Mix Geography-wise Revenue Product-wise Revenue Q1 FY22 Export 21% 9% 77% Domestic 14% 79% Quartz Sink Steel Sink Appliances & Others FY21 5% 95% 10% 76% Strengthening 14% ‘Carysil’ Brand Quartz Sink Steel Sink Appliances & Others 8
Slide 9: Consolidated Profit & Loss
Consolidated Profit & Loss Particulars (Rs. Crs.) Q1FY22 Q1FY21 Y-o-Y Q4 FY21 Q-o-Q FY21 Revenue 97.5 46.0 100.6 309.7 Gain / (Loss) on Foreign Exchange 1.8 0.6 3.7 5.8 Total Income 99.3 46.5 113.4% 104.3 -4.8% 315.5 Raw Material 43.6 21.5 45.0 141.8 Employee Expenses 6.7 4.2 6.9 22.2 Other Expenses
Slide 10: Consolidated Balance Sheet
Consolidated Balance Sheet Assets (Rs. Crs.) Mar-21 Mar-20 Liabilities (Rs. Crs.) Mar-21 Mar-20 Non-current assets 170.3 138.8 Total Equity 194.0 160.2 Property Plant & Equipment 121.2 97.8 Share capital 5.3 5.3 Right to use of assets 5.0 1.4 Other Equity 186.1 152.5 Goodwill 23.9 23.9 Money receive
Slide 11: Consolidated Cash Flow Statement
Consolidated Cash Flow Statement Particulars (Rs. Crs.) March-21 March-20 Net Profit For The Year 39.3 22.9 Adjustments for: Non-Cash Items / Other Investment or Financial Items 38.7 29.1 Operating profit before working capital changes 78.0 51.9 Changes in working capital -20.1 -14.4 Cash generated
Slide 12: Standalone Profit & Loss
Standalone Profit & Loss Particulars (Rs. Crs.) Q1FY22 Q1FY21 Y-o-Y Q4 FY21 Q-o-Q FY21 Revenue 78.7 36.2 80.5 248.3 Gain / (Loss) on Foreign Exchange 1.7 0.6 3.7 5.8 Total Income 80.4 36.7 119.1% 84.2 -4.5% 254.2 Raw Material 34.7 15.2 35.5 110.2 Employee Expenses 4.7 3.3 4.7 16.0 Other Expenses 22.
Slide 13: Standalone Balance Sheet
Standalone Balance Sheet Assets (Rs. Crs.) Mar-21 Mar-20 Liabilities (Rs. Crs.) Mar-21 Mar-20 Non-current assets 145.6 114.4 Total Equity 151.4 130.3 Property Plant & Equipment 104.9 83.8 Share capital 5.3 5.3 Right to use of assets 5.0 1.4 Other Equity 146.1 125.0 Goodwill 0.0 0.0 Money received ag
Slide 14: Standalone Cash Flow Statement
Standalone Cash Flow Statement Particulars (Rs. Crs.) March-21 March-20 Net Profit For The Year 26.6 12.8 Adjustments for: Non-Cash Items / Other Investment or Financial Items 34.0 25.3 Operating profit before working capital changes 60.6 38.1 Changes in working capital -12.1 -11.8 Cash generated fr
Slide 15: Capex Update – Quartz Kitchen Sinks
Capex Update – Quartz Kitchen Sinks Capex Expansion of Additional 140,000 units Capacity Expansion of Capacity Expansion of announced on 28th June 200203 : 202003 100,000 units announced 100,000 units announced 2021 in February 2021 in August 2020 • Expansion of production capacity of Quartz Kitchen
Slide 16: Company Overview
a Company Overview
Slide 17: Numero Uno Position
Numero Uno Position Only Introduced Certification for Manufacturer with Schock Composite Tiles, 2nd Technology (Germany) Manufacturer in world ISO 9001:2008, ISO 14001:2004 In Asia in Quartz Sink OHSAS 18001:2007 PAN India presence Quartz Sink Capacity Exports ~ +1,500 dealers, 700,000 sinks per ann
Slide 18: Acrysil – Over the Years
Acrysil – Over the Years ▪ Commenced supplies of Quartz sinks to IKEA ▪ Listing of Equity Shares of the Company on NSE 2014 Acquisition of UK based Homestyle Products Limited ▪ Capacity Expansion of the Quartz sinks to 7 lakh units 2021 ▪ Announced Capacity Expansion of Quartz sinks by 140,000 units
Slide 19: Pillars of Integrated Business
Pillars of Integrated Business Manufacturing Facilities & Distribution Network Brand Product Basket Technology Gallery • Quartz Sinks: 7,00,000 pa* , • Brand promotion on TV and in Stainless Steel : 90,000 pa and • The acquisition of 100% stake • Offers a wide range of cutting print, along with expo
Slide 20: Products with Global Standards sold in 55 Countries
Products with Global Standards sold in 55 Countries Company presently exports to over 55 countries. Plan to expand further by acquiring new customers and penetrating in new geographies Map not to scale. All data, information and maps are provided “as is” without warranty or any representation of acc
Slide 21: Board of Directors
Board of Directors Mr. Chirag A. Parekh Mr. Jagdish R. Naik Chairman and Managing Director Independent Director He holds a BBA Degree from premier ' European University’ A Chartered Accountant, was a partner of a reputed Accounting firm - M/s After joining the company in 1993, he successfully steere
Slide 22: Awards & Certifications
Awards & Certifications FGI’s Award for ‘Best Exports IPF Fastest growing Manufacturing Performance & Promotion’ Company Award 03 04 If Design Award to Sternhagen SaniQ kristall Certificate for ‘Best CSR wash basin 02 05 practices’ by Rotary Club Award Certificate for 01 06 Manufacturing Innovation
Slide 23: Increasing Product Portfolio
Increasing Product Portfolio Bath Fittings Bathroom Suits Product Segment Appliances Kitchen Sinks 23
Slide 24: Sinks
a Sinks
Slide 25: Only Company to make Quartz Sinks in Asia
Only Company to make Quartz Sinks in Asia Only Company Different Models Plant Capacity Many Outlets in Asia The only company in Asia and 2 plants having a combined Developed more than 120+ The brand is available in among a few companies capacity of 7,00,000* models to cater to various more than 1,50
Slide 26: Stainless Steel Sinks – Quadro Sinks the Focus Area
Stainless Steel Sinks – Quadro Sinks the Focus Area Stainless-Steel Sinks Contribution: 14% to Consolidated revenue * Production Capacity 90,000 sinks per annum Target Market for Quadro (Designer) Sinks Caters to high end segment who are willing to pay a premium for superior quality, design and fini
Slide 27: Kitchen Appliances
Kitchen Appliances
Slide 28: Kitchen Appliances – Multifold Growth Opportunity
Kitchen Appliances – Multifold Growth Opportunity Chimneys Dish Washer Cook Tops Built in Ovens Product Portfolio Wine Chillers Cooking Range Micro Wave Owens Currently Hoods contributing ~5% to the Revenue* Manufacturing and Trading of Poised to become a significant player in the Appliances overall
Slide 29: Bath Segment
L Bath Segment
Slide 30: Bath Segment – Synergetic Move to Leverage Quartz Technology
Bath Segment – Synergetic Move to Leverage Quartz Technology FUNDAMENTALS OF THE BUSINESS ▪ Brand owned by Acrysil’s Wholly owned Product Range of Subsidiary in Germany, Branding Synergy Innovation Achievements Details Products ‘Acrysil GmbH’ Synergy in Quartz Developed full ▪ 60+ Showrooms & SIS St
Slide 31: Strengthening “STERNHAGEN” Brand
Strengthening “STERNHAGEN” Brand “Unveiling the new Rose Gold collection of Premium Sanitary ware and Bath fittings” 31
Slide 32: Business Model
| Business Model
Slide 33: Moulds an Integral Part of Manufacturing Process
Moulds an Integral Part of Manufacturing Process Input Processing Output Purchase of Moulds All the Moulds are imported Production Capacity 700,000* units per annum Variety of Moulds ▪ Has more than 130 moulds Place: Bhavnagar, Gujarat ▪ 350+ SKU’s Made to Order Life of Moulds Made as per the custom
Slide 34: Domestic Presence - Strengthening of our Brands
Domestic Presence - Strengthening of our Brands Dealer Network 1500 1500 1500 1300 1200 800 550 400 2013-14 2014-15 2015-16 2016-17 2017-18 2018-19 2019-20 2020-21 Distributor Network 80 82 82 82 ARABIAN BAY OF 60 65 SEA BENGAL 45 30 Sales Distributor 2013-14 2014-15 2015-16 2016-17 2017-18 2018-19
Slide 35: Presence in UK through Acrysil Products Ltd.
Presence in UK through Acrysil Products Ltd. (formerly known as Homestyle Products Ltd.) Acrysil holds 100% in Homestyle Products through Acrysil UK Limited The name of Homestyle Products Limited has been changed to Acrysil Products Limited Products sold under Acrysil Products Ltd. Revenues (Mn. GBP
Slide 36: Our Distribution Model
Our Distribution Model International Domestic Strong Foothold in India STRATERGIC Acquisition of Significant Presence in UK Homestyle UK Limited 1,500 Dealers 65 Franchise Shop 80 Gallery Market (now known as Acrysil Products Limited - A kitchen products distribution company) 82 Distributors 5 Offic
Slide 37: Multiple Growth Drivers
Multiple Growth Drivers Strong Distribution Network Strengthen the Distribution network by tie up with Homestyle and Short Term plan to add new 100 galleries and 34 more distributor ACHEIVED Branding & Technology Focused on capturing the Brand Mindspace of niche Consumers Growth Huge Product Range D
Slide 38: Regular Dividend Payout
Regular Dividend Payout Dividend 21.2% 22.8% 27.8% 21.7% 18.1% 14.3% 13.6% Payout (excl. DDT) 21.9 18.9 18.0 14.7 8.4 6.6 5.0 5.0 4.6 4.0 2.0 1.0 1.2 1.2 2015 2016 2017 2018# 2019# 2020# 2021# EPS DPS The Board of Directors has recommended a final dividend of Rs.1.20 per equity share for Financial Y
Slide 39: For further information, please contact
For further information, please contact Company : Investor Relations Advisors : CIN: L26914MH1987PLC042283 CIN: U74140MH2010PTC204285 Mr. Anand Sharma - CFO Mr. Rahul Agarwal/ Ms. Khushbu Shah cfo@acrysil.com rahul.agarwal@sgapl.net/ khushbu.shah@sgapl.net +91 9821438864 / +91 9820601181 www.acrysil