Rushil Decor Ltd. · NSE:RUSHIL
Rushil Decor — Q2 FY2023 Earnings Presentation
29 slides from Rushil Decor's earnings presentation, Nov 9, 2022
Slide 1: Submission of Q2 FY 2022-23 Presentation
••• ••• ••• RUSHIL DECOR LIMITED WE'L L MAKE IT RDL/073/2022-23 Date: 09.11.2022 To, To, National Stock Exchange of India Ltd. BSE Limited Exchange Plaza, Phiroze Jeejeebhoy Towers, Bandra - Kurla Complex, Dalal Street, Bandra (E), Mumbai - 400051 Mumbai- 400001 NSE EQUITY SYMBOL: RUSHIL BSE SCRIPT
Slide 2: Investor Presentation Q2 & H1 - FY23
Investor Presentation Q2 & H1 - FY23
Slide 3: Disclaimer
Disclaimer This presentation has been prepared by Rushil Décor Limited (the “Company”) solely for information purposes and does not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form the basis or be relied on in connection with any cont
Slide 4: Table of content
Table of content 1. Company Overview 2. Industry Overview 3. Q2 & H1 FY23 Financial Highlights 4. Historical Financial Highlights 5. Way Ahead
Slide 5: Company overview
Company overview Laminates MDF
Slide 6: Among India's Leading Laminates & MDF Manufacturers
Among India’s Leading Laminates & MDF Manufacturers 3.49 mn Sheets Installed capacity for 5 State-of-the-art Laminates manufacturing facilities across India 25+ 3,30,000 CBM Strong network of Years in Decorative 540+ direct Installed capacity for distributors & 4,000+ Laminates & MDF MDF retailers/d
Slide 7: Offering Specialized Products
Offering Specialized Products Units 3 • Home furniture • Cabinet Doors Decorative Capacity 3.49 million p.a. • Desktops Laminates Utilization H1 FY23 – 84% • Wardrobes • Wall Paneling Location Gujarat • Commercial furniture Brands Manufacturing Applications • Residential & Commercial Units 2 furnitu
Slide 8: Through State-of-the-art Manufacturing Facilities – Laminates
Through State-of-the-art Manufacturing Facilities – Laminates Laminates – Gujarat • Unit 1 – RDL, 608, GIDC Mansa, Dist. Gandhi Nagar, Gujarat • Unit 2 – MRPL, Dholakuva Patia, Gandhinagar-Mansa Road, Mansa, Dist. Gandhinagar • Unit 3 – RHPL, Survey No. 125, Nr. Kalyanpura Patia, Gandhinagar-Mansa R
Slide 9: Technically Advanced MDF Manufacturing Plants
Technically Advanced MDF Manufacturing Plants Technological Superiority of MDF Moisture Resistant Termite Resistant Borer Resistant Stable & Uniform Highly Durable Chikmagalur, Visakhapatnam, Karnataka Andhra Pradesh • Installed Capacity – 90,000 CBM per annum • Installed Capacity – 2,40,000 CBM per
Slide 10: Led by Strong and Experienced Management Team
Led by Strong and Experienced Management Team Mr. Krupeshbhai G. Mr. Rushill Thakkar Mr. Keyur M. Gajjar Mr. Hiren Padhya Mr. Hasmukh K. Modi Thakkar - Chairman Director Chief Executive Chief Financial Company Secretary • Bachelor‘s degree • Graduate with over Officer Officer • Associated with in co
Slide 11: Key Strengths
Key Strengths Product Innovation & Value Engineering Strategically Located Manufacturing Plants • Continuous emphasis on product innovation • Manufacturing facilities located in close and new design development proximity to raw material source, ensuring • Design first, quality first - brand approach
Slide 12: Industry Overview
Industry Overview Laminates MDF
Slide 13: Indian Wood Panel Industry Overview
Indian Wood Panel Industry Overview Indian Furniture Industry ($bn) 30 • Indian furniture industry expected to accelerate to 9% 25 9% CAGR from $7.6 bn in 2020 to $11.7 bn in 2025 CAGR 20 • Growth in furniture industry, improving standard of 15 living, low installation and maintenance cost are key 1
Slide 14: Rising Opportunities in the MDF segment
Rising Opportunities in the MDF segment Global market size is estimated at 105 million CBM (USD 50.2 billion) in 2021, expected to witness a CAGR of 9.6% in 2021-2026 MDF Market in India (Rs. Crores) MDF Plyboard Global vs Domestic MDF penetration 6000 30 50 70 3000 70 50 30 2021 2026 ROW India Indi
Slide 15: Q2 & H1 FY23 Financial Highlights
Q2 & H1 FY23 Financial Highlights Laminates MDF
Slide 16: Q2 FY23 Financial Highlights
Q2 FY23 Financial Highlights EBITDA (Rs. Crore) / Revenues (Rs. Crore) Gross Profit (Rs. Crore) PAT (Rs. Crore) / Margin % Margin % 12.7% 23.2 % 4.5 % 13.1% 111.3 47.1 203.4 26.7 79.3 21.9 171.3 7.7 Q2 FY22 Q2 FY23 Q2 FY22 Q2 FY23 Q2 FY22 Q2 FY23 Q2 FY22 Q2 FY23 Gross Profit – Revenue from operation
Slide 17: Quarterly Highlights – Laminates
Quarterly Highlights – Laminates EBITDA (Rs. Crore) / Revenues (Rs. Crore) Sales Volumes (Sheets) Realization (Rs. per sheet) Margin % 50.8 52.8 727151 728714 677 715 5.1% 6.4% 820 754 3.4 3,21,748 3,29,432 19.4 584 583 2.6 20.8 4,06,966 3,97,719 33.4 30.0 Q2 FY22 Q2 FY23 Q2 FY22 Q2 FY23 Q2 FY22 Q2
Slide 18: Quarterly Highlights – MDF
Quarterly Highlights – MDF EBITDA (Rs. Crore) / Revenues (Rs. Crore) Sales Volumes (CBM) Realization (Rs. per CBM) Margin % 121.0 149.0 53937 54344 22,434 27,419 12.0% XX% 29.3% XX% 43.6 28798 22546 22152 21474 44,481 127.8 50,901 114.8 14.5 2,862 9,863 21.2 6.3 Q2 FY22 Q2 FY23 Q2 FY22 Q2 FY23 Q2 FY
Slide 19: Quarterly & Half Year Financial Highlights
Quarterly & Half Year Financial Highlights Particulars (Rs. Crore) Q2 FY23 Q2 FY22 Y-o-Y (%) H1 FY23 H1 FY22 Y-o-Y (%) Revenue 203.4 171.3 18.7% 414.2 262.3 57.9% Cost of Services & Raw Materials 103.0 92.2 208.4 161.3 (Increase) / Decrease In Stocks -11.0 -0.7 -21.4 -29.2 Purchase of Finished Goods
Slide 20: Balance Sheet as on 30th Sept 2022
Balance Sheet as on 30th Sept 2022 As on 30th As on 31st Mar As on 30th As on 31st Mar Rs. Crore Rs. Crore Sept’ 2022 2022 Sept’ 2022 2022 Equity 339.6 286.8 610.1 Non-current Assets 653.5 Equity Share Capital 19.9 19.9 Property, Plant and Equipment 628.8 593.5 Other Equity 319.7 266.9 Capital WIP 0
Slide 21: Historical Financial Highlights
Historical Financial Highlights Laminates MDF
Slide 22: Annual Highlights – Laminates
Annual Highlights – Laminates Sales Volumes (Sheets) Realization (Rs. per sheet) 28,69,155 691 27,78,474 601 26,82,847 586 FY20 FY21 FY22 FY20 FY21 FY22 EBITDA (Rs. Crore)/ Margins (%) Export Realization (Rs. per sheet) 10.7% 788 9.9% 6.5% 698 657 18.8 16.3 12.3 FY20 FY21 FY22 FY20 FY21 FY22
Slide 23: Annual Highlights – MDF
Annual Highlights – MDF Sales Volumes (CBM) Realization (Rs. per CBM) 1,76,545 24,416 19,733 83,592 77,520 10,041 FY20 FY21 FY22 FY20 FY21 FY22 EBITDA (Rs. Crore)/ Margins (%) Export Volumes (CBM) Export Realization (Rs. per CBM) 14.8% 14,114 22,239 22,103 13.6% 11.6% 64.4 21,977 22.7 18.1 367 232 F
Slide 24: Annual Financial Highlights
Annual Financial Highlights Particulars (Rs. Crore) FY22 FY21 Y-o-Y (%) Revenue 624.2 335.4 86.1% Cost of Services & Raw Materials 366.9 174.2 (Increase) / Decrease In Stocks -45.3 5.7 Purchase of Finished Goods 2.6 1.7 Employee Cost 40.7 26.8 Other Expenses 185.4 92.0 EBITDA 73.9 35.0 111.4% EBITDA
Slide 25: Key Financial Ratios
Key Financial Ratios Return on Equity Return on Capital Employed Debt to equity 7.2% 1.7 10.1% 7.9% 5.1% 4.6% 5.2% 1.5 1.4 FY20 FY21 FY22 FY20 FY21 FY22 FY20 FY21 FY22 ROE – PAT/Shareholders Fund; ROCE – EBIT/(Shareholders Fund+Total Debt – Investments); Debt to Equity – Total Debt/ Equity
Slide 26: Way Ahead
Way Ahead Laminates MDF
Slide 27: Working towards accretive value creation
Working towards accretive value creation Increase capacity utilization • Achieve optimum capacity utilization in existing plants and attain higher efficiencies • Work towards increasing utilization of laminates capacity from current levels Further expand market presence • Enhance distribution reach
Slide 28: Ensure sustainable and responsible growth through Agro Forestry
Ensure sustainable and responsible growth through Agro Forestry What is agroforestry? • Land use system which integrate trees and shrubs on farmlands and rural landscapes to enhance productivity, profitability, diversity and ecosystem sustainability. Win-win for Farmers & RDL Benefits Active partici
Slide 29: Thank you
Thank you Rushil Décor Limited Adfactors PR, India Mr. Hiren Padhya, Mr. Shiv Muttoo/ Mr. Smit Shah Chief Financial Officer, Tel - +91 9833557572/ +91 9870789596 Email – hiren.padhya@rushil.com Email – shiv.muttoo@adfactorspr.com | Website – www.rushil.com smit.shah@adfactorspr.com