Pidilite Industries Limited · NSE:PIDILITIND
Pidilite Industries — Q1 FY24 Earnings Presentation
23 slides from Pidilite Industries's earnings presentation, Aug 10, 2023
Slide 1: Earnings Presentation cover letter to stock exchanges
10th August, 2023 The Secretary The Secretary BSE Ltd. National Stock Exchange of India Ltd. Corporate Relationship Dept., Exchange Plaza, Plot no. C/1, G Block, 14th floor, P. J. Tower, Bandra-Kurla Complex, Dalal Street, Fort Bandra (E), Mumbai - 400 001 Mumbai - 400 051 Stock Code – 500331 Stock
Slide 2: Pidilite
Pidilite
Slide 3: Our Brands
OUR BRANDS ne FEVICOL Foviergt INSTANT Al ici ® ® Fevikw m-seal Roft en oN Araldite Beat wo [al NINA Pidilite ; Puma PeRCEPT €3 cipy as HAI S Ka LT oR Si A Jowats [lin
Slide 4: Disclaimer
DISCLAIMER This presentation may contain statements which reflect the management's current views and estimates and could be construed as forward looking statements. The future involves certain risks and uncertainties that could cause actual results to differ materially from the current views being e
Slide 5: Market Outlook
MARKET OUTLOOK > Current quarter's revenue growth is primarily driven by robust volume growths in Domestic Consumer & Bazaar (‘C&B’') businesses. > In the near-term growths will largely be volume led. > Agood monsoon, increased construction activity and stable input prices enable us to look at the f
Slide 6: Performance Overview
PERFORMANCE OVERVIEW > Current quarter's standalone net sales growth of 6.2%, on a previous year higher base (Q1 23: 62.5%), was driven by strong Underlying Volume Growth of 7.9% (UVG: Volume growth including impact of change in product mix). > Domestic C&B registered broad-based growth across categ
Slide 7: Financial Highlights
FINANCIAL HIGHLIGHTS n!
Slide 8: Earnings Summary - Consolidated YoY Growth
EARNINGS SUMMARY CONSOLIDATED YOY GROWTH
Slide 9: Segment Summary - Standalone
SEGMENT SUMMARY - STANDALONE (in INR Crores) Sr. PARTICULARS Q1' 23 Q1' 24 Growth (%) 1 | Segment Sales a) C&B 2,192.0 2,423.8 10.6% b) B2B 627.8 576.0 -8.3% c) Others 25.8 21.7 -16.0% Total 2,845.6 3,021.4 6.2% Less : Inter Segment Sales 67.2 69.7 3.7% Net Sales 2,778.4 2,951.7 6.2% 2 | Segment Res
Slide 10: Overseas Subsidiaries Performance Q1 FY24
OVERSEAS SUBSIDIARIES PERFORMANCE Q1° FY24 (in INR Crores) a Sabo " OASBS ve QO? Asia Sales -1% 818 80.8 Americas* Sales EBITDA J -18% 75.2 57.4 15.7 Ap EBITDA Middle East and Africa CO) 45 — Sales fi 8% EBITDA b — 58,0 62.7 4.6 GF -2.8 || * Americas includes Pidilite USA Inc - In Q4 FY23, it has be
Slide 11: Domestic Subsidiaries Performance Q1 FY24
DOMESTIC SUBSIDIARIES PERFORMANCE Q1°' FY24 C&B B2B #Q1'23 mQ1'24 (in INR Crores) NET SALES EBITDA 150 ij 25% 6% 24 tT 20% 20 19.0 120 111.2 15.9 16 88.4 83.2 90 2 60 8 5.1 30 4 0 0 C&B B2B @Q1'23 mQl'24 EBITDA is before exception items. Figures are reported excluding other consolidation impacts. 10
Slide 12: Industry Segment Composition
INDUSTRY SEGMENT COMPOSITION 9 81.1% 7.8% ane at & @ Consumer & Industrial Resins, Pre arations Bazaar products Construction chemicals P (Project) etc. 18.0% 0.9% e Business to Business Others products 9 Ind ret | 0.9% n ustria Others Adhesives 6.1% / a Art & Craft Materials etc. 55.7% Adhesives & S
Slide 13: 5-Year Performance by Business Segments (Standalone)
5-Year Performance by Business Segments (Standalone) Numbers represent Percentage of Total Sales Consumer and Bazaar (C&B) Business to Business (B2B) B2B includes Others also 82% 80% 78% 76% 74% 72% 70% 81% 81% . . ' . | 2018-19 2019-20 2020-21 2021-22 2022-23 22% 20% 18% 16% 14% 12% 10% 20% 20% 20%
Slide 14: Company at a Glance
COMPANY AT A GLANCE Brand established in 1959 Pioneer in Consumer & Specialty Chemicals 7 Regional offices 37 plants 34 co-makers in India 8500+ employees Adhesives & sealants, construction chemicals, art & craft products & polymer emulsions International manufacturing facilities in Thailand, Dubai,
Slide 15: Rs. 9,713 Cr
6,150+ 900+ Rs. 9,713 Cr 5,400+ 44 7 4 13
Slide 16: Creating Value by Creating Categories
Creating Value by Creating Categories © Established Brands with high market maturity and strong share position 1-2X GDP Emerging categories with significant potential for market growth or share gain 2-4X GDP... PIONEER Nascent Categories with huge market creation opportunity 100 Crores revenue in 3
Slide 17: 16
16
Slide 18: Connecting Digitally
CONNECTING DIGITALLY » Fevikwik : 15th May -@ Family - The fix you can always count on! @ #Fevikwik #PhenkoNahiJodo #intemationalDayOfFamilies 4 Fevikwik © The ‘F'in family stands for fixing each others’ troubles #Fevikwik #PhenkoNahiJodo #internationalDayOfFamilies Pidilite Industries Limited is de
Slide 19: Celebrating Occasions - Digital Way
CELEBRATING OCCASSIONS- DIGITAL WAY ie Say Sole dy Se] =) Hobby Ideas India @ coo Maul y wit roff_india eee pr22-@ D8 aw: y FIXIT May your celebrations be as bright as the full moon, and your life be filled with the colours of happiness, : e love, and togetherness!... See more Rotf “an” uence Fvierg
Slide 20: Share Holding Pattern - 30th June 2023
SHARE HOLDING PATTERN- 30th June 2023 11.34% 3.88% = Promoters = Mutual Funds m= FPlIs = Others 19
Slide 21: Share Price Movement
SHARE PRICE MOVEMENT 140 135 130 125 120 115 110 105 100 —Pidilite ——Sensex Rebased to 100 20
Slide 22: Consistent Dividend Payouts
CONSISTENT DIVIDEND PAYOUTS 50% 44.5% 42.7% 40.6% 39.9% 36.9% 40% 30% 20% 10% 0% FY19 FY20 FY21 FY22 FY23 FY 23: Final dividend of Rs. 11.0 per share approved by shareholders at the AGM held on 10th August 2023. Note: The Net Profit considered for above calculation is excluding exceptional items
Slide 23: Pidilite Investor Relations contact
a e ege . Pidilite CIN : L24100MH1969PLC014336 Investor Relations Investor.relations@pidilite.co.in Manisha Shetty [Company Secretary] Ramkrishna Mandir Road, Off Mathuradas Vasanji Road, Andheri (E), Mumbai - 400 059. Phone : +91 22 28357949 Fax : +91 22 28216007