Grindwell Norton Limited · NSE:GRINDWELL

Grindwell Norton — Investor Presentation (June 2016)

20 slides from Grindwell Norton's investor presentation, Jun 2, 2016

  1. Slide 1: Grindwell Norton Ltd. Investor Meet

    Grindwell Norton Ltd. Investor Meet 2nd June 2016

  2. Slide 2: Key Indicators and Trends

    Key Indicators and Trends 2

  3. Slide 3: Key Financial Indicators

    Key Financial Indicators (Rs. Crores) Key Financials FY 15-16 FY 14-15 Growth % Net Sales 1121 1084 3.4% Net Sales & Service Income 1175 1128 4.2% Operating Profit 161 157 2.5% Profit After Tax 105 103 1.4% OP margin (% to Net Sales) 14.4% 14.5% Asset Turnover (based on Net Sales) 1.6 1.7 ROCE % 22.

  4. Slide 4: Net Sales & Service Income Bridge

    Net Sales & Service Income Bridge FY 2014-15 FY 2015-16 Rs. 1128 Rs.1175 Increase of Rs. 47 crores (+ 4.2%) (Rs. Crores) Abrasives ~ 4% 3.4% -1.2% 0.6% 0.5% 0.9% 4

  5. Slide 5: Net Sales & Service Income Bridge

    Net Sales & Service Income Bridge FY 2014-15 FY 2015-16 Rs. 1128 Rs.1175 Increase of Rs. 47 crores (+ 4.2%) (Rs. Crores) Abrasives ~ 4% 3.0% 0.6% 0.6% 5

  6. Slide 6: Net Sales & Service Income Bridge

    Net Sales & Service Income Bridge FY 2013-14 FY 2014-15 FY 2015-16 Rs. 958 (+ 17.7%) Rs. 1128 Rs.1175 (+ 4.2%) (Rs. Crores) Abrasives ~ 4% 6

  7. Slide 7: GNO, Abrasives, C&P Qtrly Sales (Excl Service Income)

    GNO, Abrasives, C&P Qtrly Sales (Excl Service Income) (Rs. Crores) Source: Quarterly results 7

  8. Slide 8: GNO: Net sales - Domestic & Export (Excl Service Income)

    GNO: Net sales - Domestic & Export (Excl Service Income) (Rs. Crores) GNO Total Sales CAGR: - 2003 to 2011-12 : 18.7% - 2011-12 to 2015-16 : 6.1% GNO Dom Sales CAGR: - 2003 to 2011-12 : 18.9% - 2011-12 to 2015-16 : 5.4% CAGR (2003 to 2015-16): - Domestic: 14.2% - Exports: 15.2% 2015-16: Sales Growth

  9. Slide 9: GNO, Abrasives, C&P - Net Sales (Excl Service Income)

    GNO, Abrasives, C&P - Net Sales (Excl Service Income) (Rs. Crores) GNO Total Sales CAGR: - 2003 to 2011-12 : 18.7% - 2011-12 to 2015-16 : 6.1% GNO Abrasives Sales CAGR: - 2003 to 2011-12 : 17.0% - 2011-12 to 2015-16 : 6.0% CAGR 2004 to 2015-16: - Abrasives : 13.2% - C&P : 17.4% In FY16, GNO Sales in

  10. Slide 10: Key Financial Indicators

    Key Financial Indicators (Rs. Crores) Key Financials FY 15-16 FY 14-15 Growth % Net Sales 1121 1084 3.4% Net Sales & Service Income 1175 1128 4.2% Operating Profit 161 157 2.5% Profit After Tax 105 103 1.4% OP margin (% to Net Sales) 14.4% 14.5% Asset Turnover (based on Net Sales) 1.6 1.7 ROCE % 22.

  11. Slide 11: Operating Profit Bridge

    Operating Profit Bridge Apr-Mar 15 Apr-Mar 16 Rs. 157 Rs. 161 Increase of Rs. 4 cr. ( +2.5%) (Rs. crores)

  12. Slide 12: Operating Profit Bridge

    Operating Profit Bridge Apr-Mar 15 Apr-Mar 16 Rs. 157 Rs. 161 Increase Rs.4 cr. ( +2.5%) (Rs. crores)

  13. Slide 13: Operating Profit Bridge

    Operating Profit Bridge FY 2013-14 FY 2014-15 FY 2015-16 Op = Rs. 125 Op = Rs. 157 Op = Rs.161 (+ 25.6%) (+ 2.5%) (Rs. Crores) Abrasives ~ 4% 13

  14. Slide 14: GNO, Abrasives, C&P - Qtrly Op. Profit

    GNO, Abrasives, C&P - Qtrly Op. Profit (Rs. Crores) **GNO Total includes unallocated income / expenses. Source: Quarterly results 14

  15. Slide 15: GNO, Abrasives, C&P – Op. Profit

    GNO, Abrasives, C&P – Op. Profit (Rs. Crores) GNO Op. Profit CAGR: CAGR 2003 to 15-16: - 2003 to 2011-12 : 21.2% - Abr. : 14.2% - 2011-12 to 2015-16 : 2.0% - C&P : 14.5% In FY16, GNO PBIT increased by 3%; Abrasives by 1%; C&P by -6% Source: Annual Reports 15

  16. Slide 16: GNO Profits – Op. Profit & PAT

    GNO Profits – Op. Profit & PAT GNO Op. Profit CAGR: (Rs. Crores) - 2003 to 2011-12 : 21.2% - 2011-12 to 2015-16 : 2.0% GNO PAT CAGR 2003-2016 : 14.6% (1) 2015-16: PBIT growth: 2.5% ; PAT growth: 1.4% (2) 2007 PBIT & PAT are excluding a one time extra-ordinary gain of Rs 77 crores arising out of sale

  17. Slide 17: GNO Profitability – ROCE & Op Margin (%)

    GNO Profitability – ROCE & Op Margin (%) ROCE Operating Margin Note: Op. Profit is before considering extra-ordinary items. Source: Annual & Internal Reports 17

  18. Slide 18: GNO: Capex in Rs. Crores & as % of Net Sales

    GNO: Capex in Rs. Crores & as % of Net Sales 12.1 130 Capex % 12 11.2 Capex value 10.6 110 9.7 10 107 97 90 Rs. Crores Capex in 8 7.3 70 Capex % 6 4.8 4.6 50 4.3 41 3.7 36 4 42 43 25 3.2 37 30 33 29 3.7 3.3 2 2.7 10 13 14 7 0 (10) 2003 2004 2005 2006 2007 2008 09/10 10/11 11/12 12/13 13/14 14/15 15/

  19. Slide 19: GNO (Standalone) – Dividend per share & Payout

    GNO (Standalone) – Dividend per share (Rs.) & Dividend (+ DDT) payout (%) 8.00 8.0 50% 51% 50% 47% 45% 6.50 6.50 7.0 43% 6.50 6.50 42% 6.00 39% 40% 43% 6.50 43% 6.0 40% 6.00 43% 40% 38% 5.0 30% 4.00 4.0 3.50 20% 3.0 2.80 2.50 2.0 10% Dividend (+DDT) Payout (%) 1.63 1.0 Dividend Per Share (Rs.)** 0%

  20. Slide 20: Thank You

    Thank You

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