Pidilite Industries Limited · NSE:PIDILITIND
Pidilite Industries — Q4 FY2023 Earnings Presentation
25 slides from Pidilite Industries's earnings presentation, May 9, 2023
Slide 1: Earnings Presentation submission letter to stock exchanges
9th May, 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 Code
Slide 2: Q4 & FY 23 Earnings Presentation
Q4 & FY 23 Earnings Presentation 1
Slide 3: Our Brands
OUR BRANDS ra FEVICOL Foviergt Araldite BESS wo
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 The current quarter’s revenue growth is primarily driven by domestic demand. The demand from rural and semi-urban improved during the quarter. While the near-term environment is likely to remain uncertain, we look forward to the future with cautious optimism. The moderation in i
Slide 6: Financial Highlights
FINANCIAL HIGHLIGHTS 5
Slide 7: Performance Overview
PERFORMANCE OVERVIEW Despite the challenging environment on both the demand as well as input cost fronts throughout the year, we have delivered robust value and volume growth across our businesses in geographies with revenue crossing Rs. 11,000 crores for the first time. Growth was broad based a
Slide 8: Earnings Summary FY'23
EARNINGS SUMMARY FY’23 NET SALES EBITDA* PBT* PAT CONSOLIDATED Rs. 11,752 Cr Rs. 1,984 Cr Rs. 1,723 Cr Rs. 1,289 Cr YOY GROWTH 18.9% 7.4% 6.8% 6.8% STANDALONE Rs. 10,545 Cr Rs. 1,855 Cr Rs. 1,668 Cr Rs. 1,257 Cr YOY GROWTH 19.1% 4.7% 4.8% 5.5% •EBITDA is before non operating income. PBT is Profit be
Slide 9: Earnings Summary Q4 FY23
EARNINGS SUMMARY Q4’ FY23 NET SALES EBITDA* PBT* PAT CONSOLIDATED Rs. 2,674 Cr Rs. 459 Cr Rs. 393 Cr Rs. 286 Cr YOY GROWTH 7.0% 14.5% 13.5% 12.4% STANDALONE Rs. 2,366 Cr Rs. 436 Cr Rs. 389 Cr Rs. 291 Cr YOY GROWTH 6.6% 12.3% 13.6% 15.3% •EBITDA is before non operating income. PBT is Profit before ta
Slide 10: Segment Summary - Standalone
SEGMENT SUMMARY - STANDALONE (in INR Crores) Sr. PARTICULARS FY'23 FY'22 Growth Q4 23 Q4 22 Growth 1 Segment Sales a) C&B 8,454.8 6,992.2 20.9% 1,870.3 1,707.3 9.5% b) B2B 2,214.7 1,969.9 12.4% 531.9 550.7 -3.4% c) Others 102.2 63.7 60.4% 20.7 18.8 10.1% Total 10,771.7 9,025.8 19.3% 2,422.9 2,276.8
Slide 11: Overseas Subsidiaries Performance FY'23
OVERSEAS SUBSIDIARIES PERFORMANCE FY’23 (in INR Crores) Asia Sales 20% 314.2 261.2 Americas* Sales 5% 244.9 258.0 EBITDA 23% 50.2 40.7 EBITDA -129% 10.3 Middle East and Africa Sales 23% EBITDA -3.0 258.4 8.8 210.5 •Pidilite USA Inc has decided to discontinue the operations of its Sargent Art Divisio
Slide 12: Overseas Subsidiaries Performance Q4 FY23
OVERSEAS SUBSIDIARIES PERFORMANCE Q4’ FY23 (in INR Crores) Asia Sales 12% 80.9 72.2 Americas Sales EBITDA 44% 58.7 58.5 12.2 8.5 EBITDA -67% Middle East and Africa Sales 28% EBITDA -2.5 71.0 3.4 55.3 -4.2 -0.5 • Amounts are like for like actual reported numbers excluding translations and other conso
Slide 13: Domestic Subsidiaries Performance FY'23 & Q4 FY23
DOMESTIC SUBSIDIARIES PERFORMANCE FY’23 & Q4’ FY23 600 160 32% 14% 22% 2% 140 480 120 103.9 391.2 315.9 100 85.0 91.2 89.2 360 295.7 NET SALES 276.6 80 240 60 120 40 20 0 0 C&B B2B C&B B2B 100 56% 403% 128% 22 1% 75 66.8 18 50 42.9 13.5 13.3 14 EBITDA 25 6.3 10 0 6 4.6 -25 2 (22.6) -2 -50 (1.5) C&B
Slide 14: Industry Segment Composition (FY'23)
INDUSTRY SEGMENT COMPOSITION (FY’23) 4.4% 81.1% 7.8% Consumer & Pigment & Industrial Resins, Bazaar products Preparations Construction chemicals (Project) etc. 18.0% Business to Business 0.9% products 9 Others 5.8% 0.9% Others Industrial Adhesives 6.1% Art & Craft Materials etc. 55.7% Adhesives & 19
Slide 15: Industry Segment Composition (FY'22)
INDUSTRY SEGMENT COMPOSITION (FY’22) 5.6% 7.6% Pigment & 79.9% Industrial Resins, Preparations Consumer & Construction chemicals Bazaar products (Project) etc. 19.4% 0.7% Business to Business 9 6.2% products Others Industrial 0.7% Adhesives Others 5.5% Art & Craft Materials etc. 55.7% Adhesives & 18
Slide 16: 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% 81% 81% 22% 80% 80% 80% 20% 20% 20% 80% 20% 19% 19% 78% 18% 76% 16% 74% 14% 72% 12% 70% 10% 2018-19 2019-20 2020-21 2021-
Slide 17: Company at a Glance
COMPANY AT A GLANCE Brand established in Adhesives & sealants, History of creating Among the most trusted brands 1959 construction chemicals, strong brands in the country. Other big brands Pioneer in Consumer & art & craft products & include M-Seal, Fevikwik, Fevistik, Specialty Chemicals polymer em
Slide 18: Domestic Presence
DOMESTIC PRESENCE INDIA OPERATIONS 6,250+ SKUs of 900+ products Domestic Revenue of Rs. 9,713 Cr for FY23 33 plants, 35 Co-makers 5,300+ distributors 44 warehouses 7 regional offices & 4 RDCs 12 domestic subsidiaries (including 1 partnership firm) and 6 associates 17
Slide 19: Marketing & Advertising
MARKETING & ADVERTISING Consistent and effective brand building activities across various categories a. Consumer Adhesives & Sealants b. Craftsmen Adhesives c. Waterproofing Chemicals d. Hobby & Craft Colours Several of the brands are well-known in respective categories (Fevicol, Fevikwik , M-Seal,
Slide 20: Connecting Digitally
CONNECTING DIGITALLY (eat) Fevicol NL Humaare haathiyon ko mila ek aur saathi @® Congratulations on bringing home the Oscars! #FevicolKaJod #MazbootJod Elephants never disappoint ;) oR FEVICOL ie Fevikwik 11 January “@ We know which song is our mood fixeRRR © #Fevikwik #PhenkoNahiJodo Naatu-ta Naatu
Slide 21: Celebrating Occasions - Digital Way
CELEBRATING OCCASSIONS- DIGITAL WAY 20
Slide 22: Share Holding Pattern - 31 March 2023
SHARE HOLDING PATTERN- 31 March 2023 15.24% Promoters Mutual Funds FPIs 10.61% Others 4.21% 69.94% 21
Slide 23: Share Price Movement
SHARE PRICE MOVEMENT 140 130 120 110 100 90 80 70 Pidilite Sensex Rebased to 100 22
Slide 24: Consistent Dividend Payouts
CONSISTENT DIVIDEND PAYOUTS 50% 40.6% 39.9% 42.7% 40% 38.1% 36.9% 30% 20% 10% 0% FY18 FY19 FY20 FY21 FY22 FY 23: The Board of Directors have proposed a final dividend of Rs. 11 Per share (Dividend Payout - 44.5%), subject to approval of shareholders at the AGM. Note: The Net Profit considered for ab
Slide 25: Investor Relations
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 24
Pidilite Industries — Q4 FY2023 Earnings Presentation on 6ix