Pg Electroplast Limited · NSE:PGEL
Pg Electroplast — Q1 FY2023 Earnings Presentation
25 slides from Pg Electroplast's earnings presentation, Aug 12, 2022
Slide 1: Investor Presentation cover letter to exchanges
(/j PG Pli ELECTROPLAST LI MITED CIN-L32109DL2003PLC119416 Unit-IV A-20/2, MIDC Supa, Taluka· Parner Distt. Ahmednagar, Maharashtra-414301, India Phone: 02488-213343 E·mail#info@pgel.in Website# www.pgel.in August 12, 2022 To, To, The Manager (Listing) The Manager (Listing) BSE Limited, National Sto
Slide 2: PG Electroplast Company Update 1Q FY2023
PG Electroplast Company Update 1Q FY2023, Aug. 2022
Slide 3: Disclaimer
Disclaimer This presentation has been prepared for informational purposes only. This Presentation does not constitute a prospectus, Offering circular or offering memorandum and is not an offer or initiation to buy or sell any securities, nor shall part or all of this presentation from the basis of,
Slide 4: Agenda
Introduction Quarterly Financials Agenda Quarterly - Key Metrics Strategy & Outlook Historical Financials
Slide 5: About PG Electroplast Limited
▪ PG Electroplast Limited (PGEL) is the flagship company of PG Group. While the PG Group had started its journey in 1977, PG Electroplast was formally set up in 2003 and is a leading, diversified Indian Electronic Manufacturing Services provider. ▪ PGEL specializes in Original Design Manufacturing (
Slide 6: Our Journey
Our Journey AC Outdoor Unit Assembly capabilities developed. Developed and launched ODM platform for Fully Automatic Washing Machines. Developed and launched ODM platform for Air Coolers. 2022 2021 Achieved highest ever revenues – Crossed Rs 10 billion (Rs 1000 crores) mark Developed and Launched 2
Slide 7: Industries Served
Industries Served Air Washing LED Air Automotive Bathroom Consumer Conditioners Machines Televisions Coolers Components Fittings Electronics
Slide 8: Key Financials
• The Company has grown more than 4x in six years from a revenue of INR 263 crores in 2015-16, to INR 1098 crores in 2021-2022 at a 27% CAGR with the EBITDA Key Financials increasing at a 28% CAGR. • Over the past six years, the company has done a cumulative Capital Expenditure of close to INR 400 C
Slide 9: Key Clients
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Slide 10: Agenda
Introduction Quarterly Financials Agenda Quarterly - Key Metrics Strategy & Outlook Historical Financials
Slide 11: 1QFY2023 Consolidated Profit & Loss Highlights
• 1QFY2022 Sales stand at Rs 535 crores with a 289% YoY growth. EBITDA 1QFY2023 growth stands at 290% YoY. Product Business crossed 315 crores and constituted 59% of the sales for the quarter. Consolidated Profit • Ex of forex loss, Operating margins are flat QoQ and Improved YoY, due to operating l
Slide 12: 1QFY2023 Balance sheet - Consolidated
1QFY2023 Balance sheet - Consolidated (Figures in ₹ million) As on As on As on As on A. EQUITY AND LIABILITIES B. ASSETS 30.06.2022 31.03.2022 30.06.2022 31.03.2022 (a) Share capital 212.2 212.2 (a) Fixed assets 4422.5 4409.6 (b) Reserves and surplus 3080.4 2910.7 (b) Capital Work in Progress 114.4
Slide 13: Agenda
Introduction Quarterly Financials Agenda Quarterly - Key Metrics Strategy & Outlook Historical Financials
Slide 14: Financial Metrics
• Operating profit margins ex-of forex loss have remained largely stable, Softening commodity prices and Operating Leverage in coming quarters should help the Financial margins in rest of the year. Metrics • Working capital has normalized & some working capital debt has been repaid during the quarte
Slide 15: Business Breakup
• The Washing Machine (WM) and AC Business have seen robust growth, WM business Business grew 271%, while AC business crossed Rs 250 crores during the quarter. We continue to invest in R&D and Product development in both AC and WM businesses. Breakup • Products business remains the focus area and gr
Slide 16: Major Highlights of 1QFY23
• 1QFY2023 was another landmark quarter as Consolidated Sales crossed Rs 500 crores for the company. • The Product business contributed 58.9% of the total revenues in 1QFY23. Room AC business crossed Rs 250 crores during the quarter and achieved highest ever quarterly sales. The Washing Machines bus
Slide 17: Agenda
Introduction Quarterly Financials Agenda Quarterly - Key Metrics Strategy & Outlook Historical Financials
Slide 18: Industry Outlook
Industry Outlook The Rapid rate of urbanization, Low penetration levels, falling Government reforms such as growth of young population with prices of durables and electronics Digital India, Make in India, Power rising income levels is leading to and changing lifestyle of the for all and Jan Dhan-Aad
Slide 19: Future Growth Strategy
Future Growth Strategy • Washing Machines Company foresees large • Room Air conditioner opportunities in plastic • Refrigerators moulding in consumer durables in appliances like: • Ceiling Fans • Sanitaryware products • Air coolers Opportunities in the ODM • Washing machines space for products like:
Slide 20: Future Outlook
Gradual improvement in margins due to better operational efficiencies and Future Outlook higher operating leverage Improving • Product business to drive profitability and growth for the company higher cash- flows, will lead to better capital • Company is developing new efficiency and stronger balanc
Slide 21: Guidance for FY23
o Maintain Sales guidance of INR 1800 crores which is a growth of 64% over FY2022 consolidated sales. o Operating profit guidance of INR 126 crores which is a growth of 69% over FY2022 operating profit of Rs 75.5 crores. o Operating margins across segments should see Guidance improvement due to oper
Slide 22: Agenda
Introduction Quarterly Financials Agenda Quarterly - Key Metrics Strategy & Outlook Historical Financials
Slide 23: Profit & Loss Statement
Profit & Loss Statement Figures in ₹ million Mar-16 Mar-17 Mar-18 Mar-19 Mar-20 Mar-21 Mar-22 Net Sales 2,603 3,664 3,994 5,084 6,394 7032 10977 Growth (%) 9.0% 40.8% 9.0% 27.3% 25.8% 10.0% 56.1% Expenditure 2.422 3,456 3,749 4,777 5,993 6534 10232 Increase/Decrease in Stock (48) 19 (109) (41) (70)
Slide 24: Balance Sheet
Balance Sheet (Figures in ₹ million) As on 31 March As on 31 March A. EQUITY AND B. ASSETS LIABILITIES 2016 2017 2018 2019 2020 2021 2022 2016 2017 2018 2019 2020 2021 2022 (a) Share capital 164 164 164 187 195 197 212 (a) Fixed assets 1456 1620 1785 1921 2532 2731 4410 (b) Capital Work in (b) Reser
Slide 25: Thank You!
Thank You! We look forward to working with you!