Pidilite Industries Limited · NSE:PIDILITIND
Pidilite Industries — Q2 FY18 Earnings Presentation
19 slides from Pidilite Industries's earnings presentation, Nov 10, 2017
Slide 1: Pidilite Industries Ltd. Q2 FY18 Earnings Presentation
Pidilite Industries Ltd. Q2 FY18 Earnings Presentation
Slide 2: 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 3: Financial Highlights
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Slide 4: Q2 FY18 Earnings Summary
Q2 FY18 Earnings Summary Net sales EBITDA** PBT PAT Standalone Rs 1,348 Cr Rs 373 Cr Rs 383 Cr Rs 261 Cr YoY Growth 11.2% 21.3% 21.8% 15.4% Consolidated Rs 1,514 Cr* Rs 377 Cr Rs 377 Cr Rs 253 Cr YoY Growth 9% 16.9% 17.1% 9.4% ** EBITDA is before non operating income. * Sales is excluding Cyclo. Pid
Slide 5: H1 FY18 Earnings Summary
H1 FY18 Earnings Summary Net sales EBITDA** PBT PAT Standalone Rs 2,682 Cr Rs 679 Cr Rs 701 Cr Rs 478 Cr YoY Growth 4.1% - 2.2% 0% - 4.1% Consolidated Rs 3,012* Cr Rs 698 Cr Rs 707 Cr Rs 479 Cr YoY Growth 2.9% -2.6% -0.7% -4.8% ** EBITDA is before non operating income. *Sales is excluding Cyclo. Pid
Slide 6: Comments on Financial Performance
Comments on Financial Performance Standalone • Net sales at Rs. 1,348 Cr grew by 11.2% in Q2. • Material cost, as a % to sale, is higher than the same quarter last year by 33 Bps. • EBITDA, before non-operating income, at Rs 373 Cr grew by 21.3% in Q2. Consolidated • Net sales(excluding the sales of
Slide 7: Q2 FY18 Overseas Performance
Q2 FY18 Overseas Performance (in INR Crores) Net Sales EBITDA # Figures are reported as per constant currency. #Net sales and EBITDA are excluding Cyclo. 7
Slide 8: H1 FY18 Overseas Performance
H1 FY18 Overseas Performance (in INR Crores) Net Sales EBITDA # Figures are reported as per constant currency. 8 #Net sales and EBITDA are excluding Cyclo.
Slide 9: Company Overview
Oo Pidilite Company Overview FEVICOL Fevikcwil® Fevicryl’ Rangeela THE ULTIMATE ADHESIVE 6 steelorip|® MOY Roff'h SHINE + PROTECTION 4] WATERPROOFING EXPERT FOR CARS & BIKES TILE FIXING SOLUTIONS
Slide 10: Company Overview
Company Overview Brand established in 1959. 8 Regional offices with 23 plants and Pioneer in Consumer and 24 co-makers in India Specialty Chemicals International manufacturing facilities Adhesives & sealants, in USA, Thailand, Dubai, Brazil, Egypt, construction chemicals, art & Singapore and Banglad
Slide 11: Industry Segment Composition as on March 2017
Industry Segment Composition as on March 2017 Industrial Resins etc. {5%} Pigment & Preparation {5%} Others {1%} Industrial Adhesives {5%} Art/Craft Materials & Others {10%} IP 15% C&B 84% Construction/ Paint Chemicals {19%} Adhesives & Sealants {55%} C&B – Consumer & Bazaar, IP – Industrial Product
Slide 12: 5-Year Performance by Business Segments
5-Year Performance by Business Segments Numbers represent Percentage of Total Net Revenue Consumer and Bazaar Products Industrial Products 85% 20% 84% 19% 19% 84% 19% 83% 18% 83% 18% 82% 17% 82% 17% 81% 81% 16% 81% 16% 80% 15% 79% 14% 2012-13 2013-14 2014-15 2015-16 2016-17 2012-13 2013-14 2014-15 2
Slide 13: Domestic Presence – India operations
Domestic Presence – India operations • 5200+ SKUs of 500 products • 5671 distributors • Gross Turnover (domestic) of Rs. 5,720 Cr • 30 warehouses for FY17 • 8 regional offices & 2 RDCs • 23 plants, 24 Co-makers Pidilite Industries Limited 13
Slide 14: Global Presence
Global Presence • Exports to more than 80 countries. Major exports to Middle East, Africa, USA & Europe. • Export Turnover of Rs. 484 Cr in FY17. • 17 Overseas subsidiaries – 5 Direct and 12 Step down. 1 Joint Venture. • Total revenue from Overseas subsidiaries of Rs. 599 Cr in FY17. • International
Slide 15: 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-
Slide 16: Shareholding Pattern as of September 30, 2017
Shareholding Pattern as of September 30, 2017 16.05% Promoters Mutual Funds FPIs 10.92% Others 3.44% 69.59% Pidilite Industries Limited 16
Slide 17: Share Price Movement
Share Price Movement Pidilite Sensex 130 125 120 115 110 105 100 95 90 85 80 75 Sep-16 Oct-16 Nov-16 Dec-16 Jan-17 Feb-17 Mar-17 Apr-17 May-17 Jun-17 Jul-17 Aug-17 Sep-17 Rebased to 100 Pidilite Industries Limited 17
Slide 18: Backed by consistent dividend payouts
Backed by consistent dividend payouts 50% 40% 34.3% 34.1% 34.4% 33.1% 33.8% 30% 20% 10% 0% FY13 FY14 FY15 FY16 FY17 Note : The company transitioned into IND AS from 01.04.2015 Pidilite Industries Limited 18
Slide 19: Investor Contacts
Investor Contacts Investor Relations - investor.relations@pidilite.co.in Savithri Parekh, Company Secretary Ramkrishna Mandir Road, Off Mathuradas Vasanji Road, Andheri (E), Mumbai - 400 059. Phone : +91 22 67697000 CIN : L24100MH1969PLC014336 Fax : +91 22 28216007