Pidilite Industries Limited · NSE:PIDILITIND
Pidilite Industries — Q1 FY2021 Earnings Presentation
30 slides from Pidilite Industries's earnings presentation, Aug 7, 2020
Slide 1: Exchange covering letter for Investor Update
7th August, 2020 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 C
Slide 2: Investor Update Quarter ended June 2020
Pidilite Industries Limited Investor Update Quarter ended June 2020 Financial Highlights Coverage Consolidated Standalone Financial Highlights Particulars Quarter Quarter Business segment wise results Ended Ended Overseas subsidiaries performance June’20 June’20 Domestic subsidiaries perform
Slide 3: Financial Highlights April – June 2020
Financial Highlights April – June 2020 Consolidated Performance as compared to the same quarter last year: Net sales declined by 56.5%. Material cost as a % to net sales is lower by 210 Bps vs same quarter last year and higher by 186 Bps vs previous quarter. EBITDA before non-operating income
Slide 4: Overseas subsidiaries performance
Overseas subsidiaries performance The Company has 20 overseas subsidiaries (6 direct and 14 step-down) and one joint venture, including those having manufacturing and selling operations in USA, Brazil, Thailand, Dubai, Egypt, Sri Lanka, Bangladesh and Kenya. While performance of our Internationa
Slide 5: Domestic subsidiaries performance
Domestic subsidiaries performance The Company has 14 domestic subsidiaries and 2 partnership firms. Performances of subsidiaries were heavily impacted on account of nation-wide lockdown in most part of the quarter due to COVID – 19. The performance of major subsidiaries is detailed below. Thes
Slide 6: Statement of Standalone Financial Results Quarter ended 30.06.2020
PIDILITE INDUSTRIES LIMITED REGD. OFFICE : 7th Floor, Regent Chambers, Jamnalal Bajaj Marg, 208, Nariman Point, Mumbai - 400 021 Tel No. 91 22 2835 7000 Fax : 91 22 2835 6007 Email address : investor.relations@pidilite.co.in Website : www.pidilite.com CIN : L24100MH1969PLC014336 STATEMENT OF STANDAL
Slide 7: Standalone Segment Information Quarter ended 30.06.2020
---- 2 ---- STANDALONE SEGMENT INFORMATION FOR THE QUARTER ENDED 30.06.2020 Rs Crores For the Quarter ended For the Year ended Sr. Particulars No. 30.06.2020 31.03.2020 30.06.2019 31.03.2020 Unaudited Unaudited Unaudited Audited 1 Segment Revenue a) Consumer & Bazaar 614.45 993.93 1434.93 4999.82 b)
Slide 8: Notes to the Standalone Financial Results
---- 3 ---- Notes to the Standalone Financial Results: 1. The above results have been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on 6th August 2020. 2. The Statutory Auditors have carried out a "Limited Review" of the above financials res
Slide 9: Statement of Consolidated Financial Results Quarter ended 30.06.2020
PIDILITE INDUSTRIES LIMITED REGD. OFFICE : 7th Floor, Regent Chambers, Jamnalal Bajaj Marg, 208, Nariman Point, Mumbai - 400 021 Tel No. 91 22 2835 7000 Fax : 91 22 2835 6007 Email address : investor.relations@pidilite.co.in Website : www.pidilite.com CIN : L24100MH1969PLC014336 STATEMENT OF CONSOLI
Slide 10: Consolidated Segment Information Quarter ended 30.06.2020
---- 2 ---- CONSOLIDATED SEGMENT INFORMATION FOR THE QUARTER ENDED 30.06.2020 Rs Crores For the Quarter ended For the Year ended Sr. Particulars No. 30.06.2020 31.03.2020 30.06.2019 31.03.2020 Unaudited Unaudited Unaudited Audited 1 Segment Revenue a) Consumer & Bazaar 702.02 1124.37 1574.31 5573.85
Slide 11: Notes to the Consolidated Financial Results
---- 3 ---- Notes to the Consolidated Financial Results: 1. The above results have been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on 6th August 2020. 2. The Company has opted to publish Standalone as well as Consolidated Financial Result
Slide 12: Pidilite Industries Ltd. Q1 FY21 Earnings Presentation
Pidilite Industries Ltd. Q1 FY21 Earnings Presentation
Slide 13: 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 14: Financial Highlights
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Slide 15: Q1 FY21 Earnings Summary
Q1 FY21 Earnings Summary Net Sales EBITDA * PBT* PAT Standalone Rs 768 Cr Rs 97 Cr Rs 77 Cr Rs 57 Cr YoY Growth -56.6% -76.9% - 81.9% - 80.3% Consolidated Rs 873 Cr Rs 67 Cr Rs 32 Cr Rs 16 Cr YoY Growth - 56.5% -84.8% -92.8% -94.6% * EBITDA is before non operating income. PBT is Profit before tax an
Slide 16: Comments on Financial Performance
Comments on Financial Performance Standalone • Net Sales declined by 56.6% over same quarter last year. • Material cost as a % to net sales is lower by 297 Bps over same quarter last year and higher by 134 Bps v.s previous quarter. • EBITDA, before non-operating income, at Rs 97 Cr, declined by 76.9
Slide 17: Q1 FY21 Overseas Subsidiaries Performance
Q1 FY21 Overseas Subsidiaries Performance 160 140 Sales (in INR Crores) 120 100 Q1, FY 2019-20 80 59.1 60 51.2 Q1, FY 2020-21 38.3 38.3 40 30.3 26.7 20 0 Asia Middle East and Africa Americas 8 6.7 6 EBITDA 3.9 4 2 1.5 1.5 Q1, FY 2019-20 - Q1, FY 2020-21 (2) -1.3 (4) -3.1 Asia Middle East and Africa
Slide 18: Q1 FY21 Domestic Subsidiaries Performance
Q1 FY21 Domestic Subsidiaries Performance (in INR Crores) 80 Sales 63.4 60 53.4 40 31.8 Q1, FY 2019-20 16.8 Q1, FY 2020-21 20 11.7 7.5 7.6 2.7 0 Nina Percept Pvt Ltd ICA Pidilite Pvt Ltd Cipy Polyurethane Pvt Others Ltd 10 6.3 5.4 5 3.6 2.3 EBITDA - Q1, FY 2019-20 (5) -3.7 -5.7 -6.1 Q1, FY 2020-21 (
Slide 19: Company Overview
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Slide 20: Company Overview
Company Overview Brand established in 1959. 9 Regional offices with 26 plants and Pioneer in Consumer and 25 co-makers in India Specialty Chemicals • International manufacturing Adhesives & sealants, facilities in USA, Thailand, Dubai, construction chemicals, art & Brazil, Egypt, Bangladesh, Sri Lan
Slide 21: Industry Segment Composition
Industry Segment Composition 6.4% 6.2% Industrial Resins, Construction Pigment & Preparations chemicals (Project) etc. 1.4% Others 6.1% Industrial Adhesives 8.1% Art & Craft Materials etc. 52.6% Adhesives & 19.2% Sealants Construction & Paint Chemicals 79.9% Consumer & Bazaar Products 18.7% Business
Slide 22: 4-Year Performance by Business Segments
4-Year Performance by Business Segments Numbers represent Percentage of Total Sales Consumer and Bazaar (C&B) Business to Business (B2B) B2B includes Others also 81% 24% 22% 21% 22% 80% 20% 20% 80% 80% 20% 18% 79% 79% 16% 78% 14% 78% 12% 77% 10% 2016-17 2017-18 2018-19 2019-20 2016-17 2017-18 2018-1
Slide 23: Domestic Presence – India operations
Domestic Presence – India operations • 6000+ SKUs of 700+ products • 5,000+ distributors • Domestic Revenue of Rs. 5,638 Cr for • 30 warehouses FY20 • 9 regional offices & 2 RDCs • 26 plants, 25 Co-makers Pidilite Industries Limited 12
Slide 24: Global Presence
Global Presence • Exports to more than 80 countries. Major exports to Middle East, SAARC, Africa, USA & Europe. • Export Revenue of Rs. 695 Cr in FY20. • 20 Overseas subsidiaries – 6 Direct and 14 Step down. 1 Joint Venture. • Total revenue from Overseas subsidiaries of Rs. 575 Cr in FY20. • Interna
Slide 25: Digital Advertising Initiatives for Q1 FY21
Digital Advertising Initiatives for Q1 FY 21 More focus on Digital Ads as all eyes are on mobile phones and computer screen in work from home environment The thought behind the campaign is to get families to spend time with each other by indulging in fun crafting Pidilite Industries Limited activiti
Slide 26: 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 27: Shareholding Pattern as of June 30, 2020
Shareholding Pattern as of June 30, 2020 14.78% Promoters Mutual Funds 11.17% FPIs 3.86% Others 70.19% Pidilite Industries Limited 16
Slide 28: Share Price Movement
Share Price Movement 150 Pidilite Sensex 140 130 120 110 100 90 80 70 60 Jun-2019 Jul-2019 Aug-2019 Sep-2019 Oct-2019 Nov-2019 Dec-2019 Jan-2020 Feb-2020 Mar-2020 Apr-2020 May-2020 Jun-2020 Rebased to 100 Pidilite Industries Limited 17
Slide 29: Backed by consistent dividend payouts
Backed by consistent dividend payouts 50% 40.6% 40% 38.1% 36.9% 33.1% 33.8% 30% 20% 10% 0% FY16 FY17 FY18 FY19 FY20 Note: The Net Profit considered for above calculation is excluding exceptional items Pidilite Industries Limited 18
Slide 30: Investor Contacts
Investor Contacts Investor Relations - investor.relations@pidilite.co.in Puneet Bansal, Company Secretary Ramkrishna Mandir Road, Off Mathuradas Vasanji Road, Andheri (E), Mumbai - 400 059. Phone : +91 22 28357949 CIN : L24100MH1969PLC014336 Fax : +91 22 28216007
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