Exxaro Tiles Ltd. · NSE:EXXARO
Exxaro Tiles — Q3 FY23 Earnings Presentation
33 slides from Exxaro Tiles's earnings presentation, Feb 10, 2023
Slide 1: Covering letter to stock exchanges
Dated: 10th February 2023 To, To, BSE Limited National Stock Exchange of India Ltd. Corporate Relations Department Corporate Relations Department Phiroze Jeejeebhoy Towers, Exchange Plaza, Block G,C/1, Bandra Dalal Street, Kurla Complex, Bandra (E), Mumbai – 400 001 Mumbai –400 051 Security Code: 54
Slide 2: Exxaro Tiles Limited Investor Presentation – Q3 FY23
EXXARO TILES LIMITED Investor Presentation – Q3 FY23
Slide 3: Safe Harbour
Safe Harbour This presentation may contain certain forward-looking statements relating to Exxaro Tiles Ltd. and its future business, development and economic performance. These statements include descriptions regarding the intent, belief or current expectations of the Company, its subsidiaries and a
Slide 4: Q3 & 9M FY23 Result Highlights
Q3 & 9M FY23 Result Highlights 3
Slide 5: Management Commentary
Management Commentary Commenting on the results, “ Mr. Mukesh Patel, Chairman and Managing Director said… ` After navigating through the challenging first half of FY23, our company has shown pricing discipline, innovation capability through successfully completing installation and commercial launch
Slide 6: Financial Highlights (1/3)
Financial Highlights (1/3) Margins Total Revenue (Rs. In Mn) EBITDA (Rs. In Mn) PAT (Rs. In Mn) 9.6% 10.2% 2% 4.6% 810.50 37.2 725.40 82.7 70 12% 18% 172% Q-o-Q Q-o-Q Q-o-Q 13.7 Q2 FY23 Q3 FY23 Q2 FY23 Q3 FY23 Q2 FY23 Q3 FY23 Total Revenue (Rs. In Mn) EBITDA (Rs. In Mn) PAT (Rs. In Mn) 14.6% 10.2% 6
Slide 7: Financial Highlights (2/3)
Financial Highlights (2/3) Margins Total Revenue (Rs. In Mn) EBITDA (Rs. In Mn) PAT (Rs. In Mn) 14.4% 9.9% 4.7% 2.8% 324.93 106.06 2,259.15 218.95 61.69 -2% 2,211.81 -33% -42% Y-o-Y Y-o-Y Y-o-Y 9M FY22 9M FY23 9M FY22 9M FY23 9M FY22 9M FY23 • Higher Marketing spends in Q2 and Q3 due to new Big Slab
Slide 8: Financial Highlights (3/3)
Financial Highlights (3/3) (Rs. In Mn.) Total Revenue Split Geographical Revenue Split 773.13 Q3 FY22 Q3 FY23 717.50 12% 1% 13% 1% 10% 10% 45% 48% 78.69 89.19 0.57 3.81 29% 31% Q3 FY22 Q3 FY23 Own Manufacturing Outsource Others West south north east export West south north east export 9M FY22 9M FY2
Slide 9: Volumes
Volumes Sales Volume (in Msm) 7.80 2.24 2.38 2.69 -7% 2.38 8% -9% 6.59 Y-o-Y Q-o-Q Y-o-Y Own Manufacturing 0.38 Outsource 0.38 0.31 1.12 0.28 0.66 Q3 FY22 Q3 FY23 Q2 FY23 Q3 FY23 9M FY22 9M FY23 • Sales Volumes declined by 6.9% YoY to 2.2 Msm in Q3FY23, but but were up 8% QoQ vs. Q2FY23. • Sales Vol
Slide 10: Key Development During Q3 FY23
Key Development During Q3 FY23 COMMERCIAL MARKET LAUNCH OF BIG SLAB • Big Slab manufacturing facility was setup at existing plant at Talod with capacity of 1.4 million sq. mtrs p.a during H1FY23 • Big Slab are Large format GVT tiles admeasuring 9mm/20mm with thickness in various sizes of 800x2400, 8
Slide 11: Profit & Loss Statement – Q3 & 9M FY23 (Standalone)
Profit & Loss Statement – Q3 & 9M FY23 (Standalone) Particulars (Rs. in millions) Q3 FY23 Q3 FY22 Y-O-Y Q2FY23 Q-O-Q 9MFY23 9MFY22 Y-o-Y Net Revenue 810.5 852.4 -5% 725.4 12% 2,211.8 2,259.2 -2% Cost of Material Consumed 220.5 235.6 183.6 567.9 678.0 Purchase 79.9 69.0 70.3 246.6 158.5 Change in Inv
Slide 12: Profit & Loss Statement – Q3 & 9M FY23 (Consolidated)
Profit & Loss Statement – Q3 & 9M FY23 (Consolidated) Particulars (Rs. in millions) Q3 FY23 Q3 FY22 Y-O-Y Q2FY23 Q-O-Q 9MFY23 9MFY22 Y-o-Y Net Revenue 810.5 852.4 -5% 725.4 12% 2,211.8 2,259.2 -2% Cost of Material Consumed 220.5 235.6 183.6 567.9 678.0 Purchase 79.9 69.0 70.3 246.6 158.5 Change in I
Slide 13: Company overview
OG ) TILES Passion for Innovation 12
Slide 14: Company At Glance
Company At Glance 2 14.6 million sq. m Single Largest Plant Manufacturing Facilities Production Capacity For manufacturing glazed vitrified tiles under one roof Located at Padra & Talod Per annum in India (Unit 2 at Talod) 1000+ 2000+ 25 states Designs Touchpoints serving metro, Domestic presence Ti
Slide 15: Key Milestones
Key Milestones 2012 2015 2022 Began setting up anew project to • Won ‘Best Display Award’ at Décor India Show and won ‘Best Stall’ at Buildtech 2015 manufacture double-charged Crossed annual sales of • Commenced the setting up of a new project at Talod in Sabarkantha district with a vitrified tiles
Slide 16: Our Unique Proposition
Our Unique Proposition Integrated Business Model In House R & D Facilities Low Cost Gas Supply Our is a Integrated Well-equipped in house We have Contract with Business Model leading to cost production facilities and ONGC for Gas Supply at our competitiveness and premium laboratories. Strict quality
Slide 17: Branding & Promotion Activities
Branding & Promotion Activities Exxaro Tiles signed Ajay Devgn as its brand Ambassador “Association with Ajay Devgn will strengthen our brand recall and position our unique offering, both to our valued customers and end-users” Branding activities undertaken: • Tiles display at each counter • Brandin
Slide 18: Manufacturing Facilities
Manufacturing Facilities Unit I – Padra ,Vadodra Unit 2 – Talod,Sabarkantha • Area - 1,23,504 Sq Mt • Area - 37,460 Sq Mt • Production Capacity – 11,000,000 Sq Mt • Production Capacity - 36,00,000 Sq Mt • Exxaro Unit 2 located at Himmatnagar, Sabarkantha in • EXXARO Unit 1 based in Vadodara, Gujarat
Slide 19: Our Way forward
Our Way forward Increase our sales by Expand our dealer enhancing our Improving network in existing Strengthen Brand Increasing our export manufacturing operational markets and Value presence capacities and efficiencies through penetrating new procuring materials Technological markets on an outsourc
Slide 20: Product Profile
OG ) TILES Passion for Innovation 19
Slide 21: Product portfolio
Product portfolio Sizes In MM • 800 X 3000 • 800 X 2400 Tile Categories • 300 X 300 • 800 X 1600 • 300 X 450 1. Double Charged Vitrified • 600 X 1200 Exxaro has been a frontrunner • 300 X 600 in manufacturing tiles with: Tiles (DCVT) • 800 X 800 • 400 X 400 • 600 X 600 • 3D effect in Double Charge 2
Slide 22: New Product Basket 1600x800 MM Size
New Product Basket 1600x800 MM Size Ancona Shell Dallas Bianco Parrino Silver 21 Exxaro Tiles | NAYE BHARAT KI NAYI PEHCHAN
Slide 23: New Product Basket 1600x800 MM Size
New Product Basket 1600x800 MM Size Dave Grey Dave Nero Adorf Crema 22 Exxaro Tiles | NAYE BHARAT KI NAYI PEHCHAN
Slide 24: New Product Basket 1200x600 MM Size Spanizia Collection
New Product Basket 1200x600 MM Size Spanizia Collection Reven Arena Reven Crema Reven Gris 23 Exxaro Tiles | NAYE BHARAT KI NAYI PEHCHAN
Slide 25: New Product Basket 600x600 MM Size-12 Thick Parking Tile
New Product Basket 600x600 MM Size-12 Thick Parking Tile Scab Grey Square stone Olive Nuton Nero Volte Crema Volte Brown Nuton Grey 24 Exxaro Tiles | NAYE BHARAT KI NAYI PEHCHAN
Slide 26: New Product: Big Slab has started reaching showrooms
New Product : Big Slab has started reaching showrooms 25 Exxaro Tiles | NAYE BHARAT KI NAYI PEHCHAN
Slide 27: Mumbai New Renovated Display Center
Mumbai New Renovated Display Center 26 Exxaro Tiles | NAYE BHARAT KI NAYI PEHCHAN
Slide 28: Our Clientele
Our Clientele 27 Exxaro Tiles | NAYE BHARAT KI NAYI PEHCHAN
Slide 29: Board of Directors
Board of Directors Mr. Mukeshkumar Patel Mr. Kirankumar Patel Mr. Dineshbhai Patel Promoter, Chairman and Promoter & Director Promoter & Director Managing Director (Sales & Marketing) (Operations) • Possesses approximately 20+ years of experience in • Possesses approximately 15+ years of experience
Slide 30: Awards & Recognitions
Awards & Recognitions 29 Exxaro Tiles | NAYE BHARAT KI NAYI PEHCHAN
Slide 31: Quality Certifications
Quality Certifications 30 Exxaro Tiles | NAYE BHARAT KI NAYI PEHCHAN
Slide 32: Historical Annual Performance Trends
Historical Annual Performance Trends Revenue (Rs. In Mn) EBITDA (Rs. In Mn) PAT (Rs. In Mn) 3,253 484 178 181 484 2,551 417 430 2,415 2,407 152 2,198 2,211.81 376 113 81 219 62 FY18 FY19 FY20 FY21 FY22 9M FY23 FY18 FY19 FY20 FY21 FY22 9M FY23 FY18 FY19 FY20 FY21 FY22 9M FY23 Net Debt(Rs. In Mn) Sale
Slide 33: Thank You
Thank You Contact Mr. Himanshu Shah (CFO) Abhilash Agrawal Email: cfo@exxarotiles.com Email: abhilash@s-ancial.com Tel: 079-30555500 Tel: +91 7000923013 Exxaro Tiles Limited 12th Floor, D-Block, Ganesh Glory11, Nr. BSNL Office, S-ancial Technologies Pvt. Ltd. (Investor Relations) Jagatput Chenpur Ro