Hpl Electric & Power Limited · NSE:HPL
Hpl Electric & Power — Q4 FY23 Earnings Presentation
31 slides from Hpl Electric & Power's earnings presentation, May 29, 2023
Slide 1: Exchange disclosure cover letter - Earnings Presentation
29th May, 2023 The Manager, BSE Limited Listing Department, 25th Floor, New Trading Ring, Rotunda National Stock Exchange of India Ltd. Building, PhirozeJeejeebhoy Towers, “Exchange Plaza”, C-1, Block G, Dalal Street, Fort, Bandra-Kurla Complex, Bandra (E), Mumbai – 400 001 Mumbai – 400 051 Symbol:
Slide 2: Q4 & FY23 Results Update
www.hplindia.c o m HPL ELECTRIC & POWER LIMITED Q4 & FY23 Results Update March 2023 www.h p lin d ia.co m Slide | 1
Slide 3: Disclaimer
Disclaimer This presentation and the following discussion may contain “forward looking statements” by HPL Electric & Power Limited (“HPL” or the Company) that are not historical in nature. These forward looking statements, which may include statements relating to future results of operations, financ
Slide 4: Discussion
Discussion Summary 01 Company Overview 02 Q4 & FY23 - Performance Update * 03 Business Strategy * www.hplindia.c o m Slide | 3
Slide 5: Company Overview
Slide | 4 www.hplindia.c o m 01 Company Overview
Slide 6: Trusted Electric Equipment Manufacturer
01 Trusted Electric Equipment Manufacturer www.hplindia.c o m Company Overview § ‘One-stop shop’ offering wide range of low-voltage electric products - v Metering Solutions (conventional and smart meters) Profile v Switchgears v Lighting Products § v Wires & Cables Innovative, quality and technologi
Slide 7: Wide-Ranging Product Portfolio
www.hplindia.c o m Company Overview Wide-Ranging Product Portfolio Metering Solutions Industrial Switchgears Domestic Switchgears Lighting Equipment Wires and Cables Domestic Smart Meter Industrial Applications Applications Consumer LED Products ACB MCCB Osafe Techno Fire Resistant MCB (N) MCB Aries
Slide 8: State of Art Manufacturing Facilities
www.hplindia.c o m Company Overview State of Art Manufacturing Facilities Product Segments Capacity (per annum) Electronic Meters 11 million units Lighting Equipment 26 million units Gurugram Jabli Switchgear 16 million units Facility I: Electronic Meters, R&D Center Facility I: Switchgear, Electron
Slide 9: Strong R&D Thrust - Consistent Technology Upgradation
www.hplindia.c o m Company Overview Strong R&D Thrust - Consistent Technology Upgradation Continuous R&D to Launch and Market Exciting New Innovative Products Switchgear • 2 R&D facilities in Gurugram & Kundli with 800V AC ACB for Solar Application Submersible Pump Control Unit (DOL SPCU & Star Delt
Slide 10: Established Pan-India Distribution Network & Brand Presence
www.hplindia.c o m Company Overview Established Pan-India Distribution Network & Brand Presence Established Pan-India Distribution Network & Brand Presence To Capture Significant Growth Potential In Electrical Equipment Industry 90+ Branch & Representative Offices Head Office Srinagar Branch Office
Slide 11: Extensive Experience, Established Relationships, Strong Credentials
www.hplindia.c o m Company Overview Extensive Experience, Established Relationships, Strong Credentials Strong execution, established relationships and strong pre-qualification credentials make HPL a preferred supplier of specialised electrical equipment Extensive Experience Established Relationship
Slide 12: Q4 & FY23 Performance Update
02 Q4 & FY23 www.hplindia.c o m Performance Update Slide | 11
Slide 13: FY23 Salient Highlights
www.hplindia.c o m Q4 & FY23 Performance Update FY23 Salient Highlights • The Company registered robust double-digit growth as revenue increased by 24.48% in FY23. • EBITDA registered a sharp increase of 25.36% where EBITDA is ₹ 156.9 crores in FY23. • Improvement in ROCE • Reduction in inventory da
Slide 14: Q4 & FY23: YoY Performance Analysis
www.hplindia.c o m Q4 & FY23 Performance Update Q4 & FY23 : YoY Performance Analysis Net Revenues & Gross Margin (%) EBITDA & EBITDA Margin % PAT & PAT Margin (%) Q4 FY23 (in ₹ crore) 35.43% 32.30% 14.04% 12.29% EBITDA Margin Gross Margin Net Revenue PAT Margin 4.16% 363 3.11% EBITDA 325 PAT 46 45 1
Slide 15: Q4 FY23: YoY Segment Analysis
www.hplindia.c o m Q4 & FY23 Performance Update Q4 FY23 : YoY Segment Analysis (in ₹ crore) Segment Net Revenue & EBIT Margin 363 326 171 181 % EBIT Margin Q4 FY22 Q4 FY23 192 n Metering & Systems 16.05% 14.09% 145 n Consumer & Industrial 12.39% 11.93% Q4 FY22 Q4 FY23 Segment Revenue Share % 44% 47%
Slide 16: FY23: YoY Segment Analysis
www.hplindia.c o m Q4 & FY23 Performance Update FY23 : YoY Segment Analysis (in ₹ crore) Segment Net Revenue & EBIT Margin 1262 1014 592 570 % EBIT Margin FY22 FY23 670 n Metering & Systems 12.31% 13.62% 444 n Consumer & Industrial 10.64% 11.83% FY22 FY23 Segment Revenue Share % 44% 47% n Metering &
Slide 17: Q4 & FY23 Performance Analysis
www.hplindia.c o m Q4 & FY23 Performance Update Q4 & FY23 : Performance Analysis Metering & Systems segment reported good year-on-year growth • In the Metering & Systems segment revenue grow by 50.87% YoY to ₹ 670 crore in FY23 Strong Performance in Q4 & FY23 led by robust from ₹ 444 crore in FY22.
Slide 18: Update & Business Outlook
www.hplindia.c o m Q4 & FY23 Performance Update Update & Business Outlook • Received its first set of formal orders for supply of 5G electric • Smart Meters are the next game changer in the growth- products in the current year including cables to the top telecom building process. companies. Our grow
Slide 19: Expanding its Global Footprint
www.hplindia.c o m Q4 & FY23 Performance Update Expanding its Global Footprint HPL exports continue to see good growth in orders. HPL’s pending order book gives a good near-term sales visibility in the coming quarters. Turkey United Kingdom Lebanon • HPL is present in 42+ countries across the globe.
Slide 20: Consolidated Profit & Loss Statement
www.hplindia.c o m Q4 & FY23 Performance Update Consolidated Profit & Loss Statement Particulars (In ₹ Crore) Q4 FY23 Q4 FY22 YoY% FY23 FY22 YOY% Revenue from Operations 362.75 325.13 11.57% 1262.20 1013.95 24.48% COGS 245.57 209.92 16.98% 841.75 652.65 28.97% Gross Profit 117.17 115.20. 1.71% 420.4
Slide 21: Consolidated Balance Sheet Statement
www.hplindia.c o m Q4 & FY23 Performance Update Consolidated Balance Sheet Statement Particulars (In ₹ Crore) Particulars (In ₹ Crore) FY23 FY22 FY23 FY22 Equity And Liabilities Assets Shareholder's Funds 795.35 766.24 Non-Current Assets 497.47 502.46 Equity Share Capital 64.3 64.3 Property, plant a
Slide 22: Marketing Campaigns - Amplifying Our Social Media Presence
www.hplindia.c o m Q4 & FY23 Performance Update Marketing Campaigns – Amplifying Our “Social Media” Presence - “Garnered Reach of Over 20 Million” Amplified our Brand Presence Through Social Media Handles Conducted as well as Sponsored various Industrial Webinars and Virtual Exhibitions Slide | 21
Slide 23: Elite Channel Connects & Meets
Q4 & FY23 Performance Update www.hplindia.c o m Elite Channel Connects & Meets 01 02 03 Electrician Meet, Cochin Electrician Meet, Ahmedabad Electrician Meet, Kohlapur 04 05 06 Slide | 22 Nukkad Meet, Delhi Electrician Meet, Jaipur Jammu Retailer Meet
Slide 24: Exhibitions 2023
www.hplindia.c o m Q4 & FY23 Performance Update Exhibitions ‘2023 ELECRAMA ‘2023 ELECRAMA ‘2023 Slide | 23 MEE- Dubai ‘2023 MEE- Dubai ‘2023
Slide 25: Spreading the Brand Presence
www.hplindia.c o m Q4 & FY23 Performance Update Spreading the Brand Presence 01 04 1. Electrician Meet, Nagpur 2. Electrician Meet, Cochin 3. Retailer Association Meet, Ahmedabad 4. Electrician Meet, Ahmedabad 5. Technical Seminar, Roorkee, UK 02 05 03 Slide | 24
Slide 26: Business Strategy
Slide | 25 www.hplindia.c o m 03 Business Strategy
Slide 27: Future Business Strategy for Value Creation
www.hplindia.c o m Business Strategy Future Business Strategy for Value Creation • Commands a ‘market share of ~20%’ in the domestic meters market with an ‘installed Leading Electric Meter Manufacturer capacity of 1.1 crore meters per year’ Fully Geared To Meet • Well Positioned to Capitalise on the
Slide 28: Smart Meters - Gamechanging Initiative With Enormous Potential
www.hplindia.c o m Business Strategy Smart Meters – “Gamechanging Initative” With Enormous Potential • What are smart meters? What is the opportunity size? Smart Meter Suppliers v Meters with embedded software to enable automation and communication v Ministry of Power plans to install 25 to 30 crore
Slide 29: Fuelling Innovation Across Industries: Transformative Potential of 5G
www.hplindia.c o m Fuelling Innovation Across Industries: The “Transformative Potential” of 5G HPL’s Competitive Edge Extensive • Leadership in smart metering and power ü Expertise & solutions, HPL Electric & Power Ltd. bringing Product Portfolio a wealth of experience to the 5G market Government Su
Slide 30: Focus on Driving Healthy Growth in the Consumer Business
www.hplindia.c o m Business Strategy Focus on Driving Healthy Growth in The ‘Consumer’ Business • ‘Consumer’ segment includes Non-utility Metering, Switchgear, Lighting, and Wires & Cables. In FY21, this segment comprised ~63% of the total revenue • HPL is looking to drive healthy growth in this bus
Slide 31: Thank You
Thank You www. hp lind ia. co m Mr. Gautam Seth Joint Managing Director & CFO Email: gautamseth@hplindia.com v Ms. Shankhini Saha Email: hpl@dickensonworld.com