Hindware Home Innovation Limited · NSE:HINDWAREAP
Hindware Home Innovation — Q2 FY23 Earnings Presentation
31 slides from Hindware Home Innovation's earnings presentation, Nov 14, 2022
Slide 1: Exchange filing cover letter
NEAPS/BSE ONLINE 14th November, 2022 The Corporate Relationship Department BSE Limited Phiroze Jeejeebhoy Towers, 1st Floor, New Trading Ring, Rotunda Building, Mumbai-400001 (BSE Scrip Code: 542905) Listing Department National Stock Exchange of India Limited Plot No. C/1, Block-G, Exchange Plaza, 5
Slide 2: Q2 & H1 FY23 Financial Result Presentation
Q2 & H1 FY23 Financial Result Presentation November 14, 2022 1
Slide 3: Disclaimer
Disclaimer This presentation has been prepared by Hindware Home Innovation Limited (formerly Somany Home Innovation Limited) (the “Company”) solely for your information and may not be distributed, reproduced, or redistributed or passed on directly or indirectly to any other person, whether within or
Slide 4: Business Overview
Business Overview Premium Consumer Appliances Leader in Industry Judicial mix of and Building Products Company leading growth owned and Sanitaryware and second largest in the in Plastic Pipes outsourced Owner of Brand Building Products faucets segment & Fittings manufacturing Hindware Segment segmen
Slide 5: About Us
About Us: The company is refreshing its identity to Hindware Home Innovation Limited^ ▪ A Consumer Appliances and Building Products Company Hindware Home Innovation ▪ Owner of Hindware, a reliable and trusted brand across India Limited^ ▪ Leveraging innovation and expansive distribution infrastructu
Slide 6: Our Approach
Our Approach ▪ Harnessing distinct distribution ▪ Several successful launches at networks to market newer products regular intervals to cater to the and cross-selling burgeoning needs of the customers Introduce ▪ Expansive distribution reach across ▪ Strong R&D capabilities help in innovative all se
Slide 7: Financial Performance
Financial Performance
Slide 8: Consolidated Financial Performance
Consolidated Financial Performance (₹ in crore) Revenue EBITDA PAT 16% YoY 11% YoY -35% YoY 714.8 24.9 Q2 FY 23 678.1 EBITDA Margin (%) 616.7 66.7 64.3 16.3 57.9 10.8 9.4% 9.8% 9.0% Q2FY22 Q1FY23 Q2FY23 Q2FY22 Q1FY23 Q2FY23 Q2FY22 Q1FY23 Q2FY23 Revenue EBITDA PAT* H1 FY 23 45% 75% -2% 1,
Slide 9: Building Products Business Update
Building Products Business Update (₹ in crore) ▪ Sanitaryware and Faucets continued to deliver industry - leading growth, led by Revenue o An expanded distribution network - added 75+ 19% YoY new distributors 535.0 575.9 483.8 o New product launches (recently launched marquee products such as Easy
Slide 10: Bathware Business Update – Q2 FY23
Bathware Business Update – Q2 FY23 (₹ in crore) Revenue EBITDA Margin (%) EBIT Margin (%) 16% YoY 31% YoY 6% YoY 364.4 379.0 47.8 48.0 325.7 36.5 31.3 35.0 33.0 11.2% 13.1% 12.7% 9.6% 9.6% 8.7% Q2FY22 Q1FY23 Q2FY23 Q2FY22 Q1FY23 Q2FY23 Q2FY22 Q1FY23 Q2FY23 PBT Margin (%) Net Working Capital (D
Slide 11: Bathware Business Update – H1 FY23
Bathware Business Update – H1 FY23 (₹ in crore) Revenue EBITDA Margin (%) EBIT Margin (%) 48% YoY 92% YoY 68% YoY 68.0 743.4 95.7 503.9 40.5 49.9 9.9% 12.9% 8.0% 9.1% H1FY22 H1FY23 H1FY22 H1FY23 H1FY22 H1FY23 PBT Margin (%) Net Working Capital (Days) Net Bank Debt 45% YoY 261.1 55.5 121 38.3
Slide 12: Plastic Pipes & Fittings Business Update
Plastic Pipes & Fittings Business Update ▪ Truflo continues to be the fastest growing plastic pipes brand in India with revenues worth ₹367 crore during H1 FY23 up 50% Y-o-Y o CPVC contributed over 50% during Q2FY23 complemented by improved volumes o Continued brand awareness and superior product qu
Slide 13: Plastic Pipes & Fittings Business Update – Q2 FY23
Plastic Pipes & Fittings Business Update – Q2 FY23 (₹ in crore) Revenue EBITDA Margin (%) EBIT Margin (%) 24% YoY -42%YoY 8.5 7.7 196.9 12.9 158.2 170.6 9.6 5.5 5.4% 4.5% 6.1% 7.6% 2.8% -0.1 -0.04% Q2FY22 Q1FY23 Q2FY23 Q2FY22 Q1FY23 Q2FY23 Q2FY22 Q1FY23 Q2FY23 PBT Margin (%) Net Working Capital
Slide 14: Plastic Pipes & Fittings Business Update – H1FY23
Plastic Pipes & Fittings Business Update – H1FY23 (₹ in crore) Revenue EBITDA Margin (%) EBIT Margin (%) 50% YoY 12% YoY 14.2 -46% YoY 367.4 18.4 16.4 245.3 7.6 6.7% 5.0% 5.8% 2.1% H1FY22 H1FY23 H1FY22 H1FY23 H1FY22 H1FY23 PBT Margin (%) Net Working Capital (Days) Net Bank Debt 60 355.6 13.1 3
Slide 15: Consumer Appliances Business Update
Consumer Appliances Business Update ▪ Strong product profile and brand salience combined with a sharp focus on innovation helped offset the impact of a highly inflationary environment o In Q2 FY23, revenue grew 12% to ₹125 crore, and EBIT came in at ₹7 crore in Q2 FY23 o In H1 FY23 revenue grew 42%
Slide 16: Consumer Appliances Business Update – Q2 FY23
Consumer Appliances Business Update – Q2 FY23 (₹ in crore) Revenue EBITDA Margin (%) EBIT Margin (%) 12% YoY 9% YoY 3% YoY 9.8 10.7 7.0 7.2 112.0 129.1 125.3 5.5 2.3 8.8% 4.3% 8.6% 6.2% 1.8% 5.8% Q2FY22 Q1FY23 Q2FY23 Q2FY22 Q1FY23 Q2FY23 Q2FY22 Q1FY23 Q2FY23 PBT Margin (%) Working Capital (Day
Slide 17: Consumer Appliances Business Update – H1 FY23
Consumer Appliances Business Update – H1 FY23 (₹ in crore) Revenue EBITDA Margin (%) EBIT Margin (%) 42% YoY 403% YoY 119% YoY 16.2 9.5 254.4 179.5 7.4 1.9 4.1% 6.4% 1.1% 3.7% H1FY22 H1FY23 H1FY22 H1FY23 H1FY22 H1FY23 PBT Margin (%) Net Working Capital (Days) Net Bank Debt* 132 139 1.2 0.5% 13
Slide 18: Retail Business Update
Retail Business Update ▪ In Q2 FY23, revenue stood at ₹14 crore and EBIT came in at ₹ -0.2 crore ▪ In H1 FY23, revenue stood at ₹28 crore and EBIT came in at ₹-0.1 crore ▪ Currently, the brand has 34 franchise stores ▪ Continued focus on franchise model & strengthening of online retail through owned
Slide 19: Business Segments Overview
Business Segments Overview
Slide 20: Building Products Segment
Building Products Segment 19
Slide 21: Building Products Business: Bathware
Building Products Business: Bathware ▪ Leading player in sanitaryware & faucets segments o Brands available across price points ▪ Expanded our reach in the Indian tiles market, with plans to expand the network further ▪ Control over the entire value chain and a strong network of distribution and ser
Slide 22: Industry-First Innovative-Design Led Products
Industry- First Innovative-Design Led Products 21
Slide 23: Plastic Pipes & Fittings
Plastic Pipes & Fittings ▪ TRUFLO by Hindware, is the fastest growing plastic pipes and fittings brand in India o With 1,500+ SKUs already being offered and many more being added, TRUFLO aims to be among the top 5 players in 5 years ▪ In-house manufacturing for better efficiencies & end to end logis
Slide 24: Marquee Clients
Marquee Clients ° = y 7 Ad a i y sean er too srigape |) <8 Ssewaa. | CounTRY MAHAGUN | darrioft & lwecc| x ‘x 7 _ PROVIDENT’ || PURAVANKARA’ 3 . sD DiF&a | “|| GAR| Ay —| Nc j 48 Bo Google } soitrr eansn Infosys w/ Sanit? | caRovAR IndianOil cena — . rs} Pt . bho R femme sa ms 2 MERIDIEN Sunteck) su
Slide 25: Consumer Appliances Business
Consumer Appliances Business 24
Slide 26: Consumer Appliances Business
Consumer Appliances Business ▪ Emphasis on innovation o Widest range of connected and smart appliances in the industry ▪ Forward looking portfolio spanning categories #2 o Kitchen appliances & Sinks Player in the Kitchen Chimney Segment o Water purifiers Air coolers #5 o o Fans Player in the Air Coo
Slide 27: Emphasis on R&D and Innovation
Emphasis on R&D and Innovation ▪ Our in-house R&D is recognised by Department of Scientific and Industrial Research ▪ With a major emphasis on technology and innovation , we have registered 33 Patents (applied for) since inception of our business ▪ With an aim of attaining a leadership position in S
Slide 28: Diverse and Exciting Products & Brands
Diverse and Exciting Products & Brands Kitchen Appliances Air Coolers Water Purifiers Fans Kitchen & Furniture Fittings Water Heaters (50:50 JV with Groupe Atlantic) 27
Slide 29: Retail Business
Retail Business hindware DPD, 28
Slide 30: Retail Business
Retail Business ▪ Specialty home interior products through modern format stores and digital platforms under the brand ‘EVOK’ ▪ Offering a range of 5,000+ products across 17,000+ pin codes ▪ Display and Sales centres in Delhi and Faridabad and a growing chain of franchise stores ▪ Strong e-commerce p
Slide 31: Thank You
Thank You Naveen Malik Hindware Home Innovation Ltd +91 124 477 9200 investors@shilgroup.com Gavin Desa / Jenny Rose Kunnappally CDR India +91 98206 37649 +91 8689972124 gavin@cdr-india.com jenny@cdr-india.com 30
Hindware Home Innovation — Q2 FY23 Earnings Presentation on 6ix