Apollo Pipes Ltd. · NSE:APOLLOPIPE
Apollo Pipes — Q1 FY2022 Earnings Presentation
28 slides from Apollo Pipes's earnings presentation, Jul 26, 2021
Slide 1: Apollo Pipes Ltd. Q1FY22 Earnings Presentation
APOLLO PIPES LTD. Q1FY22 EARNINGS PRESENTATION July 26, 2021 www.apollopipes.com 1
Slide 2: Safe Harbour
Safe Harbour Except for the historical information contained herein, statements in this presentation and the subsequent discussions, which include words or phrases such as "will", "aim", "will likely result", "would", "believe", "may", "expect", "will continue", "anticipate", "estimate", "intend", "
Slide 3: Table of Content
TABLE OF CONTENT 4 Future Outlook 5 5 Year Financial Highlights 6 Q1FY22 Highlights www.apollopipes.com 3
Slide 4: Company Overview
COMPANY OVERVIEW www.apollopipes.com 4
Slide 5: Apollo Pipes at a Glance
APOLLO PIPES AT A GLANCE Among the Top 10 leading PVC pipe 1,18,000 MTPA 4 600+ manufactures in India Capacity* as on Manufacturing Channel Partners 30 June 2021 Plants 1500+ 13% 21% 30% SKU’s 5-year Sales 5-year Revenue 5-year Net Volume CAGR CAGR Profit CAGR www.apollopipes.com 5
Slide 6: Q1FY22 at a Glance
Q1FY22 AT A GLANCE ` 10,402 MT 137.6Cr. 17.4Cr. Sales Volume Revenue EBITDA 49% YoY increase 182% YoY increase 2% YoY decrease 12.7% 8.8 Cr. 14.5 Cr EBITDA Margin PAT Cash Profit 598 bps YoY Increase 338% YoY increase 171% YoY Increase www.apollopipes.com 6
Slide 7: Presence Across Sectors
PRESENCE ACROSS SECTORS Apollo Pipes - Key Focus Area www.apollopipes.com 7
Slide 8: Product Portfolio
PRODUCT PORTFOLIO Diversified Basket of 1,500+ Products uPVC Piping System CPVC Piping System uPVC Pipes & Fittings | uPVC Column Pipes | S W R Drainage Pipes | uPVC Pressure Pipes CPVC Pipes & Fittings Well Casing Pipes | Underground Drainage Pipes HDPE Piping System Bath Fittings SOLVENT CEMENT Wat
Slide 9: Success Milestone
SUCCESS MILESTONE 2019 2020-21 • Concluded promoter • Concluded the strategic infusion of Rs. 142 crore acquisition of Kisan throughissuance of Mouldings’ manufacturing Equity Shares and fully unit in Bengaluru convertible warrants on • Successful listing of Preferential basis Company’s shares on NS
Slide 10: Our Environment, Social, Governance and Safety Policy
Our Environment, Social, Governance and Safety Policy www.apollopipes.com 10
Slide 11: Growth Levers
GROWTH LEVERS www.apollopipes.com 11
Slide 12: Key Business Strength
Key Business Strength Catering to multiple sectors – Expanding footprint in India Agriculture, Water Management, Infrastructure Proven expertise in Strong and highly experienced complex projects Management Team Advanced equipment & Multiple and efficient product technology – cost efficient offerings – 1,
Slide 13: Strengthening distribution network across India
Strengthening distribution network across India to Augment presence and improve market penetration Enjoys a dominant and leading presence in North India Extensive distribution network significantly reduces delivery time to 4 8 hours Tapping newer (from 10-12 days) markets to reduce inventory cost fo
Slide 14: Diversified Product Portfolio with total offerings at 1,500+
Diversified Product Portfolio with total offerings at 1,500+, Aiming to achieve 2,500+ products to the basket • Range of products manufactured at the technologically-advanced manufacturing facility at Dadri and Ahm edabad • Launched ‘Plastic Faucets, Taps and Showers’ in the domestic market – to driv
Slide 15: Capacity Expansion to aid long-term growth plan
Capacity Expansion to aid long-term growth plan – Target Capacity of 125,000 MTPA 1,18,000 MTPA Fittings’ product at Eastern India *Excluding Additions for Raipur unit www.apollopipes.com 15
Slide 16: Macro Growth Drivers
MACRO GROWTH DRIVERS www.apollopipes.com 16
Slide 17: PVC Pipe Industry
PVC Pipe Industry The Indian PVC pipes and fittings market expected to register 15% CAGR during FY18 - FY26 • The domestic plastic pipes industry size at ~ ₹ 315B (Source: Industry) • Organized players account for ~60% market share • Key features of plastic pipes against other pipes - Lightweight - E
Slide 18: At the Forefront of multiple sector trends
At the Forefront of multiple sector trends Urban Infrastructure & Construction Water Management Agriculture Focus • Infrastructure push - plumbing • Rehabilitation of aging pipelines • Improving irrigation schemes for and distribution requirements and installation of new pipes in farmers • Water Man
Slide 19: Future Outlook
FUTURE OUTLOOK www.apollopipes.com 19
Slide 20: Focus Areas for FY21-22
Focus Areas for FY21-22 Strengthen Undertake a Register solid Penetrate and Improve Undertake foothold in phase-wise growth in establish utilization at various brand existing capacity volumes – footprint into the existing building markets of expansion at the targeting neighboring manufacturing exerc
Slide 21: Operational & Financial Highlights
OPERATIONAL & FINANCIAL HIGHLIGHTS www.apollopipes.com 21
Slide 22: Financial Trend
Financial Trend Q1FY22 ( 5 Y r. C A G R - 13%) ( 5 Y r. C A G R - 2 1 %) Volume (Tons) Revenue (Rs. Cr) 518 47,333 408 39,823 44,692 362 28,941 33,707 241 284 10,402 138 FY17 FY18 FY19 FY20 FY21 Q1 FY22 FY17 FY18 FY19 FY20 FY21 Q1 FY22 ( 5 Y r. C A G R - 2 5 % ) ( 5 Y r. C A G R - 3 0 % ) 80 EBITDA
Slide 23: Quarterly Performance
Quarterly Performance Q1FY22 Sales Volume (Tons) EBITDA (Rs. Cr) 12,268 12,987 25.5 27.0 10,633 11,445 10,402 15.5 17.4 6.2 Q1 FY21 Q2 FY21 Q3 FY21 Q4 FY21 Q1 FY22 Q1 FY21 Q2 FY21 Q3 FY21 Q4 FY21 Q1 FY22 EBITDA Margin (%) PAT (Rs. Cr) 19.9 16.3 16.6 15.5 12.6 12.7 9.5 8.8 6.7 2.0 Q1 FY21 Q2 FY21 Q3
Slide 24: Abridged P&L Statement
Abridged P&L Statement Particulars (Rs Cr) Q1FY22 Q4FY21 Q1FY21 Y-o-Y Shift Q-o-Q Shift FY21 FY20 Y-o-Y Shift Net Revenue from Operations 137.6 174.2 92.5 49% -21% 518.1 408.0 27% Total Expenditure 120.2 147.1 86.3 39% -18% 443.8 361.6 23% Raw Material expenses 98.6 125.9 72.7 36% -22% 361.8 288.8 2
Slide 25: Conclusion
CONCLUSION www.apollopipes.com 25
Slide 26: Key Takeaways
Key Takeaways Increased market presence Target to achieve and improving 25%+ sales volume distributor network growth C A G R over to address demand next three years across Leveraging ‘APL Value-added pan-India Apollo’ brand Aiming capacity product categories reach and recall upgradation to the to pr
Slide 27: About Us
About Us Apollo Pipes (BSE: 531761; NSE: APOLLOPIPE), is among the top 10 leading piping solution providing Company in India. Headquartered in Delhi, the Company enjoys strong brand equity in the domestic markets. With more than 3 d ec ad e s of experience in the Indian P i pe Market, Apollo Pipes h
Slide 28: Thank You
THANK YOU www.apollopipes.com 28