Everest Industries Limited · NSE:EVERESTIND
Everest Industries — Investor Presentation (September 2014)
33 slides from Everest Industries's investor presentation, September 2014
Slide 1: Investor Presentation
Investor Presentation September 2014
Slide 2: Safe Harbor
Safe Harbor ➧ This presentation and the accompanying slides (the “Presentation”), which have been prepared by Everest Industries Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any
Slide 3: India growing...
India growing... GDP Growth Construction Sector Growth 9.3% 9.3% 8.6% 6.7% 10.8% 10.2% 6.2% 5.0% 6.7% 5.3% 5.6% 4.3% FY08 FY09 FY10 FY11 FY12 FY13 FY08 FY09 FY10 FY11 FY12 FY13 Per Capita Income (Rs. ‘000) Gross Capital Formation (% of GDP) 38% 38% 38% 69 62 36% 36% 54 46 41 34% 36 FY08 FY09 FY10 FY
Slide 4: Changing trends
Changing trends … Conventional Products Superior quality products Conventional Technology Newer cost efficient technology New Age, Cost Efficient Building Products from Everest 4
Slide 5: Everest Industries...
Everest Industries... 5
Slide 6: An Overview
An Overview ➧ India’s leading player in providing complete building solution ➧ Wide product portfolio Building Products: Roofing Sheets, Fibre Cement Boards and Solid Wall Panels Pre-engineered Steel Buildings (PEB) ➧ Well spread manufacturing facilities across India Building Products: 8,10,00
Slide 7: Offers Complete Building Solutions
Offers Complete Building Solutions Everest Industries Building Products Steel Buildings Roofing Products Pre-Engineered Buildings • Fibre Cement Roofing • Polycarbonate Roofing • Roofing Accessories Smart Steel Buildings Boards & Panels Metal Roofing • Ceilings, Flooring • Walling, Claddings • Panel
Slide 8: Provides Strength, Speed & Safety
Provides Strength, Speed & Safety 8
Slide 9: Board of Directors
Board of Directors • MBA from University of Pittsburg, USA, PGDBM from SP Jain Institute of Management & A. V. Somani Research. He has varied experience in area of real estate, construction, textile manufacturing Promoter & Chairman and information management. M. L. Gupta • B. Tech from IIT Kharagpu
Slide 10: Key Management Team
Key Management Team A.V. Somani – Promoter & Chairman Manish Sanghi – Managing Director ➧ Belongs to reputed Industrial family ➧ PGDM from IIM Ahmedabad ➧ PG in management from USA ➧ Experience of over 25 years with leading ➧ Experience in managing diverse businesses enterprises like Castrol, BHEL,
Slide 11: Key Milestones
Key Milestones Year Event 1934 Everest Industries was Setup 2000 Introduced Fibre Cement Boards 2005 Launched Solid Wall Panels 2008 Launched Pre-Engineered Steel Buildings 2009 Introduced Smart Steel Buildings 2011 Launched Metal Roofing 2011 Completed 500 Pre-Engineered Steel Buildings across Indi
Slide 12: Growth Drivers
Growth Drivers Building Products Steel Buildings ➧ Roofing Products ➧ Pre-engineered Buildings Rural housing & cattle/ poultry sheds Factories, warehouse, logistic parks, Factories, warehouses, logistic parks shopping malls Rural prosperity, Govt. thrust on rural Fast Speed of construction
Slide 13: Building Product Segment
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Slide 14: Building Products ...
Building Products ... Consistent increase in building new houses … No. of Houses + 5.6 crores RCC 30.5 24.9 Pucca Kuccha 2001 2011 … People migrating from Kuccha houses to Pucca & RCC Structures Census : 2001 Census : 2011 RCC, Kuccha, 30% 52% Pucca*, Pucca*, 26% 32% RCC, Kuccha, • Pucca includes GI
Slide 15: Building Product Industry
Building Product Industry ➧ Market size of around Rs.25,000 Crores Roofing Industry Size (Million MT) 4.20 Market includes Wood based products, Plaster Boards, 4.07 Metal Roofs, Tiles & Fibre Cement Product 3.69 3.75 ➧ Fibre cement building products around 20% 3.52 3.29 Demand growing at robust
Slide 16: Building Products: Distribution Network
Building Products : Distribution Network ➧ 6 operational manufacturing plants across India ➧ 2 tier distribution network ~1,000 stockist ~6,000 retail outlets ➧ 38 sales depot pan India Optimizes Logistics Costs ➧ Premium brand in all markets ➧ Exports to Emerging & New Growing markets Middl
Slide 17: Building Products: Production Capacity
Building Products : Production Capacity ➧ Manufacturing capacity of 810,000 MTPA at 6 locations across India ➧ Roofing Sheets Bhagwanpur, Roorkee, Uttarakhand – North Lakhmapur, Nasik, Maharashtra – West Kymore, Katni, Madhya Pradesh – Central Podanur, Coimbatore, Tamil Nadu – South Kolkat
Slide 18: Steel Buildings Segment
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Slide 19: Steel Building Industry
Steel Building Industry ➧ Market size of around Rs.18,000 Crores PEB contributes ~25% Growing at a CAGR of over 35% Top 5 players cater to over 40% PEB market ➧ Industrial users Manufacturing industries like automobile, power, engineering goods Services like logistics, warehousing Infras
Slide 20: Steel Buildings: Overview
Steel Buildings : Overview ➧ Manufacturing facility at Roorkee, Uttarakhand Production capacity of 30,000 MTPA One of the best facilities in the Industry ➧ Products developed with International Engineering Software (Everest - MBS) Highly qualified and experienced team ➧ Strong clientele Repe
Slide 21: Capex in PEB Segment
Capex in PEB Segment ➧ Trial Production commenced at 30,000 MT facility at Dahej, Gujarat Healthy (>one year) order book necessitated the need for a new plant Total Cost of Project – Rs. 50 Crores Plant building completed, equipment installation under progress Trial production commenced in Q
Slide 22: Steel Building: Business Model
Steel Building : Business Model 22
Slide 23: Steel Buildings: Competitive advantages
Steel Buildings : Competitive advantages ➧ Speed : Quicker turnaround 33% of time vis-à-vis conventional construction On site erection using assembly tools without any manufacturing process at location Minimizes project completion risks ➧ Strength : Meets IS and international norms Uniform
Slide 24: Marquee Project
Marquee Project First of its kind Textile Mill project of 100,000 spindles for Garg Acrylics Bhatinda, Punjab – Area of 3,75,000 sq.ft of ~Rs. 8.5 Crores 24
Slide 25: Growth Strategy
Growth Strategy | TEREST | READYMADE WALLS A revolutionary new concept ‘Ax FASTER 25
Slide 26: Growth Strategy
Growth Strategy Building Product Segment ➧ Our growth will be higher than industry growth Introducing new products transforming Everest into a Building Solutions company Increasing exports People migrating from Traditional products to New age building products • Availability • Skilled labour •
Slide 27: Financials
Financials Britannia Industries Limited - Biscuit manufacturing factory at Hazipur, Bihar Everest buildings covers an area of over 230,000 sq ft. from RM to FG Similar plants carried out at Khurda, Odisha and Jagadia, Gujarat 27
Slide 28: Profitability Statement - Quarterly
Profitability Statement - Quarterly Rs. in Crores Q1 FY15 Q1 FY14 YoY% Q4 FY14 QoQ% Revenues 388.3 298.7 30% 306.5 27% Raw Material 230.8 168.4 193.0 Manpower Cost 27.9 26.5 18.6 Other Operating Expenses 91.6 76.3 81.3 EBITDA 38.0 27.6 38% 13.5 181% EBITDA Margin 9.8% 9.2% 4.4% Other Income 0.4 0.9
Slide 29: Building Products Segment
Building Products Segment Sales (‘000 MT) Revenue (Rs. Crores) 768.5 758.3 652.4 Q4 Q4 619.0 Q3 174.3 Q3 147.5 212.2 170.6 Q2 Q2 161.2 187.7 Q1 172.7 Q1 138.9 133.0 160.0 116.6 142.0 230.3 291.5 210.7 192.9 246.6 231.9 FY13 FY14 FY15 FY13 FY14 FY15 29
Slide 30: Steel Buildings Segment
Steel Buildings Segment Sales (‘000 MT) Revenue (Rs. Crores) 34.4 Q4 276.4 Q4 245.6 Q3 Q3 26.1 11.2 94.3 Q2 67.0 Q2 5.7 Q1 Q1 8.1 57.8 7.9 70.5 8.2 57.5 7.3 62.1 10.9 96.7 6.9 66.7 5.1 46.0 FY13 FY14 FY15 FY13 FY14 FY15 30
Slide 31: Profitability Statement
Profitability Statement Rs. in Crores FY2014 FY2013 FY2012 FY2011 FY2010 Revenues 1,035.3 1,014 887 723 652 Raw Material 603.4 562 490 386 358 Manpower Cost 97.0 92 80 69 63 Other Operating Expenses 295.1 262 237 202 167 EBITDA 39.9 98 81 66 64 EBITDA Margin 3.8% 9.6% 9.02% 9.13% 9.82% Other Income
Slide 32: Balance Sheet
Balance Sheet Rs. in Crores March-14 March-13 March-12 March-11 March-10 Shareholder’s Fund 295 290 250 208 174 Share capital 15 15 15 15 15 Reserves & Surplus 279 275 234 193 159 Non-current liabilities 86 91 47 50 67 Long term borrowings 51 59 16 23 32 Other non-current liabilities 34 32 31 27 35
Slide 33: For further information, please contact:
For further information, please contact: Company : Investor Relations Advisors : Everest Industries Ltd. Strategic Growth Advisors Pvt. Ltd. Mr. Rakesh Gupta Mr. Jigar Kavaiya / Mr. Gaurang Vasani rakeshgupta@everestind.com kjigar@sgapl.net / vgaurang@sgapl.net www.everestind.com www.sgapl.net 33
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