Hpl Electric & Power Limited · NSE:HPL
Hpl Electric & Power — Q3 FY2018 Earnings Presentation
29 slides from Hpl Electric & Power's earnings presentation, Feb 12, 2018
Slide 1: Cover letter to stock exchanges: Earnings Presentation
The Manager, Listing Department, National Stock Exchange of India Ltd. ‘Exchange Plazd’, C-1, Block G, Bandra-Kurla Complex, Bandra (E), Mumbai-400 051 Symbol: HPL HPL Electric & Power Limited CIN : L74899DL1992PL.C048945 Corporate Office : Windsor Business Park, B-1D, Sector-10, Noida - 201301 (U.P
Slide 2: Q3 & 9M FY18 Results Update
THE POWER OF TECHNOLOGY HPL ELECTRIC & POWER LIMITED Q3 & 9M FY18 RESULTS UPDATE FEBRUARY 2018
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: Quarterly Update
QUARTERLY COMPANY BUSINESS STRATEGY SHAREHOLDING UPDATE OVERVIEW & OUTLOOK STRUCTURE 3
Slide 5: Q3 FY18 QoQ Analysis
Q3 & 9M FY18 RESULT HIGHLIGHTS Q3 FY18 QoQ ANALYSIS In Rs Crore NET REVENUES * & GROSS MARGIN EBITDA & EBITDA MARGIN PAT & PAT MARGIN 39.1% 34.5% 11.5% 11.0% 2.8% 3.2% 276.3 30.3 224.2 25.8 8.8 6.2 23.2 % 17.3 % 41.9 % Q2 FY18 Q3 FY18 Q2 FY18 Q3 FY18 Q2 FY18 Q3 FY18 Net Revenues Gross Margin % EBITD
Slide 6: Q3 FY18 QoQ Revenue and EBIT Margin Analysis
Q3 & 9M FY18 RESULT HIGHLIGHTS Q3 FY18 QoQ ANALYSIS In Rs Crore REVENUE ANALYSIS 276.3 % Share Q2 FY18 Q3 FY18 • Metering sales displayed strong QoQ 224.2 22.6 Project Revenue 0.0% 0.0% growth driven by strong execution of 48.7 orders. EBIT margin declined largely due to 21.5 Wires & Cables 9.6% 8.2
Slide 7: Q3 & 9M FY18 YoY Analysis
Q3 & 9M FY18 RESULT HIGHLIGHTS Q3 & 9M FY18 YoY ANALYSIS Q3 FY18 YoY Analysis In Rs Crore NET REVENUES * & GROSS MARGIN EBITDA & EBITDA MARGIN PAT & PAT MARGIN 34.4% 34.5% 3.6% 12.3% 11.0% 3.2% 276.3 223.5 27.5 30.3 8.0 8.8 23.6 % 10.0 % 10.1 % Q3 FY17 Q3 FY18 Q3 FY17 Q3 FY18 Q3 FY17 Q3 FY18 Net Rev
Slide 8: Q3 & 9M FY18 YoY Revenue and EBIT Analysis
Q3 & 9M FY18 RESULT HIGHLIGHTS Q3 & 9M FY18 YoY ANALYSIS Q3 FY18 YoY Analysis 9M FY18 YoY Analysis In Rs Crore REVENUE ANALYSIS REVENUE ANALYSIS 276.3 % Share Q3 FY17 Q3 FY18 721.8 % Share 9M FY17 9M FY18 688.2 223.5 22.6 Project Rev. 0.4% 0.0% 2.1 0.8 Project Rev. 0.3% 0.1% 94.9 81.2 1.0 48.7 127.8
Slide 9: Robust Order Book & Outlook
Q3 & 9M FY18 RESULT HIGHLIGHTS ROBUST ORDER BOOK & OUTLOOK • Consolidated order book continues to remain healthy at Rs 371.9 cr as on 9th February 2018 • Metering orders of Rs 307.5 • Lighting orders of Rs 24.5 cr • Switchgear orders of Rs 26.7 cr • Wires & Cables orders of Rs 13.1 cr • Metering ord
Slide 10: Consolidated Profit & Loss Statement
Q3 & 9M FY18 RESULTS CONSOLIDATED PROFIT & LOSS STATEMENT Particulars (in Rs. Cr.) Q3 FY18 Q2 FY18 QoQ% Q3 FY17 YoY% 9M FY18 9M FY17 YoY% Net Revenue from Operations (Net of Excise Duty) 276.3 224.2 23.2% 223.5 23.6% 721.8 688.2 4.9% COGS 180.9 136.6 32.4% 146.5 23.5% 461.9 445.4 3.7% Gross Profit 9
Slide 11: Marketing Campaigns & Activations: T20 Series Integration
Q3 & 9M FY18 RESULTS MARKETING CAMPAIGNS & ACTIVATIONS T20 Series Integration – India v/s Sri Lanka – December 2017 10
Slide 12: Marketing Campaigns: Digital / Social Media
Q3 & 9M FY18 RESULTS MARKETING CAMPAIGNS & ACTIVATIONS Digital / Social Media Campaigns 11
Slide 13: Marketing Campaigns: Outdoor / Retail
Q3 & 9M FY18 RESULTS MARKETING CAMPAIGNS & ACTIVATIONS Outdoor / Retail Campaigns Cochin Bus Branding in Jaipur 12
Slide 14: Marketing Campaigns: National / International Exhibitions
Q3 & 9M FY18 RESULTS MARKETING CAMPAIGNS & ACTIVATIONS National / International Exhibitions Exhibition in Manila Philippines Acetech Exhibition, Bangalore 13
Slide 15: Company Overview
QUARTERLY COMPANY BUSINESS STRATEGY SHAREHOLDING UPDATE OVERVIEW & OUTLOOK STRUCTURE 14
Slide 16: Brief Profile
COMPANY OVERVIEW BRIEF PROFILE • HPL is an established electric equipment manufacturer in India - market leader in electricity energy meters (20% mkt. share) & on-load change-over switches (50% mkt. share), 5th largest LED manufacturer, 5% mkt. share in LV switchgears BUSINESS • 40+ year old establi
Slide 17: Wide-Ranging Product Portfolio
COMPANY OVERVIEW WIDE-RANGING PRODUCT PORTFOLIO Metering Solutions Switchgears Lighting Equipment Wires and Cables Smart Meter Industrial Applications Consumer LED Products Fire Resistant ACB MCCB Changeover Switch Aries LED LED Glow 9W Cables Net Meter Co-axial Cables Domestic Applications Commerci
Slide 18: Strong R&D Thrust – Continuous Technology Upgradation
COMPANY OVERVIEW STRONG R&D THRUST – CONTINUOUS TECHNOLOGY UPGRADATION FOCUS ON CONTINUOUS R&D TO LAUNCH AND MARKET EXCITING NEW INNOVATIVE PRODUCTS LOADED WITH IMPROVED FEATURES, ENERGY EFFICIENCY, AUTOMATION AND COMMUNICATION Metering Solutions Switchgears Solar Net Meter Solar AC Solar DC Distrib
Slide 19: State of Art Manufacturing Facilities
COMPANY OVERVIEW STATE OF ART MANUFACTURING FACILITIES 8 ROBUST MANUFACTURING FACILITIES ACROSS NORTH INDIA • State of art manufacturing capabilities including design and product development, component designing, tool making and commercial production • Capabilities to manufacture customized products
Slide 20: State of Art Manufacturing Facilities: Gurgaon, Jabli, Guwahati
COMPANY OVERVIEW STATE OF ART MANUFACTURING FACILITIES GURGAON JABLI GUWAHATI Facility I: Facility I: • Products: Switchgears, Circuit • Products: MCBs, distribution boards Breakers, Fans, Wiring and panels, MCB isolators, MCB Accessories, Electronic Energy changeover switches, earth leakage Meters
Slide 21: State of Art Manufacturing Facilities: Kundli, Sonepat, Gharaunda
COMPANY OVERVIEW STATE OF ART MANUFACTURING FACILITIES KUNDLI SONEPAT GHARAUNDA • Products: Switchgears and parts of • Products: Lighting equipment • Products: Wires and Cables electronic energy meters and parts of • Capacity: 26 Million Units • Capacity: 194.4 Mn meters lighting equipment • Capacit
Slide 22: Established Pan-India Distribution Network & Brand Presence
COMPANY OVERVIEW ESTABLISHED PAN-INDIA DISTRIBUTION NETWORK & BRAND PRESENCE Head Office Branch Office ESTABLISHED PAN-INDIA DISTRIBUTION NETWORK & BRAND PRESENCE Works TO CAPTURE SIGNIFICANT GROWTH POTENTIAL IN ELECTRICAL EQUIPMENT INDUSTRY 90+ Branch Offices 21 Warehouses across India 2,700+ Autho
Slide 23: Extensive Experience, Established Relationships, Strong Pre-Qualification Credentials
COMPANY OVERVIEW EXTENSIVE EXPERIENCE, ESTABLISHED RELATIONSHIPS, STRONG PRE-QUALIFICATION CREDENTIALS STRONG EXECUTION, ESTABLISHED RELATIONSHIPS AND STRONG PRE-QUALIFICATION CREDENTIALS MAKE HPL A PREFERRED SUPPLIER OF THE SPECIALISED ELECTRICAL EQUIPMENTS EXTENSIVE EXPERIENCE ESTABLISHED RELATION
Slide 24: Business Strategy & Outlook
QUARTERLY COMPANY BUSINESS STRATEGY SHAREHOLDING UPDATE OVERVIEW & OUTLOOK STRUCTURE 23
Slide 25: Business Strategy & Outlook: Key Focus Areas
BUSINESS STRATEGY & OUTLOOK KEY FOCUS AREAS EXPAND PRODUCT RANGE • Utilise existing capacity to double the revenues over next 4-5 years • Leverage R&D capabilities to develop high margin LED lighting equipments ROBUST REVENUE GROWTH • Focus on value-added products – specialty wires, smart meters, pr
Slide 26: Industry Outlook – Positive Regulatory Policies
BUSINESS STRATEGY & OUTLOOK INDUSTRY OUTLOOK – POSITIVE REGULATORY POLICIES THE ELECTRIC EQUIPMENT INDUSTRY IS EXPECTED TO GROW AT A CAGR OF 8% - 12% OVER 2016 – 2020 HPL CAN EFFECTIVELY LEVERAGE ITS STRONG R&D & MANUFACTURING CAPABILITIES AND LONG STANDING RELATIONSHIPS WITH GOVERNMENT AGENCIES, PO
Slide 27: Shareholding Structure
QUARTERLY COMPANY BUSINESS STRATEGY SHAREHOLDING UPDATE OVERVIEW & OUTLOOK STRUCTURE 26
Slide 28: Shareholding Structure
SHAREHOLDING STRUCTURE SHARE PRICE PERFORMANCE MARKET DATA AS ON 12th FEBRUARY 2018 Market Capitalization (Rs Cr) 960.0 170.0 140.0 Price (Rs) 149.7 110.0 No. of Shares Outstanding (Cr) 6.4 80.0 Face Value (Rs) 10.0 52 Week Low-High (Rs) 103.6 / 159.3 Source – BSE Source – BSE SHAREHOLDING – 31st DE
Slide 29: Contact details
Mr. Gautam Seth Mr. Nilesh Dalvi / Mr. Arun Prakash Joint Managing Director IR Consultant Email: gautamseth@hplindia.com Email: nilesh.dalvi@dickensonir.com / arun.prakash@dickensonir.com Contact no: +91 9819289131 / 7506933892 28
HPL Electric & Power — Q3 FY2018 Earnings Presentation on 6ix