Hpl Electric & Power Limited · NSE:HPL
Hpl Electric & Power — H1 FY2018 Earnings Presentation
29 slides from Hpl Electric & Power's earnings presentation, Nov 15, 2017
Slide 1: Regulation 30 disclosure cover letter to exchanges
HPL Electric & Power Ltd Corporate Office : Windsor Business Park, B-1D, Sector-10. Noida, U.P. - 201301, INDIA. Tel.: +91-120-4656300 E-mail : hpl@bplindia.com CIN No. : U74899DL1992PLC048945 15 November, 2017 The Manager, BSE Limited Listing Department, 25th Floor, New Trading Ring, Rotunda Nation
Slide 2: Q2 & H1 FY18 Results Update
THE POWER OF TECHNOLOGY HPL ELECTRIC & POWER LIMITED Q2 & H1 FY18 RESULTS UPDATE NOVEMBER 2017
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: Result Highlights: Q2 FY18 QoQ Analysis
Q2 & H1 FY18 RESULT HIGHLIGHTS Q2 FY18 QoQ ANALYSIS In Rs Crore NET REVENUES * & GROSS MARGIN EBITDA & EBITDA MARGIN PAT & PAT MARGIN 34.7% 39.1% 10.6% 11.5% 2.4% 2.8% 221.3 224.2 25.8 6.2 23.5 5.3 1.3 % 9.7 % 17.9 % Q1 FY18 Q2 FY18 Q1 FY18 Q2 FY18 Q1 FY18 Q2 FY18 Net Revenues Gross Margin % EBITDA
Slide 6: Result Highlights: Q2 FY18 QoQ Revenue Analysis
Q2 & H1 FY18 RESULT HIGHLIGHTS Q2 FY18 QoQ ANALYSIS In Rs Crore REVENUE ANALYSIS • Metering sales declined QoQ as certain 221.3 224.2 % Share Q1 FY18 Q2 FY18 orders were awaiting inspection. EBIT Margin 0.7 0.0 improved QoQ due to favourable product 21.5 Project Revenue 0.3% 0.0% mix. 37.1 27.0 52.1
Slide 7: Result Highlights: Q2 & H1 FY18 YoY Analysis
Q2 & H1 FY18 RESULT HIGHLIGHTS Q2 & H1 FY18 YoY ANALYSIS Q2 FY18 YoY Analysis In Rs Crore NET REVENUES * & GROSS MARGIN EBITDA & EBITDA MARGIN PAT & PAT MARGIN 35.2% 39.1% 14.4% 11.5% 2.4% 2.8% 221.5 224.2 31.9 6.2 25.8 5.3 1.2 % 19.0 % 17.1 % Q2 FY17 Q2 FY18 Q2 FY17 Q2 FY18 Q2 FY17 Q2 FY18 Net Reve
Slide 8: Result Highlights: Q2 & H1 FY18 YoY Revenue Analysis
Q2 & H1 FY18 RESULT HIGHLIGHTS Q2 & H1 FY18 YoY ANALYSIS Q2 FY18 YoY Analysis H1 FY18 YoY Analysis In Rs Crore REVENUE ANALYSIS REVENUE ANALYSIS % Share Q2 FY17 Q2 FY18 % Share H1 FY17 H1 FY18 221.5 224.2 464.7 445.4 1.1 Project Rev. 0.5% 0.0% 1.1 0.8 Project Rev. 0.2% 0.2% 30.3 21.5 64.1 58.6 52.1
Slide 9: Robust Order Book
Q2 & H1 FY18 RESULT HIGHLIGHTS ROBUST ORDER BOOK • Order book of Rs 449.9 cr as on 13th November 2017 • Metering orders of Rs 382.5 • Lighting orders of Rs 43.9 cr • Switchgear orders of Rs 23.2 cr • Wires & Cables orders of Rs 0.3 cr • Metering segment continues to witness strong revival with impro
Slide 10: Consolidated Profit & Loss Statement
Q2 & H1 FY18 RESULTS CONSOLIDATED PROFIT & LOSS STATEMENT Particulars (in Rs. Cr.) Q2 FY18 Q1 FY18 QoQ% Q2 FY17 YoY% H1 FY18 H1 FY17 YoY% Net Revenue from Operations (Net of Excise Duty) 224.2 221.3 1.3% 221.5 1.2% 445.4 464.7 -4.1% COGS 136.6 144.4 -5.4% 143.4 -4.7% 281.0 298.9 -6.0% Gross Profit 8
Slide 11: Consolidated Balance Sheet
Q2 & H1 FY18 RESULTS CONSOLIDATED BALANCE SHEET Particulars (In Rs Cr) H1 FY18 Particulars (In Rs Cr) H1 FY18 Equities & Liabilities Assets Shareholder's Funds 693.6 Non-Current Assets 465.4 Equity share capital 64.3 Tangible Assets 380.8 Other Equity 629.3 Intangible Assets 31.5 Minority Interest 1
Slide 12: Marketing Campaigns & Activations
Q2 & H1 FY18 RESULTS MARKETING CAMPAIGNS & ACTIVATIONS Digital / Social Media Campaigns OOH / Metro Rail Campaigns Mandi House Metro station Tilak Nagar Metro station Kashmere Gate Metro station 11
Slide 13: Marketing Campaigns & Activations
Q2 & H1 FY18 RESULTS MARKETING CAMPAIGNS & ACTIVATIONS Outdoor / Retail Campaigns Whole sale market Lohar chawl and intercity, Mumbai Guwahati Patna railway Ezra street station Kolkata 12
Slide 14: Marketing Campaigns & Activations
Q2 & H1 FY18 RESULTS MARKETING CAMPAIGNS & ACTIVATIONS National / International Exhibitions MEE Exhibition Dubai 2017 Acetech Exhibition, Bangalore REI Solar Expo Greater Noida 13
Slide 15: Company Overview
QUARTERLY COMPANY BUSINESS STRATEGY SHAREHOLDING UPDATE OVERVIEW & OUTLOOK STRUCTURE 14
Slide 16: Company Overview: 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 9 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
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
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 14th NOVEMBER 2017 Market Capitalization (Rs Cr) 861.6 170 Price (Rs) 132.5 140 No. of Shares Outstanding (Cr) 6.4 110 Face Value (Rs) 10.0 80 Apr-17 May-17 Jun-17 Jul-17 Aug-17 Sep-17 Oct-17 Nov-17 52 Week Low-High (Rs) 74.2 / 198.0 S
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
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