V-Guard Industries Limited · NSE:VGUARD
V-Guard Industries — Q4 FY2016 Earnings Presentation
22 slides from V-Guard Industries's earnings presentation, 2016
Slide 1: V-Guard Industries Q4 FY2016 Earnings Presentation
V-Guard Industries Q4 FY2016 Earnings Presentation
Slide 2: Disclaimer
Disclaimer Certain statements in this communication may be ‘forward looking statements’ within the meaning of applicable laws and regulations. These forward-looking statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially from those s
Slide 3: Table of Contents
Table of Contents MD’s Message F i n a n c i al H i g h l i g ht s S e g m e n t - w i se / Ge o g r ap hi c a l B r e a k u p o f R e v e n ue s Outlook A n n e x ur e 3
Slide 4: Managing Director's Message
Managing Director’s Message Commenting on the performance for Q4 FY16, Mr. Mithun Chittilappilly, Managing Director – V-Guard Industries Limited said, “We have delivered a robust performance this quarter, recording sales growth of 16% YoY with strong improvement in margins resulting in profit of Rs.
Slide 5: Key Highlights – Q4 FY2016
Key Highlights – Q4 FY2016 Revenue growth of 16.2% YoY at Rs. 513.3 crore Working capital cycle stable at 70 days • Highest ever sales recorded in a quarter • Inventory days improve by 17 days YoY to 57 days • Strong pick up with onset of early summer • Creditor days at 42 days • Excluding Wires & C
Slide 6: Financial Highlights (Q4 FY2016 vs Q4 FY2015)
Financial Highlights (Q4 FY2016 vs Q4 FY2015) Total Income (Rs. crore) Gross Profit EBITDA (Rs. crore) PAT (Rs. crore) 513 158 442 66 42 114 37 20 Q4 FY15 Q4 FY16 Q4 FY15 Q4 FY16 Q4 FY15 Q4 FY16 Q4 FY15 Q4 FY16 Key ratios (%) Q4 FY16 Q4 FY15 Gross Margin 30.7% 25.8% EBITDA Margin 12.8% 8.3% Net Marg
Slide 7: Financial Highlights (FY2016 vs FY2015)
Financial Highlights (FY2016 vs FY2015) Total Income (Rs. crore) Gross Profit EBITDA (Rs. crore) PAT (Rs. crore) 1,862 550 185 112 1,746 456 137 71 FY15 FY16 FY15 FY16 FY15 FY16 FY15 FY16 Key ratios (%) FY16 FY15 Gross Margin 29.5% 26.1% EBITDA Margin 9.9% 7.9% Net Margin 6.0% 4.1% Ad Expenditure (i
Slide 8: Financial Highlights – Balance Sheet Perspective
Financial Highlights – Balance Sheet Perspective Balance Sheet Snapshot (Rs. crore) 31 March 2016 31 December 2015 31 March 2015 Net worth 476.2 450.8 377.7 Total debt 10.4 23.8 67.7 o Working capital 1.5 0.2 36.7 o Term loan 8.9 23.6 31.0 Acceptances 4.0 7.9 96.9 Key Ratios 31 March 2016 31 Decembe
Slide 9: Segment-wise Breakup of Revenues – Q4 FY16 vs Q4 FY15
Segment-wise Breakup of Revenues – Q4 FY16 vs Q4 FY15 Q4 FY2016 Q4 FY2015 Products Contribution (%) Contribution (%) YoY growth (%) (Rs. cr.) (Rs. cr.) Stabilizers 100.1 19.5% 79.5 18.0% 25.9% UPS (Digital + Standalone) 54.4 10.6% 51.3 11.6% 6.1% Electronics Segment Total 154.6 30.1% 130.9 30% 18.1%
Slide 10: Segment-wise Breakup of Revenues – FY16 vs FY15
Segment-wise Breakup of Revenues – FY16 vs FY15 FY2016 FY2015 Products Contribution (%) Contribution (%) YoY growth (%) (Rs. cr.) (Rs. cr.) Stabilizers 369.1 19.8% 326.8 18.7% 13.0% UPS (Digital + Standalone) 193.6 10.4% 222.1 12.7% -12.8% Electronics Segment Total 562.7 30.2% 548.9 31% 2.5% Pumps 2
Slide 11: Geographical Breakup of Revenues
Geographical Breakup of Revenues South Non-South Contribution (%) 347 442 513 294 167 148 34% 32% South 66% 68% Non-South Q4 FY15 Q4 FY16 Q4 FY15 Q4 FY16 Q4 FY15 Q4 FY16 South Non-South Contribution (%) 1,162 1,246 584 616 1,746 1,862 7.2% 33% 33% South 67% 67% Non-South FY15 FY16 FY15 FY16 FY15 FY1
Slide 12: Outlook
Outlook Distribution Advertising Working Capital Industry Drivers Network Expenditure Efficiencies • Strong demand from • To increase more • Continued investments • Target to reduce cash housing construction retailers below existing in advertising and conversion cycle by 5 activity and increased dis
Slide 13: Annexure
Annexure
Slide 14: Company Overview
Company Overview • Electronics - Stabilizers, UPS and Digital UPS C o m p r e he n s iv e p o r t f o li o • Electricals - Pumps, House Wiring and Industrial Cables, Electric Water Heaters, Fans catering to the mass • Other products include Solar Water Heaters, Induction cooktops, Switchgears and Mi
Slide 15: Production Model
Production Model PVC Cable Factory LT Cable Factory Solar Water Heater Factory Stabilizer Manufacturing Units No. of Product Units Location Outsourcing Objectives Own Manufacturing Facilities • Asset light model outsourcing ~60% products PVC Wiring Cables 2 Coimbatore, Kashipur • Complete control ov
Slide 16: Financial Highlights (FY11-16)
Financial Highlights (FY11-16) Revenue EBITDA and EBITDA Margins PAT and PAT Margins CAGR – 22% CAGR – 20% CAGR – 23% 1,862 200 15.0% 1,746 120 5.6% 6.0% 7.0% 1,518 10.7% 5.3% 1,360 150 9.9% 12.0% 100 4.7% 4.6% 6.0% 8.3% 7.9% 9.9%80 4.1% 5.0% Rs. crore Rs. crore Rs. crore 965 9.0% 100 4.0% 699 8.4%
Slide 17: Operational Highlights (FY11-16)
Operational Highlights (FY11-16) Ad Spends and as a % of Sales Expanding Geographic Presence CAGR – 24% 100 15.0% 22% 21% 25% 30% 80 12.0% 33% 33% 60 9.0% 40 4.0% 4.2% 4.3% 3.9% 4.0% 6.0% 78% 79% 75% 70% 67% 67% 4.3% 20 3.0% 27 41 58 60 69 80 0 0.0% FY2011 FY2012 FY2013 FY2014 FY2015 FY2016 FY2011 F
Slide 18: Market Size across Product Segments
Market Size across Product Segments Market Size (Rs. Crore)* Production Product Key Players Distribution Channel Strategy Model Organized Unorganized Total Bluebird, Capri, Consumer Durable stores, 400.00 800.00 1,200.00 Logicstat, 100% Outsourced Electrical and Hardware Premier, Stores Everest STAB
Slide 19: Market Size across Product Segments
Market Size across Product Segments Market Size (Rs. Crore)* Production Product Key Players Distribution Channel Strategy Model Organized Unorganized Total Crompton Electrical and hardware Greaves, 900.00 1,100.00 2,000.00 90% Outsourced Stores, Pump and Pipe Kirloskar, CRI, fittings Stores Texmo MO
Slide 20: Market Size across Product Segments
Market Size across Product Segments Market Size (Rs. Crore)* Production Product Key Players Distribution Channel Strategy Model Organized Unorganized Total Numeric, 160.00 240.00 400.00 APC, Outsourced Consumer Durable stores Emerson UPS Consumer Durable stores, Microtek, Electrical and Hardware 6,5
Slide 21: About V-Guard Industries
About V-Guard Industries V-Guard Industries Limited (BSE:532953, NSE: VGUARD) is a Kochi based company, incepted in 1977 by Kochouseph Chittilapilly to manufacture and market Voltage stabilizers. The Company has since then established a strong brand name and aggressively diversified to become a mult
Slide 22: Thank You
THANK YOU