Cupid Limited · NSE:CUPID
Cupid — Q4 FY2016 Earnings Presentation
25 slides from Cupid's earnings presentation, May 2016
Slide 1: Cupid Limited Q4FY16 Investor Presentation
Cupid Limited Q4FY16| Investor Presentation www.cupidltd.in | BSE: 530843 | ISIN: INE509F01011 | SECTOR: PERSONAL GOODS | CIN L25193MH1993PLC070846
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: Investor Presentation - Cupid Limited
Investor Presentation - Cupid Limited 3
Slide 4: Who are we today?
Who are we today? India’s Leading 1st Indian 18+ years of manufacturer of company to get Debt Free Industry male and female WHO/UNFP balance Sheet experience condoms prequalification* Capacity of ~350 Employs 100+ mn people with Presence in 26+ male(325mn) & average Low Equity Base countries female(
Slide 5: The Cupid Journey
The Cupid Journey Name 2015 2012 changed to Cupid Limited Starts production of new product water 2010 Prequalification based lubricant jelly for female condoms by Cupid’s UNFPA / WHO. Received order 2006 female worth $16.3 mn(INR condom” Developed a 1032.2 mn Expanded (“CFC-1”) unique shaped equival
Slide 6: Board of Directors
Board of Directors Om Parkash Garg, Chairman and Managing Director A post graduate in science with close to 50 years of experience in healthcare products and business related to metals Jandhyala Lakshminarya Sarma, Independent Director A Ph.D. in Finance and law graduate with 30+ years of experience
Slide 7: Key Management Team
Key Management Team Durgesh Dayanand Garg, Chief Operating Officer He has over 2 decades experience in the condom and allied industry and he has been working with Cupid limited since 1996. Mr. Garg is responsible for operational activities Mr. Viswanathan V. Naidu, Chief Technical Officer Working wi
Slide 8: Products and Business
Products and Business Capacity: 325 million/annum • Capacity: 25 million/annum Variants: • Made up of Latex • Plain Condoms • 100% Indian made and costs • Dotted Condoms considerably lesser than the imported & packed foreign • Ribbed Condoms Male Female product. • Multi-textured Condoms Condoms Cond
Slide 9: Business Split
Business Split Region Wise Sales Product Wise Sales Labelled business vs Contract Srilanka, 2% Others, 3% Russia, 3% South India, 23% Male Own Africa(SA), Female Condoms, Brand, 37% Condoms, 51% Non Branded, 45% 49% 55% Africa(Ex- SA), 32% South Africa continues to be Split equally between male Our
Slide 10: Industry Statistics
Industry Statistics The global Contraceptives Market is expected to reach ~$20bn by 2020 Segments Focus Area for Cupid Drugs Devices Male and female condoms Oral Pills and Topical Contraceptives Sub-dermal Contraceptive Implants Intrauterine Devices Contraceptive Vaginal Rings Contraceptive Diaphrag
Slide 11: Drivers to Industry Growth
Drivers to Industry Growth • An estimated 225mn women who want to avoid a pregnancy are not using Need for Contraception an effective contraceptive method • The importance of contraceptives is often overlooked as a priority on the development agenda. Health Consequences • Each year, 19mn to 20mn wom
Slide 12: Investor Presentation - Cupid Limited
Investor Presentation - Cupid Limited 12
Slide 13: Infrastructure and Quality
Infrastructure and Quality • World Class manufacturing facility with conformity with global standards and best quality practices • Housed with Richter-Hi Tech German dipping technology and online electronic testing. So every unit produced is electronically tested before dispatch • Established operat
Slide 14: Technology
Technology • In-house research and development centre to service own demand and external customers • Ability to design, prototype and manufacture new and unique condoms • Approved by Government of India(DSIR) • Equipment type include dipping, testing and sealing of latex based Products • Vision to s
Slide 15: Investor Presentation - Cupid Limited
Investor Presentation - Cupid Limited 15
Slide 16: Quarterly Highlights (Q4FY16)
Quarterly Highlights(Q4FY16) Figures in INR mn Income EBITDA Profit After Tax 182.5 88.5 46.2 160.5 41.9 130.6 65.2 40.0 12.7 Q3FY16 Q4FY16 Q4FY15 Q3FY16 Q4FY16 Q4FY15 Q3FY16 Q4FY16 Q4FY15 Total Operating income was Rs.182.47 mn for Q4FY16 as compared to Rs.130.55 mn in the corresponding period of
Slide 17: Business Highlights of FY16
Business Highlights of FY16 Out of INR 611mn of sales revenue, the male condoms contributed close to 51% while the remaining sales came from our female condoms category. The Female Condom business of our company had a robust 25% share in the Ex-South African territory as compared to 8% in the prev
Slide 18: 4 years at a glance
4 years at a glance Figures in INR mn Financial Performance Key Balance Sheet Items 700 400 Cash and Bank Balance 92.0 611 350 600 300 32.0 500 444 250 4.0 2.0 400 FY13 FY14 FY15 FY16 200 300 284 150 Reserves 195 200 250.1 100 100 50 131.0 74.0 75.0 0 0 FY13 FY14 FY15 FY16 Sales 284 195 444 611 FY13
Slide 19: Income Statement
Income Statement Figures in INR mn Particulars FY12 FY13 FY14 FY15 FY16 Total Income 262.3 286.2 196.2 451.4 628.0 Income from Operations 259.8 284.0 195.3 444.4 611.5 Consumption of Raw Material 167.5 167.2 114.1 184.9 220.4 Change in Inventory and Finished Goods (2.7) 6.2 (10.1) 9.0 (0.2) Employee
Slide 20: Statement of Assets and Liabilities
Statement of Assets and Liabilities Equity and Liabilities Figures in INR mn Particulars FY12 FY13 FY14 FY15 FY16 Share Capital 97.1 111.2 111.2 111.2 111.2 Net Worth 162.9 185.6 186.1 242.0 361.3 Share Application money pending allotment 3.5 - - - Non Current Liabilities 12.6 13.2 13.8 21.5 19.5 Lo
Slide 21: Investor Presentation - Cupid Limited
Investor Presentation - Cupid Limited 21
Slide 22: Strategy
Strategy • Initiate online selling on websites like • Enter new geographies such as South Geography Digital Amazon & Flipkart America, Europe and • Participate in social CIS countries media through presence on Facebook, Twitter etc Future Strategy • Add new value added products to the basket • Backe
Slide 23: Investment Rationale
Investment Rationale Strong Balance Sheet Competitive Debt free and low equity Advantage base, potential to grow by Low cost of production multiple folds considering global peers Business Model Experience State of the art infrastructure Experienced management with world class products and production
Slide 24: Investor Presentation - Cupid Limited
Investor Presentation - Cupid Limited 24
Slide 25: Corporate Information
Corporate Information Stock Profile Shareholding Pattern(31st March 2016) Listing BSE(1994) Others, Promoters, Issued Shares (mn) 11.1 51.4% 48.5% Share Price(INR)^ ~288(FV of INR 10/-) Market Cap^(INR mn) ~3,201 Institutions 52-week Range(INR) 507-67 , 0.1% Corporate Information Contact Details Sau