Butterfly Gandhimathi Appliances Limited · NSE:BUTTERFLY
Butterfly Gandhimathi Appliances — Q1 FY21 Earnings Presentation
26 slides from Butterfly Gandhimathi Appliances's earnings presentation, Aug 5, 2020
Slide 1: Exchange cover letter for results presentation
BUTTEFFLY GANDHIMATHI APPLIANCES LIMITED Auglst 5,2020 GeneralManager-DCS, lManager, seruies, Dept oicoporate Narionalsrock Exchange of ndia Ltd BSE Lld, Erchange Plaza, Floorl, P.J.Towers, Band.aKlrla Complex, Dalalstreet, Bandra (E), Mumbar 400 001 Mumbai 400 051 Scrp:517421 Sc p:BUTTERFLY Dear Si
Slide 2: Results Presentation Q4 FY20
BUTTERFLY GANDHIMATHI APPLIANCES LIMITED RESULTS PRESENTATION Q4 FY20 www.butterflyindia.com
Slide 3: Safe Harbour
Safe Harbour Certain statements in this presentation concerning our future growth prospects are forward looking statements, which involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertaintie
Slide 4: Contents
Contents 1 Company Overview 2 Financial Overview 3 Q1 FY21 Operating Performance & Highlights 5 Outlook www.butterflyindia.com 3
Slide 5: Company Overview
1 Company Overview www.butterflyindia.com
Slide 6: About Us
About Us.. Leading manufacturer of Kitchen and Electrical Appliances Market Leader in India for SS LPG Stoves & Table Top Wet Grinders and major supplier of Mixer Grinders & Pressure Cookers The ‘Butterfly’ brand is a highly respected brand synonymous with quality Established in 1986 by Shri V. Muru
Slide 7: Quick Facts
Quick Facts IN THE TOP IN INDIA REVENUE CAGR IN INDIA FOR DOMESTIC FOR SS LPG STOVES FY17-20 KITCHEN APPLIANCES & TABLE TOP WET GRINDERS SALES OF BRANDED NOW PRESENT IN ALL PRODUCTS IN FY20 EXCLUSIVE STATES IN INDIA CRORE DISTRIBUTORS ACROSS INDIA NET DEBT / EQUITY REVENUE GROWTH OF FY20 RATIO OVER
Slide 8: Growth Levers
Growth Levers Initiatives Impact o Fresh growth avenues in existing markets Wider Product Offering o Accelerated growth opportunity in new markets o Addressable market increases manifold Geographical Expansion o Wider National footprint o Expansion in blended margins Premium Products o Attracts new
Slide 9: Overview Milestones
Overview Milestones • Launched 4 new • First in India • Bagged the first Product to be awarded • First in India to TNCSC order of Rs. Categories “BEE Label be awarded ISO 285 crore for • Added 60 SKUs to with 2 star 9000 manufacturing of product range rating” for certification for Table Top Wet • En
Slide 10: Revenue Profile
Revenue Profile Annual Net Revenue (Rs. crore) Revenue Excluding Excise Duty / GST 900 764 730 652 679 46% 590 39% 529 541 46% 16% 402 44% 244 100% 100% 100% 60% 84% 52% 55% 100% 56% 100% FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 Branded Sales Govt Order www.butterflyindia.com 9
Slide 11: Branded Retail Sales
Branded Retail Sales Branded Net Sales (Rs. crore) Through Oil Marketing Channel CAGR 12% 652 679 • Tie ups with Gas dealers of IOCL, BPCL and HPCL 541 • Customers for new gas connection are provided with co- 461 445 468 branded products manufactured by BGMAL 398 402 329 244 Through Retail Marketing
Slide 12: Augmenting Organic Growth
Augmenting Organic Growth Increased Product Categories For Wider Product Portfolio And Higher Market Share Product Categories (Nos.) SKUs (Nos.) 687 619 651 500 552 554 20+ 20+ 20+ 20+ 20+ [VALUE]+ [VALUE]+ 320 250 250 6 6 6 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2011 2012 2013 2014 2015
Slide 13: Product Portfolio
Product Portfolio Every product exhibits the highest standards in Safety, Durability, Efficiency, Aesthetics & Reliability LPG Stove Mixer Grinder Table Top Electric Chimney Wet Grinder Pressure Cooker Non Stick Cookware Induction Cooktop Electric Rice Cooker Juicer Mixer Grinder Electric Kettle San
Slide 14: Product Portfolio
Product Portfolio Other Pioneering Products Hand Blender Juicer Vacuum Flasks Electric Iron Pop-up Toaster www.butterflyindia.com 13
Slide 15: Strong R&D Capabilities
Strong R&D Capabilities R&D focused Company with a demonstrated track record in innovation 1st to introduce Stainless Steel Pressure Cookers in India 1st to manufacture Stainless Steel LPG Stoves in India 1st to introduce Stainless Steel Vacuum Flasks in India which deliver enhanced Heat Retention u
Slide 16: Financial Overview
Financial Overview 2 www.butterflyindia.com
Slide 17: Abridged Profit & Loss Statement
Abridged Profit & Loss Statement Rs. In crore Due to Covid-19, P articulars FY 2018 FY 2019 FY 2020 Q4 FY20 Q1 FY20 Q1 FY21 the operations To tal Net Revenues (Incl. OI) 542.1 654.0 680.2 111.2 152.2 77.0 suspended from 23rd March to 7th - Branded Net Revenues 540.5 652.0 678.7 110.6 152.1 76.8 May-
Slide 18: Performance Track Record - Annualized
Performance Track Record - Annualized Total Revenue (Rs crore) EBITDA (Rs crore) 652 679 63 73 62 65 541 44 48 41 461 448 468 27 36 398 402 330 -24 244 Profit Before Tax (Rs crore) Profit After Tax (Rs crore) 48 30 33 44 22 34 19 18 19 12 9 12 3 5 4 4 -57 6 3 -56 NOTE : * FY11 was for period of 9 mo
Slide 19: Key Financials
Key Financials Earning Per Share 20.0 19.0 13.0 7.0 3.0 5.0 1.8 2.0 2.0 FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 -31.0 Net Debt - Equity Ratio Net Worth (Rs crore) 1.6 224 226 229 201 1.1 1.2 175 180 189 193 0.7 0.7 0.8 0.8 0.9 0.5 76 41 0.0 FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20
Slide 20: Q1 FY21 Operating Performance & Highlights
Q1 FY21 Operating 3 Performance & Highlights www.butterflyindia.com
Slide 21: Q1 FY21 – Performance highlights
Q1 FY21 – Performance highlights Total Income (Net) (Rs. crore) EBITDA (Rs. crore) 11.9 152.2 77.0 Q1 FY20 Q1 FY21 (3.8) Q1 FY20 Q1 FY21 • Total Income during Q1 FY21 stood at Rs. 76.95 crore, as PAT (Rs. crore) against Rs.152.23 crore in Q1 FY20 • Due to Covid-19, the operations suspended from 23rd
Slide 22: Key Highlights
Key Highlights Branded Sales (Rs. crore) Y-o-Y Q-o-Q Product Q1 FY21 Q1 FY20 Q4 FY20 Growth Growth Branded Market Kitchen Appliances 64.4 111.4 83.3 -42.2% -22.7% Cooker/Cookware 8.0 26.0 20.7 -69.4% -61.6% Others 4.4 14.7 6.5 -70.1% -32.6% Grand Total 76.8 152.1 110.6 -49.5% -30.6% www.butterflyind
Slide 23: Outlook
5 Outlook www.butterflyindia.com
Slide 24: Outlook
Outlook The global economy is affected due the novel coronavirus pandemic which has forced businesses across the world to suspend operations. There will be revenue loss in FY21 because of very weak Q1 due to lockdown. However we expect there will be better opportunity from Q2 onwards because of incr
Slide 25: Outlook
Outlook 12M FY20 CATEGORY MARKET ENVIRONMENT OUTLOOK CONTRIBUTION • Retail channel started doing well in across 85 - 90% of South. The Company is targeting Retail Channel Sales Branded Sales in to achieve 85% to 90% of 12M FY20 • Alternate channels are also expected to FY21 revenue do well from Q2 o
Slide 26: Thank you
Thank you any queries please contact Mr.V.M.G.Mayuresan, vmgm@butterflyindia.com
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