Orient Electric Ltd. · NSE:ORIENTELEC
Orient Electric — Q3 FY23 Earnings Presentation
13 slides from Orient Electric's earnings presentation, Jan 30, 2023
Slide 1: Investors' Release cover letter to stock exchanges
January 30, 2023 Listing Department Department of Corporate Services -Listing National Stock Exchange of India Limited BSE Limited Exchange Plaza, Plot no. C/1, G Block, Phiroze JeeJeebhoy Towers, Bandra-Kurla Complex, Bandra (E), Dalal Street, Mumbai - 400 051 Fort, Mumbai – 400 001 Trading Symbol:
Slide 2: Earnings Presentation Orient Electric Limited Q3FY23
Earnings Presentation Orient Electric Limited Q3FY23
Slide 3: Table of Content
Table of Content 01 Q3FY23 Snapshot 06 Awards and Highlights 02 Q3FY23 Highlights 07 Q3FY23 - Profit & Loss Statement 03 Segment Highlights – ECD 08 9MFY23 Snapshot 04 Segment Highlights - L&S 09 9MFY23 Financial Ratios 05 Strategic Growth Drivers 2
Slide 4: Q3FY23 Snapshot
Q3FY23 Snapshot Strong quarter with highest-ever topline and sequential margins expansion Sales ECD Lighting & Switchgear Rs 739cr Rs 539cr Rs 200cr +8.9% YoY +11.9% YoY +1.6% YoY +44.7% QoQ +73.8% QoQ -0.2% QoQ +14.2% 3Y CAGR +18.4% 3Y CAGR +5.4% 3Y CAGR Gross Profit EBITDA PAT Net Cash Position Rs
Slide 5: Q3FY23 Highlights
Q3FY23 Highlights Growth across the business segments; ECD outperforms in the quarter Q3 FY23 Revenue ▪ Q3 revenue at Rs 739cr, grew by +8.9% YoY (3Y CAGR +14.2%, 5Y CAGR +16.4%) primarily led by ECD segment 3Y CAGR 14.2% 5Y CAGR 16.4% 678 739 ▪ Growth in ECD segment (+11.9% YoY) was driven by fans
Slide 6: Segment Highlights- ECD
Q3FY23 Segment Highlights- ECD ECD recorded the best-ever quarter in terms of revenue Q3 FY23 Revenue ▪ ECD revenue was Rs 539cr in Q3FY23,+11.9% YoY and +73.8% QoQ driven by fans and coolers 3Y CAGR 18.4% 539 5Y CAGR 17.4% 460 481 ▪ Fans grew by 15% in Q3FY23, recording highest ever 11.9% volume gr
Slide 7: Segment Highlights – L&S
Q3FY23 Segment Highlights – L&S B2B remained resilient amidst soft demand environment Q3 FY23 Revenue ▪ Lighting and Switchgear revenue grew by 1.6% YoY. 3Y CAGR 5.4% Demand environment remained soft during the quarter 5Y CAGR 13.8% 197 200 ▪ While B2C was broadly flat, B2B grew in double digit YoY
Slide 8: Strategic Growth Drivers
Strategic Growth Drivers Five pillars of value creation Go-to-market Digital Revenue Fans • Team capability strengthened • Reach: 12K retailers, ~400 MMD/DD network created in 6 • Augmenting presence in marketplace DTM states • Strong revenue growth increasing the scale • DMS and SFA being rolled ou
Slide 9: Awards and Highlights
Awards and Highlights Recent Recognitions Façade Lighting by Orient Electric Bareilly Station Delhi High Court Baroda House, New Delhi Varanasi Railway Station CII SCALE Award Fame India Award for significant improvement for ‘Safety Excellence’ in ecommerce fill rate in Consumer Goods category 8
Slide 10: Q3FY23 - Profit & Loss Statement
Q3FY23 - Profit & Loss Statement Particular (in Rs Crore ) Q3 FY23 Q3 FY22 YoY % Q2 FY23 QoQ% Revenue from Operations 739.0 678.4 8.9% 510.6 44.7% COGS 527.5 491.2 7.4% 376.4 40.2% Gross Profit 211.5 187.2 13.0% 134.2 57.6% Gross Margin % 28.6% 27.6% +102bps 26.3% 233bps Employee Expenses 57.3 48.7
Slide 11: 9MFY23 Snapshot
9MFY23 Snapshot Strengthening Net Cash position Sales ECD Lighting & Switchgear Rs 1,871cr Rs 1,294cr Rs 577cr +10.4% YoY +5.6% YoY +22.8% YoY +7.7% 3Y CAGR +7.7% 3Y CAGR +7.7% 3Y CAGR Gross Profit EBITDA PAT Net Cash Position Rs 519cr Rs 105cr Rs 51cr Rs 196cr +9.8% YoY -30.6% YoY -34.3% YoY +133%
Slide 12: 9MFY23 – Financial Highlights
9MFY23 – Financial Highlights Financial ratios 9MFY20 9MFY21 9MFY22 9MFY23 ROCE (pre-tax) 29.9% 35.2% 39.4% 26.6% Current Ratio 1.32x 1.40x 1.49x 1.45x Net Working Capital Days 60 18 34 20 Debt-Equity ratio 0.49x 0.04x 0.04x 0.03x Position as on December end (Rs cr) 9MFY20 9MFY21 9MFY22 9MFY23 Cash
Slide 13: Orient Electric Limited contact and disclaimer
Orient Electric Limited CIN : L31100OR2016PLC025892 Regd. Office: Unit VIII, Plot No.7, Bhoinagar, Bhubaneswar, Odisha 751012 investor@orientelectric.com www.orientelectric.com Follow us DISCLAIMER: Cautionary statement regarding forward-looking statements This presentation may contain certain forwa