Hpl Electric & Power Limited · NSE:HPL
Hpl Electric & Power — Q1 FY24 Earnings Presentation
30 slides from Hpl Electric & Power's earnings presentation, Aug 9, 2023
Slide 1: Regulation 30 disclosure cover letter to exchanges
9th August, 2023 The Manager, BSE Limited Listing Department, 25th Floor, New Trading Ring, Rotunda National Stock Exchange of India Ltd. Building, PhirozeJeejeebhoy Towers, “Exchange Plaza”, C-1, Block G, Dalal Street, Fort, Bandra-Kurla Complex, Bandra (E), Mumbai – 400 001 Mumbai – 400 051 Symbol
Slide 2: HPL Electric & Power Limited Q1FY24 Results Update
www.hplindia.c o m HPL ELECTRIC & POWER LIMITED Q1FY24 Results Update June 2023 www.h p lin d ia.co m Slide | 1
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: Discussion
Discussion Summary 01 Company Overview 02 Q1FY24- Performance Update * 03 Business Strategy * www.hplindia.c o m Slide | 3
Slide 5: Company Overview
Slide | 4 www.hplindia.c o m 01 Company Overview
Slide 6: Trusted Electric Equipment Manufacturer
01 Trusted Electric Equipment Manufacturer www.hplindia.c o m Company Overview § ‘One-stop shop’ offering wide range of low-voltage electric products - v Metering Solutions (conventional and smart meters) Profile v Switchgears v Lighting Products § v Wires & Cables Innovative, quality and technologi
Slide 7: Wide-Ranging Product Portfolio
www.hplindia.c o m Company Overview Wide-Ranging Product Portfolio Metering Solutions Industrial Switchgears Domestic Switchgears Lighting Equipment Wires and Cables Domestic Smart Meter Industrial Applications Applications Consumer LED Products ACB MCCB Osafe Techno Fire Resistant MCB (N) MCB Aries
Slide 8: State of Art Manufacturing Facilities
www.hplindia.c o m Company Overview State of Art Manufacturing Facilities Product Segments Capacity (per annum) Electronic Meters 11 million units Lighting Equipment 26 million units Gurugram Jabli Switchgear 16 million units Facility I: Electronic Meters, R&D Center Facility I: Switchgear, Electron
Slide 9: Strong R&D Thrust - Consistent Technology Upgradation
www.hplindia.c o m Company Overview Strong R&D Thrust - Consistent Technology Upgradation Continuous R&D to Launch and Market Exciting New Innovative Products Switchgear APFC Motor Starters (Direct-on-line & Star Delta) • 2 R&D facilities in Gurugram & Kundli with Single Phase Submersible Pump Contr
Slide 10: Established Pan-India Distribution Network & Brand Presence
www.hplindia.c o m Company Overview Established Pan-India Distribution Network & Brand Presence Established Pan-India Distribution Network & Brand Presence To Capture Significant Growth Potential In Electrical Equipment Industry 90+ Branch & Representative Offices Head Office Srinagar Branch Office
Slide 11: Extensive Experience, Established Relationships, Strong Credentials
www.hplindia.c o m Company Overview Extensive Experience, Established Relationships, Strong Credentials Strong execution, established relationships and strong pre-qualification credentials make HPL a preferred supplier of specialised electrical equipment Extensive Experience Established Relationship
Slide 12: Q1FY24 Performance Update
Slide | 11 www.hplindia.c o m Q1FY24 02 Update Performance
Slide 13: Q1FY24 Salient Highlights
www.hplindia.c o m Performance Update Q1FY24 Salient Highlights • The Company registered revenue growth with an increase by 8.51% in Q1 FY24. • EBITDA registered a stable increase of 6.36% where EBITDA is ₹ 40.04 crores in Q1 FY24. • An Improvement in EBITDA Margins. • Order book strong at ₹ 2000+ c
Slide 14: Q1FY24: YoY Performance Analysis
www.hplindia.c o m Performance Update Q1FY24: YoY Performance Analysis Net Revenues & Gross Margin (%) EBITDA & EBITDA Margin % PAT & PAT Margin (%) Q1 FY24 (in ₹ crore) 33.6% 33.1% EBITDA Margin Gross Margin Net Revenue 12.7% 12.5% PAT Margin 2.14% 2.16% 321 EBITDA 296 PAT 40 6.9 38 6.3 Q1 FY23 Q1
Slide 15: Q1FY24: YoY Segment Analysis
www.hplindia.c o m Performance Update Q1FY24 : YoY Segment Analysis (in ₹ crore) Segment Net Revenue & EBIT Margin 321 296 145 149 % EBIT Margin Q1 FY23 Q1 FY24 176 n Metering & Systems 12.86% 14.33% 147 n Consumer & Industrial 12.06% 11.28% Q1 FY23 Q1 FY24 Segment Revenue Share % 45% n Metering & S
Slide 16: Q1FY24: Performance Analysis
www.hplindia.c o m Performance Update Q1FY24: Performance Analysis Strong Performance in Q1 FY24 led by the metering and systems segment. • The Company registered a performance YoY and revenue increased by 8.51% in Q1 FY24 to ₹ 321 crore as compared to ₹ 296 crore in Q1 FY23. • Gross profit improved
Slide 17: Update & Business Outlook
www.hplindia.c o m Q1FY24 Performance Update Update & Business Outlook • Smart Meters are the next game changer in the growth- building process. v Smart meter will be the leading player in the growth building • Continues to receive orders for supply of 5G electric products in the story of the HPL. c
Slide 18: Expanding its Global Footprint
www.hplindia.c o m Q1 FY24 Performance Update Expanding its Global Footprint HPL exports continue to see good growth in orders. HPL’s pending order book gives a good near-term sales visibility in the coming quarters. Turkey Lebanon United Kingdom Jordon Syria Iraq Germany Kuwait Italy Iran • HPL is
Slide 19: Q1FY24 Consolidated Profit & Loss Statement
www.hplindia.c o m Performance Update Q1FY24 Consolidated Profit & Loss Statement Particulars (In ₹ Crore) Q1 FY24 Q1 FY23 YoY% Revenue from Operations 320.74 295.59 8.51% COGS 214.69 196.39 9.32% Gross Profit 106.05 99.20 6.90% Gross Margin (%) 33.06% 33.56% (50 bps) Employee Expenses 38.22 34.04 1
Slide 20: Marketing Campaigns - Amplifying Our Social Media Presence
www.hplindia.c o m Q1FY24 Performance Update Marketing Campaigns – Amplifying Our “Social Media” Presence - “Garnered Reach of Over 20 Million” Amplified our Brand Presence Through Social Media Handles Conducted as well as Sponsored various Industrial Webinars and Virtual Exhibitions Slide | 19
Slide 21: Electrician & Retailer Meets
Q1FY24 Performance Update www.hplindia.c o m Electrician & Retailer Meets 01 02 03 Electrician Meet, Chennai Electrician Meet, Kohlapur Electrician Meet, Ahemdabad 04 05 06 Slide | 20 Nukkad Meet, Nagpur Retailer Meet, Ahmedabad Electrician Meet, Kundli Haryana
Slide 22: Participated in Hannover Exhibition, Germany
Q1FY24 Performance Update www.hplindia.c o m Participated in Hannover Exhibition, Germany (17th to 21st April, 2023) Slide | 21
Slide 23: Spreading the Brand Presence
Q1FY24 Performance Update www.hplindia.c o m Spreading the Brand Presence 01 1. Retailer Meet, Kashmir 02 2. Nukkad Meet, Jaipur 3. Nukkad Meet, Coimbatore 4. Celebrating Dealers Target Achievement, Nagpur 5. Pan-India branding activities 03 05 04 Slide | 22
Slide 24: Spreading the Brand Presence
Q1FY24 Performance Update www.hplindia.c o m Slide | 23 Spreading the Brand Presence
Slide 25: Business Strategy
Slide | 24 www.hplindia.c o m 03 Business Strategy
Slide 26: Future Business Strategy for Value Creation
www.hplindia.c o m Business Strategy Future Business Strategy for Value Creation • Commands a ‘market share of ~20%’ in the domestic meters market with an ‘installed Leading Electric Meter Manufacturer capacity of 1.1 crore meters per year’ Fully Geared To Meet • Well Positioned to Capitalise on the
Slide 27: Smart Meters - Gamechanging Initiative With Enormous Potential
www.hplindia.c o m Business Strategy Smart Meters – “Gamechanging Initative” With Enormous Potential • What are smart meters? What is the opportunity size? Smart Meter Suppliers v Meters with embedded software to enable automation and communication v Ministry of Power plans to install 25 to 30 crore
Slide 28: The Transformative Potential of 5G: HPL's Competitive Edge
www.hplindia.c o m Fuelling Innovation Across Industries: The “Transformative Potential” of 5G HPL’s Competitive Edge Extensive • Leadership in smart metering and power ü Expertise & solutions, HPL Electric & Power Ltd. bringing Product Portfolio a wealth of experience to the 5G market Government Su
Slide 29: Focus on Driving Healthy Growth in the Consumer Business
www.hplindia.c o m Business Strategy Focus on Driving Healthy Growth in The ‘Consumer’ Business • ‘Consumer’ segment includes Non-utility Metering, Switchgear, Lighting, and Wires & Cables. In FY21, this segment comprised ~63% of the total revenue • HPL is looking to drive healthy growth in this bus
Slide 30: Thank You
Thank You www. hp l ind ia. co m Mr. Gautam Seth Joint Managing Director & CFO Email: gautamseth@hplindia.com v Ms. Shankhini Saha Email: hpl@dickensonworld.com