Pidilite Industries Limited · NSE:PIDILITIND
Pidilite Industries — Q1 FY2023 Earnings Presentation
30 slides from Pidilite Industries's earnings presentation, Aug 11, 2022
Slide 1: Cover letter to stock exchanges: Investor Update
11th August, 2022 The Secretary The Secretary BSE Ltd. National Stock Exchange of India Ltd. Corporate Relationship Dept., Exchange Plaza, Plot no. C/1, G Block, 14th floor, P. J. Tower, Bandra-Kurla Complex, Dalal Street, Fort Bandra (E), Mumbai - 400 001 Mumbai - 400 051 Stock Code – 500331 Stock
Slide 2: Investor Update Quarter ended June 2022
Pidilite Industries Limited Investor Update Quarter ended June 2022 Coverage Financial Highlights Consolidated Standalone • Financial Highlights • Segment wise performance Particulars Quarter Ended Quarter Ended • Overseas subsidiaries performance June’22 June’22 • Domestic subsidiaries performance
Slide 3: Financial Highlights
Financial Highlights Q1 FY 2022 - 23: Consolidated Performance as compared to same quarter last year: • Net sales grew by 60.3%. • Material cost as a % to net sales is higher by 736 Bps vs same quarter last year and 181 Bps vs sequential quarter. • EBITDA before non-operating income grew by 52.3% •
Slide 4: Overseas subsidiaries performance
Overseas subsidiaries performance • The Company has 20 overseas subsidiaries (6 direct and 14 step-down) and one joint venture, including those having manufacturing and selling operations in USA, Brazil, Thailand, Dubai, Egypt, Sri Lanka, Bangladesh, and Kenya. • Overseas subsidiaries maintained pos
Slide 5: Statement of Standalone Financial Results
PIDILITE INDUSTRIES LIMITED REGD. OFFICE : 7th Floor, Regent Chambers, Jamnalal Bajaj Marg, 208, Nariman Point, Mumbai - 400 021 Tel No. 91 22 2835 7000 Fax : 91 22 2835 6007 Email address : investor.relations@pidilite.co.in Website : www.pidilite.com CIN : L24100MH1969PLC014336 STATEMENT OF STANDAL
Slide 6: Standalone Segment Information
---- 2 ---- STANDALONE SEGMENT INFORMATION FOR THE QUARTER ENDED 30.06.2022 Rs Crores For the Quarter ended For the Year ended Sr. Particulars No. 30.06.2022 31.03.2022 30.06.2021 31.03.2022 Unaudited Unaudited Unaudited Audited (Refer Note 5) (Refer Note 5) (Refer Note 5) 1 Segment Revenue a) Consu
Slide 7: Notes to the Standalone Financial Results
---- 3 ---- Notes to the Standalone Financial Results: 1. The above results have been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on 10th August 2022. 2. The Statutory auditors have carried out a "Limited Review" of the above financial res
Slide 8: Statement of Consolidated Financial Results
PIDILITE INDUSTRIES LIMITED REGD. OFFICE : 7th Floor, Regent Chambers, Jamnalal Bajaj Marg, 208, Nariman Point, Mumbai - 400 021 Tel No. 91 22 2835 7000 Fax : 91 22 2835 6007 Email address : investor.relations@pidilite.co.in Website : www.pidilite.com CIN : L24100MH1969PLC014336 STATEMENT OF CONSOLI
Slide 9: Consolidated Segment Information
---- 2 ---- CONSOLIDATED SEGMENT INFORMATION FOR THE QUARTER ENDED 30.06.2022 Rs Crores For the Year For the Quarter ended Sr. Particulars ended No. 30.06.2022 31.03.2022 30.06.2021 31.03.2022 Unaudited Unaudited Unaudited Audited 1 Segment Revenue a) Consumer & Bazaar 2435.84 1913.23 1486.24 7794.4
Slide 10: Notes to the Consolidated Financial Results
---- 3 ---- Notes to the Consolidated Financial Results: 1. The above results have been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on 10th August 2022. 2. The above results comprise the results of Pidilite Industries Ltd. (Parent Company)
Slide 11: Q1 FY23 Earnings Presentation
Q1’ FY 23 Earnings Presentation
Slide 12: Our Brands
OUR BRANDS ea FEVICOL Feviergt [ral per PERCEPT INSTANT ADHESNE Fevikwi steelorip —, on grupopuma a 7 LITOoKOGL more TERMINATOR’ @iupy Jowatz
Slide 13: Disclaimer
DISCLAIMER This presentation may contain statements which reflect the management’s current views and estimates and could be construed as forward looking statements. The future involves certain risks and uncertainties that could cause actual results to differ materially from the current views being e
Slide 14: Market Outlook
MARKET OUTLOOK ➢ Currently the domestic demand situation is stable with a positive bias due to continued good demand conditions in housing and home improvement sector and good monsoon ➢ Global operating environment in terms of inflation, currency and supply chain disruptions remain fragile and might
Slide 15: Financial Highlights
FINANCIAL HIGHLIGHTS
Slide 16: Earnings Summary Q1 FY23
EARNINGS SUMMARY Q1’ FY23 NET SALES EBITDA* PBT* PAT CONSOLIDATED Rs. 3,091 Cr Rs. 529 Cr Rs. 473 Cr Rs. 358 Cr YOY GROWTH 60.3% 52.3% 63.3% 64.3% STANDALONE Rs. 2,778 Cr Rs. 487 Cr Rs. 443 Cr Rs. 333 Cr YOY GROWTH 62.5% 50.3% 58.8% 60.7% •EBITDA is before non operating income. PBT is Profit before
Slide 17: Performance Overview
PERFORMANCE OVERVIEW ➢ Q1 FY23 recorded robust revenue growth, a combination of higher volumes and measured price increases. ➢ Consolidated Revenue crossed a new milestone of Rs 3,000 cr in the current quarter. ➢ C&B reported growth across all geographies and categories of adhesives, construction ch
Slide 18: Overseas Subsidiaries Performance Q1 FY23
OVERSEAS SUBSIDIARIES PERFORMANCE Q1’ FY23 (in INR Crores) Asia Sales 83.8 63.4 Americas Sales EBITDA 70.9 15.9 55.3 12.5 EBITDA Middle East and Africa 5.5 4.3 Sales EBITDA 61.4 49.1 1.0 -0.6 • Amounts are like for like actual reported numbers excluding translations and other consolidation impacts •
Slide 19: Domestic Subsidiaries Performance Q1 FY23
DOMESTIC SUBSIDIARIES PERFORMANCE Q1’FY23 INR (Rs in Crore) 160 120 89.3 NET SALES 83.2 80 61.2 43.5 40 0 Consumer & Bazar (C&B) Business to Business (B2B) Q1 FY 22 Q1 FY 23 EBITDA 45 25 16.2 4.3 0.9 5 -15 -7.2 Consumer & Bazar (C&B) Business to Business (B2B) Q1 FY 22 Q1 FY 23 EBITDA is before exce
Slide 20: A Company at Glance
A COMPANY AT GLANCE Brand established Adhesives & sealants, History of creating Among the most trusted brands in 1959 construction strong brands in the country. Other big brands Pioneer in chemicals, art & craft include M-Seal, Fevikwik, Fevistik, Consumer & products & polymer Roff, Dr. Fixit, Fevic
Slide 21: Industry Segment Composition
INDUSTRY SEGMENT COMPOSITION 6.0% 7.2% Pigment & Industrial Resins, Preparations Construction chemicals (Project) etc. 0.7% Others 6.5% Industrial Adhesives 5.9% Art & Craft Materials etc. 53.4% 79.6% Adhesives & Consumer & Bazaar products 20.3% Sealants Construction & Paint Chemicals 19.7% Business
Slide 22: 5-Year Performance by Business Segments
5-Year Performance by Business Segments Numbers represent Percentage of Total Sales Consumer and Bazaar (C&B) Business to Business (B2B) B2B includes Others also 81% 21% 81% 80% 80% 21% 80% 20% 20% 20% 79% 19% 79% 19% 77% 17% 75% 15% 2017-18 2018-19 2019-20 2020-21 2021-22 2017-18 2018-19 2019-20 20
Slide 23: Domestic Presence
DOMESTIC PRESENCE INDIA OPERATIONS 6,000+ SKUs of 850+ products Domestic Revenue of Rs. 7,461 Cr for FY22 30 plants, 34 Co-makers 4,700+ distributors 43 warehouses 8 regional offices & 3 RDCs
Slide 24: Share Holding Pattern - 30th June 2022
SHARE HOLDING PATTERN- 30th June 2022 14.96% Promoters Mutual Funds FPIs 11.13% Others 3.97% 69.94%
Slide 25: Marketing & Advertising
MARKETING & ADVERTISING Consistent and effective brand building activities across various categories a. Consumer Adhesives & Sealants b. Craftsmen Adhesives c. Waterproofing Chemicals d. Hobby & Craft Colours Several of the brands are well-known in respective categories (Fevicol, Fevikwik , M-Seal,
Slide 26: Connecting Digitally
CONNECTING DIGITALLY ret, Fevicol 2 Fevikwik we A fiir Dr. Fixit © Yaha log rukte nahi, ruk jaate hain! Did you notice Thor'ese cracks on the hammer? sFevicolalog MMacboalct #Fevikwik #PhenkoNahiJodo #Thor #ThorHammer lini CRACKS ON tf moire ) TERRACE CAU “LEAKAGE? ~~ FIX THEM YOURSELF @ NO NEED OF
Slide 27: Celebrating Occasions - Digital Way
CELEBRATING OCCASSIONS- DIGITAL WAY
Slide 28: Share Price Movement
105 110 115 120 125 130 100 85 90 95 01-Jul-21 14-Jul-21 27-Jul-21 09-Aug-21 Rebased to 100 22-Aug-21 04-Sep-21 17-Sep-21 30-Sep-21 13-Oct-21 26-Oct-21 08-Nov-21 21-Nov-21 04-Dec-21 SHARE PRICE MOVEMENT Pidilite 17-Dec-21 30-Dec-21 12-Jan-22 Sensex 25-Jan-22 07-Feb-22 20-Feb-22 05-Mar-22 18-Mar-22 3
Slide 29: Consistent Dividend Payouts
CONSISTENT DIVIDEND PAYOUTS 50% 40.6% 39.9% 40.1% 40% 38.1% 36.9% 30% 20% 10% 0% FY18 FY19 FY20 FY21 FY22 FY 22: Final dividend of Rs. 10.0 per share approved by shareholders at the AGM held on 10th August 2022 Note: The Net Profit considered for above calculation is excluding exceptional items
Slide 30: Investor Relations
CIN : L24100MH1969PLC014336 Investor Relations Investor.relations@pidilite.co.in Manisha Shetty [Company Secretary] Ramkrishna Mandir Road, Off Mathuradas Vasanji Road, Andheri (E), Mumbai - 400 059. Phone : +91 22 28357949 Fax : +91 22 28216007
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