Slide 1: Cover letter to stock exchanges: Investor Update
,..000011" Pidilite 29th January, 2021 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
Slide 2: Investor Update: Quarter and nine months ended December 2020
Pidilite Industries Limited Investor Update Quarter and nine months ended December 2020 Financial Highlights Coverage Consolidated Standalone x Financial Highlights Particulars Quarter Nine Quarter Nine x Business segment wise results Ended Months Ended Months x Overseas subsidiaries performance Dec
Slide 3: Standalone and nine-month performance
Standalone Performance as compared to the same quarter last year: x Net sales grew by 17.9%, with underlying sales volume & mix growth of 18.7%. This was driven by growth of 22.1% in sales volume & mix of C&B and 11.9% in sales volume & mix of B2B. x Material cost as a % to net sales is lower by 121
Slide 4: Business Segment Wise Performance – Standalone
Business Segment Wise Performance – Standalone (On a comparable basis) Rs Crores Sr. PARTICULARS Quarter Ended Nine Months Ended No Dec'20 Dec'19 Growth Dec'20 Dec'19 Growth 1 Segment Sales a) Consumer & Bazaar Products (C&B) 1,591.5 1,319.4 20.6% 3,531.8 3,986.0 -11.4% b) Business to Business (B2B)
Slide 5: Overseas and domestic subsidiaries performance
Quarter Ended Nine Months ended EBITDA Dec-20 Dec-19 Growth Dec-20 Dec-19 Growth Asia 14.1 8.2 72.2% 24.3 20.9 16.4% Middle East and Africa -0.2 -1.2 82.1% -4.6 -4.7 2.9% Americas# 10.3 1.5 570.7% 40.8 8.6 372.9% Total# 24.2 8.5 183.2% 60.5 24.8 143.7% # Including tax gain of Rs.9.5 cr pertaining to
Slide 6: 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 7: Standalone Segment Information
---- 2 ---- STANDALONE SEGMENT INFORMATION FOR THE QUARTER AND NINE MONTHS ENDED 31.12.2020 Rs Crores For the Quarter ended For the Nine Months ended For the Year ended Sr. Particulars No. 31.12.2020 30.09.2020 31.12.2019 31.12.2020 31.12.2019 31.03.2020 Unaudited Unaudited Unaudited Unaudited Unaud
Slide 8: 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 28th January 2021. 2. The Statutory Auditors have carried out a "Limited Review" of the above financials r
Slide 9: 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 10: Consolidated Segment Information
---- 2 ---- CONSOLIDATED SEGMENT INFORMATION FOR THE QUARTER AND NINE MONTHS ENDED 31.12.2020 Rs Crores For the Year For the Quarter ended For the Nine Months ended Sr. Particulars ended No. 31.12.2020 30.09.2020 31.12.2019 31.12.2020 31.12.2019 31.03.2020 Unaudited Unaudited Unaudited Unaudited Una
Slide 11: 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 28th January 2021. 2. The Statutory Auditors have carried out a "Limited Review" of the above financials
Slide 12: Pidilite Industries Ltd. Q3 FY21 Earnings Presentation
Pidilite Industries Ltd. Q3 FY21 Earnings Presentation
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 Pidilite Industries Limited 3
Slide 15: Financial Highlights
° Financial Highlights Pidilite FEVICOL SH
Slide 16: Q3 FY21 Earnings Summary
Q3 FY21 Earnings Summary * EBITDA is before non operating income. PBT is Profit before tax and Exceptional Items excluding PAPL is shown in shaded portion 5
Slide 17: 9M FY21 Earnings Summary
9M FY21 Earnings Summary ** * EBITDA is before non operating income. PBT is Profit before tax and Exceptional Items **Due to tax reversal in PY with reduction in corporate tax rate, on like to like basis PAT declined by 11.9% (Standalone) & 12.6% (Consolidated) excluding PAPL is shown in shaded port
Slide 18: Performance Overview
Performance Overview • • • • • • • Pidilite Industries Limited 7
Slide 19: Q3 FY21 Overseas Subsidiaries Performance
Q3 FY21 Overseas Subsidiaries Performance (in INR Crores) Asia Sales Americas 70.2 63.4 Sales 71.1 48.1 EBITDA 14.1 8.2 EBITDA Sales 10.3 40.4 43.1 1.5 EBITDA -0.2 -1.2 Middle East and Africa • Amounts are like for like actual reported numbers excluding translations and other consolidation impacts •
Slide 20: 9M FY21 Overseas Subsidiaries Performance
9M FY21 Overseas Subsidiaries Performance (in INR Crores) Asia Sales 178.4 Americas 157.2 Sales 189.4 151.6 EBITDA 24.3 EBITDA 20.9 40.8# Sales 116.0 107.8 8.6 EBITDA -4.7 -4.6 Middle East and Africa # Including tax gain pertaining to earlier years in CY in Americas of Rs 9.5 Cr. • Amounts are like
Slide 21: Q3 FY21 Domestic Subsidiaries Performance
Q3 FY21 Domestic Subsidiaries Performance 78.7 80 (in INR Crores) 61.2 58.6 59.1 60 47.3 40 33.9 30.2 22.1 20 15.1 0 Nina Percept Pvt Ltd ICA Pidilite Pvt Ltd Cipy Polyurethane Pvt PAPL* Others Ltd Q3, FY 2019-20 Q3, FY 2020-21 30 25.8 25 20 14.5 15 10 8.0 7.8 6.8 3.8 5 0.7 - (5) -1.7 -1.2 Nina Perc
Slide 22: 9M FY21 Domestic Subsidiaries Performance
9M FY21 Domestic Subsidiaries Performance 200 197.8 180 (in INR Crores) 160 146.7 140 116.7 120 104.5 100 90.5 80 56.6 59.1 60 45.7 46.7 40 20 0 Nina Percept Pvt Ltd ICA Pidilite Pvt Ltd Cipy Polyurethane Pvt PAPL* Others Ltd FY 2019-20 FY 2020-21 30 25.8 20.1 19.9 20 13.2 12.8 10 4.3 - -3.2 -1.7 (1
Slide 23: Pidilite Industries Limited
• • • • • • • Pidilite Industries Limited 12
Slide 24: Company Overview
Pidilite Company Overview , — FEVICOL Fevikwi® Fevicryl’ nangeela’ THE ULTIMATE ADHESIVE { | MOY steelarin| sul Roffh PVC ELECTRICAL INSULATIONTAPE =“ °" S*BS * BIKES TILE FIXING SOLUTIONS
Slide 25: Company Overview
Company Overview • M-Seal, Fevikwik, Fevistik, Roff, Dr. Fixit, Fevicryl, Motomax, Hobby Ideas, Araldite, Araldite Karpenter and Araseal Pidilite Industries Limited 14
Slide 26: Industry Segment Composition
Industry Segment Composition Industrial Resins, Construction Pigment & Preparations chemicals (Project) etc. Others Industrial Adhesives Art & Craft Materials etc. Adhesives & % Sealants Construction & Paint Chemicals Standalone Results - % of Total Sales from FY 2019-20 15
Slide 27: 4-Year Performance by Business Segments
4-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% 24% 22% 21% 22% 80% 20% 20% 80% 80% 20% 18% 79% 79% 16% 78% 14% 78% 12% 77% 10% 2016-17 2017-18 2018-19 2019-20 2016-17 2017-18 2018-1
Slide 28: Domestic Presence – India operations
Domestic Presence – India operations • • • • • • Pidilite Industries Limited 17
Slide 29: Global Presence
Global Presence • • • • • Pidilite Industries Limited 18
Slide 30: Connecting users and dealers via digital platform
Connecting users and dealers via digital platform Pidilite Industries Limited 19
Slide 31: Celebrating Occasions via Digital Media
Celebrating Occasions via Digital Media Pidilite Industries Limited 20
Slide 32: Adopting Alternate Trade Channels
Adopting Alternate Trade Channels • • • • Pidilite Industries Limited 21
Slide 33: Marketing/ Advertising
Marketing/ Advertising • • • • • Pidilite Industries Limited 22
Slide 34: Shareholding Pattern as of December 31, 2020
Shareholding Pattern as of December 31, 2020 14.21% Promoters Mutual Funds 11.39% FPIs 4.21% Others 70.19% Pidilite Industries Limited 23
Slide 35: Share Price Movement
Share Price Movement 130 Pidilite Sensex 120 110 100 90 80 70 60 Dec-2019 Jan-2020 Feb-2020 Mar-2020 Apr-2020 May-2020 Jun-2020 Jul-2020 Aug-2020 Sep-2020 Oct-2020 Nov-2020 Dec-2020 Pidilite Industries Limited 24
Slide 36: Backed by consistent dividend payouts
Backed by consistent dividend payouts 50% 40.6% 40% 38.1% 36.9% 33.1% 33.8% 30% 20% 10% 0% FY16 FY17 FY18 FY19 FY20 Note: The Net Profit considered for above calculation is excluding exceptional items Pidilite Industries Limited 25
Slide 37: Investor Contacts
Investor Contacts Investor Relations - investor.relations@pidilite.co.in Puneet Bansal, Company Secretary Ramkrishna Mandir Road, Off Mathuradas Vasanji Road, Andheri (E), Mumbai - 400 059. Phone : +91 22 28357949 CIN : L24100MH1969PLC014336 Fax : +91 22 28216007