Slide 1: Cover letter to stock exchanges
February 04, 2023 To, To, The Manager (Listing) The Manager (Listing) BSE Limited, National Stock Exchange of India Limited, Phiroze Jeejeebhoy Towers, Exchange Plaza, Dalal Street, Bandra Kurla Complex, Mumbai – 400 001 Bandra (East), Mumbai - 400 051 Scrip Code: 533581 Scrip Symbol: PGEL Sub: Inve
Slide 2: PG Electroplast Company Update 3Q FY2023
PG Electroplast Company Update 3Q FY2023, Feb. 2023
Slide 3: Disclaimer
Disclaimer This presentation has been prepared for informational purposes only. This Presentation does not constitute a prospectus, Offering circular or offering memorandum and is not an offer or initiation to buy or sell any securities, nor shall part or all of this presentation from the basis of,
Slide 4: Agenda
Introduction Quarterly Financials Agenda Quarterly - Key Metrics Strategy & Outlook Historical Financials
Slide 5: About PG Electroplast Limited
▪ PG Electroplast Limited (PGEL) is the flagship company of PG Group. While the PG Group had started its journey in 1977, PG Electroplast was formally set up in 2003 and is a leading, diversified Indian Electronic Manufacturing Services provider. ▪ PGEL specializes in Original Design Manufacturing (
Slide 6: Our Journey
Our Journey AC Outdoor Unit Assembly capabilities developed. Developed and launched ODM platform for Fully Automatic Washing Machines. Developed and launched ODM platform for Air Coolers. 2022 2021 Achieved highest ever revenues – Crossed Rs 10 billion (Rs 1000 crores) mark Developed and Launched 2
Slide 7: Industries Served
Industries Served Air Washing LED Air Coolers Automotive Bathroom Consumer Conditioners Machines Televisions Components Fittings Electronics
Slide 8: Key Financials
• The Company has grown more than 4x in six years from a revenue of INR 263 crores in 2015-16, to INR 1098 crores in 2021-2022 at a 27% CAGR with the EBITDA Key Financials increasing at a 28% CAGR. • Over the past six years, the company has done a cumulative Capital Expenditure of close to INR 400 C
Slide 9: Key Clients
Key Clients acer vsix= EEE @) GB ices croma Crompton ”DAIKIN Flipkart £ Gry | Haier | made Honeywell HYUNDAI JABIL jaquar Ketitator fe KOHLER. LAVA. @. LG (C.) LUMNX 3 notherson all Co orien t Panasonic Refiancedigital Sealeomp £/SANSUI smr’ Gey tHomson MEG VOLTAS WW __ Whirlpool White-Westinghou:
Slide 10: Agenda
Introduction Quarterly Financials Agenda Quarterly - Key Metrics Strategy & Outlook Historical Financials
Slide 11: 9MFY2023 Consolidated Profit & Loss Highlights
• 9MFY2023 Sales stand at Rs 1321 crores with a 121% YoY growth. EBITDA growth stands at 153% YoY. Product Business crossed 720 crores and constituted 54.6% of the 9MFY2023 sales for the 9MFY2023. Consolidated Profit & • Operating margins improved QoQ and YoY, due to operating leverage & Cost contro
Slide 12: 9MFY2023 Balance sheet - Consolidated
9MFY2023 Balance sheet - Consolidated (Figures in ₹ million) As on As on As on As on A. EQUITY AND LIABILITIES B. ASSETS 31.12.2022 31.03.2022 31.12.2022 31.03.2022 (a) Share capital 227.4 212.2 (a) Fixed assets 5371.9 4409.6 (b) Reserves and surplus 3321.7 2910.7 (b) Capital Work in Progress 175.2
Slide 13: Agenda
Introduction Quarterly Financials Agenda Quarterly - Key Metrics Strategy & Outlook Historical Financials
Slide 14: Financial Metrics
• Operating profit margins have improved QoQ and YoY as guided due to cost Financial control, Softening commodity prices and Operating Leverage. • Working capital has expanded & working capital debt has increased due to Metrics increased inventory during the quarter because of strong AC business out
Slide 15: Business Breakup
• The Washing Machine (WM) and AC Business have seen robust growth, WM business grew 80%, while AC business crossed Rs 497 crores during 9M2023. We continue to Business invest in R&D and Product development in both AC and WM businesses. Breakup • Products business remains the focus area and growth d
Slide 16: Major Highlights of 9MFY23
• 9MFY2023 has been strong growth period as Consolidated Sales grew 121% and crossed Rs 1320 crores for the company. • The Product business contributed 54.6% of the total revenues in 9MFY23. Room AC business at Rs 497 crores grew 431% during the period while the Washing Machines business for the 9M
Slide 17: Agenda
Introduction Quarterly Financials Agenda Quarterly - Key Metrics Strategy & Outlook Historical Financials
Slide 18: Industry Outlook
Industry Outlook The Rapid rate of urbanization, Low penetration levels, falling Government reforms such as growth of young population with prices of durables and electronics Digital India, Make in India, Power rising income levels is leading to and changing lifestyle of the for all and Jan Dhan-Aad
Slide 19: Future Growth Strategy
Future Growth Strategy • Washing Machines Company foresees large • Room Air conditioner opportunities in plastic • Refrigerators moulding in consumer durables in appliances like: • Ceiling Fans • Sanitaryware products • Air coolers Opportunities in the ODM • Washing machines space for products like:
Slide 20: Future Outlook
Gradual improvement in margins due to better operational efficiencies and Future Outlook higher operating leverage Improving • Product business to drive profitability and growth for the company higher cash- flows, will lead to better capital • Company is developing new efficiency and stronger balanc
Slide 21: Guidance for FY23
o Increasing the Consolidated Sales guidance to at least INR 2000 crores which is a growth of 82% over FY2022. o Operating profit guidance of at least INR 140 crores which is a growth of 88% over FY2022 operating profit of Rs 74.5 crores. Guidance o In 4QFY2023, Operating margins across segments sho
Slide 22: Agenda
Introduction Quarterly Financials Agenda Quarterly - Key Metrics Strategy & Outlook Historical Financials
Slide 23: Profit & Loss Statement
Profit & Loss Statement Figures in ₹ million Mar-16 Mar-17 Mar-18 Mar-19 Mar-20 Mar-21 Mar-22 Net Sales 2,603 3,664 3,994 5,084 6,394 7032 10977 Growth (%) 9.0% 40.8% 9.0% 27.3% 25.8% 10.0% 56.1% Expenditure 2.422 3,456 3,749 4,777 5,993 6534 10232 Increase/Decrease in Stock (48) 19 (109) (41) (70)
Slide 24: Balance Sheet
Balance Sheet (Figures in ₹ million) As on 31 March As on 31 March A. EQUITY AND B. ASSETS LIABILITIES 2016 2017 2018 2019 2020 2021 2022 2016 2017 2018 2019 2020 2021 2022 (a) Share capital 164 164 164 187 195 197 212 (a) Fixed assets 1456 1620 1785 1921 2532 2731 4410 (b) Capital Work in (b) Reser
Slide 25: Thank You!
Thank You! We look forward to working with you!