Everest Industries Limited · NSE:EVERESTIND
Everest Industries — Q1 FY2017 Earnings Presentation
26 slides from Everest Industries's earnings presentation, July 2016
Slide 1: Result Presentation Q1 FY17
Everest Industries Limited Result Presentation Q1 FY17
Slide 2: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Everest Industries Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any se
Slide 3: Agenda
Agenda 1 Business Update 2 Financial Performance & Analysis 3 Financial Highlights 3
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Slide 5: Company Overview
Company Overview Building Products Pre Engineered Building Industrial, Logistics, Commercial, Demand Rural and Semi-urban Urban Institutional and Infrastructure Roofing Sheets & Boards, Solid Wall Panels Pre-engineered Steel Buildings Products Accessories & Grids Smart Steel Buildings Capacity 865,0
Slide 6: Steel Building – Major projects in Quarter
Steel Building – Major projects in Quarter Customer name Location State Value (Rs. Lacs) Karnataka Rural Infrastructure Development Lingadheeranhalli Karnataka 1,772 Richland Developers Bhiwadi Rajasthan 277 Flexituff International Kashipur Uttarakhand 270 Somany Ceramics Bahadurgarh Haryana 227 Jin
Slide 7: Steel Building – Major projects in Quarter
Steel Building – Major projects in Quarter Project of Artemis Hospital –Rooftop Extension at Gurgaon, Haryana Size : 1,324 sq meter 7
Slide 8: Steel Building – Major projects in Quarter
Steel Building – Major projects in Quarter Project of HCL IT City , Chack Gajaria Farms, Lucknow, Uttar Pradesh Size : 3,200 sq meter 8
Slide 9: 9
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Slide 10: Q1 FY17 - Financial Highlights
Q1 FY17 - Financial Highlights Revenues (Rs Cr) EBITDA (Rs Cr) PAT (Rs Cr) 406.9 353.5 37.8 24.6 22.9 11.8 Q1FY16 Q1FY17 Q1FY16 Q1FY17 Q1FY16 Q1FY17 10
Slide 11: Profitability Highlights
Profitability Highlights Rs. in Cr Q1FY17 Q1FY16 YoY FY16 FY15 YoY Revenues 353.5 406.9 (13.1%) 1,313.4 1,230.5 6.7% Raw Material 197.8 241.9 732.3 706.3 Manpower Cost 32.8 31.9 127.1 109.1 Other Operating Expenses 98.3 95.3 370.8 333.2 EBITDA 24.6 37.8 (35.0%) 83.2 81.9 1.6% EBITDA Margin (%) 6.9%
Slide 12: Building Products Performance
Building Products Performance Sales (‘000 MT) Revenues (Rs Cr) EBIT(Rs Cr) 704.0 702.2 867.4 830.1 Q4 179.0 187.9 Q4 213.0 216.6 85.3 23.6 72.0 Q4 Q3 154.0 140.4 Q3 188.0 164.8 21.9 Q3 8.3 Q2 141.0 135.0 Q2 174.4 164.4 Q2 14.8 9.7 4.1 238.9 292.0 Q1 38.7 36.4 33.8 Q1 230.0 226.4 Q1 284.3 257.9 FY15
Slide 13: Steel Building Performance
Steel Building Performance Sales (‘000 MT) Revenues (Rs Cr) EBIT(Rs Cr) 483.3 120.6 53.6 20.2 363.3 3.8 13.5 41.5 Q4 105.7 117.7 7.8 Q4 12.3 14.3 Q3 88.9 122.3 Q4 4.8 Q3 10.2 Q3 12.8 Q2 72.0 Q1 2.2 3.8 Q2 8.0 0.7 0.5 122.6 -4.0 10.9 12.9 12.5 Q1 96.7 95.6 Q2 -6.0 Q1 FY15 FY16 FY17 FY15 FY16 FY17 FY1
Slide 14: Performance Analysis – Q1 FY17
Performance Analysis – Q1 FY17 Building Products Steel Buildings Revenue at Rs. 257.9 Cr lower by 9.3% YoY, Revenue at Rs. 95.6 Cr lower by 22.0% YoY , EBIT at Rs. 33.8 Cr lower by 7.1% YoY primarily EBIT at - Rs. 4.0 Cr primarily due to: on account off: Higher average raw material costs on ac
Slide 15: Improving Business Environment
Improving Business Environment Building Products – Growth Drivers Large opportunity in PEB segment Government focus on Housing for All Government focus on Make in India Housing shortage in rural India is estimated at 43.67 million Paving way for infrastructure and industrial boom in India -
Slide 16: Everest
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Slide 17: Quarterly Revenue Trend
Quarterly Revenue Trend Quarter 1 Quarter 2 388.3 406.9 353.5 246.0 287.0 FY15 FY16 FY17 FY15 FY16 FY17 Quarter 3 Quarter 4 318.0 337.3 277.0 282.0 FY15 FY16 FY17 FY15 FY16 FY17 17
Slide 18: Quarterly EBITDA Trend
Quarterly EBITDA Trend Quarter 1 Quarter 2 38.0 37.8 24.6 8.5 4.3 FY15 FY16 FY17 FY15 FY16 FY17 Quarter 3 Quarter 4 25.1 27.0 14.1 10.3 FY15 FY16 FY17 FY15 FY16 FY17 18
Slide 19: Quarterly PAT Trend
Quarterly PAT Trend Quarter 1 Quarter 2 22.9 19.6 3.4 11.8 -2.3 FY15 FY16 FY17 FY15 FY16 FY17 Quarter 3 Quarter 4 11.9 10.1 2.8 1.1 FY15 FY16 FY17 FY15 FY16 FY17 19
Slide 20: Annual Financial Highlights
Annual Financial Highlights Revenues (Rs Cr) EBITDA (Rs Cr) PAT (Rs Cr) +6.7% +1.6% 1,230.5 1,313.4 +3.2% 81.9 83.2 34.2 35.3 FY15 FY16 FY15 FY16 FY15 FY16 20
Slide 21: Strong Balance Sheet…
Strong Balance Sheet… Net Debt / Equity (x) Interest Coverage Ratio Working Capital Days 71 72 54 4.4 4.4 3.2 0.7 0.7 0.5 FY14 FY15 FY16 FY14 FY15 FY16 FY14 FY15 FY16 Improvement in leverage position despite CAPEX in last 3 years Net Debt/Equity : (Total Debt-cash) / Networth Interest Coverage : EBI
Slide 22: With improving Return Ratios
With improving Return Ratios Return on Capital Employed (%) Return on Equity (%) Return on Assets (%) 20.9 20.3 10.7 10.2 9.7 10.0 8.6 3.1 2.7 FY14 FY15 FY16 FY14 FY15 FY16 FY14 FY15 FY16 RoCE : EBIT / Capital Employed RoE : PAT / Networth RoA : PAT / Fixed Assets incl. CWIP 22
Slide 23: Consistent Dividend Paying Company
Consistent Dividend Paying Company Earning Per Share (EPS) Dividend Per Share (DPS) Payout (%) 22.4 23.0 41.5 5.0 5.0 22.3 21.7 6.0 2.5 FY14 FY15 FY16 FY14 FY15 FY16 FY14 FY15 FY16 Board recommended Dividend of Rs. 5 per equity share for FY16 Payout : DPS / EPS 23
Slide 24: Balance Sheet Highlights
Balance Sheet Highlights Rs. in Cr Mar-16 Mar-15 Rs. in Cr Mar-16 Mar-15 Shareholder’s Fund 347.4 319.7 Non-current assets 443.6 449.4 Share capital 15.4 15.3 Fixed assets (inc. CWIP) 351.5 351.2 Reserves & Surplus 332.1 304.4 Long-term loans and advances 92.1 98.2 Non-current liabilities 155.0 130.
Slide 25: Post results earnings call
Post results earnings call The earning call to discuss financial performance for Q1FY17 with Mr. Manish Sanghi, Managing Director & Mr. Rakesh Gupta, CFO is on: Date: Friday, 29 July, 2016 Time: 11.30 AM Dial-in Numbers: +91 22 3960 0659 / +91 22 6746 5959 25
Slide 26: For further information, please contact:
For further information, please contact: Company : Investor Relations Advisors : Everest Industries Ltd. Stellar IR Advisors Pvt. Ltd. CIN: L74999MH1934PLC002093 CIN: U74900MH2014PTC259212 Mr. Rakesh Gupta Mr. Gaurang Vasani / Mr. Vikash Verma rakeshgupta@everestind.com vgaurang@stellar-ir.com vikas