Asian Paints Ltd. · NSE:ASIANPAINT
Asian Paints — FY2018-19 Earnings Presentation
22 slides from Asian Paints's earnings presentation, May 9, 2019
Slide 1: Exchange filing cover letter for investor presentation
Asian Paints Limited Asian Paints House 6A, Shantinagar Santacruz (E) Mumbai 400 055 asianpaints T : (022) 6218 1000 F: (022) 62� 1111 . www.asianpaints.com APUSEC/20/61 9th May, 2019 BSE Limited The National Stock Exchange of India Limited Corporate Relationship Department Exchange Plaza, Plot No.
Slide 2: Investor Presentation Q4 & 12M: FY 2018-19
INVESTOR PRESENTATION Q4 & 12M : FY 2018-19 9th May 2019
Slide 3: This presentation may contain statements which reflect Management’s current views and estimates and could
This presentation may contain statements which reflect 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 expressed. Poten
Slide 4: Company Performance, Business Review, Risks and Outlook
Company Performance Business Review Risks and Outlook 3
Slide 5: Note on GST impact on revenue comparability
Consequent to the introduction of Goods and Services Tax (GST) with effect from 1st July, 2017, Central Excise, Value Added Tax (VAT) etc. have been subsumed into GST. In accordance with Indian Accounting Standards and Schedule III of the Companies Act, 2013, unlike Excise Duties, levies like GST, V
Slide 6: Consolidated results: Q4 and full year FY19
• Revenue from Operations up by 12.2% • PBDIT flat at Rs. 842 crores – Impact of higher material prices & higher media spends • PBDIT Margin of 19.9% in Q4-FY19 as compared to 22.4% in Q4-FY18 • PAT marginally lower than LY – Additional impact of higher depreciation for the 2 new plants • Revenue fr
Slide 7: Standalone results: Q4 and full year FY19
• Revenue from Operations up by 11.7% • PBDIT flat at Rs. 880 crores • PBDIT Margin of 17.5% in Q4-FY19 as compared to 19.6% in Q4-FY18 • PAT marginally lower than LY • Revenue from Operations up by 14.9% • PBDIT at Rs. 3,752 crores; growth of 9.8% • PBDIT Margin of 19.4% for full year compared to 2
Slide 8: Dividend FY 2017-18 and FY 2018-19
Interim Dividend 285% (Rs. 2.85) FY 2018-19 Final Dividend 765% (Rs. 7.65) Total Dividend 1050% (Rs. 10.50) Payout Ratio : 56.8% FY 2017-18 Interim Dividend 265% (Rs. 2.65) Final Dividend 605% (Rs. 6.05) Total Dividend 870% (Rs. 8.70) Payout Ratio : 53.1% 7
Slide 9: Growth over Last Year
GST reduction July 2018 30.0% GST July 2017 26.4% 25.0% Demonetization Nov 2016 Growth over Last Year 20.0% 16.2% 14.6% 15.0% 13.2% 13.0% 12.2% 11.5% 11.3% 10.2% 10.2% 10.5% 10.0% 8.7% [VALUE] 5.5% 7.2% 5.0% 2.3% 2.6% 0.0% 8
Slide 10: Dividend Payout Ratio
Dividend Payout Ratio 60% 56.8% 54.0% 54.2% 53.1% 53.1% 52.6% 51.0% 51.0% 49.0% Rs. 10.5 50% 46.0% 47.0% Rs. 8.7 39.0% Rs. 8.3* 40% Rs. 7.5 Rs. 6.1 30% Rs.5.3 Rs.4.6 Rs.4.0 20% Rs.3.2 Rs.2.7 Rs.1.75 10% Rs.1.7 0% 2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18
Slide 11: Business Review
Company Performance Business Review Risks and Outlook 10
Slide 12: Decorative Paints business in India
Decorative Paints business in India registered double digit volume growth in Q4 Continued focus on network expansion and opening new ‘Colour Ideas’ store 46,000+ ‘Colour World’ machines and 400+ ‘Colour Ideas’ stores across the country 5 ‘AP Homes’ stores operational; continue to see good re
Slide 13: AP Homes at Karur (Tamil Nadu)
AP HOMES AT KARUR (TAMIL NADU) 12
Slide 14: Mysuru and Vizag plants
Mysuru Vizag 13
Slide 15: International operations
All units in GCC (Oman, UAE & Bahrain) and Nepal registered good topline growth Sluggish growth in Egypt, Ethiopia, Sri Lanka and Bangladesh – impacting the overall International performance Indonesia operations scaling up well Expansion of distributor network and Colour Infinity (Colour Wor
Slide 16: IBU Group
Net Sales (Rs. crores) PBT (Rs. crores) 12M - FY19 12M - FY18 Gr % 12M - FY19 12M - FY18 Gr % Asia 1119 1044 7.3% 36 81 -54.9% Middle East 613 537 14.1% 34 42 -17.4% Africa 476 466 2.2% 44 58 -23.4% South Pacific 137 141 -2.8% 24 33 -25.6% IBU 2325 2148 8.3% 121 167 -27.3% IBU Group [VALUE] 26.1% As
Slide 17: PPG Asian Paints and Asian Paints PPG
PPG Asian Paints (PPGAP) Auto Segment registered slowdown in the second half of the year on the back of deceleration in the Auto industry Growth in General Industrial and Refinish segment supported revenue growth for the business Higher raw Work on Dahej (Gujarat) plant for Resins progressing
Slide 18: Sleek and Ess Ess
SLEEK Registered Sales of Rs. 214.4 crores in FY 19; Full year growth of 24.4% Growth led by strong performance in the Components as well as the Full Kitchen Dealer segments PBT Loss of Rs. 22.8 crores during the year ESS ESS Registered Sales of Rs. 202.1 crores in FY 19; Full year growth of
Slide 19: Capex FY19 and FY20
Total capex at the Standalone level for FY 19 was about Rs. 1000 crores Rs. 800 crores towards the two new paint manufacturing facilities at Vizag (Andhra Pradesh) and Mysuru (Karnataka) Capex for FY20 will be around Rs. 700 crores at the Standalone level
Slide 20: Risks and Outlook
Company Performance Business Review Risks and Outlook 19
Slide 21: Risks and outlook
Growth expected to remain uncertain in the near term Need to watch out for progress of the monsoon season as well as easing of the credit cycle in the economy Also need to monitor raw material price trends, including crude and volatility in the Rupee Geo-political uncertainty, forex challeng
Slide 22: Thank You
THANK YOU oo asianpaints