Everest Industries Limited · NSE:EVERESTIND
Everest Industries — Q2 FY2020 Earnings Presentation
27 slides from Everest Industries's earnings presentation, Oct 25, 2019
Slide 1: Cover letter to stock exchanges
Ref. : H/ NSE/BSE/61/2019 ‘ Date : 25th October, 2019 National Stock Exchangeof India Limited BSE Limited - Exchange Plaza Phiroze Jeejeebhoy Towers Plot No. C/1, G Block Dalal Street, Mumbai - 400 001 Bandra - Kurla Complex Tel.: 2272 1233/8058 Extn - 8013 Bandra (E), Mumbai- 400 051 Fax No.: 2272
Slide 2: H1 / Q2-FY20 Earnings Presentation
EVEREST INDUSTRIES LIMITED H1 / Q2–FY20 EARNINGS PRESENTATION 1
Slide 3: Executive Summary
Executive Summary Company Overview: Everest Industries Limited, incorporated in 1934, has a rich history in the manufacturing of Building products and Steel products. Everest offers a complete range of roofing, ceiling, wall, flooring, and cladding products distributed through a large network, as we
Slide 4: Company Overview
Company Overview • Everest Industries Limited (Everest) has over 8 decades Operational Revenue (INR Mn) and EBITDA Margin (%)* of experience in building products and is the pioneer of fibre cement products in India. • The company’s business is built on three key pillars: Safety, Speed, and Strength.
Slide 5: Key Financial Highlights – Standalone (INR Mn)
Key Financial Highlights – Standalone (INR Mn) Current Quarter Previous Quarter Current Quarter Current Year Last Year Last Year Particulars Q2-FY20 Q1-FY20 Q2-FY19 H1-FY20 H1-FY19 Operational Income 2,863 4,315 3,128 7,178 7,295 EBITDA (18) 409 183 392 610 EBITDA Margin - 9.48% 5.85% 5.46% 8.36% Ne
Slide 6: Key Financial Highlights – Consolidated (INR Mn)
Key Financial Highlights – Consolidated (INR Mn) Current Quarter Previous Quarter Current Quarter Current Year Last Year Last Year Particulars Q2-FY20 Q1-FY20 Q2-FY19 H1-FY20 H1-FY19 Operational Income 2,862 4,322 3,137 7,184 7,326 EBITDA (23) 403 176 381 603 EBITDA Margin - 9.32% 5.61% 5.30% 8.23%
Slide 7: Q2-FY20 – Standalone Income Statement (INR Mn)
Q2-FY20 – Standalone Income Statement (INR Mn) Particulars Q2-FY20 Q2-FY19 Y-o-Y Q1-FY20 Q-o-Q Operational Income 2,863 3,128 (8.5)% 4,315 (33.7)% Total Expenses 2,881 2,945 (2.2)% 3,906 (26.2)% EBITDA (18) 183 NA 409 NA EBITDA Margin - 5.85% NA 9.48% NA Other Income 25 12 NA 30 (16.7)% Depreciation
Slide 8: H1-FY20 – Standalone Income Statement (INR Mn)
H1-FY20 – Standalone Income Statement (INR Mn) Particulars H1-FY20 H1-FY19 Y-o-Y Operational Income 7,178 7,295 (1.6)% Total Expenses 6,786 6,685 1.5% EBITDA 392 610 (35.7)% EBITDA Margin 5.46% 8.36% (290) Bps Other Income 55 29 89.7% Depreciation 119 113 5.3% Finance Cost 41 39 5.1% Exceptional ite
Slide 9: Q2-FY20 – Consolidated Income Statement (INR Mn)
Q2-FY20 – Consolidated Income Statement (INR Mn) Particulars Q2-FY20 Q2-FY19 Y-o-Y Q1-FY20 Q-o-Q Operational Income 2,862 3,137 (8.8)% 4,322 (33.8)% Total Expenses 2,885 2,961 (2.6)% 3,919 (26.4)% EBITDA (23) 176 NA 403 NA EBITDA Margin - 5.61% NA 9.32% NA Other Income 28 12 NA 30 (6.7)% Depreciatio
Slide 10: H1-FY20 – Consolidated Income Statement (INR Mn)
H1-FY20 – Consolidated Income Statement (INR Mn) Particulars H1-FY20 H1-FY19 Y-o-Y Operational Income 7,184 7,326 (1.9)% Total Expenses 6,803 6,723 1.2% EBITDA 381 603 (36.8)% EBITDA Margin 5.30% 8.23% (293) Bps Other Income 58 29 100.0% Depreciation 119 113 5.3% Finance Cost 41 39 5.1% Exceptional
Slide 11: Q2-FY20 Operational Highlights – Building Products
Q2-FY20 Operational Highlights – Building Products 10
Slide 12: Building Products Performance - Standalone
Building Products Performance - Standalone Sales (`000 MT) Revenue (INR Mn) PBIT (INR Mn) 154 155 Q2-FY19 Q2-FY20 Sales (`000 MT) Revenue (INR Mn) PBIT (INR Mn) Q1 Q2 Q3 Q4 211 191 169 161 154 155 129 226 264 287 FY18 FY19 FY20 Note : All numbers as per IND-AS 12
Slide 13: Key Operational Highlights – Building Products Segment
Key Operational Highlights – Building Products Segment • Market prices of Building products were lower during the half year by 5%. • Expanding national footprint of building solutions business through improved distribution network and better product profile. • Forex rates remained volatile during th
Slide 14: Building Products – Roofing and Fibre Cement Boards
Building Products – Roofing and Fibre Cement Boards Everest Roofing Products Everest Super Everest Super Everest Super Poultry Farm - Puri, Odisha B.S. Farms, Village Bhojraj, Haryana BRS Alloys, Hisar Fibre Cement Boards and Panels Cement Board Cladding Rapicon wall Trade Centre, Sikkim Residential
Slide 15: Q2-FY20 Operational Highlights – Steel Buildings
Q2-FY20 Operational Highlights – Steel Buildings 14
Slide 16: Steel Building Performance - Standalone
Steel Building Performance - Standalone Sales (`000 MT) Revenue (INR Mn) PBIT (INR Mn) 16 13 Q2-FY19 Q2-FY20 Sales (`000 MT) Revenue (INR Mn) PBIT (INR Mn) Q1 Q2 Q3 Q4 16 15 15 13 14 16 13 13 13 13 FY18 FY19 FY20 Note : All numbers as per IND-AS 17
Slide 17: Key Operational Highlights – Steel buildings
Key Operational Highlights – Steel buildings • Committed to timely hand over of projects to customers with Industry benchmark quality. • Order book of 22,000 MT. • Execution speed is picking up as industry is expanding capacity. • The Company is working towards enhancing utilization across plants. •
Slide 18: Steel Buildings
Steel Buildings A. P. Organics Ltd – Sangrur, Acrysil Limited – S1 International Tractors - Punjab Bhavnagar, Gujrat Hoshiyarpur, Punjab Devigiri Forgings Pvt Ltd – S1 Max Polyfims – Ropar, Punjab Mascor Precisions Pvt Ltd – Aurangabad, Maharastra Aurangabad, Maharastra 17
Slide 19: Historical Financial Statements
Historical Financial Statements 18
Slide 20: Income Statement – Standalone (INR Mn)
Income Statement – Standalone (INR Mn) Particulars FY17 FY18 FY19 H1-FY20 Operational Income 12,281 12,712 14,041 7,178 Total Expenses 11,856 11,797 12,975 6,786 EBITDA 425 915 1,066 392 EBITDA Margin 3.46% 7.20% 7.59% 5.46% Other Income 91 74 65 55 Depreciation 255 235 206 119 Finance Cost 208 126
Slide 21: Balance Sheet – Standalone (IND-AS)
Balance Sheet – Standalone (IND-AS) Equities & Liabilities (INR Mn) FY18 FY19 H1-FY20 Assets (INR Mn) FY18 FY19 H1-FY20 Shareholder Funds Non Current Assets Share Capital 156 156 156 Property, Plant and Equipment 3,385 3,355 3,432 Other Equity 3,814 4,371 4,430 Intangible Assets 21 12 9 Total -Share
Slide 22: Income Statement – Consolidated
Income Statement – Consolidated Particulars (INR Mn) FY17 FY18 FY19 H1-FY20 Operational Income 12,406 12,969 14,083 7,184 Total Expenses 11,989 12,070 13,037 6,803 EBITDA 417 899 1,046 381 EBITDA Margin 3.36% 6.93% 7.43% 5.30% Other Income 91 100 65 58 Depreciation 255 235 206 119 Interest 208 126 7
Slide 23: Balance Sheet – Consolidated (IND-AS)
Balance Sheet – Consolidated (IND-AS) Equities & Liabilities (INR Mn) FY18 FY19 H1-FY20 Assets (INR Mn) FY18 FY19 H1-FY20 Shareholder Funds Non Current Assets Share Capital 156 156 156 Property, Plant and Equipment 3,385 3,355 3,432 Other Equity 3,824 4,358 4,410 Intangible Assets 21 13 9 Total -Sha
Slide 24: Financial Performance – Consolidated
Financial Performance – Consolidated Operational Revenue (INR Mn) and EBITDA Margin (%) PAT (INR Mn) & PAT Margin (%) Net Debt to Equity Ratio ROE & RoCE Operating Cash Flow (INR Mn) Working Capital Days Note: FY17 and FY18 numbers As per IND-As 23
Slide 25: Capital Market Information
Capital Market Information SHARE PRICE PERFORMANCE (AS ON 30TH SEPTEMBER, 2019) LARGEST INSTITUTIONAL INVESTORS (AS ON 30TH SEPTEMBER, 2019) 20% 0% Vijay Kishanlal Kedia & Associates 4.89% -20% -40% Kedia Securities Private Limited 1.19% Everest Industries Sensex HDFC Small Cap Fund 2.63% PRICE DATA
Slide 26: H1-FY20 Earnings Call Information
H1-FY20 Earnings Call Information The earnings call to discuss financial and operational performance for Q2-FY20 with Mr. Manish Sanghi, Managing Director and Mr. Nikhil Dujari, CFO will be held on: • Date: 25th October, 2019 • Time: 12:30 PM • Primary Dial-in Numbers: +91 22 6280 1341 25
Slide 27: Disclaimer
Disclaimer Everest Industries Limited Disclaimer: No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Such information and opinions ar