Redington Limited · NSE:REDINGTON
Redington — Q4 FY2016 Earnings Presentation
21 slides from Redington's earnings presentation, May 2016
Slide 1: Redington (India) Limited Q4FY16 Earnings Presentation
REDINGTON (INDIA) LIMITED Q4FY16 Earnings Presentation May 2016
Slide 2: Disclaimer
Disclaimer This presentation contains “forward looking statements” including, but without limitation, statements relating to the implementation of strategic initiatives, and other statements relating to Redington India Limited’s future business developments and economic performance. While these forw
Slide 3: Q4FY16 Highlights
Q4FY16 Highlights Connecting The Dots Transformation from ‘Product’ to ‘Utility of Product’ 3
Slide 4: Business Highlights
Q4FY16 Business Highlights • Strong Sales performance in both India and Overseas. • Significant reduction in Working Capital in Q4 as compared with the previous quarters. • Generated positive free cash flow both in India and Overseas in Q4. 4
Slide 5: Q4FY16 - Consolidated Financials
Q4FY16 - Consolidated Financials ₹ in million REVENUE EBIDTA PAT 27.6% 4.4% 12.2% 104,916 1,376 2,396 82,211 2,295 1,226 Q4FY15 Q4FY16 Q4FY15 Q4FY16 Q4FY15 Q4FY16 5
Slide 6: Performance by Market
Q4FY16 Performance by Market ₹ in million REVENUE PAT 27.6% 12.2% 104,916 1,376 1,226 82,211 779 40.0% 68,600 15.5% 674 48,992 9.3% 8.2% 552 597 33,219 36,316 Q4FY15 Q4FY16 Q4FY15 Q4FY16 INDIA OVERSEAS INDIA OVERSEAS 6
Slide 7: Performance by Vertical
Q4FY16 Performance by Vertical REVENUE 2% 2% 16% 25% SERVICES NON-IT 82% 73% IT Q4FY15 Q4FY16 7
Slide 8: Q4FY16 – Working Capital Days
Q4FY16 – Working Capital Days Inventory days Debtor days Creditor days Working capital days 55 52 50 48 38 39 33 35 Q4 FY15 Q4FY16 8
Slide 9: Top Vendors Consolidated
Q4FY16 – Top 5 Vendors Consolidated REVENUE OTHERS 45% 43% DELL 4% SAMSUNG 5% 5% 6% 7% 10% LENOVO 18% 10% APPLE 24% 23% HP Q4FY15 Q4FY16 9
Slide 10: Performance – ProConnect
Q4FY16 Performance – ProConnect ₹ in million REVENUE EBIDTA 49.5% 75.3% • Consecutive strong double digit 303.7 55.4 growth in Revenue and PAT in 203.5 each of the four quarters in FY16 31.6 • Third Party Business has doubled in Revenue in Q4 FY16 over FY15. Q4FY15 Q4FY16 Q4FY15 Q4FY16 • Continued t
Slide 11: Free Cash Flow Statement
Free Cash Flow Statement ₹ in million Particulars Q4 FY16 Q4 FY15 Profit Before Taxation 1,787 1,713 Non-cash items (262) 463 Change in Working Capital 5,418 2,883 Direct Tax Paid (700) (94) Outflow of Finance Cost 379 328 Net Cash Flow from Operations 6,622 5,293 Capex (226) (47) Dividend (0.0) (0.
Slide 12: FY16 Highlights
FY16 Highlights Connecting The Dots Transformation from ‘Product’ to ‘Utility of Product’ 12
Slide 13: FY16 Performance
FY16 Performance ₹ in million REVENUE EBIDTA PAT 3,54,762 CAGR CAGR CAGR 4,257 3,16,227 16% 8,176 17% 17% 3,918 7,619 2,80,051 7,196 2,42,104 6,842 3,367 6,334 3,231 2,12,220 2,927 1,67,227 4,717 2,260 1,32,777 1,23,760 3,657 1,843 1,05,425 3,296 1,597 88,539 2,590 1,361 1,985 1,017 *Post acquisitio
Slide 14: FY16 Performance by Market
FY16 Performance by Market REVENUE PAT 39% 37% 38% 48% 47% 45% 44% 47% 52% 52% 51% 48% 48% 51% 53% 55% 57% 59% 56% 62% 61% 63% 62% 52% 53% 55% 56% 53% 48% 48% 49% 52% 52% 49% 47% 45% 43% 41% 44% 38% India Overseas 14
Slide 15: FY16 Performance by Vertical
FY16 Performance by Vertical REVENUE 2% 2% 2% 2% 2% 2% 2% 2% 2% 2% 5% 8% 9% 14% 18% 16% 18% 19% 21% 23% 93% 90% 89% 84% 80% 82% 80% 79% 77% 75% FY 07 FY 08 FY 09 FY 10 FY 11 FY 12 FY 13 FY 14 FY 15 FY16 IT Non IT Service 15
Slide 16: Consolidated Profit and Loss
Consolidated Profit and Loss ₹ in million Particulars FY16 FY15^^* FY14^ FY 13 FY 12 FY 11* FY 10 FY 09 FY 08* FY 07 Total Revenue 354,762 3,16,227 2,80,051 2,42,104 2,12,220 1,67,227 1,32,777 1,23,760 1,05,425 88,539 EBIDTA 8,175 7,619 7,196 6,842 6,334 4,717 3,657 3,296 2,590 1,985 PAT 4,257 3,918
Slide 17: Consolidated Balance Sheet
Consolidated Balance Sheet ₹ in million Particulars 31-MAR-16 31-MAR-15 Source: Networth 27,874 23,742 Net Debt 17,987 13,353 Minority Interest 2,519 2,060 Total 48,267 39,155 Application Fixed Assets 2,347 2,152 Goodwill 994 738 Net Assets 44,926 36,265 Total 48,267 39,155 17
Slide 18: FY16 – Working Capital Days
FY16 – Working Capital Days Inventory days Debtor Creditor days Working capital days 62 59 58 57 53 54 52 53 53 51 47 48 46 40 41 36 38 34 33 35 31 30 31 32 FY 11 FY 12 FY 13 FY 14 FY 15 FY 16 18
Slide 19: Provisions
Provisions Particulars FY 08 FY 09 FY 10 FY 11 FY 12 FY 13 FY 14 FY15 FY16 Provision for AR-% of 0.07% 0.05% 0.11% 0.14% 0.11% 0.06% 0.11% 0.12% 0.10% Sales Provision for Inventory -% 0.04% 0.11% -0.01% 0.12% -0.06% 0.02% 0.04% 0.11% 0.05% of Sales 0.15% 0.14% 0.12% 0.11% 0.11% 0.12% 0.11% 0.11% 0.1
Slide 20: Shareholding Pattern
Shareholding Pattern Others Others Mutual Funds 8.1% Mutual Funds 7.6% 15.7% 18.9% Harrow Investment Harrow Investment Holding Limited Holding Limited 13.3% 13.3% Standard Standard Chartered Private Chartered Private Equity Equity 11.9% 11.9% Synnex Mauritius Synnex Mauritius Limited Limited 23.6% 2
Slide 21: Investor Contacts
CIN - L52599TN1961PLC028758 Investor Contacts M. Muthukumarasamy Compliance Officer Redington (India) Limited SPL Guindy House, 95 Mount Road, Guindy, Chennai 600 032 https://www.redingtonindia.com Corporate Presentation https://redingtonindia.com/images/Redingtoncorpratepresentationmay2016.pdf Conn