Sirca Paints India Ltd. · NSE:SIRCA
Sirca Paints India — Q4 FY2021 Earnings Presentation
33 slides from Sirca Paints India's earnings presentation, May 29, 2021
Slide 1: Submission of Investor Presentation cover letter to NSE
SIRCA PAINTS INDIA LIMITED (Formerly known as Sircolor Wood Coatings Pvt. Ltd.) Regd. office : Plot No-50, Badli Industrial Area, Phase-2, New Delhi-110042 Ph.: 011-42083083 / 47533213 Email : info@sircapaints.com Web.: www.sircapaints.com CIN NO : L24219DL2006PLC145092 Date: 29/05/2021 TO, LISTING
Slide 2: Q4 & FY21 Earnings Presentation
Q4 & FY21 EARNINGS PRESENTATION May 2021 SIRCA PAINTS NSE: SIRCA | Bloomberg: SIRCA:IN INDIA LIMITED CIN: L24219DL2006PLC145092
Slide 3: Contents
CONTENTS Q4 & FY21 Result Discussion 03 Contractor Loyalty 22 Programme Introduction & Business Model 11 Indian Paints Industry 23 Sirca at a Glance 12 Wood Coatings & 24 Sirca’s Value Proposition 13 Finishes Brand Portfolio 15 Board of Directors 25 Sirca’s Footprint & Distribution 16 5Y Financial S
Slide 4: Q4 & FY21 Result Discussion
Q4 & FY21 RESULT DISCUSSION INVESTOR PRESENTATION
Slide 5: Q4FY21 Profit & Loss Summary
04 / 31 Q4FY21 PROFIT & LOSS SUMMARY Consolidated (₹ in crores) PARTICUL ARS Q4F Y21 Q3 F Y21 Q4F Y20 Y-O-Y% R E V E N U E F R O M O P E R AT I O N S 47.58 45.81 32.06 48.4% TOTA L I N C O M E 59.65 46.67 32.73 82.2% TOTA L O P E R AT I N G E X P E N S E S 38.27 37.23 27.84 37.5% E B I DTA ( E x c l
Slide 6: FY21 Profit & Loss Summary
05 / 31 FY21 PROFIT & LOSS SUMMARY Consolidated (₹ in crores) PARTICUL ARS F Y21 F Y20 Y-O-Y% R E V E N U E F R O M O P E R AT I O N S 143.18 135.05 6.0% TOTA L I N C O M E 157.32 140.66 11.8% TOTA L O P E R AT I N G E X P E N S E S 121.37 103.26 17.5% E B I DTA ( E x c l u d i n g O I ) 21.81 31.78
Slide 7: FY21 Balance Sheet Summary
06 / 31 FY21 BAL ANCE SHEET SUMMARY Consolidated (₹ in crores) PARTICUL ARS F Y21 F Y20 Y-O-Y% SHAREHOLDERS FUND 201.57 184.65 9.2% NON CURRENT LIABILITIES 0.27 0.18 50.0% CURRENT LIABILITIES 52.87 24.98 111.6% - T R A D E PAYA B L E S 34.84 20.29 71.7% TOTA L 254.73 209.82 21.4% INVESTOR PRESENTATI
Slide 8: FY21 Cash Flow Summary
07 / 31 FY21 CASH FLOW SUMMARY Consolidated (₹ in crores) PARTICUL ARS F Y21 F Y20 Y-O-Y% C A S H F R O M O P E R AT I N G A C T I V I T I E S 19.20 -7.56 354.0% CASH FROM INVESTING ACTIVITIES 14.83 4.81 208.3% CASH FROM FINANCING ACTIVITIES -0.10 -8.45 -98.8% N E T C A S H F LO W 33.93 -11.21 402.7
Slide 9: Management Commentary
08 / 31 MANAGEMENT COMMENTARY Q4 & FY21 Result Discussion Business Update Product Launches Q4FY21 reported the highest-ever quarterly sales, at The Company witnessed a steady increase in Sirca launched San Marco and DuranteVivan 47.58 crores, surpassing the previous high of demand until March 2021;
Slide 10: Recent Promotional Activities
09 / 31 RECENT PROMOTIONAL ACTIVITIES Dealer Meets Organized at: INVESTOR PRESENTATION • Dharamshala • Gurdaspur • Hamirpur • Phagera • Shikohabad • Kashipur • Lucknow • Dehradun • Delhi
Slide 11: Company Profile
INVESTOR PRESENTATION PROFILE COMPANY
Slide 12: Introduction
11 / 31 INTRODUCTION ABOUT SIRCA PAINTS • With its newly commissioned ABOUT SIRCA S.P.A (ITALY) manufacturing facility, SPIL is INDIA LIMITED Founded in the 1973, Sirca is an progressing on its journey to become a leading brand in the integral part of the Durante Group. It Countries • Sirca Paints I
Slide 13: SPIL at a Glance
12 / 31 SPIL AT A GL ANCE Exclusive Licensee of Globally Established ‘Sirca’ brand for India, Team Strength Nepal, Bangladesh, and Sri Lanka Nodes* in Distribution Network Among the Top 3 Premium wood coatings brand in India INVESTOR PRESENTATION Branches & Depots Market Leader in North India Sirca
Slide 14: Value Proposition
13 / 31 VALUE PROPOSITION The promise and quality of ‘Made in Italy’ blended with innovation, research and development to provide the most sophisticated and customized products and services in the paints industry. INVESTOR PRESENTATION
Slide 15: Value Proposition
14 / 31 VALUE PROPOSITION • • • • • INVESTOR PRESENTATION
Slide 16: Brand Portfolio
15 / 31 Brand Por tfolio Sirca • Luxury Italian Su bc on ti n en t * Wood Coatings High-end Wall In dia n • Paints Unico • Mass-market Wood Coatings products San Marco INVESTOR PRESENTATION • High-end Decorative & Solid In dia Colour Finishes DuranteVivan • Adhesives Product Portfolio *includes Indi
Slide 17: Sirca's Footprint
INVESTOR PRESENTATION 16 / 31 SIRCA’S FOOTPRINT
Slide 18: Customer Segments
17 / 31 CUSTOMER SEGMENTS Revenue Contribution Revenue Contribution APPROACH Dealing in Premium Providing strong technical INVESTOR PRESENTATION Aggressively growing Distribution products. support and after sales Network with 1630* nodes services to OEM’s. GROWTH STRATEGY CLIENTELE (of ~300 OEM’s) C
Slide 19: Manufacturing Facilities
18 / 31 MANUFACTURING FACILITIES IPO COMMISSIONED This unit has been established This Company has a In Q1FY21 the company shifted with a total CAPEX of ~33.20 it’s wall paint manufacturing unit production capacity of: In Nov’2019, Sirca Crores, as a primary ‘Object of to a new, bigger premises in co
Slide 20: Marketing and Promotional Activities
19 / 31 MARKETING AND PROMOTIONAL ACTIVITIES To achieve a greater brand-recall for ‘Sirca’, the company is increasing its Increase expenditure on advertisements, marketing, and sales promotion efforts. Radio expenditure on Commercials & Advertisements ° MARKETING CAMPAIGN TV Commercials in Regional
Slide 21: Marketing and Promotional Activities
20 / 31 MARKETING AND PROMOTIONAL ACTIVITIES INVESTOR PRESENTATION Sirca studios for class-apart consumer experience
Slide 22: Marketing and Promotional Activities
21 / 31 MARKETING AND PROMOTIONAL ACTIVITIES INVESTOR PRESENTATION ~920 shop board installed for enhanced visibility
Slide 23: Contractor Loyalty Program
22 / 31 CONTRACTOR LOYALT Y PROGRAM Sirca Parivar App Highlights Objective of the Application How does it work? • Contractor registration Contractors Registered • Respective details are added (like sites, architect, etcetera Average Daily Scans • Mapping material dispatch • Product QR code scanned A
Slide 24: India Paint Industry
22 / 31 INDIA PAINT INDUSTRY PAINT INDUSTRY IS DIVIDED INTO The Indian Paints industry is estimated to be a 50,000 crore Decorative Paints constitute almost market annually. 3/4th of the market share while the rest 1/4th lies with industrial paints. INVESTOR PRESENTATION • An increase in disposable
Slide 25: Wood Coatings & Finish Segments
23 / 31 WOOD COATINGS & FINISH SEGMENTS OVERVIEW MARKET TRENDS 2. Growing awareness about environment-friendly products, • Wood coatings are used for their • The wood coatings product category adhesion, anti-corrosion, durability, is facing a shift in consumer 3. Greater artistic and aesthetic appea
Slide 26: Board of Directors
24 / 31 BOARD OF DIRECTORS Chairman and Managing Joint Managing Director Non-Executive Director Non-Executive Director Director Mr. Agarwal has holds a bachelor's Mr. Gurjit Singh Bains is one of the co- Mr. Pelosin has more than two decades Mr. Agarwal is one of the co-founders degree from Delhi Un
Slide 27: Board of Directors (Cont.)
25 / 31 BOARD OF DIRECTORS ( C O N T. ) Non-Executive & Non-Executive & Non-Executive & Independent Director Non-Executive & Independent Director Independent Director Independent Director Mr. Kapoor is a doctor by profession, Mr. Goyal was the Audit and Finance Mrs. Chauhan has a vast experience of
Slide 28: 5Y Financial Summary
INVESTOR PRESENTATION SUMMARY 5Y FINANCIAL
Slide 29: 5Y Profit & Loss Summary
27 / 31 5Y PROFIT & LOSS SUMMARY (₹ in crores) PARTICUL ARS F Y17 F Y18 F Y19 F Y20 F Y21 R E V E N U E F R O M O P E R AT I O N S 82.51 89.22 125.34 135.05 143.18 TOTA L I N C O M E 84.34 93.57 131.46 140.66 157.32 TOTA L O P E R AT I N G E X P E N S E S 62.30 63.26 93.81 103.26 121.37 E B I DTA (
Slide 30: 5Y Balance Sheet Summary
28 / 31 5Y BAL ANCE SHEET SUMMARY (₹ in crores) PARTICUL ARS F Y17 F Y18 F Y19 F Y20 F Y21 SHAREHOLDERS FUND 34.12 67.63 167.84 184.65 201.57 NON CURRENT LIABILITIES 0.02 0.33 0.48 0.18 0.27 CURRENT LIABILITIES 27.14 26.57 22.45 24.98 52.87 - T R A D E PAYA B L E S 9.36 6.93 17.02 20.29 34.84 TOTA L
Slide 31: 5Y Cash Flow Summary
29 / 31 5Y CASH FLOW SUMMARY (₹ in crores) PARTICUL ARS F Y17 F Y18 F Y19 F Y20 F Y21 C A S H F R O M O P E R AT I N G A C T I V I T I E S 10.71 -18.28 12.34 -7.56 19.20 CASH FROM INVESTING ACTIVITIES -5.38 -12.87 -71.28 4.81 14.83 CASH FROM FINANCING ACTIVITIES -6.93 15.50 68.36 -8.45 -0.10 N E T C
Slide 32: Contact Us
30 / 31 CONTACT US Mr. Chahat Mahajan Mr. Sayam Pokharna Company Secretary and Compliance Officer Integrated Reporting Advisor Investor Relations Advisor Sirca Paints India Limited The Investment Lab contact@kaptify.in cs@sircapaints.com sayam@theinvestmentlab.in Tel: +91-845 288 6099 KAPTIFY KAPTIF
Slide 33: Disclaimer
INVESTOR PRESENTATION DISCL AIMER 31 / 31