Asian Paints Ltd. · NSE:ASIANPAINT

Asian Paints — Q1 FY2003 Earnings Presentation

11 slides from Asian Paints's earnings presentation, Jul 16, 2002

  1. Slide 1: Asian Paints (India) Limited - Results for quarter ended June 30, 2002

    1 Asian Paints (India) Limited Results for quarter ended June 30, 2002 Mr. Ashwin Dani Date : July 16, 2002 Vice Chairman & Managing Director

  2. Slide 2: Economic Environment

    2 Economic Environment „ Performance of the economy seems to be improving „ Housing sector continues to perform well „ Exports performance robust

  3. Slide 3: Paint industry in Q1-FY 2003

    3 Paint industry in Q1-FY 2003 „ Paint industry is estimated to have grown by around 13 % in first quarter „ Decorative coatings segment has performed very well and is estimated to have grown by 15 % „ Exterior segment is estimated to have the highest growth rate at around 25 % „ Industrial coatings

  4. Slide 4: Profit & Loss Account

    4 Profit & Loss Account (In Rs. Mn) Q1- FY 03 Q1- FY 02 Growth % Net Sales 3215.65 2772.58 15.98 % PBDIT 597.86 452.63 32.09 % Interest 30.00 47.04 -36.22 % Depreciation 108.46 93.35 16.19 % Other income 37.30 18.54 101.19 % PBT 459.40 312.24 47.13 % Current Tax 170.00 100.00 70.00 % Deferred Tax 1.

  5. Slide 5: Asian Paints in Q1 - FY 2003

    5 Asian Paints in Q1 - FY 2003 „ Net sales increases by 15.98 % „ PBDIT increases by 32.1 % to Rs. 597.86 million „ Net profit up by 35.8 % to Rs. 288.30 million „ Had Rs.14.40 million been accounted as deferred tax in the first quarter of the previous financial year, Net Profit would have increased

  6. Slide 6: Important Ratios

    6 Important Ratios 1Q FY’03 1Q FY’02 EBITDA /Net Sales 18.6 % 16.32 % EBITDA - OI /Net Sales 17.4 % 15.6 % EBIT / Net Sales 15.2 % 12.9 % EBT / Net Sales 14.3 % 11.3 % PAT/ Net Sales 8.9 % 7.6 % RM/Net Sales 54.89 % 57.85 %

  7. Slide 7: Decorative coatings

    7 Decorative coatings „ All product categories have registered excellent growth rates „ Exteriors segment has grown by over 25% „ New products have grown by over 45 %

  8. Slide 8: Chemical business in Q1-FY 2003

    8 Chemical business in Q1-FY 2003 „ Chemicals business value sales have increased by around 18 % „ Realisations for Phthalic Anhydride has increased from Rs. 33.0 / kg to Rs. 35.3 / kg for the quarter „ Price realisations for Pentaerythritol was maintained at the last year’s level

  9. Slide 9: Outlook

    9 Outlook „ Raw material prices have shown inflationary trends during the end of the quarter „ We expect key raw material prices to increase during the financial year „ Housing sector growth would continue to significantly benefit the paint industry „ Good monsoons critical for economic recovery and

  10. Slide 10: Restating Targets

    10 Restating Targets „ Net Sales growth 10 - 12 % in 2002-03 „ Restraint in capex & small improvements expected in working capital „ Maintain margins „ ROCE (EBIT/CE) of more than 35 % expected to be maintained.

  11. Slide 11: Thank you

    11 Thank you

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