Everest Industries Limited · NSE:EVERESTIND
Everest Industries — Q1 FY2019 Earnings Presentation
25 slides from Everest Industries's earnings presentation, July 2018
Slide 1: Everest Industries Limited Q1-FY19 Earnings Presentation
EVEREST INDUSTRIES LIMITED Q1–FY19 EARNINGS PRESENTATION
Slide 2: 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 3: Company Overview
Company Overview • Everest Industries Limited (Everest) has over 8 decades 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. • The visio
Slide 4: Key Financial Highlights – Standalone Historical (INR Mn)
Key Financial Highlights – Standalone Historical (INR Mn) Current Quarter Previous Quarter Current Quarter Last Current Year Last Year Year Particulars Q1-FY19 Q4-FY18 Q1-FY18 FY17-18 FY16-17 Total Income* 4,184 3,443 3,793 12,786 12,372 EBITDA 443 295 338 989 516 EBITDA Margin 10.59% 8.57% 8.91% 7.
Slide 5: Q1-FY19 – Standalone Income Statement (INR Mn) – IND AS
Q1-FY19 – Standalone Income Statement (INR Mn) – IND AS Particulars Q1-FY19 Q1-FY18 Y-o-Y Q4-FY18 Q-o-Q Total Income* 4,184 3,793 10.3% 3,443 21.5% Total Expenses 3,741 3,455 8.3% 3,148 18.8% EBITDA 443 338 31.1% 295 50.2% EBITDA Margin 10.59% 8.91% 168 Bps 8.57% 202 Bps Depreciation 57 56 1.8% 59 (
Slide 6: Key Business Highlights
Key Business Highlights • Relentless pursuit of value added business. • Cost reduction initiatives – o Stable raw material prices in building products segment has resulted in reducing costs. o Lower finance cost has contributed to higher disposable profit. • Steel prices continue to put pressure on
Slide 7: Q1-FY19 Operational Highlights – Building Products
Q1-FY19 Operational Highlights – Building Products 7
Slide 8: Building Products Performance - Standalone
Building Products Performance - Standalone Sales (`000 MT) Revenue (INR Mn) PBIT (INR Mn) Sales (`000 MT) Revenue (INR Mn) PBIT (INR Mn) 800 Q4 Q3 Q2 Q1 700 600 191 174 500 400 127 161 300 122 129 200 100 226 226 264 0 2017 2018 2019 Note : All numbers as per IND-AS 8
Slide 9: Key Operational Highlights – Building Products Segment
Key Operational Highlights – Building Products Segment • Revenue up by 10.7% vis a vis Q1-FY18. • Market share up 1% vs. same quarter last year. • Specific thrust on Everest Super has resulted in higher sales. This waterproof and colorful product is a cost effective alternative to metal roofing shee
Slide 10: Way Forward – Building Products Segment
Way Forward – Building Products Segment • Expected increase in rural disposable income through Government initiatives where there is substantial hike in Minimum Support Prices (MSP) which will lead to demand for value added products. • Government initiatives would drive additional demand for Buildin
Slide 11: Building Products – Roofing and Fibre Cement Boards
Building Products – Roofing and Fibre Cement Boards Everest Roofing Products Marimuthu Coir Factory – Negamam Shanmugam poultry farm – Annur Poultry Farm - Kolpewadi Fibre Cement Boards and Panels Heavy Duty Board Everest Designer Jaali Board Façade 15 Victoria Memorial Library – Kolkata Residential
Slide 12: Q1-FY19 Operational Highlights – Steel Buildings
Q1-FY19 Operational Highlights – Steel Buildings 12
Slide 13: Steel Building Performance - Standalone
Steel Building Performance - Standalone Sales (`000 MT) Revenue (INR Mn) PBIT (INR Mn) Sales (`000 MT) Revenue (INR Mn) PBIT (INR Mn) 70 Q4 Q3 Q2 Q1 60 50 16 16 40 15 30 14 20 14 10 10 12 13 13 0 2017 2018 2019 Note : All numbers as per IND-AS 12
Slide 14: 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 as on 30th June, 2018 stands at 27,000 MT. 13
Slide 15: Way forward – Steel Buildings Segment
Way forward –Steel Buildings Segment • Everest remains committed towards smarter, safer, and speedier construction technology. • Government focus to connect Tier II and Tier III towns via air routes will help the company promote its modern Smart Steel Building Technologies. • Focus on green building
Slide 16: Steel Buildings – Major projects handed over in Q1-FY19
Steel Buildings – Major projects handed over in Q1-FY19 Reliance Industries Ltd. – Jhajjar, Haryana Max Specialty Films Ltd. – Ropar, Punjab Taikai Electric India Ltd. – Savli, Gujarat Amcor Flexibles India Pvt. Ltd. – Bharuch, Patton International Ltd. - Uluberia, West Systematic Conscom Ltd. - Pit
Slide 17: Historical Financial Statements
Historical Financial Statements 17
Slide 18: Historical Income Statement – Standalone (INR Mn)
Historical Income Statement – Standalone (INR Mn) Particulars FY15 FY16 FY17* FY18* Total Income* 12,410 13,263 12,372 12,786 Total Expenses 11,486 12,266 11,856 11,797 EBITDA 924 997 516 989 EBITDA Margin 7.45% 7.52% 4.17% 7.74% Depreciation 254 256 255 236 Finance Cost 187 228 208 126 Exceptional
Slide 19: Historical Balance Sheet – Standalone (INR Mn)
Historical Balance Sheet – Standalone (INR Mn) EQUITIES & LIABILITIES FY 15 FY16 FY17* FY18* ASSETS FY15 FY16 FY17* FY18* Shareholder Funds Non Current Assets Share Capital 153 154 154 156 Tangible Assets 3,138 3,472 3,436 3,385 Reserves& Surplus 3,044 3,321 3,249 3,814 Intangible Assets 71 25 8 21
Slide 20: Historical Income Statement – Consolidated (INR Mn)
Historical Income Statement – Consolidated (INR Mn) Particulars FY15 FY16 FY17* FY18* Total Income* 12,417 13,263 12,498 13,069 Total Expenses 11,493 12,274 11,990 12,070 EBITDA 924 989 508 999 EBITDA Margin 7.44% 7.46% 4.06% 7.64% Depreciation 254 256 255 235 Interest 187 228 208 126 PBT 483 505 45
Slide 21: Historical Balance Sheet – Consolidated (INR Mn)
Historical Balance Sheet – Consolidated (INR Mn) Equity & Liabilities FY15 FY16 FY17* FY18* Assets FY15 FY16 FY17* FY18* Shareholder's Funds Assets Share Capital 153 154 154 156 Non-Current Assets Reserves and Surplus 3,042 3,312 3,233 3,824 Tangible Assets 3,138 3,478 3,438 3,385 Minority Interest
Slide 22: Financial Performance – Consolidated
Financial Performance – Consolidated 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 22
Slide 23: Capital Market Information
Capital Market Information SHARE PRICE PERFORMANCE (AS ON 30th JUNE 2018) Everest Ind Sensex TOP 3 INSTITUTIONAL INVESTORS (AS ON 30th JUNE 2018) 80% 60% Vijay Kishanlal Kedia 40% 5.03% 20% 0% HDFC Small Cap Fund 2.64% -20% -40% ICICI Lombard General Insurance 2.47% PRICE DATA (AS ON 30th JUNE 2018)
Slide 24: Q1-FY19 Earnings Call Information
Q1- FY19 Earnings Call Information The earnings call to discuss financial and operational performance for Q1-FY19 with Mr. Manish Sanghi, Managing Director will be held on: Date: Tuesday, 31st July, 2018 Time: 11:00 AM Primary Dial-in Numbers: +91 22 6280 1341 24
Slide 25: 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