Polycab India Ltd. · NSE:POLYCAB
Polycab India — Q4 FY2021 Earnings Presentation
22 slides from Polycab India's earnings presentation, May 13, 2021
Slide 1: Q4 FY2021 Earnings Presentation
Q4 FY2021 Earnings Presentation 13 May 2021 1
Slide 2: Q4 Financial & FY2021 Performance
Q4Financial & FY2021 Performance 2
Slide 3: Key Highlights
Key Highlights Top-line (Revenue) Operating (EBITDA) Profitability (PAT) ROCE Q4FY21: 30,374 mn Q4FY21: 4,220 mn Q4FY21: 2,832 mn Q4FY21: 31.9% 43% YoY 43% YoY 32% YoY 205bps YoY 9% QoQ 12% QoQ 7% QoQ 133bps QoQ FY21: 89,265 mn FY21: 11,668 mn FY21: 8,859 mn FY21: 22.3% 1% YoY 3% YoY 16% YoY -417bps
Slide 4: Q4 FY21: Strong underlying growth
Q4 FY21: Strong underlying growth Revenue (INR mn) EBITDA (INR mn) Margin PAT (INR mn) Margin 13.8% 13.9% 10.1% 30,374 13.4% 9.4% 9.3% 27,988 4,220 3,763 2,636 2,832 21,294 2,151 2,948 43% YoY 9% QoQ 43% YoY 12% QoQ 32% YoY 7% QoQ Q4FY20 Q3FY21 Q4FY21 Q4FY20 Q3FY21 Q4FY21 Q4FY20 Q3FY21 Q4FY21 • Reve
Slide 5: FY21: A better year amidst disruption
FY21: A better year amidst disruption Revenue (INR mn) EBITDA (INR mn) Margin PAT (INR mn) Margin 88,300 89,265 13.1% 9.9% 12.8% 8.7% 11,668 8,859 11,276 7,656 1% YoY 3% YoY 16% YoY FY20 FY21 FY20 FY21 FY20 FY21 • Revenue was higher than last year led by strong performance in second half of the year
Slide 6: Wires and Cables Q4FY21
Wires and Cables Q4FY21 • Wires and Cables business grew by 35% YoY led by Revenue (INR mn) EBIT (INR mn) Margin healthy pickup in infra and industrial project activities, 15.2% improving consumer sentiment, and higher sales 13.5% 13.4% 24,875 realisation. Polycab now commands 20-22% of share 22,703
Slide 7: Fast Moving Electrical Goods Q4FY21
Fast Moving Electrical Goods Q4FY21 • FMEG business continued the robust momentum with Revenue (INR mn) EBIT (INR mn) Margin total income growing by 89% over last year, despite cost inflation, on the back of healthy consumer 3,468 3,055 5.9% 7.0% demand, distribution and strong execution. 0.1% • FME
Slide 8: Other Q4FY21
Other Q4FY21 • Other segment which largely comprises of our EPC Revenue (INR mn) EBIT (INR mn) Margin business 1,401 18.9% 10.5% 14.0% • Total income was down 45% on a YoY basis. However, it increased by 25% QoQ with unlocking of markets and 147 145 pickup in infra-activities 768 614 86 • Segmental
Slide 9: Financial Statements
Financial Statements Scan for Financial Results Download Link Scan for Audited Financial Statements 9 Download Link
Slide 10: Consolidated Profit and Loss Statement
Consolidated Profit and Loss Statement Quarter Year To Date Particulars (INR mn) Q4FY21 % Q3FY21 % Q4FY20 % FY21 % FY20 % Revenue from Operation 30,374 100.0% 27,988 100.0% 21,294 100.0% 89,265 100.0% 88,300 100.0% Cost of Goods sold 22,644 74.5% 21,196 75.7% 14,769 69.4% 66,065 74.0% 63,686 72.1% C
Slide 11: Consolidated Balance Sheet
Consolidated Balance Sheet Particulars (INR mn) Mar-21 Dec-20 Mar-20 Particulars (INR mn) Mar-21 Dec-20 Mar-20 Assets Equity and Liabilities Non-current Assets Shareholder’s Funds Fixed Assets 19,686 19,395 16,632 Share Capital 1,491 1,491 1,489 Other Non-current Assets 2,734 2,377 2,485 Reserves an
Slide 12: Consolidated Condensed Cash Flow Statement; Other key data points
Consolidated Condensed Cash Flow Statement Quarter Year To Date Particulars (INR mn) Q4FY21 Q3FY21 Q4FY20 FY21 FY20 Net Cash Flow from Operating Activities -3,081 7,713 -2,980 12,382 2,446 Net cash flow from/(used in) investing activities 3,216 -7,297 5,333 -10,121 -2,622 Net cash flow from/(used in
Slide 13: Other financial metrics
Other financial metrics Trailing twelve months Closing Working Capital in days FY21 FY20 FY19 FY21 FY20 FY19 Receivable Days 59 57 60 59 59 61 Inventory days 108 112 103 110 110 122 Payable Days 102 122 110 102 105 148 Net Working Capital 65 48 53 67 64 35 Other Income (INR mn) Q4FY21 Q3FY21 Q4FY20
Slide 14: Polycab India Limited | Q4 & FY21 Earnings Presentation
Polycab India Limited | Q4 & FY21 Earnings Presentation 14
Slide 15: Project Leap: A multi year transformation journey
Project Leap A multi year transformation journey Energise B2B Breakout growth in B2C Strengthen leadership Position to win Future proof success Accelerate Sustainability Organization excellence Agenda >Rs 200 bn sales by FY 2026 Forward looking statements
Slide 16: Energising B2B
Energising B2B • Recalibrate business model 1.5x of market growth in core • Refine value proposition segments 2x of market growth in emerging segments • Micro market analytics >5% contribution from • Business development adjacencies >10% contribution from exports 16 Forward looking statements
Slide 17: Position to win in B2C
Position to win in B2C • Create a winning varianting ladder 1.5x of market growth in • Redefine brand architecture retail wires 2x of market growth in FMEG • “Digital-first” led execution >12% EBITDA margin in FMEG • Exploring adjacencies ~10% contribution from Online for specific categories 17 Forw
Slide 18: Futureproof Success
Futureproof Success Operating Model Talent and Capability Digital & Analytics • Increase business autonomy • Building innovation fostering • Leveraging digital to and accountability specialized capabilities transform business model • Reoriented performance • Performance oriented • Analytics integrat
Slide 19: Accelerate Sustainability Agenda
Accelerate Renewable Energy Sustainability Waster & Water Recycling Agenda Inclusive Growth Giving back to the society and the environment is a priority. Our products and processes imbibe a genuine sense of eco-consciousness. Our efforts are focused on creating an inclusive, empowered and CSR spends
Slide 20: Shareholding Pattern
Shareholding Pattern Promoters 68.4% Others 15.3% Alternate Investment Funds 0.7% International Finance Corporation 2.5% Foreign Institutional Investors 6.4% Domestic Mutual Funds 6.6% Note: As on 31st March 2021. Notes: As on September 30th 2019 Polycab India Limited | Q4 & FY21 Earnings Presentati
Slide 21: Safe Harbour
Safe Harbour This Release / Communication, except for the historical information, may contain statements, including the words or phrases such as ‘expects, anticipates, intends, will, would, undertakes, aims, estimates, contemplates, seeks to, objective, goal, projects, should’ and similar expression
Slide 22: Thank you
Thank you Polycab India Limited CIN: L31300GJ1996PLC114183 Contact us For investor relations: investor.relations@polycab.com For queries on shares & investor grievance: shares@polycab.com Website: www.polycab.com Polycab India Limited | Q4 & FY21 Earnings Presentation 22