Slide 1: Polycab India Limited exchange filing cover letter
POLYCAB INDIA LIMITED (formerly known as Polycab Wires Limited) Polycab House, 771 Mogul Lane, Mahim (W), Mumbai – 400016 CIN: L31300DL1996PLC266483 Tel : +91 22 2432 7070-74 Fax : +91 22 2432 7075 Email: shares@polycab.com Website: www.polycab.com Date: 30th May 2020 To To Department of Corporate S
Slide 2: FY2020 Earnings Presentation
FY2020 Earnings Presentation 30 May 2020 1
Slide 3: Q4 Financial & FY2020 Performance
Q4Financial & FY2020 Performance 2
Slide 4: Key Highlights
Key Highlights Top-line (Revenue) Operating (EBITDA) Profitability (PAT) Returns (ROCE) FY20: 88,300 mn FY20: 11,276 mn FY20: 7,656 mn FY20: 26.4% 11% Y-o-Y 19% Y-o-Y 53% Y-o-Y Q4 FY20: 21,294 mn Q4 FY20: 2,948 mn Q4 FY20: 2,151 mn Q4 FY20: 29.8% -14% Y-o-Y 20% Y-o-Y 53% Y-o-Y -15% Q-o-Q -13% Q-o-Q
Slide 5: FY20: Healthy underlying performance
FY20: Healthy underlying performance Revenue (INR mn) EBITDA (INR mn) Margin PAT (INR mn) Margin 88,300 79,856 12.8% 8.7% 11.9% 6.3% 11,276 9,504 7,656 5,003 11% YoY 19% YoY 53% YoY FY19 FY20 FY19 FY20 FY19 FY20 • Revenue in FY20 grew by 11% YoY. Headwinds from weak demand environment in end user in
Slide 6: Q4 FY20: Impacted by COVID-19 pandemic
Q4 FY20: Impacted by COVID-19 pandemic Revenue (INR mn) EBITDA (INR mn) Margin PAT (INR mn) Margin 13.5% 13.8% 8.8% 10.1% 24,636 25,073 10.0% 3,389 5.7% 21,294 2,948 2,214 2,151 2,458 1,402 -14% YoY -15% QoQ 20% YoY -13% QoQ 53% YoY -3% QoQ Q4 FY19 Q3 FY20 Q4 FY20 Q4 FY19 Q3 FY20 Q4 FY20 Q4 FY19 Q3
Slide 7: Wires and Cables: Performance
FY20 Wires and Cables: Performance Revenue (INR mn) EBIT (INR mn) Margin • Total income in FY20 was up 9% YoY. Domestic sales were impacted by challenging economic environment and 12.3% 12.1% benign commodity prices. COVID-19 pandemic and 69,295 75,192 nationwide lockdown severely dented demand duri
Slide 8: FMEG: Performance
FY20 FMEG: Performance Revenue (INR mn) EBIT (INR mn) Margin • Total income in FY20 grew 30% YoY driven by portfolio augmentation, better product mix and overall distribution 2.0% expansion. COVID-19 outbreak significantly tapered 8,356 1.2% 168 overall growth in FY20. FMEG contribution to overall s
Slide 9: Others: Performance
FY20 Others: Performance Revenue (INR mn) EBIT (INR mn) Margin • Other segment which largely comprises of our EPC business witnessed healthy topline growth and margins led by execution of profitable projects 15.2% 5,230 4,637 4.3% 797 • Revenue in FY20 grew by 13% YoY with higher operating profitabi
Slide 10: Initiatives to help the community during COVID-19
Initiatives to help the community during COVID-19 Monetary and Resource contribution • Monetary contribution to various government, trade bodies, NGOs and other welfare institutions • Distributing food packets and essentials on a daily basis to hundreds of families around factory locations in Gujara
Slide 11: COVID-19 implications (1/2)
COVID-19 implications (1/2) Impact on Business Business was significantly impacted in second half of Mar’20 given it is generally a prime sales period for wires and cables business. Until then, Q4 was panning out broadly in line with company expectations. Estimated consolidated sales shortfall is ab
Slide 12: COVID-19 implications (2/2)
COVID-19 implications (2/2) Company Initiatives The Company is proactively taking various initiatives to help communities in many locations across India, as highlighted in an earlier slide. Standard operating procedures for factories have been redesigned with stringent levels of hygiene and distanci
Slide 13: Financial Statements
Financial Statements Scan for Financial Results Scan for Audited Financial Statements 12
Slide 14: Consolidated Profit and Loss Statement
Consolidated Profit and Loss Statement Quarter Full Year Particulars (INR mn) Q4FY20 % Q3FY20 % Q4FY19 % FY20 % FY19 % Revenue from Operation 21,294 100.0% 25,073 100.0% 24,636 100.0% 88,300 100.0% 79,856 100.0% Cost of Goods sold 14,769 69.4% 18,190 72.5% 19,017 77.2% 63,686 72.1% 59,660 74.7% Cont
Slide 15: Consolidated Balance Sheet
Consolidated Balance Sheet Particulars (INR mn) Mar'20 Mar'19 Dec'19 Particulars (INR mn) Mar'20 Mar'19 Dec'19 Assets Equity and Liabilities Non-current Assets Shareholder’s Funds Fixed Assets 16,632 14,686 15,947 Share Capital 1,489 1,412 1,488 Other Non-current Assets 2,485 2,355 2,835 Reserves an
Slide 16: Consolidated Cash Flow Statement Other data points
Consolidated Cash Flow Statement Quarter Full year Particulars (INR mn) Q4FY20 Q3FY20 Q4FY19 FY20 FY19 Net Cash Flow from Operating Activities -2,980 3,043 7,083 2,446 12,300 Net cash flow from/(used in) investing activities 5,333 -3,593 -1,522 -2,622 -4,077 Net cash flow from/(used in) financing ac
Slide 17: Other financial metrics
Other financial metrics Trailing twelve months Closing Working Capital in days FY20 FY19 FY20 FY19 Receivable Days 57 60 59 61 Inventory days 112 103 110 122 Payable Days 122 110 105 148 Net Working Capital 48 53 64 35 Other Income (INR mn) Q4FY20 Q3FY20 Q4FY19 FY20 FY19 Interest income 54 72 84 270
Slide 18: Shareholding Pattern
Shareholding Pattern 68.6% Promoter Others 14.2% IFC 9.5% FPI 4.9% MF 2.8% Notes: As on March 31st 2020 Notes: As on September 30th 2019 Polycab India Limited | Q4 FY2O Earnings Presentation 17
Slide 19: 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 20: Thank you
Thank you Polycab India Limited CIN: L31300DL1996PLC266483 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 FY2O Earnings Presentation 19