Slide 1: Exchange intimation letter: Investor Update
> Pidilite 10" November, 2017 The Secretary The Secretary BSE Ltd. National Stock Exchange of India Ltd. Corporate Relationship Dept., Exchange Plaza, Plot no. C/1, G Block, 14" floor, P. J. Tower, Bandra-Kurla Complex, Dalal Street, Fort Bandra (E), Mumbai - 400 001 Mumbai - 400 051 Stock Code — 50
Slide 2: Investor Update: Financial Highlights, July–September 2017
Pidilite Industries Limited Investor Update Quarter and six months ended September 2017 Coverage Financial Highlights Business segment wise Overseas subsidiaries performance Domestic subsidiaries performance Financial Results Investor Communication This investor update covers the Company’s
Slide 3: April–September 2017 Performance and Segment Results
April – September 2017 Standalone Performance as compared to same period last year: Net sales grew by 4.1% with volume & mix growth of 6%. Material cost, as a % to sale, is higher by 152 Bps. Other expenses, excluding excise duty, increased by 5.2%. EBITDA, before non-operating income, decli
Slide 4: Overseas subsidiaries performance
Overseas subsidiaries performance The Company has 17 overseas subsidiaries (5 direct and 12 step-down) and one joint venture including those having manufacturing and selling operations in USA, Brazil, Thailand, Dubai, Egypt, Sri Lanka and Bangladesh. The performance of the following major geogra
Slide 5: Domestic subsidiaries performance
Domestic subsidiaries performance The performance of major domestic subsidiaries is detailed below: Sales growth of Nina and Percept, domestic subsidiaries engaged in waterproofing services, was impacted due to strong monsoon and other factors affecting construction industry. ICA Pidilite sales
Slide 6: Standalone Unaudited Financial Results
PIDILITE INDUSTRIES LIMITED REGD. OFFICE : 7th Floor, Regent Chambers, Jamnalal Bajaj Marg, 208, Nariman Point, Mumbai - 400 021 Tel No. 91 22 2835 7000 Fax : 91 22 2835 6007 Email address : investor relations@pidilite.co.in Website : www.pidilite.com CIN : L24100MH1969PLC014336 STATEMENT OF STANDAL
Slide 7: Standalone Unaudited Segment Information
STANDALONE UNAUDITED SEGMENT INFORMATION FOR THE QUARTER AND SIX MONTHS ENDED 30.09.2017 Rs Crores| For the Six Months _ |For the Year| sr. [Particulars For the Quarter ended ended ended No, [30.09.2017 | 30.06.2017 | 30.09.2016 | 30.09.2017 | 30.09.2016 | 31.03.2017, Unaudited | Unaudited | Unaudit
Slide 8: Standalone Statement of Assets and Liabilities
—3— UNAUDITED STANDALONE STATEMENT OF ASSETS AND LIABILITIES AS AT 30.09.2017 Rs Crores s Asat Asat No Particulars 30.09.2017] 31.03.2017 Unaudited Audited Al) ASSETS 1] Non Current Assets (a) Property, Plant and Equipment 648.23 668.66 (b) Capital Work-In-Progress 148.75 126.57 (c) Goodwill 86.11 8
Slide 9: Notes to the Standalone Financial Results
4 Notes to the Standalone Financial Results: |’ 1. The above results have been reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on 8th November, 2017. | 2. The Company has opted to publish Standalone as well as Consolidated Financial Results. The Statutory
Slide 10: Consolidated Unaudited Financial Results
STATEMENT OF CONSOLIDATED UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND SIX MONTHS ENDED 30.09.2017 PIDILITE INDUSTRIES LIMITED REGD. OFFICE : 7th Floor, Regent Chambers, Jamnalal Bajaj Marg, 208, Nariman Point, Mumbai - 400 021 Tel No. 91 22 2896 7000 Fax: 91 22 2836 6007 Email address : investor
Slide 11: Consolidated Unaudited Segment Information
—2— CONSOLIDATED UNAUDITED SEGMENT INFORMATION FOR THE QUARTER AND SIX MONTHS ENDED 30.09.2017 Rs Crores} For the Six Months _ |For the Year Sr.|Particulars For the Quarter ended ended ended No, 30.09.2017 | 30.06.2017 | 30.09.2016 | 30.09.2017 | 30.09.2016 | 31.03.2017 Unaudited | Unaudited | Unaud
Slide 12: Consolidated Statement of Assets and Liabilities
UNAUDITED CONSOLIDATED STATEMENT OF ASSETS AND LIABILITIES AS AT 30.09.2017 —3— Rs Crores As at As at Sr No] Particulars 30.09.2017} 31.03.2017] Unaudited] Audited} A] ASSETS 1] Non Current Assets (a) Property, Plant and Equipment 768.68 789.12 (b) Capital Work-In-Progress 180.00 147.71 (c) Goodwill
Slide 13: Notes to the Consolidated Financial Results
Notes to the Consolidated Financial Results: . The above results have been reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on 8th November, 2017. . The Company has opted to publish Standalone as well as Consolidated Financial Results. The above results co
Slide 14: Pidilite Industries Ltd. Q2 FY18
Pidilite Industries Ltd. Q2 FY18 Earnings Presentation
Slide 15: Disclaimer
Disclaimer This presentation may contain statements which reflect the management’s current views and estimates and could be construed as forward looking statements. The future involves certain risks and uncertainties that could cause actual results to differ materially from the current views being e
Slide 16: Financial Highlights
Oo Pidilite Financial Highlights og TERMINATOR __ FEVICOL SH == aww
Slide 17: Q2 FY18 Earnings Summary
Q2 FY18 Earnings Summary Net sales EBITDA** PBT PAT Standalone Rs 1,348 Cr Rs 373 Cr Rs 383 Cr Rs 261 Cr YoY Growth 11.2% 21.3% 21.8% 15.4% Consolidated Rs 1,514 Cr* Rs 377 Cr Rs 377 Cr Rs 253 Cr YoY Growth 9% 16.9% 17.1% 9.4% ** EBITDA is before non operating income. * Sales is excluding Cyclo. Pid
Slide 18: H1 FY18 Earnings Summary
H1 FY18 Earnings Summary Net sales EBITDA** PBT PAT Standalone Rs 2,682 Cr Rs 679 Cr Rs 701 Cr Rs 478 Cr YoY Growth 4.1% - 2.2% 0% - 4.1% Consolidated Rs 3,012* Cr Rs 698 Cr Rs 707 Cr Rs 479 Cr YoY Growth 2.9% -2.6% -0.7% -4.8% ** EBITDA is before non operating income. *Sales is excluding Cyclo. Pid
Slide 19: Comments on Financial Performance
Comments on Financial Performance Standalone • Net sales at Rs. 1,348 Cr grew by 11.2% in Q2. • Material cost, as a % to sale, is higher than the same quarter last year by 33 Bps. • EBITDA, before non-operating income, at Rs 373 Cr grew by 21.3% in Q2. Consolidated • Net sales(excluding the sales of
Slide 20: Q2 FY18 Overseas Performance
Q2 FY18 Overseas Performance (in INR Crores) Net Sales EBITDA # Figures are reported as per constant currency. #Net sales and EBITDA are excluding Cyclo. 7
Slide 21: H1 FY18 Overseas Performance
H1 FY18 Overseas Performance (in INR Crores) Net Sales EBITDA # Figures are reported as per constant currency. 8 #Net sales and EBITDA are excluding Cyclo.
Slide 22: Company Overview
Oo Pidilite Company Overview FEVICOL Fevikcwil® Fevicryl’ Rangeela THE ULTIMATE ADHESIVE 6 steelorip|® MOY Roff'h SHINE + PROTECTION 4] WATERPROOFING EXPERT FOR CARS & BIKES TILE FIXING SOLUTIONS
Slide 23: Company Overview
Company Overview Brand established in 1959. 8 Regional offices with 23 plants and Pioneer in Consumer and 24 co-makers in India Specialty Chemicals International manufacturing facilities Adhesives & sealants, in USA, Thailand, Dubai, Brazil, Egypt, construction chemicals, art & Singapore and Banglad
Slide 24: Industry Segment Composition as on March 2017
Industry Segment Composition as on March 2017 Industrial Resins etc. {5%} Pigment & Preparation {5%} Others {1%} Industrial Adhesives {5%} Art/Craft Materials & Others {10%} IP 15% C&B 84% Construction/ Paint Chemicals {19%} Adhesives & Sealants {55%} C&B – Consumer & Bazaar, IP – Industrial Product
Slide 25: 5-Year Performance by Business Segments
5-Year Performance by Business Segments Numbers represent Percentage of Total Net Revenue Consumer and Bazaar Products Industrial Products 85% 20% 84% 19% 19% 84% 19% 83% 18% 83% 18% 82% 17% 82% 17% 81% 81% 16% 81% 16% 80% 15% 79% 14% 2012-13 2013-14 2014-15 2015-16 2016-17 2012-13 2013-14 2014-15 2
Slide 26: Domestic Presence – India operations
Domestic Presence – India operations • 5200+ SKUs of 500 products • 5671 distributors • Gross Turnover (domestic) of Rs. 5,720 Cr • 30 warehouses for FY17 • 8 regional offices & 2 RDCs • 23 plants, 24 Co-makers Pidilite Industries Limited 13
Slide 27: Global Presence
Global Presence • Exports to more than 80 countries. Major exports to Middle East, Africa, USA & Europe. • Export Turnover of Rs. 484 Cr in FY17. • 17 Overseas subsidiaries – 5 Direct and 12 Step down. 1 Joint Venture. • Total revenue from Overseas subsidiaries of Rs. 599 Cr in FY17. • International
Slide 28: Marketing/ Advertising
Marketing/ Advertising • Consistent and effective brand building activities across various categories (a) Consumer Adhesives & Sealants (b) Craftsmen Adhesives (c) Waterproofing Chemicals (d) Hobby & Craft Colours • Several of the brands are well-known in respective categories (Fevicol, Fevikwik, M-
Slide 29: Shareholding Pattern as of September 30, 2017
Shareholding Pattern as of September 30, 2017 16.05% Promoters Mutual Funds FPIs 10.92% Others 3.44% 69.59% Pidilite Industries Limited 16
Slide 30: Share Price Movement
Share Price Movement Pidilite Sensex 130 125 120 115 110 105 100 95 90 85 80 75 Sep-16 Oct-16 Nov-16 Dec-16 Jan-17 Feb-17 Mar-17 Apr-17 May-17 Jun-17 Jul-17 Aug-17 Sep-17 Rebased to 100 Pidilite Industries Limited 17
Slide 31: Backed by consistent dividend payouts
Backed by consistent dividend payouts 50% 40% 34.3% 34.1% 34.4% 33.1% 33.8% 30% 20% 10% 0% FY13 FY14 FY15 FY16 FY17 Note : The company transitioned into IND AS from 01.04.2015 Pidilite Industries Limited 18
Slide 32: Investor Contacts
Investor Contacts Investor Relations - investor.relations@pidilite.co.in Savithri Parekh, Company Secretary Ramkrishna Mandir Road, Off Mathuradas Vasanji Road, Andheri (E), Mumbai - 400 059. Phone : +91 22 67697000 CIN : L24100MH1969PLC014336 Fax : +91 22 28216007