Everest Industries Limited · NSE:EVERESTIND
Everest Industries — Q1 FY2021 Earnings Presentation
29 slides from Everest Industries's earnings presentation, Jul 24, 2020
Slide 1: Cover letter to stock exchanges
Ref.: H/NSE/BSE// 2020 Date: July 24, 2020 National Stock Exchange of India Limited BSE Limited Exchange Plaza Phiroze Jeejeebhoy Towers Plot No. C/1, G Block Dalal Street, Mumbai – 400 001 Bandra – Kurla Complex Tel.: 2272 1233/8058 Extn – 8013 Bandra (E), Mumbai - 400 051 Fax No. : 2272 2037/2039/
Slide 2: Earnings Presentation Q1-FY21
EVEREST INDUSTRIES LIMITED EARNINGS PRESENTATION Q1-FY21
Slide 3: Executive Summary
Executive Summary Company Overview Everest Industries Limited, is a pioneer in new age building products. From modern fibre cement boards to pre-engineered steel buildings, we have continuously introduced products which help in faster, stronger and aesthetic construction. Incorporated in 1934, we ha
Slide 4: Company Overview
Company Overview • Everest Industries Limited (Everest) has over 8 decades 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 vision of the company is to be the deepest pe
Slide 5: Manufacturing & Distribution Network
Manufacturing & Distribution Network 7,000 33 Dealer Distribution Network Sales Outlets Depots Total Capacity (MTPA) Bhagwanpur, Uttarakhand 9,50,000 MT 600+ 100,000+ Building Product Plants Serving Serving Cities Villages Ranchi, Jharkhand 72,000 MT Kymore, Kolkata, Steel Building Plants Madhya Pra
Slide 6: Key Strengths
Key Strengths Delivering Strength, Speed and Safety Trusted brand for over 8 decades Focus on executing projects with speed, 01 02 Commands market share of 18% in Building strength and safety Products and one of the largest in PEB Complete Building Solutions Provider State-of-the-art manufacturing f
Slide 7: Business Mix
Business Mix Building Products Steel Buildings Roofing Boards and Panels Pre Engineered Buildings Fibre Cement Supercolour Fibre Cement Wall & Cladding Solutions Artestone Cement Wood Planks Everest Artewood Smart Steel Buildings Heavy Duty Wall Boards Rapicon Wall Panels Hi-Tech Rooflight Ceiling S
Slide 8: Key Financial Highlights – Standalone (INR Mn)
Key Financial Highlights – Standalone (INR Mn) Current Quarter Previous Quarter Current Quarter Current Year Last Year Last Year Particulars Q1-FY21 Q4-FY20 Q1-FY20 FY20 FY19 Total Income* 3,177 2,908 4,344 12,928 14,106 EBITDA 395 19 439 521 1,131 EBITDA Margin 12.43% 0.65% 10.11% 4.03% 8.02% Net P
Slide 9: Q1-FY21 – Standalone Income Statement (INR Mn)
Q1-FY21 – Standalone Income Statement (INR Mn) Particulars Q1-FY21 Q1-FY20 Y-o-Y Q4-FY20 Q-o-Q Total Income 3,177 4,344 (26.9)% 2,908 9.3% Total Expenses 2,782 3,905 (28.8)% 2,889 (3.7)% EBIDTA 395 439 (10.0)% 19 NA EBIDTA Margin 12.43% 10.11% 232 Bps 0.65% 1178 Bps Depreciation 62 60 3.3% 57 8.8% F
Slide 10: Challenges in Q1
Challenges in Q1 Plants ØLack of manpower particularlycontractual ØDelayed permission of openingfor plants, supply chain. ØRestrictions by local authorities ØGeneral health and safety ØStock brought down ØAvailability of trucks and increase in petro product prices Sales ØInability to visit markets Ø
Slide 11: Steel Building challenges
Steel Building ØCustomers taking additional time in decisions. ØNo physical meetings ØProjects deferred/ put on hold ØCustomers conserving Cash Steel Building Sites ØManpower availability ØFrequent mobilization / demobilization ØCOVID issues at sites ØCustomer / local authorityrestrictions
Slide 12: Q1-FY21 Operational Highlights – Building Products
Q1-FY21 Operational Highlights Building Products 11
Slide 13: Building Products Performance - Standalone
Building Products Performance - Standalone Sales (`000 MT) Revenue (INR Mn) PBIT (INR Mn) 3,170 463 287 382 225 2,739 Q1-FY20 Q1-FY21 Q1-FY20 Q1-FY21 Q1-FY20 Q1-FY21 Sales (`000 MT) Revenue (INR Mn) PBIT (INR Mn) Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 211 165 2,361 1,827 243 169 141 1,942 1,671 224 155
Slide 14: Building Products – Roofing
Building Products – Roofing Everest Supercolour
Slide 15: Building Products – Fibre Cement Boards
Building Products – Fibre Cement Boards Novotel, Goa
Slide 16: Building Products – Fibre Cement Boards
Building Products – Fibre Cement Boards Safal Profitare Ahmadabad
Slide 17: Q1-FY21 Operational Highlights – Steel Buildings
Q1-FY21 Operational Highlights Steel Buildings 16
Slide 18: Steel Building Performance - Standalone
Steel Building Performance - Standalone Sales (`000 MT) Revenue (INR Mn) PBIT (INR Mn) 13 1,144 63 -41 4 427 Q1-FY20 Q1-FY21 Q1-FY20 Q1-FY21 Q1-FY20 Q1-FY21 Sales (`000 MT) Revenue (INR Mn) PBIT (INR Mn) Q4 Q3 Q2 Q1 Q4 Q3 Q2 Q1 Q4 Q3 Q2 Q1 15 11 1,312 49 13 1,070 12 1,131 1,092 44 16 13 32 1,361 1,1
Slide 19: S4, Century ply, Hoshiarpur
S4, Century ply, Hoshiarpur
Slide 20: Everest, Dahej
Everest, Dahej
Slide 21: Financial Statements – Historical
Financial Statements Historical 20
Slide 22: Income Statement – Standalone (INR Mn)
Income Statement – Standalone (INR Mn) Particulars FY18 FY19 FY20 Total Income 12,786 14,106 12,928 Total Expenses 11,797 12,975 12,407 EBIDTA 989 1,131 521 EBIDTA Margin 7.74% 8.02% 4.03% Depreciation 235 206 237 Finance Cost 126 76 70 Exceptional Items 17 - - PBT 611 849 214 Tax 104 207 73 Profit
Slide 23: Balance Sheet – Standalone (IND-AS)
Balance Sheet – Standalone (IND-AS) Equities & Liabilities (INR Mn) FY19 FY20 Assets (INR Mn) FY19 FY20 Shareholder Funds Non Current Assets Share Capital 156 156 Property, Plant and Equipment 3,355 3,515 Other Equity 4,371 4,390 Intangible Assets 12 6 Total -Shareholder Funds 4,527 4,546 Right to u
Slide 24: Income Statement – Consolidated
Income Statement – Consolidated Particulars (INR Mn) FY18 FY19 FY20 Total Income 13,069 14,148 12,949 Total Expenses 12,070 13,037 12,432 EBIDTA 999 1,111 517 EBIDTA Margin 7.64% 7.85% 3.99% Depreciation 235 206 238 Interest 126 76 70 PBT 638 829 209 Tax 107 210 74 Profit After Tax 531 619 135 PAT M
Slide 25: Balance Sheet – Consolidated (IND-AS)
Balance Sheet – Consolidated (IND-AS) Equities & Liabilities (INR Mn) FY19 FY20 Assets (INR Mn) FY19 FY20 Shareholder Funds Non Current Assets Share Capital 156 156 Property, Plant and Equipment 3,355 3,515 Other Equity 4,358 4,370 Intangible Assets 13 6 Total -Shareholder Funds 4,514 4,526 Right to
Slide 26: Financial Performance – Consolidated
Financial Performance – Consolidated 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
Slide 27: Capital Market Information
Capital Market Information Share Price Performance (As on 30th June, 2020) 20% 0% -20% -40% -60% -80% Jul-19 Aug-19 Sep-19 Oct-19 Nov-19 Dec-19 Jan-20 Feb-20 Mar-20 Apr-20 May-20 Jun-20 Everest Sensex Price Data (As on 30th June, 2020) Shareholding Pattern (As on 30th June, 2020) Face Value (INR) 10
Slide 28: Q1-FY21 Earnings Call Information
Q1- FY21 Earnings Call Information The earnings call to discuss financial and operational performance for Q1-FY21 with Mr. Manish Sanghi, Managing Director and Mr. Nikhil Dujari, CFO will be held on: • Date: Friday, 24th July, 2020 • Time: 11:00 AM • Primary Dial-in Numbers: 07039003556
Slide 29: 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