Pg Electroplast Limited · NSE:PGEL
Pg Electroplast — Q4 FY2022 Earnings Presentation
25 slides from Pg Electroplast's earnings presentation, May 28, 2022
Slide 1: Investor Presentation filing letter to stock exchanges
(8 PG Pli ELECTROPLAST LIMITED CIN-L321 09DL2003PLC 119416 Unit- IV A-20/2, MIDC Supa, Taluka· Parner Distt. Ahmednagar, Maharashtra-414301, India Phone : 02488'213343 E·mail # info@pgel.in Website# www.pgel.in May 28, 2022 To, To, The Manager (Listing) The Manager (Listing) BSE Limited, National St
Slide 2: PG Electroplast Company Update 4Q FY2022
PG Electroplast Company Update 4Q FY2022, May 2022
Slide 3: Disclaimer
Disclaimer This presentation has been prepared for informational purposes only. This Presentation does not constitute a prospectus, Offering circular or offering memorandum and is not an offer or initiation to buy or sell any securities, nor shall part or all of this presentation from the basis of,
Slide 4: Agenda
Introduction Quarterly Financials Agenda Quarterly - Key Metrics Strategy & Outlook Historical Financials
Slide 5: About PG Electroplast Limited
PG Electroplast Limited (PGEL) is the flagship company of PG Group. While the PG Group had started its journey in 1977, PG Electroplast was formally set up in 2003 and is a leading, diversified Indian Electronic Manufacturing Services provider. PGEL specializes in Original Design Manufacturing (
Slide 6: Our Journey
Our Journey AC Outdoor Unit Assembly capabilities developed. Developed and launched ODM platform for Fully Automatic Washing Machines. Developed and launched ODM platform for Air Coolers. 2022 2021 Achieved highest ever revenues – Crossed Rs 10 billion (Rs 1000 crores) mark Developed and Launched 2
Slide 7: Industries Served
Industries Served Air Washing LED Air Automotive Bathroom Consumer Conditioners Machines Televisions Coolers Components Fittings Electronics
Slide 8: Key Financials
• The Company has grown more than 4x in six years from a revenue of INR 263 crores in 2015-16, to INR 1098 crores in 2021-2022 at a 27% CAGR with the EBITDA Key Financials increasing at a 28% CAGR. • Over the past six years, the company has done a cumulative Capital Expenditure of close to INR 400 C
Slide 9: Key Clients
Key Clients acer ‘vsi® HEE @Q GD Oiices oe Crompton 7” DAIKIN 4rFOrRB_Es Flipkart + Fry zz | Haier [iad HAVELLS Honeywell HYUNDAI JABIL JOQUOr xonizator KOHLER. La@ i LG (e) LUMNX Watterson afl eC oon . — ¢ : 7 Panasonic Refncedisital Salcomp £/SANSU! Sm THOMSON U}S/H) Al VOLTAS © © westingnouse WW
Slide 10: Agenda
Introduction Quarterly Financials Agenda Quarterly - Key Metrics Strategy & Outlook Historical Financials
Slide 11: 4QFY2022 Consolidated Profit & Loss Highlights
• FY2022 Sales stand at 1098 crores with a 56% YoY growth. EBITDA growth 4QFY2022 stands at 78%. Product Business crossed 475 crores, growing over 146% YoY. Consolidated Profit • Despite High commodity prices, Higher proportion of low margin TV Business, Operating margins improved in 4QFY22 due to o
Slide 12: 12M 2022 Balance sheet - Consolidated
12M 2022 Balance sheet - Consolidated (Figures in ₹ million) As on As on As on As on A. EQUITY AND LIABILITIES B. ASSETS 31.03.2022 31.03.2021 31.03.2022 31.03.2021 (a) Share capital 212.2 196.9 (a) Fixed assets 4409.6 2,731.3 (b) Reserves and surplus 2910.7 1,727.8 (b) Capital Work in Progress 48.9
Slide 13: Agenda
Introduction Quarterly Financials Agenda Quarterly - Key Metrics Strategy & Outlook Historical Financials
Slide 14: Financial Metrics
• Operating profit margins have improved despite higher contribution of low margin TV business, Operating leverage in coming quarters should normalize margins Financial further. Metrics • Working capital is stretched due to strong AC business ramp-up & some delays in plant ramp-up due to fire accide
Slide 15: Business Breakup
• The Washing Machine (WM) and AC IDU Business has seen robust growth, WM business grew 119%, and AC business grew 185% in 12M FY2022. We continue to Business • invest in R&D and Product development in both AC and WM businesses. Products business remains the focus area and growth driver for the comp
Slide 16: Major Highlights of 12M FY22
• Company has been able to strengthen its balance sheet by completing its Equity raise program. • Due to COVID-19 led shutdowns and its after-effects, Production loss for the first half has been significant across segments. However, company has seen good acceptance of its product business and could
Slide 17: Agenda
Introduction Quarterly Financials Agenda Quarterly - Key Metrics Strategy & Outlook Historical Financials
Slide 18: Industry Outlook
Industry Outlook The Rapid rate of urbanization, Low penetration levels, falling Government reforms such as growth of young population with prices of durables and electronics Digital India, Make in India, Power rising income levels is leading to and changing lifestyle of the for all and Jan Dhan-Aad
Slide 19: Future Growth Strategy
Future Growth Strategy • Washing Machines Company foresees large • Room Air conditioner opportunities in plastic • Refrigerators moulding in consumer durables in appliances like: • Ceiling Fans • Sanitaryware products • Air coolers Opportunities in the ODM • Washing machines space for products like:
Slide 20: Future Outlook
Gradual improvement in margins due to better operational Future Outlook efficiencies and higher operating leverage Improving • Product business to drive profitability and growth for the company higher cash- flows, will lead to better capital • Company is developing new efficiency and stronger balanc
Slide 21: Guidance for FY23
o Sales guidance of INR 1800 crores which is a growth of 64% over FY2022 consolidated sales. o Operating profit guidance of INR 126 crores which is a growth of 69% over FY2022 operating profit of Rs 74.5 crores. o Operating margins across segments should see Guidance improvement due to operating lev
Slide 22: Agenda
Introduction Quarterly Financials Agenda Quarterly - Key Metrics Strategy & Outlook Historical Financials
Slide 23: Profit & Loss Statement
Profit & Loss Statement Figures in ₹ million Mar-16 Mar-17 Mar-18 Mar-19 Mar-20 Mar-21 Mar-22 Net Sales 2,603 3,664 3,994 5,084 6,394 7032 10977 Growth (%) 9.0% 40.8% 9.0% 27.3% 25.8% 10.0% 56.1% Expenditure 2.422 3,456 3,749 4,777 5,993 6534 10232 Increase/Decrease in Stock (48) 19 (109) (41) (70)
Slide 24: Balance Sheet
Balance Sheet (Figures in ₹ million) As on 31 March As on 31 March A. EQUITY AND B. ASSETS LIABILITIES 2016 2017 2018 2019 2020 2021 2022 2016 2017 2018 2019 2020 2021 2022 (a) Share capital 164 164 164 187 195 197 212 (a) Fixed assets 1456 1620 1785 1921 2532 2731 4410 (b) Capital Work in (b) Reser
Slide 25: Thank You!
Thank You! We look forward to working with you!