Slide 1: Stock exchange intimation letter
Asoist „... Pidilite 15th May, 2019 The Secretary The Secretary BSE Ltd. National Stock Exchange of India Ltd. Corporate Relationship Dept., Exchange Plaza, Plot no. C/1, G Block, le floor, P. J. Tower, Bandra-Kurla Complex, Dalal Street, Fort Bandra (E), Mumbai - 400 001 Mumbai - 400 051 Stock Code
Slide 2: Investor Update: Quarter and Year ended March 2019
Pidilite Industries Limited Investor Update Quarter and Year ended March 2019 Financial Highlights Coverage Consolidated Standalone Particulars Quarter Year Quarter Year Financial Highlights Ended Ended Ended Ended Business segment wise results Mar’19 Mar’19 Mar’19 Mar’19 Overseas subsidiaries
Slide 3: April–March 2019 performance and segment-wise results
*Reflecting accounting impact of GST (excise duty and net input taxes adjusted from sales of base twelve months). April – March 2019 Consolidated Performance as compared to the previous financial year: On a comparable basis*, net sales grew by 17.5% (excluding sales of Cyclo division of Pidilite U
Slide 4: Segment performance and overseas subsidiaries
January - March 2019 Net sales of Consumer & Bazaar segment grew by 8.9%. PBIT of Consumer & Bazaar segment grew by 9.2%. Net sales of Industrial Products segment grew by 7.1%. PBIT of Industrial products segment declined by 8% given the input cost led contraction in gross margins by 140 Bps and
Slide 5: Overseas and domestic subsidiaries performance
Sargent Art, a division of Pidilite USA, reported decline in EBITDA for the quarter mainly due to changes in product and customer mix. Pulvitec do Brasil reported a decline in EBITDA due to competitive pressure in key products. The subsidiaries in Bangladesh and Thailand have reported good sal
Slide 6: Standalone audited 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 audited segment information
---- 2 ---- STANDALONE AUDITED SEGMENT INFORMATION FOR THE QUARTER AND YEAR ENDED 31.03.2019 Rs Crores For the Quarter ended For the Year ended Sr. Particulars No. 31.03.2019 31.12.2018 31.03.2018 31.03.2019 31.03.2018 Audited Unaudited Audited Audited Audited 1 Segment Revenue a) Consumer & Bazaar
Slide 8: Standalone statement of assets and liabilities
---3--- STANDALONE AUDITED STATEMENT OF ASSETS AND LIABILITIES AS AT 31.03.2019 Rs Crores As at As at Sr Particulars 31.03.2019 31.03.2018 No Audited Audited A ASSETS 1 Non Current Assets (a) Property, Plant and Equipment 667.62 656.62 (b) Capital Work-In-Progress 229.08 164.13 (c) Goodwill 86.11 86
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 on 14th May 2019 and approved by the Board of Directors at their meeting held on 14th May 2019. 2. The Company has opted to publish Standalone as well as Consolidated Financial Resul
Slide 10: Consolidated audited 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 CONSOLI
Slide 11: Consolidated audited segment information
---- 2 ---- CONSOLIDATED AUDITED SEGMENT INFORMATION FOR THE QUARTER AND YEAR ENDED 31.03.2019 Rs Crores For the Quarter ended For the Year ended Sr. Particulars No. 31.03.2019 31.12.2018 31.03.2018 31.03.2019 31.03.2018 Audited Unaudited Audited Audited Audited 1 Segment Revenue a) Consumer & Bazaa
Slide 12: Consolidated statement of assets and liabilities
---3--- CONSOLIDATED AUDITED STATEMENT OF ASSETS AND LIABILITIES AS AT 31.03.2019 Rs Crores As at As at Sr No Particulars 31.03.2019 31.03.2018 Audited Audited A ASSETS 1 Non Current Assets (a) Property, Plant and Equipment 913.32 802.59 (b) Capital Work-In-Progress 242.13 227.73 (c) Goodwill 184.99
Slide 13: Notes to the Consolidated Financial Results
---- 4 ---- Notes to the Consolidated Financial Results: 1. The above results have been reviewed by the Audit Committee on 14th May 2019 and approved by the Board of Directors at their meeting held on 14th May 2019. 2. The Company has opted to publish Standalone as well as Consolidated Financial Res
Slide 14: Pidilite Industries Ltd. Q4FY19/FY19
Pidilite Industries Ltd. Q4FY19/ FY19 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
Pidilite Financial Highlights =f) TERMINATOR z | ea eine A” FEVICOL Xe irs = Ac Peta 4 | ‘ = ow
Slide 17: Q4FY19 Earnings Summary
Q4FY19 Earnings Summary * EBITDA is before non operating income Pidilite Industries Limited 4
Slide 18: FY19 Earnings Summary
FY19 Earnings Summary # On a comparable basis after reflecting accounting impact of GST (excise duty and net input taxes adjusted from sales of base twelve months) * Excluding sales of Cyclo division of Pidilite USA Inc., which was sold by Pidilite USA Inc. in June 2017 Pidilite Industries Limited *
Slide 19: Comments on Financial Performance
Comments on Financial Performance Standalone • Net Sales grew by 8.4% in Q4. • EBITDA, before non-operating income, at Rs 263 Cr grew by 3.2% in Q4, given the input cost led contraction in gross margins by 1.6%. However input cost has improved by 3.5% vs Q3’19. Consolidated • Net Sales grew by 10.8%
Slide 20: Q4FY19 Overseas Subsidiaries Performance
Q4FY19 Overseas Subsidiaries Performance 40 Sales (in INR Crores) 26.2 26.1 25.6 24.1 21.1 20.2 22.2 19.1 20 14.3 12.5 9.0 7.8 7.4 6.8 3.5 2.0 0 North South Bangaldesh Srilanka Thailand Egypt UAE Others America America Q4, FY 2017-18 Q4, FY 2018-19 5 4.2 4 3.2 3 2 1.3 1.2 1 0.4 0.1 - -0.2 -0.1 -0.1
Slide 21: FY19 Overseas Subsidiaries Performance
FY19 Overseas Subsidiaries Performance 160 Sales (in INR Crores) 140 120 113.7 103.6 99.4 98.5 100 85.7 86.8 85.3 89.6 80 55.8 60.1 60 36.8 40 31.3 28.1 29.4 20 10.1 8.7 0 North South Bangaldesh Srilanka Thailand Egypt UAE Others America America FY 2017-18 FY 2018-19 20 17.0 15.8 15 10 7.5 6.8 4.8 3
Slide 22: Q4FY19 Domestic Performance
Q4FY19 Domestic Performance 80 75.0 73.6 Sales (in INR Crores) 60 43.2 42.1 40 23.8 26.7 16.2 18.3 20 0 Nina Percept Pvt Ltd * ICA Pidilite Pvt Ltd Cipy Polyurethane Pvt Others Ltd # Q4, FY 2017-18 Q4, FY 2018-19 14 11.5 12 9.7 10 8 6.6 6 4 2.2 2.3 1.8 2 - (2) -1.7 EBITDA (4) Nina Percept Pvt Ltd *
Slide 23: FY19 Domestic Subsidiaries Performance
FY19 Domestic Subsidiaries Performance 350 305.0 Sales (in INR Crores) 300 239.2 250 200 168.3 155.4 150 102.8 100 64.0 55.6 50 26.7 0 Nina Percept Pvt Ltd ICA Pidilite Pvt Ltd Cipy Polyurethane Others * Pvt Ltd # FY 2017-18 FY 2018-19 40 34.6 35 30.0 30 25 21.1 20 15 10 6.1 5.9 5 1.4 1.7 2.2 EBITDA
Slide 24: Company Overview
Pidilite Company Overview ee INSTANT ADHESIVE epee FEVICOL Fevikwit® ‘Fevicryl’ rangeela THE ULTIMATE ADHESIVE @ m-searl steelorip|® MOEN Roffh SHINE + PROTECTION 4] FOR CARS & BIKES TILE FIXING SOLUTIONS
Slide 25: Company Overview
Company Overview • • • Pidilite Industries Limited 12
Slide 26: Industry Segment Composition
Industry Segment Composition 9 IP 15% C&B 84% Standalone Results – % of Total Sales for FY 2018-19 13
Slide 27: 5-Year Performance by Business Segments
5-Year Performance by Business Segments Numbers represent Percentage of Total Sales Consumer and Bazaar Products Industrial Products IP includes Others also 85% 20% 18% 84% 84% 84% 18% 84% 17% 16% 16% 16% 83% 16% 83% 14% 82% 82% 12% 81% 10% 2014-15 2015-16 2016-17 2017-18 2018-19 2014-15 2015-16 201
Slide 28: Domestic Presence – India operations
Domestic Presence – India operations • • • • • • Pidilite Industries Limited 15
Slide 29: Global Presence
Global Presence • • • • • • • Pidilite Industries Limited 16
Slide 30: Marketing/ Advertising
Marketing/ Advertising • • • • • Pidilite Industries Limited 17
Slide 31: Shareholding Pattern as of March 31, 2019
Shareholding Pattern as of March 31, 2019 13.96% Promoters 11.71% Mutual Funds FPIs 4.58% 69.75% Others Pidilite Industries Limited 18
Slide 32: Share Price Movement
Share Price Movement Pidilite Sensex 140 130 120 110 100 90 80 Mar-18 Apr-18 May-18 Jun-18 Jul-18 Aug-18 Sep-18 Oct-18 Nov-18 Dec-18 Jan-19 Feb-19 Mar-19 Pidilite Industries Limited 19
Slide 33: Backed by consistent dividend payouts
Backed by consistent dividend payouts 50% 40.6% 40% 38.4% 34.4% 33.1% 33.8% 30% 20% 10% 0% FY15 FY16 FY17 FY18 FY19 Pidilite Industries Limited 20
Slide 34: Investor Contacts
Investor Contacts Investor Relations - investor.relations@pidilite.co.in Mr. Puneet Bansal, Company Secretary Ramkrishna Mandir Road, Off Mathuradas Vasanji Road, Andheri (E), Mumbai - 400 059. Phone : +91 22 67697000 CIN : L24100MH1969PLC014336 Fax : +91 22 28216007