Cera Sanitaryware Limited · NSE:CERA
Cera Sanitaryware — Investor Presentation (May 2015)
47 slides from Cera Sanitaryware's investor presentation, May 19, 2015
Slide 1: Cera Sanitary Limited Analysts Meet
IT’S A STYLEWARE, NOT SANITARYWARE Cera Sanitary Limited ANALYSTS MEET 19.05.2015
Slide 2: A warm welcome to all the invitees
A warm welcome to all the invitees Research ad Financial Analysts to share Company’s past performance and future industry outlook.
Slide 3: The Management Team is here to share
The Management Team is here to share; Historical Performance of FY 2014-15 Research ad Financial Analysts and apast to share Company’s way forward.. performance and future industry outlook.
Slide 4: Disclaimer
Disclaimer Certain statements in this release concerning our future growth prospects are forward-looking statements within the meaning of applicable securities laws and regulations. These statements involve a number of risks and uncertainties, beyond the control of the Company, that could cause actu
Slide 5: Rs.53.36 EPS, Top line growth, Dividend 125%
125% Dividend Rs.53.36 EPS 30.36% Bottom line Growth 23.80 % Top line Growth
Slide 6: About Cera Sanitaryware Ltd.
Introduction About Cera Sanitaryware Ltd.
Slide 7: Promoters
Promoters • Mr. Vikram Somany - Chairman & Managing Director 1 • Mrs. Deepshikha Khaitan - Director • Mr. Somany and his family owned investment companies hold promoters interest to the tune 2 of 54.71 %
Slide 8: Promoters
Promoters • Mr. Vikram Somany - Chairman & Managing Director • Mrs. Deepshikha Khaitan - Director 1 • Key Management :- • Mr. S C Kothari - CEO 2 • Mr. Atul Sanghvi - Executive Director • Mr. Bharat Mody – Strategic Adviser • Mr. Mr. R B Shah – CFO
Slide 9: Leadership
Leadership • In premium Sanitary-ware space, ‘CERA’ is 1 India’s largest and ‘Only’ listed Company • It is third largest company in the organized 2 sector with over 23% market share • Presence across Pan India with supportive 3 service centers
Slide 10: Business Highlights
Business Scenario Business Highlights
Slide 11: Business Scenario
Business Scenario CRISIL Research has assigned Fundamental grade of 4/5 Valuation Grade 3/5 to Cera Sanitaryware Ltd on the back of wide appeal of the CERA brand, established position in the organized sanitary ware industry, an extensive distribution network and stable cash flows. CRISIL expects the
Slide 12: Product Range
Product Range 1 • Vitreous China Sanitary ware 2 • Faucet ware – Chrome Plated Fittings and Taps • Life style Products range like Shower Panels, Bathroom 3 Cubicles, Bath tubs, Whirlpools - Jacuzzi, Bath fittings. 4 • Allied Products – PVC Cisterns & Seat Covers 5 • Kitchen Sinks and Bathroom Mirror
Slide 13: Manufacturing Facilities
Manufacturing Facilities • Plant is located at Kadi, Dist. Mehsana 1 • CERA is the first sanitaryware company to use 2 natural gas • First Indian sanitaryware company to implement ISO 9002 and ISO 14001 certifications for Quality 3 Management Systems and Environment-friendly Manufacturing Systems
Slide 14: Premium Sanitary ware
Premium Sanitary ware • ‘Cera’ continually strives to upgrade technology & process 1 parameters to optimize on in-house production of quality premium sanitaryware • ‘Cera’ also outsources its requirements of some of the premium sanitaryware, majorly from China and also from 2 Turkey • This is to mee
Slide 15: Revenue Streams
Revenue Streams existing production capacity of sanitary ware close to 3.00 mn Revenue Streams pcs pa Manufacturing Outsourcing Imported Sanitary ware In-House Mfg. Contract Mfg. Sanitary ware Sanitaryware Life Style products like Shower Temple and bath cubicles, PVC Cistern, Seat Covers etc. and CP
Slide 16: Strong Marketing and Distribution Network
Strong Marketing and Distribution Network Works Marketing Office Cera enjoys a strong distribution Sales Office network with 1400 Distributors / Bath Studios (Company Display Centre) Company Stock Points Dealers (authorized stockiest) and Chandigarh 14000 retailers. Delhi To supplement the distribut
Slide 17: Cera Growth Trajectory
Cera Growth Trajectory Successfully commissioned Installed manufacturing Captive Power plant for Plant (gas Faucet ware based) at Kadi with initial Undertook capacity of and wind- expansion 2500 pcs per turbine Undertook of Rs. 127 generator for r day . Scalable expansion of Mn and 312 mn and to 100
Slide 18: Financial Highlights
Business Scenario Financial Highlights
Slide 19: Current Financials as on 31.03.2015 - Audited
Current Financials as on 31.03.2015 - Audited Particulars Amt Amt Rs. In Cr. Rs. In Cr. 2013-14 2014-15 Total Income [Net of other 663.69 821.67 Income] Net Profit 51.91 67.66 Cash Profit 64.15 83.12 EPS 41.02 53.36 Cash EPS 53.84 71.87
Slide 20: Top line Growth, EPS, Bottom line Growth, Dividend
23.80% 30.36% Rs.53.36 125% Top line Bottom line Growth EPS Dividend Growth
Slide 21: Current Financials for Q IV of FY 2014-15
Current Financials for Q IV of FY 2014-15 Particulars Q IV 2013-14 Q IV -2014-15 Total Income 218.19 250.44 Net Profit 19.34 22.12 Cash Profit 24.71 28.60 EPS 15.28 17.33 EBDITA 37.09 38.31
Slide 22: Historical Financials
Historical Financials Amount Rs. In Crores 2011-12 2012-13 2013-14 2014-15 Particulars Rs. In Cr Rs. In Cr Rs. In Cr Rs. In Cr Share Capital 6.33 6.33 6.33 6.50 Net Worth 139.18 179.50 223.97 351.71 Gross Block 143.35 179.62 216.88 295.57 Net Sales 319.39 487.87 663.69 821.67 Total Income 326.24 496
Slide 23: Some Financial Important Ratios
Some Financial Important Ratios Amount - Rs. Crore. Sr. Particulars F Y 2012-13 F Y 2013-14 F Y 2014-15 No 1 Gross Revenue 487.87 663.69 821.67 2 Book Value of Assets 141.85 176.98 270.42 3 Working Capital 70.39 136.70 219.29 4 Long Term Debt 20.99 14.89 23.14 5 Net worth / Share Holders’ 179.50 223
Slide 24: EBDITA Margin (in %)
EBDITA Margin (in %) 20.00% 18.00% 16.00% 14.00% 12.00% 10.00% 8.00% 6.00% 4.00% 2.00% 0.00% 2011-12 2012-13 2013-14 2014-15 EBDITA Margin (in %) 18.85% 17.28% 15.23% 15.11%
Slide 25: Total Income (Rs. in Crores)
Total Income (Rs. in Crores) 900.00 800.00 700.00 600.00 500.00 400.00 300.00 200.00 100.00 0.00 2011-12 2012-13 2013-14 2014-15 Total income (Rs in crores) 319.39 487.87 663.69 821.67
Slide 26: Profit after tax (Rs. in crores)
Profit after tax (Rs. in crores) 80.00 70.00 60.00 50.00 40.00 30.00 20.00 10.00 0.00 2011-12 2012-13 2013-14 2013-14 PAT 32.04 46.21 51.91 67.66
Slide 27: Capital and Turnover
Capital and Turnover [Rs. In Cr.] 900.00 800.00 700.00 600.00 500.00 400.00 300.00 200.00 100.00 0.00 2011-12 2012-13 2013-14 2014-15 Turnover 319.39 487.87 663.69 821.67 Capital 139.18 179.50 223.97 351.71
Slide 28: Return on share holders fund (in %)
Return on share holders fund (in %) 30.00% 25.00% 20.00% 15.00% 10.00% 5.00% 0.00% 2011-12 2012-13 2013-14 2014-15 RONW 23.02% 25.74% 23.18% 19.24% The % return on Share Holders Fund has slightly declined in 2014-15. This is because of fresh funds infused in March 2015 which remained unused as at 31
Slide 29: Earnings Per Share
Earnings Per Share 60.00 50.00 40.00 30.00 20.00 10.00 0.00 2011-12 2012-13 2013-14 2014-15 EPS 25.32 36.51 41.02 53.36
Slide 30: Dividend Per Share
Dividend Per Share 7.00 6.00 5.00 4.00 3.00 2.00 1.00 0.00 2011-12 2012-13 2013-14 2014-15 DIVIDEND 3.00 4.00 5.00 6.25 Dividend for the year 2014-15 as recommended by BOD of 125 % is subject to approval of Share Holders in the ensuing AGM
Slide 31: Product Positioning
Business Scenario Product Positioning
Slide 32: Product Mix
Product Mix In Bath Cera has top end products like Fittings, the the Senator Collection, with Single Lever Shower Temples and Jacuzzi Bath fittings are High End features for the elite. Segment Cera has the Premium The Quarter Collection focused at Lower & Upper Middle turn and the middle - end users
Slide 33: New Snow White Ad featuring Sonam
New Snow White Ad featuring Sonam Sonam Kapoor and CERA find a common connection with the brand’s core value, Style.
Slide 34: New Faucets Ad featuring Sonam
New Faucets Ad featuring Sonam Sonam is the perfect brand fit for CERA as she is extremely talented, sophisticated and a style inspiration for everyone in the country.
Slide 35: OHSAS 18001:2007 certification
OHSAS 18001:2007 certification Occupational Health & Safety Management Programs
Slide 36: ISO 9001 Certificate
CERTIFICATE OF REGISTRATION ISOQAR This is to certify that the Management System of- Cera Sanitaryware Limited Works : 9, GIDC Industrial Estate, Kadi ~ 382 715, District Mehsana, Gujarat, india has bean approved by ISOOAR 8578 BS OHSAS 18001: 2007 ‘Scope of Activities Manufacture and sale of vitreo
Slide 37: Preferred partner of CREDAI
Preferred partner of CREDAI (Confederation of Real Estate Developers’ Associations of India)
Slide 38: Preferred Member IIID
Preferred Member IIID (Institute of Indian Interior Designers)
Slide 39: Member IGBC
Member IGBC (Indian Green Building Council)
Slide 40: Member IPA
Member IPA (Indian Plumbing Association)
Slide 41: Product of the Year
Product of the Year For Snow White “ Whiter than the Whitest”
Slide 42: Product of the Year
Product of the Year For Nano Technology on select products
Slide 43: Product of the Year
Product of the Year For Sanitaryware, Bathroom fittings, and Single lever Faucets
Slide 44: Power Brand 2011-12
Power Brand For the year 2011-12
Slide 45: Power Brand 2012-13
Power Brand For the year 2012-13
Slide 46: Asia's Most Promising Brand
Asia's Most Promising Brand For the year 2012-13
Slide 47: THANK YOU!
THANK YOU!