Hindware Home Innovation Limited · NSE:HINDWAREAP
Hindware Home Innovation — Q4 FY24 Earnings Presentation
32 slides from Hindware Home Innovation's earnings presentation, May 28, 2024
Slide 1: Filing cover letter to BSE and NSE
NEAPS/BSE ONLINE 28th May, 2024 The Corporate Relationship Department BSE Limited Phiroze Jeejeebhoy Towers, 1st Floor, New Trading Ring, Rotunda Building, Mumbai-400001 (BSE Scrip Code: 542905) Listing Department National Stock Exchange of India Limited Plot No. C-1, Block-G, Exchange Plaza, 5th Fl
Slide 2: Q4 & FY24 Financial Result Presentation
Q4 & FY24 Financial Result Presentation “Delivering sustainable growth” “With customers at the core” May 28, 2024
Slide 3: Disclaimer
Disclaimer This presentation has been prepared by Hindware Home Innovation Limited (formerly Somany Home Innovation Limited) (the “Company”) solely for your information and may not be distributed, reproduced, or redistributed or passed on directly or indirectly to any other person, whether within or
Slide 4: Business Overview
Business Overview Premium Consumer Appliances and Building Products Company Leader in Industry leading growth Sanitaryware and in Plastic Pipes & Owner of Brand second largest in the Fittings segment Hindware faucets segment Building Products Segment Judicial mix of owned and Strong Growth Outlook C
Slide 5: About Us
About Us ▪ Hindware Home Innovation is a Consumer Appliances and Building Hindware Home Products Company Innovation Limited ▪ Owner of Hindware, a reliable and trusted brand across India ▪ Leveraging innovation and expansive distribution infrastructure Consumer Retail* across businesses Appliances o
Slide 6: Our Approach
Our Approach ▪ Harnessing distinct distribution ▪ Several successful launches at networks to market newer regular intervals to cater to the products and cross-selling burgeoning needs of the Introduce ▪ Expansive distribution reach customers across all segments, enabling us ▪ Strong R&D capabilities
Slide 7: Proficient and Committed Leadership
Proficient and Committed Leadership Mr. Sandip Somany Mr. Sandeep Sikka Mr. Naveen Malik Mr. Sudhanshu Pokhriyal Mr. Rajesh Pajnoo Chairman and Non- Group Chief Financial CEO & CFO, Hindware Chief Executive Officer, Chief Executive Officer, Executive Director Officer Home Innovation Bath Business Pi
Slide 8: Our Environmental, Social and Governance Commitments
Our Environmental, Social and Governance Commitments Environment: Hindware Home Innovation Limited is dedicated to reducing its carbon footprint, adopting energy-efficient technologies, and promoting the use of recycled materials to minimize its environmental impact, in aligning with global sustaina
Slide 9: Fulfilling Our Sustainability Initiatives
Fulfilling Our Sustainability Initiatives Waste management practices involve process Greenhouse gas Energy efficiency is Water efficiency includes Rooftop solar energy mapping, source emissions are reduced achieved through daylight 'Zero' discharge, rainwater across our plants helps in segregation,
Slide 10: Financial Performance
Financial Performance 9
Slide 11: Consolidated Financial Performance
Consolidated Financial Performance (₹ in crore) Revenue EBITDA Margin (%) PAT 2,872.3 3%YoY 2,800.0 2% YoY 45% YoY 281.1 274.9 FY 24 9.8% 9.8% 66.5 36.8 FY23 FY24 FY23 FY24 FY23 FY24 Revenue EBITDA Margin (%) PAT 1% YoY 27% YoY 76% YoY 766.9 773.7 Q4 FY 24 692.6 89.8 61.3 65.2 11.7% 8.9%
Slide 12: Building Products Segment
Building Products Segment 11
Slide 13: Building Products Business Update
Building Products Business Update In FY24, Revenue stood at ₹2355 vs ₹2,315 crore in FY23, higher by Building Products Business (₹ in crore) 2% and EBIT grew to ₹214 crore from ₹174 crore, registering a growth of 23% YoY- driven on the back of diversified offerings, a strong brand, and ambitious exp
Slide 14: Bathware Business Update – FY24
Bathware Business Update – FY24 (₹ in crore) Revenue EBITDA Margin (%) EBIT Margin (%) 3.2% YoY 14.5% YoY 11.4% YoY 243.5 171.0 153.4 212.6 1,531.0 1,580.2 13.9% 15.4% 10.0% 10.8% FY23 FY24 FY23 FY24 FY23 FY24 PBT Margin (%) Net Working Capital (Days) Net Borrowing 112 105 426 5.9% YoY 124.0
Slide 15: Bathware Business Update – Q4 FY24
Bathware Business Update – Q4 FY24 (₹ in crore) Revenue EBITDA Margin (%) EBIT Margin (%) 3.3% YoY 420.7 62.5 64.5 407.3 401.5 54.5 45.8 45.8 35.9 15.3% 13.6% 15.3% 11.3% 8.9% 10.9% Q4FY23 Q3FY24 Q4FY24 Q4FY23 Q3FY24 Q4FY24 Q4FY23 Q3FY24 Q4FY24 PBT Margin (%) Net Working Capital (Days) Net Borrowi
Slide 16: Building Products Business - Bathware
Building Products Business - Bathware ▪ Leading player in sanitaryware & faucets segments o Brands available across price points ▪ Control over the entire value chain & a strong network of distribution & service: o 660+ Brand Stores for an immersive customer experience o 500+ distributors, dealers a
Slide 17: Industry-First Innovative-Design Led Products
Industry- First Innovative-Design Led Products 16
Slide 18: New Products Launched
New Products Launched THERMOSTAT & MULTIFUNCTION SHOWER AGNESE FAUCET RANGE 17
Slide 19: Marketing Initiatives
Marketing Initiatives Started the year on a high-leveraging IPL as a Platform and Unlocking the Power of Cricket PREFESTIVE SEASON – WORLD CUP – SUPER 4s HINDWARE @ASIA CUP Non leading arm Leading Helmet Feature : Super Fours FILM – Virat + Siraj TVC L Bands Mix of TV and OTT ensuring maximum reach
Slide 20: Marketing Initiatives
Marketing Initiatives QEUO Hindware Italian Tiles Let Time Wait Campaign Starring Aahana Kumra - Period: July & Aug 23 Chanel: English News & South News Channels Spots: More Than 8000 Spots Served 19
Slide 21: Marquee Clients
Marquee Clients = BRIGADE if SEW, country (@- fi) GAR Pry rome PROVIDENT PURAVANKARA Google | sosarijonsor Infosys w/ Sahit? | caROVAR ill | osai | IndianOil Fn iene OFS 8 ESOT SATTVA i @ & | taj | i > \ 2 7 2, — R sa LARSEN & TOUBRO 4 MERIDIEN Sunteck) supertech a AJ Ml. Vaishnavi ge fre seer meee
Slide 22: Plastic Pipes & Fittings Business Update
Plastic Pipes & Fittings Business Update • Truflo, a leading brand in plastic pipes and fittings, continues to be the fastest-growing in the sector despite challenges. o Focus on brand awareness and expanding market share in CPVC pipes and fittings o Market presence has been strengthened through act
Slide 23: Plastic Pipes & Fittings Business Update – FY24
Plastic Pipes & Fittings Business Update – FY24 (₹ in crore) Revenue EBITDA Margin (%) EBIT Margin (%) 1.2% YoY 71.8 64.1% YoY 107% YoY 43.8 43.5 784.2 774.4 21.0 5.6% 9.3% 2.7% 5.6% FY23 FY24 FY23 FY24 FY23 FY24 PBT Margin (%) Net Working Capital (Days) Net Borrowing Positive YoY 12.4 69 27
Slide 24: Plastic Pipes & Fittings Business Update – Q4 FY24
Plastic Pipes & Fittings Business Update – Q4 FY24 (₹ in crore) Revenue EBITDA Margin (%) EBIT Margin (%) 11.3%YoY 12.0%YoY 10.6% YoY 17.2 19.0 243.5 218.8 26.4 174.0 23.6 6.2 13.4 10.8% 7.7% 10.9% 7.8% 3.6% 7.8% Q4FY23 Q3FY24 Q4FY24 Q4FY23 Q3FY24 Q4FY24 Q4FY23 Q3FY24 Q4FY24 PBT Margin (%) Net
Slide 25: Plastic Pipes & Fittings
Plastic Pipes & Fittings ▪ TRUFLO by Hindware, is the fastest growing plastic pipes and fittings brand in India o With 2000+ SKUs already being offered and many more being added, TRUFLO aims to be amongst the top 5 CPVC players in 3 years ▪ In-house manufacturing for better efficiencies & end to end
Slide 26: Product Range, Plant & Showroom and Marketing Initiatives
Product Range, Plant & Showroom and Marketing Initiatives Offering world-class pipes and fitting solutions inspired by the quality commitment of its flagship brand Hindware over decades. All TRUFLO manufactured products are lead-free. certified certified IS: 15778 CM/L 6300045697 Assurance to · Last
Slide 27: Consumer Appliances Business
Consumer Appliances Business 26
Slide 28: Consumer Appliances Business Update – FY24
Consumer Appliances Business Update – FY24 (₹ in crore) Revenue EBITDA Margin (%) EBIT Margin (%) 15.8% YoY 4.9% 2.1% 500.9 10.3 421.7 24.7 -29.8 -12.5 -3.0% -7.1% FY23 FY24 FY23 FY24 FY23 FY24 PBT Margin (%) Net Working Capital (Days) Net Borrowing* 135 133 -7.2 122 113 -47.5 -1.4% -11.3% FY23 FY
Slide 29: Consumer Appliances Business Update – Q4 FY24
Consumer Appliances Business Update – Q4 FY24 (₹ in crore) Revenue EBITDA Margin (%) EBIT Margin (%) 15.1% YoY 3.7 -0.3 -9.1 -11.0 127.5 112.3 108.2 2.9% -4.6 -6.7 -4.1% -6.2% -0.2% -8.1% -10.2% Q4FY23 Q3FY24 Q4FY24 Q4FY23 Q3FY24 Q4FY24 Q4FY23 Q3FY24 Q4FY24 PBT Margin (%) Net Working Capital (Days
Slide 30: Consumer Appliances Business Update
Consumer Appliances Business Update ▪ Revenue was ₹422 crore in FY24 and ₹108 crore in Q4FY24. Muted demand environment and inflationary concerns weighed in on revenue • Continued to maintain our leading position in the kitchen appliances segment despite inflation and increasing competition • Active
Slide 31: Diverse and Exciting Products & Brands
Diverse and Exciting Products & Brands Kitchen Appliances Air Coolers Water Heaters (50:50 JV with Groupe Atlantic) Fans Kitchen & Furniture Fittings 30
Slide 32: Thank You
Naveen Malik Hindware Home Innovation Ltd +91 124 477 9200 investors@shilgroup.com Gavin Desa / Jenny Rose Kunnappally CDR India Thank You +91 9820637649 +91 8689972124 gavin@cdr-india.com jenny@cdr-india.com
Hindware Home Innovation — Q4 FY24 Earnings Presentation on 6ix