Pidilite Industries Limited · NSE:PIDILITIND
Pidilite Industries — Q3 FY2023 Earnings Presentation
24 slides from Pidilite Industries's earnings presentation, Jan 25, 2023
Slide 1: Cover letter to stock exchanges
25th January, 2023 The Secretary The Secretary BSE Ltd. National Stock Exchange of India Ltd. Corporate Relationship Dept., Exchange Plaza, Plot no. C/1, G Block, 14th floor, P. J. Tower, Bandra-Kurla Complex, Dalal Street, Fort Bandra (E), Mumbai - 400 001 Mumbai - 400 051 Stock Code – 500331 Stock
Slide 2: Q3 FY23 Earnings Presentation
Q3’ FY 23 Earnings Presentation
Slide 3: Our Brands
OUR BRANDS ea FEVICOL Feviergt [ral per PERCEPT INSTANT ADHESNE Fevikwi steelorip —, on grupopuma a 7 LITOoKOGL more TERMINATOR’ @iupy Jowatz
Slide 4: 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 5: Market Outlook
MARKET OUTLOOK ➢ This quarter saw stability in key input prices and consumer pricing. ➢ Demand conditions in rural and semi urban area remain under strain. ➢ The recent significant input cost reductions as well as increased construction activity along with governmental initiatives in capex and rural
Slide 6: Financial Highlights
FINANCIAL HIGHLIGHTS
Slide 7: Performance Overview
PERFORMANCE OVERVIEW ➢ Nine months of the current financial year witnessed robust revenue growth aided by strong volume growth across categories and geographies. ➢ Growth was broad based across Consumer and Bazaar (‘C&B’) and Business to Business (‘B2B’) segments with both segments reporting double
Slide 8: Earnings Summary 9M FY23
EARNINGS SUMMARY 9M’ FY23 NET SALES EBITDA* PBT* PAT CONSOLIDATED Rs. 9,077 Cr Rs. 1,525 Cr Rs. 1,331 Cr Rs. 1,003 Cr YOY GROWTH 23.0% 5.5% 5.0% 5.3% STANDALONE Rs. 8,179 Cr Rs. 1,419 Cr Rs. 1,279 Cr Rs. 966 Cr YOY GROWTH 23.3% 2.5% 2.4% 2.9% •EBITDA is before non operating income. PBT is Profit bef
Slide 9: Earnings Summary Q3 FY23
EARNINGS SUMMARY Q3’ FY23 NET SALES EBITDA* PBT* PAT CONSOLIDATED Rs. 2,987 Cr Rs. 496 Cr Rs. 419 Cr Rs. 308 Cr YOY GROWTH 5.1% - 9.7% - 13.9% - 14.3% STANDALONE Rs. 2,698 Cr Rs. 468 Cr Rs. 403 Cr Rs. 296 Cr YOY GROWTH 4.8% -11.9% -16.3% -17.4% •EBITDA is before non operating income. PBT is Profit b
Slide 10: Segment Summary
SEGMENT SUMMARY (in INR Crores) Sr. 9M Q3 PARTICULARS No FY23 FY22 Growth FY23 FY22 Growth 1 Segment Sales a) C&B 6,584.5 5,284.8 24.6% 2,203.8 2,052.1 7.4% b) B2B 1,682.8 1,419.2 18.6% 508.2 542.2 -6.3% c) Others 81.5 44.9 81.5% 33.3 20.5 63.1% Total 8,348.8 6,749.0 23.7% 2,745.3 2,614.7 5.0% Less
Slide 11: Overseas Subsidiaries Performance 9M FY23
OVERSEAS SUBSIDIARIES PERFORMANCE 9M’ FY23 (in INR Crores) Asia Sales 23% 189.2 233.3 Americas Sales 185.0 198.2 7% EBITDA 32.3 38.1 18% EBITDA Middle East and Africa 13.0 1.2 EBITDA Sales 156. 189.7 21% 5.1 -0.6 • Amounts are like for like actual reported numbers excluding translations and other co
Slide 12: Overseas Subsidiaries Performance Q3 FY23
OVERSEAS SUBSIDIARIES PERFORMANCE Q3’ FY23 (in INR Crores) Asia Sales 6% 70.6 74.8 Americas Sales 5% 58.4 61.1 EBITDA 18% 12.3 10.0 EBITDA Middle East and Africa 0.8 Sales 19% EBITDA -2.2 63.9 53.8 1.8 -0.1 • Amounts are like for like actual reported numbers excluding translations and other consolid
Slide 13: Domestic Subsidiaries Performance 9M & Q3 FY23
DOMESTIC SUBSIDIARIES PERFORMANCE 9M & Q3’ FY23 300 36% 287.3 22% 120 12% 19% 226.8 95.7 240 210.7 100 85.3 185.4 78.6 80 65.9 180 NET SALES 60 120 40 60 20 0 0 C&B B2B C&B B2B 60 89% 55.3 108% 79% 126% 33 40 29.3 23 16.8 20 EBITDA 1.8 9.3 0 13 1.3 -20 3 (21.0) -7 -40 -4.9 C&B B2B C&B B2B EBITDA is
Slide 14: A Company at Glance
A COMPANY AT GLANCE Brand established in Adhesives & sealants, History of creating Among the most trusted brands 1959 construction chemicals, strong brands in the country. Other big brands Pioneer in Consumer & art & craft products & include M-Seal, Fevikwik, Fevistik, Specialty Chemicals polymer em
Slide 15: Industry Segment Composition
INDUSTRY SEGMENT COMPOSITION 6.0% 7.2% Pigment & Industrial Resins, Preparations Construction chemicals (Project) etc. 0.7% Others 6.5% Industrial Adhesives 5.9% Art & Craft Materials etc. 53.4% 79.6% Adhesives & Consumer & Bazaar products 20.3% Sealants Construction & Paint Chemicals 19.7% Business
Slide 16: 5-Year Performance by Business Segments
5-Year Performance by Business Segments Numbers represent Percentage of Total Sales Consumer and Bazaar (C&B) Business to Business (B2B) B2B includes Others also 81% 21% 81% 80% 80% 21% 80% 20% 20% 20% 79% 19% 79% 19% 77% 17% 75% 15% 2017-18 2018-19 2019-20 2020-21 2021-22 2017-18 2018-19 2019-20 20
Slide 17: Domestic Presence
DOMESTIC PRESENCE INDIA OPERATIONS 6,200+ SKUs of 900+ products Domestic Revenue of Rs. 7,461 Cr for FY22 34 plants, 35 Co-makers 4,898+ distributors 44 warehouses 7 regional offices & 4 RDCs 12 domestic subsidiaries (including 1 partnership firm) and 6 associates
Slide 18: Marketing & Advertising
MARKETING & ADVERTISING Consistent and effective brand building activities across various categories a. Consumer Adhesives & Sealants b. Craftsmen Adhesives c. Waterproofing Chemicals d. Hobby & Craft Colours Several of the brands are well-known in respective categories (Fevicol, Fevikwik , M-Seal,
Slide 19: Connecting Digitally
CONNECTING DIGITALLY eee & Roff ‘2m. Fevicol : «® Fevikwik a8 ides the perfect solution to your tile and stone fixing problems while it's fleible and ao ne look an feel of your space, For more information vst wawicoftin Na dabbe girenge, na swaad ;) Stop (the object), Be Ready (with Fevikwik) #Fevic
Slide 20: Celebrating Occasions - Digital Way
CELEBRATING OCCASSIONS- DIGITAL WAY
Slide 21: Share Holding Pattern - 31st December 2022
SHARE HOLDING PATTERN- 31st December 2022 14.90% Promoters Mutual Funds 11.08% FPIs Others 4.08% 69.94%
Slide 22: Share Price Movement
SHARE PRICE MOVEMENT Rebased to 100
Slide 23: Consistent Dividend Payouts
CONSISTENT DIVIDEND PAYOUTS 50% 40.6% 39.9% 40.1% 40% 38.1% 36.9% 30% 20% 10% 0% FY18 FY19 FY20 FY21 FY22 Note: The Net Profit considered for above calculation is excluding exceptional items
Slide 24: Investor Relations
CIN : L24100MH1969PLC014336 Investor Relations Investor.relations@pidilite.co.in Manisha Shetty [Company Secretary] Ramkrishna Mandir Road, Off Mathuradas Vasanji Road, Andheri (E), Mumbai - 400 059. Phone : +91 22 28357949 Fax : +91 22 28216007
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