Somany Ceramics Limited · NSE:SOMANYCERA
Somany Ceramics — Q2 FY16 Earnings Presentation
18 slides from Somany Ceramics's earnings presentation, Oct 26, 2015
Slide 1: Q2/H1'FY16 - Investor Update
SOMANY CERAMICS LIMITED Q2/H1’FY16 - Investor Update 26th October, 2015
Slide 2: Key Message
Key Message We continue to witness positive trajectory on Volume growth and market share gain despite seasonally lower first half and challenging demand environment. Our strong Brand has helped us maintain Business momentum. Growth Drivers for H2’FY16 are aplenty. Pay commission and One Rank One Pen
Slide 3: Execution Phase begins
Execution Phase begins Identified Levers of Growth Introduction of REITS Will allow for improvement in liquidity in Real Estate Sector providing a funding mechanism for Developers Smart Cities & Make in India Framework laid for Smart Cities & Make in India programs; to lead to enormous investments a
Slide 4: Financial Overview
Financial Overview Operational • Q2’FY16 tiles sales volume at 10.78 msm vs 10.20 msm for Q2’FY15, a growth of 5.7% YoY while for H1’FY16 volume growth was 9.7% to 21.49 msm Performance • Sales mix in Q2’FY16 was Own manufacturing (35%), JV (41%) and Others (24%) while for H1’FY16 sales mix was Own
Slide 5: Sales Performance (Gross)
Sales Performance (Gross) Q2’FY16 v/s Q2’FY15 H1’FY16 v/s H1’FY15 +13% +8% 827.48 419.48 388.96 734.58 195.01 101.21 Others 174.95 Others 87.19 337.66 JV 256.91 142.05 170.73 JV Own Own 302.72 294.81 159.72 Manufacturing Manufacturing 147.54 Q2’FY15 Q2’FY16 H1’FY15 H1’FY16 Figures in Rs.cr 5
Slide 6: Volume Performance (Tiles)
Volume Performance (Tiles) Q2’FY16 v/s Q2’FY15 H1’FY16 v/s H1’FY15 +10% +6% 21.49 10.78 19.59 4.54 Others 4.58 10.20 7.82 Others 2.11 2.30 JV 6.14 JV 3.43 3.88 Own Own 8.87 9.13 4.66 Manufacturing Manufacturing 4.60 Q2’FY15 Q2’FY16 H1’FY15 H1’FY16 Figures in million square meter 6
Slide 7: Access to Capacities
Access to Capacities Own Plants (Tiles) Location Original Current Capacity Capacity Capacity Utilization (MSM p.a.) (MSM p.a.) in H1’FY16 Owned capacity of 21.55 MSM Kassar Haryana 0.52 13.13 91% p.a. Kadi Gujarat 0.58 8.42 82% Associates/ Subsidiary Plants Equity Original Current Capacity (Tiles) S
Slide 8: Profit & Loss – Q2/H1'FY16
Profit & Loss – Q2/H1’FY16 Particulars Q2’FY16 Q2’FY15 Growth H1’FY16 H1’FY15 Growth Net Sales 403.33 372.23 8.4% 794.79 702.39 13.2% EBIDTA 29.60 25.59 15.7% 54.88 46.64 17.7% Depreciation 4.81 5.52 -12.9% 9.64 10.65 -9.5% Finance cost 4.51 3.72 21.2% 8.88 7.43 19.5% PBT before Exceptional Item 20.
Slide 9: Balance Sheet (Abstract)
Balance Sheet (Abstract) Particulars Sept’15 Mar’15 Equity Share Capital 7.77 7.77 Reserves & Surplus 267.38 246.23 Net Worth 275.15 254.00 Total Debt 199.60 187.76 Net Block 235.16 236.71 Investments 34.60 24.06 Net Current Assets 207.24 188.20 Standalone figures in Rs.cr 9
Slide 10: Debt Management
Debt Management Working Capital Days* Leverage Ratio (x) 1.87 70 1.46 54 47 1.17 43 37 39 0.77 0.74 0.73 FY'11 FY'12 FY'13 FY'14 FY'15 H1'FY16 FY'11 FY'12 FY'13 FY'14 FY'15 H1'FY16 *excludes Current Investment Standalone Figures 10
Slide 11: Return Ratios
Return Ratios ROCE % ROE % 25.4 19.5 23.0 18.5 21.9 17.3 17.3 17.1 16.1 18.7 15.1 16.0 FY'11 FY'12 FY'13 FY'14 FY'15 H1'FY16 FY'11 FY'12 FY'13 FY'14 FY'15 H1'FY16 Standalone Figures 11
Slide 12: 5 Year Profit & Loss - Standalone
5 Year Profit & Loss - Standalone Particulars FY’11 FY’12 FY’13 FY’14 FY’15 Net Sales 708 870 1,046 1,256 1,531 EBIDTA 68 75 87 84 104 Depreciation 17 18 20 22 22 Finance cost 17 21 20 18 16 Profit before tax 34 36 47 44 66 Tax expenses 10 11 15 16 21 Profit after tax 23 25 32 28 44 Cash Profit 43 4
Slide 13: 5 Year Balance Sheet - Standalone
5 Year Balance Sheet - Standalone Particulars Mar’11 Mar’12 Mar’13 Mar’14 Mar’15 Equity Share Capital 7 7 7 8 8 Reserves & Surplus 96 117 144 213 246 Net Worth 102 124 151 221 254 Total Debt 191 181 176 170 188 Net Block 176 194 209 219 237 Investments 2 6 9 22 24 Net Current Assets 137 128 133 165
Slide 14: 5 Year Profit & Loss - Consolidated
5 Year Profit & Loss - Consolidated Particulars FY’11 FY’12 FY’13 FY’14 FY’15 Net Sales 716 876 1,050 1,261 1,535 EBIDTA 70 75 88 84 115 Depreciation 18 18 20 21 26 Finance cost 18 21 20 19 21 Profit before tax 34 36 48 44 68 Tax expenses 10 11 16 15 22 Profit after tax 24 25 32 29 46 Cash Profit 44
Slide 15: 5 Year Balance Sheet - Consolidated
5 Year Balance Sheet - Consolidated Particulars Mar’11 Mar’12 Mar’13 Mar’14 Mar’15 Equity Share Capital 7 7 7 8 8 Reserves & Surplus 97 121 146 215 250 Net Worth 104 126 153 223 258 Total Debt 194 181 177 189 210 Net Block 177 194 209 243 265 Investments 1 5 9 18 20 Net Current Assets 146 130 136 17
Slide 16: Shareholding as on 30th Sept. 2015
Shareholding as on 30th Sept. 2015 31.93% 56.22% 2.93% 3.85% 5.07% Promoters FII DII Body Corporates Others Total number of 38,844,826 Equity Shares of Rs. 2/- each 16
Slide 17: Disclaimer
Disclaimer The information contained herein has been prepared to assist prospective investors in making their own evaluation of the Company and does not purport to be all-inclusive or to contain all of the information a prospective or existing investor may desire. This Information may include certai
Slide 18: For further information, please contact:
For further information, please contact: Company : Investor Relations Advisors : Somany Ceramics Ltd. Strategic Growth Advisors Pvt. Ltd. CIN - L40200DL1968PLC005169 CIN - U74140MH2010PTC204285 Mr. R. K. Lakhotia, VP – Finance Mr. Shogun Jain/Ms. Sanjita Ghosh fin@somanytiles.co.in jshogun@sgapl.net